Loan against Fixed Deposit FAQ: Amount, Benefits, Tenure & more

When you need instant cash for medical emergency, unplanned travel for an emergency, house renovation, etc. then you have three choices:

  1. Use your own savings (highly recommended)
  2. Ask your friends or relatives
  3. Approach financial institutions for funding i.e. personal loan

Personal loan is most expensive financial service for a borrower and highly profitable for the lender due to high interest rate charged. But there is another type of loan which can be availed against fixed deposit (FD). This is nothing but a secured loan. And interestingly not many people are aware of such a money saving loan product.

Here are some frequently asked questions:

What is loan against FD?

Loan against fixed deposit is a secured loan. The borrower needs to keep his/her FD as a collateral with the lender.

Can I take loan against FD?

Anyone depositing the minimum amount as requested by the bank can avail loan in addition to other eligibility criteria. Most importantly, there is no income and credit score criteria.

Does taking overdraft against FD mean account break?

No. Instead of breaking your fixed deposit and liquidating the savings, you can take loan against it.

Can I get personal loan against existing account or do I need to open a new account?

You can get loan against existing FD account as well or open a new one.

How much loan can you get against FD?

Typically bank offers loan of 80%-85% of the deposited amount. However this percent varies for each bank and borrower needs to keep minimum amount. If your FD tenure is already over 2 years than the amount will be high.

What are the benefits of availing loan against FD?

The most important benefit is low interest rate which is 1%-2% higher than the interest earned on FD. And the interest is charged only on the utilized amount and tenure and not on the whole amount, which is the case with traditional loan. So if your bank is offering 8% on FD then the interest on loan will not be more than 10%. Other advantages are fast processing and disbursal, minimal documentation, flexible repayment options, no prepayment charges, etc.

Will the interest earned on FD stop?

No. This is what attracts small loan borrower as they continue to earn interest.

Can I extend the loan tenure beyond the FD tenure?

No. For e.g. if the FD tenure is 3 years then the loan tenure cannot be more than this.

I have joint FD account, can I take loan?

You can. But both the account holders will have to sign the documents by visiting the bank. But if the account is on a single name then you can apply online.

Should you break FD instead of taking a loan?

In case you want to terminate the fixed deposit account i.e. break, you should evaluate the premature withdrawal charges and interest rate on loan. If the loan required is for a short period of time, which you think can be repaid then go for overdraft. Moreover borrower continues to earn interest on the FD even after taking the loan. However if the loan amount is high and paying back seems difficult then go for premature withdrawal.

For any queries, please mention in the comment box and same shall be replied as early as possible.

Personal Loan FAQ: Income Rs.15,000 or Less, Easiest Way to Get Approved

The need of money can arise anytime. And when all the options of arranging the money fail, then the only solution is personal loan. However there are many doubts borrowers have and listed below are some of the most commonly asked questions and their answers related to personal loan.

Is personal loan unsecured?

Unsecured loan is just one of the type of personal loan, approved based on multiple factors with income being the most important criteria. The other type is secured personal loan offered against securities such as fixed deposit, gold, LIC policy, etc.

What is the biggest advantage of both secured loan and unsecured loan?

Secured loan is money saving since the interest rate is low. And unsecured loan does not require any collateral.

Why banks ask for income?

Income is asked in case of unsecured loan only. Since it involves lending money to unknown without asking for any security, bank asks for income to evaluate whether the borrower has repayment capacity or not.

How much loan amount can I borrow in case of unsecured and secured loan?

In case of unsecured loan, the amount depends on various factors such as income, credit score, age, professional status, city you live in, amongst others. However income plays a key role.

In case of secured loan, the amount depends on the value of the collateral. For e.g. in case of loan against fixed deposit, if the FD amount kept in the bank is Rs. 1,00,000 then the loan amount approved will be in the range of Rs. 80,000-Rs.85,000. That is, 80%-85% loan amount is granted in case of loan against FD.

What personal loans are easy to get approved for?

The easiest personal loan to get is secured loan. However these days, mobile wallet apps such as Mobikwik offers pre-approved loan with no collateral. However the loan amount is small in case of wallet apps.

Why personal loan is an unsecured loan?

This is incorrect, personal loan is not always unsecured. There is another type of loan known as secured loan wherein you deposit collateral (fixed deposit/ mutual fund/gold/shares, and few others) with the bank. It is basically similar to mortgaging.

Can I increase my personal loan amount?

Yes, this is possible. Incremental need of money can arise anytime. For e.g. if you have taken personal loan for medical expenses and due to certain reasons if the cost of the treatment further rises, you can apply for additional loan amount. However in order to get it approved, you should have made regular payment of EMI. Meaning, there are no defaults or delay in repayment in the past.

Which banks has minimum income criteria for personal loan?

Amongst the commercial banks – State Bank of India (SBI) offers Xpress Credit Loan requiring net annual income of Rs. 60,000 i.e. Rs. 5,000 per month. And amongst the co-operative banks, The West Bengal State Co-operative Bank Ltd. (WBSCB) requires net monthly income of just Rs. 2,000 to avail personal loan. Refer this official website link of WBSCB  for more details.

My salary is below Rs. 10,000 per month. What are the options available to get personal loan?

Listed in the below table are the minimum monthly/annual income required for personal loan by various financial institutions. Note that, there are many other banks that offer personal finance but income criteria could not be found.

Name of Bank and Personal Loan ProductMonthly Income Required (Rs.)Annual Income Required (Rs.)
State Bank of India (Xpress Credit)5,00060,000
Canara Bank (Consumer Loan)6,00072,000
The West Bengal State Co-operative Bank Ltd.2,00024,000
The Andaman and Nicobar State Co-operative Bank Ltd.5,00060,000
The National Co-operative Bank Ltd.5,00060,000
Abhyudaya Co-operative8,00096,000
Canara Bank (Canara Budget)10,0001,20,000
Canara Bank (Teachers Loan)10,0001,20,000
The Greater Bombay Co-operative Bank Ltd.10,0001,20,000
State Bank of India10,0001,20,000
HDFC Bank15,0001,80,000
ICICI Bank15,0001,80,000
Axis Bank15,0001,80,000
Fullertoan loan15,0001,80,000
Punjab National Bank15,0001,80,000
Dena Bank (Suvidha)15,0001,80,000

What happens when personal loan is not paid?

This is the biggest mistake you will make. Not paying-off the loan is an invitation to more debt and harassment by the recovery agents. So, if you think repayment won’t be possible, contact your bank beforehand and ask for a solution – defer or reschedule the EMI payments. Debt collectors are aggressive whose job is to recover money in any case.

What if the bank does not defer or reschedule the EMI payment?

In this case, try for balance transfer i.e. move loan account from existing bank to a new one. Your remaining principal loan amount will be transferred to the new bank. The interest rate would be possibly low and EMI amount will change. While transferring you can ask the new bank to extend the tenure. However make sure to calculate the total outflow of the money.

Personal Loan FAQ: Low Salary, Minimum Income Reqd., No Job, Salary Slip & more

Personal loan is the best solution for individuals needing money in case of emergency situations such as medical emergency or home renovation, travel, etc. However there are many queries, loan applicants face on various processes involved.

So listed below are queries and answers related to personal loan.

How to qualify for a personal loan?

There are many eligibility criteria depending on the type of personal loan taken i.e. secured or unsecured. In case of secured loan; the main qualification criteria is the type of security and it’s value. For e.g. in case of loan against fixed deposit, the criteria is the amount and tenure. In case of traditionally applied loan, income is the most important criteria. Note that, the final decision to approve loan is with the bank. And in addition to these criteria, there are many other factors taken into consideration depending on case to case basis such as age, employer, city, and others.

From where can I get personal loan in India?

There are various avenues to get personal finance in India as follows:

  • Banks – Commercial, co-operative & others
  • Peer to Peer Lenders
  • Private money lenders
  • Financial services providers
  • Digital payment app companies

Which is the fastest way to get loan?

Amongst all the above listed options, cash loan is the fastest way to get loan amount in your bank account is cash loan offered by P2PL and mobile payment apps such as MobiKwik and Paytm.

How to get personal loan with bad credit?

The best solution for individuals with bad/no credit score is loan against securities. In India, loan can be availed against securities by keeping following assets as collaterals with the lender:

  • Fixed Deposit
  • LIC Policy
  • Gold
  • Property
  • Mutual Funds
  • Equities
  • Car
  • National Savings Certificate
  • Kisan Vikas Patra

You can also get loan against credit card.

Can you get personal loan without job?

Yes. Secured loan is the solution for individuals with no job. Type of securities that can be kept are listed above. All you need is approach bank and provide details on the securities. But remember that, asset should be in the name of the primary applicant.

How to get a personal loan when the income is low?

There are many financial institutions offering loans to individuals with less income/salary. Here’s the table showing list of lenders and the minimum income required to avail loan:

Name of Bank and Personal Loan ProductMonthly Income RequiredAnnual Income Required
State Bank of India (Xpress Credit)5,00060,000
Canara Bank (Consumer Loan)6,00072,000
The West Bengal State Co-operative Bank Ltd.2,00024,000
The Andaman and Nicobar State Co-operative Bank Ltd.5,00060,000
The National Co-operative Bank Ltd.5,00060,000
Abhyudaya Co-operative8,00096,000
Canara Bank (Canara Budget)10,0001,20,000
Canara Bank (Teachers Loan)10,0001,20,000
The Greater Bombay Co-operative Bank Ltd.10,0001,20,000
State Bank of India10,0001,20,000
HDFC Bank15,0001,80,000
ICICI Bank15,0001,80,000
Axis Bank15,0001,80,000
Fullertoan loan15,0001,80,000
Punjab National Bank15,0001,80,000
Dena Bank (Suvidha)15,0001,80,000

How to get personal loan without bank statement?

Typically bank statement is not always asked by the banks, especially in case of secured loan. However, if the main purpose of the bank asking for bank statement is to verify income, then salaried professional can provide pay slip for the last 6 months and self-employed can produce IT returns for the last 3 years. In both these cases, ideally, producing bank statement should not be a problem because income (salary / business income) typically gets credited in the bank account only.

How can I get personal loan, as my employer gives salary in cash?

This problem is faced by many individuals in India. The best solution is to produce – bank statement, offer letter, official letter from employer, income tax return. However, if financial institution still rejects the loan application, then you can apply for loan against securities.

Check this link for more details on how to get loan when salary is in cash.

What are the best ways to save money on personal loan?

Since interest rate on personal loan is high, saving money should be the objective for everyone. The best solutions are:

  • When opting for a traditional loan, select a lender offering lowest interest rate, minimum or no charges, flexible tenure, no pre-closure penalty and other charges.
  • If you are a regular repayer, ask your bank to reduce the interest rate. Ideally less interest should be charged by the bank.
  • Other money saving option is to go for loan against security as mentioned above. The interest rate is low in case of secured loan.
  • Try to take minimum loan amount and make as much use of own money to meet the need.

Can I cancel loan after approval?

Yes, it can be cancelled. In case loan is just approved (and money is not disbursed), it can be cancelled after providing notice to the bank and paying the processing fees. However if no agreement is signed by the borrower, it can be cancelled directly over phone.

Can I cancel loan after loan amount disbursal?

No. Once the money is credited to your bank account, cancellation is not possible and rules of loan get applied. However if you still want to close it, prepayment charges will be levied or other charges such as high interest, if any. Remember since you are opting out too early, it is not a profitable deal for the bank. So they will try to recover as much money possible from the borrower.

There are endless queries related to personal loan. Should anyone have any queries, please mention the same in the comment section below. And same would be answered as early as possible.

Credit Card FAQ: Income, Types, Fake Documents, Score & more

Readers of this site have posted various queries via E-mail or comments section. Many of the queries were related to credit cards. Most of these queries have been clubbed, listed below, along with the answers.

Here we go…

General Questions

What are different types of credit cards available in India?

There are three types – secured (offered against security – fixed deposit) and unsecured (offered depending on income, credit score, employment, city, etc.). The third option to get card is a supplementary card offered to family member of the primary card holder with good credit score and repayment history.

Also, why is credit score taken into consideration?

Look at it this way. Would you ever lend money to your friend who, in the past, delayed the money owed to you. Won’t you instead lend money to someone who had made the repayment without any default? This is the same logic used by issuers to verify authentic applicants. They will gather all the historic credit (loan/credit card) repayment history, number of loans/cards applied/rejected/in-use. And based on that, credit score is calculated.

Secured card or unsecured card, which one should I choose?

If credit history is not good very few banks will approve the application. So for such individuals, cards against FD is the best option. However the limit on such cards depends on the FD amount kept with the bank and 85% of the amount is offered as the card limit. However if you need a high credit limit then unsecured card is the recommended solution.

Does having a card affects credit rating?

No. But having too many cards does affect the score.

How many cards I can own?

There is no definite answer. But remember that, having or applying for too many cards displays credit hungry behavior. So two cards are enough.

Income Related Queries

Why card issuers ask for income when applying for a unsecured card?

Income is the only proof to evaluate whether the applicant is credit worthy or not i.e. repayment capacity and decide on the credit limit. Higher the income, higher are the chances of approval and vice-versa.  repayment capacity or not. Poor salary naturally indicates, the repayment capacity would be poor. So the risk is high.

What does annual income mean on a credit card application?

Whenever any individual applies for a unsecured credit card, issuer will ask for the annual income. Annual income for salaried employee means net income received via salary after all the deductions.

Is there any other way to get card when the applicant does not having any income source?

Yes – there are two options. Apply for secured card i.e. against fixed deposit. Fixed deposit is the only security accepted by banks in India. Another solution to get card is add-on card.

Can I lie about income while applying for credit card?

NEVER do this. You will get caught since issuer will ask for document showing your income. It’ ok to not have card then having a one which was bought fraudulently.

Can you get a credit card with no job and bad credit?

Yes. Credit card against fixed deposit is the best solution for such individuals. You need to open FD account and deposit a minimum amount and get card against it. You can also get card against existing FD. Another option is supplementary card. This way you can start building credit history or repair existing bad score by making timely repayment, in full and without crossing the credit limit.

I have low income, can I get credit card?

There are many banks in India offering credit card to people with poor income. For e.g.

  • Visa Classic from Vijaya Bank requires annual income of Rs. 50,000 (i.e. monthly income of Rs. 4,167)
  • India card and Visa Gold credit card offered by Bank of India requires applicant to have minimum annual income of Rs. 75,000 (i.e. monthly income of Rs. 6,250)

Can I include parents income on credit card application?

No. Applicant can get card based on his/her income.

Self Employed & Credit Card

How can self employed get credit card in India?

Self-employed individuals can get card through 3 ways – against FD, traditional card, and add-on card.

Does being self employed affect credit score?

No. Factors affecting credit score are – repayment history, number of credit applications made, card usage, etc.

Documents

What are the various income related document proof requested by the issuer?

Documents vary depending on the profession of the applicant.

For salaried individuals:

  • Monthly pay slip for last 3 months
  • Bank statement for last 6 months
For self-employed individuals:
  • Income tax return for last 3 years
  • Form-16A

Note: Depending on the case, issuers may ask for other documents.

What if I provide fake documents and mention incorrect income?

Many times, when the income of applicant is low, he/she produces forged documents with inflated income or fake company address, etc. But this should NEVER be done. With evolving technologies and strict background check, it is now very easy for issuers to verify authenticity of the applicant. And, if caught, it can lead to legal case especially if you are a salaried professional. It is a criminal offence especially when you are a salaried employee since you are using official company document for personal benefit.

Producing fake document (salary slip, bank statement, etc.) may result in job loss and no experience or relieving letter will be provided due to termination of job. Also, future career prospects will be at risk. This is because if your employer files police complaint then getting a passport/renewing will become difficult, since police case is registered on your name. Also, future employer also verifies whether police records exist on the candidate’s name. So always remember, not having a credit card will not make you poor, but obtaining it through unethically will take you to the path of poor.

Quite often getting the queries answered related to credit card becomes difficult. And every individual has different set of queries related to it.

Should you have any queries related to credit card, mention it in the comment box below. And the same will be answered as early as possible.

The ONLY 3 Ways to Make Money Are….

What is Money?

It is simply a means for people to achieve certain ends and to lead a dignified life. Money is similar to energy. It keeps on coming and going. And the process continues.

Is it the best solution?

This is difficult to answer but there are hardly any other options to choose from.

But for all those who think that money is something very dirty, vulgar and ordinary, the recommendation is to open the mind.

Money, like almost everything, is neither good, nor bad, nor regular. It depends on how you get it and use it. But it is necessary. Whether you like it or not, everyone needs it. If someone thinks otherwise, perfect. Mention why in the comments section at the end of this article.

Most people consider that money is necessary to live and this thinking forces them to learn ways and solutions to earn…In short, one wants to learn how to make money, how to create different sources of income, generate profits or create constant cash flows, according to Robert Kiyosaki. But what for?

There are broadly two reasons – Either to lead the life they want OR at least, to stop worrying.

Having said all that, we can start with the following assumptions:

  1. How to generate sources of income is something that interests most people.
  2. They are interested because some of them are unemployed. Or, if this is not the case, they may not get enough income (in many countries, working no longer brings you out of poverty).
  3. To create sources of income, to make money, you need ideas, solutions and something very important, without which everything fails: a strategy.

And this article proposes a strategy, a way, so that you can finally stop worrying.

Here we go.

1. Make money offering own products or services

This is the first step you can take if you are a creative person. If you are not, move on to the next point. But it’s worth reading, as you never know, it might open your mind, as mentioned above.

How to make money. Creativity.

To create your own products or services (in short, to create whatever you want) you can take into account these little tips:

  1. Examine what you’re good at, what are your skills or talents. It will be easier for you to do what you know than what you have to start learning.
  2. Inclination for the fields, sectors or activities that you like. This will constantly motivate you to do better and keep you away from things you don’t like.
  3. If there are things you don’t know how to do (which there will be, for sure). Either you give it up or cooperate with people who know how to do it.
  4. Don’t lose sight of the fact that there is always a natural flow of things that pushes you and puts what you need in the life’s journey. When you tell life that you’re willing, that you’re there, that you want to do things, you’ll get answers! Just open your eyes and stay awake. Sleeping is a rather nocturnal activity.
  5. Be aware of something very simple – some activities work in automatic or semi-automatic mode and others do not. If you want time and freedom, you already know where to choose. As a general rule, if you start a certain service you will have to be physically present to provide it. If you create one or more products it is more likely that you can automate the process.
  6. When you talk about customers, don’t limit yourself to who passes in front of you. The world is very big and has enough people to sell to…!
  7. Try to have fun, have a good time, discover things, meet people, learn what interests you. Remember this is not a job. It’s a game, a fun, a challenge…Don’t be boring, don’t panic or panic because everything is a pleasant adventure.

Read tips on determining what business to start.

In short, creating your own products or services is the first answer to how to make money and generate sources of income. But if you nevertheless feel that the creative vein is not your thing and you are not for inventions, then no problem, don’t worry, move on to the next point.

Read: 9 Steps to start a business with little investment

2. Make money promoting other people’s products

If you don’t want to create anything of your own, offering the products or services of others is also a fantastic solution to earn income. But with passion and hard work.

You can do it either physically, in person, as you have done all your life, or online, through Internet business. It’s called affiliate marketing, And in either case, it’s a way of doing business with which you can of course achieve success.

Advantages? You don’t risk thinking about whether the product will work or not, because it is already doing so. So you’re on the safe side.

Disadvantages? The profits per unit are lower than if you sold one of your products. But don’t be fooled, there is actually a trick – what do you prefer to sell? 10 units for $5 or 100 units for $1? Do the math. But take the word – if you decide to jump to affiliate marketing for making money then the internet offers abundant legit products to sell.

3. Make money by investing money

And at the end, once you start earning income, the next step is to put the money to work for you. Make it grow, make it generate more money.

So here’s how to grow money when you have enough money:

  1. Invest in other people’s companies: If you have money and don’t want to start something on your own then, you can invest in other people’s companies.
  2. Crowdfunding: What is it? Collective participation, along with others, in third party projects.
  3. Loans to others: The money you earn, in turn, you can lend to others in exchange for a certain interest. It’s nothing but private individual working as a bank. This is nothing but crowd lending.
  4. Other possibilities: There are other options, as well, needing a little training, such as investing in the stock market, generating dividends in stock markets, debt instruments, etc.

Do not forget, in any case, that money can be invested when you have too much and have no debts or risk of falling into any type of insolvency.

In short, and to sum up the 3 ways to make money are:

  1. Becoming creator i.e. produce your own products/service
  2. Sell products/service made by others
  3. Invest money to grow money

Do you think there are enough ways to make money and create sources of income? Then mention that in the comment box.

Lack of Money Causes Anxiety and Easy Ways to Fix It

Whether you agree or not: lack of money is one of the causes of anxiety. And this article explains WHY.

How many times financial issues keep you worried and change the mood?

Many times it even becomes a cause for discussion with your loved ones. This is the reason to tell you what anxiety is, and how lack of money influences it.

Let’s begin with…

Understanding Anxiety

It is true that anxiety displays external symptoms, such as…

  • Tightness in chest
  • Sweating
  • Palpitations
  • Dizziness
  • Headache; etc.

But it is mainly, a problem originating from our thinking. It is not a medical illness.

Therefore, we could say that anxiety is a distortion of our thinking that takes us to a mental place making an individual feel helpless, small and insecure.

Is anxiety and stress the same?

It’s the same thing with different effects. Anyone who suffers sustained stress can develop anxiety.

Here are some more details to know, if you suffer from stress:

Stress Symptoms

Stress symptoms varies from person to person and circumstance.

There are many physical illnesses caused by stress, but stress shows symptoms such as…

  • Tiredness
  • Bad mood
  • Apathy
  • Lack of appetite, etc.

Maybe now you’re thinking that everyone you meet is under stress.

Well… the truth is a widespread plague. Because stress results from our habits, customs, attitudes and decisions. And often, technology and society reinforce it.

So are you suffering from anxiety symptoms?

Beyond the common anxiety attacks, there are also internal symptoms warning us that something is wrong.

For example when…

  • You feel a tightness in your chest
  • You feel like eating too much, or eating when you’re really not hungry
  • You have irrational fears. You worry about things that you know most people wouldn’t worry about, or at least not with the same intensity
  • You begin to avoid uncomfortable situations. You try to nullify and park what makes you feel insecure; etc.

These are the symptoms and the main differences between stress and anxiety.

Okay, so what does all this have to do with money?

Lack of Money Influences Your Mind

When there is a lack of money at home, the situation of insecurity, and sometimes impotence, is not only psychological, but there is real insecurity. There is the possibility that you may not be able to eat or may be left without a home.

Sometimes it won’t be so extreme. Basically lack of money results in personal insecurity because we are talking about an unsatisfied primary need.

And when you begin to doubt yourself, even others, the ground begins to tremble… The base is not firm.

How to eliminate the causes of anxiety?

There are many ways and resources to manage anxiety. However, the easiest and most effective path that has helped many are:

Environmental Preparedness

If there is something external, that is currently creating a discomfort in your life, the first thing is to eliminate it.

So the first step is to identify the main sources of stress. They can be people or situations.

Write them down on a sheet of paper.

Do you have it? Then let’s move on to working on your mentality.

From lack of money to abundance

Lack of money is a situation. But abundance is a state of consciousness.

And it’s not just about money. It has to do with…

  • Feeling worthy to live in better situations than you have lived to this day
  • To allow you to try new things and opportunities (it is also a question of self-esteem)
  • Value all the facilities you have had in some aspects of your life. Be able to identify and thank for everything that has gone well
  • Be thankful to all the people who are and have been a part of your life; etc.

If you think you are a victim, you are unable to think that you have everything you want and need.

Therefore, to cure anxiety, and your economic situation, which will surely be closely related to your mind, you have to start there, by healing your thoughts. 

Here’s how….

Mental Preparation

Let’s see what you can start doing to heal your mind and, consequently, your finances.

Cleaning

Feng Shui and Buddhism say you have to make room for new things to come in.

They are still booming after thousands of years. So why not pay implement them?

So start with an external cleaning:

  • Clean the home
  • Car
  • Relationships that are no longer productive
  • Situations that don’t bring you anything (maybe watching TV)
  • Tasks that are not focused on your well-being; etc.

Literally leave empty spaces in your house, car, and above all, in your diary. And that’s because if you’re not currently doing very well on money, it’s because what you’ve been doing so far is not effective, and you have to start doing different things.

Meditate

It is essential to educate your mind to not let yourself be carried away by worries. And on the other hand, to put all your attention where you really want.

In addition, living more relaxed will allow you to feel and see more clearly, and therefore make better decisions.

Create

Sit down and think about things, alternatives, resources and people that would help improve in your current situation.

You need to redesign your experience and finance. So it’s time to think, maybe, about things you already know how to do, or that are closer to you than you thought, that you could use now.

Write them down on paper!

Organize

Well, so far you have…

  • Identified the stress causing factors in your life
  • Left a place in your life for new things to enter (taking out everything old or useless)
  • Learned, or learning to relax through meditation
  • And created several options and alternatives that you can develop in the coming days to improve personal and financial situation.

Now you only have two more steps left: Organize and Execute!

So give yourself a couple of hours to answer all these questions. And then, open your notepad to materialize these good ideas that are going to turn your life around.

Take control of your personal finance and eliminate the symptoms of stress and anxiety.

It is must to think, organize and act differently. If not, nothing will change.

So come up with your best ideas with this reflection. You have already seen that in two hours of your life, you can change several years of sorrow and anguish.

Write down when you are going to start doing each thing:

  • How are you going to delimit the stressful factors?
  • When are you going to start meditating
  • To implement each new idea to re-establish your economy
  • To clean the house; etc.

You now have valuable information but will work only with your execution.

So beat that anxiety and achieve financial success.

Cisco CCNA Routing and Switching & Security Certifications for Establishing a Career in Networking

With hundreds and thousands of people entering the IT industry, it has become tougher than ever to establish a rewarding career in this line of work. Aggressive competition and constant technological advancements make it extremely difficult for anyone who wishes to build a career in IT. That is the reason why more and more IT professionals try for different IT certifications in their respective field to be able to beat the competition and jump-start their career. And, the good news is that there are numerous IT certifications available, however, not all are recognized as well as Cisco certifications, especially CCNA Routing and Switching certification and CCNA Security 210-260.

https://en.wikipedia.org/wiki/CCNA
https://www.prepaway.com/ccna-routing-and-switching-certification-exams.html
https://www.cisco.com/c/en/us/training-events/training-certifications/certifications/associate/ccna-routing-switching.html

This certification is best-suited for network engineers who want to establish a career in IT (Information Technology). It lets you take a deep dive into routing and switching and evaluates your core networking skills. In order to attain this certification, candidates can pick any of the 2 exams, the 200-125 CCNA or 100-105 ICND1 and 200-105 ICN2. Clearing either of these 2 exams will help you receive the valuable certification. Here we have listed the reasons why this certification is the industry standards for building a career in this industry.

https://www.prepaway.com/200-125-exam.html
https://www.cisco.com/c/en/us/training-events/training-certifications/exams/current-list/200-125-ccna.html

Validates Professional Networking Skills

The CCNA Routing and Switching certification is not easy to earn. A lot of people try its exam but fail to pass even after numerous attempts. The reason being that this exam tests the foundation networking knowledge and skill set of a person by asking both theoretical and practical questions. That’s right. The multiple-choice questions in the exam test a person’s knowledge about the basics while the simulation questions are designed to evaluate the ability of a person to handle devices in the real life. By clearing this exam, a person successfully validates his or her networking skills.

Being certified with Cisco CCNA Routing and Switching certification proves that an individual possesses core networking skills that are required to handle real-life scenarios that involve devices. Not just basic configuration and troubleshooting but performing various other tasks and being aware of LAN/WAN and many other technologies. Having this certification attached to the profile proves that the person can confidently and successfully handle networking problems.

Adds Weight to the Profile

The Cisco CCNA Routing and Switching certification is a well-known IT certification that is recognized and valued in the industry. This certification demonstrates the individual’s core networking skills and proves that he or she possesses foundation networking knowledge. Cisco Certified network engineers stand out from the rest because clearing the certification exam is not something that everyone can do. Only the ones with a strong grasp of the foundation networking knowledge earn this certification.

That is why having this certification can add value and weight to your profile. It can give your career a great start and help you secure a job in a prominent IT company. In the competitive field of IT, having this Cisco certification can prove to be extremely advantageous for any individual who wants to establish a career in this industry. That is the reason why the CCNA Routing and Switching certification is often cited as an industry standard for building a career in IT. So, go ahead and get this certification to get ahead of the curve and push your career forward.

PrepAway: https://www.prepaway.com/

Career Enhancement

The one thing that earning this CCNA 200-125 or 210-260 certification does to an individual’s career is to help it advance further. Having this certification can prove to be highly rewarding for network professionals. This certification is recognized all over the world and possessing it can prove to be highly beneficial for your career. This associate-level certification is ideal for network engineers and other professionals who want to master the networking skills and get an opportunity to move ahead in their line of work.

This certification can add another feather to your cap and accelerate your professional career. As possessing a CCNA Routing and Switching certification can serve as a strong foundation for advancement and prove that you are equipped with the required knowledge base and networking skill set. The next step for you can be CCNA Security 210-260 exam to expand your knowledge.

https://www.prepaway.com/210-260-exam.html
https://www.cisco.com/c/en/us/training-events/training-certifications/exams/current-list/iins-210-260.html

Improves Salary Package

Companies in the IT industry look for highly skilled individuals who are updated with the latest advancements and can demonstrate the skills required to perform a plethora of tasks. Most companies prefer to select candidates who can prove that they possess the required knowledge and skill set essential for their respective line of work. The same goes for network engineers and other professionals. While a college degree is something that everyone possesses, the ones who are certified with valuable certifications such as CCNA are most often given a higher preference.

Globally recognized certifications such as Cisco CCNA Routing and Switching certification are in demand in the IT industry. Whether it is about hiring a new employee or promoting an existing one, companies put more weight on networking professionals who are Cisco certified. That is why Cisco certified networking professionals are known to receive relatively higher salary package than others. From improving the salary package to increase the current salary of an individual, the CCNA certification not only provides a jump start to the career but also ensures better rewards in terms of money.

Professionals Become Eligible for Higher Level Certification

CCNA stands for Cisco Certified Network Associate and getting certified with this certification opens the door of opportunities for any networking professional who wants to build a career in IT industry. In order to keep moving forward in this line of work, it is imperative to learn new skills and expand the knowledge base. And, that is where the higher-level certification comes into the picture.

An individual who has earned Cisco CCNA Routing and Switching certification becomes eligible for higher-level certifications such as CCNP and other expert-level IT certifications. To be able to accelerate the career, one should seriously consider getting certified with these extremely valuable certifications. And, CCNA Routing and Switching certification can act as an ideal stepping stone because it lets you prove that you possess core networking skills and also that you are eligible and qualified for higher-level certifications.

Conclusion

Become a Cisco certified network professional to meet key performance targets and prove to be a valuable employee for the company you work for. This certification stays valid for a good 3 years. After that, you can either get recertified or try for higher-level certifications. But in order to build a career, it is best to start with the Cisco CCNA Routing and Switching certification.

18 Ways Successful People Think Differently

Many a times, we think that of going through the worst of times or we get the idea that we can never get what we want. This is just what makes you unable to be successful. So it’s best to change your mentality a little bit. And that’s how successful people think differently.

Successful people see the world differently than others. They’re neither perfect nor have an easier version of life. But they always seem to move forward.

It doesn’t matter what obstacles they face, what problems get in their way, how much the skeptics doubt them, or how strongly the critics mock them. They always find a way to win.

They believe in some very important principles that make them a winner in their battle for success. For them, these beliefs are not just motivational quotes that they once read in a book.

Failure is the word we least want to hear when we embark on a new adventure. Although history has shown us that failure has been a part of us from the beginning. A child falls many, many times before he can walk on his own.

Most people believe that failure is the worst thing that can happen to them. That it is something that should be avoided, but without it, we would not know how to overcome our limits and build a new world full of ideas and creativity.

You can see failure as a setback, but why see it as an opportunity to improve? You may fail many times, but that doesn’t mean you’re far from success. Failure causes you to know different ways to fail so that you can recover and try again.

Most successful people have failed again and again before reaching to the pinnacle of success. Thomas Edison failing more than 10,000 times before inventing the bulb is the best lesson for everyone. There’s one thing all successful people have in common: they don’t give up. No matter how difficult the path to achieving their dream is, they keep trying.

A successful person’s belief system influences every part of their existence. For them, failure is a stimulus, rather than an obstacle.

Read on the beliefs and profile of successful people.

18 things that successful people firmly believe

  1. Nothing is impossible if you are willing to devote enough time and effort.
  2. Giving too many excuses sets you apart from your goals.
  3. The most honest advice you will receive comes from people who love you less.
  4. The person with the most desire to win something is the one who ends up getting it.
  5. Giving all of yourself is exactly what is needed to reach any goal.
  6. Being surrounded by negative people is the best way to keep losing.
  7. Worry, fear, action, and gratitude are choices you make yourself.
  8. If you are not willing to master the small details, you will not win.
  9. Apathy is the enemy of achieving great things.
  10. The fact that it didn’t work the last time you tried is not a good reason to stop trying.
  11. No matter how bad your situation is, you can do it if you want to.
  12. No one decides anything for you. Each decision is completely yours.
  13. Today you have that second opportunity you have been asking for. Take advantage of it!
  14. The speed of your progress is directly related to the intensity of your effort.
  15. You will not improve if you are not willing to listen and learn.
  16. What you do when no one is watching determines your course.
  17. Just because you are strong, the criticisms are not necessarily correct.
  18. Any quick, easy or guaranteed solution probably won’t work in the long run.

Profile of successful people

Successful people believe with all their soul that nothing, absolutely nothing, is impossible.

They may not know “how” they are going to do it, but they firmly believe they will solve it along the way. They know that effort is the great catalyst for achieving dreams. If at any time they don’t know what to do, they will learn it. They trust their abilities 100%.

The things you believe in can change your life. That’s why it’s time to stop and think about what really drives you. What do you believe in?

Do you think life is unfair? Do you think things are more difficult for you than for others? Are you waiting for a lucky break? Do you always look for someone else to blame?

Successful people have it all. They own their actions, have the necessary attitude and decide what to grow up in.

They don’t set limits, they believe in possibilities. What about you?

The virtue of stubbornness

For most of us, stubbornness is a flaw. However, it is a characteristic that successful people tend to have.

If they have an idea or are convinced of something, they will carry it out against all odds. It is at this point that stubbornness becomes a virtue. Many of us would believe that our idea is bad if most people tell us so. Others would stop trying something at the second or third failure. They do not. On the contrary, they work tirelessly.

Many of the most successful people in history, like Bill Gates or Jeff Bezos, went through numerous unfavorable situations. And although most of them affected them at some point, they had the character to get up and get over it.

So do you have any ideas or plans that you would like to carry out? Go for it! Make stubbornness a virtue.

But can people change their mentality?

You are as intelligent and hardworking as you are and you can’t practically change characteristics intrinsic to your personality. This is a fixed mental structure.

Others think differently. Those who have a different perspective (a dynamic mental structure) believe that with a lot of efforts and perseverance they can expand their – intellect, improve ability, strengthen character and overcome obstacles.

They see the key to success not as an inherent talent, but as something that is achieved through hard work.

In case you haven’t noticed, successful people generally have a dynamic mental structure. That’s what this is all about. These types of people focus on developing and training their mental structure to solve problems constantly. While the unsuccessful often excuse their lack of intellect or skills to avoid challenges.

Therefore, yes we can change, yes we can train our mind and work until we reach the level we need to face any challenge. It is a matter of believing it and putting aside excuses.

The influence of the environment

Although you need a strong and disciplined mind to achieve success, but it is not everything. We are social beings, we develop in different environments and we cannot change that. So basically, environment plays an important role in our journey towards success.

Surrounding yourself with a positive and friendly environment will be beneficial in achieving success. You don’t need to be told how crazy your idea is or how many failures you’ve had so far.

This kind of attitude will make things difficult for you. The opposite happens if you surround yourself with people willing to help you, to give shape to the ideas, willing to collaborate in the recognition of your failures and to understand how to overcome them. In general, people who can motivate rather than discourage you.

This brings us to a very important concept in this world: Humility.

Most people tend to believe that when they start getting success there is no need listen to other’s opinions or consider certain threats. After all, we are on our way to success, we feel strong and unbeatable.

But this philosophy does not help: Knowing how to listen to the right people can be very useful. Remember that a third party can see the situation more calmly and objectively. You must be stubborn to overcome obstacles, but humble to learn from them. It’s about finding the right balance.

Take a risk and love what you do

If there is one thing that successful people have in common throughout history, it is that they are not afraid to take risks when it comes to carrying out their ideas. Galileo was not afraid to experiment despite adverse conditions nor did Bill Gates care that a garage was his first computer lab.

So get out of your comfort zone! You’ll hardly succeed if you stay where you feel comfortable. It doesn’t matter if the idea seems crazy to you. You should go and get it!

On the other hand, consider that when you get that great idea, it will be what you do for the rest of your life, so it better be something you enjoy doing.

If you choose something just because you think it can make you good money but don’t enjoy doing it, you’ll end up frustrated and bored. So focus on what you love to do and find a way to achieve success through it.

That’s how they think

When we think of success and successful people, names like Mark Zuckerberg, Oprah Winfrey or Steve Jobs come to mind. Here are 18 famous quotes from successful people:

  1. Failure is another step towards success. – Oprah Winfrey
  2. Success is mostly achieved by those who know that failure is inevitable. – Coco Channel
  3. Learn from yesterday, live today, wait for tomorrow. The important thing is that you don’t stop asking yourself questions. – Albert Einstein
  4. Success is going from failure to failure without losing enthusiasm. – Winston Churchill
  5. I haven’t failed. I’ve found 10,000 ways it doesn’t work. – Thomas Edison
  6. The whole secret of success lies in finding what you’re destined for and doing it. – Henry Ford
  7. If you are not stubborn, you will give up your attempts very soon. And if you’re not reflective, you’ll hit your head against a wall and you won’t see a different solution to the problem you’re trying to solve. – Jeff Bezos
  8. I think all humans have a finite number of heartbeats. I don’t intend to waste any of my own. – Neil Armstrong
  9. What seem to us to be bitter proofs are often blessings in disguise. – Oscar Wilde
  10. You must expect great things from yourself before you can do them. – Michael Jordan
  11. I’ve realized that the harder I work, the luckier I seem to have. – Thormas Jefferson
  12. The biggest risk is not taking risk. In a world that changes really fast, the only strategy with a guarantee of failure is not to take risk. – Mark Zuckerberg
  13. Your job is what you will do most of your life and the only way to be completely satisfied is to do what you consider a good job. And the only way to do a good job is to love what you do. If you still can’t find it, keep looking. Don’t give up. As with all things in the heart, you’ll know when you find it. – Steve Jobs
  14. Everything you can imagine is real. – Pablo Picasso
  15. Success is not about not making mistakes, but about never making the same mistake twice. – George Bernard Shaw
  16. I think the ability to focus is a thread that runs through what we call successful people. And that’s something that can develop. You can learn it for yourself. Fred. L Turner
  17. It’s a funny thing in life. Once you start taking note of those things you’re grateful for, you start playing down those things you don’t have. – Germany Kent
  18. Opportunity doesn’t make appointments, you have to be ready when it comes. – Tim Fargo

Hope these tips are useful and will help you in taking necessary steps to achieve success.

Good luck!

30 Home Based Business Ideas with Little Investment

Working from home can be really fun. And today number of options are available for running business from home and that too with little investment.

Through entrepreneurship, you can devote time and effort based on your liking. And at the same time you become your own boss and take greater control of life.

In most of the home-based businesses listed below, you won’t need huge initial investment. Knowledge, talent, hard work and smartness are the main ingredients for success for running a successful home based business.

Few of the businesses requires buying some basic materials costing less than $100. And others can be started using resources already at home. And you don’t have to invest a large amount of money to start them.

So are you ready to start generating income from home with little investment?

Let’s get started.

1. Flower Arrangement

This business requires good taste and sense of decoration.

With these qualities, you can start business of creating floral arrangements for different types of occasions: bridal bouquets, centerpieces, decorations for weddings, communions, parties, gifts on special dates …

For further expanding the business, go to the florists / ceremony hall / business venues / convention centers, and talk to their owners/arrangers to offer services.

2. Private Tutoring

Being a private teacher is a profession that is gaining a lot of demand. Because of hectic work schedule, very few people can devote time to visit training centers. So they prefer taking classes from the comfort of their homes.

All that is required is expertise in one or more subjects. You can then start giving private classes online or visit clients’ home and become private trainer.

Don’t just think that training can be given on typical subjects such as Mathematics, Algebra, English, etc. There is a demand for specialized skills such sewing, salsa, computer science, makeup, cooking, or writing…..

The options are endless, if you are skilled.

3. Website and blog design

This is perhaps one of the easiest and fastest home-based businesses to start. With knowledge of creating web designs and web based programming languages, you can start business and work for clients based in any country.

You can create templates or images for blogs, and sell them on your own website or on sites like ThemeForest. Or also offer services to create and maintain the websites of clients such as companies or entrepreneurs.

Simple, isn’t it?

However you need to be technically strong and ready to work in different time zones especially when the client is located in a different country.

4. Personal Trainer

Another booming business requiring a small investment is personal trainer. But note that – you need to have a degree in fitness/exercise and experience to prove yourself to be an expert.

You can offer services through the Internet – giving classes via webcam – or go directly to your clients’ home for proving training.

It is important to promote the business by creating Facebook page, an Instagram profile, and a blog or website, launch Youtube channel, so that customers can contact you.

5. Event Photographer

Everyone likes to keep a nice souvenir of that special occasion spent with their loved ones. And that’s why they hire photographers to capture those moments.

So if you can take good pictures, here’s another profitable business. The only investment needed is buying a good camera.

Start by photographing at some of your friends’/family parties and create a portfolio (a catalog of images) to showcase the skills. And ask your friends to provide references through word of mouth. Hand them over your business cards.

It is recommended to specialize in a couple of specific celebrations such as weddings, birthdays, baby showers, house warming parties…

If you have a room at home not used much then dedicate it to create a studio for family images, or portfolio of models, in order to increase profits.

6. Elaboration of greeting cards

There are still a lot of people who send cards to greet special moments. Or who like to create invitation cards for their friends.

So if you like to design these types of items then turn it into a good home based business opportunity requiring little investment.

Cards can be created using photo-editing applications like Photoshop. And then print the design using a good printer at a good price. Or make designs by hand.

You can sell these designs at stationery stores, gift shops, creating your store on the Internet, through a Facebook page and a profile on Instagram…

There are many occasions for which cards can be created: Christmas, valentine’s day, birthdays, weddings, business meetings…

7. Ecological orchard at home

You don’t need a large piece of land in the countryside to start a business selling delicious organic vegetables.

If you are lucky enough to have a terrace in your house, or a small garden, you can have own garden and plant vegetables depending on the climate in the city and then sell it to individuals or even through the Internet.

Urban gardens are a growing trend, and there is a large market of customers interested in buying fruits and vegetables without chemicals and pesticides.

8. Create your own blog

People spend a lot of time on the Internet today and most of that time is spent on reading information they like.

So would you like to share knowledge and opinions on a particular topic with others and in the process make money out of it? Then blogging is the most profitable home-based businesses which has gained lot of strength in recent years.

You can run advertisements, affiliate programs, offer space for sponsored articles…to generate income.

9. Become a personal shopper

This is the ideal venture if you are shopping and advising other people. The first thing required is specialization in a specific type of purchasing sector.

It is important to have good knowledge about the products that are in the market, and the best stores to buy them.

You can search for customers through friends and their contacts, and creating a blog and write about your purchases so that your readers will be interested in hiring you.

10. Repair computers

Without leaving home, you can start computer repair business with little money in the pocket. All you’ll need is space to work, repair kits, and most importantly hardware/software skills.

You can repair PCs or laptops or talk to business owners in your city to have them call you when their systems stop working.

11. Translator from home

Translation is a growing and never ending market. With so much content produced throughout the world, millions of companies (and even individuals) need people to translate the content.

You can start translating simple texts such as documents or small articles, to entire books or websites and blogs.

Some of the best websites to look for work as a translator are ProZ.com, TranslatorsCafe.com, or Upwork.com.

12. Beauty Consultant

The world of beauty has infinite possibilities to create profitable business from home with little investment.

The options available are – becoming a representative of a brand and sell online or door to door, create an online store with your own products or other companies, give advice on beauty treatments…

The important thing here is to have good knowledge of aesthetics and products that exist today in the market.

13. Small Business Consulting

If you have experience doing business (even if it wasn’t your own) and know how to manage it to make it successful then become a consultant to small and medium businesses.

Many entrepreneurs need professionals to advise on improving their business. And they are willing to pay good fees to consultants.

You can offer consulting via webcam or do it from your own home by converting a room into personal office.

14. Nursery at Home

This is the best home-based business that can be set up if you have small children at home.

You need to arrange home and making it lively so that the children are comfortable and enjoy. Also buy variety of toys for fun to attract and make them feel happy.

Start by taking care of your neighbors’ or your friends’ children to expand the business.

15. Yoga Classes

Yoga is a physical exercise whose demand is increasing drastically because of the health benefits it offers. But most people don’t have time to go to a yoga center, or there are no places nearby to their homes for practicing.

And this is where business opportunity can be created. If you are a yoga teacher, or have advanced knowledge of this exercise, offer private classes.

You can do it online through a webcam, or if you have a large room to teach, or go to your clients’ home by charging extra money.

If you are passionate and want to devote yourself completely to it, a good idea is to attract more students and generate good income by opening a yoga center.

16. Event Planner

Whenever your friends are planning to throw a party, do they call you to organize the celebrations better? Then event planning is a perfect business opportunity.

It’s a fun business with a good income potential with little investment. All required is experience in organizing different types of events and knack of self promotion. You can also create a website to advertise your services and increase traffic to the website.

Organize party for friends so that their contacts can see your skills. This will naturally give more clients in the future.

17. Handmade Candle Making

Although we live in an increasingly advanced world with digital technology for almost everything. But there are also a large number of people who love being traditional. And that’s why products like handmade candles are a big hit.

You need to buy some basic materials such as beeswax, wicks, molds, dyes, and natural smells.

On YouTube you can find many videos to learn how to make them step by step. And then sell it on Facebook, Amazon, your own online store, or at craft market.

18. Personalized T-shirt Printing

For this venture the basic materials required are t-shirts with different colors, good texture, and a small team to print photos or designs on the garments.

Small printer is good for this job, but is expensive (about $300 approximately).

However, there are also specific papers that can be bought from specialty stores which are much cheaper (about 20 sheets usually cost $25).

Here’s how it works:

On a regular inkjet printer, load specialized paper, and print the image you want to stamp.

Once this is done, place the paper with the image on top of the t-shirt, run clothes iron over it, and the drawing will be printed to the t-shirt.

It is a much cheaper solution than buying a special printer. So this is another way to start business without spending too much money.

The ideal is to start this business on the Internet through a Facebook page or creating online store. And when you are successful, open a T-shirt shop.

19. Create your own online store

As you have already seen, the easiest way to start a business if you sell physical products is through an online store. You can sell any type of product to the customers located worldwide.

Starting online store not always requires software skills. These days readymade online platforms can be purchased. These platforms let you create online store in a few minutes just clicking with your mouse, add the required elements, and giving it a professional look.

Of course, customization would need technical skills. But if you are successful initially, then hiring a tech person will make sense.

20. Open a Bed & Breakfast

Do you have a room (or rooms) with its own bathroom and is it private from the rest of the house?

Then you can start a bed & breakfast business where you give accommodation to people who want to stay for a few days, and include breakfast/lunch/dinner at an additional price.

For example, start by renting the room two days a week (Saturday and Sunday), and then rent it for more days in the following weeks if you are successful.

When you make good profits, rent an entire house as if they were a hotel.

21. Make Gift Baskets

From business events to baby parties, occasions like Christmas, Valentine’s Day, Halloween, or birthdays, gift baskets can be made to fit anyone’s taste.

The materials required would be products for these occasions such as baskets, decorative cans, or decorated gift boxes, etc.

Attractive packaging is fundamental in this business. You can’t put the items in any way and expect them to sell well.

You can start this type of business at home by creating an online store and listing different baskets.

22. Sewing Business

Another home-based business is sewing.

You can do everything from simple alterations to the garments, launch own brand of clothing, provided you are good in design and creation.

The best way to promote and attract customers is through your own contacts. So first start by offering services to the neighbors and friends, and request them to refer and tell people about your business.

23. Patisserie at Home

Almost everyone likes desserts – cakes, cookies, muffins, cupcakes… If you have good hand for baking delicious desserts, start own bakery at home.

You can sell variety of sweet foods, but it is recommended to specialize in a specific type of dessert.

You can sell these delicious snacks at parties, have customers pick from house, or sell them online and to bakeries.

Once you generate good income, expand and rent premises in a commercial place and start the business from there.

24. Sell Crafts

Do you love creating crafts at home, like photo frames, dolls, or jewelry? You can make the most of this by starting own craft business.

If you don’t want to move away from home, the ideal solution is to open a Facebook page or an Instagram account. And upload photos of handicrafts for followers to contact you and order.

Once the sales increase, open an online store to further grow the venture.

And if you don’t mind leaving home, sell art work in craft fairs, flea markets, or even in dedicated stores.

25. Create Magazine

This is a great alternative to blogs and earn money successfully.

Choose a specific topic in area of expertise and then start creating different articles with nice visuals.

You can edit the magazine online on platforms such as 123mag (free if it’s digital) or Joomag (free up to 100 subscribers). Monetization can be done with ads or by charging a fixed price from interested buyers.

For promotion – create a Facebook/Twitter page/website.

26. Sell Online Courses

Do friends and family always praise you for something you do well? Then teach others that special skill by creating own online course. This business is a lot like being a private tutor.

Various online courses can be created depending on the skills: cooking, playing an instrument, English speaking, make-up, handle a computer program….

You can offer these courses in different formats, such as video, audio, or PDF file. And sell them on websites like Tutellus, Udemy, Amazon, or on your own blog.

The biggest difference starting a business with this method is that, initially you’ll have to work a little on creating the courses, and then make it available online for purchase. You’ll then be able to sell it multiple times and make profits automatically without effort.

27. Manage Social Networks

Social networks are increasingly important for large companies, small businesses, or people with a blog. This is because they are valuable tools for promotion and attract new customers or readers and manage reputation.

And that’s why many companies or bloggers need people with expertise in managing social network and help in publishing various types of content to increase website traffic.

So if you are expert in managing Twitter, Facebook, Instagram, or Snapchat then turn your expertise into becoming a community manager from home.

28. Massage therapist and physiotherapist

Hectic schedule and work pressure results in stress and as a result living a normal life becomes difficult as muscles do not get relaxation.

That’s why individuals look for masseurs or physiotherapists for relieving stress and get physical as well as mental stimulation.

For this type of home business it is mandatory to have degree that accredits you as a professional. This is because you will be dealing with physical health of clients.

So if you are certified and have necessary equipments e.g. stretcher; you can have customers to visit home and give them massage, or go to their home for providing the service at an extra charge.

29. Childbirth Preparation Courses

In most countries, national health system offers free childbirth preparation courses. However these are always of good quality or there are simply no such places for pregnant mothers.

So if you are educated in this field (or have experience working with pregnant women); then start a business of childbirth preparation and parenting courses.

If planning to offer this service at home, make sure there is enough space and comfort in the room for mothers to feel comfortable.

You can also give these courses directly over the Internet through a webcam, or go to clients’ homes and offer service.

30. Travel Agency

One of the most profitable home-based businesses is online travel agency where visitors are offered stays and flights at good prices.

You can create a website and display travel packages along with their prices. Or create a comparator site offering visitors options to choose from. This option requires development of comparator software.

So as you can see there are many home-based businesses that can be started with little capital bringing good benefits in addition to professional independence.

So what venture are you planning to start from home? Share it in the comment box below.

9 Steps to Start a Business When You Have Little Money

Many people like to take path of entrepreneurship. And the reasons for doing it may vary – either their job is not enough, or they don’t like it or they simply don’t have a job and naturally need a source of income to live….

But many a times individuals who have been working all their lives for others don’t know how to start a business and think that starting a business always require huge investment.

If you want to open restaurant or a car repair shop, it is obvious that good capital to rent/buy the premises, buy necessary machinery, and hiring employees is required.

But thanks to the internet. With new technologies it is now easier than ever to start a business with very little money in the bank.

Here are 9 steps to take to start practically any venture, if the capital available is small:

1. What do you know how to do and what is your passion?

This is the first thing you should be clear about before starting a business. If choosing entrepreneurship and thinking only about the money it will generate, then better get a well-paid job.

There are many people choose their business idea based only on profitability and the income they would earn. And most of the times, such people have to close their businesses within a few months of starting.

A business isn’t just about making money. It’s actually a long lasting project which serves a purpose, requiring 100% involvement, everyday work, strength to overcome the obstacles faced along the way.

And if you choose doing business, thinking about how rich it will make, very soon you will start to hate it. You will see it as one more uncomfortable job and will abandon it because of lack of motivation.

That’s why before venturing out, two very important things to keep in mind are:

  • Business idea is something that you are passionate about, that you like.
  • It is about something that you already know and how to do.

To choose a correct business idea, do this exercise:

  1. Take paper and pencil. And in one column write all the things you like, and in another all those you know how to do.
  2. Write a minimum of 10 ideas in each column. And then see how to apply the skills possessed.

For example:

  • If you like to talk to a lot of people, and know how to decorate a house to make it look nice, a business idea for you might be to organize events like weddings, birthdays, etc.
  • If you like technology and have good knowledge of computers, you can create own blog, e-commerce website, build applications, or conduct online courses to teach others about computers.

Remember that putting a business idea in the beginning will consume a lot of time and energy. But it is a one time effort and completely worth. And that’s why  always choose something motivating and exciting.

So write down everything that can be though of on a another piece of paper, and then go to the next step.

2. Is your business idea realistic?

Before starting to prepare everything to launch a business, it is very important to do a thorough analysis on whether the chosen business is realistic or not.

Ask yourself following questions:

  1. During the first few months, will I be able to manage entrepreneurship on my own?
  2. Is it a business for which I will need money? Are the savings I have enough?
  3. Is it something people would pay for?
  4. Will this business give me enough profits to live on?
  5. Will I continue working in this business 5 years from now?

These are very important questions anyone should answer HONESTLY for a successful venture.

If money to start business is not sufficient, the first few months you will have to do it ALL. So be prepared to bear pressure until you hire someone for assistance.

Check the capital you have. If money is not sufficient, starting something big like a physical store where expenses for rent, items, etc., will be difficult unless borrowing money from the bank.

It’s also important to think whether customers would be willing to buy what you want to offer. You may think your idea is fantastic, but that doesn’t mean that the whole world will be excited about it.

The best way to find out is – carry out a market study and analyse who your buyers would be, their purchasing power, whether they buy products or services similar to yours, etc.

3. Create a business plan to succeed

A business plan is VITAL in any type of enterprise – small or big. It is like a map that will tell you the steps to be taken, allowing you to make a prediction.

In any business plan, 5 fundamental elements must be analyzed:

A) The costs and benefits you will achieve

Even if you want to start a business with a very little money, it is important to calculate all the possible expenses.

If company is going to be online, calculate costs such as hosting and domain of the website, shipping if you’re going to sell physical products, the price of materials if you’re going to manufacture the items, etc..

Then calculate the selling price for each product or service. And subtract cost of manufacturing to arrive at the net profit for each item.

B) Your potential market

Analyze which market you are going to operate in, who the ideal customer is, and whether or not that buyer is willing to buy and pay for the products.

Ask yourself questions such as:

  • Who is going to buy my products?
  • How old are they?
  • Are they men, women, or child?
  • What are their interests and tastes?
  • Why will they buy from me and not competitors?

C) Suppliers to purchase your items

If you’re going to make the products or offer services, you can move on to the next point.

But if you’re going to buy the items to sell, look for good suppliers providing the required items.

Be sure to contact multiple suppliers to understand difference in the budget. And don’t be afraid to ask things like whether they discount for a certain number of units, or what their return policies are.

D) Marketing strategies to promote yourself

Perhaps one of the most important part of the business plan is marketing. The advertising for the venture is what will attract the customers.

For example, a restaurant needs this push to attract customers. Therefore, it is recommended to at least follow marketing rules.

Establish good strategies to determine what means will be used for promotion, how it will be promoted, messaging to reach potential buyers.

The marketing techniques and media used must be appropriate for target customers.

For example, if the target customer is young individuals accustomed to using new technologies; the most logical thing will be to use social networks and internet to advertise.

But if they are older people, not much accustomed to technologies, it won’t make sense to advertise on social sites. The best would be to use traditional media they see, such as magazines, newspapers, radio …

E) Who will be your competitors

Competition is another key point which should not be ignored. But don’t be afraid: if competition already exists. It also means that there is also a good market for customers wanting product/service.

The important thing is analyzing the differentiating factors from your competition. i.e. what you offer and not the other competitors.

4. Choose a place to start your business

Once business idea is ready, verified to be realistic and ready with complete business plan, it is time to think where to establish the business.

If you have little (or no) money, it won’t be possible to rent/buy a physical location, for example, because of the expenses involved.

Even if you have already bought a place or a relative lends money without having to pay the rent, you should think that it will entail expenses such as electricity or water that you won’t be able to pay initially.

Alternatives to start business when you have little money

There are solutions to every problem. And this applies in case of business as well, when the capital available is small.

Ever thought of setting up business in your home? If you have a spare room, barely used, a well-conditioned garage, or entrance to the house is large, you can start business there.

In fact many successful businesses such as Microsoft, Amazon, Google….all started from a garage.

These spaces in your home can be very useful especially for public-facing ventures in which contact with customers is essential.

But if you are going to start a business in which you don’t need to deal with the buyers, undoubtedly the best option to achieve it is the website.

The great advantage of making a blog or a website is that you won’t need anything except a computer and internet connection to get started.

It will be enough to buy domain and hosting, install a platform like WordPress or Woocommerce, and choose a design.

Once that is done, add all the required elements – an online store with thousands of products, a contact section, a small blog to talk about the products or services….

Another benefit of website is market can be expanded to the entire world. Customers can buy products from any country and at any time. So the benefits will be much greater.

Later, when online business is successful and money earned is enough, you can expand it to the physical store.

5. If money is needed, look for financing

Maybe when you start business you realize that even if you don’t need a lot of money, you will need a small amount of capital to get started, especially if you are going to offer products that you have to buy from suppliers.

And surely if you’ve come to this article is because you want to start your business, but without borrowing money from a bank.

However, think carefully about this, because a little financial help can come in handy to get your idea off the ground, and there are many alternatives to banks with which you can achieve it.

Today there are all kinds of organizations that want to help new entrepreneurs build their businesses. And there are also other types of aid to boost your business. One of these aids is crowdfunding.

Crowdfunding

There are crowdfunding platforms in which you can register to raise capital, financial institutions that grant micro credits to different groups, investors who wish to participate in new ideas…

But don’t forget about official bodies such as the governments of each country, usually offering subsidies to small companies without the need to return that money.

So if you think that a small economic aid (between $500 and $3,000) is what you need to boost your business, don’t hesitate and look for alternatives to traditional bank loans.

6. Set up operations center

After all the above steps, you’re ready to set it all up and open the doors to the audience.

If you decided to start business at home, choose the room in which you are going to establish it. Decorate and condition that space nicely to attract clients. And start promoting yourself in different media to capture the first clients.

If you are going to create a blog or a website, choose your domain and hosting, configure so that it looks like you want, and open profiles in social networks like Facebook, Twitter or Instagram to advertise.

You should not be afraid or doubtful at this moment. Because you have already decided that you want to start business.

Now it’s your turn to act and take action in a planned manner. A delay in opening the business even by a day will be a lost day. And you will be farther away from the dream if you let too much time to pass.

7. Think about payment methods

Although there are many entrepreneurs who don’t give importance to this. The truth is, payment method is extremely important. After all – Customer is King and payment is your bread and butter. So provide as much convenience to the customers. In fact, this can be a distinguishing factor when competing with others.

If starting a business from home or dealing face to face with buyers, the normal thing is to charge in cash or card.

But if planning to create an online store or a website, things change…

You have to think carefully about all the forms of payment, available in the country serviced and safer for both – buyer and seller.

For example, PayPal is one of the safest payment methods for buying or selling online. In fact it is the most widely used payment method in the world.

But there are countries where PayPal does not allow to withdraw money from a bank account, and the commissions are usually a little high (3.4% of each sale).

Bank deposits or transfers are a good method because money gets deducted directly. But if the customer belongs to another bank or is outside of your country, it becomes expensive to carry out transaction and customer may end up not making the purchase.

However, another good form of payment is credit or debit card. So the buyer can pay immediately, and is quite reliable and secure.

So bottom line is to analyze all the payment methods, benefits and disadvantages especially for the customers.

It is recommend that you accept different forms of payment. Because this will attract more customers as they are given multiple convenient options to make a payment.

8. Use different medium to promote yourself

It is no longer necessary to invest large amount of money for advertising to attract customers.

This can now be done by opening a Facebook page, upload photos, offers and news about the products, as well as other social networks such as Instagram, Twitter, or even Snapchat.

But there are other alternatives such as sending products to a blogger or youtuber to spread news to its followers, email advertising, or even collaborating with other businesses.

9. Don’t make excuses!

Today business can be created for less than $4 per month by buying a hosting and a domain and launching a website. And it takes less than 3 hours to go online.

Not having money is just an excuse to not start a business.

There are successful businessmen today, who have created great companies with hard work, untiring efforts, minimum support, small financial backing and with a long term vision.

So if others can create enterprise and generate enormous wealth more than what is required for living, why can’t you do the same?

Everything is in the mind. Never let your mind create a barrier. Remember, you are the owner of life and the one who makes life’s decisions.

It’s easier and more comfortable to continue in the current situation, blame life, circumstances, boss, or the money you’ve had to live like this.

But realize that these are really just excuses created by you. It could be because of fear, insecurity…..creating obstruction for moving forward in life.

So final decision is up to you. Either you keep complaining about everything and stay where you are. Or Stop complaining and start business to improve life from now on.