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3 Business Ideas That Will Lead You to Financial Freedom

3 Business Ideas That Will Lead You to Financial Freedom

Most of us work to earn money and improve our living standards. However, the sad truth is that we need money in order to make money. However, not everyone agrees with this notion anymore.

Nonetheless, you cannot expect to live a luxurious life in the US with what most jobs pay. For example, teachers earn around $29,000 in some states, preventing them from living their lives the way they’d like to.

So, what do you do in such a scenario? The easiest option is to start a small business and see where it takes you. Now you may say, “I need money to start a business”. Worry not. There are some non-conventional business ideas that you can start without much savings. Also, they don’t require you to quit your job, as you can concentrate on both, your office job and your new business.

So let’s have a look:

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1. Use The Free Space that You Have

If you have a big house with free space you can use it in a number of ways. You may welcome a tenant, and enjoy monthly rent.

If you do not wish to bear the trouble of dealing with a tenant, you may use the empty space as a warehouse and rent it out. There are a number of companies and individuals looking at hiring space to keep their goods or just to hold business meetings. You will not have much of a trouble finding people interested in your space.

And not just this, you may even use your porch. If you live in a populated area, you may rent out your parking space at an hourly rate. This is a quickly growing business that doesn’t require much from you.

There are many websites where you may get registered and let people enjoy the benefit too. Plus, there are no expenses. You can post an add online, sign up at a website that helps you get in touch with tenants or just set up a banner outside of your house.

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2. Provide Training

If you are good at anything, you can use it to earn money. People all around the world are willing to learn, all they need is a tutor and you can be one.

For example, if you are good at makeup, you can start to teach makeup at your place or even online. This is a fast growing industry and some makeup artists are making millions. Some like Huda Beauty have started their own fashion line even, so the potential is unmatched. You may even become an MUA and offer your services to others.

However, makeup is not the only thing that you can teach. If you’re good at art, driving etc., you can start teaching that in your free time. However, some of these may require proper education and licenses so make sure to check with your local authorities before you begin your new business.

3. Start a Virtual Business

The Internet has billions of users, and the best thing is that you’re not limited in any way. It doesn’t matter where you live, you can reach everywhere with the help of the internet. All you have to do is come up with a saleable idea and go with it online.

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The good thing is that you do not necessarily have to sell a product to earn online. You can just have a blog and share your thoughts online and turn it into a business. There are several ways of doing so, they include:

  • Earn from advertisers
  • Become an influencer
  • Become an affiliate

All these ideas have a lot of potential, however, the right option largely depends on what you are capable of. For example, you can earn thousands from advertisers like Google Adsense, however, it’s beneficial only if you have a large number of visitors.

And to be able to reach a wide audience you will have to spend on online marketing and provide your users with quality content. On the other hand, being an influencer requires a lot of time and effort. It’s about getting so big on the web that people are willing to pay you to speak about them.

Lastly, the option to become an affiliate doesn’t require much. Concepts like multi-level marketing are also quickly growing and have changed people’s fate. The concept revolves around selling products using your website and even offline means to earn a commission. This may not look like a very good idea on paper, but a number of people have turned it into a successful business.

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Conclusion

These three small business ideas are non-conventional and anybody can start them. However, don’t get confused, concentrate on one that you think you can do the best.

For example, if you like to be on the web then you should consider going online and start doing something in the virtual world, and if things go great you should consider streamlining your business by setting up a sole trader or limited company, but before that you should be aware of advantages and disadvantages of forming a company, and be sure of what works for you in a given situation.

Lastly, if you think you work better as an entrepreneur, then consider other options. They may not look like major ideas, but they have the potential to be big if you work hard.

Featured photo credit: newsweek.com via s.newsweek.com

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Ahmed Raza

CEO of Samurais.co

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Last Updated on November 24, 2020

50 LinkedIn Influencers To Follow, No Matter Your Industry

50 LinkedIn Influencers To Follow, No Matter Your Industry

LinkedIn is an excellent platform to network with great people to help you in your career and businesses. However, with over 575 million people on the site, who should you follow? This list will steer you to the right people to follow, organized by categories of expertise.

Job Search Experts

You will likely have several jobs throughout the course of your career, and you will constantly need advice on new trends and strategies out there in the job market. Here are the LinkedIn experts who you should follow on these matters.

1. Liz Ryan is the CEO and founder of Human Workplace. Her articles on job searching are filled with creative and colorful cartoons.

2. Lou Adler is the author of The Essential Guide for Hiring and Getting Hired.

3. Dr. Marla Gottschalk will help you make an impact in a new job.

4. Hannah Morgan runs CareerSherpa.net, where she gives expert advice on job searching and how to be more visible online.

5. Alison Doyle is the CEO and Founder of CareerToolBelt.com.

Management Experts

They say that people leave managers, not jobs. These experts in LinkedIn will help you become your employees’ dream manager.

6. Jeff Weiner. How can we leave out the CEO of LinkedIn himself?

7. Nozomi Morgan is an executive coach. She can help you transition from a boss to a true leader.

8. Mickey Mikitani is the CEO of Rakuten. He constantly shares his expertise in managing a global player in e-commerce platforms.

9. Andreas von der Heydt was the head of Amazon’s Kindle Content and now the Director of Talent Acquisition. He has extensive experience in management, branding, and marketing.

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Productivity Experts

By maximizing your productivity, you can win in all aspects of life. The following LinkedIn experts will help you win big in your career.

10. Gretchen Rubin is a happiness coach and the bestselling author of the The Happiness Project.

11. Carson Tate is the founder of Working Simply. She advises us to include play in our schedules.

12. Greg Mckeown is an essentialist. Part of being an essentialist is saying no to many things so that we can focus on the things that matter.

13. Brian de Haaff, CEO of Aha! Labs Inc. provides strategies on how to be productive and happy at work at the same time.

Marketing Experts

14. Sujan Patel is VP of Marketing at When I Work, an employee scheduling software. He is an expert in content marketing and he even shares his ideas on content marketing in 2020.

15. Megan Berry is the Head of Product Development at Rebelmouse, a content marketing and AlwaysOn powerhouse.

16. Sean Gardner will help you navigate the social media landscape. This includes how to use different platforms to help accelerate your career. He is also the bestselling author of The Road to Social Media Success.

17. Christel Quek is an digital and marketing expert. She is the VP of South East Asia at Brandwatch. Their products help businesses utilize social media data to make better business decisions.

18. Jeff Bullas is a digital marketing expert. His blog has over 4 million readers annually.

19. Michael Stelzer is the CEO and Founder of social media powerhouse site, Social Media Examiner.

20. If you’re looking for inbound and content marketing expertise, follow Dharmesh Shah, Founder and CTO of Hubspot.

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21. David Edelman is a McKinsey partner and is at the helm of the Digital Marketing Strategy Practice Department.

22. Dave Kerpen leads the social media software company Likeable Local. He is the author of Likeable Social Media: How to delight your customers.

23. Clara Shih is the CEO of Hearsay Social and the author of The Facebook Era.

24. Aaron Lee is Grand Master of Customer Delight at Post Planner. He is an excellent resource for everything social media.

25. David Sable is the CEO of Y&R, one of the largest advertising firms in the world.

26. Content marketing trumps traditional marketing these days, and who else better to lead you in this area than Joe Pulizzi, Founder of Content Marketing Institute.

Personal Branding Experts

Part of what we market in our personal career is our brand. When people hear your name, what kind of brand comes into their mind? What traits and qualities do they associate with you?

Here are some personal branding experts from LinkedIn to improve your own brand.

27. Dorie Clark is the author of Stand Out and Reinventing You. He can help you craft the professional image you’ve always wanted.

28. Dan Schawbel is the managing partner of Millennial Branding. If you’re a millennial, Dan is the guy to help you craft your personal brand.

Other Notable Experts to Follow

29. Lisa Gates is the expert to follow if you’re negotiating for higher salaries and promotions.

30. If you’re a Baby Boomer, Marc Miller will help you navigate the continually changing landscape of the workplace.

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31. To avoid getting your resumé moved to the “No” pile, read Paul Freiberger’s excellent advice.

32. James Caan provides insightful ideas on careers in general. He is also a serial entrepreneur.

33. Jeff Haden writes on various topics, such as leadership and management. He is the owner of Blackbird Media.

34. If you’re looking for expert business advice on getting new customers and keeping them, follow Jay Baer.

35. Suzanne Lucas, aka Evil HR Lady, is a great human resources specialist.

36. If you need help in using Twitter to boost your career, Claire Diaz-Ortiz can guide you in the right direction.

37. Ryan Holmes is the CEO of Hootsuite, a social media management tool.

38. Customers are the lifeblood of a business and Colin Shaw focuses on revolutionizing this customer experience.

39. Brian Solis often reflects on the future of business and how technology can disrupt our world.

40. Nancy Lublin provides advice on more lighthearted topics, which are perfect after a long day’s work. She is the CEO behind Dosomething.org, a portal designed for social change; and the founder & CEO of Loris.ai and Crisis Text Line.

41. Katya Andresen provides advice on how to manage your career. She was the CEO of Cricket Media and now responsible for the SVP Card Customer Experience at Capital One.

42. Gallup has created a system to test what your strengths are and how to use them at work. Jim Clifton is the CEO of Gallup.

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43. Adam Grant is a Wharton Professor and the author of Give and Take, which provides advice on why being helpful at work can accelerate your career.

44. Hunter Walk is a partner at Homebrew Venture Capitalist Company and has specialty in product development and management.

45. If you’re running a nonprofit organization, follow Beth Kanter for expert advice on this area.

46. Emotional Intelligence is necessary to succeed in your career, and Daniel Goleman is your expert for that.

47. Rita J. King connects science, technology and business.

48. Tori Worthington Rose is a Creative Director at Mary Beth West Communications, LLC. She has extensive experience in sales and digital media.

49. If you’re looking for some advice on how to use writing and personal content marketing to boost your career, follow Ann Handley.

50. Tim Brown is the CEO at IDEO and shares his insights on Leadership and Creativity.

These are just some of the key thought leaders and movers in various industries. They will provide you with constant inspiration, as well as the willpower to pursue the career that you’ve always wanted. Their stream of expert ideas in their respective fields will help you become well-equipped in your professional pursuits.

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Featured photo credit: LinkedIn Sales Navigator via unsplash.com

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