Now, during this global pandemic all of us are probably stuck at our homes. And we just sit around, probably sleep or watch netflix, so we’re mostly wasting our time instead of using it wisely and carefully.
“Every threat is an opportunity, and every opportunity is a threat”-Using the extra time to make extra money.
So the situation is such that we aren’t able to go out anywhere to make some quick money(keeping social distancing in mind). Therefore we need some way to make money form the comforts of our home.
Here are some ways we can make money:
You don’t need to run around to do any of the surveys. And these are really easy to understand and complete for litreally anybody(unless you’ve been living under a rock, you’ve probably head about them already).
So basically, you need to fill out a form that helps companies test their new products or services and you Earn free gift cards for your time or use your rewards towards sweepstakes for even bigger prizes. Cash out with your PayPal account or Visa gift card,So this is a popular way to make money.
One of the most popular sites are- https://www.swagbucks.com/g/paid-surveys
2.BECOME A CLICKWORKER–
The basic idea is based on ‘internet crowd-sourcing’ where businesses advertise specific, scalable tasks they need completing quickly. And for us, it’s an easy way to make fast cash from our couch.
There are a variety of tasks, but most commonly they involve mindless data entry, web research or form filling. You are rewarded and paid in cash (via Paypal) for the work you do, and you can choose for what and when you work. [If you’re US based, also try Amazon’s ‘Mechanical Turk‘].
3.START A YOUTUBE CHANNEL–
If you already have a google account then go for it! Start making videos, in the begining you might not get many views. But sooner or later you’ll start getting attention if you produce quality content. For example: if you know how to play any music instrument or you’re a great singer don’t hesitate to upload it to youtube, or if you’re a gamer, might as well gitve it a shot and upload!
YouTube is the second-most visited website in the world behind Google—YouTube’s parent company.
With such massive reach, YouTube is an opportunity your business can’t afford to ignore.
Once you’ve got a few videos posted, it’s important to start to organize your channel. You don’t necessarily want all your videos lumped together, or for the most recent videos to always show up first. Think about how you want people to navigate through your YouTube channel, and create your YouTube account structure accordingly.
4.CREAT A BLOG–
This is very popular way to start making money from nothing(especially if you’re good at writing), there’s sites where you can creat an account for free or you can chose to pay, although i belive wordpress is the best to start from because:
WordPress started as a blogging tool, it has evolved throughout the years into a powerful website and a robust content management system (CMS).
The best part about WordPress is that it’s easy to use and flexible enough to make diffrent types of webistes. That’s the main reason why WordPress has grown so much in popularity. According to a recent survey, WordPress powers 32.3% of all websites on the internet
Through your blog you can start to making money by
- Direct Advertisements.
- Affiliate marketing.
- Native Advertising.
- Paid reviews/Sponsored posts.
- Sell Digital products (eBooks, Blueprints)
- Launch an Online Course.
- Offer Online consulting
- Ad networks – ad sense
All of this is possibe once you’ve gained enough viewers and start growing your blog.
More on why should you start a blog and how:What is a Blog?,5 Tips Before Starting a Blog!,
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And the last one isn’nt the quickest ways to make money but in the the long term it sure as hell will make you rich!*
5.TRADING IN THE STOCK MARKET–
Investing in stocks is an excellent way to grow wealth. For long-term investors, stocks are a good investment even during periods of market volatility — a stock market downturn like the one we’ve seen this year simply means that many stocks are on sale Generally speaking, to invest in stocks, you need an investment account. For the hands-on types, this usually means a brokerage account.
Stock investing is filled with intricate strategies and approaches, yet some of the most successful investors have done little more than stick with the basic
Can I invest if I don’t have much money?
There are two challenges to investing small amounts of money. The good news? They’re both easily conquered.
The first challenge is that many investments require a minimum. The second is that it’s hard to diversify small amounts of money. Diversification, by nature, involves spreading your money around. The less money you have, the harder it is to spread.
Investing is a long-term game, so you shouldn’t invest money you might need in the short term. That includes a cash cushion for emergencies.
Now during a recession we have to exploit the situvation to make money in the long term plan, as most of the share prices have fallen we can’t antispate if the price has it the rock bottom so,
For investors who want to take advantage of a market correction during a recession, it’s important not to get too aggressive and buy more stocks than you would during better economic conditions. For example, if your risk tolarence indicates that you are comfortable with a moderate asset allocation of 65% stocks and 35% bonds, it’s wise to maintain this target allocation, no matter what the market is doing.
For stocks: Prices for stocks typically fall before the recession begins and almost always before a recession is officially announced. If you’re trying to take advantage of low prices, you’ll likely benefit most by investing before the recession starts or during its early phase.
For precious metals(gold) :Since investors see gold as a safe haven, the price of gold often rises as economic and market conditions worsen. As investors become more comfortable returning to stocks, they may sell out of their gold investments, which pulls gold prices back down.
Investors who attempt to time the market and buy when prices are low or beginning to recover can still face significant volatility, even after it seems the market has fully recovered. This is referred to as a bear market trap, where investors get too optimistic, only to see another fall in prices after the temporary rise.
Bottom line: Trading is a risky business and during a global recession making money might seem like an opportunity, but we shouldn’t undermine the risks and we sholud invest responsibly.
* ‘theinfinitymelon.com’ does not provide investment, or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.