We are currently in the midst of a global recession as a result of the COVID-19 pandemic, the unprecedented effects of which have likely had an impact on both your earnings and spending habits. As a result, you need to ensure you are making smart financial decisions and may be on the lookout for new ways you can make money.
Luckily, there are numerous different ways you can do this – even from the comfort of your own home!
- Invest
Many people are reluctant to invest as they fear it is an easy way to lose money, especially if you invest in the wrong product or project. However, setting aside a small amount of money and making an informed decision when investing can prove massively beneficial, and can help you earn large amounts of money in the meantime. For example, investing in crypto has never been easier and more straightforward, with companies such as Swftx doing the hard work for you. Furthermore, there are plenty of resources online that provide you with investing tips for beginners, that help you start off on the right foot.
Photo: Dan Counsell on Unsplash
- Use your talents
Do you have a specific skill set that could prove useful to others? For example, are you an experienced designer who can create striking logos? Or are you a writer who can produce quality content for blogs and websites? Focusing on your talents is a great way to earn money online. You can advertise your skills on websites such as Fiverr, which allows creatives to connect with clients in just a matter of minutes. The more work you do, the higher ratings you will receive and the more money you can earn!
Photo: Glenn Carstens-Peters, Unsplash
- Participate in Surveys/Market research
Participating in market research or completing surveys is another great way to earn money online, and it won’t take up too much of your time either. Search online for focus groups that are looking for people like you – for example, they could be looking for mothers aged 30-40. You will then be paid for participating in their research/studies, voicing your opinion and may even get to try out a few new products along the way. If you live close to a college, be sure to check out their website as students are often looking for paid participants to assist with their dissertations and reports.
Photo: Thought Catalog, Unsplash
- Sell, sell, sell.
Perhaps the easiest way to earn money online is to sell something. This does not necessarily mean you launch a company and begin selling products (unless this is your dream), you can also earn money by selling your old belongings – such as books, DVDs and clothes. You can now even sell your furniture. This is a great way to declutter your home and earn some extra cash in the meantime.
If you have something that you no longer need, it is far better that it is given to a person who will appreciate and use it as opposed to it gathering dust in your room. There are plenty of different ways to sell online – so do your research and find out which option is best for you.
Header Photo: Austin Distel, Unsplash