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how to generate wealth
how to generate wealth

The Lessons COVID Has Taught Us About How to Make Money

In today’s post, we’ll be talking about how to make money and deal with uncertain circumstances ,and even shape them into situations that can help us generate wealth. Most recently, COVID comes to mind in terms of emergencies that have caused instability. However, we’ve come to recognize that these circumstances can happen at any time and on any scale. We should know how to make money regardless of the circumstances. 

how to generate wealth

But before we dive right in, let us introduce ourselves in case this is your first visit. Welcome to The Creative and Ambitious Entrepreneur Podcast. We’re your hosts, Jen and Elke Clarke. We are a mother and daughter team that started Zazzle e-commerce businesses over 10 years ago and have sold over 15 million dollars-worth and counting of products on Zazzle.

The Creative and Ambitious Entrepreneur Podcast is for you, the creative. We share actionable steps that you can take to make money in your e-commerce business. In each episode, we will take you one step closer to achieving freedom with your time, location, and finances.

We believe that a profitable e-commerce business is what opens the doors for you to start living your dream life if you work smarter, not harder, use the right tools and follow the proven roadmap. We’re here to give you the tools you need to make your dream life happen. Let’s get started!

And today we’re excited to offer you a new outlook on how to create a safety net for yourself financially. 

For all the details, listen to the ENTIRE episode of The Creative and Ambitious Entrepreneur Podcast on your preferred streaming platform.

Uncertainty of 9-to-5 Jobs and the Illusion of Security

The idea of a standard 9-to-5 job can be enticing because it’s generally perceived as secure. We think that we’ll have a steady income, never get fired and we don’t have to put down any money in order to gain profit. 

When COVID hit, many people lost that security in an instant. We were able to see firsthand that generating wealth through entrepreneurship was actually more stable and secure than working a standard corporate job.

Since we’d set ourselves up to function even in times of emergency, our income didn’t suffer. The benefit of entrepreneurship during these difficult times has been that you can create a flexible “foolproof” business to help you generate wealth, regardless of circumstances. 

Engage, LEARN, IMPLEMENT

How to Make Money Online: Location Freedom and Working from Any Space

Before the pandemic, working from home or anywhere in the world was convenient, but not necessary. However, now the reality of working in an office space or shared environment is much different. If we are unable to work from home, we’re washing our hands, wearing masks, eating privately in shared spaces, but still at risk to get sick or worse. Because our business was always operating online, we had the flexibility to stay safe while still generating income. 

COVID isn’t the only scenario that could affect your ability to maintain your job and take care of yourself and your family. Entrepreneurship gives you the opportunity to prepare for almost any situation so that you’re not in a compromised position if an emergency happens. With an online business, you have control over how you generate wealth.

Pivot Your Business to Reflect Current Times

COVID came out of nowhere, and one thing that we’ve learned from this experience is how to ensure that our business is flexible enough to adapt to whatever scenario is at hand. Various more traditional businesses had to halt production, change their distribution, and make many more adjustments in order to stay afloat.

Ensuring that you have an emergency fund to support you during times of change will give you time to pivot to any situation. Being an entrepreneur gives you the ability to implement strategic action steps so that you’re never stuck. Online businesses allow you to pivot quickly and easily so you can continue to generate income. 

how to generate wealth
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Exit Strategy

Preparing an “exit strategy” means preparing a plan to leave your online business or have it working for you where you’re not physically working for it all the time. Because of the platform we use, Zazzle, we’re able to generate income even though we’re not necessarily at the computer all day long physically. You want your business to work for you, not the other way around. 

Sometimes it’s easy to forget this element of your business plan, especially if you’ve just created your business. However, leaving your business should always be kept in mind with each step. 

How to Make Money by Having Multiple Sources of Cash Flow

If your business only has one form of income, it’s more vulnerable to changes in circumstances that might happen in the future. However, if you use some of your earnings to create multiple sources of income, you’ll have an added layer of security if an emergency happens. 

Do some research and use some of your earnings to invest so that your money is making you more money. COVID taught us that you can’t just rely on one form of income. When you’re doing research, ask yourself “What form of income is problem proof?” The online space ensures security and a long-term solution to generating wealth.

The Lessons COVID Has Taught Us About How to Generate Wealth: The Bottomline

Sell on Zazzle

We want to help provide you with more ideas about how to create a safety net for yourself financially, regardless of the circumstances.

Check out our new coaching program The Profit by Design Academy™️ Coaching Program. THE must-have training and coaching program for you if you want to reach your first $5K month of earnings and beyond on Zazzle.

To hear the full details on how to build steady income streams during times of uncertainty, tune into episode 59 of The Creative and Ambitious Entrepreneur Podcast: The Lessons COVID Has Taught Us About How to Generate Wealth

Thank you so much for listening to The Creative and Ambitious Entrepreneur Podcast! 

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See you back here next week!

About your hosts

Jen and Elke Clarke are a mother-daughter duo that empowers women entrepreneurs to make money online. Through courses and coaching, Jen and Elke help women (and men) become successful creative entrepreneurs on Zazzle and e-commerce. Combined Jen and Elke have sold over 15 million dollars-worth of products, and earned over $1.5 million combined through their businesses on Zazzle. Jen and Elke have influenced and transformed the lives of hundreds of thousands of people worldwide with their free content, paid and private coaching.

They are international, award-winning authors. Click the links to purchase their books through Amazon: Earn Around The World and Create Online and Grow Rich.

Jen and Elke Clarke have been featured in Yahoo Finance as TOP 5 e-commerce coaches.

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