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Thursday, October 22, 2020

COVID-19: 3 Tips to get ahead in this crisis

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Without a doubt, we are in one of the most difficult times for the world in recent decades. There is an international health crisis that is directly impacting the countries economies.

Many companies have had to pause their activities, and this is directly affecting the economy of families.

If businesses stop receiving income for a long period, and their operating expenses continue, they could be seriously affected and even disappear.

Some companies will choose to fire part of their employees to survive. This will make many families unable to maintain the payment of their mortgages, cars, and other day-to-day expenses.

The International Labor Organization considers that this Pandemic could destroy 25 million jobs around the world. Which will unleash an economic and social crisis, for which few people are prepared.

The question is: are you ready for this situation?

On this occasion, I will share with you 3 tips that will be of great help to be able to cope with everything that is coming.

1. Start shopping online:

Start shopping online
Start shopping online

We are indeed at a time where we must avoid unnecessary expenses, and make our money work, especially in the event of any unforeseen event.

Still, many fixed expenses are necessary to keep our homes running. These include expenses for food, hygiene, cleaning, and other areas.

Because of this, many people are leaving their homes to do their shopping at self-service stores. Situation that can increase infections and therefore lengthen the quarantine period further.

For this reason, it is highly recommended to use online platforms to be able to purchase those basic necessity products. In this way, you can avoid infections, and it is even possible to save more on our purchases.

Many online stores offer more discounts and offers than physical stores.

In fact, today, there are many brands that, being manufacturers, sell their products over the internet at very affordable prices since they avoid intermediaries and therefore reduce distribution costs.

E-commerce is a trend with a lot of growth in recent years. But situations such as the current crisis, make it one of the best alternatives to acquire your basic necessity items and even to generate additional income.

2. Generate additional income from your home.

Generate additional income from your home
Generate additional income from your home

It is always important to be aware of new opportunities to generate additional income, but today more than ever, many people will be forced to look for alternatives.

The internet opened the door to generate important sources of income, even without having to leave home, something that today a large number of people are looking for.

As I mentioned earlier, e-commerce can be an excellent option to earn more money from home, and it is as simple as getting a product at a good price on the internet and redirecting it to a niche market that needs it.

Dropshipping: Sell without inventories

Dropshipping Sell without inventories
Dropshipping Sell without inventories

For this, there is dropshipping with Amazon FBA, which is one of the most profitable business models on the internet. It is a system where your main job is to get a supplier of products from another country that can offer you good prices, and ask them to send directly to Amazon’s distribution centers.

Referral Marketing

Referral Marketing
Referral Marketing

Today many companies manufacture products that pay commissions to those who refer them and connect them to new customers. Many of them sell through the internet, which greatly facilitates their scalability in these times of crisis.

The first thing you should do is find a company of this type that has a product that you already need. Start by buying your items to test their quality, and this can take just a couple of days.

Once you have verified that the products are a good option to refer, start talking online with those people who can benefit from these alternatives just like you.

Usually, these types of systems have very simple to use and very duplicable internet platforms.

3. Visualize into the future.

Visualize into the future
Visualize into the future

A crisis for many may seem like the end, while for others, it is one of the greatest opportunities in their lives.

The crisis is always necessary for growth, it is a normal part of the world, and we must know that after a moment of darkness, the light will always come out again.

Everything that is currently happening is going to generate a readjustment in the economy and in the way we live.

Once the quarantine and the stoppage of activities are over, consumption will have exponential growth that many businesses will be able to take advantage of.

In addition, the internet will become one of the most important ways to capitalize and generate income.

The people who will take advantage of this readjustment are those who at this moment, can find the areas of opportunity in the market.

What will people need after this crisis is over? What will be the market vision after this chaos? Where will we all go as a society?

I can guarantee you that those who are able to respond more accurately to the above questions will be able to impact the world and change their lives forever in the process.

 

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