What is a Statutory Agent? A statutory agent, also known as a registered agent, is a person or business that agrees to send and receive legal papers on behalf of your LLC. Such papers include service of process of legal action (if you are sued) and state filings.
How do you make money as a product reviewer? By cashing in on affiliate marketing links from products you review. Even if you give a product a negative review, you could mention a product that you prefer as an alternative and give an affiliate link to that product. Of course, books are an obvious product to review and that has helped propel Amazon into being the largest affiliate marketer on the web, despite their skimpy, circa 4%, commission levels.
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!
Think of some of the biggest success stories in recent times, such as John Lennon and Paul McCartney; Bill Gates and Paul Allen; Steve Jobs and Steve Wozniak; and Larry Page and Sergey Brin. In every case, the partnership brought out the best in both sides of the equation.
Collaborating with more established brands in your industry is a great way to achieve growth. Reach out to other companies or even influential bloggers and ask for some promotion in exchange for a free product sample or service. Partner with a charity organization and volunteer some of your time or products to get your name out there. In this article, Business News Daily offers some suggestions for rapid growth.
When you think of your neighborhood coffee shop and bar, you might not think of the same establishment. But if your town is small enough, and clientele scarce, merging these two business ideas might be just what the mayor ordered.
C Corp: The main difference here is that C Corps may have an unlimited number of shareholders from all over the world, and the corporation itself is required to pay taxes. Learn more about how to form a Corporation in California.
A photographer, for example, can service a local event while selling prints online through their Instagram account. Coupling your service-based business with physical products can give you another source of income that isn’t directly tied to your time.
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.
Simply put, dropshipping is a modern take on the oldest form of business: Buy an item for a low price and sell it for a profit. Except in this case, the supplier you’re buying it from is also the one responsible for getting it to the customer.
#50 – Snuggle Buddies – You can become a professional cuddle and make anywhere from $40-$80 per hour. All you have to do is cuddle someone or hold someone’s hands. Yes, that’s right, a professional cuddler.
Callsource – Read Review – This job involves listening to recorded phone conversations to ensure no missed opportunities for deals. The job is rarely ever listed on their site, but when it is, it’s under “Dealsaver Specialist.” May be open worldwide, although you must be fluent in English. Pay is per call, and you may average around $11 hourly.
But before you can graduate from side business idea and start earning a full-time living as a graphic designer, you’ll need to build your skills—I recommend starting with reading the foundational book Graphic Design School and Steal Like an Artist, the incredible book by Austin Kleon about how to become more creative. To accelerate your education in becoming a graphic designer even quicker, check out the online courses Graphic Design Fundamentals and The Graphic Design Bootcamp.
Counted amongst the most valuable tech giants, Amazon is also a massive global market where virtually anyone can cash in on the rising tide of eCommerce if you have the right business idea. But, like everything else that involves money, you have to do quite a bit of work to earn it. In this case, you need to do tons of research (looking for generic products such as clocks, key chains and mugs to attach your brand to) as well as developing a sensible inside sales strategy that’ll help you generate profits from your private label side business idea. For an incredible deep dive on how to launch this kind of business idea, check out how digital marketer Neil Patel recently did this as a public experiment right here on his blog.
You also will need to file certain forms to fulfill your federal and state income tax obligations. The forms you need are determined by your business structure. A complete list of the forms each type of entity will need can be found on the SBA website. You can also find state-specific tax obligations there. Some businesses may also require federal or state licenses and permits in order to operate. You can use the SBA’s database to search for licensing requirements by state and business type.
Keep learning, and be adaptable to change. Find buddies, mentors, local business-related organizations, Internet forums, and wikis to discuss the daily details of running a small business. It’s much easier for everyone to perform their core businesses well and prosper when they don’t waste time and energy “reinventing the wheel” on housekeeping.
On the other hand, if you want to market your own t-shirts you might have more upside potential but the downside is greater too! The brothers who started “Life is Good” t-shirt business for example, lived out of their van for several years until their business finally gained momentum.
Starting a food service business can be pretty involved for a beginner. But if you enjoy making food and want to build your first business around it, you can start a baking business where you sell specific items or custom creations for events out of your home kitchen.
If you’ve got the attitude (and look), there should be a product or service out there on the hunt for the right model to promote their brand as a side business idea. You can sign up with a large agency, find a freelance agent, or look for your own modeling gigs as an independent talent. Since modeling is a complex field, get all the advice you need before jumping right in and find a mentor who can guide you through some of the early challenges it’ll take to establish your brand. Depending on your preference, you can specialize in a single media format such as video or still images, to build a compelling portfolio and grow this into a business idea that has the potential to scale.
In my book business, we had up to seven full time publicists on staff, and yet we would still hire outside publicity firms to promote our books. Most publicity work is promotion work—getting attention for businesses and their products. Most publicity firms specialize, for example one firm may specialize in promoting high tech firms in Boston, another may specialize in promoting restaurants in Providence. Many of the national publicity firms I have used were founded by somebody who had previously had experience working at a media outlet. But this business isn’t rocket science…if you are good at networking and you can get promotion for your clients then you can succeed at this business.
Now that you’ve got your financial foundation set up, it’s time to get some money rolling in. Colorado is said to have the strongest economy in the U.S., so there are tons of funding opportunities are there — but not all of them are right for every new business.
When my book publishing business grew to the point when we needed forklifts, I was shocked by how expensive they were. So, we went to a used industrial equipment dealer and bought all of our forklifts there. Selling industrial equipment allows for specialization and it also allows for you to build up long-term relationships with customers. Furthermore, you can have add-on sales such as maintenance, supplies and repairs.
A sponsor must be paid a yearly fee which can be negotiated. Do develop a rapport with your sponsor so that he is ready to help you in sorting out any problems you may face along the way with authorities.
You would think that in this day and age of electronic communication that messengers were something of the past—but no messenger services are still vibrant. In larger cities bicycle courier services are popular and in smaller cities local messenger services rely exclusively on cars.
Take Action: We hammer down on this a lot – start marketing as close to home as possible. If you only have one or two clients/users/customers, then show them as much love as you can. Shower them with incentives in return for honest feedback or perhaps a referral.
You might be great at this if you know your way around social media networks and forums, have ever been in an admin position for either your own business pages/accounts or moderated for a forum, and you know how to be helpful and polite, but also firm when a situation calls for it.
You could find some space on a busy street, perhaps in a resort area, and equip it with arcade games. But I would try instead renting a cool collection of arcade games for parties. The overhead is less, you could start out with just a few games, and you know how much money you will be making before you go to work!
I couldn’t believe it when I first heard how expensive window treatments were! But now I understand, they add a lot to the appearance of a house, and to the utility of particular room. There are lots of reasons why this is a great business. It is a combination of sales and service, especially if you are doing the installation. And people like to see the textures and colors you have to offer in person. You can start this business on a mobile basis with low overhead, calling on customers at their homes and eventually open up your own storefront.
Sometimes I’d do a little touchup work, such as a new wood trim or a coat of paint, occasionally I would contract out an engine repair, and always I would clean them the boats. Like any trading business, you need to find out what sells easily and at what price, and what you want to stay away from. Brand name outboards, specifically Boston Whalers, sold well for me. Sailboats, on the other hand, took forever to move.
I’ve owned a lot of boats (and even built a couple) and I’ll tell you most boat owners want their boats totally ship-shape! And yet boats tend to get dirty easily! Which leads to a great demand for boat maintenance and cleaning. To make a go of this, you want to have a good concentration of boats in one town, at one harbor or ideally on one dock. So, do a great job (this is a finicky crowd), don’t sell on price, be dependable and you will build word of mouth. I would also do as much work as possible wearing my company T-shirt, when boat owners are around cleaning their own boats…such as on Saturday mornings.
If you are offering pizza delivery you don’t need a storefront at all. You could just get an inexpensive industrial quality space, as long as it is convenient to your customers. Lure your first customers in with juicy offers. Then try to keep them with great quality. But beware that a lot of pizza delivery sales even to repeat customers involve some kind of discount or special offer.
Do you have an extra room in your house or condo? You could rent it out by the day like the Airbnb model, or you could rent it by the week, or you could rent it by the month. Then maybe you could use the income to help subsidize your expenses as you start another business!
If you think you have a reasonably good ability to judge which early stage businesses have the best chances to succeed then this is the business for you! However, the odds against any particular venture backed business succeeding are low, so you need to spread your bets widely, especially if you are betting on very early stage companies. To get started you may first want to invest with a group of angel investors, typically plucking down $25k or $50k for each company you invest in.
You having a great idea and you want to translate it into opening a business. There is one big caveat, you are short on cash. And for most aspiring entrepreneurs, getting hold of the much-needed capital is usually the biggest challenge.
Beware of people who ask for money before giving you business. Trade leads to prosperity through mutual gain, so a business should be willing to pay you to work for it. (A franchise store or home-sales business may have legitimate start-up costs, but they should reflect a reasonable cost of getting you started in the business so the managers would make money through your success, rather than just by getting you in.)
Cigar shops can bring in decent and steady revenue. Better yet the profit margins are good, so you can be very profitable without hitting sky high sales levels. This is a relatively easy business without too many headaches. But choose your location carefully…then roll out your wooden Indian!
#28 – ShowMojo is dedicated to streamlining the real estate business with solutions to home owners and managers. The company currently is hiring particular work at home positions to help with scheduling and showing process of rentals. Posts such as sales manager, call center manager and automation expert pay about $20 an hour.