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Next, let’s tackle one of the most popular online business ideas – affiliate marketing. So what is it, exactly? In a nutshell, you recommend products or services offered by a chosen company to your readers, followers or people you know. If they buy something as a result of your recommendation, you get a commission (either a percentage or a flat fee). Easy, right?
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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:
Are you an extrovert that loves meeting new people? Selling insurance products—particularly life insurance—may be a great way to bring in some extra cash and build residual income in your spare time. Selling life insurance on the side could quickly generate a consistent $1,000 - $2,000 per month depending on how much time you invest in this side business idea. To get started you’ll likely want to take an online course to brush up on the subject matter, and then pass a state licensing exam. The biggest challenge you'll face as a new agent is generating sales beyond just helping out friends and family. From there, it’s all about networking and lead generation to grow this one. Learn more about this side business idea with this getting started in life insurance guide from the team over at NoExam.
Health insurance for the self-employed is not cheap. This is especially true for the would-be entrepreneur who has a family to consider. Many people who can’t afford the high cost of insuring themselves keep their day job solely for this purpose. Then, once their business becomes profitable enough to afford insurance, they leave their job and become a full-time business owner.
Whoa! This list is massive. There are so many awesome side hustle ideas out there. Thank you, Nick, for bringing so many to light! You have done a lot of research here and it shows! This is a topic I love to talk about myself. I even have a list of side hustles for millennials to start this weekend here: https://missmillmag.com/career-alternatives/7-easy-side-hustles-weekend/ I would love for you to check it out.
16 Be a doula Jasmine Birtles, the founder of website moneymagpie.com, says you can make between £12 and £15 an hour or £250-£500 for a birth by being a doula – a birth partner and post-birth partner. "If you've had a baby and you want to help new mothers, do a short course with Britishdoulas.co.uk and work locally," she says. "You do what a grandmother or sister might do for a new mum, such as giving moral support, helping around the house, caring for the baby and supporting the whole family."
It’s one thing to make a few extra bucks on the side so you can go out to a nice dinner or buy a nice pair of shoes, but if you want to walk away as quickly as possible you’re going to need to up your side hustle game. You need to move beyond simply trading your hours for a limited amount of money, and transition to thinking about side hustling as a way to become your own boss and create financial freedom.
I recently met a woman who earned quite a bit of money as a very part-time chef. Once a week, she would go to someone’s house and prepare a homemade meal for their family, then do all the dishes and cleanup work. This gives the family plenty of together time, while putting some cash in the woman’s pocket. If you love to cook, this can be a great opportunity, but you may have to put a lot of effort into searching for clients.
Regardless of your status, you can become a virtual yoga coach. Consider offering private lessons online via Google Hangouts or Skype; or even making and selling pre-recorded videos that your clients can follow at their own convenience. With so many people traveling for business or pleasure these days, this is a great way for them to stay connected with their practice, regardless of their physical location.
Imagine this scenario: You’re at work and a customer from your side business calls your personal cell phone. He has a problem with a product you delivered the night before and needs you to fix it immediately. If you don’t, he’ll refuse to pay for it and you’ll have to eat the expense. But you also have a project that’s due in a few hours at work that can’t be late. What do you do?
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.
I also found especially helpful the section on earning "money with ads and affiliates online," and how to run a home business online. Once you have chosen your way to go, the book tells you how to get there with chapters such as "Managing your Money", "Protecting Personl Assets" and even "Working from Home." Especially important also would be the chapter on "Taxes and Deductions."
Every website owner (including myself) hires copywriters to write content for things like about pages, FAQ's, or blog posts. Hourly wages for novice copywriters are not very high, but with some experience and a growing portfolio, you can become a freelance writer today and soon be charging more than you make at your full-time job if you find the right clients and brand yourself as an expert with this side business idea. Check out one of my most talented friends, Jory Mackay, for an example of someone who's doing a great job of positioning himself as a premium service-provider with his freelance writing side business idea. Then when you're ready to start cold emailing potential clients, pick up my free downloadable freelance proposal template and get started today.
In the book, Chris draws upon his deep well of experience starting different side hustles, then blends that knowledge with the experiences and case-studies of people from many walks of life to distill a step-by-step methodology based on what actually works in the real world. He offers a roadmap that takes you from idea to tested and implemented side hustle in a remarkably short period of time.
Do you have good writing skills and the ability to build a reputation for yourself within a specific industry? Then launching a blog could be an ideal side business for you. Once you have a regular audience of readers, you'll have countless options about how to monetize your site with ad support, your own e-books, online courses, sponsored content, and personalized consulting services.
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.
Actually I brought my Son N Law with me to work the Men’s Restroom AND HE Always made more money than me! That’s because Men always have their wallets on them and sometimes Ladies are “on a Date”..Ladies Night and get drinks free and didn’t bring cash..etc..Men need breath mints combs nice smelling colognes..Offer a hand towel and Smile and give personal service. Know the regulars by name! Bigger Tips!