Connect with us

Success Advice

3 Ways to Turn Times of Chaos Into Cash

Published

on

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.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

How to Choose the Best Affiliate Programs for Your Blog

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers

Published

on

how to choose the best affiliate programs for your blog

Picking the right affiliate programs for your blog is really important. It can make a big difference in how much money you can make and how much your readers get out of your blog. With so many choices out there, deciding which ones to go with can be tricky. 

This guide is here to make it easier for you. It will give you clear steps and helpful tips to choose affiliate programs that fit well with what your blog is about, what your readers like, and what you stand for. 

For more articles on this theme, please head over to this blog https://blog.partners1xbet.com/.

Understanding Affiliate Marketing

Before you start picking affiliate programs, it’s important to really understand what affiliate marketing is and how it works. 

Basically, affiliate marketing is when you promote a product or service on your blog, and then you get paid a little bit every time someone buys something or does something because you recommended it. 

It’s great for both the person selling the product and the blogger, because the seller gets more sales with low risk, and the blogger can make money from their blog.

How to Choose the Right Affiliate Programs for Your Blog

1. Assess Your Niche and Audience

The key to doing well in affiliate marketing starts with really knowing what your blog is about and who reads it. Consider the following:

  • Your blog’s content: What topics do you cover? Ensure the products or services you promote are relevant.
  • Your audience’s interests and needs: What solutions are they seeking? Choose affiliate programs that offer products or services that solve their problems or enhance their lives.

2. Research Potential Affiliate Programs

Once you know what your blog is about and what your readers want, start looking for affiliate programs. Choose ones that are well-known for good products, great customer service, and helpful support for affiliates. Resources to find these programs include:

  • Affiliate networks like ShareASale, Commission Junction, and ClickBank.
  • Direct searches for “[Your Niche] affiliate programs” in search engines.
  • Recommendations from other bloggers in your niche.

3. Evaluate the Commission Structure

The commission structure is a critical factor to consider. Look for programs that offer competitive rates that make your efforts worthwhile. Consider:

  • The percentage of commission per sale.
  • Whether the program offers a flat rate per action (e.g., per sign-up).
  • The cookie duration, which affects how long after a click you can earn commissions on sales.

4. Consider the Program’s Reputation and Sureness

Join affiliate programs with a solid reputation for quality and sureness. This not only ensures that you’re promoting good products but also that you’ll be paid on time. You can:

  • Read reviews from other affiliates.
  • Check the program’s history and background.
  • Look for any complaints or issues reported online.

5. Analyze the Support and Resources Offered

A good affiliate program gives you things like ads to use, training on their products, and helpful managers. Having access to these resources can really help you do a better job at promoting their products.

6. Understand the Terms and Conditions

Before signing up, thoroughly review the program’s terms and conditions. Pay close attention to:

  • Payment thresholds and methods.
  • Any restrictions on how you can promote their products.
  • The program’s policy on affiliate marketing on social media platforms.

7. Test the Product or Service

If possible, test the product or service before promoting it. This firsthand experience allows you to offer genuine charge and build trust with your audience.

8. Look for Recurring Commission Opportunities

Some affiliate programs pay you again and again for subscriptions or services that charge fees regularly. These can provide a more stable income compared to one-time sales commissions.

Implementing Your Choice

After choosing the best affiliate programs, the next step is to smoothly include your affiliate marketing in your content plan. This includes:

  • Creating valuable content that naturally incorporates affiliate links.
  • Disclosing your affiliate affairs transparently to maintain trust with your audience.
  • Tracking your results to understand what works best for your audience and adjusting your strategy accordingly.

Picking the best affiliate programs for your blog involves careful planning, research, and making sure they match what your audience likes and needs. 

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers. 

The real key to doing well with affiliate marketing isn’t just about the products you talk about, but also how much your audience trusts and values your advice. 

With enough time, patience, and hard work, your blog can grow into a successful space that earns a good amount of affiliate money and helps your readers choose the right products.

Continue Reading

Success Advice

The Power of Ethical Leadership: How Integrity Drives Success

By leading with integrity and ethics, leaders create an environment where employees feel excited to come to work

Published

on

Ethical leadership

What differentiates a positive organizational culture that enjoys a clean reputation and long-term success from a toxic culture drowning in scandals, mistrust, and legal fines?  (more…)

Continue Reading

Success Advice

10 Landing Page Hacks Experts Are Using to Generate Leads

Crafting a landing page that converts is both an art and a science

Published

on

landing page hacks that generate leads

If you are in the online marketing world, you know the importance of a high-quality landing page. It’s like a secret sauce that can turn a casual user into a solid lead. I will walk you through ten great tips that have worked wonders for me and could do the same for you in creating landing pages that generate leads. (more…)

Continue Reading

Success Advice

An Easy to Follow 8 Step Strategy for Creative Problem Solving

A complete process of creative problem-solving encompasses finding problems, developing creative solutions, and implementing your solutions

Published

on

creative problem solving

No matter where you look around the world today, entrepreneurs face a common challenge: The need to stand out from their competitors and win over customers. (more…)

Continue Reading

Trending