If you're operating your business as a sole proprietorship in the United States, you don't technically need an EIN for the business – you can file taxes for your business along with your personal taxes. However, you may want one if you want to open a bank account for your business, or if you don't want your Social Security number to appear on business documents.
It’s likely you’ve developed valuable skills and expertise within your industry that would be of great interest and help to aspiring entrepreneurs, startups and small businesses. Becoming a business coach or consultant is easier than it sounds – once you’re able to demonstrate your achievements, whether in the form of case studies, client testimonials, free sessions, value-filled content or other avenues, you’re bound to receive business opportunities that you can explore in your spare time. Every skill from inbound marketing, to cold calling, to bookkeeping can be monetized if you target the right audience and learn to promote yourself. Don’t be afraid to get out there and offer your help free of charge at first to get the ball rolling.
There's a misconception that keeps those with dreams of owning their own business from following their dreams. It's a misconception that's not only false but dangerous to the small business community. It's not true that every entrepreneur sits in a rundown apartment somewhere in Silicon Valley, eats boxes of cheap mac-and-cheese and stays up all night building the next big startup. Most entrepreneurs aren't living in poverty hoping to someday sign the papers for millions of dollars in funding only to see their dreams become the next worldwide craze.
Although you can still build a niche website around your personal passion, it is typically a more calculated affair. You gear all your efforts towards establishing multiple income sources and earning money rather than getting the satisfaction of following your hobbies and interests. You might be a huge fan of Queen’s music, but if there’s no money to be made off this, you won’t pursue the idea as a side gig.
Enamel pins are back and they are popular! Selling enamel pins online is one of the side business ideas we are most excited about. The first step will be figuring out your audience- who are you going to sell these pins to? Next, you will need to come up with a unique design. Think long term here. You want a design that will still be popular six months down the road, or your hard work will have been for nothing.
This step is more for someone who does online writing/blogging as their side business. For bloggers, a content calendar is a godsend and is something you should be doing every month (in my opinion.) If you run a small business or online store, calendars can help you complete priority tasks, keep up with email marketing and social promotions. Even if you don't blog, you need to have some type of calendar for all of the marketing activity you're doing to, well, market your business.
I’ve always been interested in the idea of self-publishing, but I am not entirely sure how to do that. I’ve researched it and created an account on Amazon, but how do I know that I can trust the cite with my bank account. I’m also not sure how to know what price I should sale my book at. The tax information is confusing for me too. I am not a numbers person. Just getting through reading all the terms and conditions of publishing on Amazon took me a while. Any advice?
From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.
I’m not saying that walking dogs for a few hundred extra bucks a month so you can invest isn’t worth doing. It definitely is and you don’t have to side hustle to scale – any additional money you make and invest will help you walk away sooner. I’m just saying that before you start side hustling or pick your next side hustle, just understand that you really can make a ton of money doing it with the right mindset and strategy.
If you’ve got a camera and some basic Photoshop skills, photography can become your side hustle. If you like taking pictures of your city, you can sell your photography to your local publications such as city newspaper or blog. Sites like Foap allow you to sell your phone pictures on their platform and you can earn money with every photo you sell. If you’d rather not make money with your pictures, you can add your photography to products like canvases, t-shirts, and phone cases to make even more money. And if that’s not enough, you can even seek clients to venture into wedding photography, pet photography or product photography.
This job is primarily successful for those who already use eBay extensively. At the end of the day, eBay is like any other market, and success requires being competitive in a market filled with other sellers. As such, being familiar with how other sellers price and describe similar products to your own merchandise will help you hit the ground running when you begin selling. The business is also ideal for those who enjoy a flexible schedule and are motivated self-starters.
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.
Christmas, Halloween, Easter, Yuletide, Hanukkah, Valentine’s Day, Chinese New Year, 4th of July, Mother’s Day. There are a ton of traditional holidays that count as solid reasons to explore the side business idea of crafting and selling seasonal decorations. After all, people and businesses pay good money for them. In fact, total sales of Christmas trees in the U.S. alone amounted to a whopping $1.04 billion in 2014. And you still have holiday lights, nativity scenes, crafted hangings, baskets, wreaths, and other decorations to cover, making this a potentially year-round seasonal side business idea.
You can sign up for free at Rentafriend to be someone else friend both part-time and full-time with pay between $20/hr – $50/hr. Yes, this sounds very strange from the outside looking in, but a lot of times you are helping someone get acquainted in a new town, meet a new group of friends, or simply have a cup of coffee with. Most importantly – friendship is always platonic (no touching).
So, you have a great idea for a new business? The thing is, getting started isn’t as straightforward as some people make it sound. What if you need a little help getting it off the ground? In addition to creating a solid business plan, marketing your business, and a host of other details you’ll be considering, a lot of your time will probably be spent thinking about how to fund your new venture.
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye's awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
If editing and advising college students on how to write compelling 500 word essays on topics such as "You were just invited to speak at the White House. Write your speech," seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.
Crafts are a great way for parents to entertain their children and encourage them to be creative, but it’s not always easy to come up with new projects in the moment. Selling templates of images that children can trace or attempt to draw on their own can be a fun side business and a popular product. You can put together themed template-books, along with guides that teach children how to make various types of crafts.
My events are seasonal (May-December here in Massachusetts) and some vendor fees need to be paid months ahead of time to secure a space in a well attended show. This is a great opportunity for peer to peer lending! My best fairs cost between $125 to $250 to get in, but I can make $1200 or more at those shows. My 2 sisters invest in my biz early in the year so I can pay those vendor fees during my slow season (Jan-May) when I don’t have much income from my biz. I pay 10% interest on their investment, which is usually about $1500, and pay them back by the end of December. 10% is much more than they would get leaving that money in their bank account. If I had the funding, I would go to farmers markets and fairs and talk to the crafters/vendors about my peer to peer lending services because most of the vendors I know struggle with paying those fees which are due during their slow season.