This business is great to run as a side business due to the lack of additional preparation needed and the great flexibility is holds. If you already speak a foreign language fluently and have a good, encouraging personality, you already possess the tools needed to find success in this type of business. In addition, you can run this business out of your own home or even a public space, as long as you have permission, and you can offer lessons at times that are best available to you. This means that regardless of your other obligations, you can make a foreign language instruction business work for you.
Yes, spending time on YouTube can be a legitimate business idea if you take it seriously. If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year, so there's clear potential to take this from side business idea to eventual millionaire with the right combination of content, audience, skills, relationships and timing. If you’re considering starting a YouTube channel it’s important use best practices when making videos. Read the YouTube playbook for tips which will result in faster growth of your channel. Additionally think about investing in a quality camera and microphone since the production quality of videos can often affect your viewership.
But that was 2007, and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here. The BLS reports that freelancers and self-employed individuals may comprise 20% of the workforce by 2020.
Top side hustles have one big thing in common: there’s a high demand for it. A virtual assistant is an assistant who works in a remote location. They can help with tasks such as administration, social media, bookkeeping and more. There’s been a growing demand for virtual assistants from business owners who need help on various projects. As a virtual assistant you can specialize in countless areas. In the past, I’ve hired virtual assistants for social media and customer service. And there are countless other businesses around the world who rely on virtual assistants to grow and maintain their brands.
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.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
AirBnB offers a great resource for people that are willing to rent out a spare room or even their entire home. If you're in a bind for some fast cash, AirBnB offers you an avenue for creating an income. You'll get paid 24 hours after a guest checks in, which is to avoid any problems or potential scams that might arrive. Some people earn their primary income just by renting out rooms or homes on AirBnB.
Although it is called Fiverr, you will only be netting just under $4 after Fiverr takes the first 20% and Paypal takes a few more pennies. However, there are many things you may be able to do quickly for $4. A quick design, a quick voice over if you have that deep sexy voice, or creating a quick intro video for a company in a matter of minutes for you techy type may get you some quick and painless cash. Also, if you sell enough, keep a good rating, and Fiverr likes you, there are levels you can advance inside Fiverr for higher cash payouts and more gig offers.
Don’t leave the house without your camera? People love the style and feel of your images? It’s time to put a price tag on this hobby! One of the easiest ways to earn passive income online is to start selling your photos on sites like Shutterstock and iStock Photo. With visual content on the rise, the demand for unique photography is growing rapidly, so don’t miss out on this side business idea. If you own more gear than just a professional camera, you could also consider hunting for headshot or wedding photography gigs. If you start out by offering your services for free to your friends, you’ll be able to test your abilities, build a portfolio and get some free word-of-mouth advertising in no time.