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There’s no doubt that the coronavirus pandemic has changed the labour and business markets significantly, with this impact far-reaching given the capacity of Covid-19 to reach almost every country in the world.

Make no mistake; the coronavirus has left a heavy economic burden and precipitated a high rate of inflation in the UK, while the long-term cost of lockdowns will continue to be repaid for a considerable period.

Studies have also shown that the trend for remote and hybrid working (which was accelerated during Covid) is set to continue indefinitely, with 84% of the workers who were forced to work from home during the pandemic committed to a hybrid working arrangement going forward.

How WFH is Impacting the Labour Market

Interestingly, it’s thought that nearly 60% of the UK workforce now favours a hybrid working model in the wake of Covid, with this preferred to attending the office five days each week and working fully from home.

The reason for this is simple; it helps workers to strike a desirable and flexible work-life balance, both in terms of the social aspects of attending the office and creating a working schedule that suits their commitments.

In the current economic climate, hybrid working also enables you to save time and significant amounts of money on commuting, which could make a huge difference to your financial circumstances. Similarly, working from home may make it easier to seek out additional and passive income streams, especially if you have a clear and marketable skill.

On a similar note, jobseekers may also change their approach in a labour market dominated by WFH, as they seek out flexible careers that can be done primarily from the comfort of their home.

3 Professions You Can Comfortably do From Home

On this topic, let’s take a closer look at the best and most lucrative professions that you can do from home. These include:

• #1. Freelance Blogging: While the halcyon days of blogging may be long gone, there’s still profit to be made by creating a niche and informative site that’s coveted by readers and advertisers alike. Although this will require time and effort, over time you’ll be able to effectively sell lucrative ad space to targeted clients, while there may also be an opportunity to invite similarly informed guest authors who pay a premium to publish on your site.

• #2. Market Trading and Investment: While successful financial market trading may require you to learn about your chosen asset classes and create a diversified portfolio over time, becoming a speculative forex trader can deliver passive income and significant profitability going forward. The key is to use a demo account through your broker to gain practical market experience while using risk management tools and conservative leverage as you target incremental gains.

• #3. Selling Online and Dropshipping: In the digital age, it’s easier than ever to raise income and generate money by selling items online through sites such as Amazon and eBay. For those of you who want to build on this and generate more money, you may also want to consider becoming an affiliate or drop shipping. With the latter, you’ll sell in-demand items and have these shipped directly by suppliers while realising the difference between wholesale and retail prices as your profit.

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