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Throughout 2020 and 2021 the Covid-19 pandemic wreaked and continues to wreak havoc on the finances and income opportunities of millions of people. The restaurant industry in the United States alone saw 15 million workers across the sector permanently lose their jobs as over 16,000 restaurants and bars closed.
Other industries such as gyms, cinemas, and other public spaces suffered similar losses although closures were temporary and many are beginning to open again. The economic effects are nothing short of catastrophic with global losses estimated to be in the region of $5 trillion in terms of GDP.
Whether you have been affected directly by the pandemic or not, naturally, you might be looking for some extra income, and the internet is a robust and diverse tool for potentially making some extra cash. Some of the easiest and most rewarding methods include:
Becoming a franchisee is easier than ever and it doesn’t only relate to huge brands such as McDonald’s while affiliate marketing is still a proven method of supplemental income and dropshipping, while it requires more time, has huge potential for financial gain.
When you think of owning a franchise, you might automatically think of large corporations such as KFC, Burger King, and 7-Eleven, but franchises of all kinds and sizes are available which means that whether you have a couple of thousand or a couple of million, you can become a franchisee.
Online purchasing sites like Franchise Direct provide an easy-to-use digital storefront that lets you browse and select from all sorts of franchise investment opportunities from the automotive industry to health & beauty and vending machines. However, becoming a franchisee means that you are a business owner and most will require extra work in order to become successful.
One of the oldest yet powerful methods of making money online is through affiliate marketing. You might assume that this means placing ads everywhere and hoping that you get clicks, and some marketers do actually operate that way, however, it tends to not work very well and will end up harming your brand and reputation.
Real affiliate marketing means taking the time to learn about SEO, audiences, and interpreting data from analytics programs in order to capitalize on trends, relevancy, and popular products. This is why affiliate marketing works best when a product is related to a site and if you already own a blog then half the work is done. All you need to do is monetise your blog with relevant affiliate products.
The internet is now known for its dropshipping sales ventures but the technique was actually invented in the 1960s with the use of mail-order catalogues that advertised a range of products for which commissions were received upon sale, similar to affiliate marketing. The ability of web pages to be ordered, categorised and displayed accordingly meant that dropshipping just found a new home on the world wide web.
The method involves running an online storefront that advertises a range of products from which a customer can choose. However, as a dropshipper, you don’t actually own any of the products advertised, rather, you sell them on behalf of a third-party supplier who pays you for any sales made of their products. Many people have become very successful at doing this, but it requires some dedication and hard work, especially in the beginning.
Welcome to Birds and Lilies! I'm Lou: mother, blogger and freelance writer. This is my lifestyle blog, where I talk about motherhood, infertility and IVF, beauty, my love for food and wine, as well as my thoughts about stuff, and our real-life and travel adventures.
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