Market your business. To bring in more customers, you’ll have to market your business. This includes advertising, establishing a strong social media presence, and other activities designed to draw in customers. Your type of advertising should vary based on the type of customer you are trying to attract. If you’re working locally, advertise on local radio stations or in the newspaper. If you work online, sign up for Google AdWords or advertise your business on relevant websites.
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.
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.
To avoid any confusion, I want to make it clear first that virtual assistant work is not always non-phone, but it can be. Virtual assistants tend to do a little bit of everything, just depending on their skills/expertise. So if you are good at various non-phone tasks (social media marketing/moderation, writing, graphic design, research etc.), then you may be able to do work for some of the companies below putting those non-phone skills to work. I also want to make clear that even when you do phone work as a virtual assistant, lots of times it can be arranged so you’re making the calls during times of day when it’s convenient for you.
Beware of business propositions that seem to offer “something for nothing.” They probably involve taking something from somebody—usually you. There are innumerable variations, some more polished than others. Examples include pyramid schemes and advance-fee fraud.
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.
A limited liability company (LLC) is a popular way of setting of a business because it allows the owners to limit their personal liability for actions taken by the company. While an accountant or an attorney can set up an LLC for you, it is usually pretty easy to complete the formation process yourself. Keep in mind that each state will have different rules for forming an LLC, so it is important to look at your specific state laws before proceeding.
It’s funny how much baking can relate to making money. Start bringing in some side income by kneading flour, mastering the oven, and appeasing everyone’s sweet tooth. While some experts have already turned baking into their sole “bread and butter,” you need not leave your day job to pursue this business idea just yet. Depending on your experience, you can start by doing something simple on the side like perfecting Grandma’s nostalgic cookies before heading on to offer exquisite artisanal fare.
LiveWorld – Read Review – Open worldwide. Most people start out making between $8 and $10 hourly. The exact amount is dependent on your location. Get paid every two weeks with either a mailed check or direct deposit. Note the job is not always posted on their website.
Do you see eye to eye on the big picture? Arguments about the details are a given, and are important for getting things right. But not seeing eye to eye on the big picture, the real purpose of your business, can cause a split that may be irreparable. Be sure your team cares about the and buys into the purpose as much as you do.
User interface and user experience matters big time on your website! That’s why they have often become a separate business from website development/coding. You can earn an advanced degree in this field, you can read books about it or you can learn it on your own.
Define your goals. Do you want financial independence, eventually selling your business to the highest bidder? Do you want something small and sustainable, that you love doing and from which you want to derive a steady income? These are the things that are good to know very early on.
I started two different map businesses while in college, both of which I later sold. One was a street map of a local resort area, which I sold to retailers and also sold advertising on the back side of. The other was a tourist map of the island of Nantucket which I sold at retail. Today with everyone using navigation systems, I would be less excited about putting together a street map. But a fun illustrated map showing local business sponsors still makes for a viable business model.
Pet grooming and boarding are also businesses where convenience and distance matter, making them perfect ideas for rural businesses. No one wants to drive two towns over to drop their pet off for a trim, nor drive back to pick them up. Since most small towns don’t have a pet specialty chain such as a Petco, businesses can also capitalize on the lack of a major pet store where owners would usually purchase food, toys, and clothing for their pets. If you plan your business well, you can become the one-stop shop for all things furry. And that translates to big profits.
Choose your partners wisely. When choosing the person or people you’re going to build the business with, be careful. Even if someone is your best friend, it doesn’t mean that you will partner well in a business operation. Start it with a reliable person. Things to consider when choosing your co-leaders and support cast include:
When you don’t have money to start your business, it’s essential you find the right people who can help. You may attend events and trade shows where you can find potential investors. You may also join various online forums on social networking sites where you can find useful tips and resources to bring your business to life.
Lots of businesses try to save money by hiring people as independent contractors rather than full-time employees. The IRS will impose large penalties on businesses that do not withhold and pay taxes for workers that it considers full-time employees rather than independent contractors. Here are some things the IRS will look at to determine whether a worker is an independent contractor or a full-time employee:
I am currently sitting in my co-share work space and beside me sits a green potted plant about 15” in height. Every day or two, the commercial watering service person comes by and pours a little water on the plant. Once a week or so, the service person may take out his plant clippers, and trim a leaf or two. Wow! I think I could master this work! And I bet you could too!
Parents and grandparents are only willing to buy their kids so many computer games! What they would really prefer to be buying are beautifully hand crafted vintage toys that the kids can use their own imaginations to play with! Hand crafting takes time, so carefully figure out what interesting toys you can bring to market at a reasonable price.
I published a book by Don Dwyer who was the king of the carpet cleaners—having made many millions building a gigantic carpet cleaning business franchise system. This business isn’t glamorous, I remember Don talking about the best ways to get dog urine stains out of carpet, but the demand and the money-making opportunity is huge!
Keep it professional. It’s well-worth a small monetary investment to make sure your logo looks legit. People are much more trusting of businesses that have a professional aesthetic. It doesn’t have to cost hundreds of dollars, though — there are plenty of talented designers on Fiverr who’ll create your logo for as little as $5.
But even if you don’t need an EIN, get one anyway: It’s free, takes minutes, and you can keep your Social Security number private and reduce the chance of identity theft, because if you don’t have an EIN, your SSN identifies your business for tax purposes.
Have more than the minimum. You may determine it will take $50,000 to start your business, and that’s fine. You get your $50,000, buy your desks and printers and raw materials, and then then the second month arrives, and you’re still in production, and the rent is due, and your employees want to be paid, and all the bills hit at once. When this happens, your only likely recourse will be to pack it in. If you can, try to have the reserves for a year of no income.
I receive at least 2 emails a day asking me for my expert opinion on a given company or website. Is so and so a legitimate company? Should I pay $49.95 to work with DataEntryBlahBlah.com? Honestly I’m not that much of an expert. I just know how to do a little research. If you’re currently thinking about joining a work at home company and a fee is one of the requirements, put your wallet or purse down. Before you make a decision that you might regret, watch the video we created. By the end of watching this video, you’ll never question whether or a not a company is a scam. You’ll know with certainty if it is!
Think blogging is no longer a viable source of income? Think again. Tens of thousands of bloggers, creating content on topics as diverse as scrapbooking, home cooking, travel, film, lifestyle, and more are launching self-employed careers thanks to a combination of email subscribers, affiliate marketing, blog sponsorships, and other revenue streams. Your first step is sharpening your writing abilities, understanding what your audience craves and learning how to write a blog post that drives traffic and brings you readers on a regular basis. Even blogging about tech gadgets and products you love can turn into a profitable side business. Take my friend Andy’s blog, AwesomeStuffToBuy for example. Or listen to my interview with Gaby Dalkin about how her journey to start a food blog as a side business idea.
It may seem like all of the good business ideas or the best small ideas have been taken, but they are not. Most successful small business ideas come from individuals who work for someone and they believe they can do better.
#30 – Art Logic – If you are great at coding at willing to work from home, try applying for an Art Logic job online vacancy. The company occasionally hires system developers who earn $20 per hour respective of the job.
Find your state’s LLC laws. The name that you choose for your LLC must comply with your state’s laws. While there will be variation, most states do not allow LLC names that are duplicates of existing business names or extremely similar to an existing name. States also may have other restrictions on the type of name you can choose.
While you can order one book at a time, costs naturally go down when you buy in bulk. You can consider pre-selling your book idea through Kickstarter to ensure that there’s demand and guarantee a certain number of customers for a bulk order.
When making a website keep in mind that simplicity and clarity are key. A simple design that clearly states what you do, how you do it, and what you charge is most effective. When making your website, remember to emphasize why your business is the best solution to a clients problem.
It can be helpful to have people who are bright and creative join you for a casual brainstorming session. Start with a simple question like: “What shall we do?” The idea is not to create a business plan, just to generate potential ideas. Many of the ideas will be duds, and there will be quite a few ordinary ones, but a few may emerge that have real potential.
To succeed at car resale, you need to find a great source of used cars at a good price. Sources to buy cars include: car dealer auctions, bankruptcy auctions, new car dealers selling older cars they don’t want on their lot, government car auctions, and rental car agencies. You can also watch for bargain priced cars being advertised by individuals, but you need to snap up the best deals before someone else does. Focus on just a couple cars at a time, so that you can try to keep your overhead low by operating out of your house, and keep your profits up by choosing your cars carefully.
With nearly 100,000 different custom extensions both free and paid available in Google Chrome’s marketplace, there’s a huge opportunity for creating a useful extension for people to use while browsing the web as a low effort business idea. One of my favorite Chrome extensions, Yet Another Mail Merge, which enables you to send bulk customized emails from within Gmail, gives you 50 free credits to send emails and gives you the chance to upgrade to a paid account to unlock more sending—a great upsell for the people who are getting value from the extension. Even free Chrome extensions like SVRF Tabs by SVRF, which replaces your new tab with stunning VR and 360º images, have the potential to bring in new users and eventually drive revenue for the startup’s core business. Another fun example from a friend of mine, Kathleen Garvin, is Hide images with NOPE, a Chrome extension that hides images on the web pages you’re browsing—to help eliminate distractions and keep you from seeing images (like those of certain politicians) that you may want to hide. This side business idea is particularly great because it also allows you to showcase your development skills—which can be put to work as an adjacent side business idea on a freelance basis alongside the Chrome extensions you launch.
Investment: Startup costs will depend on the type of services you provide. The upfront costs should be lower if the business is nonmedical and assists seniors with basic daily tasks, although training and licensing may still be required.
Consider finding an attorney or other legal advisor. There will be many hurdles to leap as you go from working stiff to overworked and underpaid small business owner. Some of those hurdles will be composed of stacks of documents with rules and regulations, ranging from building covenants to city ordinances, county permits, state requirements, taxes, fees, contracts, shares, partnerships, and more. Having somebody you can call when the need arises will not only give you peace of mind, it will give you a much-needed resource who can help you plan for success.
Software drives businesses today. This is a fact not lost on individuals and companies attempting to earn a profit, make a name for themselves, or simply get things done. As a result, the job outlook for software developers will be much sunnier than prospects for many other occupations—creating massive opportunities for this business idea well into the future. In fact, it won’t take you long to find a good-paying software development project as a side business idea on sites like Upwork, Guru.com, and Freelancer. LinkedIn also recently launched their brand new freelancing platform, ProFinder which has a dedicated section just for hiring talented software developers.
You will need the following information to apply for an EIN: the name of your LLC, the name and social security number of the owner or managing member of the LLC, the business address, the country of incorporation (United States or a foreign country), the number of members in the LLC, and information about what types of services your business supplies.
The California Small Business Development Center is a great resource if you need a little assistance coming up with funding opportunities. They’ve got dozens of locations across the state where you can go to discuss potential funding approaches for your business based on all the criteria above (and more).
It’s not very engaging, or mentally stimulating, but online surveys do pay out (a little), believe it or not. Just don’t expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income.
Even in the Internet age a lot of people enjoy going to flea markets. To succeed in this business, you first need to be able to sell space to vendors. Then right from the first event you need to bring in enough visitors, so that your vendors are happy, and will come back again and again.
There’s a lot to consider and plan before you launch, and it’s important to prepare yourself for the journey ahead. If you think you’re ready to start your first business, here’s a step-by-step overview of what you need to do to make it happen.
Build your own social following and create a personal brand for yourself like Matt Nelson, founder of WeRateDogs has done (thus growing his following to more than 2.8 Million people), and countless opportunities will come your way for turning this side business idea into a full-time business.
I’ve rented boats and bicycles and this can be a decent business. For canoes, you don’t need a waterfront location. You can rent canoes from a highly-trafficked location on the side of the road, and then provide roof racks for your customers’ cars.
#46 – Crawford Media Services hires independent contractors to carry out metadata writing, SE optimization, and tagging. However, most of their projects are seasonal or occasional. Pay can go up to $18 per hour depending on the task.
Let’s go flying and get paid for it! You can finance your plane and contract out most of the work, including getting help to get your company certified to fly. This is a service business and those little touches can make a difference in keeping customers coming back.
Create a business plan for your home based business. This is the blueprint for your business. It may also help you think of things that had not crossed your mind about your business and help you determine what kind of start up costs you are looking at. At minimum, a business plan should include the following:
I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.