Major Five Ways to Use Your Skills to Begin a Side Business

Major Five Ways to Use Your Skills to Begin a Side Business

Once you have determined which strengths you will plan on leveraging, here are five ways to turn those skills into a side business.

  1. Freelancing

If you have built up a set of marketable skills throughout your career and at your day job, you should consider the notion of initiating a freelance side business on the side.

There’s a rapidly expanding demand for talented freelance help, especially in the US with over 55 million freelancers in 2016, representing 35% of the workforce.

If your skills involve writing, designing, developing, marketing, social media management, or another high-demand digital skill, then you’re in a great position to start bringing on freelance clients. Start with building a high quality portfolio website to list your skills, showcase examples of your best work, and display reviews from past co-workers or bosses as you get up and running. Create a very clear picture of who your target freelance client is going to be, and make sure you’re tailoring your website and reach out experience to what that individual is going to expect.

  1. Blogging

One of my favorite side businesses, albeit a very long term investment in my future, has been beginning a blog and building up a loyal audience of regular readers. If you are comfortable with the potential that it might very well take you years to start earning a decent income from one of the various ways to monetize a blog, and you have a knack for building connections with people through your writing, then this may be for you. Be certain to initiate with a niche topic that’ll give you the opportunity to become well-respected within a close-knit community, before you set your sights on expanding into a very large market.

Your credibility platform will be of great importance moving forward.

  1. Online Coaching

If you’ve a marketable skill that others need to possess or get better at, then there is a market for being paid to coach individuals, one-on-one, into an accelerated learning experience. The emergence of easy-to-use online coaching websites such as Savvy and Clarity.fm already provide you with a built-in community of people looking to work on various different types of skills. The most exciting thing about starting an online coaching business on the side business is that once you’ve perfected your teaching experience, you’ll be able to easily package it into a more scalable version—an online course.

  1. Online Courses as Side Business

As with online coaching, when there is a growing demand for a skill that you possess, one of the best ways to monetize that ability of yours, is by developing a genuinely helpful online course for others to go through at their own leisure.

While the setup time and upfront investments are huge (in terms of your time) with this business model, it is believed to be one of the most scalable online businesses out there today. Teachable has become one of the best resources on learning how to launch an online course business, as well as being the premier online course platform to power your course content once you have it built.

  1. Physical Products

Whether you have an idea for a new-to-the-world invention, a new spin on an existing product, or nothing more than selling a product in a new way or to a new market, there are infinite ways to make money selling physical products on the side.

If you are willing to get creative, there are a nearly unlimited number of ways to use your skills and start a side business that’ll have the potential to launch you into a side business career of self-employment.

Author

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