How you can make money during the crisis in Russia and what to do

Real estate transactions

To understand how you can make money during the 2020 crisis, you must first decide how you want to earn income. The most common option, which is suitable for people with large savings, is real estate transactions.

There are several ways that allow you to earn good money in this area:

• Selling your own house or apartment. As housing prices begin to decline during the crisis, sell your apartment or house and convert your money into foreign currency to protect it from inflation. In just a few months you will be able to buy an equivalent property, but much cheaper;
• Purchase of unfinished property. In difficult economic conditions, many people experience financial difficulties, so they stop the construction they have started and put the property up for sale. If you have start-up capital and are thinking about where to make money during a crisis, invest your money in such an unfinished project. After this, you can continue construction and sell the property at a higher price;
• Property for rent. This is the easiest and most reliable way for ordinary people to make money during the 2020 crisis. It is perfect for those citizens who have additional housing, but do not want to sell it. Tenants can be found through advertisements on the Internet or in the media. If you do not have time to deal with such a matter, entrust it to an experienced realtor. Rental housing is an excellent source of monthly passive income.

Is it possible to make money during a crisis?

The financial crisis is accompanied by destructive processes in the economy. During such periods, the balance of supply and demand is disrupted. The solvency of the population is falling, as many companies are on the verge of bankruptcy and cannot fulfill their obligations to preserve jobs and pay wages. At the same time, food products, clothing and utilities are becoming more expensive.

The economy can falter due to various reasons - economic, political. The scale of the crisis can also vary – from individual states to the whole world. Currently there is a global crisis caused by the coronavirus pandemic.

An economic downturn is accompanied by the following phenomena:

• Collapse of prices on world exchanges.
• Mass layoffs.
• The collapse of the national currency in relation to the world currency.
• Rising prices for housing, utilities, services and essential goods.

In crisis situations, the population is in fear of the future, and therefore cuts its budget, limiting itself to purchasing only the most necessary goods and services. This inevitably leads to the ruin of companies from a number of industries. Thus, manufacturers of luxury goods suffer huge losses.

It is quite possible to do without credit cards, jewelry and expensive cars. These are not vital goods, and therefore people put off buying them for later in a financial crisis. In addition, they begin to think through their spending more carefully. And before making a purchase, they try to make sure that this is the most profitable option.

Therefore, you need to understand how you can make money during a crisis. Only producers of truly needed products can be successful. In this regard, businessmen often change their type of activity in difficult economic situations. Those who remain in the segment of unclaimed goods and services inevitably suffer losses.

We recommend

“Business trainings for managers: 5 reasons to take part in them” Read more

The main rule is not to focus on making a profit at any cost, but to direct your energy and time to create goods that people really need. Having discovered such a niche, you can not only avoid going bankrupt during a crisis, but also make good money from it.

Farming

If you live in a rural area and are looking for ideas on how to make money during the 2020 crisis, try organizing your own farming enterprise. In difficult economic conditions, surviving on land is much easier than in large cities. By farming, you can not only provide your family with quality food, but also earn good money. Information on how to become a farmer from scratch in Russia can be obtained by clicking on the link.

During the crisis, the demand for inexpensive food products increases. For example, carrots and tomatoes are always bought everywhere, but if you grow exotic fruits, such goods will not be in demand on the market. It is most profitable to raise domestic animals, especially poultry. A dozen chickens will produce 6-7 eggs daily. This is quite enough to provide for a small family. And if you keep several dozen laying hens, the proceeds from the sale of eggs will cover all current expenses and allow you to make a good profit from this business. Based on this, we can safely say that farming is the most affordable way to earn money during the 2020 crisis in rural areas.

How to make money during the crisis 2020: farming

Another good option for how you can make money during a crisis is farming. If you have land or the opportunity to obtain it (lease), then now is the best time to start.

Note! The UN predicts famine in 2020 and 2021 due to the introduction of quarantine: many farmers did not have time to plant their crops, and there will be problems with selling goods. But small farmers, on the contrary, will be on horseback.

What exactly can you grow?

Almost anything. You can plant a field with potatoes, build a couple of greenhouses with cucumbers and tomatoes, raise ducks and chickens, start growing herbs, and so on.

The main thing is to make the right economic calculations and find your niche. We recommend focusing on inexpensive mass food products:

• carrots;
• beets;
• tomatoes;
• cucumbers;
• cabbage and so on.

To increase profits, you can add berries and nuts, but growing them will take more than one year. Chickens will bring you profit not only as meat, but will also produce eggs - a dozen domestic eggs can be sold for $1. You can have goats - their milk is very popular and costs more than cow's milk, but keeping a goat is much easier.

In general, farming has a lot of interesting prospects. It all depends on your perseverance and desire to work.

There are many examples of how people who have never been to a village organized successful farms and made a profit within the first year after opening their business. Moreover, food products will be purchased in any crisis.

Needlework

Many people are fond of handicrafts, but for them this type of employment is just a hobby, but the production of exclusive designer products can bring in a good income. If you know how to make something with your own hands and don’t know how you can make money during a crisis, try turning your hobby into a business.

Which products are in greatest demand on the market?

• Home furnishings, jewelry and various women's jewelry;
• Products made of cold porcelain - figurines, dishes, candlesticks, etc.;
• Decorative candles. To make such products, you can use wax or paraffin, as well as all kinds of beads, rhinestones and shells;
• Textiles - tablecloths, curtains, bedspreads or handmade carpets.

How to make money in a crisis: repairing household appliances

How to make money in a crisis if you know how to repair equipment? This is the perfect time to start your own business. People won't have money to buy a new refrigerator, TV or computer. They will repair them and not throw them away as before. Therefore, repair services will become very relevant.

At the first stages, you can provide field services, and then open your own workshop and even hire assistants to cover more and more orders. Good repairmen never sit idle: they always have a lot of clients and a queue for several days, or even weeks, in advance.

Trade

In a difficult economic situation, consumer demand is falling sharply, so if you decide to open your own business in the trading sector, you first need to find out what is profitable to sell during the 2020 crisis.

Let's highlight some of the most popular areas of activity:

• Food;
• Medicines;
• Inexpensive shoes and clothing;
• Construction Materials;
• Household chemicals;
• Childen's goods.

Newcomers often wonder what kind of store is profitable to open in a small town? To answer this question, we need to understand what consumers are willing to spend their money on today. Typically, during a crisis, the demand for inexpensive goods, for example, high-quality clothing or mid-price shoes, increases. This is especially true for women's products, since the fair sex always wants to look elegant, so they do not spare money on new things, despite strict savings. If you have enough money to open a women's clothing store, feel free to get down to business. Such a business idea can be implemented in any locality, but only in the absence of a high level of competition.

People will try to save money

It is a fact! This has always been the case during any crisis. People will look for goods and services at cheaper prices, and before I write further, I’ll say right away that, in my opinion, this will be a competitive advantage in a crisis. Price! Keep the price lower than your competitors and you will have sales. It's corny, but true.

To maintain the price or make it lower than competitors, you need to spend less. Accordingly, in most cases you will have to reduce the cost of your goods and services. For example, do more work yourself or look for cheaper rent, staff, etc.

Below we will look at some ideas for starting your own micro-business or earning money on your own, but first one more thing...

Investment

According to experienced financiers, the best way to make money during the 2020 crisis is to invest in reliable financial instruments. Today, many banks offer fairly high interest rates on deposits. They reach 17–18.5% per annum. The main reason for such generosity of financial institutions is the acute shortage of liquidity. During a crisis, many banks need money, so in order to attract customers, they offer fairly high interest rates. In addition, the size of the state-guaranteed payment has increased to 1.4 million rubles, so it is worth paying special attention to this investment instrument.

Another fairly profitable type of investment that can bring good income is foreign currency bonds and shares. During a crisis, you can purchase securities that have great growth prospects at a reduced cost. Experienced investors are buying up “bundles” of shares of reliable companies that have temporarily dropped significantly in price.

You can also profitably invest money in foreign currency bonds of large domestic banks. Some credit institutions offer yields on these securities of up to 30–40% per annum. Of course, before investing money, you need to seek help from financial consultants who will help you check the reliability of the organization. Investing is the best way to earn money during the crisis in Russia, which can be used by anyone with their own savings.

How to get out of the crisis

A crisis is also a kind of time with the emergence of certain opportunities. First you need to solve the problem with cash control. Get rid of debts and loans. Review your expenses again. Close those holes where money constantly falls. And create some security for yourself in the form of set aside money for at least the next half of the year.

You really need to come to an understanding of what a crisis is, go through its analysis and how it can help you get additional income. It is also necessary to actively study investing, to stock up on the knowledge that can change the economic situation in a positive direction.

Of course, after all this, it is definitely necessary to create your own personal strategy for investing money. You also need to take liquid finance instruments in order to buy back securities or real estate at the lowest cost. This is an additional way to earn money.

Garage business

Many people, in order to earn extra money, open a mini-production in the garage of their own home. Let's consider several options that allow you to earn good additional income at home:

• Car repair. In order to do this business you will need certain knowledge and skills. If you have this skill, you can turn this way of earning money into a profitable home business. Ask professionals how to open a service station from scratch, purchase the necessary equipment and get to work. Over time, you can rent a larger space in a good location to expand your business;
• Repair of household appliances. During a crisis, many people cannot afford to buy new household appliances, so such a service will be in great demand;
• Another quite profitable option is smoking fish as a business. Such products are very popular on the market, so you can easily sell them at a wholesale price in large quantities to stores and catering establishments;
• A great idea for earning extra money in the evening is pottery or carpentry. If you have the necessary tools, you can also offer glass cutting services to consumers;
• If you are thinking about what kind of production to open with minimal investment at home with little capital, start making cinder blocks, paving slabs or garden sculptures. Good income comes from the production of souvenir magnets, ceramic dishes or animal feed.

Strategies for making money in crisis conditions

Prices have risen, but incomes are marking time? Does this mean it's time to switch to bread and water? I think that the crisis is not a reason to despair, but, on the contrary, to look for new ways of development and make money on your skills.

Food, food

Having your own plot of land can help you make money during a crisis. Food prices are rising, but you still have to buy them: people need something to eat anyway. Therefore, grow vegetables and fruits, can them and sell them. But please note that prices must be lower than on the market, otherwise there will be no point in your activity.

If you are an experienced pastry chef, you can make money by making custom cakes and pastries or by baking.

Blogging

Your own YouTube channel or blogging on social networks is a promising source of income not only during a crisis, but at any other time. Life is gradually moving online, we spend more and more time online. Therefore, the ability to promote yourself on the Internet is a great way to make money.

You are required to have original and high-quality content and the ability to find common ground with subscribers. If you can reach a large audience and hook them, then there is a chance to make a living through advertising.

Construction

Do you have experience working in construction? Gather your team of professionals and take orders for the construction of gazebos, extensions, private houses, garages. You can earn money starting with small jobs, with a team of 5–6 people. Then increase volumes and accept new specialists into your team.

Repair

Start from a field of activity that is close to you and repair cars, household appliances or furniture.

It is not necessary to rent a separate room for a car service; work can be organized in your own garage. Get tools and earn money by repairing cars.

If you are good with washing machines, refrigerators, vacuum cleaners, or digital equipment such as computers and cell phones, then take on the job of fixing them. During a crisis, household electrical appliances will not break down any less, so there will definitely be orders.

You can offer your services for furniture restoration, reupholstering sofas and armchairs.

Animals, farming

Village residents can engage in cattle breeding. Chickens, cows, pigs will become a stable source of meat, milk and eggs.

You can also make money by breeding purebred animals. If you have all the conditions: additional square meters, the ability to vaccinate and observe them at the veterinarian, then you can make a good additional profit.

For example, a Labrador puppy costs from 30 to 70 thousand rubles. Imagine if you could sell up to 6-7 animals every year.

But keep in mind that you need to invest first. Vitamins, toys and care for purebred pets are not a cheap pleasure. But then it will bring you income.

Private lessons, educational home courses

Teachers have a chance to earn money by conducting additional classes with students outside of school hours. It is not necessary to engage in tutoring only in your core subject; you can start teaching other courses. If you have good experience working with children, clients will come. There are especially many of them before taking exams.

There is always a demand for writing tests, term papers and dissertations. Here you can earn money on your core subject.

Reselling and dropshipping

Dropshipping is making a profit by selling someone else's goods at your own markup. The bottom line: create a website with the ability to order goods. The client chooses what he needs. You order these goods from the supplier and provide the buyer's delivery address. The supplier accepts the order and sends it to the customer.

Reselling – resale of information products. You don't have to understand the topics of books or training courses, and you don't have to create them yourself. The downside is buying rights and a license for resale, but this can easily pay for itself with the markup you set.

Handicrafts and clothing

If you have sewing skills, you can make money by producing clothes. Custom-made hats, scarves, socks, sweaters, dresses and trousers are a way out of a crisis situation. You can repair things.

Another option is to find a clothing supplier and open your own online store. Surely it will be very popular during a crisis if the price tag turns out to be an order of magnitude lower than in supermarkets.

Handmade jewelry and embroidered paintings are another way to earn money. Provide yourself with advertising and engage in your favorite hobby, earning income from it.

Investment

Competently form your investment portfolio and invest in reliable financial instruments. One of the main rules: when securities fall in price, you need to buy them, when they rise, you need to sell them. For example, Sberbank shares during the 2008 crisis cost around 14 rubles. After 10 years, their price has increased more than 10 times. Today they are valued at more than 200 rubles.

Garage business

In the garage you can not only repair cars and household appliances, as we discussed above, but also, for example, make money by smoking fish and selling it. You can negotiate with stores and catering establishments and sell the product in large quantities.

Take up carpentry or pottery. Having the skills and tools, you can offer clients services for cutting glass, producing garden sculptures or paving slabs.

Pharmacy business, medicines

People always need medicine, regardless of the economic situation in the country. If you have the opportunity to invest at the first stage, then open a pharmacy, hire employees, purchase equipment and try to earn your first money. The business will pay off in 2–3 years. With a good location and other related conditions, you can return your investment within a year.

Caring for the elderly

Crisis or not, people are aging, and some of them need daily care. Offer your help. This could be medical care, leisure activities or assistance in everyday life.

Internet and network marketing

As an additional or main income, you can try yourself as a distributor. During a crisis, work in the field of network marketing does not stop, but, on the contrary, increases its volume. No work experience or special skills are required here; you have the opportunity to work on a flexible schedule and receive personal discounts on goods.

Sale sites

During an economic downturn in a country, people's first desire is to save money. Discounts during a crisis become more relevant than ever. Creating a sales website will allow you to reach a large audience and earn money from advertising.

Financial advisory

During a crisis, the ability to properly manage money is in great demand. If you understand the world of finance, you can offer your consulting services and make good money from it. No investment is required: you will sell your knowledge. Clients can be found both among companies and individuals.

Design

People who have a creative streak can make money in this direction. You can work remotely and at a convenient time. The field of design is quite vast. This could be the development of business cards, posters, calendars, the design of websites, premises or the creation of a landscape.

Food

Do you want to know what business is relevant in 2020 during the crisis? Food is the eternal need of every person. You always want to eat, so people buy food every day, despite their high cost. You can save on clothes or entertainment, but you can’t do without food. If you are looking for profitable small business ideas with minimal investment in a small town, pay special attention to this market segment.

There are different ways to provide food to consumers:

• If you have your own plot of land, try growing vegetables for sale. Such goods are in great demand all year round, so there are usually no difficulties with the sale of finished products;
• Another way to easily make money during a crisis is homemade baking. These can be cakes, pastries, buns and other confectionery products;
• If you are looking for more innovative ways to make money during a crisis, rent a small stall, negotiate with food suppliers and engage in retail trade. The only problem is the sanitary service, which places too high demands on traders. But this issue can be resolved if all the necessary permits are issued.

What kind of business can you open in a crisis?

Money does not disappear from the economy. Due to the crisis, they are being redistributed from one industry to another. What business should you open today so as not to be left without customers tomorrow? Below are 5 suitable ideas.

But first, think about the next question⏬. Remember - only something that brings you pleasure can bring you big money.

Online store

In 2020, many will open a business selling in-demand goods online. For example, clothes and shoes, dishes, equipment, books. Investments – 60-200 thousand rubles. depending on the trading strategy (dropshipping or resale of items from foreign sites).

IMPORTANT. Competition among online stores is high. If you want to make money quickly, try to find a free niche.

SEO studio or SMM studio

Since business is rapidly moving to the Internet, the demand for its promotion is growing. SEO specialists improve the positions of online stores in search engines, and SMM managers attract customers using social networks. Gather a team of professionals, invest in advertising and receive money from Internet entrepreneurs.

ATTENTION. If you are a professional in promotion, then you don’t have to open a studio for now, but simply delegate some of the orders to freelancers from exchanges. And if you’re a beginner, you can start a blog on social networks, publish useful information and offer services. The article on making money on Instagram contains information on this topic. It is this social network, in my opinion, that is best suited to express yourself.

Pharmacy

Due to the coronavirus pandemic, many people have increased interest in health issues. This is a good time to open a pharmacy and make money selling medicines.

The minimum investment in the business will be 1.5 million rubles. Payback period – from 6 months.

ATTENTION. Another way to make money in the health niche is to invest in the development of an online diagnostic and medical consultation service.

Goods delivery

During a crisis, you can hire several courier drivers and organize a company that acts as an intermediary between stores and customers. Not all retail outlets today have their own courier service, and they are losing customers.

Commission shop

A consignment store is a retail outlet that accepts used items for sale. As the name suggests, the owner can earn from sales commissions.

During a crisis, the flow of customers to such stores increases. People are looking for any way to save money.

Pharmacy business

If you have decent capital and cannot decide what to do during a crisis to earn money, open your own pharmacy. Such a business will bring good profits. Saving on your own health is too dangerous, so people bought and will continue to buy medicines. This means that the pharmacy business thrives in any economic conditions.

Rent a room in a walk-through location, hire qualified personnel, purchase all the necessary equipment and get to work. Since this is a fairly expensive business, it pays off in 2–3 years. If you choose a good location, the entire initial investment can be returned in just one year. Trading medicines is the most reliable way to make money during a crisis. Video on the topic

How to get rich in these conditions

• no need to panic along with everyone else, more calm. The size of it all is made even larger, everything is too ostentatious. You need to read books about those people who have achieved success by building their own business from nothing. And you need to apply what they recommend and look for methods of earning money.
• We should not forget about the availability of education and work experience. Even if the company where the work was carried out failed, do not think that it is now impossible to find a job. After all, it may be that people with the same qualifications are more useful in some other areas that are more stable and efficient. In general, this may be the time to start working for yourself and not depend on anyone.
• You must also consider all your own capabilities. You can also make money from your hobby. Maybe there is some special talent? It's time for the world to know about it!

Internet

How to find a job during a crisis and how to earn a living - many citizens of our country who find themselves in difficult financial situations are looking for answers to these questions. Recently, making money on the Internet has become very popular.

There are many ways to make money during a crisis online without large financial investments:

1. Article writing or copywriting. This option is suitable for people who know how to correctly rewrite texts in their own words. You can find work on specialized exchanges on the Internet;
2. Advertising. If you have your own website or blog, you can make a good profit from it through advertising. Register on resources that provide the opportunity to make money on advertising, receive codes for text links and banners, install them on your website and receive money for each click on an advertisement. If your resource is visited by several thousand users per day, you can earn good money from advertising;
3. Earning money on social networks. This is one of the new ideas for small business from scratch in 2021. In order to do this, you don’t need any special knowledge. All you need to do is go to different sites, complete simple tasks, answer questions or join groups;
4. Photos. If you can’t imagine your life without a camera and don’t know how to make money from scratch during the 2020 crisis, try selling your work on photo stocks. There are many sites on the Internet that allow you to make good money by selling unique photographs. Some resources pay the author money for each image download, that is, you sell your work not once, but several times and get money for it. This is a simple and quite profitable job that will allow you to significantly improve your financial situation.

Promising directions in 2020

There is no definitive list of areas in which a business will be profitable. But there are trends that will form and guide the market in the background in the next five years. Among them:

• Digitalization. People want to receive goods and services online - partially, completely or to the extent that this is generally possible in a given business;
• Manufacturability. New technologies make life more convenient, so businesses that rely on the latest developments are at the top among young and active clients;
• Affordable price. During a crisis, companies that can reach more customers stay afloat. Low price is the key factor here;
• Health and environmental friendliness. Conscious citizens care more about themselves and the environment. Therefore, products and services marked eco-friendly will sell better.
• Attention to the client. Now the winner will be the business that notices the interests of the buyer and can offer something individual.

Based on these trends, we can talk about areas where there are chances to start a profitable business. There are six such areas on our list. Let's look at each of them:

Food

The profitability of such a business is immediately visible: people need high-quality and varied food, but do not have enough time to shop and cook. Therefore, you can implement the following business ideas:

• Food delivery. Basically, this service is offered by large grocery chains, but independent companies are also emerging. If you order products for a large amount, delivery will be free. If it is less, the client will be charged a fee;
• Delivery of ready meals. This includes the usual pizzerias and sushi delivery, but also new generation services that deliver food for several evenings at once along with recipes.

It is also profitable to open ordinary coffee shops, cafes and fast foods. But there is a demand for take-out food, so it is better to provide such a service along with table service (for example, lunch or lunch to go).

Medicine

Spending on health is always a priority, but the coronavirus has added serious urgency to the medical business. It is already noticeable: people are willing to spend money not only on treatment, but also on early detection of diseases. We can expect this trend to strengthen in the coming years. How can you make money on it?

• Open a medical center;
• Launch a diagnostic laboratory.

It is difficult for a beginner to start such a business: you need experience in the medical field and a lot of capital at the start. But it is quite possible to respond to franchising offers.

Business loan Factoring from Vesta - from 10%

Apply now

Pharmacy

In the future, serious income will be generated by health-related businesses. This can also include pharmacy - medicines, dietary supplements, vitamins. For small and medium-sized businesses it is important to sell the following products:

• In pharmacies;
• In sports nutrition stores;
• Online.

Even if you open a physical store, be sure to create an online catalogue: people need to know the range and quickly navigate it. It is better if the goods can be ordered for delivery within the city. Don't forget about loyalty programs, promotions and discounts.

Education

Education today is an asset that will never depreciate. But the catch is that one university degree is not enough: a true professional needs to complete his studies and retrain throughout his life. They make a business out of people's desire to educate themselves:

• Multidisciplinary online schools are opening;
• They are recruiting online courses in certain areas (currently foreign languages, IT, marketing, copywriting, etc. are popular);
• They conduct trainings, workshops and master classes (usually these formats are intended for professionals).

Of course, a number of specialties cannot be transferred online. But even face-to-face courses today provide access to e-books and class notes. There is a demand for digitalization in education.

B2B, or business to business

The idea is to create an outsourcing company that will provide services to other companies for a fee. Specialization can be any:

• accounting,
• legal consulting,
• search and selection of personnel,
• external support service
• Web design.

In Russia, the market for outsourcing services is just emerging, so you will have few competitors. The crisis is also playing into its hands: companies are now massively cutting staff, so they will look for specialists altogether. As you know, during a crisis period it is profitable to outsource typical tasks.

Entertainment

Leisure also goes online. Of course, certain areas of fitness and sports, many games and entertainment require physical presence (a team, professional participants, props or large spaces are needed). But some things can actually be sold remotely, for example:

• Start a blog on YouTube or interact with your audience through streaming services like Twitch;
• Record video lessons on fitness or sports, promoting yourself on social networks;
• Create platforms for communication - dating sites, apps, online support groups.

But a live presence remains in demand. Today people have fun with quizzes, pub quizzes, quests and themed parties.

The most profitable thing is the Internet

This area will be least affected by the crisis and, at the moment, almost untouched by price increases. On the Internet, as it was, there are still many unoccupied niches where there is enough space for many. For example, my income from my online business (let’s call it that) exceeds 90% of my total income.

Why is that? Because:

1. Businesses always need advertising, and on the Internet it is one of the most inexpensive and effective;
2. People spend more and more time on the Internet in search of the necessary information and the need for quality websites is growing;
3. In Russia, not every company has its own website, and many of those that do have a poor website. From this it follows that the field of web development, advertising, promotion, etc. will continue to grow for a long time;
4. People began to play and have fun more. Entertainment and gaming sites are gaining popularity every day. And I’m generally silent about online games!
5. Search engines began to change for the better and began to cut off low-quality sites. But they should be replaced by quality ones. Hint understood?
6. For all of the above, freelancers are needed because they are a fast, convenient and budget-friendly employee. Freelancers have more than enough work on the Internet.
7. What can I say, 10-15 years ago we had beeper phones, but now the iPhone can solve almost any work problem. We are still children on the Internet and we still have to grow and grow. Here the work field is not plowed.

And I would like to dwell on this in more detail.

Ideas for making money during a crisis on the Internet

Your own website

I have always earned, am earning and will continue to earn from this. There are not many high-quality content sites. Search the search engines and you will often come across sites where there is no specific information on your question. Because everything websites do is for traffic and making money from advertising. Make a website for people so they can get detailed answers to their questions and you will get traffic, money and much more. I will write a whole article on this topic, although I have already written it more than once. For example, HERE is a whole series (see the section “Make money on your website”).

Answers to questions and consultations

On your website you can create a section with questions and answers. I have a “Questions and Answers” ​​section on my website, where you can ask questions about earnings and business and you will be given answers from specialists or from me (if I am competent in your question), and then there will be additions from other readers. If the question is serious and requires a long explanation, then you can provide paid consultations. I also provided them, but then there were too many of them that I had to give them up. The main thing is to help people solve their problems and they will come to you.

Useful services

Nowadays you need to automate everything and if you can do this, then you will earn good money. Even Tinkov said that those who can save other people’s time will become millionaires. Or something like that, I don’t remember verbatim.

Freelancing

On freelance exchanges you can earn decent money. If you have knowledge in design, coding, advertising, working with images and videos, etc., then you will quickly find customers. What can we say, if there are a lot of orders on the Internet for filling a website, for publishing advertisements on online bulletin boards, for solving homework for schoolchildren and students, etc. You can make good money even on such small assignments. I mentioned one of these freelance exchanges in an article on how to make money. In the same article you can find other ideas for making money. I will focus on freelancing later in other articles.

Signs of an economic crisis

A crisis situation is understood as a decline in the state’s financial indicators and a rapid deterioration in the purchasing power of the population. The financial situation in the country or the world is worsening, an outflow of funds begins (companies pay dividends or transfer funds to foreign accounts). As a result, some companies go bankrupt and the unemployment rate rises. In addition to these processes, during a crisis the following is observed:

• buyback (firms buy back their shares from the markets to keep the price of securities at a high level);
• decrease in production volumes (organizations go bankrupt or downsize);
• changes in the yield curve (equalization in the prices of long-term and short-term securities, as rates on long-term bonds rise);
• depreciation of the national currency due to the collapse of quotes;
• flow of capital from “risks” to “safe havens” (in Russia this means selling ruble assets and converting them into euros or dollars).

Signs of a crisis also include a change for the worse in the properties of economic entities (government institutions, banking structures, exchanges, markets). They suspend their work (fire employees) or change its format (transfer staff to remote work or reduce staff). There are benefits to be gained from such a situation. At this point, experts advise investing in risky assets that begin to depreciate.

The economy is influenced by many factors