Thanks for visiting our site. In this article we provide you our 4 best business ideas. And also step by step guide for each and highlight some potential roadblocks of startups. We as well show you the ways for getting around the challenges.
The world is changing and more people are getting dissatisfied with just being employees, and working from 9-5. The desires of employees have changed from extra bonuses to a drive for self-employment and remote work.
This trend was always going to come around, however, the COVID-19 situation seems to have hastened the timeline. The order to stay indoors exposed a lot of people to the wonders of remote work, and the countless opportunities that exist on the internet.
Seeing this trend, we have decided to curate a list of opportunities, startups ideas, and tips that will help you in your journey to self-employment and increased freedom.
The first of these ideas are dropshipping.
1. Dropshipping
Dropshipping is the process of listing products from a supplier on your website or platform without actually purchasing or physically stocking those products. When an order is made for the products, you then reach out to the supplier to deliver it to the client. Of course, this requires that you already have a discussion and contract with the supplier of such a product. This method of supplying goods ensures that your cash is not tied up in stocks of goods that have not been bought, and also costs far less than buying and reselling. However, the profit margin is usually lower than buying stock up-front.
How do you get started in dropshipping?
Major Steps to Dropshipping!
The first thing is to find a niche that is profitable or is trendy. Secondly, conduct a great level of research to find reliable supplier for the niche you picked. Effective dropshipping is done when you find the right products and right suppliers at the right profit margins.
Where are best places to check for dropshipping suppliers?
There are certain websites which give you access to reliable suppliers like AliExpress, Banggood, Esources, Bigby and Reddit to mention a few.
The next & third step in dropshipping after your supplier research will be setting up an online store.
One of the easiest ways is to get started on an eCommerce platform such as Shopify and E-bay. You could also get a developer for a personal website.
In this regard, ElrohiVision is here to help you with store development and hosting service for your business.
The forth step is the marketing side of the model. Marketing is a common step for all business models regardless of categories of business your preferred niche or product is grouped. This means, the marketing fundamentals remain the same. This is because of the fact that you can leverage any marketing skills you may have previously to helping you engage with potential customers and for conversion that would follow. It is okay if you don’t have any clue where to start marketing for your dropshipping products.
There are several ways where you can leverage the social media connections like Instagram and Facebook and where you can use also Ads services though it must be carefully managed specially when your budget is tight.
Word of mouth is the strategy that you should be using straightaway. We are live witness it brings great results, particularly during your early stages. Word of mouth constituted the largest share of ElrohiVision’s revenue during startups. It is so powerful strategy use it brightly!
Email Marketing & campaigns is another marketing strategy you can use to as your audience lists grows. After this, all you need to do is refine, optimise and upgrade as you learn and monitor your business model & system more.
If you want us help you more in choosing profitable niche and reliable suppliers, please message us using the contacts! Use my contact details on description section below! My company can also provide you with setting up an online store at a very affordable & secure hosting environment where costs of your startups kept substantially low. Our graphics and branding as well as video graphics services are here for marketing aspects of your business to get help.
Our highly recommended startups business after dropshipping is blogging.
2. Blogging
Blogging is another home-based business model that can serve as a gateway to self-employment and freedom. Blogs are online magazines and information resources that people visit to learn about various topics. Blogging was one of the first business models that were explored with the advent of the internet, and it has grown very large today with over 4 million blogs published per day.
This makes the blogging industry is competitive, but not to worry, there are several new bloggers today who are doing quite well for themselves.
How to get started as a Blogger?
The most effective and successful blogs always have a niche. You also must decide the niche for your blog. It could be travel, tech, lifestyle, books, diet, amongst other things.
It is highly advisable that you choose a niche that you are familiar with in a similar fashion discussed on dropshipping model. Doing so helps you provide an engaging good value content to attract more audience.
Secondly. get your blogging web services like a domain name, hosting, and create your website using builders such as WordPress and WIX. We can also help you with web services, just get in touch! You can also get on platforms like YouTube if you are into video blogging.
The ways to make money through blogging include affiliate marketing and the sales of personal digital products. Affiliate marketing allows you to put up links to certain products, and every sale that is made on such products through your link guarantees you a commission set by your affiliate service provider. The other way is to create products that relate to the content that is on your blog and sell those products.
To do well as a blogger you must have a great content plan and calendar and you must also ensure that you have expertise or at least hands that have expertise at witting, design, editing, etc. But don’t be scared of this as you can always enhance your skills by learning, focusing & making great commitment for your vision.
Our number 3 opportunity that will help you achieve your dreams of self employment is Virtual Assistance job.
3. Virtual Assistance Job
If you are an organised person and have great experience in administration, this can be a great home-based, remote work for you. These days several people are in search of assistants who work remotely and can take care of tasks for them such as ordering equipment, managing schedules digitally, processing data, and carrying out research online.
How can you get Started as a Virtual Assistant?
The easiest way to start the virtual assistant job is to get clients on platforms like Upwork. Here, you can share a portfolio and get a client. You can then move your relationship with such a client outside of the platform. As you expand, you can move forward to creating a virtual assistant agency where you connect clients with virtual assistants. Of course, the agency should be remote as it saves cost and ensures that the perk of this being a home-based work, remains.
The last and the forth business idea we assessed and screened for you is freelancing.
4. Freelancing
Many individuals are convinced that freelancing is the future, and you could jump on this ship that allows you to work on several projects and contracts simultaneously from the comfort of your home. This model also ensures that you can decide when to take on jobs and when not to.
What are the Steps for Starting Freelancer Job?
To be successful at freelancing you must develop competence in a particular skill or a set of skills. Popular skills that are currently on demand include copywriting, web design, videography, content creation, digital marketing, and graphic design and so forth.
After gaining competence in your chosen skill or skills, the next thing is to make your services available on platforms that are built for freelancers such as Upwork, Fiverr, Freelancer, etc. You might find long-term gigs with companies and individuals from these platforms.
You can also get gigs on LinkedIn, Instagram, Facebook, and Twitter. The key to getting gigs on these platforms is to follow the right people (people related to your skill), and the right hashtags.
We covered all the 4 opportunities and business ideas we recommend and share with you today. As a recap, these business opportunities & ideas are dropshipping, blogging, virtual assistant, and freelancing. We covered brief descriptions and steps and requirements to get started.
Let us draw your attention for a few moment! The discussion is all about opportunities! Isn’t it!? But what about threats!? Every business has its own opportunity and threat. So, we’ll take you through some of the potential roadblocks that startups businesses are likely facing too!
Several people are eager to start-up businesses and seek self-employment. However, certain challenges and threats prevent them from venturing out or even frustrates those who have ventured out already; forcing them to return.
This article will take a look at these roadblocks that threaten the opportunities that individuals have, and how these challenges can be bridged.
1. Lack of Funds
Even though there are several affordable opportunities on the internet that individuals can leverage in beginning start-ups and to gain home-based employment, many of them still require a good deal of funds that several people do not have. Whether it is starting a blog, or learning a skill that can be offered, the need to get money is very obvious.
This particular roadblock doesn’t only exist for online business start-ups alone, even those that are on-ground have this problem, and perhaps to an even larger degree.
What are the ways to Go Around lack of funds?
Many of the opportunities for businesses online have free versions, free trials, or subsidised rates with massive bonuses. Online entrepreneurs must leverage these to get started and to learn all that they need to learn to increase their earning power. For instance, learning a skill on LinkedIn Learning Free Trial can provide the platform to earn more on Upwork Access to Experts and Talents.
2. Lack of Technical Skills
Another threat that we would like to point out here is the lack of technical skills. Many times, entrepreneurs need skilled hands in getting started on certain parts of their businesses, but they can’t seem to find help. For instance, an individual wants to begin blogging. They know how to write and create content but they don’t have developer skills to get this done.
This person needs someone who is great at getting a domain, setting up hosting, among other things. The lack of access to such professionals could frustrate his plan on starting blogging.
So how would you be getting around this roadblock?
These days, startups don’t need to have the technical know-how or even have a friend who does. All they need to do is research the internet for the service that they need, and more often than not, they will find companies or individuals who are available to help. For example, ElrohiVision helps bloggers set up hosting for their blogs. The great thing about this is that many times you are exposed to far more experts online than you could ever know offline.
3. Fear of Failure
Fear of Failure is a mental and psychological one but a very real one all the same. Failure is something that entrepreneurs and start-ups must develop a thick- skin for.
The only solution to defeat the fear of failure is to fail, fail often, but get up quickly! Allow yourself to lose but promise yourself to always see failure as a way to learn and a path to succeeding at another time!
Let us wrap up
There are several opportunities for start-ups to start, grow and thrive. Consistency and dedication must meet these opportunities to produce admirable results and to overcome possible threats. Challenges are part of every human endeavour; however, the beauty of humanity lies in our ability to rise above challenges. Startups must be ready to do this as well. That way, you enjoy beautiful success!
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