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Success Advice

3 Ways to Turn Times of Chaos Into Cash

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Image Credit: Unsplash

Countries are still experiencing lockdowns. Economies are struggling to stay afloat. Unemployment rates have improved since April 2020’s all-time high, but are still significantly higher than before Covid hit. New variants of the virus are arising and causing fresh concern. There’s no doubt about it, even a whole year after its arrival, things are rough.

But if you think business has dried up because of the Big C, think again.

There’s still lots of business out there. Money is still being spent. Relief funds are being funneled into different projects. New economies have emerged. So if there’s enough money going around, why haven’t you seen the profits for yourself? And why have so many businesses declared bankruptcy and closed their doors? The short answer: money movement has started flowing into non-traditional forms of businesses. Emerging economies are being created, while old economies are being overhauled. And you can profit from this. Plenty of companies already have. 

It’s not just the practical products like tissue paper, alcohol and food delivery that are skyrocketing, however. When their world is crumbling around them, people want some kind of escape, and this was most easily seen in the jump in online streaming subscriptions. With everyone stuck at home, e-commerce and virtual experiences such as AirBnB Online Experiences were saving our sanity. The key to making a profit has always lay in how accessible your product is during a crisis and how empowering or entertaining it is.

Here are 3 surprisingly simple ways that you can turn chaos into cash:

1. Focus on “How can I help?” vs. “How can I make money?”

When a crisis happens, people immediately think, “How can I get through this?” They know they need help, but they might not be able to pinpoint exactly what that help looks like. This is where you come in. Crisis creates need, so the moment you find a way to help answer those questions, you’ll be able to monetize that need.

While in lock-down, for instance, I received an ad from a young lady offering personal grocery shopping and delivery. The last shopping trip I’d taken had cost me four long hours, so I leapt at the offer. This genius girl just focused on how she wanted to help, found a price that worked for her, and started making offers. 

“The money you make is a symbol of the value you create.” – Idowu Koyenikan

2. Focus on your biggest frustration

Many of the best ideas come from frustrations! Sara Blakely, founder of Spanx, hated looking bad in white pants so she focused on her “pain” and figured out how to make it go away. She is $1.1 billion richer because of it. 

Keep in mind that whatever you’re frustrated about, somewhere there’s someone else experiencing that same feeling. You’re not the only one who can benefit from a solution. And in a pandemic or other unexpected disaster, there are bound to be a lot of frustrations.

 Here are a few reflective questions to get you started: 

 “What is my biggest frustration right now?”

“Why am I frustrated about it?”

“What do I want to have/do/feel instead?’ 

“What do I want to do about it?”

“How do I create a solution around it?”

3. Focus on what you want to teach.

If you feel as though you need to have a PHD or certification in order to teach a skill or perspective, let me change your mind. When people are stuck at home, remember that they need something fresh and new to occupy their time… and learning a new skill or hobby is at the top of the list! 2020 saw an enormous surge for language learning apps such as Babbel and Duolingo, and how about that sourdough bread-making craze? 

Plus, teaching can be done from the comfort (and safety) of your own home through video chats, pdfs, books, social media, or more complex platforms. It is an endeavor that is both versatile and forgiving.

If you’re not sure where to start, try asking yourself:

How do I think differently from others? How can I share that difference?

What can I teach? What do I want to teach? 

What about myself or my way of living do I want to share with others?

Making a profit is always possible. 

And finding your purpose, even if it’s “just for now,” is also possible. When you work at creating solutions, you’ll never run out of ideas on how to monetize any situation. And what’s great is that, since you’re focused on making life easier for others in some way, you’ll feel good—not pushy or presumptuous—about generating sales!

The bottom line: Shift your mindset from “making money” to “making a difference,” and create a solution for a problem or teach something to others. Business isn’t always about delivering or pivoting to something completely new. It’s about making the most of the resources that are already within your reach.

Known as THE Business Coach for Misfits, Maria Tan (Maria Kathlyn Tan) empowers non-conformists across the globe to create success tailored to their lifestyles. She’s been featured in Forbes and published in Addicted2Success, Entrepreneur, HuffPost, Elephant Journal, Pick the Brain, and Thrive Global, and was the only Asian woman featured in The Money Code and How to Crack It, a book that debuted at #14 on Amazon US..Before coaching online, she was a cross-cultural business and communications consultant. Her 1000+ clients over the years range from side-hustlers and new entrepreneurs to seasoned businesses who want to scale more sustainably. To learn more about Maria, visit her website https://www.maria-tan.com/ or follow her on IG  where she’s most active.

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Success Advice

20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

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You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

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Success Advice

How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

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Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

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Success Advice

How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

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In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

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