The difference between the successful and the unsuccessful, the rich and the poor is not in the kind/number of opportunities explored but how every opportunity was maximized. Opportunities are presented to us in every facet of life. Life cannot be so unfair that it will not open at least a door of opportunity for you to explore. For instance, the covid relief bill is a huge business opportunity. On this note, I dare to say there are two kinds of people; those who maximize opportunities and those who complain of not getting enough? Which category do you belong to? In this article, you can learn how covid relief bill can be yet another business opportunity for you.
Still on the matter, we all are aware of the devastating effects of the coronavirus on the world economy. I dare to say no country has fully recovered from this hit. But while the covid-19 pandemic shut down many businesses and even claimed lives, it presented great business opportunities for eCommerce businesses. Although not everybody benefited, only a few savvy entrepreneurs maximized the opportunity and became richer. And for those who did not benefit, the covid relief bill presents yet another business opportunity. Read on to learn how.
The New Covid Relief Bill
Throughout 2020, 2 covid 19 relief bills were passed and approved by Donald Trump as a means of offering financial assistance to families, the less privileged, children, and businesses. While the fight for covid-19 continues, the Biden Administration has continued in the footsteps of the Trump Administration via the new covid relief bill stimulus checks. For entrepreneurs and business-oriented individuals, this is a huge business opportunity to explore.
The Good News For Small Business Owners
Here are the covid relief bill details. The 2021 COVID relief bill will impact access to PPP (Paycheck Protection Program) loans. The SBA (Small Business Administration) will only accept applications for PPP loans for two weeks from businesses and nonprofits with fewer than 20 employees. This means that small business owners can apply for forgivable loans as part of the PPP – a huge opportunity to harness some financial aid. According to President Biden, the motive behind this golden opportunity is to give small businesses a chance to apply for the loan without the usual competition from bigger ones.
Other Covid Relief Bill Updates
· For small businesses, the covid relief bill unemployment package includes 2.1 billion USD in grants of 5,000USD to 25,000USD to be disbursed through a program administered by California’s Office of the Small Business Advocate.
· Though not every applicant will be awarded a grant; businesses with annual gross revenue of up to 2.5 million USD are eligible. Requests are ranked from businesses in the sectors that are most affected by covid-19 to the least affected ones.
· Additionally, there will be a two-year waiver of fees for roughly 550,000 licensed barbers and cosmetology. More than 59,000 restaurants and bars licensed through the state’s Department of Alcoholic Beverage Control will also have fees waived.
12 Best Online Business Opportunities
With this huge resource at your disposal, what are your plans? Covid-19 has made us realize that the future is eCommerce. While the stay-at-home orders restricted movement, online business owners were not affected since they could work from home. Thanks to the internet, anyone can buy and sell at home with ease and make huge profits. With this golden stimulus package, you can easily explore hundreds of online businesses. But in this article, we highlight the best 12 online business opportunities to try.
1. Start a dropshipping store
What year are we in again? 2021. In this era, anyone can sell anything without stocking a warehouse full of inventory. Yes, the dropshipping business model makes it possible. Dropshipping is one of the fewest online businesses that require very little investment. You can start by owning an online store, finding the right product as well as supplier. This model skips so many processes that one can encounter in other online businesses.
2. Record a podcast
With a high-quality microphone and audio recording software, you can turn your hobby into money. If you like the sound of your voice, then recording podcasts can be a great online business to venture into. It is quite similar to starting a blog – more like a voice blog.
3. Become a freelancer online
Online freelancers are the most sought-after people on the internet. People hire freelancers to write projects or blog posts, develop websites or test sites, design graphics or create logos, etc. If you are talented in any of these, consider exchanging your skills for money. A few platforms like Upwork, Fiverr, Freelancer, etc. can fetch you great revenue while sitting at home.
4. Start blogging
Blogging is one of the oldest forms of making money online. What you need is to choose a specific niche that you are familiar with and write unique and engaging articles on the niche. The beauty of blogging is that there are endless ways to monetize your blog – via sponsored posts, Google Adsense, paid advertising, subscription, etc.
5. Teach an online course
During the stay-at-home restriction, kids were not allowed to go to school. Thanks to zoom, schools were able to continue sharing knowledge from home. If you have a knack for things like this, you can generate passive income by teaching an online course. It is a low-investment business idea. To get started, you need a laptop, a video recording and editing tool, a topic of interest, and a website [optional]. You can literarily write on any subject – digital marketing, gardening, education, programming, etc. Create a presentation in the form of an ebook, video, or PPT slide as the case may be, upload it on tutorial platforms like Udemy for sale.
6. Build apps and websites
The demand for websites and applications is increasing daily. If you are tech-savvy with knowledge of coding and programming, you can create beautiful apps and websites for business owners and organizations tailored to their specific needs and get paid.
7. Sell your art online
Painting, photography, music, etc. all have a place on the internet. Some platforms allow creative individuals to showcase their art pieces and sell to millions of customers on the internet. You can sell anything from lyrics, framed portraits, customized t-shirts, mugs, etc.
Influencer marketing is increasingly gaining popularity today. Many businesses hire influencer marketers to help promote their products and services. But before you can become an influencer marketer, you need to have millions of followers on the major social media accounts – Facebook, Instagram, and Twitter. It is an effortless way of earning money online.
9. Become a VA
Do you know how to organize and fulfill tasks? Why not become a virtual assistant? A lot of businesses are looking for virtual assistants to help make scheduled calls, send emails, schedule appointments, and so on. Everything is done via the internet. With your smartphone and/or a computer, you can make a living as a VA online.
10. Create handmade goods
Are you skillful in crafting handmade products like jewelry, furniture, picture frames, and everything in between? Why not monetize your craft skills by selling online. Platforms like Etsy, Craigslist, and Facebook Marketplace allow you to sell handmade goods without necessarily creating a store for yourself.
11. Become an affiliate marketer
Affiliate marketing involves selling a product or service for a company and earning a commission in the process. From Amazon to eBay, Shopify to ShareASale, there are thousands of affiliate programs out there. Find one that suits your interests, promote the product via social media and then get a commission after converting a sale.
12. Publish your own book
Have you got a great story to share? It is time to write a book and publish it online. You can decide to sell physical copies of your book if you like but eBooks are quicker to sell and publicize than physical books.
Bonus Tips: How to Start a Dropshipping Business Online
If you choose to explore the dropshipping business model, here are a few things you need to get started.
1. Carry out market research on what you will be selling
2. Decide on a niche
3. Create a business plan
4. Find trusted vendors and suppliers
5. Create your own website – WordPress and Shopify are easy to use
6. Market your new product and brand
Among the 6 points, number 4 seems to be quite challenging. This is because there are thousands of options out there, making it difficult to make a choice. Giant companies such as Amazon, eBay, Shopify, and Walmart spearhead are trusted suppliers for dropshipping. However, for beginners, we recommend using a less competitive wholesale supplier platform like SaleYee.com.
The SaleYee platform is a leading dropship wholesale supplier in China. They make dropshipping easier for beginners by providing:
· 30,000+ profitable SKUs
· 630,000+ sq.m. Local warehouses
· Fast & free delivery
· Responsive customer support
· Free membership & big discounts
· Up to 3 months after-sales period
Getting started is as easy as visiting saleyee.com. Your journey to selling online can be exciting with SaleYee’s impeccable customer assistant service.
Conclusion
There is no better time to start an online business than now. You don’t need a million dollars to get started; with these online business ideas, you can start a small side hustle and turn it into a giant online business later. Make this year’s covid-19 relief bill work for you. It’s up to you to make things work out by exploring the covid relief bill unemployment benefits.