How to make money in a bad economy? A question asked by many all over the globe. Many nations are hit by a severe economic crisis, affecting their citizens in every aspect of their lives.
The most affected countries are:
In these situations, considering that some of these countries’ currency is pegged to the US Dollar, the situation becomes harsh.
Hyperinflation coupled with a political crisis, currency devaluation can wreak havoc on any nation’s economy.
For example, Lebanon is hit by a severe political and economic crisis.
Adding insult to injury, COVID-19 had a significant impact on deepening the already harsh situation.
Is there a way out for the citizens of these countries? YES!
We live in the world wide web era, where possibilities are endless, and the sky is the limit.
In developed countries, many adopted the “work from home” lifestyle using the internet and the tools it provides everyone to succeed and make money online.
Everyone from every background, race, nationality, or age can earn money online from home!
Might you think it’s challenging to achieve or attain? No, it’s not!
With dedication, consistency, learning, and the right tools, anyone can make a living online.
This post will explore the different ways you can use to start an online money-making business that will generate Dollars for you, like clockwork.
Our Top 3 Money Making Opportunities are:
1- TikTok Live Streaming & Video Posting:
TikTok is taking the world by storm, with more than 1.3 billion app downloads, out of which more than 150 million are from the US alone.
We all saw the US and China political crisis caused by Trump’s decision to ban TikTok in the US or force a buy-out deal.
Why did Trump do this? The Chinese giant TikTok is gaining massive popularity in the US and worldwide, thus weakening American Instagram and Facebook.
On the other hand, the Chines outsmart Trump on this one, nearly winning the battle, and kept the TikTok Algorithm protected.
What’s in it for you?
TikTokers are making money, period.
Accordingly, you can leverage the power of the fact that TikTok’s organic reach is still massive. As a TikToker, you will get thousands, even millions, of views by posting your videos on the app.
2- TitTok Complete Step by Step System To Follow:
- Choose your niche; usually, it is something that you love and passionate about.
- Create a Business or creator profile.
- Write something in your Bio; it could be a call to action or a short description of your content.
- Upload a catchy profile picture.
- Start posting short videos consistently once or twice a day for one month. That’s a total of 60 videos.
- After a month, you will have a clear picture of what is working and what’s not.
- Check your average watch time; the higher, the better, the more the algorithm will push your videos on the “For You Page.”
- Check the analytics of your best-performing videos, and replicate them.
- Use 3 to 4 hashtags maximum; the hashtag’s job is to signal the TikTok system what your video is about. In return, TikTok will push it to a targeted, relevant audience.
- Write in the description box; many neglects this section.
- Choose a cover photo that shows the best moment of your video.
- Reply to EVERY comment you receive, follow accounts of the same niche, comment on their videos. Interact with the community.
- Share your new videos with your new and active followers.
- Jump on trends and challenges.
- Use popular trending tunes or booming tunes.
- Try and use the highest video resolution possible; this is a significant ranking factor.
- Diversify your content; this is key.
Make the mentioned 17 points religiously; in no time, you will reach the 1k follower’s benchmark, which will allow you to start live streaming.
Once you go live, your viewers can send you gifts that you can redeem in USD Cash!
You might also be approached by brands that will sponsor your videos; you can negotiate your earnings directly with them.
If you have a product to sell, you can use affiliate marketing and sell directly to your audience.
TikTok is FREE, use it correctly, and you will make money within 3 to 6 months.
3- Youtube Video Posting:
YouTube is often referred to as a social media platform; while this is not wrong, the truth is that YouTube is more of a video search engine.
Owned by Google, YouTube established itself as a giant in the video search sphere. Used correctly, Youtube can bring to your videos tons of viewers, business, sales, money from monetization, and commissions from using your affiliate links.
4- How to leverage the power of YouTube?
First and foremost, create original video content that is yours 100%. Many start Youtube channels by using videos from other creators, thus risking having their accounts frozen by copyright strikes.
The two requirements to start monetizing your videos with Google Ads are to reach 1000 subscribers and to have a total of 4,000 watch hours on your channel.
YouTube has many ways to push your content and get your views, including:
- Youtube high ranking.
- Recommended videos.
- Google, page 1, ranking.
- End Screens.
The process of ranking high on Youtube and Google is called SEO (Search Engine Optimization).
The basics of Youtube SEO are to use every single feature that the platform provides.
Write descriptive, catchy titles, write a description, use tags, hashtags, and make sure to rename your original video file the same as the title on YT.
At first, you might not see significant rankings as the algorithm is still learning about you. Stay consistent, upload high-quality videos regularly, and within six months, you will start seeing your video’s rank increase.
You will usually see that your viewers are mostly coming from the recommended videos. Use the tags feature correctly; it is the reason why YT will recommend your videos.
Consequently, you can use tools to help you find the best tags and find out the high rankers using: https://www.tubebuddy.com/.
Once you reach the required 1000 subscribers and 4,000 total watch hours, you can activate monetization and show ads automatically on your videos. When viewers click on these ads, Youtube will split the ad, earning a 60%, 40% ratio to your favor.
So, monetize your vids by dropping affiliate links for products related to your channel’s niche. These can make you a nice amount of USDs!
Promote your products yourself; after all, video is the most effective form of advertising out there.
It is worth noting that working on TikTok and Youtube is a lethal combination, especially that YT launched YT Shorts not long ago, and it’s getting traction fast.
5- Affiliate Marketing Using Wealthy Affiliate System:
This is where the real fun is; affiliate marketing is your way to financial stability and security.
Long story short, the process is very straightforward; you build a website around a niche of your choice, post articles, and embed links in strategic locations.
Once clicked, the link will send your audience to a product page, and if they buy, you will get commissions. You do not have to worry about shipping or storing the products; the seller processes everything.
Some of you might find the idea of creating a website difficult. It’s not!
We have found the right place for you to start with all the tools and step-by-step training you need all in one place.
Wealthy Affiliate, leading the affiliate marketing industry for more than 15 years, the state-of-the-art platform provides you with everything you need to build and sustain your online money-making business.
6- Wealthy Affiliate Advantages & Benefits:
- Domain names marketplace.
- WordPress website builder.
- Step by step training system.
- Live chat support 24/7
- High-speed hosting.
- Huge courses library.
- Site Comments
- Site Feeback
- Keyword research tool
- Access to a community of like-minded entrepreneurs.
- If you sign up through one of my links, I will be your coach.
In addition to the above, you can have seven days of FREE access to the premium package for you to test the waters and try out the system.
After the seven days are over, you can choose to stay on the FREE membership.
7- Wealthy Affiliate Premium Membership:
If you upgrade to the premium membership, you will benefit from full access to all the tools you need to succeed online.
The premium membership is at only $49, including high-speed hosting, full live chat 24/7 access, access to the premium courses, and training.
One of the essential tools and practices to make money online is the choice of keywords.
You should b able to find a keyword that has a decent amount of search volume yet with low competition for you to rank high on Google.
For that, Wealthy Affiliate premium members have full access to Jaaxy, one of the most acknowledged keyword research tools in the Affiliate marketing sphere.
8 – Jaaxy Keyword Research Tool:
Jaaxy can show you keyword ideas relevant to your niche with decent search volumes and show you how many competitors are there.
Affiliate marketing through building a website is the most profitable and sustainable online business.
With consistency and dedication, you are going to make money within 4 to 6 months. Within a year, you might reach your golden number, the number that makes you go full-time online.
Where To Start Your Online Success?
My best choice for succeeding online is building a website or a blog and use affiliate marketing as your way to go.
How to make money in bad economy? Build your online business using the step-by-step training and system of Wealthy Affiliate, and you are in safe hands.
Relying on social media networks as a focal point of your money-making strategy is a mistake. It would be best if you always started with your website based on all your internet marketing activities.
If you are still reading, sign up for Wealthy Affiliate through this link, and I will be your coach!
If you have any comments, questions, or thoughts about this article, please use the comments box below!