Friday, June 16, 2017

New businesses

"Currently I am developing new business plans and figuring out what makes sense for me."

I wrote that line in a draft on December 13, 2015. Wow. I am still working on new ideas. New business models. New sources of income, as well as, new ways of using my brilliant mind. I have looked into "side-hustles" I would be interested in and I will share a few ideas I have used and friends have used.

1. Pet sitter- This has been an amazing way to earn some extra cash. I use the money for this one student loan I am trying to pay off. It's projected to take me 16 years to pay it off. I'm hoping with added payments, I can cut it down. Even if it is by half. You can do anything from boarding the pet, dropping in and checking on the pet, to dog walking, or day care service.

2. Cleaning service- I have a friend who was using an app to find places to clean nearby. She would do it on her lunch break from her full-time job or even on the weekend. Eventually, there were some issues with the app she was using and she decided to freelance on her own. But overall, it's a great idea. If you hate cleaning, this may not be the option for you, but if you don't mind it then I think it's an easy way to bring in a couple of hundred dollars a week.

3. Freelancing- As some of you know, I do freelance social media management from time to time. One client for me can be as low as $150/ month, but not any lower than that usually. Therefore one client can pay one to two bills that now is not coming directly from my paycheck. It's really awesome. I prefer using the money for student loans these days, but it's really up to the person. Maybe travel? :)

Honorable mention for getting a part-time job at a franchised business. I had an old co-worker who worked at a gym for a few months to save money for his trip to France. It was impressive how much he could blow on his trip because he had those extra savings.

My future plans for new business ventures I want to get into include, property management of my family home and t-shirt store. My grandparents own two homes and I think both can make more money for them. I'm developing a plan to make it another retirement fund. And as for the t-shirts, I think it will be a great "create it and then leave it" business. Low maintenance businesses are my fave businesses. In the future, I have my sights on a brick and mortar business but that's hush hush until it's a reality.

Here are more ideas you can look into: renting out your home, investing in someone else's business venture, selling items from your home, selling items you create, online tutoring, babysitting, lifeguarding, and more. Think... what would I do if I were 18 again but with all the technology that's available now?

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