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5 Ways to Earn Money From Home

StrategyDriven Entrepreneurship Article |Earn Money From Home|5 Ways to Earn Money From Home

Many people dream of working from home and being their own boss someday. The problem is that many people shy away from the idea and dismiss their ambition as a pipe dream. A couple of decades ago, very few people worked from their homes, and far fewer people were self-employed. Luckily, nowadays, many of the barriers of working from home have been removed, and thanks to modern technology, it is no longer a pipe dream but is instead a viable option.

If you have the determination to stay motivated and feel confident in making decisions for yourself, then running a business from home could be the perfect option for you. Many people are now making money from home, but quitting your day job and hoping to become an internet millionaire overnight rarely happens. A more sensible approach is to consider which online money making options best suit your strengths and interests and then put this to the test. If possible, it is useful to keep up your day job so that you have a regular paycheck coming in. You can then try out your online money making methods without putting yourself in a precarious financial position.

Side hustles are an increasingly popular way to make some extra cash, and it seems like nearly everyone has a side hustle. If you are struggling to think of ways to make money online, these ideas should provide you with some inspiration:

Use Your Skills

Most people have at least one skill that they could capitalize on to make money. For example, if you are skilled at carpentry, you could put this into practice and produce wooden furniture, decorative objects, etc., and then sell them.

Turn Your Hobby into Cash

How do you spend your spare time? If you have a hobby, you may be able to use this as your side hustle. Hobbies such as photography, embroidery, painting, etc. produce tangible products that you could potentially sell online for a profit.

Declutter and Make Money

Almost everyone has items lying around the house that they no longer need or want. Why not create a win-win situation by gathering these items together and decluttering your home in the process, and then sell these items online? It’s surprising how much money you can make from clothing, books, and games.

Give Affiliate Marketing a Try

Affiliate marketing is a hot topic right now, with many people wanting to give this money-making method a try. If you have a blog or vlog, why not Get Launch reviews and bonuses sorted out and see how much money you can make online as an affiliate marketer.

Start Dropshipping

Do you want to run an e-commerce store, but don’t have goods of your own to sell? This is where dropshipping comes in handy! Dropshipping enables you to select products that you would like to sell, and then use the dropshipping company to fulfill the orders. Dropshipping is particularly useful for people that don’t have extensive storage facilities to keep goods.

Got Employees AND A Home Business? Make Your Home Safe To Work

StrategyDriven Managing Your Business Article |Home Business|Got Employees AND A Home Business? Make Your Home Safe To WorkA lot of business owners work from home these days – it’s a flexible working arrangement, and works out in favor of most modern career minds. And when you’ve got a home business, the world really is your oyster! You create and innovate when at home, and you talk to customers and solve their problems from your own desk, and that really helps to boost your confidence and your business acumen.

But when you get the chance to expand, and bring an employee or two into your home business, a few changes might need to be made. After all, you’ve got liability on your doorstep now, and that means you need to create a space that’s safe for work. But how do you get started with that?

Try to Contain the Footfall

If you’re working out of a residential area, you’re definitely going to want to pay mind to this tip most of all; the neighbors might start getting annoyed about the visitors coming and going all day every day! You might want to start scheduling meetings and hangouts away from your house, and in a nearby cafe or restaurant.

But if you cannot quite manage that on your calendar, you’ll have to make an extra effort to try to contain the amount of people in your home, first of all. How? Only call people in certain days. And also make sure any employees in your home are kept to certain areas – if you don’t want people heading upstairs, make sure it’s cordoned off!

Highlight the Problem Areas

Your home might have a lot of problem areas to it, seeing as you live there, possibly with quite a few family members. There could be a lot of mess, or there could be some repairs that need to be done in your personal time – you need to be sure your employees never run into trouble when coming across these areas. So what can you do? You can highlight them!

Of course, you’re not going to want a professional person to notice just how messy your home might be, but if there’s an element of danger involved, it’s important to do so. For example, if you’re getting your wiring redone, or you’ve got some plumbing issues, taping the area off with a bit of reflective tape will naturally highlight the problem to even the most unobservant of eyes. If you want someone to keep away, use a bold color, especially if you’re going to be working quite late into the evening!

Keep Things Quiet

And finally, try to keep the noise down. Maintain a quiet working environment – try to keep your voices at conversation level and no higher, and always use silent powerpoints and human driven presentations more often than not!

A home business is going to need an extra hand or two, at some point. Make sure you’re ready to accept more and more people into your home on a professional basis. It’ll save the carpet at least!

How To Set Up A Successful Business From Home

StrategyDriven Starting Your Business Article |Running a Business from Home|How To Set Up A Successful Business From HomeRunning a successful business from home and enjoying the freedom to be your own boss is a dream for many people. Setting up a business is a challenge that takes plenty of hard work, time, and dedication, but for many people, it’s worth it. With this in mind, here are some key tips on how to set up a successful business from home.

Create a detailed business plan

Before you start any home business venture, it is crucial that you create a comprehensive plan outlining your business goals, along with a timeframe from reaching each specific goal. Doing so will help you stay organized, motivated, and keep you on track to achieve your business goals. Obviously, you want to push yourself, but at the same time, it is important to be realistic and set achievable goals, especially when it comes to financial forecasts. Take a look online for a useful step-by-step guide on how to write an effective business plan.

Take advantage of technology

Modern technology and the internet have opened up increasing opportunities for small business owners and freelancers. All businesses can now advertise their products and services to a worldwide audience on major selling platforms like Amazon and eBay. Freelancers can also now find numerous job opportunities online. For instance, you can find everything from graphic design projects to film and TV jobs online by searching on popular freelance sites and job boards. All businesses should also take advantage of the power of social media and focus on this when devising their marketing strategies. Social media offers every businesses the opportunity to connect with their target audience on a daily basis, grow brand awareness, and increase sales and revenue. Better yet, many social media platforms allow you to set up an account and post for free!

Get dressed every day

When working from home, it can be tempting to lie around in your pajamas all day and never leave the comfort of your bed. However, many studies have found that this is a far less productive way of working. There is no need to dress up in fancy designer outfits when you’re working from home, but showering and getting dressed as part of your morning routine is the best way to get your brain into work mode and increase your productivity levels. What’s more, dressing in professional clothing during your working hours will also help keep your work and personal life separate and notify people that you are working.

Have a separate office space

Similar to the above, it is vital to have a dedicated office space that you can go to every day to complete your work tasks. Again, this will ensure that you get into work mode each morning and should also help you remain productive and motivated throughout the day. Try to make sure that your office space appears professional and remove any distractions like televisions or mobile phones. This will help you remain focused on your work tasks.

Starting a Business at Home: A Guide

StrategyDriven Starting Your Business Article|Home Business|Starting a Business at Home: A GuideIf you’ve got that entrepreneurial spark, why not start your own business from your very own home? The best business you could build from home are the ones you start yourself from scratch, not the ones you buy into (talking to you, multi-level marketing schemes!). Even if you’re starting from absolutely nothing with little money, it’s definitely possible to build up your business idea into a successful and profitable company. Here is a guide on how to get started.

Step 1: Pick your niche

Come up with a business idea and choose what sort of business you want to start based on your experiences. This is most likely going to be the most difficult step, as you need to identify the idea behind your business and what your unique selling proposition is. You don’t have to necessarily have professional experience as long as the work you do is rooted in proper knowledge or expertise, so you can turn a hobby into a business as long as the quality is there.

Also consider that if you have a criminal record, there are a few fields you can’t start a business in, including medicine, law, finance, or anything that uses hazardous materials. If you want to be sure about your options, speak to an attorney to get a better understanding of what limitations you have if you’ve been convicted of a crime before getting started.

Step 2: Determine your target market and your competitors

Understanding whom you’re trying to sell to is a big factor in the success of your business, as is knowing who your competitors are and what they’re offering. By identifying your target market early on in the process, you can determine what kind of demand there is for your product or service and adjust accordingly. Also, every business has a competitor, and you want to make yours stand out so you must know what the competition is doing in order to offer something different than them. It’s beneficial to do a competitive analysis to help figure out what your company’s edge is.

Step 3: Decide what your budget is

Every business needs capital to get it off the ground, so figure out how much that is before you start spending. Consider how much you’ll be spending on your office space, including rent, utilities, equipment, and administrative services like conference calling, and be realistic about these costs. Also, consider other expenses like marketing costs and employee salaries and benefit packages. Do plenty of research and compare prices to make sure you get a good understanding of what your budget will be.

Step 4: Finance your business

The preferred way to finance your new business would be through personal savings, but understandably, this isn’t always a reality or a viable option. In 2018, nearly half of all small business owners went to the bank for a loan to help finance their company. There are other ways to obtain some capital, including:

Don’t forget to keep your business finances and personal finances separate for legal reasons. Make sure to establish your business as its own entity and set up an LLC for easy accounting when it comes time to file your taxes.

Step 5: Advertise

How are people going to know you exist unless you market your brand or product? Make sure your company has a website and you’re on social media platforms like Facebook, Instagram, Twitter, or LinkedIn (or all of the above – whatever makes sense for your brand and target audience) and understand the strategies involved for each platform, because yes—they’re all different. Traditional advertising is fine too, but the real bread and butter comes from social media these days, so get your profiles up and get that website functioning as soon as possible.

What To Consider When Moving To A Home Office

StrategyDriven Entrepreneurship Article |Home Office|What To Consider When Moving To A Home Office There are many appealing reasons to work from home when you run a business, and just because you initially chose to run the business from an office elsewhere, that doesn’t mean that you can’t come home if you want to. In fact, since it can save you money and make you more productive, it is something that many business owners are thinking about.

What will you need to consider if you decide to move your business to a home office rather than an external one? At first, you might not think there is much to consider at all, but when you start to work out how to get it done, you’ll realize there are a number of things to take into account.

Is There Room?

Moving from a reasonably sized office space to a home office could be difficult due to the space needed. If you look at what space you have available now, and what space will be available when you move home, is there much difference? If not then this point won’t be something that needs to concern you, but if the room you intend to use at home is much smaller, you will have to work out where everything will go.

Something that can work well is searching for The Lock Up Self Storage near you and putting some of your files and documents or even equipment in there until you have organized your workspace correctly. That way you won’t be delayed and neither will you be cramped.

Is There Somewhere To Go?

As well as knowing that you have the physical space you need, do you have a room that can be used properly as an office? Moving from an external office building to a home office can be quite an adjustment. You need to ensure that you have enough space to work, simply sitting to the kitchen table or in the corner of your bedroom is not a good alternative option to an office. It will be difficult to concentrate, and you might not be as productive as you would be if you had a dedicated room.

Where Will Guests Go?

Not everyone is going to be comfortable with visitors to the business coming to a home address. Although working from home is something that many people do, there is still something of a stigma when it comes to having meetings with colleagues, suppliers, or clients.

Where, then, will you have these meetings if not in your home office? Where is the nearest appropriate space you can use? You can choose to hire a dedicated office space with a meeting room, or you could go to a café or coffee shop, for example.

The Physical Move

Finally, even if everything else is organized and you are sure you are ready to move offices, how are you going to do it? Will you need a specialist mover to bring items to you, or could you hire a van and do it yourself? How long will it take and what kind of disruption will it bring to your business?

This is certainly something that will need to be considered as picking the right time to move is just as important as moving in the first place – using up vacation time or a weekend could work better than midweek, depending on your line of business.