10 Tips To Survive During the 2016 Social Media Bubble and the New Economy
Poor Man Survival
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10 Tips To Survive During the 2016 Social Media Bubble and the New Economy…
Social media could become a major bubble. Money made from hype more than from sales. How could a company like Facebook’s math add up? Investors showed excitement when Facebook acquired WhatsApp for $19 billion. Making each employee at WhatsApp worth over $300 million and acquiring 500 million users where each user needs to be at the value of $300 to break even on the acquisition.
By using arithmetic it doesn’t seem like this acquisition is anything close to a bargain yet investors are excited. Don’t forget Facebook also tried to acquire Snapchat for $3 billion. A service that has zero revenue, 30 million users (making each user worth $100), and yet Mark Zuckerberg is still described as a genius. A genius he might be but he is still only human.
The $2 billion dollar acquisition for Oculus which is 1000 times more than what is raised on Kickstarter does not seem like a bargain. Yet, it might be so amazing that it could become Facebook’s main money maker and put Xbox out of business. Here are ways to survive the next economic recession during the year 2017 if the Social Media Bubble actually happens.
Hopefully, though it won’t.
1. Rent your car via RelayRides
2. Become a Lyft or Uber driver to earn part time income
3. Don’t buy soda and instead use Soda Stream and make all your carbonated beverages at home.
4. Kick out your roommate and rent out your home to travelers through Airbnb or HomeAway. It will probably also cover your own part of the rent.
5. If you seek to create a business don’t seek investors. Seek crowdfunding.
6. Find a way where you can earn small incomes by selling on Fiverr
7. Provide simulation classes with the Oculus Rift headset when it goes mainstream and potentially dominates our lives.
8. Embrace the new sharing economy.
9. If you find a smartphone app that you really want but need to pay for. Find a competitor offering a similar service for free. Nowadays, internet based businesses are willing to lose money and not earn money for a long time as a way to get a membership base.
10. Buy less and reuse more. With China and India growing and becoming more of a consumer based society. The price of all resources will probably go up and become a lot more expensive.
Paul Rothbein is a future enthusiast and the founder of The Perspective 2020 Directory to Everything, and the Perspective 2020 Almanac To Everything: A Decade In Review. Both are due to be released in early 2015, with a Kickstarter campaign set for December More details can be found on perspectivethemag.com
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I priced the kits that are available in the auto parts store, but figured I could do it just as well with what I had around the house. I started by using a kitchen scouring pad and cleanser. After a little rubbing, most of the imperfections were gone. After rinsing off the cleanser, I sprayed it with cooking spray and rubbed it in. The results were impressive.
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Source: http://poormansurvival.org/2014/11/25/10-tips-to-survive-during-the-2016-social-media-bubble-and-the-new-economy/
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