There’s no denying that the pandemic has forced us to make some drastic changes to the way we live, work and play. To make matters worse, the economic shutdown has spurred a number of layoffs and furloughs. Many have been forced to dip into their emergency funds and make some tough money decisions. You may have even started brainstorming clever ways to make money.
In this uncertain environment, finding an additional source of income may be more crucial than ever. Adding more money to your bottom line can help hold you over until the economy gets back on its feet. Here are 10 clever ways to make money during the lockdown:
1. Sell your things
Use the extra time on your hands during the lockdown to declutter your home. You may find clothes, books or electronics that you no longer have any use for. If these items are in good condition, you can sell them online for some extra cash.
Amazon and Craigslist are good places to start. For more specific items like clothes, websites like Poshmark and thredUP allow users to list their clothes for sale. Electronics like smartphones and tablets can be sold on uSell or Gazelle.
2. Online Surveys
With stay-at-home orders in place, you may find a lot of free time on your hands. You can use this time to fill out online surveys and make some cash. Depending on the time and pay, the time for each survey can vary between a few minutes or hours.
This is a great way to make a quick buck for any extra expenses. Some companies also offer discounts and rewards in addition to payment for taking their surveys. Save The Student offer The 20 best paid online survey websites.
3. Affiliate Marketing
If you are into blogging or have a website up and running, affiliate marketing is a great way to make money. All you need to do is sign up for an affiliate program on a platform of your choice.
You will add a link on your website to the brand’s product or services. Every time someone buys the product or service by clicking on your link, you will earn a commission on the sale. This is a good way to earn passive income during the lockdown.
4. Share your skills
Need clever ways to make money? Start thinking about things you can do, that others can’t.
If you are an expert in a certain skill, you can use your free time to share your expertise with others virtually. This could be anything from tutoring to writing or even crocheting. There are a number of platforms like FlexJobs, Craigslist, Fiverr, Indeed or PeoplePerHour where you can contribute your skills. These jobs can either be part-time or full time and can pay between $12 and $20.
5. Start a YouTube channel
This ties into the previous point. If you have a special skill that you can showcase to the world, a great way to make money while doing this is YouTube. This platform lets you add a visual appeal to your skill while reaching a bigger audience.
This is one of the clever ways to make money because you need to think outside the box. Pick a niche or skill that you have a passion for and start recording yourself. There are videos for almost everything these days from playing an instrument to painting. The only caveat to this is that it may take a while to make money from this. But, once you build an online presence, you can monetize the video with affiliate links.
6. Become a social media manager
In today’s digital age, having an online presence is more important than ever. This also means that jobs for social media managers are endless. As companies continue to reinvent their brands to adapt to a ‘new normal’, they are likely to invest in a social media team. If you have a creative eye and love all things digital, this is a great way to make money from the comfort of your home.
7. Try dropshipping
In the era of e-commerce, online shopping has become more of a necessity than a choice. This makes dropshipping a good way to make money in today’s remote environment. Dropshipping is when the products are shipped directly from the supplier to the customer.
These stores can be operated from a personal website or on platforms like Amazon. It is also a safe option if you are a first-time business owner. All you need to do is set up an online store and connect with suppliers in your niche. Orders made for products on your platform will be shipped by the supplier.
8. Sell your photos
If you love photography, sell your photographs for some extra cash. Numerous platforms allow users to post their pictures for free. If someone downloads your picture, you get a commission from the website. These could be pictures of anything from pets, to landscapes or people. A few great places to host your pictures include Shuttershock, Alamy or Etsy.
9. Invest your money
They say it takes money to make money but this isn’t always the case when it comes to investing. While the market may be volatile right now, it also presents a great opportunity to buy stocks while prices are low.
Businesses will eventually return to a new normal post-pandemic and there are gains to be made when they do. Safe investments like bonds and mutual funds are also a good way to make money during the lockdown.
10. Join the gig economy
The need for essential workers has increased since the start of the pandemic. With lockdowns in place, businesses need workers to deliver products to their customers. If you are looking for a part-time job, consider working for companies like GrubHub or InstaCart. Gig workers can make a couple grand each month on these platforms.
As the future remains uncertain, the need for greater financial independence is important now more than ever. Whether you are searching for employment or looking for an additional source of income, we hope this guide gives you some ideas on the clever ways to make money during the lockdown period.