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Five Home Based Jobs For The Future

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Zoom Fatigue

July 05, 2020

While several states have begun phased reopening plans to keep the economy moving despite the coronavirus pandemic, some American employees would like to continue working from home full-time, even though it is costing them money a new creditcards.com survey found.

In fact, more 35% of respondents who were given the opportunity to work from home said they don't want to return to their workplace when state and federal restrictions lift - or at least this is the sentiment from workers in late May when the survey took place. On the other hand, only 4% of the people surveyed said they would never desire to work at home again.

So, in the beginning stages of the new norm that will fall upon us post coronavirus, what jobs will be available that can be done from home and increase the bottom line of your family finances?

ONLINE TUTORING

During the coronavirus outbreak schools and colleges have been closed down and many have moved to offering online classes. This has created new opportunities for private tutoring services like Chegg, Club Z and Varsity Tutors. There has been unprecedented demand for online tutoring for elementary school students which was not previously a large market. There has also been increased demand for private tutoring for students that struggle to study independently. As a result, analysts predict that the US private tutoring market will grow by $7.37 billion by 2023.

Exam preparation services are seeing lower demand due to cancelled or postponed college entrance exams and changes in student' educational plans. These preparation services are far more likely to happen online now than evening or weekend classroom style with 30 or 40 people at a time. And, from both a time and money perspective will children go to a tutor's home going forward or will they do it online from the comfort of their home.

Tutors can earn $15 to $50 an hour or more based upon their expertise.

CUSTOMER SERVICE

We forget that the age of Zoom is still relatively young.

Ten years ago, video calls were few and far between. Today, they're happening millions of times a day. Many of our new favorite work-from-home solutions are fairly recent innovations, and it has taken a while for these tools to become part of everyday life. Customer service was originally remote only via phone, then by online chat services, and the future will exist in video services so you can still feel the human interaction with a live person.

With the proliferation of even more online shopping and delivery websites, customer service agents will be focused on the three R's of Returns, Refunds, and Replacements. As logistics continue to be automated, they will assist in tracking deliveries and communicating with customers to enhance the overall shopping experience.

Customer service at home jobs start at an average salary of $28,000.

BOOKKEEPING

With millions of small business owners taking the Paycheck Protection Program and almost 30 million small businesses in the United States, bookkeeping is a home based businesses are on the rise.

As a remote bookkeeper, responsibilities can include day-to-day tasks such as classifying transactions, reconciling bank activity, and recording adjustments. You can also be responsible for paying bills, preparing profit and loss statements, and doing forecasts and projections.

Bookkeepers may be required to be a QuickBooks ProAdvisor or a Xero Certified Advisor to earn more income. You may also need to understand the difference between cash and accrual accounting. Starting income can range from $15 an hour to $50 an hour depending on scope and experience.

VIRTUAL ASSISTANT

If you have strong administrative or business-writing skills, virtual assisting may be for you. Virtual assistants (VAs) work from home and provide administrative support to businesses and entrepreneurs. Responsibilities can include data entry, correspondence, making phone calls, managing calendars, social media management and event planning. Some VAs only handle one client; others take on several.

Average hourly pay ranges from $12 to $50+ and you can find job postings on Flexjobs.com or Indeed.com. Alternatively, you might find clients directly through your professional networks.

TRANSLATOR

Companies and organizations world-wide need assistance translating, editing and proofreading documents for their multicultural customer base. So, if you're fluent in more than one language, you might be able to earn $25 to 40+ an hour as a translator. Translators with relevant industry expertise and hard-to-find language skills (such as Swahili) generally command the highest hourly rates.

Is it time you learned more about how to set up a home-based business? Should you set up an LLC? A Separate Bank Account? Set up an appointment today!

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Financial Tips When Preparing For Your First Child

About the author

Ted Jenkin

Ted Jenkin

CEO and co-Founder

Hey!

My friends and family all think I'm a workaholic, but I say I'm just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation.

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