Of course, you can’t compete with mass-manufactured soaps, so you’ll want to make specialty products. Finding a new scent or creative approach to packaging and marketing will help. You can sell to friends initially, or invest in a booth at a flea market or craft show.
Each state has its own rules about insurance that can be offered to home-based outfits. Look up your particulars at the Insurance Information Institute, an industry trade group and information clearinghouse.
Online Post Office: Believe it or not, your business will not be 100% digital. There’s a very good chance you will need to send paper statements, invoices, presentations or more to your clients and vendors. Instead of venturing out to the post office every day, it might be worth investing in a postal scale so that you can weigh your packages from home. Online services, like Stamps.com, allow you to also print out the exact postage you need, making a visit to the post office unnecessary. You can evenschedule pickups with the United States Postal Service at your home.
If you have a talent for helping people look their best, and know how to mesmerize with eyeliners and turn heads with lipsticks, consider using your beauty skills to pursue this easily profitable side business idea. For under $2000, you can start your own make-up artist business which can make for the foundation of a potentially lucrative side business idea that turns a profit largely by referrals and word-of-mouth from your happy customers.
Several of my friends have done this both as a side business and a main business. The ones doing it as a side business have actually done better. I think that is partly because they have waited patiently for better deals to buy.
Adjust strategies and products as necessary. Respond to your customers. You should set up a system or survey where your customers can rate their experience with you and your business. Be sure to strive for perfect ratings. Any criticisms you see consistently mean that you should change that aspect of your business.
This seems like a fun and easy business and it can be very rewarding. However, it is very competitive and can be hard to break into. Interior design is also increasingly sophisticated, with software design simulation and specialized educational backgrounds becoming more common.
Some firms outsource their customer service operations and many of these companies accept home-based contractors. You can start by signing up on freelancing sites such as Upwork to test the waters with this business idea first. If you’re already a CSR specialist with management skills, then you can form and lead a virtual team online and engage clients as a bona fide customer service company or, provide customer service training to such teams as well as individuals.
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.
It’s easier than ever to find a trend and turn it into a full-on entrepreneurial venture. Channel your passions and skills to leverage a professional opportunity in the new year. Here are 12 great business ideas for 2018.
It’s easy to get drawn into work filling every waking hour. You must be disciplined, manage your time well and be a self-starter. Set daily work hours and do your best to adhere to them. That’s easier said than done, but burnout will do nothing to boost your business.
Non-profits, universities, hospitals and other community organizations all have a great need for grant money to supplement their budgets, but grants are notoriously tricky to write for the first time. If you have experience writing grants, or are willing to learn how to do it by practicing your skills without pay for a few non-profits, you can start a lucrative freelance grant writing business. According to eHow, grant writers can make anywhere from $40, 300 to $67,000.
This side business idea isn’t for most, but consider Kia Silverbrock who has been granted over 4,665 US Patents in his lifetime (so far). You don’t have to invent the wheel to make good money from your patented concepts—just make sure that your idea can be produced affordably, or it will never stand up against a lawsuit in the future.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
With the amount of tutorial videos, online courses, and applications that offer step-by-step guides becoming a currency trader has never been easier. And, it can make you a ton of cash. After you’ve learned the basics, you’ll just need a small amount of cash flow and a phone, tablet, or computer.
One of the easiest ways to screw up your business accounting and possibly run afoul of the IRS is to commingle personal and business funds (and transactions). Using a business account for all business transactions eliminates that possibility.
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 regards to working from home, I think that the first thing a person needs to understand as much as possible is to understand finance. I don’t mean high finance, I mean daily finance. If America really spends more than it makes overall, you better not be in that crowd.
Of course, photography can take many forms, from photojournalism to portrait photography to general-interest stock photography. You’ll most likely go for either setting up a studio in your home or taking pictures for use as stock photos, as true photojournalism requires years of experience and almost never involves actually working from home. Keep in mind that stock-photo sites work on a revenue-sharing model, so simply selling pictures to one is unusual.
Private school and private colleges and universities can cost a bloody fortune! Yet by carefully evaluating a family’s resources, reviewing school choices, assessing school financial aid offerings, and by exploring outside scholarships, a talented financial aid consultant could help a student attend a school that was previously viewed as completely unaffordable. To get going in this field, you will want to do extensive research, and then either help your own kids or perhaps those of friends, to get some experience under your belt, before seeking out the general public.
It seems that just about every business I’ve been involved in hires home-based editors, who work on a freelance basis and set their own hours. Generally, this work falls into three categories: 1) Developmental editing or making highly substantive changes; 2) Copy editing or wording and grammar improvements; 3) Proof reading. Many editors specialize in one aspect of editing, others cover them all. You may further specialize such as in technical document editing.
You could run this as a seasonal camp during the summer. But I find it’s tougher to make lots of money at seasonal businesses, so instead I would first consider offering a creative arts day camp after school or on weekends. I suggest doing surveys to find out what age groups of kids and what specific art activities have the most appeal.
The best form of marketing is through your current customers. While this may seem obvious, most of us just don’t do it. We may feel uncomfortable asking existing customers for referrals or we may not realize how powerful a marketing asset this can be. But if you don’t try you won’t reap the benefits. And it’s actually quite simple to do, if you know how to present your products or services with certainty, and can go a long way towards building your business.
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!
Dogs are amazing. But, owners aren’t always at home to take them for a walk. If you’re a canine fan like I hope you are, this great side business idea can net you a regular profit by just taking some adorable pups for a stroll around the park. With pet-crazed, yet busy Americans having more pooches around, dog walking services have become a thriving industry in some U.S. cities. In fact, there’s already an app called Wag that links up dog walkers who want to exercise this business idea with the pet owners who need a helping hand.
With the popularity of cycling, there is going to be an increasing number of cycles that need repairs. That could be anything from a puncture to new brakes being fitted. If you know how to repair a bike then you could start a small business repairing them. The business itself would be low-cost to start off and the main cost would be labour. You could even start from home.
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:
Anyone who has ever had the unenviable task of cleaning up a house for sale after the death of the owner knows just how important this job is. Junk removal can be as simple as hauling away unwanted stuff to the dump, or it can be as complicated as separating out the trash from the treasures and handling the actual sale of the goods.
No one likes doing taxes, and they need to be paid whether the economy is booming or tanking. This is why at-home tax preparation can be a great business for anyone with a tax background, or anyone willing to take training courses. Since there are annual changes to the tax code, you will need to refresh your training each year, and you will also need to register with the IRS as a tax preparer. This is more of a seasonal business than a year-round endeavor, but it can be a great way to earn some extra income each winter/spring. Median salary: $30,900.
Software drives businesses today. This is a fact not lost on individuals and companies attempting to earn a profit, make a name for themselves, or simply get things done. As a result, the job outlook for software developers will be much sunnier than prospects for many other occupations—creating massive opportunities for this business idea well into the future. In fact, it won’t take you long to find a good-paying software development project as a side business idea on sites like Upwork, Guru.com, and Freelancer. LinkedIn also recently launched their brand new freelancing platform, ProFinder which has a dedicated section just for hiring talented software developers.
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?
Another option is to find a virtual colleague. PivotPlanet, an online mentoring service, lets you connect with its expert advisers via one-on-one video and phone conferences. It’s designed to help shape a relationship that can evolve over a series of sessions at regular intervals or on an as-needed basis. These meetings are billed hourly at rates of $40 to $125.
There is solid demand for this business—and no wonder installing carpet including stretching it out to fit just right—is harder than it looks! Demand comes not just from homeowners but also from commercial businesses. You can land installation work from carpet retailers, from online business service directories, or from advertising on places like Craigslist.
Do I need to tell my mortgage lender? Residential mortgages usually prohibit using the property for a business, so you need to check the terms of your mortgage and if necessary, ask for consent from the lender. Breaching your mortgage could risk the loan being terminated and being repayable immediately.
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.
No, babysitting isn’t just for teenagers and college students. Quite on the contrary, if you call yourself an Au Pair instead, you can make some pretty good side money working nights and weekends with this business idea if you don’t mind the often odd hours.
If you understand design and have a passion for décor, a career in interior design could be a great path for you. While you may not technically need a formal education to be an interior designer, having a bachelor’s degree in interior design will definitely give you a huge leg up in the field. But if working for a design firm doesn’t feel right to you, try running your own interior design business from your home.
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.
Set up your home office. To work effectively, you’ll need to have a dedicated business space within your home. If you work locally, this is also your commercial space. You’ll need to create an area separate from family members, pets, and other distractions. If possible, separate this area as much as possible from the rest of your home. The physical separation will help create mental separation between your home life and work life and also make the tax deduction for a home-based office less subjective.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
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.
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.
While you can find terrific resources online about family history, it takes someone to patiently piece it all together—that’s where you come in as the family history writer. Do your research carefully, put it together in a snappy-looking package, be patient in answering customers’ questions, and you could grow this business nicely.
Believe it or not, it is possible to actually reach a woman named Peggy (and not a man with a Russian accent) when you call customer service. That’s because of the homeshore movement, which is trying to hire more independent contractors to work from home on customer service issues. If you’ve got a phone line and an internet connection, you can work from home as a call center rep. Median salary: $30,460.
Great ideas! I’ve been thinking about starting a home-based business for years but I just never stopped long enough to actually start and I didn’t know what kind of business to pursue. Now I’m ready to get started and you gave me some really good ideas. I really appreciate the links to more information on how to get started in several of these business opportunities. I will definitely look into them.
Christmas, Halloween, Easter, Yuletide, Hanukkah, Valentine’s Day, Chinese New Year, 4th of July, Mother’s Day. There are a ton of traditional holidays that count as solid reasons to explore the side business idea of crafting and selling seasonal decorations. After all, people and businesses pay good money for them. In fact, total sales of Christmas trees in the U.S. alone amounted to a whopping $1.04 billion in 2014. And you still have holiday lights, nativity scenes, crafted hangings, baskets, wreaths, and other decorations to cover, making this a potentially year-round seasonal side business idea.
There could be some investment necessary in equipment, and the biggest challenge might be getting your hands on the antiques you plan to refurbish. (Hint: Get to know some auctioneers.) Once you’ve turned a few pieces around, take some high-quality photographs for promotional purposes and go from there.
Potential challenges: Depending on your location, you may need to get licensed. You may also face heavy competition from other local sitters and companies such as Rover, which connects dog owners to sitters and walkers. You’re also responsible for the safety and well-being of the furry ones.
Videos are now becoming a popular way for businesses to promote their products on the internet. Videos can often get across a lot more information about a product than just text and images. If you know how to shoot and produce professional videos then you could charge businesses a fee for these services
All you need is one dog to walk and you’ve broken into this business. And at the same time, I have seen people build this into a big business, including to the point where they have to hire additional dog walkers. Dogs need to be walked regularly—just ask them! Woof! Woof! Yes! So, you’re guaranteed a steady income and a good business model!
If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
There has been a large increase in customers looking for parts for vehicles and this has led to some successful businesses focusing on just one model. You could easily start a successful e-commerce store for specific car models. As a niche site you would most likely have little competition and could charge more for hard to find parts.
Becoming an Uber driver has quickly become a great way for people to get their own business off the ground. You will need to pass a background check and have valid instate driver’s license and auto insurance. The process is pretty painless and will get you rolling on your own business. Many people start as an Uber driver to pay the bills while they work on another business that they are more passionate about. Check out our post to learn more about Uber driver requirements.
The key to success in this business is being very disciplined in buying. Limit your car buying to popular models that you can turn over quickly, models that you have a strong understanding of current local pricing on, cars that you can buy at a significant discount to the price you believe you can fairly sell them for, and cars that are highly unlikely to need major work.