6 Start-Up Offers for Entrepreneurs with Big Ambitions

6 Start-Up Offers for Entrepreneurs with Big Ambitions

As an entrepreneur, you shouldn’t be afraid to think different or do thing differently.  

You are allowed to see the world as it could be instead of what it is. It must be hard to keep reaching the stars.  

On your way to achieving your big ambitions in life, you will find difficulties, and you will make a lot of mistakes. But take those mistakes as learning experiences.

People are now ready to take the risk by giving up their jobs to follow their big ambitions of becoming a self-sufficient person and start their own business. Everyone is well aware of the fact that you cannot live a luxury life with the income from a job. To do so, you need to start your own business to earn more money.

Here are six start-up offers for entrepreneurs with big ambitions described below:

1. Phone Accessories

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People are always looking for new things to make their phone look stylish.  This is a perfect opportunity for you to avail.

You can start a business of manufacturing smartphone accessories. It could be a great profit for you as the demand for it is already there.

Smartphone accessories like phone cases and back rings are used and liked by everyone who has a smartphone. Once your business gets started, you can also work on manufacturing various themes for different models of smartphones.

2. Camera Drones

The trend of having camera drones is spreading like fire among the people and professionals. The expectation of people demanding for drones in the year 2018 is more than six hundred thousand.

Not every camera drone has same features. So this is your chance to look for the features which are missing and think up something new to hit the market and which will be demanded by the people.  As it is already very famous among people, it won’t take much time for people to get attracted to the features you might add to it.

You can come up with selfie drones as people are pretty much obsessed with taking selfies nowadays.

3. Smartwatches

For a start-up business, it must be nearly impossible for you to compete with high tech companies like Apple and Samsung, specifically in the smartwatches department. But still, you can create smartwatches with lower prices.

Most people are not willing to pay $500 for a watch. Which makes this a great opportunity for you to manufacture smartwatches with lower prices than those of high tech companies and you can surely make a good profit out of it.

People are totally into the smartwatches concept but it will be a great offer for them to buy one without spending a lot of money.

4. Wireless Earphones

In the world of technological advancement, people are expecting things to become easier and simpler to carry out. As you can see, many companies are manufacturing phones without headphone jacks. Which is why wireless earphones are making their place in the market.  

The wireless earphone of big companies like Apple and Samsung costs a lot. And people are not ready to pay such an amount of money for wireless earphones.

You can start your small business of manufacturing wireless earphones and keep the profit margin per pair low so that you can get more customers.

5. Power Banks

People are using their phones 24/7 because their mobile is loaded with so many apps. The battery life of smartphones is badly affected because of excessive use of apps the installed.  

The demand for power banks is increasing in the market day by day. As it gives people the opportunity to charge their phone without sitting next to a switchboard, you can keep it with you anywhere especially when you are going to any remote areas.

 Almost every person needs to have this device with them to never run out of battery.

6. Daycare Center

As you know, now not only men but women are career-oriented and ambitious about their future. So many women – after getting married and having children – still prefer to do their job and continue on their path to success.

But where should they leave their children and with whom? This is a great opportunity for you to open a daycare center for children. So, that all the mothers can go to their jobs without worrying about their children. It is a good way of earning money.

You can charge per kid according to their age. This is just like any other full-time job. All you need to do is hire some kids-friendly people to do this job and take care of the kid like their own.

The more customers find their kids happy during the time they spend at the daycare center, the more it will increase the chances of getting new people to leave their kids there.

About The Author

David Simmons is a financial analyst and accounting expert. He has in-depth knowledge about setting up small businesses as well as creating profitable investments. He regularly contributes articles related to business and loans at Ebroker.

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income