Unemployment is caused by various reasons that come from both an employer and the supply side, which is the worker.
Unemployment is a factor that cannot be completely wiped out, it can only be reduced for as much as possible.
Without a doubt, the Internet has transformed all features of contemporary income. Nowadays, making money online is easy. It is gradually reshaping the income-generating setting.
Just as you can now easily purchase anything or pay your bills online, so can you generate workable income to give you the extra cash you need.
Do you want to make money online while being unemployed? This article has been written to help you do so with ease.
What is Unemployment?
Unemployment is a term referring to individuals who are employable and actively seeking a job but are unable to find a job. Unemployment occurs when someone is willing and able to work but does not have a paid job.
Why do People Become Unemployed?
Unemployment is a hot-button issue across many of the world’s economies, and many governments use unemployment rates to determine everything from economic stability to citizen satisfaction. Here are possible reasons why people may become unemployed.
1. Low level of education.
The better-qualified people are, the easier it is to find a job since the demand for well-qualified people is quite high, and when it’s the other way around it can lead to unemployment.
In contrast, when people lack proper education, these people are at great risk of unemployment since companies often do not want to employ them.
2. Mental issues.
Mental health issues can also be a reason for unemployment. People who suffer from mental problems will often have no motivation or also not the ability to apply for jobs properly.
Moreover, these people often have problems focusing, which makes it even harder even if they find a job.
3. Physical health problems.
Physical health issues may also contribute to an increased probability of unemployment. Especially people who are suffering from disabilities may have it hard to find a job since companies often refrain from employing disabled people.
Additionally, if you suffer from other serious health issues like chronic diseases, companies may not want to employ you since they fear that you will often be sick and not a productive worker.
4. Gender discrimination.
In some parts of the world, there is still a huge gender gap between men and women. Women are often not treated equally compared to men, which also translates into significantly worse job opportunities.
If you are homeless, chances for getting a job are quite low since you do not have a permanent residential address, which in turn implies that the communication between you and potential employees may be quite hard.
6. Economic status of a nation.
In case of an economic windfall in some nations, many firms may have to terminate job contracts since the demand for their services or goods drops significantly and they will have to fire people to survive this period of economic distress.
7. Lack of motivation.
Lack of motivation is another reason why most people are unemployed. Some people may also just have not enough motivation to work at a job. These people may enjoy watching TV or playing video games all day long instead of working.
This lack of motivation for work may be especially high for people who only have a low level of education and who would only be able to earn quite low wages.
How do I Make Money Online as an Unemployed Person?
1. Start Blogging.
Your duty as a blogger is to write on topics that you are knowledgeable about, and also what your audience would love. You can build passive income that brings in lots of passive income.
I wrote a comprehensive guide on how you can start a successful blog. Check out the link to the article to learn more.
2. Start a YouTube channel.
Knowledge about a particular topic is simple enough to build your passive income for the rest of your life on YouTube.
I wrote a comprehensive guide on how you can become a successful YouTuber. Check out the link to the article to learn more.
3. Become a Freelancer.
I wrote a comprehensive guide on how you can become a successful freelancer. Check out the link to the article to learn more.
4. Day-trade cryptocurrencies.
Having a great understanding of how to also profit from cryptocurrencies remains a challenge, hence people tend to disregard it.
One of the most well-known ways to use cryptocurrencies to build riches is crypto trading. Cryptocurrency trading entails buying and selling a crypto coin that fluctuates sharply throughout by purchasing when the charge is declining and selling out when the charge is increasing.
I wrote a comprehensive guide on how to become a day-trade cryptocurrency. Check out the link to the article to learn more.
5. Start Affiliate Marketing.
Affiliate marketing is mostly concerned with assisting another person in promoting their goods in exchange for a commission.
Affiliates get paid in diverse currencies when they recommend goods and services to their respective audience
6. Create online courses.
First, you’ll need to determine what topic your course will cover. Next, you’ll need to create some promotional materials, such as a course description and pricing information.
Finally, you’ll need to host your course online and set up a payment processing system and start selling your courses.
These platforms allow you to create a course and sell it to learners around the world. They also provide tools to help you market and promote your course.
I wrote a comprehensive guide on how to create a successful online course. Check out the link to the article to learn more.
7. Invest in Stocks.
You can build passive income earning in U.S. Dollars by investing in U.S.-based stocks. This can achieve this by diving into the global market and owning shares of companies abroad, particularly in the US.
A dollar-investment company that gives you access to a portfolio of 30 high-growth stocks and real estate across the US market.
I wrote a comprehensive guide on how to invest in U.S. Stocks and become successful. Check out the link to the article to learn more.
8. Get a Tech-Skill.
Tech skills are hard skills that are necessary to perform specific job-related tasks. Technical skills involve specialized knowledge and expertise in information technology, computers, and engineering.
These practical skills help you build income in careers in technology-related fields.
With a lot going on in the digital world, there is a huge demand for tech workers all over the world, and the good news is that it does not matter where you live currently, anyone with the right experience can always get a tech job and start earning in U.S. Dollars.
As stated above, a recession can be caused by the introduction of new technology which causes massive layoffs in jobs, but with an updated skillset you can always switch careers and make money.
I wrote a comprehensive guide on how to get started in tech with no experience. Check out the link to the article to learn more.
9. Join Fiverr.
Fiverr is the biggest online marketplace for digital freelancing services in the world. Fiver was launched in 2010, their network is rapidly expanding with more than 1.9 million gigs across 120 categories listed each day and still counting.
Thanks to Fiverr, freelancers from across the world are now easily making up to one thousand dollars each month. If you want to make money on Fiverr, work on making your profile look attractive and professional.
I wrote a comprehensive guide on how to get become successful on Fiverr. Check out the link to the article to learn more.
10. Become a Forex Trader.
A forex trader is someone who trades currencies through the foreign exchange market.
Forex traders might be professionals working for a group of clients or a financial firm or amateur traders who profit directly from their trades.
Independent Forex traders, for example, profit by buying and selling currencies based on current market trends. Forex trading allows you to invest and earn in U.S Dollars.
I wrote a comprehensive guide on how to become a successful Forex trader. Check out the link to the article to learn more.
11. Join Upwork.
Just like Fiverr, there are so many kinds of jobs you can find at Upwork such as writing, data entry, social media management, technical writing, programming, contracts, web design, graphic design, business plan writing and many more.
Anyone can be in Nigeria, the U.S., India, South Africa or any country at all and earn income. Also if you are looking to make money full-time online, then Upwork should be one of your channels, and I have also seen beginners, people with skills and no major educational background making a good income via Upwork.
What matters most is your skill. If you are skilled at what you do, you will succeed on Upwork. You also need to be fluent in English or any other major languages like German, Spanish, or French because apart from skills, you will need them to communicate.
12. Start an Amazon Business.
Almost 90% of all American shoppers use Amazon, and as a result, Amazon is now the largest retailer in the USA.
This makes Amazon a popular choice for sole traders and limited companies as it provides enhanced exposure and access to millions of potential customers online.
Having an Amazon seller account gives you access to a ready-made customer base of millions of people who use Amazon daily.
Finally, Amazon seller accounts come with Amazon Seller Central, which includes several helpful tools and resources that can make it easier to run your business.
This includes customer support, order management and reporting features. Anyone can sell on Amazon irrespective of where you are in the world, all that is needed to be done is to get those products shipped to the U.S.
I wrote a comprehensive guide on how to sell on Amazon as a Foreigner. Check out the link to the article to learn more.