Online Business Ideas You Can Do Now Without Quitting Your Job

Halt! Do not make rash decisions when you are emotional or over-fatigued. You can follow your passion or showcase your talents without quitting your job. Simply create an online business wherein you can earn money on the side. Consider the following business ideas.

UNLEASH YOUR CREATIVITY

One of the easiest ways to earn money online is by selling your images. If you have a knack for photography, round up your best pictures and sell your brand. Upload your designs on photo-sharing websites such as CafePress or Zazzle. If an individual or a company gets attracted with your design, it can be printed on a product or used for a marketing material.

Image Credits: pixabay.com

Who knows? Your unique design can be displayed on posters, calendars, book covers, bags, shirts, or hats. Do not limit yourself to posting filtered snaps on your Instagram feed!

BE A SOCIAL MEDIA CONSULTANT

We live in a world where digital consumption is fast and pervasive. As a social media consultant, it is your job to use ideal tactics to place the company in the right direction. This includes implementing posting schedules and creating target-specific content. You must have the knowledge of SEO tools and the latest trends.

Running the website, Twitter, Facebook, and Instagram accounts for smaller businesses is something you can do on the side.

BE A PROFESSIONAL FREELANCER

Maximize your spare time by becoming a professional freelancer. Websites such as Upwork or Freelance Zone allow you to apply for almost any task such as writing content, data entry, and programming. These websites allow businesses to get the additional help that they need on certain projects.

Increase your chances of earning money by providing different services in accordance with your skills and interests.

OFFER BOOKKEEPING SERVICES

Aside from being a full-time supervisor for a grocery, my uncle provides his bookkeeping services. Clients will typically come to our home to discuss their businesses. If you want to work from home and are great with numbers, consider this.

You may offer services such as creating financial statements or invoices. Invoicing tools such as Sighted and payment tools such as Due are available online to ease your load.

TRANSLATE VARIED DOCUMENTS

When I was working in a yoga studio, I came across and fitness instructor who translates documents from Italian to English. She does this for a fairly good price. It is one of the most profitable freelancing jobs in the industry. Your proficiency in a language or two is sought after in Singapore.

Advertise your services online in websites such as Craigslist and Gumtree.

BE A RESUME WRITER

It does not matter which industry you came from, you will not be there without an efficient resume or C.V. Some people pay very good money to have their personal statements on paper.

Image Credits: pixabay.com

Transform your gifts with words to gold by writing job documents for a daily rate or a “per page” rate.

Sources: 1 & 2

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Which Suits You Best: Employee or Entrepreneur?

Operating a business can be attractive to individuals with a drive to succeed. However, entrepreneurship is not for everyone. Before take the leap, you should consider the differences between being an employee and an employer.

Let us start with the sense of freedom and independence.

FREEDOM

One of the main reasons why employers open their business is the flexibility of time for family, hobbies, and other activities. They do not have to worry about the possibility of their leaves getting rejected as they hold their time. Enjoying a vacation this weekend without worries in the world sounds tempting!

On the other hand, employees need to abide by the rules or terms set by the company. There is a set work schedule and leave count.

PROFITS AND PAY

It comes as no surprise that the profits gained by the business eventually makes its way to the entrepreneur’s bank account. Parts of the profits can be indulged by the employees through their salaries and bonuses. Some organizations give incentives for their most industrious employees. Consider asking the HR department about it.

In terms of pay consistency, employees receive regular paychecks that entrepreneurs do not. You know how much to expect at the end of the month as an employee. While entrepreneur’s income may vary from month to month or year to year. There is a level of uncertainty for one’s financial future.

RESPONSIBILITIES

Great power comes with grave responsibility. The role of the employers is to protect the health and welfare of its employees. They must create a conducive work environment by providing benefits that will cover their needs. For instance, they can provide healthcare coverage for the employees and their families. This health incentive may improve the productivity of the employees.

The role of the employee is to obey the sensible orders of the employer as stated in the contract of employment. The employee must be responsible and loyal whenever he or she carries out his or her duties. Lastly, the employee must keep sensitive information confidential during his or her time of service.

RESOURCES

Building a business requires an access to a financial capital or other investors. You may need to shell out your savings and earnings not only in the beginning of the business, but also throughout its run.

Owning a business can either eat away your finances or grow it like a flowing cash stream. Are you open to take that risk? This creates a higher entry barrier between becoming an entrepreneur and an employee.

AUTHORITY

Who makes the shots? The employer, or course. The employer has more authority than the employee. He or she controls and monitors what the employee does and how they do it. The authority of the employee can be displayed with the employees who have lower ranks.

Image Credits: pixabay.com

The employer also has the authority of terminating the employment contract as justified by the company’s policies. Imagine having that much control and authority over others! If you cannot then, entrepreneurship is not for you.

Sources: 1 & 2

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Open a forex trading account in Singapore today

Forex trading is a highly lucrative activity. Previously, it was a preserve of large financial institutions and high net worth individuals but it is now open for retail individual traders.

As a result of the good financial results that existing traders are experiencing, there is a growth surge in the number of people who want to start trading forex. Singapore is one of the leading financial hubs in the world and forex trading is one of the leading activities that individuals can compete with corporate entities.

How to get into forex trading

Access the forex market

The very first step in trading forex is having the ability to access the market. This is where all forex transactions take place. To successfully access the market, you will need to get onto a tried and tested trading platform.

A trading platform is a website that provides you access to the market. It is professionally run by a forex broker who makes a small cut from allowing you the capacity to profit from this large foreign exchange market.

Open a demo account

To become a competent forex trader, it is imperative that you practice well. Failure to practice will lead to you blowing your trading account. To practice effectively, you will need to get a demo account.

A demo account is opened freely at your preferred trading platform in Singapore. Trading platforms offer demo accounts to every new customer who would like to practice before embarking on trading.

Demo accounts provided virtual amounts to allow the user to simulate real market situations on which they are based on. They also allow you to practice your trading strategies and also get to learn how to navigate on the trading platform.

Open a live trading account

Once you are satisfied with your practice on the demo account, it is time to dip your feet into the deep end of the market. View a number of live account Singapore Forex Brokers to find the right live account for your needs. A live trading account is the way to now start making money.

With a live trading account, you can load money in your preferred currency and start trading. Also, it is here that you can see the price changes on your trades and take your profits. You can also withdraw your profits from a live account unlike from a demo account.

Pick your currency pairs

In foreign exchange trading, you are trading two currencies against each other. The currency that you hold against another. You can either buy or sell one currency for another. Depending on your goals and trading skills, you can make a profit when selling or buying.

When you buy, you take your profit when the price rises and when you take a sell position, you take your profit once the price goes down. This you can understand better if you take your time to practice on the demo account.

Decide on your starting capital amount

Forex trading is an investment opportunity. Treat your trading float as a business capital and seek to make profit from it.

To start trading you need to ensure that you take your time to determine how much money you want to invest into your forex trading account to start with. Ensure that you pick an amount that you are willing to lose as forex trading is a risky endeavor.

Keep abreast with the news

When you are a forex trader, it is important that you keep yourself aware of what is happening around the world. The forex market is affected by political news and activities and other economic news from around the world.

Currency rates in different countries are affected by political activities in other countries for instance how the American trade war with China is affecting the Chinese currency which in turn affects other countries currencies’ due to global trade patterns.

Conclusion

To get into forex trading, it is important that you understand some basic trading strategies. A demo account is a simple trading account that lets you simulate the market with virtual money and without the risk of losses.

 

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5 Online Businesses You Can Start With Little To No Money

The Internet has a wealth of things to offer! Anyone with a computer or a smartphone can make money online. That is, without spending too much money.

#1: BLOGGING

More than 5 years ago, I launched Miss Psychobabble to blogger.com. I dove into blogging without a plan in mind. It was merely a medium for me to speak out my views regarding human behavior and how Psychology helps with life’s processes. My passion and knowledge for Psychology led me to start making articles that involve current issues and the workings of the mind. I am very thankful for services such as Blogger and other websites that offer free platforms for one to start blogging.

You can post photos, articles, and videos to earn money through sponsorships and advertisements. The key is to post regular content that is useful for your target audience.

#2: POSTING VIDEOS

It is bizarre to know someone who has not watched a YouTube video throughout his or her life. YouTube is one of the most popular websites across the globe, with more than 1 billion users streaming hours of video playlists each day. Use its reach to your advantage by making money online. Then, you may enable monetization on your Youtube settings. You cannot aim for an immediate viral video as a newbie!

Instead, you can create multiple videos to maximize the views and increase your gains. Whether you are knowledgeable about hair styling or an expert in how-to videos, you must find your niche. The sky is the limit!

#3: SELLING DOMAIN NAMES

Looking for a lucrative and entertaining way to earn money? Search no further than selling and buying domain names. It is comparable to buying a property for a low price and selling it for a higher rate. For instance, the most expensive domain name was sold for US$35.6 million. It was none other than insurance.com.

To buy a domain, you need more than just a credit card. Purchase domains on familiar websites such as GoDaddy.com, NameJet, or Sedo. Successful sellers will tell you that creating a portfolio of dozens of domains increases your chances of making sales.

#4: BECOMING A CONSULTANT

We are all good at something. If you have the knack to share your knowledge to others, you can pass it on by becoming a consultant. Becoming a consultant refers to tapping into an area you are great at to teach others.

You may offer services such as social media management, search engine optimization, and business promotion. More businesses seek experts rather than people who know a little bit of everything – Jack Of All Trades.

#5: SELLING YOUR CRAFTS

Crafty individuals tend to shy away from technology. However, social media and online marketplaces allow these individuals to share their love for the arts. Use websites such as Etsy or Carousell or platforms such ad Facebook or Instagram to sell your hand-crafted goods.

Image Credits: pixabay.com

You can surely sell something online if you knit, paint, sew, carve, or blend. Spend minutes navigating through these online marketplaces to get ideas on the items that you can sell.

Sources: 1
& 2

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How To Start An E-Commerce Business From Scratch

Whether you want to admit it or not, the online business world is filled with fierce competition. The key to a successful business is turning your dreams into a reality by knowing yourself. Plan your defense. Know what you are getting yourself into before you even begin.

WHAT MAKES YOU UNIQUE?

Everything starts from within. Before you begin selling your products or services, you must find the right ones that have the potential for serious profitability. Find a niche. Learn how to examine your skills and capabilities and research on the unique aspects that you can offer.

For instance, a friend of mine owns an online store that sells organic mosquito repellent products such as Citronella soaps and Citronella room spray. Her niche is fusing organic ingredients and self-care needs.

WHICH BUSINESS IDEAS CAN SUSTAIN THE MARKET?

Do your extensive research on evaluating market viability. Which products or services do people clamor over? What are the needs of the Singaporean children, teens, or adults? Use your business idea to dig deeper into market viability. Think about the details that can make or break your business such as shipping methods and staff requirements.

For instance, you must consider the product lifespan. Think of owning an online store selling vegetables. Inventory churn is high and competition reigns supreme!

WHAT ARE THE PROBLEMS YOU ARE TRYING TO SOLVE?

Validate the importance of your products or services by using keyword research and evaluating trending items in the market. Start conducting research on the market and the Singaporean majority. The trick is to find a group of people who are searching for a solution to a problem.

Visit online forums to see what problems people are trying to solve. Then, create a product or a service that will alleviate the issues. Learn about your competitors too!

WHAT ARE THE ONLINE BUSINESS LAWS?

Which government laws do you need to abide to when you open your online business? Do your research on the shipping restrictions, zoning laws, trademark considerations, and so on.

You need to polish all your business requirements before pursuing the leap of faith. By knowing the laws, you can avoid being trapped into landmines that will derail your business from succeeding.

WHICH WEBSITE DESIGN SHALL YOU APPLY?

Once you have established your product or service and you have researched your market, you are now ready to build your website. Remember to keep things simple in order to grab your potential client’s attention. Keep these pointers in mind:

A. work with two plain fonts that are easy to understand,
B. make your navigation clear and consistent on every page,
C. only use graphics, videos, or audios that will enhance your message, and
D. include opt-in promotions to collect email addresses.

HOW CAN YOU CREATE LIFETIME RELATIONSHIPS?

Well, the surest way to create a tribe for your online shop is to use the power of email marketing. Your customers and subscribers have given you the permission to send them notifications. This means that you may develop lifetime relationships with them, you may measure the percentage of response, and you may boost your traffic.

Image Credits: pixabay.com

Email marketing is cheaper and more efficient than print, TV, or radio marketing because it is highly targeted.

Sources: 1 &
2

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