A joint study by two researchers from Princeton University and University of Pennsylvania seems to have answered one of the most asked timeless questions: can money buy happiness? The research conducted by Daniel Kahneman and Matthew Killingsworth, published in the Proceedings of the National Academy of Sciences, reached a conclusion: happiness tends to rise with increase in income and earnings. The latest study on the correlation between money and happiness refutes the previously reached conclusion that happiness levels off for people when their income reaches $75,000, The Washington Post reports. In 2010, Nobel Prize-winning economist and psychologist Daniel Kahneman first proposed this threshold in a study that found that "emotional well-being [also] improves with log income, but there is no further growth beyond a yearly income of $75,000." Read More: Happiness Hormone: Ways to Boost Dopamine However, a research conducted by Matthew Killingsworth, a happiness researcher and senior fellow at the University of Pennsylvania’s Wharton School, found that happiness does not level out after hitting $75,000, rather continues to rise with “income well beyond $200,000,” the report adds. In their latest study, both researchers came together and pitted their theories against each other with the help of an arbiter. The study was adjusted for inflation, they told The Washington Post. The two researchers surveyed 33,391 people in the US — aged between 18 and 65 — with a household income of at least $100,000 a year. Read More: From coffee to yoga to happiness: Offbeat ministries from around the world! Killingsworth developed a smartphone app called ‘Track Your Happiness’ to measure their happiness. The app required participants to report their feelings at random intervals throughout the day. “The data came from repeatedly pinging people at randomly-timed moments during daily life, and asking about their happiness at that moment in real-time,” he told The Washington Post via email. They were specifically asked questions like “How do you feel right now?” on a scale ranging from “very bad” to “very good.” The study found that happiness continues to rise with “income even in the high range of incomes” for the majority of people, reaching a conclusion that for many, earning more can mean increased happiness. Read More: Eid for Introverts: Finding Happiness and Fulfillment on Your Own However, for about 20% of the respondents, the case is a bit different. For them, the unhappiness diminishes with rising income up to a certain threshold, the report says citing the research. These people usually experience “negative miseries” that can’t be alleviated by making more money, according to the study. “In the simplest terms, the findings suggest that for most people larger incomes are associated with greater happiness,” Killingsworth said about the final conclusion of the study. However, he cautioned that money isn’t everything — “just one of the many determinants of happiness.” Read More: Spending Money for Happiness: 10 Effective Ways “For instance, if you’re rich and miserable, more money won’t help,” The Washington Post quoted him as saying.
TikTok has become one of the world's most popular social media platforms, with millions of users generating billions of views daily. The app provides a unique opportunity for people to connect with others, showcase their talents, and even make money. With its unique feature to create and share short videos by adding a few texts, graphics, and music, the platform Let's find out the most effective ways to make money on TikTok in 2023. 9 Best Ways to Make Money on TikTok in 2023 Developing Videos for TikTok Making interesting and shareable movies might be one of the simplest ways to earn money on TikTok. When you have built up a sizable audience, you can begin to monetize your material by forming partnerships with companies in exchange for paid adverts or sponsored articles. Suppose you want your TikTok videos to be successful. In that case, you should utilize popular music, interact with the people who follow you, and produce fresh material on a continuous basis. This is normally the first stage for all the other ways to make money on TikTok. You must make lots of videos to grow your audience. The larger the audience, the more potential for earning money will create. Read Money: How to Earn Money from YouTube Channel Marketing Based on Influence You may also earn money on TikTok by working with businesses and becoming an influencer if you have a huge audience engaged with your content. Brands are continuously seeking prominent users on TikTok to cooperate with so that they may advertise their goods or services to a larger audience and reach more people. You may make direct contact with businesses, or you can utilize platforms that are specifically designed for influencer marketing. TikTok Live TikTok Live is a tool that gives users the ability to stream live videos to their respective followers. Going live allows you to interact with your audience in real time, increasing the likelihood that you will win presents that can afterward be traded in for monetary compensation. Read More: How to Earn Money from Instagram Make sure to connect with your viewers, answer any questions they may have, and keep your broadcast exciting and entertaining if you want to get the most out of TikTok Live.
Imagine if you didn’t have to do anything and still made money. Sounds too good to be true right? Well, it's very much real, and you can earn money without regular effort through passive income. In the context of Bangladesh, there are quite a few passive earning opportunities. However, all ways may not be suitable for everyone. Some earning methods might require you to know certain technical skills to get started. In this article, we will discuss some of the best passive opportunities for Bangladeshis in 2021. Active Sources of passive income in Bangladesh Create Mobile Application With over 47.5 million active internet users in the country, monetizing your internet skills can be a good source of passive income. One of the internet-based earning sources that don’t require active labor is making an application for any of the mobile operating platforms. The limitation here is that you need to be well versed in programming and technical knowledge of app building. A good application can reach a wider demographic for you and that, in turn, can create a huge revenue stream. Maintenance and updating the application doesn’t require regular effort and you can easily add a significant amount through this income source. Read Small Business Ideas for F-commerce Startups in Bangladesh during Pandemic Affiliate Marketing Compared to other forms of online passive income, affiliate marketing will provide you with the highest revenue. Considering the pandemic where many people have lost job, this passive income source can even become a primary source for many. If you have a website, you can start publishing reviews of products from Amazon or other leading e-commerce platforms. You will sign up as an affiliate marketer for these platforms and the more people redirects from your website, the more commission you will earn. If you are willing to put in the initial efforts, this can be a steady and stable passive income source. Read: What Is Passive Income? Pros and Cons of Passive Earning Niche Based Blogging Blogging is one of the more common and widely used passive income sources not just in Bangladesh but across the globe as well. The technical skills to start a blog are nominal, and you can get started with a very little investment. You can focus on a specific niche and create blogs that will attract the customers of that specific niche. However, this is not a shortcut way to make a passive income. It takes 6 months to a year of regular input for your blog to get significant traffic that will generate revenue for you. There is a requirement for regular content on your blog which is well optimized for the search engines to drive traffic. Once you have gained steady traction, it becomes an easy source of perpetual return. Read How to Create a Personal Website on WordPress Selling Your Skills If you are an expert in a certain topic, you can create guideline e-books or video tutorials on that topic. The pandemic has ushered us more into digital learning and now is the best time to get started on online mentorship. You can sign up for your course at any of the leading skillshare platforms. The initial effort here is to create the content for the course. After that, as more and more people sign up for your tutorial and content, you stand to generate more and more revenues. And the best part is that there is no limitation to it. You can continue to earn as long as people sign up and if the content is good, there will never be a shortage of clients. Read Best Job Searching Websites in Bangladesh Rental Opportunities Perhaps the most common form of passive income around the world is rental income. There are all sorts of rental income opportunities ranging from property to products to vehicles. Renting property is something that is widely seen in Bangladesh. If you own a piece of land or real estate, you can lend or lease it to tenants and create a perpetual income source. However, the issue with renting property is the significant capital investment. If you don’t already own or inherit property or if you are someone getting started with passive income, it is almost next to impossible to generate the capital required for property ownership. However, there are other rental opportunities of different types that require significantly less capital. This strategy of passive income is best suitable for people who already own a property or have the significant means for acquiring property. Read Zero Investment Business Ideas to Try Amidst the Pandemic Investing in Stock Investing in the stock market is another common passive earning opportunity. It is possible to invest a sum of money in a stock and monitor the growth passively. Earnings will generate from the annual dividends. You can also opt to sell your share at any time as per your preference. You have complete control over your investment and if your invested share does well, you stand to make a good passive income out of it in no time. However, investing in stock isn’t for everyone mainly due to the risk involved in the process. The stock market is highly volatile and if you are someone who’s getting started with the stock market, it becomes hard for you to assess the trend of the market to understand whether it's going to go up or down. Even the most seasoned investors can lose a hefty sum any given day. The risk factor combined with the initial capital investment requirements often deters people from getting started on the stock market. Read How to Get Hired for Online Writing Jobs Fixed Deposit in Bank In contrast to the risk associated with the stock market investment, the fixed deposit or FD is a completely risk-free option for those looking to generate a passive income source. In Bangladesh, the minimum FD starts from BDT 10000 to BDT 50000 and there is no upward limit. Compared to the stocks, the return on FD is much lower, but it is an effective and truly passive income source. Unlike the stocks, there is no risk factor involved and you get a perpetual return starting from 2.5% and going all the way up to 9.0 % depending on the bank. Fixed deposits can be a perfect choice for young professionals and students looking to make a risk-free investment with a perpetual passive income. You can opt for a Fixed deposit starting from 1 year to a maximum of 5 years. A higher year count will result in increased return. Read Quarantine Income Opportunities: How to Earn Money during Lockdown Period? Final Thoughts To be honest, nothing comes free and even passive income requires some form of intellectual or capital investment. Some are easier compared to others and some even hold risk over your investment. But in general, initiating a passive income source will give you more monetary independence which is always welcomed. The most important thing is to choose the way that can really work for you. Depending on your means, you can choose any of these if you are in Bangladesh and sooner or later you will start seeing returns. Read Work from Home, Earn and Be Your Own Boss
Sometimes, saving just isn’t enough when bills begin to pile up. Even with the best strategies to put into place, stashing a decent amount of money aside could go sideways if an unexpected expense surfaces. This is where we start to see the allure of passive income and how incorporating it can let you breathe easier. There are many misinformative sources online that steer consumers away from the true representation of passive income; what that, here are the pros and cons of passive earning and how you can start today. What Is Passive Income? As the name suggests, passive income is when one generates regular earnings without being directly involved, Enterprises that support this scheme include partnerships, rental properties, and more. The term “being directly involved'' is sometimes misinterpreted as “doing nothing”. It may confuse people with the ideas of get-rich-scheme. In other words, this concept may push people into unrealistic thoughts that might be a way of income that exists without the need for any effort. This couldn’t be further from the truth. While not the primary source of income, passive income requires upfront work. This could mean house maintenance when renting property or research and preparation for e-commerce sales on platforms such as eBay or Amazon. Investments are probably one of the biggest examples of this style of earning, but it does entail risks that are out of your control. Keenly observing the market trends and making assessments to double down or withdraw are efforts that still require some level of participation. Read Zero Investment Business Ideas to Try Amidst the Pandemic Pros of Passive Income Utilizes Valuable Time When working in a full-time environment that doesn’t quite give enough time for much else, earning a little extra on the side is immensely difficult. This is where passive income becomes a miracle in its own right and allows for slow, but steady earnings (after the upfront labour has been done, of course) while not having to be physically or digitally present constantly. Time is a precious commodity and working two jobs can be too taxing for those with additional responsibilities outside of work. Reduces Stress and Worry If your current profession isn’t quite paying you enough to meet the bare minimum requirements of your expenses, passive income will help generate extra revenue to keep you afloat. Since passive income is constant, it is a good way to divert your worries over to the advantageous prospect of having multiple sources of income. If working two jobs is unrealistic, having this method of earning on top of a full-time career is the best possible way to squeeze in as many earnings as possible within a set amount of time. Read How To Be A Popular Instagram Influencer Allows You To Pursue Your Passion This point is a mix between the previous two. As a result of having more time and a headspace free from worry, you have wider slots open in your everyday life outside of work to cultivate the passions you never were able to get around to doing due to either monetary or time constraints. Pursuing passions may not necessarily be cheap, and having passive income lets you have the flexibility to commit to costlier hobbies without compromising your ability to save. Flexibility Of Location These days, passive income is primarily done digitally, which means that you are not rooted in an area to oversee this aspect of your earnings. Disregarding the logistics of full-time jobs, the ability to earn passively can easily be done on the go as it requires far less maintenance. Regardless of whether it is business trips or on vacation, having constant income flowing in once again shows the reliability of passive income. Read Tips and Tricks to Increase YouTube Subscribers organically Cons of Passive Earning It Needs Patience Passive income is best used as a “side hustle” rather than your main source of income. When talking about upfront labour that is required to get a revenue stream started, many underestimate how daunting of a task it can be at first. The part that arguably takes the most time is finding an avenue of passive income that is reliable and consistent. Ecommerce for example can be reliable, but only after your product has properly been marketed and develops a stable following. Additionally, being kept up with market trends in the respective industry you choose is unpredictable, and seeing beneficial returns with investments will have many unforeseen variables that can occur anytime. Read How to Earn Money from Facebook You’re Mostly On Your Own Unlike a full-time gig, the atmosphere of bosses, colleagues, and a nurturing environment are non-existent when pursuing passive income. Doing this means that you will be calling all the shots in the direction of your strategy to earn revenue on the side. Whether it is through investments, social media content, or rentals, the initiative will have to come from your own proactivity during your free time. If the motivation isn’t strong, maintaining this alternate method of income may be tricky. Cost If there was no cost and risk assessment associated with passive income, then it would be a default choice for anyone to partake, regardless of career status. Bonds, eCommerce, social media, cryptocurrency, and more involve initial spending in order to get the ball rolling. This element of risk-taking may not be to everyone’s liking, but these risks can be reduced depending on which industry you have your sights on at that point in time. The cost does not necessarily have to be large to see some results coming in, but it all adds up eventually. Read How to Earn from Blogging Verdict Passive income requires a lot of commitment, despite not demanding too much time and cost involved. It isn’t a “get rich quick” scheme by any means and any fruit of your labour will be a result of patience and the ability to acclimatise to the market. There is no harm in taking a little risk to kickstart these side projects, but it would be highly recommended to only do so when your full-time career is stable enough. Without a financial safety net, embarking on a passive source of income presents more risks than necessary. Read Work from Home, Earn and Be Your Own Boss
Once upon a time, the only means for the job search in Bangladesh was the daily or weekly newspaper. There have been times that the job seekers needed to wait all week to get the weekly job searching newspaper. However, with the advancement of information and technology, job searching has become more accessible online. There are numerous job searching apps where you can find the job of your choice in Bangladesh. Moreover, nowadays, many organizations issue recruitment notices online instead of newspapers or other offline means. With that note, let’s find out some of the top job searching apps in Bangladesh. Best Bangladeshi Job Searching Apps in 2021 BDJob Bdjobs.com Ltd is a pioneer of the online job portal in Bangladesh. They used to provide their service via their website. With the invention of smartphones and to comply with the trend, BDJobs introduced their mobile apps. On BDJobs apps, you will get identical features just like its website. According to BDJobs claiming, more than 3,000 valid jobs are now placed almost every day at BDJob, which you can find through the apps. Through the BDJobs apps, you can stay up-to-date with the newly posted jobs. Besides, you can apply to the jobs directly from your phone by creating a profile or your BDJobs.com account. Some of the unique features you will get, personalized dashboard, instant notification, follow employers, filter the job posting, search jobs with keywords, create and edit resume, etc. You can download the apps both on Android and iOS devices. Read Top health apps for online doctor consultation services in Bangladesh LinkedIn Though LinkedIn is not a Bangladeshi site, you can find a job from there too. LinkedIn is one of the most trusted networks for professionals worldwide, which offer job post features for employers. With the LinkedIn app, you can apply to any matched job through your LinkedIn profile. The LinkedIn job search feature can get you the desired jobs in a few taps on your phone screen. Alongside the job searching, you can connect with millions of professionals and grow your professional network. Some endearing features of LinkedIn are job search & recruiting, job finder, business news, and social network. It is available on any type of device regardless of the operating system. Read Best Food Delivery Apps in Bangladesh in 2021 Kormo Jobs by Google Kormo Jobs is one of the growing job searching apps in Bangladesh. Kormo is an initiative from google itself. It mainly focuses on entry-level jobs, with guidance towards the job interviews. Besides, you can get the customized job recommendations from the verified employers considering your interest, location, and qualifications. You can easily create and download a free digital resume within a few minutes. Once you create the profile, you can get access to all the available jobs that suits you. Besides, you can get real-time updates on your job application. Kormo Jobs focuses on retail, logistics, hospitality, and the services industry. However, Kormo is available on android devices only. But you can get access to the website through your iPhone. Read Best Ride-Sharing Apps in Bangladesh Job Circular Job Circular android app collects all the job recruitments post from all the daily newspapers and different sources. After that, they post those in the app. Besides, you will get all notices regarding different competitive examinations, including the schedule and results. You will also get updates on various weekly job magazines in the application alongside helpful information in preparation for the recruitment exam. Other core features of the app are notification of new and important job news, categorize the notifications, search based on job category, reminders before the application deadlines, and more. Read How to Earn Money from Facebook Jobs BD It collects government job circulars from different government websites and magazines as well as private job circulars from different private websites and showcases them in the apps for the users. You will find the circulars of government and private jobs in Bangladesh in the form of regular updates. So, whoever is looking for a government job or relevant private job, Jobs BD might come in handy. Using this app is simple and fun for news users. You will find the most important buttons on the home page and can easily get the information by touching the useful buttons. Furthermore, you can easily download specific circulars by touching on the text Download / Download. Read How to Earn Money from YouTube Channel BD All Govt & Bank Jobs App This application is a great source to find government jobs and bank jobs for free of cost. It collects all the related data from various sources and puts them in the app. Using the app, you can save or print the job circular. So, this can be your one-stop solution to find numerous jobs. However, BD All Govt & Bank Jobs App is available only for android phones and tablets. BDALLJob The latest information on all types of jobs and job tests, schedules, and results can be found in the Bdalljob app. The app filters the jobs in a variety of ways and provides the opportunity to download a job in HD image or PDF. Besides, every time the app posts a new job, you will get a notification. In the job category, you will find all the job news of banks, various ministries, Bangladesh Railway, BCS, and non-cadre. In the private jobs category, you will find bank jobs and jobs of all non-government organizations. On top of that, you will also get all job-related exams, schedules, and notices in the notice category. You can download the app on your android devices only. Read How to Earn Money from Instagram Job Circular App This is an essential Android app for job seekers who are searching for authentic jobs from different sources. Along with the job searching feature, you will get different admission test results and test-related notices. The app also has an age calculator to find out the age for a job. Besides, you will find a lot of necessary information in the study button for job preparation. There is a one-click download facility in the app. Bottom Line Apart from these job searching apps, Facebook is also a useful source to search for a job. Facebook has a job posting and job searching section in their app. However, it is not popular yet in Bangladesh. For now, you may rely on the 8 apps we have mentioned here in this article. Read Work from Home, Earn and Be Your Own Boss
Business requires investment. But due to the multifarious effect of the COVID-19 pandemic situation, it is difficult for many people to start a business with huge investments. What if you want to save money and simultaneously want to start a new business? Interestingly! some business ideas require creativity and exclusive ideas rather than lump sum money! Here are a few zero investment business ideas to try amidst the pandemic. Low investment business ideas Starting a Dropshipping Store E-commerce hasn’t seen a surge quite like 2020 as the pandemic has forced many at home. With many retail outlets shut and lockdowns becoming routine in some parts of the world, the online platform was the immediate option for shoppers globally, while delivery services were working overtime. Dropshipping is a business model that resembles e-commerce, but the goal is to be a third-party distributor that coordinates with suppliers, locally or globally. When supplied to your e-store, customers can enjoy your catalogue of products with an altered price based on your targeted figure. Read Work from Home, Earn and Be Your Own Boss Without any investment, this becomes a solid way to serve as a platform for affordable goods and experiment the demand for certain products within your demographic. Committing to a small portion for a couple of months is a safe start and feeling your audiences from there would give you a better indication of which suppliers are better suited to your needs. Committing to a niche range of products in a specific market has its pros and cons: One of the biggest pros would be reducing your competitors, establishing a better organized network of suppliers and a better understanding of your customers. The cons would be its toll on your company’s branding during the early phase, being overshadowed by newer trends and unprecedented costs as suppliers change prices. Read How to Earn Money from Instagram Design and Sell Printed Merchandise Kind of dropshipping, but headed towards a niche. Websites like Redbubble and Society 6 offer brandless products such as bags, mugs, t-shirts and much more to consumers - strictly online. But the twist is that these companies collaborate with artists from all over the world who want to showcase their art pieces on a commercial scale. The term is Print On Demand (POD) and designers who successfully sell their pieces online receive a cut from each sale, giving consumers the flexibility to be the selling party as well. Also Read: Bangladesh achieved commendable success in e-commerce during pandemic Designs do not necessarily have to equate to art; logos, doodles and even texts can make their mark as the next big thing on your platform, while you get to keep at 70% to 90% margin. If you choose to go down this path, getting suppliers of your brandless products becomes easier and harder at the same time. Easier because you can go for the absolute cheapest products in the market as its quality is superseded by the print on them. It gets harder reading the market and knowing the print industry, as certain products will be in demand that you might have missed out on, or certain products that have already been procured may translate print poorly. To commit to this field also means incentivising artists to upload their work on your platform, rather than your competitors - which is where assessing your costs and risks delicately becomes incredibly important. Read How to Earn Money from YouTube Channel Sell For a Charitable Cause This is where product sales can start to go offline if retail restrictions are not hindered in your area. Regardless of what you sell, the marketing strategy is to highlight the cause of each purchase and how much of the money will go to a charitable organization. Collaborating with various charities is a good way to raise awareness for the specific field - where your company becomes a bridge for charities and the average consumer, while still getting to make a profit. Much like the design idea, a cut of each sale will go to your partner and making 100% of the sales is something to avoid expecting when getting into this area of business. Read Quarantine Income Opportunities: How to Earn Money during Lockdown Period? The most important strategy to get started on this business model is to find a charity that truly resonates with you. Whether it is the elderly, students who can’t afford an education or abuse victims, finding “your calling” is the key to making the entire business process seamless and even exciting. Believing in a cause and spending some time with the charities before approaching the marketing and sales angle will give you more insight into ways the profit can actually help the organizations. Consumers love to be informed and giving a cost breakdown with testimonials added to the mix can make all the difference in the success of your business. Read Best Personal Loans in Bangladesh to Make Your Dream Come True Sell Digital Services The online world is vast; so vast that your options to start up a digital service are almost endless. A mix of software knowledge, understanding of the market trends and creativity are all needed to pull this off. Although it may seem intimidating at first, the large pluses stem from not needing to coordinate with suppliers, distributors, manufacturing and shipping. Providing an online service doesn't have to be a radically new idea that revolutionises the commercial market; it can also be a massive improvement on a digital platform that already exists. Also Read: How to Earn Money from Facebook Whether it is photo editing, project management, fitness scheduling or even music editing - the key is to find the niche that best suits your talents and interests, then set up from there. A user-friendly interface can be considered as the meat and potatoes of your selling point to begin with. Notice certain companies making stellar business models on desktops that poorly translate mobile? Your digital service can take advantage of this and provide consumers with hassle-free solutions. Innovation doesn’t come easy, but market statistics have never been more transparent, which allows you to identify gaps in certain\ industries that will let you make your mark seamlessly. Read How to Create a Personal Website on WordPress. Bottom Line The pandemic has turned a lot of businesses over on their heads; with certain industries taking the brunt of the global economic downturn, while other unassuming businesses rising to demand spikes globally. Pay cuts and layoffs have made the economy an intimidating place for new businesses to strive while struggling workers turn their attention to more cost-effective fields to make ends meet. In this article, we have discussed some low investment business ideas that you can try during the pandemic situation. Pick the idea that suits most your interest, passion, and creativity. Hope it helps! Read F-commerce entrepreneurs rising significantly: Palak