5 Ideas to Make Money Right Now During Coronavirus Pandemic (2024)

Worried about the current economic situation and how it will affect your finances?

We know this can be overwhelming…

But don’t let fear consume you!

Now is the time to be resourceful: to find ways to cope and create financial relief!

The good news is that there are always opportunities to turn your skills and passions into money-making activities.

Let’s go over these five powerful ways you can create an additional income!

5 Ideas to Make Money Right Now

#1: Start a Side Hustle

Did you see this one coming…?

There’s no secret we love network marketing. It’s our favorite way to generate recurring income. Similar to affiliate marketing, you earn a commission when you refer a product. The more products you refer, the more money you make. Every time your customers make a purchase, you’ll get paid.

Now, there’s a difference between affiliate marketing and network marketing.

Let’s say you refer a book. People will only buy it once⁠—not every month. On the other hand, most network marketing companies offer products or services people have to continue to pay to enjoy. Which means you get reoccurring commissions.

And the best part?

You don’t have to manufacture or ship the product. And you don’t have to deal with accounting, hiring, and firing people. You partner with a network marketing company and they take care of all of it for you.

Plus…you can introduce other humans that want to make money and build a strong sales team.

Pro Tip: If you’re already inside a network marketing company, double down on your efforts. If you’re curious about joining one, identify one that has an amazing product line that you can get behind.

#2. Become a Freelancer

There are so many ways in which you can monetize your time and expertise. Head over to platforms like Fiverr.com, 99Designs, Upwork.com, HireMyMom, Guru.com, etc., create an account, and start bidding on projects that require your skillset.

You’ll be surprised how many online jobs are out there, and what tasks clients will pay you to do. Whether you’re good at graphics, social media, virtual assisting, bookkeeping, translating, or writing—you’ll find plenty of work on these platforms.

#3. Find Local Offline Jobs

There will always be a high demand for offline jobs such as Uber drivers or grocery delivery people because we need amazing people to do them.

What’s something you love to do that you could help others with? Whether it’s babysitting, housekeeping, tutoring, dog walking, private fitness training, or gardening, there’s someone out there who needs your services.

Pro Tip: Get the word out to your community. Do a Social Media post and let people know you’re offering your expertise.

#4. Leverage Affiliate Marketing

That’s what we did when we first started building a personal brand on social media and building influence. There were books, tools, courses, and programs we were using and believed in. So we would refer them and get paid commissions.

Affiliate marketing can be very lucrative for micro and macro-influencers since most of us have things we recommend anyway—so why not get paid for it? However, if you’re just getting started with building your brand and influence online, we would recommend you leverage the other tips to generate more money quicker!

Want to see an example of how we put this idea into play? Check out our resources page here where we share our favorite tools, books, and resources for building a profitable online business.

5 Ideas to Make Money Right Now During Coronavirus Pandemic (1)

#5. Declutter and Sell

5 Ideas to Make Money Right Now During Coronavirus Pandemic (2)

When was the last time you truly cleaned out your house?

According to Psychology Today, people tend to feel anxious, helpless and overwhelmed when they surround themselves with more things than they can manage.

Reselling stuff you don’t use anymore is a great money-making activity for the whole family. Do you have kids at home right now? Help them go over some of the old sports equipment or toys they’re not using anymore.

There are different apps on the market, such as OfferUp, Mercari, Poshmark where you can sell anything from cars, furniture, electronics, clothes, and accessories—and make some extra cash.

Our teenage son, Dylan, made a little over $1,700 in 2 weeks by selling his gaming PC, old baseball gear, and some other somewhat valuable items on OfferUp, Mercari, and SidelineSwap. We guided him to success by helping him take sharp photos (good lighting is important!), created a really good description, and highlighted the value of the items (we still had the Amazon receipts). How cool is that?

These were our ideas to help you create some financial relief.

Let us know what was your biggest takeaway from this training in the comments. And share it with those who need to hear this!

Additional Resources toHelp You Build Your Business:

  • Stop Procrastinating: How to Stay Motivated and Productive
  • How to Build Confidence and Conquer Imposter Syndrome
  • You Can Become a Top Earner Too: 7 Daily Tasks for Success
  • How to Build a Profitable Network Marketing Business in 60 Minutes a Day
  • LIKE Our Page to Plug into our LIVE Videos Here

Want to Know What Tools We Use to Build Our Business and Our Brand?

  • Resources– weoften get asked what tools weuse and recommend, so weput together one page with all ourfavorite resources. Enjoy!

Feel free to share this with anyone who might enjoy it and also comment below on your favorite tip or your biggest takeaway. We can’t wait to see your comments!

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Email:support@mylifestyleacademy.com

We are home business and lifestyle experts, personal branding and online marketing strategists. We pride ourselves on helping thousands of entrepreneurs and network marketers all over the world build their home business empire leveraging Social Media.

5 Ideas to Make Money Right Now During Coronavirus Pandemic (4)

PS: Listen up! Each Week we Bring You the Most Current Social Media Tips and Strategies, Interview Top Industry Leaders and Share Real-World Advice. Join us and Get Everything You Need to Build a Profitable Home Business Around your Life.

If you enjoyed 5 Ideas to Make Money Right Nowbe sure to like, share or comment below! Let’s crush it!

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5 Ideas to Make Money Right Now During Coronavirus Pandemic (2024)

FAQs

What business can you recommend in this pandemic crisis? ›

An online retail store will ensure that the business keeps running and that items continue to be sold. Having an online retail store will also boost a brand's online presence and widen its reach. Why it's a pandemic-proof business: People can browse products and place orders 24/7.

How to save money during COVID? ›

Budgeting and Saving Money During the Pandemic
  1. Get ahead of the curve and reevaluate your budget right away. ...
  2. Seek help from outside resources. ...
  3. Call your insurance providers to see if they offer any plans that are less costly or shop around. ...
  4. Try ordering out less and plan your meals ahead.

How to make a little extra cash from home? ›

Here are 10 opportunities to make extra money from home:
  1. Try affiliate marketing. ...
  2. Sell artwork and designs online. ...
  3. Get cash back from shopping apps. ...
  4. Be a copywriter or editor. ...
  5. Consider being a data entry clerk. ...
  6. Freelance your skills. ...
  7. Become an online blogger. ...
  8. Take online surveys.
Apr 8, 2024

How to make money sitting on the couch? ›

10 Ways to Make Money From Your Sofa
  1. Copywriting. Copywriting involves writing various forms of written 'copy' or content for clients. ...
  2. Blogging. Another option for avid writers could be to start your own blog. ...
  3. Graphic design. ...
  4. Web development. ...
  5. Accountancy. ...
  6. Virtual assistant. ...
  7. Online tutoring. ...
  8. Selling crafts.
Jan 5, 2024

What business boomed during COVID? ›

While the surge in new business applications was “uneven across sectors,” the largest increases were in the nonstore retail sector (alone accounting for 1 out of every 3 new businesses formed during the pandemic) and the personal services sector.

What business to start in crisis? ›

Financial advisors and accountants are recession proof businesses because they offer essential services that individuals and businesses need, regardless of the economic conditions. For example, during a recession, people and businesses may face financial challenges such as budgeting, debt management, and tax planning.

Did people save money during COVID? ›

Nearly one-third of those surveyed by The Balance said they were saving more now than before the pandemic, and one-fifth even managed to invest more.

How has COVID-19 affected financially? ›

From 2020 to 2023, the cumulative net economic output of the United States will amount to about $103 trillion. Without the pandemic, the total of GDP over those four years would have been $117 trillion – nearly 14% higher in inflation-adjusted 2020 dollars, according to our analysis.

How much money is lost due to COVID? ›

The estimated cumulative financial costs of the COVID-19 pandemic related to the lost output and health reduction is shown in Table 1. The total cost is estimated at more than $16 trillion, or roughly 90% of annual GDP of the United States. For a family of 4, the estimated loss would be nearly $200,000.

Is $1000 too much for a couch? ›

Mid-range sofas cost anywhere from $1000 to $1500. They're a better sofa option than low-end couches and will have better quality features. They're a great option if you need a quality budget option or need a quick, practical furniture option for a small space.

How to earn money easily at home? ›

How to Make Money from Home: 23 Proven Ways
  1. Rent out rooms in your home. ...
  2. Be a housesitter. ...
  3. Become an online tutor. ...
  4. Rent out your car. ...
  5. Start a freelance business. ...
  6. Pet sitting at your home. ...
  7. Monetize social media and streaming accounts. ...
  8. Sell web domain names.

How much do furniture flippers make a month? ›

You can earn anywhere from $500 to $10,000 per month flipping furniture. It all depends on the type of furniture you decide to flip, where you choose to list it, and how much time you put into the process. Flippers typically earn between $1,500 and $2,000 per piece of furniture they flip.

What businesses were considered essential during COVID? ›

Critical retail (i.e. grocery stores, hardware stores, mechanics). Critical trades (construction workers, electricians, plumbers, etc.). Transportation. Nonprofits and social service organizations.

Which businesses were most affected by COVID? ›

Within prominent industries of the top 100 metros, the accommodation and food services industry, which includes hotels, restaurants, and similar businesses,3 suffered most, with employment dropping to 86 percent of its pre-crisis levels.

What are some strategies to survive a pandemic? ›

Stay home as much as possible. Even if you're not in an area with a shelter in place order, one of the best answers to how to avoid viruses is simply to stay put. When you stay home, you're not giving viruses the chance to enter the body. Get plenty of fresh air and sunlight into your home.

What are the three resources in business? ›

The different types of resources

There are three types of resources in business: human, financial, and physical. Human resources are the people who work for the company. They include employees, managers, and executives. Financial resources are the money that the company has to spend.

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