Werewolves, step-brothers, and tentacles—the demand is high. As odd as it may sound, if you’ve got the imagination (and a clever pseudonym), you can make upwards of $5,000 a month writing erotic fiction in your free time as a side business idea.
Depending on the type of business you’re in, your business structure, whether you’re hiring local Illinoisans, and where you set up shop, syncing with the tax code can happen as easily as hockey melded with Chicago.
Great list. I would also add private chef/cook. If you live near a metropolitan area with highly paid, but very busy professionals, there is a great need for people to prepare home-cooked meals for them.
This is another heavily regulated business and it’s competitive. But companies that need security need it on an on-going basis and typically they need more than one person. That means every assignment you get can be an annuity stream as long as you service the customer well.
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Since many of the products you can dropship are commodities and will be unbranded, your business will be competing with others through marketing and quality customer service. In other words, it often boils down to whether you can sell a product better than the competition.
While there are all kinds of training that corporations will pay for, I am focusing on sales training because the demand is so widespread. It is an absolutely critical function, even for small businesses. If you don’t have great contacts at larger companies I would suggest you target smaller firms, such as those with sales forces of 6 to 20 people. Small enough so that everyone isn’t trying to sell them training, but large enough that they are likely to be willing to pay for it.
Like it or not, people tend to judge you instantly on that first impression! That’s why so many executives and business owners consider hiring an image consultant. If you have a good sense of dress and appearance, this could be a good niche business for you!
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.
Potential challenges: There are plenty of wedding photographers out there already, so you need a good business plan to stand out from the competition. It may also be seasonally dependent, with higher demand in warmer months.
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With services-based businesses, “time” is your inventory and your biggest investment. You’ve only got a limited supply of hours in your day. However, that makes it easier to get up and running if you’ve got skills that are in demand.
VoiceLog is a company that offers third party verification (TPV) services. They hire work-at-home positions for live operators – independent contractors, TPV Agents with multiple foreign languages available. Live operators make $8.50 per hour where TPV agents are compensated per call. Can work as little as 3 hours per shift.
An irrigation service installs and services underground sprinkler systems at homes and businesses. I use a one-person irrigation service at one house and have a larger landscaping service handle the irrigation at another house. The big work comes when you install a new system. But an existing system needs service every year including being “blown out” and turned on, and always there are sprinkler heads that need to be adjusted or replaced.
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.
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.
Yes, graphic design is hyper competitive. But everyone wants a little different style. So, if you get a highly appealing design in front of your prospective audience you can be successful. For this business, I would go crazy having a fabulous looking website with a totally “kickass” front page! Then I would use SEO techniques, social media, and every other marketing tool I could think of to drive traffic to it.
I have seen people do very well building and renting residences for the elderly. This is a highly-regulated field and you do need to manage it carefully. Staff turnover can be sky high and “one-time” issues with residents and their families may seem endless, but there is a lot of upside here.
Go on a shopping spree and get paid for it! Now that could be fun! But this work will also take some patience, such as getting to know your customers’ preferences and returning merchandise that your customer didn’t like as much as you did. However, if your clients like your work, they could retain you forever…and talk up your services with their friends!
There is something special about the first edition of a rare book and people will spend big money to find the exact book they want. And then there is the shop itself, a rare book shop is such as wonderful antidote to our way-too-busy Internet world. Yes, you can make money with rare books but this is a profession that I suggest you ease your way into gradually, getting very comfortable with market demand and pricing, before investing in inventory.
Do you have an extra room in your house or condo? You could rent it out by the day like the Airbnb model, or you could rent it by the week, or you could rent it by the month. Then maybe you could use the income to help subsidize your expenses as you start another business!
Everyone knows legal proceedings take forever, can be very expensive, and the outcomes can be uncertain. I became involved in litigation with a service vendor and it looked like we had no alternative but to go to court. However, our opposing attorneys agreed to hire an arbitrator and we ended up with a much better result, with much less time and agony. A great business—and a great service for individuals and businesses.
Choose an adventure really carefully. One that people will easily pay good money for. “Focus group” it. At least informally ask lots of people for their feedback on a suggested adventure before you put any money into marketing it. Then when you do offer your first trip, make it incredible! Research it carefully and surpass people’s expectations. On your first few trips it is more important to build a great experience and a great reputation, then to make a lot of money right out of the gate.
Who says you need technology in order to start? Some people even enter paralysis from just not starting just because there is not enough technology or the technology they currently have is not as updated.
Create a marketing plan that provides details on the following: your product, pricing strategy, distribution strategy, advertising strategy, public relations, promotions and social media. Don’t work on your marketing communications until you’ve determined your unique selling benefit, target customer, distribution channels and your brand or image in the marketplace.
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
Lionbridge has work-at-home opportunities for Internet Assessors who evaluate the results of web searches. The position is open globally, and individuals can work up to 20 hours per week. Average pay is $13.50 per hour.
Social media managers and moderators are in charge of managing forums and social media platforms for businesses and/or people who need the help. You’ll be expected to do things like respond to comments, delete inappropriate comments, lock threads on forums when appropriate, etc.
Many people would love to have a beautiful slideshow to commemorate the passing of a loved one, an anniversary, or a special birthday. With a computer and some select software, you could quickly turn anyone’s pictures into a beautiful, custom slideshow, and profit handsomely for your time and effort.
Any business that does not require a storefront would be suitable for a home business. That is, any type of professional service, small-scale manufacturing, or something like that would be great. However, a restaurant or auto-parts store would not make a good home business.
Skilled at creating blankets and sweaters? There’s a huge market for these types of items – even better, you can usually make them in your spare time whenever you have it. As always, local shops and sites like Etsy are great venues to sell such items.
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.
Convergys hires home-based call agents to provide customer service support. This company offers paid training, hourly wages, as well as benefits like, paid time off, 401k retirement plan, life insurance, medical, dental, and vision. Convergys only hires home-based agents in the US.
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off (Insure.com went for $16 Million in 2009) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side business idea. But beware: some experts doubt the long-term viability of this business idea, so you shouldn’t quit your day job just to put all your effort into this one without some successes already in the bag. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names. Imagine owning desirable domain names for the next decade’s most innovative companies.
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.
Business plans are important for all businesses. Thank you for this blog. There are thousands of articles about small business ideas I enjoyed reading your article. May I request please write about Small Business Problems.