Arbitrage involves buying a good or service for a certain price and then reselling it at a higher price to take advantage of market pricing discrepancies. The concept is best described by the adage “buy low, sell high.” Learn the pros and cons of retail arbitrage and how to make money doing it.
Asking clients for a deposit is a great way to prevent nonpayments and unpaid invoices for your freelance services. If you’re a freelancer having trouble getting paid on time or you’re looking for ways to filter out flakey clients, learn whether and how to ask your clients for a deposit upfront.
The cliche “it takes money to make money” contains a ring of truth for entrepreneurs looking to start and grow a business. Most ways to finance a business involve either taking on debt or giving up equity. Before you choose, learn the pros and cons of financing your company with debt or equity.
Getting paid on time and in full as a freelancer comes with many benefits, but it’s not always easy. Learn the common payment terms freelancers often use and important points to include for your client, and get tips for how to include your payment terms in your contracts, quotes, and invoices.
The Paycheck Protection Program Flexibility Act allows borrowers to use up to 40% of their loans’ proceeds for certain nonpayroll expenses without jeopardizing forgiveness eligibility provided they use the remainder for payroll expenses. But many borrowers still have questions. Get the answers here.
The U.S. is experiencing a new business boom. Becoming an entrepreneur is an excellent way to increase your income, create job security, and experience the unique thrill of being your own boss. Here are some of the best side business ideas you can start today.
About one-third of American workers have at least one side gig. Balancing the demands of a side gig, freelancing operation, or startup business alongside your day job takes planning but can radically boost your income. Learn how to start a side business or side hustle while working a full-time job.
Etsy has long been the sales platform of choice for independent artisans. But while selling on Etsy remains lucrative for many, it has its drawbacks. Fortunately, independent craftspeople have dozens of alternative e-commerce platforms to choose from. Which is the right fit for you?
A dropshipping business gives you the flexibility to make money online without handling physical inventory or fulfilment. Starting one takes real effort but can be lucrative when successful. Learn how to start a dropshipping business from beginning to end with this complete guide to getting started.
Many freelancers and independent contractors struggle with billing time. Do you charge for a five-minute phone call with a client? What about for completing revisions or fixing mistakes? Before you start sending out invoices, review these examples of billable and nonbillable freelance work.
Today’s freelancers and small-business owners have more choices than ever when it comes to accounting and bookkeeping services. Many of the most popular are inexpensive or even free. Learn about the best online accounting, bookkeeping, and invoicing services and find the option that’s right for you.
For freelancers, being highly skilled in your given area of expertise doesn’t necessarily equate to knowing your way around the financial aspects of working for yourself. Learn how to draft a professional freelance invoice, how to build an invoice template, and what clauses and terms to include.