With the onset of the global pandemic, millions of people lost their jobs along with their steady income. The private, as well as the public sector of the world economy, has been hit radically. Predictions made by the World Bank and International Monetary Fund say that the COVID-19 pandemic will have a long-lasting effect on human capital through unemployment, plunging the world into the worst global recession since the mid-20th century.
However, even at these difficult times, all hope is not lost! Because we bring you five businesses that you can choose to invest in without any pre-requisite training or experience, all at the comfort of your homes following the social distancing norms!
I. Sell your skills online!
Do you have a hidden talent? Perhaps a hobby you’d like to share?
You can get paid to teach your skills to thousands of people online!
Now that the lockdown has everyone confined to their homes, a massive amount of people have taken their learning online. From cooking to coding, mentees are waiting to learn something new!
II. Freelancing
With office buildings closing down and minimal "face to face" interactions, the job market has quickly shifted online. All you need is the dedication to work. Build your profile, brand yourself, and get hired to do what you do best! It may take a while to earn large sums of money as a beginner, but as we all know:
"Good things come to those who wait. But even better things come to those who work for it!"
III. Affiliate Marketing
Do you have marketing skills?
Join an affiliate program and promote the goods or services of another party by sharing referral links, and get a commission on every successful sale! It is a boon for those who are looking for a quick way of generating income, as all you need is a good internet connection and your preferred device, be it a smartphone or desktop. Affiliate marketing is a $12 billion industry, with companies such as Amazon, eBay, etc. providing affiliate programs.
IV. Surveys
There are several websites online that pay you for completing surveys, taking offers, downloading free games, making online purchases, watching videos, etc. All they want is your trusted opinion on their products, goods, and services. Get rewarded in the form of Amazon Gift Cards, PayPal, or discount coupons for your online shopping!
Although a great way to make a quick buck, there are plenty of sites that scam you into sharing personal details or never pay you for completing surveys. So make sure to verify if the site is reliable before filling in surveys!
V. Start your own channel on YouTube
YouTube has become immensely popular in the last few years and has become a benchmark for the people who wish to showcase their talent or do product reviews or launch a cover version of their favourite song or motivation video to inspire people or any other kind of stuff to the world and that too 100% free (Isn’t that amazing?). You can start with creating your own YouTube channel and if your stuff clicks you can actually start earning from google with the help of Ad’s and various other medium’s. So give it a try and become a YouTuber.
Conclusion
Almost every sector of the economy has seen an impact of pandemic in its own way and it has only led to a long term unemployment and of course the widening of the gap between the rich and poor. But interestingly there are some options which can help you to overcome the situations of financial crunches and disparity. Do check the options given above and make you choice now.
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