The Coronavirus pandemic has affected the lives, profession, economy, and lifestyle of millions globally. This pandemic has created an environment of job uncertainty among private-sector employees as pay cuts and job loss are common now. This battle of life and survival is going to last long as there is no antidote/vaccine for this contagious virus till now. So, what’s the option left to you? You can’t give up as there are dependents on you and you need to earn your family’s livelihood. So what’s next if you are among those who got terminated or are facing pay cut in this pandemic? 

For many, starting a business during this global pandemic and economic crisis may seem to be a crazy idea. But, there are certain business ideas which can work well when this time. These ideas don’t need a big business module and provide you with good income as well.  

A few imperative ideas that one can consider as a source of economic growth in coronavirus pandemic are:

Online Teaching

When the school and colleges are shut during this pandemic, online teaching is becoming a trend. Education is a must for children and when they are supposed to be indoors, attending online lessons is the only option left for them. To make it as one’s earning source one can indulge in online video classes, online tuitions, special classes, webinars, or Zoom teaching applications to reach out to the huge number of students who crave for learning and more understandable lectures.

Art and Craft manufacturing

There is hidden talent among many of us. Some love drawing whereas some has hidden love for art and craft. Being taught in school these get overshadowed by our main subjects and competitive atmosphere. Well, this is the right time where your passion and love for art and craft can earn you money.

When we are supposed to live indoors 24*7, we have enough time to pursue our art and craft hobbies. If you are really good at it, you can definitely make money out of it. Contact some local vendors and sell your craft pieces to them, if not you can also sell them online. You can also use online platforms such as Amazon and Flipkart to sell your products.

Online selling 

If you are among the local vendors of clothes, utensils, plants, or anything else and currently you are ideally sitting at home due to the pandemic, you still have the chance to sell your products. Yes, you read it right, you can sell your manufacturing, shop products easily online connecting to the online shops such as Amazon, Flipkart, Snapdeal, Myntra, and so on.

You can also encourage online selling by advertising it on your social media pages such as Facebook, Instagram, Twitter etc. You can also create a separate page for your business and start selling it from there. 

Starting a YouTube Channel

Opting YouTube marketing for small businesses has started gaining so much popularity. YouTube videos get attention very quickly and seem to be more convincing for the clients as well. 

Beyond business, YouTube can also be used to start your own channel as a reviewer, vlogger. Once you get a good audience base you can start monetizing your channel. Apart from a reviewer and vlogger people sitting idle at home can make fun and entertaining videos, gardening and agriculture, dancing and other arts, designing, cooking are some fields on which one can make videos. 

Food Service

In this pandemic when people are scared to eat in restaurants and cafes, providing them with home-cooked food with free home delivery can be a great idea to make some money. 

Many seem to have evolved as a great cook during the lockdown, so if you are good at cooking then this idea is definitely for you. Give time to your art of cooking and be an opportunist this time. Try different recipes, start a food page on social media and offer the public to post orders online. It will take only a few days and you will reach out to many through your recipes and delicious food. 

Blogging

This is a good opportunity for people to put their ideas and thoughts across to the public, giving them a better perspective on various topics and making money at the same time. If your only motto is to write good articles you can start your WordPress channel or you can do guest blogging with many websites. And if your motto is money-making you can register yourself to the freelancing writing platforms and start taking projects from there.

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Top Ways to Generate Extra Income During Covid-19 Pandemic
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Top Ways to Generate Extra Income During Covid-19 Pandemic
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The Coronavirus pandemic has affected the lives, profession, economy, and lifestyle of millions globally. In this Finance Buddha blog, you'll learn Top Ways to Generate Extra Income During Covid-19 Pandemic.
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Finance Buddha
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