Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. There come times in our lives when we need to figure out how make more money. That money can come from any number of sources, but in times when conventional ways of making money have been compromised, it’s highly advantageous to have alternative means of generating income. The following contributed post is entitled, Now Could Be the Perfect Time to Start a Side-Hustle.
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With many people unable to work due to the COVID-19 outbreak, a side hustle could be the perfect way to maintain your income. No matter what your skills, there are plenty of ways to earn a little cash when you need it most. For inspiration, take a look at these top side hustles…
Delivering groceries and food
Although many industries are being negatively affected by coronavirus, the demand for delivery services has increased significantly. As people grow wary of leaving their homes, they’re relying on delivery drivers to bring them essential items, including medication, food, and drink.
If you’re not in a ‘high risk’ category and you have access to a vehicle, becoming a delivery driver could be an effective way to boost your income. With many companies welcoming self-employed or freelance drivers, there are endless opportunities to develop a side hustle.
Online tutoring
Most schools, colleges, and training providers are prevented from welcoming students as normal, so parents and learners are turning to the internet for learning opportunities. Many educational institutions have been forced to cut the academic year short, so private educators are increasing their services.
Using your professional expertise and academic experience, you could be well-placed to deliver online tutoring sessions or webinars. Remember – adult learners are actively seeking out learning opportunities while they’re self-isolating, so there are plenty of subjects, topics, and skills which are in demand.
Mining cryptocurrency
If you’re tech-savvy, you could make a significant income by mining cryptocurrency, such as Bitcoin. Buying cryptocurrency and hoping it increases in value is one way to generate a profit but mining crypto could be a faster way to make some money.
Mining refers to the verification of crypto transactions and the addition of each transaction to the blockchain digital ledger. As every transaction needs to be mined, there is a high demand for fast, reliable mining services.
Although you used to need specialized hardware to get started, new tools mean you can start mining without buying any extra hardware. With cost-effective crypto mining hosting prices, you can reduce your costs to maximize your profits. What’s more – online guides and tutorials make it easy to get to grips with crypto mining and everything it entails.
Start a blog
Blogging has been popular since the internet first burst on the scene but the potential to monetize a blog and turn it into a business has never been greater. As people spend more time indoors and online, you can create a considerable amount of revenue simply by publishing your content and attracting new readers or viewers. No matter what subject you choose, there are people out there who will share your interests and your content.
Start a Side-Hustle Now
They say necessity is the mother of invention, so what better time to start a side hustle? If your unable to carry on with your regular job due to coronavirus, launching an innovative side hustle will enable you to generate income, adapt your skillset and keep you motivated during testing times.
