13 ways to make and save money from your garden

Reading Time: 12 mins

No matter how small your garden may be, you can earn a sweet mint this summer with some of our clever outdoor money-making ideas. From using the soil for growing saleable produce to renting your garden for private functions, there are loads of ways to earn pretty pounds from those lovely petals. Here are a few tops tips on how to make money from your garden.

Organic is big business these days. Celebrity chefs, supermarkets and health food stores tell us the benefits of organic produce for us and the environment all the time, and with a return to thrifty ways thanks to the recession there’s never been a better time to go out there and grow your own. You could even cut out the middleman and sell directly to individual customers.

 

Grow edible flowers

Edible flowers

Yes, really. Gourmet and health food stores do stock edible flowers, and at restaurants plenty of chefs include flowers in recipes as well as to garnish dishes. They might not be tasty on their own but with a few other key ingredients you could have a winning combination. The key is to work out what’s edible and what’s saleable.

The dandelion, for example, is actually a great salad ingredient, and makes a great wine! Remember that certain flowers can only be used for decoration, such as daffodils, azaleas and rhododendrons. They’re not safe to eat – so if in doubt, always check. Roses, violets, pansies and daylilies are all popular and saleable edible plants you could grow. The good news is you don’t need a huge garden to grow them.

all you’ll need is:

  • Some varieties of popular edible flowers
  • Organic pesticides and fungicides
  • A designated plot in your garden

Before you start planting, consult your local plant nursery to find the best way of using insect deterrents to protect your plants organically. A compost pile is ideal for providing naturally enriched soil to use. If you’re going to eat your produce, be aware that you can’t use normal chemical plant agents.

When it comes to harvesting your edible flowers make sure to do it whilst the temperature is cool: early in the day after the morning dew has evaporated is ideal. Remove all the pollen parts of the plant, and keep the long-stemmed flowers in water inside the fridge. Place short-stemmed flowers between moist paper towels or keep them loose inside a plastic bag – and that’s all it takes.

Your flowers will be good to eat fresh for about a week. Approaching local restaurants or food stores is a good way to sell your flowers, and you’ll need to put together some photos, pricing and growing information. In order to trade directly to households, consider creating a blog page, or place adverts on eBay, Gumtree or Craigslist.

 

Sell medicinal plants

Medicinal Plants

A lot of the same edible plants can also be used and sold for medicinal purposes – you just need to add an extra step and dry your plants to increase their shelf life. Stick to perennials that don’t require annual planting or germination.

Medicinal herbs and plants are great because they can flourish in the shade or harsh sun, and require little water or attention. You’d be surprised at what already grows in your garden that’s medicinal. The roots and flower-tops of the dandelion can be dried and sold as a tea or a body tincture. They’re meant to aid liver and gastrointestinal detoxification, work as a digestive and as a diuretic, and they also contain plenty of antioxidants.

A common weed with a stock of medicinal qualities is the plantain – it’s great for killing bacteria and reducing swelling on wounds and insect bites. Another perennial, lemon balm, belongs to the mint family and treats viral infections, shingles and cold sores. Use it as a tea to bolster the immune system in overcoming cold and flu symptoms – it’s also good for helping you get a good night’s rest.

The market for selling medicinal herbs is more likely to be a domestic one. Your knowledge of their use is just as important in selling the plants as the plants themselves, so it’s vital to do your research beforehand into all the plants and herbs you’re interested in growing for sale and distribution. People are more likely to buy from you – and continue to buy from you – if you’re confident and secure in the information you can provide.

Remember: Even though these plants are generally considered safe to use as a natural homeopathic medicine, you should always evaluate their risks and benefits to certain people and their illnesses, especially when used in conjunction with other prescribed medicines. If in doubt, go without until you’ve got more information and advice.

 

Propagate seedlings

Seedlings in a box

Many don’t have the skills to nurture seeds into life and choose to skip this stage and buy already-established seedlings. You can profit from this by doing the hard work for them. You’ll need:

  • Good-quality seed compost – normal soil won’t cut it as the physical structure won’t be up to scratch, and potting compost has too many nutrients, putting your seedlings at risk of fertiliser damage.
  • Somewhere for the seeds to grow – think somewhere warm and humid with seed trays. This could be a greenhouse, a conservatory or even just a propagator, which is a seed tray with a lid like a fish tank.

Make sure you do your research to get the best results Fresh seeds are key and will ensure that you grow the best-quality seedlings possible. A watering can is a must, but take a look at your seedling packet’s instructions to see if they have any specific needs.

 

Start an organic market garden

Vegetable garden

This’ll require a lot more time, knowledge and money so it’s probably not for you if you’re not especially green fingered. Be aware that larger garden farms will cost more money to establish and maintain. For small-scale growers, we’ve got an article on growing your own fruit and veg here. Staple and seasonal vegetables are a good entry point.

Remember to stick to the basics first before you start attempting to grow more exotic foods. Selecting produce that’s in season and can easily be grown in your local conditions will be easier and require far fewer resources to grow. Don’t worry about growing ‘perfect’ looking produce – buyers will know it’s the taste that matters.

Advertise locally, with flyers and business cards that you may put up in other local shops and eateries. It’s a good idea to hold weekly or monthly markets. You could even join forces with the neighbours and see if they’re willing to grow some produce in their gardens. If they are you could have a regular street market, cashing in on all your varying produce.

Running a market can require a lot of time investment (as will gardening all the produce), so be mindful of how large a market you can actually handle and how much time and money you have to invest. It’s probably worth buying small tools that you’ll be using regularly that you don’t already have, while larger machinery you’ll only be using occasionally should be borrowed or hired.

Local tool hire companies can be found in the Yellow Pages or on Gumtree. Because the ‘fruits of your labour’ will take several months to become available, you’ll need working capital to finance supplies, living expenses, wages and organic certification fees. For an idea about evaluating assets and setting targets for the market, see Scott Kelland’s advice on starting a market garden.

 

Hire out your garden as allotments

Garden Allotments

It’s not just seasoned gardeners and the hard-up who are growing their own fruit and veg – since the recession plenty of people have discovered a green tinge to their fingers. City dwellers are in on the act too, and if they haven’t got the space to get growing at home they’re looking for land elsewhere. Enter you and your garden. Waiting lists for council lots can be huge, and if you’ve got spare garden space you could make a bit of extra cash by renting it out to others.

If you live in London, waiting lists are exceptionally long which means you could charge more and still find keen tenants. You do need to have spare space, enough to feel comfortable giving a proportion of it away. Access is also an issue – if you don’t have a side gate to your garden (or can’t put one in), you might have tenants coming through your house to get to their plot.

You could also use Spareground; a website where you can advertise your unused land and  find a tenant to take care of it.

 

host garden parties

Garden Party

If your garden’s big enough and you don’t mind the intrusion then why not hire it out for parties? Save yourself hassle from the start and stick to hiring your garden out exclusively for children’s parties. There’s no alcohol, no late-night noise pollution and less mess. You could even provide catering and children’s entertainers (or do it yourself if you’re feeling brave).

The whole party can come as a packaged deal in your own garden for a nice profit. You’ll need to provide a marquee or gazebo in case it rains. Tables and chairs, games, and a music and PA system are initial financial outlays. You should expect to be asking about £800–850 to cover your expenses, time and effort. This will make it worthwhile.

If this idea is for you, make sure you get adequate insurance and liability cover. Child-proof the garden and be mindful of health and safety considerations – make sure your first aid kit is well stocked.

 

Hire out your garden as a campsite

Family camping trip

This is again likely to be better for bigger gardens, but letting campers into your garden is a fun way to make a bit of extra cash. If you’re near places of interest or areas of outstanding natural beauty you could be onto a winner.

The Garden Caravan Site in Norfolk has done just this and they charge £15–20 per pair per night. If you’re doing this occasionally for acquaintances it shouldn’t be a problem, but if you’re looking at developing it into a more permanent project or have general questions, we suggest you get in touch with your local authority. Planning Portal has good guidance on whether you need special permission.

 

Hire out your garden to painting groups

Painters in the garden

If you have a truly lovely garden, with lots of space for sitting, you could offer it to local art schools or holiday painting groups to paint in. Offer an all-in package including refreshments, lunch and even a cool lounge to relax in and you could charge in the £100s. Of course, this is only useful for people with a special garden with lots of nooks and crannies, great views and fascinating plants, as well as an attractive home to visit.

However, if you have these and the leisure to look after people, then contact local colleges, adult education establishments and even the local tourist office to let them know you exist. Send photos and a list of charges for different packages (a price for using the garden only, a price for garden and refreshments etc). If you’re more entrepreneurial you could set up classes yourself. Bring in an art teacher and advertise one-day or hour-long classes for locals and visitors.

 

Host an open garden event

Garden and tea service

If you have a sizeable garden that you take good care of, then a way to make money is to show it off to the public by staging an open garden event. This is where you open your garden to the public, like artists do when they hold open studio days, and you can charge an entrance fee or offer drinks or cream teas to visitors to make some money.

Most open gardens are staged to raise money for charities or worthy causes, such as repairing the church roof. If this is why you’d like to open your garden then you can advertise online at The National Garden Society or Open Gardens so your chances of a good turnout are increased. You can also serve refreshments to raise more money, and if you wanted to you could take a cut of the money raised as payment for your hard work. A lot of open garden events are only staged annually, so you have a whole year to prepare your garden for the event and that way you don’t have to obtain a license from the council.

 

Start a beekeeping business

Bee Keeping Equipment

Did you know that it’s better for your immune system if you eat honey that’s made locally? It’s especially good if you suffer from seasonal allergies, like hay fever. Local bees will obviously collect nectar and pollen from local plants. Then, the honey they make contains a bit of pollen. Urban beekeeping is becoming more and more popular. Plus, you don’t need a lot of space to keep bees.

In New York, it’s become all the rage to keep bees on your roof! There are around 44,000 beekeepers in the UK, 95% of whom keep bees as a hobby. Looking after bees is surprisingly simple, you just need a couple of hours a week as they’re otherwise pretty self-sufficient. If you’re planning on keeping bees it’s probably a good idea to tell your immediate neighbours. Just in case there are any allergy sufferers around!

Bees aren’t as vicious as wasps, as they don’t sting for the sake of it. They are mainly interest in nectar and pollen, so there shouldn’t really be a problem. With one hive you can expect to harvest about 40lbs of honey, and what you don’t keep for yourself you can sell at local farmers’ markets and shops!

If you’re not interested in keeping bees, but don’t mind someone else using your garden for it, then why not host a beehive? You’ll no doubt get a lot of free honey from it! For more on urban beekeeping, try Urban Bees. You might need to be careful though. Many amateur beekeepers end up killing their bees by not giving them the right care and attention. Poor hive hygiene, overdosing and under-dosing with drug treatments and using illegal chemicals could kill off your bees.

 

Open your garden to the public

Tourists in a garden

If you have a particularly nice garden, why not open it to the public? Some 4,000 gardens in England and Wales take part in the National Gardens Scheme. The money raised is donated to charity. Although you can’t really make money, it’s a great way to showcase the fruits of your labour. Plus, you’ll meet new people who share your passion. The size of your garden isn’t critical, and many NGS plots are typical back gardens.

You don’t have to have a huge grand garden to join. Most people are interested in a good range of plants and flowers. It is not necessarily about the size. It’s a great way to meet new people, have a cup of tea and chat about gardening. But remember, you can’t charge people for tea unless you go through hygiene and health and safety hoops. The NGS say that most people exhibit their gardens once or twice a year. This means you don’t have to worry about finding strangers in your garden all the time!

 

Get free gardening equipment

Free gardening equipment

Gardening doesn’t come cheap. This is certainly the case if you’re just starting out. One of the best ways to try and cut your costs is by trying to get free gardening equipment. Community freebie sites such as Freegle, SnaffleUp, Gumtree or Freecycle are useful.

For whatever reason, people will always need to shift some of their stuff. People are giving unwanted goods away for free! You never know what you might find that could be useful in the garden and home. So, before you head down to buy your gardening must-haves, take a quick look. It’s also worth having a root around your local recycling centre – one person’s junk is another’s treasure. You might be surprised to discover what people throw away in order to make some space. Good-quality and rarely-used gardening tools often end up on the ‘junk’ pile.

 

Get free gardening seeds

Free Garden Seeds

Ask family and friends for cuttings or any spare seeds they might have to help your garden grow. You could arrange a swap so that you have a range of different plants and seeds. Many people buy seeds but end up storing them away never to be used. So, you may be surprised that plenty of people would be willing to donate them to a good home.

Lots of gardeners will also be happy to furnish you with free cuttings from plants they already grow. You might want to check out gardening swap sites like Garden Swap Shop. Most are free to use, and allow you to swap seeds and plants with other community members.

 

Ask your money-making questions

The Magpie community is full of savvy money savers and makers – and now’s your chance to ask your burning questions!

The new MoneyMagpie Messageboard brings together the Magpie community, MoneyMagpie team, and vetted experts to make sure your essential money-making questions get answered.

Take a look here and register to post a new thread or reply.

The post 13 ways to make and save money from your garden appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/13-ways-to-make-money-from-your-garden-2

5 Steps for a Successful Business Shift to Online

Home Business Magazine Online

The way that business is conducted has changed dramatically over the past couple of decades. There’s been a substantial shift to the online realm as businesses have realised they can reach a much bigger audience via the internet. This shift has happened to almost every industry, including fashion brands like Gucci and supermarkets like Waitrose. Even the casino industry has moved online. While some offer both online and physical games, sites like Platincasino only provide online games which allow people to play from anywhere. If you want to move your business online, follow these five simple steps!

Choosing and setting up a server

When shifting your business online, you must first decide where your site will be hosted. There are two main options for business websites. You can use tools specifically designed for web stores, such as Shopify, or create a site and add plug-ins that turn it into an online web store. Which one you choose will depend on your level of competency. Additionally, consider the platform’s features, reliability, support, and pricing. Specially designed platforms will have more features and support but will be more expensive than doing it yourself.

Purchase a domain

Another thing you’ll have to do in the early days of your online store is purchase a domain. This domain will be your website address that people use to find your store, so it needs to be short, snappy, and related to your content! When purchasing a domain, consider whether you want it local (e.g. .uk) or worldwide (.com). Local domains are better for businesses limited by geography, such as building firms. Also, consider the cost of your domain, as some worldwide domains are more expensive than local ones. There are several domain-buying platforms where you can purchase your domain, such as Shopify, GoDaddy, and many more.

Set up the website

Once you have your platform and domain name, you must create your website. Some platforms have website builders allowing you to create a professional-looking website easily. However, these tools don’t offer much flexibility, so if you want to control your site’s design fully, you either have to do it yourself or hire a web developer. Make your site appealing by using high-quality images, having a clear brand identity, and limiting the amount of clutter on the screen. The better your site looks, the more likely people will stay and use it!

Compose payment and shipping methods

If your online business involves selling products, you’ll need to find a way to process payments and ship the orders to your clients. The dedicated e-commerce sites have tools that allow you to integrate payment systems into your website easily. However, if you’re doing it yourself, you must be mindful of your site’s security while handling sensitive information. Also, consider how you’re shipping your products to your customers, how long your average delivery will take, and how much you will charge for postage. There are lots of online companies that assist with the shipping of packages, so find the one that works best for your business.

Market your website

Once your website is complete and ready for business, you need to get the word out! Marketing your site is just as important as creating it because it doesn’t matter how good your site is; if no one knows about it, they won’t come! Creating useful content for users online, although it may not create direct conversions, is a great way to get potential customers on your site. Therefore, it is imperative that you learn as much as you can on how to write better blogs, as the better the content, the more value to the reader and the more they will want to navigate the rest of your website. You should optimise your content with keywords related to your business to ensure it ranks highly in search engine results. Consider advertising your business through social media or paid advertising via Google Ads or Microsoft Ads, as the more people that see your site, the more people will click on it.

Conclusion

It’s no secret that the world is moving online, with many aspects of our lives completely taking place over the internet. Consider following these helpful tips to shift your business online and ensure it gets noticed.

The post 5 Steps for a Successful Business Shift to Online appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/businesses/website-development/5-steps-successful-business-shift-online/

Google December 2022 link spam update done rolling out

Google has confirmed that the December 2022 link spam update is now finished rolling out. The update took 29 days to roll out, starting on December 14, 2022 and ending on January 12, 2023. Google has posted it was completed today, January 12.

What is a link spam update. A link spam update looks to neutralize, or no longer count, links that Google finds to be spammy and against Google’s guidelines. Google wrote that this launch “may change as spammy links are neutralized and any credit passed by these unnatural links are lost. This launch will affect all languages.”

First time using SpamBrain for links. This is leveraging what Google calls SpamBrain, Google referenced it in the 2018 Google spam report, specifically the spam trends section where Google talks about its “machine learning systems” to improve search spam detection.

Google added that SpamBrain can not only “detect spam directly, it can now detect both sites buying links, and sites used for the purpose of passing outgoing links.”

Nullifying link spam.  Google used the word “neutralize” links, and in the previous link spam update Google used the word Google used here was “nullifying,” which does not necessarily mean “penalize,” but instead, to ignore or simply not count. Google’s efforts around link spam have been to ignore and not count spammy links since Penguin 4.0 was released in 2016.

Why we care. If you saw ranking declines in Google over this rollout period, it might be related to this new link spam update. Ensure your links are natural and follow Google’s webmaster guidelines. Work on improving your site to naturally attract new links over time.

As Google wrote with previous link spam updates, “Site owners should ensure that they follow the best practices on links, both incoming and outgoing. Focusing on producing high quality content and improving user experience always wins out compared to manipulating links. Promote awareness of your site using appropriately tagged links, and monetize it with properly tagged affiliate links.”

The post Google December 2022 link spam update done rolling out appeared first on Search Engine Land.

Original source: https://searchengineland.com/google-december-2022-link-spam-update-done-rolling-out-390572

Google’s December 2022 helpful content update is now done rolling out

Google has confirmed that the December 2022 helpful content update is now finished rolling out. The update took 38 days to roll out, starting on December 5, 2022 but was first noticeable on December 6th, and ending on January 12, 2023. Google has posted it was completed today, January 12.

As a reminder, Google’s helpful content update is a sitewide signal. It targets websites with a relatively high amount of unsatisfying or unhelpful content, where the content is first written for search engines.

What was new with this update. The December 2022 helpful content update (aka system) is a global update, impacting all languages and not just the English language. This will help Google’s systems detect more forms of low-quality content created for search engines and primarily not for people.

Google also told us this system was updated with additional signals to help Google identify more content created primarily for search engines versus people.

What to do if you are hit. Google has provided a list of questions you can ask yourself about your content. Read through those questions as we posted over here, and in an unbiased manner, ask yourself if your content is in sync with this update.

Please note if this update has hit you, it can take several months to recover if you do everything right and make changes to your content over time.

More on the helpful content update. Google’s helpful content update specifically targets “content that seems to have been primarily created for ranking well in search engines rather than to help or inform people.”

This algorithm update aims to help searchers find “high-quality content,” Google told us. Google wants to reward better and more useful content that was written for humans and to help users.

Content written for the purpose of ranking in search engines – what you might call “search engine-first content” or “SEO content,” has been frequently written about lately and discussed across social media.

In short, searchers are getting frustrated when they land on unhelpful webpages that rank well in search because they were designed to rank well.

Google’s new algorithm aims to downgrade those types of websites while promoting more helpful websites, designed for humans, above search engines.

Google said this is an “ongoing effort to reduce low-quality content and make it easier to find content that feels authentic and useful in search.”

Why we care. If you notice any ranking and visibility changes in Google search over the past two weeks or so, especially if those were big changes, you can likely attribute it to this update. Read Google’s advice, make the necessary changes, and hope for a recovery in the upcoming months.

We hope you all benefited from this update and if not, we hope you recover quickly.

The post Google’s December 2022 helpful content update is now done rolling out appeared first on Search Engine Land.

Original source: https://searchengineland.com/googles-december-2022-helpful-content-update-is-now-done-rolling-out-390569

Is Hiring PEO Services Worthwhile for UK Businesses?

Home Business Magazine Online

When getting your business up and running in the UK, there can be a lot to consider and keep in mind to ensure that you not only get off to the best start, but also tick all of the right boxes to comply with UK law and the requirements outlined by the HMRC. When all of this feels overwhelming and complicated, it may be time to hire Professional Employer Organisation (PEO) services to help you out.

What Can a Professional Employer Organisation (PEO) Do?

A UK Peo acts as an assistive service when outsourcing employer-related human resources. It can professionally handle all of the necessary protocols and functions when taking care of the needs of your employees. When entering into a co-employment relationship, you can expect:

  • Integrated HR services
  • Compliance assistance
  • Help with recruiting and hiring
  • Help with employee onboarding and training
  • Payroll management
  • Help with employee handbooks
  • Benefits administration
  • Unemployment administration
  • Help with workers’ compensation
  • Employment tax management

Benefits

Aside from the level of assistance and support offered by PEOs, here are some of the major benefits of hiring this service:

The Ability to Dedicate Your Efforts Elsewhere

As there is simply so much to take care of when considering employer-related human resources, it takes up a significant amount of time and energy to correctly handle everything. When you have a dedicated PEO team, you will not have the additional responsibilities associated with this and will be able to better direct your efforts and expertise where you need them most.

Peace of Mind

A huge, complicated workload undoubtedly leads to stress. Moreover, when you are not familiar with the processes of employment-related HR, you overlook some very important aspects that cost you money. (For example, you may miss a legal requirement that results in a fine.) Having a dedicated, expert team taking care of everything for you means that you can sit back and relax knowing that your employees will be happy, all payments have been made, and your business will be functioning at full capacity.

Not Designed to Replace Internal HR Teams

Some businesses may worry about replacing their current HR team and may feel like the firing process will be too stressful to undertake and end up not hiring PEO services when they need specialist assistance. The good news is that these teams are not actually designed to take on the roles of in-house HR operatives. They are instead typically employed as assistive measures when businesses need to reduce the time and effort spent on complicated or involved tasks that help them to remain compliant with the employment laws set by the HMRC.

As your HR team will not have to take on additional roles, they will also have the benefit of better dedicating their efforts to creating strategic initiatives, building relationships within the company, and sourcing top talent. In the grand scheme of things, this will help your business to function better overall.

The post Is Hiring PEO Services Worthwhile for UK Businesses? appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/employees/hiring-peo-services-worthwhile-uk-businesses/

Five Ways to Fund Your Business

Home Business Magazine Online

It is not always easy to fund a small business. However, when you need money to get your idea off the ground or grow your company, you have options. Small business loans are just at the tip of the iceberg. You can fund startup costs with a business credit card or line of credit. You can try crowdfunding to raise money for your big idea. If you only need a small amount of money, a microloan might be the best option. In addition, if you want to grow your company, attracting investment dollars is the best way to do it. Here are some of your options to fund your business.

1) Small Business Loans

Small business loans are available from traditional lenders like banks and non-traditional lenders online. A traditional small business loan takes a little longer to get — usually, the application will take weeks to process. However, if you can afford to wait for your loan money, you will get a better interest rate from most traditional lenders. However, you will need to have been in business for at least two years. Moreover, you will need to show financial statements and other proof that your business is sound.

Non-traditional business loans are the way to go if you need money right away, for example to make payroll, cover daily operating costs, or seize an opportunity that might be gone by the time a traditional loan gets approved. You can apply online and the requirements are a little less strict, so the application processes quickly and you can get your money in a matter of days, rather than weeks.

2) Business Credit Cards or Lines of Credit

Business credit cards and lines of credit allow you to borrow as much as you need up to the credit limit. You can get a business credit card or line of credit using your personal credit score and finances, so they are easy to get even if your business is still very new. However, in order to make this source of funding work to cover startup costs, you are going to need to keep those costs to a minimum and perhaps bring in additional sources of funding, like personal savings or a loan from family. Once you are doing business, you can use a business credit card or line of credit to keep track of what you buy for your business, so you will have that info at tax time.

3) Crowdfunding

Crowdfunding is a new and popular way to generate the capital needed to start a business. You will need to build up buzz for your product online in order to appeal to your customer base and meet your target. If you use a rewards-based crowdfunding platform like Kickstarter, you will need to be prepared to offer donors something in exchange for their donation. Usually, people offer branded merchandise, event tickets, or early access to new products.

4) Microloans

Sometimes you just do not need a huge amount of money to meet your business needs. If you need a loan smaller than $50,000, you should consider a microloan. The U.S. Small Business Administration offers microloans of less than $50,000 to entrepreneurs looking to start or grow their businesses. These loans are not available through traditional lenders, but through a network of non-profit lenders. The microloan program is designed to offer funding to business owners in low-income areas and small businesses that would not necessarily qualify for traditional funding. The average SBA microloan in 2020 was $14,434 with an interest rate of 6.5 percent. Forty-seven percent of those loans went to businesses owned by women.

5) Investment

If you want to grow your business into a large company, attracting investment may be your best way to proceed. You might need to give up some equity in the company to your investors, and there will be an expectation that the business will grow exponentially, providing those investors with a big return on their investment. Venture capital firms tend to want to work with the kind of startups that can scale rapidly, while angel investors are usually more interested in investing in small businesses. You can find an investor using the crowdfunding platform like Mainvest, for small businesses, or Wefund, for businesses that want to scale.

Final Notes

Finding funding when you need it is one of the biggest challenges you will face as a small business owner. Make sure you understand your small business funding options, so you can get the money you need to start and grow your company and be your own boss.

The post Five Ways to Fund Your Business appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/business-start-up/raising-money/five-ways-fund-business/

Make Money from your Outbuilding

Reading Time: 3 mins

Homeowners are seeking ways to combat the currently all-too-notorious rises in energy bills and the cost of living crisis that’s all over the news right now. From renting out your driveway to turning your shed into a source of income, there are plenty of ways your home could serve you in making cash.

One such possibility is for homeowners who have an unused annex or outbuilding that could provide ‘passive income’. Such an opportunity comes as new research from IW Capital found out that 39% of Brits view passive income sources as a way of complementing their income.

If you are lucky enough to have an outbuilding, keep reading to find out more.

 

How Much can be earned?

David Hannah, Group Chairman of Cornerstone Tax, posits that if these annex owners take necessary steps to create an Airbnb opportunity, this could open up an extra income averaging up to £6,000 a year: that’s two months paid salary for a median UK household. UK hosts on Airbnb collectively earned more than £1.5 billion in 2021, giving homeowners the decision to cap their own nightly price for the property.

Hannah goes on to state that while the demand for UK Airbnb properties is very high, and likely to continue this year due to key events like the Commonwealth Games and Jubilee, it is essential that homeowners do some serious research and preparation before opening up their properties to the public.

“We’ve all seen the rise in the cost of living and energy costs and, during the course of the pandemic, the increase in the trend of staycations. The likely restriction in consumer spending power may well encourage people to carry on holidaying in the UK. You may be facing increasing bills on your property and thinking that your unused annex or outbuilding could be used as an Airbnb for people who want to staycation in the English countryside.”

 

How to do it

Step one

Getting an annex or outbuilding ready to make sure it’s suitable for people to stay. That means you’re going to have to go through that building and make sure it contains all the basic necessities for living – it’s got to have somewhere to cook, somewhere to bathe, somewhere to go to the toilet and of course, somewhere to sleep. It’s got to be suitable for use as a dwelling.

More importantly, if you’re dealing with an annex, you’re probably already up to domestic insulation standards, but if you’re converting an outbuilding you’re going to need to think about insulating it. Making it green, maybe installing a log burner or some other form of heating. But ultimately, what you are going to need, above all else, is planning permission. This could take several months depending on where you are and the state of your property.

Let’s assume that you can get all that in place – what do you do next?

Aba Andam

Step two

You need to make sure that your annex or converted out building has a separate meter, not necessarily a separate account, so that you can recover part of the costs of electricity and heating against the income that you earn from Airbnb. The important thing is to count everything that you use wholly and exclusively in that business and put it into your accounting software and claim it against your income tax – maximising the return.

Airbnb, running holiday cottages, that’s a business of holiday letting and you’re going to need to register yourselves with HMRC as having this new trade so that you can do self-assessment returns at the end of the tax year.

Step three

“When you’ve got all that sorted, you’re ready to run and you’ve got to market it. This means you have to upload it to Airbnb, you might even want to build your own website to increase the promotion. You’re ready now, it’s open and you’ve got guests booked in. It’s a chance to make a separate source of revenue which is extremely useful in these times.”

 

Other ways to make money

Our editor Vicky Parry says:

“We need to all be thinking outside the box a bit these days. Understandably, if you are someone that has an annex already, we recognise that you are highly likely not someone in the same amount of financial trouble as others. We have, however, observed that these price hikes have impacted a complete cross-section of society, and it’s clear that we need to be thinking creatively how to monetise what we do have. On MoneyMagpie we have so many suggestions for everyone.”

 

Ask your money-making questions

The Magpie community is full of savvy money savers and makers – and now’s your chance to ask your burning questions!

The new MoneyMagpie Messageboard brings together the Magpie community, MoneyMagpie team, and vetted experts to make sure your essential money-making questions get answered.

Take a look here and register to post a new thread or reply.

The post Make Money from your Outbuilding appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/make-money-from-your-outbuilding

Are vegan egg alternatives the future?

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Are vegan egg alternatives the future?

Veganuary is in full swing, with over 800 brand spanking new vegan products being put onto shelves in supermarkets across the country. In recent years it has gained popularity, with one person signing up to take part every 2.4 seconds this year. 

In recent years, 85% of participants have subsequently reduced their animal product intake after taking part in Veganuary, with 23% of non-vegan participants remaining vegan long after January ended. 

However, 20% of participants of Veganuary 2021 said their biggest challenge was missing non-vegan foods, with 14% saying they felt the absence of eggs over any other non-vegan food. 

If this sounds like you, fear not. We have found a great deal for a vegan egg alternative. Hey, even if you aren’t vegan, or are not taking part in Veganuary, give this product a chance. Many bakers have been prompted to use OGGS, a vegan egg alternative, in their edible goodies due to the recent nationwide egg shortage. 

OGGS supplies plant-based egg alternatives make from chickpea water, commonly known as aquafaba. The company have been conducting trials with two of the UK’s largest bakery manufacturers, according to the business. 

The egg industry has seen sharp cost increases in recent months, with many egg farmers ceasing production altogether. The cost of using energy to heat animal enclosures, the spread of bird flu and increased animal feed prices have all contributed to the increased cost of eggs. 

OGGS also said they are not trying to totally vegan-ise existing bakeries and manufacturers, but rather they want to encourage the occasional swaps to reduce the environmental impacts and mitigate ever-increasing expenses. 

The benefits, according to OGGS include 95% less saturated fat and 85% less calories compared to eggs. Similarly, there could be an 85% reduction in carbon impact by making the switch. 

Fancy giving it a go?

MoneyMagpie readers can claim a FREE bottle of Scrambled OGGS this January. You can also get your hands on a FREE carton of OGGS Aquafaba from February 1st until Pancake Day (21st February). Claim this freebie using the GreenJinn app. 

You can pick up a FREE bottle of Scrambled OGGS® throughout January using this link. Scrambled OGGS® is also on offer in Waitrose and Sainsbury’s for £2.50 (RRP £3.25) until January 31st.  
 

Between February 1st and Pancake Day on February 21st OGGS® Aquafaba will be on promotion from £1. OGGS® Aquafaba is available from ASDA, Waitrose, Ocado and Co-op with an RRP of £2.  Or claim your FREE carton until February 21st using this link. 

 

The post Are vegan egg alternatives the future? appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/are-vegan-egg-alternatives-the-future

How marketing compensation and roles are changing: Take the MarTech Salary and Career Survey

Although we hesitate to use the term post-pandemic with any confidence, marketing takes place today in a space changed — perhaps irrevocably — by COVID-19. Yes, marketers are making their way back to the workplace; many conferences and expos are back in person; it’s possible to meet and greet prospects face-to-face instead of face-to-video.

But the importance of digital marketing looks unlikely to recede. With it comes increased emphasis on digital content and digital experience, the expansion of ecommerce across almost every vertical and the interest in virtual events.

What does that mean? You guessed it: the growing importance of the digital martech stack.

The “great marketing reboot.” We’re also seeing big changes on the human side of marketing. Many marketing professionals have left the space; others have switched from regular positions to freelance or contract work. There are big opportunities — as well as challenges — for people in the early stages of their careers, whether as marketers or marketing operations professionals.

Data scientist and MarTech contributor Chris Penn calls this the “great marketing reboot.” We’ve introduced a new question into this edition of the survey asking if you’re witnessing the same phenomenon, whether in your own marketing organization or others.

Follow the money. We’re also asking, as always, whether circumstances are impacting salaries, in positive or negative ways, as well as your career trajectories.

As before, we’re partnering with Scott Brinker and chiefmartec.com to field the survey. It shouldn’t take more than a few minutes to complete, and we look forward to sharing the results soon.

Take the MarTech Salary and Career Survey

The post How marketing compensation and roles are changing: Take the MarTech Salary and Career Survey appeared first on Search Engine Land.

Original source: https://searchengineland.com/take-martech-salary-career-survey-391255

Meta introduces new ad targeting limits for teens

Starting next month, Meta will remove the option for targeting advertising to teen users based on gender. They’ll also end advertisers’ ability to target personalized ads to under-18 users based on their in-app activity, including who they follow on Instagram and what Facebook pages they like.

After the changes take effect, personalized ads on Facebook and Instagram will only draw on a user’s age and location to determine relevance (where location is necessary to assess which products and services are available in a user’s area).

Facebook and Instagram will soon roll out new controls for teen users (kids under age 13 aren’t allowed on those apps — technically). Teens will be given an option to “see less” of a given topic, shaping which ads the platform will serve them.

Why we care. Advertisers will no longer be able to target users under the age of 18 based on in-app activity nor target their age or location, except where relevant. You’ll need to restrategize if you advertise a product or service to users under 18.

Not new. Meta recently rolled out new privacy updates for everyone under the age of 16, or 18 in some countries. Starting in November, teens will default to more private settings when they join Facebook. For teens already on the platform, Meta recommends making these changes manually. The new privacy settings affect:

  • Who can see their friends list
  • Who can see the people, Pages and lists they follow 
  • Who can see posts they’re tagged in on their profile

This month Meta was fined 390 million euros ($414 million) after European Union (EU) regulators found it had illegally forced users to accept personalized ads.

Google blocks ad targeting for kids under 18. In 2021 Google updated its policies around minors online, letting those under 18 remove images from search. “Children are at particular risk when it comes to controlling their imagery on the internet. In the coming weeks, we’ll introduce a new policy that enables anyone under the age of 18, or their parent or guardian, to request the removal of their images from Google Image results,” wrote Mindy Brooks, product and UX director for kids and families at Google.

YouTube will change the default upload mode to private for kids aged 13-17. SafeSearch will be automatically turned on for those under 18 using Google Search. Those under 18 will not be able to turn on their location history.

The post Meta introduces new ad targeting limits for teens appeared first on Search Engine Land.

Original source: https://searchengineland.com/meta-introduces-new-ad-targeting-limits-for-teens-391259