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5 Ways Young Entrepreneurs Can Increase Their Income

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As a young entrepreneur, you’re always looking for new ways to make income through side hustles or a consistent business. With more people doing their business over the internet there are dozens of ways to start making an income online.

There are a lot of different ways to make money online but I’ll go over a few that I think have a high earning potential as well as being very passive. If you can put in the work upfront, these internet side hustles will continue to pay handsomely for years to come.

1. Invest In cryptocurrency

This is a great option if you already have some money saved up as you make quick profits by doing swing trades. That being said, trading is a skill and takes some time to learn and get really good at but can pay off handsomely if you know what you’re doing.

Don’t put all of your savings into it as some people did a few years ago as you never know what the market is going to do.

Even if you don’t know how to day trade long-term investing in crypto is still a solid strategy that can pay off down the road. Whichever strategy you use can still make you a lot of money in the long run.

2. Build a blog

Building a blog is one of the best ways to make passive income, it continues to make money well after it is built and is one of the best methods of passive income you can build. When you own a blog you can talk about whatever topic you want, whether it’s fitness and strength or home brewing coffee. Whatever it i,s you can provide your expertise and fill your site with some well-placed affiliate links to products that help your reader achieve their gold and you literally make money by helping people do what they love. For example, when you sell on both Shopify and Amazon, building blog on Shopify to encourage your audience to buy your products with several promotions from Amazon is necessary to boost sales.

“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett

3. Affiliate Marketing

Relating to the blog, affiliate advertising is when you advertise a company or someone else’s product and get a commission for it. This is a great way to start making some money if you don’t have your own product or service that you can offer.

You can use this method on your blog or email list if you use one and send offers for an affiliate product that adds value to your viewers/customers’ lives.

You can also make an email list where you put the links for affiliate products on your subscriber list and email it to your customers which is great for retention and keeping people coming back.

4. Dropshipping Products

This is a method that became popular in recent years, that requires you to have a little money saved up to start with, the potential for success is very high if you’re willing to put in the work.

If you have some money saved up, you could buy a domain site and some bulk inventory and start selling products hosted through a Shopify store. There are kids in high school that make some good money using this method.

If are wondering how to set up dropshipping to increase your income, feel free to check this guide on how to setup a drop shipping business quickly by Ecommerce-Platforms.

You can research trends and make a niche store that sells specific products and items that are entertaining or useful like coffee mugs or coffee-related items if you’re into coffee. The point is you can buy some cheap inventory in bulk and sell them for profit if your marketing skills are good this one is easy as pie.

5. One on one coaching

This method is good if you are knowledgeable or skilled in a certain area like health and fitness and you can charge a fee to help some achieve a certain result like get in better shape or make more money.

Whatever it is you can host this option to contact you on your own website or make a profile on a website like Fiverr or Upwork and charge a fee for helping your customers get the result they’re looking for.

This one has its drawbacks like it’s not as passive as some of the other methods on this list and has you rearranging your schedule to accommodate someone else’s. Assuming you have one or two of the other side hustles going mentioned on this list, it can be a great way to supplement your income with some extra money.

Harrison Deal is a blogger and online entrepreneur who enjoys sharing tips and information on succeeding in business and self-improvement. You can read my blog here at greennootropics.com Read this list on the ultimate guide to nootropics on the blog for free.

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Entrepreneurs

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How You Can Start Networking in Style in 2023

By investing your time and effort in networking, you will gain more business through the relationships you make

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Are you completely new to networking?

Then this article is a great place to start. Networking isn’t hard on paper…you go along to online and in-person meetings, make new connections and build relationships, and those relationships lead to more work so you can grow your business! The challenge is that in reality, it isn’t quite so straightforward, as our emotions get involved and make things much tougher.

It’s incredibly common for nerves to creep in and to feel overwhelmed and apprehensive when it comes to networking – even when it isn’t new to you. But how can you become more successful at it, feel less self-conscious, and make networking work for you and your business?

Here’s a few tips to help you embrace every business networking opportunity you get, so you can grow your business and achieve your goals.

Rock up with confidence

If you want to keep those nerves at bay and ooze confidence at networking get-togethers, you’ll need to downplay it rather than seeing it as a big occasion. Try not to put pressure on yourself and see it as a casual meet-up with a bunch of people with similar goals to you. To help you relax in the run-up to the event, be sure to set achievable goals and expectations before you go.

Keep your chin up and your goals in mind – positivity is key. One easy goal for your first networking meeting is very simply to speak to one other person and see where the conversation goes. Introduce yourself and your business, but take the time to listen to their story, too. It’ll only take a few minutes and will be over before you know it, so it’s nothing to fear. You may even enjoy it and want to speak to a few more people, too!

“You can close more business in two months by becoming interested in other people than you can in two years by trying to get people interested in you.” – Dale Carnegie

Where to go networking

If you’ve never been networking before, it might not be very easy to find a group – but only because there’s so much choice and you don’t know where to start your search! Groups come in different sizes and styles, so it’s important to find one that suits you and your business. Informal, formal, big, small… the choice is yours.

For your first meeting, start small to ease yourself in – a big group could prove too daunting, and stop you from feeling comfortable enough to get involved. After all, you want to make a strong first impression!

If you’re wondering which group to opt for in the long-term, give a few a go! Get a feel for them, speak to as many people as you can, and see which one suits! You’ll know when a group feels right for you, and you can see where those all-important relationships are most likely to be built. If a group doesn’t feel like the right for you, give a different one a go.

Get more leads and referrals

This will happen for you, as long as you put the effort into building those relationships. If you take the time to get to know people, and then check in with them and support them, they’ll see you as a trustworthy and reliable contact who they can call on. And when they feel that way, those leads and referrals you’re looking for will come a-knocking.

Once you’ve made relationships with people who you trust, and they’ve had a positive experience working with you, you can even ask for referrals! But don’t rush this, as you don’t want to inadvertently push people away or try and force the relationship along too quickly.

When you do get an opportunity to work with someone you’ve met at a networking group, go above and beyond to offer more value than they’re expecting, as then, they’ll be much more likely recommend you and introduce you to more of their contacts!

Grow your business

By investing your time and effort in networking, you will gain more business through the relationships you make, and you will be able to grow your business.

We know that it’s not easy, going networking for the very first time. And that’s why we want to give you all the advice and tools that you need so you can walk in with confidence and make the most of the opportunity.

2023 is just around the corner, and you have the chance to make it the year you make networking work for your business. And the benefits could be incredibly amazing for your business, just like they have been for ours, and many business owners we have worked with over the years.

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