In recent years, entrepreneurship has gotten a bit of a facelift. The days of having to get a business loan and buy or rent a brick and mortar space are long behind us.
The digital age has granted us an enormous opportunity. It’s become commonplace to offer your expertise to others and generate revenue in the process. And the best part…it can be done with little investment from the comfort of your own home or anywhere with an internet connection.
Consider these stats:
- The face of traditional employment is changing. By the year 2020, it’s estimated that 40% of Americans will be self-employed – that’s 60 million people!
- Internet usage is growing at a rapid pace and that equals a huge opportunity for entrepreneurs online.
2014 Internet Usage – 253.1 million
Projected 2016 Internet Usage – 265.6 million
Projected 2020 Internet Usage – 279.3 million – that’s 13.7 million more people on the internet!
The data doesn’t lie. Now, more than ever, is the best time to start your entrepreneurial journey and you don’t have to quit your job right away to do it.
There are people searching on the internet, right now, searching for an answer to the problem that’s keeping them up at night. And guess what? Your unique gift is their solution.
With that said, I’m sharing the top 10 businesses to start while working full time. And you can work these businesses from anywhere with a low investment (without taking out a loan), build up your clientele so you can eventually quit your 9-5.
1. Life Coach
If you find yourself constantly helping family and friends navigate through challenges or reaching their goals, you may have what it takes to be a Life Coach. Consider yourself to be the people’s champion. You’ll get paid to help your clients with goal setting, accountability, and give them the push they need to achieve personal success.
Areas of expertise: Parenting, Career, and Life Transition.
2. Business Coach
Can you imagine helping others take an idea and turn it into a business? Or, maybe you’ve acquired a set of business skills in your career that has helped your employer achieve results in their business. Well, my friend, that experience can you help you generate revenue as a Business Coach.
Areas of expertise: Marketing, Sales, and Leadership
3. Health Coach
If you enjoy helping others make better choices that lead to happier lives, you would be a great fit to start a health coaching business. Health Coaches are passionate about educating and supporting their clients to meet their weight loss and fitness goals. Your ideal client might be an executive with a demanding career who’s struggling to stay in shape or a busy mom who would like to play her kids without getting tired or get her beach body back.
Areas of expertise: Nutrition, Fitness, and Holistic
Got a way with words? If so, there’s a ton of potential clients out there who desperately need your help. Next to technology, writing good content is a constant struggle for entrepreneurs and working professionals. Most people aren’t good at writing, don’t have time to do it, or want to learn how to write better. In either case, there is plenty of room for your gift in the marketplace. So, it’s time to put your writing skills to work!
Areas of expertise: Sales page content, Blog/Social Media content, Ghostwriting, or Website content.
5. Web Design
With the explosion of online marketing, there’s also an increase in demand for websites and that’s where you come in. Most people are deathly afraid of technology. While some will take a stab at designing or building their own website, most won’t dare take the plunge. And the best part is, every business big or small is in need of a website. You can also specialize in a particular industry or work with a particular group of people.
Areas of expertise: Service-based, E-Commerce, Branding, or Blogs.
6. Social Media Consultant
Most businesses online and offline have one thing in common…they both use social media to market to their audience. If you have a wealth of knowledge on one or more social media platforms and love using them, you should think about becoming a Social Media Consultant. Your ideal clients will either want you to manage their social media accounts or help them map out a strategy to implement on their own.
Areas of Expertise: Facebook, Instagram, LinkedIn, and Pinterest
Bonus tip: You can also specialize in Social Media Advertising like Facebook Ads.
7. Marketing Consultant
Marketing is a scary word to those who don’t know how to use it to grow their business. Marketing, in the basic sense of the word, simply means to let your target audience know your services are available. In this role, you’ll help your clients create and implement strategies to reach their audience and convert them into paying customers. If you have experience in marketing and would love to offer it on an independent basis, this business is perfect for you.
Areas of expertise: SEO, Sales Funnels, and Content Marketing
8. Financial Coach
Love helping others navigate their money problems or reach financial goals? There are hundreds and thousands of people who could use your help. Your expertise will help your clients change their mindset and behaviors regarding their finances. And once they’ve overcome those challenges, you’re clients will be able to use their finances to better provide for their families and give back to their communities.
Areas of expertise: Debt Management, Wealth Building, and Money Mindset
9. Relationship Coach
Are you known as the go-to person for dating advice? Do you love to see marriages and families heal? If so, there are people who could use your expertise as a Relationship Coach. You can help others find the man/woman of their dreams or married couples to heal their broken marriage. Others may look to you to help them nurture strained relationships within their family. As a result, your clients will be able to live a life with healthier and happier relationships.
Areas of expertise: Family, Dating, and Marriage
10. Spiritual Coach
Not all goals can be reached through tangible resources. Some situations must first be dealt with by changing the things we can’t see. If you have the unique spiritual ability to empower others, you may want to consider becoming a Spiritual Coach. You would have the honor of using spiritual practices to help your clients believe in themselves, realize their purpose, heal from past hurts, or take back control over their lives. Either way, you’ll use your business to help others live more fulfilling lives.
Areas of expertise: Healing, Christian, and Intuitive
So, now that you have a list of the best businesses to start, I need to give you a fair warning.
Your biggest obstacle will be taking your business idea and building it into the freedom-based business you really want (so you can quit your 9-5). I experienced this when I launched my first business back in 2013. As a matter of fact, there were mistakes I made I wish I knew before the business launched.
That’s why I created a guide to help you avoid these mistakes so you can succeed the first time.
In this guide, I will share with you 10 mistakes that can determine whether you fail or succeed in your new online business. My desire is to help you use your unique gift to serve others and build a freedom-based business you love, so you can quit your 9-5 (like I did). And by avoiding these critical mistakes, you’ll do just that.
Sources:  FastCompany,  Stastista
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