How can you avoid that? Start a side hustle you can fund through savings -- or better yet, that you don't need to fund. Provide a service that only requires the tools you already have. Sell products you either make or can procure by consignment. Prove to yourself that there is a market -- and that you can serve that market -- before you take on any debt.
Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.
I’ve had other acquaintances buy the rights to unpopular songs or jingles and collect on royalties, others who buy Youtube channels or Instagram accounts, and still others who buy Amazon businesses. The list of existing assets you can buy are practically endless, and if you have one or two ideas for improving an asset, you could have a winner on your hands.
Nothing beats playing your favorite game. But getting paid for coaching a sports team and staying close to the action is the next best thing. Not only will you learn new skills, you’ll earn money getting your team into shape with this side business idea. The median pay for sports coaches clocks in at $30,400 according to the US Bureau of Labor Statistics. Expect to have only a slice of that if you’re signing up for part-time coaching as a side business idea only.
Your customers will need a reason to buy your tea, and not your competition’s. You will need an inviting storefront to catch their eye and make them stop and check out what you have to offer. Selz can help you create a unique store design that will stand out from the crowd. Consider offering packages of similar teas, or seasonal options- i.e. the best teas for a cold winter.
If you're toying with the idea to pad your income with a side job, this book is a decent start. It gives you some suggestions about what to do, links to further resources (often other Nolo books), and some good tips on topics as diverse as marketing or how to deal with various types of business people, including lawyers. I went through the book easily and found it well- written and understandable.
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.
Aside from an attractive glossy cover, and being extremely critical for today's economy, Running a Side Business is excellent tool for anybody yearning for a second income. Again, NOLO series has teamed up with USA Today for another information-filled book for the public. NOLO is a legal companion for more than 35 years, while USA is the nation's largest circulation newspaper.
If you are looking to spread information, improve the human condition and help others, you should consider starting a YouTube business. YouTube businesses provide informative and helpful videos that benefit others in countless ways. Though anyone can start a YouTube channel, the channels that provide useful and insightful content amass plenty of viewers. Such successful channels are legitimate businesses.
A ballroom dance business provides ballroom dance lessons in a well-appointed studio. It can train teams that participate in national or regional competitions and also provide dance lessons for those who simply want to learn how to dance. A ballroom dance lessons business may be associated with a recreational center or a club, and may offer classes for both interested dancers as well as teachers.
As you can see, you don't have to spend thousands of dollars to start a side business. The 11 ideas above only scratch the surface of the types of side business you can start to make extra money. Plus, who knows? You might even be able to turn your side hustle into a full-time career today. Start small with an equally small investment, and see where it takes you!
Craft fairs are also a great side hustle. I do very well at high end, handmade only craft fairs and festivals. Its a marketplace that attracts people who prefer handmade and have the income to easily afford high end crafts. I am a baker/food crafter (not the same as a food vendor. Food crafts are jams, sauces, cookies, breads, toffee, honey, maple syrup, etc. – foods made at a kitchen and brought to the event, not prepared at the event like sandwiches and burgers, etc, made by food vendors). I make hand made baking mixes, an oatmeal bar cookie in 4 flavors and a gluten free truffle cookie in 3 flavors. As with farmers markets, craft fairs mean immediate cash. I accept credit cards, too. No waiting for a paycheck to come, as my hubbie is paid by-weekly.
Obviously, this business is great for those who are already fit and have worked hard to create an exercise and health regimen that works, as they can use their personal experience to help educate others. It's good for someone who is a “people person,” as the entire job revolves around regular interaction with a diverse clientele. It is also good for someone who is a natural leader—just as a good manager or coach helps people to visualize and then actualize success, a good personal trainer helps clients visualize a healthier self and provides a pathway to achieving that goal.
I created an “Every Day I’m Hustling” shirt and sold enough for the campaign to ship, but didn’t earn much on the experiment because of some not-very-effective Facebook advertising. Still, some opportunity here and a friend of mine is doing REALLY well with this. If you can create awesome designs and reach the right people with good Facebook targeting, Teespring can be very profitable.