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.
If you’re offering a service, do you need to be licensed and registered for it? Research the product or service you’re going to offer to determine exactly what you’ll need to do according to state law. If you’re going to help people with their taxes, for example, you’ll not only need to be licensed, registered, and bonded in some states, but you’ll also need to carry errors and omissions insurance.
Consider your business plan to develop a picture of goals and timelines. For instance, if you want to turn a side business into a full-time venture later on, come up with a rough idea of when you’d like to begin this transition. Create a schedule by mapping out yearly, monthly, and weekly goals, and keep track of them along the way. Making and meeting goals will help you stay on your timeline, which will help ensure your business’ success. On the other hand, if you don’t intend to leave your full-time job, determine how much time you’re willing to put into it on a daily and weekly basis, and then create a plan to help you stick with it.
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.
OK, so I am guessing Grant was a lot like me in that very early on his goal was financial independence. I pursued a different strategy but was also very motivated. I worked for a Fortune 100 company, earned my undergraduate and MBA at night and on the weekends. I maxed out my 401K and collected all the free money that I could. I had some great jobs and traveled the world. I retired at 56 and have been enjoying life and my freedom ever since. It will always require dedication and hard work but if you want it you can earn it. But not everyone is driven and if you are not you will never achieve your goals. I am writing this while I am in Sao Paulo, Brazil one of the great foodie cities in the world, and I bet you didn’t know that either. But I know because I travel a lot!
I mean come on, who wouldn't be interested in this side business idea? Getting paid to take care of a cute pup sounds like a dream. The prevalence of unattended pets is another side effect of busy life, creating job business ideas and opportunities for people with time, patience, and affection to spare. Just check out DogVacay and Rover to see what I mean. Would the payout be worth it if you try? One person in New York earns $3,300 a month just pet-sitting for busy animal lovers as his side business idea.
Fiverr is a great place for first-time freelancers who might not have tons of experience and want to build up a portfolio of their work. You'll be able to complete simple tasks ranging from logo design, to creating animations, or even drawing a company logo on your forehead. While this side business idea likely won't be growing into a million dollar startup for you, it can still be a platform for funding your next big business idea. Want to learn more about Fiverr's history and how to get the most out of selling on the platform? Listen to my interview with Fiverr CEO Micha Kaufman.
Selling Information Product Tip: With this side hustle, focus on niches where people have a huge problem they need to solve. If you’re in the fitness niche, you can create a fitness workout course or a diet plan with recipes ebook. If people are desperately trying to solve a burning problem, there’s an opportunity to provide value by helping them solve that problem. The content you create can guide them towards a solution. Best part: you could make money while helping people.
If you can attract a regular audience for your podcast, there’s good money to be made from sponsorships and other digital product offerings. At my own day job, we regularly pay $250 to $500 for 30-second advertisements on relevant business podcasts. Check out this episode of the Conscious Millionaire Podcast for an interview with John Lee Dumas, the host of Entrepreneur on Fire, for more tips on how to make money podcasting, including selling online courses, eBooks, and coaching sessions.
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.
Because watch repair is very specific, general repairmen may not be fit for the watch repair business. Those who’re experienced with repairing small mechanical items, however, may find watch repair to be incredibly fun. Those who enjoy collecting watches and clocks, too, may enjoy the art of watch repair. As a business owner, a watch repair shop owner will need to have a good handle on management, accounting, and marketing.
As for other tips, all I can say is “a penny saved is a penny earned”. If you are running out of ideas to make money, start saving. Some quick “low hanging fruit” tips to save some quick cash include – switch to MetroPCS or Boost for cellphone (I only pay $20/month), switch auto insurance to Insurance Panda ($25/month), and start using GasBuddy (saves me like $100/month at least. I drive a lot).