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45 Ways To Make Money Working At Home

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Work from Home

Whether you are a college student, a teenager, a stay-at-home mom, or a busy father, doing some extra work can help you earn more money. In fact, you may even make a full-time income from the comforts of your home. Luckily, there are more and more online jobs that you can enter quickly, and experts believe that this trend will continue well into the future.

So, if you are looking for a new career or a part-time job which lets you earn a profit from home, we have made a list of the 45 ways to make money working at home.

1. Take Part In Surveys

Taking online surveys

A lot of companies rely more on online surveys than interviewing one-by-one. This is a more affordable strategy that is less time consuming and simpler in profiling customers. With this in mind, more and more websites are offering cash and rewards just for answering product tests and service surveys. Many users have revealed that they receive approximately $200 per month along with some free products, gift vouchers, and prize drawings.

Remember, if a survey site asked you to pay a membership fee, these are probably scams. Do not trust them. Here are some of the legitimate websites you can visit:

2. Be An Airbnb Host

Listing Your Home on Airbnb

Do you have a vacation house that you rarely use? Or an extra room where you live? Why not maximize it and rent it out on Airbnb. According to statistics, you can pay up to 80 percent of your monthly rents just by listing these rooms or houses on the said website. You can even rent out a whole apartment where the rates are significantly higher. Believe it or not, the annual profits from doing so range from $15,000 to $30,000 for a two-bedroom apartment.

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3. Sell On Amazon

Amazon is the world’s largest online retailer. Because of its broad reach, there are a lot of people who buy and sell items on the platform. Professionals recommend that you sell stuff that you are most passionate about so that you can add some authenticity to it. For example, if you are more inclined to the world of fashion, then it’s better to promote items like clothes, makeup, and jewelry. This way, you’ll find satisfaction and enjoyment in this endeavor.

If you want to know the nitty-gritty of selling on Amazon, you may enroll in this FREE 7-day course by Jessica Larrew of The Selling Family.

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4. Search The Web

Make money with Google

Believe it or not, you can also earn money from a task that you do every day – searching the web. Qmee.com came up with an innovative idea by rewarding users when you surf in Yahoo, Google, or Bing. All you have to do is install an add-on to your browser, and you are good to go.

This organization sustains its operations through paid ads. So don’t be surprised when you see a few sponsored search results alongside the normal ones.

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So, how does it work? Each result has a corresponding cash reward. If you click on it, you will be able to collect your prize. If you feel like cashing out your earnings, you can do it anytime since there is no minimum amount to do so. Just make sure to wire it to the correct Paypal account.

Install Qmee Now

5. Watch Videos

YouTube videos

A lot of people watch videos in their free time. But, what if we tell that you can get paid for doing this as well? All you have to do is watch movie previews, celebrity videos, news, and other more.

There are websites that pay you to watch these offerings for a certain number of minutes, and like them rate them at the end. You may earn around $200 per month. You can earn even more if you want to spend your day doing this. Take note that some organizations give you a signing bonus of $5.

6. Be A Music Reviewer

Lady with a headset

Are you a fan of music? A website called Slicethepie is considered one of the largest paid music review sites in the world. It pays its users to listen to different kinds of music and write a detailed review about it. It does not work like a usual writer where you are given a base rate per word. Your earnings will depend on the quality of your review – the more constructive and more detailed it is, the higher the pay.

Remember, however, that the minimum cashout is $10. Once you have reviewed enough songs, your earnings will automatically be sent to your Paypal account.

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Create Your Music Review Now

7. Be An Online Tutor

Nowadays, becoming an online tutor does not require you to be with your students physically. All you need to have is a stable internet connection, a reliable laptop, a microphone, and a headset. These are the minimum requirements that online tutorial companies ask from their applicants.

Some websites help both high school and college students with subject and course-specific questions. Others even assist these students with their daily homework. Whatever your role will be, it will still require you with an excellent educational background and professional experience.

Overall, tutors earn around $15 to $25 per hour.

8. Review Apps And Websites

If you are a fan of apps and criticizing websites, then you can use this to earn extra cash. UserTesting.com is a platform that individuals use to review different types of sites. Each test and review will take approximately 20 minutes and you’ll earn an average of $10.

You probably won’t be required to review a site every day. Check your inbox once in a while to see if UserTesting.com has sent you a link to site or app for you to judge.

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9. Stay Healthy

A lot of sites out there provide opportunities for their users to stay healthy. AchieveMint, a health app, rewards you with points for doing good deeds such as tracking your food, walking, jogging, and taking health surveys. For every 10,000 points you earn, you will be able to convert this to $10. You may redeem this in exchange for cash or Amazon Gift Cards.

What’s unique about this program is that you can connect it to your current fitness apps such as RunKeeper, MyFitnessPal, Fitbit, and Healthkit. This approach enables you to integrate your activities from your original apps to AchieveMint.

Download AchieveMint Now

10. Be A Customer Service Representative

Online tutor to earn money as a teenager

Several companies outsource their customer-service operations to third-party companies. Their reason for this is to cut their operational costs since they won’t have to rent a space where these people can do their job. These agents are home-based workers that take calls and orders for the outsourcing company.

The typical rate of this job ranges around $9 to $11 per hour. Some companies give their customer service representatives the same benefits as their regular employees. However, other employers consider these people as independent contractors, so they don’t provide the said benefits.

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Some examples of companies which hire virtual call agents are as follows:

11. Write And Publish An ebook

There are a lot of writers who store their compositions on a notebook or laptop. However, you can take advantage of this skill by selling these through the Amazon Kindle Store. You can list your book for $1.50 to $8.00 and get 70 percent of the sale.

Remember, everything is going digital nowadays. A lot of people around the world already have the Kindle app on their devices, so your target market is enormous. At the same time, most customers trust the services of Amazon – you don’t have to worry about getting scammed by your publisher.

Here are some tips on how to make your eBook stand out:

  • Write non-fiction. Make sure that you write something that you are an expert in, bundle information that you have researched, and present it in an easy-to-read format.
  • Create a creative cover design that will entice your audience to buy it.
  • Ask for reviews from your buyers, so it shows up higher on the search results.

Visit The Amazon Kindle Store Now

12. Become A Freelance Writer

Freelance writer

With the rise of the digital age, more and more people are relying on transferring information through the online platform. Usually, these clients look for freelance writers that can sustain the content of their websites and blogs. When in this arena, you will get to experience to write and edit about anything under the sun – from psychology to business to technology. Your pay for each article ranges from $10 to $20 per 500-word piece.

Take note that your salary will also increase depending on your skill, experience, and tenure. So, make sure to compile all of your compositions so you can show it as proof to your potential employer.

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13. Become An Online Juror

Do you know that there is a thing such as an online juror? Several companies, such as eJury.com, look for online jurors to sit on mock juries virtually. Their role is to provide the jury consultants and attorneys their feedback and opinion on their plans on the cases they are currently handling. You can compare this with focus groups.

Remember, the cases are real. They just need to present their arguments to a mock jury so they can have an idea of how things might go when in court. You can earn around $5 to $60 per case. Just a little reminder: make sure to read the disclaimers and details on the contract. Be cautious since you are dealing with legal scenarios.

Be An Online Juror Now

14. Teach English

More and more individuals abroad are now seeking for an English tutor. One of them is VIPKID. VIPKID is an English tutor company which gives the privilege to work from home, work on your own schedule, and still make approximately $20 per hour. All you have to do is apply, study their modules, and have the patience to teach your non-English speaking clients.

Listed below are some of the requirements you need to fulfill before getting accepted in VIPKID:

  • Teaching experience is required
  • Must have an undergraduate degree
  • Stable internet and fast computer
  • Should be patient and fun

Apply in VIPKID now

15. Engage In Affiliate Marketing

If you have a website or a blog that already has high online traffic, then you can maximize this by engaging in affiliate marketing. Affiliate marketing refers to the promotion of all sorts of products, services, and companies online. Once your visitors click on your affiliate link and buys products or seeks their services, you will receive a commission.

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Make sure that you put your affiliate links on the right spots. For example, if your blog is about business, do not insert a promotion related to the skincare. This is a common problem that most bloggers face. Whenever they do so, the tendency is that their audience will only get annoyed with all of these links – especially if they’re unrelated. You will lose your authenticity, and they will see you as a monetizing blogger only. Believe it or not, you might lose their trust in this kind of system.

Visit this article to learn how to conduct affiliate marketing on Twitter.

16. Be A Virtual Assistant

Earn money as a virtual assistant

Work for someone from the comfort of your home. In the course of business nowadays, the assistants of business tycoons don’t need to be beside them physically to serve them. These services are now transforming into virtual assistants (VA). VAs cover everything – from making travel plans, checking emails, handling internet research, and submitting reports.

The boss and the virtual assistant should only make sure that they use the best collaboration tools out there. This will make their work seamless.

If you want to be a virtual assistant, you may visit Upwork or Zirtual now!

17. Be An Online Guide Or Expert

There are websites where people look for advice from people who are experts in specific fields or individuals passionate about some topics. For example, some will ask the technicalities of choosing a car, how to make a killer carrot cake, or where to bring your appliances for repair.

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At JustAnswer.com, the users pay for their questions to be answered by trusted professionals such as lawyers, doctors, and veterinarians. Take note, however, that you won’t receive the full payment as a guide. The company will only give you a percentage of the fee. Nevertheless, not bad for just sitting in front of your computer, right?

Be A Guide Now

18. Proofread Literary Works

Do you always cringe at writing errors? Or do you ever find yourself correcting grammar? If you want to put this practice into good use, then you can enter the proofreading world. All you have to do is search for online companies that upload work from other people, read it, and edit it as much as you can.

Remember, it’s not just the grammar that you should look into. You should also notice the cohesiveness of ideas and sentence composition to be able to submit the best output.

19. Recycle Mobile Phones

mobile phone

With more models coming out every year, it is not surprising that people change phones regularly. Believe it or not, you can earn good money from this. What you can do is to place several mobile baskets around your neighborhood where other people can drop their old mobile phones and some of their unused devices.

Some of the best mobile phone recycling companies you can sell your collection to are the following:

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20. Rate Pizzas

Pizza is a big thing wherever you go. Therefore, a lot of companies pay their users for rating local pizza shops. This way, it will be easier for their website visitors to know which pizza place to order.

As a rater, you have to give a score depending on the quality of their pizza, customer service, and delivery time. Once you reach a certain number of reviews, you will get a free pizza on your doorstep, alongside an extra $5 bonus.

Interested? Register now at Trendsource!

21. Guard Your Neighbor’s Deliveries

Do you consider your neighbors as a family already? Do they trust you enough that they will give you the green light to help them while they are at work? If your answer is yes to both questions, then you can consider signing up for eNeighbr.

The site gives you the power to accept and hold deliveries for your neighbors on times that they are not at home. This way, these shipments won’t get stolen. Every package is insured up to $300, and each eNeighbr account is verified, so they’re assured that these belongings are in safe hands.

Sign Up At eNeighbor Now!

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22. Be A Bookkeeper

passive income tax rates

It is a common misconception that becoming a bookkeeper requires an Accounting degree and experience. However, that’s not the case. Take note that a bookkeeper is entirely different from an accountant.

Accountants are in charge of preparing tax returns and auditing financial statements. Aside from these, they also assist individuals and businesses with the following:

  • Organizing financial records
  • Examining financial statements
  • Complying with state and federal laws
  • Evaluating financial records
  • Suggesting ways to cut down expenses

On the other hand, bookkeepers take charge of the daily financial health of the business. Their responsibilities include the following:

  • Paying bills
  • Collecting invoices and payments
  • Updating financial records
  • Checking the accuracy of records
  • Posting financial records in computer programs
  • Receiving accounts receivable

To keep it short, a bookkeeper is responsible for the money going and out of the company daily.

If you want to enter this endeavor, you may take this 3-part bookkeeping training for free.

23. Enter The Clickworker Business

Think of Clickworker.com as an ‘internet crowd-sourcing’ business. This website mainly advertises scalable tasks that need to be completed as soon as possible. For many people, making money through this online business is the easiest way to receive fast cash from their couch.

There are different tasks laid out in Clickworker. The most common activities, however, are web research, form filling, and data entry. What’s good about this is that the job is pretty flexible – you have the freedom to choose when or for which company you work for. For every task you complete, you will be rewarded and paid in cash via Paypal.

24. Sign Up As A Cooking Host

A lot of people prefer eating home-cooked food instead of fast food. However, there are still others who cannot cook delicious meals on their own. With this in mind, sites like MealSharing, Cookening, and EatWith came up with the idea of serving home-cooked meals through the help of a cooking host.

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As a cooking host, your role is to cook and serve meals inside your home for guests who booked for you. You have the option to cook what you want and how many people you can accommodate inside. Take note that no cash is exchanged physically since all the payment passes through the site. Your salary as a cooking host ranges from $50 to $100 per meal.

Be A Cooking Host Now

25. Become A Transcriptionist

transcription work

Transcription work is slowly growing nowadays, especially that we have to put a record for everything. The primary role of a transcriptionist is to convert the audio file into a text format. Depending on the industry they are giving their service to, they can be called legal, medical, or general transcriptionists.

26. Look For Gigs On Fiverr

Fiverr is one of the largest marketplaces when it comes to people selling small services called gigs. There are no limitations to what kinds of services you can post. You may offer the clients social media posting, writing, translating, teaching, creating music, becoming a voice-over actor, or even playing pranks!

The default price for each service is $5 – that’s where they got their name. If you feel, however, that what you did is not worth the said amount, you can attach extra services for your gigs.

You may also go to Redbubble to see your art and earn extra money. Check out this good article to know the ins and outs of this job.

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27. Resell Your Gigs

If you feel that your fees at Fiverr are not enough, then there is another way to profit more using the same site. At the same time, this approach requires less work. All you have to do is resell your gigs.

For example, you can look for jobs on sites like Upwork that requires the creation of a logo. Once you have fixed your business with your client, you can then go to Fiverr and seek the services of a logo designer. Here, you will be spending $5, which in return will still give you profit if you charge $50 in your reseller.

28. Work For Amazon

There are microtasks available from Amazon Mechanical Turk – a provider of services that require human interaction. A lot of people crave for this job because it has flexible hours, you can work from home, and you get paid by one of the largest retailers in the world. Some examples of the tasks that they require include the following:

  • Providing reviews on whether a website is suitable for a general audience
  • Correcting spellings in blogs
  • Find the item number of specific products
  • Translate paragraphs from one language to another

29. Sell Your Notes

Do you love taking notes in your classes? Believe it or not, you can get paid by uploading your notes in sites like Stuvia or Nexus Notes. Take note that you will be the one who will determine the price of your records, but the companies will take a cut from your profit for handling the marketing side of the operations. This way, you won’t have to get out of your way just to promote these services.

Remember also that you are allowed to submit handwritten notes. The risk with this, however, is that some customers do not pay for it as compared to when it is in PDF form.

Sell Your Notes Now

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30. Be An Online Travel Agent

Do you have a love for traveling or do you like organizing trips for other people? If so, then you can be an online travel agent. All you have to do is visit travel websites such as Expedia in your free time and check their latest offerings. You can look for customers who do not have the patience to scroll through these sites to view for cheap travel needs. This kind of service can be an alternative to travel agencies.

31. Sell Second-hand Course Books

Another great way to generate profit is to buy student textbooks at the end of the year, and sell them at the start of classes. There will most likely be high demand at this time since first-year students are still keen on studying. You have the option to advertise this on campus or through the Amazon Marketplace.

Sell Second-hand Books Now

32. Sell Lesson Plans

As mentioned above, there are sites for students who want to look for useful school notes. Surprisingly, there are also websites for teachers, especially new teachers, where they can avail of lesson plans for a price. You also have the option to sell some of the teaching resources you use in class. Teachers Pay Teachers is a website you can turn to if you want to pursue this job.

Sell Lesson Plans Now

33. Conduct Mystery Shopping

Being a mystery shopper is easy. Agencies hire mystery shoppers to visit different kinds of stores and restaurants to be able to give feedback on how they are performing. They do this so that these places will act naturally as compared to when they send employees to audit them.

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34. Maintain Fan Pages

Facebook likes

Do you know that it is hard to maintain fan pages? You have to continuously create and post content related to the fan page, and interact with the online visitors at the same time. In fact, being a coordinator takes a lot of time. With this in mind, more and more fan pages are now hiring their own employees to take over their social media activity. All they have to do is to give you a marketing plan, and you will be the one who will execute all of these plans online.

Click here to see how you can make money on Twitter through handling fan pages.

35. Rent House For Filming

Directors and producers for television and movies are always on the lookout for houses where they can film. Their usual routine involves scouting some places, including the outskirts, pooling them, creating a shortlist, and evaluating which will be the best fit for them. As an example, a scene from Coronation Street was filmed in the house of a student where one of the editors of Save the Student used to live.

At the same time, it is an indulging feeling seeing your place on your TV. This is an excellent exposure to other directors and producers, who may also be interested in renting out your house.

List Your House Now

36. At-home Daycare

If you are just at home with your kids, try building an at-home daycare. All you have to do is get customers (start with trusted friends) who will leave their kids at your house while they are away. Your primary goal is to set playdates, feed them, and generally take care of their needs while they are still in your care.

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Take note, however, that you will need a certification from your state before having the green light.

37. Sell Unused Clothes On eBay

clothes hanging in a rack

Whenever a person is getting rid of junk, they become best friends with eBay. Online auctions in these kinds of websites is an easy way to turn these unused clothing items into hard cash. Even if you feel that what you’re offering is out of the trend list, dare to still sell it. You don’t know what is running in the customer’s mind. Your outdated outfit might be the fashion style they want to portray in their everyday.

If you’re not a fan of the internet, you may opt to go for the traditional approach of selling your clothes in a garage sale.

Sell Clothes Now On eBay

38. Rent Your Clothesline

If you don’t want to sell your clothes to random strangers, there is another way to maximize owning these. What you can do is to rent out these clothes instead of permanently selling them. What most individuals do is that they create a renting Instagram profile, dedicated only to showcase the pieces that they are renting. In there, they will upload the pictures along with the prices for renting.

To help facilitate the work, you can also create a form wherein your customers are required to fill up if they want to avail of your services. This way, all of your transactions get stored in just one place only.

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39. Join Network Marketing

Network marketing has a negative connotation to it. In reality, however, there are companies that have a great and legal approach to Multi-Level Marketing (MLM). This model allows the agents to generate income in two different ways: by selling products and earning commissions from it and by recruiting other individuals who will sell the said products. The second way entails you to cash out your commission from the sales of your recruit.

Take note that this is not an illegal pyramid scheme since this process involves an end goal – convincing a customer to buy a product or service they offer.

40. Sell Antiques And Collectibles

Do you collect various random items when you were younger? Or do you have things that complement your last home, but does not fit your new one anymore? Whatever your reason is, there is a profit when selling your antiques and collectibles. Make sure that you appraise these to professionals since your customers might end up buying it at a lower price. Some examples of collectibles include trading cards, vinyl CDs, and coins.

41. Source Properties For Wealthy Investors

A lot of people know that there is money in property investments. However, because of the high capital that you should shoulder, a majority opted to stay away from this market. The truth is, there is still a significant chance of making a great deal of cash by just directly sourcing properties for wealthy investors who do not have the time to this themselves.

As a property sourcer, you should look for properties that are below market value (BMV). The easiest way to do this is to avoid real estate agents and give out flyers with your contact details to inform them that you are buying houses. Another approach you can take is to attend monthly networking events of property investors and landlords. Make sure to track these down, sign up, and introduce yourself in this world.

Do you want to have a glimpse of how real estate investing works? Check this article out.

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42. Share What Lies In Your Fridge

The goal of the Nielsen Consumer Panel is to know what lies in the refrigerators of the consumers. This way, they will be able to back up their consumer profiling data. All you have to do is to scan the barcodes of the products in your fridge and send it to them. There are also times that they will call you to ask for your opinion on specific products and to answer the survey questionnaire.

Once you have done all of this, you will receive points in the app. You have the option to convert these points into cash or redeem rewards instead.

Scan Your Barcodes Now

43. Return Printer Cartridges

What a lot of people do not know is that there is money in the junk. One of the most uncommon, yet effective, ways to earn money is by selling your empty printer cartridges to office supply stores such as Staples and Office Depot. Printer owners do not practice this since they’re not familiar that these cartridges are recyclable. Manufacturers use this as a container for their printer ink. Don’t worry since recycled cartridges do not negatively affect your printers.

44. Build A Baking Business

Having a bake sale to earn money as a teenager

Do you know that selling baked goodies can be a tremendous source of income? There is a significant demand for these treats all year long – from birthdays to parties to the kids’ show and tell. The list is endless. If you do not want to sit on the office desk for so long, you can try building your own baking business. You can run your catering business from your kitchen.

Some tips in running this:

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  1. Ensure that you will abide by the food safety laws of your state.
  2. Ask your friends for referrals. They might know people who do not have time to create homemade food, that they might ask for your services in their parties and other family events.
  3. Publicize your business online. Make sure to create an eye-catching name for your business to provide some recall to your customers. Do not forget to post publicity materials that will make their mouth water.

45. Sell Calligraphy Items

If you are the artsy type and you’re fond of calligraphy, then you should try maximizing this talent. You can do hand lettering to come up with wedding cards, invitations, stickers, and other stationery items. To gain profit, you have the option to sell them online, through a website or social media page, or you can set up a one-day event where you can feature your work. Etsy Calligraphy is one of the most popular marketplaces for calligraphy.

Sell Your Calligraphy Items Now

You may also check our article on how you can make money on the comforts of your home without paying anything.

Final Words

The limit of making money while at the comfort of your home is limitless. Technology has opened tons of opportunities that don’t require you to get stuck in the traffic while going to work. With just a few taps on your smartphone or a few clicks on your computer, you can connect to tons of employers that are looking for remote workers. You can also reach more potential customers thanks to social media.

Find a side hustle that you are most interested in and start earning money even in your pajamas.

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AFFILIATE MARKETING

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

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Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Opinions expressed by Entrepreneur contributors are their own.

Not every business can be franchised, nor should it. As the founder and operator of an exciting, new concept, it’s hard not to envision opening a unit on every corner and becoming the next franchise millionaire. It’s a common dream. At one time, numerous concepts were claiming to be the next “McDonald’s” of their industry.

And while franchising can be the right growth vehicle for someone with an established brand and proven concept that’s ripe for growth, there are other options available for business owners who want to expand their concept into prime locations before their competition does but who don’t want to go it alone for a number of reasons. For instance, they may not have the resources or cash reserves to finance a franchise program (it is important to note that while franchising a business does leverage the time and capital of others to open additional units, establishing a franchise system is certainly not a no-cost endeavor). Or they don’t want the responsibilities and relationship of being a franchisor and would rather concentrate on running their core business, not a franchise system.

Related: The Pros and Cons of Franchising Your Business

But when you have eager customers asking to open a branded location just like yours in their neighborhood, it’s hard to resist. You might think: What if I don’t jump on the deal, and I miss out on an opportunity that might not come around again?

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Licensing your intellectual property, such as your name, trademarks and trade dress, in exchange for a set fee or percentage of sales is one way to accomplish this without having to go the somewhat more laborious and legally controlled franchise route. Types of licensing agreements range from granting a license to allow another entity to manufacture or make your products to allowing someone to use your logo and name for their own business. Unlike in a franchise, your partner in a licensing situation will only be allowed certain predetermined rights to sell your products and services, not an all-in agreement to give them a turnkey business, accompanied by training and support, in exchange for set fees. A licensing agreement spells out each party’s rights, responsibilities, and what they can and cannot do under the terms of the agreement. Having a lawyer draw up the paperwork is vital, as well as consulting with a trusted business advisor who has helped others along this path and can shorten your learning curve while protecting your rights. License agreements are governed by contract law as opposed to franchise laws. However, care must be taken: To ensure that you’re staying in your lane and not crossing over into franchisor territory, you’ll want your advisers to detail what you can and can’t do as a licensor.

For instance, a license agreement excludes you from being involved in the day-to-day operations of the licensee’s business. While having no oversight may sound like a relief, it can be a double-edged sword, especially for people who are used to controlling all aspects of their products or services. You won’t have to provide licensees with ongoing services, such as marketing materials and continuous training, but it also means you have no control over how they run their business, their product mix or even how they decorate their space. If you’re a type-A, this may be hard for you.

Most people are more familiar with trademark licensing with a third party because these agreements are big in the sports and entertainment industries, where a celebrity lends their name to endorse a product, whether it’s branded athletic wear or trendy foodservice menu items such as pizza, chicken, or even gelato.

Using a celebrity’s cache garners media attention you might otherwise never get. But not everyone who comes up with a great concept or product has the recognition that would allow them to attract famous business partners or endorsements, and rabid fans that follow.

There are other methods of getting your products in front of more consumers. Some coffee concepts, including Caribou for example, have created market saturation by both franchising traditional stores and granting licenses for nontraditional locations, such as airports, big-box stores, and college campuses. Others, on the other hand, like Starbucks, employ a combination of company-owned stores and licensees in high-traffic locations where a small kiosk can service a high-density population of shoppers. And, of course, bags and pods of these brands’ coffee blends are also sold in retail locations such as grocery stores.

Related: Startups Must Protect Their Trademark. Here’s How and Why

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But again, here’s that cautionary note: If you go the licensing route for your products or services, be careful not to cross over into trying to direct the way that licensees do their business, from selecting locations to training employees.

While licensing or franchising may be valid business growth vehicles for many brands, additional business structures that can be considered include:

  1. Company-owned stores: Opening corporate locations using bank loans and/or the profits from already opened units.
  2. Dealerships or distributorships: In a distributor relationship, products are purchased from a manufacturer and then sold through local dealers.
  3. Agency relationships: These are similar to the relationships you’d have with dealers, but in this case, an agent or representative of your company sells your services to a third party. The important distinction to remember so that the relationship doesn’t cross over into franchise territory is that you, as the provider of the services, pay the agent (as an independent sales rep) rather than the agent collecting the money and paying you.
  4. Joint ventures: In this case, you, as the concept owner, would take on an operating partner who also invests his own funds in the business. The two of you would then share in the equity and profits at the percentage rate of your investment.

The appropriate method to grow your business depends on several factors, including your type of concept, service, or products; your risk aversion factor; your access to capital; where you’re located; and current market conditions. So, if you choose another option to franchising, be cognizant of not slipping into becoming a franchise. The Federal Trade Commission’s regulations define a franchise as meeting at least three standards: a shared name, fees and royalty payments paid to the company by the franchisee, and ongoing support and control of the day-to-day operations by the franchisor.

Keep in mind that if you start with one expansion method, you can consider changing that structure with legal and professional guidance should your business needs merit a shift in strategy. Case in point: some licensors will eventually convert licensees to franchises under a newly crafted agreement and program if they see the need to change the fee structure and maintain additional control over operations.

Slow growth can be detrimental to a business, but not picking the right vehicle for that growth can be worse than standing still. That’s why doing your homework — consulting with professionals, such as attorneys, accounting and franchising advisors, and talking to others in the same boat as you will save you from drifting too far from shore.

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How to Control the Way People Think About You

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How to Control the Way People Think About You

Opinions expressed by Entrepreneur contributors are their own.

In today’s digital age, where personal branding and public perception play a vital role in success, strategic PR efforts have become more important than ever. Ulyses Osuna, the founder of Influencer Press, joined our show to share valuable insights on the significance of PR, the evolving landscape, and the keys to achieving business growth while maintaining a fulfilling personal life.

One of the key takeaways from the conversation was the importance of strategic PR efforts in building a personal brand and shaping public perception. Ulyses emphasized that PR is not just about getting media coverage; it’s about controlling the narrative and shaping how others perceive you. By strategically positioning yourself and your brand through effective PR, you can influence public opinion and establish yourself as an authority in your field. Another crucial aspect discussed was the power of leveraging relationships and connections.

Ulyses highlighted the “Buglight Concept,” which involves utilizing the support and connections of others to achieve success. By building strong relationships and leveraging the networks of influential individuals, you can significantly expand your reach and influence. Ulyses’s own success with Influencer Press is a testament to the power of connections in the PR world. While professional success is undoubtedly important, Ulyses also stressed the significance of balancing personal time and fulfillment. In the pursuit of business growth, it’s easy to neglect personal well-being and relationships. However, Ulyses emphasized that true success lies in finding a balance between professional achievements and personal happiness.

By prioritizing personal time and fulfillment, entrepreneurs can sustain long-term growth and avoid burnout. In the ever-evolving landscape of PR, Ulyses highlighted the need for a clear mission when seeking press coverage. He emphasized the importance of aligning your brand with a cause or purpose that resonates with your target audience. By having a clear mission and purpose, you can attract media attention that aligns with your values and goals, ultimately enhancing your brand’s reputation and reach. Additionally, Ulyses discussed the importance of pricing services correctly and finding the right balance between personal involvement and business scalability.

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The conversation also touched upon the dynamics of client relationships and the impact of showcasing external support. Ulyses emphasized the value of building strong relationships with clients and going above and beyond to exceed their expectations. Furthermore, he highlighted the importance of showcasing external support, such as media coverage or endorsements, to establish credibility and attract new clients. Ulyses’s own podcast, The Blacklist, where he shares insights and interviews successful entrepreneurs, was also discussed. He explained that launching the podcast was a way to give back to the entrepreneurial community and share valuable knowledge.

By continuously learning from others and implementing breakthrough ideas, Ulyses emphasized the importance of immediate action and continuous improvement for business growth. In conclusion, strategic PR efforts are essential for building a strong personal brand and controlling the narrative in today’s digital age. By leveraging relationships, finding a balance between personal and professional life, and having a clear mission, entrepreneurs can shape public perception, expand their reach, and achieve long-term success. Ulyses Osuna’s insights serve as a valuable guide for those looking to navigate the ever-changing landscape of PR and personal branding.

About The Jeff Fenster Show

Serial entrepreneur Jeff Fenster embarks on an extraordinary journey every week, delving into the stories of exceptional individuals who have defied the norms and blazed their own trails to achieve extraordinary success.

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Set Your Team up for Success and Let Them Browse the Internet Faster

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Set Your Team up for Success and Let Them Browse the Internet Faster

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

According to TeamStage, 31 percent of employees waste about a half hour each day, and the top 10 percent of them can waste as much as three hours in a day. Part of that might be attitude, but the other part might be hangups caused by internet speed and advertisements. To nip that lost time in the bud, consider equipping yourself or your team with a tool to help stay on task.

From April 15 through 21, this five-year subscription to Control D Some Control Plan is on sale for just $34.97 (reg. $120). This is the best price for this deal online. This tool is designed to help users browse and use the internet faster while also blocking ads.

Control D is described as a “one-touch solution” for taking control over the productivity of your computer and internet usage. The deal supports use for up to ten devices, and it empowers each user to block advertisements, enjoy faster browsing, and set internet safety rules and restrictions for kids.

Control D’s bandwidth is substantial. It can accommodate up to 10,000 custom rules, block more than 300 servers, support multiple profiles, and unlimited usage. This robust and well-designed tool is a reliable option for any business leader who wants to liberate themselves or team members from distractions online.

Control D is rated a perfect 5/5 stars on Product Hunt.

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Remember that from April 15 through 21, this 5-year subscription to Control D Some Control Plan is on sale for just $34.97 (reg. $120)—the best price on the web.

StackSocial prices subject to change.

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