You can start by offering your services to friends and family and use the profits to build your professional credentials, perhaps by joining an organization like the National Association of Professional Pet Sitters.
For some of you, you’ll want to know exactly how to go from the math to building an online business machine — finding the idea, the traffic, packaging and productizing and pricing. I’ve spent years putting the very best of my strategies into a course, Zero to Launch. It’s not open yet, but I will open it next week with all-new material.
Any business that does not require a storefront would be suitable for a home business. That is, any type of professional service, small-scale manufacturing, or something like that would be great. However, a restaurant or auto-parts store would not make a good home business.
Set yourself up for success by taking these early steps to create your ideal home office. By dedicating thought and consideration to your workspace, you’re already well on your way to being productive.
You can build any number of different photography based businesses from your home. You can be a portrait photographer, wedding photographer, nature photographer, or basically any niche that interests you.
I would recommend that you hyper specialize if you are starting an e-commerce business. Why? Because many e-commerce websites have very deep pockets and patient investors and are willing to sell products for razor thin margins (i.e. Amazon) or even at a loss to build market share. That being said if you can show some solid revenue in this business, and especially if you have repeat customers, you will have a business that is worth a lot of money even before it is profitable.
There are many website owners that simple do not have time for their website anymore and just leave them until the hosting runs out. If these websites have consistent traffic they could be potentially profitable. You could start a business selling websites for website owners and taking a commission for the sales.
This is not my favorite business on this list but I feel compelled to list it because it is so popular. So why is it not my favorite? It tends be very competitive, hard work and relatively low profits. So, if you do go into this business I would do everything possible to differentiate your business and to be able to charge premium pricing.
Choosing the path of entrepreneurship, and working on your side business idea, is without a doubt riskier than being content with holding a 9-5 job. It requires way more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business idea than you ever could at your day job, the hard work will have all been worth it. So, let’s talk business ideas.
While I think this post is a good source for IDEAS, I think a lot of them are lucrative because you either haven’t been professionally trained in the field or you’re accepting risks that most businesses insure against and account for in overhead. To pick out a few to explain:
Believe it or not, eBay is now more than two decades old, but it’s still the most viable platform for setting up a home-based business online. Big success stories have been around for years now, but there is an enormous amount of competition on the site.
Once you gear up to get your business off the ground, you may also want to consider getting a business credit card. Not only can a business credit card help you manage cash flow as you get started, but the right card can help you earn cash-back you can use to run your business as well. The Ink Plus® Business Credit Card is a smart choice for anyone who wants to earn flexible points on their business spending. At the moment, the signup bonus alone on this card is worth $600 in cash back! Meanwhile, the Ink Cash® Business Credit Card awards you with $200 in cash back after you put $3,000 of your new business expenses on the card within the first 90 days. Plus, this card comes with no annual fee.
Note that many of these ideas could have been listed in more than the single category I placed them in. But I thought it would easier and more interesting for you, if I only listed each business once.
The holidays do bring cheer, but when winter comes, so does the snow. Thick, traffic-hindering piles of it. Snow can be fun for a while but somebody has to get rid of it for our lifestyles to continue onward. Make extra money with this side business idea from home by offering snow and ice removal services.
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!
Whether if it’s a new business or family that just moved into town, you can can refer them to restaurants, accountants, lawyers, landscapers, babysitters, or vendors. You’re biggest costs is networking, marketing yourself to the community, and placing ads online and in the Yellow Pages.
During my long search for an online business, I found a network marketing company that’s just about to do its public launch. It was set up specifically to run online. In this way, you can contact only the seemingly endless supply people that have already shown interest. You don’t have to worry about those dreaded headaches of old-style network marketing. Because it’s built into the process members are freely interact, communicating and supporting each other openly online without asking whose team they are on. With the network marketing business model and the vast market on the internet, I think that a lot more people will find this option appealing.
If you’ve got business expertise already, you can help other entrepreneurs launch and maintain their own businesses by offering your services as a business plan consultant and writer. Help your clients figure out their ideas, goals and finances for their businesses and put them all in one organized business roadmap. You can also help conduct market research for your clients, so they can determine how successful their businesses can really be, or if they need to make changes or go in another direction before wrapping up their business plans.
In my book business, we had up to seven full time publicists on staff, and yet we would still hire outside publicity firms to promote our books. Most publicity work is promotion work—getting attention for businesses and their products. Most publicity firms specialize, for example one firm may specialize in promoting high tech firms in Boston, another may specialize in promoting restaurants in Providence. Many of the national publicity firms I have used were founded by somebody who had previously had experience working at a media outlet. But this business isn’t rocket science…if you are good at networking and you can get promotion for your clients then you can succeed at this business.
Scour local Goodwill stores and garage sales for antiques or high-demand niche items that can earn a decent price tag online. Pick a specific niche, research it, and become an expert so you know exactly what kinds of products to look for and what they’re worth online.
Wouldn’t you enjoy making kids smile and laugh? What a great way to earn some good money, especially at kids’ birthdays and Bar and Bat mitzvahs! Business will be heavily focused on weekends, so you can hold onto your day job as you build your clientele. I met a professional clown who told me that he charged $200 an hour…for that price I’ll put the clown suit on right now!
Refusing to accept that I had no musical talent, my parents took me to many music teachers over the years, from a home based piano teacher to school based trumpet teachers. If you are patient with young students or talented enough to work with more experienced musicians, this could be a very satisfying way to make some good money.
Do you have a piece of furniture that you love, but it’s looking a little ragged? Instead of purchasing a replacement you could have it upholstered. And, it’s pretty solid business idea as well. You can also repair and upsell used furniture for those who prefer quality pieces of furniture at a decent price.
Many families with kids, including single-parents, have very limited time resources, creating a demand for part-time child care providers (and a business idea opportunity for you). If you love kids and have some spare time, you can earn plenty of side income by looking after children while their parents are away. Just be sure to identify the particular age group you’re comfortable caring for and you’re all set after any necessary certifications. Establishing a home-based daycare center capable of servicing six or more kids is also a lucrative way to really expand upon this business idea if you have the right environment for it.
We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet’s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.
Drones are scorching hot right now. In fact, drone sales boomed from 224 percent in 2015 to 2016 to almost $200 million. As Susan Ward writes for The Balance, “Drones are rapidly becoming an indispensable tool in a variety of industries.” If you want to capitalize on this trend you could start a drone-based business such as sales, customization, repair, training, photography, mapping, surveying, or security surveillance.
This is a good steady service business. To get started you don’t have to handle every single brand or every single repair. You can study manufacturer’s repair guides or watch instructional videos to get going.
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.
Annie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird, and exploring all that her home state of Michigan has to offer.
CashCrate is an online platform where you can start earning money by completing offers, taking surveys, watching videos, and shopping online using their site. Tasks pay out anywhere from a few cents to $30.00 or more. You’ll also receive $1 for just signing up for an account. Payments are made via check or PayPal.
The key with Web design is to carefully define a target market and, as is the case with graphic design, offer a service nobody else offers. Remember, too, that Web designers not only compete against each other but also against packaged software that assists with Web design, so a unique selling proposition is especially important.
Pet sitting usually involves going to someone else’s house to take care of furry loved ones. Pet sitting could even involve living in someone’s house while the client is away. You have to think about the types of services you’ll provide and the types of animals you’ll take care of, but generally pet sitting is a low-cost, high-pleasure business idea.
You can learn some helpful tips from YouTube videos on house painting, free Home Depot workshops, and some practice painting around your own home. Matt Shoup tells U.S. News & World Report he started with $100 and went door-to-door, eventually building a painting business with annual revenues of $2.5 million.
No, babysitting isn’t just for teenagers and college students. Quite on the contrary, if you call yourself an Au Pair instead, you can make some pretty good side money working nights and weekends with this business idea if you don’t mind the often odd hours.