Starting a business usually starts with an idea. That is the easy part. But usually, funding is the most important issue new entrepreneurs have to deal with and for far too many of them, lack of funds is a major hurdle they have to face. However, there are few side businesses anyone can start to start gathering funds for their new business. Here are a few of them.
eBay allows anybody to start selling their wares in seconds. To get started on eBay, all you first need to do is register and sign in. Once this is done, you can list almost any item for sale, from books to fitness equipment, all the way up to cars and antiques. You can then either choose to accept bids for your items or offer the “Buy It Now” option, which will allow buyers to buy the item immediately for a set price. There are many success stories of people who grew their business on eBay and if you are launching a startup, the marketplace offers a great place to start.
If you have some skills that you want to put to good use, Freelancing is a superb way of doing so. If you’re a writer, you can use freelance writing as a way of funding your startup. The good thing about freelancing is that it allows for flexible hours and gives you the opportunity to work from anywhere.
All you need is a computer with internet access and your side business is good to go. And finding jobs can be easy if you network within your sector. You can also use one of the many sites that connect freelance writers with jobs. Upwork is one of the most popular freelancing sites and you can also use Craigslist to look for writing gigs.
Similar to freelancing, independent consulting can also help you fund your new venture. The good thing about consultancy is that there’s minimal overhead when starting your business. It’s also an area where you can use your skills and knowledge to good use.
Take Diana Melencio’s story for instance. She worked on Wall Street for eight years and used her financial background to work as a financial consultant. This side business allowed her to make money while pursuing her passion. She then founded the online platform OkMyOutfit, which is very successful to this day.
Drive for Uber
A car and a smartphone is all you need to become an Uber driver. Uber is a location-based app that connects drivers with people looking for rides. The good thing about working for Uber is that you set your own schedule, which makes it a good side job if you’re an aspiring entrepreneur. But before you join the service, ensure that Uber has been allowed to operate in your town. And if you haven’t been licensed to drive, now might be a good time to use a free driving theory practice test at toptests.co.uk and prepare for your driving exam.
As a budding entrepreneur, funding your startup through your skills can be a great idea. A good side job allows you to enjoy the flexibility needed to follow your dreams while generating enough revenue to help you launch your venture.