If you’re the sort who takes apart the computer for fun, operating an electronics repair shop out of your home is a natural decision. In particular, repairing iPads and other tablets would provide you with a great deal of business, as many tablet users are looking for a less expensive way to fix smashed screens and other damages that can be costly through the manufacturer. Median salary: $49,170.
In that case, you buy the building and hire a management company to handle the day-to-day hassles. I once tried to sell one of my online businesses to a 40-year old real estate billionaire who started out his business with just a couple multi-family homes.
If you’re artistically inclined, designing logos is a relatively simple business to start. You can service the high-end, doing very unique logos, or provide low-cost designs that start from templates and are modified to suit the client.
Like graphic design, Web design requires skills that can take years to acquire and perfect. But if you have them, the market is there for creating attractive, useful Web sites for all sorts of organizations. Starting a Web-design business does require some up-front investment, particularly in software, although candidates to start Web-design firms might have those applications already.
Enter: The Side Hustle. I’ve created an entire podcast to talk about the side hustle, featuring interviews with the world’s top entrepreneurs right here on—The Side Hustle Project. Listen to my episode about How to Find a Profitable Business Idea right here…
Sales Tax Permits – If you intend to sell taxable goods, on- or offline, you will need to obtain a sales tax permit. Remember that sales tax permits not only refer to where your business is located, but where you conduct business. Even if your state of residence doesn’t require sales tax, if you transact business in a state that does, you can still be liable for having a permit. Small business sales tax laws can be complicated, so do your best to understand the intricacies before beginning your business.
Nothing beats playing your favorite game. But getting paid for coaching a sports team and staying close to the action is the next best thing. Not only will you learn new skills, you’ll earn money getting your team into shape with this side business idea. The median pay for sports coaches clocks in at $30,400 according to the US Bureau of Labor Statistics. Expect to have only a slice of that if you’re signing up for part-time coaching as a side business idea only.
Saying no to anything that isn’t in your direct line of fire may be difficult to do at first, but can actually be one of the smartest business decisions you make in the long run. Even if it means firing your own customers. Why? Because it frees you up to focus on your target, it allows for more space and bandwidth to grow, and makes you available for the yes’s.
I guess we should start with the one that I am MOST familiar with. I have been making a full-time living blogging for almost 10 years now, and it isn’t a get-rich-quick scheme, but it can definitely make you some money.
An irrigation service installs and services underground sprinkler systems at homes and businesses. I use a one-person irrigation service at one house and have a larger landscaping service handle the irrigation at another house. The big work comes when you install a new system. But an existing system needs service every year including being “blown out” and turned on, and always there are sprinkler heads that need to be adjusted or replaced.
Alarm permit. You may need a permit from a “fire protection district” or the local government if you plan to install a commercial fire alarm system. If you provide home-based child care, you may have to have your home inspected by the local fire department prior to receiving a permit to operate your business.
If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
Thank you all for this great knowledge and wisdom! Mr. Steve Hillman, I’ll be looking you up on Twitter Sir. I’m open to building great business relationships with anyone. My Twitter handle is @tlb79thereal…
Bridal shows can be an important marketing venue for the purveyors of wedding goods and services. You could start in this business by helping vendors prepare their display spaces at various shows, and then at some point you may want to organize your own bridal shows.
Valentine’s day. Birthdays. Weddings. The list goes on and on—throughout the course of a year, there are dozens of occasions when people need to order flowers. What’s more is that once you’re up to speed with this business idea, your costs can stay relatively low if you know where to source your flowers, and typical margins are in the neighborhood of 300% (or more) on cut flowers which makes this a particularly profitable side business idea in the right geographic area. Check out this amazing interview with floral designer, Sara Tedford of Ladybird Poppy to hear about how her floral design company started out as a side business idea of doing weddings and events for her friends and family.
Invest in your home based business. Before you get started, there are often investments you’ll have to make in your business infrastructure. This varies based on the type of business you’re running. For example, if you’re running a printing business from home, you’ll need to buy a professional printer and paper for it. If you’re running an online business, it may be wise to upgrade your computer and internet speed. The time spent waiting for pages to load can add up and hurt your productivity.
Obviously, I’m a huge advocate for starting your own monetized blog. However, it does become a bit tricky when you’re trying to do it for free. First, you have two options for getting started – you can either use the free WordPress option or Blogger which is a commercial free platform. Both have similar features regarding functionality and design, and both can be monetized, but only through their respective ad networks.
Carpets make your home warm and cozy. But they also tend to gather dust, grime, stains, allergens and bugs over time. You can tap into this opportunity by launching a carpet cleaning side business idea or serving as an independent contract cleaner in your free time. Either way, you’ll need to invest in proper equipment such as vacuum cleaners, carpet brushes, and cleaning chemicals in order to launch this business idea. Look into the possibility of renting equipment for a full weekend and lining up 5-10 clients to service, to offset your rental costs. If you turn a healthy profit, you’ll eventually be able to invest in owning your own equipment and increase your margins, thus going from side hustle to serious business.
KJ Henderson has more than a decade of HR and talent acquisition experience. He has held roles at a Fortune 100 investment bank, a media conglomerate and at one of NYC’s largest executive staffing firms. He currently heads recruitment sourcing at a major movie studio. He read literature at Oxford.
If you understand design and have a passion for décor, a career in interior design could be a great path for you. While you may not technically need a formal education to be an interior designer, having a bachelor’s degree in interior design will definitely give you a huge leg up in the field. But if working for a design firm doesn’t feel right to you, try running your own interior design business from your home.
Cycling is one again becoming very popular with people ditching cars and choosing to cycle and avoid the traffic. However good bikes are often expensive to buy or riders have no one to ride with. You could start a business offering bike rides and rentals to customers as groups.
Believe it or not, some people have such a difficult time with dating, that they don’t even want to participate in the online (or app-based) component of it. If you’re a smooth talker, why not leverage that skill into becoming a paid match maker as a side business idea? People are paying.
When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests. It starts with learning how to discover your strengths as an entrepreneur, and it’s how I make sure I’ll be engaged, even when the going gets rough. I learned this the hard way when I decided to start a freelance business a few years ago to offer my freelance content marketing services.
From weddings to birthday parties to corporate events to conferences, the details of putting on a huge bash can be beyond the average party-giver. That’s why they’ll turn all the planning over to you. Median salary: $45,260.
There are many scams out there that will promise you tons of money and financial stability from home. Do not fall for these ploys. The best home-based business is the one you start with your own mind, heart and hands.
Thanks for all the great ideas. Persistence is key for any business to succeed. Additional business is vegetable farming in case you have a bit of a backyard. I sell the vegetables to nearby shop/green grocers in the neighborhood. This enables me to use most of my salary for other purposes since my daily recurrent expenses are taken care of.
A lot of people don’t want to leave their bowser at the busy kennel along with all the other dogs. They are willing to pay a premium and even drive a distance to a place where they believe their dog will be pampered.
Edward, I do not actually – I just did a search for a course for it and that was what I found. The course is sold from clickbank and they have a very good return policy, so if it is no good, it is pretty easy to get your money back – for what it’s worth…
Busy schedules can stress people out. It can also disrupt family life to the point that busy parents and homework-laden kids barely have time to prepare decent dinners and weekend meals. Hence, the surprising demand for part-time family chefs as a business idea. If cooking healthy and delicious meals is your thing, then this lucrative side business idea can supplement your regular income by helping feed busy homes. Hear Gaby Dalkin’s story of going from side business idea to full-time blogger while she was a part-time personal chef right here on my podcast.
If you’re running a small business out of your home, you may need tax registrations, business and occupational licenses, and permits from state and local governments in order to operate legally. Check to see that your homeowner’s association is OK with the idea. It might have restrictions.
Great ideas! I’ve been thinking about starting a home-based business for years but I just never stopped long enough to actually start and I didn’t know what kind of business to pursue. Now I’m ready to get started and you gave me some really good ideas. I really appreciate the links to more information on how to get started in several of these business opportunities. I will definitely look into them.
Whether you are helping a business with traditional marketing materials or instructing them on the fine art of blogging (ahem) and social media, this is a business that has almost unlimited potential for freelancers. Median salary: $108,000 (!).
E-books have made self-publishing a real income-generating option for writers who previously may have had trouble partnering with big-name publishers. If you have in-depth knowledge about a specific topic, crafting a well-written, informative e-book and selling it online can be a great way to supplement your regular income.
Many business and non-profit associations are too small to hire a full-time administrator but still have a lot of administrative work to be done. Some of the business groups I belong to, such as local chapter of The Young President’s Organization and The Harvard Business School Association of Boston, have hired an association management service which is typically a single individual or in one case a mother/daughter team. For these businesses, the management service processes membership dues and event payments, fields questions about events, arranges logistics for events, and attends events and welcomes members. Payment is usually on a monthly retainer basis.
Great list here! Some are very out of the box great ideas. I did find great success working from home myself. All I do is refer people to our services from home. When customers pay their electric or wireless bill, I get a check.
While you may first think of wedding planners or reunion organizers, there are many, many types of event planners out there. Some may specialize in parties for young kids, others in large corporate events. Think carefully of a specialty that you could do well in and meet participants in that field, before you open shop.