Wait, Almost there...
It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that’ll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you’ll be able to charge an average of $229 per return as a freelance tax preparer with this side business idea, according to CNBC.
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.
Retail is a lot tougher than ever before, and it’s getting more difficult every day! Why? In addition to the huge discount department store chains like Walmart continuing to take market share, the so-called category-killer superstores or big box stores continue to threaten smaller retailers in all kinds of categories. Then on top of that, you have the Internet companies, like Amazon, which are more than willing to run their business at a loss today in hopes of making it up at some point in the distant future.
Anyone with a background in dance and access to clients with similar interests can offer dance classes from home. You can either set up the actual studio in your home or rent a space and use your home to do the administrative work.
This is one of the most-clever businesses I have seen! Here you get to have your own art gallery with no overhead! You arrange with a restaurant or bar to host your pop up art gallery at no expense to you. The venue benefits from selling food or drinks and the publicity your event will bring. The paintings or other art you obtain on consignment so you don’t lay out any cash for that either. Then you arrange the promotion. They key to this business is building your email list and social media contacts so that are able to build up a regular clientele without having to own a storefront or spend money for advertising.
Real Estate: Either by REIT, Real Estate Mutual Funds, Buy and Let, or simply buy assets for their future increase in value. Overseas property is also a part of this. Read the following New Real Estate Investor Tips here.
Even though I wasn’t making very much at the time, when I got laid off in 2008 I was very happy that I had started a side business that was another source of income. Even if you don’t have aspirations of working full-time from home, having a little supplemental income would be nice – wouldn’t it?
Drones are gaining a lot of popularity, both with businesses and individuals. That means there are lots of people who are looking to learn how to use them. So you can offer them lessons right from your home.
Health and Safety Permits – Similar to professional and trade organizations that require licenses, you may also need health or safety permits in order to legally operate your business. Checking with your state’s environmental protection agency is a good place to start.
Do you love to plan parties? Do you have an eye for detail? From weddings and birthday parties to baby showers and retirement parties, Event Planners handle the details of location, budget, lodging, decorations, entertainment, food, beverages, transportation, activities, invitations and the like.
I see this as an arbitrage opportunity. You finance your fitness rental equipment as one package at a low rate, and then you rent it out to your clientele at a much higher rate, providing them a service they can afford. Nice for everyone! My experience in the rental business is you need to pay careful attention to what happens at the end of the rental period—is the equipment still rentable? Is it sellable? And what happens when the equipment breaks down? Work out these details and this could be a solid and very scalable business.
Cash 4 Books is an online business where you can sell new and used books. Grab your books and head to the website; here you’ll be able to enter each book’s ISBN, which is a 10 or 13 digit number that can be found on the back cover or inside the front cover of almost all books. Once you have entered each code, you’ll receive a quote for each book. Next, send your books in with a pre-paid shipping label. Once they receive your books, you’ll be paid either via check or PayPal.
An exclusive distributor, on the other hand, typically has much higher gross profit margins and may sell goods to wholesalers as well as directly to retailers or end industrial users. Sometimes the exclusive distributor imports a foreign product.
The holidays do bring cheer, but when winter comes, so does the snow. Thick, traffic-hindering piles of it. Snow can be fun for a while but somebody has to get rid of it for our lifestyles to continue onward. Make extra money with this side business idea from home by offering snow and ice removal services.
Many people give up on their faulty laptops, mobile phones, or cameras without even looking into the cause of their malfunctions. If you have the skills to fix them, consider pursuing this side business idea of refurbishing and reselling used electronics in your free time.
Coordinate a group of trusted mentors to counsel you on key issues in growing your business. While an advisory board may not seem like a critical component of business success, it can actually become one of your most important assets in business development — providing the strategic advice and complementary skills to take your company to the next level.
I loved to collect stamps and coins when I was a kid. In Boston, the dealers’ stores were all side by side on Bromfield street. Today some coin and stamp dealers still have retail locations but many others work primarily online. This is a great business to start part-time and then consider going full-time later on. Or is it just a hobby with the potential for making a lot of money? American President Franklin D Roosevelt would spend many enjoyable hours alone with his stamp collection.
The list given above applies to any business. However, there are licensing rules that are triggered when a business is operated from a home (or in an area zoned as residential) and special considerations that come into play for the general type of permits.
This is good specialized business with a specific, clearly defined market to target. Until you have started to gain momentum you might want to find someone you can rent a horse trailer from on an as-needed basis. Then buy your own trailer after you start to build your customer base.
This session will review the do’s and don’ts of operating a home-based business and will also state the case for not quitting your job at all. Keep in mind that operating from home still requires business skills just like any other business. And it will be important to gain understanding in all the other sessions contained in the My Own Business Institute course(s) as well.
More and more seniors are wanting to avoid nursing homes in lieu of staying in their own homes. Offering non-medical home care by assisting the elderly with regular daily tasks could be rewarding and profitable.
Your initial step is to find out fees charged for items and for how long. Then you should investigate the cost of making or buying some of these items. How much you make is directly related to the number of customers you have. A dozen of plastic chairs is being rented out at the rate of between N300 to N400 per dozen, while double canopies goes for N800 each
Market your new home-based business using both online and offline methods, including issuing press releases to local and state media, such as Smart Company Magazine, advertising in local newspapers and magazines and starting a blog on your website.