Make Money Without Going Anywhere
Millennials haven’t had the best time making money.
The cost of education has skyrocketed, wages have stayed pretty much the same and housing is massively unaffordable to the average young person.
It’s not surprising that Millennials are struggling to stick with jobs. They are dissatisfied with a lot that more fortunate previous generations have left them with and they’re not scared to say speak their mind about it.
As a result of frustrating or dissatisfying employment, more and more Millennials in the UK are actively seeking ways how to make money themselves, without having to rely on anyone financially. Plus, you can choose your own hours, location and direction.
Online business is easy and cheap
The costs of starting an online business are at an all-time low. You don’t need to hire staff, hire premises, buy work equipment, or pay bills.
Online business has no borders, you can hire experts for a fraction of the price from countries, where the cost of living is lower or outsource some parts of your business entirely.
There are now accounting software perfect for small businesses starting from ONLY £4/month. Reckon accounting software allows you to easily monitor your day-to-day income, expenses, cash flow with real-time reporting and a customisable dashboard. Plus, track VAT and prepare your VAT return.
Start an online shop
Setting up an e-commerce store is so easy with platforms like Shopify.
You don’t need to have any coding skills, and there are many free templates to choose from when it comes to web design.
Shopify offers users a choice between two pricing plans: Basic (starting from USD 14/month) and Advanced (starting from USD 79/month). The former includes all the necessary tools, such as drop shipping software (which allows you to import and sell products from other sellers), marketing tools, customizable templates, and more. The latter is designed for more demanding users – it allows them to add unlimited products, take advantage of advanced features and receive personalized support.
To give you an example of what a good online shop looks like, check out pink chocolate by Santa Barbara Chocolate.
Interested in learning more about the latest global eCommerce market statistics and trends? Read these E-commerce industry reports.
Being online means you can open yourself up to a global audience and sell to everyone in the world 24/7. The marketing opportunities online are endless and, frankly, more efficient and measurable than offline (we now Google everything before deciding to buy).
If you don’t want to manufacture your products, you can look into the dropshipping business model. Dropshipping is an eCommerce business model, where a drop shipper forms a business partnership with suppliers, who receive orders from your website, package the products, and send directly to customers on your behalf.
Dropshippers are responsible for delivering products to customers on time and in one piece. Most dropshippers and eCommerce businesses use third-party logistics to deliver and in many cases to offer customer returns for their items.
Start a blog
If you have an interest in travel, fashion, cooking, marketing or anything else, and you’re bursting with creativity, you should start a blog or vlog.
I’m a big believer in profiting from your passions and side-hustles, and with commitment and some time, you can make money by offering advertising space and reviews of products on your blog or vlogging channel.
Many popular bloggers create informational products, like self-published e-books, digital courses and provide coaching sessions on Skype etc.
The larger the blog’s audience, the higher the chance you have at creating a successful business out of it.
Making videos on Youtube is now a lucrative business.
PewDiePie, the wealthiest YouTuber, has earned an estimated $124 million since 2010 on YouTube.
As young people watch less TV, YouTubers are becoming the new celebrities and so the online influencer business is booming.
Offer your services online
If you have digital marketing, writing, and video production & editing skills, you can find plenty of work without leaving a house.
You can join platforms like Upwork, Freelancer, YunoJuno, The Work Crowd, 90 seconds, ICUC, eModeration, LiveWorld, 99Social, Lithium etc.
Solopreneurship & lifestyle business trend
This internet-based working represents a new approach to business, where independence and autonomy matter just as much as money.
Today’s platforms are so sophisticated that you can get everything from payment systems to warehouse sortation with hardly any fuss.
There are millions of Millennials, who are dreaming big and trying to keep themselves happy without having to have a 9-5 job.
Some of them start their own businesses without knowing all ins and outs of rigorous business planning or and gathering resources, rather they believe in the self-execution of their ideas.
Independent professionals typically represent a new model of entrepreneurs, called solopreneurs, who …
• Are highly-skilled self-employed workers without employers or employees, who offer specialized services of a knowledge-based (not time-based) nature
• Can begin to trade immediately without any funding or a business plan and often learn business skills as they go
• Solopreneurs have no intention of adding staff. They like working by themselves
• Solopreneurs don’t wait for a buyout. Instead, they measure their business success in unconventional ways, balancing income generation with a great lifestyle, flexibility, and personal well-being