The pandemic's adverse effect continues to have a devastated outturn on the global economy. The management board of companies in large and small businesses have faced the inevitable conundrum on whether to let their employee go, cut off their hours, or proclaim them redundant.
If the future had somehow been seen briefly, employers would have contemplated the current circumstances and been cautious in drafting the employment contracts.
On October 19, 2020, a large number of employees were laid off by tech startups in the transportation sector, coming up to 14,656. In this section, Uber technologies, inclusively with the US ride-hailing company based in San Francisco, also laid off employees since the pandemic outbreak; 3,700 jobs were disengaged on May 6, 2020 alone.
However, more and more individuals have gone out of their comfort zone to look for ways to make passive money online. Some are diverting to side hustles to make a little extra cash, and innovators too are engaging in online business.
Let us take a closer look at making money online that can take up a little or a lot of your time. Think of these options as an additional source of income. Most of them can harness the power to be a whole lot more.
Affiliate Marketing is a low-cost and relatively straightforward procedure to make money online. It requires little investment, so you do not need to have a service or product to sell. Affiliate Marketing allows you the privilege to earn a commission from large companies. All you have to do is promote your clients' products or services on your websites/blogs or even on your social media account by providing accessible links to the company's subscription. So, you get paid by delivering a paying customer to the company's website through the affiliated links you enforced. The only challenge involved in affiliate marketing is getting people to visit your website/blog or probably social media account – Facebook, Twitter, or Instagram – and that subsequently requires diversified visitors of large followers.