Business – Page 3

Teens can build work ethic and money management skills by working in food service or at a local business. Taking online surveys is another easy way to make cash.

Ridesharing apps like Uber, DoorDash, and Instacart allow drivers to make fast cash by delivering food and groceries. Renting out a spare room or whole home on vacation rental websites is another way to earn passive income.

Sell Your Unwanted Goods Online

What’s one man’s trash is another’s treasure, and this old adage holds true for secondhand goods. There are a multitude of marketplaces where you can sell or trade unwanted items.

Consider selling on eBay or other large online auction or app marketplaces. These sites typically take a percentage of your sales or charge a fee to list your products.

Other options include local marketplaces, such as OfferUp and Craigslist. These sites usually don’t charge to post listings but may have fees or subscriptions for some types of postings, such as jobs and cars.

Some specialized websites and apps, such as Decluttr and Gazelle, will buy or exchange your used cell phones, DVDs and video games for cash or store credit. These sites often require you to ship items to them for free, but can provide you with a rapid payment (such as through Amazon Gift Card) when they receive your stuff.

Rent Out Your Home or Car

Homeowners have been renting out their properties for a while now, and it’s one of the best ways to make a steady stream of passive income. It’s a great option if your current earning or liquidity does not allow you to buy a property but you still want to secure a good future.

Many people are also making a steady side income by renting out their personal cars. Car-sharing services such as Turo and Getaround let you rent out your car to strangers for a small fee.

Other creative options include renting out your property for photo shoots, filming, or events, which can earn you a decent amount of money on the side. Apps such as Peer Space, Splacer, and LocationsHub let you list your property for rent.

Sell Your Photography Online

As photography has become increasingly accessible, many people are discovering a passion for this creative art. However, it can be difficult to monetize this hobby without the right business skills.

Selling your photography online is a great way to make extra income. You can upload your photos to marketplaces like Fine Art America or Etsy, and you can even create a photo book with sites such as Blurb.

Another option is to sell your photos as prints. This can be a lucrative income stream, especially if you have photos of high-demand subjects such as wildlife, architecture, and landscapes. You can also earn from selling photos as digital downloads through websites like Shutterstock and Adobe Stock. These sites allow you to set your own price for your images. Looking for more ways to earn money? Why not get an in-depth look at KashKick? It’s a great platform for side income.

Sell Your Clothes Online

Whether you’re a closet purger or just need to update your wardrobe, online marketplaces like Poshmark and thredUP make it easier than ever to get rid of clothes you no longer wear while turning them into cash. You can also turn to traditional online shopping sites and Facebook Marketplace for a less-intimidating option.

When selling your clothes online, wash them before you photograph them. Dirty clothes look dingy and can affect how much people are willing to pay for them. If you’re planning on selling to in-person clothing exchanges, be prepared for a longer wait time as they often need to inspect the items before paying out.

GH Tip: Be honest about any flaws that your items have. Presenting the truth will help you maintain a good seller rating, which is important in many consignment circles.

Be an Online Tutor

Whether you’re a professional educator, college student looking for an extra source of income, or someone considering a career change, online tutoring is a flexible and rewarding opportunity. Tutors offer guidance and support to students in nearly every subject and field.

In-depth knowledge of a subject is key, but you also need to have great communication skills and technological proficiency. Many companies, like Chegg Tutors and VIPKid, offer work-from-home opportunities to teach English, math, foreign languages, and test prep. Alternatively, you can offer your services independently through e-learning platforms like TutorCruncher and WizIQ. However, you’ll be responsible for sourcing and verifying client payment methods. This may take more time but it can be more lucrative in the long run. You can start by researching your target audience and what type of tutoring they need.

How to Introduce Your Business

A business needs new customers on a regular basis. Loyal, repeat customers are great, but a steady stream of new customers is essential to keep growing.

Recruiting new customers is a key task for small business owners, especially in the early stages of their venture. The best way to attract new clients is through a strong online presence and a memorable business introduction.

Whether in an introductory letter, in marketing documents or in elevator presentations, it is important to emphasize the issue that your product or service addresses and what makes you unique. This will help to capture the audience’s attention and make them remember your business.

When introducing your business, it is important to be honest. While it may be tempting to exaggerate your claims or overstate the benefits of your products, this will ultimately backfire on you. It’s better to be straightforward and truthful from the start, as this will build trust with your target audience.

Avoid Business Jargon

In the business world, we often use language that sounds cryptic or even condescending to people who are not fluent in it. This is called business jargon, and it can be useful when used sparingly or in very specific circumstances. However, relying too much on business jargon can hinder your company’s credibility, and it might not help the individuals you’re communicating with at all.

When it’s used to hide or sugarcoat a less-than-pleasant idea, for example “cutting capacity” when firing someone, it can make the speaker sound insensitive and detached. It can also make employees feel alienated and manipulated.

While some jargon is necessary, other common phrases are simply irritating. For example, 42% of employees are irritated when they hear the phrase “let’s circle back.” Other irritating expressions include “I’ll ping you,” “boots on the ground,” and “table this.” If you want to avoid jargon, you can train your team in how to communicate more clearly with their peers.

Invest in Accounting Software

Many companies reach a point when manual accounting practices, such as using Excel spreadsheets and handwritten documents, begin to limit rather than support their growth. This is the time to invest in accounting software that automates and streamlines a company’s accounting, payroll, payables, receivables, inventory, reports and financial statements.

A reliable accounting software program can automate many of these processes, saving a business time and money while also reducing errors. In addition, it can simplify the process of filing taxes by keeping records organized in one place, eliminating stress and minimizing the amount of money owed.

Before investing in any accounting software, a small business should consult with other businesses or industry professionals for recommendations and insights. They should also consider the upfront costs and ongoing subscription fees of the software to determine whether it will work within their budget constraints. Lastly, they should ensure that the software offers security features, including data encryption and regular backups, to protect their company’s sensitive information.

Focus on Your Audience

The key to successful marketing is understanding your audience. Knowing the type of customer that benefits most from your products and services is a great place to start. This will help you create a targeted marketing campaign that will save you time and money in the long run.

It’s also important to focus on your minimum viable audience, a term coined by Seth Godin. This refers to the smallest potential market you can serve and still make a profit.

As a small business, you don’t have the resources to market your business to everyone. Therefore, you need to be more specific with your target audience and study the demographics of those who have already bought from you. For instance, you can ask them to complete a survey or use a tool like Shopify Inbox to engage with customers directly from your online store. This will help you learn more about the needs of your customers and improve your service.

Category: Business

Easy Ways to Earn Cash