How to survive during pandemic?
My firm, which relied heavily on travel and public speaking, was severely damaged as a result of the epidemic.
I went to online programs that I had investigated in the past in order to keep myself afloat.
Through the use of courses, I was able to attract new audiences, broaden my reach, make cash in a passive manner, and give upsells to my current clientele.
If you want extra money you can head to bridge payday.
When the outbreak began, I was a sole proprietor, and almost all of my labor and revenue were instantly interrupted or eliminated. This represented more than 75 percent of both. I was experiencing melancholy and was at a loss as to what to do.
In view of the ongoing epidemic, I understood that it was impossible for me to do any business that required me to travel. The infection caused many of the businesses with whom I had contracts to be too anxious about their own ability to survive in order to continue to employ me. My thoughts then wandered to the many ways in which I might generate money from home and make up for part of the income I had lost.
I recalled the well-received online course that I developed for my wedding company in 2017 and which brought me a little amount of cash on a regular basis. It prompted me to consider whether or not I might develop other courses as a side business, catering to a variety of diverse audiences.
I began by identifying a few domains in where I am very skilled and have a unique point of view. I researched the products and services provided by the rival company and solicited opinions from anybody who would be interested in enrolling in my class.
Because of the knowledge presented here, I was able to go on with the development of these courses. The price of each of my three courses for the next year will range from $149 to $247.
Despite the fact that each course required around 20–30 days of my time to construct, I was able to generate several thousand dollars each month by creating it and offering it for sale as a subscription service. In addition to this, it has developed into a long-term source of passive income that is continuing to bring in money at the present time.
In the midst of this epidemic, I used these four distinct strategies to increase the amount of money coming into my household.
I rescheduled in-person courses that had been canceled and moved them to the online format.
Before the outbreak, the majority of income came from traveling around the nation to provide presentations at various conferences or to firms that needed on-site training. When those possibilities were no longer available, I focused on the most important problems that individuals had hired me to solve and developed online courses to address those problems (personal branding, public speaking, and side hustles).
I was able to give and sell these courses to businesses who needed to teach their personnel online during the epidemic. As a method of doing so, I could provide these businesses with the courses.
Because I did not have to travel to conduct these seminars, I was able to increase the number of businesses that were interested in purchasing the online version of my usual in-person training. If I had been required to travel, the cost of this training would have been higher for those businesses.
As a direct consequence of this, my visibility on the world stage grew.
I had a lot of experience teaching in different parts of the country, but I was unable to take on customers from other countries since the expenses of travel were too expensive.
Because I teach my seminars online, I’ve been able to clinch transactions with prospective customers who otherwise would not have paid to meet with me in person.
In addition to this, I was able to make my teachings accessible to students all over the globe, giving them access to resources that were previously reserved only for those attending classes in person. As a direct consequence of this, I saw a rise in my sales.
It did it in the background while also generating revenue.
A high-yield savings account and the sale of ebooks were the only forms of passive income I had been able to cultivate prior to the epidemic. On the other hand, when I published my online courses, I was able to establish a steady stream of passive income that arrives every month.
After the courses had been developed and uploaded to a platform, the only work that was required of me was to provide the barest essentials of monthly maintenance. Through the use of social media, my email list, and my podcast, I was able to make a few thousand dollars in recurring revenue each month from these courses.
I had the chance to make a higher-priced sale.
The chance to sell supplemental services is yet another big benefit that comes with providing online education to students. Because of this, it’s possible that I’ll be able to make a lot more money from these courses.
On the checkout pages of the courses that they had already paid for, there was a chance to purchase more coaching sessions, virtual coaching systems, books, and other products at a reduced price. More than seventy-five percent of customers added an upsell to their order after going through the checkout process, which led to an increase in both expenditure and profit.
When I used to give in-person services, there were very few opportunities for me to upsell more products or services. Because of the epidemic, I had little choice but to move the courses that I teach to make money online, and doing so was a game-changer for me.