In today's intricate economic landscape, ways of passive income have opened new doors to achieve financial stability while maintaining flexibility. After the pandemic and global economic crisis, the cost of living has significantly shot up throughout the world. Therefore, earning some extra cash can help women to support their families. Let’s take a look at several passive income strategies that working women and homemakers can try in 2024. Passive Income Ideas for Working Women and Homemakers YouTube Vlogging Starting a YouTube channel stands as a promising route for cultivating passive income. Women can actively share their expertise, experiences, or daily life through compelling video content. With persistent dedication, this content magnetises a broad viewership.  Consistent effort in content creation empowers women to get views and subscribers. This engagement may pave the way for monetisation avenues such as AdSense earning, ads or sponsorships.   Read more: 10 Best Programming Languages for 2024 Facebook Influencer Diving into the realm of a Facebook influencer offers another avenue for women seeking passive income sources. By harnessing a robust social media presence, women can make partnerships with brands, do sponsored content, and endorse products.  With these, they can generate revenue based on their level of interaction and number of followers. This engagement-driven approach cultivates a mutually beneficial relationship between influencers and brands. Thus, it serves as a lucrative source of income for women navigating the digital landscape. Read more: Influencer Marketing: A Beginner’s Guide Freelancing Opportunities Freelancing presents a versatile work structure. It enables women to leverage their expertise in diverse domains such as writing, graphic design, programming, and beyond. Platforms like Upwork, or Fiverr offer a spectrum of income opportunities.  Through active participation, these skilled individuals can carve a niche for themselves. They can engage with clients globally and foster a flexible yet rewarding career path, underpinned by their unique talents and proficiency. Read more: How to Transform Your Freelancing Career into a Scalable Business? Creating and Selling Stock Photos Producing and vending stock photos emerge as a lucrative opportunity. Women with photography skills can capture and market their images on platforms like Shutterstock or Adobe Stock. By catering to diverse niches and trends, they can monetise their visual creations. 

Evaly is set to resume operation with a ‘Dhonnobad Utshob’ (‘Thank You Festival’) to express gratitude to millions of customers and merchants across Bangladesh. The platform will start the campaign from October 28 at 10 pm, said a press release from the company. Popular brands like Walton, Jamuna, Artisan, O'code, Viomi, Samsung, iPhone, One Plus, and Vivo will participate in the Evaly campaign. Read: Evaly may start sales campaign from Oct 15, Shamima hints For purchases from the secured platform, customers will have three options: pick and pay, cash on delivery and cash before delivery. Customers will also get a ‘star’ for each shipment from Evaly under the customer loyalty program. The loyalty points can be used for future shopping with the platform. Regarding the campaign, Evaly co-founder Shamima Nasrin said the company strongly believes that it will be able to repay past debts through resuming operations. “Evaly is now a brand infused with this nation’s passion. We now have two independent directors from e-CAB and commerce ministry. So now, there’s more responsibility and accountability than before,” she said. Read Evaly files application to restart business Shamima mentioned that Evaly will offer products at an attractive price, without counting losses. “Utilising the infrastructure of digital Bangladesh and selling products profitably using e-commerce, we can give customers the ‘best price’ compared to the traditional market. We will give utmost importance to quick delivery and customer service,” she added. The entrepreneur has pledged to deliver all previous orders. “We are looking forward to the early release of our former CEO Mohammad Rassel to accelerate our momentum and strengthen Evaly,” Shamima said. On September 16, last year, Evaly CEO Mohammad Rassel and his wife Shamima were arrested during a raid on their house in capital’s Mohammadpur area. Read Evaly CEO, chairman sued again in Chattogram The owners of Evaly were allegedly involved in embezzlement of several hundred crores of taka. They were arrested after a victim filed a case against them. On April 6 this year, Shamima, co-founder of Evaly, was out on bail.

With the rapid digitization in the country, connecting with people has become easier than ever. And the increased connectivity and digitization of processes, have opened a host of opportunities for small and large scale businesses. But not just the SMEs, social media platforms like Facebook and Instagram have made it possible for people to start a business right from the comfort of their home. For some, it can be a source of side income and for others, it can be a full-scale earning source. However, there are some essential steps that you need to follow to make sure your business kicks off on the right note. So, how to start your online business from home? Let's take a look. How to start an online business from home Identifying the Business Idea The first and foremost thing to be considered is the business idea. As a business that is effectively going to be run from home, what business would be most feasible? Not just home, it also depends on other factors like what you are an expert in. For example, if you have no experience in cooking but want to run a food business, that would not be very fruitful. In the context of Bangladesh, the most profitable business ideas are dropshipping and home cooking. There is a huge demand for online-based products that can be easily availed as home delivery instead of scouring physical marketplaces. Part of the increased interest in online shopping is attributed to the pandemic situation. However, you can play on your expertise and comfort zone and come up with a business idea depending on the demand and size of the online market. Read: Top Insurance Companies in Bangladesh in 2021 Setting up a Platform This stage of the business needs to be accomplished in two steps. The first one is using the existing platforms and the second is setting up a personal platform. As a home business, the priority should be to minimize the cost associated with business operation. The existing platforms like Facebook and Instagram can be used to showcase the product as well as sell them. The number of users on these platforms in Bangladesh is comparatively higher. So this can be a good starting ground for your home-based business. In the later stage, after your business has gained sufficient traction, you can set up a personal website to better interact with your customer base as well as address their queries. Read Small Business Ideas for F-commerce Startups in Bangladesh during Pandemic Formulate the Business Plan The next step is formulating the business plan. A business plan is essentially an outline of operations that goes behind running the business. Depending on your business idea, the business plan will differ. The business plan should include a detailed overview of the product or service you are offering, a detailed analysis of the market and competitors, identifying the advantages and disadvantages of your business model, a financing module for your business as well a customer retention strategy. These might feel a bit too much to get started, but they will ensure that you have a clear vision of your business and won’t run into issues down the line. Read Passive Income Ideas in Bangladesh in 2021 Registering the Business The next step is a legal requirement. I need to come up with a name that embodies your ideas as well as your business. You will also need to register your business with the local authorities to make sure that you do not run into any legal trouble. For a home-based business, the business entity should be a sole proprietorship. This Will provide you with considerable control and flexibility over your business processes and rebates when it comes to taxes. Separate Personal and Business Finances As a home-based business, the initial growth will take some time to take off. You will need to reinvest your profits as well as source additional financing for your business. That all depends on the nature of the business. But the right approach is to ensure that personal finance and business finance are separated. Read: Best Credit Cards in Bangladesh: A Comparative Analysis You can set up a separate account for your business and handle the finances on that account. Separating personal finances from business finance will help to better track business progress and financial gains. It will also help to better assess how much additional investment would be required to finance the business. Engage Your Customer Base Another prominent aspect that should be taken into consideration is engaging the customer base. Naturally, as a home-based business, the reach and the brand image would be minimal while starting. To counter this, widespread promotional activities including discounts should be undertaken. Customers should be encouraged to share their thoughts on their social media. That way it would be possible to spread the business brand through word of mouth. In the end, it's all about maintaining quality as well as customer satisfaction. Read Ways of Affiliate Marketing while Staying in Bangladesh Review the Business Strategy The thing about the market is that it is constantly changing. What might be in demand today might not be in demand tomorrow. As a home-based growing business, you need to understand the changing dynamics and adapt your business to face the change. The right thing to do in this aspect is to review the business strategy to make sure the product or the service stays relevant to the customer. If you run a B2C business strategy, try and understand what your customer shows interest in. Change your product line up to better address the customer needs. As a home-based business owner, you need to stay up-to-date with the changing trends. Introducing innovative products at a competitive price will surely give you an upper hand among the startups. Read Zero Investment Business Ideas to Try Amidst the Pandemic Final Words The current landscape of the digital market in Bangladesh is expanding rapidly. More and more people are getting into online business and trying to make a profit out of it. The pandemic even forced some reputed businesses to implement online business strategies. Thanks to the widespread use of social media, showcasing your product and growing your business is now easier than ever. With that said, we tried to outline the key aspects that make or break a starting home-based business. With proper planning and conviction, it is easily possible to grow your business to a large scale and initiate substantial profit from it. Read Top FMCG Companies in Bangladesh: At a Glance

As Bangladesh tackles the Covid-19 situation, the impact left behind by the pandemic has been quite significant. Not just in terms of loss of lives but economic downtrend as well. Many people lost jobs and many businesses saw themselves on the brink of shut down. However, many businesses are opting to shift their offerings to what’s known as Facebook Commerce or F-commerce. With 22% of the population of Bangladesh being active users of Facebook, the platform can provide a strong foothold to reach customers on a far wider and diverse scale. In this article, we will take a look at some of the best small business ideas for F-commerce in Bangladesh during a pandemic. Small business ideas for F-commerce in Bangladesh Clothing Line With a country of festivities, we sure do have a knack for clothing. That is reflected in the apparel market as the market cap stands at around BDT 250 billion. There is a huge opportunity of taking this apparel market to the online platform. As a startup, you can source apparel locally from wholesale dealers and create an apparel niche of your own. With the Flexibility of F-commerce, it becomes very easy to reach your target customer base. You can even jump-start your business with little to no capital. You can start by having a small exclusive line of collection or simply set up a system of pre-order. That will ensure that there isn’t any loss to your startup venture. Also Read A Bangladesh startup that aims at saving the world! Book Store Nothing like a good book in days of lockdown, right? There is a high number of book readers in Bangladesh. The numbers add up as the Amar Ekushey Boi Mela saw a 70 crore BDT jump in sales from 2013-2018. With a growing demand for books, selling them on an online platform can be a good startup venture. The goal here is to find the targeted customer base and set up your business to attract them. Just like the apparel line, you can list your collections or simply deliver on a pre-order basis. Nilkhet being one of the largest markets of all sorts of books, sourcing shouldn’t be an issue and you can make a profit straight away with very little investment. Read How to Earn Money from Facebook Consumer Electronics The consumer electronic market is another potential sector for F-commerce startups. In 2017, the total market cap on consumer electronics stood at 1.38 billion BDT. However, as a startup, it's not possible to sell large-scale consumer electronics because of regulation and investment. You can start with smart gadgets and portable electronic items. The pandemic has seen people shift to online platforms for their gadget fix. You can either start by offering a certain product category or you can add multiples depending on your investment scale. The most important thing here is to plan. You should have a definitive F-commerce marketing strategy to attract customers. And since this is a consumer electronic sector, there should be ample focus on the after-sales service as well to ensure customer retention. Read 24pc of female online entrepreneurs shut businesses in June: Study Home-Based Catering There is a huge untapped opportunity in the home-based catering service in our country. With the easy parcel delivery services in Bangladesh, it is now possible for the home cooks to deliver on-demand food items concurrent to the restaurants. A home-cooked meal is not only a healthier choice for many but also a comparatively cheaper alternative to restaurants and takeaways. Just like the other F-commerce ventures we have mentioned in this article, the capital investment in home-based catering is little to nothing. The variety of cuisines on demand is what makes this start-up idea a thriving one. Based on expertise, a home cook can significantly monetize their skills and convert them into a functional earning source. And with the pandemic in question, the demand is also at an all-time high. Also Read: What Is Passive Income? Pros and Cons of Passive Earning Online Grocery Store An online grocery store is another business idea that has been propelled to the forefront in light of the pandemic and ensuing lockdowns. The idea of having all the daily necessities right at your fingertip is lucrative for many. This not only reduces the hassle but also ensures that you won't have to risk your safety by visiting crowded places. As a small business, focus can be put on a certain niche of groceries. It can be cooking essentials, dairy items to frozen goods. This solely depends on the target market. It is possible to source goods from wholesalers depending on the niche. As long as you can ensure competitive pricing, the F-commerce platform can be the perfect place to kickstart your venture. Read Zero Investment Business Ideas to Try Amidst the Pandemic Cosmetic Line Beauty products have a considerable market cap in Bangladesh. In addition to local brands, there is a high demand for the international cosmetic brands and their products. A cosmetic line can be a good small business idea because the online market is still in its budding state. People are getting more and more used to buying goods from online stores as the pandemic has reshaped the idea of how we shop. Depending on your niche, you can source products from the local market or use importers to source products from an international brand. Needless to say, the latter would require a significantly larger investment. But the ROI of this venture is high and considering there is no sunk cost involved, you stand to make a profit in a considerably short time. Art & Craft Recent trends show that the millennials of Bangladesh are significantly interested in local arts and crafts. It can be attributed to the widespread cultural promotion and in the general interest of the mass. If you are someone who is an artist, you can sell your work on the F-commerce platform. Not just art itself, there is a huge of demand for local craft utensils. Whether it's for home decoration or part of utility needs, as a business, you can produce or source these local crafts for online clients. Also Read: Domestic electronics, technology products should get priority in govt procurement: Speakers Sell Your Expertise If you are an expert in your trade, you can set up your online consulting firm. There are endless niches where there is a demand for expert consultation on different subjects. The same stands true for skills as well. If you are good with graphics designing or web content development, you can sell your expertise on the F-commerce platform depending on your niche. This doesn’t require any investment to begin with and also makes communicating with the clients easier. Bottom Line There is a huge untapped opportunity when it comes to the startups in the F-commerce sector of Bangladesh. The pandemic has paved a way for many new Facebook-based business ideas in the existing niche as well as creating demand for new ones. Sure enough, you won't see success upfront, and you would need to develop a sizeable community around your product. But the efforts and investment are much more risk-free when it comes to F-commerce and has a high ROI. Read Bangladesh Cloud Kitchen Business Heralds Improved Food Delivery Services

Amazon will be hiring another 100,000 people to keep up with a surge of online orders.

Though the online sales of health products and daily essentials were booming due to COVID-19, the ongoing pandemic has taken its heavy toll on the online retailers of fashion, cosmetics, and other imported products, says a recent study. 

Interlinkages Online, the cross-border trade finance marketplace and Creditsafe, the global business intelligence experts have announced their strategic collaboration for providing Global Counterparty Credit Reports to Financial Institutions in Bangladesh.

The government has allowed e-commerce providers to deliver food items, books, electronic gadgets and dresses to customers' doorsteps adopting proper safety measures.