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.
It’s a big risk to leave a stable job and venture out into territory unknown, which is exactly why many people decide to test the demand for their new business while still enjoying the benefits of a full-time salary. This works particularly well if the idea is new or you aren’t sure whether or not the product will go over well in your area. By not committing full-time to the business, you can maintain a safety net in case it doesn’t go as well as you hope.
This business is great for veterans of yard sales and thrift shops—basically, anyone with a good eye for finding surprising items at low prices. It's also good for those with an eye for style and design, so you are able to see not just what the worn down furniture is but what it could be after some modifications. Finally, it's good for those with sales experience, as the job may involve a lot of individual interaction with a variety of customers.
Last year the online learning industry hit $107 billion dollars. That’s billion with a B. Tons of 9-5ers are realizing they have unique skills sets that other people want to learn. Getting started is simple too, all you need is a copy of Powerpoint, a pair of headphones with a mic and some screen recording software. Then you can either drop your course on Udemy or you can build your own site and save the royalty fees!
An effective social media strategy that’s focused on attracting new prospects and nurturing leads can take a lot of time to develop and implement. Let alone all the automation, optimization and engagement tools and tactics that a good social media manager needs to master. So while the majority of business owners will strive to have a presence on social media channels, only a few will know how to get the best ROI and tie their social media efforts to the bottom line. Tapping into this need and helping businesses manage their social media accounts could turn out to be a very profitable side business idea.
Blogging is a great side hustle because you can do it at your own pace anywhere you want. It's not a quick and easy way to make money, but there are a lot of ways to make money side hustling while blogging. You can sell advertising, become an affiliate for other people's products, sell your own online product, and more. It does take time to build up an audience to be able to make a decent amount of money, but once you have a large following, you could earn over $15,000 per month or more (we do).
Although you can still build a niche website around your personal passion, it is typically a more calculated affair. You gear all your efforts towards establishing multiple income sources and earning money rather than getting the satisfaction of following your hobbies and interests. You might be a huge fan of Queen’s music, but if there’s no money to be made off this, you won’t pursue the idea as a side gig.
Credibility is critical, so it’s imperative that you have a connections in the entertainment business. You do not need to be famous, but you need to have relationships with others in the industry, so they can verify that you have the knowledge needed to teach others the art of acting. If your specialization is in film acting training, you should be a current or retired film or television actor, director, casting director or have similar industry experience. If you’re teaching commercial acting, you should have experience as a commercial actor, director or on the ad agency commercial production side. Your reputation in the acting community and how you promote your credentials will be critical to your success.
Though illustrating can sometimes be a slow process, if you’re capable of making high-quality images in a short time, you can supplement your income with an illustration business. Cartooning, sketching, and such are in-demand and being able to provide these services can set you up with a steady stream of clients while you work a limited number of hours a week.
Top side hustles have one big thing in common: there’s a high demand for it. A virtual assistant is an assistant who works in a remote location. They can help with tasks such as administration, social media, bookkeeping and more. There’s been a growing demand for virtual assistants from business owners who need help on various projects. As a virtual assistant you can specialize in countless areas. In the past, I’ve hired virtual assistants for social media and customer service. And there are countless other businesses around the world who rely on virtual assistants to grow and maintain their brands.
Happy days are here again – or so you might assume from a recent wave of optimistic reports about the economic outlook and rising consumer confidence. But while unemployment is down, the latest labour market figures reveal a surge in part-time jobs as employers remain anxious about long-term recovery prospects, suggesting it may not be time to hang out the bunting just yet.
Use your various social media accounts to bring potential customers to your Selz store; and, once you have enough people interested in your services, let them know for every referral there will be a discount or a give-away. This will ensure you build a customer base, and each referral with boost your income. Reach out to past clients for reviews and post them for potential customers to view.
I made this mistake in the beginning of blogging. I didn’t have a six-month goal, let alone an end-goal, so I made a lot of choices that led me down the “popularity” path (more of an influencer) instead of the “profitability” path (specifically for making money blogging). I could’ve saved over a year of time if I focused on the end goal of profitability from the beginning. It’s really easy to get distracted when you start a blog (something I talk about in my blogging course) – something I learned the hard way!
My events are seasonal (May-December here in Massachusetts) and some vendor fees need to be paid months ahead of time to secure a space in a well attended show. This is a great opportunity for peer to peer lending! My best fairs cost between $125 to $250 to get in, but I can make $1200 or more at those shows. My 2 sisters invest in my biz early in the year so I can pay those vendor fees during my slow season (Jan-May) when I don’t have much income from my biz. I pay 10% interest on their investment, which is usually about $1500, and pay them back by the end of December. 10% is much more than they would get leaving that money in their bank account. If I had the funding, I would go to farmers markets and fairs and talk to the crafters/vendors about my peer to peer lending services because most of the vendors I know struggle with paying those fees which are due during their slow season.
The ideal candlemaker should love the craft of candle making and have skills involved with sales and marketing. Candlemakers can begin modestly—in the kitchen and storage space of your home or apartment, and with a limited budget and inventory. Since candles are often thought to be commodity products, you must constantly seek ways of branding your line to differentiate yourself from competitors. Showcase your product line attractively through excellent image photography, a strong online presence and savvy sales skills.
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.
So you love to cook? You could start a restaurant that will take a full-time commitment and a lot of money – or you could start a weekend catering business or a mobile food truck. A business where you provide small services on your own schedule can grow as much or as little as your time allows. Look for those opportunities while you're starting out.
Selz includes the option to link your online store to your blog and social media accounts. By connecting all of these sites, you can drive traffic to your store and sell more workout plans. Selz also allows you to upload videos along with your photos, which can be be a great way to feature short, visual samples of your workouts plans and the different exercises you recommend. Customers want to see what you do, and this is the perfect way to show them.
Have you cracked the code for landing higher paying jobs at the drop of a hat? If you have a knack for helping your friends or co-workers navigate the process of finding their dream job, nailing an interview, negotiating a better salary or getting a raise at their current day job, other people would be willing to pay for your help too—making this a great side business idea that doesn't take too much time. Get started by sharing your advice on a personal blog and becoming a career coach on platforms like The Muse and Coach Me where there's already an existing audience of people looking to make a move in their careers. From there, keep your focus on helping people get real results, building case studies to support this side business idea, and eventually charging for the results you're delivering clients.
People who are passionate about music and can play at least one instrument well may be interested in starting a music lessons business. Music teachers in schools and band members are especially qualified, as they both have credentials and connections to people who love music. People don’t have to be a music teacher or in a band to start a music lessons business, though.
Pet photography, like many other types of photography, can be done on one’s own schedule. You will have to be flexible in order to work with clients and find times that work for both parties, but you can pretty much set your own availability in a pet photography business. Best of all, there aren’t many ongoing expenses, so you could run a pet photography business from your home without very much upfront investment.
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.
Similar to selling on Amazon, eBay is a place to make money selling just about anything you can think of as a side business idea, with the added excitement of using the auction selling model to sometimes get way more than you expected for that antique baseball card you picked up at a local street fair. To turn your eBay selling into a legitimate business idea, look for opportunities where you can buy in-demand products at a discount—and later sell them for a profit. Eventually, you can even take the lessons learned from your eBay store and build a full on blog or eCommerce business like what the team over at Gear Hungry has done.
Anyone who has been able to achieve their own goals and would like to help others may be well-qualified to be a life coach; however, there are courses available to teach coaches the most effective strategies to use with clients. Coaches typically have strong interpersonal skills, as the success of a life coaching business depends entirely upon the business owner’s ability to connect with and assist other people.
Renting out an extra room sounds like a pretty smart idea. App development also sounds like a pretty good idea, I found the link you left about how Benny Hsu made 30000 in 30 days quite useful. I have always been unsure on how you can start a blog but the 6-part video that you left was very helpful to understand how better. I also liked the idea of car flipping. I think it could work quite well especially here in Hawaii. I have personally found that dividend investing to be very useful in increasing income. I was also completely shocked that you can be paid to be someone’s friend. That is crazy that you found that.