BLOG

Stuck at Home Because of COVID-19? Learn How You Can Earn Money Online

Posted by Fullerton Markets on March 18, 2020 at 5:39 PM


Are you worried about how you'll get by with the lockdown or community quarantine imposed? 

You're not the only one. 

But hope is not lost, and there are ways to earn money and stay financially afloat in the midst of the coronavirus pandemic.

The world is no longer the safe place it used to be with the threat of COVID-19 lurking around the corner. Thus, the need to keep everyone at home and out of harm's way.

The preventative measures are all well and good. But for some, staying at home keeps them far from their source of livelihood and income. This is especially true for someone who is no “worker from home.”

But are you really going to let COVID-19 take control of your finances and your life?

We're providing you with information to get back and stay in the black in the time of coronavirus.

What are the online income sources to explore?

  • Remote jobs
  • Online marketing projects
  • Paid online surveys
  • Blog writing
  • Cashback rewards

Make a switch to remote work

Mother working at home while taking care of her baby

For many who are accustomed to a corporate setting, the transition to working from home can be jarring. You probably won't know what to do, what with the sudden change of work environment.

But give it a chance. Because the other option is likely to put you at greater risk.

Many companies today have made work-at-home arrangements for their employees to help cut down, if not eliminate, the spread of the virus.

But what about jobs where a remote arrangement is not possible?

Governments are appealing to employers to allow employees not to work for at least a month and pay them half of their monthly salary. The rest will be paid for by the government.

Lucky for those who can enjoy the privilege.

Even then, income might still not be enough.

It's most unlucky for those who are under no-work, no-pay arrangements.

Don't despair just yet.

You have skills, right? Otherwise, you won't be employed.

Maybe you are good at sales, providing information, or writing articles.

You can definitely use those skills to earn money online. Consider these options:

  • Become an online English teacher.
  • Work as a proofreader for an online writing company.
  • Become a remote call centre agent or customer representative.
  • Work as a virtual assistant.
  • Become an online interpreter or translator.
  • Work as a freelance writer and/or editor.

With the appropriate skills, your options are endless.

Where can you find these jobs?

Some of these sites cater to a wide range of skills, while others are designated for specific fields. Kolabtree, for example, is where academics and scientists can find remote work.

Pros Cons
  • Flexible schedule and work areas
  • Not for everyone, loneliness
  • Multiple income sources
  • Lack of/less collaboration
  • Save time and money
  • Less reliable internet connection
  • Increased productivity
  • Concerns on cyber security
  • More time with family
 

Put your marketing skills and knowledge to work


Marketers are in demand both online and offline. If you happen to be one, earning money is more than possible.

Many businesses are in need of social media managers, someone to take care of their campaigns, or to create promotional materials.

They flock to Upwork, Problogger.net, and other online job sites to look for marketers.

Another platform that you can use is LinkedIn. So, register an account or update an existing one to boost your LinkedIn profile and make it searchable for, and accessible to prospective employers.

Pros Cons
  • Wider customer reach
  • May require special expertise
  • Customer convenience
  • Risk of internet fraud
  • Immediate access to quantifiable results
  • Anyone can leave negative feedback
  • Fewer overheads
 
  • Save time and money
 

Complete online surveys

Opinion written in capital letters above a group of people
Got something to say on certain products or services?

You can earn from doing so through paid survey sites. The pay might be modest, but you don't need to do much to get paid, anyway.

These usually require you to complete a survey, participate in market research, share your opinion, or test mobile apps. Pretty simple, right?

The more frequently you participate, the more extra income you can earn.

Below is a list of legitimate sites for paid online surveys:

Through paid surveys, your opinion not only matters but has monetary value as well.

Pros Cons
  • Doesn't require a lot of time and effort
  • No fixed earnings
  • Flexible work hours
  • Some paid surveys are only available to certain locations/countries
  • Enables multitasking
 
  • Spend more time with family
 
  • Make your opinion count
 

Start your own blog

Blogging on the foreground of four people holding different mobile devices
Stuck at a time that is sure to go down in history, you could chronicle what your day is like during the COVID-19 lockdown and publish it online.

The information you post could prove useful to other people, especially if you share ideas on how to stay productive during a home quarantine, easy-to-read updates from legitimate sources, or something similar. Your thoughts may also make a good source material the next time (god forbid!) another viral outbreak occurs.

If you happen to be passionate about writing, this could be your opportunity to explore what the writer in you can do.

You can then monetise your blog to make money. Done right, you are setting up a source of passive income.

Do affiliate marketing with your blog and you might find a good reason not to go back to your office job.

Pros Cons
  • Costs less to set up and get started
  • Monetisation takes time
  • Write a blog at any time and place
  • Not suitable for when you want quick returns
  • Opportunity to establish yourself as an expert
  • May require expert/specific skills
  • Multiple ways to make money – ad revenue, sponsored content, online sale, etc.
  • More time and effort is needed to put together a blog
  • Establish a connection with your audience
 
  • Generate traffic to your website
 

Earn back the cash you spent on shopping

Credit card rewards and similar programs let you earn cashback on your purchases, especially from approved merchants. Why not explore this option to make money?

Since it's a lot safer to shop online, find cashback apps and programs linked to online purchases.

ASOS Asia, for example, has some amazing cashback rewards, starting at 4%.

You're sure to find something similar on the web.

Pros Cons
  • Tax-free money in your pocket
  • Cashback cap on some programs/websites
  • 1% and 15% refund rate
  • Rewards may come in the form of gift cards
  • Better cashback deals
 
  • Improve credit score when using credit cards
 
  • Access to more popular retailers and brands
 

These are just some of the ways you can earn money online. Give them a try and you'll see that getting stuck at home is not entirely bad.

With the lockdown likely to be extended until further notice, it pays to know you have options.

If at the end of this crisis you'll discover a new passion, then the coronavirus might have just done you a favour, albeit a small one.

How else can you start earning income in times of crisis? Through a recession-proof vehicle like Forex trading, of course! Start trading with Fullerton Markets today by opening an account with us:

Open LIVE Account

You might be interested in: 5 Things You Won’t Regret Investing In