That prob helps, yeah :) Also if you hustle hard during holidays and weekends and rush hours, at least from what I’ve read… I’ve never tried it as I’m always glued to my online hustles, but if you could actually do both at the same time that would be even better! Haha… Just bring a laptop and wifi hotspot with you while you’re waiting around town :)
If you think you’re busy now, wait until you have a company to run. Even side businesses take up loads of time, especially in the beginning stages when you are just setting up your systems and trying to attract customers. You’ll be working after your day job during the week and most likely on weekends too. This will limit the time you have for your family and personal relationships. Think carefully about the time commitment and consider what it will take to start your business.
I made this mistake in the beginning of blogging. I didn’t have a six-month goal, let alone an end-goal, so I made a lot of choices that led me down the “popularity” path (more of an influencer) instead of the “profitability” path (specifically for making money blogging). I could’ve saved over a year of time if I focused on the end goal of profitability from the beginning. It’s really easy to get distracted when you start a blog (something I talk about in my blogging course) – something I learned the hard way!
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.
Hey Grant! This is a great post! It’s so refreshing to hear of side hustles other than the typical options like Uber, Lyft, etc. I’ve been selling concert tix for over a year and have made some good money….I’ve also lost my ass a couple of times. There’s a definite learning curve! I’ll check out writing white papers since I loved writing in college. Thx for the tips!
Starting a new business online requires much less risk than investing your dollars into a brick-and-mortar storefront or downtown office. Because your business is based online, you can reach more potential customers, work from virtually anywhere and make money online without large overheads. When I start to blogging, I have some problem with writing texts. And guys from essayforme.org helped me and I was happy. Even if you have a regular nine-to-five job, a side business or a part-time gig means you’ll have extra money for traveling, shopping, or saving an emergency fund.
There are two basic ways how to find the best affiliate partners. You can make a list of products or services that add value to your content and check the company websites to see if they have an affiliate or referral program, or you can join an affiliate network to browse offers from hundreds of advertisers and find the right match there. For example, you can become an “Amazon associate=” and promote any of their products on your site to earn up to 10% in advertising fees or join Hostinger’s Affiliate program to earn cash and special rewards.
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers (including yours truly) are creating profitable content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, business, personal finance and more. And we're growing our blogs into six-figure businesses thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams. Your first step with starting a blog is quickly getting the technical side of things handled (my free master course on blogging will show you how), and then both understanding what your audience craves and learning how to attract those readers online.
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.
Create a formal business structure. Even if you're just starting a side business that you don't think will ever grow large enough for you to quit your main job, you still need to treat it as a serious business and follow the necessary formalities to keep it separate from your personal income and assets. In the United States and many other countries, you have the option of organizing your side business as a corporation, a limited liability company (LLC), or a sole proprietorship.
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.
If trends hold steady, there will be an estimated 6 billion smartphones in the world by 2020. This is an incredible opportunity for those who want to break into this market, as there will be increased demand for products to protect these expensive investments from dents, scratches, and breaks. The majority of phone cases are sold online to decrease overhead costs. However, retail storefronts can be a good investment for entrepreneurs depending on the target customers.
Unfortunately, while there is still a ton of WordPress website projects – it’s now more of a commodity service. The best WordPress developers now on UpWork are based in India or the UK. WordPress development becoming a commodity is fine if you want to build a $500 website for your friend’s local business, but it’s a lot tougher to scale. I no longer work on WordPress projects unless I am helping a friend for free, because I don’t enjoy building sites as much as I like doing SEO consulting.
Countless small businesses start out their web presence using a WordPress hosted website (myself included) before needing to upgrade to other solutions for various reasons. Many of them will pay several hundreds of dollars for someone to get their business idea set up online. If you have the patience to learn how to do it yourself, it's an extremely valuable skill and can be turned into a very lucrative side business idea—especially if you sign up for affiliate programs with companies like Kinsta, who offer high quality managed WordPress hosting plans that allow you to collect fees from the clients you refer their way. Plus, with the skills you pick up from this side business idea, you'll be able to spin up other profitable website ideas like my friend Andy's been able to do with his site, AwesomeStuffToBuy.
Companies of all kinds are looking for mystery shoppers. Mystery shoppers buy in secret, documenting their experiences with the retailer. This can be done at a physical store or an online store. If you do a simple search on becoming a mystery shopper, you can likely locate several services that will assist you. Or, you can simply contact companies directly to pitch your mystery shopping services to them.
32 Personal organiser/assistant If you are good at filing and managing tasks, and know someone who isn't, why not offer to share your expertise with them for a small consideration? Being organised is a valuable skill, and whether it's for a small company or a friend there may be more of a market for this than meets the eye. Ask around friends or look on listings websites including gumtree.com.
In addition to being a meticulous writer from a mechanical standpoint, you must be the kind of person who pays close attention to detail. Keep in mind, a proofreader is not the same as an editor. You’re not reviewing what your clients are trying to communicate, but rather how they write it in terms of spelling, punctuation, typographical errors, and word usage.
An online driving school (also called a “traffic school”) can be started by anyone who has an affinity for creating web-based services, who is also willing to go to the trouble to be legally certified by a state authority. Schools that offer in-class instruction needs certified teachers who are skilled in public speaking. If getting up in front of a crowd of strangers to explain things does not intimidate you, you would be very good at this. Most driving schools also offer on-the-road training, which requires instructors to be both patient and firm with students, so as to help them learn how to drive while avoid making dangerous mistakes.
Of all the suggestions on our list, driving for Uber has unique perks: no time spent on your feet, and not all that intellectually challenging. There is a lot to be said for a side business that still enables you to focus your mental and physical energy into your dream startup, so if you are concerned that a side business like freelancing may stretch you to capacity, driving for Uber might be a good fit.
Get a tax ID number. If you're starting your side business in the US, you need to apply for an Employer Identification Number (EIN) for your business from the IRS, even if you don't plan on having any employees. You typically need a separate tax ID for your business in most countries if you want to keep your side business legal and above-board.
Transcription work from home jobs involve listening to audio files and typing out what you hear. While some types of transcription (such as medical) require training, it is possible to break into general transcription with little to no past experience. Before you start digging through the companies below, you may want to read this post about what general transcription involves and this post about the equipment transcribers use.
My events are seasonal (May-December here in Massachusetts) and some vendor fees need to be paid months ahead of time to secure a space in a well attended show. This is a great opportunity for peer to peer lending! My best fairs cost between $125 to $250 to get in, but I can make $1200 or more at those shows. My 2 sisters invest in my biz early in the year so I can pay those vendor fees during my slow season (Jan-May) when I don’t have much income from my biz. I pay 10% interest on their investment, which is usually about $1500, and pay them back by the end of December. 10% is much more than they would get leaving that money in their bank account. If I had the funding, I would go to farmers markets and fairs and talk to the crafters/vendors about my peer to peer lending services because most of the vendors I know struggle with paying those fees which are due during their slow season.