Online Business Ideas You Can Do Now Without Quitting Your Job

Halt! Do not make rash decisions when you are emotional or over-fatigued. You can follow your passion or showcase your talents without quitting your job. Simply create an online business wherein you can earn money on the side. Consider the following business ideas.

UNLEASH YOUR CREATIVITY

One of the easiest ways to earn money online is by selling your images. If you have a knack for photography, round up your best pictures and sell your brand. Upload your designs on photo-sharing websites such as CafePress or Zazzle. If an individual or a company gets attracted with your design, it can be printed on a product or used for a marketing material.

Image Credits: pixabay.com

Who knows? Your unique design can be displayed on posters, calendars, book covers, bags, shirts, or hats. Do not limit yourself to posting filtered snaps on your Instagram feed!

BE A SOCIAL MEDIA CONSULTANT

We live in a world where digital consumption is fast and pervasive. As a social media consultant, it is your job to use ideal tactics to place the company in the right direction. This includes implementing posting schedules and creating target-specific content. You must have the knowledge of SEO tools and the latest trends.

Running the website, Twitter, Facebook, and Instagram accounts for smaller businesses is something you can do on the side.

BE A PROFESSIONAL FREELANCER

Maximize your spare time by becoming a professional freelancer. Websites such as Upwork or Freelance Zone allow you to apply for almost any task such as writing content, data entry, and programming. These websites allow businesses to get the additional help that they need on certain projects.

Increase your chances of earning money by providing different services in accordance with your skills and interests.

OFFER BOOKKEEPING SERVICES

Aside from being a full-time supervisor for a grocery, my uncle provides his bookkeeping services. Clients will typically come to our home to discuss their businesses. If you want to work from home and are great with numbers, consider this.

You may offer services such as creating financial statements or invoices. Invoicing tools such as Sighted and payment tools such as Due are available online to ease your load.

TRANSLATE VARIED DOCUMENTS

When I was working in a yoga studio, I came across and fitness instructor who translates documents from Italian to English. She does this for a fairly good price. It is one of the most profitable freelancing jobs in the industry. Your proficiency in a language or two is sought after in Singapore.

Advertise your services online in websites such as Craigslist and Gumtree.

BE A RESUME WRITER

It does not matter which industry you came from, you will not be there without an efficient resume or C.V. Some people pay very good money to have their personal statements on paper.

Image Credits: pixabay.com

Transform your gifts with words to gold by writing job documents for a daily rate or a “per page” rate.

Sources: 1 & 2

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Which Suits You Best: Employee or Entrepreneur?

Operating a business can be attractive to individuals with a drive to succeed. However, entrepreneurship is not for everyone. Before take the leap, you should consider the differences between being an employee and an employer.

Let us start with the sense of freedom and independence.

FREEDOM

One of the main reasons why employers open their business is the flexibility of time for family, hobbies, and other activities. They do not have to worry about the possibility of their leaves getting rejected as they hold their time. Enjoying a vacation this weekend without worries in the world sounds tempting!

On the other hand, employees need to abide by the rules or terms set by the company. There is a set work schedule and leave count.

PROFITS AND PAY

It comes as no surprise that the profits gained by the business eventually makes its way to the entrepreneur’s bank account. Parts of the profits can be indulged by the employees through their salaries and bonuses. Some organizations give incentives for their most industrious employees. Consider asking the HR department about it.

In terms of pay consistency, employees receive regular paychecks that entrepreneurs do not. You know how much to expect at the end of the month as an employee. While entrepreneur’s income may vary from month to month or year to year. There is a level of uncertainty for one’s financial future.

RESPONSIBILITIES

Great power comes with grave responsibility. The role of the employers is to protect the health and welfare of its employees. They must create a conducive work environment by providing benefits that will cover their needs. For instance, they can provide healthcare coverage for the employees and their families. This health incentive may improve the productivity of the employees.

The role of the employee is to obey the sensible orders of the employer as stated in the contract of employment. The employee must be responsible and loyal whenever he or she carries out his or her duties. Lastly, the employee must keep sensitive information confidential during his or her time of service.

RESOURCES

Building a business requires an access to a financial capital or other investors. You may need to shell out your savings and earnings not only in the beginning of the business, but also throughout its run.

Owning a business can either eat away your finances or grow it like a flowing cash stream. Are you open to take that risk? This creates a higher entry barrier between becoming an entrepreneur and an employee.

AUTHORITY

Who makes the shots? The employer, or course. The employer has more authority than the employee. He or she controls and monitors what the employee does and how they do it. The authority of the employee can be displayed with the employees who have lower ranks.

Image Credits: pixabay.com

The employer also has the authority of terminating the employment contract as justified by the company’s policies. Imagine having that much control and authority over others! If you cannot then, entrepreneurship is not for you.

Sources: 1 & 2

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5 Online Businesses You Can Start With Little To No Money

The Internet has a wealth of things to offer! Anyone with a computer or a smartphone can make money online. That is, without spending too much money.

#1: BLOGGING

More than 5 years ago, I launched Miss Psychobabble to blogger.com. I dove into blogging without a plan in mind. It was merely a medium for me to speak out my views regarding human behavior and how Psychology helps with life’s processes. My passion and knowledge for Psychology led me to start making articles that involve current issues and the workings of the mind. I am very thankful for services such as Blogger and other websites that offer free platforms for one to start blogging.

You can post photos, articles, and videos to earn money through sponsorships and advertisements. The key is to post regular content that is useful for your target audience.

#2: POSTING VIDEOS

It is bizarre to know someone who has not watched a YouTube video throughout his or her life. YouTube is one of the most popular websites across the globe, with more than 1 billion users streaming hours of video playlists each day. Use its reach to your advantage by making money online. Then, you may enable monetization on your Youtube settings. You cannot aim for an immediate viral video as a newbie!

Instead, you can create multiple videos to maximize the views and increase your gains. Whether you are knowledgeable about hair styling or an expert in how-to videos, you must find your niche. The sky is the limit!

#3: SELLING DOMAIN NAMES

Looking for a lucrative and entertaining way to earn money? Search no further than selling and buying domain names. It is comparable to buying a property for a low price and selling it for a higher rate. For instance, the most expensive domain name was sold for US$35.6 million. It was none other than insurance.com.

To buy a domain, you need more than just a credit card. Purchase domains on familiar websites such as GoDaddy.com, NameJet, or Sedo. Successful sellers will tell you that creating a portfolio of dozens of domains increases your chances of making sales.

#4: BECOMING A CONSULTANT

We are all good at something. If you have the knack to share your knowledge to others, you can pass it on by becoming a consultant. Becoming a consultant refers to tapping into an area you are great at to teach others.

You may offer services such as social media management, search engine optimization, and business promotion. More businesses seek experts rather than people who know a little bit of everything – Jack Of All Trades.

#5: SELLING YOUR CRAFTS

Crafty individuals tend to shy away from technology. However, social media and online marketplaces allow these individuals to share their love for the arts. Use websites such as Etsy or Carousell or platforms such ad Facebook or Instagram to sell your hand-crafted goods.

Image Credits: pixabay.com

You can surely sell something online if you knit, paint, sew, carve, or blend. Spend minutes navigating through these online marketplaces to get ideas on the items that you can sell.

Sources: 1
& 2

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4 Business Expenses That You Should Eliminate Right Now

I have good news for you! Reducing costs in your business does not have to take a lot of time or a significant amount of effort. In most cases, it comes down to making smarter choices. Continue reading on to find out what I meant.

MARKETING COSTS

Use technology to your advantage as you jump on the social media marketing wagon. Social media has a vast and diverse audience that you can tap. You are missing out on the potential of having fast-paced and low-cost marketing when you do not make use of Instagram, Facebook and Twitter. What’s more? You can collaborate with other advertisers or influencers.

Image Credits: pixabay.com

As I spearhead a school, I have teamed up with an mommy influencer to market our program offerings. In exchange of a post, the influencer was given free classes to fully immerse her child in our school environment. Bartering in an exchange of goods or services without handing out any cash is a good way to maximize your marketing budget.

TRAVEL COSTS

Unless you are taking the public transportation route, traveling domestically or internationally can be hefty. Eliminate the travel costs that come with business conferences by using downloadable software such as Skype or FaceTime to allow you and your client to have face-to-face conversations from anywhere around the world.

Reducing your travel costs does not mean that you must eliminate it entirely. Meeting in person with a client can bring serious profits and can close major deals. Thus, you must save your travel funds for high-priority situations.

PRINTING COSTS

How does one begin to emphasis the price tag that comes with printing? For starters, most of my school expenses surround paper and ink. Not to mention, maintaining a machine can be a time consuming. Just calculate the amount of time you spend dealing with printer issues!

Printing costs add up in a snap. Eliminate as much paper as possible by going paperless when it comes to waivers, contracts, or memos. Use online signature apps to sign contracts. Alternatively, you may invest in one printer to cut back the printing of the entire office.

MANPOWER COSTS

Is it necessary to hire a full-time graphic designer when you can outsource positions for short-term roles? There are numerous platforms such as Fiverr and Upwork that can offer the right talent at reasonable rates. This also helps other talented individuals to grow their businesses.

Image Credits: pixabay.com

Furthermore, you can try designing posters or other artistic materials for free through websites such as PosterMyWall and Canva. You do not have to be as artistic as Bob Ross to execute the task! These websites are easy to use as they have ready templates available. Isn’t that amazing?

Sources: 1 & 2

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Why You Shouldn’t Hire A Friend Or A Relative In The Workplace

The hiring process should center around making the decision for the company or the business establishment. When considering a friend or a family member for the job, ask yourself why you are doing it. If you have good reasons to support your decision then, go for it. On the flipside, please consider these reasons why you should not hire a friend or a relative in the workplace…

LOYALTY > WORK ETHICS

You and your friend have been thru tremendous ups and downs. Through it all, your friend has shown you his or her loyalty. While this is an admirable trait to have, loyalty and professionalism are two different things.

What if your friend decided to skip town without asking for permission? Or, miss the project deadlines because he or she can “easily” get away with it based on your strong bond?

Your next step is to discuss the matter to your friend. This is a tricky situation especially because you do not want to create resentment for the days to come.

PERSONAL ISSUES > CONSTRUCTIVE CRITICISMS

People react to criticisms differently. While others embrace it fully, some people may take it personally. This is something that you should consider when giving employee feedback.

Do not get me started with relaying feedback to a friend! A friend might take your criticism much harder because of the grey area that separates the professional and the personal life. Other than that, you may find yourself being more critical of your friend than you would have been with a regular employee. Honest is acceptable, but at what cost?

POSITIVITY > NEGATIVITY

It is human nature to overlook the flaws of the people we love. Perhaps, we just accept them for who they are without reservations. However, this perspective can be costly for business. It is important to not be controlled by “wishful thinking” during the hiring process of a new staff member.

If you are considering the possibility of bringing a friend or a relative on board, you must access all the issues at hand. An honest evaluation of their positive and negative attributes is needed to sustain a permanent business relationship.

NO LIMITS > BOUNDARIES

It comes as no surprise that striking a balance between your professional and personal relationship is challenging when you hire someone you are close to. You will find yourselves discussing about business matters while in social gatherings. Or, chatting about personal matters while in the workplace.

Image Credits: unsplash.com

Hiring friends and family members is a hit or miss situation! It can either affect your business positively or negatively in the long run. Are you willing to take the risk?

Sources: 1 & 2

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