Jul 22, 2020, 02:23PM

5 Online Business Ideas That Will Help You Earn Extra Money During the Pandemic

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During the pandemic, many have lost jobs, and others want to earn more during the lockdown. The COVID pandemic has taught us that having an emergency fund or personal savings is very important. But what if your salary is just enough for your daily needs like food, rentals, and bills and not having enough money left for savings or emergency funds?

Having an extra income source is one of the solutions where you can earn extra money for your savings or emergency fund. There are businesses you can start online during this pandemic and will ultimately turn into your primary source of income in the future if you manage it properly. Here are the top 5 best online businesses you can start today as you are staying and keeping yourself safe from COVID.

Online Grocery: Grocery items are essential in our day-to-day living, and given the current situation, the simple task of grocery shopping has become very inconvenient to most of us. Providing people an option to accomplish their grocery shopping online would help them a lot, and at the same time, it will earn you extra bucks.

Even before the COVID pandemic, e-commerce transactions have been common all over the world. It was estimated that by 2020, 13.5 percent of retail consumption by shoppers worldwide would be acquired from e-commerce.

Digital Marketing Agency: We’re aware that the world of marketing has dramatically evolved. As technology becomes part of every human's everyday lives, it also became the new mode of marketing. Traditional marketing has never reached as many audiences as digital marketing does.

Many businesses suffered due to the COVID pandemic, and starting a digital marketing agency will help a lot of businesses to get back on their feet. Aside from helping business owners market their businesses through your agency, it is also one of the best ideas to earn extra income during the pandemic.

A digital marketing agency can be managed online and in the comfort of your home. You don’t need to go out and mingle with other people to market your client's businesses. The marketing can be done through various means online like social media, blog sites, and online advertisements.

Online Coaching: Are you an expert in something? If yes, online coaching can be the best online business for you. If you’re a fitness coach, a dietician, or a nutritionist, you can launch online coaching to your clients. You can share your knowledge and expertise to your clients without leaving your home.

Online coaching is also a safe way to conduct coaching lessons during the COVID pandemic. This pandemic should not stop people from continuing their usual daily routine and can still stay fit and healthy regardless.

You can provide your assistance through any means comfortable to you and your clients. Sessions can be done via skype, zoom, or even via messenger and other similar apps. Online coaching is also flexible and can be done daily, weekly, or even monthly.

Launch a Clothing Store: Clothing is one of human's basic needs. If you love fashion or love clothes and spend your free time shopping for clothes online, why not turn it into something profitable? You can buy and sell clothing online or even design your clothing and establish your brand.

There are many online selling platforms that you use in selling your clothing. Some of the most famous online shopping websites you can use are the Shopify, Wix, and Bigcommerce websites. Setting up an online store is now made easy through these platforms. You didn’t even need to know complicated computer techniques and coding to set up your online shop.

Dropshipping: Dropshipping doesn’t need huge capital to start. You can offer products to your customers even if you do not have them on-hand. You can ask your supplier to drop ship the products to your customers.

You don’t have to stock products or arrange deliveries. Instead, you can focus more on advertising and marketing your products. Costs for advertising and marketing would be the only expenses you need to worry about.

You list the products you want to offer to your customers through various e-commerce stores such as eBay, Amazon, or Etsy. You can use these platforms for free. Dropshipping business will allow you to offer a wide range of products without worrying about huge operating expenses.

Before starting your dropshipping business, you have to find a trusted supplier that can offer you the products you want to sell at a low price. It is also advised to private label your products for it to stand out against your competitors.

Takeaway: Having an extra source of income is very important to achieve financial freedom. You can’t depend on your salary alone as it will only cover your daily needs and pay your utilities at home. However, if you engage in a business, you will earn extra money to save and use it during emergencies. Take advantage of the technology the digital age offers and earn more than your monthly salary.


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