4 Things Women Can Do to Generate Income If They’ve Been Affected by COVID-19

4 Things Women Can Do to Generate Income If They’ve Been Affected by COVID-19

Women and Online Trading Business

The coronavirus crisis has hit women especially hard, including those who own businesses or work in managerial positions. A recent study by the Royal Bank of Canada reports that nearly half a million women who became unemployed during the COVID-19 pandemic are still jobless as of January 2021. Plus, because of permanent closures and downsizing efforts of thousands of Canadian companies, experts fear that many of these women may never re-enter the workforce.

However, there is good news: women who can’t — or don’t want to — go back to the 9-5 grind at a brick-and-mortar business location can make a living by working online. If the job, career, or business you’ve worked so hard for has been affected by the COVID-19 crisis, Bulletproof Traders invites you to consider the following to boost your business and generate some extra money on the side.

1. Consider an Online Trading Business

Foreign exchange, or Forex, trading is a great way for women to make part- or even full-time income — if they have the necessary skills, that is. This involves exchanging national currencies on the global marketplace, and there are a lot of opportunities for making steady profits. Bulletproof Traders, which is run by an elite team of individuals who have found success in Forex trading, offers education and training to anyone interested in an online trading business. If you’re interested in starting a profitable venture with the advice and guidance of traders with years of success and experience, learn more about our services or become a member of Bulletproof Traders.

Online Trading Business
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2. Work Online as a Freelancer

If Forex trading isn’t a good fit for you and your business is struggling to stay afloat — or you’re looking for additional work opportunities to bring in some extra cash — offering your services as a freelancer is a great place to start. By joining the remote workforce as a freelancer, you can work on a part- or- full-time basis — and you can use online job boards to find opportunities in a variety of industries such as financial planning and budgeting, marketing, data science, IT, customer service, engineering, or design and creative.

If you’re going to be working from home during the pandemic, especially in Online Trading Business, it’s important to ensure that you’ll have the office space, tech and equipment needed to work as effectively as possible. This means having a reliable laptop, a webcam, a steady internet connection and a plan to manage your data security through antivirus software and even a VPN.

3. Boost Your Exposure Online

Whether you own a business, are getting a business up and running for the first time, or you’re looking for new or additional work opportunities, there are some steps you can take to boost your web exposure, market your products and services online, and increase your business revenue. A few ways to do it include:

Joining an entrepreneurial group for female business owners, including the Canadian Association of Women Executives & Entrepreneurs (CAWEE), Women Business Enterprises Canada (WBE Canada), Catalyst, and Startup Canada.

  • Getting certified as a women-owned business if you haven’t already done so.
  • Making sure your social media profiles and LinkedIn page are updated and linking back to your business website, resume, and/or professional portfolio.
  • If your business website has seen better days, it may be time for a revamp. If you’re not a savvy developer, hiring a freelancer to give your website a fresh look and better user experience is a worthwhile expense.

4. Showcase Your Expertise

In addition to working as a freelancer and boosting your exposure online, there are a few ways to showcase your expertise, promote your offerings, and generate some extra income amid COVID-19. As a few examples, you could create online courses, step-by-step tutorials, eBooks, podcasts, and other types of content — and share them on your business website, social media pages, newsletters, or any Facebook or LinkedIn groups you’re a part of. By creating online courses, for instance, you can generate passive income while promoting your products, services, and expertise — and encourage your students to take advantage of your other offerings.

A Final Word

COVID-19 has been tough on women, but these four strategies can help you to boost your web presence and generate extra income if your job, career, or business has been affected by the pandemic. Working in Online Trading Business, from Forex trading to working as a freelancer to creating and selling online courses, these opportunities can help to reduce the harsh impact that COVID-19 has had on women’s lives and jobs.