How covid19 wil affect online money making?
- Thread starter mrmourax
- Start date
D
Deleted member 658642
Guest
I’m glad your first post on this forum is an original thread that’s clearly not 6 months too late.
a didnt know about covid before this day
botprofessor
Senior Member
- Oct 30, 2013
- 996
- 591
Online sales of almost every sector pumped up when pandemic started but I would focus on starting your online business and getting sales first rather than wondering what impact of covid will be.
How? Where are you from?
HoNeYBiRD
Elite Member
- May 1, 2009
- 10,187
- 12,580
How is that even possible? Were you staying in a remote place with no internet and no access to news (TV, radio) since at least March?
I traveled in the forest in Brasil about 6 months so didnt know. What do you think about my question?
Estonia, but traveled in Brazil jungle
HoNeYBiRD
Elite Member
- May 1, 2009
- 10,187
- 12,580
That's pretty cool, under these circumstances one of the safest places even. You missed a big shit show.
In my opinion changes due to the virus already happened in the online space, at least most of them. The virus is not going anywhere even when there will be a vaccine, so these changes are here to stay. Any business, which wants to stay afloat, needs some kind of online presence now. E.g. even small restaurants were forced to deliver food and register themselves with food delivery services, mobile apps. Grocery home delivery were also booming.
The virus acted as a catalyst in many cases. Changes were already happening slowly, think about the fashion industry for instance. Online sales were constantly climbing even before the virus, but for a month or two brands were only available online, because the brick and mortar shops were closed. All the sales they made, they made online. If they had no online store, they didn't make a single cent.
Probably there is more competition now in some areas, but there are also more people, potential buyers online. When the virus situation was really bad in spring, and there were lockdowns all over the globe, a lot more people were online at any given moment than usual, which in some areas got to the point, that it broke the internet, the infrastructure couldn't handle the traffic. So yea, more competition, but also a (lot) bigger audience.
All things considered hopefully the situation won't escalate to the level, where it was in spring. We are more prepared now, we can predict things, so country-wide lockdowns, too drastic measures won't be necessary anymore.
The internet became more important than ever. On the other hand i wouldn't expect too big changes furthermore due to the virus, those already happened.
Forget about question and money, run back to forest for next 6 months.
D
Deleted member 1333509
Guest
everyone will just get such confuse.
- May 30, 2019
- 13,497
- 10,681
Unless you're selling physical products, not a big deal.
Schemethusiast
Newbie
- May 18, 2020
- 18
- 7
Adapt, plan and execute.
catwithhat
Senior Member
- Oct 6, 2010
- 808
- 621
People sitting at home more, spending time in social media looking to make money online. Alot of businesses dont have website or any web presence at all. Theres 1000s shops and brick and mortar businesses which dont have eshop. So therefore covid is good for online especially if you build websites and do online marketing.