We do this all the time. We see a famous CEO and point out how “he took 5 companies public and got a Harvard MBA.” We see a successful children’s book author and point out how “she already knew 4 publishers, so her book got published immediately.”
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.
If you need some guidance on how to connect with influencers, download our free step-by-step guide, “How to Connect with Influencers & Land Interviews.” We even include the exact “copy & paste” emails we used to contact Sir Richard Branson, Arianna Huffington and many more A-players.
I believe more parts of our homes will be smart in the coming years. If you’re a corporate electronics or electrical engineer, you may want to try bringing your automation skills in a business. This is actually a good business to start because most of the cost are shouldered by your clients.
If you’re good in hacking, why not try Facebook’s Bug Bounty Program? If you’re knowledgeable in internet security, you can look for vulnerability issues with Facebook’s website and report it to them. This can be a lucrative source of income.
If you have the right touch, this business can be a goldmine, and very personally rewarding. One of my business school classmates changed into this career later in life and did very well, specializing in putting together highly talented teams for well financed startups, and early stage ventures. The typical head hunter makes endless cold calls–but at the higher end firms networking is much more important.
With the rise of online craft marketplaces like Etsy, people with decent artisanal skills like sewing and woodworking have an always-open market to sell their products as a side business idea. If you’ve always wanted to design and make clothes by hand, then you can start turning those fashion ideas into real, hand-sewn garments and earn a little bit with this side business idea while you sleep and customers from around the world browse your Etsy & Amazon stores.
There is a huge upside potential rebuilding auto parts, like transmissions. However, I have friends who have gone into this business and it can take years to nail down your production process, develop your customer base and start to reap the big money.
With the advent of Fiverr, we saw a brand new way to assign and accept work: little jobs for small payouts. But it’s no party trick. Apps like Gigwalk and sites like Mechanical Turk make it possible to cobble together a living with lots of little assignment each day.
It’s not up to them to approve of your idea or let you know whether starting a business is right for you. Only YOU can do that. This is very different from what we were taught as kids. Starting in kindergarten, we had to raise our hand. “Mrs. Kundle, can I go to the bathroom?” “Yeah, you can go to the bathroom, Timmy.”
If you know how to play an instrument well (particularly the piano or the guitar) and have patience, you’ve got what you need to teach others how to play. Offer lessons in that instrument to others – this can also be an excellent service to barter with, too.
You’ll need an Employer Identification Number (EIN) to open a business bank account and file your business taxes next April. Your EIN is a bit like your business’ social security number: it’s a unique number that identifies your business and helps you file important paperwork. Every business needs one, whether you’ll have employees or not.
People love to be organized but often they never find the time to make it happen. And a lot of people just aren’t very good at it either. You can help people organize their house. And in the process, you can make them feel more organized about their life! What a great service!
Generally speaking the legal barriers to entry for a grounds maintenance company are very low. You should get a county business license as well as liability insurance. Your liability insurance will run you between $400 and $700 dollars depending on where you live. Some services you may be contemplating offering will come with more stringent requirements. Sprinkler repair or low voltage lighting in many states necessitate a separate licensing procedure as well as testing along with proof of time spent working in the industry. Pest control is highly regulated in most areas as well. However, most landscapers repair irrigation and lighting and spray RoundUp with no problems and it pays very well.
With many websites getting the majority of their traffic from search engine results, it is no wonder that the demand is huge for SEO specialists. Sure, the days of playing “black hat” tricks on search engines are long gone, but there are many legitimate levers you can pull to help bring web pages to the first page of search engine results.
I like this business because it seems to be growing fast. Even if you have to buy the furniture, you should get some money back quickly. Furthermore, there is a lot of room for specialization. Maybe you could just stage new homes for builders? Maybe you could focus on upscale apartments? Or focus on suburban homes? On top of this, if you like being around exciting homes and choosing nifty furniture, it could be a lot of fun!
I couldn’t believe it when I first heard how expensive window treatments were! But now I understand, they add a lot to the appearance of a house, and to the utility of particular room. There are lots of reasons why this is a great business. It is a combination of sales and service, especially if you are doing the installation. And people like to see the textures and colors you have to offer in person. You can start this business on a mobile basis with low overhead, calling on customers at their homes and eventually open up your own storefront.
Now that you’ve officially formed your business, it’s time to take all the necessary precautions to make sure you’re fully compliant with the federal, state and local government. Here are the best places to find out about each:
Cooking classes are a hit among the urban masses because food is something that appeals to everyone. As a professional cook, you can conduct cooking classes both online and offline. For the former, you can either use a platform like YouTube and Facebook or launch your own website to serve the same purpose. For either way, the cost is a bare minimum. For the latter, you can book a studio on the days you wish to conduct the classes, which again works out to be fairly cost-effective, taking the selected number of hours and days into account.
If you enjoy taking photos or writing content and don’t mind selling advertising (which can be a challenge if you don’t like being rejected), you might be able to eke out a reasonable second income at this.
I really like the idea of the outdoor deck business. I envision beautiful wood, wonderfully stained and maybe an attractive awning or roof. Outdoor furniture could be beautifully made out of wood too!
Listed below are links to basic federal tax information for people who are starting a business, as well as information to assist in making basic business decisions. The list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business.
You could dream up your own product to make with your 3D printer. But instead I would tend to create products for other people, and not even finished products, but prototypes. I would develop a specialty within prototypes, such as for a particular industry.
You could sell or repair drones, or you could provide one of an unlimited number of drone services. You could provide drone photography or video-taping such as of sporting events, you could offer drones for parties, you could offer drones to inspect infrastructure. There is almost no limit to what you can do with drones!
If you have a good eye for detail work and a lot of patience, homemade jewelry can be quite profitable. As with other items on this list, there are many opportunities to sell such items through local gift shops, craft fairs, or sites like Etsy.
Believe it or not, this freelance bike messenger makes more money than some people glued to their office desks. You won’t rake in a whopping $50,000 as this guy does by just doing this in your free time as a side business idea only, but you’ll surely get a piece of the action. Even Uber is trying out a blueprint for a delivery service, and companies like WunWun and Amazon are stepping up their efforts to expand same-day delivery, increasing the demand for more to jump in on this business idea. If you have a decent bicycle, those pair of pedals might just earn you a healthy side hustle income.
Talk with your bank. Talk with a bank with whom you already have a positive relationship. Ask about what kind of business start-up loans they offer and how they can benefit your business. By using a bank you already know, the bank will have easy access to your financial records and will be more confident in investing with you.
A brand new Amazon FBA business with no reviews and sales is not going to be shown to anyone. A brand new product that has a lot of sales in the first week and a lot of good reviews is going to be shown to people.
If I am running low I will fly in some emergency stock, but the majority I send by boat. On your initial order you could always send a small amount, say 60, by plane and the rest by boat. That way you can be up and selling much quicker.
While having a formal background in graphic design is absolutely going to be helpful, it’s also relatively easy to learn the foundations of graphic design on your own. An increasingly easy-to-use Adobe Illustrator and even more easily accessible tools like Stencil and Visme are making it so that just about anyone with two opposable thumbs, a bit of creativity, and motivation can earn a side income doing things like designing (and selling) images like these motivational quotes that can be printed onto posters and sold on platforms like Etsy. Or you can find a local startup, small business owner, or photographer who could benefit from some extra help designing or altering images.
There is solid demand for this business—and no wonder installing carpet including stretching it out to fit just right—is harder than it looks! Demand comes not just from homeowners but also from commercial businesses. You can land installation work from carpet retailers, from online business service directories, or from advertising on places like Craigslist.
Enter: The Side Hustle. I’ve created an entire podcast to talk about the side hustle, featuring interviews with the world’s top entrepreneurs right here on—The Side Hustle Project. Listen to my episode about How to Find a Profitable Business Idea right here…
Let’s say you can earn around P200 – 300 per container. How much more if you can sell in different places at once? Just hire somebody to sell for you for P100 pesos a day and get the remaining profits. Just learn how to use the power of leveraging.
To be clear, providing care for the elderly often requires a broader set of credentials (as it should) so this business idea isn’t one most people can get started with this weekend. These credentials may include licenses, training certificates, business permits, and tax forms depending on which state you wish to operate, the level of care you intend to provide, and whether you plan on running a formal business or just hiring yourself out as an independent worker as a side business idea. If you’re already giving unpaid care to an elderly relative or friend, you may want to review Medicaid provisions for some compensation. In all cases, you need genuine affection for the elderly, a lot of common sense, and good knowledge of first aid, CPR, and elderly care basics to excel with this side business idea.
Websites aren’t too dissimilar to stocks. Many are junk, but some can generate value for you, making it a strong potential business idea if you have an eye for spotting the diamond in the rough That’s why, like stocks, they are bought and sold all the time. You can buy and sell websites as a side business idea in the hope of generating future earnings based on their user traffic, current revenue intake, domain name, or some other factors that might be a hidden cash cow everyone else has overlooked. Interested? Check out marketplaces like Flippa and Flipping Enterprises to learn more.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of AWM, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.
The hunt for funding has been the bane of an entrepreneur’s existence from times of yore. Many abandon their dream to build, create, and innovate in the face of this difficult struggle without realising that a good business idea will eventually pool in the bounty-full once it has secured a place in the market.
The California Small Business Development Center is a great resource if you need a little assistance coming up with funding opportunities. They’ve got dozens of locations across the state where you can go to discuss potential funding approaches for your business based on all the criteria above (and more).
Sometimes these are full-service firms that not only do the design but also perform the work. The closer your expertise and confidence allow you to get towards high-end landscape design, the higher an income you will be able to command.
Advertise in a way that catches customers attention at a minimum and hopefully goes beyond to capture their imagination. Be creative and appeal to the right aspects of the customers you want to use your business.
If you don’t already have an audience, it might be better to self-publish on Amazon first. That way, you can validate your course idea, grow your email list (just make sure to have an email opt-in at the front and back of the book!), and more or less create a rough draft of the course (since it will probably be similar to the book).
During summer and even regular days, a lot of people are traveling going to schools, work, and etc. One of the businesses I’ve personally tried is selling drinks that quenches the thirst of people who are on-the-go. I’ve tried selling coconut juice and chocolate drinks which only requires small amount of capital like around P150 pesos.
The Internet has created opportunities for people who can sew and design custom clothing for special events. Many people have found success creating custom birthday outfits for babies and selling them on sites like Etsy or eBay, for example. In addition to selling online, you could also market this service to people in your local community.
Many dog lovers just love dogs but are not knowledgeable in training their pets. If you’ve got the knack in training dogs and you fully understand their behavior, response, how they think and what not, you might want to put up your dog training business.
Whether you’re planning on delegating all of your marketing efforts to a professional or leading the expedition on your own, it’s important to keep a few fundamentals in mind so you can gauge the success of your marketing strategy.
Know your target market. We already discussed this briefly in Step 1, but it’s worth drilling in. If you don’t know who you’re selling to — specifically — there’s no way you’ll be able to market to them successfully.
Whether you’re making onesies and quilts for sale online or at local markets or doing repairs and alterations for locals with ill-fitting clothes, your sewing machine could be your ticket to a work-from-home business.
An eBay business could be built into a sizable enterprise, but don’t rush it! Watch your gross margins, ship and pack carefully! Don’t touch any items that might possibly be counterfeit or of questionable quality. Finally, if you are going to specialize, try to find some area that you really enjoy!