Do You Have A Back Up Plan To Make Money During Covid-19?
If you would like to know How To Make Money During Covid-19, then this article is for YOU! On April 30, 2020, Dr. Anthony Fauci, Director of the National Institute of Allergies and Infectious Diseases (NIAID) …..said a coronavirus vaccine is “doable by January. But this is not the total answer”.
The Good News is it is promising. The Not So Good News is that the timing of this may further erode your personal savings. You want to make money during Covid, not watch your savings vanish.
The THREAT Is Real
In the USA alone, the Department of Labor reported that “the number of persons employed part-time for economic reasons, at 5.8 million, increased by 1.4million in March.” A similar trend is occurring across the world – many people are working shorter hours and in some instances no longer have a source of income.
Covid-19 has peeled back the hidden faces of worry, fear, opportunity, camaraderie, the power of the human spirit and doing so on a level playing field.
This disease is not a respecter of persons, we are all being encouraged that our best haven is in prevention, not the cure, at least not yet. For the first time in my history, there is collective conscious recognition that when I protect me, I protect you and vice versa.
During this time, in keeping with the guidelines for staying safe, many companies have had to implement new ways of working. An expansion of distant working/work from home, reduced hours and shift systems and early vacation for some, to name a few.
The purchase of hand sanitisers, hand washing liquid, gloves and masks skyrocketed as companies tried to create a prevention barrier in the workplace.
Some companies are doing well, some are struggling but continuing, many are seeing the emergence of opportunities to enhance their offer, increase their online presence (for store front and operations). With more and more people surfing the internet for solutions daily, it is a good move to meet customers and prospects where they can be found!
Covid-19 has disrupted many supply chains across the world from food production to other goods and services. An example of a good that saw initial disruption of supply was in the manufacture of face masks. On a more positive note, the manufacture of masks created opportunities for other companies and individuals from both an international and local standpoint. The thrust to stay safe and practice prevention is paramount for you and I.
IT’s YOUR Time
You want to value the time by engaging in value adding moments. Value that will grow as you do. This is the seed you plant now, to soften the natural erosion of inflation and other unknowns.
Similar to the example of the mask above, your expertise and knowledge of having managed your reservoir of things learned and enjoyed thus far can be a forward pivot for you. You want to make your time count, right?
Where do people go to find information? On the INTERNET. There are many business opportunities that can be sourced via the internet. if you’re worried about scams and shams, I can totally relate. There is a way to anti-scam yourself when it comes to the internet. I’ll show you how in detail later on.
For now, a simple rule I’ve learned to live by after being burned a bit is to assess the value you get before you give anything. You should make a dollar before you give a dollar (not always literal:-)). The value of a dollar can come in many ways, see below for two examples:
- Learn something – enriching your understanding of concepts and insights of how you can own an online business
- Transform yourself or something you are passionate about – e.g., take an idea you currently have to the next level is good value for $1, right?
Here’s a good example of Value First!:
Do you have an online presence – website?
Collect your free website here. That’s a $280 value for $0.
You also get a bonus with the free website – TRAINING. You get 10 free lessons to support you in building your online business successfully from the ground up.
You’ll learn how to:
- Make money online ($$)
- Choose a niche (where passion and profit meet, you’ll be pleasantly surprised)
- Build quality content (Google likes this and will bring you traffic from far and wide – free (over time))
The training is at least another $300.00. You pay $0. THAT’S VALUE FIRST!
You want to start building your business today because you don’t know when a total cure for Covid-19 will emerge for us. There is no going back to ‘normal’ a new normal is evolving with each passing day!
Are you HEALTHY?
- Do you have a desire to be your own boss? (desire; check)
- Are you struggling to choose what type of business you could own? (struggling; check)
- On a scale of 1 – 10, where 1 is not interested and 10 is I’M READY TO DO THE WORK, what is your readiness level to start today? (7 and above; READY!)
If you answered 2 out of 3 correctly, you’re ready to get started.
For his doctoral thesis, David Modic of the University of Exeter cited a definition for a Scam that makes it easy to understand: A scam is a fraudulent request. Alternatively, many of us are inclined to relate a fraudulent request with that of a Ponzi Scheme.
The US Securities and Exchange Commission defines a Ponzi Scheme essentially as an investment fraud where the organizers promise high returns in a short time frame. The funds from new investors are used to pay ‘fake’ returns to earlier investors. They use money from new investors to pay earlier investors and may steal some of the money for themselves.
David Modic postulated (Willing to be scammed:How self-control impacts Internet scam compliance) and found empirical evidence that ties compliance to a 3-stage process:
- We assess it as plausible (e.g, get-rich-quick – especially feels good when we are low on funds)
- We respond (we jump in to invest)
- We lose out (if we have any gains, it is eaten up by significantly more losses)
I’ve found that looking at a Ponzi Scheme helped me to better appreciate David Modic’s 3-stage process much more easily.
This has been tried and tested many times and I even advised a couple of folks more recently and they found it to be quite helpful: 3
Will I enjoy doing this? Is this something I could be or am passionate about? If you made $0 dollars in the first month would you still enjoy doing this? That’s important, because you want your business to have a reasonable shelf-life to build passive income for you (passive income is you work first and then over time the business works for you).
Is there a ‘Free’ version (webinar, podcast, masterclass, a small window to play for real) to help you better understand the idea/business model? (quality offers, understand that some may not be familiar with the business idea and offer up front value to help build awareness to support decision-making)
Am I comfortable deep down in the gut to move forward. Give yourself 24 hours before responding (if the answer isn’t clear to you, initially). To truly find your comfort level, I’ve had to push past the fear within, then if that was calm, I’ve found the decision to be the best for me at that time.
HOW WILL YOU MAKE TODAY COUNT?