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Monday, November 15, 2021

Lucrative Business Ideas that Will Make You Earn More Money Per Year

Maybe you’ve grown tired of working. Haven’t we all? Well, the bad news is that you can’t just stop working altogether unless you hit the lottery, or unless your name is Jeff Bezos. 

Most of the time people grow tired of working the same job day-in and day out. If this describes you, perhaps it’s time for you to take your skills and start your own business. With all of the needs for consumers out in the world today, chances are you have skills that can be applied in order to start a business. 

No matter what you’re good at, whether this is construction work, computer skills, sales, or marketing, you probably have the means to start a lucrative enterprise all while still keeping your day job. 

Here, we’ll outline a few business ideas that can have you earning more money per year than you probably would at your full-time job. 

Residential Contracting 

In 2020 alone, an estimated 5.64 million homes were sold across the United States. This is a huge number, and it carries with it the same number of potential customers that you could have access to if you entered the world of residential contracting.

If you’re good at fixing things or if you love building things, maybe it’s time for you to start your own residential contracting business. Now, you’ll have to obtain a residential contracting license in your state if you want to pursue this avenue, but with the right education and training, and the drive to succeed, you’ll be well on your way to building community relationships, and getting paid. 

Residential contractors can earn anywhere between $40,000 per year on average up to over 6 figures with top earners. This is truly a lucrative career field, and if you have the skills, it will literally pay to use them.

Digital Marketing

The average salary for a freelance digital marketer in the United States is approximately $66,000 per year. This is a more than modest salary when it comes to workload and the time you actually spend working.

The fact is, most digital marketers work around their own schedule. And, many freelance digital marketers hold full-time jobs alongside their freelance enterprise. 

If you have advanced computer skills, a knowledge of social media and marketing principles, starting a freelance digital marketing business is sometimes as simple as getting a website and querying for clients.

This is one business that typically doesn’t require a huge amount of startup capital, and it’s something you can build slowly, over time, without having to quit your day job.

Systems Analyst 

In today’s interconnected world, the need for technicians and computer system experts is always on the rise. If you have advanced computer skills, and have an intricate knowledge of coding, website design, or software development, starting your own computer solutions business might be just the market for you.

Freelance computer programmers and systems analysts can earn between $45,000 per year and up to over $100,000 per year on average for top earners.

Again, like digital marketing, the startup costs for starting a systems analyst business are relatively low. The majority of the legwork you’ll need to perform is the act of getting your name out there and building relationships with businesses within your community. 

Each business you work for is a potential advertiser for your services. So, with a professional website and respectable business contacts that will give you rave reviews, you’ll be well on your way to creating a lucrative business all on the shoulders of your skills. 

While some people prefer to work for someone else, if you have that burning desire to have both financial independence and a free and easy schedule, you’ll probably want to take the plunge and start your own business.

We all have the skills that the world needs. It’s only a matter of refining those skills and finding a way to earn money that will set you on the path to owning your own business and taking control of your life once again.


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Daniyel Carlson
Daniyel Carlson is a Young Researcher in the field of Data Science & Analytics having research experience of more than 8 years. He has a Masters in Computer Engineering and currently serves as an Editorial Assistant in IGI Global, United States of America. Daniyel also holds honorary positions in the Associate Member of Institute of Research Engineers and Doctors, International Association of Computer Science and Information Technology, International Association of Engineers, Society of Digital Information and Wireless Communications.

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