The global outbreak of the Coronavirus (COVID-19) has forced most people to observe self-isolation by staying at home.
And staying at home can be extremely boring especially if you are not working from home or unemployed. But being in isolation can help think of ways to make money without leaving your home during the coronavirus pandemic.
Self-isolation presents a great opportunity for e-commerce platforms. With just your tablets, smart phones, laptops and other electronic gadgets, you can make money during this coronavirus pandemic.
Here are few ways you can make money online
Set up online tutoring classes
With schools shut down in almost all the states in Nigeria to curb the spread of the COVID-19, parents will be looking for ways to keep their children busy learning at home. And this is what you can leverage on, by establishing your own online tutoring service. Websites like Skooli, Tutor Me and Tutor.com provide resources for entering into the online tutoring space.
And if you don’t want to use this platforms due to the fact that they provide a lower friction entry point into the market. You could search for online tutoring gigs on a variety of other sites like Upwork, Freelancer and others.
Delivery Services
People staying at home to prevent further spread of the coronavirus presents an opportunity for you to either set up a delivery app or partner with a delivery company. But focus should be on the delivery of essential commodities like groceries, pharmaceutical products and food because these are most important to consumers at the moment.
And do make sure that both the delivery agents and packages are contamination free. In other countries, companies are scrambling to hire enough workers to pick up and deliver those orders.
Launch an E-commerce site
Like I earlier said, the virus has restricted the movement of people to places like grocery stores, pharmaceutical stores and restaurants. With e commerce booming, you can actually launch an e commerce platform specifically on essential commodities, backed up with delivery services.
Online trading
The internet has allowed people to access the world of online opportunities. From sales and purchase of tangible commodity, e-commerce has taken a leap further into the world of online trading.
Online trading businesses can be defined as those business ventures that deals with stock exchange and the market in an online capacity. You can conduct the business anywhere in the world. It is based on entirely digital medium. But just like any business it can both be beneficial and risky
And analysts suggests on Foreign Exchange(FOREX) trading as the most appropriate to trade at the moment due to the COVID-19 and falling oil prices. For you be successful in trading, you must first learn the FOREX market, establish a trading strategy, understand the impact of FOREX leverage, Implement a risk management plan, practice with your demo account, avoid emotional trading and understand tax implications.
Start a blog
You can leverage on the COVID-19, by producing entertainment and health content. You can write on gossips to keep people entertained while home and on health news on the virus. It is possibly one of the best ways to earn a passive income.
