Websites aren’t too dissimilar to stocks. Many are junk, but some can generate value for you, making it a strong potential business idea if you have an eye for spotting the diamond in the rough That’s why, like stocks, they are bought and sold all the time. You can buy and sell websites as a side business idea in the hope of generating future earnings based on their user traffic, current revenue intake, domain name, or some other factors that might be a hidden cash cow everyone else has overlooked. Interested? Check out marketplaces like Flippa and Flipping Enterprises to learn more.
For my business (blogging here at SeedTime) it took a long time before I started making any money blogging, let alone enough to pay the bills each month. I didn’t really know anything when I started and still feel like I do a whole lot more wrong than right, but the one thing I have had going for me is that I have been persistent.
Of course, you can try your hand at building homes and other large endeavors or you can specialize in smaller projects. Maybe driveways? Patios? Outside waterfalls? Closet renovations? There is no limit to what you can do, but to be highly successful or to build a scalable business I suggest you carefully find a highly profitable niche.
There are many drop-ship product suppliers online. Some provide a variety of products, or, if you’re going to specialize in one product or product line, you can locate a manufacturer that drop-ships. Just do your research and be sure you’ve found a reputable company.
There are lots of graphic designers out there but not so many people specializing in logos. Yet in the age of the Internet, a good-looking logo is more important than ever! Most businesses don’t give enough thought to their logo and end up with a weak result. You can help them create a great logo–one that can help define their business and bring them customers!
Scour local Goodwill stores and garage sales for antiques or high-demand niche items that can earn a decent price tag online. Pick a specific niche, research it, and become an expert so you know exactly what kinds of products to look for and what they’re worth online.
Your county or city will require a business license. The form takes minutes to fill out. Use your EIN instead of your Social Security number to identify your business (for privacy reasons if nothing else).
With over 90% of the information on the internet being created in the last few years, big data is big business. You could start a data analytics business that processes big data to spot patterns and trends. There is a lot of potential profit in making the data valuable for businesses.
Craft beer is a booming business: There were 5,234 craft breweries in the U.S. as of 2016, more than double the 2,420 in operation in 2012, according to the Brewers Association. Craft brewers now hold a 12.3% market share in beer, up from just 5.7% in 2011, according to the association.
Yes, I had a couple golf lessons–but you’d never know it to watch me play! I don’t think I had the right personality for this sport–relaxing and being patient isn’t my thing! But if you have some talent at this challenging game, you can charge some good money and bring your gift to others. Golf is an excellent lifetime sport and people are willing to pay to try to master it!
Yes, you can learn how to repair smartphones. You can buy parts (you should inventory more common ones) and you can watch videos on YouTube that show you how to make repairs. I have been to a small shop in Cambridge that specializes just in fixing casing and glass on smartphones. You can make good money but it will take some patience to get going. A storefront, even a small one on a secondary street or second floor of an office building, will help make your business seem more established.
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.
In August 2015 a popular virtual assistant (VA) company, Zirtual, announced it was shutting down–leaving behind nearly 2,500 clients and 400 employees. At the time, I was already deeply ingrained in the productivity space and figured the news offered a big opportunity to try to fix the existing issues in the VA space.
People love to be organized but often they never find the time to make it happen. And a lot of people just aren’t very good at it either. You can help people organize their house. And in the process, you can make them feel more organized about their life! What a great service!
This is a specialized niche of the fencing business, but so differentiated that it is basically a totally separate, non-competitive business—and that’s the best kind of niche to find! Your market is dog owners, and probably the owners of some types or dogs, or maybe multiple dogs, are much more likely to be customers than others, which means that you can really target your marketing!
Thanks for the helpful list, recently I quit my 9 to 5 job, I am looking for a home-based business to make money, now I got some idea about that, I am going to create a blog to earn money, keep doing this great work. keep sharing with us.
The big drawback to most retail ventures is that they are competing head to head with bigger retailers, as well as online sellers, who may sell brand name goods for lower prices than you can buy them for. Well a resale shop takes all that competition away. Choose your specialty carefully. Sporting goods and vintage clothing are good bets to consider.
“Where 10 years ago every company needed a website and five years ago every company needed an app, now every company needs to embrace messaging with AI and chatbots,” said ChatBot expert Murray Newlands. While making a chatbot sounds complicated, tools like Chattypeople allow you to easily build a Facebook bot without having any previous coding knowledge.
Twenty-four hours after Zirtual’s announcement, I founded Leverage, a high-end outsourcing platform that can do any task or project (as long as it is legal). We set up the company in one day, took our first client on day two, and within the first full calendar year, our revenue exceeded $1 million.
Though this is basically the same as above, it does deserve its own description. Finding someone to regularly watch children during off-hours, like second shift, weekends, or very early mornings, can be extremely difficult for parents. Offering care during off-peak hours means that you can command a higher fee.
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.
We started and eBay business selling our old stuff when she moved from California, just before we were married. We didn’t intend that it would become a full-time occupation, but it’s been a worthwhile business so far.
Do you already have knowledge or experience in a specific area? Whether if it’s showing a business how to go green, how to use new technology, or providing legal advice then you can easily start your own consulting agency. Since you already posses the knowledge and experience the main costs involved are going to be marketing business and networking, specifically purchasing a website and business cards.Interested? Check out this consulting guide I put together to help get you consulting business up-and-running.
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.
I would really llove some input on this Unfortunately I cannot do any physical labor that requires a lot but i have sat for up 24/7 doing these envelopes on occasion and it was well worth my time even when my back and body gave out I would go take my breaks and back to it!
I never thought my blog would generate a million dollars. In fact, the first time it happened, I didn’t even know. One of my team members emailed me in the middle of the night and attached this image:
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.
I have seen people do very well building and renting residences for the elderly. This is a highly-regulated field and you do need to manage it carefully. Staff turnover can be sky high and “one-time” issues with residents and their families may seem endless, but there is a lot of upside here.
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 one is a real wild card, but a friend in Dallas did it successfully for years. He was a self-taught art expert who advised clients on which pieces of fine art would make the best long-term investments. If you’re an art lover and educated—even self-educated—in art history, you can set up a business like this, too.
Toby Woodward has been in the flooring business for twenty-five years. He tells Construction News, “I started my business with $50 and a box of business cards.” His company, Aladdin Floors, started out doing just installation in order to avoid the need to invest in inventory.
Anyone with a knack for style and design can offer interior design services to clients. And it isn’t a requirement to have a separate office. So you can do much of the brainstorming and administrative work from home.
I view a café as positioned somewhere between a sandwich shop and full service gourmet restaurant. You will be cooking a lot of items but not everything, and your dining space will be simpler than a fancy dinner spot. So, you save money on buildout both in the kitchen, the equipment and the dining space. And you won’t need as expensive a chef as you would for a full-service restaurant. Furthermore, if you choose your location well you could have a good lunch business, as well as a dinner time business, and you could do fine in the late afternoon time slot too. Then of course you could offer breakfast as well and really fill in your day!
You need to start out with a good location and you need to do some marketing to get going. This business may also end up being more work than you envision. Something will often need repair, every guest will seem to have a special request, and there will frequently be some renovation or upgrade project you will want to work on. But if you like meeting and entertaining new people, and have lots of energy, this can be good solid business.
Yes, you can compete with the Starbucks and Dunkin Donuts of the world! However, these chains have raised the bar, so your coffee or tea must be not just good, but awesome! Your ambiance better be good too. Your location needs to be good as well. Plus, you need to be distinctive. One way to stand out is to compliment your world class beverages with some fabulous foods. So yes, you can compete, but you’ve gotta be firing on all cylinders in this competitive space!
Two of the biggest problems of operating a retail store are the overhead of having a storefront and the risk and cost of carrying inventory. With a virtual consignment store you eliminate both of these problems! You could take it one step further and have your suppliers drop ship the goods for you.
If you tell people you run a lawn-cutting service they might laugh at you, but so what! You can make a lot of money cutting lawns! You can start with one lawn and a second-hand lawn mower, and grow your business into riding mowers, full landscaping services, fancy trucks and trailers, and lots of happy customers! Click here to see the sample marketing plan I wrote for a lawn service business.