The COVID-19 crisis has drastically changed the world we live in. From governments and local communities to healthcare and educational systems, the pandemic presented tough choices to everyone. Two of the sectors most significantly affected by COVID-19 were education and employment.
The pandemic resulted in the most extensive disruption of education systems in human history. So far, it has affected nearly 1.6 billion students in over 200 countries. Closure of education institutions ranging from elementary to advanced levels impacted almost 95% of the student population worldwide.
Despite the disruption it caused to global education systems, COVID-19 also accelerated the digitalization of education. In some countries, where plans for transitioning from traditional mode of education to e-learning were already underway, the pandemic only accelerated the process. The Korean government, for instance, introduced online STEM classes during the lockdown. While students watched video-based educational content, instructors monitored their progress and provided constructive feedback.
The global e-learning marketplace is expected to grow to $325 billion in 2025. In 2017, nearly 77% of United States corporations used digital learning. Now, 98% of them plan to inculcate e-learning in their organizational cultures.
In addition to education, the 9-5 employment sector also experienced tremendous change during the COVID-19 crisis. The pandemic triggered one of the world’s worst employment crises seen since the Great Depression. According to the Census Bureau, there were still 4 million fewer employment opportunities in October 2021 than in February 2020.
How Did COVID19 Precipitate the Great Resignation?
Although the pandemic wiped out millions of jobs and rendered many more homeless and struggling to make ends meet, it also paved the way for a fascinating phenomenon: the Great Resignation. According to the U.S. Bureau of Labor Statistics, over 47 million Americans voluntarily resigned from their jobs.
Some of the possible factors that led to the Great Resignation include wage deflation amid the sharply rising cost of living, job discontentment, and safety concerns arising from the pandemic. The term ‘Great Resignation’ was formulated by Anthony Klotz, a senior professor of management at Texas A&M University, in May 2021 when he warned of a mass exodus from the job market.
The Mass Exodus & the Boom of New Businesses
According to management professor Jacqueline Kirtley at Wharton School of the University of Pennsylvania, people have been quitting their jobs for pragmatic reasons, including lack of child care and safety concerns. Others have been resigning because COVID-19 has made them rethink their life and career goals.
“It is challenging because the labor market isn’t looking like employers are used to it looking. You’re seeing that every time you go to a restaurant, they have lots of empty tables.” (Jacqueline Kirtley)
Over the past few months, there has been a significant increase in new business filings, indicating that many workers are quitting to kick start their own entrepreneurial ventures. While not everyone is going to turn into the next Jeff Bezos or Elon Musk overnight, several people are eager to turn their passions into income-generating ventures.
COVID-19 has also fueled people’s quest for alternative sources of income. Many Americans who were running side hustles for extra income, such as driving Uber or Lyft, turned those opportunities into full-time work opportunities.
E-Learning: A Booming Industry in the Post-Pandemic Arena
The COVID-19 crisis saw a significant shift from traditional modes of learning to e-learning. Although digital education has gained considerable traction over the past few years, the pandemic enhanced its popularity. It’s getting more evident that investment in education technology is increasingly becoming lucrative by the day.
More and more people are now switching to remote work and freelancing opportunities. Digital learning platforms are proving to be an excellent avenue for people to earn passive income online. Everyone is good at something. E-learning platforms offer people opportunities to showcase their creativity and talents.
How You Can Earn Income Remotely
If you’re looking for a way to earn passive income online, here’s how you can achieve your goal. The barriers to entry are extremely low. And if your course doesn’t attract any clients, the only thing you’ll end up losing is time.
The first thing you need to design an online course is an idea. Find out what you can teach and how you’ll do it. Do you have knowledge or skills in any domain that could potentially be useful for others? Chances are you have. Do you have a unique solution to a common issue? If you can’t think of something, find something you’re really passionate about and take it from there.
Once you’ve figured out what you want to teach and how you want to teach it, you’ll be eager to start developing content for your course. However, before you do that, you should determine where you’d want to host your class. The platform you choose to host your class will have a significant impact on the success of your course.
Since e-learning is a booming industry, its competition is really high. This creates several options for instructors at competitive prices. HOW OH is an emerging online learning platform that enables beginners and professionals to share their knowledge and experience with the world and earn an income remotely. Here, you can monetize your knowledge, expertise, and experience in the form of pre-recorded videos and audio or live streaming formats. Topics can range from humanities, technology, lifestyle, society, and anything people want to learn.
After choosing the perfect platform to promote your course, it’s now time to start generating content for your course. There is a myriad of methods to generate course content. Based on what course you’re teaching and your own preferences, you can choose the most suitable one. For instance, if your courses are centered around programming and software programs, you can use recording software to record your screen and voice.
There are other options besides video format as well. If your interest lies in teaching social sciences courses, you can also develop PDF documents or web pages containing your content. HOW OH has a course builder embedded in its website to create and edit content. Content creation may be easy but usually takes up a lot of time. Just keep in mind that good content takes some time to make.
Once you’re done with content creation, you need to ensure that your targeted audience is actually able to see it. Suppose you host your course on HOW OH, it’ll be automatically marketed to prospective students. Keep in mind that if your potential students don’t know your course exists, they’ll never buy it, no matter how excellent your content is.
The Bottom Line
The digital age has opened up a plethora of opportunities for people to earn passive income online and diversify their income streams. Online learning is a fast-emerging industry that enables you to learn as well as monetize your knowledge and experience. It’s pretty easy to earn income remotely through an e-learning platform.
HOW OH offers you an excellent opportunity to host your online course while taking care of most of the tedious logistical responsibilities. With this platform, you’ll have the freedom to develop what course you want to teach, how you plan to teach it, and when you want to deliver it. Your hard work and determination blended with HOW OH’s state-of-the-art technology will help you become a professional in the field of online learning.
