Coming into 2017 I heard many people discuss their financial struggles. From not having enough to make ends meet, the lack of resources and opportunities within black communities and the expenses that come along with pursuing a higher education. Overtime, I have also heard cries for help from many men and women who have invested in education and remain underpaid or unemployable in their chosen field. On the other hand, there are people who have solely depended on their job and still hit rock bottom because it gave them no financial security.
The truth is employers aren’t always reliable or loyal to their employees. That’s why it is ideal to create more than one income stream and start thinking in terms of creating financial wealth through entrepreneurial efforts. If you get to know the average black American struggling to make ends meet you will discover that he or she has many different talents and skills that could potentially transform their finances. I have always been a firm believer that every individual should exercise power over their financial state which is why I have comprised the list below.
I hope that the following 20 ideas will be helpful to you in your pursuit of increasing your cash flow in 2017. If nothing else, it will get you thinking in terms of allowing your gifts to make room for you by turning your gifts, skills and talents into income.
Amazon/ Re-seller – Many people have built a business selling products and merchandise via Amazon and leveraging the power of reselling to supplement their current income while others decide to build a career. There is tons of information on the web on getting started with amazon. Check out the following articles: A Beginner’s Guide for Starting an Amazon FBA Business. How to Sell on Amazon For Beginners: It’s Easier Than You Think! Here’s How…
Babysitting – If you have a special love for children and interact great with them this is a great option. Different states have different requirements on the number of children you can have in your care without being registered. For more information on specific regulations in your state click HERE.
Blogging – Of course I included blogging! If you have enough knowledge to make blogging work for you it can be a rewarding hustle. There are many ways you can monetize your blog.
I’ll give you a few examples: #1 Create a brand producing eye catching, quality content and products that speaks to your audience. #2 Set up affiliate accounts – every time traffic from your blog is directed to another website or online retailer and a purchase is made you also make a percentage from that sale. #3 Sell advertising space on your blog. #4 There are many companies and causes that will pay you to write about them or their product. As with any new business venture you must start somewhere. A blog has the potential to bring in either little or massive income. How to Make Money as A Blogger
Book-keeping – This is an opportunity that can be very rewarding and continues to be in high demand. Many people believe that in order to see real success when beginning a business in this field you must have a ton of knowledge and have great math skills however, that isn’t fact. Here is a complete free training that will give you a ton of insight to starting a book-keeping business: New Training Show’s How to Start Your Own Book-keeping Business
Coaching – Are you knowledgeable in a specific area? Are you great at teaching a particular skill? Coaching continues to be a fast growing industry. From motivation, to business development, creating healthy relationships to marketing. Package and price your knowledge and profit!
Creating and selling e-books – Creating e-books can be a great way to gain exposure, build credibility and profit. What is your business? Many entrepreneurs have created e-books from instructional to workbooks and even self- help books. Visit the following links for more information: Writer’s Digest and “How to Create and Sell An E-book“.
Creating Online Courses/ Training Videos – What can you teach others? Examples: couponing classes, hair tutorials, public speaking etc.
Dance Lessons/Team – Are you a dancer, stepper or praise dancer? Have you ever considered teaching community classes for adults or children? Teaching or putting together a performance team in your community can become a great side hustle. Starting A Dance Studio at Home With No Money: A Complete Guide.
Gift Basket – My very first business was indeed a gift basket business. This business has great potential as a side hustle or a full time business. Gift Basket Business
Ghostwriting – If you have a passion for writing this could be a great opportunity for you. You can do anything from writing content for websites and companies to ghostwriting books. Here are a few helpful links to help you determine if ghostwriting is for you and how to get started. Street Directory: How to Start A Ghost Writing Business, Business Idea: Ghost Writing, and How to Become A Successful Ghost Writer.
Hair Braiding – There are 11 states within the united States that do not require a cosmetology license to operate as a braider. This is a business you can get into with little to no investment and ultimately expand. Be sure to check with your state to determine what you will need to operate legally.
Home Based Makeup Artist – If you’re great at doing make-up applications and you’re often the go to person when your friends want to get beautified for their night out this could be a great side hustle for you. How to Start A Freelance Makeup Business and Going Independent: How to Establish your Own Makeup Artist Business.
Join Upwork – Upwork is a platform for many freelancers such as writers, customer service agents, web designers, sales and marketing experts and more. You’d be amazed at how many people are looking for the services you can provide.
Musical Lessons – Many people are naturally gifted in sound or instrument. If you are skilled enough to offer lessons check out Music Lessons Resource they have a ton of information that can help you on your new journey.
Pastry shop/Bakery – Are you great at baking cakes, pies and other pastries? You can generate cash flow by offering your talent and service to consumers looking to purchase custom made cakes or other baked goods. Here is a couple of helpful links from Forbes and the SBA “Turning Baking into Business”. So, You’d Like to Start A Home-based Baking Business: Now What?
Photography – This is another option that could potentially be a great business venture. Your success in this field as in any business depends on your drive and what you put into making your brand stand out. Your brand should cause you to stand out from every other competitor in your industry.
Public Speaker – The key to making a profit with public speaking is positioning yourself as an expert and building your credibility. You will also want to be consistent with your marketing efforts. Here is a guide to help you build your public speaking business on a budget. Click >>HERE<< for more information.
Web Design Business – There are many pros to starting a web design business. For starters there is no requirement for office space, start-up costs are very low and it’s a flexible business where you can work only part time. That makes it a great option for college students or moms who would like more time at home with their children. Another great fact is web design is in high demand. Practically every business is in need of an online presence and more and more businesses are beginning to harness the power of the world-wide web.