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5 Business Ideas for New Entrepreneurs in 2017

5 Business Ideas for New Entrepreneurs in 2017

In 2016, more people chose to leave their jobs and start their own businesses. According to the Kauffman Index, the rate of startup growth was 58.5%, which was nearly 12 percentage points higher than 2015.

If you are interested in starting your own business, there are many great opportunities in 2017. Here are some business ideas that could make you a lot of money.

1. Sell Organic Looseleaf Tea

Demand for tea is growing significantly. According to data from the World Tea Expo, the U.S. market for tea rose by $10 trillion in 2014. Many young adults are also interested in loose-leaf tea. This is a market many distributors like Teavana don’t serve.

Unfortunately for tea enthusiasts, the climate in most parts of the U.S. isn’t ideal for growing tea. This is a great opportunity for savvy entrepreneurs with the right contacts.

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According to NPR, many great fortunes have been built by tea exporters over the years. However, the barrier to entry was high, so it was difficult for new entrepreneurs to enter the market. There is a much better opportunity for entrepreneurs on a low budget in 2017, since the market is growing and globalization makes it easier for business owners on a small budget to start their own tea importing business.

2. Import and Re-Sell Goods

If we learned one thing from the past election or the Brexit fiasco, it is that people are very nervous about globalization. While globalization is a threat to some people, it’s a huge opportunity for clever entrepreneurs.

You don’t have to start a new business from scratch. If you are already selling on Ebay or your eCommerce website, you can consider expanding your supply chain to China, India or another country. You can mark those items up and resell them on eBay or your own website. An entrepreneur on Reddit created a business importing goods from China and make nearly $7,000 in the first couple of months. Many other entrepreneurs are doing the same.

3. Resume Writing Service

Although the economy is getting better, many people aren’t thrilled with their jobs. Last year, Gallup reported that about 51% of employees were actively seeking a new job.

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You can create a booming business helping struggling job seekers. The easiest way is to create a resume generation business. Even many professionals have difficulty creating their own resumes, so this could be a great way to make a nice income.

Cost Helper estimates that resume writers charge between $80 and $349 per resume. Since job seekers have to tailor their resumes to different clients, you can earn several hundred dollars helping a single client.

4. Create a Coupon or Consumer Review Blog

Many people aspire to make a living as a blogger. Unfortunately, most people fail, because they create a blog about something they are interested in, even though there isn’t a large demand for it.

People that make a lot of money do so by coming up with a blog topic that appeals to a large customer base. Coupon blogging is one of the best. Reviewing products is another great way to earn a living blogging.

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Louida, an Atlanta woman that created her own coupon blog a few years ago, earns close to $10,000 a month from her site.

There are a few ways that you can earn money as a coupon or product review blogger. You can rely on advertising from Google Adsense or other advertising platforms. However, affiliate marketing is a better way to earn an income. You can encourage your visitors to visit client websites and get paid whenever they signup for an email newsletter, request a free sample or buy a product.

If you are skeptical about the money that you can make running a coupon site, then you should read about Coupons.com. In 2014, the company filed for a $100 million IPO. The site generates about $200 million in sales every year.

5. Tutoring Services

Tutoring is another great way to earn money. If you have a degree in a specialized field, you can charge $50 or more an hour to help struggling students.

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Tutoring is also a great way for professionals to make extra money on the side. During slow periods, lawyers can tutor recent law school graduates to help them pass the BAR exam. Engineers can also work with students at their local engineering school.

Start Your Own Business in 2017!

There are plenty of opportunities for intelligent people to start their own business. The hardest part is taking the plunge. Do you plan to launch a business this year?

Featured photo credit: Pexels / Paul Kunitsky via pexels.com

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Annie Qureshi

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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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