Wait, Almost there...
As long as there is still the written word, there will always be editors. Freelance editing and proofreading not only pays a decent hourly wage, it also gives you the chance to read about potentially interesting topics too. What’s more, pursuing freelance writing & editing as a business idea can afford you a lifestyle that lets you travel the world as a digital nomad. You can find lots of job postings from companies and individuals in need of writing, proofreading, and editing services on Upwork, which makes this a high-demand side business idea.
Yes, spending time on YouTube can be a legitimate business idea if you take it seriously. If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year, so there’s clear potential to take this from side business idea to eventual millionaire with the right combination of content, audience, skills, relationships and timing. If you’re considering starting a YouTube channel it’s important use best practices when making videos. Read the YouTube playbook for tips which will result in faster growth of your channel. Additionally think about investing in a quality camera and microphone since the production quality of videos can often affect your viewership.
The market for music teaching is there, and your instrument is your specialty. The key is to develop reasonable but firm policies on pricing and cancellations and to, if possible, make your home the venue for providing lessons, rather than traveling to visit students.
Find a unique product category that’s still untapped by the box subscription industry, or find a way to put a new spin on an existing service, and you could have a lucrative business on your hands. Keep it as inexpensive as possible — according to LearnVest, offering cheaper products will help you stand out from the competition.
Online, you can be an affiliate which sells almost any service or product the internet has to offer. In fact, Amazon has an affiliate program which allows you to sell everything from Amazon’s huge stock. Popular industries that have high potential, but also somewhat high competitiveness include: Financial Products, Dietary Supplements, Gambling and Commerce.
What’s your favorite color and scent of soap? Wouldn’t it be fun to play around with variations to be make it even better? And then you could take your finished product and go show it off to potential customers!
For starters, getting a new website to rank in the first page of search engine results of the more popular keywords on the larger search engines is a formidable task indeed. Yes, you can buy advertising to drive traffic to your site, but it is very expensive. Then, even once you have driven traffic to your website, it can be very hard to convert visitors to sales.
Whether you like working with small private parties, large corporate businesses or festive wedding events, catering can provide a steady stream of income. You can even start your own catering company without having formal cooking training…
Service businesses typically require less capital to start and operate than product businesses, because you don’t have to finance inventory. Often, you can ask customers for immediate payment by credit or debit card upon completion of the work, so you don’t have to get involved in extending credit.
This is a sort of quality many people posses. You don’t have to be an expert writer with a lot of credentials, have academic proficiency, or to be honest, to be a particularly good writer. You need to be able to research things you aren’t fully aware of, and be able to express yourself in a certain language. There is so much content being added to the internet, billions of pages discovered every month, and a lot of demand.
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!
I’m not going up in one of these balloons–but I know plenty of people who have, and have had a fabulous experience! This is a good vacation area business, but it could also be a good gift for special occasions. Nail down all of the licensing and safety requirements, and this could be fun business that quickly builds by word-of-mouth.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
If you’re up on the current styles, and can actually cut hair or do makeup, then you can start your own salon right from your home. If that’s not an option, you can always always turn to YouTube and start a beauty channel where you share hair and makeup tips.
That being said, creating your own product is an incredibly fulfilling experience. Several friends from service businesses told me from time to time how much they wish they were in a product business.
Don’t forget good ‘ol lawncare or landscaping. As we become more and more acquainted to the air-conditioned lifestyle more people are going to want to pay someone to do landscaping. If you like to sweat this one may be for you.
Meal preparation services are booming and the Internet is facilitating this, making it easier to attract and service customers. The market includes the elderly as well as busy working people, who don’t always want to take the time to cook. Typically, these services offer just a few meal choices each day, but they vary the selection constantly. Especially if you can build up regular subscribers to your service, you can determine in advance exactly what your food needs will be, minimizing both food and labor waste.
If you are a top seller and have years of experience under your belt, going independent as a manufacturer’s representative may be your ticket to sales success. If you like to sell and yearn to be out on your own, the life of a manufacturer’s representative, also known as an independent sales rep may be for you. Experienced salespeople tell us being a manufacturer’s representative is the graduate level of selling, offering potentially higher earnings and freedom from company politics.
One of the very most critical decisions you will ever make in starting your own business is, for all too many entrepreneurs, never really a decision at all. Many entrepreneurs never really think critically about what business to go into—they just do it. Maybe they have a little experience in one business, maybe they read an article somewhere about someone who made a lot of money in a particular type of business, and maybe it sounded like a cool and interesting thing to do.
If you already have your own website or blog, you can earn money by becoming an affiliate. You can either sell products directly and earn money that way, or you can sign up others as affiliates, much like multi-level marketing.
Having previous SEO experience, a blogging or editing background, strong communication skills and experience using Google Analytics are desirable. If you have these skills but lack experience, taking online courses is an option. Examples of your successful work and references can help you gain new clients.
Excellent article, thanks for the hard work. This must’ve taken quite a bit of research time. I fit in at Number 25 as a Pro Blogger, and can confidently add that it will not be easy. I can however assure you Blogging will be SO worth it, once you get the hang of it.
But don’t let any of that hold you back. With the right guidance and some serious preparation, you can be part of the booming home-based economy. Here are some business ideas you can put into motion right now.
Before you get excited about starting your home based business idea, you first have to make sure you have the right tools in place. The main tool is a speedy Internet connection. Most home based businesses will require some sort of Internet connection. With a good Internet connection, you can also take care of a phone and fax. Isn’t technology great?