Many people are making money online these days. Have you ever wondered if it could work for you, too?
It’s reported that the ‘average’ millionaire has seven income streams, although this is often disputed as you’ll see if you search for more information* online. Some suggest it’s four streams, some say less, some more. But regardless of whether it’s seven or seventy, the fact is the majority of the working population has just one.
What happens if that’s taken away from you? Could you survive? Have you found yourself in this situation? We certainly have, many times over the years.
2020: A Year Like No Other
2020 was a year like no other in the history of the modern world due to the Coronavirus pandemic. Many, many people lost their jobs or were laid off. Here in the UK, some were furloughed, protecting their jobs for the first few months of the crisis. Thousands of businesses collapsed and thousands more closed down temporarily, desperately waiting to open their doors again. From a financial point of view, no-one was untouched. Except, perhaps, the very wealthy …
Relying on someone else for our incomes is the norm throughout the modern world, but as the Covid situation showed, it isn’t necessarily ideal.
We are constantly being told we’re in a cost of living crisis, partly due to the aftermath of Covid, partly due to the situation in Ukraine. (And possibly 🧐 some mis-management of the economy!) Prices for fuel – whether that’s for transport, cooking or heating our homes – have skyrocketed and inflation has been at an all-time high, causing financial difficulties for a large section of the population.
Something Interesting Happened During the Pandemic of 2020
There were more new businesses started during 2020 than in the previous year. For the UK, the numbers were 726,000 versus 636,000 in 2019. In the USA, an incredible 4.4 million extra businesses were created, the highest number in history! As Brett Grossfeld states in his article on 360 Blog**, “When times get tough, people get entrepreneurial”. They certainly do!
Historically, during periods of depression and market crashes, new businesses are formed – many of these are hugely successful.
That Elusive Second Income
Many people want – or need – a second income, regardless of how things are in the current economy. There are lots of ways you can do this by earning money online. From simple things like filling in surveys to learning affiliate marketing, there is something for everyone.
You don’t need to be a computer expert, nor do you need to learn any special coding or languages. What you do need is the enthusiasm to learn something new and some spare time in which to do it.
Ready To Learn More About Making Money Online?
Whether you want additional income to help you through a crisis or you just want more money generally – perhaps to pay for life’s little luxuries or those extras that your regular income doesn’t cover – we are here to help you through the online minefield. Check out our about us page to see what we do and how we’ve been making money online for the past few years. Also look through the drop-down menus under our tab headings to find business opportunities that you can get involved in.
*There is an interesting article here regarding how millionaires make their money.
Feel free to contact us if you’d like to ask any questions – we are more than happy to help!
**Unable to link to 360 Blog at the time of writing.
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