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.
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.
If you are always trying out new hairstyles and enjoy working with hair, then this could be the perfect side business idea for you. Start with a specific tutorial, such as a how-to on making stylish braids. You can upload videos to your website or store demonstrating each type of braid, and produce a guide that gives step-by-step instructions for each.
It is amazing how this book has covered everything....everything you might need to know about generating income, searching for what may fit you, managing the funds, protecting your income, avoiding legalities, incorporating legalities, marketing, finances, and types of side businesses. You simply cannot go wrong, as there is just too much information.
Carpets make your home warm and cozy. But they also tend to gather dust, grime, stains, allergens and bugs over time. You can tap into this opportunity by launching a carpet cleaning side business idea or serving as an independent contract cleaner in your free time. Either way, you’ll need to invest in proper equipment such as vacuum cleaners, carpet brushes, and cleaning chemicals in order to launch this business idea. Look into the possibility of renting equipment for a full weekend and lining up 5-10 clients to service, to offset your rental costs. If you turn a healthy profit, you'll eventually be able to invest in owning your own equipment and increase your margins, thus going from side hustle to serious business.
Side Hustles are one of my favorite methods of making extra money, and I love encouraging my readers to start up a side hustle. This blog originally began as a side hustle and l never imagined that it would become my full time job. (Click here to see how to start a blog, or here to learn how I made $160k from my blog side hustle.) But side hustles don't start from nothing. 99.9% of “side gigs” have to be actively managed (and grown!) “on the side” – often on top of full time work. Balancing a full-time job and a side business is not for the “faint of heart”, but it can be done. Below is my guide for how to make it happen and how to (eventually) quit your job and do your side hustle FULL TIME.
Piano tuners are generally mobile service technicians that complete simple repairs and routine tuning for a wide variety of pianos at the piano owner's home, business, or school. They are knowledgeable in the construction of pianos, and they can repair felt, keys, minor wood damage, and replace wire as needed to maintain action and sound. Pianos used in a commercial or academic setting can be tuned after being moved or on a regular four month, six month, or yearly basis. It is a service that relies on the tuning technician’s expertise and experience.
There's a misconception that keeps those with dreams of owning their own business from following their dreams. It's a misconception that's not only false but dangerous to the small business community. It's not true that every entrepreneur sits in a rundown apartment somewhere in Silicon Valley, eats boxes of cheap mac-and-cheese and stays up all night building the next big startup. Most entrepreneurs aren't living in poverty hoping to someday sign the papers for millions of dollars in funding only to see their dreams become the next worldwide craze.
If you would like an editor for articles such as this, I would be happy to be employed in that capacity. The truth is that whether you would like an editor or not, you need one. Take number thirty-nine for example. I believe the word meant to be used was “connotation.” “Annotation” has an entirely different meaning. Whether you hire me or not, I do enjoy your articles and will continue reading them. Thanks!
Grant, you’ve got a lot of info in here that I LOVE! I swear to god, if I read another blog post telling me about a side hustle and I read the word “fiverr” I’m going to implode. You bring up an AWESOME point about not trying to compete in market places where your only advantage is price; eventually you’re profit will be ground down to 0. I’ve heard of domain reselling before; there might be a course there for you… (I’d buy). Great post!
One thing I tell people about the online side hustle is that it’s going to take a good while until they start seeing good money by working from home or anywhere on their laptop with their side hustle business. This is why a bridge job is good for some people to have while they’re working on side hustle entrepreneurship. I’m so happy to hear that some side hustlers that started out with next to nothing online with very little to their life savings ended up becoming Internet millionaires. Some Internet millionaires world on food stamps, unemployment, living at home with their parents, unemployable, and the list goes on.
Like many of these side business ideas, selling sunglasses is a business you can start by hand-making your own product or outsourcing production to a company. You will need to decide on your niche- do you want to sell a certain kind of glasses, a certain brand, or just a style that speaks to you? Once you’ve settled on this, you will need to market hard.
Everyone that buys a painting or has a nice photograph or a portrait made of their family may also need to have that work framed. Framing requires a specialized skill set that includes having craft-person talents, the ability to do simple carpentry, to know how to safely run a table saw, and have a good eye for pleasing aesthetic designs. You will need to understand color combinations and how to make a painting or a photo nicely framed to fit in well with the intended surroundings.
One of the most widely-available ways for making money is to drive for Uber or Lyft. The sharing economy has quite literally exploding, and both Uber and Lyft are at the forefront. The best part? You can turn on and off your availability through these networks with the simple click of a button, effectively allowing you to make money no matter what time of day or night it is.
Have a good understanding of how search optimization works? Put those skills to use. SEO consulting is booming and many online businesses are prepared to pay handsomely for expert advice and actionable tips that can help increase traffic and revenue. Many businesses take to Google when looking for a SEO consultant, so your first challenge is to establish a solid online presence and get your own website ranked high in the search results. Have a look at Gareth Bull’s website to get a better idea of what services you could offer and become a certified Google partner to get free access to a host of free training resources and promotional offers.
I remember staying up until 2am to start my blog on a work night (and I am in bed at 9pm normally!). I was so excited, I couldn’t help myself but go all in and start. This is the type of enthusiasm that works really well with starting a side hustle. The more excited, committed, and focused you are, the more likely you’ll be disciplined and therefore, successful.
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.
Like drinking beer? Why not try making it yourself as your side business idea? With enough patience and skill you might end up brewing something that others are willing to pay to drink. Pick up an easy-to-use starter kit from Mr. Beer online, invest the time it'll take to perfect your craft, make a unique brew and start shopping it around to friends & family to see what they think of this side business idea.
Actually I brought my Son N Law with me to work the Men’s Restroom AND HE Always made more money than me! That’s because Men always have their wallets on them and sometimes Ladies are “on a Date”..Ladies Night and get drinks free and didn’t bring cash..etc..Men need breath mints combs nice smelling colognes..Offer a hand towel and Smile and give personal service. Know the regulars by name! Bigger Tips!