Making Ends Meet During a Pandemic: A Guide to Earning Extra Income

The pandemic has shaken the global economy. With record unemployment and continuing restrictions on businesses, it is no wonder that so many people are looking for alternate ways to generate income. If you are one of these people, know that help is available. You can find that help by reading through this guide from Startups Base and clicking through the included links.

Entrepreneurship

If you have always dreamed of being your own boss, now may be the time to act. There are several reasons for doing so and quite a few tricks that can help you succeed.

Let’s take a look at a few of each in more detail:

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New Business Opportunities

It is true that 2020 has been rough for many small business owners. Still, this year has also brought about new problems that are just waiting to be solved by new startups. As long as you keep the following steps and tips in mind, your business could be one of them:

  • Research current business trends.
  • Avoid acting out of frustration.
  • Create an engaging website.
  • Improve your communications skills.
  • Know that building a successful startup takes time.

Online Business Resources

One of the perks of starting a business right now is that there are several online business tools available. There is no reason why you can’t take advantage of these resources for your startup.

For example, you can use an online service to set up an LLC for your business. This will save you time, but it can also save you fees that most attorneys charge for this service. LLC rules vary by state, so check into your state’s requirements before you complete online forms.

There are plenty of other pandemic resources online as well, including programs to help with marketing, finance, business planning, and staying informed of the latest COVID-19 news.

Side Gigs

Starting your own business from scratch requires a pretty sizable time commitment. The same goes for finding a new job. If you are taking either of these paths, you may be more interested in having flexible ways to earn some extra income.

That is why you should look into these resources for finding new side gigs:

Freelance Job Boards

One way to start earning income is to turn your marketable skills into a freelance side gig. Some of the most marketable talents include writing, SEO optimization, graphic design, web development, and accounting. If you are a writer with a passion for small business, you could even write for Startups Base.

After you figure out your freelance niche, you can put together a profile on a top freelancing site to begin attracting your first clients. Upwork, Fiverr, and FlexJobs are some of the most popular.

Work-From-Home Jobs

If you are like most people, you will be doing most of your job hunting from home. Which makes any opportunity that allows you to also earn money from home perfect. Freelancing also falls into this category but there are other jobs you can look for, as well, including:

  • Virtual assistant
  • Tutor
  • ESL Instructor

You can even make a little extra money playing in gaming tournaments or filling out surveys — although the pay for these opportunities tends to be a bit low. If you can work part-time or full-time from home, you could also apply for a remote position with a major corporation.

Amazon is always looking for new remote team members. Cisco, CVS, Dell, and Wells Fargo are other Fortune 500 companies that have been hiring remote workers in the last few months.

Financial Resources

Starting a business or a side gig will eventually provide income relief. If you have bills that are piling up, though, you may need more immediate assistance. Thankfully, there are still several programs available to help people who have lost their jobs due to the pandemic.

Here are some of the financial burdens you can get help with:

  • Mortgage or rent payments.
  • Utilities and monthly bills.
  • Credit card payments.
  • Student loans.

You can use these resources to keep your finances stable while you figure out your next move.

There is enough to stress about during the pandemic. You should not have to stress about being able to pay bills or put food on the table too. Talk with your creditors, look for assistance to get you by, and then decide whether a new business or side gig is the best fit for your future.

Startups Base is your go-to resource for the latest information and news on startups, angel investors, incubators, and so much more. Check the site often.

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