1. Become a Freelancer
- Estimated income: around $33/hour, depending on the industry and location
- Requirements: skills and experience in a particular field
The rise of the gig economy makes freelancing a viable alternative to regular nine-to-five jobs. In fact, 75% of freelancers reported increased income compared to their previous full-time job.
Those with prior work experience can leverage their expertise and the network they’ve built to establish a professional brand.
You can work freelance in nearly any industry. However, web developers, graphic designers, and writers are some of the most in-demand jobs online.
To start this free online business idea, decide on a niche and a unique selling point to set yourself apart in the competitive market. For example, the freelance writer Elise Dopson focuses on creating journalistic-style content for B2B and SaaS companies.
Freelancers usually create a portfolio website to promote their services online. Signing up on freelance marketplaces like Fiverr and creating a LinkedIn profile can also improve your online presence.