How To Make Money When Laid Off? : A Guide For The Unemployed

This Guide will learn you how to make money when laid off. Don’t wait  to be laid off by companies at  50 years old and then repeat the same scenario of seeking job, employing and finally laying you off. Break this cycle and go straight to make money today.

Ask yourself these questions and be honest with yourself.

 How many times will this cycle be repeated during my life? Did your life duration handle repeating the same scenario ?Did you think that your life will get any better by adopting the same mentality? Read what Albert Einstein said:

 “We cannot solve our problems with the same thinking we used when we created them.”

 Let’s start and save your time…

What Is Unemployment?

 

Unemployment is when people are not engaged in any employment activities. In other words, it is the state of being unemployed.

Sometimes, unemployment refers to a situation where a person needs and wants a job but doesn’t have one (Job seeker), either because there are no jobs available or because they can’t find work.

Sometimes unemployment used to refer to people who previously had one job and then lost that job for some reason (laid off). Technically speaking, this means that they’re unemployed.

 

 

What are the Different Types of Unemployment?

 

Unemployment is a major issue in the world today. There are many different types of unemployment.

There are four types of unemployment: frictional, structural, cyclical, and seasonal.

 

  1. Frictional unemployment is when people are between jobs or looking for a job that matches their skillset.

  2. Structural unemployment is when there are no jobs available in the region or industry that someone lives in.

  3. Cyclical unemployment occurs when there’s an economic downturn and people who were previously employed lose their jobs.

  4. Seasonal unemployment happens when certain industries only have work for a few months out of the year and then there’s no work for the rest of it.

     
  • What is a Layoffs?

 Layoffs are the process of reducing the number of employees in a company, and this is because the company is downsizing or has been experiencing financial difficulties.

 Laid-off workers may be out of work for a few weeks, months, or even years.

 The laying off workers belong to cyclical unemployment categories and they become job seekers again! while the job seeker mainly belong to the frictional unemployment.

 

When the workers are laid off, then they start to be job seekers and both are unemployed. Every laid off workers is job seekers and not every job seeker was laid off.

 

Famous Examples of Mass Laid Off

These instances are just past laid off even that hold some truth about the lays off workers’ policy of companies.

1- Global financial crisis for instance in 2008-2009, 20 million Chinese migrant workers lost their jobs….

2- Spread diseases inside specific country leading to cut back cost/budget of companies,  in 2003,   SARS outbreak causes more than 8 million people lost their jobs in china , according to official Chinese data.

3- Resulting of  pandemic outbreak outside of affected country. for example, garment factories in Cambodia  will laid off workers in March 2020 due to a shortage of raw materials from China which is affected by Coronavirus.

 

How To Avoid/Overcome The Unemployment?

We are living in a time where we have more and more jobs being gone by lockdown and war. There is no doubt that this will continue to happen in different area of the World.

It is not the end of the world for those who are unemployed, as there are many ways to make a living today. The question is: what should we do about it?

 

1- Build Online Skills

 

In this section we will be discussing the importance of building online skills in order to prepare for unemployment.

The first step in preparing for unemployment is to start building your online skills. This can be done by taking courses and learning how to code, or by creating a blog or a website showcasing your work. It is important to note that these are not the only ways to build online skills, but they are some of the more common ways.

Once you have built up your online skills, it is time to start thinking about how you will spend your time when you do become unemployed. Many people don’t realize that they have to plan for it.

You can be sure that you’ve everything that you need to run the business and generate income. In addition, you should make sure that you have enough money saved up so that you can survive without having to go back into the workforce right away.

 

2- Join Remote Entrepreneurial Community

 

It’s one thing to work a full-time / Part Time job, or even do contract work on the side. It’s another thing to Try to find the time and money to start your own business while maintaining those other responsibilities.

It’s not easy, but with a remote entrepreneurial community, you’ll be able to take advantage of a supportive community that can help you find time, money, and skills necessary to pursue your entrepreneurial dreams without giving up any of your other responsibilities.

You’ll get advice and support from people who are already in the same predicament as you are. All you have to do is involve in the right online entrepreneurial community.

 

3- Don’t Ask “How to Find a Job After Being Laid Off?” Again!

Are you still asking for job after being laid off? if you still looking then this section was written for you. I CANNOT prevent you to ask without explanation.

 

The question on how to find a job is an unsolvable problem because there are as many jobs in the economy as there are unemployed. Here I’m going to add the insights on unemployment in America.

 

How To Make Money When Laid Off

You can see that it is hard to find job and the proof is on the above chart. Still some % of unemployed for some reasons.

The Lockdown during 2020 due to Covid 19 cause the highest rate of unemployment, however during 2021, the unemployment rate start to decrease gradually. Until May 2020, the unemployment rate reach 3.6.

Searching for job is sign that you still running in the same cycle over and over again for the next 5 or 10 years. You’ll be

 Let’s know the reasons into the next section,

 

  • Why It So Hard Get Job After Being Laid Off (Unemployed)?

A lot of factors are involved in the time it takes to find a job (Offline) after being laid off.

The first thing to consider is How Long Does It Take to Find a Job After a Layoff?. If you have been unemployed for a long time, it will be more challenging to find a job as employers usually prefer candidates with recent experience.

The second factor is your industry and geography. If you are in an industry that has been hit hard by the recession, or if you live in an area where there are not many opportunities, then it will be more difficult to find a new job.

The third factor is your skillset and qualifications. Employers want employees who have skills that match their needs, so if your skills do not match the needs of the employer then they may not be willing to hire you even

 

More specific factors to never get a job,

 It’s even harder to find a job because the job market becomes more and more competitive and due to worker’s age too. It can be difficult for someone who is 50 or older to find a job because employers are reluctant to hire them.

If you are a 50-year-old and you were laid off, it is not the end of the world. You can still find a job that is suitable for you. but there are still some ways to find a job after being laid off at 50’s. There are many ways and means to get back on your feet, and the best way is being self-employed.

 

However, the question “How to Find a Job After Being Laid Off?” becomes more solvable if you take the help from the remote entrepreneurial community and invest some time learning about how to create your own side hustle before or even after you’re unemployed.

 

Now, you know the answer and never ask this question again as it’ll drain your energy.

 

4- How To Make Money When You’re Laid Off – Take an Advantage Over Offline Retails.

A lot of retail stores are going out of business, and this trend is not spontaneous. Affiliates, experts and other online sources are quickly replacing the traditional offline methods of generating business. Most people do their shopping online which is a lot safer and quicker than offline. This is your chance to make a difference.

In this age of digital commerce and lockdown, there is no surprise that more and more retail stores are closing their doors. The Internet has become one of the most frequented places to buy and sell products. The majority of people now prefer to put all their spending online, instead of stores.

With new businesses popping up every day, it’s reassuring to know you’re never more than a few clicks away from a profitable venture. Online marketing – specifically affiliate marketing & online authority – lets you make significant monthly income without any barriers to entry.

 

5- Start the Journey of Self-Employed the Right Way

 

Self-employers are the employees of their own business.

Self-employment is becoming popular in the world today. It has a lot of advantages, such as being able to work at the hours you want and being able to work from anywhere in the world.

 

If you want to start your own business, there are many ways and means that can help you get started with little or no investment at all! You are your own boss, and you can decide if you make a full time or part-time income.

 

It is time to leave the Traditional Economy behind and join the Digital Economy. It is really possible to replace their former incomes through this online World under one condition. This condition is setting the right mindset to do so.

 

  • How Many Americans Are Self Employed in 2022?

Many Americans work for themselves, with estimated average of 9,15 million self employed men and women in 2021.

The latest data from the Bureau of Labor Statistics in the US finds that there are 9.97 million self-employed people in America as of February 2022.

The figures released for this May 2022 show a 1.81 % rise in self-employed workers from the previous month (April), and a 5.8 % annual increase, up from the previous month’s rate.

Aspiring entrepreneurs are transitioning from being employees at others’ workplaces to being their own bosses in order to create and benefit more from their businesses because they want control over work and finances.

 Pros & Cons of Being Self-employed

Even though more and more people are becoming self-employed, there is still a stigma attached to it. People think that it’s only for the privileged few and that it’s not a viable option. 

Self-Employed Pro:

Being self-employed has many advantages, for instance:

  • being the boss of your own company,

  • having the freedom to create your own work schedule,

  • Scaling your business to earn big (This can overcome the related con.),

 

Self-Employed Con:

 

  • The lack of benefits or an employer’s pension plan or matching contributions to retirement programs.

 Now,

 

Given the latest panic, being laid-off is now a norm. As a matter of fact, many people are qualified to create their own business after being laid off.

It is never too late to start an online business by taking your work experience for granted and redefine what success means in your life.

Let’s stop thinking and start doing!

 

How To Make Money After Being Laid Off – An example

 Laid off while pregnant, Read this story to know more.

My #1 Method About How To Make Money When Unemployed

 

Wealthy Affiliate is a premier training center for online marketing. It provides many services that will help you in your internet marketing journey.

These services include the following:

 

  • A comprehensive, step-by-step training program

  • Access to the most recent tools and resources online marketers need to succeed

  • The ability to work at your own pace with no deadlines or time limits

  • A community of likeminded people who can provide support, motivation, and accountability when you need it most
  • A free trial so you can see what it’s all about before making any commitment

     

 

Final Verdict

 

It is important that you do not give up on yourself. You should make use of your skills and talents in the digital world, participate in online communities, learn how to make money online, generate passive income streams etc.

Once you manage to find the right niche for yourself, You will know How To Make Money being unemployment and the sky becomes the limit.

If you got any question or any comment to share, pleases, write it into comment area below, escpcially if you were laid off and seeking job or unemployed at all.

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20 thoughts on “How To Make Money When Laid Off? : A Guide For The Unemployed”

  1. Hello dear,

    Being laid off or made redundant from work, is always very hard to deal with. It not only leads to financial insecurity and worries, but also psychological concerns that maybe you were not good enough. With all the uncertainty in the world over the past few years, many people have had to face the reality of losing their jobs and income.

    So your own business online can help many people that have been laid off. Being self employed has many benefits.

    How long does it take to have income from the online business that you suggest?

    Thank you for sharing this resource. 

    Reply
    • Hi friend,

      It is. The laid off workers  are going to think they not enough (Worthless) and this is the worst thing can happen for human being.

      So what I can see is changing the career path is most challenging as the laid off people is going to get out of the comfort zone and the learning process never be linear.

      I would like to say that the changing is only thing happening in constant way. The change will occur later or now, and have to be in the direction of your behalf only.

      For me, I got my first sales after I wrote only 4 article without even paid ads, exactly after one 3 month as that time I did not reach the point to publish daily.

      You have to trust the process and keep working in your business to get your full income. I like to confirm that my recommended platform can provide the right strategy to do so and get out of death job cycle.

      Hope this help.

      Reply
  2. Yes, very interesting reading.

    I think that the online platform you recommend is good for me. I like to write and publish online.

    I’m going to have free account and will work from there.

    So Could you please help me how to promote that platform while I’m starter?

    Reply
    • Hi Brian,

      Any platform online and entrepreneur seeking to have content in first place. The content is the king and it is first goal you have to set and plan for.
      This writing will be the main online job where you provide help to others and then return come back for you. At this online business, no one can laid you off or take your income as it is all for YOU.

      Yes, I wrote This post about How To Promote Wealthy Affiliate For FREE. It have great ideas.

      Have nice day.

      Reply
  3. Wow-what a great post. I and some of my friends just were laid off and this article comes from Google, we felt we found treasure right now.

    We are currently living in times where we are feeling the repercussions of the pandemic with businesses all over the world trying to stay in the black.

    Unfortunately, so many folks have been laid off, so coming across this post is very welcoming on how to make money when laid off. It’s so reassuring to see things like this especially you having something to offer right off the bat.

    We have to act quickly to overcome our layoff.

    Oliver

    Reply
    • Hi oliver,

      Hope this post was useful to open the eyes on the online opportunities..
      For me, no way around! The Internet never go down and online business will run 365/7/24 without stop.. so your hard work will pay you back at the end.

      No more laid off letters and job seek.. Just focus on my online business that I love to do. My laptop connected to WIFI and doing what I’m professional to do.
      At the end, I have to remained myself before anyone else that layoff will never stop, today is your collage and tomorrow is YOU!

      Have Great Days Ahead.

      Reply
  4. I have been unemployed before although by choice it was very unusual for me as I was used to being employed. It was a very liberating experience to think of what could be if I was working for myself which now am doing. While it can be stressful to work for yourself until you are established I think it is worth it as you say. Wealthy affiliate is one of those platforms that teaches people extensively how to get started in earning money for themselves.

    Reply
    • Hi Angee,

      Great to know you have your own online business. The stress just at the beginning and then everything’s will goes smoothly after you know your niche..This hard job will pay you later and it is less painful than being laid off on 50s and your bills accumlated and have messy life!

      No brainer to see all of that nowadays.

      Reply
  5. Greetings,

    Thank you for this article. Considering that I am over 50 years old, this article gives me inspiration and hope to continue with my online business. It is true that a person must change his way of thinking if he wants positive changes in his life. Of course, everyone is in accordance with their capabilities, talents, and financial situation. A successful online business takes time, patience, and persistence, and I’m sure that over time it will bring passive income for life.
    I am sure that this article will help many people to open their eyes in the near future.

    Reply
    • Hi

      Good thinking that you already have started your online business while you’re 50 years.
      It is right that every one have to discover what the talents he got or know what he’s want to learn, so he have strong start with real driving force to achieve success.
      All I do here is deliver help to visitors.

      Happy to inspire you go ahead through your business.

      Reply
  6. This is a great article with well-detailed information on becoming self-employed especially when you are laid off. For me, I don’t think you have to wait until you are laid off to start a business. This is because someone who is fired from his or her job may be desperate and may not be in the right mental state to build a business. It is advisable to Find what you can do as a side hustle and build it while you are still working.  So that if anything happens in future you will have something to fall back on.

    Reply
    • I agree.

      Every success deserves the prior thinking, and our life deserve the better choices.

      Building online business can bounce our back at the worst times and the best times as well.

      Reply
  7. Hi Safia,

    It’s never too late to learn how to build an online business, even when we have 9-5 jobs. If we wait until we lose our jobs to find ways to make money online, it will bring much more stress to our minds. That’s why I find this article educational and inspiring. I love the concept of building online skills or joining an online entrepreneur community, which helps us go further for our online businesses. Does your recommendation, Wealthy Affiliate, offer training and an online community?

    Reply
    • Hi Matt,

      Joining an online entrepreneur community is one of secrets to success into Internet World. This is because it hold the success proof into successful stories. You find the driving force there and the real opportunities.

      Wealthy affiliate is all in one marketing affiliate program as the membership there includes the training and unique community (even live chat during all day). access level to training differs with the level of membership in Wealthy affiliate. for example, starter have access to live chat only for 7 days, and only level one of the core training, but premium get full access to chat and community and all core training with webinar. The full access to every thing can be occur only with premium plus membership.

      Wealthy affiliate is online platform that helps to build online skills and apply what you learn directly into your business that hosted via Wealthy Affiliate itself.

      Hope my answer is clear about your question.

      Reply
  8. Hey,

    I was made redundant in 1999, which is a long time ago. But, I wish I would have had this article at hand then. I had a very tough time after I was made redundant, and I am proud to say that I overcame it.

    Starting an online business is great for anyone who wants to make more money but also to help themselve to grow also.

    I am going to share this article with a few friends and colleagues to take up their own online business if they feel the need to.

    Keep up the great work.

    All the best,

    Tom

    Reply
    • Hi Tom,

      I wrote this article because I know there’re many people who looking for honest advices and coach to be safe for the rest of the life. Who think that online World can provide full-time income while offline World laid them off!

      Hope your friends find this article helpful as you found it.

      have Nice Day.

      Reply
  9. Thanks for sharing.
    It is really good enough that you have your own online business and our helping others do the same thing as well. As those who get laid off have no idea where to start next. So having a article like this is so helpful for those who need it.
    So I will be sharing this article with others as well.

    Reply
  10. Hi friend,

    What a great luck. I was laid off this week. We felt like we had discovered riches right now. It was a tremendously freeing experience to consider what may be if I worked for myself, which I now do. Because so many people have been laid off, seeing this information on how to generate money while laid off is really welcome. As a result, this article can assist many people who have been laid off. Being self-employed offers several advantages.

    Reply
  11. Hi there,

    Is this the only way to make money when laid off?
    I know that there are many ways over there! Why you did not tell about them?

    Hope you replay.

    Reply
    • Hi Abie,

      I just talked about the online opportunities. In addition, the way I shared teaches anyone a lot of skills to have great income (Learn you how to be online entrepreneur).
      How to use social media and monetize it for money
      How to write great articles and sell them for other bloggers
      How to sell online via your own store
      Build your own website
      and so on….

      Just try to sign in to discover yourself.
      If you have any specific question, please, let me know in the comment area so that my replay can help other visitors.

      Have Great Day.

      Reply

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