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.
Home tutoring allows you to offer individualized lessons to students of all ages regarding any special skill sets that you have. A good home tutoring business is flexible because your students will have very different needs: some are struggling with classes in school, some are studying for college entrance exams, and others may be adult learners who need to master certain skills to benefit their employment.
I know of a guy who started out as a handyman. He then took that idea as a handyman and started his own blog to teach people how to fix things themselves through blogging and video tutorial. At the end of every post or video, he would tell you what tool he used to get the job done and would provide a link directly to Amazon for you to purchase that product.
Not only do these fully remote opportunities not require an advanced degree, they also pay more than many other opportunities for workers without a college degree. The median weekly earnings for an American worker with a high school diploma is $712, according to the BLS, or about $37,024 a year. All of the opportunities highlighted here offer higher wages.
Did you major in a subject like English, history, or math in college, or do exceptionally well on the SAT exam? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
You can sign up for free at Rentafriend to be someone else friend both part-time and full-time with pay between $20/hr – $50/hr. Yes, this sounds very strange from the outside looking in, but a lot of times you are helping someone get acquainted in a new town, meet a new group of friends, or simply have a cup of coffee with. Most importantly – friendship is always platonic (no touching).
Once you know what you will be selling, you can start to create. Make sure to get good quality images and write detailed descriptions of your products. To add a fun visual touch to your website, consider photographing your creative process from beginning to end. This side business idea is great to promote on your social media accounts. You can also get friends, family, and followers to spread the word about your new business.
What Employees Say: “VIPKID pays between $14-22 an hour, plus more in incentives some months. Most kids are fun and well behaved. You create your own schedule and work as little or much as you want. The materials are already provided, you just have to review them beforehand and plan out how you want to teach the materials and which props you want to use.” —Current ESL Teacher
If you’d rather trade time for money you might choose to get a part-time job. Side jobs to make money include: dog walking, babysitter, restaurant server, receptionist, administrative assistant, or barista. You can also find part-time jobs within your industry. Maybe you’re a full-time marketer who takes on a part-time social media gig. The only downside to a part time job is that you need to invest your time for money. And time is your most valuable luxury. Part time jobs don’t scale as well as an online business would. Meaning, your total earnings get capped.
I love creating new business forms and have recently been thinking about putting my forms out on the internet for some passive income. I was thinking free “as is”, $5 to have company information added in a header, and more dollars for a custom made form. I’m looking to learn the best way to get it out there. I just found your blogs this evening and look forward to reading many of them. Thank you in advance for all the excellent information that I will be using.