How to Start Your Own Business the Easy Way
Maybe you can see your steady day job disappearing due to the changes caused by Covid-19 or maybe you are just tired of your Corporate job? Read on!
Start With a Sidegig
Don't dump your day job until you have an additional income stream coming in. What kind of things can you start as a side hustle? Because a side hustle take the fear out of entrepreneurship. You can take the time to build up your business before you leave a steady paycheque.
For example, take your current day job and look at your transferable skills.
Current Day Job = Teacher
Transferable skills = speaking, designing programs, writing, presenting, creating
Entrepreneurial opportunities = certified coach, creating courses on your topic specialty, teaching others how to create courses/webinars, writing a novel, writing a ‘how to book’ such as ‘how to be a dynamic teacher’, teach via Udemy platform.
Current Day Job = Fitness instructor
Transferable skills = great at exercise activities, believes in a healthy lifestyle, trainer skills, communication skills, program organization.
Entrepreneurial opportunities = Create healthy food line of frozen products to go such as paleo foods with home delivery, launching a natural skincare product line, mobile personal trainer to executives, network marketer for products in related fields of health/nutrition/exercise.
Turning a hobby or interest into a side hustle is another alternative. For example, you might be a math teacher but piano or art might be a hobby that could also translate into a side hustle.
Sell on Amazon
If you cannot think of anything that really comes to the top of your mind, then hundreds of people have turned into Amazon sellers, making plenty of money with this side hustle. The easiest way is to become a reseller, called Retail Arbitrage. Basically, in retail arbitrage, you find a product in a retail store and re-sell it at a higher price on Amazon. It is surprising what items you might be able to find at a deep discount on a seasonal clearance that you can re-sell at a high profit.
If you want to learn more about selling on Amazon, listen to our podcast with Janis Carmena who explains the whole process and can get you up and running as an Amazon seller in no time!
Success Tips for a Side Hustle
Learn as much about your new product/service as you can before you launch
It doesn’t have to be a perfect product/service
You have to be able to make money
Start small without a huge outlay of cash
Dedicate a minimum of 16 hours a week to your side hustle
Take action steps (baby ones) every week
View failure as feedback, nothing more
To read more about side gigs, check out our full blog post: