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.
In Boston one of the very best high skyscraper restaurant locations was taken over by a banquet facility company. The owner of this business grew up in the restaurant business but decided to build his own business exclusively around banquets. A banquet facility is an interesting alternative to the difficult restaurant business. You get to match your labor and food costs closely to your income. And by having a dedicated space and a tightly focused business you should be able to execute well.
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You may need quite a bit of outdoor space at your home for this. But if you enjoy nature, being outside and welcoming people to your property around the holidays, then running a Christmas tree farm or lot may be a fun home based business idea for you.
We don’t manufacture as much in America as we used to, but the phrase “American made” still means a lot to some people. Artisanal items are also popular, making now a great time to start a furniture-making business. This might not be the easiest idea to start from scratch, but if you already own the equipment you need, you can start producing pieces to sell at fairs and online on sites such as Etsy.
If you can find pet owners who are willing to bring their dogs and cats to you, this is truly a home-based business. Otherwise, you’ll need to be willing to live at other houses (or at least visit 3-4 times a day) while you’re working.
Part of the reason is that I often want a great breakfast later in the day and yet I frequently can’t find a convenient place to go. Also, breakfast foods cost little money, allowing for higher markups. And breakfasts are easier to prepare than gourmet dinners. Also, this kind of restaurant would potentially be busy for many hours during the day.
This is basically an employment temp service, but you may be “leasing out” employees for longer stints of time. The advantage to the customer is that they don’t have to get involved in sourcing, screening and qualifying candidates, and importantly, they are not responsible for employment taxes, withholding and reporting. To succeed at this business, you need a strong ability to sell your services and place employees. This can be a “messy” business with employees coming and going, tax filing requirements, and customers to please. However, the upside is unlimited, some employee leasing firms have grown into mammoth enterprises!
Working solo can be isolating. Sometimes you’ll need a professional to tap for some advice. Look for a mentor among your industry connections. This relationship can take time to build, but it’s worth it.
I just recently started my own in home personal training business. If you have the passion for fitness and helping people and also have a good set up in your home (separate training room) then I highly suggest it! It’s fun and why not make a little extra money?
In his days as a commercial banker, my father financed a number of health clubs, and they all complained about the same issue: it was relatively easy to sign up new members but hard to retain them, as customers tired of exercising after just a few sessions. This is a business that you can make millions at with even a single location, but it is also a business that is riskier than it may first appear. I would suggest starting with a very small location, perhaps even a members-only key-card accessible location with no employees on site, and learn the ins and outs of the business before getting too carried away. And of course, there is all kind of potential for specialization in this field.
With never having painted a house, I opened a house painting business during a summer vacation from college. I hired a few school teachers to do most of the work, and we quickly all figured out what it takes to do a good house painting job. In a word a good house painting job requires: preparation–sanding and cleaning the surface carefully so the paint will adhere well and look good.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world’s largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology. Then, after you’re able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you’re able to find an audience that loves your products.
A few years ago I started making my own beeswax candles – because they were so stinking expensive to buy. In the process of learning, I found that there are a lot of people who use candle-making as a home business. You can sell to your products online at places like Etsy.com or Ebay.com.
I recently started working in network marketing with a natural hair care line. It has transformed my life, by giving me my confidence back. I was losing my hair and I didn’t know what to do. I’d been to the Dr and told it wasn’t a thyroid issue, but they couldn’t tell me what WAS causing it. My good friend introduced me to these amazing products, that in a matter of months changed my life. My husband is now using the products for his “gaining face” (not receding hairline) issue. Lol.
Before you get excited about starting your home based business idea, you first have to make sure you have the right tools in place. The main tool is a speedy Internet connection. Most home based businesses will require some sort of Internet connection. With a good Internet connection, you can also take care of a phone and fax. Isn’t technology great?
Some claim a lot of people are interested in the idea of blogging as a business. May somebody please explain if this is a viable home based business, and how much can you realistically bring in based on an hourly rate… bottom line after all you have to put into it!?
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Planning a wedding requires a lot of work and organizational skills. So many couples hire a wedding coordinator to help manage all of the various aspects of the event. You can do much of that work from home, if you enjoy organizing and working with clients.
If you’ve always enjoyed cooking, but don’t want to take the risk of opening a restaurant? Then why not invest in a food truck, trailer, or cart? While a food truck may get pricey, you can purchase a trailer or something like a hot dog cart for only a couple of thousand dollars.
As far as network marketing is concerned, I think it’s very difficult for an average person to get through what it takes to make money. Being told that they have to try to recruit their warm market, have home meetings, prospect strangers and attend hotel meeting every week. I believe these task are so painful and takes the average person too far out of their comfort zone, it feels like a relief to just quit. I personally believe in network marketing and there are some awesome companies and awesome products. But it seems like people have to go through a lot of pain and sacrifice before they can win in traditional network marketing.
I have an idea for a business I can run from home. Are there any property law issues I should consider? Yes, plenty. The first thing to find out is whether there are any legal restrictions on using your home for business purposes.
Many people have the impression that in order to launch a business you need to raise millions of dollars. I disagree. What worked for us was making the right decisions early on, and also having tight constraints. When you have constraints you are forced to make highly calculated decisions.
What could be easier? You sit in the chair and watch the dog chase its tail! OK so there’s a little more work to it than that, but still this is not the toughest job in the world–especially if you like animals! I am surprised to hear how much money people will pay for pet sitters if they believe their pets are being really well cared for.
Parents are often seeking out instructors to help their children develop musical talent. Sure, some parents may be just trying to make their kids appear well rounded on college applications, but there are also plenty of students looking for a rewarding skill to last them into adulthood. If you have some musical skills, considering taking on pupils for music lessons. Since you’re teaching a specialized skill, you can earn a decent hourly rate. The more specialized the instrument, the better (you can probably charge a fair bit more teaching the French horn than the piano). Consider doing home visits; you may be able to charge an even higher premium.
Kids are your future customers, so gaining their loyalty now isn’t a bad idea. According to Common Sense Media, three-quarters of kids have access to a mobile device. This spells a big business opportunity for anyone who can create products or design apps just for kids. And, if they also happen to be educational or promote good health, you’ll win their parents over, too.
The key to succeeding is deciding which market you want to serve and designing your offerings specifically for that space. Also, as is the case with graphic design and Web design, being able to do something nobody else is doing is also a huge plus.
Potential challenges: Starting a food business can be complicated, as you’ll have to deal with permitting requirements and health department regulations. Other obstacles include securing a desirable location and fierce competition, although these factors may depend on your local market.
To make delivery affordable for the customer and efficient enough for you to make a decent profit, you may have to service a very limited area. You might start by approaching elderly residents in a housing complex, promising delivery just two days per week in order to process as many orders as you can at once.
A few years ago, I overheard a conversation in a gym about a fellow who was planning on starting an Irish pub, of which there are close to million (well almost a million) in Boston, but then changed his mind and opened a pub focusing on craft beers. It was wildly successful! In addition to being a unique idea at the time, he also chose an excellent location and developed a solid food menu. Unless your overhead is extremely low, you are probably going to need to serve food to make a go of this business, so yes you can be extremely successful–but it is no small undertaking.
Check into legal barriers for your business. Some areas have certain rules and regulations for home based businesses, and you need to check into those at your town’s city hall before investing much time or money in your business. Some areas just make home based business owners carry a business license and nothing else. Not knowing about these regulations can be devastating to your business.
I loved to collect stamps and coins when I was a kid. In Boston, the dealers’ stores were all side by side on Bromfield street. Today some coin and stamp dealers still have retail locations but many others work primarily online. This is a great business to start part-time and then consider going full-time later on. Or is it just a hobby with the potential for making a lot of money? American President Franklin D Roosevelt would spend many enjoyable hours alone with his stamp collection.
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.
Some people have no time. They may have a job that requires lots of travel or an executive position that has them working around the clock. But you can make their life easier offering personal concierge services!
An editorial services business is incredibly easy to start, doesn’t require an initial monetary investment, and has the potential for expansion once you’re established.Additionally, you could offer your services from both small and large businesses, as well to authors and students. Speaking of services, you could offer everything from copywriting, ghostwriting, proofreading, editing and indexing.
This is a great list. I’ve done a lot of these free opportunities in the past and usually made a bit here and there. At first, I just spent it but then I learned to re-invest in other online opportunities (blog hosting, e-mail marketing, etc.) and it leads to even more money that way! 🙂
Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.
The reason we were able to grow quickly in a year with no funding was largely due to our ability to automate tasks. This helped us save time and create an efficient business right off the bat. Using tools like Zapier and Process Street to automate tasks like webinar reminders or even your entire hiring process can save you hours every week and let you focus on the most important aspects of your business. Even if it’s a small task that takes you one minute a day–the sum of all those tasks at the end of the year equals BIG time savings.
This article will explore some of the obvious—and not-so-obvious—rules and regulations that are frequently imposed on home or online businesses. It will also touch on considerations that are specific to operating a commercial enterprise in a residential area, such as zoning restrictions.
Having previous SEO experience, a blogging or editing background, strong communication skills and experience using Google Analytics are desirable. If you have these skills but lack experience, taking online courses is an option. Examples of your successful work and references can help you gain new clients.
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.
While selling items doesn’t seem like an actual internet business, some individuals turn it into a business by buying clothing, books, and various items at garage sales and thrift stores — then they turn around and sell it for a higher price on sites like Craigslist, Amazon, VarageSale, eBay, or Etsy.
Wow. There was a time when the society only accepted government jobs and a few other elite jobs like doctor and engineer as the best career options for youngsters. Time has changed. We have come a long way. I believe these 50 options will soon turn into 100, and then into 1000s
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.
Hi. I especially like the Ebay business model, because it is so easy to start and quickly profit, Also Amazon FBA can be a very profitable business and again is very easy to start for newbies. I just recently picked up just a couple of books for less than $12 and sold them for over $80! very easily. Good luck everyone. Hope this helps.
You can power wash houses, commercial buildings, driveways, patios, motor vehicles and more. You will need to be registered, probably have to post a bond, and there may be environmental issues because of the water usage. This is a business you will want to learn carefully. But the upside is that there are many potential markets for your services.