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Small Business: Top Opportunities for 2021 – Trends and Money

2020 was a disaster. Pandemic has hit businesses and markets pretty hard. Business trends and opportunities in 2021 are about technology, consumer preferences, and behavior.

New trends will help small businesses to grow sales, offer better customer service, and effective operation.

Here are some small business trends and top opportunities to look out for in 2021.

  1. Work from Home and Remote Work

Many people are now choosing to work from home. Companies and employees have realized the benefits of remote work during the lockdown.

So, in 2021, this trend is expected to become the norm for many new entrepreneurs and online workers.

Remote work gives companies more options like hiring remote workers to handle digital jobs. Also, having remote workers mean more savings on electricity, office overheads, and equipment maintenance.

Working 9-to-5, five days a week, will no longer be the norm.

Communication technologies will encourage workplace collaboration when everyone is working from a different place. Employee communication apps will make it easy to video conference, chat, send messages to the team, fill out online forms, etc.

  1. Freelance Work and Gigs

With the rising trend of remote work, the gig economy will grow. Many people are also choosing to do several freelance jobs. Gig work is becoming more and more popular because people like flexibility and prefer to be their boss.

Gig work is very popular with new entrepreneurs. Many people who start working as freelancers, after some time, decide to create their consultancy or professional services business.

With the gig economy, small businesses will no more need to hire permanent employees. Gig work allows companies to hire someone temporarily who can work remotely instead of working at the office.

Gig jobs have many benefits to businesses, including paying lower compensation packages, no need to pay employee benefits, and less equipment maintenance.

  1. E-commerce

With the popularity of online shopping increasing, global e-commerce is estimated to grow exponentially in the next years. So, new entrepreneurs and start-ups should know and use this trend.

These days more retailers are moving from brick-and-mortar stores to online stores and e-commerce portals. (Pandemic and Lockdown Effect).

e-Commerce businesses can generate more sales and increase profits, reaching a new target audience worldwide.

  1. Mobile Devices and Online Shopping

With the new mobile technology and the internet, mobile businesses (Mobile Commerce) are booming pretty fast! Many people are using their phones all day. Also, many consumers are choosing to access online shops through their mobile devices.

Reports show that by 2021, mobile commerce will get 54% of the total e-commerce sales.

  1. 5G Technology and Networks

These days businesses need better, faster, and smarter technology. In 2021, 5G networks will be all over the world and will open new avenues and opportunities for businesses and entrepreneurs.

5G offers higher bandwidth, lower latency, and high download speeds. So 5G makes interactions on the internet more instantaneous, allowing businesses to communicate and get things done much faster.

  1. Social Media Marketing

Many businesses are now using social media to engage with their existing and potential buyers and promote their products or services. With social media marketing, they generate more web traffic, more sales, and more revenue.

Many businesses are investing in social media marketing because they can reach more customers and generate more profits.

Social media are attracting many people, and people like to buy things. So, buying and selling on social media (social commerce) is increasing.

  1. Online Content and Marketing

Many young entrepreneurs like gamers, comedians, musicians, artists, and educators are creating online niche content. They use social networks to create and monetize content and create media outfits for their followers.

There are many sites and platforms to share, promote, media, and content. (gamers have Twitch, musicians have Spotify, and everybody else has YouTube).

Media and content seem to be a good fit for young entrepreneurs.

The great tip for their business success is making relatable, engaging, and shareable content for target audiences.

The new trends and opportunities are about technology development and use. So technology will play a significant role in small businesses’ and entrepreneurs’ success in the future.

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Best Stocks in 2021: Stocks and Opportunities [Infographic]

There is a strong possibility of economic recovery in 2021. But the new year doesn’t promise less uncertainty than 2020, so investors should remain cautious, as always.

Use these companies to think about opportunities and decide if you invest your money or not. Important Tip! Always research and understand a company before you buy its stock.

Here are some highly promising companies that you can buy their stock in 2021.

  1. Tesla

Tesla has enjoyed growth in 2020 and there is a bright future for the Palo Alto electric car maker. Its shares price has skyrocketed more than 650% on a year-to-date basis (one of the top growth stocks of the year).

The company will capitalize on the growing electric vehicle (EV) market in the coming years. Some industry experts believe that the demand for EVs around the world, (particularly in China), would help Tesla to grow its future revenue.

Tesla’s strategy to establish itself as a leading player in the EV market will benefit the company in the coming years. So, for those who want to be a part of its success, this is the right time to invest in this high-value stock.

  1. Nvidia

Nvidia stock value has increased by more than 125% this year (2020). The financial performance of the company has surpassed analysts’ expectations.

The California-based company specializes in manufacturing graphics processing unit chips, which are used in artificial intelligence (AI) and the gaming industry, among others.

AI spending is expected to hit $110 billion by 2024. Also, the gaming industry is booming at a rapid pace. Nvidia will benefit from the boom.

  1. Disney

Walt Disney performed well this year but most of its theme parks stayed closed (Pandemic) and affected its revenue.

But Disney+ streaming platform has performed very well this year. One year after its launch, the video-on-demand streaming service has over 86 million subscribers (Amazing Growth).

The progress of its streaming service will help the company to boost its revenue.

  1. Zoom

Zoom Video Communications stock’s value has skyrocketed nearly 500% so far this year. Millions of people signed up for its online video-conferencing platform (pandemic effect).

The Zoom video platform has a simple and user-friendly interface, which is one of the key reasons behind its recent success. Some people think that its growth may slow down as the pandemic ends.

But video meetings, virtual learning, and online interactions are not going to end anytime soon. Zoom is expected to do well in the coming quarters considering the recent stock momentum and revenue growth.

  1. Alibaba

Alibaba Group Holding was performing well this year until it experienced a couple of major setbacks. Alibaba is facing scrutiny from the Chinese government (it’s about monopolistic practices).

However, the company’s growth rates still look strong. It is leading the Chinese e-commerce market with a controlling share of 56%. Second in China is JD.com, which holds nearly a 17% share of the market.

Alibaba also beat analysts’ expectations in its latest quarterly report. Its second-quarter revenue jumped 30% on a year-over-year basis, marking the strength of its business despite the Covid-19 pandemic.

Alibaba stock is expected to go up after addressing the challenges it is facing right now.

  1. ServiceNow

ServiceNow stock’s value grows about 96% on a year-to-date basis, as demand for its products and services remained elevated during the year. The software company also reported better-than-expected results in its latest quarterly report.

Its subscription billings for the third quarter came in at $1.08 billion. Also, its big customers, with an annual contract value of more than $1 million, increased 25%

ServiceNow will continue to perform well in 2021. Most analysts have a “Buy” rating for the stock with an average price target estimate of $ 575 per share, suggesting that the company’s share price will go up in the coming quarters.

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Business News and Trends: The Future of Work and Innovation

Business News and Trends: The Future of Work and Innovation

These days (2020 and beyond) we will see even more innovations that will drive the future of business and work. For businesses, innovation offers many opportunities. But we don’t know yet which will be the most beneficial.

Here are the business news and trends you need to know.

The Jobs of Tomorrow: Using People and Technology to improve the Skills.

LinkedIn recently released its Jobs of Tomorrow report for 2020, predicting emerging jobs for the next year. Three areas they talk about.

Demand for artificial intelligence (AI) roles – such as cybersecurity specialists and data scientists.

Emphasis on remote work, offering flexibility for recruiters and employees.

The need for valuable soft skills, such as communication, creativity, and collaboration.

At the same time, many manufacturers have reported skill gap challenges.

Two trends can help bridge this gap in 2020:

a) Retraining Employees

One way that businesses might bridge the skills gap in 2020 is through retraining candidates. For instance, one software company recruits medical technology professionals and trains them for information technology roles.

Companies may also perform more corporate training to retrain current staff. Harvard Business Review reported that In July 2019, Amazon announced plans to invest $700 million to upskill 100,000 employees.

b) Automation Technology

Another trend for businesses is to employ automation technology to perform skilled roles. For instance, order fulfillment automation is an emerging trend that can fill orders faster with less overhead and resources — plus it limits the need for skilled staff members.

While AI and automation won’t replace the need for humans, in 2020 we expect to see more robust and strategic technology used to improve the workforce of the future.

AI Improvement and Demand-Driven Models

Supply chain innovations abounded in 2019, and it’s predicted that in 2020 more businesses will continue to find improvements.

According to IDC Manufacturing Insights, by the end of 2021, half of all manufacturing supply chains will have invested in supply chain resiliency and AI resulting in productivity improvements of 15%.

Many organizations have reaped the rewards of transforming the manufacturing planning process from traditional to demand-driven. In 2020, we expect to see demand-driven operating models becoming the norm.

Traceability, a critical part of the supply chain process, will take precedence in 2020. According to the World Health Organization, 600 million people suffer food poisoning every year and 420,000 dies as a result. In 2020, SYSPRO CIO Kevin Dherman predicts that advanced food tracking and packaging will play a pivotal role in risk detection vs. disaster recovery.

Other notable innovations in supply chain automation have also gained traction in 2019. For instance, Material Handling & Logistics reported that researchers at the University of Washington have used machine learning to develop a system that assesses ergonomic risk for warehouse workers.

In 2020, the use of AI in supply chain and manufacturing processes will only continue to grow.

Global Economic Uncertainty and Consumer Expectations

Globally, the economy is predicted to face some challenges in 2020. Coronavirus, economical crisis, slowed down global growth, international competition.

At the same time, consumers are also demanding more from businesses — more transparency, more sustainability, and more personalization.

These global trends present challenges for businesses, but also the opportunity to grow.

As competition increases, improving the customer experience and the supply chain process will become increasingly important. Technology should be utilized in the digital transformation journey to help navigate economic uncertainty by making more accurate demand forecasts and promoting agility.

Technology can also help achieve a better brand reputation, such as through improving production process sustainability and reducing businesses’ carbon footprints by using a demand-driven operating model.

While uncertainty may be coming in 2020, digital solutions are what will help guide businesses through the doubt with big data, predictive analytics, and more efficient workflows.

You need to use innovation and new technologies to build a successful business in a very competitive and difficult global area.

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7 Effective Work from Home Business Opportunities

7 Effective Work from Home Business Opportunities

The best work from home business opportunities involves little to no startup capital and minimal risk. But you need to love what you are doing; it is rare to find a successful entrepreneur who is not passionate about his business.

Choosing a path that will make you happy and feel satisfied with your life is very important.

Starting a business often does require lots of startup cash, but it also always requires time and energy investment.

Here are just a few ideas for work from home business. You may love cooking but do not want to open a restaurant, so think catering and other food-offering fundraisers. You might even want to start your own home delivery service or food products that can be sold in stores or at the local farmer’s market.

Focus on something you love to do but put a “you” emphasis on your business idea to make it unique amongst your competition.

Here is some effective work from home business opportunities you need to know.

  1. eBay Sales

With the right marketing tools, you can sell anything on eBay. The giant of online auction services, eBay continues to be an inexpensive, lucrative selling tool for everything.

Best eBay business tip: search for retail stores going out of business or discontinuing product lines. Buy as many items as you can at a discounted price and sell them on eBay.

Devoting 20-30 hours per week to serious eBay sales, you can easily make about $2,000 a month. That may not sound like a lot of money, but you could easily earn as much as if you were working full-time at a minimum wage job, only with the perks of running your own business!

  1. Become a Mediator

Mediators are neutral, disinterested persons who try to reconcile differences between parties to avoid arbitration or costly litigation. In most of the U.S., there is no special licensing or certification required to become a mediator, but you will have to be good at networking among lawyers.

Mediators charge $80-$100 per hour for their services, but obviously, rates will be affected by your location and experience. Start by contacting the American Arbitration Association to learn more about the requirements and rewards of becoming a peacemaker!

  1. Telephone Services

If you have a pleasant speaking voice, excellent communication skills, and are attentive to details, consider starting a home-based telephone answering service.

Depending on the range of services you offer (weekend, weekday, or after-hours) phone services typically charge each client about $200 per month for handling after-hours calls. Startup costs include telephone service, business licensing, and advertising.

  1. First-Aid Kit Supply Business

In 2003, the USPS awarded a $10 million contract to a one-man business for customized first-aid kits. Medical and first-aid kits are popular among fundraisers because they sell.

Specialized, pre-assembled first-aid kits are in high demand by schools, corporations, and industries that are required by law to have first-aid kits on site. You will need to purchase parts wholesale, assemble customized kits, and find a market. Customized kits can be sold for $5 to $150, depending on your market.

  1. Financial Advisors and Planners

Only 20% of Canadians have confidence in their math and money skills according to a survey by Ipsos Reid for ABC Life Literacy Canada – which means that there is a huge pool of people in Canada who need and want help with their finances.

In the U.S., financial advising jobs are expected to be one of the faster-growing occupations over the next decade, with a projected growth rate of 32% between 2010 and 2020, according to the Bureau of Labor Statistics.

Retirement planning, financial planning for small business owners – whatever the specialty, this is a real growth industry.

  1. Teach English from Home

Teaching English used to be job folks would take as an excuse to travel. If you have kids and a home to maintain, why not take advantage of technology and teach students online?

VIPKid is is an online teaching and educational company based in China. Chinese parents specifically want their kids to learn English from native speakers, preferably from America.

  1. Become a Copywriter

These writers put together promotional materials for businesses, including ads, websites, newsletters, commercials, direct mailings, and many others.

Copywriters generally have a degree in advertising, marketing, English, or communication, but any excellent writer can do a great job copywriting.

Attention! The Most Important Investment is Your Time

Starting and running a business often does require lots of startup cash, but it also always also requires a significant time and energy investment. Don’t forget that it’s a business and you need to work hard every day to earn money from home. Very Simple!

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Online Business Opportunities: Make Money Online from Home

Online Business Opportunities: Make Money Online from Home

 

There are a lot of online business opportunities that you can work from home and earn money every day. There are a lot of companies on the internet that will hire you if you have the appropriate skills for the business.

The money you can earn with online business opportunities is so generous that sometimes, it can even be higher than what you normally earn as a regular employee. The only investment you need to give for your online business career is hard work and the right decisions.

There are hundreds of opportunities for you to make money online but you need to have the knowledge and the will to succeed. One good example of this is to become a freelancer and exploring different sites on the Internet with job categories that match your skills and ability.

Businesses such as article writing, web designing, and web programming are ideal examples of opportunities you can grab.

Also, you can create selling and reselling business online. This can involve certain products or services that you are interested in. Websites such as eBay and Amazon are examples where you can start up your business career.

In fact, these two websites give way to a lot of successful online business entrepreneurs. You can sell old stuff, new products, and even e-books that you personally wrote. There are limitless possibilities of the things that you can sell on the internet.

If you are looking for online business opportunities that you will earn money even without spend money, the best solution it’s the affiliate marketing business. You can start to make money online simply by promoting other companies’ products and services.

You will earn commissions for any number of products or services that you have sold using your marketing strategy. The strategy you can use can be as simple as promoting and advertising the products on your website or blog.

Indeed, if you really wish to make money online from home, you can always get any business that will match your skills and preferences. However, when doing this, make sure that the company or website you deal with is reputable and legitimate ones.

This is to make sure that you will not fall victim to any kind of scam on the internet. Don’t believe the hype and the myths. You need to work hard to succeed. There is not a magic button and you cannot become rich in a day or a week!

Make Money Online Tips: Effective Strategies You Need To Know

You can make money online through internet marketing at a low cost. Many companies try to figure out strategies to improve their marketing business. Some are even spending thousands of dollars hiring marketing consultants.

But if you’re ambitious and clever, there are many ways to get your product noticed and actually make money online without spending or overspending your budget. Here are some effective marketing strategies you need to know.

1. Press Release

The press release is an effective way of promoting products or services without spending too much money. Create and distribute press releases that are informative and send them to various printing media like magazines, newspapers, or radio and TV stations. Try to craft an attention-grabbing press release using few words as possible. Create an effective lead magnet title that will attract interested people right away.

2. Niche Market

One common mistake of many internet marketers is that they don’t concentrate on a specific niche market. The secret to success is simple. Concentrate on one niche and avoid scattering your efforts. This way your work will be more organize and you can actually make money online through little effort.

3. PPC Ads (Pay Per Click) and SEO

After building your online store and your website, obviously promoting it is the next important step. Many online businesses use PPC ads.

Attention! PPC ads can be very costly for beginners. A cheaper alternative is by learning SEO or search engine optimization. This way you’ll be able to save lots of money instead of investing in PPC ads.

4. Product Credibility

You need to know your product and create information that can build your product’s credibility. Credibility builds trust among customers and trust can help increase sales.

If you’re interested in learning more about your products psychological processes many online buyers go through, there are lots of E-Books and articles that you can read. You need to know that people buy with emotions not logic!

5. Find Affiliates

Affiliate marketing is one effective way of maximizing product promotion using different marketers. Of course, in exchange, these marketers will also be paid depending on your agreement.

A popular way of payment is through a commission basis, for each successful product sold under their site, they will receive an incentive. This strategy is very helpful especially if you’re having trouble receiving payments from a single marketer. More marketers mean more sales for you.

6. Marketing Trends

Internet marketing trends are changing pretty fast. If you’ve been familiar with online business for some months ago, your strategy may not work today. Stay current on marketing trends. Begin by learning something creative and new. Spend some time learning, reading, and embracing internet marketing changes.

7. Know Your Target Audience

It’s very important to know your target audience or target market. If you don’t know what they need or their problems, you cannot help them or give them a solution. You have to be able to give help, value, and solutions. You need to keep your target audience satisfied. A satisfied customer is the best live advertisement for you and your business!

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