The Surprising Advantages of Self-Employment: 8 Reasons Why You Should Consider Working for Yourself

The Surprising Benefits of Self-Employment: 8 Reasons Why You Should Consider Working for Yourself - letsreachsuccess.com - lidiya k

Self-employment is one of the best things I’ve done with my life.

It’s worth the hard work, time, patience and focus it takes to get there. Many new doors open up to you in terms of making passive income, designing the lifestyle of your dreams, feeling freer than you can imagine, and building and growing new businesses.

The path to getting there is also enjoyable and the advantages of self-employment are many. It consists of hustling harder than an average person, but if you learn to love it and always know why you do what you do, you’ll crush it.

If you aren’t there yet, though, and are having doubts as to whether to pursue that dream at all, I want to share with you why it’s worth it.

Here are the benefits of being self-employed that you may be forgetting about:

8 Awesome Advantages of Self-Employment

Working for myself was one of the best decisions in my life. Here are 8 solid reasons why too should become self-employed and enjoy all the advantages of self-employment: #selfemployed #bosslady #business

1. You are the boss.

Working for someone else is bad for our self-esteem.

You know you’re inferior to someone, and most often even to those inferior to him. The hierarchy in a company blocks your creativity, productivity and ability to be initiative and go above average.

What’s more, at some point you stop caring about whether or not you’ll do a good job and simply want the workday to be over.

What if you were the boss, though?

You’ll be motivated to work hard, make existing clients happy, find new ones, build relationships, promote your products or services more effectively, learn new skills to be a better entrepreneur and more.

The boss life is filled with responsibility, but the freedom and all the advantages of self-employment makes it quite pleasant too.

2. You set your own working hours.

One of the worst things about the 9-to-5 job is that you have to be there early in the morning, and are free at the end of the day when you don’t really have the energy to do what you want.

Your most energetic and creative time of the day, and of your most productive stage of life, is being taken away.

Not if you go for self-employment, though.

Everything changes the moment you know you can work whenever you want. That unleashes your creativity and makes you feel good.

And although you still work a lot, often more than 8 hours a day when you are getting your business off the ground, you love it.

What’s more, you can organize your day in the most effective way possible.

After experimenting for a while, you’ll find out what your best time for work is. That’s when you are more efficient, focus more easily and procrastination and distractions aren’t a problem.

Then, your job is to do your most important work for the day during that time.

It doesn’t matter if it’s the early morning before anyone has even started the day, the late afternoon when others are lazy, or even late at night when your creativity explodes.

It’s all in your hands. You still get the work done, but you do it when you feel like it.

The Morning Hustle Checklist [Free]
Learn Exactly What to Do When You Wake Up to Turn Your Passion Project into a Reality Soon

3. Do what you’re passionate about.

Another one of the benefits of self-employment is that you can finally do what you love, and thus never feel like you’re really working.

A regular job makes you hate what you do.

You don’t find any meaning or joy in it, you don’t have the creative freedom to take your project anywhere, you can’t work on what you feel like on this particular day, and you aren’t motivated to get better at what you’re good at.

But if you’re your own boss, you’d choose a niche you’re interested in. With every product or service you offer, you’ll be solving a problem you care about. Using your talents and skills will help you make them quality. And your passion for the field is a sure way to never get bored of what you do.

A book you might like: Finding The One Thing You Were Born to Do: From recognizing to monetizing your passion

4. Owning your time.

How 15 Successful People Describe Passion

Your time is in your hands now and no one else can control it.

You can spend it as you wish, or do nothing when you feel like you need to take a break.

When you start making more money from your lifestyle business, you’ll be able to take vacations whenever you want to. That’s yet another one of the great advantages of self-employment.

It works the other way around too. When you’re in the zone, you can work for 10 hours straights, and then rest for 2 days.

5. Starting new projects whenever you want.

At a regular job, you do what you’re told and can never take up a project when you feel like, or when you think you’re the perfect fit to get it done.

Your manager makes the choices, and often they end up delegating stuff to those who have been in the company longer, or have the best education, even though you and others in the office know he won’t do a good job.

With self-employment, however, you can take up all the projects you have energy for, stop working on current ones if they are taking you nowhere, work on many things at once if you’re still being productive, and rejecting new clients if you feel like you won’t enjoy working for them.

That’s creative independence.

6. You stay true to your values.

When being part of the corporate world, or simply having to answer other people’s expectations when our salary depends on that, we may agree to do things we wouldn’t do in any other situation.

What’s more, you may not be treated with respect in the workplace and that will ruin your confidence and lead to disappointment.

But on your way to becoming self-employed, you’re building character, defining your core values and making sure you stay true to what you believe in.

That gives you peace of mind, harmony and true satisfaction from the person you’re becoming and the work you do.

7. You’re likely to get rich.

If you work for someone else, you’ll never get rich, or be in control of your future.

But self-employment takes you on a different journey, one that can let you be wealthy and have the lifestyle you dream about with enough time, sacrifices, initiative and amount of hard work.

8. You get out of the system.

Employees are part of the system. They live in a prison and have no freedom or independence.

School, college and university prepare them to work regular jobs and to consider this a responsible life. As long as they are making money to pay their taxes, they are doing just fine.

That prevents them from thinking big, aiming high, taking risks, trying to build a business and even considering the thought of getting rich while having all their time back.

Few dare to say no to conventional wisdom and pursue their passions. Some give up because of the doubts and fears, the chance of failing, and the people in their surroundings telling them it’s impossible.

The ones who stay on this path long enough, though, are the game changes. They become their own bosses and experience the advantages of self-employment.

If you want to be one of them and feel all the benefits of self-employment, you owe it to yourself to take action as soon as possible.

Do it on the side first, until you start making your first money and feel confident in your abilities. Then, quit your regular job, break free from the 9-to-5 and work harder than anyone else to be able to live like a millionaire in a year (you don’t actually need a million dollars to do that, as most people wrongly assume). Just make sure you have a good grasp on doing taxes when you are self-employed as it can be a completely foreign process compared to ordinary income taxes.

Here are some things to get you started on the journey to self-employment and its advantages:

Make Your First Money Online Freelancing [Free Course] – I created a free course sharing my journey to making more than $4,000/month blogging. It all began with freelancing and you can use this course to follow the steps I took to become a freelancer with no experience and earn my first income online.

How to Start a Profitable Blog – This step-by-step guide to starting a blog is a must for everyone who wants to start earning online and become self-employed. Having your own blog is the first step to selling products, making money from affiliate marketing, building a name for yourself, getting traffic and monetizing that attention.

Blogging Resources To build a powerful site that turns visitors into buyers and monetize it well, you will need the right tools. In my Blogging Resources page, I’ve gathered the best of the best and the exact tools I’ve used to grow Let’s Reach Success and be able to make a full-time living as a location independent freelance writer.

How to Become a Millionaire Online

4 Ideas for Side Hustles – Check out 4 side hustles you can start on your own and no later than this weekend that can be your chance to achieve financial independence.

My Monthly Income Reports – If you’re curious how bloggers make a living online, check out my income reports. I publish these monthly and share all the numbers together with the lessons I learned and the new things I’m working on.

Making Sense of Affiliate Marketing If you’re not earning money through affiliate marketing, then you are leaving money on the table. This step-by-step affiliate marketing strategy course shows you how to increase your affiliate income and make more money blogging. It’s my Michelle from Making Sense of Cents who went from $0 in affiliate income to over $50,000 per month (and also the first online course I’ve ever taken).

What do you think? Are you ready to become self-employment and experience the full list of advantages of self-employment?

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Becoming an Online Merchant: 4 Tips to Find the Perfect Product to Sell

Becoming an Online Merchant: 4 Tips to Find the Perfect Product to Sell

E-commerce is a booming industry and will only continue to grow in the coming years. That’s why it’s not so surprising that there are plenty of people who want even just a small slice of the proverbial pie.

But whether or not you are looking to establish a full-blown online store or would simply want to supplement your income by buying and selling items on the side, you have to pick a product to sell that would, well, sell.

With the right marketing strategy, one can argue that anything and everything can be sold online. However, the real challenge is finding a product that is conducive to success. How do you find that product? Here are a few pointers.

Finding The Ideal Product to Sell

1. Target Hobbyists and Collectors

You’ll be surprised by just how much money hobbyists and collectors are willing to spend to fuel their passions.

If you have a knack for finding rare items, you’ll be a big hit with collectors. Whether they’re interested in action figures and toys, lapel pins, first edition books, stickers, sports cards, or even antique dinnerware. Just make sure that everything is legitimate.

Meanwhile, there is no shortage of hobbies on which people willingly invest their time and money.

Some of the more popular ones include biking, fishing, knitting and crocheting, calligraphy, model building (including radio-controlled vehicles), and handicrafts. Look for a leisure pursuit where you can act as the product-based solution and you’ll easily enamor yourself to these customers.

2. Something Hard to Find or Can’t be Bought Locally

There are some things that can be easily found in a local grocery store or a specialty shop — say gardening or baking supplies. But what about specialty foods, magician’s accessories, eco-friendly products, and fandom items?

Most likely, people will go online to find these. You can enlist the help of Google Trends and Google Keyword Tool to get a glimpse of what kinds of products people are searching for online and use the results as a guide to pick a niche product to sell.

You can also try to sell products that can’t be bought or difficult to procure locally, like Japanese Kitkats, the “three-story” alfajor Oreos, or Asian beauty products. The latter, in particular, is a good place to start since a lot of products are only available in select countries or regions but are available through wholesale Asian cosmetics websites. Do the hard work of sourcing these products (and offer them at reasonable prices) and see just how much your customers will love you.

3. Star with The Accessories Before The Big-Ticket Items

When people buy big-ticket items such as 4K TVs, high-end smartphones, and gaming laptops, they buy them only once. Their next purchase of these kinds of products will probably be in the next two to three years.

These are big investments, after all, and people are much more reluctant to spend huge amounts so often. However, accessories are much more common purchases and people are relatively more agreeable to spending more often on these items. Especially when they’re meant to increase the performance or ensure the longer life of the bigger product.

Think about HDMI cables and switchers for TVs, charging cables and power banks as well as cases and protectors for smartphones, and gaming accessories like a mouse, a keyboard, and a good pair of headphones.

If you already sell the big-ticket items, then it’s a wise decision to add the accessories to your online catalog. If you’ve yet to choose what to sell on your online shop and/or you have a limited capital, you should consider selling these kinds of accessories first.

4. Consumables Mean Customers That Keep Coming Back

Consumables mean that you will have a steady customer base and a rather reliable revenue stream. What’s more, when people need to order products from you regularly, it’s much easier to build a loyal customer base.

Think about specialty cooking ingredients (Himalayan pink salt, anyone?), supplies for arts and crafts, and even cosmetics. Just make sure you’re able to deliver each and every time, since you don’t know when your customers will run out of their stock or order in bulk in advance.

Of course, choosing which product to sell is just one part of a thriving online business, since you should also take into consideration the demand, potential competition, and reliable suppliers, among others. However, it’s also undeniable that finding a saleable item is a huge contributor to your business success. Good luck on your journey as an online entrepreneur!

If you're into ecommerce, you might be wondering what product to sell on your online store. Here are 4 great ideas that are sure to make you money and bring you loyal customers: #ecommerce #onlinestore #makemoneyonline #sidehustle