concern surrounding the COVID-19 ‘Coronavirus’ forcing many to stay inside
their homes and self-isolate, certain markets have taken an expected hit
financially, and productivity in some areas will have come to a complete stand
still. However, despite these restrictions that have been put in place for the
foreseeable, there are still numerous different ways to passively build up an
income, and make the most of your time at home by trying out some different
side hustles; monetising your passions in order to bring in a little bit of
Looking to spend
your time indoors productively, and perhaps build up your finances from home?
Here are some different ideas to consider.
Building a positive home office
Making sure you
competent workspace at home is one of the first things that you should
think about, as it will help you to feel a lot more productive. If you’re lucky
enough to be in the position where you can work from home and continue to
effectively manage your workflow on time, then you should start by trying as
best you can to replicate your office environment, so that you can stay
productive and free from distraction when working remotely.
collaboratively with colleagues (or even just for contacting relatives and
loved ones when you can’t visit face to face), you should also ensure that you
have the right software installed on your computer, with video chat apps such
as Skype or Google Hangouts available so that you communicate in the best ways
possible. A stable enough internet connection is often needed for these sorts
of programmes, which a lot of us are lucky enough to have, but if you’re
struggling perhaps try and move your work area closer to the router in your
home and see if this helps.
Again, with the usage
of technology, investment is still very much possible from the comfort of your
own home, and in fact it’s the way that many passive entrepreneurs and
investors handle their financial portfolio anyway, in their spare time. If you
want to get involved, you could start by downloading a risk-free app on your
smartphone or computer, or even by taking a look at one of the many different
example of how investment markets are continuing to stay active is with
property investment, and virtual reality. RWinvest, for
example, a property investment company with developments throughout the north
west of the UK in booming cities such as Liverpool and Manchester, utilise VR
technology in order to provide ‘virtual viewings’ to potential investors.
Investors can enjoy an immersive look at their property without leaving the
comfort of their home; those without the cheaply available technology can
access it by just downloading the file onto their smartphones, too.
This method is
one that has been previously used anyway, in order to allow international
investors and those that are too far away to access a property, and view it as
authentically they can. Having this level of detail as opposed to just the
traditional CGI imagery and blueprints allows for added peace of mind, and is a
massive help (and hurdle overcome) in the investment process.
work from home and don’t stick to the regular 9-to-5 way of life anyway, and so
many who choose to operate in this way, they shouldn’t be affected too much by
the change in schedule. If you have a passion for writing, for example, or have
a digital skill such as graphic design or programming, you can use websites
like UpWork and Freelancer to put yourself out there to anyone that needs your
writing as a specific example, there are a range of different ways that you can
make money. Blogging is an excellent way to pass the time (while building up a
portfolio online), and if you have a specific thing that you’re knowledgeable
and want to write about, you could even consider writing an
e-book. There are a ton of self-publishing tools, even through Amazon
directly, and you’ll make a little bit of money every time someone buys your
hard work and gives it a read.