If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
The photo booth business is perfect for any person who likes photography. Whether you’re a photographer, a framer, a painter or simply love taking pictures of others, you can establish a photo booth business to give customers the chance to take their own pictures. Operating a photo booth does take some familiarity with camera settings like ISO, aperture, and shutter speed. The ideal photo booth business owner will also have a solid software foundation. It takes time to hook everything up, but it’s certainly worth the effort when customers are satisfied.
If you love to create art of any kind, you could be making a little side-income with your talent. Custom, one-of-a-kind paintings are popular decorations, and many people are willing to pay for unique works. This side business idea is great, because it takes something you love (and would probably be doing anyway) and turns it into a source of income.
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.
Remember my earlier post about breakfast burritos? Making meals in advance is a great way to save money for yourself – but you can often prepare these for others as well and sell them for a markup. Prepare eight casseroles, for example, then sell six of them to cover your costs, and you’ve got two free dinners for your family (and maybe a bit more). You can grow this by taking orders from others and finding out what they like.
As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you're getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.
Did you know you can rent your room or house out at Airbnb? They have been around since 2008 and millions of people have been renting out their rooms or entire homes to travelers from all over the world. If you do this right, you may be able to cover your entire mortgage! If you’re going to be gone for a month or two, you may as well allow your space to make money while you’re gone.
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!
If you have experience with marketing, SEO or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results as your side business idea. Businesses of all sizes are in constant need of bringing in more customers, which is where you come in with your business idea. Start by pitching some of these small business marketing ideas by Brian Downard and you'll be sure to impress the first set of clients you begin working with in your area.
It is amazing how this book has covered everything....everything you might need to know about generating income, searching for what may fit you, managing the funds, protecting your income, avoiding legalities, incorporating legalities, marketing, finances, and types of side businesses. You simply cannot go wrong, as there is just too much information.
The opportunity to cash in on this adventure is still valid but only if you play smart. Buying and selling domain names is a great side business idea for entrepreneurs with strong research skills. Understanding the audience you want to sell to and being able to recognise valuable domain names are the key drivers behind the success of this business and the knowledge comes only with careful research and testing. Check out Sedo, one of the most popular domain marketplaces, to get a better insight into pricing and trends.
Have you cracked the code for landing higher paying jobs at the drop of a hat? If you have a knack for helping your friends or co-workers navigate the process of finding their dream job, nailing an interview, negotiating a better salary or getting a raise at their current day job, other people would be willing to pay for your help too—making this a great side business idea that doesn't take too much time. Get started by sharing your advice on a personal blog and becoming a career coach on platforms like The Muse and Coach Me where there's already an existing audience of people looking to make a move in their careers. From there, keep your focus on helping people get real results, building case studies to support this side business idea, and eventually charging for the results you're delivering clients.
Using your skills for profit is a common trend with all of the best side business ideas. If you're an expert at something, there's likely an audience of people online who would be willing to pay to become an expert in your field—just like you. If you want to take your skills and turn them into an online course that teaches others how to get the same results you've achieved in your life, career, or business, start with How to Create an Awesome Online Course on Udemy, where instructor Miguel Hernandez covers how he makes over $90,000/yr teaching online. You'll learn from more than 8 hours of video instruction.
With more of us working fewer hours and with a resulting earnings gap to close, there's arguably never been a better time to set up a business you can run in your spare time from home. Whether it's to help make ends meet, or to follow your passion, or maybe even both, we've asked the experts to come up with 50 practical and cheap ways to make some extra cash.
Freelance web developers are some of the most sought-after experts online. No business imagines its future without a well-functioning website and let’s not forget about growing market for apps based on artificial intelligence. If you have the right skills and experience in place, then this is your golden ticket to kicking off a successful online side business. Use freelance marketplaces like PeoplePerHour or Upwork to generate leads and pick up freelance projects, but be sure to have your own website with a balanced portfolio that you can show when pitching to new clients. If you’re only thinking about acquiring web development skills, there’s a ton of free resources that you should explore.
Most people, even those many won’t admit it, love moving their bodies. It's also a great workout. If at some point in your life, you had to hang your dancing shoes for a more sensible office job, there's nothing stopping you from earning money with this side business idea as a passion project around your day job. Part-time dance instructors get a fraction of the pie that their full-time peers enjoy, but it can add up to hundreds each week if you're consistent—making for a great side business idea to those with the skills and drive.
I’ve heard this (okay, I’ve been that person) so many times. There is so much mythology and complexity around what it takes to go from idea to income. In the world of entrepreneurship, the lore has become, “you’ve gotta be all-in, all the time” if you want to succeed. Truth is, that’s a complete fiction. And, what if you don’t so much want to built the next mega-company, but instead would love to just do something you enjoy on the side that also happens to generate a nice bit of extra cash?
Another flexible non-phone option in the educational field is test scoring. There are a few reputable companies that do hire home-based workers to score everything from standardized tests to essays. Before you apply, you should know that ETS and Pearson (listed below) do require that you have certain qualifications and/or past teaching experience before they'll let you become a scorer. WriteScore on the other hand requires just a two-year college degree.
I didn’t launch Millennial Money to make money. I launched it because I really like thinking and writing about money. I also feel like it’s my personal mission to share sound financial advice and spread financial literacy. It just so happens that pretty much everything I get interested in turns into a business opportunity. The money from the blog is simply a by-product of my passion for writing. If you don’t enjoy writing then don’t start a blog – you really have to love writing.
Sometimes it seems like there’s an app for everything. Yet somehow, new ones keep popping up and selling for lots of money, all the time. If you spot a niche that hasn’t been filled to its potential just yet, and you can learn the coding skills (or know someone who already has them), you could be on to something with this side business idea. Today, it's even possible to build an app without any coding skills whatsoever. Just make sure you validate your app idea before jumping too far in. Even if your app business idea doesn't pan out to be a best-seller, you'll still pick up valuable skills.
I’ve had other acquaintances buy the rights to unpopular songs or jingles and collect on royalties, others who buy Youtube channels or Instagram accounts, and still others who buy Amazon businesses. The list of existing assets you can buy are practically endless, and if you have one or two ideas for improving an asset, you could have a winner on your hands.
This list offers some great ideas and inspiration for folks looking to increase their income. There’s really no reason that anyone with some ambition, a good work ethic, and “people skills” can’t earn some extra money (or a full-time income) pursuing some of these self-employment ideas. I’ve done a little research, myself, to compile a list of small business ideas, and stumbled upon a few possibilities which you didn’t cover: