So many infections passed through mankind, but it looks like no other virus managed to wipe up the economy, as COVID-19 did. Millions of people around the globe were left jobless.
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So, naturally, we ask ourselves, is it still possible to make money online after this crisis?
The answer is – yes.
We have spent so long under a lockdown, that we cannot use a “lack of time” as an excuse. Now it’s the right time. Remember, that all the great corporations you see today in the US, had started after the great depression or after a crisis.
So let’s fasten our belts and maximize our money-making potential. There is no better time than now.
Here are some simple ideas on how you can start making money online right away, after the 2020 coronavirus crisis.
Get Into Affiliate Marketing Business
While coronavirus was shaking up markets and consumer behavior on a massive scale, affiliate marketing is one of the business niches that seem to survive in the long run. Why? Because people will always be buying something.
If you run an affiliate marketing business in the cosmetics niche, you can easily adjust your business and start selling hand sanitizers. If you were using affiliate marketing to connect customers to a fashion store, you can start promoting designer face masks, in a blink of an eye.
With affiliate marketing, you are not bound to a specific store or supply chain, which makes this type of business the most flexible and immune to any type of economical crisis.
You can either sign up for any existing affiliate program and start promoting physical/digital goods that are already out there or launch your own affiliate network (for example, using Scaleo‘s platform).
Needless to add, that running your own affiliate network is a bullet-proof way to generate passive income online.
That way, you are not tied to promoting a specific product, nor obliged to pushing it forward. You simply generate a % from someone else’s transaction. There are hundreds of online tutorials and guides as to how you can get started.
- Quick Tip: A great pitch. When you create a sales page or send a newsletter pitching to a potential client, pay close attention to the details. Do thorough research about the customer and offer the product you have, in a way that will suit them best. Remember, they must feel that they need you or your product, more than you need them!
Become an Online Tutor
We all have expertise in something. It could be anything you practiced long enough, so you can pass your knowledge on to someone else. English language, online marketing, art or history, other native languages, design, drawing, etc. You could even teach people to cook or clean if that’s where your experience lies.
All you need is basic communication skills coupled with an internet connection. Of course, you may have to upload certificates to prove your knowledge and soft skills, but this is generally not a problem. Online lessons can be held daily or weekly, therefore it is a convenient and flexible option.
Many people had great success teaching via Skype or Zoom during the Covid-19 lockdown.
- Quick Tip: Set Rates Appropriately. Many websites allow you to manage your own rate for the service you provide. If this is the case, always study the competition. Find out the price range charged by other online teachers. Compare their experience or skills to yours, and then set up your rates. The last thing you want to do is put an unrealistically high price tag on your service and wait forever for the first student to come along. I also recommend you check out Udemy, Coursera, and Skooli for tutoring gigs.
Become a Content Writer / Creator
If you have 4-5 years of elementary school education, most likely, you can write. Why not do it for money?
You may have noticed that content is being outsourced continuously, regardless of the crisis. High-quality content is not only immortal, its value keeps rising over time.
If you’re an enthusiastic author, content writing is the safest way to go. Reports, blogs, news columns, magazines, emails, website pages, stories, anything!
Content is needed virtually everywhere. People need written text on every website or platform, including social media, where new descriptions and captions are expected every day. If you can write, and you are good at it, you will never be out of work.
- Quick Tip: Create Awesome Content. Regardless of the niche you choose, creating amazing content is the fundamental step to form credibility. Use social media websites like Quora, LinkedIn, Instagram, or Facebook to publish your content, if you don’t have a blog to display it on already. Choose a platform depending on your target audience. Whoever will decide to hire you, would want to see previous samples of your work, and it has to be phenomenal! You can start browsing available jobs at Freelancer or Fiverr.
Become a Transcriber
While copywriting requires a creative approach, a transcriber is someone who simply converts audio into text. Many platforms or individuals will be happy to pay you just for creating a text version of their online course, video, presentation, or lecture.
This is a truly routine and mechanical job. You could do it while having a break from your daily job, or even in the evenings or weekends.
Listening to audio and writing it down requires zero skills, knowledge, or experience. You shouldn’t even worry about typos, because today’s autocorrect tools will not allow any misspelling to slip away.
- Quick Tip: Sell Yourself. This is an extremely important step to land a good job. If you underprice yourself, you will not be paid enough, or you may miss the opportunity altogether. Remember, that you should always come across as a self-confident person who believes in his skills, even if you apply for a mundane work like transcribing. Also, check out the perfect online resources at TranscribeME, Rev, and Go Transcribe.
How to Find the Perfect Side Hustle?
There is a fast process you can follow to determine the best side gig for you right now:
Step 1: What Can You Do?
Write down a list of your skills, and things you can do online from the comfort of your home. Include every task you can possibly do or be outsourced to. The skill that is supported by a qualification of any kind is an ideal option. List all your experience, languages, and skills.
Step 2. What Will You Enjoy Doing?
The fact that you are able to do something, doesn’t mean you want to. Even if the financial situation is pressing, I highly advise against starting a job doing what you dislike. Not only it will create frustration and resentment, but you will also be unable to perform the task properly. Aim for finding the sweet spot between:
- What you enjoy doing.
- What you do better than others.
Step 3. Have Realistic Expectations
The last step is probably to keep your feet on the ground. Be realistic about how much time you can invest in your online business or a side gig and how much you expect it to bring in. There are countless success stories from people who managed to create an online affiliate business or converted their hobby into a multi-million dollar enterprise.
But not everyone makes it on a big scale.
If working from home will allow you to pay for a decent life regardless of the crisis outside – that’s not a bad starting point.
While the Covid-19 crisis managed to interfere with almost all aspects of our lives, there are still niches and businesses that manage to prosper. The opportunities are countless if you only open your eyes to them.
You can start your online business anytime, and possibly make more money than ever before. Think creatively, think of a problem you can solve for others, and how you can address it through any of your online means. Good luck!
“It’s not the lack of resources, it’s your lack of resourcefulness that stops you.”– Tony Robbins
Last Updated on June 27, 2020