Does your job offer you the flexibility and adequate revenue to help you fund your startup? If so, you might be set. While you can certainly supplement your income by combining your day job with one of these side businesses, consider thinking of your full time employment as a means to an end, and focusing any extra income after living expenses into your startup.
A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that'll keep you outdoors and moving your body on the weekends.
A test prep business often helps prepare customers for tests such as the SAT, ACT, GRE, MCAT, and LSAT. The business may also help customers prepare for other tests. You may instruct clients by themselves or as part of a group. Your business may be located in a separate office, or you may visit clients; alternately, you may conduct lessons entirely online via services such as Skype.
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
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.
Obviously some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week. I also tried to focus on side business ideas that have some sort of online component to them, since that's what I love most.
Use a platform like ACX to create and sell audiobooks on platforms like Audible and iTunes. If you have a great idea for a non-fiction audiobook where you can teach a difficult skill like stock trading, foreign currency investing, accounting, online marketing or others, you can easily create a five-figure monthly income with the right volume of audiobooks.
If you enjoy writing, find a topic you’re passionate about and start a website dedicated to covering that topic and anything else interesting you want to talk about. All you need is a computer, some time, and some energy to consistently write. It can start as a hobby and turn into a business over time. And blog hosting can cost less than $12 per month.
This kind of goes with Amazon, eBay and Craigslist selling but dumpster diving is a good source of products to sell. I have found a few dumpsters in my area that regularly throw out valuable items I sell on one of the previously mentioned sites. My first week I found a large box of brand new toner bottles that cost $2400 on Amazon. I sold them for nearly $18oo individually over the couse of a month. Printing companies are good sources. I have gotten multiple printers, some working and some not but these are not $100 Walmart printers so even broken they can sell for enough to make it worth it or you can part it out too.
Great read Lauren, always looking for extra ways to make cash. I just wanted to share something I’ve been doing recently. I run an office and have noticed that unused toner was piling up in storage. Looked into returning but that was no good. Tried out the site http://www.tonerconnect.net/ and was impressed. They had quick service and that payout was nice.
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.
One thing I tell people about the online side hustle is that it’s going to take a good while until they start seeing good money by working from home or anywhere on their laptop with their side hustle business. This is why a bridge job is good for some people to have while they’re working on side hustle entrepreneurship. I’m so happy to hear that some side hustlers that started out with next to nothing online with very little to their life savings ended up becoming Internet millionaires. Some Internet millionaires world on food stamps, unemployment, living at home with their parents, unemployable, and the list goes on.
If you plan on launching an eCommerce startup, eBay is also a great way to test the waters with your business idea. Before launching his vintage T-shirt business Defunkd, James Applegath sold his vintage tees on eBay, as a way to determine if there was a market for the business. “EBay and other marketplace platforms are an excellent way to test how your business will perform prior to launching a startup,” he says, and adds that the funds you generate through this avenue will also help you in starting your business.
I didn't even know if I were capable of "creating a second income," but I feel confident, after reading this book, that yes, indeed, I can do just that. The book is divided by chapters, then sections of chapters, such as "Starting the Right Side Business," and then goes on to list and provide information about common side businesses that one might consider when choosing the right one for oneself.
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.
An Amazon drop shipping business is essentially a middleman between customers who want to purchase products and businesses that sell them. A drop shipper will receive orders from customers, purchase those products from a separate retailer, and then ship those products directly to customers. This helps eliminate some of the costs and time associated with traditional distribution channels.
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.
If you own a car but barely use it, you can make some easy cash as an effortless side business idea by renting it out on Turo. Before you freak out, know that there’s a $1 Million insurance policy on all cars, plus drivers are prescreened, so you can have peace of mind. Closely related to renting out your car is another new service I recently came across (available only in the UK at the moment) called YourParkingSpace where you can sign up to list your available parking space through the app, and earn when people decide to use your spot.
Thanks Steven. I’m all about fresh air! I run all of my side hustles through an LLC, so I can also take some deductions come tax time. It’s a win-win. I also do my best to pay quarterly taxes on the income, but sometimes really misjudge based on cash flow. I’ve gotten stuck with a few pretty big tax bills, but now I’ve gotten a better handle on it. LLCs are pretty amazing.
Selling Information Product Tip: With this side hustle, focus on niches where people have a huge problem they need to solve. If you’re in the fitness niche, you can create a fitness workout course or a diet plan with recipes ebook. If people are desperately trying to solve a burning problem, there’s an opportunity to provide value by helping them solve that problem. The content you create can guide them towards a solution. Best part: you could make money while helping people.
Any good idea will work online for a blog or website topic. And here’s why. As long as you’re creating lots and lots of content, engaging with people meaningfully, bringing people together online, and offering a quality product or service will help your blog or website grow beyond imagination. You just have to stay on track with creating quality content and showing up on social networks. This way, people will feel compelled to share your content on their social profiles which will in turn give you free advertising and increased revenue potential from the energy of others.
You can have your own store up in only a few minutes at eBay. To start, you must have a seller account, must be verified through PayPal. You are even able to give a detailed description of your store with a catchy design to attract customers. I have a friend who will buy all of the unused bras at a last chance type of store and resell them for a profit at her eBay store. Last I heard, she was doing $1,000/month in her first couple of months.
Do you play a musical instrument well enough to teach it to others? How about taking your skills at producing music or sound design and teaching others as a service-based business idea based on your experience? Private music instructors in all disciplines charge upwards of $20-100/hr (or more depending upon skill and experience), and you don’t necessarily have to do them in person, either. This makes for a great side business idea that can channel your passion for music into profits.
If you enjoy working from your laptop, then becoming a virtual assistant may be exactly what you need. We use a few virtual assistants for Money Peach and one of them earns over $10,000 per month as a VA. Other places where you can become a virtual assistant for an agency where they find work for your is Upwork. They take a 10% fee, but 90% is still a great side hustle.
Sometimes typos can be funny, but most of the time they’re simply embarrassing and damaging to the brand. As long as we’re consuming written content, editing and proofreading will remain a highly-needed and often well-paid skill. If you have an eye for detail and a keen interest in reading, this might be a perfect side business idea for you. In fact, a great number of digital nomads have been funding their world travels entirely through picking up freelance editing and proofreading jobs. So sharpen your pencil and help to make the world a grammar-friendly place!
Comon’ man… this article is about getting YOUR side hustle ON. Re-read the gianormous list Nick gave, then read ALL the comments – many of which offer additional ideas – and then rethink how little you have to offer or can do. I mean, it’s just not possible for you to feel that lost if you really consider the list provided and the vast world of opportunity we currently live in. Unfortunately ALL the ideas require you to actually DO something – no room for the wallowing “woe is me” attitude – sorry, just dropping some TRUTH on you but sounds like you need it. Only YOU can make it happen for you. Remember the sobering and sage words of Henry Ford, “Whether you think you can or you think you can’t, you’re right!” So which is it going to be for you?
There’s a big difference between drinking beer and learning how to brew it. But, with patience and a bit of persistence, brewing it yourself could result in something special over time as you perfect your craft. Pick up a starter kit, like one from Mr. Beer and get creative about finding a winning flavor combination. Start small by setting up a booth at a local street fair and networking with local restaurant owners. Be sure to brush up on local regulations and proper licensing before you start selling.
A fun little way to personalize things around the home and office, magnets are also practical tools for attaching notes to the fridge and highlighting your to-do list at work. You can create your own magnets from scratch or you can purchase magnets from a wholesale vendor online. It just depends on how much time and money you want to put into this side business idea.
If you’re particularly adept at a subject and you find teaching to be a rewarding experience, a home tutoring business is a great way to supplement your income without taking up too much time. Tutors often charge between $30 and $40 an hour and with 3 students a day for 5 days a week, you can supplement your gross income in the amount of $450-$600.
Dropshipping Tip: Want to start your own dropshipping business? Sign up for Oberlo on Shopify. The Oberlo app allows you to choose from millions of products that you can start selling on your store today. Plus, it automates several parts of the business process. You can add products in a simple one click and process orders with the same swift action.
I started this blog in February of ’08 simply as a hobby, and two years later it became my full-time “job.” when I realized there was money to be made (a total fluke that I jumped all over!) Now, 4 years after that, here we still are and having the time of my life. So you really never know what opportunities are around the corner when you start hustling. But you do need to grab them when they cross your path.
Affiliate marketing is the ideal way for any side hustle or to prosper. All they have to do is start a blog or website, preferably a self hosted WordPress blog, and start discussing a niche topic they’re passionate about. One thing I tell people about starting up a business online is a side hustle is that you have to be passionate about what you’re doing and not look at it as a second job. If a person loves doing what they’re doing as a hobby, it’ll transform into a full-time business and not only be more successful than hoped for, but will most likely end up becoming a millionaire and inspiring others to follow their lead. Becoming a millionaire is one thing. Appreciating the process and being thankful for the learning experiences is another.