The coronavirus lockdown in India, which began from 25th May, 2020, has had a devastating impact on the country’s economy. Over 12 crore people have reportedly lost their jobs. Most of these people include the small traders and the daily wage laborers. A large number of salaried individuals have also lost their jobs and others have either received a minimal salary to survive in the lockdown period, or not received any at all.
If you are one of those people who have been impacted, then don’t worry. Here we will look at some ways through which you can make money online during this lockdown period.
1) Affiliate Marketing:
Affiliate marketing is a simple but effective way to earn money online. It involves referring any kind of product or service, through your blog, website or social media platforms. So every time someone purchases any item through your given unique link, you will receive a commission. E-commerce companies or websites, who want to reach more people on the Internet, usually hire affiliates.
If you own multiple websites, or if you are a social media influencer, this becomes quite easy for you. All you, as an affiliate need to is, to promote the product on your platforms and provide your unique link, which leads to the product. Every time an audience makes a purchase through the link, you will get your commission. Basically, you can make money even while sleeping.
Amazon, Ebay and Shopify are examples of E-commerce websites that hire affiliate partners.
2) YouTube :
If you possess some unique skills, such as comedy, or music, you can start your own channel on You Tube and share your content with the rest of the world. You can also make informative and educational videos. Once you have enough views and subscribers, you can monetize your channel, and start earning!
Once you become popular enough on YouTube, you can also promote your own brand of merchandise. This is how many top YouTubers have managed to earn in millions. However, in order to do this, you need to have a clear understanding of what kind of audience you have.
If you have knowledge on beauty products, and known the pros as well as cons of the different kinds of brands, then you can share your knowledge with the rest of the world. If you have excellent culinary skills, you can also share it with others through your YouTube channel. This skill can be very handy, in lockdown period, since most of the restaurants are closed, many people may want to cook their favorite dishes themselves, at home.
If you are good at English, or a particular foreign language, such as Spanish or Japanese, you can also make video tutorials, for people who are interested in improving their English or in learning a foreign language.
If you have passion in any other subject such as physics, chemistry, history, or mathematics, you may focus your channel’s content on these subjects too, as there would be many young people eager to learn more on those subjects.
If you are good at video games, you can also focus your content on them. You can not only post reviews about video games, but also playthroughs of any of the latest games that you have played. You can also coach people, helping them become better at popular online games such as PUBG, FortNight, DOTA or Counter Strike.
If you have skills in a particular field such as content writing, academic writing, graphic designing, web designing or illustration, then you have the option of earning money as a freelancer as well. First you need to identify your skills and decide the type of work you would like to commit yourself to. Then you can look for clients or companies that hire freelancers.
If you are a writer, there are several online magazines/portals where you can submit your articles, and get paid if they get published. One such example is Little India.
You can also visit platforms such as Freelancer.com, Fiverr.com or Guru.com and look for freelance work. You will need to create your personal profile with proper details of your skills and experience. After that you can start bidding for the various kinds of work that is offered on the website.
4) Online Consultancy
If you have knowledge in a particular domain, people will also be wiling to pay for you to share it. This doesn’t mean that you have to be a total expert. Just having more knowledge than your client or student should be enough. However, before attempting to earn money through this method, make sure you may enough skills and knowledge in a particular domain.
If you have skills in photography, and you’ve clicked good photographs in the past which are stored in your drive, you can sell them to earn money. There are various business websites, as well as blogs who might find your pictures perfect for their content. Stock photography sites like Shutterstock and iStock might also be useful.
6) Becoming a Blogger
If you have a hobby or a passion for a particular subject, you can create a blog about it. Blogging has become a full-time career for many. You can create a blog through Tumblr or WordPress, which is absolutely free of cost, or you can also host a blog yourself, which might cost around Rs 4000 a year.
Once your blog starts gaining traffic, you can monetize your blog through ads or product reviews. But you also need to remember that earning through your blog requires a lot of time and patience. It might sometimes take a full year to actually earn through blogging.
7) Become an Author on Kindle
If your writing skills are good, but you are unable to, or don’t want to get involved with freelance writing, you can author a book yourself for Amazon Kindle. Though the marketplace is known for being competitive, the income can be quite good, if your writing can attract a loyal following.
Fiction might be a good choice, but you may also consider writing on a popular trendy topic, as it will be easier to catch the attention of the masses.
Remember that you will also need a designer for the cover of your book. It might also be a good idea to hire a proofreader, just in case, to check for syntax or grammatical errors, as well as inconsistencies.
If you feel that your skills in writing are not up to the mark, but you have excelling skills in marketing instead, then hiring a ghostwriter can be an idea you might want to consider. This might require some investment as you will need to pay your writer, but over some time, after your book is published, you can use your marketing skills to promote the book, and continue making more money.
8) Work as a Virtual Assistant
You can also choose to work as a virtual assistant. There are several websites, such as Freelancer or Virtalent, that hire virtual assistants.
A virtual assistant’s work can include a wide range of jobs, which might include scheduling your client’s calendar, doing data entry work, or any other similar work that your client might need help with. Though you will need to ensure that you can work according to your client’s schedule, the work might seem a bit inconvenient at first, but be assured that you will at least earn a stable paycheck.