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Economy => Economics => Topic started by: fiulpro on November 02, 2020, 05:07:21 PM



Title: Need of the hour : Use the Crisis
Post by: fiulpro on November 02, 2020, 05:07:21 PM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !


Title: Re: Need of the hour : Use the Crisis
Post by: Coyster on November 02, 2020, 06:40:03 PM
Starting a business is not as easy at it seems, I'm sure everyone will like to have their own business and be somewhat self employed, but there are many factors hindering the growth of small scale businesses and by extension, microeconomics. Capital is one of those factors, many people do not really have the capital to start the business of their choice, and the government are not willing to support small scale businesses with loans, it's easy to tell people to start a business, but without capital, starting a business is not possible.

Competition is another thing when considering starting a business, honestly if you look at some of the options people have when considering setting up their own business, there are more than enough businesses in that line already and you may be knocked out of business very fast as a result of stiff competition. Mind you that this pandemic is also not a good time to even consider starting a business, there are too many uncertainties with lockdowns and the rest, plus people mostly depend on home delivery for most of their needs. What I think could work this period is having a skill that people actually need, imo selling a skill looks pretty profitable at this point, especially one you can reach your customers without meeting them in-person.


Title: Re: Need of the hour : Use the Crisis
Post by: gantez on November 02, 2020, 07:12:20 PM

Capital is one of those factors, many people do not really have the capital to start the business of their choice, and the government are not willing to support small scale businesses with loans,

This is real life challenge with businesses. The government doesn't really do a duty on this part, they make promises of supporting small and big businesses but never do so. Many entrepreneur are left to get help from families if they want to survive doing business.


Title: Re: Need of the hour : Use the Crisis
Post by: Stedsm on November 02, 2020, 07:59:32 PM
Wait! $100-$200 in 2-3 days? I believe that when you're starting a business, you should just not think of profiting from it right from the start but you need to figure out how to establish it during these days because it's not that easy at all now that Corona has hit each business and even common man badly. If you think of starting up a food business venture, people may not come because -
1. You are new in the market
2. People don't have money to come and eat at your place like restaurant
3. They don't want to come to your place due to some reason

The money factor is the significant one that comes into play and it will definitely stop anyone starting a business to do it smoothly because -
1. Either you don't have money to keep it running longer without the tension about profits for a few months or even a year or two
OR
2. You don't get enough customers daily to keep it running if you don't have enough money already.

So, research comes into play here. It's better to research in the market about your genre you are going to start up, and then get on the ground with your stuff.


Title: Re: Need of the hour : Use the Crisis
Post by: ChrisPop on November 02, 2020, 08:00:01 PM
There is opportunity for various businesses indeed, but one needs to have the time and resources to start one. By resources I refer to both financial and mental resources. For a business to have a higher chance to thrive in any kind of environment, its manager ideally has to be experienced. Risking money in times like this is quite scarry, especially for someone who lives paycheck to paycheck and who just lost his job.

You also need an accountant, register the company, fill tax reports and you have to comply with the regulations. Running a legal business is no piece of cake.


Title: Re: Need of the hour : Use the Crisis
Post by: FACE 2 FACE on November 02, 2020, 08:09:00 PM
Despite the fact that some of the entrepreneurs believe that the economic crisis caused by the pandemic is a time of great opportunities, for the vast majority of other people this is the time when they will lose all available earning opportunities.

Only a few will become millionaires during the crisis, the rest will finally go bankrupt.


Title: Re: Need of the hour : Use the Crisis
Post by: AmoreJaz on November 02, 2020, 08:57:32 PM
There is opportunity for various businesses indeed, but one needs to have the time and resources to start one. By resources I refer to both financial and mental resources. For a business to have a higher chance to thrive in any kind of environment, its manager ideally has to be experienced. Risking money in times like this is quite scarry, especially for someone who lives paycheck to paycheck and who just lost his job.

You also need an accountant, register the company, fill tax reports and you have to comply with the regulations. Running a legal business is no piece of cake.

i understand about your doubt about opening a business. this is really not for all people out there. one can make a business for very small amount of funds and strategize how he can grow it. if you cant have a business, why not practice what you are capable of? web designers dont need license, online freelance jobs usually dont require one. just make use of your talents or skills.
if not, you can sell in online platforms. your items that need to be discard but still be useful to others.
or if you have your own garden, you can tend it so you can grow your own food, at least lessen from your expenses.
actually, there's a lot more. just think how you can earn extra income to augment your needs. it depends on your disposition in life.


Title: Re: Need of the hour : Use the Crisis
Post by: verita1 on November 02, 2020, 09:49:50 PM
You're right. My family and I have already thought that we have to get ahead in the middle of this pandemic by doing work from home.
Just like you said: Earn from home. We are selling food in our neighborhood at low prices in order to get away from speculation. In the midst of this crisis we have realized that some merchants are speculating by raising prices especially food and cleaning supplies. A neighbor who is a teacher is teaching at her home to the neighborhood children.
My mom and I have learned to make lollipops to get some of our Fiat currency to buy some food. My mother feels satisfied because she feels useful and also the most important thing is that we sell the lollipops at a low price and we give the children the joy of eating sweets.
We have aspirations to learn about making chocolates to include more items for sale.
With regard to government aid, we only receive 20% of the money we need each month so we decided to do this work from home.


Title: Re: Need of the hour : Use the Crisis
Post by: harizen on November 02, 2020, 10:06:39 PM
What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

Good examples you have there.

Actually, what would be the best business ideas will be the product up to our own view since we have different financial status and we know the situation in our area more than others. Try to think about what business survives during a pandemic than from there, try to think outside the box.

The majority of my friends turned into online sellers. Not much profit but at least they have side incomes since of them got. Some of them become unemployed and until now, a limited workforce is still implemented in their respective companies. Products varied from basic foods, goods, liquor, plants, fermented foods, groceries, deliveries, and many more.

In my case, we have an extra lot that we turned into a parking area for 4 vehicles. The demand for parking is hype here so a good side income. Not bad while we still have our respective work from home.

Yes, it's not easy to do business, small or big, but what are the option left to those people that got heavily affected during the pandemic? Not all are fortunate compare to us here that at least still living in a good standard even during the pandemic. There's no time to be negative and face the reality.


Title: Re: Need of the hour : Use the Crisis
Post by: Yatsan on November 02, 2020, 11:05:29 PM
The pandemic have gone worse as expected on countries that have early release the tight implementation of health protocols and opened up their economy right after their country have recorded a zero positive case of covid-19. The third wave of lockdown have just shown that it have been underestimated that things can still go wrong right after the assumed recovery from the virus.

It is easy to say but hard to be executed to use the crisis in our favor for only those privileged people can use this crisis and turn into a favorable one because they have the capacity to open up even small businesses to still support their daily necessities. But if we are going to talk about less fortunate individuals, it seems like it will be really hard for them to fix things out and to think this crisis to be favorable for them. But I certainly agree that instead of thinking of all the negativities that this pandemic have brought, may we at least divert our attentions and turn this tragic situation into somehow favorable one as stated by the OP. Although it is hard, but it is the least we can do as for the now.


Title: Re: Need of the hour : Use the Crisis
Post by: Jating on November 03, 2020, 02:14:13 AM
I sell everything that I can get my hands on:

- laptop or computer table, those foldable one
- face mask/face shield - I would admit that I made a killing early, up until July-August, I directly import from China. But Aug onwards, there's a lot of competition so the price are going down.
- hotel inspired water based scent - how do I think of this? most hotels are closed, so did try to contract supplier for this and they are willing since their business is dead. So I made a killing as well, until those hotel legal offices contact me and most of my resellers because I'm using their name. LOL. So I have to rebrand and reinvent myself again.
- printing - since schools have started, I invested on a printer and used it for my printing business. Specially that online schooling requires students to print some modules, so it is thriving as well.

And many more, Lol, you just have to look at your environment and be imaginative in order to survived in this crisis. Or if I hear some of my customers looking for something, then I invest my time and money looking for them. I've delivered as far as New Zealand.  :) :) :)


Title: Re: Need of the hour : Use the Crisis
Post by: Savemore on November 03, 2020, 03:41:46 AM
Opportunities can be seen through mind and not eyes, and we should train our mind especially today where there are a lot of opportunities despite of having pandemic. I think there is a limiting beliefs in our society and it is the reason why a lot of people are afraid to build their own business and brand. Many people have employee mindset where they want security than freedom, those opportunities that they keep wasting are the reason why they life is still like before. They are afraid to take risks and not knowing that what they are currently is more risky. This crisis shouls be the trigger for us to have a millionaire mindset wherein we can make money out of nothing. Focus on training our mind and for sure we will come up good and crazy ideas that can give us huge rewards.

I actually have alot of business in my mind because I trained it in very long period of time. Like what happened in this week where I saw opportunities when it comes to book, there are a lot of books that I cannot see in bookstore and it gives me an idea to become online seller of those rare books that habe high demand in the internet. I also have an idea to start a clothing brand because I saw opportunities in my country and it is also one of the necessities we humans. Opportunities are in everywhere, ae can grab it and see it if we will train our greatest asset which is our mind.


Title: Re: Need of the hour : Use the Crisis
Post by: Darker45 on November 03, 2020, 03:49:56 AM
Right now, I don't have a business idea which coincides with the circumstances of COVID-19. There is no urgent reason for me to do it. But, yes, I agree, people should start looking at the current situation as something we cannot avoid and therefore should instead take advantage of. It is not easy. It is even next to impossible to some who are simply minimum wage earners. But that's what it is, so we need to try to think out of the box, especially because the governments in many countries are inutile.  


Title: Re: Need of the hour : Use the Crisis
Post by: goaldigger on November 03, 2020, 05:14:40 AM
Online business is the trend in my country right now like almost everything you'll see on their social account is the product they are selling and some of my friend already made a huge profit because of this. I do personally sell some staff online and yes, and this one helps me to recover from this crisis. We have to look for other options, as long as we live we have the chance to recover and stand up on our feet again so if you are suffering right now, please don't lose hope and start working again.


Title: Re: Need of the hour : Use the Crisis
Post by: maydna on November 03, 2020, 05:35:46 AM
We can still be happy behind this pandemic because we have an internet connection in many places (although not all countries have a good internet connection). At least, we can use the internet to search for new ways to make money that will be useful for us and that jobs can give benefits to us. We can rely on the internet to search for a new idea to create or build a new business that can work as an offline business or even online business.

Internet marketing still opens the position for many people to try, but not many of them will succeed in that way. Writers, programmers, design, even traders can be the new solution for people to search for the opportunity to make money. If we keep trying to explore, there will be a way for us to get something better for our lives.

In offline lives, many people still struggle to make money by doing anything they can. They are trying to get a new idea that can break the old habit because I am sure that humans will solve their problems and adapt to the new changes. We can survive in hard situations because we are strong enough to pass the problem.


Title: Re: Need of the hour : Use the Crisis
Post by: Lorence.xD on November 03, 2020, 05:35:55 AM
Starting a business is not as easy at it seems, I'm sure everyone will like to have their own business and be somewhat self employed, but there are many factors hindering the growth of small scale businesses and by extension, microeconomics. Capital is one of those factors, many people do not really have the capital to start the business of their choice, and the government are not willing to support small scale businesses with loans, it's easy to tell people to start a business, but without capital, starting a business is not possible.
It is pretty expensive in my country to register as a legal business. Not mentioning the time that you have to allot for your business to survive because you are not the only one with that kind of idea. The other hindrance is the bureaucracy surrounding registering businesses, a lot of paperwork needs to be done and some of them move at a snail pace that red tape offers are pretty attractive.


Title: Re: Need of the hour : Use the Crisis
Post by: hatshepsut93 on November 03, 2020, 06:56:16 AM
Millions of people lost their jobs, do you think a crippled economy could sustain millions of new small businesses, at times where businesses are forced to close down?

Yes, it's cool to teach kids online or deliver food, but the competition is already pretty big, so this isn't a solution to pandemic. Not everyone will be able to use pandemic to their advantage, some people will have to get the short end of the stick, which is why it's important that economy as a whole should recover as soon as possible.


Title: Re: Need of the hour : Use the Crisis
Post by: mu_enrico on November 03, 2020, 07:20:04 AM
It's somewhat impossible to start a business during an economic shutdown, so the first thing we should do is push the government to reopen the economy. Once any business can open, then we can talk about starting a new business.

After the shutdown, some small businesses will reopen, but some that aren't prepared will go bankrupt, so there is an opportunity to replace them. Look at your neighborhood. You will find closed barbershops, restaurants, coffee shops, etc. It's your opportunity!


Title: Re: Need of the hour : Use the Crisis
Post by: Strongkored on November 03, 2020, 07:31:53 AM
Find and making a new business during this pandemic is not easy, because it is not only us who experience of the economic downturn but almost everyone this fact will certainly affect demand.
Surely there are those who are successful but do not rule out the possibility that they actually lose, but experiencing losses at the beginning would be better than just being idle and hoping for help, usually new innovations in business will appear when we have started.
Luckily I have friend that produce helmet I can sell it in online marketplace, I can sell it first and pay to him after the transact success.


Title: Re: Need of the hour : Use the Crisis
Post by: yhiaali3 on November 03, 2020, 07:36:58 AM
For me, I live in a poor country, and now in the time of the epidemic, the matter has become much more difficult than before, so I found that working on the Internet is the best way to improve my living situation at the present time, I work and invest in cryptocurrencies and make good profits, although I sometimes suffer from difficulty Converting cryptocurrencies into local cash, but this is much better than relying on government salary, which is worth nothing.


Title: Re: Need of the hour : Use the Crisis
Post by: carter34 on November 03, 2020, 08:36:16 AM

Only a few will become millionaires during the crisis, the rest will finally go bankrupt.

Usually not all that will be millionaires, this is the way it has been. Opportunities doesn't give everybody the chance to clump up there to be rich but just the few favoured or lucky. Covid-19 gave people who are in the medical aspect of life or job the opportunity and yet not every one got favoured.


Title: Re: Need of the hour : Use the Crisis
Post by: FlightyPouch on November 03, 2020, 10:34:10 AM
My partner and I are planning to do an online business but we are not that sure how we will achieve things that we wanted to do like delivering things in this pandemic is hard. We needed a position that would make our customers easy to go to which is usually in towns which is so expensive to rent or buy. Another thing is that transaction procedures are also having problems.


Title: Re: Need of the hour : Use the Crisis
Post by: Fortify on November 03, 2020, 12:48:58 PM
I've been lucky (?) enough to work all the way through Covid and a large chunk of it was working from home. That opened up the possibilities of earning a bit extra from doing small side jobs - completing surveys, placing matched bets through various gambling sites (small wins but no chance of losing) and making a bit extra from signature campaigns here. It probably totals up to an average of $5-10 per day, it's a small amount but it does add up over the month and gets placed into more solid investments for the future.


Title: Re: Need of the hour : Use the Crisis
Post by: posi on November 03, 2020, 02:32:13 PM

We are in the duration of the 21st century and before the issue of pandemic occurred people around the world have already understood that we can't rely on the government for solutions because they aren't helping us and this is the reason why people like Satoshi Nakamoto created Bitcoin then.
With that been said, creation of small business is not easy as you think OP cause there are some certain thing needed (aside the money involve) to make it work and I'm saying this because there are some many people with business ideas but lack the required resources. We some empowerment from the government so people can put their ideas to work for the betterment of the economy.


Title: Re: Need of the hour : Use the Crisis
Post by: Google+ on November 03, 2020, 02:37:10 PM
My partner and I are planning to do an online business but we are not that sure how we will achieve things that we wanted to do like delivering things in this pandemic is hard. We needed a position that would make our customers easy to go to which is usually in towns which is so expensive to rent or buy. Another thing is that transaction procedures are also having problems.
If you look at the current economic conditions, there is no other choice to start doing business online, but what needs to be considered is how the conditions of the people in the market do they want to buy something other than food and other life necessities? so in my opinion this can be said to be a crisis and for you maybe you have to find ideas to sell necessities of life that will not mushroom or have a very long expiration date so that you will not make a loss if there are no buyers.


Title: Re: Need of the hour : Use the Crisis
Post by: teosanru on November 03, 2020, 02:49:44 PM
I think the best utilization of these lockdown restrictions would be to somehow increase the usage of technology and making some online solutions for people. We obviously know that Tech startups are the new boom but with lockdown almost everything went online as there were complete restrictions on movement. I think best use of this time is to think! and Do! Many people always complaint about being stuck in that circle of life and work this could be the right escape for those people and would give them an opportunity to create an alternative source of Income. I think identifying such an idea is pretty easy too! Look around yourself or your family and look for things that stopped during the lockdown things for which you had to wait until the lockdown was over. Bring those services/goods online by merely entering as an intermediary. A pretty big giant of my country "Jio" took this time out to provide groceries at doorstep and the market cap of the company almost tripled during the period of March to October.


Title: Re: Need of the hour : Use the Crisis
Post by: Emitdama on November 03, 2020, 03:15:33 PM
The idea of selling food seems good. If anyone can do that it would be good that they go for it. I have seen people who are into that kind of business and they are benefiting really big from it. So the business works, if you can cook perfectly, and find a good location and start it up. Then you have to also make sure that the place is clean, because we are in the middle of a pandemic. So, procedures that will help in curbing the level of Covid-19 infection.

The next area one needs to consider is online jobs or businesses. As someone that’s into online business, you wouldn’t be going out all the time, you can stay at home and chill as long as the business is paying well.


Title: Re: Need of the hour : Use the Crisis
Post by: Spaffin on November 03, 2020, 03:24:50 PM

We are in the duration of the 21st century and before the issue of pandemic occurred people around the world have already understood that we can't rely on the government for solutions because they aren't helping us and this is the reason why people like Satoshi Nakamoto created Bitcoin then.
With that been said, creation of small business is not easy as you think OP cause there are some certain thing needed (aside the money involve) to make it work and I'm saying this because there are some many people with business ideas but lack the required resources. We some empowerment from the government so people can put their ideas to work for the betterment of the economy.
If we take into account countries, such as the countries of the European Union or the United States, where life for most of the population of the country was practically "greenhouse", thanks to social guarantees, then in such countries it is very difficult for people to endure the problems that the pandemic and the corresponding restrictions bring. But in the countries of Central and Eastern Europe, life was not sweet before, and people have learned to survive, inventing different methods to provide for their families and to run their business.


Title: Re: Need of the hour : Use the Crisis
Post by: wxa7115 on November 03, 2020, 05:50:47 PM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !
I have not really thought too much about it since fortunately for me I have been able to keep my job, however this is something that I agree with, the world has changed and we cannot expect that all of us remain unaffected by it, many people have lost their jobs and they cannot depend on the government forever, they need to change and adapt.

Probably the best idea is to start a small business that you can do from home, the idea of tutoring kids through zoom is a great idea in my opinion, in my country public education was already terrible and with the pandemic this is even worse, so if you are good at some particular difficult subject like math you could help tutor the kids and charge a fee for it.


Title: Re: Need of the hour : Use the Crisis
Post by: el kaka22 on November 04, 2020, 06:59:14 AM
I am actually on verge of doing something like this, I am starting a website business that is not really affected by pandemic at all, it shouldn't be affected and in fact it should be going bigger and bigger the poorer people gets, I am not selling anything, I am getting users and my profit comes from having more users which means my users are my product and ads/affiliate is my income.

This is what you should always try to do, world economy will never get better, it may look to get better but while it gets better slowly we are not having the rights our parents had and our children will not have the rights we have in the long run. So, just focus on providing something for free, and charge afterwards, that is how startups becomes billion dollar worth.


Title: Re: Need of the hour : Use the Crisis
Post by: Mauser on November 04, 2020, 09:13:06 AM

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )


This sounds like a good idea, I would recommend also to do a business idea online. Food service is seeing a lot of competition at the moment because due to the second lockdown all the restaurants need to close. The only way the restaurants can operate at the moment is with delivering food. And with many stores closed again, I think the best we could do for a small business would be to work online from home.


Title: Re: Need of the hour : Use the Crisis
Post by: Salauddin1994 on November 04, 2020, 09:48:11 AM
With everything off for corona and people spending the day sitting at home these food service businesses will help a lot to improve if you want to start a business with little money do business from your own home need a kitchen good cooks and delicious recipes. In the present age you don't even have to think about delivering food but keep in mind that there are thousands of food shops in different places so in order to compete with them you have to pay close attention to the quality and taste of the food and pay attention to the fancy new recipes ideas can be obtained from various recipes at home and abroad.


Title: Re: Need of the hour : Use the Crisis
Post by: Kupid002 on November 04, 2020, 09:50:24 AM
My partner and I are planning to do an online business but we are not that sure how we will achieve things that we wanted to do like delivering things in this pandemic is hard. We needed a position that would make our customers easy to go to which is usually in towns which is so expensive to rent or buy. Another thing is that transaction procedures are also having problems.

Online business is what is in demand right now , if you are planning to make a business make you sure you can do it both with a good place and you can market it also online. When I say online you can deliver it in their home so less hassle for them at the same time another income for you from other cities or baranggay.

For transaction you can accept it even in Fiat or digital money .accepting digital payment I think this is the right time to start it .


Title: Re: Need of the hour : Use the Crisis
Post by: AicecreaME on November 04, 2020, 09:52:26 AM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

During this trying times, many unpleasant events took place. A lot of people lost their jobs and have no other way of financing themselves. What you thought is a smart way to generate an income. Starting a small business enterprise can really help those who became unemployed and those who want to have an extra income.

These businesses can be just at home. If you have an extra space, for example an empty or even a spacious garage, you can start your own little store. Here in our country, we have these mini ‘convenience stores’ called “sari-sari stores” wherein the goods and other stuff bought in a grocery or supermarket were also found. This can help you finance your daily needs. I don’t know if you can do this in your country, but you can always ask and give it a try. If ever it’s not prohibited to do so, survey your area and cater the needs of your locality. What problem does your place have that isn’t addressed yet? Is your place far away from stores, groceries, and supermarkets? If yes, you can give this idea a shot. Just make sure to secure the documents needed such as permits, etc. for legalization.

Starting a business, no matter how big or small is hard nowadays since we’re in the middle of pandemic. Majority don’t have enough resources to begin with, that’s why most struggle to start up with something. Banks limited the loans given to small scale enterprises and individuals. Hence, making it difficult to have a capital to start. This boils down to dedication and determination of someone to make money out of what you have at hand. Be wise. Make plans. Organize everything. Strategize.


Title: Re: Need of the hour : Use the Crisis
Post by: Oasisman on November 04, 2020, 10:14:56 AM
24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )

I haven't tried but many have tested and proved it. During the start of the pandemic, one of the famous food couriers in my country first operated in my small city, and It was a success, many people who lost their jobs turned to be one of the delivery man and ends up earning more than their regular job because of the delivery tip and weekly salary. I might've tried it If I have lost my job too. Nevertheless, I'm still thankful my company's line of business is essential goods.


Title: Re: Need of the hour : Use the Crisis
Post by: Ucy on November 04, 2020, 10:37:56 AM
Ofcourse.
I actually prefer going into buying, selling/giving/sharing and production of basic things that are healthy/good. Things like foods (like you mentioned), farming/rearing plants & animals... mobile, portable and decentralized things.
I'd avoid too much large stationary things, even though they may be extremely profitable. Just avoiding them for a reason (esp the moral aspect of knowing what will become of them in few years time but still selling/buying them.). I think I would just probably hire/rent them temporary.

 Will focus more on making things for nomads. I would learn how to dry/preserve the agricultural products in very healthy ways to last really long.


Title: Re: Need of the hour : Use the Crisis
Post by: FlightyPouch on November 04, 2020, 11:34:25 PM
My partner and I are planning to do an online business but we are not that sure how we will achieve things that we wanted to do like delivering things in this pandemic is hard. We needed a position that would make our customers easy to go to which is usually in towns which is so expensive to rent or buy. Another thing is that transaction procedures are also having problems.
If you look at the current economic conditions, there is no other choice to start doing business online, but what needs to be considered is how the conditions of the people in the market do they want to buy something other than food and other life necessities? so in my opinion this can be said to be a crisis and for you maybe you have to find ideas to sell necessities of life that will not mushroom or have a very long expiration date so that you will not make a loss if there are no buyers.

We will not be doing that food-related business. Even though we are still in the pandemic, here in our province, we don't have that much problem with food. There are a lot of sources that we can get that and people here are so nice and always share what they have with other people. The problem though is that people here can't manage their money that well so when they see something fancy and cheap, usually they don't have any second thoughts about it and just buy it.


Title: Re: Need of the hour : Use the Crisis
Post by: Wexnident on November 05, 2020, 12:58:07 AM
You guys can also start beermoney jobs. I use testableminds to earn a few bucks together with my family's small business to get by, I'd really like to join mTurk as well but I've been denied quite a few times so I don't really know if I would bother trying it again later on. Beermoney may be small in amount, but at the very least it's something. I would've also recommended reselling, but it's a hard business to start with little resources available after all.
The problem though is that people here can't manage their money that well so when they see something fancy and cheap, usually they don't have any second thoughts about it and just buy it.
THIS. More often than not, when people see something cheap and look good they just immediately buy it, even if they really aren't a necessary thing to buy. My family often had problems like this in the past, glad I was able to fix that though since most of the products sent were either defective or was really easy to break.


Title: Re: Need of the hour : Use the Crisis
Post by: oHnK on November 05, 2020, 01:30:01 PM
I am actually on verge of doing something like this, I am starting a website business that is not really affected by pandemic at all, it shouldn't be affected and in fact it should be going bigger and bigger the poorer people gets, I am not selling anything, I am getting users and my profit comes from having more users which means my users are my product and ads/affiliate is my income.

This is what you should always try to do, world economy will never get better, it may look to get better but while it gets better slowly we are not having the rights our parents had and our children will not have the rights we have in the long run. So, just focus on providing something for free, and charge afterwards, that is how startups becomes billion dollar worth.

What kind of business website have you created with users as your product?  I wonder, does it require a lot of capital?  and I am not sure your business can be done by everyone, because a website-based business requires special skills to create and requires a large amount of money.


Title: Re: Need of the hour : Use the Crisis
Post by: JuSayCo on November 05, 2020, 01:37:31 PM
You are right. We need to be more productive and find some ways to earn and survive amidst of this pandemic. Here in my country, we can't rely completely on the Government because we are an over populated country with only limited resources. So, it is necessary for us to stand on our own. And I am proud to share that we Filipinos are very hopeful, resourceful and full of strategy in any hard situation that we are facing. Since the lockdown was implemented here in the Philippines, most Filipinos had started a small businesses through online platform. Selling different kinds of goods that will meet the needs of the people within the certain community, is a great idea to feed each families during quarantine time. I believe its really not easy to start a business, but we just have a positive mindset and faith, we can make it. A huge capital is not necessary, even a little amount will do together with a strong faith and courage. If we'll work much harder and be wise in our daily spending, we can definitely grow our business beyond expectations.


Title: Re: Need of the hour : Use the Crisis
Post by: plvbob0070 on November 05, 2020, 02:01:28 PM
It sounds good to look for something that can help us amidst the pandemic, however, most of the people who really need financial support are the ones who can't even start their business because they can barely find money to feed their family. But for those who can, they need to know their capabilities first. If you have skills, then you start a business with it, especially if it's in a form of digital. But if you don't, online selling is also a good one since it's so popular nowadays, you just need to find and offer the right product and satisfy the customer


Title: Re: Need of the hour : Use the Crisis
Post by: Reid on November 05, 2020, 03:11:31 PM
I do think about that all the time.
My first thought was also in the food industry but it needs a large amount of capital.
I love cooking but without the proper lessons somehow I can still make a good meal.

My second option was online jobs which actually worked out right now but I am still having the urge to start the food business.
Just don't know how to start it. Yet.


Title: Re: Need of the hour : Use the Crisis
Post by: CASTIEL05 on November 05, 2020, 10:29:28 PM
Starting small businesses require some capital. You cannot decide and execute something without a capital. Crisis are all over the world due to the pandemic. There are people that has nothing to do with crisis. They have no work and no money where to start. The best thing we have right now is our life, even we are in amidst of this crisis. Let us be thankful because we are living even in darkest time.


Title: Re: Need of the hour : Use the Crisis
Post by: MCobian on November 05, 2020, 11:24:27 PM
In a pandemic situation don't just complain and expect government help, otherwise you will find it difficult to survive in the current situation.
Starting small businesses can indeed be a hope to make money in a pandemic situation, it is not easy to realize. But if we don't dare to try,
we won't know whether it will work or not.

What is your business idea? During this pandemic? You think it would work? Why / why not?
I run a business that is related to my hobby, so running it is easier. I started a cat grooming business as well as selling cat food and accessories.
It has been running for about 2 months now, and the profits I get are quite large. I am optimistic that my business will be profitable in the
long term, because I did not think that there are quite a lot of cats lover in my country.


Title: Re: Need of the hour : Use the Crisis
Post by: darewaller on November 06, 2020, 10:54:29 AM
Nah we are not on any lockdown here, people are busy going about daily businesses as usual. We did go for an early lockdown, that was when the coronavirus started and a few cases were discovered in some states. Despite we went for a lockdown it didn’t stop the numbers of new cases, so everyone was like ‘what’s the need for a lockdown when the cases keeps increasing for two months?’.

Moreover, the worse part was that the economy started to fall, and as I am seeing it, if we go for another lockdown, the economy might as well vanish. But right from time I’ve been online and remote business, so I wasn’t really affected.


Title: Re: Need of the hour : Use the Crisis
Post by: Istiaque on November 07, 2020, 03:14:00 AM
We need to try to deal with the crisis over time Need of the hour is foolish to expect the government. Although many people lost their jobs during the epidemic need of the hour will be possible to overcome this crisis by starting small businesses the next step is not to be discouraged by the effects of this virus. Need to save thinking even if you are fired from your job, Need of the hour is possible to overcome the financial crisis through business so that you will not have any problem on your family. Starting with small capital then increase the amount of capital.


Title: Re: Need of the hour : Use the Crisis
Post by: jademaxsuy on November 07, 2020, 03:31:49 AM
Actually it is like a reset that has happening. I see now touriest spots had been improving a lot without people or less people visiting the place and destroying the nature by throwing their garbage anywhere. I can see a nice and clean water without those people diving into the place enjoying while destroying the nature. Now nature had the reset and so does the business venture. It seems like some of the businesses now are being run by new players and that is a good thing about the pandemic but of course hopefully the pandemic will end soon.


Title: Re: Need of the hour : Use the Crisis
Post by: imstillthebest on November 07, 2020, 05:17:36 AM
not that its bad to relly on the governments but governments cant also provide your needs everytime you need it or when your relief are already used up . that does not work that way but we need to find a way to make a living under the effects of pandemic . im worrying on the food business if it will be profitable because schools and companies are close mostly close this times . online business like tutoring can be a better alternative because students now are mostly on thier homes . our neighbor has a work like that tutoring . i want to join them if i dont have a work but im also busy and i dont have an educational background in teaching .


Title: Re: Need of the hour : Use the Crisis
Post by: AniviaBtc on November 07, 2020, 08:23:20 AM
If you are not a business-minded person, that you should! We are living in a pandemic right now where we can't go outside and do our job. Thinking of something where we can make profit is really an advantage and good thing to do while we are in a new normal. We need to adjust and adapt depending on our situation right now.

Start a business that will help you sustain your needs such as online shops.

That kind of investment is really popular nowadays because people are preferring to shop online instead of going into malls.

Opportunity are not always there so don't waste it and make it as your advantage.


Title: Re: Need of the hour : Use the Crisis
Post by: LogitechMouse on November 07, 2020, 09:28:31 AM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !
I'm happy that you shared some ideas to those people out there who wants to have a business during this pandemic but I think you forgot some factors.

First, I don't know if this also applies in some parts of the countries but in our place students are in their home and doing online classes so there will be no students in the hostels as of this moment. Second, tutoring kids through zoom would be a nice idea but not all can speak in front of the camera like me and not all are tutors so if you are a tutor and can speak on the camera and maybe fluent in English then you probably got a job right now congratulations.

One thing more is that more people that will be in the same niche, the harder for you to sell because of the competition especially if you are just starting from that business and you don't have any background from it. I don't have any business idea since I'm not a businessman. I would rather be a freelancer than a businessman :).


Title: Re: Need of the hour : Use the Crisis
Post by: davinchi on November 07, 2020, 09:36:13 AM
I do not get how we moved to third wave already, when was the second wave and how did it end?

I remember the first wave, around march or so the whole world started to have it bad, and around summer times it looked to be getting better and by the end of the summer it started to go back up and ever since that we are not doing that well, did we decided that second wave started at a certain period and ended and restarted as a third some other time?

In any case if you are looking to profit from crisis, you have to realize that people who went to gold rush in California didn't made the profits, it was the shovel makers that made the money. So, if you are going to start a business off the back of a crisis, you should not do something regarding crisis itself but a business that helps others out of crisis.


Title: Re: Need of the hour : Use the Crisis
Post by: Dorodha on November 07, 2020, 09:51:20 AM
Epidemics have usually driven people to new jobs most of the people are working hard to overcome the crisis and are worried about the business so that this kind of crisis can be overcome in the future everyone is avoiding travel destinations to escape the onslaught of the virus. There is less tourism in every place which makes everything look transparent crisis has also created work pressure for everyone to improve the economy. Jobs as well as various business concerns are solving the problem.


Title: Re: Need of the hour : Use the Crisis
Post by: coolcoinz on November 07, 2020, 12:50:43 PM
I do not get how we moved to third wave already, when was the second wave and how did it end?

There's no waves!
They split it into first and second wave because Spring and Autumn in the EU and the US are usually flu and cold seasons and those idiots can't even distinguish covid from flu.
Somehow the deaths statistics from flu have disappeared because now if you die from flu you are marked as a covid death and all who get flu or even common cold are quarantined.
There's going to be a third wave in Winter and fourth in Spring 2021 until someone smart stops counting.


Title: Re: Need of the hour : Use the Crisis
Post by: XCANA on November 07, 2020, 01:38:21 PM
WTF, business establishment doesn't look easy to me per-se becasue i have tried series of them but not yielding as i thought. During the lock-down i venture into the system of chemical productions and was doing well but after the lock-down things turned bad because of thousand of vendors that venture into the business. At the moment, the capital for these business are very high and i don't have such to continue the business again, this made me think that business is not as easy as many thought.


Title: Re: Need of the hour : Use the Crisis
Post by: oHnK on November 07, 2020, 05:05:45 PM
I do not get how we moved to third wave already, when was the second wave and how did it end?

I remember the first wave, around march or so the whole world started to have it bad, and around summer times it looked to be getting better and by the end of the summer it started to go back up and ever since that we are not doing that well, did we decided that second wave started at a certain period and ended and restarted as a third some other time?

In any case if you are looking to profit from crisis, you have to realize that people who went to gold rush in California didn't made the profits, it was the shovel makers that made the money. So, if you are going to start a business off the back of a crisis, you should not do something regarding crisis itself but a business that helps others out of crisis.

I am also quite confused about how to determine the current pandemic wave.  As far as I know, in my country the first wave started in early March until now there is no sign of ending.  However, many say that it is already in waves two or even three.  But that's not the main problem here.  My focus is more on what businesses can be created during this crisis and get others out of this crisis themselves.  What can be seen today that businesses that can be run and are not too affected during the pandemic are digital-based businesses or businesses in the field of community staple products.  In addition, other businesses experienced a decline in profits, some even went bankrupt.  Can you provide an example of the business you are referring to?


Title: Re: Need of the hour : Use the Crisis
Post by: ReiMomo on November 07, 2020, 09:31:05 PM
During the pandemic, our country's online presence has increased dramatically.
Left and right, you will see people offering their goods and products for sale. Meaning to say that the businesses have evolved their market from the traditional.

So what I can strongly suggest is to make sure to consider having your internet usage. Choose a product or service that is rare. Become a rarity. And win your own game. I'm now deciding to get there as well. Will be opening my food business online soon.


Title: Re: Need of the hour : Use the Crisis
Post by: Finestream on November 07, 2020, 09:41:04 PM
During the pandemic, our country's online presence has increased dramatically.
Left and right, you will see people offering their goods and products for sale. Meaning to say that the businesses have evolved their market from the traditional.

So what I can strongly suggest is to make sure to consider having your internet usage. Choose a product or service that is rare. Become a rarity. And win your own game. I'm now deciding to get there as well. Will be opening my food business online soon.
We can still go through with this pandemic if we learn how to make use of our skills and use it in our own advantage. Selling our services or products online is very in demand today because it saves most of our time and its more convenient while staying at home. But still we should consider our resources and most especially the funds we need so we can start it sucessfully.


Title: Re: Need of the hour : Use the Crisis
Post by: Ryker1 on November 07, 2020, 10:56:18 PM
Well, there is a lot of scalable business during the pandemic. As long as you have the guts to enter it then you're ready to go. Perhaps the best thing to consider having a business as of this moment is to consider all available resources. Proper and high engagement levels online might give you the best stream of income. So always utilize it, -- the rest? You should be the one to think. Just make sure not to sell something that spoils when you are getting started and you're good to go.


Title: Re: Need of the hour : Use the Crisis
Post by: nomenclatur on November 08, 2020, 09:17:15 AM
When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.


Title: Re: Need of the hour : Use the Crisis
Post by: Twinkledoe on November 08, 2020, 09:48:34 AM
When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.

It is really how you strategize in this life to survive. We should not rely from anyone else as it is only ourselves that can really help our situation. The government may give assistance but it is not enough. We still need to look for alternatives how to generate income and how to reduce our expenses. There are small things that we can do to lessen our financial burden. And we really need to act before our bills piled up.


Title: Re: Need of the hour : Use the Crisis
Post by: rollingdice on November 08, 2020, 11:40:28 AM
It isn't the best idea to start business during the crisis. Many small businesses are bankrupted now, people don't have extra money to spend it.


Title: Re: Need of the hour : Use the Crisis
Post by: Raja Singa on November 08, 2020, 12:46:33 PM
What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

During crisis conditions, we can increase noise by maintaining mining equipment, although the results are not very satisfying. Small business that can be done by selling online, and making food to be traded at each stall in the morning.
Crypto trading is also a good choice, because we can work in a room without having to interact with other people. However, we realize that crypto trading doesn't necessarily make a profit. So that we decided to make other activities.


Title: Re: Need of the hour : Use the Crisis
Post by: redsun114 on November 08, 2020, 04:17:27 PM
Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.
I believe this forum is having people from all over the world and what you are suggesting is not applicable for each and everyone which means even I am suffering due to pandemic and all its consequences, I'm not in position to think about starting a new business but I am thinking of making use of bitcoin investments more intensively than my past so that I could make decent profits with upcoming bull run of bitcoin markets.

I guess if you are in position to invest more into bitcoins then this must be the right time to make use of possible lower prices of bitcoin markets. If you keep buying with respect to your available funds then you can definitely get good buying average which will be leading you toward definite profits in the near future.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ?
With respect to my country, it is not that easier to think about anything new just for the reason of pandemic. I always prefer to stick within what I'm doing for years and I believe it must be a good practice not rushing for a new business as it will helps me to get rid of all the associated risks.


Title: Re: Need of the hour : Use the Crisis
Post by: wxa7115 on November 08, 2020, 05:42:56 PM
This sounds like a good idea, I would recommend also to do a business idea online. Food service is seeing a lot of competition at the moment because due to the second lockdown all the restaurants need to close. The only way the restaurants can operate at the moment is with delivering food. And with many stores closed again, I think the best we could do for a small business would be to work online from home.
Not only that any business idea we have must be carefully analyzed, one of the big problems with any business related to food is that no matter what you do food spoils, in my country a great deal of business that used fresh food like restaurants lost a significant amount of money because of this so anyone thinking about starting their own business needs to take this into consideration as a new lockdown could always be called on your country.

As such the best option is clear, for anyone interested to thrive in the current difficult economic circumstances in which we are in we need to do it in a way that requires no stock or inventory, especially if it can spoil, and the best way to do this is to offer a service that you can do online.


Title: Re: Need of the hour : Use the Crisis
Post by: usekevin on November 10, 2020, 05:47:57 PM
When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.


Some had used the pandemic to earn money by making some business related to covid-19 .Using the opportunity is important one in all situation.Some vegetable and food vendors had earned a lot in this corona from the people fear and insecure feelings.Some people had suffered a lot by losing their job and hard to earn for their basic needs.So this corona had make them to learn the importance of money.


Title: Re: Need of the hour : Use the Crisis
Post by: Sterbens on November 10, 2020, 06:38:07 PM
Online business is the trend in my country right now like almost everything you'll see on their social account is the product they are selling and some of my friend already made a huge profit because of this. I do personally sell some staff online and yes, and this one helps me to recover from this crisis. We have to look for other options, as long as we live we have the chance to recover and stand up on our feet again so if you are suffering right now, please don't lose hope and start working again.
Nearly 85% of online businesses dominate every market in the world today, apart from being able to be handled anywhere, you can also buy whenever you need to be afraid of shipping costs because there is always a free shipping bonus. This is because the business can be done by anyone as long as they have a cellphone connected to the internet network. Not only that, online businesses currently offer several bonuses for traders who can reach the delivery target within the policy period according to the area manager's policy. indeed the world has shifted traditional trade.


Title: Re: Need of the hour : Use the Crisis
Post by: tbterryboy on November 11, 2020, 08:28:58 PM
It isn't the best idea to start business during the crisis. Many small businesses are bankrupted now, people don't have extra money to spend it.
How much money do you need to start a delivery service and deliver food to people? I guess it requires zero investment apart from a little money you have to spend in promotion so that people know you are doing something like this.

One problem with most of us is that we are negatively oriented and start finding out problems and weaknesses rather than enjoying the process and finding solutions.

You can easily make enough money to survive if you just do small tasks like you can give tuition to kids or students if you have that level of education and for others who are not educated enough they can do baby sitting and that kind of tasks.


Title: Re: Need of the hour : Use the Crisis
Post by: hahay on November 11, 2020, 09:05:25 PM
Right, continuing to rely on the government and companies will only make us worry or anxious and because of that, I personally have also realized this and currently at least I just take advantage of the hobby of raising animals such as ornamental fish for breeding. Indeed, it requires money or capital to start a business and also knowledge, but with this pandemic and we are also more at home, it would be better to start moving from now on to take advantage of whatever your skills are to be used as a business.


Title: Re: Need of the hour : Use the Crisis
Post by: SirLancelot on November 11, 2020, 09:24:44 PM
When this pandemic occurred, I made various businesses selling furniture and selling food on the side of the road to get more income when this pandemic happened, whether or not I had to struggle to survive by trying to trade, I had to be sure to get money by working hard this pandemic made a lot of money for people think creatively with hard work.
Not just you we all tried a lot of new things and ideas during this pandemic time and the more creative and flexible you are the better your chances are to earn. There are people who will have ego problems with doing a small job like selling food on the streets but we need to understand that earning money by doing anything is better and more egoistic than sitting home and struggling or taking loans.

The problem with street food though is that no one wants to eat anything from street and they are too feared so while the idea is good it hardly works. I think the idea OP gave about food service is actually very good because the students are unable to move out of hostel so they get better service.


Title: Re: Need of the hour : Use the Crisis
Post by: Oilacris on November 11, 2020, 09:32:50 PM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

You can really possibly make out those business but the question is that not all people would have the funds or money to start up those businesses which simply
they do rely with their work salary and cant make any savings due to expenses for your daily living.For some people who do have advantage on making one then
it doesnt simply guarantee about success but its better or worth the risk rather than doing nothing at all.If you cant make business then stick out with those
jobs like food delivery service or some sort.We do need find ways or else we would really be ending up on starving stomach.


Title: Re: Need of the hour : Use the Crisis
Post by: crazy-pilot on November 11, 2020, 09:46:01 PM
Excuse me, when was the second wave of coronavirus? I thought the second wave is going on now ...
Are you talking about catering? But now everything around is starting to be quarantined. The only option is to work with delivery and takeaway. Doubtful proposal.
Teaching children ... It might work, but again on a remote basis.
It will be very difficult for small business now, there are too many restrictive measures. People are trying to save and not invest in their development.


Title: Re: Need of the hour : Use the Crisis
Post by: raidarksword on November 12, 2020, 04:15:50 AM
It is really a good advice and making it as an extra income will always be welcome to everyone of us, any small food business will surely do and i have my neighbors here are actually selling some snacks stuff in our small town. We can stop this crisis in our little ways and providing foods to our family will always be the priority and source of our strength during this tough times as we continue to live in a safe and productive lives even with this pandemic we are experiencing.


Title: Re: Need of the hour : Use the Crisis
Post by: proTECH77 on November 12, 2020, 04:58:10 AM
Many countries are yet to recover from their lost during lockdown that caused so many damages to the world economy. Starting a scale business cannot make people to overcome the hardship in the country without the assistant of the government to demand more money from central bank to enable many citizens grow their crops in the farm and also release loan to organization sectors to make sure all companies are functioning in the country to end the crisis totally.
Many are still afraid of second lockdown rumors that is spreading that the government is still planning to announce second lockdown,to enable them to find solution to the virus vaccine, so that the citizens can move freely in the country. With the strategies the government has put in place by washing your hands all the time and wear of facemask will reduce the spread of covid-19 in the country.


Title: Re: Need of the hour : Use the Crisis
Post by: Cling18 on November 12, 2020, 06:57:52 AM
Searching for the opportunity and looking for ways to earn is the best way that we can do to survive this crisis. We can't rely on the government alone. Our country is now in the midst of chaos not just because of the pandemic crisis but because of the natural disasters. Lots of families have lost their home but I believe that we could still recover and find ways to sustain our lives again. I hope that things will still get better in the future and people who have lost everything could still find jobs and opportunities again.


Title: Re: Need of the hour : Use the Crisis
Post by: BuNga_cute on November 12, 2020, 07:35:40 AM
This is a very interesting topic in my opinion, because I believe the members of this forum are mostly affected by COVID-19.
We should all be able to make a lot of money in a situation like this, and in this topic we can share ideas for businesses that
are suitable in a pandemic situation. Of course, the most suitable in a pandemic situation is an online business. Especially now
that there are a lot of social media that we can use to promote the products we are selling. Or we can use the market place
platforms in our respective countries. I try to sell supplements or vitamins to increase body immunity, and according to my
predictions the demand is quite high in a pandemic situation. I can get quite a lot of income from my business, in my opinion
as long as we work hard, the results will not disappoint.


Title: Re: Need of the hour : Use the Crisis
Post by: justdimin on November 12, 2020, 08:23:05 AM
Some had used the pandemic to earn money by making some business related to covid-19 .Using the opportunity is important one in all situation.Some vegetable and food vendors had earned a lot in this corona from the people fear and insecure feelings.Some people had suffered a lot by losing their job and hard to earn for their basic needs.So this corona had make them to learn the importance of money.
Turning the pandemic into possibility is the right way to move forward. Like you said there are people who even took advantage of the fear people had and made money off that, which is not a moral thing though.

I take the example of pizza restaurant chains like dominos who ensured people about safety with their ads and promotional videos but at the same time they increased the cost of pizza delivery/taxes by a fair bit to accommodate the safety measures cost. People are happy to spend an extra dollar to get safe food and there are various measures taken like the delivery partner's body temperature is measured and shown when they deliver you the pizza. Being creative and converting problem into possibility is the right mindset.


Title: Re: Need of the hour : Use the Crisis
Post by: carter34 on November 12, 2020, 10:50:43 AM
Searching for the opportunity and looking for ways to earn is the best way that we can do to survive this crisis. We can't rely on the government alone. Our country is now in the midst of chaos not just because of the pandemic crisis but because of the natural disasters. Lots of families have lost their home but I believe that we could still recover and find ways to sustain our lives again. I hope that things will still get better in the future and people who have lost everything could still find jobs and opportunities again.

Recovery this time is from government. The government should be serious in supporting small scale of businesses. Most countries are giving palliatives to individuals which can go only for feeding for the time but proper support should go into raising substantial amount for died businesses to come back and start employing people again which will help families on a longtime.


Title: Re: Need of the hour : Use the Crisis
Post by: Inkdatar on November 12, 2020, 01:08:23 PM
During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus. So we have to think other ways to to earn to survive during this crisis since we can't rely on all of our needs from the government.


Title: Re: Need of the hour : Use the Crisis
Post by: Paycoinzzz on November 12, 2020, 03:01:09 PM
-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !
With limited direct communication, online services will be essential at the moment, especially in countries with high and uncontrollable cases.
If I have a large capital of about 100k $ - 200k $ then I will export medical equipment to America, India. especially items such as masks, hand sanitizers and protective uniforms against viral infections.
The reason I trade with this item is because the demand is very high and overseas production is also quite simple with low cost. Besides, I also have good relationships with some people in America and India. They all work in the state agencies, so my export process will reduce a lot of costs as well as time.


Title: Re: Need of the hour : Use the Crisis
Post by: CODE200 on November 12, 2020, 04:46:12 PM
Well, atleast OP did not mention about investing all of his money to cryptos at times of such which I saw in many discussions.
Small business is okay as long as it won't be a waste of time such that it will generate profit whether big or not. There is really an opportunity to earn profit from doing so but the thing here is risk. The market price is in upward movement but anytime, a downfall could take place and that is being feared right now since people are needing money. If you have the privilege to invest, then that's better but we need to cut the idea of persuading someone who is desperate to earn profit, on risking the money he cannot afford losing.


Title: Re: Need of the hour : Use the Crisis
Post by: Genemind on November 12, 2020, 06:42:37 PM
As for me, starting up a small business during this situation will be a good start but we have to consider the demand of people around us. There are also lots of online opportunities that we could grab these days. This pandemic crisis won't end soon so we have to do something to survive and continue living. Online selling and online businesses are in demand these days, we just have to look for a business that could fit our capital and capability.


Title: Re: Need of the hour : Use the Crisis
Post by: SquallLeonhart on November 13, 2020, 09:59:22 AM
Starting a whole new business during this period is something I really wanted to back in the day but it is hard to find money during this period, the idea is good but the execution requires capital and many people who were affected by the pandemic already has low amount of money, to tell them to start a new business during this period is not really a smart idea.

Of course we could try to get a loan and start something small, not a huge business brick and mortar but more like a website or app that would be under 1000 dollars to start, and hope that it works out, but even that would be quite difficult to pay back if you do not have a decent income to pay it back. Which is why I agree that starting a business during this period is an awesome idea, but it is also very difficult to do.


Title: Re: Need of the hour : Use the Crisis
Post by: lixer on November 13, 2020, 01:45:23 PM
During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus.
Whenever I log on to Twitter I do see people in my locality that are selling baked goods as well, and some are selling shortcakes and other things like that, and chicken and the rest of them. When you make an order they put in their package and deliver it to you.

It’s a good business, although I still think that the business is a tough one to do today because the competition is high and it will be worse for you if you’re someone that is still new to social media or you don’t have much followers. It’s always better for people who have a good number of followers that are active.


Title: Re: Need of the hour : Use the Crisis
Post by: Sapphire915 on November 13, 2020, 03:23:52 PM
Starting a business is not as easy at it seems, I'm sure everyone will like to have their own business and be somewhat self employed, but there are many factors hindering the growth of small scale businesses and by extension, microeconomics. Capital is one of those factors, many people do not really have the capital to start the business of their choice, and the government are not willing to support small scale businesses with loans, it's easy to tell people to start a business, but without capital, starting a business is not possible.

Competition is another thing when considering starting a business, honestly if you look at some of the options people have when considering setting up their own business, there are more than enough businesses in that line already and you may be knocked out of business very fast as a result of stiff competition. Mind you that this pandemic is also not a good time to even consider starting a business, there are too many uncertainties with lockdowns and the rest, plus people mostly depend on home delivery for most of their needs. What I think could work this period is having a skill that people actually need, imo selling a skill looks pretty profitable at this point, especially one you can reach your customers without meeting them in-person.


Exactly. Capital is the main problem for business starters, because no matter how you really wanted to put up a business and no matter how skillful you are, if you have no capital, then its just useless. However, there are lending companies that offers a cash loan for business capital if we are really interested. Maybe then, we could try to lend a minimum amount and do our best to make the business grow and be more profitable so we could surely pay the loans monthly amortizations in due time.
As for the competition problem, its no surprise at all. I think online selling is the best in this strange time and be more creative in marketing strategy in your social media platform so you will get more buyers and earn more. Starting up a business basically needs more courage because its a risky move, especially if the capital is just borrowed from a Lending company, its a total risk that you need to have a lot of courage and hardwork to be successful in whatever business you are planning to start with.


Title: Re: Need of the hour : Use the Crisis
Post by: zeingrind777 on November 13, 2020, 04:33:21 PM
I think being a freelance writer or freelance designer is a good idea. all it takes is a computer and skills. Some of my friends who are no longer working due to the pandemic have become freelance writers and are making money from home. we can follow the steps of becoming a freelancer so that we still have an income even though we have to be at home


Title: Re: Need of the hour : Use the Crisis
Post by: Argoo on November 14, 2020, 06:42:20 AM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !
Small businesses have been hit hardest during the coronavirus pandemic.  Public catering is exactly the type of business that is closed in the first place when there are complications in the fight against this virus.  If the coronavirus interfered with our usual occupation, then it would be better to do more cryptocurrency.


Title: Re: Need of the hour : Use the Crisis
Post by: nangthothan on November 14, 2020, 07:27:17 AM

I lost $ 500 at home while translating to learn forex trading. And I think it will continue. crazy, right: v


Title: Re: Need of the hour : Use the Crisis
Post by: Mauser on November 14, 2020, 08:16:35 AM
During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus. So we have to think other ways to to earn to survive during this crisis since we can't rely on all of our needs from the government.

Doing an online business from home is probably the best idea during the corona pandemic. If we can income from home while staying save from the virus and protect our families would be awesome. I thought myself about doing something in the food area but in my country its very competitive at the moment. Due to the new lockdown all the restaurants and bars are closed. The only way for them to get any income right now is either by the government, which is usually not enough, if by doing delivery services of food. It's very hard for a new player to get into that business.


Title: Re: Need of the hour : Use the Crisis
Post by: Salauddin1994 on November 14, 2020, 08:17:18 AM

I lost $ 500 at home while translating to learn forex trading. And I think it will continue. crazy, right: v

If you think you can lose it is best to stop trading for now this will reduce the risk you need to learn more about trade forex trading is very risky for beginners it is better to trade manually he started with a small amount of capital without harming himself during this crisis. Learn about trades by researching different places in the market and try to understand the charts of trading this will make it much easier to trade and overcome the crisis.


Title: Re: Need of the hour : Use the Crisis
Post by: Karartma1 on November 14, 2020, 09:07:09 AM
If you are in for some extra income while the pandemic crisis lasts and you have some time to spare on extra activities have a look at the following link: make money with a side gig and learn how long it will take to see the extra income. I believe most of you possibly know the majority of these activities  ;)
https://www.nerdwallet.com/blog/finance/how-to-make-money-at-home-and-online/


Title: Re: Need of the hour : Use the Crisis
Post by: ethereumhunter on November 14, 2020, 03:48:52 PM

I lost $ 500 at home while translating to learn forex trading. And I think it will continue. crazy, right: v

Forex trading is not the same as crypto trading. Maybe you need to learn more details about forex trading, so you know how to enter the market. I don't know much about forex trading, and I don't want to enter forex trading because I think that will need bigger funds than crypto trading. Maybe you can try to trade crypto trading someday. Besides that, you need to spend longer in forex trading to watch the price moves.


Title: Re: Need of the hour : Use the Crisis
Post by: iamsheikhadil on November 14, 2020, 03:59:18 PM
I think selling products on online commerce is a good way. Freelancing, making essays and assignments is what I have done in the past and these are skills that make you independent really because you aren't anyone's employee and be fired. You get paid what you work for. This time indeed is a great opportunity to make money and learn skills.


Title: Re: Need of the hour : Use the Crisis
Post by: Dragonfund on November 14, 2020, 05:23:54 PM
Here is something we need to understand. Life is all about changes and we human easily adapt to changes and way of life. Life can be unfair at times and I am a living example.
Let's use BITCOIN as life example to human and the pandemic effects.
So, the Asians part of the the country saw the virus and pull out of the market before everyone does, this made bitcoin to fell badly and over sold, some altcoins went to almost zero in some exchanges but how do you see bitcoin today, its bounce back with full force. Same goes with us human. I don't expect the next wave of pandemic will really have big effect. Most countries has seen worst and are already taking safety measures.
About way forward?
I'm looking forward how to complete my undergraduate degree.


Title: Re: Need of the hour : Use the Crisis
Post by: Casdinyard on November 14, 2020, 06:24:45 PM
During this difficult times we have to think of other ways to earn income since a lot of people don't have a job because of this pandemic. The trend lately in our country is doing food business online, selling food online which is easier to attract customers. Also what I did to earned is selling baked goods which are also in demand because some people don't want to go to any store to buy foods to avoid this virus. So we have to think other ways to to earn to survive during this crisis since we can't rely on all of our needs from the government.

Doing an online business from home is probably the best idea during the corona pandemic. If we can income from home while staying save from the virus and protect our families would be awesome. I thought myself about doing something in the food area but in my country its very competitive at the moment. Due to the new lockdown all the restaurants and bars are closed. The only way for them to get any income right now is either by the government, which is usually not enough, if by doing delivery services of food. It's very hard for a new player to get into that business.
Not the best idea but rather the only way to generate income if you're not capable of getting back to work. But that won't be as easy as it may sound. There will be a competition in a sense that many people are doing so. So you need to come up with an idea that will make you stand out among the competitors ; it could be service, promotions, or anything which will help you to be more recognized. It is not a bad thing, in the first place you did not start a business to just lose money. And it is a requirement to be competitive when it comes to business.


Title: Re: Need of the hour : Use the Crisis
Post by: CarnagexD on November 14, 2020, 10:02:29 PM
In my country, online business and food deliverry services flourished better than ever. Last year a lot of people have been mocking these businesses for being so "out of touch" to the outside world. Goes to show how things that don't make sense today would be logical tomorrow. Nonetheless, we also see a big increase in the amount of peoplr investing in crypto. So while other business and employment firms die off, others flourish on their ashes.


Title: Re: Need of the hour : Use the Crisis
Post by: Shasha80 on November 14, 2020, 11:07:56 PM
Many people complain in a pandemic situation like now, and expect help from the government. Such a person will not survive,
we have to think creatively in situations like now. There are many things we can do to survive and make money in a pandemic situation.
One of them is starting small businesses, think about what items people need in a pandemic situation, that can be an idea for your business.
I think selling healthy foods that can increase your body's immunity can be a good idea for your business.


Title: Re: Need of the hour : Use the Crisis
Post by: cheezcarls on November 15, 2020, 12:24:38 PM
Hello everyone I am quite aware that we all are going through a tough time. With the third wave of the virus , the lockdown have caused chaos worldwide. I do think that the only possible solution we have is to: Use the Crisis in our favour. Think about all the things that can be done to start a new business, earn from home. As for me I believe we have to rely less on the government but more importantly start small businesses, this is the only way that we will be able to go though the pandemic.

-start small businesses
 Example: Food service , tutoring kids through zoom etc..
-go with small investments and look for what people are looking, if you are living in an area with students living in hostel , 24*7 food service is going to get you like 100-200$ per 2-3 days ( Tried and tested ;) )
-only apply for those jobs which do have favourable conditions for the workers ex- free insurance etc.

What is your business idea ? During this pandemic? You think it would work ? Why/why not ? Let's share !

This reminds me on the day that the pandemic crisis has started in the Philippines. I didn’t have a job back then and got no idea on what to do to survive the pandemic. One day, I was lucky to get hired by a crypto company on a minimum wage and until now I am still grateful and thankful for them. I am trying to save as much as I can, but I was using funds for essential needs during the lockdown like buying a bike, reformatting and upgrading my computer, setting up my room studio, etc.

Until I got another idea, where I wanna do live or pre-recorded interviews on my Facebook page and Youtube channel. At first, the interviews are free of charge because I was still building up my brand. Until one day, I got some unexpected compensations coming from various companies who wanted to be interviewed on my page or channel, which give me extra funds to save as well, etc. And on top of that, I am joining various bounty programs, airdrops and contests no matter how small or big the amount is. 

As the old man said, “There are two sides of the coin in every situation”. Instead of sitting there worrying or thinking negatively about the pandemic, I am taking action by looking on the brighter side of this situation. Until now, I am still grateful and blessed that I am surviving the lockdowns, curfews and travel restrictions. I know it sucks to wear masks and shield outside of our homes, and even suck staying at home for most of the time, and not able to travel around the world. But this is temporary and we will get this through once an effective vaccine is in place.


Title: Re: Need of the hour : Use the Crisis
Post by: jostorres on November 15, 2020, 08:05:05 PM
Starting a business like that is for people who have the money to start such business. Life for everyone is very different and some people have to be working everyday to eat.

But, this is still a good business idea that you have, and there are still so many other works that one can do, you can look for companies that are working remotely and with open positions and can apply to start working for those companies from your house. This will be good especially if you’re the type that’s afraid to leave your house to move around at this time, you can just stay home and be safe and not worry about going out and contacting the virus.


Title: Re: Need of the hour : Use the Crisis
Post by: bearexin on November 16, 2020, 04:59:14 AM
Starting a business like that is for people who have the money to start such business. Life for everyone is very different and some people have to be working everyday to eat.

But, this is still a good business idea that you have, and there are still so many other works that one can do, you can look for companies that are working remotely and with open positions and can apply to start working for those companies from your house. This will be good especially if you’re the type that’s afraid to leave your house to move around at this time, you can just stay home and be safe and not worry about going out and contacting the virus.
We all have some money and utilizing that amount in the best possible manner is the right way to survive because if you have some money and you fear you might lose it if you risk investing it into a something new then you must also spare a thought that if you do not try something new you will eventually empty all your balance either ways so why not take a small risk and if it pays, you can overcome the current problems.

I will not suggest big plans like opening a showroom instead opening a small food corner using the land you own or maybe outside of your home. You can also start a cloud kitchen and sell food that ways as it requires almost no money.


Title: Re: Need of the hour : Use the Crisis
Post by: wiss19 on November 16, 2020, 10:18:57 AM
One of them is starting small businesses, think about what items people need in a pandemic situation, that can be an idea for your business.
I think selling healthy foods that can increase your body's immunity can be a good idea for your business.
That is right but the truth is that, you need a huge amount of capital to start a new business and taking loans to start a new business then creates extra pressure on your which also brings a new risk, if somehow you are not able to succeed with your new business then you start digging a bigger hole because you need to take more loans to pay that loan or try something else. It becomes a really frustrating cycle and I have seen people taking loans to lift their existing business and it did not go very well.

I believe service is the best option in such times because you don't need capital and you are just selling your skills to earn money like freelancing is a good example or you can try to contact local shops and work for them, etc.


Title: Re: Need of the hour : Use the Crisis
Post by: barbara44 on November 16, 2020, 03:02:03 PM
I really like the thinking and optimistic approach mentioned in the OP but there are some problems which when you start you will face.

- You will need to find a way to promote your new business or whatever you are planning to do.
- You need to ensure that while you are earning you are also ensuring that either the business has growth potential otherwise you will just get caught in a small business without any potential.
- If you had a job and lost it, try to find a new one and in your spare time do these food stalls or whatever but do not get in the comfort zone because once you start earning with your own business you might settle within it.

So do these things to earn money in hard times but make sure you are not getting caught with these once the pandemic ends.


Title: Re: Need of the hour : Use the Crisis
Post by: jaberwock on November 16, 2020, 05:50:34 PM
This crisis may not be a reason to figure out a way to take advantage of the situation. However it is certainly something we have realized that we need to change the way we think about finance and economics.

Remote working was starters, people realized they could work from home, do freelance work or find regular paying salary jobs that doesn't require you to go to office (or even be in another nation) and since companies needed workers like that it became a big more famous. That is just the job and career part, when it comes to investing your money, people realized fiat is not the way to go because fiat could change so drastically and future of fiat depends on some weird world leaders nobody trusts. So, now everyone is after decentralized passive income that could make a base income for you in case another thing like pandemic happens.