A poor content writer whose mother tongue is not English, and can write in a very shallow manner might cost $5 a piece (which is about $5 an hour); A superb writer who wrote for serious magazines and journals can charge up to $1,000 per piece; a published author who hasn’t written for any top-notch magazines can charge $30-$50 a piece (which translates to approximately $20 an hour).
Love shopping? You can offer your services as a mystery shopper, evaluating the service and needs of various stores in your area. Though this often requires actually visiting stores, you can do much of the administrative work from home.
I believe that every business, even a lemonade stand, should have a business plan. But many people either hesitate to create a plan or don’t know how to do it. That’s where you come in. But remember your big value added is to help your clients learn how to develop a framework for making critical strategic decisions for their business, not just to create a nice-looking document.
This year has seen a variety of simple and addictive mobile games such as Flappy Bird. These games often are often downloaded hundreds of thousands of times, creating a large profit for the creators. The most successful mobile games are free to download and then feature in-game advertisements.
It takes some time to grow an audience and find ways to monetize your blog, but if you love to share your point of view with the world, this can be a good way to work from home. Niche blogs are a particular area of growth in this ever-growing profession. Pay can vary widely, but the income potential is nearly limitless.
Contrary to popular wisdom, real estate prices don’t always go up and catching the trends can tremendously amplify your success in this market. One of my business school classmates caught the trend just right in the Houston commercial real estate market, and then did the same in Boston. Another business school classmate took advantage of the huge 2008 real estate sell-off by scooping up thousands of homes in particularly hard-hit areas like Las Vegas with his hedge fund. The safest way to buy real estate is to make sure that your cash flows from current rents will justify the minimum return you need, then you can look at any appreciation as pure gravy!
A membership website is a great business model that con provide you with a recurring revenue stream. Once you have members signed up you can charge them a monthly subscription fee to access the content of your site. This could work great for digital products and other valuable online resources.
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.
I overheard my wife talking to a homeschool mom that raises and sells a certain type of dog (a registered breed of some kind) ranging from $1,000 to $1,800. I also know a couple teens that started a bread business where they sell the product at the local famer’s market and local stores. The product(s) have been so successful, most of the family has been involved in it.
There’s no denying the global marketplace is growing. All that cross-cultural communication is creating an increasing need for translators. According to the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook, the hiring of interpreters and translators is projected to grow by 46 percent by 2022, much faster than the average for all occupations. This means it’s a big business opportunity for entrepreneurs who can bring foreign-language speakers together with businesses in need.
What a great excuse to travel and get paid for it! Yes, there are some really cool craft items you can find around the world for really low prices. It could take a little bit of patience to get going, and specialization helps. But this is a very doable business. One of my friends built up a successful import/export business while still in college.
As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you’re getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.
Motivational speakers can earn a lot of money for even a short presentation. But you need to be awesome! And you need to market yourself. I’ve hired motivational speakers for large group business retreats, and I can tell you that once you start giving stand-out presentations that word of mouth travels quickly!
Not to be confused with hoarding, this business idea takes a lot of time, patience, and passion. If you have an eye for good art, it’s easy to get in on the ground level by visiting the studio department at your local university—though don’t expect to get rich overnight with this side business idea. Many art students are more than happy to sell their work for a bargain, and in as little as a few years, there’s a chance that piece you bought for a couple hundred bucks may be worth well into the thousands. Beware though, this business idea will take a whole lot of patience (and storage space for all that art).
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.
Every company needs content for their website to attract search engine traffic and develop a bond with their customers and potential customers. Hence the market for creating web-friendly content has exploded with both large firms and independent content marketers helping to fill the need. Specializing in the needs of a particular industry can help jump-start your business, but many companies are willing to hire content marketers who are good researchers and can write well, even if they lack specific industry expertise.
With the right location and careful buying you can have a nice income from your floral shop. But the big upside will be special events such as weddings, funerals, etc. I’ve also came across a floral shop crossed with a coffee shop which I thought was a clever variant.
Opening a business from home is a great strategy for entrepreneurial-minded individuals. There are tons of ideas for home-based businesses that operate online, allowing you to create a thriving internet business from your living room couch.
Do you play a musical instrument well enough to teach it to others? How about taking your skills at producing music or sound design and teaching others as a service-based business idea based on your experience? Private music instructors in all disciplines charge upwards of $20-100/hr (or more depending upon skill and experience), and you don’t necessarily have to do them in person, either. This makes for a great side business idea that can channel your passion for music into profits.
Find an audience for your passion or hobby and you’re all set to monetize something you love via a niche website as a side business idea. That of course, is easier said than done, something not intended for the faint of heart. Prepare to invest a lot of your time, but if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it.
I’ve been around boats almost since I could walk so I forget that some people need to be educated in how to run a powerboat or captain a sailboat. Now taking a boat for a spin and introducing someone to the pleasures of boating…how fun!
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off (Insure.com went for $16 Million in 2009) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side business idea. But beware: some experts doubt the long-term viability of this business idea, so you shouldn’t quit your day job just to put all your effort into this one without some successes already in the bag. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names. Imagine owning desirable domain names for the next decade’s most innovative companies.
Gardening is really big. Many people like to do their own gardening but they can use a little bit of help! That’s where you come in! Maybe you specialize in flower gardens or vegetable gardens, or even something more exotic. You will need solid expertise, but you will find a clientele willing to pay for it.
People with wood burning stoves and fireplaces need wood to burn and they love to have it delivered, all cut up into bite-sized pieces! They don’t want to have to carry logs around, they don’t want to get their nice car dirty and they don’t want to split up logs.
A CV can often be what gets you a job interview. If your CV is not standing out then you are just going to get over looked with the rest of them. There has been a growing trend of CV’s that are unique, colourful and standout from others. You could start a business creating standout CV’s for customers who will find it worth paying for it they get the job they want.
Before the bank grants a mortgage, they will require a real estate appraisal. So, this is a great, steady income business with the only overhead being your scooter to get you to your homes to be appraised.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
The single most important factor in your success is your people — your partner, your advisors, your staff, your peers. All of these individuals will help you do the work to take your business to the next level. That means you don’t have to do it alone, but you do have to find the right people, and empower them, so you can harness the power and potential of their talent, skill and drive.
The key to success in this business is being very disciplined in buying. Limit your car buying to popular models that you can turn over quickly, models that you have a strong understanding of current local pricing on, cars that you can buy at a significant discount to the price you believe you can fairly sell them for, and cars that are highly unlikely to need major work.
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.
The market for website developers is huge and highly competitive. If you lack highly specialized coding skills, I would suggest you consider trying to break into this space by offering flat fee rates to develop new or re-launched websites for smaller businesses or organizations and limit your development work to one platform, such as WordPress.
It’s not very engaging, or mentally stimulating, but online surveys do pay out (a little), believe it or not. Just don’t expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income.
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 more of a low risk pastime activity that can generate an income sufficient to live by, if you reside in a developing country, or something you can do on top of your usual day job for extra cash. The idea is that companies pay for surveys to be filled out, and survey companies recruit the requested audience. They pay a portion of what they’re given to the people handing out surveys.
Despite the vast number of blogs these days, blogging is still a profitable business (we do it!). Blogging provides the opportunity for multiple revenue streams at once and could potentially be very profitable. However the majority of bloggers fail to make any substantial money so you need to know what you are doing if you are going to blog for business.
Health and Safety Permits – Similar to professional and trade organizations that require licenses, you may also need health or safety permits in order to legally operate your business. Checking with your state’s environmental protection agency is a good place to start.
If you’re not sure where to find a mentor, SCORE is a great place to start. SCORE mentors are free — just visit www.SCORE.org to find a face-to-face mentor near you or a mentor to contact via email or Skype.
All great ideas! Not sure if you left multi-level marketing off on purpose, but I’ve recently started taking a nutritional supplement called Thrive, and due to the amazing results (tons of energy, great sleep, calming of aches and pains, etc.) I’ve started working as a promoter. There is absolutely no requirement to pay anything to sign up, you don’t even have to stock the product, it is a cloud-based business where the customers order online and receive the product directly from the company. If you get two people to sign up with autoship, you get your product free. Even if you pay for the product it is only about $5 a day, less than a cup of coffee in the U.S. So far I’ve been really impressed.
The question I’m asked the most (by far) when I meet and speak with fellow entrepreneurs is, “How do I know which business idea is best for me?” This one is always quickly followed by, “How do I start on this side business idea while I’m still working my full-time job?”
While most direct sales and internet business opportunities have a small startup fee, there are a few that do not. Each company allows you to set up shop online for FREE. Then for each item that is sold through your shop, you’ll earn a specified commission.
If you are thinking of becoming a property tycoon but can’t swing the down payment on your first property, this is a good business to start in. It’s good steady income and you get to learn the ins and outs of owning property. You also may come across multi-family properties that are for sale before they get advertised.
The best form of marketing is through your current customers. While this may seem obvious, most of us just don’t do it. We may feel uncomfortable asking existing customers for referrals or we may not realize how powerful a marketing asset this can be. But if you don’t try you won’t reap the benefits. And it’s actually quite simple to do, if you know how to present your products or services with certainty, and can go a long way towards building your business.
If you’re a fast typer with an ear for dictation, than transcription might be right for you. A lot of different businesses require transcription, from medical practices to attorney’s offices, and will pay handsomely for quality work. Why not be the service to meet their needs? All you need to start is a computer, an internet connection, and the will to build a network of professionals and gain their referrals.
Get active in LinkedIn groups that relate to your industry and clients. Make posts and comment on posts by others. This will display your expertise and give you a feeling of being connected to a community. Check out this post on ways to improve your LinkedIn profile.
This is a business you could start in a couple hours with literally zero investment. In the public library on the resort island of Nantucket, I watched a man create a flyer for his walking tour business on a free public access computer. Then he went outside and posted the newly created flyer on the public bulletin board. A few hours later he greeted his customers as they gathered on the advertised street corner, collected their money, and then took them on the walking tour. Not sure how to set up your walking tour? Get a history or even a self-walking tour guide at the public library.
But even if you don’t need an EIN, get one anyway: It’s free, takes minutes, and you can keep your Social Security number private and reduce the chance of identity theft, because if you don’t have an EIN, your SSN identifies your business for tax purposes.
Even in this digital age, there remains a huge market for independent sales reps who sell the products for a number of different companies to other businesses. You will typically work on a commission basis which means income will start slowly, but established manufacturer’s reps can make a lot of money over the years.