“Imagine you woke up tomorrow morning in a brand new world, identical to earth, but you knew no one.
You still have all the experience and knowledge you currently have, your food and shelter is taken care of, but all you have is a laptop and $500 dollars.
What would you do in the next 7 days?”
This question is posed by John Lee Dumas, founder of the Entrepreneur on Fire podcast.
As I sat down to ponder about this question, I guess that the core of the question is asking “What skills do I have today that I can monetise instantly?”
Throw this question to the average Singaporean and chances are they will be stumped as how to answer it. $500 is not a large sum to survive on — if the answer is to start trawling job websites for something that fits the skills that they have, how long will it take before they can be gainfully employed? One or two months? Or even longer? Beyond the knowledge and skill set that their current employer requires of them, what secondary skills do they have that will allow them to start making money quickly?
Personally I think I would be hard pressed to find an exact answer myself. If I were to rule out the option of trying to sit squat and keep spamming job websites in the hope that someone would respond — a rather passive approach, I think — the next few options could be to:
1) approach non-profit organisations to offer my help. It could be to help them modernise their website, handling day-to-day operations, basically anything that could be of use to them. The goal would be to start interacting with other people and broadening my social network. With time, I would be able to meet people from all walks of life and have contacts that can place me in another position
2) approach a language school and offer to work administratively, while again building up my networks with the teachers and students there so I can start building out a side income as a language conversation partner. Also, to offer translation services.
3) start attending meet ups in the areas I am interested to move towards
4) bid for projects to work on in translation/writing/research work
4) with some or all of the activities done above, to start looking for product gaps — products that people want but cannot find online — and start thinking about how I can offer them that product.
I read several people’s responses on another website to see what they were writing about. In the end, it all boiled down to the same key points: that you must start an online profile, expand your social circle, and work like mad to offer your services to anyone who could need it.
Is there anything that I missed?