Do you want to start a business but don't yet have the funds? This might interest you. Are bank debts affecting your health?
And no, don't think I'm only talking about those who don't have much money; it has also been shown that this happens to the rich.
You can start eliminating some of that financial stress by earning extra income without having to quit your full-time job.
If you're looking for money or just want to find the best way to invest, you can start by doing the following.
How to earn extra money during a pandemic:
- Start a service company
Starting a service can be possible without needing a large online presence. The easiest way to begin is to tell people what you have to offer and ask them to help you become known.
- Investing in real estate
Becoming the "king of property" isn't always practical when you have a full-time job. But nothing is impossible, and you could look into buying a small house in another state and use it for vacations, then rent it out while it's empty!
The price is relatively "cheap," even if you hire someone to manage your rentals while you're away.
Commercial real estate can be a good way to invest and earn passive income. Start by investing small amounts.
- Launch your resources online
Leveraging Amazon's immense influence and creating your own online store is admirable, but managing it requires many things, such as finding suppliers, targeting your market, monitoring potential buyers (including complaints), and more.
Instead, you can sell and develop a product on Amazon without having to worry about it. Some sellers even ship their products directly to Amazon without ever having touched them first.
- Become a host
You can make money by "hosting" events. Choose a topic and organize it. The key is to get sponsors so you don't have to invest a lot of money.
- Get paid for what you do
Take advantage of your free time and become a master (literally) of what you enjoy doing. For example, I love skydiving and I can get certified to do it.
Teach people, offer training in exchange for their services, and get paid for it, provided you are qualified to do so.
See some tips:
- Online consulting
Consulting is a great way to capitalize on your professional knowledge. Your expertise in finance, law, psychology, marketing, business, administration, and other areas can be your tools to generate extra income or even a full salary during good months.
Be clear about your strengths within your area of expertise and target an audience interested in hiring you. Web tools that can help you give advice include:
Zoom: It's a very popular video calling platform.
Skype: A classic and well-known choice for conducting your consulting sessions.
YouTube: Upload videos sharing some of your knowledge, include your contact information for consulting services, and gain greater professional visibility.
Launchrock.com: A website specializing in designing a useful landing page (sales landing page) to sell your services without having your own website.
Canva: It's a design website where you'll find ready-made templates to create your business cards, advertisements, promotions, cover letters, and other professional documents.
- Sell products and information
Digital products are an effective and fun way to generate extra income. It's a product created from your knowledge, where you invest some time in its creation and then only have to focus on its promotion.
Infoproduct ideas: An e-book, Excel forms or templates, cookbook, resume formats, compilation of university notes, video courses, premium photographs, recipe books. And many more.
- Affiliate marketing
It's the most economically lucrative way to generate significant extra income. If you don't feel ready to create your own information product, why not promote someone else's?
To be successful, it's important to choose a good product that you feel connected to in order to sell it.
The websites with affiliate programs that we recommend you check out are: Hotmart, eBay, Amazon, Clickbank, Udemy, Domestika, and Etsy. They all have products for sale in Spanish.
See some tips:
- Transcribe audio
If you have some free time, try transcribing audio to text to earn extra income.
Working on transcription requires a high level of professionalism. It's important that you read the instructions carefully, use good grammar, and respect deadlines. You'll also need headphones and a lot of attention to detail.
- Research
One of the quickest and easiest ways to earn extra income is by filling out surveys. Despite all the myths surrounding them, it's still a legitimate and proven way to get extra money at the end of the month.
Earnings depend on the time commitment and the availability of research opportunities in each country.
- Create a niche blog
Although this idea might generate some extra income initially, if you do it correctly, you could generate enough income to live off your blog.
- Sell what you no longer use on OLX
You probably have things you no longer use that only gather dust and get in the way around your house.
You don't want to give it away because you feel this is a way to learn how to invest your money, but you don't know where or to whom to sell it.
