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Why Online Tutoring Is the New Effective Way to Make Money at Home

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StrategyDriven Starting Your Business Article | Why Online Tutoring Is the New Effective Way to Make Money at HomeWhen we think of someone working two jobs, we often picture people working in retail or the food service industry, or someone who is trying to break into acting and doing another job on the side. While these are all real-world examples, the reality of job juggling is a lot different than we assume. In fact, in the US there are about 13 million double-job holders that are working multiple jobs to make ends meet.

How popular is the gig economy?

The gig economy has been exploding recently, leading many people to picking up two or even three jobs to help make ends meet or to pay down their debt. Intuit performed a study that predicted that, by 2020, 40% of American workers would be independent contractors doing short-term, contract-based work for companies near and far.

While some people may think of this as misery inducing, the gig economy actually provides a lot of flexibility to a younger workforce that is demanding a more sustainable work-life balance. Gone are the days when people could start at a company at 22 and stay there until retirement. With our work rapidly shifting from a local to a global perspective, workers are finding themselves cashing pay cheques from far-flung employers who may only pick them up for a couple contracts before they move to another employer. This is perfect for stay-at-home parents who still want to contribute to the family’s income, people who prefer to travel too often to maintain a traditional office job, or for spouses of military workers or other workers who are forced to move on a regular basis.

The explosion of the gig economy is mostly thanks to a more mobile workforce due to our advances in technology. With reliable high-speed Internet, smartphones, and laptops available to almost anyone, anywhere in the world, working from where you are has become much more feasible.

Where are the biggest changes happening?

One of the biggest increases we’ve seen in the gig economy has been within the teaching and tutoring community. People with the skills to tutor people can help students across the world learn languages and basic skills like mathematics and science concepts. While it used to be that utilizing those skills meant moving to far-flung countries, you can now do it from anywhere with a decent Internet connection. However, you want to make sure you’re not going to end up accidentally giving away your services or getting ripped off. Money Done Right explains how you can earn money from tutoring without losing out.

Most people assume (incorrectly) that being an English tutor or offering tutoring in a subject means you have to be a teacher, but often it just means you need to be patient and skilled at what you’re trying to teach. This is a great way for college students to earn extra income while bolstering their own skill set.

But does it count in the “real world”?

Wondering if distance tutoring counts as something you can put on your resume? It does! A job doesn’t have to be with a large or local company to still be a real job. If you can demonstrate the skills you learned and what was expected of you, a part-time, distance contract can add just as much value to a resume as any “traditional” form of employment.

Keep These 7 Things In Mind Before Starting An Electronics Repair Business

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Keep These 7 Things In Mind Before Starting An Electronics Repair Business

Starting your own electronics repair business can be a daunting experience. Business registrations, gaining customers, making them come back for your service, and updating the company’s system are just a few of the things that will keep you occupied. To help you become successful in your electronics appliance repair business, here are 7 things that you must keep in mind.

1. Get Information Via Market Research

Knowing your market can help you get near to success in no time. Having enough knowledge about the latest trend and if your service is in demand can help you decide whether it is best to keep or quit your current job to start your own business. Surveying to check on how many of your competitors are currently in the area will help you find the best location for your business. Look for a place that has fewer market shares to gain more customers. Also, you have to be certain that people in your area will opt for repair rather than buying a new unit or equipment. Check if the repair volume in the market is considerable enough for you to start your own business.

2. Having Enough Customers Before Starting

Put effort to gain enough customers before starting your business. A strong customer base that can give you a regular income and sustain your monthly expenses can be a good sign that you can already stand on your own. Earning new customers will take time and if it takes a much longer time than you expected, it may have a big effect on your business’ financial support. This tip particularly applies to businesses with no solid financial backup and may not apply to all.

3. Seek Advice From Pioneers

Be humble enough to ask for advice, opinions, and suggestions from those who are already successful in running a business. Always make room for improvement even if you feel that you have already achieved something. Try talking to those who are pioneers in the business field and get ideas on how to keep your business rolling. You will learn new tactics and you may be surprised by their humble beginnings. They may also give you a hint on what to avoid or how to face challenging situations that may put your business at risk of shutting down.

4. Make Friends Not War

Competition in the field of business is not new but it does not mean that you will treat all of them as your enemy. Being friends with other repairers can help you discover things that can improve your repair business. Information such as where can you buy inexpensive spare parts such as Current Sense Resistors, learning new techniques in fixing electronic problems are some of the benefits of being a good friend to other electricians.

5. Avoid Blaming Others

Avoid blaming others when you lose from your competitors. It is better to honestly examine yourself if your service is high enough to satisfy your customers. Are your repair fees reasonable or is it too expensive? Do you wear a smile when potential customers come to your shop to inquire? These are some of the things you may consider to help increase your sales.

6. Invest On Repair Tools Or Equipment

Do not settle for weak and low-class repair tools. You may lose your customers when your equipment keeps on breaking. This may damage your good reputation. Invest in durable tools and test equipment that can help you solve electrical problems quickly and accurately.

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7. Be Realistic With Your Goals

Expectation versus reality. Avoid unrealistic expectations because it can lead to frustration. In your infant stage, you cannot expect that you can make fast money. It takes time to make a business successful so do not give up easily. You can learn from your mistakes and eventually cope up with what is really good for your business. As the saying goes, “Quitters never win.”

May these tips help you become successful once you decide to put up your own electronics repair business. We wish you well!

What You Don’t Know May Be Hurting Your Business

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We tend to think of our companies in terms of what we can do, what we can bring to the table. However, while it is, of course, recommended to focus on those positive aspects of your business, you should also keep in mind that there are other things that’ll influence your chances of success. For example, the things that you don’t know. If you’ve got some blind spots in your knowledge bank, then your venture won’t be as watertight as it could be — and what’s more, you might not even know it. Below, we take a look at a few key areas where entrepreneurs often fall down.

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Your Competitors

You might think that you’re doing all the right things at your business, but are they as good as what other companies are doing? If you’re not actively keeping tabs on your competitors, then you should be. By checking the practices/products/services of other companies, you can see the areas in which you need to improve. Now, it’s not like you need to adopt everything that rival businesses are doing — just being aware and making sure you’re not falling behind will be enough.

How to Hire

You might have begun your venture as a one-person operation, but there will eventually come a point when you need to hire employees if you’re going to develop. If you’ve never been an employer before, however, then this might prove to be more difficult than originally thought. There are right and wrong methods for bringing a member of staff on board; get it right, and you’ll have an employee who can help push your company forward. Get it wrong, and you’ll have an expensive mistake on your hands. As well as knowing how to hire, you’ll also need to look at yourself, and learn how to work with others. You won’t get the full benefits of having an employee if you can’t properly delegate work.

Specialized Fields

It’s not possible to be all things for your company. You’ll be spreading yourself too thin if you’re the leader, the paper pusher, the receptionist, and so on. And there’s another reason why you shouldn’t take on all the tasks: some are specialized, and too important to be handled by a non-expert. We’re talking about things like your internet marketing. Because SEO is so important to the success of a business, you’ll want to work with a company such as Local Spark Marketing. Other areas of your business you’ll want to outsource include your accounting and legal matters – these are complex tasks that require expert hands to ensure they’re completed correctly. You may also find it very useful to take a look at this Data Analytics Infographic; it is so important to consider analytics if you want to be successful in your career. Understanding the big picture of how your marketing strategies impact certain target demographics, can really help you to hone in on your audience. Exploring the impact of data analytics might be worth the while if you want to specialize in this industry.

Where You’re Going

While you’ll want to mostly focus on the day to day tasks of your company, you should also keep an eye on the future. If you don’t, then you might find that it arrives and you’ve got nothing in the pipeline; you are just where you were two years ago. Additionally, you’ll also want to stay on top of any upcoming issues that may affect your industry in general.

How 21st-Century Solutions Could Save Your Business

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Owning a business nowadays can be a struggle. It can cause stress, worry and be a financial burden. Today we are going to be looking at how you can alleviate some of those daily stresses just by updating some of the ways you do things.

StrategyDriven Managing Your Business Article | How 21st-Century Solutions Could Save Your Business

Outsource

Trying to do everything yourself is something every entrepreneur is guilty of. The result is always the same, exhaustion and burn out which results in a very moody boss.

The solution to this has been made ever more available, especially over the last 10 years. Outsourcing no longer has to be an outside consultant, prancing his way around your offices telling you what you should do.

It is now a fantastic option when it comes to adapting to survive. The key to succeeding in business is simple, it’s all about cash flow. So you can save some money, that’s perfect, right?

You can have your leading expenses outsourced and have all of your IT solutions dealt with from an outside company. You can even have a company operate a customer service solution for you. These companies are great and over the space of twelve months, they can save you an average of around 60% on what you would generally be spending on a salary.

Cloud

The cloud has become one of the most valuable tools we can use as business people. It can offer so many solutions.

Most people still think of the cloud as just a space for storage. In reality, it is so much more. Nowadays we can have cloud-based bespoke customer management systems that we can access on an international level. We have access to cloud-based accounting systems that allow us to manage international finances all in one place. We even have companies like SimplyClouds that will allow us all in one license service on our software.

Turning to the cloud can not just help you as a business, as far as 21st-century solutions go, you should be utilizing it at every turn. It will allow you to operate from anywhere in the world, at any time.

Should you be looking to expand, all of your data is in one place and easy to duplicate to a second or even third location.

Social Media

Gone are the days of expensive, bank-breaking advertizing campaigns. You now have the power of social media at your fingertips.

Social media is so much more important than you think. If we go back 20 years, it would cost huge rates just to reach a few thousand people. Now, with a little bit of knowledge and the right campaign, we can hit millions overnight.

Companies have built their reputation built on nothing more than Facebook videos, vines, and Youtube videos. The perfect thing about these videos, they not only cost nothing, given the right amount of hits, but the videos also start to bring in revenue for you.

Although it is a tough market to hit, you should consider approaching a social media mogul who can push your campaign. One thing you should not do is ignore the power of social media, it could be your winning move.

A Guide: How to Stop Wasting Money in Business

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StrategyDriven Managing Your Business Article | A Guide: How to Stop Wasting Money in BusinessTurning over a profit isn’t the only important task that you face as a business owner. You also need to consolidate this money that you make, which is why you need to avoiding wasting it at all costs.

It’s going to mean making use of all resources afforded to you, it’s going to mean making smarter investment choices, and it’s going to mean honing in on your mistakes — it’ll all be worth it in the end, though, when you’ve got a heap of cash to invest into the growth of your business.

To unearth all the things you can do to stop wasting so much money in business, be sure to read on.

Minimize your tax bill

Nobody likes the tax man, but unfortunately, he’s never going to go away. There are, however, ways to minimize the bill slapped on your desk every year.

To minimize your tax bill, you should:

  • Keep a track of your business expenses (receipts, invoices, vehicle mileage, etc.) and then seek to claim for them
  • Tap into the Annual Investment Allowance (AIA)
  • Research and make use of tax reliefs (such as the creative industry relief)
  • Pay your tax bill as early as you can

Invest in good website design

Marketing, especially digital marketing, is essential in the world of business. By not running advertising campaigns, quite simply, you won’t spread your company’s message or attract new customers.

As important as marketing campaigns are, however, they need not cost you an awful lot. More to the point, they need not cost you as much as you are no doubt currently shelling out on them. When you choose to invest your money on good website design instead of advertising, you’ll be sure to find yourself saving thousands in the long run. This is because you’ll have a platform that can act as a constant source of important information; your website can spread your message at all times, meaning you won’t have to constantly spend your money on spreading it yourself.

To ensure that your website does everything a marketing campaign can do and more, you have to align yourself with a web design company like Plego Technologies. They will make sure that your website works well in both a practical and aesthetic sense.

Turn off and unplug your devices

Even when they’re not being used, if they’re still plugged in and turned on, the various devices that you use in your office could be costing you an arm and a leg. They will be using up what is known as ‘vampire energy,’ which means they will be draining your electricity bill for no reason whatsoever.

Before you leave your office of an evening, you and your employees have to go around and make sure everything is turned off and unplugged. Other important forms of action you should be taking in this instance include:

  • Tweaking your power settings so as to ensure your devices shut themselves down or go into hibernation mode whenever they’re not being used
  • Resolving to never leave your desktop computers and laptops on their screen savers — believe it or not, doing this is worse than leaving your monitors and screens to go black
  • Never forgetting the peripherals (your printer and speakers, for instance), as they can suck up a lot of ‘vampire energy’ too

Take the above advice, stop wasting so much money, and put the cash you save to good use!