FBC – 440 – These people are going to make mad money with COVID19

These people are going to make mad money with COVID19.

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There is a group of people who are going to make insane profits because of COVID19

While everybody is scrambling and fighting for scraps, the people who understand a certain principle will prosper.

How in the world would anybody make any money during this period?

Even more surprising, how are they going to make even more money for years to come while everything is going to hell.

Now the good news is that, if you understand this basic principle, you can get a seat at the table too

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Martin Ebongue

Online Entrepreneur & free spirit:

Proud Owner Of The 50K Emails A Day Done-For-You Software

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International Speaker | Podcaster | Free Spirit

Freedom Is A Choice: So choose wisely...

Welcome to the Freedom By Choice Podcast with your one and only hoste Martin. This podcast is reserved for freedom aficionados and entrepreneurs looking to create the lifestyle of their dreams.

In this podcast you will find all the support and answers you need to start, grow and scale a business that gives you the freedom you deserve.

I have compressed years of trials and errors, into easy to consume episodes, to take you from where you are now, to where you want to be.

The thing is when you work online, you are always solving a problem, there's always something that will break.

People just think that, you know what? It's easy. But there's stuff that will break. OK, so I don't know. Your hosting provider goes down, your website, none of your links are working, meaning that all your campaigns are screwed.

If you're using tracking software, the tracking software goes down. So basically none of your campaigns are working or I don't know, there is a disk problem like a hard drive problem in the data centre somewhere and your website goes down. Nothing is working on your Facebook account. It gets shut down for some reason.

So these are some of the things that you have to deal with, though even recently, I have one of my email servers and for whatever reason all my business emails were bouncing. So I had to talk to support. They've been investigating for the last five days or something. I can't use the server.

So anyway, what I want to say is you I mean, if you work online, trust me, you are fixing stuff, not every day, but yeah, there is there is something that will happen. And so I don't want to discourage anybody here. You'll see where I'm going with this.

OK, so success requires you to actually go through these crises and not panic and then develop a way of solving problems, like troubleshooting skills and also trying to do different things. So you need the troubleshooting skills, which is also the reactive mode. You need to be able to react if there is something and you need to you know, you learn over time.

The second thing that will it will teach you is not putting all your eggs in the same basket because, again, I've had situations where the whole thing is down, so there's nothing I can do. It's not my fault. But that means that my server is down. I'm screwed. Right.

So it teaches you that, well, you need some load balancing. So you need at least two of each, you know, just in case something breaks really bad. You need to have other options. The last thing you want to do is start looking at your options once everything is going to hell.

OK, so maybe at least you've already prepared some sort of disaster recovery plan and something happens, then you action the plan. Right.

One thing that I do is I back up everything. I told you that, right? Because I had problems in the past where I needed to restart my business and stuff. And thankfully, I backed up every day.

These people are going to make mad money with COVID19

So my point is this. So right now with everything that's happening with the coronavirus thingy. And this is why I was saying that I don't want to offend anybody. Is that a lot of people have kind of like lost everything they have and stuff because they haven't been exposed to these problems on a regular basis.

But what I'm saying is coronavirus is just another big problem that I have to solve in my business. It's not the only one. I have big problems all the time. And when something like this happens, then I'm actually already prepared. I'm not panicking and I've already prepared the groundwork.

So many things can go wrong. And if you work online, you just have to understand that, you know what? I need to have, you know, a little bit of YouTube, maybe a little bit of like Facebook, a little bit of this, a little bit of that, a lot of emails. For example, if your business is 100 percent Instagram and then they change something, you're screwed.

OK, you are screwed.

If you're adaptable, then your business is going to withstand the test of time and you're still going to be here in a few years when some other people will be gone.

Who actually gets rich when everyone else panics

You watch a crisis hit and assume everyone loses. A small group quietly makes the best money of their lives in exactly those months.

I have seen it in every downturn. While most people freeze and fight over scraps, a few ask a different question. What did this change permanently, and what do people suddenly need that they did not need last month. Then they build for that need before the crowd wakes up.

It is not luck and it is not being heartless. It is reading demand honestly. When the ground shifts, old habits break and new ones form, and whoever serves the new habit first owns the next few years.

My rule in any chaos is to stop doom scrolling and start listing. What broke, what got harder, what got expensive, and what could I solve. Opportunity hides inside the exact problem everyone is complaining about.

The pattern is well documented. McKinsey has shown how the biggest winners tend to pull ahead during downturns, not after them, and Harvard Business Review has covered how bold moves in a crisis outlast timid ones.

I talk through spotting these openings on the podcast and in my Diary of a Virtual CEO newsletter. Panic sells, but preparation pays.

Frequently Asked Questions

Which solopreneurs are positioned to make significant money in the next cycle?

Operators who combine three traits: a clear niche audience, an automated content engine, and a repeatable paid offer. They make money because they have removed manual work from awareness, lead capture, and delivery. When the cycle turns up, they scale revenue without scaling hours. When it turns down, they cut ads and stay profitable.

What single asset most predicts solopreneur income growth?

An owned email list of engaged subscribers. Social platforms change algorithms quarterly. Email gives direct access to people who already raised their hand. A solopreneur with 5,000 engaged subscribers and one clear offer typically out-earns one with 100,000 social followers and no list.

How long does it take to build a real income stream?

Plan for 12 to 24 months from zero to consistent monthly revenue that pays the bills. Solopreneurs who expect 90 days quit before the system has time to compound. The honest timeline is two years of steady output before most stable income streams emerge. Adjust expectations and the journey becomes easier.

What separates the top earning solopreneurs from average ones?

Top earners specialize. They serve one type of customer with one core offer for years, then expand. Average earners serve everyone and change focus every quarter. Specialization compounds reputation, search rankings, and word of mouth in ways that generalist positioning never does.

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