How To Make Money During Covid-19

How To Make Money During Covid-19

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

Make Money During Covid-19: The Threat IS Real Image

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

Words of Inspiration - My Top 10
If you want options, say FREEDOM.

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:

  1. Learn something – enriching your understanding of concepts and insights of how you can own an online business
  2. 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:

  1. Make money online ($$)
  2. Choose a niche (where passion and profit meet, you’ll be pleasantly surprised)
  3. Build quality content (Google likes this and will bring you traffic from far and wide – free (over time))
  4. …more

The training is at least another $300.00. You pay $0. THAT’S VALUE FIRST!

How To Make Money During Covid-19:Free Lessons Image

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?

  1. Do you have a desire to be your own boss? (desire; check)
  2. Are you struggling to choose what type of business you could own? (struggling; check)
  3. 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.

Anti-Scam YOURSELF

How to Make Money During Covid-19:Anit-scam Yourself Image

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:

  1. We assess it as plausible (e.g, get-rich-quick – especially feels good when we are low on funds)
  2. We respond (we jump in to invest)
  3. 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? 

 

 

10 Replies to “How To Make Money During Covid-19”

  1. It’s always good to diversify income! In regards to making money online, I’d say that you need to stick to a training process. Otherwise you’ll find a lot of information around that will lead you nowhere. This trainings mentioned in this post are not diamonds, they polish rough diamonds to become what they were made to be!

    1. Hi Daniel,

      Thanks for your comment. You raise a good point in sticking to a training process – F.O.C.U.S (follow one course of action until successful), sure.  Yes the training is amazing as a starter – good foundation. Although your wording is more poetic:-).

      Thanks again for stopping by.

  2. Hello, This is exactly what I have been looking for, A post in due season, the boredom is so real so also is the Threat, instead of watching movies all the time I have at home now I could try these steps you have given like affiliate marketing, this will bring extra cash to me. Thank you so much for sharing this. I’m very grateful.

    1. Hey Jomata,

      Delighted that the post is timely for you. Thanks for your feedback, glad it was helpful to you. I’m available to answer any questions you may have  as you continue to consider how to make money online.  Take good care.

  3. in these uncertain times I completely agree it would be great to have a backup plan and I was really interested in what you had to say about scams and how one is defined. 

    it definitely starts to ring alarm bells when they start promising making huge amounts of money in such short amounts of time. if it sounds too good to be true then it probably is!

    I would would really like to learn more about making money online though and been able to do that through building a website, is it something something I can work around my family? Do you need alt of technical skills??

    all the best

    Amy

    1. Hi Amy,

      Thanks for the feedback. You’re spot on – “too good to be true, then it probably is.”  Intuitively we all know that but circumstances can sometimes cloud our intuition.

      Family is important, you can definitely build your online business around your family – YOU set the pace.   

      As for technical skills, to actually build the website, you need a couple clicks.  Each lesson walks you though each step of the way. The language used is simple for easy understanding and application. And in a short time, you begin to realize what was once cited as ‘technical’ is more relatable now.

      Good questions, if you need any further assistance or have any other questions, just leave me a comment below and I’ll get right back to you.

  4. Great post, as unemployment grows and more people gets layoff, the worry to pay the bills and reactivate the economy is a big concern, this pandemic has shown and open the eyes about the need to have a different source of income than a “9 to 5” job, and for sure online business is the way to go. This is why now I am trying the same with affiliate marketing (one of your examples), and so far I’m doing quite well, so thanks for the post, I’ll be sure to share it, it has great info and is explain clearly, so hopefully a lot more people read it.

    1. Juan,

      You make a good point about people having options and this can work in tandem with a ‘9-5’ job or without. Best wishes for your continued. WA offers huge value, ideal for those looking.  Thanks for the feedback and stay safe.

  5. Its a fact that the ravaging pandemic has cost alot of people their jobs and has made life quite unbearable… If you are in the category of persons seeking to get a job during this hard time them be rest assured in are on track… Its easy, all you need to is join us at wealthy affiliate and get trained on different ways to make money all you need a a mobile and a working internet connection…. Hope you join us soon..

    1. Hi Evans,

      Thanks for sharing your personal experience – powerful.  Appreciate the comment.  Stay safe.

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