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!
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.
If you aren’t familiar with the term, bootstrapping, also known as “self-funding,” refers to the various methods entrepreneurs can use to fund their startups beyond funding sources like small business loans. The phrase, based around the popular idea of individuals “pulling themselves up by their bootstraps,” refers to doing something without outside help—in this instance, funding your business.
Find an audience for your passion or hobby and you’re all set to monetize something you love via a niche website as a side business idea. That of course, is easier said than done, something not intended for the faint of heart. Prepare to invest a lot of your time, but if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it.
If you’re forced to disclose the fact, it might make your employer suspicious of your on-site activities and cause them to watch you more closely. On the other hand, it may make them see you in a new light and open opportunities for you with the company. Either way, you’ll have to carefully consider whether or not your employer has the right to know what you’re doing, and what, if anything, is at risk if you don’t tell.
40 Selling ad space on a personal blog This is not a big money-earner to start with but could be if you work at it, reckons Birtles. "Set up your own blog (do it for free with blogger.com) and fill it with great writing, photos, videos and anything else you're passionate about," she advises. "Get ads automatically through Google Adsense and make a few pence every time someone clicks on an ad."
If you've been searching for work from home more than a minute you know how much crap is out there. You know that everything that glitters isn't gold! You already know that most work at home opportunities want to take your money and not help you make it! We've all been taught to be skeptical of work at home opportunities and to trust the BBB for insight. But have we been lied to? The answer may shock you.
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye's awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
Aside from an attractive glossy cover, and being extremely critical for today's economy, Running a Side Business is excellent tool for anybody yearning for a second income. Again, NOLO series has teamed up with USA Today for another information-filled book for the public. NOLO is a legal companion for more than 35 years, while USA is the nation's largest circulation newspaper.
For many, beekeeping starts as a hobby. It doesn’t take them long, however, to realize what a fascinating and fulfilling career it can be. Beekeeping isn’t just about collecting honey; it’s about getting to know your bees, their behaviors, and their response to the natural environment around them. How rewarding would it be to parlay your passion into a career?
Launching a side business when you already have a full-time job isn’t easy, but the payoff – increased financial security and a deep sense of satisfaction – makes the effort worthwhile. These 10 side business ideas for busy people can be squeezed into weekends, evenings and even lunch breaks, which means they can easily coexist alongside day jobs. (Just make sure you’re not violating any company policies.)
However, it is when I tried to get some hard info out of it that I ran into trouble. For example, the one website that was recommended for doing little IT jobs on the side turned out to be a depressing place where people desperately bid for jobs for extremely little money ("$12 if you configure my email software"). Also, the tax chapter didn't seem to really belong: I had to read it multiple times and still couldn't figure out whether I'd have to pay self- employment tax as a day trader or be subject to schedule C, etc...
Briefly, successful niche websites rely on tapping into underserved topics and niches and using various monetization techniques, such as display advertising, sponsored posts, affiliate marketing, selling digital products or even plugging in eCommerce elements to lay a foundation for a passive income strategy. For some inspiration, read the FoodTruckr story (a website for buying and selling food trucks) and how it found its success online purely by chance.
This is probably the side hustle I have the most fun doing. I have been buying and selling both VW Campers and mopeds since I was in college. While I sell a lot more mopeds that VW campers, but when I find a good camper deal I don’t hesitate. I love VW Westfalia Campers from the 1970’s and 1980’s and have owned 2 over the past 10 years. They have gone up a ton in value over that time, but you can still find deals on them locally.
Tutoring pays quite well, and many clients will refer you to others, especially if their son or daughter shows significant improvement or finishes a class with a good grade. People want to know what they are paying for, so advertise your skills by having previous clients give testimonials and providing information on your own educational background.
Entrepreneurs experienced in the restaurant and bar industry who are looking to venture out on their own are best suited for this business endeavor. Mobile bartenders often work nights and weekends. This offers a more flexible work schedule, allowing you more time to focus on building your business during the week, and also spend time with family and friends.
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.
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: