The COVID-19 pandemic has brought about disruptions across the world and is fast causing an unprecedented economic crunch.
But a time of crisis can also be a time of opportunity. Although physical interactions have been halted, online connections aren’t. This serves as the best time to venture into online entrepreneurship and below are some of the ideas you can choose to capitalise on.
One of the best ways to make money online is affiliate marketing. Affiliate marketing is the process of earning a commission by promoting a company’s or other people’s products.
With this type of business, you don’t have to develop any products yourself, what you need is a site to sell other people’s products and receive a commission for each sale you make.
With very minimal capital, especially if you already have a bike or vehicle, starting a delivery service is a very attainable goal.
With citizens advised to stay home because of the lockdown they still need access to essentials like food and hygiene supplies among others. This is a good time to join professional delivery services that have so far stepped up to ensure efficient supply for both businesses and households.
You might choose to specialise in a specific type of delivery such as, delivering food or choose to deliver all kinds of packages.
Many businesses are now operating remotely, and this being a new and abrupt arrangement, there will be need for new expertise.
A number of processes have been automated and companies are promptly seeking new methods and business models to fit the adjustment. Right from helping businesses going digital, to running marketing campaigns and giving advice on the required IT tools, as a consultant you have plenty to do. You will aid your clients with designing a business model or marketing plan and also determine which marketing techniques to use and how to use them at a time like this.
Online retail is a booming business. An e-commerce platform is a software solution that allows businesses to create online stores. With this, you can sell products or services to people by utilising delivery services to transport products to customers.
The key to success in this business is to drive enough traffic to your site.
Some of the products that can be sold include digital products like software, physical goods as well as services.
Digital marketing is vital for any business and a very vital asset for growth in this period. With less physical interactions, brands are seeking quality traffic, awareness and exposure. Now is the best time to venture into digital marketing to help businesses establish an authoritative online presence.
Equipped with savvy and analytical business skills as a digital marketer, you will be responsible for developing, implementing and managing marketing campaigns that promote a company’s products or services as well as enhancing website traffic and acquiring customers.
With both employers and people wanting to have a more flexible work-life, being a virtual assistant is an online job that is growing in popularity.
Almost every small business needs help running their day-to-day administrative tasks. And what’s timely about this is that even with the lockdown, you can offer such services from a remote location. As a virtual assistant, you can offer services offered by a traditional assistant such as paying bills, scheduling appointments or managing expense repayments.
The present state has created opportunities for people who want to make a living freelancing in their chosen field. One can choose to venture into writing or graphic design among other fields.
No matter what field business is operating, many companies tend to utilise freelancers. Businesses are practically in search of writers, programmers, designers, accountants among others.
Buy and sell Domains
A domain name is the address where internet users can access your website. They are basically used in URLs to identify particular web pages. If you want to make good money online, buying and selling domain names can be a great start.
First, you will need to know the best places you can buy domains from, where to sell your domains, how to transfer a domain to a buyer, how much you should sell your domains for, and if there are any trademark issues when it comes to buying and selling domain names.
A number of people buy and sell domain names to earn money online since it takes very little time or investment. You can purchase a domain at its registration price or even much cheaper and then resell it for a profit.
Become a Vlogger / YouTuber
This has become one of the most popular trends on the internet. Vlogging (video blogging) is a practice of capturing and sharing vlogs that typically feature a vlogger shooting themselves doing varying activities. Through clicks and views as well advertisements, vloggers are able to make good money.
Although this activity cannot be profitable overnight, it can be a lucrative online profession in the long run.
— to www.newtimes.co.rw