Working as a self-employed individual can be tough, but at the same time it can be very lucrative if you choose the right career path. Many people have taken the leap to self-employment and were richly rewarded for it. All you need is some persistence and the right business idea.
Creating a Product
Depending on your skills and talents, you may be able to create a product that you can sell to others. For example, if you know how to design websites, you might start a design firm that develops and sells websites to businesses. If you are creative, you might be able to sell your artwork. You may be able to come up with an invention and sell it through an online retailer. While many products never get off the ground, the best ones can be very profitable for the inventor.
Although starting a cleaning service may not seem glamorous, it can definitely pay the bills. You can start a cleaning service that focuses on a specific niche, such as house cleaning or cleaning boats. You could also start a commercial cleaning service that cleans office buildings on contract. In some cases, you also can buy cleaning franchises that help you get customers and increase your credibility. Buying a franchise is not a requirement, as you can start out with a shoestring budget as well.
If you are handy or you have a specific set of skills, you may be able to start a repair business. When the economy is struggling, many people would rather pay a little money to repair what they already have instead of shelling out full price for something new. For example, you could repair shoes, computers and other electrical equipment. Many people also like to remodel in down economic times, which means you could start a home repair service also.
Thanks to technological advancements, much of the workforce now works on a freelance basis. You can do many jobs from the comfort of home as long as you have an Internet connection and a computer. For example, you could do freelance writing, web design or graphic design on a freelance basis. Many companies would rather pay a freelancer instead of paying an in-house person to do the same thing. They can save on benefits and pay people who live in areas with lower standards of living to do the same work.