If you’ve just left college or find yourself looking for a new job, now could be the best time for you to start a new business.

How is this possible considering that the National Bureau of Economic Research officially announced that the US economy’s in a recession during June 2020?

The truth is that entrepreneurs are what help economies recover during difficult times, especially when they embark on initiatives that cost little to get started.

Do your bit to boost the economy and make some money in the process by considering one of these easy-to-start business ventures.

1. Online Tutoring

This year’s help us see just how important some of the people we take for granted really are. Healthcare workers, supermarket cashiers, and other essential workers are the heroes of the hour lately. Suddenly, teachers also have an all-star status.

As more parents discover the not so joyful aspects of homeschooling, tutors are in high demand. Especially since many folks are reluctant to send their kids back to school as the pandemic rages on.

If you achieved good grades in school or have recently completed a teaching degree, this means you already have all the tools you need to get started with a tutoring business.

All you need is a laptop, or a smartphone and an internet connection. People will pay good money to ensure their children get the schooling they need without having to leave home.

2. Photography

High-end photographic equipment’s expensive, but you don’t need all the latest innovations to get started with your photographic career. All you need is good photographic and editing skills, a digital camera, and an Instagram account to market yourself.

Many businesses who’ve neglected their online presence up until now find themselves in a quandary at this time of online shopping and relentless internet browsing.

They’ll need photographs to improve their digital game and increase sales, and you could be the one to provide these services.

3. Become an Affiliate Marketer

On the topic of online shopping, there’s nothing to stop you from getting on the bandwagon of online sales even without any inventory. Thanks to affiliate marketing you can make money from promoting other people’s goods and services.

All you need is a website, the ability to write persuasive copy, and a plan. Find out how to set up a strategic business plan before getting started by taking a course, consulting a business advisor, or looking up tips online.

4. Create and Sell Digital Products

Do you have special skills or experience? You might not think so but people will pay good money for tutorials on how to do common things.

You can create an e-book on how to do common things like master your golf swing, potty train a puppy, or grow a vegetable garden, and sell it online.

5. Go Freelance

If you once had a job, you have skills that people will pay good money for. Start a consulting business specializing in your area of expertise, or offer your services to companies on a freelance basis.

Most companies can’t afford to employ full-time employees anymore and many of their staff are working remotely anyway.

Explore More Business Ventures

Thanks to the online world, there are so many ways to make money nowadays that didn’t even exist a few years ago.

The world needs brave new startups and business ventures at this time, so take some time to consider your skills and how you can make a difference with what you already have.

Browse our blog for more interesting ideas and tips on business-related topics.