This list offers some great ideas and inspiration for folks looking to increase their income. There’s really no reason that anyone with some ambition, a good work ethic, and “people skills” can’t earn some extra money (or a full-time income) pursuing some of these self-employment ideas. I’ve done a little research, myself, to compile a list of small business ideas, and stumbled upon a few possibilities which you didn’t cover:
The opportunity to cash in on this adventure is still valid but only if you play smart. Buying and selling domain names is a great side business idea for entrepreneurs with strong research skills. Understanding the audience you want to sell to and being able to recognise valuable domain names are the key drivers behind the success of this business and the knowledge comes only with careful research and testing. Check out Sedo, one of the most popular domain marketplaces, to get a better insight into pricing and trends.
There are at least three teenage entrepreneurs who’ve already earned astonishing amounts of money by launching hand-made jewelry business ideas: M3 Girl Designs’ Maddie Bradshaw, Bella Weems of Origami Owl, and the girl behind DesignedByLei. With the industry set to shine in the near term via a brisk annual growth rate of 5-6%, the market is ripe for new entrants to this business idea who can offer sparkling new takes on how to craft appealing handmade goods.
Those with a thirst for knowledge and who are passionate about helping others will excel in this profession. Your team’s primary focus will be to get to know these young adults on a personal level, using this knowledge to identify their strengths and weaknesses. Once you’ve tapped into this, you’re equipped to assist them in determining what schools are best for them and how best to proceed from there. Since colleges consistently change their admissions process, you must be committed to keeping up with these changes. A love of traveling is also important, as you’ll want to spend a portion of your time visiting college campuses, building relationships with individuals in the admissions office.
Gardening is a popular pastime for many people, and a growing segment of the population is working to grow fruits and vegetables of their own. If you have a green thumb, this might be the perfect side business idea for you. First, decide what kinds of gardening supplies you will be selling. Do you want to stick with seeds, plants, plant food, and fertilizer; or are you interested in selling equipment such as shovels, rakes, and hoses?
With more of us working fewer hours and with a resulting earnings gap to close, there's arguably never been a better time to set up a business you can run in your spare time from home. Whether it's to help make ends meet, or to follow your passion, or maybe even both, we've asked the experts to come up with 50 practical and cheap ways to make some extra cash.
Working a side hustle is a great way to generate extra income, regardless of why you need it. If you're behind on savings (whether of the emergency or retirement variety), and your living expenses currently eat up your entire paycheck, then taking on a second gig could be the least painful means of catching up to where you need to be. (Your other choice, for the record, is to seriously cut back on your existing expenses, which could result in some serious lifestyle upheaval.)
Entrepreneurs who have the most success are often in love with their business idea. Remember, you’ll be selling it, marketing it, and likely talking about it to everyone you meet. You’ll spend most of your free time developing the business, which means you may spend more time with it than you do with your own family. If you don’t truly love it, you won’t have the fuel and endurance you’ll need to succeed.
Now for the completely strange and unexpected: Jon Colgan, founder and CEO of fintech startup CellBreaker, used his background in sustainability to help finance his business. “I also studied sustainability in school and became enamored of using worms to compost. As a third revenue source, I sell worms,” he says. “I discovered that happy worm populations double every 90 days. My worms are always happy. So, I started selling worms and vermicompost on Craigslist and by word-of-mouth.”
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.
Instead of having to open up your brick and mortar store, sell your creations on Etsy. Whether you make clothing, crafts, baby toys, or jewelry, you can open up your own store at Etsy. I have a friend selling her awesome clothing line on Etsy and it brings in a very nice income for the family. This is another great side hustle, but don’t expect instant results. You may need to be patient for this one.
If you have a knack for connecting with people and the willingness to take on some risk, a commission-based freelance sales role could be a great side business idea for you. Many startups seek part-time and commission-only salespeople, especially when they're just getting started, which means you'll often be able to make this a home based business idea. Develop your sales strategies, become an inside sales rep and perfect your cold calling skills on the side in your free time for nothing but commission, negotiate a little equity and you could profit big time if you're pitching a solid product and the startup succeeds. Start your sales education with the acclaimed books, Secrets of a Master Closer and To Sell is Human by famed bestselling author Daniel Pink and you'll be well on your way to getting this side business idea off the ground.
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.
“A Side Hustle isn’t about making a few extra bucks selling lemonade to your neighbors. Chris Guillebeau has created a step-by-step methodology for imagining, building, and launching side projects that can earn real, serious cash. In my years investing on Shark Tank, I’ve seen firsthand how side hustles can take off and grow into some major profits. Whether you want to supplement your pay check, or jumpstart a full-fledged business, Guillebeau will show you how to get your hustle going in just 27 days flat.” - Daymond John, star of ABC’s Emmy Award winning business show Shark Tank
Valentine's day. Birthdays. Weddings. The list goes on and on—throughout the course of a year, there are dozens of occasions when people need to order flowers. What's more is that once you're up to speed with this business idea, your costs can stay relatively low if you know where to source your flowers, and typical margins are in the neighborhood of 300% (or more) on cut flowers which makes this a particularly profitable side business idea in the right geographic area. Check out this amazing interview with floral designer, Sara Tedford of Ladybird Poppy to hear about how her floral design company started out as a side business idea of doing weddings and events for her friends and family.
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.
#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’ve always been interested in the idea of self-publishing, but I am not entirely sure how to do that. I’ve researched it and created an account on Amazon, but how do I know that I can trust the cite with my bank account. I’m also not sure how to know what price I should sale my book at. The tax information is confusing for me too. I am not a numbers person. Just getting through reading all the terms and conditions of publishing on Amazon took me a while. Any advice?
Anyone can start a blog, but monetizing it is a different story. However, if you are experienced and passionate about a certain subject, or have an existing blog that you can turn into a money-making endeavor, consider focusing your energy there. Blogging can be a great way to turn your passion into a side business, and blogging is—you guessed it—incredibly flexible. With no time constraints, the ability to work for as long or as little as you wish, and the freedom to work from virtually anywhere, blogging is an excellent side business option.
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel's great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you'll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
This business is right for an individual who has an affinity for the written word and language in general. If you are a voracious reader, enjoy expressing yourself, and have a way with words, you should give consideration to working as a freelance writer. This line of work is also ideal for those who enjoy autonomy. The typical freelance writer does not have to deal with an overbearing boss. However, freelance writers must meet tight deadlines, satisfy clients' nuanced demands, and create captivating content.
Not to be confused with hoarding, this business idea takes a lot of time, patience, and passion. If you have an eye for good art, it’s easy to get in on the ground level by visiting the studio department at your local university—though don't expect to get rich overnight with this side business idea. Many art students are more than happy to sell their work for a bargain, and in as little as a few years, there's a chance that piece you bought for a couple hundred bucks may be worth well into the thousands. Beware though, this business idea will take a whole lot of patience (and storage space for all that art).
Websites aren't too dissimilar to stocks. Many are junk, but some can generate value for you, making it a strong potential business idea if you have an eye for spotting the diamond in the rough That’s why, like stocks, they are bought and sold all the time. You can buy and sell websites as a side business idea in the hope of generating future earnings based on their user traffic, current revenue intake, domain name, or some other factors that might be a hidden cash cow everyone else has overlooked. Interested? Check out marketplaces like Flippa and Flipping Enterprises to learn more.
Most people, even those many won’t admit it, love moving their bodies. It's also a great workout. If at some point in your life, you had to hang your dancing shoes for a more sensible office job, there's nothing stopping you from earning money with this side business idea as a passion project around your day job. Part-time dance instructors get a fraction of the pie that their full-time peers enjoy, but it can add up to hundreds each week if you're consistent—making for a great side business idea to those with the skills and drive.
Are you an accomplished instrumentalist or vocalist? Have you played in a band or a symphony? Even if you just play as a hobby, selling music lessons online can be a great way to help people explore their passions and make yourself some money on the side. Parents often seek out professionals to help their children learn how to play a specific instrument, and virtual music coaches are becoming more and more popular.
A side hustle is more than just another stream of income, it’s also the new job security. When you receive paychecks from different sources, it allows you to take more chances in your “regular” career. More income means more options. More options equals freedom. You don’t need entrepreneurial experience to launch a profitable side hustle. You don’t have to have an MBA, or know how to code, or be an expert marketer. You don’t need employees or investors. With Chris as a guide, anyone can make more money, pursue a passion, and enjoy greater security – without quitting their day job.
This is a great article that I will share with students in the Ozmen Center for Entrepreneurship at the University of Nevada, Reno. Sometimes starting a business can seem daunting and too hard to think of something new, but there are a list of options that can get people started. The Uber or a Lyft Driver mentioned in this article has become a popular one for students and recent graduates in Reno. Thanks for the article I shared it via @KyRoBiz.
You can sign up for free at Rentafriend to be someone else friend both part-time and full-time with pay between $20/hr – $50/hr. Yes, this sounds very strange from the outside looking in, but a lot of times you are helping someone get acquainted in a new town, meet a new group of friends, or simply have a cup of coffee with. Most importantly – friendship is always platonic (no touching).
Though illustrating can sometimes be a slow process, if you’re capable of making high-quality images in a short time, you can supplement your income with an illustration business. Cartooning, sketching, and such are in-demand and being able to provide these services can set you up with a steady stream of clients while you work a limited number of hours a week.
The pros of starting a music lessons business as a side business are very similar to a foreign language business. Assuming you know how to play an instrument and enjoy teaching others, you have everything necessary to start giving lessons. Music lessons businesses are easy to run out of your own home, according to your own schedule, so doing it on the side will not hinder the success you may find.
To avoid any confusion, I want to make it clear first that virtual assistant work is not always non-phone, but it can be. Virtual assistants tend to do a little bit of everything, just depending on their skills/expertise. So if you are good at various non-phone tasks (social media marketing/moderation, writing, graphic design, research etc.), then you may be able to do work for some of the companies below putting those non-phone skills to work. I also want to make clear that even when you do phone work as a virtual assistant, lots of times it can be arranged so you're making the calls during times of day when it's convenient for you.
We’ve all dreamed about having a massive social media following and it’s actually much easier to achieve that you think. There are plenty of automated tools to help you grow, all you need to do is post consistently (that’s how I built my Instagram account to >10,000 users in 3 months!). Once your following is large enough you can begin to charge for shout outs, product promotions, etc. and drive traffic to a blog or email list.
A work from home job can be any position that does not require you to be in an office. There a wide range of work from home jobs. Some companies offer opportunities for employees in traditional roles to work remotely for all or some of their workweek. These jobs often use technology for meetings, assignments, and collaboration. This practice is called telecommuting. Other work from home opportunities may include jobs such as customer service representatives for which companies will hire remote workers, or part-time virtual assistants to manage work which does not require a physical presence in the office.
To found their floral startup BloomNation, co-founders Farbod Shoraka, David Daneshgar, and Gregg Weisstein used a rather unorthodox funding source—the poker business. The three pooled their money to enter David, a former World Series of Poker champion, into a local poker tournament. He won, ultimately raising $30,000, which the trio used to help start BloomNation.
This business consists of an individual, or a team, who are hired to take quality pictures of properties for sale. The purpose is to attract potential buyers who view the property online. Due to the competitive nature of the real estate industry, the demand for quality property photos is elevated and perpetual. Proper lighting and point of view helps a property stand out above the competition, driving potential buyers to view the property.
For individuals who enjoy sewing or seamstress work, have some artistic talent, or have an eye for patterning and organizing ideas into a tangible object, quilting can be the perfect career. A background in sewing is preferable, although some quilters started because of a love or passion for creating and quickly found their niche in the quilting community.
Says Abbey Finch, who used freelance writing to help fund her startup Scribe Space, “I also surprisingly got a lot of luck using Craigslist and Odesk to find new work. I did everything from writing for a local, free newspaper covering town council meetings to writing how-to guides for eBay. I’ve written for lawyers, doctors, home improvement specialists, a wedding band, and so much more.”
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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."
Comon’ man… this article is about getting YOUR side hustle ON. Re-read the gianormous list Nick gave, then read ALL the comments – many of which offer additional ideas – and then rethink how little you have to offer or can do. I mean, it’s just not possible for you to feel that lost if you really consider the list provided and the vast world of opportunity we currently live in. Unfortunately ALL the ideas require you to actually DO something – no room for the wallowing “woe is me” attitude – sorry, just dropping some TRUTH on you but sounds like you need it. Only YOU can make it happen for you. Remember the sobering and sage words of Henry Ford, “Whether you think you can or you think you can’t, you’re right!” So which is it going to be for you?