Category: Smart Management

12-Step Guide to Starting a Business

There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, what you do need is a strong plan and the drive to see it through.

If you’re on Entrepreneur, odds are you already have the drive, but, you might not know how to start building your empire.

That why we are here.

Check out this step-by-step guide to help turn your big idea into a successful business.

1. Evaluate yourself.

Why do you want to start a business? Use this question to guide what kind of business you want to start. If you want extra money, maybe you should start a side hustle. If you want more freedom, maybe it’s time to leave your 9-to-5 job and start something new.

Once you have the reason, start asking yourself even more questions to help you figure out the type of business you should start, and if you have what it takes.

  • What skills do you have?
  • Where does your passion lie?
  • Where is your area of expertise?
  • How much can you afford to spend, knowing that most businesses fail?
  • How much capital do you need?
  • What sort of lifestyle do you want to live?
  • Are you even ready to be an entrepreneur?

Be brutally honest with your answers.

2. Think of a business idea.

Do you already have a killer business idea? If so, congratulations, you can proceed to the next section. If not, there are a ton of ways to start brainstorming for a good idea. An article on Entrepreneur, “8 Ways to Come Up With a Business Idea,” helps people break down potential business ideas. Here are a few pointers from the article:

  • Ask yourself what’s next. What technology or advancement is coming soon, and how will that change the business landscape as we know it? Can you get ahead of the curve?
  • Fix something that bugs you. People would rather have less of a bad thing than more of a good thing. If your business can fix a problem for your customers, they’ll thank you for it.
  • Apply your skills to an entirely new field. Many businesses and industries do things one way because that’s the way they’ve always been done. In those cases, a fresh set of eyes from a new perspective can make all the difference.
  • Use the better, cheaper, faster approach. Do you have a business idea that isn’t completely new? If so, think about the current offerings and focus on how you can create something better, cheaper or faster.

Also, go out and meet people and ask them questions, seek advice from other entrepreneurs, research ideas online or use whatever method makes the most sense to you.

And, if you’ve exhausted all your options and you’re still stuck, here are 55 great business options you can start.

3. Do market research.

Is anyone else already doing what you want to start doing? If not, is there a good reason why?

Start researching your potential rivals or partners within the market by using this guide. It breaks down the objectives you need to complete with your research and the methods you can use to do just that. For example, you can conduct interviews by telephone or face to face. You can also offer surveys or questionnaires that ask questions like “What factors do you consider when purchasing this product or service?” and “What areas would you suggest for improvement?”

Just as importantly, it explains three of the most common mistakes people make when starting their market research, which are:

  1. Using only secondary research.
  2. Using only online resources.
  3. Surveying only the people you know.

4. Get feedback.

Let people interact with your product or service and see what their take is on it. A fresh set of eyes can help point out a problem you might have missed. Plus, these people will become your first brand advocates, especially if you listen to their input and they like the product.

One of the easiest ways to utilize feedback is to focus on “The Lean Startup” approach, but it involves three basic pillars: prototyping, experimenting and pivoting. By pushing out a product, getting feedback and then adapting before you push out the next product, you can constantly improve and make sure you stay relevant.

Just realize that some of that advice, solicited or not, will be good. Some of it won’t be. That’s why you should have a plan on how to receive feedback.

Here are six steps for handling feedback:

  1. Stop! Your brain will probably be in an excited state when receiving feedback, and it might start racing to bad conclusions. Slow down and take the time to consider carefully what you’ve just heard.
  2. Start by saying ‘thank you.’ People who give you negative feedback won’t expect you to thank them for it, but doing so will probably make them respect you and encourage them to continue be honest in the future.
  3. Look for the grain of truth. If someone doesn’t like one idea, it doesn’t mean they hate everything you’ve just said. Remember that these people are trying to help, and they might just be pointing out a smaller problem or solution that you should look into further.
  4. Seek out the patterns. If you keep hearing the same comments, then it’s time to start sitting up and taking notice.
  5. Listen with curiosity. Be willing to enter a conversation where the customer is in control.
  6. Ask questions. Figure out why someone liked or didn’t like something. How could you make it better? What would be a better solution?

Also, one way to help you get through negative feedback is to create a “wall of love,”where you can post all of the positive messages you’ve received.Not only will this wall of love inspire you, but you can use these messages later when you begin selling your product or service. Positive reviews online and word-of-mouth testimonials can help make a big difference.

 

5. Make it official.

Get all of the legal aspects out of the way early. That way, you don’t have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something you never saw coming. A quick checklist of things to shore up might include:

  1. Business structure (LLC, corporation or a partnership, to name a few.)
  2. Business name
  3. Register your business
  4. Federal tax ID
  5. State tax ID
  6. Permits (more on permits here)
  7. License
  8. Necessary bank account
  9. Trademarks, copyrights or patents

While some things you can do on your own, it’s best to consult with a lawyer when starting out, so you can make sure you’ve covered everything that you need.

6. Write your business plan.

A business plan is a written description of how your business will evolve from when it starts to the finish product.

As angel investor and tech-company founder Tim Berry wrote on Entrepreneur, “You can probably cover everything you need to convey in 20 to 30 pages of text plus another 10 pages of appendices for monthly projections, management resumes and other details. If you’ve got a plan that’s more than 40 pages long, you’re probably not summarizing very well.”

Here’s what we suggest should be in your business plan:

  1. Title page. Start with name the name of your business, which is harder than it sounds. This article can help you avoid common mistakes when picking.
  2. Executive summary. This is a high-level summary of what the plan includes, often touching on the company description, the problem the business is solving, the solution and why now. (Here’s what you should include in the summary and how you can make it appeal to investors.)
  3. Business description. What kind of business do you want to start? What does your industry look like? What will it look like in the future?
  4. Market strategies. What is your target market, and how can you best sell to that market?
  5. Competitive analysis. What are the strengths and weakness of your competitors? How will you beat them?
  6. Design and development plan. What is your product or service and how will it develop? Then, create a budget for that product or service.
  7. Operations and management plan. How does the business function on a daily basis?
  8. Finance factors. Where is the money coming from? When? How? What sort of projections should you create and what should you take into consideration?

For each question, you can spend between one to three pages. Keep in mind, the business plan is a living, breathing document and as time goes on and your business matures, you will be updating it.

7. Finance your business.

There are a ton of different ways to get the resources you need to start your business.Angel investor Martin Zwilling, whose business Startup Professionals provides services and products for startups and small businesses, recommends 10 of the most reliable ways to fund your business. Take a look and consider your own resources, circumstances and life state to figure out which one works best for you.

  1. Fund your startup yourself. Bootstrapping your business might take longer, but the good part is that you control your own destiny (and equity).
  2. Pitch your needs to friends and family. It can be hard to separate business from personal relationships, but if you’re considering asking for a loan, here’s a resource you can use to make it as straightforward as possible.
  3. Request a small-business grant. Start by checking out our guide to small-business grants. Then, head over to Grants.gov, which is a searchable, online directory of more than 1,000 federal grant programs. It might be a long process, but it doesn’t cost you any equity.
  4. Start a crowdfunding campaign online. Sometimes power is in numbers, and a bunch of small investments can add up to something major. If you think your business might be a fit for something like Kickstarter or Indiegogo, you should read up on 10 of the best-crowdfunded businesses ever or check out the most popular crowdfunding websites.
  5. Apply to local angel investor groups. Online platforms such as Gust and AngelList and local networking can help you find potential investors who relate to your industry and passion.
  6. Solicit venture capital investors. VCs typically look for big opportunities from proven teams that need a million dollars or more, so you should have some traction before approaching them.
  7. Join a startup incubator or accelerator. These companies are designed to help new or startup businesses get to the next level. Most provide free resources, including office facilities and consulting, along with networking opportunities and pitch events. Some, also provide seed funding as well.
  8. Negotiate an advance from a strategic partner or customer. If someone wants your product or service bad enough to pay for it, there’s a chance they’ll want it bad enough to fund it, too. Variations on this theme include early licensing or white-labeling agreements.
  9. Trade equity or services for startup help. For example, you could support a computer system for office tenants in exchange for free office space. You might not get paid for this, but you won’t have to pay for an office, either, and a penny saved is a penny earned.
  10. Seek a bank loan or line of credit. Here are 10 questions you should ask before applying for a bank loan, including whether you will qualify. If you do meet the requirements, a good place to start for loan opportunities is the Small Business Administration.

8. Develop your product or service.

After all the work you’ve put into starting your business, it’s going to feel awesome to actually see your idea come to life. But keep in mind, it takes a village to create a product. If you want to make an app and you’re not an engineer, you will need to reach out to a technical person. Or if you need to mass-produce an item, you will have to team up with a manufacturer.

Here is a seven-step checklist — including finding a manufacturer and pricing strategies — you can use for your own product development. A major point the article highlights is that when you’re actually crafting the product, you should focus on two things: simplicity and quality. Your best option isn’t necessarily to make the cheapest product, even if it lowers manufacturing cost. Also, you need to make sure the product can grab someone’s attention quickly.

When you are ready to do product development and outsource some of the tasks make sure you:

  1. Retain control of your product and learn constantly. If you leave the development up to someone else or another firm without supervising, you might not get the thing you envisioned.
  2. Implement checks and balances to reduce your risk. If you only hire one freelance engineer, there’s a chance that no one will be able to check their work. If you go the freelance route, use multiple engineers so you don’t have to just take someone at their word.
  3. Hire specialists, not generalists. Get people who are awesome at the exact thing you want, not a jack-of-all-trades type.
  4. Don’t put all your eggs in one basket. Make sure you don’t lose all of your progress if one freelancer leaves or if a contract falls through.
  5. Manage product development to save money. Rates can vary for engineers depending on their specialties, so make sure you’re not paying an overqualified engineer when you could get the same end result for a much lower price.

To help you have peace of mind, start learning as much as you can about the production, so you can improve the process and your hiring decisions as time goes along.

This process will be very different for service-focused entrepreneurs, but no less important. You have several skills that people are willing to pay you for right now, but those skills can be hard to quantify. How can you establish yourself and your abilities? You might consider creating a portfolio of your work — create a website to show your artwork if you’re an artist, writing if you’re a writer or design if you’re a designer.

Also, make sure you have the necessary certificates or educational requirements, so that when someone inquires about your service, you’re ready to jump at a good opportunity.

9. Start building your team.

To scale your business, you are going to need to hand off responsibilities to other people. You need a team.

Whether you need a partner, employee or freelancer, these three tips can help you find a good fit:

  1. State your goals clearly. Make sure everyone understands the vision and their role within that mission at the very start.
  2. Follow hiring protocols. When starting the hiring process you need to take a lot of things into consideration, from screening people to asking the right questions and having the proper forms. Here is a more in-depth guide to help you.
  3. Establish a strong company culture.  What makes a great culture?  What are some of the building blocks? You can see our list of 10 examples of companies with great cultures, but keep in mind that you don’t need to have Google’s crazy office space to instill a positive atmosphere. That’s because a great culture is more about respecting and empowering employees through multiple channels, including training and mentorship, than it is about decor or ping-pong tables. In fact, office perks can turn out to be more like traps than real benefits.

Related: 10 Online Careers You Can Start Today With Basically No Money

10. Find a location.

This could mean an office or a store. Your priorities will differ depending on need, but here are 10 basic things to consider:

  1. Style of operation. Make sure your location is consistent with your particular style and image.
  2. Demographics. Start by considering who your customers are. How important is their proximity to your location? If you’re a retail store that relies on the local community, this is vital. For other business models, it might not be.
  3. Foot traffic. If you need people to come into your store, make sure that store is easy to find. Remember: even the best retail areas have dead spots.
  4. Accessibility and parking. Is your building accessible? Don’t give customers a reason to go somewhere else because they don’t know where to park.
  5. Competition. Sometimes having competitors nearby is a good thing. Other times, it’s not. You’ve done the market research, so you know which is best for your business.
  6. Proximity to other businesses and services. This is more than just about foot traffic. Look at how nearby businesses can enrich the quality of your business as a workplace, too.
  7. Image and history of the site. What does this address state about your business? Have other businesses failed there? Does the location reflect the image you want to project?
  8. Ordinances. Depending on your business, these could help or hinder you. For example, if you’re starting a daycare center, ordinances that state no one can build a liquor store nearby might add a level of safety for you. Just make sure you’re not the one trying to build the liquor store.
  9. The building’s infrastructure. Especially if you’re looking at an older building or if you’re starting an online business, make sure the space can support your high-tech needs. If you’re getting serious about a building, you might want to hire an engineer to check out the state of the place to get an objective evaluation.
  10. Rent, utilities and other costs. Rent is the biggest facilities expense, but check out the utilities, as well, and whether they’re included in the lease or not. You don’t want to start out with one price and find out it’s going to be more later.

Once you know what to look for and it’s time to start searching for a place that fits all of your qualifications, these four tips can help.

  1. Think on your own timeframe. Landlords are starting to offer shorter-term office rentals. Don’t get stuck in a long-term lease if it doesn’t make sense for your business.
  2. Play the whole field. There are all sorts of places to use — co-working spaces, office business centers, sublets and more. Keep your options open.
  3. Click around town. You might be able to find the perfect place by using online resources.
  4. Do the deal on your terms. Again, you have options. Don’t get roped into something that makes you uncomfortable.

After you have a location, you can focus on the aesthetic. You can check out a few design ideas here.

11. Start getting some sales.

No matter your product or industry, your business’s future is going to depend on revenue and sales. Steve Jobs knew this — it’s why, when he was starting Apple, he spent day after day calling investors from his garage.

There are a ton of different sales strategies and techniques you can employ, but here are four tenets to live by:

  1. Listen. “When you listen to your clients/customers, you find out what they want and need, and how to make that happen,” says investor and entrepreneur John Rampton.
  2. Ask for a commitment, but don’t be pushy about it. You can’t be too shy to ask for a next step or to close a sale, but you also can’t make customers feel as though you’re forcing them into a sale.
  3. Don’t be afraid of hearing “no.” As former door-to-door salesman (and now co-founder of software business Pipedrive) Timo Rein said, “Most people are too polite. They let you make your pitch even if they have no interest in buying. And that’s a problem of its own. Time is your most important resource.”
  4. Make it a priority. As entrepreneurial wizard Gary Vaynerchuk said, “Actually creating revenue, and running a profitable business, is a good strategy for business. Where are we that people think users or visits or time on site is the proxy to a successful business?”

But how do you actually make those sales? Start by identifying targets who want your product or service. Find early adopters of your business, grow your customer base or put out ads to find people who fit your business. Then, figure out the right sales funnelor strategy that can convert these leads into revenue.

12. Grow your business.

There are a million different ways to grow. You could acquire another business, start targeting a new market, expand your offerings and more. But, no growth plan will matter if you don’t have the two key attributes that all growing companies have in common.

First, they have a plan to market themselves. They use social media effectively through organic, influencer or paid campaigns. They have an email list and know how to use it. They understand exactly who they need to target — either online or off — with their marketing campaigns.

Then, once they have a new customer, they understand how to retain them. You’ve probably heard many people state that the easiest customer to sell to is the one you already have. Your existing customers have already signed up for your email list, added their credit card information to your website and tested what you have to offer. In doing so, they’re starting a relationship with you and your brand. Help them feel as good about that relationship as possible.

Start by utilizing these strategies, which include investing in your customer service and getting personal, but realize your work will never be done. You’ll constantly be competing for these customers in the marketplace, and you can never simply rest on your laurels. Keep researching the market, hiring good people and making a superior product and you’ll be on your way to building the empire you always dreamed about.

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សិក្ខាសាលាស្តីពី ការច្នៃប្រឌិតប្រព័ន្ធវៃឆ្លាតសម្រាប់លំហូរព័ត៌មានដំឡូងមីដោយរលូន

(ក្រុងព្រះសីហនុ)៖ សិក្ខាសាលារយៈពេល ២ថ្ងៃ ស្តីពីការច្នៃប្រឌិតប្រព័ន្ធវៃឆ្លាតសម្រាប់លំហូរព័ត៌មានដំឡូងមីដោយរលូន ដែលរៀបចំដោយវិទ្យាស្ថានបណ្តុះបណ្តាលពាណិជ្ជកម្ម និងស្រាវជ្រាវនៃក្រសួងពាណិជ្ជកម្ម សហការជាមួយកម្មវិធីអភិវឌ្ឍន៍សហប្រជាជាតិ (UNDP) ត្រូវបានប្រារព្ធពិធីបើកជាផ្លូវការ កាលពីព្រឹកថ្ងៃទី២០ ខែវិច្ឆិកា ឆ្នាំ២០១៧ ក្រោមអធិបតីភាព ឯកឧត្តម រាជ រ៉ា អនុរដ្ឋលេខាធិការ ក្រសួងពាណិជ្ជកម្ម។

សិក្ខាសាលានេះ ក៏មានការចូលរួមពីថ្នាក់ដឹកនាំ និងមន្រ្តីរាជការនៃក្រសួងពាណិជ្ជកម្ម មន្ទីរពាណិជ្ជកម្មខេត្ត ក្រសួងកសិកម្មរុក្ខាប្រមាញ់ និងនេសាទ មន្ទីរកសិកម្មខេត្ត សមាគមន៍ដំឡូងមី ក្រុមហ៊ុនកែច្នៃដំឡូងមី ក្រុមហ៊ុននាំចេញដំឡូងមី និងសាស្រ្តាចារ្យមកពីសកលវិទ្យាល័យចំនួន១០ សរុបជាង ១០០នាក់។ គោលបំណងសំខាន់នៃសិក្ខាសាលានេះ គឺដើម្បីចែករំលែកចំណេះដឹងជូនសិក្ខាកាម អំពីការប្រមូលព័ត៌មាន ការព្យាករណ៍ទិន្នន័យអនាគត ការបង្កើតបណ្តាញព័ត៌មានទីផ្សារដំឡូងមី និងការប្រើប្រាស់ឧបករណ៍វិភាគទីផ្សារអន្តរជាតិ ព្រមទាំងបញ្ហាអនាម័យ និងភូតគាមអនាម័យ (SPS) ក្នុងការផលិតដំឡូងមី ស្របតាមស្តង់ដារទីផ្សារអន្តរជាតិ។

នៅក្នុងសុន្ទករថាបើកកម្មវិធី ឯកឧត្តម រាជ រ៉ា បានលើកឡើងអំពីសមិទ្ធផលសំខាន់ៗរបស់ក្រសួងពាណិជ្ជកម្មដូចជា ការដាក់ឱ្យដំណើរការប្រព័ន្ធស្វ័យប្រវត្តិកម្មផ្សេងៗ និងការធ្វើប្រតិភូកម្មការស្នើសុំវិញ្ញាបនបត្របញ្ជាក់ប្រភពដើមទំនិញ (CO) ទម្រង់ D នៅក្នុងខេត្តប៉ៃលិន និងបាត់ដំបង ដើម្បីជំរុញកិច្ចសម្រួលពាណិជ្ជកម្ម និងលើកកម្ពស់បរិយាកាសធុរកិច្ចនៅកម្ពុជា។ ឯកឧត្តមបានបន្តទៀតថា បច្ចុប្បន្នក្រសួងពាណិជ្ជកម្ម កំពុងរៀបចំគោលនយោបាយដំឡូងមី ដើម្បីកៀងគរវិស័យឯកជន និងភាគីពាក់ព័ន្ធចូលរួមអភិវឌ្ឍន៍ចង្វាក់តម្លៃផលិតផលដំឡូងមី និងធ្វើពិពិធកម្មការនាំចេញផលិតផលដ៏មានសក្តានុពលនេះ ទៅកាន់ទីផ្សារអន្តរជាតិឲ្យបានអតិបរិមា នាពេលអនាគត។

លោក សួន វិជ្ជា ប្រធានវិទ្យាស្ថានបណ្តុះបណ្តាលពាណិជ្ជកម្ម និងស្រាវជ្រាវ បានបង្ហាញជូនសិក្ខាកាមអំពីការប្រើប្រាស់ឧបករណ៍វិភាគទីផ្សារអន្តរជាតិ (ITC) សម្រាប់ផលិតផលដំឡូងមី ដូចជាការស្វែងរកទំហំពាណិជ្ជកម្ម អត្រាកើនឡើងនៃការនាំចូល សន្ទស្សន៍ថ្លៃនាំចូល និងអត្រាពន្ធគយ ដើម្បីទទួលបានភាពអនុគ្រោះពីតំបន់ពាណិជ្ជកម្មសេរី។ លើសពីនេះ លោកប្រធានក៏បានចែករំលែកពីឱកាស និងបញ្ហាប្រឈមមួយចំនួន សម្រាប់សហគ្រាសធុនតូច និងមធ្យម ក្នុងការកំណត់សក្តានុពលទីផ្សារ និងការអនុវត្តស្តង់ដារផលិតផល ស្របតាមទីផ្សារក្នុងតំបន់ និងពិភពលោក៕

នៅក្នុងប្រទេសកម្ពុជា កំណើនការដាំដុះដំឡូងមីនៅតែបន្តកើនឡើង ក្នុងចំណោមផលិតផលកសិកម្មសំខាន់ៗ ដោយសារតែប្រជាកសិករខ្មែរចូលចិត្តធ្វើកសិកម្មលក្ខណៈវិលជុំ។ យោងតាមរបាយការណ៍ក្រសួងកសិកម្ម ការដាំដុះដំឡូងមីចាប់ពីឆ្នាំ២០០០ បានកើនពី ១៦ពាន់ហិកតា ដល់ជាង ៦០០ពាន់ហិតា ហើយបានផ្តល់ទិន្នផលសរុប ១៣លានតោន កាលពីឆ្នាំ២០១៦ នៅក្នុងនោះខេត្តបាត់ដំបង មានដីដាំដុះធំជាងគេ គឺរហូតដល់ ១៥៥,៤២៤ហិកតា៕

23 Ways to Make Money, Being a Student

As a college student, you often find yourself strapped for cash. Chances are you have some spare time to earn a few extra dollars in between managing classes and a social life. Thankfully, there are many possibilities to make money as a college student. It’s even possible to earn an income without having to leave your dorm room!

Make Money From Anywhere

These following work ideas are where the true income potential is! This is because you can partake in any of these income streams from anywhere with an internet connection. Even better, you can use your technical skills and these projects to build your portfolio and potentially turn into a long-term income stream that lasts well beyond your college years.

  1. Get Paid to Exercise

Employer wellness programs in recent years have begun paying employees for healthy behaviors. If you use a fitness app to record your steps or other physical activity, AchieveMint connects with 40+ Android and iPhone apps to pay you money for your healthy behaviors like exercise, counting calories, sleeping, and even for participating health research surveys.

  1. Take Online Surveys

If you have been wanting to give your two-cents on current issues and trends, you are an ideal candidate for taking surveys! Two of the best companies are Survey Junkie and Opinion Outpost that pay you cash. Online surveys are not as lucrative as working a typical part-time job, however, they can be completed when you have a few spare minutes in between classes or during a meal break and can serve as a secondary income stream.

  1. Become a Graphic Designer

Graphic design isn’t just for making website graphics and logos. While there is a strong demand for website design, it’s also possible to earn a tidy income by designing eBook covers, t-shirts, business cards, wall art, personalized gifts, and product packaging.

If you have an eye for design, put your talents to use with 99 Designs or Cafe Press. Either of these services will help you meet individual clients and large businesses looking for a quality designer.

  1. Freelance Write

Getting paid to write isn’t just for professional newspaper & magazine journalists. You might be surprised how many websites, blogs, and periodicals pay average people to write articles and eBooks for them. While being a journalism or writing major can lend you a competitive advantage, you don’t have to be the next Shakespeare or Stephen King to make money writing.

Anybody can make a steady income from freelance writing in their area of expertise such as personal finance, health & lifestyle, entertainment, marketing, etc. You already have experience writing research papers and college essays so the transition will be smaller than you expect.

Launching your freelance writing career might feel daunting at first. One of the best ways to get started is by taking the online course Earn More Writing that will show you how to build your personal brand and locate the best writing gigs in any niche.

  1. Start a Blog

If you want to pursue the previous idea of freelance writing, starting a blog is an excellent way to create a portfolio that prospective clients can use and earn passive income from affiliate marketing.

If you are unfamiliar with affiliate marketing, here’s a quick review. On your blog or YouTube channel, you place an affiliate link to a product you recommend that visitors can click on. When the visitors clicks on the link, they will be taken to the merchant website to buy the product. If they make a purchase, you get a percentage of the proceeds.

Think of it as a “referral fee” your landlord pays you when a friend signs an apartment lease and mentions your name. The beauty of affiliate links is that they can continue to be a source of income as long as people continue to visit your site and have the opportunity click on the links. It’s entirely possible to earn affiliate income from articles you wrote 3 or 4 years ago.

While it’s easy to add affiliate links to any post on your blog, there’s a smart way to monetize your blog. Michelle, a successful affiliate marketer, shares her secrets of how show earns over $100,000 a month in affiliate links with her Making Sense of Affiliate Marketing course.

  1. Start a YouTube Channel

If writing isn’t exactly your cup of tea, videos are another avenue to earn online income. In some ways, video channels like YouTube are more relevant than blogs with 1,000 words posts since you can visually see the person changing a car battery, performing a skateboard trick, or beating the final boss in a video game.

Similar to blogs, you can add affiliate links for products and services you recommend in the video. And, as long as the video is on YouTube and people continue to watch it, you have the opportunity to gain affiliate income when they make a purchase.

  1. Sell Something Online

If you have dreams of building the next eBay or Amazon e-commerce site, college is a great time to unleash your entrepreneurial spirit and create an online store. By using a platform like Shopify, you can start drop-shipping. This means you don’t have to kick your roommate out of your dorm to make room for all the inventory.

With Shopify, you create the sales pages and when the customer places an order, the manufacturer directly ships to the product from their warehouse to the customer’s front door. Or, you can always sell an online product like spreadsheets or eBooks that you have written.  Another benefit of selling with Shopify is that they have twice as many templates as other online shopping carts, and, they offer a 14-day free trial.

  1. Sell Your Video Game Accounts

Maybe you were a video game addict in high school and no longer have time to play them & still get good grades in college. If that’s the case, you might be able to sell your video game accounts online at sites like eBay to the highest bidder. You worked hard to make all that process and it can be a quick way to make some extra cash.

  1. Earn Stock Dividends

While your disposable income might be very small as a college student, it’s never too early to start investing in stocks that pay regular dividends. With historically low bank interest rates, the stock market is one of the few avenues to earn passive income. Investing as a college student can also be a great learning experience as you can learn the ins & outs of investing with a small amount money to prepare you for when you earn a “real” paycheck and will be managing larger investments in your retirement & taxable brokerage accounts.

To maximize your earning potential you will want to use an online broker with the lowest trading fees. Ally Invest allows you to trade stocks as low as $3.95 per trade which is very affordable.

You can also trade ETFs and Mutual Funds to increase your investment diversification by reducing market risk without sacrificing your earning potential.

In addition to having some of the lowest fees in the industry, Ally Invest has excellent customer service and some pretty good research tools as well.

Making Money On Campus

Let’s start with some of the classic ways to make money in college. These might include some of the ways your parents or older siblings worked as college students.

  1. Work-Study

At part of your financial aid package, although some positions are non-needs based, you might be able to find a work study job that allows you to get paid to study. Each semester, your school has paid work study positions to fill allowing you to potentially be a computer lab assistant, work behind the desk at the college library, or become a clerical assistant for an academic department.

Make Some Extra Cash by Taking Surveys

Taking surveys in your spare time can be a great way to earn some extra dough fast. Check out Survey Junkie which will pay you instantly with cash via Paypal. They have over 6,000,000 members and they have an 8.9/10 rating on Trust Pilot.

There is an element of “work” to these jobs, but, when you don’t have to replace paper in the printers or help a student or professor with a task, you can use the time to study.

  1. Give Campus Tours

Many colleges often have groups of visitors that come to view the historic buildings or historical sites on the campus grounds and offer a 1-hour tour several times each day. If you meeting new people and have school pride, being a tour guide is an easy way to earn a few extra dollars without a huge time commitment.

  1. Be a Cashier at the School Museum or Campus Gift Shop

Many historic colleges also have a school museum that tells about the history of the college and might include special collections donated by alumni for current students and visitors to enjoy. Included in every museum or campus is a gift shop and a cash register manned by a student cashier. Being a cashier means you might not have as much free time to study compared to being a computer lab or library assistant, however, being able to remain on-campus might mean you can walk to work and save on driving expenses.

  1. Work at the Cafeteria

You can also work in your school cafeteria or one of the restaurants within the student center food court. These jobs might be more time intensive although it can be possible to have flexible hours as you can work breakfast, lunch, or dinner, compared to only in the afternoons with other types of employment.

  1. Sell Used Textbooks

Selling back your used textbooks to the campus bookstore has one of the lowest cash redemption values. Instead, selling your books using BookScouter will immediately check the price from 35 buyback vendors to show you the highest price.

When you sell your books, you only have to package them and can mail them for free.

Off-Campus Opportunities

It’s also possible to work off-campus and potentially earn more money as on-campus jobs don’t always pay the highest.

  1. Drive for Uber

If you have a car and are comfortable with using it as a taxi around town, driving for Uber is a unique way to make money. You can set your driving hours and only accept the trips that appeal to you.

Keep in mind there are some minimal qualifications you must meet such as being at least 21 years old, have at least 3 years of driving experience, and own a 4-door vehicle.

  1. Deliver Pizzas

While we are on the topic of driving, delivering pizzas isn’t just for the 16-year-old high school student that just earned their driver’s license. Many fast-food and pizza joints are happy to employ college students as cashiers or cooks, but, you have the potential to earn a few extra dollars if you can deliver because you earn tips along with a base hourly wage.

  1. Work at the Public Library

The local public library might also have hourly positions available allowing you to shelf books & movies that have been checked in. This can be a good option if you only need to work one or two afternoons a week as these positions are often part-time.

  1. Tutor

Tutoring is a great way to help high school students gain an understanding of courses like Chemistry, Foreign Language, Math, etc. There are websites that allow you to advertise your services online and you can earn at least $10 per hour.

  1. Teach Music Lessons

Parents are always looking for affordable music lessons. If you have a musical gift, teaching music lessons in college can be a great way to gain teaching experience and use your skills. You should be prepared to drive to the student’s house if you do not have a public meeting space available.

  1. Donate Plasma

If you aren’t afraid of needles, donating plasma for cash can earn up to $400 per month & you help somebody with a medical need in the process.

  1. Participate in Medical Experiments

There might be paid medical experiments and psychology experiments offered on-campus or your local hospital might be conducting a legal trial as well. Depending on the experiment, you could earn up to $20 per hour!

  1. Become a Handyman

If you have hands-on experience mowing lawns, fixing leaky faucets, painting bedrooms, moving, etc., using a site like TaskRabbit can help you earn money by completing tasks in the local community where somebody needs an extra hand. This can be another good income stream if only need one-time tasks and don’t mind exerting a little physical energy in the process.

  1. Take Care of Pets

Petsitting is a big business across the country and some people make a six-figure income from it. By connecting with professionals and pet owners that need somebody to walk the dog or spend an hour playing with their pets while they are away at work or traveling the globe, can be good money.

You may need to gain some certifications before you can start pet sitting and you can also find leads at your local pet stores and veterinarian offices.

50 Best Small Wholesale & Retail Business Ideas for 2017

Retailing of Bread
Bread is a stable food that people consume in all parts of the world. What is more, it is easier to find entrepreneurs retailing bread. If you are looking for a retailing business to delve into, a business that requires little capital to get started, and then you should consider retailing bread.

All you need to do is to identify a supplier, secure deliver of breads from different bakeries and then display them in your store. It is a cool way of making money but you must ensure that you sell them all as fast as you can, because breads have short shelf lifespan. You should also consider the fact that will need to offer different types of bread to your consumers.
Retailing of Soft Drinks
There are various brands of soft drinks (Coca Cola, Pepsi, Schweppes et al) all across the world and companies who are into the production of these soft drinks rely greatly on retailers to help them sell their drinks. If you are looking for a means of making money, then one of your options is to go into the retailing of soft drinks. Beyond every reasonable doubt, there is a very large market for soft drinks; its consumer cuts across people of all age groups.

The major things you need to do to make headway in this type of business, is to choose a location where you can easily attract consumers of soft drinks and also to ensure that you have assorted chilled soft drinks for sale at all times. Locations such as sports centers, public facilities, school and campuses, religious gathering et al.

Open a Grocery Store
A grocery store is a good picture of what it means to run a retailing business; every product in a grocery store is all retailed. If you are looking for an ideal retailing business to start – a mom and pop style of business that requires low start – up capital to set – up, then you should consider opening a grocery store in an ideal location. People visit grocery stores to re – stock their homes from time to time. This type of business is simple to set up and it is indeed a profitable business.

You might not make huge profit from this type of business, but you are sure of maintaining steady cash flow on a daily basis. If you choose to start this type of business, ensure that you conduct market survey in order to know the types of products to stock your store with. The truth is that if you stock your store with what the people around do not need, you will struggle to make sales.

Start a Beer Retailing Business
Pubs, bars and hang – out joints are known basically for the retailing of beers. There is a large market for beers not just in the United States of America but also in most parts of the world except in core Arab countries. As a matter of fact, beer brands such as Heineken are consumed all over the world. If you are looking for a retailing business to start, then you should consider opening a beer parlor where beers from various brands will be retailed directly to consumers.

Once you have decided to start your own beer retailing business, one of the strategies you should adopt is to ensure that you have assorted beers from different brands in your country. You might as well engage in the sale of locally brewed beer from microbreweries. Over and above, if your bar is well located in a safe environment, you wouldn’t struggle to attract customers on a regular basis.

Start a Wine Retailing Business
People drink wines from different manufacturers during various occasions. There is a large global market for assorted wines. If you are looking for a retail business to go into, you should consider starting a wine retailing business. Be sure that you choose a good location to set – up your shop and also ensure that you have assorted alcoholic and non – alcoholic wines from different brands on your shelve.

Retail business thrives when your customers have various options to choose from. As a matter of fact, once people can easily get the brand of wines they are looking for from your shop, it makes it easier for them to refer their family members and friends to your store.

Start Babies and Pregnant Women Clothes Retailing Business
Another retailing business that you can consider when tinkering to start a business is the retailing of babies’ clothes, as well as maternity clothes et al. It is a cool way of making money. Before starting this type of business, it is important to first conduct a thorough market survey and feasibility studies so as to choose a good location to rent or lease a store.

If you locate this type of business in an area that is dominated by retirees, you are likely going to struggle to make sales. One of the best places to locate this type of business is a hospital and maternity center; that is a place where pregnant women visits for antenatal clinics et al.

Fruits Mart.
Opening a fruit mart is yet another retailing business that an entrepreneur should consider starting. Beyond every reasonable doubt, there is a large market for fruits. Just like staple foods, fruits consumers cut across people of various age groups. As such, if you are looking for a retailing business to start, a business that requires low start – up capital, then you should look towards opening your own fruit mart in your neighborhood.

If you are looking towards opening your own fruit mart, then you must ensure you put facilities in place that will help you preserve your fruits. Fruits are highly perishable hence it must be well preserved if you are not able to sell them within a very short period of time from when they are harvested. Retailing of fruits is indeed a profitable business.

Open a Retail Pharmacy Store
Another ideal retailing business where products (drugs and medical supplies) from different manufacturers are retailed is a retail pharmacy store. If you are a licensed pharmacy and you looking towards starting your own business as against working for someone, then you should consider opening a retail pharmacy store.

This type of business is highly profitable and thriving if well located. Pharmacy retailing business if one the few retailing businesses that are highly regulated. Before you can start this type of business, you will be required to secure permits a license from the regulatory bodies in your country or city.

Open a Boutique
Boutique is also a typical retailing business and any entrepreneur in any part of the world can successfully open a boutique without much stress. All that is required to lunch this type of business is a store that is well positioned and money to stock your boutique with different types, colors, shapes and designs of clothes and fashion accessories from different clothing labels / designers. The truth is that, if your boutique is well located and well stocked with quality clothes and fashion accessories, you are likely not going to struggle to attract customers.

Open a Bookshop
If you are considering to begin a retailing business, then one of your options is to open a bookshop; a store where books of different genre from different authors are sold. There is a large market for books especially if you have done your homework before stocking up your bookshop with books.

If you are considering starting this type of business, aside from the fact that you will be operating your bookshop from a facility (brick and mortar store), it will be to your advantage to also maintain an online book shop. Why is this vital? Well, it will give the online community an opportunity to patronize your bookshop.

Open a Mobile Phone Shop
Mobile phones, smart phones and accessories store is yet another cool retailing business an entrepreneur can consider starting. It might not be cheap starting this type of business, but of a truth it is a highly thriving business. There is a large market for mobile phones and its accessories. Just like any other retailing business, choosing a good site for this type of business and ensuring that you have phones from different brands, are some of the ideas you need to adopt if you want to make good income from the business.

Starting this type of business might require a huge startup capital, but in the long run it sure does pay off and you will smile to the bank. However, you will need to do some good homework, and that is to found out who the suppliers are.

Retailing of Children’s Toys
Aside from people who buy toys for the purpose of reselling them, most people who buy toys purchase them from retail stores. As a matter of fact, there is hardly any household with children in the United States of America and Canada where you couldn’t possibly find children’s toys. This goes to show that there is a large market for children’s toys, not just in the United States but in most parts of the world.

So, if you are looking for a retailing business to start, then you should consider opening a children’s toy shop in your community. Please note that the location you situate your children’s toy store, goes a long way to determine the success of the business. For instance; if you locate this type of business is an estate with a large percentage of retirees, then you are likely going to struggle to grow the business. The ideal location for this type of business is a place where you can easily find children; a place where young couples resides.

Gold Buying and Selling
Drop Shipping
Convenience Store
Stationery Store
Open a Cosmetic Shop
Another ideal retailing business that an entrepreneur can successfully start without any technical skill is operating a cosmetic shop. There is a large market for cosmetics and good enough the cosmetic business is not meant for women alone but all genders. There will always be the need to use body care products, because of the need to stay clean and look beautiful.

If you are looking towards starting a retail business that is easy to run, then you should consider opening a cosmetic shop. Just like any other retail business, positioning is an important factor that determines the success of the business. So, before making a choice as it concerns the locations to rent or lease a shop to start your cosmetic retailing business, ensure that you conduct a thorough market survey and feasibility studies.

Retailing of Food Stuffs
You can open a store where food stuff such as; rice, beans, spaghetti, macaroni, maize, yams, potatoes, and grains et al can be retailed to consumers. When it comes to retailing food stuffs, you can decide to repackage them in smaller quantities that can make it easier for people with little income to purchase. Food is an essential commodity in any part of the world and there is a large market for food.

As a matter of fact, one of the retailing businesses that you start that is likely going to thrive with little or no effort on your part is food retailing business. This is so because food is considered as the number one need in the Maslow hierarchy of human needs.

Retailing or Music and Movies
There is indeed a large market for music and movies and this market cut across people of different faith, race and culture. The United States of America has the largest entertainment industry in the world and products from this industry are basically retailed.

If you live in the United States or in any parts of the world and are considering starting a retail business, one of the businesses that you can successfully start is retailing of music and movies. In other to stay competitive in this industry, you must be involved in retailing music and movies in all formats; that is in softcopies (downloads) and hardcopies (CDs and DVDs et al).

Retailing of Bed sheets, Duvets, Pillows et al
Another thriving and profitable retailing business that is less competitive in the United States that an entrepreneur can consider starting is to open a store where stuff like bed sheets, duvets, pillows and throw pillows et al are retailed. It is a good and easy business to start; besides it is a profitable business venture.

Cigar Lounge
A cigar lounge is a place where smokers patronize so as to freely smoke cigarettes without the fear of harassment from security personal especially in places where there is a ban for smoking in public places. In cigar lounges, smokers can easily find assorted cigarettes from different brands. Cigar lounge is perhaps one of the few places where cigarettes are freely retailed.

So, if you are a cigar lover or you are interested in making money legally from a business, then you should consider opening a cigar lounge in your community. Please note that you will be required to secure the necessary state permits before you can be allowed to official open and operate a cigar lounge in the United States of America.

Retailing of Frozen Food Mart
Frozen food mart is another typical retailing business and it is indeed a thriving and profitable business venture. Frozen foods such as fish, chickens, turkey et al, are generally consumed worldwide. So, if you are looking for a retailing business to start; a business that is not capital intensive and simple to manage, then you need to consider setting – up a frozen food mart.

It is important to state that the location you choose to start this type of business will go a long way to determine if the business will become successful. The ideal place to locate this type of business is around a market place or residential estates et al.

Open a Meat Mart
Another retailing business that an entrepreneur can successfully start is to open a meat mart. Aside from vegetarians and a couple of people, meats are generally consumed in all the parts of the world hence it is a viable and profitable business to start.

Just like most retailing business, the location you choose to start this type of business will go a long way to determine the success of the business. The ideal place to locate this type of business is food market and residential estates if the law of your community permits it.

Open a Vegetable and Fruits Mart
If you are looking towards starting a retailing business as an entrepreneur and you live in a community where you can easily have access to fresh vegetable and fruits, then you should consider opening a vegetable and fruits mart. It is indeed a simple business that requires little start – up capital and as a matter of fact, any serious minded entrepreneur can successfully run this type of business. This type of business does not require any special skills to run and it is important to state that if you stock your mart with varieties of fruits and vegetables, you can easily attract customers.

It is also very expedient that you seek out a good source where you can get all there vegetables and fruits in its fresh state. Truth is that one of the things that may repel some customers is the point when these things aren’t fresh or well preserved.

Retailing of Shoes, Sandals, Slippers and Belts
Aside from running a boutique which is a good retailing business in the fashion industry, opening a store where shoes, sandals, slippers and belts are sold, is also a good things to venture into. It is indeed a profitable business – especially if the business is well positioned.

Consequently, if you are looking for a retailing business to delve into, a business that falls within the fashion industry, then you should consider opening a store that sells shoes, sandals, slippers, belts, wallets, hats, caps and general leather works as it relates to fashion.

Open a Coffee Café
A coffee café is a cool retailing business and any serious minded entrepreneur with little funds can successfully start and run the business. As a matter of fact, if you don’t have funds to rent or lease a shop you can still start this type of business. People who can’t afford shop and are serious about making money can start a mobile coffee business. Although, it might be stressful moving your mobile coffee dispenser from one part of the city to another, but of a truth it is an easier means to sell your coffees.

In starting this type of trade, you have got to determine which of the two options you want to adopt. Doing a good research on your own would also be a great way to start gathering information.

Open a Gift Shop
If you don’t want to stress yourself but want to make money from a business, then one of the businesses that you should consider starting is to open a gift shop. A gift shop is another typical example of a retailing business. A gift shop is a place where various items good enough to be present as gifts are retailed.

If you are looking to start this type of business, it will be to your advantage to ensure that your store is stocked up with a wide range of products from different manufacturers, including handmade products (crafts). It is important to state that the location you choose for this type of business is a key factor that will determine the success of the business.

One of the things that you may consider doing before starting this business is sample the views of people about the types of gifts people love to give. This way you will know what to invest in as you start out.

Retailing of Plastic Products (Containers)
At homes, in the work places, in schools, hospitals, hotels et al, you will find various sizes and shapes of plastic products (containers). This goes to show that there is a large market for plastic products (plastic buckets, plastic kegs, plastic plates, plastic pails, et al). Hence, if you are looking for a retailing business to start, then you should consider opening a shop where plastic products are retailed. It is indeed a profitable business and it is easy to start and manage.

One of the ways to get great plastic deals as you start out is through the manufacturers. This means that you have got to find and establish a good rapport with plastic manufacturers in your locality, or city of location.

Retailing of Chemicals and Paints
Another retailing business howbeit, a little bit technical that an entrepreneur can start and make huge money from is retailing of chemicals and paints. There are different type of chemicals that are used for different purposes and if you are trained to handle chemicals and paints, one of the retailing businesses that you should consider starting is to open a store where chemicals and paints are retailed. It is a cool way of making money and if your store is well positioned, you are likely not going to struggle to attract customers; it is indeed a profitable business.

It is very pertinent to start that starting a chemical business would need lots of health permit. This is why you have to strive to get all the possible licensing that you will need to obtain before starting your chemicals and paints business. Failure to do this may be tantamount to being clamped down by the regulating bodies involved in the industry.

Open an Ice Cream Shop
Ice cream shop is another cool retailing business that any serious minded entrepreneur can successfully start and make cool cash from. It is a business that requires little training and skills to set – up and managed. If you are looking towards starting this type of business, and you don’t have the skills, you can quickly learn the skills, it is likely not going to take you more than a week to learn how to make different flavor of ice creams.

Even if you don’t have the required capital to rent and equip a shop, you can operate a mobile ice cream shop. Mobile ice cream shop will give you the opportunity to change location per time and to go to places where you know you are likely going to generate sales.

One of the things that stand one out in this trade is the ability to be creative. This means that you must be up and doing to make different types of flavors since consumers love variety.

Retailing of Beverages
If you are not interested in starting and operating a provisions store- where you are likely going to sell different types of commodities as it relates to house hold needs, then you should look at the retailing of beverages. As a matter of fact, if you chose to retail only a single commodity, it would be easier for you to attract customers because you will definitely have space for varieties of beverages both from your country and from other countries. It is a cool way of making money and it is less cumbersome to handle this type of business that deals with a single commodity both from different manufacturers.

Like other industries that require you buying from manufacturers, you will need to establish a good rapport with these people so that you can be considered for discounts and other freebies.

Open a Sport Shop
Sport shop is another avenue to go into retailing business. A sport shop is a place where sport wears and sport wares are sold. If you are looking towards starting a retailing business, you should consider opening a sport shop. Just like any other retailing business, sport shops are easy to start and operate. Just ensure that you choose a good location to rent or lease a store and also ensure that you stock your shop with varieties of sports stuffs from different brands and you won’t struggle much to attract customers.

Retailing of Hair Extensions and Hair – care Products
It is observed that ladies spend more on shopping when compared to their male counterparts; which is why any business that is geared towards ladies are known to thrive. If you are looking for a retail business to start, a business that is easy to start and manage, then you should consider opening a shop where hair extensions and a wide range of hair care products are sold. It is a thriving business and profitable business. Just ensure that you choose a good location for the business, a location that is visible and easy to locate.

Open a Retail Store for Lightings and Electrical Fittings
There is a large market for lightings and electric fittings; it is a business that is easy to set – up and managed. The truth is that people will always have need to replace their electrical bulbs, fluorescents and other lightings because they have a lifespan – perhaps a short life span. As such, if you are looking to start a retailing business, then you should consider opening a shop where lightings and electrical fittings are sold. It is a profitable business especially if the business is well positioned.

Drinks and Table Water Retailing Business
Drinks and table water retailing business is yet another viable and profitable business that any serious minded entrepreneur can successfully launch. Once you start the retailing of minerals, malt drinks, wines, beer, other alcoholic drinks and table water, you are sure going to make good sales if the business is well located. Just ensure that you have a fridge to always keep the drinks and water chill. You can run this type of business from your home.

Ice Block Making and Sale Business
Ice Block making and sale business is one of the retailing businesses that is easy to start and manage; it is a business that won’t take your time. With an effective ice block making machine, all you need to do is to employ a sales girl or sales boy and they will help you handle the business. As a result, if you are considering opening a retailing business that won’t take most of your time; a business that will allow you handle other business interest or even keep a 9 to 5 job, then you should consider starting an ice block making and sale business.

Open a Snack and Chocolate Bar
Another highly thriving retailing business that an entrepreneur can consider starting, a business that is easy to set – up and perhaps with low start – up capital is a snack and chocolate bar. This type of business is easy to manage and it is indeed a profitable venture especially if you carry out detailed feasibility studies before choosing a location for the business. You don’t need any speciall skills to successfully run this type of business; the basic skills you need are customer services skills and business skills.

Start a Popcorn Gourmet Business
Gourmet business is another typical retailing business. If you are looking for a simple but highly thriving small business to start, then you need to consider starting a gourmet retailing business. It is indeed a profitable business and if you want to make the best out of this type of business, then position your popcorn gourmet outlet around a cinema, football viewing center, sports center and outdoors event centers.

Retailing of Electronics
Televisions, radios, home theaters, amplifiers et al are products that are highly sellable. If you are looking in the direction of starting a retailing business, then you should consider opening an electronic shop. It is indeed a thriving and profitable business. Part of the strategy you need to adopt in order to stay competitive in this type of business is to deal in various notable and durable electronic brands. Overtime; brands such as LG, Samsung, Sonny, Panasonic, Sharp et al, have carved their niche in the market place. It will be safer for you to ensure that you deal in electronic products from these brands.

Retailing of Automobile Spare Parts
Another retailing business that an entrepreneur should consider starting is to open an automobile spare part shop; a shop where parts of various make of automobiles are sold. The truth is that automobiles parts are subject to wear and tear, hence a thriving spare parts business. Although this type of business is easy to set – up, but it requires moderate start – up capital and a fair knowledge of automobiles. So, if you are looking towards starting this type of business, then you must ensure that you learn the trade from someone who is already in the business.

Retailing of Towels, Handkerchiefs, Napkins and Table Clothes
As simple as selling towels, handkerchiefs, napkins and table clothes et al is, it is a business that can pay bills. If you are looking for a retail business to start, a business that is simple to establish and a business that requires low start – up capital and no technical skills, then you should consider retailing towels, handkerchiefs, napkins and table clothes et al. It is a profitable business without much competition. You might not be able to make millions from this type of business, but it is a business that you are sure can generate income for you.

Retailing of Kitchen Utensils and Cutleries
Retailing of kitchen utensils and cutleries is yet another thriving retailing business that an entrepreneur can comfortably start with little or no stress. If you are able to rent a shop in a busy market, then you should consider retailing kitchen wares and cutleries.

As a matter of fact, there is hardly any household where you won’t find pots, frying pans, kettles, spoons, plates, knives, et al. These goes to show that there is a large market for such items. So if you considering starting a retailing business, then you should look towards opening a kitchen utensils and cutleries shop.

Retailing of Jewelries and Fashion Accessories
If you have cash and you are looking for a viable retail business to start, then you should look towards starting your own Jewelries and Accessories shop; a shop where you can sell necklaces, rings, earrings, bangles et al. It is indeed a viable and profitable business and aside from the fact that you can sell these items from your shop, you can as well take your jewelries and fashion accessories to places where you can attract sales. It could be the homes of your family members and friends or even a place where people meet to network.

Retailing of Children’s Educational Materials
Another retailing business that an entrepreneur can successfully start without any form of technical skills needed, is retailing of children’s educational materials. Materials such as kids learning pads, story books, Lego, jig-saw puzzle, educative video games, educative CDs and DVDs et al are highly sellable as long as you position the business is a location where there are children.

You can as well take you goods to schools to market. Retailing children’s educational materials is indeed a profitable business and anybody can start this type of business. As a matter of fact, you would not need any specially license or permit to run this type of business.

Retailing of Tailoring Materials
There is a large market for tailoring materials, such as; sewing threads, nettles, buttons, linings, ribbons, safety pins et al. If you are looking near starting a retailing business, a place where there are tailoring activities, then you should consider opening a retail shop for tailoring materials. If this type of business is strategically located, then you are not going to struggle to attract customers.

Retailing of Sunshades and Eye Glasses Frames
If you are tinkering with the idea of starting a retailing business, one of your options is to open a store where sunshades and eye glasses frames are sold. This type of business is simple to establish and of course it is a profitable business. But, just ensure that you choose a good location for the business and you wouldn’t struggle much to attract customers.

Open a Perfume Store
Retailing of perfumes from different designers is yet another profitable retailing business venture that an entrepreneur can consider starting. This type of business is simple to start and it is also easy to manage. The major things you need to do to get the business running is to rent or lease a shop, and then stock up the shop with various designer perfumes.

Just like most retailing stores, location is key. If you are able to secure a good location perhaps in a busy market, you won’t struggle to make daily sales. As a matter of fact, if you can generate repeated sales from loyal customers; you will be able to meet their needs.

Retailing of Call Cards
Aside from people that subscribe to post – paid plans for their mobile phones / GSM, most people buy call cards. Depending on the country you reside, there are several telecommunications companies that you can deal in their call cards. Selling call cards is a simple, easy to establish retail business that does not require any skills. As a matter of fact, this type of business can thrive in any location as long as there are human traffics.

Open a Restaurant
A restaurant business can be classified into retailing business, because in the true sense of it, foods and drinks are retailed to customers. If you are interested in the food industry and you are looking for a retailing business to start, then opening a restaurant is one of your options. If your restaurant is well located, and you have tasty and assorted delicacies on your menu list, then you wouldn’t need struggle to make headway with the business.

Start a Food Truck Business
Food truck business is yet another retailing business in the food industry. Unlike brick and mortar restaurant, food trucks are considered to be mobile restaurants. It is a cool way of making money and the business concept makes it easier for the owner to go to places that he or she perceives he can generate sales.

Information Technology One–Stop–Shop
An IT one – stop – shop is one of the highly thriving retailing businesses that any IT inclined entrepreneur should consider starting. An IT one – stop – shop is place where people purchase their I.T. gadgets, download stuffs, buy computers and mobile phones, smartphones, accessories, repair their computers, mobile phones, cameras and other I.T. gadgets. The truth is that if your I.T. shop is really a one stop shop, then you will always smile to the bank because you are sure going to attract loads of clients per day especially if your shop is centrally located in a busy city.

Open a Seafood Mart
Another thriving and easy to establish business that an entrepreneur who is looking towards starting a retailing business is to open a seafood mart. Seafood such as prawns, crayfish, crabs, oysters, freshwater fish et al are highly marketable. The truth is that people who know the nutritional value of seafood will go any length to source for it. So, if want to start a simple and easy to manage retailing business, then you should consider opening a seafood store in your neighborhood.

Water Refill Station
If you live in a city where people find it difficult to access clean and portable water, then you should consider opening a water refill station. Water refill station is of course a retailing business; and it requires low running cost and it is indeed a profitable business.

Open a Pet Shop
People who own pets go to pet shops to purchase food and supplies for their pets. A standard pet shop is a place where everything about pets are sold; a place where stuffs like pet foods, pet creams and washing soaps, dog chains, pets bedding, clothing et al are sold. If you are looking towards starting a retail business, then you should consider opening a pet shop. Of course this type of business will thrive in places where people own pets.

តើវិក្កយបត្រក្រុមហ៊ុនមានចំនុចសំខាន់ត្រង់ណាខ្លះ?

អាជីវកម្មខ្នាតតូចភាគច្រើនធ្វើប្រហែសក្នុងការចេញវិក្កយបត្រ ពិសេសគឺវិក្កយបត្របង់ពន្ធ (Tax Invoice) ដោយសារគិតថាវាជាបញ្ហាតូចតាច។ តាមពិត ការចេញវិក្កយបត្របង់ពន្ធមានសារៈសំខាន់ណាស់សម្រាប់អាជីវកម្ម។ ការចេញវិក្កយបត្រខុសប្រក្រតី ឬខុសពីការណែនាំ ប្រកាស ឬច្បាប់ស្តីពីពន្ធដារ នឹងបណ្តាលឲ្យក្រុមហ៊ុនរបស់លោកអ្នកជួបបញ្ហានៅពេលក្រោយ ដែលអាចបណ្តាលឲ្យអាជីវកម្មទាំងមូលដួលរលំបាន។ វិក្កយបត្រមានចំនុចសំខាន់ៗមួយចំនួនដែលថ្នាក់ដឹកនាំក្រុមហ៊ុនត្រូវពិនិត្យឲ្យបានជាក់លាក់។

  • កាលបរិច្ឆេត៖ ត្រូវពិនិត្យឲ្យបានច្បាស់ថាវិក្កយបត្រមានកាលបរិច្ឆេត ដូចនឹងកាលបរិច្ឆេតដែលក្រុមហ៊ុនត្រូវប្រកាសពន្ធ។
  • លេខរៀងវិក្កយបត្រ៖ ត្រូវពិនិត្យមើលលេខស្វ៊ីតរបស់ក្រុមហ៊ុន ជៀសវាងការរំលងលេខរៀង។
  • អាសយដ្ឋានក្រុមហ៊ុន៖ ពន្ធដារនឹងពិនិត្យមើលចំនុចមួយនេះ។ ក្រុមហ៊ុនស្របច្បាប់មួយត្រូវមានអាសយដ្ឋានច្បាស់លាស់។
  • ហត្ថលេខា និងត្រា៖ ហត្ថលេខា ត្រូវចុះដោយដៃ មិនអាចព្រីនកូឡឺ ឬចេញជាហត្ថលេខាអេឡិចត្រូនិចបានទេ។ ត្រូវបោះត្រាពណ៌ខៀវ ដាច់ខាតមិនត្រូវបោះត្រាពណ៌ក្រហមដាច់ខាត។
  • ការគណនាចំនួនទឹកប្រាក់៖ ត្រូវមានភាពច្បាស់លាស់ក្នុងការគណនាចំនួនទឹកប្រាក់សរុប ប្រាក់ពន្ធត្រូវបង់ និង​ប្រាក់ផ្សេងៗទៀត ដើម្បីជៀសវាងបញ្ហានៅពេលមានការចុះសវនកម្មពីខាងក្រៅ (External Audit)។ បើបញ្ជូនឯកសារទាំងខុស ទៅពន្ធដារ ទោះដឹងឬមិនដឹងខ្លួនជាមុន នឹងបណ្តាលឲ្យមានបញ្ហាធំនៅពេលក្រោយ។

ចំណេះដឹងទាក់ទងនឹងការរៀបចំវិក្កយបត្រឲ្យបានត្រឹមត្រូវ មានសារៈសំខាន់ណាស់សម្រាប់ក្រុមហ៊ុន ដូចនេះ អាជីវករត្រូវស្វែងយល់បន្ថែមឲ្យបានច្បាស់អំពីបញ្ហាផ្សេងៗទាក់ទងនឹងវិក្កយបត្រ។ ក្រុមហ៊ុន CAMBIZIAN Consultant សូមស្វាគមន៍ចំពោះរាល់ការពិភាក្សាទាក់ទងនឹងបញ្ហាទាំងឡាយ ដែលលោកអ្នកបានជួបប្រទះក្នុងការធ្វើអាជីរកម្មរបស់លោកអ្នក។ សូមទំនាក់ទំនងមកកាន់យើងខ្ញុំ តាមរយៈអាសយដ្ឋាន លេខទូរស័ព្ទ និងអ៊ីមែល ដែលមានបង្ហាញនៅក្នុង មីនុយ Contact ក្នុងគេហទំព័រនេះ។ សូមអរគុណ!