Are you hard up on cash?
The entire globe felt the economic effects of the pandemic. Studies show that over 2 billion people worldwide are struggling to make ends meet. Having a financial crisis is no easy ordeal, especially if you have a family to take care of.
You’re in luck because there are various things you can try to earn some extra cash. The digital world made it possible for people to make money online. If you’re looking for work online, you’re in the right place.
This article covers nine ways on how to make money online. Read on to discover your options.
1. Resell Items
One of the easiest ways to make money online these days is by reselling old equipment. Take a look around your house and note items that you may no longer need. Look at old sports and fitness equipment or even furniture.
Find out the value of your items and list them on online platforms. Popular websites for reselling items include Craigslist and eBay. You can even try Instagram and Facebook if you want to target the local market.
Take high-quality pictures of the items and be honest about damages. If you’re shipping to an international buyer, ensure to charge the extra fee.
2. Upsell Your Clothes
Aside from old furniture and equipment, you may also sell clothes online. Take a look in your closet for clothes you haven’t used in the past few months or years. Instead of keeping this in your closet, consider selling them online.
Take the time to sew up holes and other small damages. Many fashion enthusiasts have hopped onto the upcycling trend. You can even take it a step further and go to your local thrift stores and find clothes to sell for a higher price.
YouTubers like “BestDressed” Ashley have made a living out of upcycling thrifted clothes. Popular sites to sell clothes online include ThredUp and Poshmark.
3. Look for Freelancing Jobs
Websites like Fiverr are popular for people looking for freelancing jobs. However, if you decide to freelance, know that you’re in it for the long haul. You may need to spend some time building up your portfolio.
Fiverr is open for graphic designers, illustrators, or content writers. If you’re new to freelancing, start with your friends. Focus on growing a loyal customer base before you move on to new heights.
4. Go to an Online Casino
If you’re looking for ways to make money online, check out an online casino. Online job listings can be scarce during a pandemic, so an online casino is a great start. Put your experience in physical casinos to good use in an online platform.
However, it’s crucial to remember that luck may not always be on your side. Online casinos always have the house-edge. If you’re planning to try your luck at a casino, choose which games you play.
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Start with small bets to avoid huge losses. As with playing in a real casino, stop when your gut tells you to.
5. Become an Influencer
Studies show that the average social media influencer earns up to $100,000 or more. Becoming an influencer is a great way to start a personal brand. If you already have a big following on social media, use this to your advantage.
Influencers get most of their money from brand deals and advertising.
Some of the best platforms to tackle an influencer career are YouTube and Instagram. Start by choosing a niche to focus your branding on. Many influencers are makeup gurus and fashion enthusiasts.
Once you have an established following, you can start working with bigger brands. Most brands won’t work with influencers who have fewer than several thousand followers. YouTube, for example, only pays content creators with at least 4,000 subscribers.
6. Share Your Knowledge
Online courses are more popular now because of the pandemic. Udemy and Skillshare offer courses for people willing to learn. If you’re an expert on a particular topic or career field, then this is the option for you.
Start by watching other courses to pick up a style and structure. Read reviews to pick up educational factors that online students seek and demand.
7. Tutor English
Many students from Korea and Japan are looking for online English courses online. If you’re confident in your English speaking skills, this can be a great opportunity for you. If you have an English degree, put this to good use.
Most online English tutors teach basics like phonetics and spelling. You can find platforms for specific age groups. If you work well with kids, find an English tutoring platform for children.
8. Invest in Stocks
Buying stocks is a great long-term investment. Though it may not get you quick cash, you can rest assured knowing you have something on the back burner.
Traditional stock exchange requires a high amount of money. You may also need to hire a professional stockbroker as a mediator. However, modern apps allow you to dip into stocks without either.
If it’s your first time, it may be a better idea to invest in penny stocks. These are stocks with little value. Profit may be small, but potential losses are minimal.
9. Stream on Twitch
Are you fond of playing video games? Streaming on Twitch can be a great source of income for you! Start with a popular game category that is popular but not so much that there’s too much competition.
Twitch offers five ways to monetize your content. Making money online happens through twitch with fan donations, subscriptions, and Twitch ads. You can also work with brands for sponsorships and sell your own products.
Now You Know How to Make Money Online
If you’re wondering how to make money online, here are some great ways to start. From streaming online to selling old clothes, this is a great way to make an online income.
If you’re having trouble with your finances, we got more tips for you! Check out our other blog posts for more guides on handling difficulties in the pandemic.