Creating A Passive Income During Covid-19’s “Second Wave”

With the Covid19 pandemic hitting the globe in 2020, many people are looking for ways to earn online.

They want either to create a side income or replace their income completely.

Others, too, have had their traditional businesses dry up and to find an income ASAP.

So, they've left no choice but to find other ways to earn money, such as earning online.

In this article, we will examine what some options are to do so during the Covid19 pandemic.

Now, with a second wave of Covid hitting many countries, this topic is more important than ever.

Signing Up To Do Surveys

Many people will come across opportunities to earn online with surveys.

Survey companies will often advertise heavily on Google Ads.

Therefore, many people who seeking to earn an income online...

...become aware of these opportunities by way of search engine.

You may have heard of Inbox Dollars, Survey Junkie, and Swagbucks.

These companies will compensate their survey-taking members.

The good news with surveys is it's free to sign up...

...and also you can do them on your own time from anywhere.

The Difficulties of Earning with Surveys

There are a few issues that you will inevitably come across when taking surveys.

First, you need to qualify for certain surveys - unfortunately, these tend to be the high paying ones.

You never know what the qualification standards are and oftentimes you don't qualify for them.

This means you need to spend a lot of time taking surveys to earn decent money.

By decent money, I mean $20 a day - it's not easy to make even this amount as a survey taker.

Really, it's just a way to make $100-$200 a month - so, hardly a job-replacing income.

Making Money Doing Small Tasks

I think this is a much better alternative to doing surveys.

The reason is, unlike surveys, you will be automatically qualified to do these tasks.

That is, you get compensated based on what they tell you you will make.

Thus, it's more transparent and you can get a gauge of income potential.

Some ways to earn doing small tasks include the following companies:

  • Amazon Mechanical Turk
  • People Per Hour
  • Microworkers
  • Taskrabbit.

While signing up for these companies will get you going in the right direction...

...the problem is that, when broken down to a monthly wage, you will not earn a lot.

At least, you will not earn enough for a job-replacing income.

Best Chance For A Passive Income During Covid19?

One of the biggest opportunities to create a job-replacing income in 2021 is with affiliate marketing.

Unlike doing small tasks, you can earn big commissions.

In fact, earning just a few sales on a high ticket product can create you a job-replacing income.

Also, with affiliate marketing, you are not responsible for product creation.

In many cases, you do not have to create any of the marketing material yourself.

Marketplaces such as Clickbank or JV Zoo have banners, email swipes, marketing videos, all done for you.

The advantages are clear enough:

  1. No inventory needed
  2. No support needed
  3. No tech skills required
  4. Live anywhere you want
  5. Live the laptop lifestyle
  6. Create a passive income stream (make money while you sleep).

Notice that #6 is different than what you do as a freelancer.

With affiliate marketing, you can create a PASSIVE income.

This means you can make money while you sleep, over and over again.

Learning More About Earning with Affiliate Marketing

Affiliate Marketing is one of the best ways to make money online in 2020-21.

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