How To Make Money In The New Economy – Oil used to be an essential commodity on earth – it still is – with billion dollar companies like Chevron, Total and Mobil profiting from these resources. However, with the advent of technology, things are changing, leading people to look for ways to get rich in this new economy.
Companies like Facebook, Amazon, Apple and Google have created a new oil for this new economy, which is “attention”.
How To Make Money In The New Economy
This rise in tech companies has also led people to acquire skills relevant to becoming rich in this new economy.
Introducing How They Make Money
The rise of unemployment by more than eight percent for almost four years has also led to people getting creative to make money in this new economy.
You can create a full-fledged Shopify eCommerce store. Create a niche and sell a range of goods on your website.
Use Facebook advertising to promote it. There are numerous blue ocean niches that are less crowded with competitors compared to the more congested niches that have given rise to an endless sea of sellers competing for the attention of consumers.
In Nigeria, there are 1,039 active Shopify stores. In the third quarter of 2022, Shopify stores in Nigeria were up 57% year-on-year.
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With 6.3 million overall sellers and an astounding 1.5 million active sellers in 2021, Amazon is one of the largest marketplaces in the world.
A great place to sell used books is Amazon. However, you can also sell a wide variety of other goods on Amazon.
Starting an Amazon FBA business is another option. You can buy items from AliExpress and have them delivered directly from Amazon.
It gives you an almost hands-free way to run an online store without the hassle of handling returns and customer service.
Growing Nyc’s Cooperative Economy
A professional property management company that specializes in short-term rentals can help you manage and rent out the property.
According to surveys, 2–4% of people who use Airbnb report that they would not have made the trip if there were no Airbnb homes available.
Webinars are a wonderful thing. Creating an evergreen webinar can be a simple way to make money online.
Create an automatic monetization webinar using GoToWebinar, by far the best webinar platform available.
How Influencers Make Money; Poparazzi Pops To The Top — The Information
About 91% of webinar marketers in 2021 think their efforts were successful. This is 10% higher than in 2019.
More than 4.62 billion people use social media worldwide. Since 2012, social media use has increased at a compound annual growth rate of 12%.
Run Facebook ad and other paid ads, for example, on Google or YouTube. If you know what you are doing, you can make a big profit. People will happily pay you a significant percentage of that ad spend if you can achieve high conversion rates.
The need for online education is increasing. In 2020, the sector as a whole was estimated by Grand View Research to be worth around $5.6 billion. It increased by 33% to a $4.2 billion sector in 2018.
Making My Mark On The New Economy Canvass
You can earn money while working from home with just a laptop and an internet connection if you know a second language or how to play an instrument. Use Google Hangouts, Zoom or Skype to teach one or more individuals simultaneously.
Make use of top lighting and photography. Create sensory-rich descriptions that persuade customers to buy what you sell.
E-commerce retail purchases are expected to increase from 14.1% to 22% in 2023. This proves how viable this niche is to make money in this new economy. It’s time to be an entrepreneur in our new economy. Things won’t be “normal” for a long time, but there are many ways to make money and maybe create bigger things for the future.
I have been an entrepreneur since I was young, creating various businesses, large and small. I imported and sold leather clothing from Spain in the 70’s, owned the largest food and cookware store in the Southeast in the 70’s and 80’s and opened a chain of retail alterations and monogram stores that became a franchise in the mid 80’s.
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In 1989 I became a clinical nutritionist and later opened my San Antonio natural health center, office suites and meeting rooms.
Notice what is missing. What is needed “Why isn’t there a ….?” Opportunities pop up all the time in your daily life. Especially now you can find them everywhere if you look. Whether it’s a little rent or a whole new business, look for what’s needed NOW.
#1). What can YOU use now? Chances are, someone else needs it too.#2). What can you do? Sing, count, play ball, run, keep books, dig, learn, cook, garden, ride, sew, hammer, draw?#3). On a larger scale, what do others need right now? Is there a small business opportunity in this recession?
Think. Listen. Observe. Put your mind and hands to work. Like the unemployed man who made a squirrel feed picnic table for his backyard during Quarantine – it turned into a business sensation. Someone needs your ideas!
Things To Sell To Make Money
Here are some random ideas off the top of my head from small scale “neighborhood” thinking. Many are Virtual or from a neighbor’s porch. Market in your area and on your social media.
HELP WITH KIDS AND PARENTS: play ball every day with a child, teenager or Dad – set up hoops, obstacles, portable targets; backyard baby sitting; spend time with elderly parents or disabled relatives virtually or from the yard; set up pickleball and play with the family; teaching children and adults in drawing, computers or languages; help with budgeting, taxes or submitting relief forms
NEW SKILLS: coach adults and children in better cycling, running, basketball, voice, soccer or piano; upgrade your photography skills and take “formal” family photos; teach the low tech how to Skype/FaceTime or take online classes.
BETTER HOME AND GARDENS: designing, digging, planting and weeding gardens; do small home repairs that busy handymen won’t (a handy neighbor is always in demand); clean the deck and deck furniture; play with and baby sit dogs and children outside; stencil designs on bedroom walls; fine furniture; repair small cars; chainsaw cut limbs and trees; house sit houses for sale or rent; store a boat or RV at your home; create fun garden art (mobiles, feeders, mosaic stepping stones); clean and organize garages.
Schedule For The Next:economy Summit
ENTERTAINMENT: pick up and install TVs for sale; learn guitar/harmonica/flute; help a child write, record and perform a song album; buy, set and install a new household pet like goldfish or a hamster.
FOOD IS LOVE: give virtual cooking lessons to a neighbor in real time; teach people more ways to use their appliances (slow cookers, Insta Pots, steamers, grills); cook and deliver simple meals from your home.
ASSIGNMENTS: many people don’t drive or are afraid to go out – help them and they might have other jobs for you.
Your building, your street, your neighborhood. Place leaflets by the mailbox, corner, under doors. Put your happy face on the flyer to encourage confidence. Add a referral from a neighbor.
Changes To Make In This New Economy
Find that niche and fill it. Maybe it’s pocket money, but being productive is a healthy thing. Bigger opportunities come when you show up for the little things.
My wonderful eatery and cookware store came from a simple but unsuccessful quest to buy a souffle dish in the days before it was widely available. Where!
Let your imagination run wild and enjoy playing the “what if” game with your family. If you’ve been on a one-track career, you might find a niche that can grow into a respected company.
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Facebook Plans To Pay Creators $1 Billion To Use Its Products.
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