Because of the pandemic and unemployment rates reaching an all-time high, it’s become more challenging to earn money today — money that could’ve replaced lost income due to a layoff, helped support your current salary, or provided for your family.
To help you get some ideas on how to earn a considerable amount of cash to support your family, here are a few tips. Consider each option or combine any of them to generate more income. Some of this can also help you get a steady source of income even if the pandemic is over. Check out what option will work best for your situation.
Sell Stuff Online
There are three great options you can try when selling stuff. And it doesn’t have to be just your stuff. There are millions of items you can sell online without even looking at unused stuff in your home.
First off, you can become a reseller. It is a business model that follows the traditional selling route except that the items you sell come from different suppliers and manufacturers. You don’t have the items on hand. Instead, when a buyer wants to buy an item, you need to contact your supplier, who will send the products to your buyers.
Becoming a reseller is a profitable business, especially if you love marketing. You don’t have to provide financial capital. All you have to do is market your suppliers’ products.
Let your business grow by registering it and following local and state rules and regulations. There are local government agencies that provide financial help to start small businesses. If you register, you will learn more about what your local government offers.
Second, you can sell other people’s stuff for a commission. Take, for example, the case of Amanda Nicholls, as reported by CNBC. The Kansas native sold neighbors’ stuff and earned a commission in return for services.
Third, as an additional option, sell unwanted items in your house. Sell personal items such as outdated jewelry, clothing, and shoes. Sell unused electronics, furniture, books, and other unwanted objects in your house. You can even sell unused gift cards, collectibles, and your artwork.
Sell Your House
There is a current shortage of houses for sale in the real estate market. CNBC has also reported that some real estate companies sold new houses for buyers’ old houses. Take advantage of this opportunity. Sell your house before the market experiences another negative outlook.
You can sell your current home and downgrade to a smaller space, or you can rent temporarily until you find a new home.
To sell your house, look for websites that advertise houses for sale. Contact them to have your house listed. You can also hire a real estate agent or company. But if you want to do the selling on your own, consider health protocols and safe distancing. If possible, you can record a virtual tour of your home to avoid in-person viewing.
Offer Errand Services
The pandemic has caused changes in the way consumers purchase products and services. To allow safe distancing and lessen the risk of being exposed to the coronavirus, most consumers are using online stores, restaurants, and services. While there’s nothing wrong with this, there is an opportunity that is often overlooked. To avoid going out, people are always looking for ways to have products and services delivered to their doorsteps, thus, the rise of errand services.
Before you try out this option, check out your neighborhood and learn about the needs of your neighbors. If any of them find it hard to do errands, you can start an errand business. Such as the case of Tina Travis, who started an errand service to help a homebound neighbor.
According to Marketplace, the case of Travis is a common scene in many neighborhoods today. This means that there is still demand errand services, which can continue considering the current pandemic.
Switch to Remote Work
Now is not the right time to be picky with work. Consider applying for a job that offers remote work. A steady income can help your family get back on its feet. Plus, there are many benefits to working from home. You’ll have a more positive impact on sustainability, less stress from commuting or driving, better work-life balance, and more time to spend with your family.
If you can’t find a job now, consider offering your professional services as a stand-alone business. For example, if you’re a graphic artist, offer graphic design services.
Don’t Worry, Yet
If you’re worried that your family savings are getting thinner by the month, it’s not yet time to worry. Consider these options first. Besides, if you worry too much, you can’t think of a proper solution to your problems. Don’t worry. Focus instead, and maybe you’ll even think of other ways to earn money for your family.