So you want to sack the boss and work for yourself? Of course you do! None of us like being told how to work, when to work and how much we can earn. Fortunately the so-called gig economy is thriving right now and you can get yourself a piece of the action. Think about what skills you have and we bet that somebody wants to pay you for it.
Take a look at these companies who specialise in freelance work and see what's available to you.
Use Fiverr's marketplace to advertise your unique skill set (think a less violent Taken!) to thousands of people looking to hire. Can you design a great website? Write winning content? Take amazing photographs? Have a perfect podcast voice?
No matter what you're good at chances are somebody wants what you've got!
Take advantage of Fiverr's FREE training to maximise your earning potential.
So you want to have your own store? But you have no capital to get started so you can't buy any stock to sell. End of plan, right? Wrong!
Drop shipping is the ideal business model for those with great retail skills, entrepreneurial spirit but little start up money.
So what exactly is drop shipping? Take a look at this short video.
Drop shipping allows you to sell products on your own website. You can sell whatever you want and you never handle the product.
Let's say you decide to sell dog leads.
You have found a supplier that charges £5 for a lead.
Your website charges £15 for the same lead.
A customer buys the dog lead from your website and pays £15.
You buy the dog lead from your supplier and pay £5. Your supplier send the lead direct to your customer.
How to get started with your own online store
1) Decide on a product to sell. Check Google trends to see what's popular right now. Will you go for broad appeal such as clothing or beauty? Or something more niche such as BMX bike parts? Do as much research as you can and check out competitors.
2) Browse a marketplace such as AliExpress which has literally millions of products from thousands of suppliers. Be sure to check out delivery times and seller ratings.
3) Think of a suitable name for your online store. Check if it's available and register it. A strong, relevant name is crucial.
4) Next you need a website. Don't worry, you don't need major technical skills. Websites these days are relatively easy to build with plug in templates that are worth their weight in gold. You can realistically be up and selling within a few days.
5) Promote your website. You might have the best products at the best prices and a kick-ass website but if nobody knows about it what's the point?!
Teach yourself as much as you can about SEO, SEM, social network marketing and Google Ads. You can opt for paid courses to quickly grow your skill set. Make sure your business is GDPR compliant as a fine could wipe out any profits (and more!). GDPR stands for General Data Protection Regulation and it sets out how you should legally handle and process customer data.
6) Make sure you keep your website fresh and relevant and add new products to reflect current trends and seasons. A database of your customer's email addresses is a great way to get repeat business but make sure they have opted in to receive marketing (GDPR again!)
If you enjoy the drop shipping business model, and are making it pay, you don't need to limit yourself to just one website.
Remember, the more income streams you have the less you will rely on just one of them.
Now that's working smart!