The question I’m asked the most (by far) when I meet and speak with fellow entrepreneurs is, “How do I know which business idea is best for me?” This one is always quickly followed by, “How do I start on this side business idea while I’m still working my full-time job?”
A money broker is basically someone who arranges short-term loans to people. A common variant on this is “pay-day lending” where businesses lend money to people who are typically looking for funds to hold them over to the next paycheck. These are usually storefront locations, closely regulated and not allowed in all states. This can be a solid business, but the regulatory climate is shifting against these businesses, so evaluate the risk of future regulatory changes, before hanging out your shingle.
On the other hand, a mobile car washing and detailing business has basically no expenses (other than a little soap, a couple of sponges, and old towels). Plus, you get to use the water at your client’s house! No investment, no overhead, and high demand! Now that’s my type of business.
SEO for for local businesses. Search engine optimization is a skill you can learn through a college or online course or simply by studying information on the internet. If you can improve local businesses’ search results, you’ll have created a successful small business with minimal costs. Page’s first business was in SEO for small businesses.
This is one of the business ideas you can start at home. What you need is a washing machine and detergents. There are a lot of non-branded detergents you can buy at cheap price but does the same work.
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.
Just go to the loading stations and ask how loading business works. Essentially, what you need is simply a sim card that is able to load other Sim Card and the Load Wallet Balance then that’s it! Really simple.
This is a perfect side business for people who love antiquing. Take worn-out antiques home with you, invest the time and care needed to transform those old items into something amazing, then resell them at a profit.
This was very helpful. 2 of my most recent ideas are in the top 3. I ‘ve let fear and just being overwhelmed keep me stagnant and now I am just at a point where I am ready to take action. I know I will be successful!
Michael is a business journalist focused on entrepreneurship. He is a mechanical engineer and freelance writer, having earned a Bachelor of Science in Mechanical Engineering from Washington University in St. Louis. His articles have appeared mostly online. He has blogged for the small business section of Chron writes about various business and entrepreneurial topics.
If you’re adept at woodworking and have some basic equipment, it’s easy to get into business making deck furniture. It only requires a few items – a saw, a drill, a sander – and some creativity and passion for working with wood. If you have the tools or just want to turn your hobby into a business, this may be a great small business idea for you. In addition to creating new items, you could also focus on repairing existing wooden furniture or woodwork.
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it’s not a guaranteed business idea that’ll turn a huge profit every weekend.
Home buyers today are getting increasingly used to seeing vacant homes set up with staged furniture. And if you are choosing furniture specifically for the purpose of making a house look great, you can both increase the likelihood that the house will sell quickly, and that it will sell for a higher price. Stage some rooms in your own house, take pictures, and then get customers by networking with real estate brokers.
Every product sent to Amazon needs to be labelled with a label that is unique for the item and shipment ID. This is an internal barcode that Amazon uses to track and manage inventory. You can either get your freight forwarder to do this or pay Amazon to do it.
The best entrepreneurs are always the most curious ones, and getting a library card, or the other free alternative of your choice, can open up a whole world of information for you. And if you make sure to actually return your books on time, then you don’t have to worry about late fees either!
Invent a product from scratch. Get it professionally designed and manufactured. Then work your arse off to try and convince people that they really want it and will buy it. This is the approach we follow and I documented for the table tennis bat cases in this post. It’s a lot of work and you run the very real risk of discovering that people don’t really want whatever you have invented.
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.
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.
If you live in a bustling area, chances are local businesses could use a local courier service. Unlike the big name services, you can offer more flexible pick-up and drop off times, which can be a godsend to many small businesses. According to About.com, half of couriers earn in the $17,000 to $27,000 range.
Take a few ideas and run with them – by this time of the next year, you very well may have your own successful and profitable online business! Just be sure to report back here and let me know your results!
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye’s awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
With Amazon, you can self-publish a book fairly easily, and really make money from it. There are some simple and inexpensive guides like this one to help you write your book AND have it generate consistent income.
I met Wally Amos who made a blockbuster success out of famous Amos cookies, which he launched after a career as a Hollywood talent agent. Wally eventually lost control of his company to outside investors. However, he came back again with still another cookie line. Everyone loves a fancy cookie and it’s an easy food to both differentiate and to charge a premium for.
I love wine bars! There is even a successful wine bar in the small village on Cape Cod where my summer house is. How did it become successful? The owners found a location near the center of the village but at a low rent. They started with a very limited food menu but eventually expanded it to become a full-service restaurant. They also offer live music on most nights. Beware that many customers expect truly exceptional wines at a wine bar.
Repairing appliances is generally less complicated than repairing gadgets. If you know basic to average electronics, you might want to accept appliances repair services. You can consider this as a side-line business whenever you’re at home.
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 love a bargain and know how to make coupons, specials, and unadvertised deals your penny-pinching pitch, then you could help others learn how to save money—and turn a profit. The Grocery Game’s Teri Gault is the most famous at-home bargain hunter turned millionaire, but you could be next.
Have original ideas. If you are doing something software related the key is simplicity, originality and function. You will want to have all the features a normal software has, along with more things for a user’s convenience.
Create a records system. From doing taxes to figuring out why you’re mysteriously missing $2,000 to searching through customer records to find out if Mrs. Jones did in fact pay her bill, you’re going to want a good records system to help your business run smoothly and efficiently. Invest in file cabinets, labels and digital records software to keep you organized and on top of things.
There are several loan programs aimed at helping first-time entrepreneurs set up their business. The Small Business Administration (SBA) operates the loan programs offered by the U.S. government. To qualify for the loan, your business must meet some criteria such as your business must operate in the United States, your business must qualify as a small business according to SBA guidelines, you must operate for profit and you should have a good credit score.
2. Mindset: You MUST have a mindset of ruthless determination. When you do, you’ll not only succeed in business, but you’ll also dramatically improve your life. You’ll face a lot of problems, and you’ll want to give up, but those that succeed… keep going, and going and going.
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.
I will tell you a secret. You can make a lot of money from a non-profit business. You can pay yourself a good salary and reasonable expenses. And you can even sell the enterprise. Better yet, you can create an organization that will really help others. I strongly suggest you approach running a non-profit with the same discipline that you would a profit-making business, and almost all of the how-to videos on BusinessTown.com apply to non-profits as well.
To help you find ideas that match your skills and interests, we’ve grouped the business ideas into a number of categories. Under some of the types of businesses (Artist, for instance) we’ve mentioned particular products or services that might be offered either as the main business or as one of the business’ offerings.
You might notice these trucks at specials events like fares and parades, but I think you would do better trying to find steadier income and more consistent clientele, at office parks or other city locations where workers are congregated.
Then there are the recurring costs such as payroll, equipment rental, credit card processing equipment and fuel. Every new food truck business will also have to obtain proper licenses and permits, which vary depending on location.
Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.
What is a Statutory Agent? A statutory agent, also known as a registered agent, is a person or business that agrees to send and receive legal papers on behalf of your LLC. Such papers include service of process of legal action (if you are sued) and state filings.
The big drawback to most retail ventures is that they are competing head to head with bigger retailers, as well as online sellers, who may sell brand name goods for lower prices than you can buy them for. Well a resale shop takes all that competition away. Choose your specialty carefully. Sporting goods and vintage clothing are good bets to consider.
Yard maintenance includes mowing lawns, trimming hedges, raking leaves and generally doing all the tasks that keep yards looking clean and manicured. If you own a lawnmower and a rake, you can start this business with one or two clients per week.
If you think you can make a business out of your hobby skills, why not put it to the next level? Remember that RC quad-copters where just toys back then. But today, these are now commonly known as drones and are used in many different applications.
You can make a room in your house into a photography studio, but you’ve got to get out to promote your services or do some clever marketing. Doing photography for groups (typically at their location) is one way to get going. Another is to develop a specialty (such as children’s portraits).
Guest interactive murder mystery productions are very popular and no wonder–they are a lot of fun. You could do this on your own, renting a public venue and all that. But instead I would recommend that you partner up with a local business, such as an inn or restaurant, which could use an event like this to promote their business.
Set up a website for your business. ($30 – $60) Go to a hosting service, purchase a domain, find a nice website theme or find a designer. Setting up your first landing page is quick, easy, and most importantly, cheap. Total cost so far: $77
It sounds too good to be true—getting paid to represent your favorite brands at events across the nation. But, if you have a friendly and outgoing personality (a growing social media following helps too), you can forge a potentially paid relationship as a brand ambassador with companies who want to reach other people within your community with this side business idea. As a Brand Ambassador, you do anything from demoing the latest technology, to passing out free swag at music festivals, to going on nationwide tours, to pumping people up as a mascot, and more. Depending upon the gig, you can expect to earn anywhere from $18-$100/hr. You can get started as early as this weekend by joining the Brand Ambassador Facebook group for your nearest major city (e.g. join the “Brand Ambassadors of Seattle” group if you live in/near Seattle). Once you’ve been approved to the group, you’ll get access to daily job postings from big brands and agencies with opportunities in your area. All you need to do is submit your resume and headshot to apply. For a step-by-step guide on how to get hired for the best gigs and the highest pay rates, I recommend checking out The Brand Ambassador Blueprint.
It’s not impossible to compete with the mammoth retailers out there—the success of the various “Dollar” store chains shows this—but it is very, very difficult. You especially need a very carefully developed strategy that clearly differentiates your business and gives shoppers a clear reason for choosing your store.
The market for daycare is gigantic! Of course, you can start in your home or in the workplace. Corporations may consider providing you with free space if you provide day care for their employees’ kids. Safety and licensing are essential for this business. You can quickly build a steady income and a valuable business.
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.
To succeed at this business, I would carefully perfect a few interesting smoothies drinks. Then I would search hard for a location with very high foot traffic location. I would much rather have a tiny location with lots of traffic and high rent per square foot, than a much larger location with the same total rent but less traffic.
We’re all guilty of spending too much time on Facebook, Twitter, or Pinterest sometimes, so why not get paid to put your expertise to work as a side business idea? Lots of companies, especially startups or those in retail and travel—even influencers have heavy social media presences and are constantly in need of people to help build their brands online. You can find these types of opportunities on sites like Flexjobs and CareerBuilder and most employers on these websites are conditioned to working with people who operate these services as their side business idea.
Hi admin56 it looks like some good advise. I’m currently considering starting a lawn care business, just trying to do more reaserch about it. I like to hear great testimonies about how people got started in there business and there success stories? How did you get where you are today salary wise? One of the reasons I’m considering the business is the schedule and potentially good salary.
According to the Bureau of Labor Statistics, event planners earn an average of $46,840 per year; but again this is an employee, not a business owner. According to industry expert, Patty Sachs, social planners make anywhere from $12 to $75 per hour, plus vendor commissions. Corporate planners anywhere from $16 to $150 per hour, plus vendor commissions. Sachs says in the events industry, planners typically charge a fee for their services, plus a percentage of some or all vendor fees.
Believe it or not there’s a treasure trove of valuable items being thrown away by big box stores around the world. Electronics stores toss out everything from printer cartridges to tablets, and if you’ve got the stomach for rummaging around in dumpsters you can easily earn a bit (more than you ever thought possible) with this side business idea.
Incidentally, helping others grow their wealth is also a good way to grow your own financial worth as a side business idea. If you have stock market and finance credentials, then you can earn freelance commissions or consulting fees, advising clients on how to get the best returns for their investments as a lucrative side business idea if you can get results for those clients—otherwise this business idea can be the fast-track to alienating friends and family, so be careful.