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5 perfect side hustles during a recession

2020 has been a very tough time for people because of the coronavirus pandemic. A lot of people lost their jobs, markets crashed and a huge recession took place in the world. Because of that workers were forced to search for new jobs that would relieve the financial situation - at least temporarily.

The coronavirus pandemic was a turning point in remote jobs. People understood that there is no need to be physically present at a place to make money, hence they decided to acquire new skills. In this article, we will talk about 5 side hustles that are perfect during a recession.

Remote tutor

This type of activity is currently most in demand. In connection with the mandatory self-isolation regime, schoolchildren and students switched to distance learning. Some children find it difficult to learn educational material in this format.

In addition, many students need to prepare for the final exams, so now the services of tutors are especially relevant.

The tutors are most often school teachers, students of different universities, researchers, as well as people who are able to confirm their knowledge of a particular school subject with the appropriate diploma.

For beginner tutors who want to improve their skills, online seminars are held, both paid and free. More experienced colleagues, among other recommendations, advise planning the child in advance, as parents are often asked to teach a lesson on the topic that the child has learned the worst in school.

On average, the payment for the services of a novice tutor is extremely high. More experienced and highly qualified teachers can receive from $50 per hour of training and in some cases more.

Forex trading

When we talk about the Forex industry it is the field that saw a major surge in the recent decade and in 2020 it increased even more. Upon mentioning Forex trading we should note the main disadvantages that this field offers to the customers. Even though a person needs a thorough understanding of financial markets as well as decent knowledge of finances, becoming a Forex trader is possible for every person who has a clear goal and determination for achieving success.

Starting capital at the same time is not required to be very big. Even $10 dollars is enough for your first steps however the success will not come immediately. Patience is the key to everything and if you do not have one it is better to avoid being a Forex trader.

Copywriting

One of the few online professions that almost everyone can master. This requires fluency in the English language, literacy, as well as patience, and skills development. However other languages are also welcome. Especially if they are rare. Companies and online shopping sites, business pages, and information resources will always need to be replenished and updated.

Basically, novice copywriters offer their services and sell ready-made articles on well-known copywriting websites.

According to various copywriters with years of experience, in this area without work experience to get a large order immediately will not work. Therefore, you need to develop a small portfolio - and copywriting exchanges are ideal for this. After that, you can take larger orders - for example, to describe goods for online stores.

Customers can both pay for the number of characters and set a fixed amount for the text. On average, with perseverance, a novice copywriter can earn more than $50 a day.

Social Media Manager

The main task of the SMM-manager is to promote goods or services on the Internet. During the pandemic of coronavirus, when many companies and stores have gone into the online space, this profession is very popular. To try yourself in the field of SMM is primarily those who have previously engaged in sales, has managerial skills, knows how to promote the product.

The main tasks of an SMM-manager are to promote a product or service on social networks, to create and maintain pages there, filling them with interesting content, to keep in touch with subscribers, to prepare reports on accounts and promotions, as well as to analyze the activity of competitors and develop a strategy of product promotion.

To expect a decent salary, you need to study - for this, there are online seminars and training.

On average, the salary of a novice SMM-manager starts from $1000 per month. Jobs for remote part-time work can be found on all major resources.

Graphic design

Another very interesting and lucrative job if you want to make a fortune during a recession. UI/UX design, as well as graphic design, are one of the most demanded jobs during the pandemic. Digitalization led to the fact that numerous websites are searching for creative designers that will arrange the websites the way they will attract more customers. And owners of these websites are ready to pay more than $4000 in order to get the website they want.

Conclusion

The recession which the coronavirus pandemic caused in the world is still visible and is not going anywhere. However, this situation encouraged people to try newer professions that offer more money as well as opportunities. So there is a silver lining in every situation.

 

 

 

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Mon 27 May 2019
AAGB/US- Holiday
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A 08:55 DE- Employment
AA 18:00 US- BOC Decision
A 18:30 US- EIA Crude
Thu 30 Mar 2019
AAEZ/CH- Holiday
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AA 10:00 EZ- Flash HICP
A 12:30 US- Personal Income, Spending, Deflator
AA 14:00 US- Final Univ of Michigan


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