where to invest a million dollars | small services business ideas

And don’t forget to check with your Homeowner’s Association. If you live within the confines of an HOA, it is a good idea to become familiar with its bylaws to ensure you do not incur any fines for non-compliance.
Great ideas about a home based business. However, we all need to understand that most ONline and OFFline buisnesses fail about 90% of the time. Franchises seem to do some better but they have challenges too. Our goal is focused on building a PLAN B to help build financial security. After 32 years in the trenches as an entrepreneur, we invite you to visit our website, join us as a subscriber too where we share about our lumps and bruises in business owners.
Being a clown for kids’ birthday parties and similar events can be a fun job if you enjoy entertaining and working with children. You’ll, of course, need to leave your home for the actual events. But you can do the booking and prep work from home.
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.
This is a great business and I can’t tell you how many times I have used pest control services for my residences as well as commercial locations. The rates vary hugely from one locale to the next, so carefully survey nearby markets to determine which market may be the best opportunity for you.
Self-Employed Taxes: As a home-based business owner, you are more than likely self-employed as well, and that can easily complicate the filing of your annual tax returns. The IRS offers a comprehensive overview of what self-employed workers need to know when preparing their taxes.
I live in a flat but I own the leasehold. Does that mean I can use the flat for whatever I want? The short answer is no, you can’t. Your lease will govern how you can use the property so you will need to check whether it contains any restrictions. There may be an absolute prohibition on business use, or it may say that you need to seek your landlord’s consent. Certain types of leases (including the widely used assured shorthold tenancy or “AST”) prohibit business use. Running a home business in these circumstances would be a breach of your lease and there would be a risk of your landlord trying to terminate your tenancy.
With that in mind, I  put together this massive list of the 101 Best Side Business Ideas You Can Start While You’re Still Working a Full-Time Job, to help give you inspiration with proven side business ideas that can be executed on while you still keep your day job—and primary source of income.
According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.
There are many scams out there that will promise you tons of money and financial stability from home. Do not fall for these ploys. The best home-based business is the one you start with your own mind, heart and hands.

While you do not need a degree or certification in order to set out an interior designer shingle, it is really necessary in order to make sure you can meet the needs of many clients. An education in the history and theory of design will allow you to understand trends that you may not like, but your clients do. Median salary: $46,280.
Corrisa, thank you for adding your thoughts on Annie’s list. I wholeheartedly agree with your points to consider and would encourage anyone looking to join a network marketing-based business to do their due diligence before signing up. As I have found in my past ventures into home based businesses, the KEY to success is to treat your business as exactly that and not a hobby or trending fad.
While you might first think of parties for kids, parties for adults is a rapidly growing field. To break into this field, I would start by offering some really attractive package deals. Then I might try to upsell additional services once the parting host became more comfortable working with me, or at least on repeat engagements.
These days most of your local community is often online, meaning you can all connect without leaving your house. However there is often not a lot of community websites. You could start off a community website and share local new and information with other members of the community. You could make a profit from selling advertising space to local businesses or offering a premium section.
While I think this post is a good source for IDEAS, I think a lot of them are lucrative because you either haven’t been professionally trained in the field or you’re accepting risks that most businesses insure against and account for in overhead. To pick out a few to explain:
Users come online to gather information. Tutoring is becoming a popular trend as people want to find learn new skills of the internet. If you are skilled or qualified in a particular area then you could tutor others. There are plenty of websites online where you could start providing tutoring.
What makes drop shipping so attractive is exactly what lands it on this list; there are no big startup costs or expensive investments in inventory. You can sell products online, collect payment, pay suppliers, and let them send out the products — even using your company logo if you like.
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!
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.
This could be a lot of fun, playing store merchant every now and then, when you decide to attend a flea market. There are general flea markets to attend, plus more specialized ones. For example, being a model railroad buff, I notice the many model railroad vendors who travel to model railroad shows around the northeast, selling new or used model railroad supplies. You could make your own items to sell, trade used items, or sell new items that you buy wholesale. The options are endless.
This is a great list. There are work from home companies that pay well and are legit. Find forums where people are doing it. I had two different jobs that I could work as many or as few hours as I wanted from home and they paid $14+ an hour. I need to get on the freelance stuff. Thanks for sharing.
If you’re proficient in a highly specialized software, you can get paid to pass your knowledge on to amateurs and professionals looking to expand their skill sets. Technical manuals are available for programs like QuickBooks and Final Cut Pro, but these are often expensive and difficult for the average user to get through. Schedule small group workshops or private sessions, and charge by the hour for a full tutorial of the program. The best thing about this gig is that it can be done part time.
For profit schools are hideously expensive. Check out your local Community College, they will have the program for literally thousands of dollars less. Many Community Colleges also now offer their programs online.
Using your skills for profit is a common trend with all of the best side business ideas. If you’re an expert at something, there’s likely an audience of people online who would be willing to pay to become an expert in your field—just like you. If you want to take your skills and turn them into an online course that teaches others how to get the same results you’ve achieved in your life, career, or business, start with How to Create an Awesome Online Course on Udemy, where instructor Miguel Hernandez covers how he makes over $90,000/yr teaching online. You’ll learn from more than 8 hours of video instruction.
Part of the immediate profitability came from the way we hired. Instead of taking on full-time employees, it was quicker and more cost effective to find talented freelancers. This took a lot of the risk off of our shoulders and also connected us to talent around the world.
Some local businesses don’t want to go through all of the necessary steps to do their inbound marketing themselves. They would rather have you just do it all for them and deliver leads to their doorstep. If you go into this business I would suggest that you consider building your expertise for a particular industry, instead of a particular location, as the results for a particular industry are more likely to be repeatable.
The big problem for many of us is that working a full-time job makes it too exhausting to even consider trying to find an alternative outlet. Many of the world’s most successful entrepreneurs struggled with this when they wanted to start a business for the first time while they still had a day job.
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.
There’s more to writing than just being a freelance writer or creating content for blog. Juggernauts like Amazon and Apple are involved in the book publishing field where authors are raking big bucks for composing everything from instructional books to cookbooks to Sci-fi adventures.
Teaching piano (or guitar or violin or singing) lessons out of your house is a well-established way for stay-at-home spouses to make a little extra cash. If Lois Griffin can do it, so can any musically minded entrepreneur.
A good offshoot to starting a house cleaning service is home and office organizing. It’s not as competitive and commoditized. A super cheap / beginner home organizer starts at $25/hr, but $35-$50/hr is pretty standard. Even higher if you have a specialty (hoarders, ADD/ADHD, etc), are certified, have YEARS of experience and/or are based in a large metro area. You do not have to be certified, however. Starting as a house cleaner will definitely give you an inroad (as there is more demand in terms of volume and helps with regular cash flow). That’s how I started and eventually phased the cleaning out. Offering pre-paid discounted packages (with a contract) and taking deposits from 1st time clients helps to keep problems away.
Just as there are people who don’t know how to use email, there are also those who don’t want to use it. Virtual assistants run clients’ email and voicemail accounts, aside from performing other digital duties.
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.
We all wear clothes (at least some of the time). Which, of course, makes the business idea of cleaning soiled laundry an obvious hit. In fact, the self-service laundromat industry in the US is worth more than $3 billion, with many related businesses such as a mobile app laundry service, a real rolling mobile laundry service, and home laundry pickup & delivery services springing up each year. Here’s one way you can cash in on the trend as a side business idea.
An errand service can be a natural business to tie into grocery delivery, or vice versa. Once again, if you already have a car you’re ready to get started. People often need someone to check on their dog at home, or run to the store if they are homebound.
Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that’ll help you generate profits from your private label side business idea. For an incredible deep dive on how  to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
A small business owner is an individual who manages his own organization. These entrepreneurs can be found within all industries, including retail, entertainment, financial services and law. A formal educational background is not required to become a successful small business owner. What is needed however is a good idea, a solid business plan and startup capital. Due to the variety of organizations that make up this sector, the average income of small business owners varies widely, depending upon level of experience, location of employment and gender.
From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.

One Reply to “where to invest a million dollars | small services business ideas”

  1. Home Occupation Permit – Your home is more than likely in a residential area and not in a business or retail zone. In order to conduct business in a residential zone, you will need a permit from your local or state government permitting it. Your local zoning board can answer your questions regarding requirements for permits. Not all home-based businesses will require a business permit, but it is always best to check.
    If you already have your own website or blog, you can earn money by becoming an affiliate. You can either sell products directly and earn money that way, or you can sign up others as affiliates, much like multi-level marketing.
    Henna is a plant that has been used for thousands of years for cosmetic purposes. If you’re an artist who is well versed in the Henna tradition, you can create designs and sell them or apply them at events.
    The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
    Listen to my interview with serial entrepreneur and investor, Michele Romanow about how she built an app that earned $500,000 in 3 months (as a side business idea outside of her day job) and how she eventually sold the company to Groupon. It’s seriously incredible.
    Always remember to personally connect with neighbors, friends, and family and let them know about your services. You can also check out third-party platforms like Care.com, SitterCity, and Task Rabbit where they connect caretakers with caregivers. If you are connected with a job on one of these platforms they’ll take a small percentage of the total transaction fee. In fact, the on-demand economy has made it easier than ever to make money on demand — to find out more check out this post.
    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.
    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!

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