The conveniences of modern technology have made self-employment a lot easier than it used to be in the past. As long as you have the right idea and a will to succeed, all you need is a digital device with online connectivity, and the world is at your fingertips.
If you want to start a home business and need a good idea to get you started, we’ve compiled several startups that have all proven viable as a means of income for discerning entrepreneurs. From using a TradingView platform to owning a digital storefront, read on to explore six ways you can harness the power of technology to bring business to your doorstep.
Stock investment
Stock trades and spot trading take full advantage of the conveniences of modern technologies. Everything you need to become an expert trader can be found online, and any tool you need is always readily available, be it a trading platform or a live chat.
Investing your disposable income is generally regarded as a wise financial decision. Learning everything you can about how to invest will also give you experiential knowledge, which is invaluable for speculative investments.
The great thing about investing is how versatile it is. You can do it full-time, part-time, or simply use it as a form of supplementary income.
Content creation
Creating content for consumers is one of the best ways to earn a living online. Whether this content is entertaining, educational, or both doesn’t matter – the aim is to find a target audience who finds appeal in the media you create.
You could focus on music, videos, blog posts, or any other form of content creation. The only limitation is your desire to produce content, and all the tools you need are free and available to download at any time.
If you can produce worthwhile content, regardless of whether it’s making other people laugh or creating DIY guides, people will eventually take notice of your work. All it takes is one endorsement for the ball to start rolling.
Online retail
Nowadays, it’s incredibly easy to set up a digital storefront. Website design is as easy as photo manipulation on your smartphone, and a basic product catalog is all you need to start making a name for yourself.
You don’t even have to hire someone to get your storefront set up. Thanks to hosting services, you get a website template, all the design customization you need, and the ability to monetize through advertising from the very first day that your website is up.
Having products of your own doesn’t have to be the deciding factor here. You can also buy and sell goods as a third-party distributor. A good example of this is the recent trend of luxury reseller establishments.
Tutoring
Being an online tutor is a rewarding experience in more ways than one. Not only are you educating and enlightening others, but you’re also empowering yourself to become a skilled educator.
Most high-demand tutor positions are for teaching English in foreign countries. If you want to start a tutoring business, keep in mind that, unless you’re doing everything yourself, you have to hire tutors who will become representatives of your brand.
It’s important to remember that teaching isn’t easy, whether it’s one-on-one lessons or a classroom full of students. Being a good educator is a skill that needs to be mastered, and it will take time and experience for you to get it right.
Copywriting
Copywriting is a worthy pursuit for keen writers, especially if you have a way with words. Companies are willing to pay top dollar for a skilled copywriter, as the way a brand communicates with its audience is a critical component of profitability.
Like most things in life, your reputation is the key factor here. Entering any market usually comes with a fair dose of competition, and copywriting is no exception. Your work has to speak for itself, and you have to be willing to expose yourself to criticism.
Owning a copywriting business usually requires a degree in brand-related studies, but it’s not absolutely necessary. The only thing you really need is a talent for words and wording. If such talent comes to you naturally, then most of the legwork is already out of the way.
Graphic design
If you prefer pictures over phonetics, graphic design might be the perfect business to get into. Whether it’s logos, mascots, or color swatches, every business needs a brand image, and graphic design is integral to retaining a distinct visual identity.
Learning how to use Photoshop and other digital manipulation software is easy enough, but the true challenge lies in your ability to produce content that conveys the right message, which is a lot easier said than done.
In order to become a successful graphic designer, you have to find a compromise between creativity and customer satisfaction. In other words, you need to find a balance between what the client seeks and what you produce.