One of the surest ways you can make cash if you're in a bind is to sell items on Ebay or Craigslist. Any used items like furniture, household appliances, collectibles or anything else that you're just not using or is collecting dust, can be sold online to make some money. If you're serious about this, you can even do it professionally for others and collect a small commission for each sale. Take quality photos and write a good description and you'll be in great shape.
Not only is Airbnb a great way to make money by renting out your spare bedroom or living room couch as a legitimate home-based business idea, but you also have the benefit of meeting new people and making new friends if that's your kind of thing. You can even rent out an entirely new apartment just to manage as an Airbnb side business idea, but don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, you can take this business idea to the next level by offering your guests add-on and personalized experiences for an extra charge. Take Lauren Gheysens' Airbnb-based side business idea, Royal Day Out in London, England for example—where she gives visiting tourists a local's only tour of the city, complete with bespoke 18th century costumes.
Treat your business finances like your personal finances. You should be creating and sticking to a budget for both, allowing you to make your money work best for you. It's also important during this time to sock away as much extra money in savings as you can, to prepare for the transition from your full-time corporate job, to working for yourself. This is probably the biggest mistake I made, as I quit work in a huffy with only $3k in savings.
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.
Look specifically for how your competition built their side hustles. Use Google, Pinterest, and Amazon for this. Try to find out exactly what they did, or take a look at their websites and analyze their business models. There’s no need to re-invent the wheel. Of course, you’ll make it your own – you’re not stealing anything from them. But everyone learns business from everyone else (something this took me a long time to learn). So, take a nod from the best in your niche and start there to research how you can start your side hustle.
This job is primarily successful for those who already use eBay extensively. At the end of the day, eBay is like any other market, and success requires being competitive in a market filled with other sellers. As such, being familiar with how other sellers price and describe similar products to your own merchandise will help you hit the ground running when you begin selling. The business is also ideal for those who enjoy a flexible schedule and are motivated self-starters.
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On a more casual level, there are a variety of service businesses that make great side businesses. Sites like Craigslist can be a great way to put your skills to use and piece together revenue. Do you know what interviewers look for? Consider offering resume building help. Know multiple languages? Put your skills to good use and offer tutoring or language conversation lessons. Do you love animals? Advertise yourself as a dog walker for your neighborhood.
You will need to find a niche for the different types of jewelry that you will be selling. For example: if you mostly make wedding and event jewelry, start there and then branch out. If you want to sell everyday jewelry, or specific pieces like necklaces, bracelets, or earrings, you can divide these into separate categories in your store for ease of browsing. When selling jewelry online, you will need great pictures, and you will also want to include detailed descriptions.
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.