Unconventional Means To Generate An Income during Covid-19

Opinion Piece

Nowadays, we live in a world where everything has to be instant from noodles to EFT’s. But have we perfected a means to create revenue in an instant as well?

It may be a new year however, the demons of the past still haunt us today. As much as we choose to live our lives, it is difficult to ignore the restrictions we are forced to live under due to legislation passed by the government which constantly changes due to the evolving virus that has plagued the world.

Which forces us to find different avenues to generate an income that will not only sustain our livelihoods but save our lives. A few examples of the ventures we could pursue are:

Sport Betting: If you are a sports fan with no idea of what to do with the knowledge you have garnered over the years and have money to spare, sport betting is the way to go. What makes this an option to consider is that the risk is completely dependent on the user, therefore if the risk is high so is the reward and vice-versa. Another feature is that bets can be customized according to your needs and preference. It is truly worth a shot if you have nothing to lose.

EasyEquities: If you want a stabilized approach to making money, investment in shares is another opportunity you could make use of. There is an app called EasyEquities that allows you to invest in shares either for short term or long term purposes from the comfort of your phone.

What makes investing in shares so attractive at the moment is that due to Covid ravaging through the stock market, most of the shares listed are either underpriced or underperforming and this creates the perfect conditions for you to invest. As they say, when there is uncertainty in the market that is the perfect opportunity for you to invest.

Forex: Another method that involves investment is Forex which is quite renowned for either making money quickly or losing it as quickly. However, as forex is based on investment in currency, it is especially risky on any given day but somehow the risk has heightened due to volatility of the markets caused by Covid-19. Although, volatility could either work for you or against you it just depends on how you maneuver the market. In this case, opportunity arises from chaos.

Youtube Channel: The most commonly used avenue in the world but least used in South Africa. Creating a YouTube Channel is easy, however publishing content that appeals to the masses is much harder than most people think but if you do find your audience, it can also be a rewarding experience. However, with this avenue investment in equipment will be essential to the success of your YouTube Channel. This avenue may take time to establish but once you get the ball rolling, it never stops.

Please be advised that all methods suggested are avenues that can be used to make money in a short amount of time but due to this, the risk increases in proportion.

However, the question we need to ask ourselves is were these methods born from necessity or was it just the natural progression of things to come? Is there really a way to make money instantly or is it just another scam we were taught to believe?