Asteria Lending Inc. Unit 305 3/F 6762 National Life Insurance Bldg. San Lorenzo, Ayala Ave. Makati City
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The global outbreak of Covid 19 has crippled the global economy and caused the largest number of job losses across the globe in recorded history. This means many people will be looking for ways to generate a second income to help them make ends meet. This is especially true of those who need to keep up repayments on personal loans or credit cards. In this article, Asteria discuss 10 ways you can potentially increase the amount of money you have coming in each month so you can hopefully make life a little bit easier for yourself and your family.
Though many companies have unfortunately had to make a lot of their staff redundant, there are still some short term, temporary jobs available during this difficult time. Large corporations such as Amazon frequently take on factory workers, delivery drivers and online customer service agents and you can often find hours that will fit around your existing commitments. Though taking extra work requires you to be fit and healthy enough to work a few more hours each day, it can impact on your health, so make sure you consider this before biting off more than you can chew.
Online selling is becoming more popular by the day, especially during the climate where physical shopping is still banned in many countries. Starting an eBay, Esty or shopify store can be a great way of selling handmade craft items, second-hand video games and even food products such as baked goods or confectionary. Most online selling sites are relatively straightforward to use and providing you are working in a market that isn’t over saturated, you can potentially make a fairly sizable income.
As many schools, colleges and universities are closed or imposing significant social distancing measures, online tutoring has become more popular than ever. If you have teaching experience and a relatively good internet connection, you may be able to teach either one to one or group sessions from the comfort of your own home. Rates of pay will vary depending on your subject specialism and your level of qualification, but there are large number of private companies and established educational institutions who are still in desperate need of good quality tutors.
Investing is risky and unless you know what you are doing, we would not recommend this as an option to generate an additional income at the moment. For those that do understand the stock market, though, this can be a viable option. Just make sure that you fully understand the risks of things like stock ownership and investing in companies before you decide to part with any cash. Though the returns can be extremely high if you’re fortunate or savvy enough, you can also stand to lose a lot of money very quickly if you aren’t careful.
Online surveys and questionnaires won’t pay enough for you to live on, but if, like many people, you have found yourself with a lot of extra time on your hands at the moment, they can be a great way to generate a little bit of extra cash. You will need to dedicate at least a few hours per day to doing surveys if you want to see any kind of income, but there are literally thousands of sites online that offer real cash in return for you filing out questionnaires. Always make sure the company is legitimate and never agree to sharing your bank details until you are certain you are not being scammed.
As social distancing continues, the need for delivery drivers in all sectors has increased profoundly. Whether it’s take away food, electronic items or furniture, people are buying the majority of their products online. You will need a driving licence and some experience of this kind of role if you want to be successful, though training is usually provided.
The need for content has never been greater and if you have design skills, video editing expertise or the ability to write creatively, you may well be able to generate a second income from working online. Rates can vary and this industry is very competitive, however, if you are prepared to dedicate some of your spare time to understanding the market, you may be able to secure yourself enough work to make it worth your while.
Unfortunately, the human cost of Covid 19 has been enormous. This means the need for nurses; care workers and doctors has never been greater. Working in health care on a part time basis not only gives you a second income, it also allows you to make a difference to people’s lives. This industry is very professional and requires real dedication, but it is also one that will never go out of business. Higher level positions such as nurse or doctor will require extensive training but there are many other jobs such as cleaning, support staff and clerical work that play a vital role in the health industry’s infrastructure.
The retail sector experienced significant growth as a result of the viral outbreak and all across the globe supermarkets, grocery stores and other shops are still recruiting for new members of staff. Hours are often flexible, with part- and full-time positions available. This can be a great option for parents or those who may need to work unsociable hours.
This sector has experienced a considerable boom since the outbreak of Covid 19 and will continue to need additional staff for as long as social distancing is in place. Personal protective equipment is now mandatory on public transport in Great Britain and many parts of America, which means that many manufacturers of things like face masks and safety tape need extra staff.