Five Online Business Ideas To Pursue If You Have Been Laid Off or Furloughed - Atlanta Small Business Network

Five Online Business Ideas To Pursue If You Have Been Laid Off or Furloughed - Atlanta Small Business Network


Five Online Business Ideas To Pursue If You Have Been Laid Off or Furloughed - Atlanta Small Business Network

Posted: 14 May 2020 11:01 PM PDT

In April of this year, the U.S. economy lost 20.5 million jobs. These staggering job loss figures have resulted in the American unemployment rate jumping to 14.7 percent—the most rapid decline since The Great Depression. Additionally, these numbers may not represent all who have lost employment. 

Many are facing the fear of not being able to pay bills or ensure their financial security. Fortunately, even amid these unstable times, there are ways to make an income still even if you have been laid off or furloughed. 

Today, many professionals are creating online businesses to bring in additional income. Wondering what your options are? Below are some ideas you can pursue to start a small business online if you are dealing with a job loss. 

Start a Freelancing Business 

The gig economy is growing, and freelancers are at the heart of this emerging way to make money. By 2027, it is estimated that almost 87 million Americans will be freelancers. You can get a jump on the masses and start making money online using your skill sets. Whether you can write, code, design logos, or enter data, there is money to be made by capitalizing on your skills. Online freelance marketplaces like Upwork, Fiverr, Guru, and Toptal make jumping into freelancing straightforward. So, create a portfolio, sharpen your resume, and create a profile to get started. 

Give Reselling or Wholesaling a Try 

Both tactics can be lucrative. Reselling is merely selling a smaller number of purchased items while wholesaling requires you to  buy items in bulk to sell. You can start small and begin selling things you no longer use in your house and then focus on acquiring goods at a discount to sell at a profit on platforms like Amazon or eBay. Wholesaling does require a business license, while you may or may not be required to get a reseller's permit depending on your tax situation and where you are selling items. So, be sure to check out the business designation requirements in your state. 

Start Writing and Selling Ebooks 

Is there a topic that you either know a lot about or are interested in researching? If so, you can make some decent money writing ebooks. Amazon and other online bookstores make it easy for you to design and sell your book online. You can use platforms like Upwork or Fiverr to find editors and book cover designers at an affordable price. Regarding marketing, many self-publishers use platforms like Twitter, Reddit, and Instagram to promote their work. Ultimately, writing ebooks is a flexible and passive way to generate income online. 

Help Companies with Facebook Ads and SEO 

Especially now, companies are looking for more ways to engage customers online and encourage them to buy. Facebook ads have become a popular way for companies to generate leads. On the other hand, companies are also heavily investing in SEO to increase their webpage rankings. Both are hallmarks of digital marketing strategies and are in high demand as many small businesses are still trying to figure out how to make these tactics work for them. If you know how to generate leads and revenue with these practices, you stand to make a decent income from companies who need this support. 

Invest in Dropshipping 

Unlike reselling or wholesaling, dropshipping allows you to sell products without having to handle the inventory yourself. You can create an e-commerce store and then sell other people's products as well as your own. From there, another company will handle manufacturing and shipping. A significant upside to this business idea is that it can require a lower startup cost and has a smaller barrier to entry than wholesale. While quality control can be an issue, dropshipping can be successful if you work with trustworthy vendors.

This Step Could Be an Introduction to a New Chapter

It is never easy to deal with job loss. However, you may end up finding an opportunity that suits you better than your previous employment. An online small business allows you to be flexible in how you make money and can help you gain financial independence by enabling you to pursue ideas that can generate passive income. Again, this is a challenging time, but methods like the ones above can put you on the path to become a successful business owner and ensure your financial security. 


The Atlanta Small Business Network, from start-up to success, we are your go-to resource for small business news, expert advice, information, and event coverage.

Follow us on Facebook here and stay up to date or catch-up on all our podcasts on demand.

While you're here, don't forget to subscribe to our email newsletter for all the latest business news know-how from Atlanta Small Business Network.

10 awesome ecommerce business ideas to try in 2020 - AZ Big Media

Posted: 12 May 2020 09:04 PM PDT

Do you want to try your hand at and/or grab online business opportunities?

The spread of the COVID-19 virus has a lot of businesses closing and shutting down worldwide. That also affects workers. Today, 20.5 million Americans are dealing with unemployment caused by COVID-19.

One way people are dealing with this crisis is by venturing into eCommerce. In this guide, we'll help you by providing 10 great eCommerce business ideas. Keep reading below to see these 10 ideas and how you can develop them to suit your business style.

1. Social Media Consultancy

Do you often spend your day on any of the various social media platforms? Are you great at managing your various social media accounts? Put your time on social media to good and profitable use by becoming a social media consultant.

Note that you'll need more than 800 hours on social media to become a consultant. A background in social media marketing is a necessity as well. Knowing photography basics is useful when helping clients manage visual platforms like Instagram.

2. Affiliate Seller

Use your love of a certain line or type of product as an eCommerce focus. Become an affiliate seller or marketer. Your job is to help brands sell their products by talking, writing, or making videos about them.

If you like tech or building computers, make a review blog. If you love playing around with makeup, create a YouTube channel, and talk about them there. Sky's the limit with affiliate marketing.

3. Web Developer & Web Designer

If you have a background on web development, this is your time to shine. If you don't have any experience in web design, you can learn the trade from online tutorials and classes. Don't worry because many tools can help with the job.

If you're more creative than technical, pick to learn the basics of web design. It's all about making a striking yet functional website for clients.

Many businesses are looking to make their presence known online. Become a freelance web developer or designer now while the market is wide and open. As a tip, practice often.

4. Content Writer

Does your forte lie in writing interesting content? If your answer is yes, create an online store where you can sell your services. As more businesses turn to eCommerce, not all have the skill for making interesting content.

For example, there's a small business owner with an automotive eCommerce site. He's good at fixing cars and is passable at website design, but he needs compelling content to get more visits. He'll want your services to make that possible.

If your writing style is more technical, you can make instruction manuals or transcribe scientific results.

5. Virtual Assistant (VA)

Do you have experience in the administrative department? If you're great at organizing and task management, this is the perfect eCommerce job for you. As a VA, your work includes tasks like data entry, answering calls, and scheduling meetings.

You can even open an online VA business without previous experience. Offer your services on platforms like TaskRabbit or Zirtual. If it's your first time, start slow and focus on one client until you get the hang of it.

6. Niche Market eCommerce Dealer 

You'll find that there will always be customers for all kinds of online businesses. Both the audiences and businesses in small niches want to find each other. A niche eCommerce marketer helps those two parties find each other.

Help businesses in a small niche reach their target audiences through your store. Act as the middleman and sell a manufacturer's products to your customers. Create a small retail store that sells the products in that niche and focus on those products only.

7. Online Tutor

How good are you at explaining things and getting people to understand vague ideas? If you're awesome at it, why not become an online tutor? You'll need tools for video chatting, expertise on a subject, and a passion for sharing knowledge.

You can even tutor foreigners who want to learn your mother tongue. You can even share educational content on small niches like farming or e-sports. Don't forget to set aside a budget for putting up your ads on sites like Craigslist.

8. SEO Consultant

Here's another eCommerce business idea for those who're willing to learn a new skill. SEO or search engine optimization is the lifeblood of digital marketing. It's also easy to learn from free and paid online courses and tutorials.

SEO is manipulating a brand's content and marketing so it'll appear first on web search results. It's using keywords, content structure, and analytics data to understand visitor behavior. It's an eCommerce business that offers eCommerce services.

Like other skills, note that understanding and mastering SEO takes time.

9. Digital Health Services

Healthcare providers focus on rising coronavirus cases. This means people with less urgent concerns get less attention. You can help mitigate this problem by setting up a digital health service business.

It's one of many online business ideas that offer life-changing help. Your job is to help patients and healthcare companies find each other online. It's as simple as selling and marketing healthcare products for patients that need them.

You don't need to be a doctor, but you'll need reliable sources for this line of eCommerce. You also need to make sure that the products you're selling aren't counterfeit. Remember, you can affect not only the health but also the lives of others.

10. Remote IT Support

For the last of our eCommerce business ideas, we'll discuss IT and tech support. As we mentioned, more small businesses are creating their websites to get an edge on the competition. However, many small business owners are new to eCommerce.

Your job as freelance remote tech support is to help smoothen out the kinks in their setup. Help small business owners, especially the older ones, become a little more tech-savvy. As a freelancer, your advantage against IT teams is that you have affordable services.

Use These eCommerce Business Ideas Now

The initial expectation for eCommerce is that it'll represent 12% of total retail sales in 2020. However, when the coronavirus hit the US and other parts of the world, this expectation shifted. We can see that it'll embody more than 12% of the year's total retail sales.

That's it for our list of eCommerce business ideas. We hope you picked up something useful on our list. If you want to know more about eCommerce, check out our other guides.

Top Business ideas in Chennai | Covaipost - Covai Post Network

Posted: 21 May 2020 12:00 AM PDT

TCP : ADVERTORIAL

India is going through tough times nowadays and there are lots of people losing jobs daily. Moreover, there isn't much that can be done after a person loses his or her job suddenly. When people who are working steadily and aren't expecting to lose their jobs get unemployed suddenly, the really isn't much he or she can do about it, nor can the person think clearly about his or her next move, so as to keep his or her family unscathed.
Also, these days, a lot of young minds are graduating and the availability of jobs is limited. Hence, a good percentage of youngsters are moving towards creating their own establishments and being self-employed. But still, even though these people want to start their own businesses, some of them do not have the slightest ideas regarding what their work is going to be about.

Hence, to solve all such problems, here is a list of business ideas that the people in Chennai can think about.

1.Pet Shop and Pet Care Service

Who doesn't love pets? Almost 70% of households in Chennai today have pets. Hence, all of these people need pet care services and for that they need pet shops.

Starting a pet shop is one of the most profitable businesses in Chennai. This doesn't even require much capital to be invested. The steps are:

a.Search for agood location for setting-up a store and also get a website designed for the same.

b.There are very few companies that sell pets online. Hence the competition is very little.

c.Contact the wholesaler and place order for the pets which are in high demand in the area.

d.Use advertising media such as newspapers, search engines, magazines, flyers, etc. for getting the shop advertised.

e.Start receiving clients.

Combine your efforts with a business loan in Chennai. You can relax; no emergency will interrupt the growth of your business.

2.IT Service

As a matter of fact, Chennai is the second largest exporter of information technology in India. If this is the field where anyone wishes to start a business in Chennai, then he or she wouldn't have worry about profits.
The steps that can be followed are:

a.There are a lot of options in the information technology industry for starting up a business. A person needs to choose the one which he or she can easily handle and work on.

b.There are a lot of freshers and experienced people out there who are looking for jobs in the IT industry. Hire some of these talented fellows.

c.Contact some of the medium-sized IT firms for contracts and deals.

d.See to it that you have the funding required when times get tough. It may happen any time. The best option is to apply for a business loan in Chennai.

e.Voila! Start earning!

3.Website for Social Influencers

Social influencers are popular on social media like YouTube, Instagram, TikTok, etc. and have a great impact on the society.

Now, many big brands need such social influencers to feature in advertisements related to the promotion of their brand and products, and these people also get a lot of money to get featured in there. Hence, designing a website which will help such big brands getting in touch with the social influencers is a pretty good business. The steps are:

a.Hire a developer and get a website created and designed.

b.Contact a social media influencer. A medium-level social influencer will agree to get in touch quickly.

c.Add these social influencers to the website and add all the details like their social media account, their work, their no. of followers, etc. to the website.

d.Advertise them and collect money from brands for getting in touch with them.

4.Franchise

A lot of outlets and chains offer their franchise to people who are willing to accept the terms and conditions of that particular brand. The most important thing here is that when starting a franchise, there is no requirement of any sort of advertisement. The brand is already famous enough to attract customers on its own.Steps that can be followed are:

a.Select a niche.

Decide the segment on which the franchise needs to be obtained, for example, food, clothing, accessories, etc.

b.Find the franchiser.

Just google the name of the brand and type in the need of franchisers. Many options will be made available.
A good franchiser will make all of the work easy.

c.Agreement creation and acceptance.

Choose the time period for which the franchise is going to be run.

d.Payment.

Royalty money, service fees and management fees need to be paid.

e.Training.

All the training required to run the franchise will be provided by the franchiser.
You won't even have to worry about finances. Franchisers that offer business loans in Chennai at low interests abound in number. It is highly recommended that you get from them. They know the possibilities and will work with you.

5.Tempered Glass manufacturing

Manufacturing of tempered glass is one of the best businesses one can start in Chennai. Its growth rate is touching the sky. It is all happening because of the enormous number of smartphones that are sold every day.
In 2017 almost 3 cores of smartphones were sold in India alone. Every customer also bought tempered glass along with it. And almost every people buy at least 2 tempered glasses in one year.

By starting manufacturing of tempered glass, a lot of money can be easily made. It is a very profitable business in Chennai. And if funding is an issue, you can happily take a business loan in Chennai.

The best thing about this business isthe tempered glass can even be manufactured inhomes.

6.Maid service

In today's modern world, almost everybody requires a maid to keep their household neat, clean, tidy, and in a hygienic condition. But, finding the proper and suitable maid is one of the most difficult tasks that a family has to do.

Hence, one idea is to start a maid service company, which will provide maids to all families that require one. The steps that can be followed are:

a.Finding maids:

Usually, women willing to work as maids can be found in slum areas or nearby villages.

b.Getting a website portal:

A website developer can be easily found in Chennai. Approach the person and get a website portal designed.
c.Get clients:

Through the website and other advertising media, get in touch with clients and voila! You have gotten yourself a business!

You may also apply for a business loan in Chennai. This makes sure that you have sufficient funding to expand your operations when time comes.

Subscribe To Our Newsletter

Comments

Popular posts from this blog

10 Best New Age Business Ideas - CT Post

COVID-19: New business ideas emerge as people work from home - The Jakarta Post - Jakarta Post

The Benefits of Developing an Online Business - Tech Times