If editing and advising college students on how to write compelling 500 word essays on topics such as "You were just invited to speak at the White House. Write your speech," seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.
A relationship coach offers helpful, actionable tips about how to strengthen relationships with romantic partners. A relationship coach may work with husbands and wives, boyfriends and girlfriends, or single people. It's unequivocally different from couple's therapy in that it focuses more on the behavior patterns of the relationship and not as much the thought patterns. It doesn't require couples to delve into their past, or to open up about their innermost desires and fears. It is not designed to address serious underlying issues like mental illness or domestic violence. It’s a method of helping couples or individuals find the motivation they need to tweak their habits, so they can survive and thrive. It helps single people identify what they need in a relationship, and separate those needs from what they want. Coaches help communities by resolving conflict, promoting domestic harmony, and establishing healthier coping skills.
Forget content marketing, video is the new king. Creative and video agencies charge gazillions of dollars for high-end production, so there’s a lot of demand for budget services. If you know your way around video editing software, this is a great opportunity to make some extra cash. Combine this skill with a voiceover service and you have the beginnings of a promising online venture. Many businesses and private clients are looking for video editors on freelance marketplaces, such as PeoplePerHour, Upwork and Freelancer, but you can also get extra exposure and generate profit by setting up a YouTube channel and creating some value-driven video content.
Are you an accomplished instrumentalist or vocalist? Have you played in a band or a symphony? Even if you just play as a hobby, selling music lessons online can be a great way to help people explore their passions and make yourself some money on the side. Parents often seek out professionals to help their children learn how to play a specific instrument, and virtual music coaches are becoming more and more popular.
But that was 2007, and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here. The BLS reports that freelancers and self-employed individuals may comprise 20% of the workforce by 2020.
Great post, MM! Incredibly inspiring, I really only grasped the side hustle concept since starting my blog about 6 months ago, after reading sites like yours. Already, apart from my blog, I’ve put my personal recording studio into use and started a music production side hustle, and a friend and I have launched a boutique logo design start up, called BroGoLogo, as an quality alternative to commodity products/services that you mention in this post.
A side hustle is more than just another stream of income, it’s also the new job security. When you receive paychecks from different sources, it allows you to take more chances in your “regular” career. More income means more options. More options equals freedom. You don’t need entrepreneurial experience to launch a profitable side hustle. You don’t have to have an MBA, or know how to code, or be an expert marketer. You don’t need employees or investors. With Chris as a guide, anyone can make more money, pursue a passion, and enjoy greater security – without quitting their day job.
If you want to speed up the process of launching your blog, I recommend setting up quick, affordable and easy website hosting with a company like Bluehost, choosing a simple WordPress theme and working on your first post, in order to set the precedent of prioritizing your time on creating content, connecting with (and building) your audience. Then once you've been able to build a community around your blog, you'll want to invest in really understanding your readers—so that you can give them more of what they want.
If you are an experienced public speaker yourself and know the tricks to keep calm and deliver a strong presentation, you can provide guidance for someone else who hopes to do the same. Outside of one-on-one coaching; you can create general guides, and make short video presentations on body language skills clients can use to become better public speakers.
Live bands are paid to perform music professionally before audiences in bars, nightclubs, concerts, private parties, corporate events, and other public venues. Peripheral revenue can be generated through the sale of recordings and merchandise. In addition to the group’s musicians, ownership in the business can include its manager and anyone else with a financial stake.
In the last few years, I’ve created online courses, launched a self-published book (under a fake name—not proud of this one), done marketing consulting, launched an email course, Airbnb-ed my apartment, traded stocks, bought cryptocurrency (my best investment to date), bought a condo and put it on Airbnb, wrote a book (a better one), bought a business, put affiliate links on my site, given paid talks, written book summaries, and built an affiliate site for a basketball dribbling course I never took (also not proud of this one).
If you’re not familiar, podcasts are essentially self-published talk shows. The audiences tend to be extremely engaged and it’s one of the best outlets for networking that I’ve ever seen. The engagement also makes it one of the best marketing channels out there right now. Many podcasters are reaping the benefits, with some like John Lee Dumas bringing in $2,000,000+.
As you can see, you don't have to spend thousands of dollars to start a side business. The 11 ideas above only scratch the surface of the types of side business you can start to make extra money. Plus, who knows? You might even be able to turn your side hustle into a full-time career today. Start small with an equally small investment, and see where it takes you!
Get a tax ID number. If you're starting your side business in the US, you need to apply for an Employer Identification Number (EIN) for your business from the IRS, even if you don't plan on having any employees. You typically need a separate tax ID for your business in most countries if you want to keep your side business legal and above-board.
If you love to travel and find yourself frequently searching for airfare sales or browsing sites like Lonely Planet, why not monetize your knowledge as a private travel consultant? Start with friends and family who know they can already count on you for cheap flights and amazing activity recommendations. Ask for referrals and sign up on a site that connects you with travelers, such as Plansify. As a Plansify Travel Advisor, you can start connecting with a larger audience of people seeking your advice. Most registered advisors charge $12 to $30 to answer up to three traveler questions, and $50 to $75 for a one-hour Skype session.
You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost, will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.
Firewood!!! I live in a semi-rural area about 1/2 hour North of Newcastle, Australia (houses on normal blocks, 1/2 acres blocks, “lifestyle” type blocks). A few people here will deliver a trailer load of cut up firewood for various amounts of money locally and into the more residential areas in the city. If you have the room to store firewood to season and a log splitter, its a good side income (for winter). I also know a lady who was struggling to find work after moving here. She started doing before and after school care and earns more doing that, than she did working full time in an office previously.