There’s no denying the COVID-19 pandemic has been terribly hard on people. Even if you didn’t get the disease chances are, you either lost your job or have been furloughed for a while. Even with Pandemic Unemployment Assistance and the occasional stimulus check, it’s been hard for people to pay their mortgage or rent. Especially for those paying their mortgage down early .
But for some lucky homeowners, age 62 or older, they’ve been able to tap into their home equity via a reverse mortgage. After loan approval, they’re able to accept the cash in one lump sum payout or they can receive partial payments every month. This much needed extra cash has been a blessing for many during these uncertain financial times. You can see what your rates and incoming payments would look like with this reverse mortgage calculator here: https://reverse.mortgage/calculator .
But for those who aren’t fortunate enough to tap into their home equity, they’ve had to resort to more creative ways to make extra money. It hasn’t been easy. According to a recent report, with all the fear, uncertainty, and doubt (FUD) that’s surrounded the fatal virus, the global lockdowns and financial downturns that’s resulted from it, have made our lives much more difficult and stressful. If it’s hard for you to think creatively during stressful times you’re not alone.
Before you dip into your retirement fund , know that there are other options. For those of you who can manage to think outside the box of your garden variety 9-5 day job, here’s a few ways to generate some great income online during and after the COVID-19 pandemic.
Start a Blog
Starting your own blog is perhaps one of the easiest and cost efficient ways of making money online. You can establish your particular brand of authority in your desired professional space. You can also curate blogs on topics your potential audience will find engaging.
Just make sure to be consistent with your posts by putting them up regularly. You can make money through your blogs via affiliate marketing, influencer marketing , and by directing traffic to your own products such as eBooks, clothing, coffee, music, etc. The possibilities are endless.
You might want to even start a blog on hacks to make a quick buck.
If you have a flair for art, you can put it to work by designing logos for businesses and organizations. Never before has it been easier to come up with designs using online software like Adobe Illustrator and CorelDraw.
How do you start? You simply approach a small business either in person or online via LinkedIn. Have some samples handy along with a quick bio that demonstrates your talents.
Lots of people have been selling products online through stores like Amazon long before the pandemic hit. It doesn’t take much money if any to start. All it takes is time and effort on your part. You can either produce your own product, or you can purchase products then resell them.
If you are truly resourceful, you can create your own online store for other E-Commerce experts to utilize for selling their products. You simply take a cut of every product sold.
Says Yourstory.com, so long as there are products to sell and people willing to spend money on them, businesses need to make those products both understandable and attractive to the buying public.
Enter content writers. You don’t need to be Shakespeare to be a content writer. You only need to have appropriate writing ability. If you’re a great writer, all the better since you will likely get through a lot of assignments fast and efficiently. Content marketing tends to be inexpensive, but it generates lots of leads making it a favorite tool among online businesses.
Writers/authors who publish eBooks independent of traditional publishers require professional looking covers, skilled editing, and exceptional written content. That is, they expect to build a following. Good eBook designers and editors are said to be worth their weight in gold to authors willing to pay thousands of dollars for their services.
If you know how to copy edit, content edit, and you can manage the ins and outs of Adobe InDesign, you can create great eBooks. If you know how to create illustrations, you will be even more popular among independent authors.
Social Media Marketing Manager
Never before has social media marketing taken center stage than during the pandemic. Since lots of people are still staying home even at this late stage of the pandemic, social media marketing or SMM, has reached new heights of importance. If you’re particularly good with social media marketing, you might as well get paid for it. Perhaps you know of a busy businessperson or author who desperately needs to market online but they just don’t have time for it. Your professional social media marketing manager skills just might be the perfect solution.
A competent manager will pay attention to the analytical side of the market, while creating reports, and building marketing and influencing campaigns. Just as importantly, they will openly engage with your audience and potential clients.