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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 November 5, 2019

How to Use Visual Learning to Work More Effectively

How to Use Visual Learning to Work More Effectively

Knowledge is essential to become successful in life, your career and your business. Without learning new concepts and becoming proficient in our craft, we cannot excel in our chosen careers or archive knowledge to pass down to the next generation.

But content comes in various forms, and because how we learn influences how much we know, we need to talk about learning styles. This article will focus on how to utilize visual learning to boost your career or business.

The Importance of Knowing Your Learning Style

Knowing your learning style enables you to process new information to the best of your ability. Not only does it reduce your learning curve, you’re able to communicate these same concepts to others effectively.

But it all starts when you’re able to first identify the best way you learn.

As a college student, I soon figured out that taking online courses without visual aids or having an instructor in front of me led to poor retention of concepts.

Sure, I got good grades and performed excellently in my online exams. However. I discovered that I couldn’t maintain this performance level because I forgot 80 percent of the course content by the end of the semester.

There are several types of learning styles known to mankind. To give an idea of how visual learning stacks up against other learning styles, here’s a brief mention of some of the different types of learning styles we have.

The four most popular types of learning styles are:

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  • Visual learning style (what this article talks about).
  • Aural or auditory learning style (learning by listening to information presented).
  • Verbal or linguistic learning style (learning that involves speech and writing).
  • Tactile learning style (learning by touching and doing)

But for the purposes of this article, we will be focusing on using visual learning to boost your career or business.

How to Know If You’re a Visual Learner?

When it comes to boosting your career, business (or education), a visual learner is one who would most definitely choose shapes, images, symbols, or reading over auditory messages.

I’m talking about preferring to read an actual map when navigating to a new place over listening to verbal directions. I’m talking about discovering that you actually have trouble remembering what your manager said at the meeting because there were no graphs or illustrations to support the points raised.

Most people who struggle with learning probably aren’t leveraging their best learning styles. The earlier you identify how your learning style can boost your success, the less struggle you will encounter with processing new information throughout your career.

However, visual learning in particular CAN 10x your career or business whether it is your preferred learning style or not. And here’s why:

Several studies have arrived at the conclusion that the brain retains more information with the help of visual aids. In other words, images are directly processed by our long-term memory which helps us store information for longer periods of time.[1]

While some lessons can be performed orally, several concepts can only make sense if you have an image with an explanation of sequences (i.e learning about the human DNA).

Visual learning does use a different part of the brain and visual cues are processed by the part of the brain known as the occipital lobe.

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By engaging more parts of the brain during learning, you’re able to have a fuller understanding of concepts and facilitate better interaction with your immediate environment.

How to Use Visual Learning for Success

Here’re 4 ways to use visual learning to boost your career or business:

1. Bring back the to-do list. Then add shapes and colors to boost productivity.

We live in an age where computers have taken over virtually every aspect of productivity and most human functions. But written lists are making a comeback, and with an endless number of important tasks to complete, having a to-do list of tasks in order of importance can improve your productivity.

While coming up with a list is initially challenging, adding colors and shapes to written lists that you personally write and manage gives you an extra layer of assurance and boosts aids recall so that you actually get stuff done.

I have tried this technique in my work as a registered nurse and discovered that adding shapes and colors to to-do lists helps me delegate tasks, recognize where more work is needed, and makes it easy to cross off completed tasks at the end of the day.

2. Add graphs, charts and symbols to your reports.

Yes, it seems like more work cut out for you. However, graphs enable you monitor the heartbeat of your business.

Graphs and charts help you trend your finances, budget, and pretty much any data overtime. With the help of free and premium software available on the market, it has become easier to take plain data and in a matter of seconds, have relevant information displayed in different shapes and images.

As an entrepreneur, you can make predictions and allocate funds wisely when you’re able to see whether your efforts are rewarded. You can use colors and charts to delegate actions to members of your team and track performance at the same time.

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And when broken down into monthly, quarterly, bi-annual or annual goals, graphs and charts communicate what ordinary text cannot.

3. Effectively brainstorm with mind-mapping.

Mind-mapping is not new but I don’t think it’s been talked about as often as we do to-do lists.

With mind mapping, you’re organizing information accurately and drawing relationships between concepts and pieces from a whole.

Think of a mind map as a tree with several branches. For example, the tree can symbolize healthcare while each branch stands for nursing, medicine, laboratory science, and so on. When you look at nursing, you can further branch out into types of nursing; pediatric, women’s health, critical care, and so on.

It’s an interesting relationship; the more ideas you’re able to come up with for your chosen subject, the deeper you get and the stronger the association.

Mind maps really show you relationships between subjects and topics, and simplifies processes that might seem complicated at first glance. In a way, it is like a graphical representation of facts presented in a simple, visual format.

Mind mapping isn’t only limited to career professionals; business owners can benefit from mind mapping by organizing their online learning activities and breaking down complex tasks into simple actions so that you can accurately measure productivity.

4. Add video streaming to meetings.

What if you could double the productivity of your team members by video streaming your meetings or adding flash animation to your presentation at the same time?

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When you offer video as an alternative method of processing information to colleagues, there is a greater chance of retaining information because we recreate these stories into images in our minds.

For organizations that hold virtual meetings, it can also be an effective way to enhance performance during if people can see their colleagues in addition to flash animation or whatever form of video is provided during the meeting.

Is Visual Learning Better Than Other Learning Styles?

No, that is not the point. The goal here is to supplement your existing dominant learning style with visual learning so that you can experience a significant boost in how you process and use everyday information.

You might discover that understanding scientific concepts are much easier after incorporating visual learning or that you’re able to understand your organization’s value when projected on a visual screen with charts and graphs.

The overall goal is to always be learning and to continue to leverage visual learning style in your career and business.

More About Learning Styles

Featured photo credit: Unsplash via unsplash.com

Reference

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