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Not only can you start sourcing freelance writing gigs on the side from sites like Upwork, Cloudpeeps, and Flexjobs while holding onto your day job, but once you've built up your client base, it's a business you'll be able to run remotely from anywhere in the world. All you need is a laptop, an internet connection, and a solid list of regular employers.
Ahh the wonderful world of freelancing. Freelancing is a bit different than many of the other options on here, but it is equally as lucrative and there are many different ways to go about it. If you have a specific skill that you excel at, you can make money freelancing. And I’m not just taking about coding here. You can earn money formatting Kindle books, as a photographer, as a copy writer, as a virtual assistant or even playing Pokemon Go!.
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.
I am a somewhat longtime reader and subscriber, but you can say that I am one of the biggest failures here. I need money, I am unemployable, and I have no (ABSOLUTELY NO) marketable ideas. Any idea I might have falls in one of three categories: 1.) Too specialized in too esoteric a field, 2.) Workable if I could just get other people’s interest, which I can never do–I have tried, several times, and 3.) Stuck in a chicken and egg dilemma–I have no idea where to start. So, to restate, either the work would be useless, nobody wants it, or I have no clue what the work is. How can I even manage? Is it too late? Am I truly worthless? I hope not, because I can never get up the nerve necessary to end it all.
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.
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.
Treat your business finances like your personal finances. You should be creating and sticking to a budget for both, allowing you to make your money work best for you. It's also important during this time to sock away as much extra money in savings as you can, to prepare for the transition from your full-time corporate job, to working for yourself. This is probably the biggest mistake I made, as I quit work in a huffy with only $3k in savings.
Anyone who is artistically inclined and enjoys animals may like running a pet portraits business. For those who like to draw, paint, or work with another medium, doing commissioned portraits is a great way to earn an income creating art. Loving animals helps business owners stay interested in their work even when they’re working on animal portraits several days in a row.
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.
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
Actually I brought my Son N Law with me to work the Men’s Restroom AND HE Always made more money than me! That’s because Men always have their wallets on them and sometimes Ladies are “on a Date”..Ladies Night and get drinks free and didn’t bring cash..etc..Men need breath mints combs nice smelling colognes..Offer a hand towel and Smile and give personal service. Know the regulars by name! Bigger Tips!