Happy days are here again – or so you might assume from a recent wave of optimistic reports about the economic outlook and rising consumer confidence. But while unemployment is down, the latest labour market figures reveal a surge in part-time jobs as employers remain anxious about long-term recovery prospects, suggesting it may not be time to hang out the bunting just yet.
Don’t freak out about not being able to code just yet – you can build and sell websites on Flippa without any coding experience. Flippa is a marketplace for buying and selling web businesses, apps and domain names. It’s a godsend for savvy entrepreneurs that are always brimming with ideas for new hustles. In essence, this is how it works: you brainstorm a startup idea, secure a catchy domain name, use a WordPress theme to build it out and make it look appealing, and then sell it in an auction on Flippa. Alec Larson has been doing this for some time, and claims to be making $1,000 to $1,500 on Flippa every month. There’s no clever secret behind this – you come up with compelling ideas, flesh them out and sell them to eager entrepreneurs. The essential upfront investment is minimal: starting a website will cost you $2.45 a month, including a free domain name registration, plus your time and effort to put the pieces together. Certainly worth a try.
But regular side hustles are especially popular among American millennials — 38 percent of people ages 18 and 37 told Bankrate that they make money from their side hustles at least once a month. That's compared to 30 percent of Gen Xers (ages 38 to 53) and 24 percent of Baby Boomers (ages 54 to 72). Bankrate also found that 15 percent of millennials earn money from their side hustle a weekly basis, 10 percent "a few times" each month and 13 percent once a month.
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.
It's encouraging, then, to learn that 44 million Americans are taking steps to improve their financial picture by working a side hustle. A side hustle is a gig that allows you to make money in addition to your primary job. Popular side hustles today include waiting tables, bartending, dog walking, retail, telemarketing, selling products online, and consulting, but in reality, your side hustle can be pretty much anything you want it to be. In fact, if you have a particular talent or hobby that could help you start earning money, it pays to keep working at it. You never know what good ideas might take off, and if you're like the typical American, you can no doubt use the extra cash.
That’s where Chris Guillebeau’s Side Hustle steps in. The term “side hustle” has become all the rage these days, but for Guillebeau, it’s the way he’s lived his life and earned his income for more than a decade. As a friend and colleague, I’ve watched from the sidelines as he’s repeated the process many times, getting better and faster with each iteration (and often looked on in awe). And, I was excited to receive a copy to dive into and learn from.
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.
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As traditional media declines and social media emerges, marketers are increasingly incorporating social media influencer marketing into their strategies. Ste Davies reports that this is both a smart and popular advertising strategy, with 94 percent of marketers saying it’s effective and an increasing number of companies planning on using it through 2020.
If you’ve always wanted to publish your own book as a side business idea, there never been a better time than now. That’s because access to self-publishing tools and marketplaces has never been easier and more affordable. This eBook writer currently earns up to a couple of thousand bucks each month from six ebooks she published; while you can reportedly demand around $1000 per eBook project serving as a ghostwriter. My good friend, Caroline Beaton used freelance writing as her side business idea to eventually go from secretary to self-employed, while focusing on her own personal development and looking inward to discover what she's truly passionate about.
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.
Selz includes the option to link your online store to your blog and social media accounts. By connecting all of these sites, you can drive traffic to your store and sell more workout plans. Selz also allows you to upload videos along with your photos, which can be be a great way to feature short, visual samples of your workouts plans and the different exercises you recommend. Customers want to see what you do, and this is the perfect way to show them.
If you enjoy making pottery, or just jove using it for creative decor, you could turn this passion into a nice side business idea for yourself. First, narrow down what type of pottery you will sell. Do you want to sell functional outdoor flower pots, or decorative indoor items? Remember, you can always expand your niche later when you are more established.
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.
If you want to find a profitable online course idea in the next 3 days, join my free online course Find a Profitable Business Idea today. It'll walk you step-by-step through the process I've used to generate more than $15,000 in online course sales in a single week. Then once you're ready to start teaching your own online course, I recommend using Teachable, the easiest and most affordable platform to use for creating, hosting and selling your online courses. They also have a ton of free educational resources about how to get started with creating an online course (yes, even as a side business idea) when you sign up right here.
18 Garage/garden sales "One person I know holds a garage sale at their house almost every weekend during summer," says Hamm. "They get a lot of regular customers who stop by almost every weekend to see what's on sale. That person then goes to neighbours and friends and offers to sell their stuff for them, splitting the proceeds. People are usually happy to do this since they can get rid of unwanted items and earn a bit of money, too."
The items you are selling should have some type of certification or grade so customers know that they are the real deal. You will want to have a professional storefront, which you can easily put together using the Selz store builder. Reviews are also very important in this line of business, so don’t hesitate to ask previous customers to drop you a line with their thoughts.
I live in an apartment complex, and there is a husband and wife team who do valet trash pickup outside everyone’s door 3 nights a week. We have to take our trash to the compactor ourselves on the other days of the week, but on those 3 nights it’s very nice to just put it outside our door! They just have a pickup truck & when it’s full they drive to the complex compactor to unload all of it then head back to the next building. It takes them 2-3 hours. The cost is figured into our rent so they are paid by the apartment complex. Smelly but nice side gig!!