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.
If you have extensive experience in a highly valued field, consider starting your own consulting business. Outside businesses often look to consultants to help and guide them, rather than hire someone in-house. Popular consultants include those for cybersecurity, finance, accounting, and graphic design.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world’s largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology. Then, after you’re able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you’re able to find an audience that loves your products.
The market for website developers is huge and highly competitive. If you lack highly specialized coding skills, I would suggest you consider trying to break into this space by offering flat fee rates to develop new or re-launched websites for smaller businesses or organizations and limit your development work to one platform, such as WordPress.
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.
Bob’s Rent-A-Bike was my first business which I started when I was 19 years old. For this business, you can set up service stations or other local business as your agents, giving them a percentage of the rental fees. Vacation areas and being near bike trails are great places for bike rentals.
My father spent year after year remodeling our basement—and I’m glad he did because that’s where I located my model railroad! However, a lot of homeowners aren’t willing to invest the huge amount of time it takes a novice to remodel their basement—that’s where you come in! Remodel your own basement, put together a website with the before and after photos, and hang out your shingle!
I will tell you a secret. You can make a lot of money from a non-profit business. You can pay yourself a good salary and reasonable expenses. And you can even sell the enterprise. Better yet, you can create an organization that will really help others. I strongly suggest you approach running a non-profit with the same discipline that you would a profit-making business, and almost all of the how-to videos on BusinessTown.com apply to non-profits as well.
When I was running my book publishing company I developed a series of books called the Everything series and I negotiated a deal to buy the “everything.com” domain from a company controlled by Microsoft co-founder Paul Allen for over $100,000. The market for good domain names isn’t going away and you can make money trading these names, but I would be careful in putting too much money into names that are “almost” great names.
If you’ve got a streak of contracting experience under your belt, you may want to consider starting a handyman service. Your assignments may vary dramatically, from installing a kitchen counter faucet to refinishing an outdoor deck. If a variety of projects sounds exciting to you, consider a future as a for-hire handyman!
By building your business as if you were, let’s say, a publicly-traded company, you’re not just planning for success-you’re preparing for it. What publicly-traded company do you know has just one employee? Now I know what you’re thinking.
You may love exploring all the fun corners of your hometown, but it might not occur to you to make that hobby a business. This is an especially good idea if you can offer themed tours or other niche tours. Median salary: $23,620.
The single most important factor in your success is your people — your partner, your advisors, your staff, your peers. All of these individuals will help you do the work to take your business to the next level. That means you don’t have to do it alone, but you do have to find the right people, and empower them, so you can harness the power and potential of their talent, skill and drive.
There’s a lot of money out there in grants, but writing grant proposals can take a lot of time, especially if you are not experienced at it. Like so many other fields, specialization will help get business, and it will allow you to charge much higher fees. And, as you build a track record of successfully securing grants, you will also be able to charge more.
If you are always in the gym then becoming a personal trainer could be an enjoyable and profitable business idea. People are often willing to pay a decent amount for personal training and if you get a good reputation then you could soon have a lot of clients. You may need to get qualified to become a personal trainer with a health and fitness qualification before you start.
When I was promoting my job search books I started to put up advertisements on bulletin boards around local colleges. Then, seeing my advertisements people who were running bulletin board services called me, and I hired them to do the work for me instead. You can either offer your services putting up notices for clients on public bulletin boards, or you can get more sophisticated and develop proprietary bulletin boards that you get local businesses or organizations to agree to display for you. For example, you could list tourist attractions and post the bulletin board at local hotels.
I think providing eBay selling and shipping services is a great, high-demand service business. This is a very different business than what I would call eBay trading where you buy and sell products on eBay. A trading business can have high potential but it also has higher risks and may take longer to make money at.
You can start the business at home to keep costs low. Pet owners can bring their dogs there as well as anyplace else. To build your reputation offer, to train the dogs of friends for free or at a discount, and be sure to get testimonials to put on your (eventual) website.
This makes perfect sense. With how many business ideas already exist out in the world, it can be difficult to come up with the right side business idea you should be spending your time on. Especially if you’re looking for the kind of home business idea that’ll afford you immense lifestyle flexibility.
Usually, you can start your own residential or commercial cleaning company right out of your home. No matter what niche you choose to specialize in, you can usually eliminate most of the traditional start-up costs by working out of your house. Start small and grow your company as you get more clients…
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“Build your business as if you were building a $100 million dollar company, not as if you were building a one person start up. Once you start gaining momentum, you’ll wish you had the systems, processes, and hiring practices of the big companies and not the piecemeal processes of a start up.”
Unique presents create a great gift and are in growing demand. You could create custom hand-made gift baskets for customers and provide individual gift baskets for every customer. Once again convenience is what customers are willing to pay for.
All you need is one dog to walk and you’ve broken into this business. And at the same time, I have seen people build this into a big business, including to the point where they have to hire additional dog walkers. Dogs need to be walked regularly—just ask them! Woof! Woof! Yes! So, you’re guaranteed a steady income and a good business model!
If you will sell products, you need a seller’s permit. Your state department of taxation’s website has complete details, forms, etc., if you decide to apply online, but most localities have forms you can complete while you’re at their administrative offices.
Everyone wants videos for their website, and corporations and non-profits are willing to pay good money for high quality service. This is a local business because you need to be onsite with your camera.
You might say that $5 is pretty low but if you keep at it and provide a good service, your account can be upgraded and you can provide services with extras where you can earn a lot more for each service provided. I saw many vendors who have listed services (plus a few extras) that can go up to $80-$100.