On a more casual level, there are a variety of service businesses that make great side businesses. Sites like Craigslist can be a great way to put your skills to use and piece together revenue. Do you know what interviewers look for? Consider offering resume building help. Know multiple languages? Put your skills to good use and offer tutoring or language conversation lessons. Do you love animals? Advertise yourself as a dog walker for your neighborhood.
The type of business that requires active owner participation at all hours of the day may not be the best if you’re working a full-time job. For example, if you open a service business and customers want to see you during daytime hours, you’ll be limited to only your lunch break. In addition, it’s typically a bad idea to take phone calls during your full-time job or communicate via email. The best type of side business is one where you can dictate your own hours. After all, you don’t want your side business to endanger your full-time job or vice versa.
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.
You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost, will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.
Do you love to write? Are you an expert in a certain field? Is there a topic that you are particularly passionate about? People love the ability to carry knowledge around with them on their phones, tablets, laptops, and Kindles! Making eBooks is an excellent way to get your work out into the world and make a buck on the side. In fact, self-published eBooks account for 22% of all eBooks purchases in the United States (source). In time, writing eBooks could even replace your 9-5, but you’ll need to find a place to market and sell your work where it will get maximum exposure.
Be sure to consider your concept thoroughly, to test it out among friends and family members, and to secure their business as well. Be organized, commit to your plan, and hold yourself accountable. Remember, you’re your own boss in this endeavor, and need to discipline and commend yourself accordingly. And last of all, if you don’t succeed the first time around, try, try again!
Even if you have an income stream that makes up to 90% of the money. When working for yourself, you'll need something different for that other 10%. This not only provides an outlet for creativity but diversifies your income in the event something happens with that primary revenue source. Again, this may not work for everyone but for ME and MY EXPERIENCE, being able to branch out into other ways of making money besides freelance writing made my time as a solopreneur a lot more bearable.
This business is perfect for seasoned business owners or upper level managers who are looking for a career change. A business consulting firm must be experienced in business management, marketing, and team building and management. They must also understand how to generate revenue from a wide range of businesses and expand existing streams of income.
Regardless of your status, you can become a virtual yoga coach. Consider offering private lessons online via Google Hangouts or Skype; or even making and selling pre-recorded videos that your clients can follow at their own convenience. With so many people traveling for business or pleasure these days, this is a great way for them to stay connected with their practice, regardless of their physical location.
There’s a good chance you’ll underestimate how much time your activities will take and overlook additional tasks. Be organized and document your time, so that at the end of the day you’ll know exactly what you got accomplished and how long it took. If you find that the goals you set yourself are too aggressive, be flexible and adjust them to be more practical. For more tips, see these small business time management tips to increase productivity.
Live bands are paid to perform music professionally before audiences in bars, nightclubs, concerts, private parties, corporate events, and other public venues. Peripheral revenue can be generated through the sale of recordings and merchandise. In addition to the group’s musicians, ownership in the business can include its manager and anyone else with a financial stake.
Many of my readers have started proofreading from their iPads, scanning legal documents for court reporters as a result of the Proofread Anywhere eCourse I recommend. You can read some of their testimonials in the comments on this post. They offer a 7-day intro course free so you can decide if that line of work is right for you before you pursue the training.
From crafting to home repair to website design and more, if you've ever wanted to turn your hobby into a business and watch your passion generate cash, Running a Side Business is the book for you. Packed with tips, legal resources, start-up success stories and USA TODAY snapshots and infographics, you'll learn the life cycle of a business and get answers to important questions along the way. Find out how to:
Renting out an extra room sounds like a pretty smart idea. App development also sounds like a pretty good idea, I found the link you left about how Benny Hsu made 30000 in 30 days quite useful. I have always been unsure on how you can start a blog but the 6-part video that you left was very helpful to understand how better. I also liked the idea of car flipping. I think it could work quite well especially here in Hawaii. I have personally found that dividend investing to be very useful in increasing income. I was also completely shocked that you can be paid to be someone’s friend. That is crazy that you found that.