If your mastery of another language is good enough to have the grammar and spelling down, translating is a great side business idea to set up for yourself and can even be done remotely. Flexjobs has literally hundreds of freelance, remote translator jobs available right now and if you're looking to land more remote work on the side of your other pursuits, check out my guide—how to get a remote job (this weekend).
First, decide the composition of your target audience. Are you going to focus on aging skin-care products, or cosmetics for teens and tweens? Do you want to hit the burgeoning natural product market? Once you have a sense of who you are selling to, you will need to decide if you want to make your own products, or work and receive commission from a larger company.
That’s my plan. No kids, no spouse, parents deceased. I’ll never be able to retire. On PSLF, but forgiveness not approved until 120th payment. Many are not being forgiven now. I take courses to stay in deferment. FedLoan bases payment on gross; not net. How does that make any sense?! After bills I can’t afford the payment. I have 3 grad degrees. Was supposed to be a psychologist. APA & NCE won’t accept my 15yo degrees for the national exam. So I teach at a CC. Over 180,000 in debt now and it grows monthly.
Choosing the path of entrepreneurship, and working on your side business idea, is without a doubt riskier than being content with holding a 9-5 job. It requires way more sacrifice. However, once you’re reaping the lifestyle benefits of being your own boss and hustling your way into making significantly more money with your business idea than you ever could at your day job, the hard work will have all been worth it. So, let’s talk business ideas.
Anyone who is artistically inclined and enjoys animals may like running a pet portraits business. For those who like to draw, paint, or work with another medium, doing commissioned portraits is a great way to earn an income creating art. Loving animals helps business owners stay interested in their work even when they’re working on animal portraits several days in a row.
When you’re operating a business part-time, realize it probably won’t grow as fast as a full-time business would. Many side business owners get discouraged because it takes so long for their businesses to grow. Generally, a business’ growth is directly proportional to the amount of time put into it. So when you can only put in a few hours a day plus weekends, it will take longer to get up to speed.
“The essential guide for anyone who wants to create more freedom, opportunity, and security by launching a profitable side hustle” On his popular podcast, Chris often says, “Inspiration is good, but inspiration combined with action is so much better,” and Side Hustle provides both. It’s packed with practical tips and strategies—illustrated by compelling stories of real-life hustles—that will inspire readers to start their side hustles now. “- Gretchen Rubin, bestselling author of The Four Tendencies and The Happiness Project
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 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.
If trends hold steady, there will be an estimated 6 billion smartphones in the world by 2020. This is an incredible opportunity for those who want to break into this market, as there will be increased demand for products to protect these expensive investments from dents, scratches, and breaks. The majority of phone cases are sold online to decrease overhead costs. However, retail storefronts can be a good investment for entrepreneurs depending on the target customers.
I can’t say enough about dog walking and pet sitting. I’ve been doing this for over two years, and my business has grown to the point where I was only home 4 days last May. The place I’m at now has a pool, and the next place has a pool table. I love dogs but can’t have one of my own, so I also get all the puppy snuggles I could want. And the startup cost is very low.