Find an audience for your passion or hobby and you’re all set to monetize something you love via a niche website as a side business idea. That of course, is easier said than done, something not intended for the faint of heart. Prepare to invest a lot of your time, but if you can hurdle the steep challenges and positively answer a few key questions on whether the website business idea you’re thinking about is profitable, then you can begin building it.
While names like ‘Ovenfresh’ have taken years of hard-work, recruitment, and funding to reach where they are today, it only goes to show that the market is ripe for online food-based services, especially in the realm of baked foods. Single-handedly run online baking companies are popular, too, like Confectioner’s Touch by 23-year-old Charulata Ghosh from Kolkata, which has been turning heads and raising numbers since its inception in 2013.
On the other hand, with our Facebook audience, we’ve found videos to be particularly powerful in terms of bringing in new followers and engaging our existing followers. It’s also a great platform for us to promote the latest post on the Foundr blog, and the occasional motivational quote as well.
Just on the Foundr blog, we’ve got full articles detailing how to do a product launch, in-depth guides on how to grow your Instagram account, the best ways to come up with a startup idea, and so much more. The best part is that it’s all free.
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.
While this is a long list of business ideas—I have carefully pruned it for you. I started out with an initial list that was more than twice as long…and ruthlessly chopped off the weaker business ideas that I didn’t want you to consider starting.
Nothing beats teaching more novice learners about your passion, hobby, or craft as a business idea (that’s a common theme here). Explore dozens of DIY portals (such as DIY.org, DIY Network, Instructables and Mahalo) to get business ideas on how to earn a healthy side income just by showing others how to do the things you love. You can also sift through the countless ad-supported YouTube channels that teach just about anything from guitar strumming to 3D printing.
Tracing the business history of our country, it has been noted that the market is ripe for the ambitious entrepreneur to dominate it today. Some individuals may have the business acumen to influence the market but have not yet managed to narrow down on a single idea to begin with.
If you’re a contractor that has a lot of connections with people, suppliers, laborers, and etc., this small business is can be really profitable. This is a good business because you don’t necessarily need a large budget to start or a large office space to rent.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you’re leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
If you know how to design, draw and cut patterns, then putting up a design and sewing business may be for you. You can also accept clothing repairs or adjustment services. You can start your business at your home. If you still don’t have a studio or shop, you can just simply put a tarpaulin banner in front of your house and start from there.
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel’s great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you’ll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
One of my friends took over her father’s dry cleaning business that over a lifetime he had built into a dozen stores. This is really hard work. Every item has to be handled many times. Customers can be demanding. And it is competitive. But if you are willing to work hard, you can make a very solid income.
Carpets make your home warm and cozy. But they also tend to gather dust, grime, stains, allergens and bugs over time. You can tap into this opportunity by launching a carpet cleaning side business idea or serving as an independent contract cleaner in your free time. Either way, you’ll need to invest in proper equipment such as vacuum cleaners, carpet brushes, and cleaning chemicals in order to launch this business idea. Look into the possibility of renting equipment for a full weekend and lining up 5-10 clients to service, to offset your rental costs. If you turn a healthy profit, you’ll eventually be able to invest in owning your own equipment and increase your margins, thus going from side hustle to serious business.
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:
Sometimes it seems like there’s an app for everything. Yet somehow, new ones keep popping up and selling for lots of money, all the time. If you spot a niche that hasn’t been filled to its potential just yet, and you can learn the coding skills (or know someone who already has them), you could be on to something with this side business idea. Today, it’s even possible to build an app without any coding skills whatsoever. Just make sure you validate your app idea before jumping too far in. Even if your app business idea doesn’t pan out to be a best-seller, you’ll still pick up valuable skills.
The travel industry in India has witnessed a boom in the past decade. Keeping to people’s changing habits and their desire for the ultimate ‘wanderlust’, the time is ripe for aspiring entrepreneurs to put their money where the map is. The most cost-effective measure to open up a home-based travel agency is by tying up with a host-agency. By doing so, you will receive the benefits of pace (helping you get your ARC, CLIA, or IATA number faster), convenience (they perform all the ‘back-end functions’), and help you earn higher commissions and keep your costs low. While the rates differ according to the host agencies, your main initial costs that will fall within Rs 10,000.
But if you like shopping, there are plenty of people (typically busy business executives and the like) who want to hire you to do their shopping for them! With this business, I’d particularly emphasize the personal touch when seeking customers. Reach out to all possible contacts and don’t be shy to push them to pass the word on to everyone they know. This business is an obvious candidate for social media promotion. I would also consider starting a fun blog on what cool styles you are noticing in the stores today!
One of the great things about rehabbing work is that you can pretty much control your work schedule. Furthermore, if you are careful, any money you have at risk should be fairly well protected by the underlying value of the property.
My previous book publishing business, Adams Media, is a product company. Thinking about the contents of each book, how to position it, how to package it, and who to market it to was all fun work. But seeing the finished product and seeing consumers using it was a great feeling.
One of my top employees started a laundry service while in college. He contracted with a local laundry matt who charged him a lower rate for the volume be brought them and made the difference in price. They laundry matt would pick up and drop off the clothes for him so all he needed to do was find the customers. They even paid him online through PayPal. Very low risk yet a great start.
Every business needs help with their Internet marketing. And now I see even the smallest businesses hiring specialists for individual aspects of digital marketing. For example, they may hire one expert for pay-for-click search engine advertising, another for Facebook marketing and still another for SEO for their website. So, you could focus on one aspect of digital marketing, or you could be a generalist.
If you’re one of those people who can’t help but flip through bridal magazines and think about various wedding arrangements in your daydreams, wedding planning might be the perfect thing for you. A great way to get started is to develop a website or blog on the topic, get to know people online, and promote your services at local wedding venues and throughout the community.
Once you’ve gotten a better idea of what business planning entails, we highly recommend checking out some software solutions. Taking advantage of business planning software is the most efficient way to create a beautiful, thorough business plan.