If you are looking at starting your own business or if you already have one but want to make some changes in order to grow then read on!
The first thing that comes into mind when someone mentions “starting their own business” is money. Money can be earned by working hard, saving up and investing wisely. But what happens when we don’t have enough savings? What do we do when our investments lose value? Do we just give up? No way! We need to find another source of income so that we can continue living comfortably without having to worry about losing everything.
This is where entrepreneurship comes in handy. It gives us an opportunity to earn extra cash from home. And there are many ways to start earning online. You may choose to sell products through Amazon FBA, eBay, Etsy, etc., or even create your own product line. There are also opportunities out there for freelancers who offer services such as writing articles, designing websites, proofreading documents, editing videos, creating graphics, programming apps, social media management, translation, voice over recording, tutoring, coaching, consulting, training programs, etc.
The list goes on and on. So how does all this sound like? Is it something you would consider doing?
If you answered yes to any of these questions then congratulations because you might actually be interested in becoming an entrepreneur.
Self Employed Business Ideas
So now that you know what it takes to succeed as an entrepreneur, here are 5 tips that could help you along the way.
1) Start small. Don’t expect yourself to launch a full-fledged company overnight. Instead, focus on launching a side hustle which allows you to test the waters and see whether you really enjoy running your own business. Once you decide that you love it, you can expand your venture into a bigger project.
2) Find mentors. Mentors play an important role in helping entrepreneurs achieve greatness. Having a mentor helps them avoid making costly mistakes and provides guidance whenever needed.
3) Be patient. Entrepreneurship isn’t easy. It requires lots of patience, persistence, dedication, determination, passion, self-discipline, perseverance, planning skills, time management, leadership abilities, confidence, optimism, faith, hope, belief, tenacity, commitment, consistency and much more. All of these traits take years to develop. If you think that you already possess some of these qualities, great! Keep practicing until you master each one of them.
4) Networking is key. You need to network if you want to make money online. The internet offers many opportunities for those willing to put forth effort. There are websites like Linkedin where you can connect with other professionals or even start your own group.
5) Stay focused. One thing I have learned over the past few months is that there are times when everything seems to fall apart at once. When this happens, don’t panic. Take a deep breath and remind yourself that things always work out in the end. Remember that no matter how bad things seem, there is always light at the end of the tunnel.
I hope this list helped you understand what it takes to be successful as an entrepreneur.
Self Employed Business Ideas
Here are some of the best self employed business ideas:
1) Become a Consultant
Consultants charge by the hour which means they’ll only earn income while they’re actually doing their job. They usually offer advice/services such as writing articles, creating videos, etc. Some consultants may even provide free consulting services to companies looking to improve their product lines.
2) Sell Stuff Online
Selling items online has become very popular lately because it allows anyone to sell anything without having any inventory costs. It doesn’t require large capital investments either since all you really need is a computer connected to the Internet.
3) Start a Blog
Blogs are similar to selling goods online except instead of selling physical items, you write about whatever topic interests you. Many bloggers use affiliate programs to monetize their blogs. Affiliate programs pay bloggers whenever someone clicks through links posted on their site and buys a good or service.
4) Create a Website
Websites are another way to generate passive income. However, unlike blogging, setting up a website requires significant technical skills and time investment before making any sales.
5) Get Paid to Review Products.
Companies often hire individuals to test new products and give feedback regarding whether or not they should be purchased.
6) Write Books
Writing ebooks is becoming increasingly popular among entrepreneurs due to its ease of creation and ability to reach targeted audiences quickly.
7) Teach others
Teaching others is one of the easiest ways to make extra cash. If you enjoy teaching others, consider offering private lessons or tutoring students via Skype. Or teach English abroad using platforms like TEFL Bookings.
8) Be a Virtual Assistant
Virtual assistants perform administrative tasks for businesses and individuals. Depending on the task, VA compensation ranges anywhere from $10-$100 per hour. In addition, some virtual assistants set their own hours and aren’t bound by strict schedules. As a result, there’s no cap on how much money a virtual assistant can make if they work hard enough at it.
9) Do Freelance Graphic Design
Graphic designers create logos, websites, advertisements, brochures, flyers, presentations, social media graphics, infographics, etc. Freelance graphic designers typically bill hourly rates ranging between $25-75 depending on experience level. To land clients, freelancers must market themselves well and build relationships with other professionals (e.g., publicists, marketers, writers, editors).
10) Perform SEO Analysis & Keyword Research
Search engine optimization specialists conduct keyword research in order to determine what keywords people enter into search engines when searching for certain types of content. From this data, SEO experts develop strategies that help webmasters rank higher in organic searches. The average salary for an SEO specialist is around $24/hour based on our estimates.
11) Earn Money from your Home Office
Home-based jobs don’t have to be mundane—you could be writing articles, taking photos, recording videos, designing websites, and more! Plus, working remotely gives you the flexibility to care for your kids as you pursue your dreams. You might even say goodbye to the commuting hassle once you try telecommuting.
12) Pet Sitter
Sitting is one thing; walking another entirely. If you enjoy spending time with animals, why not get paid for it? Sites like Rover match pet owners with dog walkers. Just remember to ask about insurance coverage first. This is one of the easiest self employed business ideas.
13) Sell Unwanted Stuff.
Decluttr allows users to sell their old, used, and broken possessions for fast cash. All items sold go toward charity which helps organizations provide food, shelter, education, and healthcare to those in need. By selling your goods online, you get paid almost immediately upon completion.
14) Work as a Hairstyle.
Do you have good hair-cutting skills? Then start cutting hair professionally. You can charge $20-$50 per cut, plus tip. This works best when done outside of retail stores where you can also talk to potential clients.
15) Create a YouTube Channel
This platform provides an opportunity to include ads while making money off of streaming original video content. Once viewers subscribe to your channel, you receive regular payouts for each person who subscribes via email. Many creators also use it as an effective strategy to gain new followers and subscribers.
16) Write ebooks
Writing an ebook requires minimal effort yet still makes enough money if marketed correctly. Choose a topic that relates to how you think and feel about yourself. For example, if you love animals, consider creating an ebook about animal welfare. Or, let’s say you’re good at fixing computers, take advantage of that skill set by writing an eBook about computer repair. Whatever niche you choose, keep the reader in mind. They’ll probably expect some level of technical detail regarding your area of expertise. And remember: there are plenty of other options besides self publishing through Amazon Kindle Direct Publishing. To name just two, you can publish books using traditional publishers like Simon & Schuster, Hachette Book Group, etc. Also check out Lulu.com.
17) Create an Online Course
With sites like Udemy, Teachable, Skillshare, and CreativeLive, there’s no shortage of potential courses. Depending on what kind of skills you possess, this could be a lucrative side hustle. If you’re interested in becoming an influencer, look into setting up shop as a brand ambassador company on platforms like Instagram, Facebook, and Twitter.
18) Do Freelance Work From Home
Sites such as Elance, Freelancer, Guru, PeoplePerHour, TaskRabbit, Remote.co and Upwork are perfect for finding freelancers looking for jobs. Use websites like Swagbucks.com, Doshify, Pathrise, Problogger and InboxDollars to track things like searches, views, visits, conversions and more ways to measure success. You may want to try these 30 Best Places to Find Free Work Online!
19) Become an Affiliate Marketer
Affiliate marketing isn’t all about promoting products — it’s also about promoting brands. Whether you’re already familiar with affiliates or not, getting started with affiliate marketing should prove easy. As long as you know what you’re doing, you can make money working remotely even before you hit break-even point. All you need is a few key resources, including; a web browser, internet access, and permission from your employer to log hours and spend time away from the office.
20) Become an Airbnb or VRBO host
Living near friends and family doesn’t mean you can’t make money hosting strangers in your own place. On Airbnb, rentals average $31 a night. Just 10% of hosts leave negative reviews. It’s one of the easiest ways to meet people and get paid. Learn more here… Earn Money From Home Jobs Online – How Does It Works? | Make Extra IncomeOnlineWorkFromHomeHowDoesItWorksMakeExtraIncomeEarnMoneyFromHomeworkGet PaidToRead
21) Drive for Uber or Lyft
The best way to earn cash fast is to drive for one of the top car rental services in your city, like Sidecar, UBER, or Lyft. You can often pick up bonuses by joining a driving group.
22) Deliver Food with Postmates, DoorDash, GrubHub
Are you a great cook? Why not offer your culinary talents to hungry customers around town? Delivery drivers typically earn anywhere between per hour to per shift depending on their availability, tips, number of deliveries accepted and distance driven. Consider signing up with Door Dash, handing over your vehicle, and letting someone else do the driving while you make bank.
23) Make and Sell Jewelry
Everyone needs rings, necklaces, earrings, and bracelets. Selling them at venues like Etsy or Artfire allows you to turn your hobby into a sustainable enterprise. Handmade goods sold via eBay and Amazon can provide a passive income stream too.
24) Sell Art and Craft Items On Society6
This website has everything from clothing and housewares to furniture and toys. There are artists selling original pieces, but they aren’t always available.
25) Repair Computers or Phones
If you have experience with PCs or smartphones, consider setting up shop as a repair person. To find local opportunities, check sites like FlexJobs and USTelecomm. Also, don’t forget to tell everyone you know that you now make more than enough money to live comfortably.
26) Become a Personal Fitness Trainer
Get fit to help others reach theirs. Companies like SweatWithMe let individuals set their prices according to how much clients pay each month. And if you love the idea of helping people look better, then this could be a huge side hustle.
27) DJ Parties and Events
Want to become a party promoter? Start out by reaching out to companies in your community who hold social gatherings. Many will allow you to use their facilities to promote their event. Check Meetup to see if there are any groups close to home.
28) Be a Tour Guide
Love history? Teaching others something new might just be the perfect gig for you! Find students willing to take language classes abroad so you can teach English conversation through travel. Sites like Contiki and Intrepid Travel give you the opportunity to work locally and globally.
29) Be a Property Manager
Property management used to require a college degree before, but today anyone can manage properties simply by using platforms like AirBnB. Use websites such as ApartmentRatings.com to research neighborhoods prior to listing your space.
30) Interior Designer
Need some extra cash? Designing interiors may be an option for you. Websites like Houzz connect homeowners looking for design advice to interior designers who want to build their portfolio.
Let’s see these ideas!