If you are a woman looking to start her own company, you’ll be glad to hear that there are plenty of options out there. However, as starting a business is never an easy endeavour, you need to carefully consider what you would like to do and what you are qualified for. If you are open to going back to school and expanding your skillset, the choices are countless. So, here are some business ideas for women entrepreneurs to get you thinking.
If you are good with numbers and happen to have an accounting or bookkeeping degree, the choice seems pretty obvious. You can start a company from home that offers financial services such as producing financial reports, handling payroll, and tracking income. Keep in mind that you will have to familiarize yourself with the best accounting/bookkeeping software if you want to compete with the leaders in the field.
While the tech industry is famous for being dominated by men, if you have a knack for app development, you can still find companies that will love your services. What is more, you can surely find other companies that are run by women that are in search of a woman-led business they can work with. Maybe you have some cool ideas for apps that no one else seems to be producing and the technical knowledge on how to make them, so why not give this a go?
If fashion is your passion, you can think about opening a tailoring boutique. You can do this from the comfort of your home or rent a space where you can fit a sewing machine at the least. Set up a page for your business online and show off your skills and designs. Other than creating pieces from scratch, you can also offer other tailoring services to people.
You can also sell your garments purely online. What is more, it doesn’t have to be only clothing. If you are crafty and creative, you can make everything from furniture to various kinds of supplies. Platforms like Shopify are great for newbies as they are easy to use and allow entrepreneurs to reach a bigger audience. This approach is very popular as you get to make what you love and earn money by doing it. Plus, you can do it from home and sell to people from all over the globe.
Do you have a way with people? Why not consider opening a company that deals with marketing and public relations? Many businesses out there are in search of a good storyteller that will come up with a truly visionary marketing campaign which will help them reach a brand new audience. On the other hand, with the rise of influencers, more and more people require a publicist. Perhaps you can be the one that helps them out.
If you’re looking for a way to enter the beauty industry, there are many paths you can opt for. Opening your salon where you will offer everything from haircuts to manicures and pedicures to skin treatments is one way to approach this. However, keep in mind that having some sort of degree or certificate to display will help you with attracting customers. If you can’t afford to go back to school, you can look into VET Student Loans or a similar program that can assist you with paying tuition fees.
In case you always wanted to help people but you feel like you are not making a difference at your current law firm, you might want to consider starting your practice. When opening a law firm, you should concentrate on the field of law you have the most experience in. However, you can also choose to expand your interests and add another area such as immigration, family, or entertainment law to your offer.
Something else you can do if you’re good with people and make connections easily is to go into the HR sector. While some companies decide on having an in-house human resources department, others would rather cut their overhead costs and outsource this part of running a business. This is where you can step in. From hiring and training new staff members to lend a helping hand in resolving various workplace issues, there are plenty of jobs an HR manager handles, so ensure your interpersonal skills are on point.
Content creation involves all sorts of jobs you can do online. From writing, editing, and proofreading blog posts to taking photos and creating videos, you can decide what you want to do as companies are always in search of content that will attract an audience. If these things are something you like doing as a hobby, it even means that you will not have to invest a lot in equipment and further education.
Women are often lauded for multitasking and managing to accomplish so much in a single day. If this is something you can relate to, perhaps event planning is the career choice for you. For example, you can manage personal events like birthdays and weddings, opt for business events like conferences, or do it all. Proper time management, being able to deal with various vendors, and knowing how to accommodate the many wishes of your clients are the skills that will be necessary for succeeding in this line of work.
Finally, if you are much better at dealing with animals than with people, you can opt for opening a pet-related business. Pet owners are increasingly in search of groomers for their little furry friends, so consider offering this kind of service. On the other hand, you can go back to school and get your veterinary degree if you want to help pets in need of medical care. Finally, you can even make various kinds of treats or clothing items for pets. Hopefully, these eleven suggestions gave you the boost you needed to start thinking about ideas for starting your own business. Find something you are good at or invest in yourself to become even better and give opening your own company a ch
10 Most Profitable Niches for Blogging
So you are looking to start a new blog, and not sure about the niche, which no doubt is a tough decision. Blogging requires a lot of work, and you will want to avoid wasting your time starting down the wrong path.
According to research by Search Engine People, blogs stands as the 5th most trusted source for accurate online information. It implies that there are a lot of people involved in blogging, which means strict competition. So, if you don’t choose the right niche, you’ll struggle a lot in the long run. So, we’ve compiled a list of top 10 most profitable niches for blogging to help you in your bid to make money from blogging.
10 Most Profitable Niches for Blogging
Making Money Online
Making money niche is arguably the biggest income puller online. It is a very saturated niche in that a large number of blogs and sites makes use of this niche. However, it stands as one of the most comfortable niches to make a ton of money from if you have skills.
However, this niche is heavily crowded, and it might be quite challenging to establish an authority site. But if you have a hold on a tiny percentage in this market, you can become an online millionaire.
Gadgets and Technology
The impressive thing about technology and gadgets is that it is easy for you to come up with ideas such as trending topics, reviews, and so on. Also, there are a lot of demands ranging from gaming laptops to gadgets to smartphones.
To make high profits from this niche, you can write informative articles, reviews, and comparisons on products and gadgets. It will help provide guides and solutions to people’s problems on which products to acquire and how to use it.
Health and Fitness
Health is known to be one of the most profitable niches from the start of the blogging era. Also, are you aware that according to research, the fitness industry in the U.S is worth over $30 billion? For at least ten years, the industry has an annual growth rate of 3 to 4% because people are becoming fat due to their diet habits.
Everyone is willing to stay healthy and fit, and they don’t have a problem spending a couple of thousands of dollars on getting information and tips on how to stay healthy.
Finance is the utmost concern of people in the age of expensive lifestyle and extreme uncertainties. Hence, there is an urgent need for guidance on effective personal management of finance, spending wisely, and how to save money. These factors make personal finance one of the highly probable niches for blogging.
Also, in this niche, you can easily blog about hot trends like cryptocurrencies such as bitcoin, blockchain, etc. If you are a finance expert, you can give tips and guides on how to invest.
The travel niche is one fantastic niche because it allows you to fulfill your dreams of exploring new places and traditions and functions as a means of generating income. If you enjoy traveling and adventures, this is the most appropriate niche for you to invest.
Sources of income from this niche maybe resorts, travel agencies, hotels, and companies manufacturing and involved in the sales of travel products and guides. Such industries and agencies will be willing to pay you if you can draw a broad audience by writing articles and giving reviews about your experience and journey to beautiful destinations of travel, adventurous places, etc.
Relationships and Dating
Relationships and Dating is one of the largest industries that have rapid growth in the world today. As the population of the world keeps increasing, the relationships that exist between people, couples and friends are getting more complicated.
As a result, a lot of people seek relationship advice and counseling to lead a better lifestyle to manage their relationships, marriages, and general affairs with others. As a result, the relationship niche stands as one of the desirable niches for blog creators
Fashion and Beauty
Fashion and Beauty is one niche that significantly depends on the personality of the blogger. If you think you have what it takes to carry people along and are fashionable, you will earn a lot from this niche. Your primary audience will be women, but you can also attend to men.
You should know about beauty products, skincare, and fashion trends and accessories. If you can give useful tips or guide your users to the right products, your blog will be able to generate high traffic and a stable income.
In an era where people are constantly questioning their life purpose and identity, particularly in first-world countries that have attained a certain standard of living, people are in search of something more than the ability to eat their next meal, which is a fulfilling life.
Therefore, personal development is a large and expanding niche. Also, it could be quite gratifying to help others transform their lives.
Hobbies are great because they usually have a pool of every enthusiastic customer with high interest in the niche. For instance, specific skills like sports, playing the piano or guitar, gardening are niches with a broad fan base that is willing to spend.
Also, If you pick a good hobby niche, it could be a lot less competitive than some of the other niches present in this list.
A lot of businesses, both online and offline, are always in search of business solutions. These solutions include issues on accounting software, website creation, and development, management of social media, virtual assistance services, or any type of value proposition that can help the business grow.
Also, businesses usually have a much higher budget, and selling top tickets and services to them means you will be able to make a significant profit.
The potentials in each of these niches listed above are endless because a lot of sub-niches are present in them. At this point, you have no excuse to start earning as much as you want from your blog. It is time to take action
7 Steps to Building a 6-Figure Consultancy Business
Knowledge is power and as such, it is a commodity that is always in short supply and high demand. This means that if you possess useful knowledge in a certain area, you could, potentially, turn this fortuitous set of events into a lucrative opportunity for your business.No matter how simple this may sound, you can’t just go out there, share some advice and expect that people are going to pay you for this altruistic service. Your ability to do so, however, depends on your ability to start and run a successful consulting agency. Here are several things that you need to learn about this.
1. Make a blog
The first question that everyone will ask about anyone running a consultancy is – is this person really qualified in this line of work? You see, when it comes to giving real actionable advice, credentials don’t really matter that much. This is why you need an opportunity, a platform, where you can demonstrate your skill and in-depth knowledge of the field in question. The best way to do so is to make a blog that you can work through. Also, keep in mind that while offering free advice may seem like something counter-productive, there’s really no other way to prove to people that you’re the real deal.
2. Invest in your online presence
Regardless of your industry, in 2019, chances are that your customers will reach out to you in a digital environment. This is why your website needs to be absolutely flawless and as responsive as possible. Keep in mind that regardless of what kind of digital marketing you decide to use on a later date, it all leads back to your website. This is why it’s usually cost-effective to hire a professional to do it, even though it may be a bit expensive.
3. Getting to know your clients
The biggest problem with client interaction lies in the fact that not all of them are as good in expressing what is it that they really want from you. Sometimes you need to figure this out on your own and the best way to do so is to make a survey on this topic. Instead of standard demographic parameters, you need to inquire about the specific issues that bother them. What is it that they lack? What they’re losing the most money on? What keeps them up at night? What are their biggest aspirations in the business world? By learning this, you’ll be able to develop a perfect approach.
4. Get accredited
In the first section, we’ve already mentioned that certificates aren’t enough for you to convert people, nonetheless, they’re a bare minimum. Unless you can get yourself accredited as a consultant and advisor, you won’t be able to legally work within the niche. When you look at this from the perspective of your clients, you need to ask yourself – why would they work with someone without a certification, when there are so many people out there who are legit? Fortunately, this shouldn’t be a major issue, seeing as how starting a consultancy business is a simple process, that doesn’t require too much investment of time, effort or resources.
5. Be careful with the price
Keep in mind that being a consultant isn’t like providing any other service when it comes to the price. Think about it, do people really want someone who is the cheapest in the industry to consult them? Would they want to put their life in the hands of the cheapest surgeon in the hospital? Of course not! By lowering the price, you’re undermining your own authority and creating a worse image of yourself in the eyes of your audience. Therefore, try to stay as competitive as possible.
6. Smarter advertising
Having a blog alone will not be enough for your business to get to the top, which is why you need to be a tad smarter when it comes to your advertising. First of all, you need to reach out to your audience with an understanding of a problem that they’re currently facing. The simplest and the most effective way to do so is to ask them the question that they themselves are asking every single day. By doing this, while implying that you have the answer, you’ll already have their full and undivided attention. Now, you have to introduce yourself and insert a call to action. The formula is really that simple.
7. Word of mouth recommendations
Like always, the most powerful form of marketing that you’ll have available is word of mouth recommendations and you need to approach this topic as carefully as possible. The only way for you to earn earnest recommendations is to truly provide extraordinary service. This, however, doesn’t just imply that you provide results but that you’re cooperative and assertive enough, as well. So, put as much emphasis as you can on the customer experience.
As you can see, it all comes down to persuading people that you know what you’re talking about in order for them to give you a shot. Seeing as how knowledge is not a finite resource, even by offering a free example now and then, you won’t exhaust your reserves or put yourself in a disadvantageous situation. The key thing is for you to believe in yourself and know what you are worth. You simply won’t be able to persuade other people if you, yourself, don’t believe in this.
Passive Income Ideas That Can Make You Rich
Ever thought of waking up in the middle of the night, only to check how much money you earned while you were sleeping for the past three or four hours? Or have you thought of having a business where you are pretty much sure that you don’t need to be actively involved in its upkeep and maintenance and yet you will earn from your business? That’s the idea behind having passive income streams, you earn even when you are sleeping. So, Before we jump into some hottest passive income ideas, let’s understand what passive income means.
What is Passive Income?
Passive income is the income you earn from a business while you are literally not doing anything about it. You could be sleeping and still, the money keeps coming in. Thus, any income that you get from a business where you are not involved actively and that business requires little to no maintenance can be termed as Passive Income. Even though your income is passive, your tax liabilities are similar to what you have with an active Income.
Now the concept of Passive Income is not new. For instance, in the Victorian age, there was a boom in the housing market. The population almost doubled in a span of fifty years. Not everyone could afford his or her own house. Due to the scarcity of houses, the ultimate beneficiaries were the rental property owners.
The whole concept of Rental Income as a passive income idea has remained the same even after 200 years. But with the advent of technology, there are several other businesses or streams through which you can earn passive income. The below list contains some of the most successful passive income ideas. Believe me, you should give at least one idea a try(Of course with adequate planning). You will not be disappointed.
Passive Income Ideas that can make you rich while you are Sleeping!
Sell Ebooks online
Have you heard of Amanda Hocking? During the early part of 2010, she needed to raise a few hundred dollars. She was waiting for a publisher. The book which she was writing was still unpublished. She finally decided to self publish the book and sell it on Amazon.
Guess what, not only she was able to fulfill her dream of publishing her book, but also made a couple of million dollars. That’s what self-publishing has done for millions of writers all around the world.
Apart from the initial effort involved in preparing the ebook and making it available online, all she did after making her book available online was to sit back and count the dollars coming in. If you are good at writing and if you truly believe that people will love your work, you can consider the idea of writing a book in the field of your expertise or interest.
Either you can sell it as a pdf on your website or make a kindle version of the book available on the Amazon Kindle store. People have bought the idea that reading a digital book can be fun. In 2018, Revenue in the eBooks segment amounted to $12000 Million. In the US alone, the number of ebooks sold from 2010 to 2017 was over 260 million. These stats show that the market for ebooks is well established and there is enough scope for new players too. It’s not surprising, selling ebooks has become one of the most popular passive income ideas.
Advertise on your Mobile Apps and Websites
The US mobile app advertising revenues in 2018 was over $35 billion. Globally, it was around $100 billion. By 2020, the combined revenue from Android and iOS advertisements is expected to be around $190 billion.
And who gets all this money? Apart from the advertisement platforms which enable publishers to display ads and which act as mediators, it is the app publishers and website owners who make money for displaying such ads.
Once you publish an app which has enough downloads and once you have enough pageviews on your website, you can consider monetizing your platform by showing ads by partnering with advertising platforms like Google AdSense, media.net, etc. Now getting approved by such premium ad networks may not be that easy but once your platform gets approved by such networks, it could provide you a regular source of income.
Build Niche Websites or Blogs
Building a niche website or blog has immense potential to generate passive income for you. For building a niche website, you need to know inside out about the subject around which your website is built. For example, if your website is around content marketing, you should be the best guy you know about content marketing.
Once your website has enough content and is search engine optimized, you can consider selling either your own products or products for someone who has something to offer related to your niche. For example, if your blog talks about word press hosting, you can show ads of the WordPress hosting providers and make money as commission once a sale takes place.
Sell Photos and Videos online
Once you have enough quality photos taken, you can earn a royalty every time someone purchases it from the platform where you have uploaded them. There are literally hundreds of online platforms where you can sell photos. Some of the top websites where you can sell your photos or videos are Shutterstock, Adobe Stock, and Alamy among others.
Yes, there is a lot of competition in this sector but if the quality of your images draws the attention of marketers, you can start expecting clients from all around the world. Similarly, this is the era of Video Marketing. Videos are not only used by marketers for promotions but also as a part of their SEO strategy. Even a 10-second quality video can become a source of passive income for you.
Earn Rental Income from Real Estate properties(One of the oldest Passive Income Ideas!)
As said earlier, earning income from your real estate properties remains as one of the most popular passive income streams. According to Global Real Estate report by HSBC, ‘Real estate is the world’s most important asset class, with a value totaling $228 trillion at the end of 2016 and it is expected to be worth $425 trillion by 2025.
Yes, for many owning a real estate itself could be a big deal. If you don’t have enough money, you could wait for the downfall in the economy. Someone who knows the financial market would agree that there are cyclical downfalls and upswings in the market and downfall is the best time to make real estate deals. Something similar to the 2008 subprime crisis.
But the moment you have enough money to buy real estate, you should definitely consider purchasing real estate properties and renting them out. The maintenance part does not involve visiting your property on a daily, weekly or monthly basis. Just keep your eyes and ears open about it and make sure that you are in constant touch with your tenants.
The Bottom Line
There could be nothing better than doing your regular job or business and earning from something you have done in the past. These Passive Business Ideas are not difficult to implement and once done right, it can provide the financial freedom you strive for. If you are not successful in implementing any particular idea, understand the reasons why that idea didn’t work for you. For example, If you are planning to sell ebooks, having a great command over your language is a must. You cannot expect a single sale if you simply don’t write good enough. The same applies to creating a Blog or a Website. Having said that, once you know what people love and are sure of your abilities, you will be able to strategize better and prepare a product that people fall in love with thereby creating a passive income stream.
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