Whether you’re currently employed or unemployed, starting a side business can bring in some much-needed cash. Where to start? Think creatively and do something that flows naturally from your skill set.
Whether you turn a hobby into a cash-making business, sell new or used products online, or stuff envelopes for another business, the key is for your entrepreneurial pursuit to be a no-cost or low-cost venture that can be operated exclusively from the privacy of your own home. Why these characteristics? For starters, you don’t have the money to buy tons of products. You also don’t want to have to hire anybody or lease space. You want to keep all the money you earn, right?
“Ask The Money Coach” is a syndicated column written by personal finance expert Lynnette Khalfani-Cox, co-founder of the free financial advice blog, AskTheMoneyCoach.com. Follow Lynnette on Twitter at @themoneycoach.