Make sure your intended market is broad enough to sustain the business. Many new business owners mistakenly offer a product or service that only a select few want, without specifically targeting that market. Especially with a side business, it helps to have a broad audience. But even if your market is niche, make sure it’s large enough to sustain your business. Remember, your marketing efforts may be limited and you’ll need to reach more people with less effort.
Stop driving for Uber and wasting your time. I’ve talked with too many people who tell me that they want to be career Uber drivers, despite that fact that Uber is clearly trying to replace all drivers with robots. Also, I see too many people trying to side hustle on Fiverr and websites where the only way they can compete is on price – essentially offering a commodity product. It is very hard to get ahead in life if you offer a commodity product at a low price.
Additionally, business owners who start this type of business are in good company. Not only do many people have successful children’s book businesses today, but one of the most successful children’s authors in modern history began by self-publishing her work. Beatrix Potter funded the first runs of both Peter Rabbit and The Tailor of Gloucester. The two stories are popular even to this day.
If you have an idea and can help people, pay attention. Whether it is motivating someone, helping them pass a class, or teaching them how to build a website, this can all be done online. Setup you’re pricing, terms, and accept payment through something as simple as PayPal and you are on your way. I recommend using Skype or Google Hangouts since it is 100% free. Help someone and get paid – genius.
Are you an accomplished instrumentalist or vocalist? Have you played in a band or a symphony? Even if you just play as a hobby, selling music lessons online can be a great way to help people explore their passions and make yourself some money on the side. Parents often seek out professionals to help their children learn how to play a specific instrument, and virtual music coaches are becoming more and more popular.
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.
Although babysitting is not a new business venture, the earning potential, as well as the technical aspects of the business have increased exponentially in recent years. Demand for qualified and reliable individuals to monitor and interact with children is growing daily. This service is generally provided either at the client’s residence, but can be offered in hotels, event venues, or in the babysitter’s home.
36 Pet minding/walking "Dog-walking is a fantastic earner if you love animals and enjoy the outdoors," says Birtles. "On average you can make between £10-£15 per hour, per dog." Get good and you can be walking two or more at a time. Offer pet-minding as well and you can make a whole business out of it. "You'll need public liability insurance in case something happens to the dogs or members of the public," she warns.
As you can see, you don't have to spend thousands of dollars to start a side business. The 11 ideas above only scratch the surface of the types of side business you can start to make extra money. Plus, who knows? You might even be able to turn your side hustle into a full-time career today. Start small with an equally small investment, and see where it takes you!
Thank you so much for this list. I have been deliberating on starting a consulting/coaching business for so long now (2 years). I am not working at the moment as I took a career break after my MBA to start a family and now look after my child. Consulting for SME’s has always been my passion, it was actually my MBA long term goal but since I am yet to attain my short term goal (getting a job and more experience) I am hesitant to start my coaching business. My fear of not starting has been around how a new employer will perceive me when I am ready to go back to work. Are there people who openly run a side hustle and their employers know? I am in the UK and currently starting to look for a job but it is taking longer than expected, I also would like to know how this applies in the USA as I will be moving over in two years. Can you advice, anyone with experience in both markets please advice.
Drop shipping is an eCommerce model where you buy products from a supplier who then ships the items directly to your customer. This is ideal because it mitigates the age old problem of sinking $5,000 in your first batch of inventory that may end up collecting dust in your garage (while you eat the cost). Instead, you list your supplier’s inventory on your site and when an order rolls in they handle all of the shipping and logistics while you collect the profits.
Freelancing can be an excellent way to take your existing skills and channel them in a direction that can generate income. Are you a writer? Consider using freelance writing to fund your startup. Flexible hours, ability to work from anywhere, and virtually no materials needed beyond your computer and internet access—freelancing is a dream side business.
If keeping your home organized comes naturally and you enjoy helping other people, consider becoming a professional organizer as a side business idea. As the need for baby boomers to start downsizing grows, you can use your organizing and decluttering skills to start making an industry standard $50-125 an hour with very little startup costs and some free expert advice from Jen Kilbourne. Believe it or not, pro organizers don't just work with hoarders. More and more people are hiring professional organizers in order stop wasting time and money due to the stress of everyday disorganization. What's even better, is that you can take this on as a side business idea during the nights and weekends when your clients will be at home.
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.
“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
Car flipping can be a fun way to turn your love for cars into a quick side business idea if you have the capital and a stomach for the inherent risk. Buying and selling cars is similar to other “buy low, sell high” business models, but the profit potential per hour invested can be very high. According to Jeremy Fisher at 3HourFlip.com, the trick is to learn how to make car deals come to you, so you can minimize your time invested and maximize your profit on each flip with this side business idea.
A social media influencer is a lot like an Instagram, with the main difference being the social media platforms you use. As a social media influencer, you can use whichever platform(s) you prefer, or you could use all of them. A social media influencer may spend a bit more time than an Instagram business owner, as they’d have to create posts for multiple accounts and optimize those posts for each platform. This business still lends itself well to being a side business, though, as you don’t have to commit a whole lot of time to it.
Martial Arts, huh? I teach too, and have found that when I want to offer a new class I give a free workshop. If you went around to the non-profits, churches and other type of groups and offer a free 1 hour talk on self defense with a question and answer period you’d get your name out there as the go to person to learn self defense. Set up a page on facebook, instagram on tips for self defense and invite people to follow you. 80% good info and 20% Hey hire me to train you. Bet you’d get a large following within 6 months. Let us know how it goes. Good luck