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Business and Recession: 8 Tips and Ideas on How to Build a New Business in 2021

Business and Recession: 8 Tips and Ideas on How to Build a New Business in 2021

Pandemic has driven the world to an economical crisis. Stats show that the global economy shrunk by 5.3% in 2020. Also, in Europe 5 million people (maybe more) have lost their job.

But while most businesses have been affected by the pandemic (Lose sales and money), some have thrived, and keep growing. Some types of businesses tend to see massive growth during a recession.

Tips and Ideas on How to Build a New Business in 2021

So you can build a successful business during a recession. But you need to consider a recession-proof business model.

Here are some useful ideas and tips about how to build a new business in 2021

  1. Freelancing

Probably the best type of business in a recession is freelancing. It is easy, you can work from home, and you don’t have a boss.

During an economic crisis, most businesses are not looking for full-time employees. They are searching for on-demand workers to save money and remain flexible. Also, in most cases, freelancers are working more hours than regular employees.

A freelancing business now is a great back-up option. Also, you can gain valuable experience for the future, work from home, opportunities.

  1. Online Food Delivery Business

Even during an economic crisis, people still need to eat and drink. This is the reason why food and beverage is one of the most classic-value industries.

You can build an online food delivery business.

You can add your delivery service into the online delivery portals (like Ubereats), and then promote your business through social media.

  1. Reselling Products Online – eCommerce

In the first half of 2020, Amazon made a profit of 5.2 billion USD. That makes reselling products online an attractive option.

During a recession, many people search for used products because they don’t have the money for new products or they search for bargains or discounts. You can use marketplaces like Amazon or eBay to sell your used products to potential customers. It only takes a few minutes to set up an account and start selling.

You can sell your used books or clothes on Amazon. Then, you can become a professional Amazon seller or start your eCommerce business.

  1. Online Teaching and Courses

Schools have also been affected by the pandemic, most students now learning at home. If you have in-depth knowledge of a particular topic, you can create an online course and upload it to Udemy or any other online platform for courses.

You can teach anything that you are qualified to do. From fitness classes and writing workshops to cooking and makeup tutorials.

Online teaching is not only a great business model because you can make money with it, but you can gain satisfaction from helping people improve their skills and their life.

  1. Online Beauty Business

You might think that beauty and self-care are not important right now. But many studies show that people have spent more money on body and skincare products during the pandemic.

Skincare and self-care are important for many people (Especially Women). Since salons and spas are closed, the best alternative is to purchase such products online.

You will need many followers on social media to succeed with your online beauty business. So this business idea is best for influencers who already have a large number of followers.

  1. Virtual Assistance

These days virtual assistant is a great opportunity to earn extra money or even get a full-time job. During a recession, businesses cut off unnecessary costs. These costs also include expensive workers.

Many companies seek to outsource most of their tasks to virtual assistants. A virtual assistant works online and serves as an administrative assistant to entrepreneurs, CEOs, executives, etc.

  1. Repair Industry

Regardless of the economic crisis, roofs will leak, cars will crash, and doors will break. These are occurrences that do not depend on the economic situation. While this is frustrating for most of us, it is a gold mine for those in the repair industry.

The repair industry always booms during a recession because people often don’t have the money to purchase new items. If you are skilled in furniture, plumbing, mechanic, electric repairs, etc. This can be a profitable business idea.

  1. Information Technology

We live in the technology era. IT was the fastest-growing industry in the US economy during the Great Recession. With new tech devices invented daily, it is expected that the IT industry will continue to grow in the coming years.

So, if you are tech-savvy, this might be an interesting new business idea to make some extra money.

Many people hope that 2021 will bring a better future. But it’s important to yourself to create your future and your new business. You cannot wait for the future. You need to take action!

It’s time to create and execute a successful business plan. There are many types of businesses that you could start. You can look for an inelastic product or service that people need these days.

Search for business opportunities in the tech, healthcare, and education industries. The online world has many opportunities. Take a look at freelancing sites and probably you will find a job or a new business idea.

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Small Business Ideas: Tips for New Entrepreneurs

These small business ideas and tips are useful for new entrepreneurs. If you like to start a new small business you need to know that is not an easy task. You need to have courage, passion, and faith in your abilities. Never forget that you need to work hard. You need to learn new skills, and most important, never give up!

Here are some useful ideas and tips for new entrepreneurs.

  1. Business Consulting

You need to have knowledge and expertise about businesses. So you can use that know-how to start a new career as a business consultant. You can get paid to speak at industry conferences or events. Also, you can use your expertise to create a strategy for a new business.

  1. Marketing Service – Business Plan

Many business owners have an idea of how they want to market their business, but they don’t know how to create a marketing plan. They don’t have marketing experience.

You a marketing professional, you can work with small businesses that don’t have marketing knowledge. You can create their SEO strategy, generate ad campaigns, use inbound marketing tips, and help them to grow their business.

  1. Video Production

If you love to create videos, one of the best small business ideas is video production. With the popularity of video on social media, there is a demand for those who can shoot video, cut video, or both. (video production)

There are many courses online that can teach you how to cut and edit video using programs like Adobe or Final Cut Pro or even how to make videos with your smartphone. Technology is changing pretty fast.

Video production is a profitable business idea that you can start at a low cost, in your home.

  1. Podcasting

These days podcasts are very popular (trend). Many people are using this trend and turn a hobby into a small business.

Podcasting will require a small investment in audio equipment and editing software, but once you get started, you can talk, produce, and of course market your podcast.

  1. IT Consulting

Do you have experience with computers and other types of technology? If so, you can use this knowledge to start an IT consulting business. Many small businesses are hiring consultants to help them with installing, managing, updating, their technology.

As an IT consultant, you can offer remote services or on-site assistance, giving you more freedom and flexibility.

  1. Social Media Management

Social media marketing these days is a necessity. Many small business owners don’t have the knowledge or time. So many business owners need help managing their social media platforms. They need You!

  1. PR Agency Services

If you have a background in public relations a PR agency might be the perfect business idea for you. Small businesses often hire PR agencies to assist with their public image and presence. They need your help in business marketing, events, press releases, and more.

If you have a network of contacts in a specific industry, your services will be more attractive to businesses in that industry.

You can easily start your own PR business without spend time or money. You can use your contacts to help you in the beginning.

  1. Photography Freelancer

Professional photographers are in high demand for weddings, corporate events, social media photos, and more. You can build this business in your home. A freelance photography business has low startup costs.

Professional or freelancer photography is a great way to build a side income while working full time elsewhere.

  1. Graphic Design

If you have a background in design or art, then this business idea is amazing. Even if you don’t have a background in this field, you can take a course in graphic design. It’s not very difficult.

You will need some computer programs like Adobe or Canva. Also, you will need to find clients. So try networking with small businesses in your community or your local market. All the business owners need a well-designed website, online materials, email campaigns, and more.

  1. Freelancer and Content Marketing

If you like to write effective and quality articles, then a copywriting or content marketing creation service could be one of the best work from home small business ideas for you.

You know that ”content is king.” Many businesses (big or small) trying to produce high-quality blog posts, ebooks, white papers, and even video scripts. The need for quality content is evergreen (Never End).

  1. Website Development and Design

Every business needs at least a website to grow and succeed. But many business owners don’t know how to set up. So, if you’re an IT and design fanatic, you’ll have endless opportunities to build or set up websites.

You can use a platform like Upwork or Fivver to find your first clients. Then you can use your portfolio and recommendations to grow your business.

  1. eCommerce Store – Sell Items Online

These days it’s very easy to open up an eCommerce store and sell your items online. Also, eCommerce stores are open 24/7, and many people are loving to shopping online because of the pandemic. You need to market successfully your eCommerce store to attract more customers.

  1. SEO Agency

Search engine optimization (SEO) is the process of improving a website or web page’s rank for specific keywords in organic search engine results. An SEO agency needs to generate more visitors and leads by optimizing the client’s website, building links to the website, and using effective keywords.

It’s a low-cost startup business but it’s not so easy because search engines are changing pretty often their algorithms. So you need to create new SEO strategies to achieve higher rankings.

  1. App Development

Launching a successful app is not an easy task. But there are many resources to help you get started. App development is an excellent small business idea because many businesses want apps to improve their marketing strategy.

You can search online to find more ideas about small business. But keep in mind that only you know your background, skills, knowledge, etc. So only you can determine what kind of small business is most realistic and effective for you to start.

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Work from Home Business: Ideas and Tips to Make Money Online

These strange days (Pandemic) many people are deciding to start their work from home business and earn money online. If you are interested to build your work from home business here are some effective ideas and tips about how to start a successful work from home business.

  1. Affiliate Marketing

Affiliate marketing is a low-cost, popular, and easy way to make money online. You don’t need to have your products or services to sell. You earn commissions (make money) from other companies.

You promote the products or services of a company on your website, blog, or social media. Affiliate tracking links ensure you get the credit for the sales and you get a percentage of the sales (commissions).

You need to provide quality content to attract many people (target audience) who like to buy the products or services you promote. Affiliate marketing is very easy, but the competition is very high!

  1. eCommerce Website

Also, a very popular way to make money online is with an eCommerce website. People love online shopping and pandemic increase online sales. You can sell your products from your eCommerce website or you can use drop shipping.

Many people are using Etsy (a very popular website) to sell their products.

  1. Write and Publish e-Books

Writing and publishing e-books is a pretty effective way to establish yourself as an authority in your niche (topic) and also earn money online.

If you can writing e-books in popular categories like romance, science fiction, or mystery, you can attract a lot of interested people.

You can sell e-books on platforms like Amazon.com. Also, you can sell your e-books directly from your website and increase your profits.

  1. Become A Freelancer

If you can find enough gigs (jobs) you could become a full-time freelancer. Or you can become a part-time freelancer to test your abilities and your talents.

You can find gigs using freelance websites like Freelancer, Upwork, or Fivver. These days many businesses, brands, and marketers are searching for freelancers. Pandemic has changed businesses and the lives of many people worldwide.

  1. Create A Blog

It’s very easy to create a blog but it takes some time to attract a loyal audience. If you love to generate quality content you can make money blogging and work from home.

Niche blogs are very popular but you need to have an effective SEO strategy to get higher rankings and targeted traffic.

  1. Create Online Courses

Online courses can generate passive income if you know how to promote them. If you love teaching, online courses are a very effective way to make money.

There are many websites where you could post your courses. But as with the other online businesses, if you can establish a reputation, you can promote your courses through your website.

  1. Become a Virtual Assistant

Virtual assistants are like freelancers. They help their clients with various tasks. They can write or answer emails, creating documents, post on social media, writing articles, and more.

  1. Gigs or Micro jobs – Fivver

Many people are using Fivver to create gigs. Many beginner jobs on Fiverr only pay $5 but you can earn more with this platform if you can to create more advanced gigs or attract regular clients.

  1. Graphic Designer

Businesses always need graphic designers to help them creating logos, advertisements, posters, infographics, websites, and more. It’s a classic online job and you can work from home. It’s better to have a certification or a degree.

  1. Become a Tutor

A background in education is helpful for tutoring, but not necessary. You need to have skills (and talent) in one or more areas of study. If you know about a specific topic like math, marketing, IT, or science, you can help local students do better in their classes.

It’s easy to find work as a tutor. You can work from home via Skype or Zoom. You can advertise your services in your neighborhood, or even to local schools.

  1. Become a Personal Trainer

If you love fitness and you love helping others reach their goals, becoming a personal trainer should be easy for you. You could visit clients in their homes, or you can use Skype from home.

Last Tips

There’s a lot of competition online for many of these work from home businesses because of COVID-19. If you want to create a successful work from home business you need to have effective online marketing skills.

If you can learn how to successfully sell yourself, attract followers, and gain trust your work from home business will grow and succeed.

With a successful work from home business, you can create the life you want and feel happier than ever.

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Small Business Ideas for New Startups in 2020

Small Business Ideas for New Startups in 2020

The cost of startup a new business is pretty low. Especially for online-based businesses. Technology has made starting your online business easy and affordable. All you need to start a business online is a phone, a computer, and an internet connection.

Here are some small business ideas for new startups in 2020.

  1. Dropshipping

The formula is fairly simple: you purchase your initial inventory, create a brand, and market (advertise) your products online.

You can even use drop-shipping or Amazon fulfillment services to do the whole thing without a physical warehouse.

  1. E-commerce – Online Store

Opening an online e-commerce store is very easy these days. Yes, the completion is tougher, but you have access to a wide range of free tools that you can use to set everything up with very little effort.

Affiliate Marketing

Affiliate marketing is very popular and pretty easy to start. Affiliate marketers promote the products of other people and earn commissions on their sales. Amazon is currently the most popular platform for affiliate marketing, but there are many alternatives as well.

  1. Data Analyst

A data analyst is someone who has the technical expertise to do this, often has a background in economics, mathematics, or finance.

Data analysts who work for large, international corporations can earn more money.

  1. Digital Marketing Manager

Marketing now is more digital than ever. The job of digital marketing managers is to produce the best results possible.

You can start your career as a digital marketing manager by studying freely available online resources and experimenting on your own.

You’ll need to understand things like advertising, SEO, landing pages, email marketing, content marketing, and social media marketing.

  1. SEO Expert

Search Engine Optimization (SEO) is an absolute necessity for all online businesses.

A capable SEO expert can turn a dying business into a profitable business in a few months. No wonder then that the best SEO professionals can earn as much as software developers.

  1. Self-Publisher

Some self-published authors earn a lot of money yearly. All you need is a few freely available tools and the ability to write an effective and compelling book that will sell.

Also, you can use Amazon or other e-book stores to sell your e-books.

Of course, you don’t have to earn six figures to succeed with self-publishing. Just a few hundred extra dollars every month can go a long way.

  1. Social Media Manager

This business is ideal for someone who knows how to use social media to grow a business. You can use social media platforms like LinkedIn, Snapchat, Twitter, Instagram, and more. Also, there are some social media tools to make this job easier.

  1. Content Writer

Businesses of all sizes use content marketing to attract customers and establish their position as market leaders.

A content writer should be able to quickly digest complex topics and turn them into engaging posts that are well optimized for search engines (SEO Strategy). As such, it’s great for people who know a little bit about everything.

  1. Blogging

Blogging is alive and very popular in 2020. It’s still free to get started, but be patient: it will take a while to get exposure and grow your audience. These days, the competition is fierce. There are over a billion websites and blogs, and over 200 million are active. Good knowledge of SEO is essential, as is creating excellent content.

  1. Youtube Channel – Video Marketing

Video marketing and Youtube video channels are a very effective way to make money online. People love video and YouTube is the second larger search engine. Many businesses and marketers use video marketing to promote their products or services and grow their business.

  1. Crafts

If you are a crafty person, you can take a look at Etsy, the largest online market for crafts (homemade and vintage goods).

You will find an amazing mix of leather wallets, lamps made from river wood, unique t-shirts, jewelry, and many other things. Top sellers often expand beyond the platform, creating their brands and opening stores across the globe.

Also, you can use platforms like Shopify and BigCommerce.

  1. E-Magazine

These days it’s very easy to start an e-magazine. You can outsource everything online.

The subscription model allows you to know exactly how much money you will make the next month, and the global nature of the online world gives you a very large audience to target.

  1. Graphic Designer

A graphic designer may create digital or print design work, like website design and print layouts. Many designers use gig websites like Upwork or Fiverr. Competition can be fierce.

You can make from $15/hour to $300/hour. Developing an impressive portfolio can help you earn more.

  1. Online Course Creator

One of the most popular platforms where people can access massive open online courses is Coursera. It has more than 15 million users, who are hungry for knowledge. Such online courses go far beyond the traditional high-school classes.

If you have any skill or knowledge that you think people might be interested in, you can create your online courses. All it takes is a web camera and basic editing skills.

  1. Mobile App Developer

Mobile applications are more popular than ever, and people are willing to pay good money for effective and useful apps. If you have a great idea and know-how to code (or learn to code), you can run with it and create your app yourself.

  1. VR/AR App Developer – Virtual reality and Augmented reality

The virtual reality software market is expected to reach 24.5 billion dollars in revenue by 2020.

All you have to do is learn how to develop immersive VR and AR experiences. The internet is full of resources and communities of like-minded people to help you along the way.

  1. 3D Printing Services

3D printing is a new revolution! You can be part of this revolution if you just invest in a high-quality 3D printer and offer it to other people.

They will simply send you their projects for you to print and then come to pick them up or send them to in a box.

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Work from Home: Business Ideas for Teens – How to Make Money Online

Work from Home: Business Ideas for Teens – How to Make Money Online

These days the Internet has many opportunities for people to start a work from home business. Also, there are many opportunities for teens. Since teens have grown up on digital technology, they have a great advantage to start a work from home business, especially online.

Just like for adults, the best business for teens is a bit subjective. What might be ideal for one, might be a dud for another. When choosing a business, teens entrepreneurs should consider their talents, interests, and passions, and how they can monetize it.

Here is some work from home business ideas for teens.

  1. Local Services

Many teen business ideas provide services to the local community, and in most cases, the teen can start with little skill or experience. Instead, they’ll just need a willingness to learn and work hard.

Many people want and need help with a variety of tasks including:

Yard Work
Babysitting
Household Helper (household help such as cooking, cleaning, laundry)
House Sitting
Pet Sitting
Dog walking
Tutoring

  1. Crafts and Design

Creative teens can sell their works locally through a store or craft fairs. They can also sell them online either through their e-commerce website or through Etsy.

Further, sites like Café Press or TeeSpring offer the opportunity for teens to create a design for a t-shirt, mug, and other items that can be sold online. This eliminates the need for space at home for product creation and inventory.

Teens should be able to create a quality product. Great crafty items to consider selling include:

Jewelry
Art
Decorated T-shirts
Pillows and other home décor
Decorated glasses or mugs
Woodwork
Soap and spa products

  1. Digital Services

Growing up in the digital world, teens can provide online services to small businesses. While teens don’t need a degree or technical training, they do need experience and skill, which they often have built on their personal use. Some ideas include:

Graphic design
Web Design and programming
Video editing
Audio editing
Social media management
Virtual assistant

  1. Online Star/Influencer

The Internet is littered with celebrity teens who make money online simply by being themselves. Because they’ve generated a following, they’re able to make money through brands or affiliate marketing. Some effective ways teens can do this include:

YouTube: Starting a video blog on YouTube is a fun way to make money through ad revenue, brand sponsors, and affiliate marketing. A teen can take a hobby or interest and turn it into an online show.

For example, many gamers screencast their video games to share on YouTube. Other YouTube stars sing, provide beauty or fashion tips, deliver comedy, share lifestyle tips or insights, provide exercise tips, and more. Also, podcasting is another option.

Instagram: Similar to YouTube, teen Instagram influencers tend to focus on a passion or interest, such as beauty, fashion, food, pets, or life in general. For the most part, these highly followed teens make money through sponsored shout outs.

Blogging: Another great way for teens to profit from their interests or passions is through blogging. While teens seem to prefer visual content (i.e. video and social media), blogging is popular too and can expand on other influencer channels such as YouTube and Instagram.

  1. Other Ideas for Teen Entrepreneurs

App Business: Games, job search, homework help, and more! The need for apps will continue to grow and teens, who already use apps for fun and tools, are in the best position to create them.

Many community colleges offer courses in app development, or there are books you get to teach yourself.

Computer set up and repair: Most homes have at least one computer, if not more. But just because someone can search Google and buy from Amazon doesn’t mean they know how to set up their computer when they first buy it, or how to troubleshoot issues when something is going wrong.

For many families, the first person asked for tech help is a teen since technology is a regular part of their lives. Teens can take advantage of this by charging for computer tech services.

Baking Business: Cupcakes are extremely popular now, but they’re not the only baked good teens can make for a profit. Cakes, cookies, and bread can be baked at home and sold as well.

Baked goods can be consigned at local bakeries, stores or restaurants, or at the local farmer’s market.

Like all businesses, the success in a teen-owned business will come from the teen providing a quality product or service, and the ability to reach a buying market. So the teen should create a business plan and marketing strategy.

Starting a work from home business is a better way for a teen to make extra money over getting a part-time job. A teen can tap into his interests, passions, and experiences to make money.

A Useful e-book for You

Work-At-Home Secrets & Scams is a digital workbook to help you figure out what home-based business opportunities are available, and includes exercises and additional resources to help you create your home-based side income. https://www.bestprofitsonline.com/myblog/buzz