This is a boom or bust business. One relative went into this business out of college and just couldn’t get any momentum going. Whereas a friend of mine who had sold his retail store business has quickly become hugely successful at commercial real estate. My friend is highly charismatic, he could carry on a conversation with a tree, and he is always meeting new people. He also worked for an established broker for a year or so before going on his own, which is a typical path in this business. While it can be difficult to build momentum initially, the potential upside is much higher than selling residential real estate.
Most people, even those many won’t admit it, love moving their bodies. It’s also a great workout. If at some point in your life, you had to hang your dancing shoes for a more sensible office job, there’s nothing stopping you from earning money with this side business idea as a passion project around your day job. Part-time dance instructors get a fraction of the pie that their full-time peers enjoy, but it can add up to hundreds each week if you’re consistent—making for a great side business idea to those with the skills and drive.
Like Karen, I would like for someone to help me with the “how to” part. I have a couple of business ideas, but when you start researching on the internet you are barraged with plenty of sites that lead you no where, and don’t answer specific questions. @ Karlene: How could I get your information?
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
There is something special about the first edition of a rare book and people will spend big money to find the exact book they want. And then there is the shop itself, a rare book shop is such as wonderful antidote to our way-too-busy Internet world. Yes, you can make money with rare books but this is a profession that I suggest you ease your way into gradually, getting very comfortable with market demand and pricing, before investing in inventory.
As a PR agency you work with businesses to promote their latest products and represent them as a business. With many niche businesses these days, you could start a PR agency focusing specifically on a specific business niche. Operating in only one niche would allow you to specialise in that niche and know exactly what the market wants.
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.
Another idea someone could do from home is to start a service or write a software program that scours local ad listings (like craigslist) for a particular used item a person wants to buy. They have services like this for new items, but not used. I know others like me who are keeping their eye out for something used (like a canopy king bed!) but don’t have the time or inclination to search for it every day.
If you’re a business owner, you know what’s at stake and how much risk is involved in running a company. But how do you handle the fear of failure? Where do you go for advice and guidance? That’s why finding a peer community is so important. Not only can this provide a confidential atmosphere where you can find support and valuable insight, it can be instrumental in the process of learning the most efficient and effective ways of taking your business to the next level.
I’ve been providing a simple ‘green’ service at commercial properties since 1981. Using only hand tools, I perform a daily litter cleanup service for the exterior property (sidewalks, parking lot, landscape). Almost as easy as going for a walk! I generate a six figure income yearly from this simple, home based, low cost start up business and I can teach you how to do the same. Details online: http://www.cleanlots.com. Affiliate program available.
Sometimes I’d do a little touchup work, such as a new wood trim or a coat of paint, occasionally I would contract out an engine repair, and always I would clean them the boats. Like any trading business, you need to find out what sells easily and at what price, and what you want to stay away from. Brand name outboards, specifically Boston Whalers, sold well for me. Sailboats, on the other hand, took forever to move.
This seems like a fun and easy business and it can be very rewarding. However, it is very competitive and can be hard to break into. Interior design is also increasingly sophisticated, with software design simulation and specialized educational backgrounds becoming more common.
A neat bonus of attending a craft class is that not only do you learn how to do something new, but also that you get to go home with something tangible—your finished craft project! People are often willing to take a craft class if you can market it in an appealing way. And focusing on what the finished project will look like is one way to get people excited about signing up!
Thanks Oak, and I agree that many of these are for when you have a lot more time than money. We put in a lot of time (at least initially) starting our internet publishing business. In fact, you can often substitute time for money in many ways when starting.
Then you can move on to more immersive sales education through online courses like Sales Training and Prospecting on Udemy, The Guide to Pitching and Selling Clients on CreativeLive. Once you’re ready to put your selling skills to the test, check out Angel List and see if any sales position opportunities align with your interests—the last thing you want to do is get stuck selling products or services you’re not interested in. However, by starting out your sales career as a side business idea, that gives you the flexibility to easily change courses if you ever need to.
Wedding planning could be good fit for someone who has experience in party planning, event coordination or hospitality. Strong organizational and communication skills, the ability to work weekends and patience are necessary.
I have a friend that is the city manager of a town of about 25,000 where his main task is processing requests for building permits. Actually a volunteer-type job, no salary. But he makes a bunch of contacts every day, and his address book is huge. So he is busy all year except the Holidays. To fill in this time he started a Christmas tree lighting service (houses, lawn ornaments, etc.). In this 3-month period he makes enough to keep him going the rest of the year.
For many people, the idea of getting paid to shop is a dream come true. There are many mystery shopping scams to beware of, however. Never accept a gig that requires an upfront fee—that’s a good sign it’s not legit. According to the website Scambusters, legitimate mystery shopping can pay anywhere from $8 per job up to $50 to $100 per job.
A lot of people make some really neat crafts. But to be able to make money at it, you also need to be able to price your products reasonably—and allow yourself enough money to bring your product to market. That being said, there are more markets than ever for your products! In addition to local retailers and craft fairs, you can sell them online, on your own website, or through third party sites like Etsy or EBay.
Set up your home office. To work effectively, you’ll need to have a dedicated business space within your home. If you work locally, this is also your commercial space. You’ll need to create an area separate from family members, pets, and other distractions. If possible, separate this area as much as possible from the rest of your home. The physical separation will help create mental separation between your home life and work life and also make the tax deduction for a home-based office less subjective.
This probably won’t work if you reside in an area that doesn’t have a lot of tourists, but if you do and are intimately familiar with popular sightseeing attractions than start your own tour guide service.Again, a website and some business cards can get you started. You can also sign up with a website like Vayable.com who will find customers for you – for a cut of the revenue obviously.
Most popularly a website or a blog. Other ways of finding potential clients include door-to-door methodologies (or the online equivalent to this – email spamming) , using existing connections, actively recruiting by going to relevant gatherings or even organizing them (or the online equivalent to this – participating or opening up a forum).
Remember, whatever business you decide to start you must have a passion for what you are doing. Without enthusiasm and excitement, you’ll become bored and unmotivated, and ultimately it will fail. Don’t just follow the money, remember to follow your heart.
You hear about these opportunities, and they often sound like scams. But the truth is that the medical industry has a great need for individuals to transcribe audio dictations into coherent reports. Transcriptionists do need education—generally a two-year degree—to make sure they are clear on the arcane medical terminology. Median salary: $32,900.
Even small businesses need all kinds of insurance and you can help them by getting them the coverage that will help save their business on a rainy day. To succeed in this business, you need to be outgoing and network well. But you also need to come across with a smart, consultative sell, not a hard-core pitch. It will take some time to build a corporate insurance brokerage, but this kind of business offers both high income potential and the possibility of someday selling it for a high multiple of earnings.
While it demands creativity, patience and expertise, makeup consulting is a business idea that requires relatively little formal training. There’s a market for customers who just want to spice up their personal looks as well as an opportunity to work with theatrical productions and other organizations that use stage makeup.
Learn about employment laws. If you plan to hire employees or contract workers as part of your home based business, you will need to know how to navigate labor laws. These include, but are not limited to, minimum wage, overtime pay, required benefits, and other fair compensation regulations. It’s best to hire legal counsel to make sure that you do not run afoul of these regulations.
Like recycling, this side business idea requires the willingness to get your hands a little dirty. If you enjoy working outdoors, then you can make a pretty good side income cleaning up litter outside retail, office and industrial properties—especially for businesses that have large parking lots that need regular cleaning. Property management companies need their properties maintained litter free and you can do so with an on-foot service using inexpensive equipment like this cheap pick-up tool and a broom. Charge for your time at $35 – $50 per hour and bill your clients the same contract price each month. For even more on how to get started with a litter removal side business idea, check out Cleanlots.
If you know a second (or third) language, you can make a living at home translating documents. It’s a global marketplace, and even the best translation software can’t understand linguistic nuance. Median salary: $43,300.
I learned a lot about resume writing as my book publishing company became the leading seller of resume books in the US. Resumes are not obsolete, even if you don’t always use one when applying for a position online, recruiters expect you to bring a resume to the interview. With the Internet, you can help write resumes and cover letters for anyone in the world. If you can write succinctly, you can write a good resume.
This is very competitive. Just a few feet away from me in the co-share space I am working in currently, several young people started an Internet based food service, but gave up after a few months. But there is a huge demand for food delivery both from restaurants and grocery stores, and you just might be able to make a go of it!
Advertising and marketing companies are always looking for freelance copywriters to help with their creative projects. You can set up a home office and put your creative and marketing savvy to good use.
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.
These businesses have been around forever, and I have hired temp workers through them from time to time, typically for simple packing or assembly type work. Historically your success would be largely dependent upon how successful you were at making sales calls on companies that hire temporary help. But today you can also bring sales leads to you through online marketing.
Succeeding on Airbnb is all about selling an experience, not just providing a room. The first key to Airbnb is making your property look great online, with high-quality pictures that make your offering stand out. Combine that with reasonable pricing and friendly customer service, and Airbnb can become a goldmine.