Now we come to crunch time — assigning specific dollar amounts to your lists. This process is always going to be a best guess, but be realistic and use past experience, research and advice from other entrepreneurs to guide your cost estimates. Organizations such as SCORE and your local Small Business Development Center or Women’s Business Development Center can provide free and valuable advice about how to calculate your start-up costs.
If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it’s been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won’t have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
Do not go ahead with sponsorship until both sides have agreed on what to expect from each other and a written agreement is drawn up and attested in the local court. Do not rely only on verbal understanding.
Almost everyone has a skill or three they could put to work to earn money as a virtual assistant. The list of things potential clients might need done for them is endless — writing, graphic design, social media management, internet research, answering emails, etc.
I’ve been getting so much feedback with great business ideas from my community and in the comments, so I frequently add to this post. If you have side hustle ideas you’d like to share (or personal experience with a side hustle of your own), please add to them in the comments below!
Though certainly not for everyone, recycling the containers from products left strewn around on the ground can become a surprisingly decent side business idea if you put in the time. Attending events like street fairs and outdoor concerts can be a great starting place. Put on a clean shirt, jeans, apply your sunscreen, grab a cheap pick-up tool like this one, sturdy plastic bags, and you can sell them for upwards of $4.00/pound on eBay.
One of my business school classmates started a concert promotion business while still an undergrad at Harvard, and even as a student he was making a fortune at it. He started with lesser known groups and smaller venues, and within a couple years he was booking some of the largest venues in greater Boston. He also enjoyed partying with the rock stars!
You need to start out with a good location and you need to do some marketing to get going. This business may also end up being more work than you envision. Something will often need repair, every guest will seem to have a special request, and there will frequently be some renovation or upgrade project you will want to work on. But if you like meeting and entertaining new people, and have lots of energy, this can be good solid business.
Companies large and small need to be posting regularly to social media or they will be left behind. Many companies outsource this work to social media specialists. This is a great business because you will receive ongoing work and a recurring revenue stream. And the work is easy enough that over time you can delegate the day to day posting work and build a social media agency empire!
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel’s great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you’ll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
To succeed at this business, I would carefully perfect a few interesting smoothies drinks. Then I would search hard for a location with very high foot traffic location. I would much rather have a tiny location with lots of traffic and high rent per square foot, than a much larger location with the same total rent but less traffic.
If you can’t market a product or service in Illinois then you might want to re-think things a bit. Illinois is truly one of the biggest cultural melting pots in America, so it has plenty of niche consumer populations. The challenge is not getting lost and in over your budget’s head.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
As a web developer, you’ll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive or free online education programs like Treehouse, the Web Developer Bootcamp on Udemy and Codecademy.
This is like a simplified version of a flower delivery service, but without an inventory that is constantly becoming obsolete! Plus, balloons suggest fun and light-hearted cheerfulness, perfect for many occasions!
Cover your startup costs. How are you going to finance your business initially? The bank, venture capitalists, angel investors, Small Business Administration (SBA), your own savings: these are all viable options. When you start a business, be realistic. You will probably not roll out of the gate making 100 percent of whatever you project, so you need to have enough ready reserve to fund things until you are really up and running. One of the surest roads to failure is under-capitalization.
If you speak like James Earl Jones or Scarlett Johansson, quite a number of digital publishers (including game developers, animated film-makers, and training video producers) pay good money for voice talent and the time investment isn’t too intensive—making this a great side business idea. You can find these publishers looking for voice-over artists on sites like PeoplePerHour, Freelancer and Upwork, as well as their calls for talent directly on their websites or through voiceover agents. If you do pursue this as a side business idea, be prepared to invest for the long-haul as it can be a very competitive industry.
Current market trends in Dubai offer plenty of opportunities for foreign investors to tap into imports and export of commodities, as well as taking advantage of the growing tourist traffic of the city for an almost unlimited number of potential clients and customers going your way.
This seems like a fun and easy business and it can be very rewarding. However, it is very competitive and can be hard to break into. Interior design is also increasingly sophisticated, with software design simulation and specialized educational backgrounds becoming more common.
Craft beer is a booming business: There were 5,234 craft breweries in the U.S. as of 2016, more than double the 2,420 in operation in 2012, according to the Brewers Association. Craft brewers now hold a 12.3% market share in beer, up from just 5.7% in 2011, according to the association.
I love being a part of TTEC@home because of the flexibility of the schedule. There are way more benefits to working from home than most people realize. I save money on transportation and clothing. I save time. I have a tax write-off. And I have less anxiety. The bonus of working with TTEC is that I’ve met some great people and have learned new skills.
We’re all guilty of spending too much time on Facebook, Twitter, or Pinterest sometimes, so why not get paid to put your expertise to work as a side business idea? Lots of companies, especially startups or those in retail and travel—even influencers have heavy social media presences and are constantly in need of people to help build their brands online. You can find these types of opportunities on sites like Flexjobs and CareerBuilder and most employers on these websites are conditioned to working with people who operate these services as their side business idea.
If you are thinking of becoming a property tycoon but can’t swing the down payment on your first property, this is a good business to start in. It’s good steady income and you get to learn the ins and outs of owning property. You also may come across multi-family properties that are for sale before they get advertised.
Now, before you go telling us that combining after school 12-year-olds and college 21-year-olds is a terrible idea, hear us out. We’re not suggesting a full on bar, simply a coffee shop that after 4 pm also serves wine and beer. The concept behind being a coffee shop that serves alcohol is that in the post-noon hours, coffee consumption begins to taper off significantly. If you’re looking to stay open later and need the cash, filling an additional need in your small community is the perfect business idea. Now you not only have a place for business meetings and freelancers, but also happy hours and first dates.
Being a virtual assistant not only gives you the flexibility of working from home, but often you get to set your own hours. Virtual assistant work is frequently part time, so it could be a way to get some income coming in while you develop a plan for another business.
Some people have no time. They may have a job that requires lots of travel or an executive position that has them working around the clock. But you can make their life easier offering personal concierge services!
Not everyone wants to tell people that their business is porta potties! That’s OK, you can make good money doing this business. The key is being willing to go out and sell your services to prospective organizations. Once you line up a customer your chance of landing repeat business is huge.
Words of Worth – Read Review – Open to US, Canada, and possibly other countries. Pay rates are not listed on the website, but it will vary depending on the assignment. Get paid once a month via bank transfer.
Very informative post. Even having a huge capital upfront to start a business does not guarantee the success of that business. So these are great tips to start with nothing and step by step make things happen. Thanks for sharing.
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.
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.
Chances are you’ve probably watched a couple of youtube videos online. And if you haven’t you’ve definitely watched TV. With that said, have you ever thought about how much video you consume? Now imagine if you were paid for all the videos or TV shows you watched. Well you can!
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye’s awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
#3 – Arise is a renowned company that contracts work at home customer service agents in the U.S. Their pay depends on the kind of client you are assigned to work with, but usually, ranges from $10-$20 per hour. The great thing about this job is flexibility. You can work as much as you want.
In Boston one of the very best high skyscraper restaurant locations was taken over by a banquet facility company. The owner of this business grew up in the restaurant business but decided to build his own business exclusively around banquets. A banquet facility is an interesting alternative to the difficult restaurant business. You get to match your labor and food costs closely to your income. And by having a dedicated space and a tightly focused business you should be able to execute well.
Resources I recommend for learning more about this industry include 21 Days to a VA Biz and The Bootstrap VA. Note that both of these books focus on starting your own virtual assisting business rather than working for a company (such as the ones above). For more in-depth training, you can enroll in the 30 Days or Less to Virtual Assistant Success eCourse. It will teach you exactly how to start your own VA business, what you need, what to charge, and also where to find clients.
It’s messy, dirty work that must be meticulously done, and done by someone dependable. That means it can be a high margin business. I would start this business by taking on very small jobs and working my way up.
You’ll need to see if any local or state permits are required and you must follow the U.S. Food and Drug Administration’s guidelines on pet food products. You’ll need a good recipe and a selling point that will make your tasty treats stand out from competitors.
“Your product is built by people,” Zawadski said. “Identifying your founding team, understanding what gaps exist, and [determining] how and when you will address them should be top priority. Figuring out how the team will work together … is equally important. Defining roles and responsibility, division of labor, how to give feedback, or how to work together when not everyone is in the same room will save you a lot of headaches down the line.”
You can succeed with a specialty food store but it is tricky. You must be ruthless in your research, in both what the market can support, and which competitors currently have overlapping offerings. I would also look at what specialty food stores have succeeded in nearby markets.
Pet Businesses are a $60 billion industry in the United States, so it just plain makes sense that a small town has at least one pet grooming or boarding facility or a combination of the two. The pet industry is also one that shows no signs of slowing down. In 1988, 56 percent of households in the United States owned a pet, in 2016 that percentage jumped to 65. This means that there are almost 80 million households in the U.S. with at least one pet.
You can get started by opening a center at home. You set the age group of children to accept, how many kids to care for at a given time, and the hours of operation, although this will depend on the needs of your clients.
I also recommend FlexJobs. The company has an A+ rating with the Better Business Bureau, along with a money-back policy if you are unhappy with the website. FlexJobs guarantees that every single job is 100% legitimate.
Americans purchase on average 6.5 billion greeting cards each year. While sales are estimated between $7 and $8 billion annually, according to the Greeting Card Association, many of these cards are now purchased in big box stores, such as Target and Walmart. Those living in small towns often don’t have access to these types of stores, at least not in their immediate vicinity. Providing the people of your town with a place to not only purchase cards but gifts as well is a prime retail opportunity. The variety and diversity of products you can carry are endless, which allows you the freedom to play around with your inventory until you find that special mix of products for your small town business.