I have seen people do very well building and renting residences for the elderly. This is a highly-regulated field and you do need to manage it carefully. Staff turnover can be sky high and “one-time” issues with residents and their families may seem endless, but there is a lot of upside here.
Several of my friends have done this both as a side business and a main business. The ones doing it as a side business have actually done better. I think that is partly because they have waited patiently for better deals to buy.
Because I am just a little bit techie, I get asked to video record weddings all the time. If video or photography are up your alley, starting a wedding photography business could be a great idea for you. If doing weddings aren’t your thing, there are other ways you can make money as a photographer as well.
In Boston one of the very best high skyscraper restaurant locations was taken over by a banquet facility company. The owner of this business grew up in the restaurant business but decided to build his own business exclusively around banquets. A banquet facility is an interesting alternative to the difficult restaurant business. You get to match your labor and food costs closely to your income. And by having a dedicated space and a tightly focused business you should be able to execute well.
Earning money on GigWalk is similar to working on Task Rabbit—not a bad side business idea if you’ve got the free time. You get to choose from an amusingly diverse range of jobs from taking snapshots of restaurant menus to counting the items arrayed on supermarket racks. It won’t make you rich though, with payouts tending to congregate in the lower half of their $3-to-$100 range. But, if you’re looking for a steady little side business idea, it can’t hurt doing a strange but fun errand and getting a tip at the end. When you’re bored or a little short on cash, you can access GigWalk anytime, anywhere via their mobile app. Meanwhile, all the jobs specifically vetted for you will be within reach (ideally, just a brisk walk away).
While selling items doesn’t seem like an actual internet business, some individuals turn it into a business by buying clothing, books, and various items at garage sales and thrift stores — then they turn around and sell it for a higher price on sites like Craigslist, Amazon, VarageSale, eBay, or Etsy.
You would think that you get your electrical contractor license and the money would rain on you forever more! I have been shocked with the prices some electricians have tried to charge me. Then again, I called back a more reasonably priced electrician who had done some work for me a couple years ago and he told me he went out of business for lack of work. This goes to remind you that in any business there is always some risk.
Yes, you can compete with the Starbucks and Dunkin Donuts of the world! However, these chains have raised the bar, so your coffee or tea must be not just good, but awesome! Your ambiance better be good too. Your location needs to be good as well. Plus, you need to be distinctive. One way to stand out is to compliment your world class beverages with some fabulous foods. So yes, you can compete, but you’ve gotta be firing on all cylinders in this competitive space!
Bob’s Rent-A-Bike was my first business which I started when I was 19 years old. For this business, you can set up service stations or other local business as your agents, giving them a percentage of the rental fees. Vacation areas and being near bike trails are great places for bike rentals.
There’s something magical about a cupcake that says fun and silliness and makes you feel good! You can cash in on that feeling and make others happy. But if you are specializing in cupcakes, people expect them to be excellent! And if you want to be remembered, they should be world class awesome!
The demand for skilled translators is incredibly high as the world becomes increasingly smaller. Whether if it’s translating legal contracts or translating blog posts for global eCommerce sites, this is a low cost business idea that is showing no signs of slowing down.Personally, I would search freelance sites like Fiverr or Upwork and start reaching out to people who are fluent in several languages to join your business. This way you can translate documents in a variety of languages.
Cooking classes have become much more than just a way to instruct people in cooking. They have become more of a social event where for example, couples enjoy a cooking class together, get to meet some other people, enjoy sampling the food they cook, perhaps try some fine wine, and have a great experience. So carefully define whether you are selling the expertise, the experience, or both, and build your business model accordingly.
With social media at your fingertips, this is the single best time to build a brand online. It wasn’t that long ago that you needed to hire a PR agency to create brand identity and awareness. But now, if you are determined and diligent enough, you can build a brand by creating quality content every single day and leveraging social media outlets to attract and engage an audience.
Was a great time, good money and I met a lot of extraordinary people that still after 9 years since I moved to Spain, they keep asking me for advice (where to buy materials, clues as where to find good labor, etc.)
This is Tim Ferris doctrine here. Find a niche, find 1,000 passionate customers, and boom, you can get it done from anywhere in the world. Location-independent. That is why, me, personally, I dig the e-commmerce oriented sites. That’s just me though.
Once you’ve gotten your workspace set aside, decide what you need around you to make you most productive. Aside from the usual paper clips, stapler and pens, here are some other items to keep in mind:
Sales tax registration. If you sell tangible goods—even online—you may need to collect sales tax from your customers. Plus, many states tax a wider variety of services than they have in the past, so you may need to collect sales tax if your business is a service business. If you are required to collect sales tax, you will need to apply for a tax permit. (In most states, you must have registered before your first sale is made.) You can obtain more information from your state’s department of revenue website.
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel’s great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you’ll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
Listen to my interview with serial entrepreneur and investor, Michele Romanow about how she built an app that earned $500,000 in 3 months (as a side business idea outside of her day job) and how she eventually sold the company to Groupon. It’s seriously incredible.
Companies large and small need to be posting regularly to social media or they will be left behind. Many companies outsource this work to social media specialists. This is a great business because you will receive ongoing work and a recurring revenue stream. And the work is easy enough that over time you can delegate the day to day posting work and build a social media agency empire!
It’s easier than ever to find a trend and turn it into a full-on entrepreneurial venture. Channel your passions and skills to leverage a professional opportunity in the new year. Here are 12 great business ideas for 2018.
If you have the right touch, this business can be a goldmine, and very personally rewarding. One of my business school classmates changed into this career later in life and did very well, specializing in putting together highly talented teams for well financed startups, and early stage ventures. The typical head hunter makes endless cold calls–but at the higher end firms networking is much more important.
If you love pets, this home-based business could be a good fit. You can either care for pets in your own home or care for your clients’ pets in their homes. You’ll need to be reliable and have a flexible schedule to meet the needs of your clients.
Allen Brouwer, co-founder of Best Self Co. and one of the eight winners of Shopify’s recent Build a Bigger Business contest, did exactly that, winning mentoring from the likes of Tony Robbins, Tim Ferriss, Daymond John and other business luminaries.
General business license. The jurisdiction where your home is located is likely to require a general business license. This license serves a two-fold purpose. First, licensing protects the residents of the city or county by identifying businesses operating in its jurisdiction. Second, licensing raises revenue for the local government. For this reason, most general business licenses must be renewed annually.
Investment: The startup costs should be low; you’ll need to create a website and promote your business. If you don’t already have the required skills and experience, you may need to take some training or courses.
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.
Working from home can be a lot of fun — if you’ve chosen the right career. There are now more options than ever when it comes to home-based businesses. And some of the opportunities might be just what you’re looking for if you want to add some more fun to your life. Below is a list of the most fun home based business ideas.