Top Management Degree/ What is Business Management?

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BUSINESS MANAGEMENT OVERVIEW

As a business manager, you are given the major responsibility of managing administrative tasks foe a business. A company may expect you to assist with its marketing program. A company may also want you to perform a budget analysis in order to find out ways that the company can cut costs. You should have an astute understanding of accounting, marketing and administrative procedures that are required in order to run a business.

The competition for business management positions can be fierce. You should obtain a degree in business administration, accounting or marketing if you eventually want to obtain a business management position.

Salary

According to the Bureau of Labor and Statistics, the average salary of a business manager is about $77,000 a year. The position is expected to grow by at least 15 percent in the next ten years. Businesses will be facing increased demands as they try to adjust to online commerce. If you have a specialized knowledge of online sales, then you may find that you are easily able to find a position as a business manager. Companies will also be seeking individuals who have an accounting background and are able to cut down on the costs that a company faces.

Education Requirements

To become a business manager, it is essential to possess a four-year bachelor’s degree in administration, accounting, finance or marketing. If you have a special certification, such as a CPA license, then this can also be beneficial if you apply for a position as a business manager. Companies are now hiring individuals who can also assist with financial operations. You may need to do compliance work for a company to ensure that the company is adhering to the recently passed financial regulations. Companies are also looking for individuals who now possess a master’s degree in business or accounting. You should expect to obtain an MBA in management or accounting at some point in your career.

Skills Required

To excel as a business manager, it is essential that you have strong analytical abilities. You will need to foresee the demands that a company will face in the future. It is also important that you have an ability to work well with other people. You should be able to work with a variety of personalities. Employees will look to you for leadership and motivation. You should be able to inspire employees to excel in their work during high-pressure times for the business. You also may need to possess strong accounting skills if a business expects you to perform a budget analysis of its operations every month.

Responsibilities

Typically, the responsibilities of business managers involve overseeing operations, reviewing contracts and helping employees reach their top productivity levels. A business manager may also be called upon to supervise or train new employees. He or she may also need to assist with planning certain events for a company. A business manager plays an important role in the operation of a company, and it is essential that he or she can deal with heavy loads of stress.

Home Business Ideas/ General Business Climate in Pakistan by [Idopedia]

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There are many talented and skilled professionals in Pakistan and Asian countries in general. The country also boasts an astonishingly large supply and variety of raw materials and goods.

In Pakistan, there are almost 3 million SMEs.1 These small and medium enterprises (SMEs) account for about 30 percent of the country’s GDP. However, these small businesses face various challenges. They struggle with securing loans from banks, commercial disputes, and taxation issues. Also, many Pakistani entrepreneurs are unable to access essential business training. Due to these various issues, most SMEs won’t ever hire more than five people.

Despite these challenges, you can become a successful entrepreneur in Pakistan with the right skills, business ideas, and knowledge. Lucky for you, that’s the essence of this article.

12 Home Business Ideas in Pakistan for 2021

#1: Poultry farming

Poultry farming is a profitable venture that requires very little capital. Additionally, the Pakistani market has a consistent and high demand for poultry. All you need to start up is some space for your chicken hutch and a small amount of money to get the chicks and feed.

#2: Online virtual assistant

Becoming an Online Virtual Assistant is in no way a new business idea. It is a great business to launch in Pakistan if you intend to stay home full time. You have access to clientele from all around the world, and all you need is power, a suitable device, and an internet data connection.

Do you live in a place with little to no support for most enterprises? Or are you in an area where the competition is high because of the various entrepreneurial ventures? If so, then becoming a virtual assistant is just perfect for you.

If you want to start a business as an Online Virtual Assistant, it is best to choose a niche that you can focus on and develop yourself in. This will afford you the opportunity to stand out and make a difference.

#3: Custom T-shirt Printing

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The textile manufacturing industry in Pakistan is growing and has the potential to be an income-generating venture. Printing customized t-shirts can be a good business idea as long as you have the requisite skills. Thanks to online courses and DIY videos, you can learn these skills easily and at very little cost. With time and practice, the skills will get better and better.

Custom T-shirt Printing will not just serve individuals, but it will also serve growing online businesses that specialize in selling customized t-shirts.

The process of setting up a T-shirt printing shop is easy, compared to other manufacturing facilities. It also costs little. To do so from home, you need to clear up a part of your house that will be your workspace. Then you need your printing materials and equipment, and voila, you’re good to go.

Once your printing shop/space is ready, you can showcase your products on different online platforms like Alibaba.com. You can also reach out to as many online t-shirt company owners as you can, and let them see your work. You may then offer them a proposal that includes reasons why they should change their supply chain to use your services.

#4: YouTube content creator

YouTube has provided a platform for many people to earn handsomely from their homes. As a YouTuber, you make videos and then make money from those videos. All you need to have is a unique idea or skill that you want to share with the world, a proper set-up, and then video making and editing skills.

Being a YouTuber is a great way to have fun while making money. However, you have to be committed and hard-working to get to the place where you become a household name. Dedication is key.

You may need to invest in several personal development courses, and have a chosen area of interest that you specialize in. YouTube channels that deal with areas like crocheting, cooking, lifestyle, and travel have lots of following. Have a plan that helps you stay on track and consistently follow your YouTube channel’s goals.

#5: Makeup artist

Many people are not courageous enough to take up a career in the makeup artistry. But while it may seem like a tough path to take, it is possible to have a successful career as a makeup artist — even from home. You don’t need to have a beauty salon.

Many Pakistani women consider makeup to be an essential part of their lives. No matter where you are situated, there is an opportunity to succeed if you just put your heart into it.

You must practice continuously (friends and family are available for this reason!). Be sure to be in the loop on social media. Study existing makeup trends.

Quality makeup products can be expensive and you may have to learn the skill professionally. But once that is done, you can earn a good income from your home. You can boost your business reach by putting your work online, blogging, or getting a website.

#6: Photography

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Photography is a perfect skill to have if you want to work from home. When you are not having individual photo sessions with clients or covering events, you have the rest of your time to do as you please.

Photographers are needed in every event. From birthdays to baby showers to bridal showers to weddings, funerals, and even corporate dinners, photographers are an important part of most events.

Once you acquire the skill, all you need to invest in is a good camera. There are free and paid photography courses in Pakistan. You can also develop your skills through online training. As with other skills, more practice will make you a better photographer.

Create a portfolio, do a couple of volunteer photography for a wedding or a corporate event and distribute your photographer’s business cards. You are ready to start a photography business.

#7: Freelancing

Freelancing means working as an independent service provider rather than as an employee of a company. Freelancers are often considered to be self-employed. They have the freedom to pick and choose their projects and companies that they would like to be associated with. They are often referred to as independent contractors.

In recent years, freelancing has become one of the most profitable small investment businesses in Pakistan. Although it is not the easiest thing to do (there’s often a lot of competition), once you have a personal brand, you can carve out a niche for yourself and stand out in your chosen field. Just ensure that you are exceptional at what you do.

#8: Graphic Designing

A graphic designer takes information from a person and turns it into alluring visual content. Graphic designers are responsible for creating many things that you see and use every day. This includes branding, books, magazines, apps, adverts, packaging, logos, badges, maps, and websites.

As a graphic designer, you’re not just limited to designing logos, books, and brand packaging. You could be an artist, a motion designer or a concept artist. These are skills that can be learned online for free or for a fee.

If you are working from home, you can be a freelance graphic designer. You’ll work with some amazing, creative people while having the desired flexibility in your career. As a self-employed graphic designer in Pakistan, you must be flexible. You can offer your services on different freelance platforms and work remotely.

#9: Tourism agency

More and more, Pakistan is opening its doors towards tourism. This profitable business is sure to become even more profitable as more tourists find their way into Pakistan. The country has the opportunity for growth within the tourism industry as some of its local political and war-related tensions have calmed over the years.

Tourists will need guides because of the language barrier. The local tourism agency is designed to provide a rounded local experience for the tourists, in exchange for a fee. You can start this business by setting up a simple website that offers your tourism services. Then go on and map out the top 5 things that tourists must do to get a good feel of Pakistan.

Then you could rent a van and take your clients on these local experiences. A unique perk to this business is that you get to meet different people and have exciting experiences while you’re on the job.

#10: Real estate business

This can be done on a part-time basis. All you need to do is to keep an eye on potential opportunities for real estate investment around you. Then you can have a platform where buyers and sellers get to connect. You get a commission for whatever sale is carried out through you or your platform. This is a very convenient and stress-free way of earning money.

With time, you may even be able to bring on employees as your business expands, who may also choose to work remotely.

#11: Home-made food production

Pakistanis prefer homemade food. If you need low investment business ideas, try preparing homemade food and making it available to those who are away from home. This can prove to be a very profitable business idea to go on within Pakistan.

You may choose to set up a kitchen to specialize in a particular type of food that is loved by a large number of people in Pakistan. An example is Halal. Halal refers to food material, ingredients, and production process, which is permissible for Muslims to consume.

Pakistan is the second largest Muslim country in the world. As a result, Halal breakfast and dessert dishes are more popular than ever. You could set up a Halal kitchen to make different creations of various meals upon request.

#12: Social media/online marketing

Social media and online marketing are currently booming in Pakistan. The basic things to have to start a social media or online marketing business are a laptop or a mobile phone, power, and internet connection.

This type of zero investment business does not require a lot of skill. All you need is to understand the basic use of social media and how to promote or advertise any small or large business on various platforms.

Social media marketing is a key tool to help manufacturing companies and industries in Pakistan reach new customers. If you are interested in social media marketing, you can start your business by offering your services to a local business such as a Halal food vendor or maker of herbal medicines.

Help the business owner reach their target customers and potential clients, and they will pay you handsomely for your services. If you are good at what you do, you will stand out. Your business in Pakistan can grow to other industries with time and thus expand your clientele.

4 Great Business Ideas to start in 2021 [Idopedia]

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1. Freelance Copywriter

If you’re a natural wordsmith with a bit of marketing knowledge, you can establish yourself as a freelance copywriter. Whether you write blogs, web content or press releases, plenty of companies will pay for your services. You can increase your value by bringing SEO knowledge to the table to help your clients craft a strategy to attack specific keywords that their target audience is already using in their online searches. Most freelance copywriters charge $40 to $50 per hour, but those with expertise in a given vertical could charge even more. Freelance copywriting is a great business to run, because as long as you have an internet connection, you can work. It’s a business that you can operate from the comfort of your own home, or even from the road if you travel.

2. Digital Marketing

The importance of the internet grows with every passing day, making it harder all the time for businesses to cut through the clutter and properly market themselves. Digital marketing services are always in demand, and many small and midsize companies would rather outsource it than establish a costly in-house team. If you’ve got chops in SEO, content marketing, pay-per-click, web development or social media management, you could have a business opportunity that allows you the freedom to work from home.

Digital marketing is an important part of a brand, so it’s critical for you to respond to developments in your clients’ marketing strategies. Social media management entails watching for comments and messages around the clock, not just scheduling posts in a “set-it-and-forget-it” mindset. If you enjoy strategizing and implementing plans meticulously, digital marketing could be the right business for you. You may also consider becoming an affiliate marketer, which is another from of digital marketing.

3. Food Truck

With indoor dining limited in many locations right now, aspiring restaurateurs might find more success with a food truck. Food trucks come in all shapes and sizes, serving up a wide range of snacks and cuisines. Take your favorite style of food on the road and sell your culinary passions directly to hungry customers. Sure, you’ll be working, but you’ll be in a space you’re passionate about, with a chance to connect to people who have similar interests. 

4. Lawn Care Service

If you grew up with a lawn, chances are your parents made you take care of it. For many of us, lawn care is bothersome, but for some, it offers a sense of peace and serenity. Working outdoors with your hands to tame and beautify the natural landscape can be a rewarding experience, and since so many people find the work tedious, it can also be profitable.

Lawn care services require little more than some basic equipment, a trailer and perhaps some staff, depending on how many clients you have and how big the jobs are. You can quickly grow a small lawn care service into a full landscaping company by offering premium services and establishing a reputation as a brand that does a thorough job with a smile. If you like working outdoors and creating elegant landscapes, this could be the business for you.

The 5 Most Profitable Business Opportunities in 2021 [Idopedia]

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Sell handmade products

If you always enjoyed making and building stuff as a kid, selling DIY products is a great business opportunity to monetize your creativity. Even if you have the will to create something new but lack the know-how, there’s a way to make it happen.

Take Josh Pigford, founder of Baremetrics (a SaaS company) and Cedar + Sail (a handmade homewares online shop), for example. What started as a part-time side project quickly became a profitable online business opportunity to stimulate his creative side and sell products he makes by hand.

“I’m a sucker for little things that go on side tables and desks, so I started playing around with some ideas for concrete planters—the kind of thing that can hold succulents and air plants,” Josh says. If you’re not sure what to sell, start by looking around your own house. What’s missing that you wish you had? Is it a concrete pot? Colorful artisan bed covers? Then do some online research to see what’s selling. Are big stores like Target, Amazon, or West Elm selling similar items?

Become a self-published author

Do you love to write? Have you ever thought about publishing your own book? Well, good news. Becoming a self-published author is one of the best small business opportunities for you.

Self-publishing just means that you don’t work with an established publisher to manage the editing, design, and production processes of making a book. Instead, you do it on your own. With no real shortage of readers on the internet, there’s plenty of space for you to make and sell an e book or audio book and turn a profit.

Sell pet products

An online pet store is one of the most fun business opportunities, because you can sell a huge variety of products. Many people treat their furry friends like children and are willing to spend money to make sure they are taken care of. For example, you could sell everything from organic foods to luxury accessories, beds and apparel.

Whether you want to run it as a drop shipping business or sell homemade treats, the pay is good, the work is rewarding (who doesn’t want to make dogs happy?), and people will never stop spoiling their pets—which means job security guaranteed.

Go freelance

Freelancing is one of the most common online business opportunities. Being a freelancer means you’re self-employed and not committed to a long-term employer. It allows you to take your office wherever you go and essentially be your own boss.

With the rise in remote work and the gig economy, you’ll be on your way to a successful online business by going freelance. It may be competitive, but if you have a set of skills you’ve built over the years, or even one you want to learn, there’s money to be made.

For example, you can turn skills like web design, SEO, marketing, copy writing, or app developing into a profitable home-based business.

Sell your expertise

Do you have a service-based small business like landscaping or gardening? The federal government has a ton of departments that could use your expertise. You can land a contract for different gigs, including tree removal, snow removal, weed control, grounds maintenance, and more.

Is Amazon in Pakistan?/ Idopedia

Image by Govt.Pakistan

Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood said on Thursday that Pakistan would be added to e-commerce giant Amazon’s sellers list within the next few days.

“We have finally made it. We have been engaged with Amazon since last year and now it’s happening. It is a great opportunity for our youth, small and medium enterprises and women entrepreneurs,” he said.

“An important milestone of the e-commerce policy has been achieved through teamwork by many people across the globe,” he said.



Pakistan has remained off Amazon’s list of sellers despite the company’s presence in neighbouring India. Pakistani retailers wishing to sell their products on the marketplace would register their companies from other countries, in an effort to bypass Pakistan.

However, after being added to the list, Pakistani merchants will be able to sell their products on the platform with ease. But this does not mean much for Pakistani consumers; it will mostly benefit Pakistan-based merchants that want to sell their products abroad.

Meanwhile, Special Assistant to the PM on Political Information Dr Shahbaz Gill said that the current government had achieved something that had not been achieved during the last 10 years of the country’s history.


“Amazon has included Pakistan in its list of sellers. With this development, Pakistan has now joined the international market. This will result in billions in investment and produce employment opportunities. Thank you Imran Khan,” he said.


Last year in June, the Ministry of Commerce had said it had shared the names of 38 exporters with Amazon for registration to promote trade and explore new markets for Pakistani exporters.

The details were shared during the second meeting of National e-Commerce Council, which reviewed the implementation of various policies at federal and provincial levels for the promotion of e-commerce.

“Initially, a list of 38 exporters have been communicated to Amazon, which is limited to surgical, sports goods and home textiles sectors,” the commerce secretary had said, adding that the list will be expanded to other sectors in near future

5 Best Business Ideas to Make Money

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1. Personal Shopper

Do you often get praised for your eye for fashion trends? Are you someone who friends and family come to for clothing advice? Personal shopping can be a business that builds on those skills. Personal shoppers find clothing items for clients who are struggling to find their personal style. Duties involve evaluating your client’s wardrobe, visiting websites, and picking items that will suit them. There are all sorts of products on all kinds of Online clothing boutiques so you don’t necessarily have to shop offline to get this business started. Plus, you don’t need to hold any special certification or degree to become a personal shopper. If your interests lie in business ideas with low investment, personal shopping might be the ideal route to consider.

2. Online Tutoring

If you’re an expert in art, maths, or another subject, you can start the business of online tutoring. An essential prerequisite is having a bachelor’s degree in the subject you intend to teach, so make sure to cover this area before you get started. You can find online tutoring clients on sites like Skooli and tutor.com. For the best results, always teach subjects that relate to your area of expertise because you’ll be able to share your skills and constructive knowledge to enhance

the learning experience. You can deliver lectures and interact with your students over Skype, making online tutoring one of the easiest online businesses to start.  

3. Greeting Cards

Greeting cards are always in style, so if you have a good eye for design or just love showcasing your artwork on physical items, this is one of the best creative business ideas for you. Before you can start looking for clients, you’ll need to have a handful of designs ready to go. Tools like Photoshop and canva make it easy to create custom card designs. Additionally, you’ll need to stock up on supplies required to create greeting cards (ink, paper, etc.). Here’s a pro tip: if you want to keep costs low, buy your supplies from a wholesaler. Once you have the inventory sorted, start generating revenue by marketing your business on Facebook, Etsy, and other similar platforms.

4. Software Education

Do you have acquaintances who lack proficiency in computer software? If so, you can set up your own software education business and enroll students on a monthly basis. Pupils might include entrepreneurs looking to build on their IT skills, or other small business owners looking to master software like Excel and PowerPoint. If you have the expertise, you can lead from the front by teaching most of the classes. As your business grows and more people sign up for your programs, you can hire freelance software experts to teach students based on their area of expertise. Although you can rent out space for classroom lectures, consider hosting virtual classes to keep costs low and expand your business to international markets. 

5. Meals-to-go

Seriously, there is no end to the line of people who struggle to find time to cook nutritious and healthy meals. This has led to a rise in meals-to-go-businesses offering all kinds of cuisine options. You can capitalize on this trend by starting your own meals-to-go business right in your city, state, or neighborhood. Contrary to the popular belief, you don’t actually need to invest in designing a large commercial kitchen. A meals-to-go business can also be managed from a shared rental kitchen. These places are usually equipped with all the essential supplies and can be rented by the month, day, or hour. You can find shared-use, licensed commissary kitchens through websites like the kitchen door.

What is Affiliate Marketing?

Affiliate marketing is an online sales tactic that lets a product owner increase sales by allowing others targeting the same audience —“affiliates”—to earn a commission by recommending the product to others. At the same time, it makes it possible for affiliates to earn money on product sales without creating products of their own.Simply put, affiliate marketing involves referring a product or service by sharing it on a blog, social media platforms, or website. The affiliate earns a commission each time someone makes a purchase through the unique link associated with their recommendation.

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How does affiliate Marketing?

To participate in an affiliate marketing program, you’ll need to take these five simple steps:

  1. Find and join an affiliate program.
  2. Choose which offers to promote.
  3. Obtain a unique affiliate link for each offer.
  4. Share those links on your blog , social media platforms, or website
  5. Collect a commission anytime someone uses your links to make a purchase. Commission rates vary dramatically, depending on the company and the offer. On the low end, you’ll earn about 5% of the sale but, with some arrangements, you can earn as much as 50%, usually when promoting a class or event. There are also affiliate marketing programs that provide a flat rate per sale instead of a percentage.

Benefits of the affiliate Marketing model

Affiliate marketing offers several benefits to affiliates (i.e., you), one of which is its ease. Your side of the equation simply involves handling the “marketing” side of building and selling a product—educating customers. You don’t have to worry about the harder tasks, like developing, supporting, or fulfilling the offer.

Affiliate marketing is low risk. Since there’s no cost to join affiliate programs, you can start making money with an established affiliate product or service without any upfront investment. Affiliate marketing also can generate relatively passive income through commission—the ideal money-making scenario. Though initially you’ll have to invest time creating traffic sources, your affiliate links can continue to deliver a steady paycheck.

Finally, successful affiliate marketing offers the potential to significantly scale your earnings without hiring extra help. You can introduce new products to your current audience and build campaigns for additional products while your existing work continues to generate revenue in the background.

Creating a plan to promote your affiliate offer

As we mentioned earlier, affiliate marketing revenue eventually can become a form of passive income, but you still have to do some heavy lifting up front. The success of your program will depend on the quality of your review. To create a good review, it’s best to get personal. Share your experience in your blog, social media post, or video. If you’re writing a personal review, give a candid opinion based on your experience with and knowledge of the product. The more open you are, the more authentic you will be. People will be more comfortable following your advice if they feel they can trust you.

Trust is a key factor in your affiliate marketing efforts, because people need to trust you enough to act on your recommendations. The level of trust you’ll need to make affiliate sales depends on your industry and the products you’re recommending—for example, it takes more trust to be an effective affiliate for a $1,000 course than it does for a $20 t-shirt.

Beyond just sharing your experiences, you can build trust by limiting the number of affiliates you promote, or by only becoming an affiliate for products you personally use, and sticking to your area of expertise. For example, people trust my recommendations for Canadian financial apps, but that does not mean I’m going to have much luck as a Sephora affiliate.