Originally published on March 25, 2020 / Josh Hastings / MSN Money
Whether you believe the hysteria surrounding the Coronavirus pandemic or not, one thing is sure:
The Coronavirus is impacting countless households when it comes to finances.
Those who are brave enough to check the status of their 401K accounts have seen steady drops. Investors are scrambling. Events are canceled for the foreseeable future. However, the people hit hardest might be the people who face lay-offs and job uncertainty; the people who work in the everyday sectors.
Shops, restaurants, small businesses, and just about everything else are closing their doors in the wake of the COVID-19 pandemic. That has left many wondering, “How am I going to make money during the Coronavirus?”
We might not have all the answers, but we decided to ask financial bloggers, work from home business owners, and everyday people what are some of the best ways to make money during the Coronavirus, and here is what they had to offer.
12 ideas to help you make money during the Coronavirus
1. Get paid for your opinion
With the closing of many shops, restaurants, and workplaces, many people are stuck at home. Instead of going crazy with boredom, there are lots of ways to make extra money during your downtime.
One of the easiest ways to make money from home is by taking online surveys. Of course, spending a few minutes a day on surveys won’t make you rich, but every little bit helps, especially in a crisis.
So how does it work? Many brands, research groups, and even political organizations are looking for help on the latest trends and what people like YOU think. In exchange for your opinion, you will get paid for the time you put into answering a few questions.
Most surveys take anywhere from 5-30 minutes, and you’ll get paid a few dollars for your time. However, there are sometimes surveys that can pay $50, $100, or more. These usually require a little more involvement, such as being part of an in-person or online focus group, or testing out a new product and providing feedback.
According to Andrew, a personal finance blogger at Wealthy Nickel, two of the best survey apps for newbies are Survey Junkie and Swagbucks. They both are highly rated, with a long track record of paying out cash to their members.
So instead of twiddling your thumbs, or staying glued to the TV watching events unfold, take a few minutes out of your day to improve your finances with online surveys.
2 Find a part-time gig ASAP
In a large-scale Coronavirus shutdown both locally and nationally, for schools, offices, and restaurants, two places will continue to remain open pharmacies and grocery stores. The closures, along with quite frankly a bit of public panic, are putting tremendous stress on the supply chain, causing food, toiletries, cleaning supplies, and medicine to be in demand.
Right now, grocery stores are working overtime to meet the needs of everyone and need your help. A part-time job at a grocery store is a great way to earn some extra income and help others in your community.
A quick search on indeed, and there are over 35,000 open part-time jobs nationally. Here are a few companies looking for help.
- Whole Foods
A part-time job offers a flexible schedule and can be worked during nights and weekends. Unlike other side gigs that often take time to build an income, a part-time job will pay you within 1-2 weeks.
Brian, a blogger at Debt Discipline, described how a part-time job helped him fund his holiday shopping and avoid debt.
“I worked a part-time job during nights and weekends for six weeks during the holidays and was able to earn over $2K during that time. Yes, I worked a lot of hours, but the short time sacrifice was well worth it to avoid going into debt.”
3 Clean out and cash in!
One man’s trash is another man’s treasure. Clearing out your clutter while making a little extra coin has financial and environmental benefits!
Use this opportunity of extra time at home to do a deep Spring Clean of your closets, drawers, and attic. Go all Marie Kondo on your stuff and get rid of anything that doesn’t spark joy. Then, see what of your cast-offs you can turn into cash by selling them via various online marketplaces and apps.
- Got a wedding dress to sell? Try out, StillWhite.
- An old cell phone or tablet in your drawer? Try Gazelle.
- Last season’s clothing? Sell it on Poshmark.
- Computers, cameras, video games? Try eBay.
- Purses, Shoes, (unopened) Makeup, etc.? Check out Mercari.
- No matter what you’re trying to sell, there’s probably an app for that.
Of course, take the proper precautions for health and safety. Make sure to clean and disinfect all your items before you box them up and ship them out to their new owners.
4. Offer childcare & babysitting services
Schools, daycares, preschools, and everything in between are shutting down (if not already shut down) for the foreseeable future.
While that might be OK for some folks, for the most part, working parents are scrambling to find childcare solutions.
Even those fortunate enough to work from home need help to manage it all. While it might not be your ideal way of making money, especially if you don’t have kids of your own, you can offer daycare services and make money in the process to offset the pandemic.
Blogger and teacher turned entrepreneur Josh from Money Life Wax had this to say:
“Growing up, my mom ran an in-home daycare. She typically watched 5-6 kids of varying ages and charged $125-$200 per kid, depending on their age. It was how she made a living and got to stay at home and raise her three boys.”
Josh had this to offer if you’re considering watching kids at your house or helping a neighbor or friend out:
Tips for watching kids during the Coronavirus:
- Don’t overwhelm yourself; watch 2 or 3 kids max, preferable family members, neighbors, or friend’s kids.
- Wash your hands often and make them wash theirs too
- If someone has any flu-like symptoms – they need to stay at home
- Charge $25 a day for up to 7-8 hours (Get paid upfront).
- Don’t watch babies unless you have experience (Like full-time daycare experience)
- Have fun and carve out some daily reading time
5. Sign up with DoorDash – They need help!
The global pandemic has people afraid to go to the grocery store or out to eat. Actually, in many places, grocery stores are low on supplies, and restaurants are shutting down.
The result is that many people are not able to find what they are looking for at the store. And, many are just afraid of catching the virus at a restaurant. That’s where you’ll come in.
Help support your community while making some extra cash by applying to work for food delivery and meal services like Uber Eats, Postmates, or Door Dash.
Sam, a personal finance expert and co-founder of How To FIRE says, “Even the cheapest meal delivery service will make a tough situation easier for those stuck at home. If they can’t find the food they are looking for, help bring it to them. Also, many kids are home from school right now, so make a hectic situation easier for parents!”
Make sure you follow all federal and state guidelines for staying safe and healthy, but you can expect to make upwards of $12 per hour with this side hustle.
Just remember to keep your hands and car clean with frequent washing, hand sanitizer, and disinfectant wipes!
6. Use Symposium to teach online
One of the easiest ways to make money online is to become a tutor. However, with social distancing becoming the new normal, many online tutoring platforms may see an influx of new applicants. Also, even the best tutoring jobs only average between 14 to 60 dollars an hour.
It is good pay, of course; however, higher-skilled workers may find it short in replacing their working wages.
Additionally, most tutoring positions require a bachelor’s degree and training. For those that earned their life experience in the school of hard knocks or the board room instead of the classroom, traditional tutoring may not be an option.
However, hope is not lost to monetize your experience online. Symposium offers the perfect solution for the work-at-home job seeker to launch a viable side gig or even a full-time career.
Symposium is an online app and marketplace that allows anyone with experience to market and sell one-on-one or one-to-many presentations. The possibilities are virtually endless, consultants can use the app to consult with clients virtually, or fitness professionals could use the app to offer one-on-one fitness training to those homebound.
What sets Symposium apart is the ability to teach almost anything, considering social distancing, you could teach anything from how to cook to how to prepare for quarantine. For those looking for a bit of levity during the uncertainty, you could offer lessons on how to make DIY projects and crafts at home.
Think of Symposium like a combination of YouTube and Facebook Live. If the topic made for a great YouTube tutorial, it would make an excellent listing on Symposium. Unlike YouTube, you don’t need hundreds of thousands of views to start making extra money.
With Symposium, you could charge as little to 5 to 10 dollars for people to attend a one-to-many presentation and, with minimal effort, make a few hundred dollars per session. Once your lesson has ended, your funds are instantly transferred to your debit card, making Symposium one of the fastest ways to make money online.
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