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.
What I really love is the level of granular action-taking. Sure, there’s enough theory to explain why something is important, but the real value is that the book gives you something very specific to do every day that moves your quest forward. It’s these small daily steps that lead to big outcomes, and also stop you from becoming overwhelmed along the way.
Happy days are here again – or so you might assume from a recent wave of optimistic reports about the economic outlook and rising consumer confidence. But while unemployment is down, the latest labour market figures reveal a surge in part-time jobs as employers remain anxious about long-term recovery prospects, suggesting it may not be time to hang out the bunting just yet.
Many small businesses in your community could use a very basic web presence to tell others about their business. Quite often, these businesses don’t have a large budget for such things. That’s where you come in – get a bunch of clients from the local community by beating the pavement, create sites for them, and maintain them for a small fee. Get enough businesses and you have a nice side business of your own that doesn’t require a ton of maintenance time.
If you’re relatively young and in good health, this could be an option for you to add some significant income to your budget. Keep in mind, however, that this option is fraught with physical and emotional consequences; make sure you think about egg donation carefully before moving forward. This is also a process that, once you’re accepted into an egg donation program, usually takes 3-5 weeks, or longer.
Now for the completely strange and unexpected: Jon Colgan, founder and CEO of fintech startup CellBreaker, used his background in sustainability to help finance his business. “I also studied sustainability in school and became enamored of using worms to compost. As a third revenue source, I sell worms,” he says. “I discovered that happy worm populations double every 90 days. My worms are always happy. So, I started selling worms and vermicompost on Craigslist and by word-of-mouth.”
Create a formal business structure. Even if you're just starting a side business that you don't think will ever grow large enough for you to quit your main job, you still need to treat it as a serious business and follow the necessary formalities to keep it separate from your personal income and assets. In the United States and many other countries, you have the option of organizing your side business as a corporation, a limited liability company (LLC), or a sole proprietorship.
28 Market research Get paid for your opinions by signing up with sarosresearch.com and taking part in focus groups, suggests Birtles. "You get between £50-£100 cash, plus food and drink for saying what you think about products or services for a few hours. Or be the one asking the questions. Ipsos Mori offers flexible hours to people willing to do phone interviews or knock on doors to ask people questions. You make between £8-£10 an hour on average."
With made-to-order fashion going mainstream, this industry is fueling a lot of side hustle opportunities. If you know how to mend clothes, then you have a growing market of budget-conscious and personalization-obsessed customers readily available. As long as you can get your hands on a commercial-grade sewing machine, start by offering to partner with local drycleaning and laundry services in exchange for referral fees every time they send you a new customer.
OK, so I am guessing Grant was a lot like me in that very early on his goal was financial independence. I pursued a different strategy but was also very motivated. I worked for a Fortune 100 company, earned my undergraduate and MBA at night and on the weekends. I maxed out my 401K and collected all the free money that I could. I had some great jobs and traveled the world. I retired at 56 and have been enjoying life and my freedom ever since. It will always require dedication and hard work but if you want it you can earn it. But not everyone is driven and if you are not you will never achieve your goals. I am writing this while I am in Sao Paulo, Brazil one of the great foodie cities in the world, and I bet you didn’t know that either. But I know because I travel a lot!
Whoa! This list is massive. There are so many awesome side hustle ideas out there. Thank you, Nick, for bringing so many to light! You have done a lot of research here and it shows! This is a topic I love to talk about myself. I even have a list of side hustles for millennials to start this weekend here: https://missmillmag.com/career-alternatives/7-easy-side-hustles-weekend/ I would love for you to check it out.
Not only is Airbnb a great way to make money by renting out your spare bedroom or living room couch as a legitimate home-based business idea, but you also have the benefit of meeting new people and making new friends if that's your kind of thing. You can even rent out an entirely new apartment just to manage as an Airbnb side business idea, but don't make the mistake of thinking this will be a passive source of income—you're on call whenever you have a guest and you'll always need to keep the place clean for incoming visitors. On top of just renting on Airbnb, you can take this business idea to the next level by offering your guests add-on and personalized experiences for an extra charge. Take Lauren Gheysens' Airbnb-based side business idea, Royal Day Out in London, England for example—where she gives visiting tourists a local's only tour of the city, complete with bespoke 18th century costumes.
Stress management training can increase a business’ profitability by giving employees the tools they need to manage difficult emotions or particularly taxing situations. Hiring a counselor who can impart the wisdom employees need to keep their cool and maintain their quality can be a huge boost to their bottom line and it can even increase employee loyalty.
Client-based: These photographers are hired by different clients and charge a certain rate per hour or per session. Their clients range from individuals, couples, families, advertisement companies, fashion brands, travel agencies, schools and corporations, etc. For instance, wedding, portrait, and headshot photography are all client-based business models.
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Credibility is critical, so it’s imperative that you have a connections in the entertainment business. You do not need to be famous, but you need to have relationships with others in the industry, so they can verify that you have the knowledge needed to teach others the art of acting. If your specialization is in film acting training, you should be a current or retired film or television actor, director, casting director or have similar industry experience. If you’re teaching commercial acting, you should have experience as a commercial actor, director or on the ad agency commercial production side. Your reputation in the acting community and how you promote your credentials will be critical to your success.
Great read Lauren, always looking for extra ways to make cash. I just wanted to share something I’ve been doing recently. I run an office and have noticed that unused toner was piling up in storage. Looked into returning but that was no good. Tried out the site http://www.tonerconnect.net/ and was impressed. They had quick service and that payout was nice.
Blogging is one of the best side hustle jobs. It allows you to build a personal brand while owning your own asset. You can even write about your passions. Having a singular niche that you write about such as yoga, business, beauty, or cars allows you to build an audience who shares the exact same interest due to the singular focus. You can monetize your blog in a few ways: affiliate links, sponsored posts, or adding a shop link where you sell dropshipping products.
Blogging Tip: If you’re passionate about blogging, create an online store that you can monetize and add a blog onto it. This allows you to start monetizing your asset before you’ve built your audience. Plus, the combination of content and commerce is a powerful one. As your blog grows, you can use retargeting ads to monetize your blog traffic to land even more sales. If you pump out regular, quality content you’ll quite possibly have a few home run posts that bring you a ton of traffic that’ll be easier to monetize than if you were hoping for a few affiliate sales.
There are amazing benefits to working remotely, from decreased stress to higher engagement. It’s definitely easier to show up to work if you’re not dreading the commute, or if you’re in an environment that fosters your creativity and motivation. Remote work benefits employers, too — They report lower costs, higher productivity, and more productive employees.
It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that'll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you'll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, according to CNBC.
You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost, will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.
An Amazon drop shipping business is essentially a middleman between customers who want to purchase products and businesses that sell them. A drop shipper will receive orders from customers, purchase those products from a separate retailer, and then ship those products directly to customers. This helps eliminate some of the costs and time associated with traditional distribution channels.
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.
11 Computer repairer/troubleshooter Despite the proliferation of technology in our lives, many people still find computers complicated to maintain and terrifying if they go wrong. If you have a reassuring manner and are not fazed by the inner workings of a PC, offer your services locally and let word of mouth do the rest. "I had some success doing this in the past," says Hamm.
A college planning business’ volume is very seasonal. In the fall, most high school seniors begin to seriously consider which college they’ll be attending. As this is such a big decision, many students stress over which college is the right choice for them. This is where you come in. Since peak demand is in the fall, this business won’t require too much of your time throughout the year, making it a convenient side business that’ll also prove lucrative.
Christy Wright is a Certified Business Coach and Ramsey Personality with a passion for equipping women with the knowledge and steps they need to successfully run and grow a side business. Since joining Ramsey Solutions in 2009, she has spoken to thousands across the country at women’s conferences, national business conferences and Fortune 500 companies. You can follow Christy on Twitter at @ChristyBWright, online at businessboutique.com, or facebook.com/OfficialChristyWright.
These could include candles, tablecloths, center pieces, napkins, balloons- really anything you can come up with to make the perfect wedding day. Think of it as all of the last minute supplies that the happy couple dreads having to get after all their planning. That’s where you come in as a one-stop-shop. You can combine shipping or offer specials on certain products at various times of the year.
There are at least three teenage entrepreneurs who’ve already earned astonishing amounts of money by launching hand-made jewelry business ideas: M3 Girl Designs’ Maddie Bradshaw, Bella Weems of Origami Owl, and the girl behind DesignedByLei. With the industry set to shine in the near term via a brisk annual growth rate of 5-6%, the market is ripe for new entrants to this business idea who can offer sparkling new takes on how to craft appealing handmade goods.
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.
Whether you are looking to boost your income, pay off debt, or increase your savings, side hustles might be exactly what you need. A side hustle is a second job that not only brings in money but also allows you the flexibility to work your full time, regular job. Any of these 24 awesome side hustles can give you the income you need while also working a full time job.
It sounds too good to be true—getting paid to represent your favorite brands at events across the nation. But, if you have a friendly and outgoing personality (a growing social media following helps too), you can forge a potentially paid relationship as a brand ambassador with companies who want to reach other people within your community with this side business idea. As a Brand Ambassador, you do anything from demoing the latest technology, to passing out free swag at music festivals, to going on nationwide tours, to pumping people up as a mascot, and more. Depending upon the gig, you can expect to earn anywhere from $18-$100/hr. You can get started as early as this weekend by joining the Brand Ambassador Facebook group for your nearest major city (e.g. join the "Brand Ambassadors of Seattle" group if you live in/near Seattle). Once you've been approved to the group, you'll get access to daily job postings from big brands and agencies with opportunities in your area. All you need to do is submit your resume and headshot to apply. For a step-by-step guide on how to get hired for the best gigs and the highest pay rates, I recommend checking out The Brand Ambassador Blueprint.
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.
That's why I'm a huge advocate of always starting a side business while working full-time, so that you can test your way into your new product or service, get feedback, validate the business idea, and start generating income before you quit your job. If you can master the art of scaling a side business idea while keeping your day job, you'll have no trouble succeeding once you're fully self-employed.
Have some extra space in your home? Turn that extra bedroom into a “bed and breakfast” room. If you live near any sort of tourist destination, you can try your hand at renting out a room through Airbnb or CouchSurfing.com. You may also find paid hosting opportunities in your community: Sign up to host exchange students, visiting professors to a nearby college, or hospital patients receiving long-term treatment.
Selling Information Product Tip: With this side hustle, focus on niches where people have a huge problem they need to solve. If you’re in the fitness niche, you can create a fitness workout course or a diet plan with recipes ebook. If people are desperately trying to solve a burning problem, there’s an opportunity to provide value by helping them solve that problem. The content you create can guide them towards a solution. Best part: you could make money while helping people.
I struggled with creating spreadsheets to track my progress because it’s the least sexiest thing about blogging (for me, anyways!). But since I started doing it the right way, and checking in to update my progress every Sunday night, I can evaluate what’s working and what’s not. The results have been amazing. I wouldn’t be able to get this type of insight without tracking my numbers.
Gardening is a popular pastime for many people, and a growing segment of the population is working to grow fruits and vegetables of their own. If you have a green thumb, this might be the perfect side business idea for you. First, decide what kinds of gardening supplies you will be selling. Do you want to stick with seeds, plants, plant food, and fertilizer; or are you interested in selling equipment such as shovels, rakes, and hoses?
The type of business that requires active owner participation at all hours of the day may not be the best if you’re working a full-time job. For example, if you open a service business and customers want to see you during daytime hours, you’ll be limited to only your lunch break. In addition, it’s typically a bad idea to take phone calls during your full-time job or communicate via email. The best type of side business is one where you can dictate your own hours. After all, you don’t want your side business to endanger your full-time job or vice versa.
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