eBiz Weekly is a free newsletter packed with tips, insights and opportunities to build your online business. We send it out every Friday to 4,520 legendary subscribers. We also post the content of each email here on the website.
- 29 successful recession businesses
- 1000’s of online job opportunities
- Loads of Free Stuff
- Cold outreach in the time of coronavirus
- $1000 in 24 hours?
- 24 ways to make money on Facebook
- Coronavirus impact on online business
- Control and Certainty
- Insights and resources for Ecommerce woes
- Get paid to read books
- Quarantine Comedy
29 successful recession businesses
An article I put together yesterday: 29 Successful Online Businesses Started During A Recession
On that list you’ll see:
- Billion dollar companies 🤑
- 1 person, million dollar businesses 💰
- Famous podcasts 🎧 and YouTube channels 📹
- And some humble lifestyle businesses 💵
I’ve also included a few reassuring bits and pieces at the bottom of that article.
Such as these words from Brennan Dunn:
I was surprised, especially when I was really worried about the doom-and-gloom of the 2008 recession, by how seemingly better things got for my [freelance] business when the downturn hit.
And these from Paul Jarvis:
When I was doing web design full-time, each time an economic bubble burst or a recession hit I found myself in a great place to find more jobs because I could offer the quality of work a larger agency could provide, but at a price that had one less zero in it.
1000’s of online job opportunities
With tons of companies moving their operations online and looking to hire remotely, there’s plenty of paid work on offer…
- Concentrix is hiring for 1000’s of work-from-home phone jobs ($10-13/hour) in 35 US states
- AngelList has 18,000 remote job postings
- This new remote jobs site wants to help you work in your underwear
- This site posts an average of 20 remote design jobs per day (7 day free trial)
- A list of 40 fast-growing remote startups that are hiring
Loads of Free Stuff
A bunch of people and companies are responding to these tough times by giving away stuff you usually have to pay for 👍
- Pat Flynn’s Smart From Scratch (usually $249, more free stuff from Pat here)
- Ahrefs’ Blogging For Business course (usually $799)
- DigitalMarketer’s Lab Membership (usually $95/month)
- ADmission monthly membership (usual price unknown)
- Scribd’s ebook and audiobook subscription (usually $9/month, book recommendations here)
Also, this website lists a ton of education companies with free offerings for teachers.
Cold outreach in the time of coronavirus
Mike Volkin shares in this short video how he picked up a new lead for his freelance business recently.
In short: touch base with past clients and do some prospecting 💬
In last week’s email I shared a script you can use to message past clients.
Inspired by Mike’s video, here’s one you can use for cold outreach:
Not sure how coronavirus has impacted your company, but many companies and industries are starting to feel the effects.
Just so you know, I’m a freelance [web designer, writer, translator, whatever] working from home. I don’t need to meet with clients in-person to do great work and deliver results.
Happy to jump on a quick call at your convenience and see if I can be of service.
[contact info + signature]
Subject line could be something like: How is coronavirus affecting your business?
$1000 in 24 hours?
Dane Maxwell writes:
In just 24 hours I had 21 leads and 5 people interested in buying a $300 product, which would have earned me a potential $1,500 from spending $184.93.
The thing is, he didn’t even have a product to sell those leads initially 🤫
Dane details the entire process in this blog post, including a recording of a real sales call with a customer.
And yeah, targeting massage therapists like Dane did wouldn’t be a good idea right now, but there are many other niches you apply the same principles to.
24 ways to make money on Facebook
My favorite is #15: apparently Facebook has a “bug bounty,” meaning they’ll pay you $500 or more for finding bugs 🐞 in the Facebook app or website.
Coronavirus impact on online business
Matt Diggity shares some thoughts in this video on how different online businesses are likely to be affected by coronavirus 🦠 and the accompanying recession 📉
He’s mainly focused on SEO and affiliate marketing but there are some takeaways there for anyone working online.
Some key points I took from it:
- Anything outside of health/wealth/relationship niches is likely to suffer
- Competition from big players will lag
- Resources should get cheaper / ads and marketing costs will decrease
- More businesses will be coming online
Control and Certainty
People crave certainty. I mentioned how the sense of lost control leads to more fear. Thus, the more control and certainty you can provide as a brand, the better! Let your customers know what’s going on, what they can expect, and what your plan is. The best thing you can do here is to be as transparent as possible.
Rob O’Rourke posted an excellent video along the same lines a few days ago ▶️
Now more than ever you need to be focused on helping your clients achieve specific results and regain a sense of control and certainty.
Do that, and your business can thrive.
Insights and resources for Ecommerce woes
Ecommerce businesses seem to be getting hit especially hard right now, as a few of the comments on this Reddit thread indicate:
I work as a dev for around 12 e-commerce sites in different industries and they’re all seeing a substantial slump in sales. People’s priorities are elsewhere. Unless your business is supplying something like cleaning products, masks, food etc then you’ll probably see a slump too.
Over the past week, we’ve seen a large drop in sales for our clients. Apart from companies that sell essentials or dooms day prep things, I do not think there will be a boost. We have scaled back our ads for all of our clients.
Get paid to read books
An article from Well Kept Wallet: 15 Sites that Make Reading and Reviewing Profitable
Bit of a misleading title, because only 7 of the sites listed actually pay you cash.
There’s not big money to be made from those sites either but they might be worth your while if you read a lot anyway 📚
If you need some cheering up, check this Twitter thread 😂
My latest batch of personal ramblings are on Patreon. Words on the last-minute move from Bali 🇮🇩 to Tbilisi 🇬🇪
That’ll do it for this week.
Was there anything above that you found particularly useful or interesting?
I aim to pack these emails with the best tips, insights and opportunities for building your online business. Your feedback helps me do that.
Also, feel free to forward this email to a friend, or you can direct them to the online version here: https://ebizfacts.com/ebiz-weekly-63/
In case you missed em, here are the last three editions of eBiz Weekly:
- #62 – Stuck at home? A few ideas to make money online…
- #61 – Sam Ovens Review + February Finance Report
- #60 – 20 years old, traveling the world, $12k/month online
- Full archive
Until next week, rock on with your legendary self 💪
Niall Doherty – Tbilisi, Georgia
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