Know someone who rents out property to others? Perhaps they could use a hand managing their property. If so, you can make a decent amount of money on this side business idea with relatively little work on your part (most of the time). It’ll take some hustling and the willingness to be flexible with your schedule, as you’ll be responsible for collecting rent checks, managing repairs and improvements, and simply being on call for emergencies. But, a property manager is essential for most real estate investors that have a large enough portfolio, so there’s definitely merit to this business idea.
Since I started blogging, I have seen the freelance market explode. There is a huge demand for content and so there are a lot of ways to make money writing it. Jonathan wrote a great article about a few legitimate work from home jobs – most of which were freelance writing.
Most pet owners don’t quite have the stomach or the time to clip nails, bathe, or give haircuts to their animals. With a couple of small tweaks to a bathroom, basement, or laundry room, you could have a full service doggy salon in your home. Again, it’s important to double-check your local requirements for this.
The entire productivity market was missing a reliable and trustworthy virtual assistant service. There were resources to find freelancers, but the time and effort spent to find a quality freelancer at a reasonable price far outweighed the reward. There was an opportunity to fix this pain point with reliable, vetted, and quality-guaranteed freelancers.
Multifunction Printer: Most printers today are also outfitted with scanning, copying and faxing functionalities, so you can purchase one slightly more expensive machine instead of four separate ones. When looking for printers, take into account the cost of the ink as well. Depending on your business needs, you may not need a full color printer, and this can end up saving you a lot of money over time. If you have a high volume of items to print, consider investing in a laser printer or something with a higher speed. Also, keep in mind that when the need for major print jobs arise (i.e. a lot of copies, full color), you can outsource it to your closest office supply store or Kinko’s.
This is a really big business that you probably don’t think about a lot. On the high end are the museums. For example, in Boston the Museum of Fine Arts performs art restoration services for other institutions. Then there are the serious individual collectors. Then there are people who just want their old family portraits touched up…and that’s the part of the market you will first want to focus on if you don’t have a lot of expertise.
With very low overhead and a skill set that is very easy to learn, housecleaning is one of the easiest businesses to start. Depending on how much you want to grow, the income potential is pretty limitless.
I like this idea! Instead of making the speeches and presentations yourself, you are coaching the presenters. I see this market as largely three-fold. First you have professional speakers who are making or trying to make a living giving paid presentations. Then you have people who are regularly called upon to make speeches or presentations in connection with their business. Then you have the person who occasionally is called upon to make a speech or presentation without being paid for it, but nonetheless wants to improve their presenting skills. This third market is the one I would suggest focusing on, to get started in this business.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What’s more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand side business idea.
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.
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.
Nearly everyone owns a smartphone these days, and accidents happen — just think of how many cracked iPhone screens you’ve seen. A smartphone repair business can save people the hassle and expense of having to buy a new phone.
Selling “how to” information is a great business idea. Not only are you profiting from a passion or a skill that you already have, it’s incredibly low cost. Just purchase a website, start creating top notch content, and maybe invest in some ads. Since this is a competitive area, focus on a niche that isn’t frequently discussed.
With the emergence of “sharing economy” people are choosing to rent instead of purchasing items. While renting out a room on Airbnb or your vehicle and time on Uber/Lyft get most of the attention, you can rent pretty much anything you own like a garage, parking space, and even household items like furniture or yard equipment. Even if you don’t own these items, they’re fairly inexpensive to purchase.And, if you really want to step-up your rental gam, consider renting out party equipment like tents, photo booths, or bounce houses.
Do you have a knack for knitting, jewelry making or creating other small crafts? If you can produce a large quantity of items in a short amount of time, consider selling your goods to the public. In just minutes, you can set up an online store and start promoting your business.
Public notaries primarily serve as validators of, and impartial witnesses in public legal documents, especially those related to affidavits, oaths, deeds, estates, special-powers-of-attorney, and business agreements. Depending on the state, a full-time notary public earns an average annual salary of $36,000, which makes it a great business idea to do as a side hustle as you bring in money through other ways. If you want to get started with this business idea, here are the requirements and steps you need to consider in the US.
In any case, advertise your business on bulletin boards in libraries and schools, particularly high schools and universities. Also consider email marketing. Pharmaceutical companies in particular tend to be in the market for presentation coaches.
It’s hard especially for really small companies to hire someone dependable and that they can trust, to do their cleaning at night in the office alone. That’s why if you are willing to work hard and be dependable, you can make good money at this. I met a fellow who earned an excellent living cleaning offices, and he only worked 4-5 hours a night, and had no employees.
With the wide array of digital marketing options to consider, not to mention traditional options, local businesses increasingly need outside help to develop and execute the best marketing strategy. To get going in this field you will need to be familiar with the most popular online and offline marketing venues, and be comfortable selling your services to local business people.
Businesses always need graphic designers to help them convey information visually, through logos, advertisements, posters, websites, and the like. While it is possible to be an entirely self-taught graphic designer, most have either a certification or a degree. Other than the cost of design software, this business has very little overhead and can be done anywhere with a dedicated computer. According to the Bureau of Labor Statistics, graphic designers have a median salary of $45,000.*
T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.
The main advantage of the subscription business model is that it’s predictable – which is great for creating and sticking to a budget since you know how much you can expect to bring-in each month.Need ideas? Cratejoy has 100 different ideas ranging from categories like beauty, grooming, fashion, gaming, food, pets, and books. It’s how I started my invoice company that I own today.
You can start the business at home to keep costs low. Pet owners can bring their dogs there as well as anyplace else. To build your reputation offer, to train the dogs of friends for free or at a discount, and be sure to get testimonials to put on your (eventual) website.
If you’re a native English speaker, you’re in luck-there are tons of foreigners looking to practice their English skills, and you can help them simply by engaging in conversation. Even foreigners with years of English lessons often are looking to develop their conversation skills. Meet at a coffee shop or even offer Skype sessions. No teaching experience required (although time in a classroom would provide a major advantage).
A growing senior population means higher demand for home health care services. The 65-and-older population will grow to 98 million by the year 2060, more than twice the number in 2014, according to the Administration for Community Living.
Investment: Startup costs will depend on the type of services you provide. The upfront costs should be lower if the business is nonmedical and assists seniors with basic daily tasks, although training and licensing may still be required.
Have a knack for staying organized? If you’re a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Elance, Indeed, or Upwork. It can be an awesome way to rub shoulders with some very important people, build up your professional network, develop in-demand new skills (like creating GIFs and VR videos), grow your side business idea and you’ll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if you’re hoping to travel the world while making money online as a digital nomad.
Once you’ve established yourself in any number of freelance verticals online, spending your time focusing just on doing inside sales (booking freelance contracts with high-value clients) and then subcontracting your work out to other freelancers can help significantly grow your client list, and revenue generating possibilities with this business idea.
Television repair is not a dying business. Consumers don’t want to throw out their TVs at the first time of trouble. Furthermore, if you start this business you may want to expand into related businesses such as servicing computer monitors.
Though certainly not for everyone, recycling the containers from products left strewn around on the ground can become a surprisingly decent side business idea if you put in the time. Attending events like street fairs and outdoor concerts can be a great starting place. Put on a clean shirt, jeans, apply your sunscreen, grab a cheap pick-up tool like this one, sturdy plastic bags, and you can sell them for upwards of $4.00/pound on eBay.
You can put a big sign on top of your truck or pull it around on a trailer. This is particularly powerful for local businesses because you can offer pinpoint marketing—driving around the same business block for example. You could also offer a service to hire people to agree to have a commercial sign mounted on their cars as they drive around town doing their usual thing. For example, a Boston radio station arranged to have hundreds of small VWs to be painted with their logos, paying each car owner a monthly stipend. How big can this business go? Well CNN/Turner Broadcasting founder Ted Turner made his initial money in the billboard business!
Even the portrait and general-interest options, though, aren’t really for beginners. Photography businesses can be complex operations, with lots of equipment required and years of portfolio and relationship building necessary to really get steady income flowing. Still, if you’re a hobbyist already, starting a photography business as a side operation is a great way to make some extra money and possibly begin a career change.
I think a window cleaning business is an ideal way for someone to start their own business because of REPEAT customers. All you need is one large account (nothing too high) and maybe a dozen small storefront customers to make a possible $200 a day.
For most people, successful investing will involve selecting mutual funds or ETFs, not individual stocks or bonds. That means to become a financial planner you don’t need to be a Wall Street wizard. You will need to understand the basics of investing (such as the importance of being diversified and understanding and respecting your client’s risk profile!) but this is very learnable. Study hard for this profession and you can do a tremendous service for people by helping them protect and growth their hard-earned 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.
One-on-one sports coaching is the obvious play here. But you could set up sports clinics or sports camps. You could build up a business based on your expertise in a particular sport or you could offer more general fitness training for athletes of many sports. Often sports coaches get started with a part time job coaching a school sports team, which then leads to private coaching work.
Of course, you can’t compete with mass-manufactured soaps, so you’ll want to make specialty products. Finding a new scent or creative approach to packaging and marketing will help. You can sell to friends initially, or invest in a booth at a flea market or craft show.
Brainstorming Equipment: Some people do their best thinking with a pen and some paper; others prefer a white board and markers. How do you do your best brainstorming? Invest early in the equipment you need to spark your creativity, whether it’s a case of legal notepads or a dry erase board. NOTE: There are now dry erase and chalkboard paints. If you have an extra wall in your workspace, why not turn it into your own dry erase board?
I started my consulting business over 4 years ago as a part-time way to make extra cash, and it’s grown into my full-time endeavor, where I’ve quadrupled my income, and have much more flexibility. My wife no longer has to work, and we’ve both been able to be involved in our kids school–which neither of us could do when we were employees.
Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour company is arguably the best business idea that will give you both of those perks. Take a unique spin on your local tour business like Erik from Vantigo. He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he’s running a multiple van tour company on the back of what originally began as a crazy side business idea.
If you have the skills and equipment, then why not start your own home repair or restoration business? Having a specific area, however, is going to set you apart from other construction business.For example, Toby Woodward started his flooring business with $50 and a box of business cards. Best of all? You don’t need to invest in inventory since you’re more focused on installation or repairs.
If you need further coverage, you can opt for a business owners policy — an insurance package that covers your business property and provides liability coverage for clients coming to your home. These policies generally cost from $500 to $3,500 per year.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
You’ll need experience grooming pets or be willing to train. Past experience working with animals is recommended. Licenses and permits may also be required, depending on your location. As with other pet businesses, getting the proper insurance is recommended.