After more than a year working remotely, many employees are reluctant to go back to the office. The Department of Labor reported that 4 million Americans quit their job in the month of April 2021 alone, which is the highest number in history. In spite of the economic recovery, this phenomenon seems to be spurred by the possibility to make money online. Isn’t it our dream to have the freedom to travel the world and generate income online from wherever we may be?
The U.S. eCommerce Market Increased by 49% in April 2020 month-to-month.
By April 2020, shopping online became the ‘new normal’ in the US. as Adobe reports
“Online shopping has become the primary means of commerce during COVID-19.”
Retailers in both essential and non-essential product categories have seen a good bump in sales.
Apparel: Online prices for all apparel goods dropped by 12% in April 2020. Still, online apparel sales increased by 34%.(4)
Stay-at-home clothes are in vogue this season, unlike your regular garments:
- Pajama sales are up by 143%
- T-shirt sales increased by 47%
- Shorts sales bumped by 67%
- Pants sales reduced by 13%
- Jackets sales dropped by 33%
Electronics: For the first time in 5 years, electronics prices in the US started climbing up. Despite the price increase, the sales are also up by 58%.
As most companies sent everyone to work from home, the demand, and afterward, prices for work gear spiked. PCs and laptops became more expensive in April 2020 due to demand.
Groceries: Though most grocery stores remained open, consumers still largely switched to online shopping(8):
In April 2020, the US has seen a 110% increase in daily online sales
What are the main fields where you can make money online?
Many industries have been severely impacted by the pandemic, while others have thrived — especially online companies that help people make money.
According to Laura Begley Bloom, Senior Contributor at Forbes, there are many ways for you to generate some income online like million others, and here are some ideas:
Visits to Educational, Teaching, and Parental Websites Are Up by 78% in APAC.
Comscore reports that in the APAC (Asia-Pacific) region, traffic to Family & Youth Education websites has increased by 78% in April 2020, compared to January 2020.
The responsible parents are actively looking into new ways to homeschool their offspring. Educators look for tips and tricks on hosting better classes. And the kids, well, they are probably the ones keeping that “online gaming” curve on a steady rise
TutorMe, which connects students with subject matter experts, quadrupled their users in 2020! You can make money online by sharing your tutoring skills.
Teach a Foreign Language
During the Covid stay-in-place guidelines, many people felt inspired to change their lifestyle and expand their knowledge, for example learn a foreign language. This language learning community italki, connects students and teachers for one-on-one online language lessons, had more than doubled their clientele in the past year.
You don’t have to be a trained teacher to make money with italki. Native English and Spanish speakers are in high demand. Lesser known languages are also popular, including sign language. The marketplace is similar to Airbnb, teachers offer language lessons or conversation sessions on italki and set their prices. The key is to earn good reviews, which would increase your earning power. There’s a lot of flexibility on this platform as you can set your own schedule, select the students that you wish to teach, create customized lessons… and you can teach from all over the world.
Fill Out a Survey
Do you feel that your opinion counts and enjoy sharing it? Why not earn money doing just that? Via Vindale, you share demographic information about yourself, and you will be matched to surveys that would pay you to answer questions or test products. Other survey sites to explore are Survey Junkie, InboxDollars, Product Report Card and Survey Club. The more surveys you complete, the more money you will make.
The Number of Average Daily Unique Visitors in the PC Gaming Category Rose by 14% in March-April 2020.
Another Comscore report shows that online gaming has seen a major bump as shelter-in-place orders were issued county-wide in the US.
PC and console gaming is seeing the biggest surge in popularity. The number of average aggregate daily unique visitors (UVs) increased by 14% for PC gaming.
While movie companies delay their premieres, game developers should definitely release new titles as the demand is there!
Mobile Gamers Worldwide Spent $100+ Billion Across All App Stores.
Mobile devices now have a 55%+ market share across the gaming sector, making it the place to be for game developers.
So if you have a mobile product idea, 2020 may be the best time to launch.
Are you a skilled networker? With WebTalk, which uses a next-generation personal and professional networking platform and shares revenue with its users, anyone who wants to use social media to start or expand a business (whether it’s full-time or a side hustle) can organize their social media contacts and generate content targeting a specific group. Users earn points—and revenue—simply by using the site. Another advantage of WebTalk: You can post on social media publicly or target posts to the right people and make money.
Discover the most robust and cohesive social media business solution, built to scale with Sprout Social
Freelance Creative Services
The demand for Freelance Creative Services such as graphic design and videography services grew by 20% this year, according to websitesetup.org.
According to Freelancer.com — a popular online marketplace of services — freelance job postings increased by 21% in 2020 compared to the previous year.
Another report from the Business Talent Group further explains what freelance skills are in high demand right now:
- Project management
- Market analysis
- Process optimization and transformation
- Advanced analytics
- Change management
Many experienced professionals are jumping on the freelance train to offer consulting services to companies who need help on a temporary basis to adapt their operations to the new situation.
HOW I CREATED MY 7-FIGURE SHOPIFY DROPSHIPPING EMPIRE A TO Z
Make products to sell
Do you enjoy designing and creating? You could sell your products on Etsy, but it takes a lot of efforts and time to create and make your stuff, get orders and deliver them, as you have to handle all aspects of the business. Consider to use a print-on-demand service like Redbubble, that allows users to design and sell their works. You provide your design, then Redbubble arranges all the printing on a range of more than 60 products including T-shirts, mugs etc. Redbubble also ships worldwide.
During the Pandemic lockdown, online transactions increased by 74% in March 2020 compared to 2019.
ACI Worldwide analyzed millions of consumer transactions from global retailers during March 2020 and identified the following spending trends:
Rising in demand, compared to March 2019:
- Garden essentials: +163%
- DIY products: +136%
- Home products and furnishings: +97%
- Electronics: +26.6%
- Telco services: +18.6%
Declining in demand, compared to March 2019:
- Ticketing: -60%
- Travel: -44%
- Online dating: -8.9%
If you have products in the trending categories, it’s a good time to pivot to eCommerce sales. Even with the gradual re-openings, many consumers will likely stick with online shopping during the coming months.
Sell your stuff
According to a recent survey, Americans are sitting on a staggering $43 billion of unused tech products in their homes, which comes out to about $199 worth of technology per household. Check around — you probably have a lot of products lying around that you could sell, including smartphones, tablets, laptops, CDs, DVDs, books and more. Check out Decluttr that allows you to sell your tech stuff for free and receive payment the day after your products are received in their warehouse. Decluttr also provides free shipping labels, allowing you to print, box and ship straight from your home, without having to venture into a physical store.
You want to clear your closet? Go to Tradesy to sell the clothes that you no longer wear.
Do you want to invest in the stock market but feel overwhelmed? Robinhood, is an app that pioneered commission-free trading, with no account minimums. You can start trading stocks immediately, even with a few dollars to start.
Also consider Acorns which is an easy investment tool. Every time you make a purchase, Acorns rounds up the amount, takes the difference and invests the funds for you, creating a passive income stream that can turn into real money.
Hope you are inspired by generating extra income on-line, and now is the perfect time!
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