Obviously, this business is good for those who are great at taking tests and have already taken many standardized tests. It is a great business for a current or former educator, as this helps you in teaching fundamentals of test-taking to customers. Above all, it is great for those who want to improve their local community by helping people get into the universities and programs of their dreams and better themselves.
Thank you for sharing your experiences and the lessons you’ve learned along your way to financial freedom. I’ve recently been introduced to your website, and it’s one of the realest personal finance blogs I’ve ever read for our generation. I do have a question about buying and reselling tickets if you’re willing to share. What website did you use to buy these tickets? I use the most popular one…ticketma$ter, but there’s no option to resell on another website (that 3 click).
In addition to being a meticulous writer from a mechanical standpoint, you must be the kind of person who pays close attention to detail. Keep in mind, a proofreader is not the same as an editor. You’re not reviewing what your clients are trying to communicate, but rather how they write it in terms of spelling, punctuation, typographical errors, and word usage.
Once you have a regular audience (ideally in the thousands), you'll start to develop a lot of value to potential advertisers. Let's say your podcast frequently talks about life as an outdoor photographer. A natural fit would be to reach out to relevant magazines, gear companies, and camera brands to see if they'd be interested in advertising on your podcast of targeted listeners. The more niche your podcast topic, the better for future sponsorship opportunities.
Have a good understanding of how search optimization works? Put those skills to use. SEO consulting is booming and many online businesses are prepared to pay handsomely for expert advice and actionable tips that can help increase traffic and revenue. Many businesses take to Google when looking for a SEO consultant, so your first challenge is to establish a solid online presence and get your own website ranked high in the search results. Have a look at Gareth Bull’s website to get a better idea of what services you could offer and become a certified Google partner to get free access to a host of free training resources and promotional offers.
An effective social media strategy that’s focused on attracting new prospects and nurturing leads can take a lot of time to develop and implement. Let alone all the automation, optimization and engagement tools and tactics that a good social media manager needs to master. So while the majority of business owners will strive to have a presence on social media channels, only a few will know how to get the best ROI and tie their social media efforts to the bottom line. Tapping into this need and helping businesses manage their social media accounts could turn out to be a very profitable side business idea.
If writing is something you put down as one of your passions, it can definitely work. The first step in this long journey is to discover your niche – a specific theme or topic that most of your content will focus on. The three really broad but most profitable niches are money, relationships, and health and fitness. You can, of course, choose to write about anything that excites you – whether it’s walking as a hobby or upcycling. Just keep in mind that the niche you select needs to be narrow enough to keep your writing efforts focused on building authority and, at the same time, broad enough to capture the interest of a large audience.
I know of a guy who started out as a handyman. He then took that idea as a handyman and started his own blog to teach people how to fix things themselves through blogging and video tutorial. At the end of every post or video, he would tell you what tool he used to get the job done and would provide a link directly to Amazon for you to purchase that product.
Mechanical Turk operates much like TaskRabbit and GigWalk: it’s a corner online where Amazon gathers tasks to be done, people willing to do them, and people willing to pay for them. On Mechanical Turk, you get to do the oddest jobs you can imagine as an online business idea, made possible by a parallel online universe that runs on hits, visits, surveys, reviews, pins, likes, CPCs, reads, and other metrics. But don’t get too ambitious. The small sums being paid out to human Mechanical Turk users rarely add up to anything seriously substantial, even if you invest most of your spare time into it. It's a better opportunity for internationally-based people with internet access and lower costs of living than in the US. Here’s one person’s account of his former life as a Mechanical Turk talking through how he got started with this business idea and what the experience was really like.
While this suggestion could not be further from the standard small business loan, it cannot be denied that the strategy paid off. The company has now earned around $1.65 million in seed funding from Andreessen Horowitz, CrunchFund, Spark Capital and Chicago Ventures, and has been named one of the Top 5 Silicon Beach Startups to Watch by Entrepreneur.
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.
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.
The items you are selling should have some type of certification or grade so customers know that they are the real deal. You will want to have a professional storefront, which you can easily put together using the Selz store builder. Reviews are also very important in this line of business, so don’t hesitate to ask previous customers to drop you a line with their thoughts.
Before we go here, just wanted to share with you a great mindset to get into to help motivate your side hustlin’ even more. I call it the “Gigs For Goals” mindset and the idea behind it is that you attach all gigs of yours to a specific bill or a future want/need. If you can match them up to break even, you’re golden! If you fall short, you need to re-arrange your wants and/or start bringing in higher income streams to match ’em. It looks like this:
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.
Freelance Writing Tip: The best freelance writing opportunities are on ProBlogger. It’s the platform I used to find freelance work here at Oberlo. I also landed a few other top clients from the side job website. On average, the best paying freelance jobs are on there. However, if you’re just starting out, you might want to focus on building your portfolio and skillset on Fiverr, Craigslist or Upwork first as it’s easier to land your first few clients on those websites.
You need to wait until after you've chosen your business structure to finalize your name, since you may have to put an abbreviation after your name to symbolize that structure. For example, if you decide to create an LLC for your photography business, you may decide to name it "Pholly Photos," but if you've organized your business as an LLC the official name would have to be "Pholly Photos, LLC."
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.
Let’s face it, times are tough. The unemployment rate is high and the cost of gas and food prices are on the rise. Out of necessity, many people have started to look for ways to supplement their income. Some have succeeded with side business ideas while they continue to work a full-time job. But that’s a big step, and many don’t realize how much time, effort, and money it takes.
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What's more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand side business idea.
As a freelance writer, you are largely in control of the amount of work you do and the time you put into writing. Whether you use an online writer platform or another system for getting clients, you have a say in the number of pieces that you do, and, as long as you meet any deadlines set for you, you can work on these pieces whenever you have time. Therefore, it is easy to successfully manage a freelance writing business on the side of whatever else you spend time doing.
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.
I remember staying up until 2am to start my blog on a work night (and I am in bed at 9pm normally!). I was so excited, I couldn’t help myself but go all in and start. This is the type of enthusiasm that works really well with starting a side hustle. The more excited, committed, and focused you are, the more likely you’ll be disciplined and therefore, successful.
Hello and thank you for the great article. I have been reading where you can use side hustles to contribute to self-managed retirement plans (aka Self 401k). Many of these gigs seem cash based – anyone out there contributing to their own Self 401k/Sep/Easy accounts? If so, what documentation is required to support the connections between the side hustle and the contributions to the self managed retirement plan?
A photo editing business specializes in editing or retouching existing photos for clients. These services may range from simply cleaning up blemishes or lighting issues all the way to complex Photoshop work. Such a business is a major part of any community because of the constant need to have good-looking photos for publications, seasonal cards, social media profiles, and more.