We are currently experiencing trying and uncertain times, the likes of which most of us have never seen before. In addition to the global pandemic affecting the health of so many people around the world, there is an incredible strain being put on the global economy. People are losing their jobs, being furloughed, or being forced to work from home for the first time.
One of the best ways to deal with uncertainty is to keep a positive mental mindset. Now is the time to be more resourceful than skeptical and to look for opportunities to make the best out of trying times. Here are a few opportunities that are presenting themselves as a result of COVID-19.
The Work from Home Revolution
As of late March, more than 160 million people in America are being ordered to stay at home. This number is only expected to grow in the coming days and weeks. While some people have lost their jobs amid businesses shutting down, many of these people are being forced to work from home.
Working from home was already a major growing trend in 2020 before any of this happened. According to the latest available Census data, more than 8 million people in the U.S. work from home full time, and employees that occasionally work remotely have steadily increased from 39% in 2012 to 43% in 2016 to over 60% in 2019.
When people go back to work, the work from home revolution will speed up dramatically. Businesses and employees will have put systems in place to allow for easier telecommuting due to the current situation, and both sides will be eager to reap the benefits of working remotely when things return to normal. Working remotely is no longer a trend; it is here to stay.
Creating a Home Business
For many people who are now unemployed or have been unhappy or underemployed in their current job, this time of social distancing and self-isolation will provide an opportunity to plan for the future. Under normal circumstances, most people don’t have time to explore new business opportunities, but now, many people are finding themselves with a lot of excess time on their hands. Whether it is an opportunity or a necessity, now is a perfect time to think about how to make money from home.
The problem many people face in this situation is that many home business opportunities take a lot of money to start or a lot of time to get off the ground. These are two things that people who now find themselves in an uncertain job situation do not have. One home business that people can start quickly and without a big investment is a Network Marketing business.
Identifying Network Marketing Opportunities
Network Marketing is a business model where companies partner with independent home businesses and individuals to market and sell their products. As a Network Marketing partner, you can create your own business that markets a larger company’s products and make commissions from sales.
The first step to finding the right partner is to identify companies that have embraced online marketing and social media. The days of face to face meetings, coffee shop meetings, and home meetings are on pause right now, so finding companies to partner with who embraces online commerce is ideal.
You also want to look for companies to partner with who sell products that are currently in high demand. Now is the perfect time to partner with companies that make physical and mental wellness or healthcare products. Things like nutritional supplements, sleep products, meal kits, energy essential oils, weight-loss, or home fitness products are all things that are in high demand right now. Once you have identified the companies and products where you see the most potential, you are ready to start and build your business.
Watch out for companies that have overpriced products, high enrollment fees, monthly minimums, or "to good to be true" and "overnight success" stories. The companies that are leading the next phase of growth in Network Marketing are different. They are customer-focused and mission-driven. When you find this type of company, you won't have to ask, it will be self-evident.
Now is the time where millions are looking for an opportunity, and even though the global economy is slowing down, there are plenty of opportunities out there for people who know where to look. Network Marketing can be the solution to making money from home in these uncertain times and can give people a chance to change their future right from their homes.