It’s no secret I’m not a fan of balance in all areas of your life. This is a perfect example of why. If you’re going to have a side hustle, then by definition, you’re doing it on the side of something else (probably your day job). And if that’s the case, you’re not going to have much time for other things. Take a look at my YouTube video on my daily schedule working full time and blogging to get an idea of how I do both.
Domain trading has been around for decades, and while the best ones have long been sold off (Insure.com went for $16 million in 2009), there’s plenty of others you can get your hands on for relatively cheap. Earlier this year, I registered thelaunchformula.com for $11.95 because it was a catchy title for an upcoming course I’m filming. Since then, I’ve already received two offers to purchase it for just under $1,000.
It’s likely you’ve developed valuable skills and expertise within your industry that would be of great interest and help to aspiring entrepreneurs, startups and small businesses. Becoming a business coach or consultant is easier than it sounds – once you’re able to demonstrate your achievements, whether in the form of case studies, client testimonials, free sessions, value-filled content or other avenues, you’re bound to receive business opportunities that you can explore in your spare time. Every skill from inbound marketing, to cold calling, to bookkeeping can be monetized if you target the right audience and learn to promote yourself. Don’t be afraid to get out there and offer your help free of charge at first to get the ball rolling.
50 Writing letters to magazines You can make between £10-£200 for a good letter or photograph to a weekly magazine such as Take a Break or Pick Me Up, suggests Birtles. "If you have a really juicy story you can make even more, and you don't even have to write it, she says. Women's magazines particularly are usually desperate for items for their letters' pages, and even quite tame stuff often gets in.
Instead of having to open up your brick and mortar store, sell your creations on Etsy. Whether you make clothing, crafts, baby toys, or jewelry, you can open up your own store at Etsy. I have a friend selling her awesome clothing line on Etsy and it brings in a very nice income for the family. This is another great side hustle, but don’t expect instant results. You may need to be patient for this one.
If you aren’t familiar with the term, bootstrapping, also known as “self-funding,” refers to the various methods entrepreneurs can use to fund their startups beyond funding sources like small business loans. The phrase, based around the popular idea of individuals “pulling themselves up by their bootstraps,” refers to doing something without outside help—in this instance, funding your business.
When I used to work at CreativeLive, I regularly paid $250-$500 (or even much more depending upon audience size) per episode for 90 seconds worth of advertisements on relevant podcasts like The Tim Ferriss Show, the #1 business podcast right now from the 4-Hour Workweek author, Tim Ferriss. The podcast has even helped Tim launch his latest New York Times bestseller, Tools of Titans to a wider readership.
I receive at least 2 emails a day asking me for my expert opinion on a given company or website. Is so and so a legitimate company? Should I pay $49.95 to work with DataEntryBlahBlah.com? Honestly I'm not that much of an expert. I just know how to do a little research. If you're currently thinking about joining a work at home company and a fee is one of the requirements, put your wallet or purse down. Before you make a decision that you might regret, watch the video we created. By the end of watching this video, you'll never question whether or a not a company is a scam. You'll know with certainty if it is!
20 Making greetings cards If you're the kind of person who loves making things, why not try your hand at cards? Ask a local shopkeeper what kind sells best and follow their advice, working to a distinctive style of your own. Then try selling to family, friends and local businesses. Be mindful of material costs and time taken though, as wastage can be expensive in such a low-value product.
This is a great business for those who enjoy interacting with people while treasure-hunting for bargains at flea markets or estate sales. Those who have a talent for finding bargains and negotiating prices can transform that talent into a successful resale business. It’s also a good choice for recycling enthusiasts who want to save usable items from landfills and help conserve natural resources. Community-oriented people who want to help provide necessities for low-income residents at reduced prices are also good candidates for this business.
With more of us working fewer hours and with a resulting earnings gap to close, there's arguably never been a better time to set up a business you can run in your spare time from home. Whether it's to help make ends meet, or to follow your passion, or maybe even both, we've asked the experts to come up with 50 practical and cheap ways to make some extra cash.
Be sure to consider your concept thoroughly, to test it out among friends and family members, and to secure their business as well. Be organized, commit to your plan, and hold yourself accountable. Remember, you’re your own boss in this endeavor, and need to discipline and commend yourself accordingly. And last of all, if you don’t succeed the first time around, try, try again!
6 Car boot sales This is a part-time occupation that increases earnings and broadens horizons as you make sales and get to travel, says Emma Jones, author of Working 5 to 9: How to Start a Successful Business in your Spare Time, and founder of the website enterprisenation.com. "Consider selling specialist items and building a reputation for being the go-to person; offering your knowledge and expertise with the product can increase the price you're paid," she suggests.
Christy Wright is a Certified Business Coach and Ramsey Personality with a passion for equipping women with the knowledge and steps they need to successfully run and grow a side business. Since joining Ramsey Solutions in 2009, she has spoken to thousands across the country at women’s conferences, national business conferences and Fortune 500 companies. You can follow Christy on Twitter at @ChristyBWright, online at businessboutique.com, or facebook.com/OfficialChristyWright.
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.
It was likely a notary as mentioned in the article as that is all that is required in most states but the bank may have contracts with other mortgage professionals to handle it as well. I use to be a mortgage broker and most loans are signed at the title company with a title company rep who is a notary and also knows the paperwork well. But, any notary can do it although many will not have a lot of knowledge to answer questions.