Many companies have been struggling to find employees in 2021. After cutting additional aid and unemployment benefits, many states (and companies) were surprised to discover applicants were not coming back.
Why are workers not returning to the workforce? There are many potential reasons, including the following:
- Low pay. Yes, many jobs have raised their starting salary, but thanks to inflation, those wage increases have had minimal effect.
- Poor Working conditions. Stories of dealing with irate customers have turned off many people who worked in jobs that deal with the public. Arguing over masks, with customers and long hours have turned many people off from various service-sector jobs.
- Prefer working from home. Thanks to covid, many have discovered working from home has its benefits, especially when dealing with children who are sent home due to covid outbreaks.
- Mandatory vaccines. While many people have gotten vaccinated due to mandatory vaccines, others have not. Another concern is getting the vaccine because your employer demands it, only to be laid off or let go shortly thereafter. This is leaving employers in a bind.
There are many reasons why workers aren’t returning, but one reason that doesn’t get discussed is the ability to make money online.
The Internet: The New Employer?
During the lockdowns of 2020, millions of people were home with nothing to do. They could not go outside, and found themselves still needing to make money to pay their bills. Many turned to the internet. To their surprise, they discovered the many ways to earn a living making money online. Here are some of the top ways people make money online:
Dropshipping is moving (goods) from the wholesaler directly to the customer without going through the usual distribution channels. In other words, you set up a website and sell products online. The best part? The products are ordered from you, but sent to the customer by the manufacturer. You don’t carry the inventory, you act as the middleman. For more on dropshipping click HERE.
#2. Affiliate Marketing
Affiliate marketing is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals. For example, if you talk about your favorite pair of sunglasses on your site, then provide the link to that product and people buy it, you earn a small commission. There are many affiliate marketing programs out there to choose from. Amazon Affiliate Marketing and Shopify are just two examples.
#3. Start a YouTube Channel
YouTube is an excellent way to generate online revenue. The more subscribers and people who watch your channel, the more money you can make. YouTube is available all over the world, and has the ability to reach millions at any given moment.
To learn how to make money on YouTube click HERE.
#4. Become an Influencer
Instagram, TikTok, Twitter, YouTube and other sites allow you to make money as an influencer. This is accomplished by sponsoring or endorsing various products on your page. The more subscribers you have, the more money you can make. Here are a few top influencer programs for Instagram.
#5. Create Online Courses
Creating an online course is another great way to generate revenue. Many people like taking online courses to simply learn something new or to sharpen their skills. Online courses can be as short as 60 minutes (or less) or several hours. Courses can be created online Udemy or on your own website.
#6. Write an eBook
Publishing an eBook has never been easier, thanks to the Amazon Kindle Direct Publishing program. Once published, your eBook is available to readers all over the world. In addition, you can sell your eBooks directly on your website. Here is a complimentary copy of my free eBook Planting Seeds: The Children’s Guide to Entrepreneurship. Schools don’t educate our kids on how to start a business. Should young people be introduced to the world of business and entrepreneurship?
#7. Write a Blog
Blogging is another great way to generate revenue. The more popular the topic, the better chance you have at gaining readers. To make money from your blog, you can do the following:
- Sell your own products
- Become an affiliate marketer
- Have ads on your page
Google ads is just one of the popular ways to monetize your website. With ads, even if they don’t buy your product or service, you can still make money. The more site visitors you have, the more revenue you can make. It’s a win-win for everyone. WordPress is a popular place to create a blog.
#8. Become a Freelancer
If you can write, do social media promotions, edit, code, or any other online skill, people will GLADLY pay you for your services. Fiverr, Freelancer, and Upwork are all popular places for freelancers to offer their services. How much can freelancers make? Read here to see top earners on Fiverr.
#9. Become a Translator
If you can speak 2 languages, consider becoming a translator. I recently had a book translated into French. I can’t speak French, but I found a translator on Upwork who was able to translate my book for me at a reasonable price. Another option is to find work on Translatorsbase.
#10. Become an Online Tutor
Thanks to the internet, you can work with people all over the world. if you are good in math, science, languages, or music, you can teach online. Tutoring rates start around $15.00 and can go much higher. TutorMe and Tutor.com are great places to get started.
In addition to the above, many people have given up their 9-5 for the following:
- Driving your car (Uber Eats, DoorDash )
- Personalized subscription based services (OnlyFans, Patreon)
- Selling photography (Pexels)
The ways to make money online are endless. In many instances, people are doing a combination of the above activities on several platforms. Instead of relying on one income stream, they now have several.
The Bottom Line
Thanks to the internet, millions of people around the world have found new and exciting ways to be their own boss and make their own money. Consider these statistics:
- 69% of Americans shop online
- 25% of Americans shop online once per month
- 65% of the world’s population 5,168,780,607 is now online
As more people gain online access, this increases a person’s ability to make money via the internet.
Another benefit of online revenue is there is no limit to how much you can make. Making this type of money doing something you enjoy will make it difficult for traditional companies to find qualified workers.
Why work a minimum wage job doing something you don’t like when they can make THOUSANDS of dollars a month going viral on YouTube, TikTok or IG? Why work a job that BARELY pays the bills when they can create an online career and bring home thousands of dollars a month? Why work for someone who may not treat you the way you want to be treated when you can set your own hours and be your own boss?
Young people don’t want to work and barely get by. They want to enjoy life and not be tied to a job that gets them nowhere. Unfortunately, society hasn’t realized that our youth have created their own path to success. Instead of following the path of their parents and grandparents, they found a new way. They discovered the world of entrepreneurship that their parents and grandparents could have never imagined.
Relying on a job (you may or may not like) to pay your bills is a thing of the past. Thanks to covid, many have seen how your income source can be taken away from you in an instant. To make matters worse, we are taught as a society to rely on one job to pay our bills and sustain our living standards. This type of thinking is a mistake.
There are many ways to make money online, but they can also take time. Patience is key. Not everyone can e a social media sensation, but they can learn about the other ways to generate revenue online. The key is creating multiple streams of income and passive income. Pick up a copy of my book Invest For Success: Millionaire Wealth Strategies Not Taught in School. Available on Amazon.
Learn more in my online course Tired of the 9-5? How To Retire Early With Passive Income. Register today!