Leaving the nine to five grind and starting a business comes easy to no one, but the benefits of self-employment are worth the dedication it often demands. The freedom and fulfillment that comes with setting your own hours, making more money, and doing what you love are what dreams are made of.
It’s good to know then, that the hurdle to self-employment has lowered drastically in the past few years. Thanks to technological advancements and the rapid growth of gig platforms, there are now far more ways for anyone to start their own hustle. Let’s take a look at some lucrative business opportunities for the self-employed.
Despite being around for almost as long as the internet itself, blogging is still a viable source of income and a great way to share your thoughts and ideas with the world. According to statistics from Ryrob, over 77% of internet users regularly read blogs. Income can be generated from revenue streams like sponsorships, email, and affiliate marketing.
Today’s bloggers are creating profitable content on topics ranging from cooking to travel to lifestyle to wellness, business, and everything in between. It largely comes down to finding the right niche and a way to stand out from the noise.
If you’re an expert at something, the chances are that people will pay to learn from you. Websites like Udemy are built on this idea, serving as marketplaces where anyone can take their skills and sell them as an online course. Many entrepreneurs have found great success in doing this, though it largely depends where your expertise lies.
The Sharing Economy
When it comes to the sharing economy, new apps are popping up around every corner, and there’s virtually no limit to how many of them you can leverage. You can walk dogs and take care of pets through Rover or Wag, rent out a spare room through Airbnb, drive for Uber or Bolt, rent your car out on Turo or deliver food through Postmates and DoorDash.
If you have a creative side that your current job isn’t letting you fully express, then entering the freelance design industry may be the solution. Whether it’s logo design, digital art, 3D modeling, architecture, or even web design, there are many avenues to choose from depending on what you’re most skilled at.
As for finding clients, you can opt to contact businesses directly or work through gig platforms such as Upwork, Freelancer, and Fiverr.
Another way to leverage your expertise in a specific field is to become a consultant. If social media is your thing, you can start by consulting for brands and influencers – and possibly work your way up to creating a digital marketing company. You can find the demand for consultants in just about any field, especially among small businesses that need expert advice.
These are just some of the countless business opportunities available out there for those looking to become self-employed. Take a moment to think about what you’re most skilled at. From there, it’s simply a matter of finding a way to leverage your abilities.
Are there other business opportunities that we didn’t name them? Please let us know.
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