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How I Make Lucrative Income by being my own boss

I was working in a corporate setup before I started my own business. While I did enjoy my job there, I was getting increasingly frustrated every day with the pressure I had to handle on an everyday basis. I didn’t have the freedom to implement my ideas and I had to perform my work within strict timelines. I couldn’t handle the pressure any longer as it had started affecting my health as well.

That’s when I decided to quit and become my own boss. Today, I work in an environment which gives me the creative freedom to execute my ideas and learn from my mistakes. I only take up work that I can deliver so that I don’t end up disappointing anybody. I learn new things continuously and I can proudly say that I have grown a lot, in the creative thinking department. Here’s the icing on the cake – I earn handsomely too. I work in hours that are very flexible and earn a more than reasonable income as well.

I know that most of you are working in high-pressure environments and are always stressed about work. So, here are some ways that you can try if you want to be your own boss and also earn handsomely from it.

Writing/blogging

Do you have a flair for writing? Do you have a specialised knowledge of a specific subject? If yes, you can put your knowledge to good use by writing articles, blogs, website content and other academic content, during your free time. This way, you not only earn a good amount of money but you are also of help to many people who are in need of good content. Since I studied finance, I started writing basic finance and investment based articles for people who are looking for ways to save their money with the right sources. The best part about this job is that I don’t have to utilise all my time to it. It demands about 2 to 3 hours of my time every day and I have a lot of time on my hands to utilise for other money-generating purposes. Think about your passion and search on the internet. I am sure you will find many opportunities to earn income by putting your writing skills to good use.

Teaching

If you are passionate about teaching and you know to make use of technology, here is one of the most profitable ways for you to make money online easily. Arrange online courses with video and audio-based tutorials on the subject that you are an expert at and advertise about the same across all social media platforms. Tell your target audience how your course would benefit them and offer discounts for people who subscribe early. This will encourage a lot of people to take up your course. Ask for feedback regularly to know if the users are satisfied or not, so that you can make plans to expand into advanced courses in a systematic way. However, when you are planning to become a coach in this way, there are two things that you have to remember. Firstly, you must be an expert on the subject and highly knowledgeable about the same. Secondly, you should make your course interactive and unique from competitor courses to score brownie points among your target audiences.

Make money from your inborn talent of hand skills

If you are one of those few people who love to craft things out of your own hand, you stand a good chance to earn handsomely by being your own boss. Make handcrafted goods like wall hangings, ornamental items, bamboo baskets and other interior décor pieces and sell them on online retail giants like Amazon, eBay, etc. You can get to showcase your products to a wider group of audiences this way. Yes, you may have to pay some commission to these sites, but it is completely worth it because you get a wider reach of target audiences and more profitability this way. Handmade items could also include glass paintings, oil paintings, murals and more. In short, if you have a skill, don’t hesitate to show it to the outside world and monetize it. You need to trust me when I say that there is a huge market potential that is waiting for you to tap by selling your handmade goods. Don’t let the opportunity slip away from your hands.

Daycare for kids

Are you good with kids? Do you love to spend time with the tiny tots? If yes, here is the perfect way to convert your hobby into your job. You can enjoy being your own boss and also earn handsomely by opening a daycare centre for kids. When you start off, you can start off from your home by taking care of a couple of kids. Once you find the idea practical and profitable, you may proceed to rent out a new place when you get more kids. Yes, there is a considerable amount of investment needed in this plan as you may have to buy furniture, toys, puzzles and other facilities that are required for the kids. However, in today’s modern age, where both the parents are working in most of the cases, there is a huge demand for high-quality daycare centres. If you take care of the kids for about five to six hours every day, you can earn a very decent income annually. I am currently doing this and I am very happy because I get to spend the whole day with an innocent bunch of kids. I can see a change in my personality as well, as I am more patient and positive than before.

These are only some of the ideas that I have tried out to earn money by being my own boss. You could have a different skill set. All that is required of you is to assess your strengths and to make maximum use of them so that you don’t have to feel pressurised to work under anybody. When you know there is immense potential in you to earn a lucrative income by yourself, you will become more responsible than before. I have been there, done that! So, you can trust me on this!

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