The opportunity to cash in on this adventure is still valid but only if you play smart. Buying and selling domain names is a great side business idea for entrepreneurs with strong research skills. Understanding the audience you want to sell to and being able to recognise valuable domain names are the key drivers behind the success of this business and the knowledge comes only with careful research and testing. Check out Sedo, one of the most popular domain marketplaces, to get a better insight into pricing and trends.
That's why I'm a huge advocate of always starting a side business while working full-time, so that you can test your way into your new product or service, get feedback, validate the business idea, and start generating income before you quit your job. If you can master the art of scaling a side business idea while keeping your day job, you'll have no trouble succeeding once you're fully self-employed.
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.
From personal experience as a freelance content marketer, I can vouch for the profitability in this industry. I grew my side hustle into a $160,000/yr business before quitting my day job to pursue this business idea full-time; all you need is the right skills and experience to back it up. With startups, established brands, and even notable influencers needing to build credibility and grow their brands, professionals who can serve up compelling content enjoy a huge demand for their services. And, since brands will always need high quality content to bring in new customers, your skills will always remain an asset to invest in—especially since the nature of creating a content marketing strategy is an ever-evolving one. Start by tapping into your existing network with this business idea and begin tracking down local small business owners who could benefit from your marketing tactics, do a bang up job, ask for referrals and grow from there to the point where you're doing blogger outreach and spreading out to a wider market.
Using your skills for profit is a common trend with all of the best side business ideas. If you're an expert at something, there's likely an audience of people online who would be willing to pay to become an expert in your field—just like you. If you want to take your skills and turn them into an online course that teaches others how to get the same results you've achieved in your life, career, or business, start with How to Create an Awesome Online Course on Udemy, where instructor Miguel Hernandez covers how he makes over $90,000/yr teaching online. You'll learn from more than 8 hours of video instruction.
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.
Outsourcing lead generation is becoming the new norm. Good sales people are hard to find and many businesses try to avoid the risks of employing someone full-time before they have a robust lead generation strategy in place. If you’re well versed in all things sales, then it’s time to seize the day. Lead generation encompasses a vast array of tactics, including content marketing, email marketing, cold calling, SEO, website optimization, webinars, and so on. Pick one or two techniques that you can really nail, set up your website, and get to work generating leads for your own little business.
Having an adequate amount of cash flow in a business can make the difference between success and failure. That’s why it’s important to have serious cash reserves when you launch full-time. But many people don’t have the months of operating expenses needed to do this. So they start small with a side business and use profits to beef up cash reserves for a future full-scale launch.
Everyone (even kids and retirees) need to have some level of technical know-how to stay competitive and appreciate the marvels of the digital age. Just observe how learning sites like Codecademy, Treehouse, and Udacity continue to grow and you’ll understand the urgency of getting computer training for our generation (thus making it a great business idea to train others if you already have the skills). If you’re a techie, you can cash in on this need by offering lessons and tutorials within your neighborhood or across cyberspace through portals like YouTube or Udemy as a side business idea. You can even set up your own tutorial site with an interface for online payments.
Your customers will need a reason to buy your tea, and not your competition’s. You will need an inviting storefront to catch their eye and make them stop and check out what you have to offer. Selz can help you create a unique store design that will stand out from the crowd. Consider offering packages of similar teas, or seasonal options- i.e. the best teas for a cold winter.
43 Translating If you are fluent in a second language, translation services are in demand as UK companies look overseas for new sales. But be warned: it's a serious business and you'll need professional qualifications from an accredited body (such as the Institute of Translation and Interpreting or the Chartered Institute of Linguists) and professional indemnity insurance before setting up.
In the strictest situation, you may have signed a non-compete agreement that forbids you from opening a side business that would compete with your employer. Understand that "competition" can be construed fairly broadly by your employer, and may include businesses you think bear no direct relation to your job or your employer's business. This could turn into a legal issue.
This business is good for people who are both creative and practical. There are an infinite amount of design options for phone cases, but some will be more popular (and profitable) than others. A good business owner can both narrow down the choices, and predict trends to gain a market edge. Owners will also need some customer service and advertising experience as well.
48 Wedding/social photographer You'll need a website or blog to showcase your work, but if you're confident that your photography is good enough, there's no reason why you can't do wedding/function work professionally. Do your homework though – you'll need to take charge of arranging people into groups and know all the classic poses expected of the occasion.
Believe it or not, this freelance bike messenger makes more money than some people glued to their office desks. You won't rake in a whopping $50,000 as this guy does by just doing this in your free time as a side business idea only, but you’ll surely get a piece of the action. Even Uber is trying out a blueprint for a delivery service, and companies like WunWun and Amazon are stepping up their efforts to expand same-day delivery, increasing the demand for more to jump in on this business idea. If you have a decent bicycle, those pair of pedals might just earn you a healthy side hustle income.
Anyone can sell goods on Amazon, provided you have products to sell (or buy low, then resell). If you’re the type to hit all the local garage sales each weekend, there’s all sorts of valuable things that can be resold online as a side business idea. If you want to step your Amazon selling game up, check out this detailed guide to Amazon and eBay retail arbitrage on Entrepreneur featuring an interview with Julie Becker and several drop-shippers who've grown this home based business idea from side business idea into a lucrative money-maker.
Having a YouTube business is a great way to make some extra money without having to dedicate too much time. There’s a number of celebrities who owe their fame to YouTube and an even larger number of people who have made money with less recognition. A large number of subscribers and interesting content can help you monetize your content. This business only really requires as much time as it takes you to create and upload your videos.
Successful ghostwriters must like to work in the background and have no interest in gaining popularity through writing. They need to be adaptable and flexible, both in their writing style and their work schedule. At the same time, ghostwriters require the self-discipline to remain on task and see a project through by delivering exactly what they promise.
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers (including yours truly) are creating profitable content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, business, personal finance and more. And we're growing our blogs into six-figure businesses thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams. Your first step with starting a blog is quickly getting the technical side of things handled (my free master course on blogging will show you how), and then both understanding what your audience craves and learning how to attract those readers online.
Owning a home staging business is an ideal full or part-time business for creative people looking for a business they can run from home or a small office. Due to the nature of the industry, owners of a home staging business need to have a flexible schedule. Late nights and working during the weekends is typical. Some of the work may involve moving heavy furniture and other physical activities.
You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost, will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.
Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing.com. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.
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.
A sports photography business owner should find excitement in watching all types of sporting events. An owner should get a thrill from capturing awesome action shots that freeze important moments in sporting history. If you share these passions and would like to share your excitement with all those who see your photos, then starting a sports photography business is perfect for you.
This is where you decide on your target audience. Do you want to come up with plans for people who are concerned about their cholesterol; people who follow a certain type of diet (vegan, etc.), or do you want to go in the direction of weight loss? Eventually you can cover a range, but when you are first building your business you want to focus on one particular niche. Once this is established you can build your business to include other niches as well.
Don’t freak out about not being able to code just yet – you can build and sell websites on Flippa without any coding experience. Flippa is a marketplace for buying and selling web businesses, apps and domain names. It’s a godsend for savvy entrepreneurs that are always brimming with ideas for new hustles. In essence, this is how it works: you brainstorm a startup idea, secure a catchy domain name, use a WordPress theme to build it out and make it look appealing, and then sell it in an auction on Flippa. Alec Larson has been doing this for some time, and claims to be making $1,000 to $1,500 on Flippa every month. There’s no clever secret behind this – you come up with compelling ideas, flesh them out and sell them to eager entrepreneurs. The essential upfront investment is minimal: starting a website will cost you $2.45 a month, including a free domain name registration, plus your time and effort to put the pieces together. Certainly worth a try.
Suzanne lives in Texas and has been a full-time freelance writer for 20 years. She’s written for numerous business and financial publications, both online and in traditional print media. She also owns her own small business and has a passion to help others achieve their dreams of financial independence. Her goal is to eventually work from a remote island that is equipped with Wi-Fi.
I mean come on, who wouldn't be interested in this side business idea? Getting paid to take care of a cute pup sounds like a dream. The prevalence of unattended pets is another side effect of busy life, creating job business ideas and opportunities for people with time, patience, and affection to spare. Just check out DogVacay and Rover to see what I mean. Would the payout be worth it if you try? One person in New York earns $3,300 a month just pet-sitting for busy animal lovers as his side business idea.
Even if you have an income stream that makes up to 90% of the money. When working for yourself, you'll need something different for that other 10%. This not only provides an outlet for creativity but diversifies your income in the event something happens with that primary revenue source. Again, this may not work for everyone but for ME and MY EXPERIENCE, being able to branch out into other ways of making money besides freelance writing made my time as a solopreneur a lot more bearable.
17 Flower arranging Imagine doing what you love and getting paid for it, which is what this idea brings to mind. "The nature of the product means you're likely to cater to a local audience, so why not impress with a business card and delivery car adorned with flower power," suggests Jones of enterprisenation.com. "It'll turn heads and attract new business as you turn corners."
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… ?
Fifty-one percent of millennials have at least occasional side hustles that they rely on for a cash stream outside their primary source of income, finds Bankrate. The personal finance site surveyed a little over 1,000 people across various age groups and income brackets and found that roughly 37 percent of Americans overall engage in a regular side hustle, including 28 percent who perform their side hustle at least once a month, if not more often.
Thank you so much for this list. I have been deliberating on starting a consulting/coaching business for so long now (2 years). I am not working at the moment as I took a career break after my MBA to start a family and now look after my child. Consulting for SME’s has always been my passion, it was actually my MBA long term goal but since I am yet to attain my short term goal (getting a job and more experience) I am hesitant to start my coaching business. My fear of not starting has been around how a new employer will perceive me when I am ready to go back to work. Are there people who openly run a side hustle and their employers know? I am in the UK and currently starting to look for a job but it is taking longer than expected, I also would like to know how this applies in the USA as I will be moving over in two years. Can you advice, anyone with experience in both markets please advice.
If you know a thing or two about paid internet marketing and are comfortable with Google, a great way to make some extra income as a side business idea is to sign a freelance contract to manage a company’s Google Ad Campaigns, and gradually start bringing on more clients as your consulting business grows. Just be sure to brush up on all the right business slang and industry jargon that's pervasive in the online marketing world before you launch unprepared into this side business idea.
Like drinking beer? Why not try making it yourself as your side business idea? With enough patience and skill you might end up brewing something that others are willing to pay to drink. Pick up an easy-to-use starter kit from Mr. Beer online, invest the time it'll take to perfect your craft, make a unique brew and start shopping it around to friends & family to see what they think of this side business idea.
It’s funny how much baking can relate to making money. Start bringing in some side income by kneading flour, mastering the oven, and appeasing everyone’s sweet tooth. While some experts have already turned baking into their sole “bread and butter,” you need not leave your day job to pursue this business idea just yet. Depending on your experience, you can start by doing something simple on the side like perfecting Grandma’s nostalgic cookies before heading on to offer exquisite artisanal fare.
Firewood!!! I live in a semi-rural area about 1/2 hour North of Newcastle, Australia (houses on normal blocks, 1/2 acres blocks, “lifestyle” type blocks). A few people here will deliver a trailer load of cut up firewood for various amounts of money locally and into the more residential areas in the city. If you have the room to store firewood to season and a log splitter, its a good side income (for winter). I also know a lady who was struggling to find work after moving here. She started doing before and after school care and earns more doing that, than she did working full time in an office previously.