10 Ways to Earn Money from Home

Are you one of the people affected by layoffs and the loss of job security during this pandemic? As more businesses are closing their doors at the start of the pandemic, the unemployment rate rose to 14.8 percent from a five-decade low of 3.5 percent. It might have fallen to 6.3 percent in January 2021, but it is still considered high. Did these figures also affect your industry, causing you to start looking for extra income or a different job?

Studies have shown unemployment is higher in industries that require in-person services. The biggest loss can be seen in the leisure and hospitality industry. Other businesses outside the said industry also showed signs of growing unemployment. If you want to be proactive, you might want to start to earn money from home.

Here are 10 of the common ways to earn money while working safely from home:

1. Teach English

As a native English speaker, you already have the necessary qualification to teach English for a living. There are many English tutorial websites you can sign up for, mostly with flexible schedules that you can set on your own. You might teach English to Chinese, Taiwanese, or Japanese students.

2. Sell Photos

Do you love taking pictures? Try to sell them to stock photography websites, where editors, designers, and website owners can browse and buy them. Your photos will continue making money every time someone wants to buy them.

3. Write

If you’re passionate about writing, you might want to consider writing high-quality content that people want to learn from. As more businesses start to realize the importance of content marketing, more writing opportunities have become available. If you’re experienced in a specific niche, allowing you to add an insider insight into what you write, it’s what clients want. Put that knowledge into good use.

4. Teach Through How-to Videos

Share your know-how through clear and straightforward YouTube guide videos. Earn money from home with your expertise honed over the years through step-by-step videos that are easy to follow. You can make money once you’ve monetized your channel.

5. Start a Podcast

Just like the how-to videos, you can do the same with a podcast. Earnings come from commercial sponsors or sales from products you advertise through your podcast.

6. Dropship

When a customer orders, you only need to forward that order to the supplier, who will then send the product to that customer. There is no need to worry about putting up a warehouse or investing a capital when you don’t have the actual product.

7. Develop an Online Course

Share your knowledge and expertise and earn from it. First, find out what your target students want to know. Second, read reviews of similar courses, determine what the audience loved and hated about them. Then, resolve the complaints and enhance the good things about these existing courses. You can sell your courses at sites like Udemy, upload them, and promote them. You can also upload your courses on your website, but be prepared to intensify your promotions by running ads, building email lists, and more.

8. Answer Online Surveys

Make better use of your time online by answering surveys. Share your opinions and complete surveys often conducted by brands. Some require that you perform particular tasks or install apps so you can claim the cash.

9. Transcribe

Do you have good listening skills and type fast? Apply as a transcriber who earns per audio hour, referring to the length of time of the audio file. The faster you type and the clearer you can make sense of the words despite the background noise, file quality, and the speaker’s accent, the more money you’ll earn.

10. Sell Your Things

If you’re unemployed and need a quick infusion of cash, consider going through your stuff. You might find things you don’t need anymore, such as unused handbags, shoes, clothes, furniture, or gadgets. Take great photos of your personal items, edit them, use a white background, and sell them online. There are lots of online stores where you can find potential customers. You don’t even have to go out of the house for meetups. Arrange for deliveries instead.

Bonus: Work as a Freelancer

Take whatever you used to do for your day job and find its counterpart online. Today, some of the most popular freelancers are writers, graphic designers, tutors, virtual assistants, and developers. You can find potential jobs at sites like Upwork, Fiverr, Freelancer, and more. Build your portfolio until your experience helps you command a higher rate to help you earn more.

There are a lot of money-earning opportunities online. Take stock of your skills and experiences and explore what you can do with them that will earn you money. Capitalize on your writing skills, photography skills, old stuff, entrepreneurial prowess, and more.

The future is unpredictable and we have to be equipped to handle it. These financial lessons from COVID-19 might be also of great help.