5 Lucrative Side Gigs to Earn Money During Self-Isolation
Whether you’ve experienced job loss due to COVID-19 or are finding that you have a lot of extra time on your hands now that you’re self-isolating, looking for a side gig to bolster your savings is always a good idea. However, how to earn extra money fast and how to make passive income can be tricky.
Not only is it a great way to add money to your savings during a time when many people are experiencing financial security, but it’s also a great way to hone your personal and professional skills while self-isolating and get yourself ready for a economic recession. Staying healthy, both mentally and physical, is important as we all adjust to life at home.
It's estimated that around 57 million people in the USA currently participate in the gig economy, with that number expected to increase to include over 52% of the workforce by 2023. And, this means that you’re in luck. Remote work and side gigs are bountiful, even in coronavirus times. Here are five of some of the most lucrative side gigs to help you earn money during self-isolation.
While most companies are cutting their advertising budgets just a bit during the spread of coronavirus and the economic concerns surrounding the effects of the pandemic, there is actually still quite a large demand for copywriters. If you like writing and understand the basics of marketing and SEO, you can make extra money from the comfort of your own home. All you need is a bit of experience, knowledge regarding best SEO practices and the desire to help businesses enhance their online presence via blogs, email newsletters and other marketing content.
Average monthly salary for a remote copywriter: $3,750
2. Virtual Assistant
If you’re craving personal interaction during quarantine or self-isolation then becoming a virtual assistant might help you feel like you’re still out in the real world interacting with friends and coworkers. The skills needed to be a great virtual assistant include organizational skills, scheduling, and a working knowledge of office software. You’ll work remotely scheduling meetings, answering phone calls and responding to messages from clients and providers. This is great for those who thrive in a fast-paced environment and might be looking to transition the side gig into something more long-term after self-isolation ends.
Average monthly salary for a virtual assistant: $5,108
3. Online English Teacher
If you’re a native English speaker, you can earn at least $15 an hour just for chatting with students online. Becoming an online English teacher is a pretty popular side gig for travelers all over the world, but because it’s always online-based it makes a great side gig during self-isolation and quarantine. Platforms like 51 Talk and VIP Kid provide teacher training as well, so you don’t even need to have any experience. You’ll go through training and then open up time slots, mostly to students in Asia. You set your own schedule and work only when you want to work. It’s the ideal work from home job, honestly.
Average monthly salary for an online English teacher: $2,800
4. Social Media Manager
If you’re stuck in self-isolation or live in a city that’s currently under lockdown, chances are that you’re spending a lot more time than usual on social media, right? Why not turn that addiction into extra cash? If you’re adept at gaining followers, interacting with them online and cultivating a strong brand presence (i.e. aesthetic) then you’d be great as a social media manager. You can reach out to brands and give examples of past work you’ve done or show how you’ve managed to grow your own social media following through certain tactics.
Average monthly salary for a social media manager: $3,500
Seeing as everybody else is self-isolating as well, there’s been a recent surge in online shopping. And, for a good reason. People need to stay at home. So, take advantage of the changing times and set up a dropshipping store. This doesn’t require you to house any physical stock, so you don’t have to worry about any sort of supply chain issues regarding current health and safety measures. As a side hustle job it’s easily one of the easiest as it doesn’t require you to do much aside from think of a great product to sell, set up your online store and then market your site.
Average monthly salary for a dropshipper: $1,917
How to Saving Your Extra Earnings
You can also save more by using these tips:
Now that you’re earning extra cash from your side hustle job, you’ll want to think about different ways that you can maximize your savings. Signing up for a savings account with saving bonus and no fees charged is a great way to maximize the money you’re making, but getting a Cheese debit card is just as great and way easier.
Our FDIC-insured debit card means that as you’re self-isolating, you can funnel your side gig earnings into the account and enjoy savings in cash back and other perks. It comes with $0 in fees, too, making it ideal for those truly interested in saving extra money even after lockdowns end and the pandemic passes.
Interested in getting started? Sign up today to access all of our super cheesy perks.