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Another huge issue in the rental business can be cyclicality. When the business is booming, it can be great. When the economy turns, it can be a disaster. I know a highly experienced construction equipment operator who couldn’t pay his bills and nearly went under during the last economic downturn. Eventually, however, he survived and became hugely successful. Another friend did very well renting out Dumpsters in the construction industry even though he had no experience whatsoever when he started.
Are you artsy? Make and sell hand-made goodies for profit! People are selling everything from homemade candles, and handbags, to jewelry, soap, tutus … and the possibilities are endless for those who have a creative flair.
You don’t need to have a degree in journalism to be a reporter these days (and pursue this business idea). Plus, there are many news websites that can always use a bit of help on getting local coverage. Some of them, such as The Examiner or HuffPost, will compensate contributors based on ad revenue generated per article written—a great incentive to provide compelling content to news organizations as your side business idea.
A lot of my friends fly planes. And in many cases their teenage kids do too! They all started with flying lessons. To get certified to the point where you can teach basic flying lessons in a simple, single engine plane, may be easier than you think.
SeedTime (formerly ChristianPF) is a community of Christians desiring to use money wisely, enjoy it, and to communicate His love via giving. We are your go-to resource for practical tips to earn more money, save more money, and Biblical wisdom about how to better manage your money!
Are you an extrovert that loves meeting new people? Selling insurance products—particularly life insurance—may be a great way to bring in some extra cash and build residual income in your spare time. Selling life insurance on the side could quickly generate a consistent $1,000 – $2,000 per month depending on how much time you invest in this side business idea. To get started you’ll likely want to take an online course to brush up on the subject matter, and then pass a state licensing exam. The biggest challenge you’ll face as a new agent is generating sales beyond just helping out friends and family. From there, it’s all about networking and lead generation to grow this one. Learn more about this side business idea with this getting started in life insurance guide from the team over at NoExam.
I am from Cape Town South Africa, unfortunately I had to give up my extremely stressful job up of 18 years due to ill health (caused by stress), but due to the current economic situation in SA, I am finding it extremely difficult finding work despite my experience and also my age is counting against me (58 years).
Since there are more than 46 million people in the U.S. who are 65 years of age or older, and that figure is expected to increase to approximately 98 million by 2060, there are a lot business opportunities involving seniors.This includes companionship, running errands, or providing advice for family members.
Like drinking beer? Why not try making it yourself as your side business idea? With enough patience and skill you might end up brewing something that others are willing to pay to drink. Pick up an easy-to-use starter kit from Mr. Beer online, invest the time it’ll take to perfect your craft, make a unique brew and start shopping it around to friends & family to see what they think of this side business idea.
Are you a foodie? Create and sell food products, from gourmet peanut butter to spicy sauces and salsas, the niches available are endless. Try testing out your food creation on a smaller site like Foodzie or learn how to bring your food product to market.
If you own a car but barely use it, you can make some easy cash as an effortless side business idea by renting it out on Turo. Before you freak out, know that there’s a $1 Million insurance policy on all cars, plus drivers are prescreened, so you can have peace of mind.
Great list! I work as a Survey Taker and Singer from home. I enjoy writing and look forward to starting a freelance writing career. If you have any advice for me I am open to it. I am a beginner. I write poetry, songs and enjoy topics on family and entertainment such as movies.
While selling items doesn’t seem like an actual internet business, some individuals turn it into a business by buying clothing, books, and various items at garage sales and thrift stores — then they turn around and sell it for a higher price on sites like Craigslist, Amazon, VarageSale, eBay, or Etsy.
Great ideas. I currently work from home and love it. It beats driving 2 hours in traffic any day. I constantly have people asking me about jobs from home, so I’m going to have to pass this list along.
This could be a lot of fun, playing store merchant every now and then, when you decide to attend a flea market. There are general flea markets to attend, plus more specialized ones. For example, being a model railroad buff, I notice the many model railroad vendors who travel to model railroad shows around the northeast, selling new or used model railroad supplies. You could make your own items to sell, trade used items, or sell new items that you buy wholesale. The options are endless.
The amount require to set up a Bakery is directly related to the cash at hand, if you want to start small you can get a small parcel of about half a plot or a full plot of land and build a clay oven, it will cost you about N400, 000 to start, while it will cost between N4, 000,000 to N5, 000,000 or more to start on a large scale.
Not every home-based businesses needs a federal employer identification number for tax reporting, but some home businesses can’t operate without one. If your business is a corporation or partnership, you’ll need to apply for an EIN with the Internal Revenue Service. If you’re a sole proprietorship or independent contractor, you can use your Social Security number. You can still apply for an EIN, but it’s not mandatory.
There’s more to being a coach or personal trainer than just being fit and loving to exercise. Finding a specialization is important, and licenses might be required for certain types of coaching roles. For instance, a friend in Boston obtained US and European soccer-coaching licenses before opening a successful one-on-one soccer-instruction business.
Video Production: If videography is your hobby, this is a great business idea. You can offer to make, edit and download videos (online or to DVD) for your clients. You will need professional equipment. Display your portfolio on your own website.
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.
Potential challenges: Starting a food business can be complicated, as you’ll have to deal with permitting requirements and health department regulations. Other obstacles include securing a desirable location and fierce competition, although these factors may depend on your local market.
I have been in Automotive Purchasing for 20 years and I truly believe there in as need for virtual Purchasing. I just don’t know how to go about it. This sit is amazing and is making me very excited to push forward.
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…
We don’t manufacture as much in America as we used to, but the phrase “American made” still means a lot to some people. Artisanal items are also popular, making now a great time to start a furniture-making business. This might not be the easiest idea to start from scratch, but if you already own the equipment you need, you can start producing pieces to sell at fairs and online on sites such as Etsy.
The micro finance bank provides for two categories of MFBs. Credibility would be another major issue for the emerging micro finance banks. Depositors would need solid assurance of the safety of their funds, just as the MFB operators would by the same token require some form of guarantee of repayment of their credits.
This is not my favorite business on this list but I feel compelled to list it because it is so popular. So why is it not my favorite? It tends be very competitive, hard work and relatively low profits. So, if you do go into this business I would do everything possible to differentiate your business and to be able to charge premium pricing.
Proper wheel alignment is important for the responsive steering and for getting the longest life out of your tires. Car needs a wheel alignment after every 5000 Km, thus starting wheel alignment business is among good business ideas.
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
I see two routes to success in this business: 1) Focus on artists with well- established followings that you are comfortable that you can sell or 2) Take on less well-known artists on a consignment basis, meaning you don’t actually buy the painting from the artist until the day you sell it. This can be a finicky business–people’s tastes can change and a gallery that is successful one year can find itself struggling enough. So, keep your overhead manageable and watch for changing trends.
From the inside looking out, I want to see the world as clearly as possible. And so do a lot of homeowners and particularly office managers. Now that creates a demand for window cleaners to step into this business idea, especially if you can land a contract cleaning windows for an office building. If you want to try it out as a side business idea, here’s a step-by-step guide on how to start a window-washing business at home.
Balloons: Find a unique angle such as designing and delivering balloon arrangements, a balloon decorating service or balloon themes for parties or weddings. The best marketing strategy is to demonstrate your product with a free display and lots of flyers. Find restaurants, supermarkets or other local places that will attract your potential customers.
If you can create a regular audience for your podcast on a specific topic, this is a great way to get sponsors and fund this side business idea. My podcast, The Side Hustle Project is actually my current side business idea, and because I had an existing audience here on my blog at the time I launched the show, I was able to broker a $5,000 sponsorship from Freshbooks to place ads on the first ten episodes before I even got started.
Opening up a retail business online—or an e-commerce site, if you prefer—what could be easier? Just throw together a website and wait for the orders to roll in, right? No, it just isn’t that easy. First and foremost, it is much harder than you might think to get visitors to come to your site.
Saying no to anything that isn’t in your direct line of fire may be difficult to do at first, but can actually be one of the smartest business decisions you make in the long run. Even if it means firing your own customers. Why? Because it frees you up to focus on your target, it allows for more space and bandwidth to grow, and makes you available for the yes’s.