If you're operating your business as a sole proprietorship in the United States, you don't technically need an EIN for the business – you can file taxes for your business along with your personal taxes. However, you may want one if you want to open a bank account for your business, or if you don't want your Social Security number to appear on business documents.
As for the questions an Amazon recruiter might ask, Bezos himself offered guidance for hiring standards 20 years ago in his 1998 letter to shareholders. He encouraged decision makers to think about three guiding questions: "Will you admire this person? Will this person raise the average level of effectiveness of the group they're entering? Along what dimension might this person be a superstar?"
You will need to find a niche for the different types of jewelry that you will be selling. For example: if you mostly make wedding and event jewelry, start there and then branch out. If you want to sell everyday jewelry, or specific pieces like necklaces, bracelets, or earrings, you can divide these into separate categories in your store for ease of browsing. When selling jewelry online, you will need great pictures, and you will also want to include detailed descriptions.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What's more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand side business idea.
Outsourcing lead generation is becoming the new norm. Good sales people are hard to find and many businesses try to avoid the risks of employing someone full-time before they have a robust lead generation strategy in place. If you’re well versed in all things sales, then it’s time to seize the day. Lead generation encompasses a vast array of tactics, including content marketing, email marketing, cold calling, SEO, website optimization, webinars, and so on. Pick one or two techniques that you can really nail, set up your website, and get to work generating leads for your own little business.
If you plan on launching an eCommerce startup, eBay is also a great way to test the waters with your business idea. Before launching his vintage T-shirt business Defunkd, James Applegath sold his vintage tees on eBay, as a way to determine if there was a market for the business. “EBay and other marketplace platforms are an excellent way to test how your business will perform prior to launching a startup,” he says, and adds that the funds you generate through this avenue will also help you in starting your business.
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.
20 Making greetings cards If you're the kind of person who loves making things, why not try your hand at cards? Ask a local shopkeeper what kind sells best and follow their advice, working to a distinctive style of your own. Then try selling to family, friends and local businesses. Be mindful of material costs and time taken though, as wastage can be expensive in such a low-value product.
Are you one of those people who start their day with a to-do list? Then you’ll enjoy helping others get their life back. Virtual assistants provide administrative support to entrepreneurs and business owners who have more on their hands than they can handle. The ultimate perk of this side business is that you can work from your home office or anywhere you want, as long as you have a wifi connection and access to a phone. Freelance marketplaces are the best places to pick up some freelance gigs until you have a solid stream of clients coming through your own website.
Dropshipping Tip: Want to start your own dropshipping business? Sign up for Oberlo on Shopify. The Oberlo app allows you to choose from millions of products that you can start selling on your store today. Plus, it automates several parts of the business process. You can add products in a simple one click and process orders with the same swift action.
Job description: "As a member of our front-end engineering team, you'll have the opportunity to enhance our users' experience by proposing and implementing improvements and new features in a variety of apps. We are looking for highly communicative, auto managed, hard-working guys with great tech skills. You are expected to learn from and contribute to team knowledge. As part of a successful growing startup, you will be involved in the whole product development flow, and your voice will be heard!"
30 Online surveys It's possible to make pocket money by filling in internet surveys – though moneymagpie.com's Birtles advises caution, as there are hundreds of bogus companies on the net. "Toluna, Ciao!, Lightspeed Panel, and Valued Opinions are all pukka," she says. "You make between 50p and £5 per survey. Click here for more information and a list of genuine survey companies.
When your readers click on a link, they will be directed to the company’s site, and you will earn a commission either from the traffic you direct, or from a purchase they make on the site. Besides links, you can also put visual ads for the company in the sidebar of your page. Your job is just to continue producing original, relevant content, and you will be able to gradually establish a profitable side business.
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.
A friend’s son was a member of the Chess Club at his elementary school. He spent one day a week after school for an hour, learning how to play chess. His parents paid $40 for 8 weeks of this club. That money went to the leader who was teaching everyone how to play chess. He paid a small rental fee to the school, but everything after that cost was profit for him. This brilliant idea could be a side hustle for you on the weekends or evenings. This entrepreneur offered these services to four different schools, worked just an hour a day and was able to live on the money he made while going to college. This is definitely not limited to chess and could be offered at a local rec center, a church, or the library.
There is a subscription box for just about anything you can imagine these days. As an entrepreneur getting started, this means you will have some stiff competition. Think about a unique niche that consumers want and need in their lives, and consider ways to make your product stand out from the competition. Are your prices lower? Is your shipping quicker? Do you include goodies and bonuses that other businesses don’t?
If you’re looking for side jobs to make money, why not trying selling information products? This side hustle requires some research, invested time and marketing skills for you to flourish. Are there topics that are really popular right now that you know a lot about? Did you find a popular topic that there isn’t enough information about? Monetize these opportunities by creating content around it. You can publish books on Amazon or sell courses on Udemy.
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.
If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
A test prep business often helps prepare customers for tests such as the SAT, ACT, GRE, MCAT, and LSAT. The business may also help customers prepare for other tests. You may instruct clients by themselves or as part of a group. Your business may be located in a separate office, or you may visit clients; alternately, you may conduct lessons entirely online via services such as Skype.
There’s a good chance you’ll underestimate how much time your activities will take and overlook additional tasks. Be organized and document your time, so that at the end of the day you’ll know exactly what you got accomplished and how long it took. If you find that the goals you set yourself are too aggressive, be flexible and adjust them to be more practical. For more tips, see these small business time management tips to increase productivity.
Believe it or not, having expert advice and getting insightful help for navigating Tinder, OK Cupid, and Coffee Meets Bagel is something many people are willing to pay for. Take dating coach, Virginia Roberts of The Heartographer, who charges a whopping $200 an hour for her one-on-one video coaching. If you can put together an enticing profile, select flattering photos, and craft messages like a pro, your friends are probably already asking you for advice. Now it’s time to cash in on your skills.
If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it's been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won't have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
Obviously, this business is good for those who are great at taking tests and have already taken many standardized tests. It is a great business for a current or former educator, as this helps you in teaching fundamentals of test-taking to customers. Above all, it is great for those who want to improve their local community by helping people get into the universities and programs of their dreams and better themselves.
Oh man, I haven’t experimented with those myself, but I’m all about trying out new things! I feel like you really have to just give these things a shot to really find out if it’s something worthwhile or not, as too many people have skewed opinions and situations. Worse case you can always just stop and/or sell your car, right? So I say give it a shot for a month and then report back your findings ;)
I’ve never worked as a freelance writer for any websites because I was never able to find lucrative enough gigs. I didn’t want to write posts for $200-$300 each. I wanted to get paid to write $5,000 – $10,000 reports! So I haven’t written as a freelancer for any websites, but what I have done quite a bit of is write white papers for companies. Here’s basically how it works. Consulting companies, engineering firms, law firms, and tons of other professional service firms like to put out “thought leadership” reports which basically are blog/research reports on steroids. Sometimes they are pretty big.
This business is perfect for seasoned business owners or upper level managers who are looking for a career change. A business consulting firm must be experienced in business management, marketing, and team building and management. They must also understand how to generate revenue from a wide range of businesses and expand existing streams of income.
Much like a live streaming business, a podcasting business takes a hobby and turns it into a profitable business. You might really enjoy talking about a certain TV show, a sport or hobby, or any number of things. As long as you can dedicate enough time to write and record your podcast, this business can serve as a great way to make extra money while doing something you really enjoy.
I already know what you’re thinking when you read that title, ‘Here comes another one of those get rich quick scams. I don’t blame you. Most titles that begin the way tend to lead to some ebook or sales page. But what I’m about to reveal to you is totally legitimate and involves nothing more than speaking your mind. No I haven’t lost mine! Just be patient.
Thank you so much for this list. I have been deliberating on starting a consulting/coaching business for so long now (2 years). I am not working at the moment as I took a career break after my MBA to start a family and now look after my child. Consulting for SME’s has always been my passion, it was actually my MBA long term goal but since I am yet to attain my short term goal (getting a job and more experience) I am hesitant to start my coaching business. My fear of not starting has been around how a new employer will perceive me when I am ready to go back to work. Are there people who openly run a side hustle and their employers know? I am in the UK and currently starting to look for a job but it is taking longer than expected, I also would like to know how this applies in the USA as I will be moving over in two years. Can you advice, anyone with experience in both markets please advice.
Does your job offer you the flexibility and adequate revenue to help you fund your startup? If so, you might be set. While you can certainly supplement your income by combining your day job with one of these side businesses, consider thinking of your full time employment as a means to an end, and focusing any extra income after living expenses into your startup.
Do you play a musical instrument well enough to teach it to others? How about taking your skills at producing music or sound design and teaching others as a service-based business idea based on your experience? Private music instructors in all disciplines charge upwards of $20-100/hr (or more depending upon skill and experience), and you don’t necessarily have to do them in person, either. This makes for a great side business idea that can channel your passion for music into profits.
The best and worst thing about side hustling is you can literally make money doing anything. It’s the best because you can find and make money doing something you love, and it’s the worst, because most people think there are no rules to side hustling, so they end up making some money on the side, but not as much as they could be making and end up wasting time doing it.
Let’s say that your friend has a product. They want to sell a million units on their website but there’s one little problem…They have ZERO idea how to market online. Being the digital marketing guru that you are, you offer to help drive traffic to your friend’s product on the condition that he pays you 2% of each sale that you influence. That is affiliate marketing.
That’s my plan. No kids, no spouse, parents deceased. I’ll never be able to retire. On PSLF, but forgiveness not approved until 120th payment. Many are not being forgiven now. I take courses to stay in deferment. FedLoan bases payment on gross; not net. How does that make any sense?! After bills I can’t afford the payment. I have 3 grad degrees. Was supposed to be a psychologist. APA & NCE won’t accept my 15yo degrees for the national exam. So I teach at a CC. Over 180,000 in debt now and it grows monthly.
Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing.com. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.