Nothing beats working for yourself. Even when you love your job and think that it’s rewarding, the satisfaction you get when you are your own boss is a completely different feeling. Not only is it more meaningful but it comes with so many benefits.
While it may seem alluring venturing into a new market, especially if you are a startup, it can be tricky, and let’s face it, pretty risky too—you are putting in more hours than at a 9-5 job elsewhere, and there will be moments where you may actually be sacrificing a lot more than just your time. Even then, it is absolutely worth it.
While thinking of starting your own business, the first thought that may have crossed your mind was probably, “What should I sell?” or, “Which market segment has the most money?” or even, “How do I start with my current skillset?”
Just like stocks and property, in our interconnected world thanks to the internet, websites also have a really high value.
Even as you read this, websites are constantly being purchased or sold for hefty prices. There are several factors that will affect the value of a site online, such as the domain name, the amount of traffic it receives, general popularity and profits that the site earns amongst other factors.
While this business can be really lucrative, it requires an in-depth understanding of the market, however, once you understand how it works, you could potentially be sitting on a goldmine.
If you are passionate about something and have a big knowledge base about the topic, you could start a career as an online coach. Setting up a YouTube channel with tutorials, setting up a blog to help people understand concepts, creating online courses—there is a multitude of things that you could be doing.
Online coaching can be a lucrative way of making money, however, make sure you don’t oversell yourself online or to a client as their success depends on many different things that may not entirely be under your control.
Are you organized, can multitask and are meticulous about your work? Chances are that someone out there is looking for a virtual assistant with your skillset and would be willing to pay quite well. To start off, you can look for assistant jobs on platforms like Upwork or on remote working websites such as Jobspresso. This job is also a great way of making contacts in an industry that you want to eventually end up in.
If you are a native English speaker or are bilingual but proficient in English, you could look towards teaching English as a second language to people online. This is more than just a summer of “ESL.” There are people willing to pay up to $50 dollars depending on your experience and skills and it can all be done online
If you are leaving behind a corporate job with a fair amount of experience to start your own venture but have no idea where to begin, this one may be for you. There are several people out there who want to learn how to ace a promotion interview or ask for a raise, or simply land a high paying job.
if you have useful tips for them, you can just start your own consultancy and people will be willing to pay you good money to learn the tricks of the trade. If you aren’t ready to start up your own website or just want to test out the waters, you should look at signing up to platforms such as The Muse or Coach Me where others are looking for people like you to mentor them.
Real estate valuation is a great job to have because you can decide how much you want to work, where you want to work from and these parameters will decide how much you earn.
You don’t necessarily need a degree in this field but you should check if you require some kind of certification in the country or state that you want to operate in.
Many people have the willingness to do the dirty work in their backyards, but few have the know-how to design a backyard space to begin with. Draw up the designs for your clients’ outdoor spaces and let them do the actual digging.
If your business idea is well-suited for being run from home, it’s still important you have a designated work space. While a home office might not be possible, consider setting aside a corner in your living room or putting a desk in your bedroom for a space that inspires you and creates the conditions for success.