Let’s face it, 2020 changed the way people view when, where, and how they work. Many got to experience working from home. They don’t want to go back to the behind a desk, sitting in a cubicle lifestyle. A Harvard Business School Online study found that 21% of people said they would prefer to work remotely. Things are changing in the corporate world, and people are finding different ways to make money other than sitting in an office for 40 hours a week. Many are wondering how and if they can start a startup.
The answer is yes!
If you are looking to become an entrepreneur, you’ve probably searched online best business ideas. You have sorted through the many ideas are out there. There is passive income, affiliate marketing, and good old YouTube videos. Many of these can take longer than most would like to start earning money, so I will show you seven startups that can make money within the first year.
Freelancing/ Virtual Assistant
The profitability in freelancing has a pretty quick turnaround with almost zero startup costs. Many may see profits in the first week or two.
So, what is freelancing? You are selling a service, something that you are good at. It could be copywriting, managing someone’s schedule, managing their social media, bookkeeping, web design, blog writing, as well as many other services.
How You Get Paid
The pay of a freelancer offering a service could be paid in a
- Hourly Rate
- Retainer
- Project fee
Where To Find Clients
You can go on sites like Upwork or Fiverr to find clients looking for these types of services. Keep in mind that there are many out there that don’t have your expertise or maybe just don’t have the time, and they are willing to pay someone else to do the work for them; that is where you come in.
Online Course
Creating online courses can be very profitable if done correctly. Everyone has something they know how to do pretty well, like dancing, teaching a language, sewing, creating digital art. The opportunities for creating new courses are infinite. You would be surprised at the things that are out there that people pay money to learn. As a business, you will need to create multiple courses. You want good reviews and people coming back to you for your expertise.
There are a variety of ways to create a course. You can use your phone, a video teaching the skills, or a voice-over video with slides if you are camera shy. Upload these videos to various learning sites like Udemy or Skillshare, upload them across the web, and have people purchasing from multiple sites. The great thing about uploading them to sites like these is that these platforms already have an audience, so you don’t have to build one on your own.
You can create passive income with online courses, you create the course, put it out there for others to buy, and you make money. This is the type of income many dream of.
E-commerce
Many entrepreneurs start with an e-commerce business. They tend to think that it is easy to have a successful e-commerce store. Frequently they find out that even though it looks fun and easy, that isn’t always the case. Building a successful store takes time and research to find the right product, wholesalers, researching your competition, and the right type of advertising.
Don’t let that discourage you. Setting up a successful e-commerce store can take anywhere from 4-12 weeks. Find a good wholesaler and a winning product. You have to grow your brand through great advertising. The process can be fun, especially when you see it all come together when you make your first sale.
Print on Demand
Have you ever bought a cool t-shirt or hoodie with a custom design? Print-on-demand works when you have a good supplier who ships directly to the customer. You provide them with the artwork that goes on the product, and they do the rest. The product can be a phone case, glass cups, mugs, clothing, bags, and more. You can use sites like Printify or Teespring.
What you can create with print on demand is endless, a cool meme, a photo of your dog, a cool quote, and even stickers. You can use a site like Canva to help you create your design. Canva and other similar sites are fairly easy to use.
Selling eBooks
Selling eBooks has grown in popularity in the last couple of years. With more people using digital devices, reading on a mobile or tablet has increased. More and more people are reading eBooks. Selling an eBook is a lot simpler than it would be to get a book published and distributed to bookstores. The simplicity of writing and putting your eBook out there is what many are attracted to. You can write your eBook or employ a ghostwriter.
You can create just about any eBook you want, from fiction to simple how-to’s; there is no limit. An excellent way to make sure your eBook sells is by researching the topic you want to write about and checking if it’s trending or if people are searching for that type of eBook. This way, you will ensure a successful launch. You can check places like Amazon’s best sellers list and grab ideas from there.
Where To Sell
When it comes to selling your eBook, you can do it in a couple ways. One would be to set up your own website. Another way is to sell your eBook through Amazon Kindle Direct Publishing. Amazon is an excellent way for beginners because they already have users on the platform. You have to supply what people are looking to buy, and you can make an income.
In Conclusion
There are many startups out there for you to choose from. You just have to do your research and know the potential costs and turnaround on your initial investment. The internet is full of opportunities. Because of the pandemic, many are looking to start different types of businesses.
So if you have an idea, run with it because this is the best time to give remote work a try. More and more jobs are moving online, and becoming an entrepreneur isn’t as difficult as it used to be.
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