Self-employment is becoming a lot more common. This is in part thanks to the internet opening up alternative ways to make money, but also because many employers are favouring freelancers at the moment. But how do you make sure you’re not stuck in the mouse wheel of constantly working for clients for enough to simply subsist? What are the career paths that can see you thriving instead?
Selling your creativity
They are competitive markets, but the creative fields, such as visual art, web design, photography, and writing can be highly lucrative ones. Many of them allow you to work from home, reducing the costs of starting your own business. If you want to get into that competitive world, you have to start building a portfolio and a brand now. Letting your skills speak for themselves isn’t enough, you have to get your name out there and ensure that you have an excellent looking website that shows people you take your art seriously as a professional, not just a hobbyist.
Use that net savvy
If you spend all your time on social media platforms and learning about the internet, there’s a growing need for people with expertise like yours. Start learning about the marketing principles behind these platforms, such as SEO, using analytics tools, and creating share-worthy content. Freelancing in social media can be highly lucrative as Social Media Today shows.
Pick a trade
It’s not going to appeal to everyone, but there’s no denying the potential money to be made in the trades. Electricians, plumbers, painters, and renovators are almost always in demand. It can take years to get through apprenticeships and work your way up to the standard of a career professional. However, it’s the kind of work that is always needed and people are willing to pay highly for those that offer those services.
Make that money work
Investing can seem likely risky game, but that’s not inherently true. By choosing platforms like CMC Markets and learning to diversify between different markets, you can create steady, sustainable growth. You need to research the difference between markets, like Forex, stocks, CFDs, bonds, and so on. By diversifying between them, you can spread out your risk, so that if one market falls, your whole portfolio doesn’t collapse with it.
Climbing up the property ladder
Property is another investment market, but it’s one that more people tend to understand sooner. It’s easy to figure out what can help raise the value of a property and to start learning how to spot potentially high earners. There are ways for people to start investing in property even without a lot of money, too. You can become a joint owner of a property, for instance, rather than buying your own. You only get a share of the sale value or rental yield but that can help you build up to the next investment.
There is a lot of work out there for self-starters, but it’s important to see the distinction between those paths that help you make a little money and those that can help you make a lot. Hopefully, the examples above give you some ideas on which directions you can go.