Ahh the wonderful world of freelancing. Freelancing is a bit different than many of the other options on here, but it is equally as lucrative and there are many different ways to go about it. If you have a specific skill that you excel at, you can make money freelancing. And I’m not just taking about coding here. You can earn money formatting Kindle books, as a photographer, as a copy writer, as a virtual assistant or even playing Pokemon Go!.
Once you know what you will be selling, you can start to create. Make sure to get good quality images and write detailed descriptions of your products. To add a fun visual touch to your website, consider photographing your creative process from beginning to end. This side business idea is great to promote on your social media accounts. You can also get friends, family, and followers to spread the word about your new business.
I’m not saying that walking dogs for a few hundred extra bucks a month so you can invest isn’t worth doing. It definitely is and you don’t have to side hustle to scale – any additional money you make and invest will help you walk away sooner. I’m just saying that before you start side hustling or pick your next side hustle, just understand that you really can make a ton of money doing it with the right mindset and strategy.
How can you avoid that? Start a side hustle you can fund through savings -- or better yet, that you don't need to fund. Provide a service that only requires the tools you already have. Sell products you either make or can procure by consignment. Prove to yourself that there is a market -- and that you can serve that market -- before you take on any debt.
I've been listening to the Side Hustle School podcast since the beginning and look forward to Chris' insight each morning. So when he announced he was publishing a book, I jumped at the chance for an advance copy so I could devour even more of his brilliant guidance. (The cover on the advance copy is different from the final version, so don't get confused by the photos.)
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.
While the barriers to entry for a retail shop can be very high, one way to keep costs down and limit your time investment while you keep your full-time job, is to set up a weekend popup shop as a side business idea. More of whatever it is you’re selling—donuts, clothing, antique baseball cards, or anything else—will stay in your pockets instead of going to pay for operating expenses such as rent or utilities by choosing to pursue retail as a side business idea with a short-term rental. This guide from Shopify will give you a step-by-step process for getting your popup shop off the ground.
With dropshipping, you can start a business within any of your favorite passions. Do you love decorating your home? You can sell home decor products. Maybe you’re obsessed with fashion. You can start your own fashion store. If you love doing your makeup? You can sell beauty products and build an audience who follows along to your makeup tutorials. Almost any niche can be pursued with dropshipping. Plus, if you’re a creative type, you can run wild with your ideas. After all, as the owner of your own business, you’ll always have final say. Making this a great side hustle to start out with.
Side Hustles are one of my favorite methods of making extra money, and I love encouraging my readers to start up a side hustle. This blog originally began as a side hustle and l never imagined that it would become my full time job. (Click here to see how to start a blog, or here to learn how I made $160k from my blog side hustle.) But side hustles don't start from nothing. 99.9% of “side gigs” have to be actively managed (and grown!) “on the side” – often on top of full time work. Balancing a full-time job and a side business is not for the “faint of heart”, but it can be done. Below is my guide for how to make it happen and how to (eventually) quit your job and do your side hustle FULL TIME.
This step is more for someone who does online writing/blogging as their side business. For bloggers, a content calendar is a godsend and is something you should be doing every month (in my opinion.) If you run a small business or online store, calendars can help you complete priority tasks, keep up with email marketing and social promotions. Even if you don't blog, you need to have some type of calendar for all of the marketing activity you're doing to, well, market your business.
One bonus is that I got to learn about so many different industries, including for example hydroponics, which I would have probably never learned about had I not had to build WordPress site for the second largest (at the time) online hydroponics store. Another cool thing about building WordPress websites is that my clients then wanted to buy on-going website maintenance services from me. These services included things like keeping the website secure and uploading content. This is where the real gold was, especially from larger law firms. I was able to get some maintenance contracts at $1,000/month – which is a tiny expense for a big firm. Building WordPress websites really added up.
Check out Christy Wright’s Business Boutique Podcast! In each episode you will hear from experts on topics like marketing and social media, plus inspirational stories from women just like you. You’ll also get practical advice and encouragement on how to run a successful side business without getting overwhelmed. Subscribe on iTunes today or listen online at BusinessBoutique.com!
This business is good for photographers, as they will already know a lot about improving an image via specific editing. It can also be good for those with extensive skills in editing software such as Photoshop. Finally, it's good for those who use social media extensively, as such a person will be able to offer creative editing services to help customers build their online brand through unique visuals.
I remember staying up until 2am to start my blog on a work night (and I am in bed at 9pm normally!). I was so excited, I couldn’t help myself but go all in and start. This is the type of enthusiasm that works really well with starting a side hustle. The more excited, committed, and focused you are, the more likely you’ll be disciplined and therefore, successful.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that's what I love most.
Ideally, individuals with photography experience and an eye for architectural detail will be the best fits. Contacts in the real estate industry are an added bonus. It is also beneficial for the person to enjoy working outside or away from an office setting. Being in the field requires reliable transportation and an ability to transport gear, sometimes on foot for extended amounts of time, as well.
There’s a reason plenty of entrepreneurs don’t quit their day jobs—innumerable startups have come into existence as a result of the daily nine to five grind. Joseph Howard maintains his full time job, in addition to freelance work and channeling his energy into his two startup ventures. The combination of freelance work and his full time employment gives Joseph the financial freedom to work on multiple projects at once.
Additionally, business owners who start this type of business are in good company. Not only do many people have successful children’s book businesses today, but one of the most successful children’s authors in modern history began by self-publishing her work. Beatrix Potter funded the first runs of both Peter Rabbit and The Tailor of Gloucester. The two stories are popular even to this day.
There’s a good chance you’ll underestimate how much time your activities will take and overlook additional tasks. Be organized and document your time, so that at the end of the day you’ll know exactly what you got accomplished and how long it took. If you find that the goals you set yourself are too aggressive, be flexible and adjust them to be more practical. For more tips, see these small business time management tips to increase productivity.
If you’re particularly adept at a subject and you find teaching to be a rewarding experience, a home tutoring business is a great way to supplement your income without taking up too much time. Tutors often charge between $30 and $40 an hour and with 3 students a day for 5 days a week, you can supplement your gross income in the amount of $450-$600.
This list offers some great ideas and inspiration for folks looking to increase their income. There’s really no reason that anyone with some ambition, a good work ethic, and “people skills” can’t earn some extra money (or a full-time income) pursuing some of these self-employment ideas. I’ve done a little research, myself, to compile a list of small business ideas, and stumbled upon a few possibilities which you didn’t cover: