How Freelancers Can Save and Earn Money During the COVID-19 Pandemic
Let’s talk about the Earn Money During the COVID-19. The first quarter of 2020 saw people all over the world dealing with the outbreak of COVID-19 brought by the novel coronavirus. To stop people from moving around and avoid exposure to the virus, governments have ordered schools to close early, put communities on lockdown, and asked non-essential businesses to stop or reduce their operations.
A lot of people were hoping that the situation would soon improve so that quarantine rules can be eased or lifted in no time. However, as months passed, access to the outside world is still limited.
As the quarantine situation continues in many cities, towns, and states, more and more people are looking for ways to stay productive at home and earn an income even during the COVID-19 pandemic.
In the workforce sector, freelancers are one of those who are quite fortunate to have different opportunities for making money despite what’s going on. Since they have been in the industry even before the outbreak, they still get work and paid by clients who have not been severely affected by the health crisis.
Plus, with their internet connection, they can go online and look for additional projects from various websites and platforms that are dedicated to freelancers and professional contractors.
Along with a steady and reliable Wi-Fi, freelancers require machines like laptops or a desktop computer that they can use while working. Hopefully, they have already invested part of their earnings in affordable equipment, so they won’t need to stop taking on freelance projects.
A refurbished MacBook, for example, is a great way to make and save more money because it can be bought at an affordable price. MacBooks are generally powerful machines, so freelancers can do more work without spending too much in getting one of them.
Several other methods will allow you to earn an income or save money amidst the COVID-19 pandemic as a freelancer. Here are some of your most attractive options:
- Answer surveys
Businesses and other organizations are offering small sums of money to people who participate in their surveys. These surveys aim to get insights about a variety of things—from consumer behavior to health choices and political views.
Some websites will pay you for watching ads, after which you need to answer a few questions about them. These kinds of money-generating activities are worth doing since they’re relatively easy and don’t take a lot of time to complete.
You can sign up to receive surveys in your email, and then you’ll set up an account where you accumulate points or credit that you can redeem later on. Plus, each time you refer someone to the company in charge of online contests or surveys, you’ll also get paid once your referrals start earning points.
- Sell something online
Online selling remains a lucrative option, especially because most stores are yet to open. You can start by selling your old stuff either in online marketplaces or within your networks, such as your family and friends.
You can also use it to your advantage if your neighborhood has a group page on social media. Simply promote whatever product or service you’re selling on that page, and just wait for interested buyers to contact you. This kind of local selling business can be extra profitable since you don’t have to spend much on shipping or delivery costs if your customers only live nearby.
- Trade stocks
During a financial crisis, it’s reasonable to think twice about studying stock market statistics and investing in stock trading. However, industry experts will advise you to think of long-term gains and tell you that volatility is one of the drivers in making money in the stock market.
If you would like to start conservatively in trading stocks, you can try the following options:
- Day trading, which involves buying stocks when they’re undervalued and then keeping track of hour-to-hour price movements to know if it’s time to sell
- Swing trading, wherein you wait a few weeks or months for stocks to peak in value before selling them
- Shorting, or borrowing stocks that you can sell and later on purchase at a lower price
- Connect within and outside of your network
Needless to say, staying at home during a pandemic gives you more time for things that you may not have been able to do as much as you would like. These may include getting in touch with people who are important to you, like family, friends, past and present colleagues, and so on. Its help to Earn Money During the COVID-19
Not only is this a great way to practice empathy and feel that sense of connection with others, but it’s also during these times when you get to exchange ideas about things you still want to do in the future. For example, you can talk about that long-overdue business proposition with a potential partner, or perhaps get referral projects from someone in or out of your network.
Final Words
The COVID-19 pandemic may have put so many lives on hold, but these challenges will soon come to an end. Until then, you can still be productive, earn at home, and save money in many different ways.