Many of us are currently being forced to consider our employment. While most of the world is on lockdown, we’re being thrown into new working environments. Some of us are working in our usual settings, with new social distancing guidelines to keep us safe. Others are working remotely for the first time. Unfortunately, some are unable to work at all. If you can’t work, you may be worried about your finances in the short-term, but also your future.
Will the business that you work with survive the current pandemic? Can it reopen when everything goes back to normal? Or, will you be left searching for new employment in the coming weeks or months? If there is one thing that we can be sure of right now, it’s uncertainty. We don’t know how long this may last. We are not sure when life will be able to return to normal. Moreover, we don’t quite know what that normal might be.
The ways that we make money are changing. This includes how we make money from home. We might not be able to carry on our side hustles in the same way. Any passive income streams you may have might struggle to make a profit. But others won’t be struggling. Some methods of making money from home are unaffected by COVID-19, or still profitable, despite everything.
Whether you already make money from home. Either with a home business, or as a side hustle. Or it’s something that you are wondering about for the first time, this is an excellent opportunity to explore your options. You might have more free time than usual. Whether you are off work or just limited as to what you can do socially. You are probably eager to find new ways to earn cash from home.
The Benefits of Earning Money From Home
If you can make money from home, you can always earn. Yes, it will have ups and downs. However, should the world ever find itself locked down again, you’ll still have a source of income. There are other benefits to earning money from home too. Here’s a look at some of them.
You’ll Save Money
Working from home isn’t just a way to earn money. It is also a way to save money. Especially if you can make enough to leave your current employment.
When you work from home or earn money from home via a passive income stream, you don’t have to spend money commuting, buying lunch out of the house. Or buying so many smart clothes. You will spend more on your home utility bills. But you can typically claim a percentage of these back as taxable expenses and make other utility savings to compensate.
You Gain Freedom and Flexibility
When you can earn money from home, you don’t have to do it from home. You’ll be able to move. Even travel, without impacting your work, or your earnings. If you can find ways to make a passive income, you’ll also earn when you take time off.
Save Time
When you do an eight-hour shift, do you lose just eight hours of your day? It’s unlikely. You might spend an hour traveling each day. Also that shift might not include an hour for lunch. A day in which you are paid to work for eight hours could cost you ten hours in terms of your time. If you can make your home income a full-time job, you might save yourself ten hours a week.
Work in a Way that Suits You
One of the best things about making money from home, especially if you can turn it into a full-time income. You work in a way that suits you. You can work in your sweats. Work late at night or early in the morning. Take breaks when you want to, and snack while you work. It’s all your call.
It Can Be a Great Side Hustle
Making money from home doesn’t have to mean creating a business. Or committing massive amounts of your time. It doesn’t have to mean taking risks or investing your own cash. It can just mean a fun side hustle that you make a little extra pocket money from. There doesn’t have to be any pressure.
You Could Take it Full-Time
However, it can be a career. Many of the totally legitimate money makers on this list could make you a full-time income if you want them too. Just remember, if you’re going to make big money from some of them, you need to put in the effort and the hours. Yes, there are passive ways to make cash, but you will usually be more successful if you work for it.
With all of that in mind, here’s a look at ten of the best, legit ways to make cash from home.
Blogging
Blogging can be a great way to make some extra cash. But, it’s essential to realize that it isn’t a get rich quick scheme. The bloggers that make the most money work long, hard hours, and have often been doing so for a long time. That doesn’t, however, mean that you can’t make a little cash from the off. Plus there are plenty of other great benefits to starting a blog. It’s a great way to learn new skills, meet new people. Finally, your blog can be an excellent outlet for anything that you have on your mind.
Investing
Investing can be an excellent way to turn your money into more money without too much effort on your part. If you can afford it, investing in real estate can be a great way to make your money work for you in the long-term. Take a look at the different things that you can invest in for other options.
Trading
Trading in stocks and shares is becoming more popular, as apps and other tools give beginners a great way in. Day trading can be a great way to make more out of your cash, and day trading for a living is certainly possible. Just make sure you get the right advice if you are new to it. And never invest more than you can afford to lose.
Freelancing
If you want to make money from home, freelancing is a fantastic way to do it. You could earn working as a copywriter, editor, or web designer, amongst other things. Think about the things that you are good at, and take a look at a freelancer site for some more ideas.
Rent Out a Room
Renting out a room in your house to a lodger. Or on a short term basis with something like airbnb, might not be possible at the moment. However, that doesn’t mean that it won’t be an option in the coming months. If you’ve got a spare room, or you spend a lot of time away from your house, renting all or part of it out can be an easy way to make a lot of cash.
Rent Out Your Parking Space
Parking in private lots can be costly. If you live in or near a big city or town, and you don’t need your parking space. Or you travel yourself in the week, leaving it empty, you may be able to rent it out on either a short or long-term basis. It’s an easy way to make a regular income from something that you’ve already got.
Surveys and Market Research
Taking surveys and taking part in online market research is unlikely to make you your fortune. But, it’s an incredibly easy way to earn a little pocket money. If you are spending your evenings sitting on your sofa watching TV, doing a simple survey at the same time could make you a couple of dollars. Do this every day, and it all starts to add up.
Find Work as a Virtual Assistant
Even before the pandemic forced remote working on many businesses, more of us were working from home or starting our own home businesses. This means that there is also an increased demand for virtual assistants. You could work for a home business or even a blogger. Carrying out tasks like maintaining their social media profiles, scheduling content, editing photographs, making videos, and replying to comments or emails. As a virtual assistant, you could work for one client for a few hours a week or on a schedule for many clients.
Write a Book
Writing a book can be tough. But, now that there are self-publishing options, actually getting it out there is significantly easier than it used to be. You won’t make your million first time, but getting your name in print is a fantastic start.
Sell Something
Selling things is always an excellent way to make money. Have a clear-out and sell unwanted goods, or sell all of those crafts that you’ve spent your lockdown days creating. You could even start an Etsy or e-commerce store if there is enough.
This article is a partnered post that contains affiliate links.