Fail-safe Supplemental Business Ideas
How many times have you wished for courage to start something of your own? If you always get the proverbial cold feet, then you are not alone.
However, as easy as it is to dream and plan, the reality is much harsher and even discouraging for some people. There are many prospective entrepreneurs who make the cardinal mistake of quitting their jobs just so that they can take a plunge into starting their own business.
You need to understand that there are a lot of steps between planning the venture to actually getting it off the ground. But most importantly, before you can jump headlong into it, you need to determine a secondary source of income that will help you stay afloat while your business is in its initial stages.
Starting a business takes time, money, hard work, and focus. Therefore, you are advised to have some savings to survive for at least a year before making such a huge change in your life.
So, what can you do to start your dream venture without crippling yourself financially? Here are some fail-safe supplemental business ideas that will help you stay off the ground and transform you from a reluctant entrepreneur to a prospective one!
Sell items at eBay
If you need money and you need it quickly, start by selling items around your house that you don't really need. Some people also monetize their skill and sell trinkets like handmade mugs, jewelry, clothing etc. The good thing is that you can set up an eBay store within minutes and you would not be required to pay anything upfront. However, you can use the power of social media channels to market your products and let people know about the items that are up for sale.
Leverage your network
If you have a solid local network, then you can try to connect with in-home sales schemes such as Avon, Stella, Pampered Chef etc. You may have to make small investments in the beginning to pay for samples and marketing collaterals, but after that it completely depends on your sales skill and how much you are able to sell. You may have to work hard but these programs can work wonders in financing your day-to-day needs if you are willing to go the extra mile.
For example, Aisha Best from California is one of the many women who worked with Avon as a side hustle but today earns her primary income from it, reports The California.
Use your communication skills
People with strong communication skills can use their talent to work as a freelance writer, proofreader, editor etc. They can also start home-based writing services. There are many companies who are willing to pay top dollar to people who can write quality posts for their blogs, publications, press releases etc.
Participate in an art show
If you are a proficient painter or a photographer, you can consider opening your own shop or set up an artwork show to raise funds for the big project. You can also consider selling your art online. Many artists these days launch themselves with a simple website and take orders from there. If you are good at what you do, then there is a niche market out there that is waiting for you!
For example, Ashley Longshore sells her paintings on Instagram for as high as $30,000. As a working artist for 23 years, Ashley sells to the elite and wealthy of New York City and she believes in building relationships first, as sales come later.
She recommends that if you have the skill, “don’t hide behind safe art. Say something in your work that’s important to you, and the right people will connect with that work.”
Reviewer of niche market products
If you are good at something, never do it for free. If you are a gamer, launch a website and start reviewing games. With some effort and good marketing skills, you will be able to make consistent ad income from it.
From writing blogs to marketing on Instagram, the opportunities are endless if you want to put your heart and mind to earning some income on the side. If your dream to start a business is marred by the lack of finances, then choosing from one of these side hustles will help you build finances so that you can focus on the bigger goal.