Tag Archives: Self employed tips

10 Home Businesses to Start Now

December 12, 2023 By in Freelancing/Self-employed Tags: , , , , , , 2 Comments

Whether you are a stay at home parent or you need something to supplement your income, saving on commuting costs and office spaces are compelling reasons to consider work from home businesses.

However, it starts with finding the right business idea that aligns with your interests and skillsets. To guide you in making an informed decision, we’ve gathered 10 lucrative home business ideas you can start today.

3 Benefits of Going For a More Streamlined Aesthetic in Your Home Life picture

1.   Content creation

The creators economy is reported to be valued at over $250 billion and is projected to surpass over $480 billion by 2027. Players in this industry include creatives who create original content, share it on their desired platforms and build a loyal community of audiences.

2.   E-commerce

The value of the global online retail industry is expected to exceed $7 trillion dollars in 2025, showing prospects of its profitability. Retailing, selling handmade products or running a drop shipping business on platforms like Shopify are popular business ideas.

3.   Affliate marketing

If you already have a blog or a social media page with a loyal community, you can earn extra income by partnering with brands to advertise their product or services. That way, you could potentially make some money when anyone clicks the linked products and makes a purchase.

4.   Selling your expertise

If you have a talent for teaching with superior knowledge on certain topics, you can teach them virtually. You could either create educational digital products or organise periodic mentorship courses to monitise your expertise.

5.   Freelancing

In recent times more people are switching from their full time jobs to pursuing freelance careers, because 60% of these freelancers are making more money than they did in their previous jobs. If you’re looking to make this switch, it would be best to leverage your already existing skillsets either on freelancing platforms like Upwork and Fiverr, or create your own service based websites.

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6.   Start a day care

Childcare is in demand and the market is currently valued at $60 billion. If you are good with children, offering local daycare service to parents in your area is a great way to rack in extra cash.

7.   Airbnb management

The Airbnb industry is a goldmine and your role as a manager would typically involve managing property listings and bookings, providing customer support, as well as maintaining the property. All you need to do is research the industry nuances to get started right away.

8.   Cleaning services

The global home cleaning services is set to increase to $10 billion dollars by 2026. With the hustle and bustle of 9-5, the working population are left with not enough time to get their spaces in order. Therefore, positioning yourself as an home cleaning service provider can be a profitable venture.

9.   Professional photographer

If you find that getting the right angles when taking pictures for your friends is your superpower, you might want to earn from your knack for professional pictures. Take out time to improve your skillsets and build your photography portfolio because there’s a lot you earn in this sector.

10. Pet sitting

Monetise your love for pets by starting a pet daycare. Pets owners feel more at ease when their pets are in good hands when they have to be away. You can make a huge chunk of money by offering to watch their pets in your home for a fee.

We hope you find our suggestions helpful!

Digital Marketing as a Side Hustle

January 23, 2023 By in Freelancing/Self-employed Tags: , , , , , , 2 Comments

*Collaborative post.

Digital marketing is now such a powerful tool and every business needs to make the most of it. Having an online presence massively impacts your business, and it is safe to say the more you make use of online platforms, the more audience your business would reach. I got into digital marketing a few years after I set up Fashion and Style Police, and it was definitely a learning curve and I learned a lot in short amount of time. It was a fun experience and I got to work with so many amazing clients by taking care of their blogging outreach and doing their PR.

Small business tips

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Digital Marketing as a Side Hustle

If you are thinking of getting digital marketing as a side hustle you are reading the right post. Here are some quick tips for you.

Choose the right online platform

There are so many digital platforms to choose from, so take your time and choose the right online platform to suit your needs. If you are setting up a digital marketing, I would suggest you set up a website and make use of as many social media platforms as you can manage especially Twitter, Linkeldn, Facebook, and Instagram.

Do your research

It is important you do your research before you embark on a new side hustle as a digital marketer. Read as much as you can on the areas you are interested in and pay attention to the trends. There are so many useful resources online to guide on this journey, so make the most of the information.

Get some work experience

Another great way of stepping into the world of digital marketing is to get work experience. If you are looking for a great PPC agency for work experience, a quick online search will guide you in the right direction. All you will need to do is to fire off some emails or messages on social media to relevant parties to find opportunities for work experience. Learning on the job is a great way to see if digital marketing is something you would enjoy as a side hustle to begin with, before you invest more time and money.

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Remember it takes time

Everything takes time, and slow and steady wins the race, so take it easy. Don’t compare yourself with others who have been in the digital marketing game longer than you. Do something small towards to your side hustle goal everyday and you will eventually get there. You only need 1 client to start off your side hustle gig.

Don’t leave your full-time job

If you work full-time, don’t leave your job just yet. Hold on to the pay check you are getting to start off your own business. Wait to see how your side gig starts off before you even contemplate leaving your full-time job.

Are you into digital marketing? Do you have any tried and tested tips to share? Please sound off in the comments section below, let’s chat. Thanks for stopping by. Have a good one.

 

 

5 Small Business Tax Tips

January 22, 2023 By in Freelancing/Self-employed Tags: , , , , , Leave a comment

*Collaborative post.

It is the start of the new year and it is a great time to get finances ready. If you are a small business owner, it is super important to stay on top of your money as this will allow you run your business more smoothly. Staying on top of your business finances also helps when it comes to sorting out the business tax. Once you are on top of your money, your will most likely find the tax season stress-free. If you are wondering how to stay on top of your small business tax, here are 5 small business tax tips you may find handy –

(Note – these tips are for informational purposes only and not a substitute for professional accounting advice)

5 Small Business Tax Tips picture

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5 Small Business Tax Tips

Keep accurate records

It can be tricky to stay on top of finances especially when the business is really but it is important to ensure you keep accurate records. Once you have accurate records, the whole tax season will be less stressful as you will have the records ready which will ensure you pay the right tax quickly.

Hire a qualified accountant

The best way to have a stress-free tax season is to hire a qualified accountant if you can afford to. A quick online search will bring lots of results for qualified accountants in your area. You could also ask around for a recommendation. It is important you hire ac competent and qualified accountant, so do check certifications before you hire.

For instance, if you are thinking of checking accountancy membership organisations UK to find qualified accountants, ICPA is one to check. Qualified accountants are usually part of a membership organisation for accountants in practice in the UK, so it is worth checking to see if the accountant you are thinking of hiring is part of a membership organisation.

Start early

I am an early bird and I like to do certain things quickly. Filing the tax returns early means you don’t have to deal with the crazy last minute rush. It also means you don’t get any surprise last minute tax bill. Once you file your tax returns early, you can conveniently spread the payments for your tax bill and that alone takes the pressure off.

Use an accounting software

If you can afford it, use an accounting software to keep accurate records, provide accurate information, and help minimise errors. A simple spreadsheet can do the work for you but for an easier and faster experience, go for a quality accounting software.

Set money aside for your tax bill

This sounds like common sense but the truth is it is easier said than done. Have some money saved up for the tax bill definitely helps and takes the pressure off. If possible, put some money aside every month towards the tax bill.

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Are you a small business owner? What do you think of these tips? What is your number one small business tax tip? Please sound off in the comments section, let’s chat. Thanks for stopping by.

 

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