If your business has failed, you may want to punch me in the face after reading this next paragraph. I’m very sorry you had that experience. However, this could be a chance to launch a newer innovative business responding to the needs of the current crisis.
In fact, no company should ever be started unless there is a genuine need. But a real crisis has so many opportunities for new businesses it’s like hitting the lottery.
You may know that recently Amazon cut affiliates commissions hurting a lot of people. I’m sure some affiliates threw up their hands and surrendered (we’re French don’t shoot). But, some dug in and said, “What can I do differently to stand out more? In every disadvantage, there is an equal and opposite advantage to be exploited.
During the German Panzer blitz of World War 2, Many people felt resisting the Germans was pointless as their tank formations would punch through any Allied force. The Germans had all their forces in the front, and the sides and rear of their tank formation were weak. And, that is how the Allies stood up to, and eventually beat them. But it took the kind of thinking that said how can I turn this situation around, how can I benefit from it.
There are so many opportunities in this field and I run across new affiliate networks to monetize my websites daily, so experiment with sales platforms and products because you will never run out of new ways to make money.
You can start several websites on different topics to find a clear winner, then double down on that site and build it up. In fact, this is the strategy I use, it’s simple and repeatable.