If you feel like your budget is a bit tighter because of the coronavirus, you’re not alone. Millions of Americans are out of work or working reduced hours, and what’s even worse is that, despite bipartisan support, it seems like another COVID-19 relief bill is stuck in the House of Representatives, or might be passed with less-than-adequate financial aid for struggling Americans.
All of this is certainly dire, but you don’t need to wait for the government in order to start making changes in your life. Thanks to the internet and gig economy, there are a variety of ways that you can start boosting your income this month. Here are five of the best tried-and-true strategies for increasing your monthly takehome pay.
1. Sell goods on Amazon.
One of the first strategies to try when it comes to making money online is to sell different goods on Amazon.com. Amazon has a broad seller base and widespread usage across the world, making it an ideal platform to leverage when you need to make money. Different sellers sell all kinds of used goods, so if you have some old books or DVDs that you’re interested in getting rid of, Amazon’s a great option. Amazon also gives you the opportunity to sell new goods, so if you can buy items at wholesale, you can then flip them online and make even more money.
If you go this route, make sure to check out the Seller Mobile Amazon fulfillment app. Their Amazon seller app makes it easy to run your Amazon business. From automated price and feedback to lost sales analysis, you’ll have all the tools you need to start making some serious bank online.
2. Try an alternative investment strategy.
If you’ve got any money in the stock market, you’ve likely been watching the roller coaster dips and gains of the past few months with equal parts relief and horror. However, one way to make some extra income is to start to diversify your investment strategy in order to better spread out your chances of risk and reward. There are all kinds of alternative investments to consider, from investment opportunities surrounding collectibles and cryptocurrency to partial-ownership in businesses and even investing in film productions. If you aren’t sure where to start, Yieldstreet is a valuable resource for all things strategy when it comes to the stock market and other investment opportunities. If you need more convincing that Yieldstreet is the right choice for you and your financial situation, make sure to check out some of the Yieldstreet reviews online.
3. Create an account on Fiverr.
Freelancing online has become a popular way for many people to make some additional money. Especially if your hours are cut at work or you have an in-demand job like writing press releases or social media content creation, starting a side-hustle as a freelancer can be a great option. Fiverr is a simple platform to use to attract and work with different clients, letting you set your own pay rate and work qualifications before agreeing to take a gig.
4. Pick up some Lyft or Uber shifts.
The gig economy is still alive and well, so if you’re really crunched for money consider putting that car to use by driving for Lyft or Uber. Of course, with coronavirus still a major issue in many cities, you’ll want to make sure you’re taking extra safety precautions to do so, but driving for either platform is still an excellent way to bring in some extra dough on your own schedule.
5. Install a plugin like Honey to your browser.
One way to earn more money each month is by saving money each month. A browser plugin like Honey can help you achieve just that, by automatically looking up and applying various coupon codes online when you’re making an order. Even if you’re only saving $4, that’s an extra $4 of your paycheck you get to keep! Best of all, Honey is free to install, so you really have no excuse not to use it!