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How To Be Your Own Boss in 2020

Do you want to be your own boss? I definitely do.

Think about this: You are working hard on a project with your team for almost a week. You are struggling to meet your deadline that you devoted most of your time in the office, forgetting to eat lunch and doing overtime. At the end of the day, you are dead tired and you can’t even find the time to play your kids at home. Is the situation seem familiar?

Let’s admit it — we’ve all experienced a job that drained the energy out of us. We’ve struggled to get ourselves out of bed in the morning to go to work only to go home unfulfilled and tired. And we can’t help but think: “what if?”.

What if we have the freedom to choose how are we going to spend our day? What if we have the freedom to do and create projects on our own terms? Surprisingly, with a resilient heart and a burning passion, you can actually make it happen. You can be your own boss, and 2020 is the best way to do it!

2020 is the year of working from home and being your own boss

While 2020 started off the wrong foot with almost the whole world dealing with a pandemic, it is actually the perfect time to re-arrange your priorities and make a change of plan. You might be dealing with getting laid off from work or choosing to resign to take care of your kids because classes are out, but you have to think of it positively.

Staying at home could also mean a lot of opportunities for you to earn.

So don’t worry about being locked down for months or even for a year (we are still waiting for a vaccine and we still don’t know what the future holds) because a lot of people are choosing to stay safe home and a lot of companies are making remote work an option. This is your opportunity to think outside of the box.

Home Business Ideas so you can Be Your Own Boss

Here are just of the simple and totally doable job you can start at home. Are you ready to be the CEO of your own business? Read on.

Sell on Etsy.

Are you a crafty, stay-at-home mom? Etsy is a great platform to showcase your creativity and earn. This e-commerce platform specially focused on everything DIY and there are a lot of other mom’s out there who actually look into Etsy for unique and useful products. If you are good at designing digital products like invitations and party materials, you can sell them as printables in this amazing platform.

How to get started:

  • Sign up for an Etsy account
  • Make it your own by creating your shop’s name
  • Add items and complete your listings
  • Etsy Payment is the main way to get paid on the platform. Here, you can accept credit card, debit cards, and other convenient payment options
  • Set up your billing information
  • Open your Etsy shop
  • Customize and market your shop

Expenses to get started

  • Etsy charges $0.20 per listing
  • Etsy charges a transaction fee of 5% of the total item cost (includes shipping cost)
  • For payment made using Etsy Payments, the platform also collect a 4.5% + payment processing fee (depending on your country)when an item is sold.

Typical income:

It will depend on the product you are selling but many beginners earn $50 to $100 a week, minus the fees. The key is to start small, check your product potential, and build your shop from there.

Start a blog

If you have a passion for writing or for sharing your thoughts and opinions online, blogging is one good way to make money while staying at home with your family. Blogging is also a great way to market and create a brand for your self. You can earn through click ads, affiliate marketing, product reviews and sponsorships.

How to get started:

  • Decide on your blog name
  • Make a plan for what to write
  • Sign up for hosting with Bluehost
  • install wordpress with the one click installer
  • Start writing

Typical income:

It can take months to monetize your blog, but the key is to produce content continually. Beginners can make $100 a month with affiliate marketing, which is not bad at all for an extra income. It can increase to $500 or up to $1000 as you go along.

Become a virtual assistant.

This is one of the easiest remote work available and you don’t usually need an extensive experience you be a  Virtual Assistant , or VA. All you need is time and dedication. A VA is equivalent to an executive secretary in the corporate world. It involves scheduling meetings, answering emails, typing, admin work, research, a bit of writing, and social media assistance.

How to get started:

  • Make sure you have a fast and stable internet connection because meetings are all going to be online
  • Look for an online job platform where you can apply like upwork.com
  • Update your resume and take online exams to boost your credentials
  • Apply for jobs as they are posted

Typical income:

VA rate varies from $3 per hour (beginners) up to $25 per hour or more

Freelance writing.

If you love to write but is not keen to starting your own blog, you can actually offer your service to others. There are a lot of companies, entrepreneurs, and even bloggers who hire the service of a freelance writer to help them with their content.

How to get started:

  • You can also look for online job platform where you can apply as a freelance writer
  • You can also directly apply on digital agencies and companies looking to hire
  • Prepare your resume and portfolio
  • Prepare you work from home environment

Typical income:

Freelance writers earn a lot. A 1000-word article can give you $20 up to $500, depending on the content, your writing skills and the amount of research required.

Teach online classes

2020 is definitely the year of virtual classes since most of us are staying at home. If you are skilled at something and have the capability to teach, feel free to share your knowledge online. You can teach English language, kids’ classes like dancing, and even create your own course with a platform like teachable

How to get started:

  • You can apply directly for online teaching with companies like VIPKids or Lingoda.
  • Prepare an area at home that will serve as your virtual classroom
  • Attend online training offered to help you further hone your skills
  • You may start by creating your own social media page with all the information about what you offer
  • Join mom groups and other groups where you can freely advertise your services

Typical income:

Working for a site such as VIPKID, You can earn $15 to $30 or more per hour, depending on the company you are working for or the type of service you are offering if you are a freelance teacher. If you create your own courses and market them, the sky is the limit!

Create a dropshipping store.

Dropshipping still continues to be a great way to be your own boss. It remains to be one of the most profitable businesses for budding entrepreneurs who have the talent to market products digitally.

In Dropshipping, you don’t need a huge capital since you won’t directly buy products in wholesale. Your supplier or manufacturer will be the ine to fulfill the orders for you. You just need to market and sell them.

The best thing about it? You can re-brand or have your own logo and the supplier will still fulfill it for you.

How to get started:

  • Start with a dropshipping education, such as wholesale ted
  • Look for profitable items you want to sell. Think of something not available locally in your area
  • Research for suppliers in apps like Alibaba where there are a lot of manufacturers and suppliers
  • Invest on an e-commerce website such as shopify

Typical income:

Dropshipping is profitable in the sense that you won’t be buying bulk of the items you are selling. So expect to earn double or potentially triple the whole sale price of any items you are selling. Your costs will be your website and any marketing you run. Dropshipping can be very lucrative.

Real Estate

If you have a real estate experience and are knowledgeable on properties for sale or lease, starting your own real estate business might be a good idea. You don’t have to literary build a company by doing this. You can just provide your service by being a freelance property manager or a broker. If you have a license, then the commission might even be higher.

If you don’t want to get a real estate licence, another great way to make money with real estate is as a property spotter. A property spotter often works with property developers and buyer’s agents, to find off market properties and match them with a seller. You are then paid a finder’s fee by the buyer.

How to get started:

  • Learn to find off market properties and distressed sellers
  • Further your training by attending classes and by actually applying for a license, if you need to.
  • Start by asking friends or family on properties they want to sell or lease and be a broker for free, and base the income through commission

Typical income:

Real estate commissions vary depending on where you live and the local legislation. But many real estate sales agents earn from 6 to 7 figures.

Digital Marketer

If you think you are good in marketing and is confident enough to drive site traffic and engagement, you can start your career as a digital marketer.

As a digital marketer, you will be responsible in creating and implementing marketing campaigns for products and services in the digital space. You can easily do this at the comforts of your home.

How to get started:

  • Train further and learn more about the ropes of digital marketing. There are a lot of courses online that you can enroll to
  • Check companies looking to hire a digital marketer on a work from home basis
  • You can also be a freelance digital marketer by first promoting your services to small businesses or to friends and family members

Typical income:

You can make up to $100,000 a year from digital marketing if you have the skills

Start a Youtube channel

This is one of the easiest way to be your own boss and make money and all you need to do is a smart phone and internet connection. Creating a Youtube channel is easier than creating a blog. Think of something unique but relevant content to share and work on it to gain views and subscribers. Youtube is also a perfect platform for stay at home mothers who want to share knowledge, hacks, and tricks to fellow moms through great video content.

How to get started:

  • Plan out your content. Think of something relevant and insightful. Find the niche most appropriate for you.
  • Sig-up for a Youtube channel
  • Learn the basics of editing videos. You don’t have to be a pro in doing this. There are a lot of simple to operate smart phone apps to help you.
  • Work to make your videos viral by sharing it on social media

Typical income:

The income will depend on the number of subscribers you have. If you are just starting, earn for 1000 subscribers or views. Youtube can pay from $1 to $18 per 1,000 views.

Be a life coach

Not everyone can be a life coach. This will depend on your ability to guide, persuade, and help the mindset of your client. However, if you do not have experience, starting your journey involves a lot of training. Fortunately, there are a lot of courses available online to help you. You can be a financial coach, a relationship coach, or a business coach.

How to get started:

  • Choose a niche or an area where you want to focus on
  • Enhance your knowledge by attending trainings
  • Have yourself certified by getting more credentials
  • File for your business as a sole proprietor to make it legal

Typical income:

You can command up to $150 per hour as a life coach

Final thoughts…

If you want to have the freedom to decide for yourself and your work, now is the best time to start venturing into business opportunities where you can be your own boss. It may take a while for you to get there or to get the income you wanted but when it comes to starting your journey, it is actually quite easy.

There are many available training materials, tutorials, and courses online you can try. If you could set aside a time in a day to pursue your passion, you can get your dream job in no time.

You are responsible for the choices you make. If you feel that you are ready to be self-employed and you feel the need to do so because you want to be able to work from home while taking care of your family, don’t be afraid to take the leap.

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