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#CareerAdvice : 7 #SideHustles you Can Start from your Couch…You don’t need an Office, Employees, or Investment Capital to launch a Small Business that could Generate Thousands of Extra Dollars a Year.

November 19, 2018/in First Sun Blog/by First Sun Team

If you’re alive in 2018, you’ve probably heard of the side hustle. These days, it seems like everybody has one. In fact, if you’re a millennial, half of your peers already do.

Side hustles allow you to earn extra income, supplement a still-growing business, or get paid for a hobby you enjoy.

Many people hesitate to start a side business because they think it’ll be complicated. But the truth is, it doesn’t have to be. You don’t need to go to an office, hire employees, or spend hours cold-calling to succeed.

And sure, you may only earn a few hundred dollars per month at first. But because these side hustles cost almost nothing to start, the money you rake in will become pure profit.

Excited yet? Here are seven side hustles you can start from your couch.

1. SELL AN INFORMATION PRODUCT

People love to learn new things, and you can profit from packaging your advice, knowledge, or expertise into a sellable product.

Are you an expert at getting the best deals at Disneyland? Know how to train pets? Give good dating advice? You can turn those insights into an ebook or course that people will pay for.

With information products, you pay an initial cost to create the resource and the website where it’s hosted, but it costs you nothing to produce extra copies of the book or course for new customers. That means that after you cover the initial costs of creating the product, you’re looking at almost pure profits from each sale.

If you create a solid information product and promote it well, it could earn you substantial passive income for years to come.

For instance, if you sell an ebook about dog training for $10 and get an average of 25 people to buy it every month, you’ll rake in an extra $2,500 per year. Or if you build an interactive course teaching men how to talk to women and sell it for $1,000, just one purchase a month will boost your income by $12,000.

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2. BECOME A VIRTUAL ASSISTANT

A virtual assistant is like a regular assistant, only they connect to the business person online. They’re often hired by the hour, which means you can work as many or few hours per week as you’d like.

A virtual assistant can do practically anything, but the work often includes organizing resources and documents, scheduling appointments, taking calls, accounting, research, writing, proofreading, or editing.

If you have great attention to detail and would rather work with others than start a business by yourself, this could be a profitable choice for you.

Freelancing websites like Upwork and Fiverr often have job openings for virtual assistants. You can negotiate your own price with the client and clarify your tasks before accepting the job.

As a virtual assistant, you can charge between $15 and $60 per hour depending on how much value you’re able to bring to your client.

3. CREATE A NICHE REVIEW WEBSITE

Creating an in-depth resource on a specific niche can be a profitable endeavor.

The secret to a niche website’s profitability is affiliate marketing and advertising. The website creator writes a number of informative, in-depth articles and product reviews to help readers know which items they should purchase.

As the website’s audience grows over months and years, and more readers begin to purchase items through the website’s affiliate links, the website owner can begin to earn hundreds and even thousands of dollars per month.

The passive income blog Income School expects a well-built niche site to earn an average of 2.5¢ per page view, per month, and bring in an average of 30,000 monthly page views by the end of the first year. A niche website with thousands of monthly page views will also often receive five- and six-figure bids from investors.

4. PROOFREAD

We all have that friend who corrects everyone’s grammar or finds typos in menus and street signs. If you have a knack for finding mistakes in your native language, you could get paid to proofread.

Freelancing websites like Upwork and Fiverr have a steady stream of proofreading jobs, or you can start asking your friends and business connections to help them eliminate errors in their writing.

Proofreading rates can vary widely. Proofreaders who charge per word can command rates from 2¢ to 7¢ per word, or anywhere from $10 to $90 per hour. Rates depend on the quality of the job, the turnaround time, and the importance of the final document.

5. TRANSLATE

Parlez-vous francais? Or Spanish, Japanese, or Arabic? If you speak a second language, you could get paid to translate from your second language into your native language.

To find translation jobs, try online freelancing platforms made specially for translation, like Gengo and Unbabel. Or post your profile on ProZ, where clients search for translators and post translation jobs on the site-wide job board.

Translators generally charge between 10¢ and 25¢ per word or $30 to $50 per hour. Like proofreading, rates depend on quality, time constraints, and the importance of the translation.

6. TEACH ENGLISH

You’re reading this article in English, which means you’re a speaker of the most in-demand language on the planet. Millions of people attempt to learn English every year, which means English teachers are in high demand.

Websites like iTalki and Cambly are online platforms for anyone who wants to teach English or other languages to people of all ages. If you live in North America, you have more options, like teaching English to Chinese children through VIPKID or Qkids, or to Korean children through Englishunt.

Rates for English teachers can vary based on your experience and skill level. Cambly pays $10 per hour, VIPKID, Qkids, and Englishunt pay between $13 and $22 per hour, and iTalki allows teachers to set their own price.

7. START A CONTENT SITE

I know what you’re thinking: “Seriously? Didn’t everyone and his cousin already bail on their blogs because they got tired of the content-generation hamster wheel?” It may feel that way, but if you’re passionate enough about a subject, it might not feel like work.

And believe it or not, the market is still not saturated. There are millions of topics that people search for every day, and many of them have not been written about yet.

Even if your blog is about a popular topic, you can still find your unique angle, says Henneke Duistermaat in her book Blog to Win Business. “You can safely assume that everything about your topic has been written already,” she admits. “However, nobody has said it yet in the way you can say it.”

There are many paths to a profitable blog. Like niche websites, you can promote products through affiliate programs and collect a percentage of each sale. Or you can place ads on each page of your blog and collect a few cents for each impression, or person who views the ad. Another option is to sell information products (see No. 1) to the readers of your blog.

If you choose your subject well and use multiple money-making strategies for your blog, you can see monthly earnings of a few hundred dollars to a few thousand dollars over time.

If you have a smartphone or computer and an internet connection, the money is yours for the taking. Whether you choose to write, teach, or help someone else succeed, you can start building your profitable side hustle today.

ABOUT THE AUTHOR

Arianna O’Dell is the founder of Airlink Marketing, a digital design and marketing agency helping companies create digital programs that drive results. When she’s not working with clients or traveling, you’ll find her making fun gifts at Ideas By Arianna.

FastCompany.com | November 19, 2018 | BY ARIANNA O’DELL 5 MINUTE READ

Your #Career : 5 Steps To Prep For Leaving Your Job To Start A New Business…According to a Survey from Deloitte, Two-Thirds of All Millennials Plan to Leave their Job by 2020 and 44% say they Would Leave their Employer in the Next 2 Years. If you Have Got the Itch to Leave your Job, You are Not Alone.

August 26, 2016/in First Sun Blog/by First Sun Team

After you’ve chosen a career path, it’s easy to feel like you’re locked into that decision for the rest of your life. Maybe your job isn’t fulfilling, isn’t providing you with sufficient opportunities to develop your leadership, or you just feel like there is nothing new there for you to learn.

According to a survey from Deloitte, two-thirds of all millennials plan to leave their job by 2020 and 44% say they would leave their employer in the next 2 years. If you have got the itch to leave your job, you are not alone.

The average American switches careers six times throughout the course of their life–meaning there’s a lot more room for second chances than you might think. You may know it’s possible to make a career change, but understanding how to take action in your own life is a different matter.

Meet Eric Finnigan, a professional copywriter and founder of Autopilot Email, an email marketing service agency that helps companies boost their revenues by $100k+ through automated emails. Today, Finnigan works a schedule on his own terms structured around projects he cares about. But just months ago, he was working a 9-5 for a corporate company that drained him.

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I spoke with Finnigan about how he was able to leave his former career and restore purpose to his work on this week’s episode of Unconventional Life, “How to Leave Your Corporate Job and Pursue Your Dreams.”

Fresh out of college, Finnigan found himself broke and in debt, with all his credit cards maxed out and nowhere to turn. “I had this moment where I was like holy cow I just went to college and in theory I should be set financially, what’s going on?” he says. “It was kind of this panic moment where I realized I had to make money.”

Like many new graduates in this position, Finnigan was eager to start paying down his debt and immediately got a job. Over the next seven years, he would dedicate nearly all of his energy to getting promotions and salary raises until his financial insecurity faded to a distant memory.

Step by step, Finnigan climbed the corporate ladder to the position of Vice President, managing a $36 billion portfolio for his investment strategist company. His salary was abundant and he occupied a luxury apartment in NYC… yet something was missing.

“I would sit at my desk and think, do I really want this? I had this moment of yeah, I had succeeded in what I wanted to do, but what I had been working towards it turned out wasn’t the thing that was actually fulfilling for me,” Finnigan reflects.

Upon that realization, Finnigan decided it was time to make a change.

He still depended on his job as a source of income, so he didn’t just quit on the spot. Instead, he began investing all of his free energy into his lifelong passion for writing, which he never pursued because he didn’t believe it could be profitable. Within several months of studying the art of copywriting, Finnigan felt confident he could monetize it and quit his corporate job.

Today, Finnigan has created a livelihood around copywriting and has become one of the most sought-after contractors in his industry, running six and seven figure campaigns for many multi-million dollar clients. But the doubt and uncertainty that accompany making a major career change were not lost upon him. Below, Finnigan shares how you can succeed in making a similar transition.

Learn from others. Immerse yourself in the stories of others who have already made this transition and are thriving on the other side. Listen to podcasts and seek out news articles to encourage, motivate, and inspire you to do the same. You’ll begin to feel like it is possible for you, too, and you’ll benefit from learning from their mistakes and advice.
Ask for help. Ditch the mindset that you need to figure it all out on your own. “For me it was a matter of pride,” Finnigan says. “Have humility–you can make it much faster with help.” Asking for help might look like reading books, enrolling in courses, or finding a mentor. Guidance and accountability are essential to your success.
Hustle on the side. Use your current job as a safety net so you don’t put too much pressure on yourself to “figure it out,” which can actually be counterproductive. Be reasonable and give yourself time to develop your new skill until you feel confident that it will be able to provide for you financially. Be prepared to put in the hours both for your current job and your emerging passion. “I worked 4 to 5 hours a day in addition to my job,” Finnigan recalls.
Understand success isn’t linear. Unlike working in a corporate job, success isn’t linear when working for yourself. “It’s not like plug away for a few months and get your first paying customer, then in another few months get your 5th paying customer,” Finnigan says. “It’s frustrating coming from the corporate world, where you work hard and get a bonus at the end of the year.” While you may struggle at first, don’t be discouraged. Keep at it and be mindful of how you measure success–fulfillment is equally as important as profit.
Create your own urgency. “If there’s no urgency on your end, no one’s going to create it for you,” Finnigan says. Develop a timeline for your goals to keep yourself on track and be willing to let go of whatever may be holding you back.

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Forbes.com | August 25, 2016 | Jules Schroeder , CONTRIBUTOR

Your #Career : How to Build a Business When You Can’t Quit Your Job…What If you could Build a Business without Quitting your Job? It’s Possible with the Right Approach.

July 12, 2016/in First Sun Blog/by First Sun Team

Most of us get the urge to become an entrepreneur at one point or another. We may be called to create something from scratch, or lead a team of people or just earn money without having to answer to a boss. Whatever the motivation, the urge strikes us, but only a fraction of usever take that all-important next step of actually building a business.

Why don’t more of us take that step? For starters, most of us already have jobs, and we can’t quit them smoothly or conveniently, so we just continue working them without pursuing our dreams. But what if you could build a business without quitting your job? It’s possible with the right approach.

Why not quit?

First, let’s take a look at why you’re not quitting your job in the first place. There are some valid reasons, but the reality is, you may not need your job as much as you think you do.

You need the money.

Money is tight during the early stages of entrepreneurship no matter how good your idea is. However, if you can secure enough venture capital or a good line of credit, you can scrape by without needing a supplementary job.

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You’re afraid of plateauing in your career.

You may worry that if you quit, you may be unable to return to the workforce in the future. This is somewhat illogical in most cases. Talk to a boss or supervisor you trust, and get their opinion on a potential return if your business doesn’t pan out.

You’re unsure about your idea.

If you don’t have a good idea yet, you probably shouldn’t leave your job. While this is a valid reason, why not spend more time developing your idea?

You’re afraid of the risks.

You may want to keep your job as a safety net, but safety nets don’t always lead to a better overall performance.

If you’ve considered any of these reasons to hold onto your job, and you’re still convinced you can’t quit, follow these strategies to start a business successfully while still maintaining your daily responsibilities.

Be realistic.

First, be realistic about what you can and cannot do while still maintaining your job. You can work on your ideas, build some infrastructure and maybe even manage your business during the early stages, but you can’t feasibly manage this forever. There are only so many hours in the day, and you’ll need to make a commitment to one side or the other eventually.

Focus on the idea.

While you’re still working, focus on developing your business idea as much as possible. That is to say, keep your work conceptual during the early stages. This is the best time to flesh out the gritty details of your idea. Evaluate it for flaws, and fine-tune your idea to perfection. You won’t be under the gun with deadlines, and you won’t be strapped for cash, so make the most of this time by writing up the best possiblebusiness plan you can.

Gain connections.

Unless you’re working in isolation, this is a great time to build connections you can use for your business later on (assuming you won’t be violating any non-compete agreements). Get to know as many people as possible. You never know when or where you’ll meet a potential partner, vendor, client or employee. The wider your range of professional contacts is, the more options you’ll have when it comes time to growing your business. This will also save you valuable time when you need to be managing your business instead of networking.

Start with baby steps.

Don’t try to do everything with your business while you’re still working full-time, and don’t try to rush the process. Instead, take baby steps, when you can, to slowly advance your idea forward. Test the waters. Experiment. If you get in too deep, you’ll lose control over the situation, and your business will end up outpacing you.

Tread carefully.

You may think of yourself as quite capable, and maybe you are, but there’s still a hard limit to how much work you can do before your work starts to decline in quality. If you spend too much time on your business, your professional work will suffer, and you may end up losing the career you tried so hard to protect. Spend too much time on your career, and your business won’t have a chance. Keep yourself in balance.

If you follow these strategies, you can build a business while still maintaining your day job in the early stages. Just remember, there’s no perfect time to start a business, so be sure you understand your own motivations before opting to delay getting started. Oftentimes, the best thing to do is throw yourself into something, and make adjustments along the way; otherwise, you may never start at all.

Entrepreneur.com | July 7, 2016 | Larry Alton

Your #Career : 6 Tips to Successfully Transition From Your Day Job to Your Own Business…Many of you Reading this Right Now are Working for Someone Else — Helping Someone else Build their Dream. But you Probably have a Dream of your Own that Thrills & Excites You.

June 11, 2016/in First Sun Blog/by First Sun Team

If you’re like most people, you have two main worries holding you back from making the leap:

“How will I replace my day job income?”

“I have an idea for a business, but no idea where to start!”

You are not alone, and you don’t have to hold yourself back anymore. Here are six tips to help you get your dream in motion:

1) Don’t ask what the market needs.

Instead, ask, “What can I provide that I love doing?”

And don’t get discouraged by the idea that there are already lots of people doing what you want to do. That would be like saying, “Oh, Michael Jackson’s already done pop. No one ever needs to write a pop song again.” Write your pop song.

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2) Clearly identify the gap you’re filling.

Different products and services resonate with different types of people. Similar products and services presented in a different way or to a different audience will also resonate with different types of people. Maybe you’re a financial advisor. What makes your approach, experience or process different?

One thing that already makes you different is you! Shine your values, purpose and lived experience in your marketing. If you aren’t certain of your values and purpose, my free ebook will help you uncover them.

3) Create a big picture vision of what you want.

Have a clear vision of:

The number of clients of you will attract;
Type of clients;
What your life looks like having a full time business doing what you love;
How you feel;
How much money you are making;
How you connect with your clients;
What you do in your spare time.

Focus on this vision as you move forward.

4) Make decisions for where you want to be.

Refer to your big picture vision. Imagine yourself there. Feel the energy of that ideal life and business. Ask yourself, “What would the me of my envisioned future decide?”

When you make decisions from a mindset of success and fulfillment, you inevitably attract and create success and fulfillment.

5) Hire someone to guide you, step by step.

Look for someone who has already achieved a life and business similar to what you see in your big picture vision. They can help you determine your short and long term goals, and plan practical steps to achieve them.

Make sure the person you hire truly resonates with you. There can be many different ways to achieve what you want. Just because a particular path worked for one person, doesn’t mean it will be right for you. Listen to your inner voice. Trust your instincts.

6) Build your dream at a pace that feels right.

When you feel you have enough clients on the side, and a financial cushion your are comfortable with for emergencies, you’ll know you’re ready to take that final leap out of your day job and into your orgasmically joyful life and business.

The only “right time” to do it is the time that feels right to you.

I know, first hand, how scary it is to take the leap out of your day job to create your own business. I also know how incredibly joyful and fulfilling it is to spend each day doing something you love. If you truly want to change your life, you can. And I promise you, it is worth it!

entrepreneur.com | June 11, 2016 | Melissa Dawn

#Strategy : The 22 Books you Should Read Before you Quit your Job to Start a Business…“If I Stay in this Job, I Will Never be Able to Live like This.” I spent $237.91 on 22 Books, a Hefty Investment for Me at the Time, & Got Reading.

September 5, 2015/in First Sun Blog/by First Sun Team

I Don’t have an MBA. I Never took a Business Studies Class in High School. What Do I Know about Running & Growing a Business? I wasn’t about to quit my job, join an MBA program, and then start a business. I didn’t have the time, patience, or money for that.

I spent $237.91 on 22 books, a hefty investment for me at the time, and got reading.

I was recently visited by a good friend I went to university with. He’s still in the field of architecture, and it was the first time we’d seen each other since I’d given up on the industry in favor of entrepreneurship. During his visit we talked a lot about the Architecture industry as a whole, our biggest problems with it, and why I ultimately decided it wasn’t what I wanted.

I described moments at my job when I was working on designs for a high-end luxury apartment in the Lower East Side and thinking, “If I stay in this job, I will never be able to live like this.” Not that I dreamt of luxury penthouses and a $70,000 custom millwork closet (yes, this happened), but I did dream of financial freedom and travel, as well as working for myself.

I started a side project, Calm The Ham, which after 18 months of work was making decent money, especially compared to the $40,000 I was making at my job (which does not stretch far living in New York City). I was only able to work on Calm the Ham on weeknights and weekends, which slowly became harder and harder as I juggled this new life. In the 6 months prior to quitting my more stable job, I kept thinking what if I had the time and resources to make my newer venture full-time.

What could I create if it was my only focus?

Then the negative thoughts would kick in. I don’t have an MBA. I never took a business studies class in high school. What do I know about running and growing a business? I wasn’t about to quit my job, join an MBA program, and then start a business. I didn’t have the time, patience, or money for that.

I needed to learn the basic principles of business, both running and growing one.

I made a reading list for myself of all the business books I had heard about from people I admired or that had been recommended to me personally. I spent $237.91 on 22 books, a hefty investment for me at the time and got reading.

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Personal Mindset & Inspiration: ‘Awaken The Giant Within’ by Tony Robbins

Amazon

An inspirational book by Tony Robbins. Difficult to drill down to one lesson I’ve learned but essentially this book has the potential to change your life.

Tag Archive for: #startabuisness

Posts

1. SELL AN INFORMATION PRODUCT

2. BECOME A VIRTUAL ASSISTANT

3. CREATE A NICHE REVIEW WEBSITE

4. PROOFREAD

5. TRANSLATE

6. TEACH ENGLISH

7. START A CONTENT SITE

ABOUT THE AUTHOR

Why not quit?

You need the money.

You’re afraid of plateauing in your career.

You’re unsure about your idea.

You’re afraid of the risks.

Be realistic.

Focus on the idea.

Gain connections.

Start with baby steps.

Tread carefully.

1) Don’t ask what the market needs.

2) Clearly identify the gap you’re filling.

3) Create a big picture vision of what you want.

4) Make decisions for where you want to be.

5) Hire someone to guide you, step by step.

6) Build your dream at a pace that feels right.

View As: One Page Slides

Personal Mindset & Inspiration: ‘Awaken The Giant Within’ by Tony Robbins

‘Outliers’ by Malcolm Gladwell

‘The Tipping Point’ by Malcolm Gladwell

‘The Millionaire Fastlane’ by MJ DeMarco

‘Good To Great’ by Jim Collins

Productivity: ‘The Four Hour Work Week’ by Tim Ferris

‘The Compound Effect’ by Darren Hardy

‘The 80/20 Principles’ by Richard Koch

‘The Ultimate Sales Machine’ by Chet Holmes

Business: ‘The Power Of Habit’ by Charles Duhigg

‘The Personal MBA’ by Josh Kaufman

‘The Lean Startup’ by Eric Reis

‘The $100 Startup’ by Chris Guillebeau

‘Crush It’ by Gary Vaynerchuk

‘The E-Myth Revisited’ by Michael E. Gerber

‘Purple Cow’ by Seth Godin

‘ReWork’ by Jason Fried & David Heinemeier Hansson

‘This Book Will Teach You How to Write Better’ by Neville Medhora

Sales: ‘To Sell Is Human’ by Daniel Pink

‘Pitch Anything’ by Oren Klaf

Finance: ‘Rich Dad, Poor Dad’ by Robert T. Kiyosaki

‘I Will Teach You To Be Rich’ by Ramit Sethi