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.
Great post, MM! Incredibly inspiring, I really only grasped the side hustle concept since starting my blog about 6 months ago, after reading sites like yours. Already, apart from my blog, I’ve put my personal recording studio into use and started a music production side hustle, and a friend and I have launched a boutique logo design start up, called BroGoLogo, as an quality alternative to commodity products/services that you mention in this post.
Good side hustles, like freelance writing, allow you to make money by trading your time. Since you’re trading time for money, you’re capped at how much you can make. Still, if you’re looking to hit, say an extra $1000 a month, freelance writing is a side hustle that can allow you to predict how much you can make. You can have a contract set up with a client or two that’ll allow you to know exactly how much money you’ll be able to make. The secret to succeeding as a freelancer writer is to charge based on the value you’ll bring. Most freelance writers undercharge which results in fast burnout with little pay off.
Do you search the Internet? Want to get paid for it? Swagbucks is a site that rewards you for doing various online tasks like taking surveys, watching videos, and using their search engine. When using their search engine, you get reward points after several searches, usually in the amount of 10-15 points. You can start cashing out rewards at the 500 points mark.
The good news about starting a side hustle online is there’s no age cut off, no employment reference check, no having to get dressed for a job interview, no having to ask for a raise, no having to work around people, no having to get dressed for work, and you can take as many breaks as you desire all while still getting paid. Only thing is, you have to put away your own money for retirement (if you do decide to later on), pay your own healthcare, and money for additional costs.
Web designers are incredibly valuable for technology companies—which is why becoming a freelance web designer is a top side business idea today. Web design is all about mastering the art of creating a beautiful, value-driven experience for the people using a website or app. There are always new websites popping up in need of professional web design, and foundational books like HTML & CSS: Design and Build Websites by acclaimed web designer Jon Duckett and Don't Make Me Think by user experience legend Steve Krug will get you started down the right path to quickly determining whether or not becoming a web designer is a viable side business idea for you.
When you’re operating a business part-time, realize it probably won’t grow as fast as a full-time business would. Many side business owners get discouraged because it takes so long for their businesses to grow. Generally, a business’ growth is directly proportional to the amount of time put into it. So when you can only put in a few hours a day plus weekends, it will take longer to get up to speed.
Time to get scrappy! Start building it all out yourself with Wordpress or any other free software out there until you can get going and hire/partner with someone. Then you’ll not only have something to SHOW these guys, but it’ll also show *them* that you’re doing what it takes to make this vision of yours a reality and that you’re super passionate about it. Everyone has a million ideas out there and it would be awesome to have partners right fromt he start who believe in it and willing to jump in to build it for free/peanuts, but sadly it doesn’t usually work out that way. Gotta just get out there and start DOING IT and hack it together as you go… If it’s a good idea (and you’re truly passionate about it), you’ll find a way to make it work :)
When your readers click on a link, they will be directed to the company’s site, and you will earn a commission either from the traffic you direct, or from a purchase they make on the site. Besides links, you can also put visual ads for the company in the sidebar of your page. Your job is just to continue producing original, relevant content, and you will be able to gradually establish a profitable side business.
Once your following becomes large enough you can begin implementing any of the other strategies in this article. You can drop in links to affiliate products, you can market a course, a podcast or even sell a product. The poster child for this model right now is The Hustle – a newsletter geared towards millennials that focuses on the tech space. Sam Parr, its founder, was able to drive 100,000 subscriptions in 5 months and leveraged that audience to create HustleCon, a startup conference for non-techies. During his first year of the conference, he sold 400 tickets and made $50,000.
After you have exhausted your skill set, consider what you may have to offer others. Think about what others want to have done in their life that you are willing to do. Consider all the things people pay for professionally, but would love to save money by paying you a bit less. These 5 examples are awesome in that they come from someone thinking outside the box.
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.
This business is good for photographers, as they will already know a lot about improving an image via specific editing. It can also be good for those with extensive skills in editing software such as Photoshop. Finally, it's good for those who use social media extensively, as such a person will be able to offer creative editing services to help customers build their online brand through unique visuals.
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?
Blogging is often the first idea that springs to mind when the conversation turns to online side businesses. And rightly so. Thousands of bloggers around the world are successfully making money off their talent to write, and the best thing about this hustle is that there’s no right way to do it. First, let’s establish the fact that blogging itself is rarely profitable. Bear with me. Blogging is like a train station – the more trains you have running, the better are your chances of turning a profit. Establishing several streams of income is key to turning your blog into a self-sustaining side business. So let’s back up a little.
I’ve had other acquaintances buy the rights to unpopular songs or jingles and collect on royalties, others who buy Youtube channels or Instagram accounts, and still others who buy Amazon businesses. The list of existing assets you can buy are practically endless, and if you have one or two ideas for improving an asset, you could have a winner on your hands.
Free work from home jobs are becoming more and more plentiful now a days. Around 40 million people are working at home in one way or another. Most of the free work at home jobs are based on using a computer. This is a result of the Internet being such an vital part of our lives. You may want to consider starting a home business because it can help you enter in the expanding market of e-commerce. Free Work At Home Jobs continued...
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.
It’s always great to get new sheets, blankets, pillow cases, and comforters, but going to the store and picking through options can be tough, especially for consumers with limited time. This is where your online store can come in, providing customers with quality products and the convenience of purchasing online. This is a win-win situation for the customer, and for you.
Wedding photographers command premium rates. After all, you are capturing one of a couple's most important life moments, making it a very lucrative side business idea. Many professional wedding photographers charge between $2,500 - $10,000 (or more) to shoot a wedding, so it's realistic that this side business idea could quickly blossom into becoming a full-time endeavor with the right happy clientele base that's willing to refer you to their friends and family. Check out the Complete Wedding Photography Experience over on CreativeLive to get up to speed on everything you need to launch a successful wedding photography business.
Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour company is arguably the best business idea that will give you both of those perks. Take a unique spin on your local tour business like Erik from Vantigo. He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he's running a multiple van tour company on the back of what originally began as a crazy side business idea.
This is where you decide on your target audience. Do you want to come up with plans for people who are concerned about their cholesterol; people who follow a certain type of diet (vegan, etc.), or do you want to go in the direction of weight loss? Eventually you can cover a range, but when you are first building your business you want to focus on one particular niche. Once this is established you can build your business to include other niches as well.
An Airbnb is a great way to add some extra income, especially if you have unused rooms or lots of space in your house. You will have guests staying in your home, so you should be comfortable talking and interacting with guests. Some homeowners, who travel often, will also rent out their homes when they are out of town. This allows them to receive income and have someone watching their home when they’re not around.
Investing in domains is one of the easiest side hustles. There is no other place where you can get a 1,000%+ return on your money in a pretty short amount of time (less than 90 days in some cases). I buy and sell them at $400+ profit regularly and have been doing so for over 10 years. Domains are the real estate of the internet and they are only getting more and more valuable. I have seen the average price for a mid-tier domain jump from $400 to $3,3000 in the past 3 years alone.
The type of business that requires active owner participation at all hours of the day may not be the best if you’re working a full-time job. For example, if you open a service business and customers want to see you during daytime hours, you’ll be limited to only your lunch break. In addition, it’s typically a bad idea to take phone calls during your full-time job or communicate via email. The best type of side business is one where you can dictate your own hours. After all, you don’t want your side business to endanger your full-time job or vice versa.
Starting a website can be a great way to build some side income in a fairly passive manner. Start a blog if you have interesting, unique, and informative stuff to tell your readers. You can then make money on advertising or having people pay for educational products or tools you produce. Or create a website that brings together buyers and sellers of a niche product from which you can charge a subscription or transaction fee. The key is to think outside the box and come up with an idea that can provide a unique solution for people. And even if you want to produce a website that is similar to ones already out there, do it bigger and better and find a way to differentiate yourself!
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Freelance Writing Tip: The best freelance writing opportunities are on ProBlogger. It’s the platform I used to find freelance work here at Oberlo. I also landed a few other top clients from the side job website. On average, the best paying freelance jobs are on there. However, if you’re just starting out, you might want to focus on building your portfolio and skillset on Fiverr, Craigslist or Upwork first as it’s easier to land your first few clients on those websites.
#24 – Magoosh – If you are good at GMAT, GRE, TOEFL, SAT, and ACT, and tests, Magoosh is looking to hire online test prep experts to help students prepare for these papers. As a requirement, you must be an experienced BA or BS holder with high scores in GRE, SAT, GMAT. The standard pay for weekdays is $20 an hour and shoots up to $25 an hour over the weekends.
I am very skeptical of most MLMs (#55) but I really like the model of Melaleuca. This is an MLM that does not require any purchasing of items to sell upfront like most MLMs. Money is earned by enrolling others in their online shopping club and receiving a monthly commission on their purchases. Plus there are plenty of monetary and product incentives for enroller and customer. The products are great, ‘green’, non toxic items that replace what you are already buying at stores (cleaners, bath and body, vitamins, shampoo, weight loss, etc.). Check it out for yourself and as your side hustle business!