Are you looking for viable revenue streams today?
The Coronavirus outbreak hasn’t been helpful for anyone other than supermarkets and online retailers. The fact that we’ve all had to spend the majority of our days indoors far outweighs the silver linings.
Plus, there’s the undeniable fact that many people have lost out income-wise.
If you’re a freelancer or self-employed, which 44 million Americans are it’s likely to be you as you don’t have the same protections. Nor do you have the grants and bursaries that are sometimes non-applicable.
Finding potential revenue streams is essential as the extra cash will ensure you’re comfortable until things turn back to normal.
But, what services can you provide during these difficult times?
You might not think you’re qualified to take on the role of an accountant, yet you’d be surprised. Okay, you don’t have any formal qualifications. However, what you do have is a wealth of experience preparing your returns and sending them to the IRS to be checked.
The fact that there are franchises that will help you with the rest makes starting a home-based tax preparation business very realistic.
Of course, the demand is high since more people are self-employed than ever before due to an increase in unemployment rates and will need guidance at the end of the tax year.
Tutor or Teacher for Viable Revenue Streams Online
Schools have been closed, leaving parents to take on the role of their kids’ teachers. With nowhere to turn, it’s been a rough ride for lots of moms and dads, and the journey isn’t over yet.
This is where you step in and lend a hand. By tutoring children in core subjects, such as math and English, you can earn money while giving parents in your area a break. Again, you don’t need formal qualifications, not if you work in an industry that’s math or English-based.
Thanks to the internet, you can do it remotely, helping you to stay safe and reduce your expenses.
Another way is to sell your courses online like I’ve done below on Udemy. Once you have produced the course, it becomes a more passive revenue stream for you.
Of course, you may update it from time to time and send out updates for your students on Udemy.
Blogging has always been a popular pursuit, but the pandemic has acted as a catalyst for the industry. In 2020, it was estimated that there were over 600 million active blogs globally, which is a considerable number.
For anyone with quality grammar and syntax skills, this is an opportunity to make money by proofreading. After all, the market is saturated, so bloggers can stand out by taking care of typos that make audiences question their expertise.
It doesn’t take much to make money from this market if you can prove that you’re legit.
Photo Seller as a Viable Revenue Stream
Another business that has benefited from the pandemic is free stock photo platforms. If you’re thinking you can’t make money out of them because they don’t charge, you’re mistaken.
The way Pexels and Pixabay boost their bottom line is by buying the rights to stock images.
The bigger their respective libraries, the more foot traffic, and the more sponsors will pay to advertise on the sites. Freelancers will have tons of photos they can sell for anything from a couple of dollars to hundreds of dollars. Top tip – try the Stockimo app.
Blogging for Small Businesses
If you love to write, have you thought about blogging for small businesses? Small businesses need to be found online so readers can purchase their products or services.
Having a creative writer who can make their blog stand out from the crowd is important today for businesses. With a blog, their website will be updated frequently and can draw larger audiences to their website.
Graphic Artist as Another Viable Income Stream
Now if you are very creative you could do graphic arts design for websites. Many small businesses need help with graphics for their social media posts and their websites.
You could crank out designs daily for businesses to generate a viable income stream working from home today. Be sure to charge enough for those that may send some back for re-design.
Getting Paid as a Freelancer
Most importantly, be sure to have a way for businesses to pay you smoothly. Make it easy for them to be able to send you payments so you don’t have to chase them! There is nothing worse than doing the work and having to wait to be paid.
Whether it’s products or services, be sure you get paid for your time and effort!
Your Turn on Viable Revenue Streams
How are you supplementing your income during the lockdown? I’d love to hear more about it in the comments below.