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Several different businesses, each making a little money, can make you a lot of money.
How To Make Money As An Entrepreneur
The digital nomad revolution is upon us and the combination of this remote working trend coupled with the proliferation of technology and the internet means new ways to make money have emerged. All over the world, smart people are finding new ways to earn income alongside their day jobs, some are now doing it in their sleep…literally.
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If you’re sick of following the 9 to 5 rat race and want to find a new way to make a living, either full-time or alongside your current job, you’ll be happy to know that the opportunities are endless. To help you get started, I’ve highlighted 10 inspiring ways to make money.
Arbitrage is when you hire an intermediary to do the work for you. In other words, you work as an agency. For example, if you are a content writer who has been hired by a company, you will take on the job and then pay someone else to do it for you.
While you won’t make as much money as you would if you were to do the work yourself, you can take on multiple projects, hiring freelancers to do the work while you market the service.
If you have a particular area of expertise that you find useful to people, why not share it through a book? While you have to invest a lot of time in writing, advertising to the world is becoming easier and easier, thanks to the internet and digital marketing.
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Now, instead of spending money on printing, you can simply sell it digitally on websites like Amazon. You can also create your own website, with an optimized landing page that will attract potential readers.
No matter how many logo design and creation tools appear on the market, the results do not compare to what professional designers see. If you know how to use an app like Photoshop and have a knack for all things design, then why not start doing home services in your spare time?
You may start doing this as a form of side income and slowly grow by increasing your client base through websites like Upwork, People Per Hour, and Freelancer. You can even create your own business website.
Investing in stocks has become a common way for smart people to make money for years. Fortunately, these days, you don’t have to figure out the stock market on your own because the internet provides all the information you need to know.
Enthusiastic Entrepreneur Counting Money. Premium. Lottery. Success. Yield. Finance. Making Money. Currency: Real. He Is Wearing A Blue T Shirt. Isola Stock Photo
In addition to the fact that information is available at the click of a few buttons, various educational platforms now offer trading courses where you can learn the basics of understanding the stock market and where to start.
As with books or ebooks, a blog is a great way to showcase your expertise on a specific topic or industry. All you have to do is use a blogging platform to create your page, and then create great content. To make your blog successful, you must:
Once you have everything mentioned above, there are several ways you can start generating income from your blog. You can:
If you know how to use words, you can use this skill to write for companies that need web content, articles, blog posts, and press releases. By creating a freelancer profile on several online platforms today, you can earn up to $50 per hour with the right clients.
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Also, you don’t have to stop at just writing. Content creation comes in all shapes and sizes and businesses from all over the world are looking for a variety of videos, infographics and images for their websites, blogs and social media channels.
If you have worked on a certain type of project and have built a valuable model that has proven to be consistently bulletproof, then you can sell it. Templates go beyond just web design, others include, but are not limited to:
You can also make more money by offering people packages where your models come with content specific to your client’s projects. This can be anything from a marketing package to a photography package and more.
Investing in the right person can have benefits, so smart people tend to make calculated decisions with money, one of which is peer-to-peer lending. It may seem like a risky game to start playing, but the loan company has created a new way for anyone with cash to become a lender, safely. Simply put, you register on a website, they find borrowers who match your loan criteria, and you lend them money (with interest).
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Smart people use whatever resources they can to save money and that includes housing. If you have a spare room that is more often than not empty, spruce it up and put it on AirBnB. You might even make enough money to pay off your mortgage and even some cash, depending on where you live.
If you have a second home that you only open on vacation, rent it out when you’re not using it. By treating it like a business, you can turn it into your main income.
The key to making extra money is not being smart, but finding smart ways to generate new forms of income. The creative methods mentioned above may require initial time or a small monetary investment, but these can be automated in many cases, creating a diverse money-making machine that will ensure that you do not have all your eggs in one financial basket.
Murray Newlands is an investor, business advisor and speaker. He is the founder of chatbot creation tools ChattyPeople.com and Sighted.com. Read his blog MurrayNewlands.com.
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Starting a Business A founder who started a jewelry business with just $1,000 is now making a 7-figure income because he understands his customers like no one else.
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Meg Strachan, founder and CEO of laboratory jewelry company Dorsey, packages and ships every order up to $1 million in sales.
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Enterprise Solutions Last chance to permanently add Microsoft Office to your PC or Mac Arsenal Program for only $40 Be your own boss, take all the hits, push yourself to achieve your goals – for many people, entrepreneurship is their ultimate career goal. But as amazing as running your own business sounds, it’s also incredibly difficult. How difficult is it? 90% of startups fail. Entrepreneurs are also more anxious than others and experience daily stress. After all, when you’re in charge, all setbacks fall on you. Here’s the good news: Starting a business can be one of the most rewarding, fun, and exciting opportunities you’ll ever have. If you are aware of the risks and are still determined to become an entrepreneur, use the strategies and advice in this guide. In this post, we cover: How to Become an Entrepreneur Gain Experience as an Entrepreneur How to Get Finances to Start a Business How to Get Business Help and Support for Entrepreneurs How to Become an Entrepreneur Identify profitable startup ideas. Identify and focus on a broad category (or categories). Meet the impossible demands. Make something better (or cheaper) than the existing one. Validate initial ideas with buyer persona research. Start with a Minimum Viable Product (MVP). Create a business plan. Keep iterating based on feedback. Find a co-founder. 1. Identify profitable startup ideas. A successful startup starts with an idea. You can’t build a business without one. Here are some creative techniques for thinking about your product or service: Ask your friends what frustrates them. What makes a product or service profitable? It provides a solution to a problem or frustration that people are willing to pay to alleviate. So, ask your friends what frustrates them. Founders constantly draw inspiration from frustration. For example: Travis Kalanick and Garret Camp started Uber after having trouble getting taxis. Andrew Kortina and Iqram Magdon-Ismail founded Venmo (purchased by PayPal) after having trouble repaying each other by check. Chris Riccobono launched UNTUCKit, a line of cool-looking shirts, after growing frustrated with the wrinkles and mismatched fit of regular button-down shirts when he wasn’t tucking them in. When you’re brainstorming, ask your friends to keep track of each day
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