Photo by Jeremy Bezanger on Unsplash
Jeremy Bezanger on Unsplash

We're at the time when price increases are recorded to reach multi-level highs globally - U.S. inflation reached 9.1% in June 2022. However, that's not the only wealthy country hit by the high cost of living this year. In the U.K., inflation hit a 40-year record jumping to 9% in May with energy bills rapidly increasing. While the world is managing political conflicts and resource crises, people are looking for ways to earn more money on the side as they are unlikely to get a raise at their full-time jobs due to the economic downturn.

Technological Advancements Since 2020

In the past few years, the global workforce has learned to adapt to quick changes and general instability regarding employment. The COVID-19 pandemic has had lasting effects on students, office workers, and administrators as remote learning and work opportunities were introduced. We've become used to the sound of the notifications on our computers, alerting us to attend virtual meetings, respond to emails promptly, and many more.

The technological skills were cultivated to sustain the regular pace of work among the teams. What seemed impossible in the early 2000s, the pandemic made possible in a couple of months. We have many software programs to help us work remotely - Microsoft Teams, Google Meets, Slack, etc. Many of these programs offer functionality and ease of access to work-related documents, tasks, and colleagues that help you perform your job without a hitch.

You can find presentation boards, meeting notes, markers, interactive meeting rooms, and many more features in one place. There is a program on the market that you can easily tailor to your work environment. The high demand for such services during the pandemic led to the fast development of technology.

Remote Jobs

Many corporations were forced to go fully remote during the worst COVID-19 infection periods, leading to many employees favoring this type of work model. You save time and money when commuting, your productivity level stays the same, and you get paid the same salary. While some companies prefer a hybrid work model, others offer fully remote positions. This way, the companies save resources on office administration, rent, and parking spaces.

There are countless remote jobs available worldwide. Usually, tech companies favor these positions due to the nature of their operations. Nevertheless, you can find qualified remote positions in finance, consulting, marketing, and many more sectors. Additionally, you can consider doing freelance work as a virtual assistant, copywriter, developer, and many more. Freelancers are almost exclusively working online and connecting with clients from countries around the world.

Passive Income Applications

Passive income applications are a new technology that lets users make money by sharing their Internet connection. One of the most popular applications is Honeygain, a proxyware application.

You can get $3 for sharing 10GB of traffic with the possibility of boosting your earnings. You can turn on the special features in-app, participate in the lottery-type mode Lucky Pot or follow Honeygain's social media accounts to stay up to date with their weekly contests and get free credits added to your account. Additionally, Honeygain has a referral program through which you can invite others and get a permanent 10% bonus equal to your referral's daily earnings.

Technology enthusiasts approve of Honeygain due to the interesting case of traffic usage. The shared bandwidth is used for optimizing business operations like price comparison, ad verification, and more. Travel and hospitality sectors, as well as digital marketing, benefit from using the service provided by Honeygain.

It is a crowdsourced web intelligence network that allows businesses to collect publicly available data. Honeygain encrypts every user's bandwidth, adopts strict KYC standards, and applies 2-factor authentication for payouts to ensure secure app usage.

Online Courses

Another niche that the pandemic opened to us is virtual learning opportunities. Many working professionals are seeking courses for professional development from top-notch experts, and platforms like Skillshare provide a space to connect with different lecturers from around the world at a convenient time for you. Various topics are covered on such platforms, and you can build your portfolio of online courses about your profession.

If you wish to earn money by setting up your online learning course, consider the skills and knowledge others in your field might need. It will guarantee demand for your service as long as you set your prices accordingly. Notably, you will earn commissions if your courses are available on a virtual learning platform. Therefore, it can be a long-term passive income stream with minimal maintenance work.

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Technology has been rapidly advancing in recent years, making remote work accessible to the majority of the world's population. The pandemic has presented opportunities to make online money that helped others achieve financial stability from the comfort of their homes. Various remote job opportunities, proxyware applications, and virtual learning platforms offer unconventional yet profitable income sources worldwide.