Last Updated on July 10, 2020
This global pandemic that we’re currently in is extremely concerning, affecting a lot of us and forcing many of us to socially distance from one another and self-isolate. Some are lucky enough to be able to complete their workflow from home and continue working as normal, whilst others due to their business structure or job role don’t have that luxury.
For entrepreneurs, and those wanting to make the most of their time stuck indoors, you might be wondering ‘what are some of the best ways to make money from the comfort of your own home?’. Well, we’ve compiled a shortlist of some different techniques that you might want to think about to get started.
Perhaps the easiest way to get started online would be to lend your talents to one of the many different platforms out there offering freelancing work. This could be anything and everything, from copywriting to design work. At the very least you should set up a personal website and portfolio of work so that people can reach out to you if they need to.
If you have a passion for creating physical products, whether that be clothing to arts and crafts, you could even set up your own personal storefront. Spend a bit of money on marketing your site on via targeted social media posts, and before you know it you could have a viable source of income to get you through this period of uncertainty, and a secondary money source for when things are back to normal again.
Investing your money for the future
Want to build yourself up a decent financial portfolio, in order to prepare yourself for later life and to generally improve your relationship with money? Now’s the perfect time to get on top of your finances, and there are tons of different guides out there on what to look out for. What sorts of things you should be investing in depending on the funds you have available, and when to bow out and diversify to protect you in the future?
Property investment is another great example of an investment strategy that you could look into if you have the right amount of capital to get started in a good area. You might think that this would be a difficult thing to get involved in when stuck indoors, due to the physicality of the asset and the viewing process, etc., but companies such as RWinvest are actually using virtual reality (among other things) as an intelligent workaround. Using your mobile phone, you’re able to look around different properties remotely and get as much information as required sent right over.
Using and monetizing your knowledge while helping others
As an extension of writing your own personal blog or completing freelance work around your chosen field, if you’re experienced and talented in a certain area, you might be able to monetize that skill by teaching and helping others, too. There is a range of different online courses out there that you can take for yourself in order to be productive while self-isolating, but you could also choose to compile and create your own, fostering an additional income stream in the process.
Alternatively, you might decide that you want to compress your thoughts and wisdom while indoors and write your own guide or book that others can buy and enjoy. With self-publishing platforms online it’s never been easier to become an author, and with eBooks, you’ll see a profit every time someone purchases and reads what you’ve got to say (or rather, what you’ve got to write).