Don’t Start Your Own Business: Help Someone Else Build Theirs

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Bloggers will often assume that the only option available to people is to start their own businesses. After all, isn’t that what all successful people do? 

Well, not exactly. While a lot of people start up companies, there are many more people in the background helping them succeed and sharing in the spoils. 

While it might be more glamorous to be the CEO or owner, you can also make a lot of money in the background by being the guy or girl who knows how to do everything and make it work. 

The purpose of this post is to look at some of the ways you can support another person. By the end of it, you should understand how you can help and be a part of the adventure while also serving yourself. 

Skill Sharing

Share your skills at the top of the list of methods for helping someone succeed. If you have knowledge that could benefit them, deploy it and start reaping the rewards. 

Most people understand part of their business, but not all of it. For example, the person you want to help might understand marketing but not finance. 

These skills can be essential for a functioning business. But if even one piece is missing, that can be a problem and set them back. If you can fill that gap, you could earn equity in their project or even royalties from perpetual contributions. 

Networking

You can also support someone by developing their network. Connecting them to useful people can be extraordinarily valuable, whether finding clients, partners, or investors. 

Once you understand networking, you become much more valuable to the person you want to support. They begin to recognize that they can just visit you whenever they want to make a new acquaintance. 

Networking also opens up finance and marketing opportunities. More connected people tend to have greater access to funds.

Financial Assistance

You might also want to offer some sort of financial assistance. The standard ways to do this include things like extending the business a loan or investing in their activities directly. You could also be a professional who helps them get the debt or borrowing they need from banks and other creditors. 

Perhaps the best approach, though, is to secure customers with high lifetime value. Happy clients will often keep returning to a business for many years if they know they can get a good service. 

For example, signing up for a payday loan affiliate program could help you support companies that sell borrowing products. You could also sign up for an electronics or marketing affiliate program to source deals and grow businesses. 

Logistics Support

Finally, you could be the person offering logistics and administrative support to the firm. For example, you could do the social media side of the business, freeing up the owners to focus more on their main projects. 

You could also deal with data entry – another time-consuming task. The more you can input, the more the person you want to support will reward you.