Day: October 2, 2020

10 Ways to Make Money During the Pandemic

8 min read

Opinions expressed by Entrepreneur contributors are their own.

Let’s not sugarcoat this: the past few months have been devastating. Even if you haven’t personally experienced a tragic loss of a loved one or your businesses, the economy right now has still probably impacted your finances.

As a consequence, you may be scrambling to find new sources of income. If you are looking for sources of income to hold you over until things pick up, you’re in luck. There are plenty of ways to make money during this current pandemic.

If you’re one of the lucky ones who came out of this unscathed, you could use the extra money to pay down your debt or place a little into an emergency savings account.

1. Capitalize on businesses boosted by the current climate.

During the early days of the pandemic, savvy business owners adapted and pivoted to meet new customer demands. Examples would be breweries and distilleries selling hand sanitizer or clothing manufacturers producing masks.

Unfortunately, the ship might have sailed on some of these new business ventures. Case in point: There are many distilleries now stuck with an inventory of unsold sanitizer. And, the mask market has become fiercely competitive.

However, there are still in-demand businesses that you could launch. These include:

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New York City Agencies Launch a ‘Comprehensive’ Small Business Resource Network | 2020

Yesterday (September 30, 2020) the NYC Small Business Resource Network was launched as “a comprehensive approach” to strengthening New York City’s economy and accelerating the recovery of small businesses in response to the crisis facing many of the city’s small businesses in the wake of COVID-19.

For more information or to sign up,
visit the NYC Small Business Resource Network

The launch of the public-private partnership is funded by a $2.8 million grant from the New York City-based Peter G. Peterson Foundation and supported by in-kind contributions from other partners.

Also participating are the New York City Economic Development Corporation (NYCEDC) in collaboration with New York City Department of Small Business Services, and the Chambers of Commerce of

Many of the city’s corporate, financial, and professional services sectors are participating, as well as universities, philanthropies and volunteers who are participating in a range of programs and services.

New York City Small Business

Statistics provided by the NYC Small Business Resource Network 

1.3 million | Number of people employed by the city’s small businesses

236,000 | Number of small businesses with fewer than 100 employees

90% | Percentage of the city’s small businesses that have fewer than 20 employees        

New York City has the highest proportion of minority-owned businesses of any major U.S. city. ·               

As of last

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