As an employee, the idea of going self-employed can seem like the dream. But it can also be a little scary. Where would you start? How do you get set up? How can you even earn some money? Right now, there may be so many questions that are going round in your mind – and that’s natural. You can often be so confused that you put off the idea of starting a business altogether as it just seems like too much to take on.
But if it’s something that you really want to do, and you’d love the freedom of being your own boss and controlling your own income, then it’s time to let that fear go and feel confident instead. So to help you get started, let’s take a look at some of the income options you have to at least tick that issue off of your list.
1. Selling Your Services
First of all, you’ve got the option of providing a service. When you’re someone that’s really skilled and experienced in a set area of work, you could look to continue on doing this – but freelance or for yourself, instead for your employer. Examples include writing, accounting, or designing.
You would then charge a set fee for your services, or offer packages, that allow you to generate income on an hourly or by project basis. Just make sure that this won’t be against your contract when you leave your company.
2. Selling A Product
Then, on the flip side, you could sell a product. Here, you would come up with a company that’s in a set niche, like a bake shop or a clothing retailer. You could then make your own product or buy wholesale goods from a manufacturer, to sell. Then, rather than charging for your service, you would then sell products as fixed unit costs.
3. Consulting
Similarly to the idea of providing a service, is consulting. But, when you become a consulting, you’re not really changing a set service – such as writing or design.
Instead, you’re providing advice in the area that you’re an expert in. Maybe you’re great at growing companies and want to be a business consultant? Or maybe you’re a qualified nutritionist and can consult patients on their diets? Here, your price could be hourly, or a fixed fee.
4. Investing
And lastly, you may also want to think about investing, and how you can generate income via the money you already have. Now, before you do start trading, it will be handy to do some research.
So look online and start learning about CFDs, stocks, and anything else that may interest you. While this could become your full-time gig, it could also be something that you do to supplement your income.
So, what will it be? Do you think you want to take on any one of these income options, or are you excited to get started with all four? Anything is possible if you’re willing to work for it.
