There’s no question that when an economic recession hits, it hits hard. What’s most jarring is how the most recent one hit women the hardest. In fact, a whopping 55 percent of the 20.5 million jobs lost across various sectors in April were held by women. Indeed, the she-cession is a truly disheartening situation, and with the recession far from over, it can be easy to believe that there’s no such thing as job security at present.
Thankfully, know that the outlook is far from a hopeless one. In fact, new opportunities are cropping up every day in ways that you might not automatically consider. For this reason, it’s important to broaden your perspective and look to the digital world for new and potentially more lucrative ways to make money. Let us count the ways.
Become a freelancer.
In this day and age, it’s not at all unheard of for people to pursue lucrative and rewarding careers online as freelancers, and the fact is, there’s really no reason why you can’t do the same. The gig economy has been steadily growing since the dawn of the internet age, and it has all but exploded in the last few years (or last few months, even). It goes without saying that there are opportunities here that are ripe for the picking, and it will do you well, indeed, to explore ways in which you can become part of the digital workforce.
Now, the beauty of freelancing is undoubtedly the flexibility it offers, so you can essentially choose to work part- or full-time—and wherever you want, at that, including home. Moreover, there are freelancing opportunities across all industries for a wide range of skill sets, so chances are, you will be able to find gigs that suit your competencies and experience level. Joining the remote workforce is relatively easy, too. You just need to create a compelling profile in reputable online job boards where you can also search for openings in IT and web development, data science and customer service, and the design and creative fields, to name just a few.
Start a business.
Starting a small business from scratch is also another viable and very attractive option. Again, you get to enjoy no small measure of flexibility as you work from home, as well as great rewards when you work for yourself. It can even be a wonderful opportunity to bank on a passion or hobby, which can be a very pleasant way to make a living, indeed.
Now, you will likely also find that starting a business from home, though challenging, is less difficult than you might think at first. While there are numerous ways to begin, one great option is through work in the multi-level marketing industry, and there are countless companies you can work with. Due diligence is necessary here, however, and you’ll want to do your homework first.
Set yourself up for success.
Of course, even with the ease, flexibility, and amazing earning potential of online work or direct sales, like all ventures, hard work and savvy are still very much required. For instance, if you want to succeed as a small business, it’s a must to consciously work toward financial wellness by monitoring both your personal and business finances.
You also want to be proactive, as well. Case in point, earning a living from home and online can make you vulnerable to digital threats like identity theft and the like. It then becomes your responsibility as a freelancer or business owner to take cybersecurity precautions, not just for your own online safety, but also for your clients’ and customers’ security, too
Suffice to say, a pivot to online money-making can seem daunting when you’re new to it. It might not even be the first thing that crosses your mind when you’re still bruised from the she-cession. However, there’s no denying the opportunities that it offers, as well as the many possibilities for success. Above all, it’s an opportunity for a fresh start, which may just be the respite you need in this economically difficult time.
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