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5 Online Businesses You Can Launch with Little Startup Capital

5 Online Businesses You Can Launch with Little Startup Capital

The entrepreneurial dream is alive and well, yet many would-be entrepreneurs don’t pursue their dreams because they think it takes a lot of money to start a business. Sure, there are some businesses that will require a pile of available capital, but there are also several businesses that can be started with very little funding.

Starting an online business has its advantages: working from home or any remote location in the world, while also having complete control over your schedule and career. Also, there are several online businesses that can be started with very little capital.

Thanks to the internet, it’s actually quite simple to launch an online business, even if you are strapped for cash. Here are five examples of online businesses that you can successfully launch without breaking the bank.

1. Social Media Influencer

Wait, what? Is this a real business?

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The answer is yes and it can also be a very financially rewarding one.

A massive loyal following can translate into a huge payday and lucrative opportunities on social media. Large brands pay influencers to promote products to their followers and many “online celebrities” became relevant simply because of their social following.

Some social media influencers with high engagement are earning thousands of dollars per post, but for good reason — this form of advertising works and works very well. When a product or service is introduced via an influencer, there is a much lower barrier to break through. The audience connects that brand with the individual they follow, creating a much easier path to purchase, with less friction than traditional advertising and marketing.

2. Subscription Box Company

If you take a look at the types of subscription box companies out there, you will see there are options for almost everything you can think of. Why? Because they are incredibly popular and many experts predict that they will only become more popular over time.

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Consumers love to receive packages in the mail, which is one of the reason Amazon is so popular. Subscription boxes give consumers what they crave — something that’s trendy combined with the thrill and joy of opening up more boxes every month.

There are many companies that receive free product or samples from companies to use as box filler, which greatly reduces the cost of operation. The key is to build up a large audience of subscribers and leverage that targeted market in order to secure free or reduced product.

Pick a topic that you are truly passionate about, as it will make the hard work required to launch a successful subscription box company more enjoyable.

3. Graphic Designer or Website Developer

Do you know how to write code or do you have graphic design skills? If so, there is a large market for skilled freelancers. You get to control your hours and pick the clients you work for. You control your pricing, work on projects that interest you and have the opportunity to earn a very comfortable living.

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Put together a portfolio and then get yourself out there on some of the popular freelancer websites, such as Freelancer or Upwork.

4. T-shirt Company

Starting a t-shirt company can be very affordable than it was in the past, thanks to print on demand options. Before, you would have to order inventory in huge quantities, in several colors and sizes.

Many t-shirt companies would quickly go out of business because they were putting out so much money in inventory and then getting stuck with colors and sizes that weren’t popular sellers.

It’s now possible to launch a t-shirt company by using social media to create a buzz and generate sales. The brand Chummy Tees is a perfect example of how you can take creative designs and phrases and turn it into a popular apparel line.

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5. Freelance Writer

The new generation of job seekers can’t write. Blame technology, especially text messages. Everything is shorthand, which has created a huge problem, but a huge opportunity for those that have perfect grammar and writing skills.

Almost every company these days is doing content marketing these days, and they desperately need quality writers to produce their blog and website content. Demand for excellent writers is at an all time high and companies are willing to pay for quality.

Skilled writers have plenty of lucrative opportunities waiting for them.

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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