Given the current state of the world, many folks at home have been scrambling to find alternative sources of income. Fortunately, the rapid development of technology – particularly in terms of online tools – has made this task easier than ever before. If you’re in need of ways to supplement income that’s been lost to the current crisis, read on.
Online Garage Sale
Nowadays, you don’t need to open up an actual physical garage sale if you want to sell some of your stuff from home. If you have your own Facebook profile, you might not need to look far to start a garage sale on the web. In a report by The Verge, Facebook Marketplace is making online selling easier by introducing artificial intelligence (AI) algorithms that can automatically identify items put up for sale on the social network. This simply means that users who post with the intention to sell will have an easier time categorizing their items as well as finding potential buyers. And through the use of delivery and logistics companies, there are different ways to get your sold items delivered to your fellow Facebook users.
Much like the local buy and sell market, foreign exchange (forex) market trading is becoming more and more accessible thanks to new tools being made available online. In an FXCM breakdown of forex trading, the online financial portal notes that beginners in the foreign exchange market can attend expert webinars that can help develop key habits for success – useful for both amateur and veteran traders alike. Apart from webinars and training courses that can help you figure out and develop your trading strategies, there are also a variety of live charts, trading platforms, and other foreign exchange resources that can start and keep you on a profitable trading path. And with all of these resources available online you can easily teach yourself and trade from home.
Teach an Online Class
Another effect of the current crisis is that videoconferencing has become the norm. Apart from corporate meetings, videoconferencing apps have made it easier for different types of instructors to conduct their business online. Today, perhaps the most prominent name in videoconferencing is the company and app called Zoom. Criticized for its many security issues, Zoom has recently rolled out a new security plan aimed at addressing the concerns of its still-growing number of new users. With that being said, you can use Zoom or other similar apps to start teaching online classes from home. Whatever skill you know you can teach, whether it’s copywriting, yoga, or painting, there’s bound to be a market for it online, especially now people are spending more time at home.
Apply to an Online Job
Right now, the competition for online jobs is extremely fierce. However, remember that if you can do it on a laptop or a computer, then you can do it online. This means that even if the competition is fierce, you have nothing to lose (and everything to gain) by simply submitting your resume and cover letters for web-based jobs that can be done from home. If you’re not interested in teaching online classes, you can explore being a virtual assistant, a web content writer/editor, or even the social media manager for certain brands. And with more companies looking for remote workers, working from home has never been more widely accepted and profitable.
These are of course just a few of the many different ways to earn an income from home. As we detailed in our article on ‘Planting Money Seeds’, activities with the potential for profit can come in all shapes and sizes. If none of the above methods are working for you, keep exploring and looking at your own skills and resources for money-making inspiration.
Disclosure: I am/we are long $AAPL, $ADM, $BG, $BP, $BUD, $CALM, $CAT, $CMI, $CTL, $DAL, $F, $FAST, $GE, $GT, $JNJ, $IBM, $INGR, $KHC, $KO, $KSS, $MMM, $NWL, $PFE, $PG, $SBUX, $SJM, $SPTN, $STX, $T, $TSN, $UPS, $WFC, $WPC, $WRK, $WY, $XOM
Disclaimer:(1) All the information above is not a recommendation for or against any investment vehicle or money management strategy. It should not be construed as advice and each individual that invests needs to take up any decision with the utmost care and diligence. Please seek the advice of a competent business professional before making any financial decision.
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