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18 Passive Income Ideas for 2020: Which Is Right for You?

September 15, 20200 Comments
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18 Passive Income Ideas for 2020: Which Is Right for You?

There are many different routes you could take toward financial independence. Whether that be juggling multiple jobs at once, being blessed with successful investments, or starting a few side projects that came to fruition. Whether you’ve reached your financial goals, or you’re actively looking for new ways to grow your wealth, there can be a few tips to the trade.

For instance, you may be thinking you would like to invest in resourceful stocks to grow exponential earnings over time, or even invest in a business. But if you don’t have the required deposit to put down, you may be deterred from your initial idea. If you only have a few pennies to your name, or a comfortable bank account, the majority of us are able to create passive income projects.

Whether you’re wanting more money to invest in a larger rent budget, or to travel the world, passive income can help you do just that (and without having to put in that much work). If you’re looking to boost your financial portfolio and establish an action plan to grow your bank account, check out our hot tips below.

18 Passive Income Ideas for 2020: Which Is Right for You?

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How to Support Small Businesses in the Pandemic Economy

September 9, 20200 Comments
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How to Support Small Businesses in the Pandemic Economy

Although most small businesses have already felt the most intense negative effects of the COVID-19 lockdown, chances are that they’re still recovering on many levels. Small businesses in every community are still fully financially recovering and can use your continued support. Want to be a long-term partner in the success of the entrepreneurs and family-owned businesses in your area? We put together some actions you can take:

1) Participate in Crowd-Funding

Crowdfunding is defined as the act of funding a project by raising small amounts of money from a large number of people. In terms of helping small businesses, this can be an extremely viable way to lend a helping hand. Why not assist with building the long-term financial foundations of your favorite small businesses in your community?

2) Buy Essentials Locally

Rest assured that your hard-earned cash is better off in the hands of local entrepreneurs than corporate giants. Keep in mind that family-owned businesses can get hit hard with the cost of rent. Even if they seem to be doing well, you never know the bills they’re struggling with on a daily basis.

3) Support Via Social Media

Buy locally and also, but also to post about it on your social accounts and spread the word. Word of mouth recommendations can go a long way, too. Have a friend looking to purchase a gift? Recommend a local gift shop. Most small businesses have online shops, so geography doesn’t matter.

Unfortunately, many small businesses are feeling the continued impact of decreased revenue due to COVID-19. Since new entrepreneurial ventures don’t always have the strongest emergency fund or access to governmental resources yet, they rely on community support.

It’s time to step up to the plate if you haven’t already. It’s a win-win situation because supporting family-owned businesses help boost the overall economy. Encourage your family and friends to do the same and buy local. Every referral counts!

Take a look at the graphic below from The Zebra to learn more examples of how to support small businesses during the pandemic.

How to Support Small Businesses in the Pandemic Economy

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How to Succeed in the New World of Networking Online

July 27, 20200 Comments
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How to Succeed in the New World of Networking Online

To thrive in the post-pandemic world of networking, professionals need to refresh their approaches to building their networks. Since networking online is the only option right now, it’s more important than ever before to try new tactics. Your digital personal brand is vital to your success. No matter your career path, there are opportunities to participate in remote networking through webinars, online workshops, and more. In fact, some of the best professional networking events are going digital and will be more accessible than ever before.

First, it’s important to audit your online professional networking habits. Do your virtual interactions reflect how you portray yourself in-person? Do you have a “digital handshake” that leaves a positive impression? Have you mastered the art of following up without seeming relentless? Being tech-savvy and virtually showcasing your soft skills are imperative to stand out amid the new wave of networking.

You need to convey not only your expertise but also your personality through a screen—much easier said than done. Digital events and networking Zoom calls give you the chance to connect with fellow participants and industry leaders like you would at a conference, but usually in a smaller, more personal group. Also, there are Facebook, LinkedIn, and Slack communities where you can connect and share ideas. Try not to be disappointed by canceled conferences and professional happy hours—there’s still plenty of potential for building meaningful relationships through online networking in 2020.

Try approaching networking online in a proactive way in the wake of COVID-19. With increased stress levels, it’s easy to do just the bare minimum networking-wise. Don’t fall into the trap. Focus on the advantages of connecting with fellow professionals online, try some new platforms, and make networking a habit. Below, check out a fun and helpful graphic from LiveCareer with tips on how to make the most of networking online.

How to Succeed in Networking Online

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9 TED Talks Every College Grad Needs to Hear on Life, Money, and Career Success

June 12, 20200 Comments
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9 TED Talks Every College Grad Needs to Hear on Life, Money, and Career Success

Graduation can be one of the best times of your life. You’ve finally reached the cap of your schooling journey. Yet, you may find yourself wondering what you’d like to do next. The world is now your oyster. You don’t have to stay in one spot to check more classes off your college to-do list, or stay up too late studying for another challenging exam.

Even though these times are more than exciting, you’re faced with another round of tough, but fun questions. You may be wondering what you’d like to do with your degree, or where you’d like to move. For some, that may be taking a gap year to truly figure out yourself and what you actually do and don’t like. For others, that may be finding the right apartment, in the right city to fit your budget.

No matter what you choose to do, there are some things you may want to learn — things that school may not have taught you. For instance, how to invest your money, or even the payoff those investments could have. Or, how to properly budget your life. For the majority of students, you may be faced with health insurance, student loans, and actually having to pay for your cell phone bill.

Yet, as you grow up, these big decisions help guide your success. If you’re ready to get ahead of the game and learn what you can before you jump into life post-college check out Mint’s infographic with nine of the best TED Talks life takeaways.

9 TED Talks Every College Grad Needs to Hear on Life, Money, and Career Success

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Data-Backed Remote Work Well-Being Benefits

June 4, 20200 Comments
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Data-Backed Remote Work Well-Being Benefits

In response to the COVID-19 outbreak, companies all over the world sent their employees home to work at the beginning of 2020. Workers quickly adapted to working in their home offices and continued to work productively during this global crisis. Though many businesses moved to remote work out of necessity, as social distancing measures begin to loosen, companies like Twitter have decided to make this move permanent. The future of remote working has arrived and as more employees move to this new working format, it is important for them to realize the benefits of working from home, especially for mental health.

Though there are many challenges that remote workers face such as work-life balance and extra distractions, the benefits outweigh these struggles for most people. From the reduced commute time to the schedule flexibility, many of these benefits not only increase workers job satisfaction but also their mental health. This resource from LiveCareer details many science-backed benefits of working remotely and how employees can best take advantage of these benefits.

Data-Backed Remote Work Well-Being Benefits

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Staying Connected With Customers Remotely

May 22, 20200 Comments
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Though many states have started to ease up on their shelter-at-home restrictions, it’s going to be some time before we’re back to “business as usual.” Because of this, keeping customers interested and invested remotely is more important than ever. From RentSpree, here is a guide to the top tools you need in order to succeed at remote work (with budget recommendations that won’t break the bank) along with specific ideas for engaging creatively with customers online. Take a look:

How to Stay Virtually Connected with Your CustomersPlease include attribution to RentSpree with this graphic.

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The Beginner’s Guide to Survey Data Analysis and Data Collection

May 18, 20200 Comments
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Customer feedback surveys are a powerful tool for understanding your business’s successes and shortcomings. After all, you’re able to gather freeform responses straight from the people who matter most. However, this data can’t be turned into actionable insights without some deeper analysis. Take a look at this guide from Chattermill to learn about the types of data you’re likely to encounter, the best times to send out customer feedback surveys, how to make sure your findings are statistically significant, and more. You can also take a look at a visual summary of these points below:

The Beginner’s Guide to Survey Data Analysis and Data Collection

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How to Be a Successful Serial Side Hustler

April 27, 20200 Comments
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Serial Side Hustler

Side hustling is a popular alternative to traditional work or an addition to a full-time job. Today, millions of Americans work within the gig economy, whether through freelance work, service jobs, app-based options, or online.

Many side hustlers enjoy the upsides of this kind of work such as the potential for financial gain, pursuing one’s passions, setting their own schedule and workload, and learning valuable new skills. Side hustling can be the perfect option for many, for example those with important responsibilities such as child or elder care who have some free time to earn extra money or those who need or want to travel while maintaining an income. The flexibility of the gig economy grants many people who would not otherwise be able to work the ability to earn an income while doing something they enjoy.

For those who do pursue a side hustle, the benefits can be endless once they find their niche and prove themselves a valuable asset to clients or an employer. Many go from a simple side hustle to starting their own business, or being able to pursue an activity they love while only having to work a few hours a week. For others, being able to pursue a lifelong dream and benefiting from it financially is success enough.

However, success doesn’t come immediately, and many gig workers face significant challenges when first entering this competitive field, especially when they’re trying to managing multiple gigs as a serial side hustler. Issues such as time management and lack of downtime can be a serious concern for many, while burnout and subsequent decreased performance at a day job or other side hustles can be a significant problem for others.

Thus, when deciding to pursue one or more side hustles, consider your freedoms and constraints in terms of time and energy, how a new gig could impact your current work situation, and how you will benefit from side hustling while also being able to enjoy it. While side gigs may sound fun, they have to positively contribute to your life rather than taking away from it.

To learn about whether the serial side hustler life is for you, and for tips and tricks for those working multiple jobs, take a look at the visual below.

The Serial Side Hustler

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How To Build a Successful eCommerce Website

April 20, 20200 Comments
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15+ eCommerce Mistakes to Avoid

Building an eCommerce website is a huge undertaking. Not only does it require you to have a substantial budget, but creating an eCommerce website is also a challenge as there are different functionalities that need to work in sync for the website to perform optimally. From product library and navigation to payment getaway and delivery, there is a lot that needs to be done. eCommerce website security also needs to be top-notch. Also, to retain customers, faster website speed is of utmost importance. In short, it is not simple to build, manage, and run an eCommerce website.

However, if you are set on creating an online store for your business, then it pays to know the eCommerce mistakes to avoid so you don’t waste more money and time fixing them at a later stage. The below infographic highlights the top 15+ eCommerce mistakes that you need to avoid if you want to build a successful website that converts in the long run. These are common mistakes that can be fixed even if you’ve already launched your eCommerce site.

So, go ahead and check out the infographic and for more information, click here

How To Build a Successful eCommerce Website

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How to Avoid Sunk Costs in Business

April 16, 20200 Comments
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How to Avoid Sunk Costs in Business

Sunk costs are everywhere, especially when it comes to running a business. To help you identify and navigate these sunk costs, Coupon Chief created an infographic with strategies for entrepreneurs and small business owners to use.

No one likes to admit to their mistakes. However, mistakes of any size can be costly for a small business. That’s why it’s important to know when you’re heading down the path of a sunk cost and how to get out of it before you fall for its trap.

When small business owners realize they’ve made a mistake, they usually do one of two things. They either choose the “stick to your guns” approach and hope things turn around on their own, or they take proactive steps to change strategies. While the latter is usually the better choice, many entrepreneurs are too often tempted to ride out their losses and wait for things to improve.

This temptation is caused by the sunk cost fallacy, a cognitive bias that can sneak up on you very easily. It fools you into putting too much value on a past decision simply because you’ve already invested time, money, or energy into it.

Check out the infographic below to learn how to spot and avoid sunk costs when it comes to running your business.

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