Graphic Design

How to Handle Lost Income During COVID-19

If you are one of the millions of Americans affected by the novel coronavirus, then you’ve likely felt a large impact on your finances.

The restrictions brought about by the current pandemic have made many businesses unable to operate. As a result, many people are out of work or working reduced hours.

According to Console and Associates, P.C., employers are refusing to compensate their employees. Should this be the case, you may need to sue your employer for unpaid wages.

However, most situations are not this drastic. Instead, you’re likely facing reduced hours. This is still incredibly challenging, especially if money was already tight.

Fortunately, there re several ways to make up for lost income during COVID-19. We’ll go over a few useful suggestions for this below.

Reduce Expenses

A good starting point is to reduce unnecessary expenses.

When it comes to fitting a budget, you must control your cash flow. This requires adjusting either where your money goes or how much goes in. The easier choice is to change how much you’re spending each month.

Many things you pay for likely aren’t essential. Your necessary expenses include things like rent, utilities, and groceries. Anything else isn’t required for survival.

Expenses that aren’t essential can be considered luxuries. This includes costs like cable, frequent takeout, and new clothes. Chances are, you’re likely paying for several extra things each month that can quickly add up to hundreds or even thousands.

While luxuries certainly add enjoyment to your life, they are expensive and serve as a good elimination if you’re struggling to make ends meet. Take some time and look at where your funds go to see if there’s anything you can comfortably cut.

File for Unemployment

If you are unable to find work, you should file for unemployment.

This is arguably the most important tip here because the government is an excellent source of assistance right now. Typically, filing for unemployment is fairly difficult and many are rejected.

However, coronavirus has greatly shifted things and now most Americans are eligible for unemployment due to relaxed requirements. Even better, the money provided during the current pandemic may be higher than what you would’ve earned normally.

If you’re eligible for unemployment, you’ll receive the standard state amount and up to $600 because of COVID-19 every week. Across a whole month, unemployment benefits are significant and can easily cover all of your expenses.

One thing that’s important to note is that how much you receive will depend on how much you work. You can still receive unemployment while working reduced hours, but you will receive less in unemployment.

Considering this, you should take advantage of unemployment to help you through coronavirus for as long as it lasts.

Consider Freelance Work

Another good choice is to consider freelance work for extra income.

While your regular job may no longer be available, that doesn’t mean you can’t do other work. In particular, you can work from home by doing freelance projects.

If you have a valuable skill like programming, graphic design, writing, or marketing, thousands of businesses and clients online need good work done. You can complete projects for them and earn money while not being directly employed for them.

You can think of freelancing as similar to selling a product to someone, except in this case you’re selling your services. It doesn’t have a formal process to initiate and anyone can get started!

Something to keep in mind is that freelancing is not necessarily easy money. It requires hard work, commitment, and discipline to complete projects without oversight. If you can manage it, you’ll have a nice source of extra income during the pandemic.

Ask for Creditor Assistance

You can also ask your creditors and lenders for payment assistance.

One silver lining to coronavirus is that many financial institutions are becoming more understanding about payments. The biggest indicator of this was the federal tax filing deadline being pushed back by three months.

Other businesses are following suit. This includes credit card companies, mortgage companies, and student loan providers.

While some companies are automatically offering assistance in the form of eliminating late fees and reducing minimum payments, you may not be benefiting from this. You should reach out to your creditors and let them know your situation.

Realistically, most lenders will be understanding because COVID-19 is unprecedented. It has a severe financial impact on everyone and it’s unreasonable for creditors to expect prompt payment with all things considered.

When you speak to them on a personal level, they may be able to help you out. You may be able to refinance a mortgage or pause credit card and student loan payments.

Seek External Help

A final suggestion is to not be afraid of seeking external help.

Many people are proud and don’t feel good about asking others for money. Unfortunately, times are dire and without easy ways to make money, you may have less flexibility than you’d like.

While you may not be financially flush, plenty of others are thriving. In particular, several relief funds have been created to help specific groups like small businesses and artists.

While federal and community relief are two good options, you should also look locally. Specifically, you should reach out to friends and family members that you know can help.

You might be surprised by the generosity of others. Considering that nobody has experienced a pandemic like what we’re seeing today, it’s a way to come closer despite currently needing social distance.

Closing Thoughts

Because coronavirus has halted many businesses, you may find yourself working reduced hours or none at all. This is surely terrifying because you have bills to pay and finding a new job isn’t easy right now.

With this in mind, there are a few things you can do about lost income. You can reduce your expenses, file for unemployment, consider freelance work, ask for creditor assistance, and seek external help.

Ideally, you’ll take advantage of multiple financial strategies. While your options for work are limited, you can still survive during COVID-19 by being resourceful.

7 Creative Marketing Ideas for any Business

The best marketing efforts of the previous year make them seem in like manner – they all did considerably more than simply advance their image. The battles we cherish and that have the greatest effect make us consider the business in the world everywhere, and our place in it. Worldwide and national organizations can do this effectively, however, it’s vital for littler organizations to likewise consider new ideas or creative marketing ideas.

Getting inventive with your marketing efforts after going through the business database can enable your business to pull in new clients. Here are seven of our most loved inventive marketing thoughts that you ought to consider actualizing in your crusades this year and next.
  1.   Discover Giveaway Opportunities That Align With Your Brand

Challenges and giveaways are an extraordinary method to get consideration on the web. Everybody adores winning something and by reliably running fun, minimal effort giveaways, we’ve had the capacity to fourfold the accompanying for one of our customers in the course of the most recent two years. You’ll get a commitment, yet it takes more than that to change over that commitment into deals.

  1.   Give Your Graphic Design a chance to move Your Creative Marketing

On an all-around structured site, the client experience through will be consistent and simple. Yet, imagine a scenario in which that client’s involvement with your site really starts before they snap to your landing page. In the event that you need to be innovative with your computerized marketing ventures, you can’t be hesitant to utilize striking visuals that will catch the client’s eye.

  1.   Draw Back the Curtain With Social Media

For quite a while, “legitimacy” has been developing as a marketing popular expression, and organizations are focusing on it. Everybody is endeavoring to discover better approaches to demonstrate to their clients who they truly are. Web-based life is the best stage for genuineness since it expels the marketing agent.

  1.   Make Content People Want To Read

Nobody goes online to feel like they’re perusing a course reading or a series of key phrases stuck together. In case despite everything you’re stuffing catchphrases into your content, it would be ideal if you just stop that now. The blog is the primary spot clients look when they have inquiries concerning what you do or how you can support them.

  1.   SnapChat GeoFilters

While SnapChat has sort of endured it since their screwed up overhaul some time back, Individuals are as yet utilizing the stage. SnapChat GeoFilters are tremendously undervalued. You can almost certainly get a great deal of good perceiving ability by making a marked and fun GeoFilter.

  1.   Repurpose Content

One major open door any business has is to assess all the content that they possess and begin discovering new and fun approaches to utilize it. Have you composed a blog entry that got a great deal of footing? You can just make it into a video! Split it up and share it in pieces through the internet life and update it for the following year. Google loves crisp content and refreshing performing posts is normally seen in all respects.

  1.   1:1 Video

We are so amped up for the development of coordinated video. There has been a great deal of exceptionally cool things originating from organizations like VidYard or HubSpot around utilizing video to draw in target records. We have begun utilizing them at HIVE for some record based marketing and it’s taking off like rapidly spreading fire.

Video rules our consideration today. However, why stop there? By utilizing personalization in your video, you can acquire thoughtfulness regarding your recordings and guarantee that your prospects watch the entire video.