Hi Angee. Thanks for stopping by and leaving your comment. I was also hitten in the 2008 crisis and as just starting professional without financial support from my family, it was almost a disaster. So, I would recommend to your daughters: to start learning some valuable skills. Secondly, learn how to invest money. As many opportunities will be now “cheaper” to go into as in economically peak times. Online Business is great as a new skill and as well as investment ins sort of way. Furthermore, as already mentioned earlier, Money Master the Game is really an eye opener. I just wish I read it those 15 years ago. If I would start back then and invested in an index fund with 10% average compounded growth (real life case shows that’s what is possible if you invest in proper index fund) and put let’s say $100 a month, I could have now: over $40 000 in my bank account. If you put it that way to your daughters, they might like it. Let me know, how they progressed. Cheers

You welcome Christine!

Hi Cristine. Thank you for your comment. First of all, congrats that you leaving your job in order to persuade your dream of being self-employed. I think, the beginning phases of this adventure are hard for almost everyone. Especially if starting as one man business and without any investor behind you. During my start 2 years ago, I was earning just 700€ a month. Now, I do earn almost triple and I’m still growing. Secondly, not sure what is your area of business, but if I were you I’d ask what are the reasons it dropped? Is it just summer or maybe something else? Like war crisis? People leaving for the holiday? That way maybe you can come up with more ideas. Don’t be afraid to dig in other areas for time being. Furthermore, regarding your question about the websites, I’d say that the number one measure for eventual buyers, is TRAFFIC. Because if you have visitors, you can market them and then the number of sales up to that moment is not important. I can’t give you investment advice as I’m not entitled to do that, but I think that the example I mentioned in my post, can be the way to start. If you see, you can even start with 100€ a month (or even less and increase at a later stage ). Important is to start. If you want to know more,I’d really recommend Tony Robbins book ,Money Master the Game. I hope this helped you. Cheers

Hey Chas. Thanks for stopping by and leaving your comment. Timing is everything, it seems like you are already ahead of the herd when you mention this. The biggest investors will agree with you as well. In the end, the recently COVID crisis ,just showed how the right timing is absolute must. Really great that you mentioned the dot com bubble. So more people can see the relation. Well. I wasn’t back then in the business,so I can’t really relate, but the fact that the online business area not only survived, but is thriving in every time, says a lot. I hope as many people will go and grab this opportunity. Cheers

Hi Matt. Thanks for your comment! You’re one of the enlightened that also see the potential in an online business? I mean even the biggest names ,I mentioned Tony Robbins already and he is one of them, are shifting their activities online. Someone can say, that’s temporarily. I will disagree. The drop in physical labour jobs and similar was a huge before COVID. During COVID crisis ,it was even more obvious and now it somehow stays on the same dropping speed. So, therefore the solution is almost obvious. To thrive in the upcoming (not only crisis ) times, an online business seems to be the best solution.

Hey Ceci! Thanks for stopping nu and leaving your comment. It’s all about the shift in the mind, which will lead hopefully in shift in actions. Because for instance, during COVID pandemic it really wouldn’t be clever to invest in restaurant or hotel. So,where to invest during upcoming crisis? Besides ,ncestment in stocks, bonds Efts and similar, the best thing is to invest in self. In self education. Because those who will learn a new skill that can be marketed at later stage or even better, if you can start an business, then at the peak of the crisis, those will have a huge advantage. The best business to start is undoubtedly, an online business. In my eyes ,the only business that has guaranteed growth. Wishing you just the best for managing the coming weeks/months. Let me know if I can be a further help. Cheers

Thanks for this inspiring article. I admire your honesty and generosity in showing us how to make money online. I think people should understand the power of the internet and leverage it to build a long-term sustainable business. By doing that, we will have more physical and mental freedom to buy back the time and live a laptop lifestyle anywhere & anytime. 🙂

Matt