HIDDEN WEALTH IN THE GIG ECONOMY IN COVID-19 SEASON

The gig economy is in a great place of opportunity for both platforms and independent contractors.

I want to be the first of those within the gig world to declare that we all are on the brink of the greatest transference of wealth like never before! Unfortunately many giggers, independent contractors, freelancers, and those self-employed will fail to take advantage of all the assistance, loans, grants, and opportunities made available by our current administration.

I have been warring internally as a gigger and entrepreneur, I’ve continued to work within the gig economy focusing primarily on deliveries for Ubereats, DoorDash, and Roadie with far and few rideshare opportunities. I found myself doubling down in this “Covid-19” economy and though it’s been sort of a sharp shift I am earning maybe just 20% less working the same amount of hours in not less as well, but nowhere near as hard. I’ve taken this opportunity to learn different strategies, studying the market, seeing how deliveries are thriving, and how patrons in this downtime are still spending lots of money. Our cities are ghost towns but the virtual online world is booming with business!

As a gig strategist this time of work is providing me with great data and an inside look into the human condition through my work in the gig economy. My finds are amazing and I will later in the future share those findings with you.

But back to my internal war, on one end I struggled with should I allow myself to be susceptible to this climate of uncertainty, I definitely don’t have personal health insurance and the last thing I need to be is sick. As a freelancer, self-employed, gigger, etc. we aren’t allowed sick days, hell we barely take off any days from work, so am I being negligent? On the other hand I have a strong work ethic, and fear comfortability, I seen the possibility of serving within this time and what it may bring about in the future, and that future in my opinion is bright!

As I scroll through online posts and videos I see so many bragging about the “free money” they’re opting in to receive. People are actually excited about the $1200.00 stimulus check and the unemployment insurance. I do believe many people need both of these and should take total advantage of this provision, but as for us giggers, self-employed, entrepreneurs, etc. I dare to second this amenity. I am the owner of numerous businesses as well as work various other gigs that are app based, the last thing I want or need to do is collect unemployment. The unemployment wage is peanuts compared to the SBA grant which is provided on http://www.sba.gov under the disaster relief tab. They are offering a forgivable upfront $10,000.00 grant advance that doesn’t need to be paid for regardless if your loan is approved or not! Now I am not a mathematician, but I easily crunched the numbers in my head and clearly seen the win factor in selecting this over unemployment.

Yes, this is a bold assumption and I totally understand the uncertainty in this current state of affairs, but what do you have to lose that you already haven’t. Most Americans cannot afford to go a week without a paycheck being we live paycheck to paycheck in addition less than that have $1000 or even $300 in a savings account, but if you’ve noticed people are not in the streets starving, there isn’t any rioting, and I’ve not heard of anyone being evicted. We all are managing somehow which is actually quite odd considering the majority of Americans are not working or earnings are significantly lower.

I believe it is because of the guaranteed provisions in place to protect most Americans. Now I’ve heard of some municipalities violating federal and state orders to not shut off utilities, etc. but those stories are far and few. Right now cellphone companies have deferred payment of bills out anywhere from 60 – 90 days, all you have to do is call and ask. Utility companies are ordered to not disconnect essentials such as water, gas, and electric. Cable companies are deferring payments as well. Landlords of both commercial and residential properties are ordered to not pursue any evictions for if I’m not mistaken 60 – 90 days; in addition there are provisions for them for earnings lost due to not meeting their business costs too. So in short the buck has been passed and the majority of cash flow is on pause. With the being said what an awesome opportunity to invest in yourself, your business, your future to ensure you’re never in a situation whereas you do not have access to capital. I believe that time is now upon us and with all the available grants, loans (at low interest), deferment of student loans, and debt. forgiveness please take advantage of this! Also right now online courses, business kits, and resources are extremely cheap. Online sellers are itching to move product and selling things at awesome bargain prices, prices that I don’t think we’ll see again for a long time. You can actually purchase your blog website through WordPress for $1. I myself have invested in 4 kits/business courses to help me in this downtime to reshape, restructure my businesses and mindset. Some of the riches things of value come in the form of information and tools, especially as a business owner!

So giggers, freelancers, entrepreneurs, contractors, self-employed etc. seize this moment of hidden wealth, double down on the opportunity of “club quarantine” and maximize your earnings by acquiring knowledge and investing in your business(es). We literally have a break from most bills and have the opportunity to still make money. Don’t allow the immediate gratification of sitting at home to just collect an unemployment check fool you to thinking you’re fulfilled and getting over. I assure you if you do so you’ll later regret your actions. Take advantage of the unemployment if you must, but remember it’s for those that need it not those seeking to abuse the systems or get a break from work. For us blessed with able bodies and employment keep doing so until the well dries up, unemployment is available until the end of 2020 so you have plenty of time to determine if its actually needed.

For my coaching, consultations, or any of my other services please visit my website at http://www.ceodriveher.shop and I’d love to help you in learning how to fund your dreams.

THE PRETENDERS… STORY OF A WANNABE BOSS IN A NEW DECADE

From ecommerce, to gig economy, to YouTube, and Instagram fame money is at our fingertips like never before with most not needing to contribute anything of much value. We’ve lived in a decade of fame and riches advertised to be easily obtained with little effort and I believe this notion is causing many to self-destruct in their desires of obtaining financial freedom and peer recognition for success.

I’ve always been in business for myself since a teenager on some level. Whether selling cigarettes on campus, babysitting, to life-coaching and resume building I always looked to earn income on the side and grow a business of some sorts, from my early teenage years throughout my adulthood. I loosely say I’ve been an entrepreneur my entire life because a large portion of me being in business for myself I’ve always had the protection of a traditional job looming in the background, hence clouding my true responsibility of managing and scaling my side businesses. It wasn’t until I went full-time entrepreneur and embracing the gig economy that I gain true perspective of business ownership.

In my observation of business owners, which began with myself I quickly seen I had been a fake, playing the role of a boss, a business woman, when in fact I knew nothing of running a business, especially one to be self-sustaining. Now, almost three years of gig hopping, freelancing, and entrepreneurship has taught me more than than any business school or mentorship program in my opinion. It has truly been trial and error for me, constant investing in thousands of hours of university YouTube, reading numerous books, partaking in online classes, and working alongside those that did not run their businesses right, but learning from their wrongs! I am still learning how to articulate all that I have learned, but one thing is certain my keen ability to see those that are lack luster and not true to their business dealings.

The Pretenders. These individuals are not easy to identify from the surface, but to true business owners you’ll identify them in minutes; in just by asking a few questions they easily reveal themselves without their own knowing. Us business owners tend to be smooth talkers, a-whole-lot of talk and very little actions. We are the kings and queens of procrastination, we live in the clouds and rarely come down to the valley of reality. We have a good game plan, but never execute them, we have all the answers for others, but when we have the answers for ourselves we fail to adhere to them. The Pretenders, can be the worse types, they like the idea of success and often they have everything they need to be successful, but lack implementing the hard work and self-investments required to acquire success.

How to quickly identify “The Pretenders”

  1. All talk no fruit of their labor.
  2. Lacks consistency in their endeavors.
  3. Quickly switching earning options.
  4. Fail to invest in higher education i.e. online courses, workshops, etc.
  5. Have the ability to make money, but half-ass complete opportunities.
  6. Lacks advertising their services through various media outlets.
  7. Slow to move on changes required of them to level-up.
  8. They tend to piggyback or rather lurk in the background of others success somewhat posing it off as their own.
  9. Looks to obtaining clients through mere existence and no true connective approach.
  10. Actually lazy! The lazy part seems hard to identify because they come off highly motivated and active, but in fact they’re just good at moving around looking busy.

Pretenders look for help and even welcome it, but once instructions are given they’re slow to move upon suggestions and actions. Pretenders are often highly skilled and gifted individuals, but the problem I believe is they lack from a variation of work ethics. Remember when I opened up in the beginning of the blog with the worker types from this past decade, a bunch of individuals with money at their fingertips with an high expectation of gaining income /clients with little effort. This seems to be the new playbook of ecommerce and business, due less make more, provide little effort and value but inflate costs and make it big! There’s only one major factor, many aren’t being profitable in their approach, and instead of becoming cognizant of the needed change they’ll double down on their methods continuing to earn less to little with this inflated fallacy of business success. Us as entrepreneurs are constant dreamers, creators, of grand ideas for making money, but that execution part and commitment to constant investing is faint.

I have a business that tagline is “Driving to Fund our Dreams”, those there at the CEO DriveHer understand that often we must invest our time diligently elsewhere to make our dreams a reality elsewhere. We’re committed to investing/funding our businesses through learning, earning, and planning; nothing is given all is earned! So I ask you, are you pretending, are you acting like a boss or are you a boss, do you understand that business ownership is not glamorous, nor easy, and when done for earning income you must actually have passion and skill to consistently scale your business for permanent growth. You sir or mam constantly throwing darts in the dark masked as a “boss” or “business owner” will be short lived if you continue to pretend while in your endeavors.

For more blogs and vlogs checkout my website at http://www.ceodriveher.shop where I provide media content on IG and YouTube, also be sure to checkout my services if you need help in the gig economy or business consulting for entry level business owners.

DELIVERIES IN THE GIG ECONOMY CAN BE A CASH COW & GRANT YOU HUMILITY SIMULTANEOUSLY

the wins….

The delivery aspect of the gig economy I believe is overlooked and underrated. Maybe because of our culture viewing the proverbial “delivery boy” as the low income high schooler side job, no real effort required or needed, just go from point A to point B, easy enough; right? Well I will show you in short how much monies are left on the table because of pride. In this era, in this day academia accomplishments and status still reigns, but at what costs? So many people are choosing jobs/careers/work for status and not essential living, not quality of life, not even money, but reverence from family and peers. Success is cloaked in an illusionary tale and the gig economy has aided in my ability to see what true success is.

I must be honest, I am writing this from both perspectives, I was that judgemental person that thought of these gigs as worthless having no ability to add to the development of an individual’s professional career. Now, do not be mistaken you must, you must, you must ultimately see how to use the gig economy to leverage and develop in your profession of choice; allow its intricate paths to be a guide towards your success. If your only fulfillment in the gig economy is money it will be short lived and not as profitable as you’d like for it to be.

It took me awhile to see the endless possibilities in the gig economy. Once I got over my bitterness, depression, and lack of worth due to my layoff of my job of 15 years, I was truly transitioning as a person in so many ways. It has been 2 years and 6 months roughly since my layoff and I am still learning aspects of myself as an entrepreneur, leader, employee, and individual. I have learned more in this period of my life than any other. I have compounded information, data, and experiences that I would’ve never obtained if not for the gig economy, and I am grateful for that. I thought as an officer dealing with the general public and criminals (usually in crisis) granted me a wealth of knowledge, and it did, but it was one-sided. In law-enforcement I had lost hope, compassion, and patience for people, for society, for government. The gig economy cultivated my ability to care again, to have some patience, and most of all to serve others.

You are probably asking “what the hell does this have to do with the gig economy being a “cash cow”” well I will tell you. I say it’s a cash cow when you see the benefits in it that helps develop you as an individual, you begin to see the fault lines of opportunity so you perfect your craft to be profitable. I have met and watch on YouTube many drivers that for some reason or another make decent/mediocre money doing gigs, but they are unfulfilled as individuals primarily because they lack from my observation, mastery of the gig economy and personal development. They are so fixated on being their own boss that it clouds their ability to be a servant to their craft. They appear to believe they’re owed something, when in fact their entitlement mentality keeps them in a loop of despair and unprofitable. Whether you like it or not, whether you agree of not the gig economy primarily is a gig that requires you to serve others. The good thing about this is the ability to generate more tips for the great service you grant to others. Tips generate $400 – $500 extra to my monthly earnings. My positive attitude, smiling, and common courtesy I attribute to this.

Another aspect of the “cash cow” ability is knowing how to sign up on as many platforms as possible and developing in each one as much as possible; that is in accordance to your market. This takes skills. You must know when it is best to work each. You develop a six sense on these platforms, effortlessly you’ll be able to earn.

I see myself as a professional! I don’t think less of myself or anyone else for that matter for earning a honorable wage, but as a professional we must be and maintain humility, serving in this capacity does exactly this for me. The earning aspect is high and easy when you simply consider the following:

  1. Serving. I assure you you will not like everyone and you will come in contact with some disgruntle individuals, but sometimes those were my best tippers. I have come to learned that most of the time it isn’t personal they are dealing with their own stuff and realize their actions.
  2. Skillset. This takes skills, trial and error, and discipline. The market changes constantly and you must be able to discern the contents tempos.
  3. Goal Setting. This should be done weekly and mini ones set daily. Shoot for numbers. Body counts are my favorite. I know on average every trip averages out for me $10 a ride; 20 rides/deliveries can equal $200.
  4. Time. You must commit the time daily on days of choice. Factor in at least on peak hours slot of the day and work it for at least 2-3 hours. Learn to meed demands at these times in accordance to your market.
  5. Multiple Platforms. You must serve on at least 3-5 delivery platforms in my opinion. Again the demands changes and you don’t want to box yourself in with just one platform.