Inflation has reached epidemic levels and while there are signs it may be easing, prices on just about everything remain high. Congress has tried to address this issue by passing legislation such as the Inflation Reduction Act of 2015 and the Inflation Reduction Reinvestment Act of 2016 that seek to provide certain tax relief to households that are affected by high prices. While these pieces of legislation may provide some relief, there is now a way for individuals to make money even when the markets are down. This is called ‘getting back to basics’ and if you’re looking to do this, you’ve come to the right place.
The Rising Role Of The Consumer
In the middle of last year, I wrote an article on how to make money online. Since that time, quite a few of my readers have gotten in touch with me to ask about earning money at home in a time like this. As the economic climate changes and the world evolves around us, there are more opportunities for individuals to make money online than ever before. If you’re looking for ways to make money remotely during this time, here are a few suggestions.
Start Your Own Online Store
If you’re passionate about a particular product or service, you can start your own online store. There are countless examples of people who’ve made a nice chunk of change selling their own inventions, talents, and creations. If you’ve got a skill that others are willing to pay for, you can use Shopify’s platform to start an online store in minutes and then use your down time to build your customer base.
Take Up A Hobby That You Can Do From Home
If you’re looking to make money online, you should consider becoming a freelancer or starting your own online store. However, if you’re looking for a way to earn some extra cash while at home, you can take up a hobby that doesn’t require much effort but just enough to keep your mind active. These are called ‘activities’ and you can make money online through various platforms such as ClickBank, Etsy, and Amazon Mechanical Turk. You can also make money through physical activities such as modeling or acting if you’ve got the talent. If not, you can be a virtual assistant for businesses looking to outsource this function. There are also opportunities to make money through social media if you’ve got a large enough following. You can become a ‘tiger farmer’ or a ‘tiger rights advocate’ and make money off others’ bad habits, i.e. the ones who buy tiger products.
Look Into Stocking Up On Gold And Silver
As I stated in my last article, the times we live in require individuals to be more creative in order to make money. Stocking up on gold and silver is one way to make extra cash, especially now that their prices are on the rise. In the long term, these are considered ‘monumental’ purchases that serve as a hedge against inflation. If you’ve got a small amount of land, you can grow food and be sure of having something to eat in case of emergency. You can make money by selling your produce also, if you’ve got the space.
Consider A Business Opportunity
If you’ve got an entrepreneurial spirit, you can become the boss of your own life. Business opportunity hubs like Wealthy Life and Big Adventure encourage people to take advantage of the opportunities that exist online. If you’ve got a skill or talent that can be useful to others, you can create your own job board and start advertising for freelancers or business owners who are looking for help. You can build a team of people who can help you with this, whatever it may be. If you’ve got an idea for an app or software, you can build it and sell it! In my opinion, these are some pretty amazing opportunities for individuals who want to make money remotely during this time.
The world is changing, technology is evolving, and opportunities for individuals to earn money online are expanding. If you’re looking to make money online, you’ve come to the right place!