Whilst some are able to transition to working from home, many cannot do so due to the nature of their work.
This means: it’s time to think of alternative ways to generate income.
Those with diverse passive revenue streams are better able to ‘weather the storm’ of crises such as COVID-19, by relying on other sources of income when one dries up.
In many cases those extra revenue streams stem from e-business and online business activities. E-business is already transforming the world economy, to the extent that economists are dubbing it the Fourth Industrial Revolution. And it is evident why: statistics show that e-commerce (a subset of e-business) is growing by a staggering 23% each year. E-business does not rely on personal human interaction; you can manage your business from your computer in the safety of your home. As a result, e-business is comparatively stable and unaffected by the crisis that is ravaging other industries.
Start your own e-business
Starting your own e-business does not need to be complicated! With the help of platforms such as Etsy or Ebay you can start your own online business in a matter of minutes. Etsy specializes in selling hand-crafted items, so if you have a passion for crafting, Etsy is the platform for you.
If you have worked in a certain profession for some time and have acquired useful tips and tricks you would like to share with others in your field, consider setting up your own website and hosting webinars. Webinars are a great way to monetize this knowledge whilst also helping others.
Alternatively, if your experience has left you with a treasure trove of great Best Practices that are simply going to waste, Eloquens.com can help you to transform them into a profitable revenue stream.
No need to create your own website, just get straight down to business…