Approximately 3.7 million people in the U.S. were self-employed as of 2018 and working from their homes. Nine out of 10 American workers have wished at some point that they could make the transition to working from home. With the ups and downs of the economy, the slicing of employer benefits, and the crazy pace of life, many people are deciding to take control of their careers and incomes by launching a home business.
Anything that’s healthy, popular, good for the environment, and heavily promoted by the government is a pretty good business bet. In addition to traditional pedal-powered bikes, e-bikes have become very popular. E-bikes can be pedaled without electric power or use electric power to assist, and sales are expected to rise to over 40 million units by 2023. Regular pedal bikes can even be converted to e-bikes with a special kit.
E-learning is exploding as an industry. Recent studies show that the industry will be worth around $331 billion by 2025, making digital products one of the best online business opportunities for creators and educators alike. Music, videos, ebooks, and online courses are a few examples. They can be held or touched, but are popular amongst consumers because they can download them and consume on their own time.
Recent figures from the Small Business Administration (SBA) show that total private employment dropped by 15 percent once COVID-19 was declared an emergency on March 13, 2020, yet employment at small businesses saw a higher rate of decline at 17 percent. The unemployment rate keeps fluctuating as the pandemic runs its course, but it’s likely the job market will be slow for a while.
The hardest part of getting paid to write is finding those first few gigs, although you can usually get started using a website like Upwork. Still, you should check out this post on How to Become a Freelance Writer, which is written by Holly Johnson. Johnson has been earning multiple six figures as an online freelance writer for years, and she has a free webinar and a course you can buy. If you need help getting started, you can read more at EarnMoreWriting.com.
But if you get the green light to do it, starting a catering service is a relatively low-overhead way to create a new business. It’s a lot of work, but if you enjoy cooking, it could turn into a lucrative and fulfilling career. To get started with minimal investment, you could first cook in your customers’ homes and use their dishes. Also, a narrow specialization on a particular type of cuisine or event may help you attract clientele as you work develop a strong customer base.
Public relations represents another specialized area where there is high demand for consultants. Large firms facing a crisis or a scandal often will hire outside PR specialists with no connection to the crisis or scandal in question. In these instances, the job generally involves developing strategies to navigate the most difficult time period immediately after the issue becomes public knowledge. Some firms bring in PR consultants simply to help develop new strategies or refine a company's public image.
While cryptocurrency has already proven to be one of the most popular business opportunities, it’s still not at its peak. We’re unsure of how cryptocurrency will continue to evolve and grow. However, cryptocurrency investors may end up winning big if more companies and banks accept cryptocurrency as payment. Of course, there are always risks involved, and you may lose more than anticipated. But all great business opportunities have risks. Just be sure to do your homework first.
The pet industry is one of the biggest industries. With so many people owning dogs, we’ve seen the rise in dog walking businesses. Dog walking is a business opportunity that works well in major cities. You can hire dog walkers to walk packs of five or fewer dogs of the same size. As dog owners become more informed about the separation anxiety their pets experience, they turn to dog walking services to help their dogs socialize and get some fresh air. This business opportunity has already proven to be popular, so it’s a worthwhile one to start if you’re passionate about dogs.
An elegantly straightforward process, affiliate marketing via reviews, blogs, social media, webinar software, and other platforms is a new frontier in marketing that’s just waiting to be utilized. Follow the tips included in this article, and you’ll be able to engage your audience, convert passive readers into active consumers, and enhance your paycheck one click at a time.
Email marketing: This is best in small doses. You don't want any partners sending out bulk emails to customers who aren't interested in your products or services, but with proper consideration for who's receiving the email, this could be an effective method. For instance, if you sell design tools, you might reach out to marketing agencies and ask, if they're working with a specific client on a design project, whether they might consider sending a URL from your site within the body of the email. This could help their clients leverage your tools to create higher-quality content, while giving agencies an added source of income.
Also known as a publisher, the affiliate can be either an individual or a company that markets the seller’s product in an appealing way to potential consumers. In other words, the affiliate promotes the product to persuade consumers that it is valuable or beneficial to them and convince them to purchase the product. If the consumer does end up buying the product, the affiliate receives a portion of the revenue made.