Career

Earn extra income & becoming rich while you are working during COVID-19

The true is that we are going to live with these COVID-19 for a while. weather you like it or not because the true is bitter to many of us. Do not allow any one to deceive that the coronavirus will disappear like fame of fire. Capital NO.

You need to plan you self before it is too late, when you around you, few people are making there money now just because, they used every opportunities that come there way. You your thinking and be positive if you want to make it during the pandemic period. Is never too late to act.

If you are looking for sources of income to hold you over until things pick up, you’re in luck. There are plenty of ways to make money during this current pandemic.

The Coronavirus pandemic has affected the lives, profession, economy, and lifestyle of millions globally. This pandemic has created an environment of job uncertainty among private-sector employees as pay cuts and job loss are common now. This battle of life and survival is going to last long as there is no antidote/vaccine for this contagious virus till now. So, what’s the option left to you? You can’t give up as there are dependents on you and you need to earn your family’s livelihood. So what’s next if you are among those who got terminated or are facing pay cut in this pandemic?

A few imperative ideas that one can consider as a source of economic growth in coronavirus pandemic are:
Online Teaching
When the school and colleges are shut during this pandemic, online teaching is becoming a trend. Education is a must for children and when they are supposed to be indoors, attending online lessons is the only option left for them. To make it as one’s earning source one can indulge in online video classes, online tuitions, special classes, webinars, or Zoom teaching applications to reach out to the huge number of students who crave for learning and more understandable lectures.

Online selling
If you are among the local vendors of clothes, utensils, plants, or anything else and currently you are ideally sitting at home due to the pandemic, you still have the chance to sell your products. Yes, you read it right, you can sell your manufacturing, shop products easily online connecting to the online shops such as Nairaland.com ( 1st Nigerian Forum) Amazon, Flipkart, Snapdeal, Myntra, and so on.

You can also encourage online selling by advertising it on your social media pages such as Facebook, Instagram, Twitter etc. You can also create a separate page for your business and start selling it from there.

Starting a YouTube Channel
Opting YouTube marketing for small businesses has started gaining so much popularity. YouTube videos get attention very quickly and seem to be more convincing for the clients as well.

Beyond business, YouTube can also be used to start your own channel as a reviewer, vlogger. Once you get a good audience base you can start monetizing your channel. Apart from a reviewer and vlogger people sitting idle at home can make fun and entertaining videos, gardening and agriculture, dancing and other arts, designing, cooking are some fields on which one can make videos.

Food Service
In this pandemic when people are scared to eat in restaurants and cafes, providing them with home-cooked food with free home delivery can be a great idea to make some money.

Many seem to have evolved as a great cook during the lockdown, so if you are good at cooking then this idea is definitely for you. Give time to your art of cooking and be an opportunist this time. Try different recipes, start a food page on social media and offer the public to post orders online. It will take only a few days and you will reach out to many through your recipes and delicious food.

Rent out a room in your house
A relatively simple way of increasing your income is to rent out a room in your home, if you have the space.

The good news is that to try and encourage people to do that, the Rent a Room scheme lets you earn more a year tax-free

This allowance is reduced per person if there is more than one person receiving the income – so for example, if you and your partner let a room in your house to a lodger, then you can each receive more tax-free.

We look at Rent a Room relief in more detail on our website. Please be aware that if you are letting a space in your own home that is self-contained or you are letting a room to more than one lodger, it could affect the capital gains tax position if and when you come to sell your home.

In addition, there are some other things that you need to check, for example, whether you need permission from your landlord or mortgage lender and whether there are any health and safety or insurance considerations.

Facebook Comments

About the author

admin

Leave a Comment