7 Top Passive Income Ideas for Small Business Owners in 2021

7 Top Passive Income Ideas for Small Business Owners in 2021

2020 has been a tough year, especially for small businesses. We have all had many eye-opening realizations about financial stability. And the most prominent one would be the fact that relying on one income stream is not an option anymore.

To survive and thrive in the post-COVID19 world, having multiple income streams has become a necessity. For small business owners, building a couple of passive income streams can ensure that your business can stick through the toughest times too.

When the times are tough, passive income streams can help you fund your small business, with almost little to no effort. In this article, let’s see some of the top passive income ideas that will support you during these unprecedented times.



What is Passive Income?

Passive income is the process of earning money from a business in which you aren’t actively involved anymore.

Many people mistake passive income for money that

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Best Business Books of All Time

Best Business Books of All Time

If you buy something through our links, we may earn money from our affiliate partners. Learn more.

What business books should I read? Below is our must-read list of the best business books of all time.

Perhaps you are a beginner just entering the business world or are looking for the best entrepreneur books. Or perhaps you are an experienced professional seeking the best management books. Or maybe, just maybe, you want to find the best books on how to run a small business.

Reading great business books is one of the most cost-effective methods to become a whip-smart business person. As business book editors, we read a lot of books — and this curated book list is to bring you the best choices.



Top 10 Business Books of All Time

The first group of books we looked at is the top business books overall. You may have heard

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Demandforce Online Booking Allows for 24-7 Appointment Scheduling

Demandforce Online Booking Allows for 24-7 Appointment Scheduling

Service-based businesses rely greatly on managing their appointments effectively. Demandforce Online Booking looks to make the process more efficient and less labor-intensive.

The new functionalities will make it easier for clients to schedule an appointment online. This is especially important because 36% of clients avoid businesses with complex appointment scheduling systems. At the same time, businesses will be able to manage their appointment schedules with greater ease.



Demandforce Online Booking

As businesses reduce staff because of the pandemic, it is taking more effort to manage appointment scheduling. This is what Hugh Mahoney, Senior Director of Product Management at Demandforce, addressed in the press release.

Mahoney goes on to say, “Since the start of the coronavirus pandemic, many businesses have been forced to reduce staffing while facing increased client demand to be able to quickly schedule appointments online without hassles.”

Mahoney adds, businesses will be free to re-route

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Webinar to Show Real Uses of Zoho One Software for Small Business

Webinar to Show Real Uses of Zoho One Software for Small Business

 

Zoho has been holding a series of webinars to give small business owners a primer on how to establish a digital presence. These webinars cover Setting Up Your Website, Establishing Your Brand Story and Elements of Website Design, and Converting Visitors to Leads: Web Forms, CTAs (Call to Actions).

This particular webinar, titled Zoho One for Every Business Need will provide an overview using real case studies from Zoho customers. The goal is to demonstrate different ways Zoho One can support your business. With more than 40 applications, the suite of tools it has covers everything from growing sales to accounting, communication, collaboration, productivity, finance, operations, business process, and more.

Together with the other webinars, Zoho is providing a free course to give you a basic understanding of digital presence. It is important to understand these are not webinars to mastering these subjects. But the knowledge you gain here should

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Clark Twiddy of Twiddy & Co. – Digitizing Southern Hospitality with Data Science Key to Surviving the Pandemic

Clark Twiddy of Twiddy & Co. – Digitizing Southern Hospitality with Data Science Key to Surviving the Pandemic

Last week I caught up with Mike Volpe of Lola.com to hear how the travel management service was able to leverage their strong customer relationships to survive a 97% drop in revenue and roll out a brand new offering in the middle of the pandemic.

And the theme of relying on strong customer relationships built pre-Covid to keep afloat as we enter into the second wave of the pandemic carried over Twiddy & Company, a family-owned vacation rental business managing over a thousand properties in the Outer Banks area.

Interview with Clark Twiddy

Earlier this week I spoke with Clark Twiddy, president Twiddy and Company, to hear how they used the SAS data analytics platform and Clark’s military background with intelligence to bring data science to his family-owned small business.  And how that helped the company to “digitize their southern hospitality” and create new opportunities even in the

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Champagne, Gold and Green – The Colors of 2021?

Champagne, Gold and Green – The Colors of 2021?

Colors communicate without a single word, and there is a psychology to colors when brands market to their customers. The 2021 Color Trends report from Shutterstock has identified three colors that have been popular in the past year. This means you are going to see more of them in the coming year telling stories and capturing your imagination.

So, what is different this year, the pandemic. And it has affected the colors creatives have been using to communicate their ideas. This is what Flo Lau, Creative Director at Shutterstock, tries to explain what has taken place in the past year.

Lau says, “2020 has forced creatives to be more purposeful in their strategies. We see them turning to optimistic colors that inspire a sense of hope—a sense that positive change is coming.” She goes on to say, the bright, saturated hues that defined 2020 are behind us. For 2021,

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