“Wait and see” is the approach most industries have to take during COVID-19, but it’s likely the coronavirus will have long-term ramifications for contractors. Moving full speed ahead for construction projects is probably not wise, but maybe you still need to bring in some income now.
Has COVID-19 halted your business? Tap into technology and get creative to earn some extra cash. Check out our guide for some innovative ways to make money from home during COVID-19.
1. Teach Remotely
Are you a lead contractor? You’ve got to be in the business of communicating and working with people. A stretch of those skills can make you a great fit as an online English teacher with PalFish.
PalFish is an app that connects Chinese students and English-speaking teachers from around the world. The company offers 3 course options — General PalFish, Official PalFish Course and PalFish Philippines Course. (The Philippines course is only open to those living in the Philippines.)
General PalFish lets you set your own rates and the option to teach in 2 different formats. FreeTalk will let you connect with students 1-on-1 for English language practice. There’s no curriculum or time constraints. General PalFish teachers can also teach multiple students in a freeform live stream. Most teachers set rates between $15 and $45 per hour.
You can make up to $22 per hour if you have a 4-year degree and qualify as an Official Pal Fish Course teacher. There’s no specific age range for General PalFish courses, but Official PalFish classes are made up of students from 3 to 12 years old.
Download the PalFish app to apply today.
2. Deliver Groceries
No matter how far and fast COVID-19 continues to spread, everybody still has to eat. Put your truck bed to good use and deliver groceries and more with Shipt.
Shipt is an online service that allows clients to enter a shopping list for local and national retailers and pay for same-day delivery. Shipt doesn’t just deliver groceries — clients can include a Target run, Costco haul or CVS pick up.
Experienced Shipt shoppers make an average of $22 per hour. Paychecks are delivered every week. You can choose your own hours with complete flexibility — work part-time or full-time.
To get started, apply on Shipt’s website and go through the interview process. Once you’re approved, download the app and get to work.
Shipt shoppers must be at least 18 years old and eligible to work in the U.S. Regular access to a reliable vehicle — 1997 or newer — is a must, and you should be able to lift 40 pounds. Shipt also requires you have an iPhone (iOS 10 or newer) or Android (5.1 or newer) smartphone.
3. Sell Your Old Stuff
Contractors can be stereotyped for their inability to sit still. If you’re going stir crazy, sift through your old stuff and sell it with Decluttr.
Decluttr specializes in selling old tech like phones, computers, CDs and video game systems. Find a few items to sell and get a free instant valuation by searching the product through Decluttr’s website or app.
That valuation is locked in for 28 days. Once you’re sure you want to sell, pack up your items in any box and wait for Decluttr to send its Welcome Pack with a free shipping label. Once your products are received, Decluttr will pay you automatically through PayPal, direct deposit or a hard copy check in the mail. You can even donate your proceeds directly to your favorite charity.
Send at least 10 media items or 1 tech item and your total valuation must be at least $5. For the best experience, Decluttr recommends using its free app.
4. Get in Touch with a Financial Advisor
You might find the impact of COVID-19 more than you can manage on your own as an independent contractor or other small business owner. Take a look at SmartAsset If you need personalized financial advice to guide you.
SmartAsset is a financial tech company that aims to provide the best personal finance advice on the web. Enter your ZIP code on the homepage to get connected with up to 3 financial advisors near you. All of these advisors are already vetted and you can use SmartAsset’s online tools to book an in-person appointment.
The site also offers free and personalized tools to help you make smart financial decisions. Its automated financial modeling technology simulates how decisions will affect you financially. Check out home affordability calculators, tax return calculator or the 401(k) calculator.
5. Trade Stocks
If you like the rush of bidding a construction project, look into trading stocks online to drum up some income. Your ability to stay on top of a moving target until the deal is done could serve you well.
Online brokers give you the ability to set up an account in minutes. Add a little money, search companies you want to invest in. Of course, don’t forget to do thorough research!
AMCI Acquisition Corp. – Warrant
Allegro Merger Corp. – Right
Allegro Merger Corp. – Warrant
Medigus Ltd. – Series C Warrant
Most online brokers have a simple, streamlined form to buy — you just need to fill in the blanks. The 2 most common order types are market and limit — play it safe and choose limit.
If you’ve never traded stocks, don’t worry — you can find online courses to get you started.
6. Work Outside the Box
People may be afraid to commit financially to construction projects, but that doesn’t mean there isn’t wear and tear on their homes. People are spending more time at home than ever, and that always brings the need for maintenance and repair.
Maybe you could share or sell how-to videos to help people tackle common home repairs. Maybe you could build makeshift bedside tables for those who self-quarantine with COVID-19. Or could you construct office furniture to help people adapt to shelter-in-place work for the long term.
Take a look at how society has changed during social isolation and see if you can match new needs with your current skills.
Make Money Now
COVID-19 might have temporarily sidelined your career, but you can still use your talents and ingenuity to bring in some income.
Call your clients if you think you can creatively approach your construction projects. Many people are going above and beyond to support small businesses and you can work out a plan to maintain social distance and work safely.
Outside construction, get creative and leverage your tech options. COVID-19 will pass, but in the meantime, check out our live updates. You’ll find a timeline of the world’s reaction to the pandemic and a link to news about our progress to fight back. Benzinga will keep you on top of the impact of coronavirus until you can get back to work.
— to www.benzinga.com