Are you a permanent employee in a company and want to have more income? A side business is the solution. A side business is a free choice for employees and the company does not prohibit it, as long as it does not conflict with the rules or business of the company.
Constraints that are always the main reason why many employees do not start a side business are capital. Many of us think that without strong or large capital, the side business will not start. If you have a mediocre salary as an employee then a cash loan from the bank is a business capital expectation.
It is true, bank loans can be used as a reliable business capital. However, there are also other ways to start your side business without needing a loan. This method is through a small capital side business. Here are two ideas that you can follow for a small capital side business complete with an explanation.
1. Create a blog
Capital: Time and writing
This one side business can be said to require no capital at all. Starting blogging is the cheapest way for you to get additional pocket money. One disadvantage lies only in time.
To start a blog, you can use the blogspot.com free blog platform. Then you can start filling out the blog with the content or writing from you. This article can be an informative article or experience about your life that is useful for the reader. Thus visitors who find your blog will still visit your blog and be interested in the information you provide. When you have a new blog, you may experience difficulties in finding visitors. But you can start by promoting your blog to social media or your friends.
Over a period of time, after the number of visitors coming to your blog increases. You can advertise on your blog through Google Adsense. So every visitor who clicks on the ad, you can receive money. Or if your blog is very popular, then many other businesses want to be featured on your blog. Then you can charge a fee for the service.
2. Forex business
Capital: Depends on your ability
This business may require skills in reading the economic conditions of a country and the world. You need to analyze information about available economic news. Then speculate the impact of certain news or events on the currency of that country.
Forex business is not easy but you can get huge profits if you invest big money. So the capital will not be restricted in a certain amount, you are free to determine the capital you want. The greater the amount of capital you use for the forex business, the more profit you will get. Likewise the loss if the foreign currency condition does not move according to your expectations.
The way to profit from Forex is to buy foreign currency at the price you expect to increase. Then when the price of the foreign currency increases or strengthens compared to the Indonesian Rupiah then you can sell it. Although the business sounds risky because there is a possibility that the value of the foreign currency will not increase, but with reliable analysis you can minimize the risk.
Forex business is one of the most flexible businesses, you can use online banking to buy foreign currency. So you don't have to go to the money changer or bank branch at any time. And to monitor foreign currency movements you can use bank sites.