Millions of people all over the world have already lost their jobs due to the coronavirus pandemic. According to the Federal Reserve estimate, it is only the beginning of a crisis. The unemployment rate is higher than ever these days, and a lot of people are looking for ways to support their families.
The results of the coronavirus crisis can be devastating for many entrepreneurs. However, it should not stop you from having a stable source of income and feeling secure.
It is a turbulent time for everyone, but putting your life on hold is not an option. There are a lot of ways to make money legally without any health risks. Learn more about it in the article below:
Delivery service
Due to the coronavirus outbreak, a lot of people are trapped in their houses. It is a great opportunity to start a delivery business. You can either register in the existing delivery systems as a courier with your own vehicle or offer your services online independently. Taking appropriate precautions like disinfecting your hands and wearing a mask will help you to protect yourself from coronavirus while working.
Besides the delivery service, you can also consider the option of becoming a Uber driver. Once your account is disabled, you can set your working hours and earn decent money. A lot of people are hesitant to use public transport now, so it’s your chance to make a few bucks. In order to prevent the spread of the coronavirus disease, follow safety guidance:
- Disinfect your vehicle before and after every client.
- Ask passengers to wear masks.
- Don’t drive with more than one person at a time.
If you don’t want to leave your house at all, there is also an option to rent your car to someone else.
Online business
Internet connection is salvation for millions of people – you can learn, work, meet your friends, and keep yourself entertained online. That’s why setting up an online business should be a high priority on your list. No one knows when the treatment for coronavirus will be found, so grab this opportunity now.
If you are not able to invest in your online business, start with providing services online. You can become a copywriter and sell your articles all over the internet. Another idea is to create how-to videos, workout videos, or start a podcast.
Write down all your skills and interests to find out what you can monetize. When working online, you should understand that your client base has no limits.
If nothing comes to your mind, you can always get paid for speaking English fluently. Don’t worry if you don’t have any teaching experience – some people are eager to pay for a conversation with a native speaker without going into grammar rules.
Also, you can become an audiobook narrator, proofreader, or interpreter. Having a skill-set can help you to generate different sources of income in a time of plague. Many people still have jobs, and they will be eager to pay for your services no matter where you are.
Resale business
The stay-at-home policy is an opportunity to clean your house, get rid of appliances and clothes you don’t need anymore, and make some money on it.
Look for unwanted items around your house – jewelry, clothes, electronics, and old furniture. You can write a detailed description, take a couple of photos, and sell your items on eBay or Amazon. To become a trustworthy seller, make sure to add accurate information about the goods you are selling. Also, consider listing your items on different websites in order to find buyers faster.
Investment in stocks
Some stocks are doing pretty well, so why not become an investor? For instance, Zoom and Teladoc Health stocks are increasing every single day due to high demand on the market. Both companies allow users to get their things done without leaving their houses.
Another company that is doing well on the market is Clorox. You should not be surprised – people need deep cleaning and disinfection service more than ever now. Experts estimate that Clorox’s stock price will rise high in the near future.
The bottom line
Living in times of crisis should not stop you from making money. If you lost your job due to a wave of dismissals, and don’t feel secure financially, look for ways to make a living during the coronavirus pandemic.