Pinch those pennies. Plan to keep purchases of office equipment and overheads to a minimum when starting up. You do not need amazing office premises, the latest in office chairs and pricey artwork on the walls. A broom cupboard in the best address can be sufficient if you can artfully steer clients to the local coffee shop for meetings every time (meet them in the foyer). Many a business start-up has failed by purchasing the expensive gizmos instead of focusing on the business itself.
The online business ideas above covered can be combined in a variety of ways to start a business that’s uniquely yours. If the idea of sourcing, storing and shipping inventory kept you from starting a business before, begin with an inventory-free, low-investment business model and grow from there.
Though not the cheapest of business ideas on this list, it’s one that can be extremely lucrative as well as appeal to the widest range of patrons in a small town. A successful bowling alley can become the center of a town’s social life. Besides the obvious bowling revenue stream, food and drink (especially alcoholic beverages), can also help you pull in the big bucks. Small town bowling alleys can also be rented out for additional income. Like all businesses, large and small, having a quality business plan for your bowling alley is incredibly important.
If you’re proficient in a highly specialized software, you can get paid to pass your knowledge on to amateurs and professionals looking to expand their skill sets. Technical manuals are available for programs like QuickBooks and Final Cut Pro, but these are often expensive and difficult for the average user to get through. Schedule small group workshops or private sessions, and charge by the hour for a full tutorial of the program. The best thing about this gig is that it can be done part time.
This could be a lot of fun, playing store merchant every now and then, when you decide to attend a flea market. There are general flea markets to attend, plus more specialized ones. For example, being a model railroad buff, I notice the many model railroad vendors who travel to model railroad shows around the northeast, selling new or used model railroad supplies. You could make your own items to sell, trade used items, or sell new items that you buy wholesale. The options are endless.
Remember my earlier post about breakfast burritos? Making meals in advance is a great way to save money for yourself – but you can often prepare these for others as well and sell them for a markup. Prepare eight casseroles, for example, then sell six of them to cover your costs, and you’ve got two free dinners for your family (and maybe a bit more). You can grow this by taking orders from others and finding out what they like.
Earning money on GigWalk is similar to working on Task Rabbit—not a bad side business idea if you’ve got the free time. You get to choose from an amusingly diverse range of jobs from taking snapshots of restaurant menus to counting the items arrayed on supermarket racks. It won’t make you rich though, with payouts tending to congregate in the lower half of their $3-to-$100 range. But, if you’re looking for a steady little side business idea, it can’t hurt doing a strange but fun errand and getting a tip at the end. When you’re bored or a little short on cash, you can access GigWalk anytime, anywhere via their mobile app. Meanwhile, all the jobs specifically vetted for you will be within reach (ideally, just a brisk walk away).
Large corporations often contract smaller companies to provide phone and online customer service, and these smaller companies specifically hire home workers. Typically you’ll spend the day on the phone in front of your computer and will answer calls or respond to questions online.
Hilton Reservations and Customer Care (HRCC) is on a path to revolutionize human hospitality in a digital world, the same way we defined hospitality from its early beginnings. We are a global team dedicated to delivering personalized solutions that inspire a passion for travel with the goal of creating a lasting impression with every Hilton guest with whom we interact.
If keeping your home organized comes naturally and you enjoy helping other people, consider becoming a professional organizer as a side business idea. As the need for baby boomers to start downsizing grows, you can use your organizing and decluttering skills to start making an industry standard $50-125 an hour with very little startup costs and some free expert advice from Jen Kilbourne. Believe it or not, pro organizers don’t just work with hoarders. More and more people are hiring professional organizers in order stop wasting time and money due to the stress of everyday disorganization. What’s even better, is that you can take this on as a side business idea during the nights and weekends when your clients will be at home.
This is a boom or bust business. One relative went into this business out of college and just couldn’t get any momentum going. Whereas a friend of mine who had sold his retail store business has quickly become hugely successful at commercial real estate. My friend is highly charismatic, he could carry on a conversation with a tree, and he is always meeting new people. He also worked for an established broker for a year or so before going on his own, which is a typical path in this business. While it can be difficult to build momentum initially, the potential upside is much higher than selling residential real estate.
7. File a well-written provisional patent application. You can license an idea with a provisional patent application alone. I know because I see it happen week in and week out at my company inventRight. Most patent applications are written in such a way that they can be easily worked around. To write intellectual property that has value, you need to outthink your competition. You should try to steal your idea from yourself, in other words. Filing a well-written provisional patent application, which is inexpensive to do, establishes enough perceived ownership to get you in the game. (To be clear, I’m referring to simple product ideas. Big ideas require a wall of intellectual property.)
Annie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird, and exploring all that her home state of Michigan has to offer.
Fashion, style, and grooming continue to be a lucrative side business idea that can be done in your hours outside of work. If you know how to mend clothes, then you have a growing market of budget-conscious and/or personalization-obsessed customers. Entrepreneur says you need around two thousand dollars to start a decent side business idea in this niche but there’s no harm in starting smaller and growing from there, as long as you can make magic with needle and thread.
If you’re good with words, you might be able to find some work as an online freelancer. A variety of publications need online content in the form of stories, product or service descriptions, and reports, and if you have the talent and skill, you could easily be the one to create them. Fortunately, all you need is a computer and Internet connection to get started.
Today, just a few years later, selling Apps is more competitive. In fact, there are large marketing firms that exclusively focus on marketing apps. Nonetheless, there is still money to be made in making and selling apps.
You can get started by opening a center at home. You set the age group of children to accept, how many kids to care for at a given time, and the hours of operation, although this will depend on the needs of your clients.
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.
Do you think too many aspiring entrepreneurs are trying to create the next big mobile/web app these days? Seems like there are tons of proven/simpler businesses that may be more suited for beginner entrepreneurs like the ones you’ve mentioned in this post!
Think about the areas that you are either weak in, or have little knowledge of. Finding partners compatible with your personality who can fill in your knowledge or skill gaps is an excellent way to ensure your business has the resources you need to succeed.
Create a business plan. A business plan helps to define what you think you need to launch your business, large or small. It summarizes the sense of your business in a single document. It also creates a map for investors, bankers, and other interested parties to use when determining how they can best help you and to help them decide whether or not your business is viable. Your business plan should consist of the elements outlined in the steps below.
One of my friends and his wife liked having a nanny so much that they kept her to help out around the house even after the kids went off to boarding school. This same friend told me they went through 23 nannies in 22 years! No wonder there is a demand for nanny services! This business is all about trust. If you don’t have successful placements under your belt, you can build trust other ways. Show off your background, describe your thorough vetting process, and have a very professional looking website and marketing materials.
Yes, you can start your own clothing line with just a few items, be successful and have a lot of fun along the way! Look at Ralph Lauren who started by selling a couple neck ties and then built that into a multi-billion-dollar empire. Contract out the manufacturing which is the really hard part of the work. Then focus on developing eye-stopping designs and talking it up with potential re-sellers, or sell the items yourself online!
Around here we focus our efforts on valuable ongoing education, exploring the newest software solutions for new businesses, and sharing insight from fellow change-makers, ambitious creatives, and innovators. Sound good?
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.
Before the bank grants a mortgage, they will require a real estate appraisal. So, this is a great, steady income business with the only overhead being your scooter to get you to your homes to be appraised.
#49 – ETS is a testing company that pays you to score various tests for different educational institutions. The pay can go up to $20 per hour depending on the tests. Payment is twice a month via check and is tax deductible.
Busy schedules can stress people out. It can also disrupt family life to the point that busy parents and homework-laden kids barely have time to prepare decent dinners and weekend meals. Hence, the surprising demand for part-time family chefs as a business idea. If cooking healthy and delicious meals is your thing, then this lucrative side business idea can supplement your regular income by helping feed busy homes. Hear Gaby Dalkin’s story of going from side business idea to full-time blogger while she was a part-time personal chef right here on my podcast.
Investment: It requires a low upfront investment — if you don’t require training. You’ll likely only need to purchase some parts and tools to get started and you can operate the business from your home.
Business startup Dubai has always been encouraged in Dubai. No wonder Dubai is starting to attract the eye of business investors since it started to show its economic stability to the international market.
This is a good steady service business. To get started you don’t have to handle every single brand or every single repair. You can study manufacturer’s repair guides or watch instructional videos to get going.
Be willing to evolve. Being prepared for change is a fundamental way to save time and money and prevent a massive marketing failure. Don’t be scared to try a new angle if you find, over time, that your original strategy isn’t working.
I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.
Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour company is arguably the best business idea that will give you both of those perks. Take a unique spin on your local tour business like Erik from Vantigo. He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he’s running a multiple van tour company on the back of what originally began as a crazy side business idea.
Edit Fast is a company that offers editing, proofreading, writing, and indexing services. Edit Fast hires work from home Freelance Writers, Editors, and Proofreaders. Editors bid on projects and Edit Fast charges the client an additional fee.
Just because you don’t have the hustle and bustle of the big city breathing down your neck, doesn’t mean small town residents don’t have aches and pains and plenty of stress. If you’re a people person that likes working with their hands and meeting new people, this could be a great career and business idea for a small town. Massage therapy does, however, require a significant amount of training, so it’s not a business you’re going to be able to open in the next few weeks unless you are already a licensed massage therapist. There are, however, a variety of schools and programs you can enroll in to become licensed. Once your training is complete, being a massage therapist allows you to set your own hours, work when and where you like, and develop a strong repeat customer base.
Take Action: The first step is finding the right platform, which we highly recommend checking out Wix or Weebly. Both walk you through the process of building a professional website and are very easy to use. No need for you to have any previous website building experience.
If you have a talent for helping people look their best, and know how to mesmerize with eyeliners and turn heads with lipsticks, consider using your beauty skills to pursue this easily profitable side business idea. For under $2000, you can start your own make-up artist business which can make for the foundation of a potentially lucrative side business idea that turns a profit largely by referrals and word-of-mouth from your happy customers.
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.
Yes, you can make a lot of money with a simple ice cream shop! Perfect your ice cream before you start, find a good busy location without a crazy rent and consider starting with a smaller footprint to minimize your overhead. I’ll have an ice cream sundae please—with everything on it!
For many people in suburban areas, cleaning up pet yard waste is a real hassle – it’s disgusting, for one. Instead of cleaning it up themselves, they might hire someone to do it regularly, two to three times a week. There are several such services in our area, actually.
Most small businesses are sole proprietorships or partnerships. While these types of businesses are nice and easy to form, they also expose their owners to liability for business debts and judgments. Creditors and judgment holders can come after the owners’ personal assets, like savings accounts and homes, once the business’ money is depleted.
There are many scams out there that will promise you tons of money and financial stability from home. Do not fall for these ploys. The best home-based business is the one you start with your own mind, heart and hands.