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Sunday, February 20, 2011

Money Making Opportunities

The Internet places a myriad of money making opportunities well within reach of individuals seeking to earn a first or second income, especially from a home-based business. Due to a high national rate of unemployment, many Americans find themselves forced to seek ways to support their families and maintain a reasonable standard of living. Some of the unemployed resort to traditional job-seeking methods, such as browsing through sparse help wanted ads or enlisting the services of temporary employment agencies. But some enterprising individuals just won't take joblessness lying down. By capitalizing on the same skills formerly used to secure good paying jobs, self-employed men and women can develop home-based businesses that have the potential to rival past income.

The key to zeroing in on money making opportunities is to assess what kinds of talents and tools are readily accessible to new entrepreneurs. Anyone with a home PC can tap into niche markets that will pay good money for computer-assisted services. Not everyone has an entrepreneurial spirit, but necessity can be a motivating factor and the outlook can be promising. Former bookkeepers, writers, accountants, marketing analysts, architects, and word processors can all use their professional expertise and computer savvy to earn substantial incomes; but it takes determination and extensive planning. Secretaries and administrative personnel who suddenly find themselves standing in the unemployment line can offer freelance and consultant administrative assistant services to small businesses or large corporations who don't want to spend thousands of dollars annually on benefits packages for fulltime personnel. The move from unemployment to self-employment will also require applying for an appropriate business license; printing professional-looking calling cards and brochures advertising services offered; and a home office with telephone, computer with Internet access, and fax. Armed with a list of prospects, new entrepreneurs are ready to tackle finding work.

Self-employed persons can take advantage of money making opportunities by approaching former business contacts and informing them of their decision to go solo. Contacting former associates is often the key to tapping into money making opportunities. Many companies don't mind working with a top sales executive or consultant, no matter whose shingle they hang their hat on. And to these corporate executives, an individual who has a reputation for high quality customer service and efficient execution is just as valuable going solo as they were while employed. If new entrepreneurs can convince former associates of an ability to optimally perform and continually provide superior service, then doors will open and the potential to operate a successful enterprise can be astounding. Self-employed computer-savvy individuals can specialize in providing corporate publishing services, such as employee newsletters, handbooks, technical orders, or custom-designed forms. Providing the general public, especially other job seekers, with professionally written and printed resumes, cover letters, or referrals is also another way of generating full- or part-time income and turning adversity into opportunity.



Just because the company fails does not mean that its employees have to fail with it; and a pink slip can be the perfect opportunity to develop a new enterprise and tap into new niche markets. The key is to develop a product or service which creates a demand at a price consumers are willing or able to pay. More money making opportunities may exist in business-to-business commerce. Regardless of the economy, small and large corporations require individuals with expertise in marketing, design, or other computer-assisted fields. Many businesses would rather hire freelance designers, creative consultants, and account executives to work on a contract basis for a short term, rather than expend considerable budgets retaining several fulltime employees, especially in a recession. Smart home-based entrepreneurs can take advantage of an economic recession which prohibits companies from expanding a permanent workforce.

Establishing an affordable hourly rate and offering valuable professional services to local and web-based companies offers a myriad of money making opportunities for individuals who are willing to put forth a considerable effort. Take a look at the competition and see what makes them successful. Even if the competition has a larger advertising budget, small entrepreneurs working on a shoestring can still utilize big corporate marketing strategies on a smaller scale. And while large companies may have a team of sales professionals, an in-house print shop, and tons of money for mailing promotional pieces; self-employed individuals can take a less expensive route by utilizing local quick print shops and employing family and friends for production. Small business owners may have to work harder, but the potential for earnings is well worth a little sweat equity.

Anyone with a home PC can also make money selling on consumer-to-consumer bidding sites. Everything from used furnishings to vintage record albums can be sold to the highest bidder, as home-based entrepreneurs rack up huge sales from the comfort of an easy chair. Other money making opportunities include pet sitting and grooming, house sitting for families on vacation, or even computer repair or programming. Technical writers can earn extra cash providing content for government manuals or product catalogs and website content for public and private companies. Unemployed artists can capitalize on a demand for T-Shirts, mugs and other imprinted specialty items by selling designs to area high schools and businesses. Losing a job is no excuse to throw in the towel. By taking an assessment of one's talents and special abilities and packaging those skills to appeal to a specific niche market, unemployed individuals can take advantage of hundreds of money making opportunities to earn a decent living in spite of economic woes.

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