While this suggestion could not be further from the standard small business loan, it cannot be denied that the strategy paid off. The company has now earned around $1.65 million in seed funding from Andreessen Horowitz, CrunchFund, Spark Capital and Chicago Ventures, and has been named one of the Top 5 Silicon Beach Startups to Watch by Entrepreneur.
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.
When you’re on the path of frugality, you’ve basically got two options when it comes to padding your bank account: you can either trim expenses to save more money, or you can try to earn more money. Doing both will, of course, greatly increase the chance you’ll achieve your long-term financial goals, whether that’s to pay back your student loans or save up for your dream vacation.
It's a frightening statistic that nearly half of U.S. adults don't have the cash on hand to pay for a $400 emergency. That's what the Federal Reserve Board discovered when it surveyed a wide range of working Americans. Furthermore, according to a Pew study, more than 50% of households say they don't have enough savings on hand to cover a full month of expenses. And that's just playing with fire.
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.
Remember, side hustling is also about the time/money tradeoff, so it’s up to you to decide how much time you are willing to trade today to make more money to invest in the future. But, just like saving, I viewed the time I was prioritizing for my side hustles, as an opportunity, not a sacrifice. When I was hustling super hard, I did have to turn down offers to hang out with my friends or go to certain events.
A dried flower business will sell dried flowers to hobbyists or craft stores. A flower preservation business will save important flowers, like wedding bouquets, for interested parties. Owners may do one or both of these services, but they are separate. Dried flowers do have a demand amongst a variety of people who use them to finish their craft projects. Flower preservation is perfect for those who want to scrapbook their memories, or fill boxes and chests with important mementos. Demand has increased for dried flowers over the past few years, as more people discover easy and fun DIY challenges.
Obviously, this business is great for those who are already fit and have worked hard to create an exercise and health regimen that works, as they can use their personal experience to help educate others. It's good for someone who is a “people person,” as the entire job revolves around regular interaction with a diverse clientele. It is also good for someone who is a natural leader—just as a good manager or coach helps people to visualize and then actualize success, a good personal trainer helps clients visualize a healthier self and provides a pathway to achieving that goal.
If you’d rather trade time for money you might choose to get a part-time job. Side jobs to make money include: dog walking, babysitter, restaurant server, receptionist, administrative assistant, or barista. You can also find part-time jobs within your industry. Maybe you’re a full-time marketer who takes on a part-time social media gig. The only downside to a part time job is that you need to invest your time for money. And time is your most valuable luxury. Part time jobs don’t scale as well as an online business would. Meaning, your total earnings get capped.
Any good idea will work online for a blog or website topic. And here’s why. As long as you’re creating lots and lots of content, engaging with people meaningfully, bringing people together online, and offering a quality product or service will help your blog or website grow beyond imagination. You just have to stay on track with creating quality content and showing up on social networks. This way, people will feel compelled to share your content on their social profiles which will in turn give you free advertising and increased revenue potential from the energy of others.
Another flexible non-phone option in the educational field is test scoring. There are a few reputable companies that do hire home-based workers to score everything from standardized tests to essays. Before you apply, you should know that ETS and Pearson (listed below) do require that you have certain qualifications and/or past teaching experience before they'll let you become a scorer. WriteScore on the other hand requires just a two-year college degree.
When you’re operating a business part-time, realize it probably won’t grow as fast as a full-time business would. Many side business owners get discouraged because it takes so long for their businesses to grow. Generally, a business’ growth is directly proportional to the amount of time put into it. So when you can only put in a few hours a day plus weekends, it will take longer to get up to speed.
Right now my side hustles are selling on Ebay, a bit on Amazon and Mercari and doing phone work as an independent contractor (customer service). I have a daughter with autism in high school that I have to be available for and I have some illnesses that prevent me from working full time or doing anything physically strenuous. One of my problems is that I have a partially paralyzed vocal fold. I just had a cold and am still trying to get my voice back! So I need another hustle to add to the list for when I cannot work my $10. per hour phone job. Ebay slows down in spring and summer also. I am interested in the Notary service, how do I get started and what is involved? Also, I am interested in Prosper. What else am I missing? I tried blogging but when I’m not well I am not good at putting words together! I wish i knew how to build websites, seems like a good income there.. where can I learn without going back to school? Thanks for this blog.. very helpful and cool!
A great way to increase sales is to host an online spa party. This allows potential customers to join in from the comfort of their own homes with no obligation to buy. During this online party you can set up giveaways and offer free shipping on any purchases made within a specific time frame. This business has the potential to grow rapidly, and also to be a lot of fun!
If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
If you've got the attitude (and look), there should be a product or service out there on the hunt for the right model to promote their brand as a side business idea. You can sign up with a large agency, find a freelance agent, or look for your own modeling gigs as an independent talent. Since modeling is a complex field, get all the advice you need before jumping right in and find a mentor who can guide you through some of the early challenges it'll take to establish your brand. Depending on your preference, you can specialize in a single media format such as video or still images, to build a compelling portfolio and grow this into a business idea that has the potential to scale.
Wow that is really inspirational and a breath of fresh air compaired to the typical drive an uber, di gigs on fiverr advice. This brought some new insight. I’m wondering how you handlle taxation on side husttles. Can you just add that income to your tax declaration in the U.S. or do you need to set up some sort of company to be able to do your invoicing etc… ?
Most companies that hire for search engine evaluation have multiple projects available to work on, so the exact work you do might vary. However, search engine evaluation in the traditional sense involves analyzing queries that regular people like you and me might type into Google or Bing search and then determining the best possible results to match up to that query so that users have the best experience possible using a search engine.
Do you love to write? Are you an expert in a certain field? Is there a topic that you are particularly passionate about? People love the ability to carry knowledge around with them on their phones, tablets, laptops, and Kindles! Making eBooks is an excellent way to get your work out into the world and make a buck on the side. In fact, self-published eBooks account for 22% of all eBooks purchases in the United States (source). In time, writing eBooks could even replace your 9-5, but you’ll need to find a place to market and sell your work where it will get maximum exposure.
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: