Large companies such as Google, Amazon and Apple have restricted travel as a precaution against the rapidly-spreading coronavirus, and have asked employees to work remotely.
However, those who cannot work from home, but are still quarantined to prevent the spread of the coronavirus, have some options of making money online while staying home. Some people choose to test software and games, some work as virtual assistants or work for remote call centers.
We have picked three of the most suitable options for those who want to make extra money while staying home.
Trade Forex while preventing spreading the coronavirus
Forex market is a financial market that is decentralized and popular globally. It is a perfect choice for those who are looking for a remote extra income. It can become a full-time thing if taken seriously and if the trader is ready to spend more time trading. Forex trading is a good way to supplement your income and there are plenty of reasons to start doing it.
Every day, more and more people are joining Forex trading due to the fact that everyone can actually become a successful Forex trader – that’s why this industry has been growing and booming.
All you need to be able to start trading is internet access and a reliable Forex broker. Finding a reliable broker is a key aspect of successful Forex trading. You need to make sure that the chosen broker will be able to protect your data and funds and that it is duly licensed by at least one of the respected regulatory authorities, such as Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC) in Cyprus, The Australian Securities and Investments Commission (ASIC) in Australia.
Among the main advantages of Forex trading are the high liquidity, low capital requirement, flexible trading hours, leverage and risk protection. However, no matter how easy it seems to be, it is better to educate yourself before diving all in. There are plenty of e-books, seminars/webinars and courses on Forex trading that would help a newbie to gain more knowledge.
Answer surveys for money while isolated
Answering surveys online is an easy task that you can do in your spare time and be paid for. A lot of companies are ready to pay to get an insight about its target audience, its ideas and preferences before they present a new product on the market or when their goal is to improve an already existing product. The good thing about surveys is that you do not need to devote all your time and attention to them, although the answers must be truthful and clear.
Most of the times surveys take from around five minutes to 30 minutes to complete, so you can invest as much time as you want and do as many as you want in one sitting or with some breaks.
However, remember that each company has its own rates and prices and you may only get a few cents or a few dollars for spending your precious time on these surveys, so choose the company wisely.
Also, some of the companies offer different kinds of rewards rather than money, such as gift cards or vouchers. Anyway, it is a nice and easy way to make some extra cash while staying home and away from potentially transmitting or spreading the coronavirus.
Make your online hobby a side business
Do you have a YouTube channel that has been just there as a hobby but actually gained a number of loyal subscribers? Or maybe you have been very active on Facebook sharing your thoughts/ ideas/ inspiration? Did you know that you don’t really need to have hundreds of thousands followers to become a social media influencer? You just need to find a reliable website that pays for sharing sponsored content to promote the affiliate companies or its clients.
Social media wasn’t only made to provide followers and validation, but it is also an instrument for advertising and could be a successful business.
Let’s say with the help of the YouTube programme you can get some of the videos monetised. There is also such a thing as affiliate marketing that makes it easier to monetise the website or blog. Usually, the pay potential of such advertising depends on the follower count and audience demographics.