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7 Business Ideas You Can Start With Little To No Money – Baltic Times

There are many reasons to start a business. Perhaps you want to supplement your income from your job. Or maybe youre simply looking for a way out of working a nine-to-five job. Regardless of the motivation to start your business, there are numerous paths you can take. Nowadays, starting your own business is viable given the various opportunities to make money through online channels.

Due to the growth of technology, e-commerce, and the Internet of Things (IoT), making money online at little to no cost is possible. Most online businesses require minimal capital investment to start. That said, below are some of the business ideas you can start with little or no money;

1. Freelance Graphic Designer

In this age where theres a lot of content creation, graphic designing is a handy skill one can possess. Graphic designing is also necessary for website designing, video editing, and search engine optimization. Therefore, many companies are seeking experienced graphic designers at present.

As a freelancer, you have the flexibility to set your own work schedule and choose the projects you want. However, when starting, youll have to look for clients who need graphic design work actively. And once youve built a solid portfolio, itll become easier to link with new clients.

2. Affiliate Marketing

Affiliate marketing programs have become increasingly common nowadays. It is especially true with content creators and influencers. These individuals frequently collaborate with businesses to advertise their products for a commission. The affiliate will get a commission every time they bring a new customer to the company.

So, the affiliate marketing business could be suitable for those with a decent social media following on any of the social media platforms. It will be easier to increase traffic on social media, blogs, or other platforms if you have an excellent social media presence.

Nonetheless, this will be a perfect business for some because its not time-consuming as opposed to other jobs. Instead, its something that could become more profitable over time. Only make sure that you look for good affiliate programs. Different affiliate programs have varying commission structures. Therefore, you must visit the various prospective company websites to learn more about their programs.

3. Consulting

One of the more common businesses to launch nowadays is a consulting firm. It is because you can establish a consultancy firm depending on your area of expertise. For example, you could start your own IT consultancy company online if you work in the IT industry. You can use your experience to create a brand.

But, even if you arent relying on experience, you could still take a course and learn how to be a consultant. For example, you could take a social media course and use that knowledge to start your social media consulting business.

However, finding an audience or clients could be tricky with consulting businesses. But with time, you should be able to get a decent clientele once you build a solid resume.

4. Tutoring and Training

You could make money through online tutoring or virtual training programs if youre passionate about something or know something inside out like yoga, cooking, or mathematics.

Tutoring can be fulfilling since youll get satisfaction from the fact that youre doing something you enjoy while helping other people. Its not just about making money but also helping your clients build a skill for their goals in life.

5. Digital Marketing

If you have experience in marketing, you could consider establishing your own digital marketing agency. Its a great business to start because its low cost, plus youll be able to leverage your experience when building that business. However, if you dont have a background in marketing, you could still take courses to learn about digital marketing. You only have to learn how to use the various digital marketing tools; These are the tools youll use to deliver value to your clients.

6. Resume Writer

This business idea may seem odd to some. But, writing a resume or cover letter isnt as easy as you think. Thats why people hire experts to write professional resumes for them. So you could make some decent money from this business idea. The great thing about this business is that its very economical. You may need to take a few courses to polish up your skills. Also, remember that templates are your best friend.

7. Translation Service

You can find some translation jobs if youre fluent in a second or third language. Remember, not everyone has English as their first language. So, when they visit different destinations, theyll need translators.

Translation service is a very low-cost business to start. However, youll have to market yourself to increase visibility, preferably through online channels. You can advertise yourself to firms, hospitals, and conference centers.

Conclusion

There are several businesses that you can start with little or no money. Technological advancement makes it possible to establish online businesses with low costs. Gone are the days when you needed significant capital to launch a business. Nowadays, people have options. The ones mentioned above are just a few of them.

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7 Business Ideas You Can Start With Little To No Money - Baltic Times

Digital marketing expert sets out to upskill North East businesses – Bdaily

Marketing maestro Michael Knowles says he is on a mission to steer North East companies through todays daunting digital landscape.

Until early this year he spent five years working as a Speaker and Digital Skills Trainer for the Google Digital Garage Project, which provides free digital skills training for individuals and small businesses throughout the UK. During lockdown, as part of the project, Michael regularly addressed audiences of more than 20,000 through Googles YouTube channel. He also helped train many of his fellow trainers as well.

For two years he was a senior lecturer in Digital Marketing at Newcastle University and he has just been nominated as Marketeer of the Year in The Prolific North Marketing Awards.

Now, through his Tyneside-based business ROAR Digital Marketing, 38-year-old Michael is determined to help the thousands of SME and micro-businesses in the region compete with their better resourced and more tech-savvy competitors.

For many people digital marketing is a mystery which they dont have the time or staff to master. As a result theyre left behind when customers search online for the very product or service they provide, he said.

Using his expert knowledge of digital marketing, as well as his understanding of the way Google works, Michael has developed an affordable product called the SEO Bomb to help those companies rankings rise. The SEO Bomb provides the kit of parts strategy, clusters of topics, key words and statistical research which content must be written around to hit the appropriate digital buttons.

We do all the time-consuming work which would take up a lot of a marketing departments time, even if the business has one, explained Michael, who grew up and lives in Whitley Bay.

The SEO Bomb helps users and Google understand that you are the authoritative voice in your sector because you are answering all the questions and challenges that people are searching for online, explained Michael. Its transformative because it will make your company visible in a very short time. It will sky-rocket your rankings.

More than 100 companies have already bought the SEO Bomb. They include small businesses, corporate in-house teams, as well as PR, social media and web agencies who use it on behalf of clients to write more informed content.

Ive worked with other SEO agencies in the past, and they tended to provide a list of topics and keywords. ROAR, however, provides a detailed plan of action and a breakdown of their methodology, said Sarah Donnelly, the marketing manager of Tritility, one of ROARS clients.

She added: Their SEO bomb suggests topics, sub-topics and guidelines on writing style and structure. This is far more than anything Ive received working with other agencies. We have begun to see a significant uplift in organic conversions, and their reporting is also fantastic.

In addition to the SEO Bomb, ROAR which stands for Real Opportunities Actual Results offers a subscription DIY SEO product and provides a full digital marketing service for around 40 major businesses. Its customers have included Northumbrian Water, Royal Mail PFS, North Tyneside Council, and Inflo a multi-national software company.

By Mark Adair Correspondent, Bdaily

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help

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Digital marketing expert sets out to upskill North East businesses - Bdaily

Buying goods online coming from a non-European Union country

As regards information displayed on this page, the Island of Heligoland, the territories of Bsingen, Ceuta, Melilla, Livigno, Campione d'Italia and the Italian waters of Lake Lugano are subject to the same rules as non-EU countries.

As soon as you buy a product from a non-EU country, then effectively you become an importer and become liable to Customs and Excise Duty as well as Value Added Tax (VAT) payments. If the terms of sale do not specify another arrangement, the goods would normally be held by the Customs Authority at entry, pending the payment of duty and tax.

Customs officers examine packages arriving from outside the EU in order to:

On the basis of the data provided in the customs declaration, the supporting documents that accompany it and any information which they may request, the competent customs officers determine, impose and collect Customs duties that are due.

Customs duty is calculated as a percentage of the customs value of the goods:

See how the customs value is calculated in the EU Member States.

Customs Duty is not due for goods, provided directly to the buyer when their value does not exceed 150 euros.

This exception does not apply to perfumes and toilet waters, tobacco or tobacco products and alcoholic products which are subject to special limits on the quantity provided.

The import VAT is calculated as a percentage (VAT rate) of the taxable amount.

You can check the VAT rates applied in each country.

VAT is not due when the total value of all goods in a consignment (value not inclusive of customs duties or transport costs) is less than a threshold. The threshold may vary from 10 euros to 22 euros, depending on the EU country. Certain countries however, exclude mail orders from the exemption. This exception does not apply to tobacco or tobacco products, to perfumes or toilet waters and alcoholic products.

The import VAT may either be included into the overall delivery price or not.

The goods will be held by the Customs Authority at entry into your country, pending the payment of excise duty.

Rates of excise duty are set by each individual Member State. See the applicable rates for alcoholic beverages and tobacco products.

See which EU Member States apply excise duty exemptions for small gifts.

Cigarettes and hand rolling tobacco must bear health warnings and fiscal marks, and containers of spirits that are larger than 35cl must bear a duty stamp.

The Customs Declaration provides information to the Customs authorities about the goods that you are importing.

This declaration must be submitted by a person established in the EU or his representative who is able to present the goods to customs. In the ordinary case this could be the buyer, the company that ships the goods or the carrier who acts as a representative.

See national rules and procedures applicable to customs declarations.

If you are the person who submits the Customs Declaration, a courier company may offer to make the declaration on your behalf, but there is normally a charge for this service.

If you are not the person who submits the Customs Declaration, you should verify with the supplier that it is submitted.

The Customs Declaration should indicate correctly the nature of the goods and their value not taking into account taxes, charges, transport or other additional costs.

Some commercial websites will offer to show a value on the Customs Declaration that is much lower than the actual price paid so that the customer does not have to pay duty and/or VAT when the goods enter the Member State of import. It is in the customer's own interest to make sure that the declaration has been submitted and is accurate. If no declaration is made, or the information in it was found to be inaccurate, the acceptance of the declaration, and thus the delivery of the package to the receiver may be delayed or even not take place as the Customs officials are entitled to make further enquiries and impose penalties and sanctions as the case may be. The packages sent by post have to be accompanied by a CN22 or CN23 Declaration, as required by the special rules of the universal postal service.

The Customs Authority in your country is entitled to open and examine any package if it considers this appropriate. Packages might even be seized by Customs and, when appropriate, destroyed.

The customs clearance is the documented permission to pass that the national customs authority grants to the imported goods.

The customs clearance is typically given to a shipping agent to prove that all applicable customs duties have been paid and the shipment has been approved.

The shipping provider may charge a customs clearance fee or customs handling fee for processing the import declaration, an advancement fee for paying the duty and VAT on behalf of the recipient, an airline handling fee for loading and unloading the goods, a security fee for screening or x-raying the goods and a fee for preparing the customs declaration.

These charges will vary from company to company.

When goods are brought into the European Union by postal operators such additional charges are limited to the costs of the customs clearance procedure.

Member States cannot impose charges related to customs clearance higher than the actual costs incurred.

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Buying goods online coming from a non-European Union country

European Union e-Cigarette Sustainability Policy Proposals Report 2022: The New Rules on Batteries, Plastics, and Electronics – ResearchAndMarkets.com…

DUBLIN--(BUSINESS WIRE)--The "Sustainability Policy Proposals Affecting The E-Cig Sector In The European Union" report has been added to ResearchAndMarkets.com's offering.

The report identified the 11 EU initiatives we consider to be the most impactful for the sector. According to our analysis, among the initiatives we are tracking, the new rules on batteries, plastics, and electronics are likely to substantially increase the regulatory burden on the sector.

In the EU the e-cigarette industry is increasingly under regulatory compliance pressure with new rules that introduce obligations. Not only will companies be required to adapt to a new framework that applies to all other industries, but industry-specific negative environmental externalities and greenwashing techniques are in the spotlight more and more.

The aim of this report is to analyse EU legal developments related to the environment that are most likely to impact the e-cigarette sector.

Key Topics Covered:

1 Executive Summary

2 Scope of this report

3 EU sustainability policy agenda

4 Overview of sustainability and the tobacco and nicotine sectors

For more information about this report visit https://www.researchandmarkets.com/r/4lqfab

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European Union e-Cigarette Sustainability Policy Proposals Report 2022: The New Rules on Batteries, Plastics, and Electronics - ResearchAndMarkets.com...

Russia burns gas into the atmosphere while cutting supplies to EU – Reuters

MOSCOW, Aug 26 (Reuters) - Russia is wasting large volumes of natural gas by burning it in a huge orange flare near the Finnish border at a time when it has sharply cut deliveries to the European Union, scientists and analysts said on Friday.

Analysts from Rystad, an energy consultancy based in Norway, described it as an environmental disaster and estimated the amount of gas being burned off into the atmosphere was equivalent to about 0.5% of daily EU needs.

The spectacular flare can be seen in satellite images of Portovaya, site of a compressor station for the Nord Stream 1 gas pipeline under the Baltic Sea to Germany.

Register

Russia has cut flows through Nord Stream 1 to just 20% of capacity and plans to shut it down entirely for three days next week, citing maintenance issues with turbines. The EU accuses it of using gas as a weapon to fight back against Western sanctions over Ukraine.

Flaring is a common practice in oil and gas production, but the current level is unusually high and the timing is sensitive because of the Russian supply cuts.

Russian energy giant Gazprom did not reply to a request for comment.

Rystad analysts wrote: "Exact flaring volumes levels are hard to quantify but are believed to be at levels of around 4.34 million cubic meters per day. This equates to 1.6 billion cubic meters (bcm) on an annualized basis and is equal to around 0.5% of the EU's gas demand needs."

The flaring was first reported in Finland, which borders Russia, earlier this month.

Professor Esa Vakkilainen at the LUT University, Lappeenranta, said Gazprom may have been burning as much as 1,000 euros worth of gas per hour for the past two months, while flaring was damaging the atmosphere.

"So this is also a big environmental problem, especially for the North Pole area where this soot has definitely an effect on global warming," he said.

President Vladimir Putin has said that Russia, the world's fourth-largest emitter of greenhouse gases, will strive to be carbon neutral no later than 2060, while the EU and other countries have urged Moscow to bring the goal forward by a decade.

Gazprom cut its natural gas output by more than 13% from the start of the year until mid-August to around 275 billion cubic metres. Its gas exports outside the former Soviet Union have declined by over 36% to 78.5 bcm amid the standoff with the West over Ukraine.

While most domestic experts have said that Gazprom could simply turn off the taps to regulate production, the company still has to burn off excess gas.

"The flaring is an environmental disaster with around 9,000 tonnes of CO2 being emitted daily," Rystad said.

"The flaring flame is highly visible, perhaps indicating that gas is ready and waiting to flow to Europe if friendly political relations resume."

Register

Reporting by Ilze Filks and Vladimir Soldatkin; Editing by Mark Trevelyan and Hugh Lawson

Our Standards: The Thomson Reuters Trust Principles.

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Russia burns gas into the atmosphere while cutting supplies to EU - Reuters