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For the musically gifted, offering lessons to others who want to learn an instrument can be a great source of extra income. Unless you’re teaching piano, students can bring their own instruments to your home for hour-long lessons. Stock up on sheet music or songbooks in varying genres and aimed at various skill levels so you can offer a wide selection for your potential clients. Voice lessons can also bring in a lot of money if you market yourself to local high school and community theater groups.
Home Beauty: Body Piercing, hair removal, make-up artist, manicure (and pedicure) salon, mobile foot massage service, wigs, organic hair and skin products are just some of the options for a beauty business.
If you want to broaden your services and earn more, you can opt to make the entire house look neat and clean with this side business idea. House cleaning services cover carpets, floors, lawns, garages, windows, walls, and roofs, requiring a whole range of cleaning tools. You can hire maids and janitors to do the actual cleaning while you handle sales, administrative and customer service tasks. Or, you can start small by actually getting your hands dirty as a contractor, learning on the job before launching your own cleaning operations with the help of cleaning business management tools like Swept. Beyond that, I’d recommend checking out Cleaning Zoom’s ultimate guide to starting a cleaning business if you plan on taking this business idea seriously.
Do you have an eye for detail? Do grammar and spelling errors drive you crazy? Writers and publishers are in desperate need of Editors and Proofreaders to correct and fine tune their written masterpieces. If you think proofreading may be your calling — check out this free 45-minute workshop.
Pet Sitting: You will need to be an animal lover to do this. Many pet owners have high expectations, so do your homework and become knowledgeable about pets. You will need to be able to answer their questions.
Although product businesses can lead to super riches, the risk and failure rate is very high. You will almost always be competing against larger national or international firms. If you become successful, other firms will try to duplicate your success. Even if you have a great product, just getting into the distribution channel can be very difficult. Then, if you are successful and are booking lots of profits, you still may be running negative cash flows as you finance growing inventories and receivables.
I learned a lot about resume writing as my book publishing company became the leading seller of resume books in the US. Resumes are not obsolete, even if you don’t always use one when applying for a position online, recruiters expect you to bring a resume to the interview. With the Internet, you can help write resumes and cover letters for anyone in the world. If you can write succinctly, you can write a good resume.
Great List Holly! I own a women’s boutique in Connecticut and still in the struggle stage however, I am looking for ways to supplement my income in order to sustain my business. Thanks for sharing all these wonderful ideas. I am going to get started right away with the ones that I find suitable…which me luck!
Cosmetics: Decide whether you want to join a direct sales organization, make cosmetic products yourself or find your own wholesale supplier. Register your business name and research what licenses and liability insurance you may require. Use product samples, catalogues, price lists and order forms at host parties.
Twice I have heard Jim Koch, founder of Sam Adams beer, talk about how he started his business. I find this to be a tough business. First you need a brew master with deep expertise. Then you have to get your beer taste to be very distinctive and very pleasing. You need consistent quality. You need to stand out versus the many other small brewers, build a clientele, and arrange for transportation. Nonetheless the market is huge and because of the success of micro-breweries, established beer distributors are increasingly willing to take on smaller labels.
Advertising and marketing companies are always looking for freelance copywriters to help with their creative projects. You can set up a home office and put your creative and marketing savvy to good use.
Selling educational materials is a big business today. Pencils, Exercise books, recommended textbooks, graphical tables, and drawing equipment are some of the materials students cannot do without on a daily basis. People who locate their shops near these schools are bound to make a lot of money. If you can get your shop near any of these schools, you are bound to make a lot of money.
There are loads of job listings for freelancers on major job boards, and you can always advertise your services (and look for work) on craigslist or LinkedIn. Once the jobs start rolling in, don’t be afraid to go to previous clients and ask for more work. Steady work is the best work for freelancers. If all else fails at first, just write. Start a blog. Build clips. Get writing!
In most cases, people convert private residences for the purpose of providing living space and assistance to small groups (usually under 20) of people. These people share common living spaces, and there is staff or a resident manager on the premises…
I am a rep at PawTree.com/special. I have did well by selling products to dog owners. It’s easy, I just visit dog parks with samples and hand out order forms. PawTree.com/special has a special going on until March 31, you can start for just $1 at pawtree.com/special. Most direct sale companies charge much more to get started, so this is something you can start with little investment. Make sure you choose sponsor spectacular at checkout.
Again, think of the low-cost entry point to keep your startup costs under $100. You can clean houses with all of the supplies and equipment you already use for cleaning your own home and then invest profits into specialized equipment for other clients.
Service businesses can have very high profit margins and you should be able to reach break-even much sooner than with other types of businesses. For example, I helped my sister set up an employment agency and we reached break-even in just 90 days.
Dog Obedience Training: First you need to decide whether you want to train dogs or teach people how to train their dogs. Then you need to learn the principles and practises of dog training. You can either do this online or look for a course. A good way of marketing your services is to use a temperament evaluation card to show potential clients your training programs.
As this year draws to an end, you need to position yourself properly because there are a lot of income opportunities available that can take you to whole new level. Whether you are an entrepreneur or investor, you will surely find this compilation valuable. So without wasting your time, below are 30 best money making business ideas that can make you become rich.
There is always going to be a demand for clothing and this last year has seen a significant increase in smaller clothing brands. If you are good with graphics then a clothing business could be easy to start-up. You could target mass market with low-priced clothing or go for a designer niche and charge a higher price.
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.
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.
The question I’m asked the most (by far) when I meet and speak with fellow entrepreneurs is, “How do I know which business idea is best for me?” This one is always quickly followed by, “How do I start on this side business idea while I’m still working my full-time job?”
Do you love to shop? Offer your shopping services to others by looking for the best deals and then purchasing items either online or in store. This will save your client a ton of time; you can even offer to gift wrap presents for an additional charge. Sites like StitchFix, Dia & Co, and thredUP offer home-based shopping gigs — head over to their career pages to find out more.
Sales Tax Permits – If you intend to sell taxable goods, on- or offline, you will need to obtain a sales tax permit. Remember that sales tax permits not only refer to where your business is located, but where you conduct business. Even if your state of residence doesn’t require sales tax, if you transact business in a state that does, you can still be liable for having a permit. Small business sales tax laws can be complicated, so do your best to understand the intricacies before beginning your business.
Contrary to popular wisdom, real estate prices don’t always go up and catching the trends can tremendously amplify your success in this market. One of my business school classmates caught the trend just right in the Houston commercial real estate market, and then did the same in Boston. Another business school classmate took advantage of the huge 2008 real estate sell-off by scooping up thousands of homes in particularly hard-hit areas like Las Vegas with his hedge fund. The safest way to buy real estate is to make sure that your cash flows from current rents will justify the minimum return you need, then you can look at any appreciation as pure gravy!
You can begin in a very small way, starting with one order at a time and grow by the power of compounding. For example, sales in your first six months may produce only $1,000 per month. But if you can continue growing by 20% during each ongoing six-month period, in five years your annual sales will be over $370,000.
If I missed any good ones, please share your best side business ideas in the comments below! If you’re ready to start a business while you’re still working full-time, join my free course, Find a Profitable Business Idea.