Create a formal business structure. Even if you're just starting a side business that you don't think will ever grow large enough for you to quit your main job, you still need to treat it as a serious business and follow the necessary formalities to keep it separate from your personal income and assets. In the United States and many other countries, you have the option of organizing your side business as a corporation, a limited liability company (LLC), or a sole proprietorship.
Thanks Steven. I’m all about fresh air! I run all of my side hustles through an LLC, so I can also take some deductions come tax time. It’s a win-win. I also do my best to pay quarterly taxes on the income, but sometimes really misjudge based on cash flow. I’ve gotten stuck with a few pretty big tax bills, but now I’ve gotten a better handle on it. LLCs are pretty amazing.
Affiliate Marketing Tip: Ask the affiliate program or content creator for assets you can use to help you market their product. For example, there may be a lead magnet or free tool you can use to incentivize people to purchase the product. Often times, a piece of content can help ease a potential customer from a cold lead into a warm one. Thus, giving you a better chance of succeeding with this side hustle.
Whether in the classroom, at the grocery store, or on a job site, there’s always the potential that someone could need immediate, life saving medical assistance. Many SCA victims require defibrillation within 4 minutes of an attack, yet it takes emergency medical personnel 8-12 minutes to arrive after an emergency call is placed. Your assistance in training individuals and workplace teams will, undoubtedly, save someone’s life.
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.
The best and worst thing about side hustling is you can literally make money doing anything. It’s the best because you can find and make money doing something you love, and it’s the worst, because most people think there are no rules to side hustling, so they end up making some money on the side, but not as much as they could be making and end up wasting time doing it.
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.
People who love social media and marketing will thrive in this business. However, this love must extend beyond just checking Twitter and Facebook every 15 minutes. If you want to start your own social media marketing business, you should know how people interact with different platforms, where your target demographic is most likely to live, and what type of content will spark the most interest. You should also know how (and why) different platforms evolve over time.
Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.
Photography Tip: If you plan on selling your photography on a stock photo site, it’s a numbers game. The more pictures you take and upload, the better chance you are to be found. You’ll need to make sure you use the right tags so that people can easily find your photos. The more pictures you take, the faster you’ll develop your photography skills over time. So it’s an all around win.
Whichever route you choose, you’ll want to make an appealing, professional Selz store. Images and descriptions really need to paint a picture for the customer, as they will not be able to touch the handbag or try it out. Remember to include the measurements in your description so the customer knows exactly what they are receiving and if it works for their specific needs.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that's what I love most.
Business owners’ calendars need to be able to accommodate meetings with clients, but these meetings can be scheduled during business hours, evenings or weekends. Many life coaches have started their businesses by working as a coach part-time during non-business hours while remaining employed part- or full-time, and then transitioned to coaching more as their business grew.
On top of just the skill and experience components to being a successful online coach, this side business idea is all about building a community around the help you're offering and fostering trust with members. Plus, your community members will learn from each other along the way. Creating the space for that community can be as simple as setting up a private Facebook group or choosing a community-building platform like Ning.com that has even more capabilities like using your own custom URL, having internal forums, customized designs, and more.
Pet photography, like many other types of photography, can be done on one’s own schedule. You will have to be flexible in order to work with clients and find times that work for both parties, but you can pretty much set your own availability in a pet photography business. Best of all, there aren’t many ongoing expenses, so you could run a pet photography business from your home without very much upfront investment.
People with disabilities often face many challenges in their regular every day lives. The things we all take for granted the disabled struggle with everyday. One of the biggest obstacles the disabled job seeker faces is locating work from home jobs. Actually it's an obstacle we all have but the disabled are way more disadvantaged in this respect. So are there work at home options available to people with disabilities? We explored this very question and came up with some interesting findings.
As a soapmaker, you'll formulate soaps and perhaps other personal cleansing and beauty products according to your own recipes. You will market your offerings along sales channels that might include ecommerce, farmers markets, arts festivals, wholesale placement in spas and boutiques, and even door-to-door sales. You'll explore a range of options to see where you can find a loyal customer base.
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.
When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests. It starts with learning how to discover your strengths as an entrepreneur, and it's how I make sure I'll be engaged, even when the going gets rough. I learned this the hard way when I decided to start a freelance business a few years ago to offer my freelance content marketing services.
Christy Wright is a Certified Business Coach and Ramsey Personality with a passion for equipping women with the knowledge and steps they need to successfully run and grow a side business. Since joining Ramsey Solutions in 2009, she has spoken to thousands across the country at women’s conferences, national business conferences and Fortune 500 companies. You can follow Christy on Twitter at @ChristyBWright, online at businessboutique.com, or facebook.com/OfficialChristyWright.
Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that'll help you generate profits from your private label side business idea. For an incredible deep dive on how to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
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.