Something else I recommend is taking the free 7-lesson mini-course on general transcription offered by Janet Shaughnessy of Transcribe Anywhere. This will help you to understand if you're a good fit for a transcription career, what you can potentially earn, and also where to get started. Janet also has free legal transcription mini-course if you're more interested in going that route.
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?
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.
As I already mentioned, I started a blog while working full time, babysitting, and freelance writing. Eventually, I wanted to build a scalable business, so I quit babysitting and freelance writing, but I initially used money from those jobs to help grow my blog. I needed that income for the side jobs (babysitting and freelance writing) to help me grow my side hustle (my blog). So, you can find ways to grow your side hustle by adding in a side job to the mix while you need it. I highly recommend it!
Carpentry businesses build, maintain, repair, or renovate residential and commercial buildings. Structural carpentry, such as framework, contributes to community safety by ensuring the structural integrity of homes and businesses. Finish carpentry, such as restoration of historical buildings, contributes to the environmental beauty and increased real estate values of the community.
Starting a business while keeping your day job can be just the strategy you need to turn your dream into reality. You can propel yourself into the world of Web Development or Web Design easily, for example, with such high demand in the marketplace for both. You can do the work at your own pace with all of these opportunities and build a new career while maintaining your present job.
When setting up your online store with Selz, you can customize your products by choosing the perfect font from hundreds of options. At Selz, we know that choosing the right font is a key method of branding your product. We also know that the first option you try likely won’t be your final choice; so make sure to preview multiple fonts, and keep in mind the ways that this design choice enhances the product you are selling. Soon you will be making some side-income from your passion.
A recent Bentley University study found that over 66% of millennials want to start their own businesses. Yet, as of 2013, only 3.6% of businesses in the U.S. were owned by those under the age of 30. Clearly, there’s a large disparity between the number of young people wanting to be their own bosses, and those who are actually managing to pull it off. Many young people are naturally entrepreneurial, but without a steady flow of income it could prove challenging to jump into starting a new venture. There’s where side hustles come in.
Did you know you can rent your room or house out at Airbnb? They have been around since 2008 and millions of people have been renting out their rooms or entire homes to travelers from all over the world. If you do this right, you may be able to cover your entire mortgage! If you’re going to be gone for a month or two, you may as well allow your space to make money while you’re gone.
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.
You can have your own store up in only a few minutes at eBay. To start, you must have a seller account, must be verified through PayPal. You are even able to give a detailed description of your store with a catchy design to attract customers. I have a friend who will buy all of the unused bras at a last chance type of store and resell them for a profit at her eBay store. Last I heard, she was doing $1,000/month in her first couple of months.
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.
Can you draw, paint, or create another form of art that others would be willing to purchase? Create a Facebook or Etsy store to create works of art commissioned in your preferred medium. I know someone who draws Valentine’s cards, Christmas cards, and even birthday invitations for extra money for her family. With that money, she helped fund an international adoption. Another friend draws beautiful portraits of babies and children from pictures that are sent to her.
This step is more for someone who does online writing/blogging as their side business. For bloggers, a content calendar is a godsend and is something you should be doing every month (in my opinion.) If you run a small business or online store, calendars can help you complete priority tasks, keep up with email marketing and social promotions. Even if you don't blog, you need to have some type of calendar for all of the marketing activity you're doing to, well, market your business.
Build up a following on your Instagram account and you could quickly be approached by major brands, gear companies, and other relevant businesses that sell products or services related to the type of content you share on Instagram—creating multiple potential side business ideas that'll come to you. If you have the right marketing skills and hundreds of thousands of followers, you can easily charge anywhere between $500 to $5,000 per post (or more)—which makes for a very profitable side business idea. Check out this fashion Instagrammer on ThePennyHoarder, making a significant income from brand sponsorships. Once you get some traction, to cut down on the amount of time you spend uploading images, you can make your entire workflow more efficient by posting photos from your Mac or PC.
Cycling is a popular sport in the United States, with people regularly using bikes for fun, exercise, and transportation. In 2015 alone, 17.4 million bikes were sold in the country. As bikes are used, they occasionally break down -- and most people aren’t well-versed in repairing bicycles. A bike repair business fixes and refurbishes bikes for customers when their rides break down.
For many, beekeeping starts as a hobby. It doesn’t take them long, however, to realize what a fascinating and fulfilling career it can be. Beekeeping isn’t just about collecting honey; it’s about getting to know your bees, their behaviors, and their response to the natural environment around them. How rewarding would it be to parlay your passion into a career?
Having testimonials on your website is key to your credibility. You will want to have an upbeat web page that reflects you and the passion you bring to everything you do. Include a small video introducing yourself, as people will need to be able to relate to you to purchase your services. Make sure to break down the different pricing options that you have available in detail, so potential customers know exactly what they will receive for their money.
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."