Choosing the path of entrepreneurship, and working on your side business idea, is without a doubt riskier than being content with holding a 9-5 job. It requires way more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business idea than you ever could at your day job, the hard work will have all been worth it. So, let’s talk business ideas.
Once your following becomes large enough you can begin implementing any of the other strategies in this article. You can drop in links to affiliate products, you can market a course, a podcast or even sell a product. The poster child for this model right now is The Hustle – a newsletter geared towards millennials that focuses on the tech space. Sam Parr, its founder, was able to drive 100,000 subscriptions in 5 months and leveraged that audience to create HustleCon, a startup conference for non-techies. During his first year of the conference, he sold 400 tickets and made $50,000.
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.
42 Selling lost luggage Auction houses round the country routinely sell off lost luggage that the airlines have failed to match with their owners. "For example, Greasby's in south London sells off BA's lost items every week," points out Birtles. "You bid blind on bags that have had the expensive stuff removed (cameras, iPods etc) and then sell the bag and contents on eBay or at a car boot sale. Bags generally go for between £5-£50. Your profit depends on what's in them!"
Wow that is really inspirational and a breath of fresh air compaired to the typical drive an uber, di gigs on fiverr advice. This brought some new insight. I’m wondering how you handlle taxation on side husttles. Can you just add that income to your tax declaration in the U.S. or do you need to set up some sort of company to be able to do your invoicing etc… ?
Affiliate Marketing Tip: Ask the affiliate program or content creator for assets you can use to help you market their product. For example, there may be a lead magnet or free tool you can use to incentivize people to purchase the product. Often times, a piece of content can help ease a potential customer from a cold lead into a warm one. Thus, giving you a better chance of succeeding with this side hustle.
Naturally, it helps if you already have an online audience you can tap for listening to your regular podcast (like I did), but that hasn't stopped thousands of people from building successful side business ideas into lucrative podcasts—including Alex Blumberg, founder of Gimlet Media who teaches how to use storytelling and launch a podcast. You can also check out this class from podcaster and entrepreneur, Lewis Howes, about how to make money podcasting as a side business idea, which regularly broadcasts for free on CreativeLive.
We’ve selected these ideas because they’re always at the top of the list of the most profitable side hustles, but don’t worry if you don’t feel particularly drawn to any of them. There are dozens of other skills that can help you to bring home the bacon. Head to sites like Skillshare, Udemy and GeneralAssembly to see what online classes are trending and maybe you will find your calling!
Client-based: These photographers are hired by different clients and charge a certain rate per hour or per session. Their clients range from individuals, couples, families, advertisement companies, fashion brands, travel agencies, schools and corporations, etc. For instance, wedding, portrait, and headshot photography are all client-based business models.
Everybody knows that finding (and landing) your dream job can be tough—especially when you've had the same position for a while and your resume is looking a little rusty. Before jumping in and becoming an expert resume writer, you'll have to learn how to write a resume on your own, and then practice by redoing resume's for your friends and co-workers. Next, you're ready to join a resume writers' association, continue establishing your credibility and you can eventually make your way into more hands-on career coaching opportunities.
One huge driver of these price increases, of course, is the growth of WordPress and as building websites have gotten easier, more people have been willing to shell out pretty big bucks to get the exact domain they want. I currently own over 800 domains and a vast majority of them have a “Domain For Sale” landing page where visitors can submit an offer to me. I have them all set-up so unless an offer is over $1,000 then I don’t receive the email. So I don’t have to deal with lowballers.
Another flexible non-phone option in the educational field is test scoring. There are a few reputable companies that do hire home-based workers to score everything from standardized tests to essays. Before you apply, you should know that ETS and Pearson (listed below) do require that you have certain qualifications and/or past teaching experience before they'll let you become a scorer. WriteScore on the other hand requires just a two-year college degree.
If you already have a sizable Instagram following, or a knack for getting followers, you could be approached by major brands, gear companies, and other relevant businesses with products and services your audience may be interested in. Take 25-year-old Liz Eswein for example, who charges a fee to brands for taking the photos she posts on her account @NewYorkCity, and an additional $1 per like on top of that. Not bad, considering most of her photos get well over 20,000 likes.
OK, so I am guessing Grant was a lot like me in that very early on his goal was financial independence. I pursued a different strategy but was also very motivated. I worked for a Fortune 100 company, earned my undergraduate and MBA at night and on the weekends. I maxed out my 401K and collected all the free money that I could. I had some great jobs and traveled the world. I retired at 56 and have been enjoying life and my freedom ever since. It will always require dedication and hard work but if you want it you can earn it. But not everyone is driven and if you are not you will never achieve your goals. I am writing this while I am in Sao Paulo, Brazil one of the great foodie cities in the world, and I bet you didn’t know that either. But I know because I travel a lot!
Blogging is often the first idea that springs to mind when the conversation turns to online side businesses. And rightly so. Thousands of bloggers around the world are successfully making money off their talent to write, and the best thing about this hustle is that there’s no right way to do it. First, let’s establish the fact that blogging itself is rarely profitable. Bear with me. Blogging is like a train station – the more trains you have running, the better are your chances of turning a profit. Establishing several streams of income is key to turning your blog into a self-sustaining side business. So let’s back up a little.
Similarly, if you have a particular financial goal in mind, working a side hustle can help you get there more quickly. Imagine you're aiming to buy a home and need $20,000 for a down payment. If your current salary and expenses only allow for $300 a month in savings, and you manage to earn another $300 a month from a side hustle, you'll reach your goal in half the time.
Having testimonials on your website is key to your credibility. You will want to have an upbeat web page that reflects you and the passion you bring to everything you do. Include a small video introducing yourself, as people will need to be able to relate to you to purchase your services. Make sure to break down the different pricing options that you have available in detail, so potential customers know exactly what they will receive for their money.
Guerin, an editor/author specializing in employment law, is author or co-author of several Nolo books, including The Manager's Legal Handbook, Dealing with Problem Employees, Nolo's Essential Guide to Federal Employment Laws, Workplace Investigations, Create Your Own Employee Handbook, and Nolo's Guide to California Law. Guerin has practiced employment law in government, public interest, and private practice where she represented clients at all levels of state and federal courts and in agency proceedings. She is a graduate of Boalt Hall School of Law at the University of California at Berkeley.
There isn’t one way to bootstrap your business—and this can be both a positive and a negative. Bootstrapping can offer entrepreneurs an opportunity to be flexible, creative, and fund their business on their own terms. It often results in cobbling together a variety of revenue streams in order to establish a solid financial platform to get a business going. However, this can also be a risky, unstable endeavor, which is a potential downside to consider.
These could include candles, tablecloths, center pieces, napkins, balloons- really anything you can come up with to make the perfect wedding day. Think of it as all of the last minute supplies that the happy couple dreads having to get after all their planning. That’s where you come in as a one-stop-shop. You can combine shipping or offer specials on certain products at various times of the year.
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 ;)
If you had a knack for standardized tests and had no trouble acing the SAT or ACT, you’ll find that many parents are eager to shell out upwards of $100 an hour for the right tutor to help their kids gain entrance to the college of their choice. Begin with this checklist for starting an SAT tutoring business and look into taking the route of tutoring student for their regular coursework, which will net you closer to $17 an hour. If you’re a credentialed teacher, or have special certifications, you’ll be able to charge much higher rates for the right students.
On top of just the skill and experience components to being a successful online coach, this side business idea is all about building a community around the help you're offering and fostering trust with members. Plus, your community members will learn from each other along the way. Creating the space for that community can be as simple as setting up a private Facebook group or choosing a community-building platform like Ning.com that has even more capabilities like using your own custom URL, having internal forums, customized designs, and more.
A greeting card business sells greeting cards to customers. These greeting cards can be for a number of occasions, including birthdays, holidays, reunions and even funerals. Cards can either be sold directly to customers or to retail dealers. If they’re sold to a retail dealer, the dealer then sells the cards to customers. Some greeting card businesses operate online, selling cards to shoppers and shipping them.
However, suppose you've always been interested in photography and want to start a side business offering your services as a photographer for weddings and other special events. Depending on your work schedule, this could potentially interfere with your day job – and your day job also could interfere with your side business. For example, you might get offered a well-paid and prestigious photography gig to shoot an event that takes place at a date and time when you're scheduled to work.
Something else I recommend is taking the free 7-lesson mini-course on general transcription offered by Janet Shaughnessy of Transcribe Anywhere. This will help you to understand if you're a good fit for a transcription career, what you can potentially earn, and also where to get started. Janet also has free legal transcription mini-course if you're more interested in going that route.
Most companies that hire for search engine evaluation have multiple projects available to work on, so the exact work you do might vary. However, search engine evaluation in the traditional sense involves analyzing queries that regular people like you and me might type into Google or Bing search and then determining the best possible results to match up to that query so that users have the best experience possible using a search engine.
This list offers some great ideas and inspiration for folks looking to increase their income. There’s really no reason that anyone with some ambition, a good work ethic, and “people skills” can’t earn some extra money (or a full-time income) pursuing some of these self-employment ideas. I’ve done a little research, myself, to compile a list of small business ideas, and stumbled upon a few possibilities which you didn’t cover: