Do you see eye to eye on the big picture? Arguments about the details are a given, and are important for getting things right. But not seeing eye to eye on the big picture, the real purpose of your business, can cause a split that may be irreparable. Be sure your team cares about the and buys into the purpose as much as you do.
It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent. Did I mention it’s a way to travel and live rent free? Here’s a list of four great websites from the legendary Nomadic Matt, to start your housesitting side business idea search.
This article is Part 1 of a 2-part series focusing on selling a business. Sales of business are strong! In recent years, privately owned business account for almost 70% of these transactions. Most business owners do not have prior experience selling …
Though this might seem like a very niche market for a small town business, the reality is that the vaping industry (and community) is currently exploding in the U.S. To give you a sense of how big the vaping market is, Quartz reported that Yelp has 10,591 “vape shops” currently listed in their database. That’s a huge number, especially considering that the rate of traditional smoking continues to steadily decline. Depending on where you are in the country, however, due to state regulations, opening a vape shop will be easier in some states than in others. So make sure to check out your state’s laws before pursuing this business idea. Resources such as VapeMentors can also help guide you when getting your business up and running.
Come up with a pricing model. Start by checking out your competitors. Know how much are they selling a similar product for. Can you add something to it (add value) to make yours different and hence make it a more enticing price?
This is a good solid little business but the income just from mail boxes is probably not going to set the world on fire. However, by the nature of this business you have a captive audience that you can try to sell just about anything else to. Often people combine mailbox rentals with shipping services for example.
These are just some of the many side business opportunities that have grown more common in the past few years. However, there are many more out there already, in addition to some that are yet to be discovered.
If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it’s been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won’t have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
A large proportion of homeowners and small businesses have lawns to tend to. Many turn to independent providers of yard work services to take care of their lawn care woes. To start and sustain a yard work services side business idea, you need training, equipment, and a growing network of customers. In the U.S., a full-time landscaping and groundskeeping worker reportedly earns a median wage of around $25,000, while those working on this as a side business idea largely during evenings and weekends can expect to make substantially less.
One of my friends sold off his large family business that made industrial goods, and then embarked on a new career as an artisan furniture maker. He studied furniture making in a full-time study program and focused on very high wood furniture. He would display his furniture at shows and promote open studio nights. Clients were wealthy individuals and some high-end boutique hotels.
If you enjoy being outside and cleaning, a window washing business might be the right fit for you. You just need some cleaning supplies and outdoor equipment if you plan to work on multi-story buildings.
C Corporation: C-corps are organized in the same manner as S-corps, but there’s no limit to the number of shareholders you can have. A C-corp is the only structure that faces double taxation, meaning the business and the shareholders are both required to pay taxes on the profits.
Decide whether to trademark your name. If your name is very original or creative, you also may want to consider registering it as a trademark. This can distinguish your product or service from those of competitors. Trademarking your company name also can protect you from trademark infringement by other companies.
This is a great business and I can’t tell you how many times I have used pest control services for my residences as well as commercial locations. The rates vary hugely from one locale to the next, so carefully survey nearby markets to determine which market may be the best opportunity for you.
For help with this step, a Business License Service is a good resource too. They determine everything required on federal, state, county, and municipal levels, get the forms, and provide step-by-step filing instructions.
We’re often encouraged to think that the secret to starting is a business is to have a bold and entirely original idea. But the suggestion here is that all we really need is to LOVE something a little more than most other people do: that will be enough to help us stand out from the competition. For gifts and more from The School of Life, visit our online shop: https://goo.gl/2iDV2t
If your business will have employees, you will, at minimum, need to purchase workers’ compensation and unemployment insurance. You may also need other types of coverage depending on your location and industry, but most small businesses are advised to purchase general liability (GL) insurance, or a business owner’s policy. GL covers property damage, bodily injury, and personal injury to yourself or a third party.
This is one of those businesses that not everyone wants to do, so the profits tend to be above average. Furthermore, you don’t have to collect just by telephone. You can send emails, mail letters and more. Make sure you know all the legal restrictions before you start!
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Stitch Fix is an online, fashion subscription site that hires part time stylists to work from home. Using the Stitch Fix online styling platform, stylists curate fashion solutions for clients. Must love fashion and have the ability to work between 15 – 29 hours each week.
#24 – Magoosh – If you are good at GMAT, GRE, TOEFL, SAT, and ACT, and tests, Magoosh is looking to hire online test prep experts to help students prepare for these papers. As a requirement, you must be an experienced BA or BS holder with high scores in GRE, SAT, GMAT. The standard pay for weekdays is $20 an hour and shoots up to $25 an hour over the weekends.
Learn how to start your own website and make money through online advertising, find out how to turn your “trash into cash” on eBay, and how you can become a home based entrepreneur by providing a service or creating a product line.
CyberEdit, Inc. offers highly-educated editing, resume writing, and technical writing services. Hires Freelance Resume Writers & Essay Editors from Harvard, Stanford, Yale, Columbia, and Princeton. Compensation ranges from $15.00 – $35.00 per hour.
Asurion is hiring full-time bilingual Customer Retention Experts. In this role, you will handle service cancellation requests, primarily inbound telephone calls. Your goal is to ensure the needs of the customer are addressed, service is delivered and the customer is kept updated on the status of their request. If you’re fluent in English and Spanish and have great customer service skills, we want to talk to you! We offer a competitive salary with a bilingual premium plus benefits. Apply today!
Want to be sure if your business idea is indeed unique? Run a test and find out. A pilot will give you the confidence you need to take your idea to the next level and mitigate risk. You can start on a small scale by giving away some freebies to a few people in your target audience group to see how they respond.
College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you’re well-versed on the subject.
Price your products too low and shoppers might assume they’re low quality. Price them too high, and you might scare some customers off. In any case, you’ll need to find a sweet spot that also lets you factor in the cost to acquire customers and offer discounts, especially if you plan on paying for ads.
This is one of the most popular small businesses in the world! And no wonder! Everyone needs to have it done and many people don’t like to do it! It is also a business that can be challenging to get your employees to consistently do a fantastic job. That’s why this business is particularly well-suited for both solo entrepreneurs and an entrepreneur who runs one single crew of cleaners.
If you love to cook, take the “Blondie” route and start a home catering business. Catering is a business that’s perfectly designed to reward those who plan well, and it can often fit perfectly into weekends, which could work great if you are trying to build a business outside of normal working hours.
On top of just the skill and experience components to being a successful online coach, this side business idea is all about building a community around the help you’re offering and fostering trust with members. Plus, your community members will learn from each other along the way. Creating the space for that community can be as simple as setting up a private Facebook group or choosing a community-building platform like Ning.com that has even more capabilities like using your own custom URL, having internal forums, customized designs, and more.
A neat bonus of attending a craft class is that not only do you learn how to do something new, but also that you get to go home with something tangible—your finished craft project! People are often willing to take a craft class if you can market it in an appealing way. And focusing on what the finished project will look like is one way to get people excited about signing up!
All of these are excellent ideas, and really go to show that you don’t need some groundbreaking new idea to start a business. Just pick one of these ideas that appeals to you and put yourself out there, and you’re already ahead of all the other people who are still in the “thinking about starting a business” phase (a phase that never ends for most people).
Thanks to technology, there are more opportunities than ever to buy and resell products for extra money. Plenty of people buy local and in-demand products at a discount and resell them on eBay for profit.
What price do you intend to sell your product or service for? How much will it cost you to produce? Work out a rough estimate for net profit—factoring in fixed costs like rent, energy, employees, etc.
#33 – Carenet – For a nurse looking to make some extra bucks from the comfort of your home, try Carenet. This is an online company that hires registered nurses for telephone triage. Carenet pays $25 for every hour.
Wines For Humanity hosts wine events and does in-home wine tastings to raise money for various charities in 14 states (over $3.5 million contributed so far!). Our organization is rapidly growing because we offer people a great opportunity to make a nice monthly income while also helping people in need. Below are just some of the benefits to joining our company: 1) Very flexible job! Determine your own work schedule. 2) Make $500 a month by just doing one event or tasting a week. The more events you do, the more you make. 3) 50% off of every single award-winning wine in our selection. 4) Great incentive and bonus structure to earn as much as you want. 5) Receive a 17% commission on everything you promote. Contact firstname.lastname@example.org for more details.
Be sure to contact your local municipality about zoning laws. Some types of small businesses cannot be ran out of a home, and it is important to ensure your business is operating within its proper zone.
A lot of people make some really neat crafts. But to be able to make money at it, you also need to be able to price your products reasonably—and allow yourself enough money to bring your product to market. That being said, there are more markets than ever for your products! In addition to local retailers and craft fairs, you can sell them online, on your own website, or through third party sites like Etsy or EBay.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
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.
Do you love sports? Officiating non-professional games held at community parks and college sport fields can be an exciting way to turn your love for outdoor activities into a profitable side business idea you can engage on nights and weekends.
What a great business. It’s like an apartment building without people, without running water, without heat and without electricity! In other words, money flowing in without the headaches! And with today’s sophisticated lock and security systems, you may be able to operate this business without any staff onsite.
Almost everyone uses Facebook, Twitter, and Pinterest these days, but did you know that many companies will pay people to help them manage their social media accounts — sometimes even part-time from home? To find social media jobs, you can start by contacting businesses with a social media presence and scanning sites like Upwork.com for opportunities.
Now we come to crunch time — assigning specific dollar amounts to your lists. This process is always going to be a best guess, but be realistic and use past experience, research and advice from other entrepreneurs to guide your cost estimates. Organizations such as SCORE and your local Small Business Development Center or Women’s Business Development Center can provide free and valuable advice about how to calculate your start-up costs.
This is a good solid business. Everyone needs their house inspected before they buy it. Network with real estate agents. Become known for being a meticulous home inspector. Leave you clients with a thorough, detailed report.
I need funds for state filing and office equipment. I am also a paraplegic so my mobility is very limited but a home-based business would be ideal for me. Does anyone have any specific suggestions for me to raise funds for this. I need about $3500.