Be Financially Savvy

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Educate yourself financially. Learn Smart ways to Manage your Money.

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Highlights
Monetising From Stock Photography

Depending on the nature and quality of the photographs you take, it is possible to earn money, simply by taking photos. If such firms use an image that is used repeatedly in various marketing campaigns, the brand’s image would suffer. Microstock photography websites provide users with the facility of selling affordably priced images, which makes it the most preferred option for marketing and advertising companies. As stated earlier, writing keywords to describe the images is a crucial aspect of making sure that your image is sold.

Social Media Marketing

While marketing on social media platforms is perceived to be simple, the process requires businesses to employ meticulously devised strategies to ensure that all the objectives of marketing are distinctively met. Social Media Marketing (SMM) refers to the marketing strategy that is exclusively designed for and implemented on various social media platforms. Create accounts on relevant platforms and promote them using email marketing and paid advertisements to acquire a following • Use video content and advertisements to increase followers • It is further important to create a diverse range of content, which includes sales links, interactive posts, informational content, along other types of content.

Which Model Is Right for You? - Be Financially Savvy

Taking this into consideration, your job is to select the products to sell, working with a reliable manufacturer or supplier, brand the products, list them at a market competitive price on your online store, bring customers, convert them into sales, and carrying out effective customer service. The dropshipping Shopify model follows the ensuing procedure: Step # 1: You list the products on your Shopify store Step # 2: A customer explores your store and places an order Therefore, if you choose Amazon to start your dropshipping venture, it is imperative to strategize, brand, and promote your store effectively. When you start a dropshipping business, you have the option to charge your customers for shipping, or offer free shipping services to make the store even more attractive.

How to Become Self-Employed in 2021 - Be Financially Savvy

The final step for creating a successful USP is figure out what makes your brand unique, and come up with a way to integrate it in your marketing strategy. Deciding on the Brand / Company Name Taking the previous example into account, choosing the brand / company name is a crucial step. Although this step is not crucial, it can protect your firm in the long run, as another company might try to name their business similar to yours to profit off of your brand’s identity. If you wish to become self-employed, you must come up with a unique business idea, conduct market research, curate a unique selling proposition, decide a company name, choose between a limited company or a sole trader and handle the financial aspects of the business.

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