When you’re operating a business part-time, realize it probably won’t grow as fast as a full-time business would. Many side business owners get discouraged because it takes so long for their businesses to grow. Generally, a business’ growth is directly proportional to the amount of time put into it. So when you can only put in a few hours a day plus weekends, it will take longer to get up to speed.
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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.
The problem with traditional conferences is that they can be super expensive to run. You need to rent the venue, buy the catering, pay the speakers, hire event staff – those costs add up fast. What if there was a way to host the conference without all of the unnecessary costs? Well, a few smart people figured out that by running the conference virtually you effectively mitigate all of the expenses allowing you to discount ticket prices while still turning a profit and delivering massive value to your audience!
Ghostwriting pays pretty well, and if you're talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO's—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
Companies have different rules about employees working other jobs. Study your employer’s rules regarding what they expect from you if you open a side business. If you intend to offer a competing product or service, you may risk losing your job, particularly if you signed a non-compete clause when you first started. You could even be subject to a lawsuit if you market a product or idea you came up with while working your full-time job.
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.
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
A resume writing service will assist job seekers by creating a resume that clearly communicates a candidate’s skills. Those who perform this service will have to interview candidates, and construct resumes that positively catch the attention of those reviewing the candidate’s resume. This service can include cover letters or thank-you letters to potential employers.
A friend’s son was a member of the Chess Club at his elementary school. He spent one day a week after school for an hour, learning how to play chess. His parents paid $40 for 8 weeks of this club. That money went to the leader who was teaching everyone how to play chess. He paid a small rental fee to the school, but everything after that cost was profit for him. This brilliant idea could be a side hustle for you on the weekends or evenings. This entrepreneur offered these services to four different schools, worked just an hour a day and was able to live on the money he made while going to college. This is definitely not limited to chess and could be offered at a local rec center, a church, or the library.
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.
AirBnB offers a great resource for people that are willing to rent out a spare room or even their entire home. If you're in a bind for some fast cash, AirBnB offers you an avenue for creating an income. You'll get paid 24 hours after a guest checks in, which is to avoid any problems or potential scams that might arrive. Some people earn their primary income just by renting out rooms or homes on AirBnB.
There isn’t one way to bootstrap your business—and this can be both a positive and a negative. Bootstrapping can offer entrepreneurs an opportunity to be flexible, creative, and fund their business on their own terms. It often results in cobbling together a variety of revenue streams in order to establish a solid financial platform to get a business going. However, this can also be a risky, unstable endeavor, which is a potential downside to consider.
31 Online trading Sites such as eBay and Amazon make it easy for people to dabble in e-commerce. "Start with a clearout of your attic," suggests Dan Wilson, author of Make Serious Money on eBay. "If you start to sell other goods, focus on things you can get hold of easily, or are passionate about. And have an eye on the Christmas market: think about what will be selling well in a few months' time."
Similarly, if you have a particular financial goal in mind, working a side hustle can help you get there more quickly. Imagine you're aiming to buy a home and need $20,000 for a down payment. If your current salary and expenses only allow for $300 a month in savings, and you manage to earn another $300 a month from a side hustle, you'll reach your goal in half the time.
This business is ideal for current and former teachers, which is why many teachers begin their home tutoring business as a part-time job. You must be a people person, as most of the business regards direct, one-on-one interaction with others. It helps to be good with children of all ages, as they comprise the vast majority of your customers. Finally, it helps to be organized and self-motivated: conducting home tutoring as a full-scale business means managing many contacts, reaching out to local schools, and making sure you have enough time during each session for your various clients.
This step is more for someone who does online writing/blogging as their side business. For bloggers, a content calendar is a godsend and is something you should be doing every month (in my opinion.) If you run a small business or online store, calendars can help you complete priority tasks, keep up with email marketing and social promotions. Even if you don't blog, you need to have some type of calendar for all of the marketing activity you're doing to, well, market your business.
Great read Lauren, always looking for extra ways to make cash. I just wanted to share something I’ve been doing recently. I run an office and have noticed that unused toner was piling up in storage. Looked into returning but that was no good. Tried out the site http://www.tonerconnect.net/ and was impressed. They had quick service and that payout was nice.
I created an “Every Day I’m Hustling” shirt and sold enough for the campaign to ship, but didn’t earn much on the experiment because of some not-very-effective Facebook advertising. Still, some opportunity here and a friend of mine is doing REALLY well with this. If you can create awesome designs and reach the right people with good Facebook targeting, Teespring can be very profitable.