If you’ve worked 9am to 5pm, with frequent overtime for many years, and are now bored, you’ve come to the right place. We understand that things can get tough and working for someone else can be thankless. Plus, burnout is a real killer, and you don’t want to live with high stress. This is not healthy.
There must have been times when you thought you could make more money working for yourself. But you haven’t moved forward with your plan. You must have reasoned with yourself about the lack of financial resources or the enormity of the task. That’s perfectly normal, but that doesn’t mean you can’t start your own business right now.
The first thing you need to do is to breathe deeply and develop your mental clarity. This is important because you want to make sure that you don’t decide without careful consideration. All factors, including your personal life and career goals, should be questioned. Once you’ve made a decision, stick with it. There is no turning back. Things may or may not work out, but you need to be confident in your decision.
The next thing to do is to assess whether you would be able to keep up with the finances. Running costs can weigh heavily on your wallet, and if you’re growing fast, you may need to invest more money. See if you can do it alone or if you need investors. Also decide if you want to do it alongside your job or full time, as this decision can affect your life.
To go further, let’s talk about business skills. If you feel under-equipped, a general masters in business administration can teach you a lot about business strategy and operations. So think about improving yourself. You can train on the go via eLearning.
With all that out of the way, here are some business ideas to help you succeed.
1) Online teaching
The coronavirus pandemic has led to wide acceptance of distance learning. With universities around the world forced to adopt this approach, students are now more comfortable studying online. Additionally, many great remote learning tools such as Zoom and Microsoft Teams have made it easier for teachers to conduct lessons in a streamlined way.
You can become an online teacher. But, keep in mind that if you teach in schools, they might require you to teach in-person classes later. Therefore, private lessons are your only option when it comes to conventional education. But, the silver lining is that private tuition pays well in most parts of the world. With CIE A Levels being the norm in many countries, if you offer your services online you can have students from all over the world.
Other than that, you can offer skill-based training. You can teach people graphic design, computer programming, etc., if you master these skills. Specific skills are required. You can also record and sell courses of your lessons. People are eager to learn online, and if your courses sell well, you’ll make a lot of money.
2) Web and app development
If you have a degree in computer science and are already familiar with development, this should be easy for you. However, if this is new to you, there are plenty of online courses (we told you these things are in high demand) that you can take. If you are not ready to pay for it, you can learn free videos on YouTube. There are free books you can read for deeper learning.
Once you have the required knowledge, you can develop websites or applications. However, to make money in these areas, you need to make sure you do quality work. Since the market is saturated with developers and programmers these days, innovation and execution will make you stand out. Of course, use your business skills to sell yourself.
You can offer your web development services on Fiverr or sell your apps through Google Play. With huge competition on Fiverr, you need to be patient and garner good reviews from your customers. As for your app, make sure it has no bugs and is innovative enough to grab attention.
3) Content Writing
Well, you can do that with your current job. It’s one of those things you can easily pursue on the sidelines if you develop the proper discipline for it. With many content writing jobs outsourced to freelancers, you can make a lot of money in this market. In writing can be a well-paying job if you find a company that pays a reasonable rate per word.
Often companies pay more if you choose items in bulk and deliver them within a tight time frame. If you can keep up with tasks, you can outperform others. This should help you earn more money than your contemporaries. Also, if you have good SEO skills, it pays off more than writing your everyday article.
You must remember that content writing is an umbrella term for various writing gigs. Technical writing, which falls into this category, is an emerging field in itself and can become a distinct business option. You can offer your services on Fiverr or freelance with a company, and if you do well, you can earn a lot of money in this field.
You don’t need to start a business to pursue these business ideas. Self-employment is key here, and these ideas will serve as building blocks for your business. You can build a business as you grow. Remember that consistency is key. Many people give up too soon, before they even experience their first cycle of stability. Go with determination and let your competitors know you’re in it for the long haul.