Self-employment is becoming the most popular career option among many individuals belonging to the Millennial and Generation Z generations. More and more younger people are creating small businesses, seeking to be their own boss. Unfortunately, it can be very hard to start a small business, and some people have no idea where to start. Others have no idea what type of business they want to start. Here are four popular options for those seeking to become self-employed.

#1: Blogging

There are countless blogs on the internet, with many of them making money. If you have excellent writing skills and have a certain niche, or maybe you just like to write about anything, then this could be a way for you to earn money. The first thing you'll need to do is to find a hosting platform for your blog. Next, you'll need to decide on a name for your blog, which could also be the domain.

For a more professional look, you can invest in website design services to create a look for your blog. Once all of the minor details are sorted out, it's time to create your first post or a couple of posts. After this, you'll want to promote your blog to get people interested in reading it. Most platforms will allow ads to run on your blog, and you'll make money every time a reader clicks on the ad. Other ways to make money from blogging include affiliate marketing on your blog and writing reviews of products/services in exchange for money.

#2: Dropshipping/E-Commerce

Dropshipping is when you sell products for another company and you "ship" the products to the consumers. Several young people have seen success in the dropshipping business. However, there is some risk to dropshipping, so this method usually works best when you want to see if there is a market for a particular product. If you find that there is a market for it, you can generate some suitable income from this type of business.

It's fairly easy to get started with dropshipping, and since you don't directly handle products, you don't have to worry about storing your inventory--- which also means that you don't have to worry about shipping and handling. Other benefits include not having to worry about maintaining a stock level or handling returns.

#3: Rental Properties

Maybe you've noticed that the national average price of a single-family home is around $254,000, which is a pretty affordable price. Depending on where you live in the U.S., these prices can be much lower. This, in conjunction with the fact that more and more young people are renting, as opposed to buying, means that there is potential to make money from rental properties.

Rental properties are typically residential properties, such as single-family homes, duplexes, etc. Commercial properties, such as places of business, can also be considered rental properties. Vacation rentals are extremely popular too, since a variety of people look for lodging on sites like Airbnb. Investment properties on Airbnb are a great way for you to earn extra income, or even become your main source of income. This can also be a way to get your feet wet in the world of investing, which is another way to make money.

#4: Write a Book

Like with a blog, you can write a book about anything you'd like. It doesn't matter if your talents lie in fiction, self-help, or even recipes, you can write a book on just about anything. There are also many ways you can publish your book: Amazon is a popular platform where many have published and sold their books. You can also write books on social platforms like Wattpad. You may not earn money at first, but you have the potential to become a paid writer.

These are just a few ideas that don't require the need for a business plan. You also have the option to create a physical business that provides goods or services.