This article will talk about new and innovative business ideas you can start from your own home like creating online courses, starting an e-commerce website, and being a freelance blog writer. There are a lot of doubts that come with the decision of starting a business. For example, the question, “Is Udemy Legit?” has always been asked when deciding whether they should start selling an online course.
Let’s be honest. A 9-to-5 day job is physically, emotionally, and mentally exhausting. For the majority, our jobs are the bane of their existence, dreading the hours that they have to work almost every day. Unfortunately, there are a lot of factors as to why we cannot just resign from our jobs and live a happier life, the main thing being financial. Not everyone was born into money and can afford to survive jobless. Many also have kids and families that they have a responsibility to feed and provide for.
All the multi-billion companies that are now earning millions of dollars on a daily basis started from scratch, from creative and new ideas that filled a void in the market. Most of these were also started by former employees who probably got sick from their current jobs and took the risk of starting their own business.
When you start your own business, you don’t necessarily have to resign immediately. You can just do all of the preparations for it during your free time. Starting a business will ask for some sacrifice as whatever short rest you have after your job will have to go to your business.
It is, however, a small sacrifice as compared to the potential payoff that you will get when your business finally started seeing success. Here are some benefits of starting your own business. This list may convince you that it is definitely worth starting a business instead of just spending your whole life being an employee.
Benefits Of Founding Your Own Business
The Government Gives A Lot Of Tax Cuts And Financial Incentives
No matter which country you are in, there are government programs which will provide you with the financial incentives to help your business succeed. Tax cuts are also offered to small business owners to support the small business industry.
Work On Your Own Time
When you are an employee, your company owns your time. There are a lot of rules like having to go to the office early and not a minute later, clocking out only when your 8 hours are up, etc.
However, the time of being productive is different for everyone. When you have a business on your own, you can work when you feel productive instead of having to work during a strict set of hours.
Be perfectly secure when it’s you running the business. One of the biggest fears of being an employee is being laid off because of downsizing or because they broke company policy.
Corporate employees may often feel that they are not being listened to. Their ideas, no matter how creative, will easily get discarded when the higher-ups think of a “better” idea. Run free with your own creative ideas and enjoy the independence that it brings.
Work Hard For Your Own Gain
Don’t you feel that it’s unfair that you are working hard every day only to earn barely a small percentage of what the company is making? With your own business, you can work as hard as you want and it will be for your own personal gain.
Working as an employee, there is a rigid set of levels that you can attain. There will always be a glass ceiling for you especially if you do not have close connections with the higher-ups. With a business, you are faced with unlimited possibilities. Some companies have shot up to become multi-billion dollar companies without their owners predicting that it would be that huge.
There are much more benefits that come with running your own business. Now here are some of the newest and most innovative business ideas that you can start on even from the comforts of your own home.
New StartUp Business Ideas
This is perhaps one of the biggest industries that have risen up from the Internet. The eCommerce Industry encompasses the buying and selling of goods and/or services using the Internet. The transfer of money and data is also part of these eCommerce transactions.
There are a lot of online platforms right now that have risen in popularity for hosting eCommerce stores such as Amazon, Shopify, and Etsy. This requires a little bit of investment as you would need to buy the products that you would be selling.
Aside from that, you need to do a little bit of research to write an entertaining and engaging copy for your product or service. Running a profitable eCommerce store would take a lot of time and energy from you as there are a lot of details that you need to iron out. For example, you need to find a shipping company that will deliver your products quickly but more importantly, safely
Just like with a physical store, you need utmost patience and due diligence. The global market is very much volatile. You need to be adaptable to change or you will get eaten alive by your competitors.
Create Online Courses
Online Education is expected to be earning billions of dollars in revenue in the next years. There is a lot of potentials when it comes to creating online courses. It allows you to work on your own time and once it is uploaded, it barely needs any tweaking. You will be earning passive income from students enrolling in your course.
Another great thing about creating online courses is that you can talk about a topic that you love or are already proficient in. This means that you will not have a hard time giving out lessons.
As a Udemy Instructor, your online course can discuss anything under the sun. As long as you feel that there are interested students, you will most be earning money. You can start creating online courses as a freelancing gig and when you have built a foundation as an online course creator, you can then have it as a full-time job.
Affiliate Marketing is one of the newest trends in Marketing. Instead of the company doing the marketing and looking for customers, it is a third-party doing it for them. What this does is that it reduces the company’s expenses for marketing while also providing a third party a little bit of incentive.
Being an Affiliate Marketer is like being a salesman but on the Internet. You do not have to go door to door but rather just getting online traffic and redirecting them towards a website or product.
Some websites give a 10% commission for every sale that they make thanks to your referral. However, there are other platforms and vendors that offer much higher commissions, reaching up to 50%.
Affiliate Marketing is that side gig that you can start on at any time of your career. However, it would take a bit of time before it can provide for your daily needs.
Blog Posts are one tactic that generates the most amount of traffic for websites. There are a lot of writers that have earned their living just from professional blogging alone. Bloggers can earn a lot of money depending on both the quality and quantity of their writing.
According to studies, over 1, 000 websites are created every minute. Each of these websites would need content. However, most of these website owners are too busy with their own personal and professional lives to be bothered with filling their websites with high-quality and relevant content.
This is where you come in. If you are confident in your writing and research skills, you can offer your services to website owners. Thousands of professional blog writers have resigned from their job so they can focus on their more rewarding and less constrictive business.
Blogs also earn over hundreds and thousands per month which is obviously higher than what most corporate jobs give. Some world-renowned blogs even earn millions of dollars on a monthly basis. You just need to find an angle that sets you apart from the conventional blogs and starts building your audience.
Social Media Manager
Social Media has taken over the world by storm. With brands migrating their advertising efforts from physical, on-field activations to social media pages, Social Media Managers have become one of the most in-demand freelancing services.
If you have a decent knowledge of how Social Media Management works for brands, then you can definitely use this idea. Not only will you be earning but you will also be providing support to a handful of companies.
Running advertisements on social media sites such as Facebook, Twitter, and Instagram is easy. Even if you do not know how to, you can easily find some tutorials on the Internet. All you really need to be a social media manager is to be updated on the latest rising trends and make sure that you jump on the bandwagon.