To put it mildly, the job market is volatile right now, especially in the tech industry. Many professionals are worried about how to make ends meet if they lose their high-paying jobs and benefits. Even worse, the hiring process has slowed due to lengthy interview structures, which have led to an increase in uncertainty regarding new job openings.
What if these professionals could do?
Start a Business
To monetize the knowledge they have gained from their previous (or current) jobs? This unpredictable time is also the ideal opportunity to apply education, experience, and expertise acquired.
Here are some options that will help professionals earn extra money while also enhancing their brand.
How to become a paid speaker
You can find thousands of speakers who are paid to speak regularly at conferences, universities and corporations. Before you begin your efforts, it is important to develop two or three signatures.
You should include semi-detailed descriptions of each, including the highlights of your experience. After that, you'll need to create a professional site that features a speaker media package with video examples of your presentations. After the first few gigs you should add some clips of live audiences to this section. Also, for this area and the ones listed below, it may be a good idea to set up an LLC. You can also get a tax number and a logo.
Speaking business can be very lucrative, and it also offers exposure to new employment opportunities.
Consider adjunct professorship
Many industry executives who are affected by layoffs have master's degrees and therefore qualify as
Some people teach remotely or only a few days a week. It's a way to help the next generation while also getting paid for teaching a subject aligned to your professional expertise. Being a professor can be a great way to build your personal brand, and some people land consulting or other opportunities through the academic pipeline.
Create content that is paid for
In this digital age,
It is possible to earn extra income by creating courses, books (including eBooks), and coaching programs. In the past three years, paid career content performed particularly well on platforms such as Patreon YouTube and TikTok. It is important to brand, market and sell the material to the correct audience. I suggest using social media, email lists, and professional online communities.
Find a remote part-time job
If you are able to secure a decent hourly rate, part-time remote work is a great option. Many companies offer flexible schedules on weekends or evenings. Start your search on websites such as Indeed, LinkedIn and Glassdoor. This is a good time to start looking for a job, as companies are reducing their full-time positions.