There was no better country than Sri Lanka before. But then came these Easter attacks, the COVID-19 Pandemic, and, of course, the inflation. And the country is now on its deathbed.
You can read more about the situation here:
What we needed in the country was to bring in foreign currency immediately. What we needed in the country was to bring in foreign currency immediately. Sri Lanka had no foreign currency reserves. It offered tea to settle an oil debt.
During the COVID pandemic, the concept of working from home became a trend. So people used to get familiar with that online stuff and learn to make money.
Ambitious citizens recently started a trend with the hashtag # SriLankaDollarChallenge. The goal was to encourage Sri Lankan online entrepreneurs to withdraw their dollars to Sri Lankan banks, thereby strengthening the Sri Lankan rupee.
With the problem being a lack of dollars, this was one of the most significant trends put forward by this young generation.
How I Made Money
There are a million ways when we pay attention to the methods of making money online. The main thing I understood after going through my adventures is that converting your skills into money is the only way.
So I had to find my hidden potential. I started to try new things.
I started a blog to write movie reviews, but with the tight schedule, uploading new content continuously was hard.
Youtube-A Failed Endeavor
I used to watch tech videos on Youtube and wanted to become a tech vlogger back then. So I made slideshows of different tech devices with my smartphone and started to explain them.
I then realized that keeping up with other rising and quality content creators wasn’t possible for me then. After a few more years of searching, trying things, and failing, a video explaining something called dropshipping popped on my feed.
Dropshipping — $500
I did some research on it and started dropshipping on eBay. I am putting a product to sell on eBay, and when someone orders it, I go to AliExpress and contain the same product for the buyer and keep a profit.
After some ups and downs, I could catch up with the market and make a decent amount for myself.
Fiverr — $200
While doing this, I started a Fiverr account to sell my article writing skills and did some orders. It also helped to push my income a little bit further.
These are the gigs I offer:
Writing articles and product descriptions: $5~10
Building a logo: $10
Making a promotional video: $15
My Dream- Computer Programming
I started learning computer programming as it was one of my favorite fields. And now, this urge to make a video game has risen inside me. While having an upcoming exam, I had to push this dream a few months ahead.
Investing
Investing money earned on your own is an excellent way to make more. The stock market can be a great place to start. As the Metaverse concept gained traction, I became more interested in cryptocurrencies and NFTs.
Most money-making attempts begin with the learning phase, but I haven’t started to make giant leaps in this field, mainly because of the risks.
After understanding market analysis and other stuff clearly, I will be ready to make decent leaps in the crypto field.
I keep working on my projects for multiple hours on the computer, which adds to the electricity and internet bill. I also decided to bear the occasional repair on my laptop with my income.
I made three times the average monthly wage in Sri Lanka.
My parents help me with other living costs. But they were surprised that I, as a 19-year-old, could make this large amount of money.
The journey so far has been satisfying for me. The journey ahead is going to be way more interesting. According to my experiences, I would like to give you some sacred tips.
First, always keep your eye on your goals and make them your motivation. If you have fought enough with a particular method and failed many times, take a break from that and try something else.
Second, manage your earnings carefully and try to invest them wisely.
Third, keep up with the upcoming trends and try to squeeze those trends to earn some profit.
It is evident that from my experience, anyone can make money online. And, with a wave of countries going through inflation, I would like to offer you to start in any of these fields.
This inflation is persistent.