How to Turn Your Passion into a Career

Mar 29, 2018

Having a passion usually transcends into having a goal you one day wish to accomplish. However, whether you pursue that passion or not is up to you. If you in any way believe you can make a viable company out of your passion, you have to go for it. Life is too short for missed chances, and starting your own company doesn’t have to come with financial stress. Instead, you can do a lot of the legwork and even start your own business on the side, and continue to work on it until you are comfortable enough with quitting your day job.

The only issue you need to worry about is scalability – will you be able to increase your reach and your product distribution as your customers grow? If you think your idea can make it, follow this guide on how to turn your passion into a career:

Creating Your Brand

Before you can worry about anything else, you need to create your brand. There are several components to creating a strong brand. These include your name, your slogan, your values, your product, and your image. Only once you are sure of who you are and what your company is, can you then move forward with the other steps.

During this time you will also want to create your branding. This includes your logo and general image that you can use to advertise and create a cohesive theme on every platform you are on. If you don’t have any experience or talent in digital design, you can easily hire a designer or use an online marketplace to find a logo that speaks to you.

If you don’t want to spend money, however, there are many free tools and tutorials for you to use. You could, for instance, download the free trial of Adobe Photoshop or Illustrator and create a logo in the trial time and use that. You could also opt-in for Adobe’s photographer subscription which allows you access to Adobe CC Photoshop and CC Lightroom – two very important programs for all content creators. You should remember the importance of having a well-designed and cohesive logo though, meaning turning to a professional is sometimes the best option in such circumstances.

Creating a Solid Business Plan

Once you know who you are and what your company is, you need to create a business plan. A business plan is a short and succinct plan of not only what your company is but how you will make it into a success. Think of it as a blueprint for your future. You don’t want to over-do it with your planning, of course, because your situation will change. Instead, revisit your business plan often to update it and refresh your memory.

Finding Funding

You can also use your business plan to help you acquire funding in the form of a loan or an investment from a third-party. Other ways to find funding include your savings. If you are just starting out and don’t have any costs, you could instead make a savings plan so that you can have a financial buffer for your company if you so need it.

Creating a Website

When you start a business on the side, chances are you won’t have an office or retail space to work from. These options are simply too expensive for something you want to do part-time. However, you can rectify this issue by investing in a website. Websites allow you to build a community and find customers around the world, right from home. They can also be very affordable, depending on the plan you choose.

For those of you who want to sell products, it is best for you to think about cost-effective options such as WordPress, as this allows you to start your business with minimal costs. You will also have to choose a Content Management System (CMS). A CMS like WordPress is a great option due to its vast community and the sheer number of plugins you can use to customize any website. Knowing which WordPress hosting option is best for you can help you start your online business without unforeseen hiccups appearing. Use the right host, and your website will be fast and running like a dream.

Going on From There

Once you have your business plan, branding, and your website, it’s all about marketing and growing your community. You will want to opt for free marketing tactics using social media in the beginning, so that you can grow an organic community without any upfront costs. Aim to be genuine and create real relationships with those you meet online. They might become a business partner or future customer, so it’s always best to build a solid foundation to help you turn your passion into a career.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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