We are still tracking the harsh impact of COVID19 as it pertains to the economy.
“The decrease in employment in the first three months of the COVID-19 recession is more than double the decrease affected by the Great Recession over two years.
While many American workers are hopeful they will get their old jobs back, analysts are unsure of the depth of the recession and the shape of the recovery that may follow.”
“While President Donald Trump pushes states to allow businesses to reopen, companies in technology, financial services, insurance and other industries that can successfully function over internet lines are choosing to keep their people home.
Long commutes have been replaced with heavy Zoom use, and workers in big cities are in no hurry to sit on crowded subways and buses during rush hour.
Corporate leaders are waiting for some reliable combination of mass testing, therapeutics, contact tracing and possibly even a vaccine, before they’ll consider it a worthwhile risk to send employees back into the traditional workplace. Another consideration is child care, and with schools closed across much of the country and summer camps unlikely to proceed as planned, kids are likely to be at home during the day at least for the next few months.”
For many, this experience will burden their lives for years to come. Although it may be hard to see opportunities during tragedy there are businesses that can thrive in this kind of economic environment. Here is some work from home careers to review.
1. Affiliate Marketer
For those unfamiliar with affiliate marketing, it’s simply referral marketing where you earn a commission. Let’s say that you have a website and refer a book on Amazon. When the visitor clicks the affiliate link and buys the book, Amazon will pay you a percentage of the sale. People love affiliate marketing because they can start earning money passively with few startup costs.
Are you an artistic and creative individual who is able to create animation and visual effects for television, movies, video games and other types of media? Then you can work at home as freelance animator. (Personally, I’ve seen animators make between $25 to $106 an hour on sites like Upwork.)
If you have a knack for baking or cooking, then turn your passion into a side business. From your own kitchen, you could start a catering business or become a personal chef. If you’re a baker, you could sell you goods to friends, neighbors, online or at local farmer’s markets.
Blogging is inexpensive and easy to start doing. It could be as simple as you just writing about your favorite music or food, and eventually, you can start generating money from your site. Just keep in mind that you need to pay patient when it comes to cashing in on your blog. If this is something you want to pursue, check out this guide.
Believe it or not, you don’t have to be a CPA to start bookkeeping. Just sign up for a bookkeeping course at a community college or even online (such as this course from The Accounting Coach). Once you complete a course, you can start earning, and the median salary is reportedly $34,000. (Some stay-at-home bookkeepers I’ve spoken with personally make more than $70,000.)
6. Child Caregiver
Whether if it’s just for a couple of hours or for the entire day, running a childcare business from your home can be lucrative. Just make sure that you obtain the correct licenses and permits.
7. Clinical Research Coordinator
Clinical research coordinators help manage operations for clinical trials. You could make more than $48,000 with this job, and you don’t need a bachelor’s degree.
If you have experience and knowledge in a specific area, then consider sharing it with others. For example, if you’re an accountant or lawyer, then you can provide advice to small businesses for a pretty penny. You could also consult businesses on how to use a new software program or how to become more environmentally friendly. (If you’re interested, my company offers a consulting guide to get started.)
9. Customer Service Representative
Do you possess excellent communication skills? Do you also have a landline and reliable internet? Then you can earn between $8 and $15 per hour as a customer service representative.
10. Data Entry
Inputting data for businesses isn’t the most of exciting of jobs. However, you don’t need any previous experience, and you can start at $10 per hour.
11. Copy Writing
You can write copy for businesses from your home and, in some cases, earn up to six figures. Try Fiverr or Upwork to find gigs.
12. E-commerce Store Owner
There are five types of e-commerce business models: dropshipping, wholesaling, manufacturing, white-labeling and subscriptions. Thanks to sites like Shopify, Magento and WooCommerce, you can quickly launch your own ecommerce store.
13. Editing and Proofreading
Companies like Book in a Box pay around $20 per hour to editors, book jacket designers and proofreaders.
14. Event Planner
Whether if it’s planning a wedding, birthday party or corporate event, people are looking for organized individuals to do most of the event planning for them.