If you buy a franchise, they may come with back-office support to help you run your business, including with money transactions. If you’re running the business on your own, you could use a service like Paypal to conduct any transactions.
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?”
It’s funny how much baking can relate to making money. Start bringing in some side income by kneading flour, mastering the oven, and appeasing everyone’s sweet tooth. While some experts have already turned baking into their sole “bread and butter,” you need not leave your day job to pursue this business idea just yet. Depending on your experience, you can start by doing something simple on the side like perfecting Grandma’s nostalgic cookies before heading on to offer exquisite artisanal fare.
Also be sure to create an “at-will” relationship with your employees. Employers can terminate at-will employees for any reason, which is essential if an employee isn’t working out. There are many ways to make it clear that the employment relationship is at-will, including in employee handbooks and through offer letters. Don’t make any promises to employees about the length or terms of their employment, as these could become binding on you later.
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).
One of my business school classmates started a concert promotion business while still an undergrad at Harvard, and even as a student he was making a fortune at it. He started with lesser known groups and smaller venues, and within a couple years he was booking some of the largest venues in greater Boston. He also enjoyed partying with the rock stars!
Transcribe Anywhere offers a free introductory mini-course so you can see if this is the best route for you. We spoke to a mom who works part time and banks about $2,000 a month as a transcriptionist.
When you think of your neighborhood coffee shop and bar, you might not think of the same establishment. But if your town is small enough, and clientele scarce, merging these two business ideas might be just what the mayor ordered.
Sole Proprietorship: Consider this the path of least resistance, but know that it comes at a price. If you’re operating without any partners and haven’t registered a formal business structure, you’ll automatically be classified as a sole proprietor and have no liability protection whatsoever. No need to file articles of incorporation/organization, but you might benefit from filing a DBA.
If you want to broaden your services and earn more, you can opt to make the entire house look neat and clean with this side business idea. House cleaning services cover carpets, floors, lawns, garages, windows, walls, and roofs, requiring a whole range of cleaning tools. You can hire maids and janitors to do the actual cleaning while you handle sales, administrative and customer service tasks. Or, you can start small by actually getting your hands dirty as a contractor, learning on the job before launching your own cleaning operations with the help of cleaning business management tools like Swept. Beyond that, I’d recommend checking out Cleaning Zoom’s ultimate guide to starting a cleaning business if you plan on taking this business idea seriously.
One of the primary amenities that small towns tend to lack is decent shopping. And we don’t just mean a large shopping mall. Often, those living in smaller towns and communities have to drive significant mileage just for basic clothing necessities. That’s why starting a clothing boutique will not only put you on the map but will make you a popular destination for most residents in the vicinity. You’ll pretty much be the mall substitute for all things teen-related. Just make sure to stay up-to-date on the latest trends. But they’ll let you know if you don’t!
Rather than replacing sofas and chairs, many people prefer to save money and just replace the fabric, often changing colors in the process. This is a great service business—you can’t be underpriced by Amazon. Furthermore, not only will your customers come to you for more business at some point, but you bet that next time they are entertaining in their living room that your new fabric covering work will come up in the conversation! Eventually you may want to consider offering complete re-upholstering services.
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.
Tradesy helps women turn closet clutter into cash, allowing users to sell items clogging their closets by handling the transaction from the time a photo of the product is uploaded to its delivery to the purchaser’s door. Tradesy brings white glove customer service to the fashion resale space.
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.
Got a thing for numbers? Plenty of companies need to hire talented contractors who are good at data analysis, making this a potentially lucrative side business idea if you have the right credentials and experience. Platforms like Upwork and Digiserved are but a two of many websites that are great for freelancers with an analytical prowess, looking for extra work as a side business idea around their full-time jobs.
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.
Evaluate your talents. Keep in mind, there is a huge difference between talents and things you enjoy. Just because you enjoy something does not mean you can turn it into a business. Think about your skills, or the hobbies that you do better than anyone else. Your business can also be based off of a professional skill you’ve developed or been educated in.
Box subscription services are popping up everywhere in the food, beauty and even pet product sectors, ready to deliver goods right to your door each month. One of the consumer perks is the idea that these subscription boxes are carefully curated just for them based on their likes and interests, and each month, the boxes’ contents are a surprise.
If you enjoy writing, find a topic you’re passionate about and start a website dedicated to covering that topic and anything else interesting you want to talk about. All you need is a computer, some time, and some energy to consistently write. It can start as a hobby and turn into a business over time. And blog hosting can cost less than $12 per month.
This is one of the most popular small businesses because everyone wants a house cleaner. The work is repetitive. But if you can show up on time and do a good job consistently (I find many the work of many cleaners deteriorates after the first few weeks), you will build a healthy clientele. And if you can charge enough so that you can delegate, you can grow this into a large business.
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!
It doesn’t happen overnight, but licensing a foreign product for sale domestically, can be a lucrative business idea that (at times) leads to a big payoff down the road. Invest intelligently, sell a product you believe in, and you can reap the rewards for years to come.
The staff at ABC Fundraising® is very friendly and will always help with any question you have. The products are always shipped on time. Anyone looking to make extra money and wants to help local organizations/schools, this is a must.
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.
For a new business, acquiring commercial restaurant equipment can feel daunting. Take the headache out of this task when you browse our helpful restaurant equipment list, which incorporates the basics you’ll need before launch.
Find your state’s LLC laws. The name that you choose for your LLC must comply with your state’s laws. While there will be variation, most states do not allow LLC names that are duplicates of existing business names or extremely similar to an existing name. States also may have other restrictions on the type of name you can choose.
Those who have lost loved ones or need to move and sell many of their possessions often need help setting up estate sales. If you have some knowledge about antiques and selling used items, you may be able to offer your services in this capacity.
It may seem like all of the good business ideas or the best small ideas have been taken, but they are not. Most successful small business ideas come from individuals who work for someone and they believe they can do better.
If you have that drive and experience, however, being a restaurateur can be a successful endeavor and a great business for a small town. Just be aware that as glamorous as it might seem from the outside, one-quarter of all restaurants will fail within the first year. We don’t say this to discourage you; it’s just good to know what you’re up against. Doing your market research prior to opening, and investing in technology such as a restaurant POS system, can help you ensure your business stays open and on top.
You can start as a personal trainer at a local gym. Then try going out on your own. Being known for a particular expertise can help. Then someday you can open your own gym. Maybe even franchise it and go global!
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 …
Sykes hires agents to work from home throughout the United States and Canada. The company encourages you to “join the team of 6,000 agents across North America who accept inbound calls routed virtually to their homes.” Apply to work for the company here.
This is a good solid service business. But it is competitive, you need to have fully qualified service providers, and you need to look into licensing. No matter how good a service you run, when you deal with the elderly especially there is always legal risk. You can mitigate the risk by incorporating, by getting insurance and by being sure your staff follows accepted medical protocols.