For most people, successful investing will involve selecting mutual funds or ETFs, not individual stocks or bonds. That means to become a financial planner you don’t need to be a Wall Street wizard. You will need to understand the basics of investing (such as the importance of being diversified and understanding and respecting your client’s risk profile!) but this is very learnable. Study hard for this profession and you can do a tremendous service for people by helping them protect and growth their hard-earned money.
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!
Sure, any business owner could develop a website for free using the increasingly sophisticated templates available today – but that doesn’t mean there isn’t a good business demand for helping people in the process!
Coming up with a good idea isn’t a static process; it involves a lot of trial and error. The best way I’ve found to generate ideas is to write and write often. Make lists every day of things that you might enjoy, and try to figure out how you could make money doing them. To help, here’s a list of 50 business ideas you can begin building as you continue plugging away at your 9-to-5.
Recognize that getting your business off the ground will take time. Most businesses don’t become either profitable right away or plan for that in your personal life too. You will be making sacrifices to be your own boss.
LLC: LLCs are the most popular business structure because they offer the protection of a corporation without the double taxation or extra paperwork. California allows SMLLCs (single-member LLCs), so you can form one even if you’re the only member of your company. Read our guide to more about how to form an LLC in California.
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.
A few years ago, I overheard a conversation in a gym about a fellow who was planning on starting an Irish pub, of which there are close to million (well almost a million) in Boston, but then changed his mind and opened a pub focusing on craft beers. It was wildly successful! In addition to being a unique idea at the time, he also chose an excellent location and developed a solid food menu. Unless your overhead is extremely low, you are probably going to need to serve food to make a go of this business, so yes you can be extremely successful–but it is no small undertaking.
A spate of natural disasters and manmade emergencies has increased the demand for services and boosted startup funding. Revenue for the disaster relief industry is expected to jump to $11.2 billion in 2022 from $10.1 billion in 2017, according to IBISWorld.
If jewellery made from real silver, gold, and diamond were all we had as options today, we’d possibly be roaming around empty-pocketed for most of our lives. However, custom jewellery has been part of our ancient tradition and is still one of the most profitable markets today. To look into that business, you should be prepared to get into well-placed bargaining deals with the manufacturers of these customised pieces, either offering them a good cut from your sales or buying their products in a bulk, for a cheaper price. Either way, the trick is to sell it at a higher price than it was bought at, in a shop or stall (in a popular place), for which you need to pay for rented space. Despite this, your overall collective cost will possibly be covered in within Rs 7000-8000.
I also do a tiny bit of consulting at $200 an hour. If you are in whatever country I happen to be in (check my instagram to see where I am) we can meet up, or you can schedule a call with me through Clarity. It could be specifically on Amazon FBA business, or on anything I talk about on this blog.
Know someone who rents out property to others? Perhaps they could use a hand managing their property. If so, you can make a decent amount of money on this side business idea with relatively little work on your part (most of the time). It’ll take some hustling and the willingness to be flexible with your schedule, as you’ll be responsible for collecting rent checks, managing repairs and improvements, and simply being on call for emergencies. But, a property manager is essential for most real estate investors that have a large enough portfolio, so there’s definitely merit to this business idea.
You can power wash houses, commercial buildings, driveways, patios, motor vehicles and more. You will need to be registered, probably have to post a bond, and there may be environmental issues because of the water usage. This is a business you will want to learn carefully. But the upside is that there are many potential markets for your services.
Early childhood learning seems to be the rage. Even many games have an educational bent. With such high interest this is a competitive space, so you need to specialize. Perhaps specialize in children with learning disabilities, slow learners, creative play, or “gifted” kids.
Have you cracked the code for landing higher paying jobs at the drop of a hat? If you have a knack for helping your friends or co-workers navigate the process of finding their dream job, nailing an interview, negotiating a better salary or getting a raise at their current day job, other people would be willing to pay for your help too—making this a great side business idea that doesn’t take too much time. Get started by sharing your advice on a personal blog and becoming a career coach on platforms like The Muse and Coach Me where there’s already an existing audience of people looking to make a move in their careers. From there, keep your focus on helping people get real results, building case studies to support this side business idea, and eventually charging for the results you’re delivering clients.
There is absolutely nothing that will get you more calls than an expert looking and useful internet site. It is a bigger cost of both money and time in advance, but produces yields that exceed any other marketing technique. As soon as this is done, an internet site will need nothing but periodic upgrading of pictures and updating. A fantastic internet site is the key in the yard care market for numerous reasons listed. To begin with, not many lawn care, pressure cleaning, irrigation repair, and landscape lighting companies have internet sites and the ones that do generally have very amateur or sloppy websites, which does not gain customers. This indicates that there is less competitors online and it is easy to rank your website on the top pages of Google and on Google business listings in a relatively brief amount of time when making use of proper lawn care SEO techniques. Think about adding a local lawn care blog like this one about lawn care in Chicago to your website so that you can easily add fresh content. Even more individuals than ever are browsing the web to discover services because of how easy and fast it is to do and you need to take advantage of that. As an added bonus offer for having a website, you will get a bulk of the calls from individuals that possess second homes in your area or that are out of town and forgot to make plans for their lawn service. These people are frequently the very best customers since: 1) They aren’t there to complain about anything and 2) They are generally going to pay greater rates because of their have to get it done. This lets your consumers contact you by any means of email or contact form on your website so that you can begin to build an e-mail list to send out landscape discounts or fast communication with your clients which will conserve you hours of time and energy over the life of your business.
If you have done some browsing on Alibaba, you may be a bit shocked at how cheap the factories are selling wholesale quantities of their goods for. Unfortunately, it’s not quite as simple as taking the price you sell it for and minusing the price you paid, There are a lot of costs to include.
Starting a business these days is also surprisingly cheap. If you’re dying to get out there and start making money online, but you think that surely you’ll need thousands in the bank first, we’re about to prove you wrong.
Writer, side project aficionado, and part-time entrepreneur. Join me here, on ryrob.com and learn how to start a business while working full-time. Let’s chat on Twitter about business and side projects.
The average price charged for weed beds monthly is between $25 and $50. The price can however vary depending on factors such as how many weeding sessions are required and also how big the garden is. The bigger the beds are, the higher the cost of maintaining them. There are cheaper ways of eliminating weeds on your beds through mulching which is effective and capable of eliminating the cost of weeding beds completely.
If you have expertise in a field, why not teach it to others? You can transform your knowledge into an Ebook and sell it online. You can publish your e-book in your own website or you can sell it through amazon and other similar site.
We all have something that we are good at, so why not try to sell your services in the form of a private lesson: a very low risk start-up. You might find teaching the lesson to be the easiest part. Along the way you’ll gain valuable marketing and sales experience in your search for clients and practice skills like negotiation and client management.
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.
Purchase equipment. Purchase all of the things you need to start work. This can mean mechanical equipment, computers, telephone, or craft supplies. It all depends on what you are doing. Try to purchase from business supply companies as they will have significant discounts. If you are short of capital, lease or rent is an attractive option too, so as not to block your funds.
We all know that the traditional print media—newspapers and magazines—have been devastated by online advertising competition, so why not focus there? Isn’t everyone starting an online blog? How hard can it be? Well, it’s easy to start an online blog. But it is nearly impossible to make any significant money at it.
Set up an online system. If you plan to have products for sale online you will need to make sure to set up an accord online payment system. Services like PayPal make this incredibly easy. Research to find out which method is best for you. However, make sure that whatever system you use is secure. You don’t want either your information or your customer’s information to be hacked or taken advantage of.
1. Find 1 person — JUST ONE! — who might be interested in your idea. You can do this via email or in person. If you’re not sure, ask ANYONE that’s close to you, even your parents. We’re not aiming for perfection right now, just people.
Many small business owners cover their start-up costs entirely through loans, with the expectation that they will begin paying back the loans with the profits from their new business. New businesses can take months or years to generate a profit, however, and loan payments can really become a millstone around the neck of a fledgling operation.
Uber is one of the most successful businesses that just recently boomed and here’s the thing: You can make an app similar to Uber where you can offer different service. There are a lot of other businesses that can fit inside Uber’s business model.
Starting as a franchise can give you an upper hand by buying into an already established brand. You can leverage the brand’s already established customer base to drive sales as well as use their knowledge and proven marketing and operations strategies to run your business. However, within the online boutique space, there are not a lot of options. In many cases it is more cost effective to either start your own brand or buy an existing one.
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.
Read our Tax topic for information on the how taxation applies to business, including taxation and your employees, income tax, land tax, GST, capital gains tax, rates and taxation when selling or closing a business.
Who doesn’t appreciate fresh fruit-juice on a sweltering day? To tap into this lucrative business, you have to start by requesting for a permit to open a kiosk in a chosen locality, preferably one that is hard to miss. Following this, you will need to pay rent for shop-space. Other than this, the only other investment you need to put your money up for is for the purchase of the raw materials, supplies like machines for making the juice, and the salaries of the employee(s) making the juice.
Would you mind giving up a life outside of work? And, if you have a family, how do they feel about it? “As an entrepreneur, you’re always on call, including nights, weekends, and holidays,” notes Gottlieb. “I’ve had to miss a lot of birthdays and events, and let down a lot of family and friends. At one point, I realized I hadn’t taken a vacation in 14 years.” In what has to be in the running for Understatement of the Year, Gottlieb adds, “The life of an entrepreneur is not in everyone’s DNA.” Many entrepreneurs — including those who have real-life, flesh-and-blood spouses or significant others — say they feel married to their companies.
Ghostwriting pays pretty well, and if you’re talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO’s—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
My wife is quite handy with a sewing machine and often hems and modifies our children’s clothes. She could easily take this a step further and offer her services to others, doing basic garment repair and modification for a small price on lazy evenings.
Once you’ve established yourself in any number of freelance verticals online, spending your time focusing just on doing inside sales (booking freelance contracts with high-value clients) and then subcontracting your work out to other freelancers can help significantly grow your client list, and revenue generating possibilities with this business idea.
A vending machine business is easy to start up and maintain. Because vending machines have evolved beyond candy and soda machines, the opportunities to grow with a new vending concept are favorable. You can begin the business by purchasing machines from a supplier and establishing relationships with business clients who will use your machines.
Are you the control freak when it comes to travel planning? Do you love planning out an itinerary, scouting the internet for hours for the cheapest and most effective ticket combinations and have the history of a heritage site mugged up? If yes, then you should look into opening up a tour-guide business, where groups of travellers (school-trips, college-trips, tourist-travels) can ask you to not only make all the arrangements for the trip but also guide them through it, as the leader of the pack. Since the entire business can be carried through the internet, there is no other starting cost that you need to worry about, other than perhaps maintaining a travel-guide website for your potential clients.