Keeping a blog going is like writing a diary, it becomes a habit and a good way to capture memorable events. This being the first entry of 2017 I wanted to do a quick recap of what happened last year but I don’t think it is necessary moving forward once I start to write regularly.
I have not quite figured out on what this blog will be about. I have explored some areas of interest but without sufficient material to concentrate on those topics. I will keep adding to those areas as I move forward with more knowledge.
I recently came back from my trip to Asia, more specifically Thailand and my hometown Hefei. The trip in Thailand is standard and pretty much for business, the other part in Hefei is personal and somewhat business.
When it comes to China most entrepreneurs think of it as a huge market with massive potential. Stories of rich and wealth from the far east is common. China is very big, almost the same size as the United States and much more populous, thus making a statement such as “We are going to enter the Chinese market.” quite impossible to materialize.
This Canadian small business opportunities guide is for my fellow Canadians. I am here to offer you practical small business ideas that you can pursue.
The small business opportunities that I want to share with you is trade related. I am the CEO of a modern trade company, I don’t have the credential to talk about what I don’t know. So I am going to share with you the secret of my trade and how you can succeed as well.
Canadian Small Business Opportunities – What is the trade?
A trade is an exchange of items with value. It is important to understand that a trade does not have to occur with items of equal value. Actually there is little point in trading between things of equal value at all.
Trade exists because of scarcity, resources are finite in some areas and abundant in others. This is the opportunity for trade.
Trading is one of the oldest profession in the world. Time change and the way we trade changes, but the job did not change. As a trader your job is to find value in items that is lower at origin but higher somewhere else. Buy low sell high.
Most fruits and vegetables we enjoy here in Canada are not produced locally. We know that not much grows in our winter. We import these fruits and vegetables from different places around the world where the weather is warmer and resource abundant.
I want to let you know that for every item imported into Canada, there is a trader’s work somewhere along the line. Traders are an essential part of our economy, we move to connect supply and demand.
Technology Advancing Trade
Trade is an old profession that evolved with everything around us. If I was a trader a thousand years ago I probably will have to travel with my caravan on the silk road. Battling sand storms and bandits. An exciting life indeed.
Today a trader has a lot of tools that we can use in conducting our trade. Not too long ago a trader will have to travel all over the place carry out trade deals. Now you can send an email or make a phone call. A business that use to take months can now be done in days.
Trade has truly evolved. Matter of fact I would argue that now is the golden age for traders, and I will tell you why. Sadly though, the knowledge of this profession is on the decline because there are simply not enough people joining the ranks. Less competition is not a bad thing.
In Canada especially people seldom look at trade as a business opportunity. It is not widely talked about. Small business advice tend to guide towards service based businesses. Not to knock on anyone, there is a difference between self-employed and a small business.
Self-Employed and Small Business
There are a lot of business opportunities out there that are really self-employment opportunities, and there is a subtle yet significant difference.
A self-employed business tend to center around you. Cleaning, dog walking, sewing, or contracting. It doesn’t mater, anything that you are the main gun in the operation is a self employment business. You are the business. You could potentially grow and hire people, but that is something else down the road. For example you run a cleaning business. You are a member of a service industry. Everything you got on the job is between you and your client. Every time you move it is just you moving.
My definition of a small business is a business that although small but is an part of a much bigger business. For example a company that wholesales nuts and bolts. The company is operated again by you in an office with a computer. your operation however is an part of a larger business ring. That consists of service providers, manufacturers, wholesalers, assemblers, logistics and warehousing. This time you make a move everything moves with you.
At this point you wonder what is the difference. Like I said earlier it is subtle yet big at the same time. The similarity in both operation is that the business is really just all you. The big difference is that with a self employment business you have to do everything. Buying tools and sprays, finding customers, and the real cleaning. If anything goes wrong you are also the only person responsible.
As a small business you are responsible for your part of the firm. If your job is to deliver your nuts and bolts when your customer needs them, then that is all your focus on. You are not responsible for producing them, or transporting them. Other people do their job to make that happen.
So as you can see even though by the end of the day both business makes you the same amount of money, the scale of operation is entirely different.
Canadian Small Business Opportunities – Start with Trade
Before I show you what and where you can start to become a trader and pursue your own Canadian small business opportunities I want to talk to you about why starting with trade is important.
I mentioned earlier that trade is an exchange between items of value. This can expand into everything. People use money as the medium of commerce, and you can sell anything for money since money is the universal scale of value. You can trade your service, your product and your knowledge. There is nothing you can’t buy and there is nothing you can’t exchange for money.
Let us not confuse trade, and every business is a form of trade. Many self-employment opportunities are trade oriented. Usually involves a service, or a labor for money.
I made a distinction between self employment and small business. Since this is a guide for Canadian small business opportunities I am not going to recommend anything that I believe is self employment.
Now let us talk about trade as a Canadian small business opportunity. What can you trade here in Canada and how much capital is required.
To do a trade in business is simple. Are you on facebook? Give us a like and I will give you one back. That is a simple trade at a business level. Now you wonder why should you like me. You wonder that because you have not yet received the value that this post title promised yet. Therefore I must offer you the information that is promised, which is Canadian small business opportunities then you will like me.
In a way that is a business trade on a very simple principle. I offer an article with information that you consider valuable enough to seek, and in exchange you like our page.
Everyday people make hundreds of trade decisions. In economics they actually call it opportunities cost. Milk over juice, Bus over Train, etc. Therefore everyone should be able to run a business in trade. Considering that you are capable of making choices like milk or juice.
It is true that some of the larger trade firms do astronomical figures of business. Billion upon billion. Warren Buffet is a trader, he trades stocks!
Not everyone starts with a lot of capital, maybe you a stay home mom looking for a second income. Perhaps you are bored out of your mind in your cubicle and looking for new opportunities. Maybe you are a new graduate exploring the different choices life has to offer. The point is, we all come from different background so it is very hard for me to cover everyone.
The Canadian small business opportunities I suggest will need some sort of capital to begin with. Anywhere from ten-twenty bucks to a few thousands, or more. It really depends on what you want to do and the scale you can work in.
Canadian Small Business Opportunities
Buy low Sell High – Broker
This is the most common starting point for a trade business. One that you can start almost immediately. Don’t need an office, or even a place to work. You just need to communicate with people. Chat, Phone, Internet, whatever.
Is there something you know that other people don’t. Are you part of a niche that you are not aware of. Maybe you know a place that makes great baby clothing, If you can convince people to pay more for what you paid it for. You are now a broker business. An example of a service broker are websites that compares air ticket or hotel rooms. They get paid every time you do business with them. They don’t produce anything else other than giving you all the options in one go.
You can start your own brokerage firm with a computer and an internet connection! Don’t worry about registering a business and all that yet, you are a trader make that money first register on a later date when you feel comfortable.
If you already know of a product that you can buy low and sell high you should get right to it.
If not you can visit Alibaba.com a global directory for businesses. Think of it as Google but for manufacturers and traders.
How to find a product on Alibaba
Go to alibaba.com, you don’t have to register for an account right away. Look around see if you can find an interesting product.
2. Baby clothing and baby items are one of the fasted growing industry now. I know this because I did enough research on them. In the future you will most likely learn how to do that as well but for now lets just pick anything you have an interest on. In my case baby clothing.
3. The result showed me different baby related items from 17,268 different suppliers. Supplier on alibaba could mean a few things. Manufacturers, Wholesalers, or a trader like yourself. Who they are doesn’t matter, but it is important to check their status. Most suppliers on alibaba are legit companies wanting to do good business.
4. Look through your results, note the ones that interest you. It is good to have a planner or a journal when you plan for your business.
5. I found a seller that sells cute baby cloth in bulk. So I decided to investigate.
6. I think I can bring these over and sell them in Canada for at least $10. I make more than $6 a piece. If I buy 49 pieces at $3.60 my cost is 176.4, when I sell them for $10 a piece in Toronto I make $490. $490-$176.4 I just made $313.6 in this trade. Not too bad for a starter trade.
7. You can use the same method on anything you want. If you know someone who owns a shop and you know there is something they use regularly look for it on Alibaba. See if you can find the same or a substitute with enough margin for you to make a profit.
8. Don’t buy anything from the first seller you come cross. Dig a few more, ask them questions. Get a feel of the person you are dealing with. Do they help you, can they support you with better prices, do they feel trustworthy. Play around make some connections. It is a big part of running a small trade business. Remember, a good supplier will work with you, because your success is their success.
How to sell your product
Once you narrowed down on a product you want to broker, your next step is to sell it. Buying the product you want to sell is only half the business, you don’t want to stop in this half because you want to get your investment back plus profit. You need to be able to sell it at a markup.
Sell it locally. If you are an out going person and loves to talk to people, chances are you already have a large circle of contact. Let these people who already like you know that you are in business. There is nothing shy about talking to people about your business. If you are, you are in the wrong business.
2. Become a wholesaler. Contact a company that is in the same business, talk to them show them your product. Companies are constantly looking for new suppliers. Give them a discount get them to try your products. Remember, if your product move for them it will move for you! Get ready for your second order.
3. Sell online. There are so many places to sell things online now. If you can find this article you can find a place online to sell your product. Ebay, Kijij, Craiglist, Etsy, and so many more that I don’t even know about.
Info-Commerce – Consultant
If you have an extensive knowledge of something you can also easily turn that into a business. Not every education gets you a PHD or an opportunity to teach at a university but it is almost guaranteed that someone somewhere find your extensive knowledge valuable and thus give value to your business.
Depend on what that knowledge is you can do a quick google search on the subject. Are there other people interested in it, do you know something that is valuable but no one seem to talk about it on the net yet.
If that is that case you just found a niche market. There are many ways to turn that into money. One way is to start a blog. Since this is a post about Canadian small business opportunities I’m not going to get you on the how to. Here is a post I wrote that can help you started with a blog. Once you have a blog you will be able to monetize it. Which is covered by another article I wrote.
If you are a comfortable public speaker you can also volunteer to talk on the subject you want to cover. Practice at your local library events in small groups. No one is going to judge your performance harshly as long as you offer valuable information.
If you are genuinely good at the subject you are covering soon you will open up to many other opportunities, and some will pay you quite nicely.
For example, I often talk in seminars about entrepreneurship and starting a small business in Canada.
Digital Asset – Online Trading
If you have an interest in equity market you can also engage in online trading. It is relatively easy now to trade in the stock, forex or commodity market. You can find tons of information about to that on google. So I will not cover that in detail.
If you have limited capital to start you can also get in on the less capital-intensive Binary Market. Read this post I wrote on the Binary market and see if online trading is something you can get into. Maybe you will become the next Warren Buffet.
Starting Your Business
You can never know enough to get you ready for your business, and there is not enough books out there to make a business tycoon over night. Most things people learn by doing, and it is the same with business. Whatever it is that you want to do, get it started now. Been thinking about a product opportunity? Go to alibaba now and see if you can find a manufacturer. The most important part of starting a small business in Canada is actually starting it!
Running Your Business
Running a small business is not easy. I hope that I have offered you new information on Canadian small business opportunities. What I showed you is a universal way to start any business in any industry. When you connect supply and demand real business happen. Buy low and sell High you will never go broke.
Running a small business takes dedication and perseverance. You must not expect success and wealth over night, instead picture the future you want and move towards it one step at a time.
Good Luck and Success to your business
Like and share this Canadian small business opportunities guide if you find it helpful. Get like-minded people together will boost your Canadian small business opportunities, because Canadians work better together. You can also find partners anywhere in the world to work with you, and if you have any questions or comments, feel free to drop me a comment.
Not too long ago I got together with an old friend, after a few drinks he asked me how to make extra money on the side fast. I pondered upon this question and thought of his past complaints about work and financial stress. Without leading him into some rush decisions I told him that there is nothing I can think about on the spot.
I felt bad for not sharing my knowledge of making money as a business person with a good friend. After all I am that high school buddy who pursued entrepreneurship.
Financial challenge is a part of every entrepreneur’s career. There are times where you just have to find ways to boost your liquidity. In other words make some extra money fast.
It is true that there are many ways to make extra money on the side fast. Fast is arguably relative at the moment, I will get to that later. What is more important is why do you need it, how much extra money, and what are you willing to do to make it.
How to Make Extra Money on the Side Fast, The Why?
The why is very important, without the why you would not be reading this article. Without the why there is no reason for anyone to do anything. I have not met a person in their adult life that does things just because, it is an inefficient way to do things.
So why do you want to make extra money on the side fast. There are many reasons that leads to this wish. Perhaps you are looking for a boost in income. Maybe you have a baby on the way, maybe your boss is a dick and you are looking for an opportunity to stick it up his when the time is right. For now though you need to keep doing what you do for that bottom line.
I’m sure there are more reasons to the why than the solutions to the how. I am going to tell you a very specific why that I am trying to offer the solution for in this article. The why that I am catering is for those that have a source of income but are not very happy about it at the moment. Why you are not happy about it is not something this article can help, but the desire spurred from your why is something that I am offering a solution for.
Like my friend you have an income, and you are smart. Smart enough to know that the 60 ways to make money from home, or 24 legit ways to make more money is not something worth of your time to pursue. I agree.
Filling up survey is not a good way to make money, have you tried those surveys? If you have not congratulations you are smarter than me. They are not worth the money or the time nor the effort.
Driving for Uber may work for some but not others. Tell me you are not seriously considering using your brand new BMW 5 series on the weekend ferrying barely legal teens that just had 5 shots of vodka for the first time in their life. Ticking time bombs.
How to Make Extra Money on the Side Fast, The What.
After disputing two of the only things you found in a list of 60 that is doable and tangible you are wondering what can you do to make that extra money.
If you know a craft, then selling it on etsy is a very good idea. Especially if you enjoy crafting. What is important is that you do it on etsy and not ebay. Ebay has always been a prime hunting ground for bargain hunters, letting go of a craft that you spent hundreds of hours making for a meager reward, that is insulting!
I know an aspiring entrepreneur who loves to make print caps and t-shirts. She is doing really well on etsy. Last time I checked she even has her own shop set up, she’s got some really cute baby prints. She did all that while she was working for some media company.
If you don’t know a craft, or is allergic to physical labor. Then perhaps blogging is something of your interest. For example this article is a blog. You probably heard stories of people who are successful bloggers. People do quite alright from writing what they like. In my case I love writing business related articles such as the stock market, new opportunities and document my life as a CEO.
Writing a blog however is not easy, and it’s not something that you could pick up without any prior knowledge. Even if you could and have experience with blogging then you probably would agree with me that monetizing a blog is very challenging and time-consuming.
Monetizing a blog is using your content to generate money. There are several ways to do that, through advertising, affiliation and e-commerce. Technicality aside blogging is not the solution for how to make extra money on the side fast, because it is anything but fast. Sometimes it takes month even years for a blog to gain audience and momentum.
How to Make Extra Money on the Side Fast, The Will!
If you are going to blog do it as a hobby and do it consistently. There are no shortage of half-finished blogs on the internet. It is actually one of my biggest fear to see this blog joining the rank. If you want to find out how to make extra money on the side fast I have something else to suggest that could be better for you. We will get to that in a bit.
If you are a responsible adult, and you have spent your adult life achieving things then you know that will power is a very important mental ability that we posses. The cliché goes when there is a will there is a way. In other words if you have no will then there is no way.
I’m talking about will power because yes I can suggest this for my buddy’s question on how to make extra money on the side fast. However, before we jump into it you have to ask yourself what are you willing to do. Are you willing to read a book, or learn some new skills. Or perhaps both. Reading is sexy and learning is power.
How to Make Extra Money on the Side Fast, The How.
I know I have beaten around the bush for a bit before arriving at this section. I could have given this answer to you in the first paragraph, or tell my friend in a here do this kind of one liner. He would have not listened to me, neither would you. It is just human nature.
I needed to prove to you that I know what is out there, and I have tried almost all of them. Most of them simply do not work, the few that does is not a solution to our problem.
My friend asks me how to make extra money on the side fast because he knows me in person. We hangout together, and that he knows of my business track record. My ups and downs, my success and failure.
A Binary Option is basically a form of stock market. You would run exactly the same as you would trading stocks. You predict a trend and invest on your prediction. Lets say if you see that google will go up in the next 3 minutes by 1 point. You call and 3 minutes later the stock indeed went up by 1 point or more. As a result you get paid handsomely, usually 60-90% depends on the asset or the firm.
What is great about this form of trade is that:
1). You can trade it anywhere as long as you have a computer or phone with internet access.
2). You can do it at work, most companies will not punish you for glance at a stock when things are slow.
3). If you are a student going to become a future stock operator then there is no better place to practice your chart reading skills.
4).In Binary trade you don’t need a lot of money, some firms will even allow you to open demo accounts or start with as low as $20.
5). It is super fast! You can open and close a deal within minutes. Say you called $100 on google at 3:00 pm, because you read news that is good for google and you predict that it is going to break its down trend. By 3:03 it moved up. Even though just by 1 point it is higher than when you called it. The return is 80%, you take home $100 + $80 = $180 in 3 minutes.
6). Your boss walks by, you turn off the browser and goes back to work $80 richer.
That is how to make extra money on the side fast.
How to Make Extra Money on the Side Fast, Warning!
At this point you are excited and eager to give it a try. You’ve read my article up to now so do yourself a favor and finish it.
Binary options are legal and regulated in almost every country with some exception. Legality is not the issue I want to warn you. What I want to warn you is the risk. The market; binary, stocks, commodities, Forex are risky. People get rich playing the market, but people also lose money.
Before you jump into Binary ask yourself if you are knowledgeable enough to play this action packed market or not.
If your answer is no there are two things you can do.
1). Get yourself educated with this form of trade. It is not very complicated but there are certain fundamental knowledge to have. If you are really curious and like the way I explain things read this post I wrote on the subject. It is more extensive and almost 5,000 words but it is a good place to get you acquainted with this type of trade.
2). Walk away and pick something out of the list I mentioned in the beginning. You probably won’t make any decent extra money with any speed, but there is no risk but your time.
How to Make Extra Money on the Side Fast, Where to Start.
Now that I have shared with you my suggestions on what I think is what you are looking for on how to make extra money on the side fast. Here are two firms that offer this type of trade. I have done my research on them, do yours as well.