Over the last year and a half, we have seen the unemployment rate climb in a way we haven’t witnessed in decades. Americans were forced to find new ways to pay their mortgages, utility and food bills, and generally care for their families.
A surprising number took the exhilaratingly risky road of becoming an entrepreneur. If you are currently thinking about becoming your own boss, take a look at these five career options you might find rewarding.
Become a Licensed Real Estate Broker
One of the greatest methods of generating passive income or as an alternative investment strategy has been to enter the real estate market. Because of the surge, many folks are looking to experienced real estate brokers to guide them toward financial freedom in the future.
That’s where you could come in. By becoming a licensed real estate broker, you would be able to run your own business, set your hours, and select a work environment that’s entirely designed to include whatever you want and need in order to thrive.
You will work one-on-one with your clients and build trusting relationships. The biggest bonus? You can make a hefty profit from your commissions.
Start an Airbnb
Staying with the subject of real estate, tourism is making a comeback. After so much time stuck at home, people are itching to get back out into the world.
For you, this might mean turning your furnished basement or your family cabin in the woods into a specialty Airbnb. There are ways to run a successful Airbnb business such that it turns into your primary source of income.
Hosts on the website can easily make anywhere from $1,000 a month to a six-figure income every thirty days simply via their rental property. If you are able and willing to make the investment, why not start your own Airbnb?
Learn the Stock Market
Like the housing market, the stock market has seen violent shifts in recent years. As with any serious investment, there is an undeniable risk, but you don’t have to explore this territory alone.
There are several free master classes online as well as inexpensive courses that can give you a solid sense of what the stock market is all about. But if you plan on investing yourself in this full-time, better plan on it becoming your main career.
The market shifts rapidly and requires a significant amount of patience as well as ambition. If those qualities are part of your personality along with your financial and time management skills, you should consider trading for your next career move.
Turn Your Knowledge Into Paid Programs
We mentioned online master courses for the stock market. The fact is there are online courses and webinars that cater to every industry you can imagine.
The key is to find your niche and build a professional toolkit. If you have previous experience in leadership roles, you could offer paid training programs for individuals looking to improve their skills as a leader.
Maybe you are knowledgeable about digital content creation and strategy. You could easily design a pre-recorded course to sell online through your website and social media that teaches others the tools of the trade.
Figure out what your specialty is and investigate what might be missing in the market. Get specific about your niche and take the necessary time to research the potential competition.
Try not to undervalue yourself. There’s always a need for your expertise that people out there are willing to pay for.
Turn Your Craft Into Profit
Another thing many of us tend to undervalue is our creativity. If you want to become your own boss, though, you might be able to find a way to turn your creative drives toward a profit.
During the pandemic, thousands of people found they had more time to spend working on and publicizing their hobbies. Many of them turned that into a business.
Indie authors who wanted to publish a book finally completed their manuscripts and self-published them online. Woodworking in the garage became the building of quality crafted home decor that sold on people’s websites for part-time income.
Regardless of what your product is, if you put in the work to market it, there may be a way to turn your craft into a full-time job or business.