While no formal experience or training is necessary, you’ll need to be a talented, creative writer with strong interviewing skills. An editing or journalism background and strong communication skills are helpful, as is a sound marketing strategy to reach potential customers.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
If I missed any good ones, please share your best side business ideas in the comments below! If you’re ready to start a business while you’re still working full-time, join my free course, Find a Profitable Business Idea.
Keeping our kids safe is so important, but the details of how to do so can be confusing. A professional child proofing business is inexpensive to start up, but there may be state regulations to follow. It’s also a good idea to apprentice with a child proofer in order to learn the business.
Figure out if you need additional insurance. Visit with your local insurance agent to determine if you are in need of any special insurance for your home based business. When you start a home based business, you immediately start exposing yourself, your family and your home to variety of risks and you want to make sure you are covered before it is too late.
The market for music teaching is there, and your instrument is your specialty. The key is to develop reasonable but firm policies on pricing and cancellations and to, if possible, make your home the venue for providing lessons, rather than traveling to visit students.
You can learn some helpful tips from YouTube videos on house painting, free Home Depot workshops, and some practice painting around your own home. Matt Shoup tells U.S. News & World Report he started with $100 and went door-to-door, eventually building a painting business with annual revenues of $2.5 million.
For the musically gifted, offering lessons to others who want to learn an instrument can be a great source of extra income. Unless you’re teaching piano, students can bring their own instruments to your home for hour-long lessons. Stock up on sheet music or songbooks in varying genres and aimed at various skill levels so you can offer a wide selection for your potential clients. Voice lessons can also bring in a lot of money if you market yourself to local high school and community theater groups.
It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that’ll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you’ll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, according to CNBC.
Sales Tax Permits – If you intend to sell taxable goods, on- or offline, you will need to obtain a sales tax permit. Remember that sales tax permits not only refer to where your business is located, but where you conduct business. Even if your state of residence doesn’t require sales tax, if you transact business in a state that does, you can still be liable for having a permit. Small business sales tax laws can be complicated, so do your best to understand the intricacies before beginning your business.
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
Running your own business from home has a real charm to it. You’re your own boss. Your working hours are flexible. Costs are low since you don’t have to pay rent on a brick-and-mortar office. And there’s no need to ask permission from anyone to, say, walk your dog when the spirit moves you.
You can buy a beer kit for under a $100 and start experimenting with brewing your own beer. If things go well, you can eventually open your own microbrewery.If beer isn’t your thing, then you can start making wine. Start by purchasing juice or growing your own grapes. If the batch is good, then you can sell your vino online and someday launch your own vineyard or tasting room.
Drones are scorching hot right now. In fact, drone sales boomed from 224 percent in 2015 to 2016 to almost $200 million. As Susan Ward writes for The Balance, “Drones are rapidly becoming an indispensable tool in a variety of industries.” If you want to capitalize on this trend you could start a drone-based business such as sales, customization, repair, training, photography, mapping, surveying, or security surveillance.
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.
Putting on a little weight, let the suit out. Losing a little weight, pull it back in. Then those new pants never seem to come in my short size, so they need to go to the tailor too! You might not be able to live at Trump Tower, but you should have a good steady income as a tailor.
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.
Don’t forget good ‘ol lawncare or landscaping. As we become more and more acquainted to the air-conditioned lifestyle more people are going to want to pay someone to do landscaping. If you like to sweat this one may be for you.
There is a huge upside potential rebuilding auto parts, like transmissions. However, I have friends who have gone into this business and it can take years to nail down your production process, develop your customer base and start to reap the big money.
KJ Henderson has more than a decade of HR and talent acquisition experience. He has held roles at a Fortune 100 investment bank, a media conglomerate and at one of NYC’s largest executive staffing firms. He currently heads recruitment sourcing at a major movie studio. He read literature at Oxford.
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!?
It used to be that if you had a product to sell, you also had to have a storefront and all the costs associated with it. These days, you can sell anything to anyone anywhere in the world. Whether you’re marketing the organic honey from your backyard apiary, or selling personalized linens that you embroider yourself, you can find a market for your products online.
It is absurd how much money you can make in liquidation! One of my friends made hundreds of millions of dollars as a partner in a firm primarily specializing in liquidating retailers. Typically, a liquidator comes into a business and buys everything that is unsecured. Then if the company is a retailer, they hire the company’s staff themselves to run a going out of business sale. You could specialize in liquidating certain types of businesses or personal estates.
If you have experience cutting hair and giving manicures, opening up shop from your home is an excellent way to start your own salon. Make sure that you follow all of your state’s requirements for doing salon care in a home, as they can be stringent. Median salary: $22,500.
This is an especially good idea for stay-at-home-parents who need to bring in some money. You’re already staying home with your kids: why not invite a few others to the party? Licensing for in-home daycare varies from state to state, but you will want to make sure you comply with your local regulations. Median salary: $19,300.
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.
For example, if you are streaming video as part of your business, you are justified in buying faster internet. However, if you are mainly using the internet for browsing and email, there is no reason for you to get a higher speed internet package.
The old saying about one person’s trash being another person’s treasure is the mantra of the antiques refurbishing business. This is a great opportunity to turn a hobby into a business. But don’t confuse your hobby interest and your business interest.
Adobe CS6 Design: Includes Photoshop, Illustrator and InDesign, this is one of the premiere design software suites. Adobe is now also offering aCreative Cloud solution, a monthly membership service that grants members access to Adobe software.
An event planner would work with clients to meet their demands for parties, lunches, weddings etc. A lot of your job would involve organising with other businesses such as suppliers. As this is a service based business there would be little start-up costs and there would be no need for any storage so you could potentially run your business from home.
Recently, I received an email from an individual who was desperately seeking a legit, online, work from home business opportunity. This person had currently moved to a very rural area of town and was unable to commute to work. Another obstacle that this individual faced was the issue of needing money ASAP to pay for bills and daily living expenses, but they still wanted the flexibility and perks of being their own boss.
EBay seems as ancient as a dinosaur in today’s fast-moving webiverse, but it’s still the top online auction marketplace, where users go to order collectibles, rare goods, and other items. Building a solid reputation on eBay can take some time, as most sales go to the power sellers who have established five-star ratings. Still, if you can acquire the goods no one else has, you can make a nice income reselling items on eBay.
Art collectors love to have catalogs of their work both to show off to their friends and to use as potential sales tools. It’s surprising how little some people know about the art they have. If you have photography and research skills, put them to work in this business. It can be surprisingly lucrative.
Having been on television and done many videos, I can appreciate that makeup consulting isn’t just for women! With the Internet leading to more and more video production, makeup consulting is becoming more important than ever!
Create a business plan for your home based business. This is the blueprint for your business. It may also help you think of things that had not crossed your mind about your business and help you determine what kind of start up costs you are looking at. At minimum, a business plan should include the following:
I am 3 years away from full retirement but would love to do it earlier and get out of the rat race and learn new skills. I have plent of office experience and working wiith numbers and pc’s. Can anyone give me an estimate of the cost of the online schools for certificates in medical billing? I looked at some of your links to the schools and I know I can ask them for info, but woud like to get an idea of the cost before I have someone contacting me without knowing first if I can afford to pursue this. I am very interested and thank you for wanting to help others.
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.
Photography: generally, everyone I know who has a camera thinks they’re now able to shoot professionally, either with micro stock or wedding. Aside from skill issues, wedding photo requires a lot of gear: 2DSLRs, 3-4 pro grade lenses, lights, and photoshop….and you have to know how to use it all under pressure.
You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
If you are considering a home-based or online business, then it is important to do your research well in advance. Obtaining the business licenses, permits, and zoning approvals can be a time-consuming process. If you don’t allow enough lead time, you may have to delay your business launch.
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.
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.
A personal concierge handles everything from managing schedules to running errands like taking clients to the airport or their dog to the vet. In a nutshell, it’s being someone’s personal assistant. But, depending on the market, it can make you some serious bank.
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.
My kids did an upscale sneaker and related goods boutique. This can be a lot of fun but it may be harder than you think to make money. First make absolutely sure your location has great foot traffic—stand there and count heads before you sign a lease! Then develop a distinctive plan for merchandising, and don’t be afraid to mark down what isn’t moving.
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).
Then don’t sell YOUR product or skills for $5. Other people, your competitors, are allowed to do whatever they want. If someone makes a product and markets it for $5, while you make a product that YOU consider to be much more valued and market it for $100, the consumer still has the power of deciding what they would rather spend their money on. I’ve worked in the culinary industry for 10+ years and the saying I’ve always heard is that if you can’t handle the heat, then get out of the kitchen. Anyone can tell you if something tastes good or bad, but that doesn’t mean they can create high quality meals like I can. That being said…
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.