You’ll need to see if any local or state permits are required and you must follow the U.S. Food and Drug Administration’s guidelines on pet food products. You’ll need a good recipe and a selling point that will make your tasty treats stand out from competitors.
Ghostwriting pays pretty well, and if you’re talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO’s—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
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What’s your favorite color and scent of soap? Wouldn’t it be fun to play around with variations to be make it even better? And then you could take your finished product and go show it off to potential customers!
You’ll need a Website, a strong brand, a service niche of some sort and a willingness to network, but opportunities to become a virtual assistant do exist for those who are organized and willing to help organize others.
There are basically two businesses here and I would tend to focus on one or the other. One is providing medical help such as skilled nurses. The other is providing senior companions. Both can be great businesses with long term revenue streams and high demand.
It’s not very engaging, or mentally stimulating, but online surveys do pay out (a little), believe it or not. Just don’t expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income.
The key to success in this business is being very disciplined in buying. Limit your car buying to popular models that you can turn over quickly, models that you have a strong understanding of current local pricing on, cars that you can buy at a significant discount to the price you believe you can fairly sell them for, and cars that are highly unlikely to need major work.
If editing and advising college students on how to write compelling 500 word essays on topics such as “You were just invited to speak at the White House. Write your speech,” seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.
Blogging is a growing career field that can encompass a variety of different niches and topic areas. If you enjoy writing, photographing and otherwise chronicling your family activities, it may even lead to a career as a professional blogger.
I couldn’t believe it when I first heard how expensive window treatments were! But now I understand, they add a lot to the appearance of a house, and to the utility of particular room. There are lots of reasons why this is a great business. It is a combination of sales and service, especially if you are doing the installation. And people like to see the textures and colors you have to offer in person. You can start this business on a mobile basis with low overhead, calling on customers at their homes and eventually open up your own storefront.
No one likes doing taxes, and they need to be paid whether the economy is booming or tanking. This is why at-home tax preparation can be a great business for anyone with a tax background, or anyone willing to take training courses. Since there are annual changes to the tax code, you will need to refresh your training each year, and you will also need to register with the IRS as a tax preparer. This is more of a seasonal business than a year-round endeavor, but it can be a great way to earn some extra income each winter/spring. Median salary: $30,900.
Home-Office Deduction: Just like it sounds, this deduction allows you to take into account all of the operating expenses for your home office, including the square footage of your home-office space, and deduct them from your taxes. The IRS has a terrific, easy-to-understand chart that outlines the different parts of this tax deduction and how best to calculate it. NOTE: Renters can also take advantage of the home-office deduction.
You could dream up your own product to make with your 3D printer. But instead I would tend to create products for other people, and not even finished products, but prototypes. I would develop a specialty within prototypes, such as for a particular industry.
Working at home can prevent you from developing workplace relationships and doing face-to-face networking for new clients. Push yourself to get out of the house regularly for lunch or meet with prospective clients or colleagues for coffee. And go to industry conferences. At the very least, make it a point from time to time to make a phone call instead of zapping off an email or text.
“Build your business as if you were building a $100 million dollar company, not as if you were building a one person start up. Once you start gaining momentum, you’ll wish you had the systems, processes, and hiring practices of the big companies and not the piecemeal processes of a start up.”
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.
While this is a long list of business ideas—I have carefully pruned it for you. I started out with an initial list that was more than twice as long…and ruthlessly chopped off the weaker business ideas that I didn’t want you to consider starting.
With nearly 100,000 different custom extensions both free and paid available in Google Chrome’s marketplace, there’s a huge opportunity for creating a useful extension for people to use while browsing the web as a low effort business idea. One of my favorite Chrome extensions, Yet Another Mail Merge, which enables you to send bulk customized emails from within Gmail, gives you 50 free credits to send emails and gives you the chance to upgrade to a paid account to unlock more sending—a great upsell for the people who are getting value from the extension. Even free Chrome extensions like SVRF Tabs by SVRF, which replaces your new tab with stunning VR and 360º images, have the potential to bring in new users and eventually drive revenue for the startup’s core business. Another fun example from a friend of mine, Kathleen Garvin, is Hide images with NOPE, a Chrome extension that hides images on the web pages you’re browsing—to help eliminate distractions and keep you from seeing images (like those of certain politicians) that you may want to hide. This side business idea is particularly great because it also allows you to showcase your development skills—which can be put to work as an adjacent side business idea on a freelance basis alongside the Chrome extensions you launch.
Since people are becoming more conscientious about their looks they realize that there’s no such thing as one-size-fits all – particularly businessmen and women. That’s why the custom clothing industry is an intriguing idea. It’s in-demand, but currently untapped. This means that there’s some serious potential for future growth.
There are plenty of platforms and places where you can sell furniture and home décor items. You can find old pieces at flea markets or second hand stores and add your own upgrades so that you can resell them for a profit.
There are all kinds of directions this business can go! You could sell hats to retailers, you could sell them online, you could sell them to event planners to liven up their parties. You could eventually even open a hats-only store!
I mean come on, who wouldn’t be interested in this side business idea? Getting paid to take care of a cute pup sounds like a dream. The prevalence of unattended pets is another side effect of busy life, creating job business ideas and opportunities for people with time, patience, and affection to spare. Just check out DogVacay and Rover to see what I mean. Would the payout be worth it if you try? One person in New York earns $3,300 a month just pet-sitting for busy animal lovers as his side business idea.
While there are all kinds of training that corporations will pay for, I am focusing on sales training because the demand is so widespread. It is an absolutely critical function, even for small businesses. If you don’t have great contacts at larger companies I would suggest you target smaller firms, such as those with sales forces of 6 to 20 people. Small enough so that everyone isn’t trying to sell them training, but large enough that they are likely to be willing to pay for it.
You will need to pay estimated federal taxes on business income each quarter, instead of once a year on April 15. Depending on the location of your business, you may be required to pay state and local income and business taxes, too. Go to the IRS Self-Employed Individual Tax Center to learn how to pay the federal taxes. You may also want to consult with your accountant.
If you think you have a reasonably good ability to judge which early stage businesses have the best chances to succeed then this is the business for you! However, the odds against any particular venture backed business succeeding are low, so you need to spread your bets widely, especially if you are betting on very early stage companies. To get started you may first want to invest with a group of angel investors, typically plucking down $25k or $50k for each company you invest in.