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.
Want to start a food business? A truck is a much less expensive investment than a brick-and-mortar restaurant, and according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
Isn’t this every girls dream? People will always be getting married, so in theory they will always need wedding planners. If you love all-things-weddings and can handle the pressure from the brides, this might be a fun one.
The closest I came to knitting was repairing rips in the sails on my boat, but there a are a lot of people who want to knit and crochet—and you can show them how! You could start with a class at your house or perhaps at a local knitting store. Maybe offer an entry level course at the local adult ed program to get going.
The selling costs are remarkably low on the Etsy website. But you will be competing with some awesome looking crafts, so make sure you create some great stuff that is highly distinctive. Then take perfect photographs and write up snappy descriptions. Try to build a following by developing a related line of goods
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.
After you’ve obtained the proper licenses and permits, this is a business that you can start at your home. In areas like Silicon Valley and D.C., this is a lucrative business. If you don’t want to run a daycare out of your home, you can still start a childcare business like being a babysitter, nanny, au pair, or tutor.
All of these ideas require some background in the area, but they are an ideal way to use your already-acquired skills in a work-from home business. And even if you do not already have the necessary training, there is nothing keeping you from getting certified in order to start your home-based business. If you do not currently have enough money to get the certification you need I would recommend saving a little each month until you have enough to pay cash. If that is not an option or you are desperate to get out of the grind, then you can check personal and student loan rates from various banks at SimpleTuition.com or learn more about Peer to Peer borrowing in my Lending Club review.
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!
To even qualify for the contest, his company had to have a business selling between $1 million to $50 million; an achievement in itself. Yet Allen and his co-founder Cathryn Lavery–along with the other contest winners–managed to grow their gross merchandise volume by an additional 500 percent throughout the contest.
Believe it or not, this freelance bike messenger makes more money than some people glued to their office desks. You won’t rake in a whopping $50,000 as this guy does by just doing this in your free time as a side business idea only, but you’ll surely get a piece of the action. Even Uber is trying out a blueprint for a delivery service, and companies like WunWun and Amazon are stepping up their efforts to expand same-day delivery, increasing the demand for more to jump in on this business idea. If you have a decent bicycle, those pair of pedals might just earn you a healthy side hustle income.
SeedTime (formerly ChristianPF) is a community of Christians desiring to use money wisely, enjoy it, and to communicate His love via giving. We are your go-to resource for practical tips to earn more money, save more money, and Biblical wisdom about how to better manage your money!
People are always searching for one-of-a-kind venues for meetings, parties and weddings. Why not earn some extra money off the space you already have by renting it out for events as a side business idea? If you own a unique venue, like a studio, warehouse or boat, UK-based company Tagvenue will connect you with clients looking for somewhere special to host their event. Not a bad low-effort side business idea.
Have you ever been turned off by a business’s generic-looking website layout or logo? If you have a good eye for design, you can launch a service to create attractive, easy-to-use websites for small businesses. You can put your skills to good use for business owners who want to take their online presence to the next level. Build up a portfolio of work with smaller freelance jobs, then create your own website to show it off and bring in a steady stream of clients. [10 Things Every Freelancer Should Know]
Social networks are great for small businesses to take advantage of but many of them do not have the skills required to successfully market their businesses on social networks. If you know how to use social networks such as Twitter and Facebook to successfully market a business then you could start charging for this service. This is a business that you can run from home and will require little initial start-up cost.
As the saying goes, one person’s trash is another’s treasure. Without people cleaning up everybody else’s junk, the world would be a lot messier than it already is. This business idea might not be glamorous, but you get to make the world a cleaner place while earning extra side income. To start, you’ll likely need a sturdy second-hand truck and standard equipment like shovels, wheelbarrows, sledgehammers, rakes, and garbage cans to launch the foundation of this side business idea.
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).
Home-Office Deduction: Just like it sounds, this deduction allows you to take into account all of the operating expenses for your home office, including the square footage of your home-office space, and deduct them from your taxes. The IRS has a terrific, easy-to-understand chart that outlines the different parts of this tax deduction and how best to calculate it. NOTE: Renters can also take advantage of the home-office deduction.
From personal experience as a freelance content marketer, I can vouch for the profitability in this industry. I grew my side hustle into a $160,000/yr business before quitting my day job to pursue this business idea full-time; all you need is the right skills and experience to back it up. With startups, established brands, and even notable influencers needing to build credibility and grow their brands, professionals who can serve up compelling content enjoy a huge demand for their services. And, since brands will always need high quality content to bring in new customers, your skills will always remain an asset to invest in—especially since the nature of creating a content marketing strategy is an ever-evolving one. Start by tapping into your existing network with this business idea and begin tracking down local small business owners who could benefit from your marketing tactics, do a bang up job, ask for referrals and grow from there to the point where you’re doing blogger outreach and spreading out to a wider market.
Some affiliate marketers don’t love working with Amazon, because the payout can be small compared with other sites. Amazon starts you off with 4 percent, but that can become as high as 8.5 percent, depending on how many orders are made through your links.
Carrie H Johnson was divorced and living in a low-income housing when she started a cleaning business with friends, she explains on her website. She built it into a multimillion-dollar business with 165 employees.
Since landlords don’t have the time to constantly check in on their properties or maintain them, like mowing and cleaning the properties. A property management company will take care of these tasks for landlords who already have their hands full or who don’t live near the property.
Great insight Steve! As someone pointed out above, with so many options to start for such little money, most people really have no excuse. Some of the online related businesses are ones I intend to try just for the fun of it.
That’s why I’m a huge advocate of always starting a side business while working full-time, so that you can test your way into your new product or service, get feedback, validate the business idea, and start generating income before you quit your job. If you can master the art of scaling a side business idea while keeping your day job, you’ll have no trouble succeeding once you’re fully self-employed.
If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company—if you can craft an effective cold email that convinces them to hire you. Start with this 18-step checklist to becoming a local business consultant as a side business idea, from Karyn Greenstreet. When you’re ready to get serious about becoming a consultant, check out all of my picks for the best online business courses to keep building your skills and learning how to land your first consulting clients. Personally, I think this is one of the best business ideas you can get started with today.
Steve Gillman is a freelance writer, author of, “101 Weird Ways to Make Money” and the creator of Every Way To Make Money. Of the more than 100 ways he has made money, writing is (so far) his favorite.
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.
There are all kinds of directions this business can go! You could sell hats to retailers, you could sell them online, you could sell them to event planners to liven up their parties. You could eventually even open a hats-only store!
I’ve seen promoters begin in this business by first promoting regular nights at established night clubs, then by working a deal with a club to have their own exclusive night, then eventually launching their own club venue.
The region in which a small business is located also affects the average income of its owners. A report issued by PayScale indicated that entrepreneurs employed on the coasts earn more than their counterparts in the South and Midwest. Entrepreneurs in New York, for example, earned a median yearly salary upwards of $125,185, while those in Georgia top out at $75,500.
This is very specialized and you need to have a good amount of expertise to get started. But what a fun way to make a living! Visiting clients’ homes, viewing and researching their art: what could be a more fun business than this?
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.
But I want you to get MORE, whatever that means to you. It doesn’t matter if you want to eat at a $225-a-person restaurant, or take your nieces and nephews to an amazing day at the zoo, or pay off your parents’ debt. You define what MORE means to you.
Unique presents create a great gift and are in growing demand. You could create custom hand-made gift baskets for customers and provide individual gift baskets for every customer. Once again convenience is what customers are willing to pay for.
One of the biggest mistakes young business make is over-committing. They end up saying yes to almost everything and lacking a clear focus. But if you try to be all things to all people, chances are you will fail. Start with making a one-page strategic plan that forces you to focus on creating and doing one thing for one target audience. Verne Harnish’s one-pager provides an ideal framework to help structure this thought process. With a singular focus, you can harness all of your energy and effort and direct it towards a specific outcome.
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.
Washing windows for retail stores is about as simple as it gets. Just get your cleaning supplies and knock on the doors of retail stores, asking if they want their windows cleaned. If you get some takers you could arrange to make it into a regular service.
Cash 4 Books is an online business where you can sell new and used books. Grab your books and head to the website; here you’ll be able to enter each book’s ISBN, which is a 10 or 13 digit number that can be found on the back cover or inside the front cover of almost all books. Once you have entered each code, you’ll receive a quote for each book. Next, send your books in with a pre-paid shipping label. Once they receive your books, you’ll be paid either via check or PayPal.
However, you will need to get exposure for your business by selling to stores and letting them sell your products or by selling directly on Websites such as Etsy or eBay. Setting up a Website is probably a good idea, too. Then, let your delightful creations speak for themselves.
If you can read and follow the directions of an online soap-making tutorial, you can gain some basic knowledge of the soap making craft. It involves relatively few materials and tools. To make soap you mix various forms of oil with lye and scents. A basic mold for 12 bars can be bought on Amazon for under $10.
Fashion, style, and grooming continue to be a lucrative side business idea that can be done in your hours outside of work. If you know how to mend clothes, then you have a growing market of budget-conscious and/or personalization-obsessed customers. Entrepreneur says you need around two thousand dollars to start a decent side business idea in this niche but there’s no harm in starting smaller and growing from there, as long as you can make magic with needle and thread.
If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
There is a growing trend for personalised clothing with some companies now charging a premium for personalised trainers. You could start a business creating uniquely personalised items of clothing. As all the products would be unique there would be a lot of potential added value.
This is a good solid business. Everyone needs their house inspected before they buy it. Network with real estate agents. Become known for being a meticulous home inspector. Leave you clients with a thorough, detailed report.
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
Go on a shopping spree and get paid for it! Now that could be fun! But this work will also take some patience, such as getting to know your customers’ preferences and returning merchandise that your customer didn’t like as much as you did. However, if your clients like your work, they could retain you forever…and talk up your services with their friends!
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?