Hi, I really enjoyed this article. I think everyone has a skill they can market like being a VA, writing, web design etc for some extra cash. I think the main thing to consider when starting a business is if you can run the business with your day job. It’s great if you can build a service based business to work from home but it takes time to build these business to replace a wage – it took me three years. Great post!
Marketing is crucial to business yet it can sometimes seem like an overwhelming task. The key is to understand your target audience and find a way to get in front of them. It doesn’t have to start with all the bells and whistles, but rather a targeted and streamlined approach to start building your business in a scalable way.
It turns out, he thought the process of starting a business was really complicated. “I don’t want to go through all that stuff,” he said, “unless I’m absolutely sure my idea is perfect.” Like a lot of would-be entrepreneurs, he was stalling because he was intimidated by the apparent complexity of the administrative and legal tasks involved in starting a business.
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…
A money broker is basically someone who arranges short-term loans to people. A common variant on this is “pay-day lending” where businesses lend money to people who are typically looking for funds to hold them over to the next paycheck. These are usually storefront locations, closely regulated and not allowed in all states. This can be a solid business, but the regulatory climate is shifting against these businesses, so evaluate the risk of future regulatory changes, before hanging out your shingle.
Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram—creating multiple potential side business ideas that’ll come to you. If you have the right marketing skills and hundreds of thousands of followers, you can easily charge anywhere between $500 to $5,000 per post (or more)—which makes for a very profitable side business idea. Check out this fashion Instagrammer on ThePennyHoarder, making a significant income from brand sponsorships. Once you get some traction, to cut down on the amount of time you spend uploading images, you can make your entire workflow more efficient by posting photos from your Mac or PC.
After you’ve obtained the proper licenses and permits, this is a business that you can start at your home. In areas like Silicon Valley and D.C., this is a lucrative business. If you don’t want to run a daycare out of your home, you can still start a childcare business like being a babysitter, nanny, au pair, or tutor.
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.
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.
Ever tried to find child care on a Saturday afternoon? Unless you’ve got a standing relationship with a babysitter – and even then, it can be hard – there are few places you can count on for evening or weekend child care. Most states allow you to operate a home child care business and there’s little competition and a great need for off-hours care. Licensing requirements are different based on your state, but many don’t require a license as long as you keep below the minimum number of children.
Online, you can be an affiliate which sells almost any service or product the internet has to offer. In fact, Amazon has an affiliate program which allows you to sell everything from Amazon’s huge stock. Popular industries that have high potential, but also somewhat high competitiveness include: Financial Products, Dietary Supplements, Gambling and Commerce.
Swagbucks is an online platform where you can earn points called SB, which can be redeemed for gift cards and coupons. You can easily earn SB points by watching videos, playing games, answering questions, shopping online, and even surfing the web using their toolbar. Refer your friends, and you’ll earn even more SB points. Your SB points can be traded in for gift cards from Amazon, Target, Starbucks, PayPal, and Walmart. Swagbucks also gives you a $5 bonus for signing up! Swagbucks which is part of Prodege, LLC has an A rating with the Better Business Bureau.
Keep in mind, I’m only talking about setting yourself up to do business: I’m not talking about writing a business plan (although if that’s what you want to do, here’s a comprehensive guide to writing a business plan), sourcing financing, developing a marketing plan, etc.
If you’re organized and are a planner, then why not take care of the arrangements for events like birthdays, retirements, or weddings? It’s always in-demand and can be profitable.If events aren’t your cup of tea, you could become a project planner for a business that doesn’t have an in-house project manager in order to keep their teams focused and on-track.
A personal concierge handles everything from managing schedules to running errands like taking clients to the airport or their dog to the vet. In a nutshell, it’s being someone’s personal assistant. But, depending on the market, it can make you some serious bank.
The big problem for many of us is that working a full-time job makes it too exhausting to even consider trying to find an alternative outlet. Many of the world’s most successful entrepreneurs struggled with this when they wanted to start a business for the first time while they still had a day job.
Social networks are great for small businesses to take advantage of but many of them do not have the skills required to successfully market their businesses on social networks. If you know how to use social networks such as Twitter and Facebook to successfully market a business then you could start charging for this service. This is a business that you can run from home and will require little initial start-up cost.
From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.
Set up a dedicated phone line and internet service. Almost all businesses will require contact with customers over the phone. In order to ensure that your line will be free when customers call, you’ll have to get a dedicated phone line for business use. You should also sign up for voicemail rather than using an answering machine. This sounds more professional to customers. You should also add an internet connection that is fast enough for your business purposes while still remaining affordable.
Build your own social following and create a personal brand for yourself like Matt Nelson, founder of WeRateDogs has done (thus growing his following to more than 2.8 Million people), and countless opportunities will come your way for turning this side business idea into a full-time business.
Companies that provide employees with uniforms often also arrange for them to be cleaned and pressed every single day. You can specialize in certain types of uniforms and/or certain types of services. For example, you could rent uniforms to companies and handle all of their cleaning and pressing needs. You could lease or sell uniforms to companies and then either provide cleaning and pressing services or not.