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How to Make Money in a Crisis

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Opinions expressed by Entrepreneur contributors are their own. In times like these, full of unknowns, it can be scary for entrepreneurs and freelancers who’ve lost business opportunities , as well as workers who’ve lost their jobs or had their hours cut. However, there are still ways to make money during a crisis, even one like this with both significant health and economic concerns. Personally, I’ve had around a dozen public speaking opportunities get canceled or postponed, which has been hard, but having gone through the Great Recession, I’ve learned some lessons and know I’ll make it through to the other side. You can too, and in some cases, you may find that this crisis creates an opportunity to take your career or business in a new direction that benefits you more in the long run. Some ideas to earn money safely from home include: 1. Charging for content or content support During this period, with so many of us staying at home, with more time on our hands, you’ll likely see a lot more content creation , such as with launches of new podcasts, YouTube series, courses, etc. Some creators may be able to monetize this content by finding advertising — if, for example, you have a sizable social media following or can get enough podcast listeners. Or you could put your content behind a paywall and charge for access. Others, however, need to be realistic about how much, if anything, they can earn from content creation. That said, you may still have the skills to support content creators, such as helping with writing, editing, graphic design, etc. Make sure you charge for your time. You can look at project and hourly rates on sites like Upwork to get a sense of what your fee should be based on your experience and the type of work you can do. 2. Monetize your knowledge Related to creating content is jumping into the growing online education space for all ages. You may have the skills and experience to teach on sites geared toward young students, or you might have business knowledge that you can teach to other professionals, especially those at companies that have budget that would have gone toward attending conferences. You can monetize your knowledge by creating a course on sites like Kajabi and marketing to professionals, or you can try to get paid directly by working part-time for an online learning platform. If you have an idea for your own course, see if it exists already on a platform like LinkedIn Learning. If it doesn’t, you could have a good opportunity to create something unique that others might be willing to pay for. 3. Find freelance work Whether you’re a creative, a coder, an administrative assistant, or many other occupations that can be done online, there’s a good chance you can still find freelance opportunities through platforms like Upwork and LinkedIn. Many businesses are still operating at full speed, such as in the technology sector and some food […]

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