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How to make money online during the coronavirus pandemic
Here's 20 ways to earn money online and without leaving your home.
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Thanks to the internet, there's hundreds of ways you can potentially make some money online, and avoid too much contact with people during the COVID-19 pandemic.
Whether you need to replace your income or you're simply trying to earn some extra cash on the side, here's 21 ways you could earn some extra income online.
20 easy ways to earn money online
1. Sell your old things online.
If you take a good look around your home, chances are there's a number of things you no longer need that could be sold online. You can use sites like Gumtree, Facebook Marketplace or eBay to sell pretty much anything; from clothes you no longer wear, book you've already read to bikes, old ski gear, kitchen appliances and furniture. You'd be surprised what people will buy, and your old junk might just be someone else's treasure.
2. Start an eCommerce Site.
Websites like Shopify have made it easy to build an eCommerce site to sell products on. Creating and selling goods you know and are passionate about is a good way to start. That's because there's likely to be other people out there who love it as well. You can get a 14-day free trial on Shopify here.
Think of some of things people might want during this time to keep them occupied whilst at home e.g. plants, candles, games, sound systems etc. You could even pivot your focus sell digital products like E-cards, E-books, online training.
Check out Finder's guide to e-commerce here.
3. Use survey sites.
You can join a survey site online and fill out consumer surveys and questionnaires for money. These surveys are used by companies as research. You could complete surveys on any topic, for example your grocery shopping habits or your use of technology.
4. Freelance writing.
If you've got writing experience, you could get some freelance writing work with a number of publications and websites.
Take a look through popular job sites like Seek or the jobs section on LinkedIn for thee roles. Keep in mind these roles aren't always advertised, so you might be better off emailing the company directly and asking if there's any online freelance work available.
There's also a bunch of online platforms that make it easy for freelancers to find jobs.
5. Invest in the stock market
Share trading can a lucrative business, if you're willing to take on a little risk. During these times, a lot of the market is expected to crash - which may be a good time to get in. There's also a few stocks that may even perform well.
Thanks to trading platforms such as IG or SelfWealth, you can can trade stocks from your own living room online. For a less risky stock market alternative, you can invest in exchange traded funds (ETFs), to access multiple company stocks in the one trade. Just remember, while there's plenty of money to be made, there's also plenty to lose in these times.
Be sure to read the coronavirus stocks guide written by our share trading expert, Kylie.
6. Affiliate marketing.
If you have a website or blog, affiliate marketing can help you earn some money from referring products and services via your site. The affiliate site will give you a personalised link to place on your various sites, and every time a sale is made through that link you earn a small portion of the profit.
Check out serial blogger Jake Falkinder's e-book on how to make money from blogging. The book takes you through all the steps to start a blog from scratch e.g. from choosing your topic through to getting your content to rank on Google.
7. YouTube.
If you've got a certain skill set, or your have a niche hobby or passion that others might be interested in, try posting some videos to YouTube. For example if you're really into fishing, you could try posting some videos with tips and tricks for catching the best fish. Once you've built up a bit of an audience, you can start to make money through advertising.
8. Writing e-books.
If you're an expert in an area that is of interest to a large audience, consider penning a book and self-publishing it through Amazon. For example, do you have a lot of knowledge about the stock market and investing? Do you know a lot about cooking, and have a bunch of your own recipes to share?
9. Sponsored posts.
If you've got a decent social media following (maybe you have a few thousand Instagram followers?) some brands would be keen to pay you to post about their products. Try approaching a few smaller brands first, and make sure they align with your existing content. For example if a lot of your Instagram posts are images of you at the snow skiing, a small ski gear band would be a good place to start.
10. Online tutoring.
You can tutor students online in a range of topics, from maths or English to computer science or a foreign language. Sites like LearnMate allow you to register to become an online tutor in the subject area of your choice.
11. Sell things on Etsy.
Esty is similar to eBay except it focuses on handmade crafts instead of goods and services. If you have a knack for arts and crafts, Etsy provides you with a popular forum to sell them in.
Everything you need to know about selling on Etsy
12. Sell a small service.
A site like Fiverr gives you the chance to earn money with a specialised skill. These jobs, or gigs, include services like recording voice overs, translating documents into another language, creating short videos or promotional materials.
13. Sell your photos.
Stock photos have become a big business online, and sites like Alamy are set up to help you sell yours. They post your pictures in their virtual store and share a percentage of any sales with you.
14. Complete tasks on Airtasker.
Airtasker allows people to post jobs or tasks for others in the community to complete. As well as physical tasks like cleaning or helping someone move houses, there's also a huge variety of tasks that you can complete online. You'll find tasks like writing resumes, translating documents, graphic design jobs, building websites and more.
15. Open a high interest savings account.
If your money is currently sitting in a regular bank account, you could easily make some extra money by opening a high interest savings account. Unlike a standard bank account, a savings account will pay you interest in exchange for keeping your money sitting in the account. There's no fees to worry about, and you can open an account online in minutes. With your money in a savings account, you'll be making extra money even while you're sleeping.
Useful guides for the coronavirus lockdown
16. Sell software.
The majority of the software and apps we use are made by big companies but if you can build something that helps people in some way, there's a huge chance it'll be very profitable. From a consumer or specialist app to a fun game, there's plenty of opportunities to make money building and selling software.
17. Start your own podcast.
Podcasts can be a great way to build an audience and make money online. Everyday it seems like there's a new podcast that appeals to a specific niche. It can be difficult to make money quickly, but if you build up a big enough audience over time you can attract advertisers.
18. Become a virtual assistant.
Lots of online businesses need help with different tasks, from graphic design to something as simple as replying to emails. Virtual assistants can be a great way to make some extra money online in your spare time.
19. Narrate audiobooks.
At the moment, only 5% of books get turned into an audiobook format. You might be able to earn extra cash recording audio versions of books, from science fiction to popular biographies.
20. Sell Stock Photos.
If you're a fan of photography, you can make extra money taking pictures and selling them online. Stock photographers sell their images to stock photo companies like ShutterStock and get royalties every time someone uses their image.
Watch: How much money could you make selling items on eBay?
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