This year, COVID-19 has wreaked havoc on the global economy. For Nigeria, the effects are especially dire. The country is heavily dependent on oil exports, so its revenues have dried out. The crisis is a wake-up call for the government. While it is desperately trying to reform the national economy, residents must look for alternative sources of income.
Due to global lockdowns, remote work schemes are vital. Like every crisis, the pandemic has spurred new opportunities. After 2020, work may never be the same. Here is what you can do to earn a living from home.
The Scope of Opportunities
Even before the pandemic, consumers preferred remote and mobile technologies. Smartphone apps allow us to do our shopping, pay bills, and submit work reports. In Nigeria, the depth of Internet penetration has been accelerating. Today, many things can be achieved with an Internet-connected device.
Through apps, users can earn and manage their money. Downloadable software can turn your laptop into a powerful platform for online trading. Mobile, desktop, and web-based solutions have helped millions of people survive during lockdowns.
Across the world, conventional employment was disrupted. Multiple industries were hit hard, and employees had to lay off their staff. In these circumstances, freelance work and online trading can be a lifesaver.
Example: Online Trading
You don’t have to be a financier to trade currencies and other instruments. Internationa brokers with operations in Nigeria offer education and support. There is no shortage of learning material on online trading in Nigeria and demo accounts allow the risk-free practice.
Global brokerages provide affordable entry and high-end software. Clients of ForexTime may trade currencies, stocks, derivatives, and precious metals – all from one platform. It is possible and advisable to develop diversified portfolios. This way, the risk is spread across several instruments and is therefore lower.
Most instruments are traded in a similar fashion. Participants can buy or sell them based on their vision of future trends. Basically, you buy low and sell high, which is the old stock trader’s mantra.
Both upward and downward trends can bring profit when they are anticipated. Trading through the Internet is convenient, as everything can be managed on the go. A single app provides all relevant market data, so you can spot the best entry and exit points.
Tidy up Your Workplace
Does your job involve video calls? Make sure the background looks decent. You do not want your boss to see dirty laundry or piles of junk behind you. While Skype can blur the background, do not take any chances. Look presentable.
To focus on the job, you need a clean and well-organized environment. Nothing is worse than a messy desk. Do not think you can plunk your laptop on a kitchen table and start work. Distractions will be inevitable, and they are bound to hinder progress.
Find a space where you will not be disturbed by other people. Naturally, it is easier for singles than people with kids. Still, difficult does not mean impossible.
Get the Right Tools
What if a glitch or power outage occurs? Such problems may cause prolonged disruptions. Therefore, it is important to check the technical side of things. Make sure that the hardware, software, and Wi-Fi network are working properly. Run a check of your PC’s health to weed out viruses and malware.
Forex traders are advised to use VPS (virtual private servers). Such systems copy their machines into cloud-based storage. This way, system crashes have no effect on the outcome of trades. If your laptop malfunctions, you can switch to a smartphone app to manage the same positions. This is possible thanks to the cross-platform functionality of MetaTrader 4 and MetaTrader 5.
Finally, some remote jobs involve voice or video calls. Get a decent headset with a mic and a good camera. This investment will pay off quickly.
Manage Time Wisely
Structure your working day, even if your office is your home. Prioritize tasks if there are several. Create a to-do list and schedule each element. Begin with the ones that are both urgent and important. Then, complete other urgent tasks and move on to long-term projects.
Do not forget to schedule breaks! These are also essential. Decide how long you can maintain focus. Some people prefer short breaks after each half-hour, others need them less frequently.
Some occupations (e.g., online trading) provide freedom and flexibility. You may schedule work around your most productive hours. From hectic scalping to relaxed swing trading, there is a strategy for everyone.
Start Working From Home Today!
These tips will work for any remote occupation. To work efficiently, freelancers, self-employed businessmen, and traders need the right mindset and a suitable space. Follow our guidelines to create the perfect workplace at home.
