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.
If you're operating your business as a sole proprietorship in the United States, you don't technically need an EIN for the business – you can file taxes for your business along with your personal taxes. However, you may want one if you want to open a bank account for your business, or if you don't want your Social Security number to appear on business documents.
The remote workforce is increasing, and if it’s something you’re interested in, you have more than enough options for whatever suits you and your career path. These are just the top-paying remote jobs — Check out job search sites to find the remote job that works for you. After all, who wouldn’t want to be more productive and cost effective, less stressed, and more engaged overall? The average American will spend one-third of their lives at work. It’s time to make your job work for you!
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.
If you’re one of those people who can’t help but flip through bridal magazines and think about various wedding arrangements in your daydreams, wedding planning might be the perfect thing for you. A great way to get started is to develop a website or blog on the topic, get to know people online, and promote your services at local wedding venues and throughout the community.
Once you have a regular audience (ideally in the thousands), you'll start to develop a lot of value to potential advertisers. Let's say your podcast frequently talks about life as an outdoor photographer. A natural fit would be to reach out to relevant magazines, gear companies, and camera brands to see if they'd be interested in advertising on your podcast of targeted listeners. The more niche your podcast topic, the better for future sponsorship opportunities.
Etiquette training gives lessons to people of all ages on the proper way to conduct oneself in a variety of settings, especially in the professional world. Etiquette can cover how to act in both international and domestic settings, from a formal dinner in Japan to a debutante ball in Georgia. As globalization becomes more common, these types of lessons can be invaluable for many companies and professionals. Etiquette trainers may give online lessons or in-person lessons, depending of their budget and location. The instructions may be anything from cell phone etiquette for teenagers to the best way to send a thank you letter after a job interview.
Your product here is yourself, so prove that you are passionate about what you do, and detail the ways you can help them. Displaying testimonials is a huge selling point for this business. Give potential customers an inside look at one of the programs you offer so they know precisely what they will receive. Clearly state the prices for each service. Make sure to include contact information and encourage any questions they may have.
Develop a travel concierge service to help people when they miss their flights. Become a home, office, or life organizer for busy or disorganized people. Buy and sell used textbooks to university students. Start an online course in some quirky subject you know a lot about. Visit jumble sales and buy items to resell. Start an Airbnb, but for dogs, so their owners can travel and leave the dogs somewhere better than a kennel.
Great post, MM! Incredibly inspiring, I really only grasped the side hustle concept since starting my blog about 6 months ago, after reading sites like yours. Already, apart from my blog, I’ve put my personal recording studio into use and started a music production side hustle, and a friend and I have launched a boutique logo design start up, called BroGoLogo, as an quality alternative to commodity products/services that you mention in this post.
this is weird…but try day care centers. They are always looking for something to keep the older kids (who are only there after school…but ALLLLL summer) busy and interested. group classes could be great in the summer setting…a taste to let the kids (and parents) know if they want to pursue it. Also check out churches…they are always looking for wholesome activities for the youth too. You might even sign up a few adults along the way or offer a night time class for adults….especially one for women only. Good luck.