The best way to become profitable through the pandemic
Reading time: 2 min
As you know, MoneyMagpie is all about making money – but the pandemic has made it harder than it used to be. The pandemic has changed the way we work, many of us work from home and some of us have lost our jobs, and these things are difficult even when the world is normal!
Making money as soon as possible may be your goal, but you just need to make sure that you are doing it legitimately and in a way that makes sense to you. Don’t turn to tiered marketing programs and invest money in something that won’t repay you.
During this pandemic, you can still make money online despite the uncertainty, but you have to be smart.
Here are some ways to make money:
Sell products online
You may want to create and sell products during this time (and we have a lot of articles on the topic), but that is something you need to deal with Package transport This will save you money when you sell your products to customers. When deciding to sell your products, you need to consider how you plan to get them out to customers during a pandemic.
Cancel your subscriptions
If you’ve lost your job, the last thing you need is more subscription money from your account. You need to cancel these subscriptions to save money. Search your banking app, find things you don’t need (like Netflix or Disney Plus), and check your Apple or Android subscriptions too. You need to know that with the small amount of money you have, you won’t get any surprise payments.
More information on how to cancel your subscriptions can be found here.
Take part in the market research
There are plenty of apps out there that you can sign up for, give your opinion, and respond for money. The key is to find the right ones. There are some apps out there that make you money if you install them in the first place. Some research apps track your usage – your information is valuable to these companies, which is why they pay you for it.
InboxDollars (or InboxPounds in the UK) is an app that allows you to pay cash to take surveys and view content for them. You don’t have to do more than 5-10 minutes a day, but you can still make a little more per month.
More online surveys can be found here.
Invest in real estate
This isn’t for everyone (after all, you have to have the money), but there are so many options – yes, in a pandemic – in real estate right now. You can invest a small amount of money and end up with a home that you can rent to others. This can generate rental income and keep money flowing into your account during the pandemic. You can put your money in real estate and try to generate an income while you are at home. However, get some solid advice because you want to get this right – investing in the wrong thing can be costly!
It’s hard to be broke all the time, but it’s scarier during a pandemic. However, use one of these ideas and see if you can win some cash!
You can find the latest COVID and pandemic news in our coronavirus area.