It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that'll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you'll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, according to CNBC.
50 Writing letters to magazines You can make between £10-£200 for a good letter or photograph to a weekly magazine such as Take a Break or Pick Me Up, suggests Birtles. "If you have a really juicy story you can make even more, and you don't even have to write it, she says. Women's magazines particularly are usually desperate for items for their letters' pages, and even quite tame stuff often gets in.
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.
Make sure your intended market is broad enough to sustain the business. Many new business owners mistakenly offer a product or service that only a select few want, without specifically targeting that market. Especially with a side business, it helps to have a broad audience. But even if your market is niche, make sure it’s large enough to sustain your business. Remember, your marketing efforts may be limited and you’ll need to reach more people with less effort.
We all wear clothes (at least some of the time). Which, of course, makes the business idea of cleaning soiled laundry an obvious hit. In fact, the self-service laundromat industry in the US is worth more than $3 billion, with many related businesses such as a mobile app laundry service, a real rolling mobile laundry service, and home laundry pickup & delivery services springing up each year. Here’s one way you can cash in on the trend as a side business idea.
You can buy your stock from a wholesaler and list them on your online Selz store for customers to purchase. You will need to describe the features of each product in detail, and, since headphones are something of a fashion statement, include photos. Because this product is in high demand, with the right prices and marketing, it should sell fairly easily.
Painting house numbers on the curb – sales pitch is that it’s a safety benefit (fire, ambulance can find you faster), a convenience (particularly reflective numbers that help at night), even a legal requirement (in some towns). Capitalization super low. Add to your number-stencil inventory ones for locally popular sports teams, offering colors that declare team loyalty. Branch into mailboxes, mailbox posts, on-house numbers. If someone has missing or illegible numbers chances are it has been an irritant but not a priority – easier to sell something that scratches an itch. Outright artistic renditions or legible!-but-fancy fonts more practical on mailboxes. Fairly affordable capitalization to branch into outright replacement mailboxes, posts. Great earning opportunity for youngsters right in their own neighborhood.
If you plan on launching an eCommerce startup, eBay is also a great way to test the waters with your business idea. Before launching his vintage T-shirt business Defunkd, James Applegath sold his vintage tees on eBay, as a way to determine if there was a market for the business. “EBay and other marketplace platforms are an excellent way to test how your business will perform prior to launching a startup,” he says, and adds that the funds you generate through this avenue will also help you in starting your business.
Another option for earning a side income is to deliver for PostMates. Similar to working for Uber and Lyft, you can work whenever you want. While the pay might not be enormous, you do have the ability to earn tips. If you're in a highly-trafficked area such as Los Angeles or New York City, this is a great way to earn some cash and you don't even need a car.
Domain trading has been around for decades, and while the best ones have long been sold off (Insure.com went for $16 million in 2009), there’s plenty of others you can get your hands on for relatively cheap. Earlier this year, I registered thelaunchformula.com for $11.95 because it was a catchy title for an upcoming course I’m filming. Since then, I’ve already received two offers to purchase it for just under $1,000.
My husband and I tutored as side hustles while we were dating and still in college. We both used to help kids with math on the weekends and evenings. Sometimes, we’d get paid as much as $40 per hour especially if we traveled to another town to help kids. This was a nice amount of income for college students, and it allowed us money to go on dates and even save up for a few trips. If you like teaching and helping others, this is a great, low-cost business to start.
Similarly, if you have a particular financial goal in mind, working a side hustle can help you get there more quickly. Imagine you're aiming to buy a home and need $20,000 for a down payment. If your current salary and expenses only allow for $300 a month in savings, and you manage to earn another $300 a month from a side hustle, you'll reach your goal in half the time.
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off (Insure.com went for $16 Million in 2009) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side business idea. But beware: some experts doubt the long-term viability of this business idea, so you shouldn’t quit your day job just to put all your effort into this one without some successes already in the bag. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names. Imagine owning desirable domain names for the next decade's most innovative companies.
Almost a quarter of working Americans spend some time working from home. But according to the American Time Use Survey, working from home is a perk mostly reserved for the college-educated. In 2017, just 12 percent of workers with a high school degree did some work from home, while 46 percent of those with an advanced degree occasionally telecommuted.
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.
Anyone who has been able to achieve their own goals and would like to help others may be well-qualified to be a life coach; however, there are courses available to teach coaches the most effective strategies to use with clients. Coaches typically have strong interpersonal skills, as the success of a life coaching business depends entirely upon the business owner’s ability to connect with and assist other people.
If you don’t want to offer a full line of meals, why not focus on one thing? For instance, there are plenty of shops on Etsy that sell homemade gourmet cookies (e.g. Earl Gray Sandwich cookies, Cupcakes in a Jar, or gourmet caramels). I’ve been thinking about selling homemade gourmet jam (i.e. home canning recipes) during the summer months. I’ve read of other people who have started a gourmet cocktail catering business, where they come to parties and make gourmet cocktails. Fun!
So, you have a great idea for a new business? The thing is, getting started isn’t as straightforward as some people make it sound. What if you need a little help getting it off the ground? In addition to creating a solid business plan, marketing your business, and a host of other details you’ll be considering, a lot of your time will probably be spent thinking about how to fund your new venture.
Starting a podcast and building authority within your specific niche is an exciting way to grow a personal audience of listeners who regularly engage with your content. Since Apple's podcast store has a built-in audience and ranking system, you may be able to launch your podcast with a high volume of listeners. If that's the case, you'll rise to the top of the rankings and gain a huge amount of exposure.
We all know you can buy and sell stuff on Craigslist, but have you ever thought about offering a service you can provide. If providing a service isn’t your thing, you can scan Craigslist for great deals and then later resell items for a profit. This takes persistence and patience, but I have a friend who went from a $4k truck to a $24k in truck in 18 months by flipping cars from Craigslist.
Work at home transferring data from one source to another. Most of these companies do not require past experience, although with few exceptions the pay may not be enough to consider it a stable income. Before you begin applying to any of the companies below (many of which sadly are almost never hiring), you might want to read the post I wrote about data entry jobs from home. It explains what your expectations should be prior to pursuing a career in this industry.
As an online marketer and a software engineer, I am obsessed with sales funnels. However, many people struggle with creating the proper funnel that converts. It takes a high degree of technical and marketing knowledge. However, ClickFunnels, a SaaS business with over 40,000 customers, which was started by Russell Brunson, takes all the guesswork out of that. Build a sales funnel and automate your selling with a platform like this.
Unfortunately, while there is still a ton of WordPress website projects – it’s now more of a commodity service. The best WordPress developers now on UpWork are based in India or the UK. WordPress development becoming a commodity is fine if you want to build a $500 website for your friend’s local business, but it’s a lot tougher to scale. I no longer work on WordPress projects unless I am helping a friend for free, because I don’t enjoy building sites as much as I like doing SEO consulting.
It's a frightening statistic that nearly half of U.S. adults don't have the cash on hand to pay for a $400 emergency. That's what the Federal Reserve Board discovered when it surveyed a wide range of working Americans. Furthermore, according to a Pew study, more than 50% of households say they don't have enough savings on hand to cover a full month of expenses. And that's just playing with fire.
Think about websites like Udemy, which gives teachers a platform to teach online courses. A business like this allows people to share their expertise with students while making a living—all without the need for a physical location, or even a set schedule. Or maybe you prefer to approach things a little more creatively. If you’re crafty, you might consider a custom phone case business, which helps you lets customers add personal flair to their phones.
If you’re not familiar, podcasts are essentially self-published talk shows. The audiences tend to be extremely engaged and it’s one of the best outlets for networking that I’ve ever seen. The engagement also makes it one of the best marketing channels out there right now. Many podcasters are reaping the benefits, with some like John Lee Dumas bringing in $2,000,000+.
My events are seasonal (May-December here in Massachusetts) and some vendor fees need to be paid months ahead of time to secure a space in a well attended show. This is a great opportunity for peer to peer lending! My best fairs cost between $125 to $250 to get in, but I can make $1200 or more at those shows. My 2 sisters invest in my biz early in the year so I can pay those vendor fees during my slow season (Jan-May) when I don’t have much income from my biz. I pay 10% interest on their investment, which is usually about $1500, and pay them back by the end of December. 10% is much more than they would get leaving that money in their bank account. If I had the funding, I would go to farmers markets and fairs and talk to the crafters/vendors about my peer to peer lending services because most of the vendors I know struggle with paying those fees which are due during their slow season.