In the last few years, I’ve created online courses, launched a self-published book (under a fake name—not proud of this one), done marketing consulting, launched an email course, Airbnb-ed my apartment, traded stocks, bought cryptocurrency (my best investment to date), bought a condo and put it on Airbnb, wrote a book (a better one), bought a business, put affiliate links on my site, given paid talks, written book summaries, and built an affiliate site for a basketball dribbling course I never took (also not proud of this one).
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.
Employed techies planning to earn some extra side income can leverage their software and hardware skills by offering home-based computer repair services as a business idea that engages their passion. If this rings a bell, you can start with a modest one-man tech team before envisioning a scaled-up operation as massive as Geek Squad. Remember, you can provide home service locally as a starting point to this business idea, as well as offer remote support through online messaging and video calling services before making your way into a retail setting.
Are you passionate about making some extra money online? Do you have a talent that you would like to share with others? If so, then we can help you get rolling on some side business ideas that you can start today. Sometimes the things we love the most, our hobbies or favorite past-times, can become a source of income. Who doesn’t want to make money from something they love to do?
The pros of starting a music lessons business as a side business are very similar to a foreign language business. Assuming you know how to play an instrument and enjoy teaching others, you have everything necessary to start giving lessons. Music lessons businesses are easy to run out of your own home, according to your own schedule, so doing it on the side will not hinder the success you may find.
Painting house numbers on the curb – sales pitch is that it’s a safety benefit (fire, ambulance can find you faster), a convenience (particularly reflective numbers that help at night), even a legal requirement (in some towns). Capitalization super low. Add to your number-stencil inventory ones for locally popular sports teams, offering colors that declare team loyalty. Branch into mailboxes, mailbox posts, on-house numbers. If someone has missing or illegible numbers chances are it has been an irritant but not a priority – easier to sell something that scratches an itch. Outright artistic renditions or legible!-but-fancy fonts more practical on mailboxes. Fairly affordable capitalization to branch into outright replacement mailboxes, posts. Great earning opportunity for youngsters right in their own neighborhood.
Forget content marketing, video is the new king. Creative and video agencies charge gazillions of dollars for high-end production, so there’s a lot of demand for budget services. If you know your way around video editing software, this is a great opportunity to make some extra cash. Combine this skill with a voiceover service and you have the beginnings of a promising online venture. Many businesses and private clients are looking for video editors on freelance marketplaces, such as PeoplePerHour, Upwork and Freelancer, but you can also get extra exposure and generate profit by setting up a YouTube channel and creating some value-driven video content.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world's largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology. Then, after you're able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you're able to find an audience that loves your products.
When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests. It starts with learning how to discover your strengths as an entrepreneur, and it's how I make sure I'll be engaged, even when the going gets rough. I learned this the hard way when I decided to start a freelance business a few years ago to offer my freelance content marketing services.
To market yourself as a consultant, you will, of course, have to be an expert in something. But, as Brett rightly says, “most people starting a business are.” What are you good at? What skills from your career can translate over into a viable consulting business? Think about your previous duties and areas in which you have excelled, and go from there.