Take risks that have more upside than downside. Over the years Bitcoin has increased in value tremendously. At one point a single Bitcoin was worth $65 USD. The all-time high was $20,089. Today it stands at $8,900. For various reasons (to be covered in future posts) many are optimistic that the value could increase greatly, well beyond past highs.
Think of the change this could make. You might just make a little money beyond what you are currently receiving. If that is all that happens, that is still pretty good. But maybe you will find a new lifestyle.
If you have an audience, this can be a powerful way to build a revenue stream. Find a product you feel passionately about, become an affiliate, and promote it. This is a great way to get into affiliate marketing.
All the brick and mortar stores are closed. Many of you are out of work because of this. Can you start a store yourself, online, and maybe change your life forever? Yes you can.
If you are stuck at home during the Covid 19 quarantine, there is a lot more you can be doing than just watching Netflix. This is a time to start something great!
Research most make money online plans, be it affiliate marketing, dropshipping or print on demand, and you will find the recommendations to choose your niche carefully. This is good advice. But why?
But what do you do if money is really tight, and you don’t have the cash to put up front? Where can you make money without investing? Or, maybe you have some marketable skill. How can you quickly leverage this to earn some cash?
Now, you could spend your time off learning about web design, Shopify, and Amazon. I’ve done it the hard way - even with reasonably good technical skills, you are looking at a serious investment. Or, you go on fiverr.com, find a gig to set up a dropshipping store, pay the fee, and rejoin your family. In a day or two you get an email with the subject line “Great news: Your order is ready…That’s it - you are now running an online business.
It’s easy to think, it doesn’t matter, it’s just a small amount of money. Resist that temptation! Even small amounts of income need to be reported. Not only that, but good records can help you see what is working and what is a waste of money.
So often we get trapped in analysis paralysis. We go over every possible outcome, focusing on all the ways things could go wrong. Now, I’m not going to tell you…
For many, it is just a little extra they want. They don’t hate their job, but it doesn’t pay quite enough. They are always a little behind at the end of the month. A few hundred dollars per month would take the pressure off, maybe even allow them to save. That’s one goal.
How do you get attention? Even if you have the best product at the best price, how will anyone know?
Note: success in any given endeavor cannot be guaranteed, and will likely be dependent on efforts of individual. The participants in this web site make no promises or guarantees, and cannot be liable for the ultimate success or failure of any individual endeavor. This blog is based on the subjective experience of the author, and should not be considered professional financial advice. Proceed at your own risk.
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