Friday, May 15, 2009

How to Turn Your Experience into Profits

by Ina Hikmatullah

Whether you are looking to start a new full time business, want to work from home, or simply want to make some extra income on the side, you may be looking in the wrong place!

It is a common belief that you can only start on a new project by entering into an industry that is completely new to you. While this can work, it does mean a lot of extra motivation on your part so that you can take the time needed to do the research on the competition and the field to be successful.

What you may be surprised to learn is that you can get started on a business opportunity much quicker if you use your past experience. You can use your current experience and skills to change your professional life for the better. After all, it is not so important to learn new skills as it is to use the ones that you already know.

Ways You Can Work in Your Current Profession

For those people who are looking to work from home or at least control their schedule, the world of freelancing, consulting, and contracting in their industry can be a good place to start. Even when the economy is slow, those who do freelance and contract work often have an advantage over those seeking steady employment. This is because normal employees require more overhead in the form of insurance, retirement plans, and other benefits than those who are hired on just to complete a job. And working offsite by working from home can help the company save resources. Most freelance workers, consultants, and contractors are paid by the project or by the hour, so the company hiring them will know exactly how much the job will cost. However, to be successful in this part of the industry, you must have the motivation and determination to sell yourself, even when the going gets rough.

Those Who Have Done, Teach

Whether you have been in the workforce for 3 years or 30, it is not unusual to want a change of pace. You may want a lighter workload, less hours or extra income without another full time job. Consider taking this opportunity to pass on your knowledge to others. If you are a seasoned professional, you may be in high demand to teach at local colleges or technical schools. It does not matter whether your background has been in white collar or blue collar industries; an instructor with the ability to pass on real world experience is valued at many institutions. Look around for openings or even stop by your local community college to talk to the head of the department in which you are interested. Let them know that you are available to pick up a night course or a course that is taught off campus. These courses are hard to staff as many staff professors are unwilling to teach outside of their normal schedule.

Even if teaching is not your forte, there may be other income opportunities available for you. Make a list of your skills and try searching an online job site. You may be surprised at the business opportunities that are available to you. You could also consider writing about what youve learned and selling the articles to trade magazines and websites. Freelancers with actual work experience can often expect a higher premium than those that are generic writers. Look for a creative way to market yourself and your experience and you will be surprised at how far a little motivation can go.[I:http://coringa.info/wp-content/uploads/2009/05/InaHikmatullah0.jpg]

About the Author:

Author Ina Hikmatullah masterminds with millionaires everyday. Check out her Home Based Business and get your hands on her free Online Business tips

Get all the information and photos:: http://coringa.info/finance/how-to-turn-your-experience-into-profits

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