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Starting sideline Business for a young professional

Asked by: 2122 views
Business & Entrepreneurship, Income Opportunities, Investing, Personal Finance

Good Morning Everyone I am back from nearly half a year of inactivity hehehe.

 

I am just to busy at work at a manufacturing company in cavite as a company nurse. and now a regular employee hehe, now im starting to save even more becuase i have a savings in my salary in our company.

 

Here is my Question

 

For a young proffesional like me who also have stocks in the stock market, i want to establish an active income with me not just passive. What is the best income generating ideam, i have tried loading business but sad to say i failed becuase of varios reason and im looking to find new ways of income.

 

I dont consider MLM, networking and other get rich easy way scheme. I want to have a business with low starting capital even im working for 8 hours.

 

Regards to sir FITZ i miss you guys

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4 Answers

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  1. Fitz on May 17, 2012

    Hi erds518. What about selling stuff online? There’s a lot of eBay and Multiply success stories out there.

    Also, you can try blogging… it takes time, but nevertheless a good source of active income, which becomes semi-passive after a couple of years.

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  2. ForsakenOne on May 17, 2012

    Yep, blog about your passion.

    Even if you aren’t an expert, or it’s obscure (doggie shirts!), you’ll get sometihng for doing what you like.

    or:

    Write a book! (it’s only passive after it’s published;) Again, you can write about things you like/love. Or heck, write everything you hate and why you hate them – in a funny and/or constructive way of course.

    or:

    Ever heard of Amazon Turk? basically a crowdsourcing thing, but google can explain it better than me. A few other web companies have somehting like this too, but i forgot which ones…

    Or:

    cook/bake and sell in your neighborhood or workplace?

    Or:
    Program apps/games for the iphone! tools are free (i think) so only your time and skill is needed… although there might be a 99$ fee to post apps on the istore though, so probbaly not a risk-free venture….

    Or:

    dyaryo/bote! :D Php40 per kilo of pet bottles… ok, i’m not serious, but if you have a lot of junk lying around, try hauling them of to a recycling center or junk shop. Along the way, keep an eye open and maybe inspiration might strike you…

    Or:

    tutor kids! :D …you might need to be certified or something, sorry i dunno. but if you like kids it might be worth a look-see

    Or:

    if you have money, look into owning/opertaing a tricycle (and just hiring a driver). Not sure how this works, but if there aren;t a lot of tricycles in your area yet, it might be worth a shot – just be sure to hire a driver you have confidence in. -Big risk because of the capital, and semi passive, but you’ll probably be exerting a lot of effort doing the cost-analysis and raising capital – not to mention studying the business.

    Or:

    maybe you can look at your skill set and see which one you can freelance with.

    There’s probably more ideas out there but I can’t think of more.

    (Anyway I’m thinking of putting up a load side-business, any warnings on what could drag it down?)

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  3. kidlatero on Jun 08, 2012

    @ ForsakenOne thaks..may natutunan ako sa post mo..

    by the way..tunkol sa tanong mo sa loading business,,

    malaki ang capital na kailangan sa negosyo na yan.. at ang laki ng tutubuin mo ay naka salalay sa kung gaano kadami ng load/prepaidcards ang maipagbibili mo..

    mag ingat ka lang sa mga manloloko..at nga pala..load /prepaid cardsang unang tinatarget ng mga mangagantso..lalo na ng mga budol budol gan..

    yun lamang ang nalalaman ko sa hanap buhay na iyan

    tnx

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  4. chris barcelona on Nov 21, 2012

    if you are a designer you could make money either online or offline. You could start by building networks, making friends, widen out like make some sort of a business card stating what your services are, where your website is and contact. Then distribute it offline. I was lucky I got friend in mister donut. He was actually my fellow graphic artist on the last company we attended. Mister donut gave me a steady project since I finished their New Greenhills store project eg. Menuboard designs, posters, and wall mural. It was convenient for both of us you know because it’s a friend thing easy to talk like that. So friend and people who know you personally is the key. The challenge lies on how could you be liked if not with everybody but at least with some people you know. You could also create a You tube presentation about your services although it is viral but its tough because of competitions. At least you have made an effort to promote your site via link on you tube. You could also use your You tube link to your site. Your site is very crucial for a visitor to get to know you. Of course you have a contact info, about you and your services there. You have to consider what the visitor could benefit by visiting your site or what they will get from the services you offer. Not only that, if you heard about the website called Squidoo. It is also important to have that site (Squidoo) to write something about you. Squidoo is a google search friendly, so there could be a chance your blog could be found by your potential visitor. I still don’t guaranty that you could build traffic. But it is still youre creativity that counts. One important thing before you write an acticle is consider first an effective key word. You could copy and paste your you tube link about your services for example on Squidoo so when a visitor read your article they could also see your comprehensive presentation on you tube. I hope you get what i mean. If you can’t do those writing or uploading try to hire someone to do the job you know, try to be a rock star I mean you have to have a manager a make up artist and people around to assist you to reach your goal. Try this for an example : I am a designer but still I cannot do a concept design my client would like. What I do is to cross source, find a better talent than me. Be sure you know him or else he will escape the project with out you even knowing it happens. Get the idea? Delegate your project to other talents to help your name shine like a rock star. Im sorry but this is written in a Designers point of view. To help them utilize their talent not only in design but by creatively using outsourced individuals to fit on a certain project. Make it possible to happen.

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