In his days as a commercial banker, my father financed a number of health clubs, and they all complained about the same issue: it was relatively easy to sign up new members but hard to retain them, as customers tired of exercising after just a few sessions. This is a business that you can make millions at with even a single location, but it is also a business that is riskier than it may first appear. I would suggest starting with a very small location, perhaps even a members-only key-card accessible location with no employees on site, and learn the ins and outs of the business before getting too carried away. And of course, there is all kind of potential for specialization in this field.
Everyone wants videos for their website, and corporations and non-profits are willing to pay good money for high quality service. This is a local business because you need to be onsite with your camera.
Find a profitable market. Brainstorm some ideas, do keyword research, and try to get as specific as possible. For example, there is probably a lot of competition for selling surfboards. But if you narrow it down to surfboard racks, you may have a better chance of standing out in the market.
I would recommend that you hyper specialize if you are starting an e-commerce business. Why? Because many e-commerce websites have very deep pockets and patient investors and are willing to sell products for razor thin margins (i.e. Amazon) or even at a loss to build market share. That being said if you can show some solid revenue in this business, and especially if you have repeat customers, you will have a business that is worth a lot of money even before it is profitable.
As an event planner, you can either go corporate or social. Corporate market includes companies and other organizations. If you have communications with HR department of companies, this can be a profitable business idea.
If you’ve always wanted to publish your own book as a side business idea, there never been a better time than now. That’s because access to self-publishing tools and marketplaces has never been easier and more affordable. This eBook writer currently earns up to a couple of thousand bucks each month from six ebooks she published; while you can reportedly demand around $1000 per eBook project serving as a ghostwriter. My good friend, Caroline Beaton used freelance writing as her side business idea to eventually go from secretary to self-employed, while focusing on her own personal development and looking inward to discover what she’s truly passionate about.
Assuming that you intend to take up professional photography, you may already are in possession of a high-definition camera. Without taking the latter’s cost into consideration, as an aspiring photographer looking to take on independent projects, the only investment you need to make is your time in building your profile online.
This is like a simplified version of a flower delivery service, but without an inventory that is constantly becoming obsolete! Plus, balloons suggest fun and light-hearted cheerfulness, perfect for many occasions!
Hello, I am looking at starting up my business. I have been doing it for over 15 yrs but only part time as i worked as a Professional FF. My clients were all family and friends and there neighbors. I have now moved to a new area and have wanted to start it up but have been hesitant on doing it. Now I have been laid off and fortunately thanks to my wife and her career I am in a position to be able to start it. I already have all of my equipment but what I need is advice and guidance on starting it proper. Like licensing and insurance and the best way to reach out to get customers.
Luckily, there are tons of ways to start businesses and make money with a side hustle while still leading a well-rounded, meaningful life. If you play your cards right, you’ll be able to quit your day job and grow your side business idea into an empowering self-employed career.
For those who are getting into the world of ecommerce or looking to start their own online businesses, then do be sure to check out our recent in-depth reviews of ecommerce platforms like Shopify, Big Cartel, and Squarespace, which offer free trials.
Everyone puts off cleaning up their messy garage! They need your help! And lots of people, especially guys would jump at the chance to have a beautifully finished garage to proudly house their favorite automobile!
Employed techies planning to earn some extra side income can leverage their software and hardware skills by offering home-based computer repair services as a business idea that engages their passion. If this rings a bell, you can start with a modest one-man tech team before envisioning a scaled-up operation as massive as Geek Squad. Remember, you can provide home service locally as a starting point to this business idea, as well as offer remote support through online messaging and video calling services before making your way into a retail setting.
Not only is a fashion blog fun to create, but it is the kind of blog that you have one of the best chances of monetizing. If you can develop a significant following you may be able to earn money as a paid “influencer” for brands. Creating a successful blog can take a long time so make sure it’s something that you enjoy doing.
My Adams Media book publishing company became one of the largest-selling publishers in the US of resume and cover letter books. We sold millions of these books! The demand for helping people in this space is insatiable!
Rental businesses are not as easy of a way to make money as you might think, but there are many rental firm owners who have made a lot of money. It takes time to develop a steady patronage and iron out the operational issues of running the business.
You need a marketplace or a specialty. Even if at first you have access to a lot of unrelated items for good prices, try to develop some focus. You will get to know what sells and what doesn’t sell; you will learn what sells quickly; you will learn how you should price and describe your wares; and you will learn what to expect from customers. With a specialization, you can ideally acquire some repeat clientele, developing a good reputation and building word of mouth and confidence in the process.
If you play your cards right, certain types of businesses will pay you to promote their products and encourage sales. If you’re interested in learning more, check out affiliate marketing programs such as Amazon Associates, Commission Junction, LinkShare, and ShareASale.
My name is Bob Adams. I have started dozens of businesses and made millions of dollars. I also have an MBA from Harvard Business School. I have run not just lots of businesses, but also many types of businesses, including a number of very small businesses that I ran before going to business school.
Another successful event planner, Jenn Sbranti of the Hostess with the Mostess, went to college and got a bachelor’s degree in visual arts — not event planning. She said, “To me, event design is very similar to graphic design though. Whether you’re designing a website or styling an event, it’s all about color, composition, a smart, functional layout, and – plain and simple – creating some eye candy!”
If you’re passionate about the business world or able to influence and encourage others in your own unique way, you may want to consider marketing your services as a business or life coach. Use your passion and expertise to give advice and suggest actionable steps people can take to improve their professional and personal lives.
Many elderly people need assistance with a wide variety of simple household tasks – cleaning, laundry, and so forth. Many adult children of elderly people are quite willing to hire someone to help out their parents.
We personally use Infusionsoft at Foundr, because we have a subscriber list of over 300,000 people. For someone just starting out, however, there are several tools out there that you can use to get your email marketing into shape and even create automated email campaigns.
If editing and advising college students on how to write compelling 500 word essays on topics such as “You were just invited to speak at the White House. Write your speech,” seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.
2. “Test” for language using this script: “I’m thinking of starting some kind of website around [YOUR IDEA]. When you talk to your friends about it, what do you say? What’s the biggest problem around [YOUR IDEA]?”
We all wear clothes (at least some of the time). Which, of course, makes the business idea of cleaning soiled laundry an obvious hit. In fact, the self-service laundromat industry in the US is worth more than $3 billion, with many related businesses such as a mobile app laundry service, a real rolling mobile laundry service, and home laundry pickup & delivery services springing up each year. Here’s one way you can cash in on the trend as a side business idea.
Photography can be very competitive and having a specialty, such as boudoir, can help attract customers and justify higher fees. The market for this tends to be brides and young wives buying pictures as a gift for their husband.
A lot of people don’t want to leave their bowser at the busy kennel along with all the other dogs. They are willing to pay a premium and even drive a distance to a place where they believe their dog will be pampered.
Federal: The federal licenses and permits page on the Small Business Association’s website outlines all the business activities that call for special permission from the federal government, and directs you to the proper agencies. They also have a decent article on business taxes, but the best place to learn about this is on the IRS website.
To the customer, there is almost no difference between purchasing from Amazon directly and from a person selling their items on Amazon through Amazon FBA. They get the same delivery options, the same returns policy and the same customer service team.