Starting your very own self-owned business has never been easier. The rise of the digital world has provided countless would-be entrepreneurs with new opportunities to access additional sources of revenue. Whether you want to start a part-time gig as a self-employed freelancer to increase your income or launch your own business full-time, there are plenty of options to choose from.
However, as the world of self-employment continues to grow, it can be difficult to determine exactly which strategies you should be experimenting with. Ultimately, the right option for you will likely depend on your current skills and passions. However, if you’re not sure where to begin, and you’re looking for strategies that offer great profits, with minimal initial effort, you’re in the right place. Here are some of the simplest self-employment ideas you can consider this year.
Run an Airbnb Business
Airbnb and other similar property-sharing platforms have transformed the travel and accommodation industry in recent years. They allow individuals to rent portions of their property or entire homes out to travelers in exchange for a fee. If you have a space you can share with others, running an Airbnb business can be an excellent way to make some money with minimal work.
However, it’s worth noting that you will need to invest in making your business a success. You’ll need to make sure your space is appealing to travelers, focus on delivering excellent customer service, and consider how to promote your home or room. You can find guides online that will guide you through the ins and outs of running an Airbnb business to get you started.
Create an Online Course
Are you an expert in something? Do you know how to teach others how to play the guitar, or do you have behind-the-scenes knowledge of SEO and social media marketing? If so, you might be able to make an income as an online coach or course creator.
Online learning has become particularly popular in recent years as people look for new ways to expand their education in their own time. Developing an online course that delivers true value to learners takes significant time and effort at first. You’ll need to research your target audience and cultivate engaging content. However, once you produce and publish your course, you can earn passive income with very little effort.
Try Affiliate Marketing
Affiliate marketing is a relatively straightforward way to make an income. Essentially, it involves building an online presence so you can promote the products and services of another brand. The income you make from this business model will vary depending on the kind of products you choose to promote and how successful you are at convincing customers to purchase something.
If you can cultivate an engaged following online, and convince customers to trust you, then you can earn significant commissions from every purchase you facilitate. However, it’s important to choose the companies you partner with carefully. Make sure they address the needs of your target audience and share your values.
Consider Dropshipping
If you’ve always dreamed of developing a profitable online store but don’t want to go through the hassle of managing inventory, orders, and fulfillment yourself, a dropshipping company could be the ideal alternative. With dropshipping, entrepreneurs choose third-party manufacturers to work within the industry of their choice and list their products on their own websites or e-commerce store. Every time a customer makes a purchase, the dropshipping company takes over the fulfillment process.
They handle producing the item, packaging it, and shipping it to your customers, and you simply pay for the base price of the goods and the shipping. This model can be a relatively low-cost and low-risk way to get started online if you want to join the retail world. But you will need to make sure you choose your suppliers carefully.
Become a Virtual Assistant
Finally, if you have a wide variety of skills and are excellent at communicating and collaborating with others, you could consider exploring a new business strategy as a virtual assistant. Virtual assistants can make a significant amount of money each month, working with a range of different businesses, teams, and individuals. The tasks you’ll complete as a VA will depend on several factors, but they can include everything from administrative tasks like scheduling appointments to doing business research. As a virtual assistant, you’ll be able to increase your income over time by offering a wider range of specialist services to companies in your chosen niche.
