That’s my plan. No kids, no spouse, parents deceased. I’ll never be able to retire. On PSLF, but forgiveness not approved until 120th payment. Many are not being forgiven now. I take courses to stay in deferment. FedLoan bases payment on gross; not net. How does that make any sense?! After bills I can’t afford the payment. I have 3 grad degrees. Was supposed to be a psychologist. APA & NCE won’t accept my 15yo degrees for the national exam. So I teach at a CC. Over 180,000 in debt now and it grows monthly.
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.
Taking the Internet by storm, dropshipping is an eCommerce model that allows online entrepreneurs to open online shops without any upfront investment. The basic idea behind this concept is that you find a profitable product idea, set up an online store and partner with a supplier who handles the inventory, packing, shipping, and returns for you. You don’t need to buy the products in advance – once you receive an order online, you pass the request to your supplier and take a cut on the margin. It’s a passive income technique that has a lot of potential and has already made many online entrepreneurs richer than they ever expected to be.
The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
But before you can graduate from side business idea and start earning a full-time living as a graphic designer, you'll need to build your skills—I recommend starting with reading the foundational book Graphic Design School and Steal Like an Artist, the incredible book by Austin Kleon about how to become more creative. To accelerate your education in becoming a graphic designer even quicker, check out the online courses Graphic Design Fundamentals and The Graphic Design Bootcamp. Then once you're an expert at your craft, you can further your education and move up to offering more hands-on experiences like design sprints for higher-value clients around the world.
Regardless of your status, you can become a virtual yoga coach. Consider offering private lessons online via Google Hangouts or Skype; or even making and selling pre-recorded videos that your clients can follow at their own convenience. With so many people traveling for business or pleasure these days, this is a great way for them to stay connected with their practice, regardless of their physical location.
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.
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.
Aside from an attractive glossy cover, and being extremely critical for today's economy, Running a Side Business is excellent tool for anybody yearning for a second income. Again, NOLO series has teamed up with USA Today for another information-filled book for the public. NOLO is a legal companion for more than 35 years, while USA is the nation's largest circulation newspaper.
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.
Dreaming up, building and marketing an online store can be tough if you’re in a full-time job (be prepared to sacrifice your evenings and weekends). But once launched, an eCommerce store is one of the best ways to make money from the internet. It all begins with finding a profitable product niche. Something as simple as selling durian fruits online can turn out to be a winner, so don’t scrap any of your ideas without further research. Whether you’re making, manufacturing or sourcing your products from a supplier, it’s a good idea to think about private labeling and branding from the start. If you manage to establish a solid online presence and your side project takes off, you’re looking at an opportunity to earn a six-figure amount from running a branded online business.
When people go on trips, they’re often concerned as to what will happen with their pets. That’s where you step in — offer yourself as a safe place to leave their pets, or be willing to go to their home to take care of their pets. In many cases, people are more than willing to pay a qualified pet sitter in order to avoid sending their pet to a professional kennel.
If you own a camera, starting a freelance portrait photography business could be a very natural way to turn your skills and passions into a profitable business idea. Start with doing free shoots for friends and family to build up a strong online portfolio, get familiar with your gear and the editing process, then you'll be able to get paid for photographing professional head shots and celebratory family moments as your side business idea. Get started by checking out this men's portrait photography class that regularly broadcasts for free on CreativeLive. Plus, once you have all the photography gear, you can earn a little extra side income by renting it out when you're not using it through online marketplaces like Fat Lama.
Fashion, style, and grooming continue to be a lucrative side business idea that can be done in your hours outside of work. If you know how to mend clothes, then you have a growing market of budget-conscious and/or personalization-obsessed customers. Entrepreneur says you need around two thousand dollars to start a decent side business idea in this niche but there’s no harm in starting smaller and growing from there, as long as you can make magic with needle and thread.
To market yourself as a consultant, you will, of course, have to be an expert in something. But, as Brett rightly says, “most people starting a business are.” What are you good at? What skills from your career can translate over into a viable consulting business? Think about your previous duties and areas in which you have excelled, and go from there.
Your side hustle can help you make some extra money each month. But it can also help you develop new skills, build your personal brand or portfolio and help you achieve more freedom. So, have fun with it! Take a risk by starting a business or pursue a new hobby you’ve always been curious about. A side hustle is your best opportunity to live life on your own terms. And with some more money in your pocket, there’s nothing stopping you from making your dreams come true.
Once you have a regular audience (ideally in the thousands), you'll start to develop a lot of value to potential advertisers. Let's say your podcast frequently talks about life as an outdoor photographer. A natural fit would be to reach out to relevant magazines, gear companies, and camera brands to see if they'd be interested in advertising on your podcast of targeted listeners. The more niche your podcast topic, the better for future sponsorship opportunities.
Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that'll help you generate profits from your private label side business idea. For an incredible deep dive on how to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
Crafts are a great way for parents to entertain their children and encourage them to be creative, but it’s not always easy to come up with new projects in the moment. Selling templates of images that children can trace or attempt to draw on their own can be a fun side business and a popular product. You can put together themed template-books, along with guides that teach children how to make various types of crafts.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you're leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
I live in an apartment complex, and there is a husband and wife team who do valet trash pickup outside everyone’s door 3 nights a week. We have to take our trash to the compactor ourselves on the other days of the week, but on those 3 nights it’s very nice to just put it outside our door! They just have a pickup truck & when it’s full they drive to the complex compactor to unload all of it then head back to the next building. It takes them 2-3 hours. The cost is figured into our rent so they are paid by the apartment complex. Smelly but nice side gig!!