I love working for TTEC@home. I get to interact with and help others from the comfort of my own home. (Have you ever been in Houston traffic rush hour? That says it all!) Plus, they have some of the most amazing people I’ve ever had the privilege of working with. They aren’t just here to draw a paycheck. They truly care about their co-workers. I work many miles from the brick and mortar buildings, but I have a sense of security that my coworkers have my back and I’m not alone.
While you might first think of parties for kids, parties for adults is a rapidly growing field. To break into this field, I would start by offering some really attractive package deals. Then I might try to upsell additional services once the parting host became more comfortable working with me, or at least on repeat engagements.
Potential challenges: You are responsible for the safety of children, and you should plan for accidents to happen — that’s why insurance is crucial. This can also be a stressful business to operate, so the ability to handle or cope with stress is vital.
For many people, working from home on the side or full time can be an attractive option, whether they’re trying to make a few extra bucks or start a new career. However, starting a home based business, like starting any other business, requires a large amount of planning and personal commitment. You’ll have to plan out your strategy, work out all the little details, and then put in the work to make it happen. Luckily, by using your home as your business space, you avoid some of the costs and hassles associated with classic businesses, like renting commercial space and meeting certain permit requirements.
Potential customers need to be able to Google you and investigate your business. They need to have digital payment options. They need contact forms and blog-content in some cases to see what your brand is all about.
I couldn’t believe it when I first heard how expensive window treatments were! But now I understand, they add a lot to the appearance of a house, and to the utility of particular room. There are lots of reasons why this is a great business. It is a combination of sales and service, especially if you are doing the installation. And people like to see the textures and colors you have to offer in person. You can start this business on a mobile basis with low overhead, calling on customers at their homes and eventually open up your own storefront.
Craft beer is a booming business: There were 5,234 craft breweries in the U.S. as of 2016, more than double the 2,420 in operation in 2012, according to the Brewers Association. Craft brewers now hold a 12.3% market share in beer, up from just 5.7% in 2011, according to the association.
Investment: You can keep your startup costs lower by operating from your home and starting with part-time hours. Costs may include educational supplies such as toys and books, furniture such as cribs and mats, outdoor playground equipment, cleaning supplies and insurance.
I like anything that is custom because it allows you to distinguish yourself with great customer service, and provides some upside for pricing. Offering this kind of service online means you can set your own hours and start the business part time.
Many business and non-profit associations are too small to hire a full-time administrator but still have a lot of administrative work to be done. Some of the business groups I belong to, such as local chapter of The Young President’s Organization and The Harvard Business School Association of Boston, have hired an association management service which is typically a single individual or in one case a mother/daughter team. For these businesses, the management service processes membership dues and event payments, fields questions about events, arranges logistics for events, and attends events and welcomes members. Payment is usually on a monthly retainer basis.
These consultants will not only hold your hand right through the setup process but will also actually register the company for you. And will help with opening your bank account, arrange for an auditor, do your renewals and offer you nominee services.
Whether a small town is in North Dakota, Upstate New York, or South Florida, one thing is for sure: people prefer shiny modes of transportation to muddy, rusty wrecks. It’s just how human nature works. You pay your car payment every month, so your vehicle might as well shine! If there isn’t a car wash in your town already or at least one in the next town over, opening a cash wash might be your perfect small town business opportunity. One thing to think about before getting started: location, location, location. Nail this stage of the planning and you’ll make the rest of your ride significantly easier.
To understand more about search engine evaluation and how it works, the eBook Make Money From Home a a Google Rater, is just .99 cents on Amazon with a four and a half star rating out of almost 70 customer reviews.
Now that you’ve got the financial foundation laid, it’s time to start building on it. There are tons of funding opportunities out there — especially in California — but not every approach is right for every business. When choosing a primary funding method, consider:
Ensure that your chosen name is available. In order to register your LLC with the name you’ve chosen, you must search to make sure that the name is available in the state where you plan to file your LLC. To check name availability, you must look through the secretary of state’s database of registered names.
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.
I find the car wash business highly attractive and even considered opening one at one point. You have a regular clientele, in many areas the competition isn’t too intense, and there is lots of room to upsell more expensive services like detailing. If I was going to go into this business, I might consider starting with a smaller facility in a smaller market, and really learning the business before going for a larger facility, in a more competitive marketplace.
You can work from home giving your expert advice on various topics to people who need it. If you can prove your expertise in a certain field, then you may qualify to do this work, although for some it’s just extra money here and there. This is often non-phone because you may be able to give your advice via email or chat.
Take Action: The email course we mentioned in Step 1 really comes in handy here because planning and finances go together like The Windy City and snow. You can also browse our guide on How to Finance a Business to start generating ideas.
Wouldn’t you enjoy making kids smile and laugh? What a great way to earn some good money, especially at kids’ birthdays and Bar and Bat mitzvahs! Business will be heavily focused on weekends, so you can hold onto your day job as you build your clientele. I met a professional clown who told me that he charged $200 an hour…for that price I’ll put the clown suit on right now!
When I set out to start in on a new business idea, I always make sure it aligns with both my core competencies and my interests. It starts with learning how to discover your strengths as an entrepreneur, and it’s how I make sure I’ll be engaged, even when the going gets rough. I learned this the hard way when I decided to start a freelance business a few years ago to offer my freelance content marketing services.
#3 – Arise is a renowned company that contracts work at home customer service agents in the U.S. Their pay depends on the kind of client you are assigned to work with, but usually, ranges from $10-$20 per hour. The great thing about this job is flexibility. You can work as much as you want.
I had ideas for clever and novel consumer products that I wanted to bring to market. Why not try to license them? I applied the same process to bring a much a more complex idea (that required nearly two dozen patents and defending said intellectual property in federal court) for the labeling industry to market.
State: The California Department of Tax and Fee Administration website offers all the information you need to know about state business taxes and special permits and licenses. The Governer’s Office CalGold Permit Assistance Tool is also a great way to find out what taxes and licenses apply to your business.
The day spa business is hot as more and more overworked people seek rejuvenation for their tired bodies. I would pull first time customers in with very sweet deals, then try to tie them in with a membership model, such as so many day spa visits per month for one flat rate. Building out a day spa can be expensive and will usually cost more than you budget, so with your first spa I wouldn’t get too carried away with remodeling. Instead make the spa nice, but not lavish, and then offer great service.
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.
#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.
Beware of people who ask for money before giving you business. Trade leads to prosperity through mutual gain, so a business should be willing to pay you to work for it. (A franchise store or home-sales business may have legitimate start-up costs, but they should reflect a reasonable cost of getting you started in the business so the managers would make money through your success, rather than just by getting you in.)
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.
The best way to hold onto your competitive edge is to protect your trade secrets. A trade secret is that information that isn’t known to others that gives you a competitive advantage in the market. There are many kinds of trade secrets, and trade secrets receive legal protection as long as their owners take steps to keep them secret. Those steps could be anything from marking confidential documents to requiring partners and employees to sign nondisclosure agreements.
To jumpstart a used car leasing service, I would approach used car dealers and get them to offer leasing instead of just car financing. This way the used car dealer can increase their chances of closing a sale and you can even offer to sell the car back to the used car dealer for a fixed attractive price at the end of the lease term.
Gabbyville – If you’re a bright, articulate individual with exemplary administrative, customer service, or receptionist experience and wish to join our talented, dedicated team of virtual receptionists, we’d like to hear from you. We are hiring full-time employees. Hours are between 8am – 8pm EST (M-F). This remote position is W2 with ADP benefits, and requires a laptop/desktop w/ Windows 8 or 10. Job requirements our ideal candidate will possess the following: Previous experience in the travel and hospitality industry preferred, strong communication skills, proficient computer skills, neutral accent, and a GREAT ATTITUDE is a plus! With flexible work schedules, competitive compensation and amazing growth opportunities, we invite you to bring your skills and expertise to our team. Please send your resume to email@example.com.
Have a knack for staying organized? If you’re a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Elance, Indeed, or Upwork. It can be an awesome way to rub shoulders with some very important people, build up your professional network, develop in-demand new skills (like creating GIFs and VR videos), grow your side business idea and you’ll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if you’re hoping to travel the world while making money online as a digital nomad.
Tigerfish offers transcription, proofreading, editing and audio engineering services to clients. Tigerfish hires freelance contractors for these positions. Must complete and pass a quality assurance test before being hired.
Fiverr is a great place for first-time freelancers who might not have tons of experience and want to build up a portfolio of their work. You’ll be able to complete simple tasks ranging from logo design, to creating animations, or even drawing a company logo on your forehead. While this side business idea likely won’t be growing into a million dollar startup for you, it can still be a platform for funding your next big business idea. Want to learn more about Fiverr’s history and how to get the most out of selling on the platform? Listen to my interview with Fiverr CEO Micha Kaufman.
Build a trusting customer base. By adjusting to your customers’ needs and consistently providing good services or products, you get the best form of free advertising: word of mouth recommendations. Your customers will recommend you to their friends if they are truly satisfied with your work, and your business will grow accordingly. You’ll have get some customers coming back for repeat service and build up a consistent revenue pipeline.
It should go without saying, but it’s important to pay what you owe — especially when dealing with the IRS. The IRS can impose harsh penalties and even come after a business owner’s personal assets if the owner doesn’t remit payroll taxes on time.
Create a budget, dividing it into sections that list your pre-launch startup expenses and your post-launch operating costs. The budget should include the direct costs to make your product and the overhead costs to run the business. It also should show a break-even point and the profit potential. Create a first-year budget and a three-year budget. It often takes more than one year for a business to become profitable and pay back its initial startup costs.
That’s why I’m a huge advocate of always starting a side business while working full-time, so that you can test your way into your new product or service, get feedback, validate the business idea, and start generating income before you quit your job. If you can master the art of scaling a side business idea while keeping your day job, you’ll have no trouble succeeding once you’re fully self-employed.
The idea of this business is that you can personalize just about anything your customers may want. T-shirts, hats, mugs, pens…you name it. Initially you may want to outsource all of the work, but if your business takes off you may want to bring some of the personalization processes in–house to further boost your profit margins.
Have a meticulous eye for detail and love to get things gleaming clean? Auto detailing is probably a perfect side business for you. In essence, your job is to make cars sparkle inside and out – and many people are quite happy to pay well for this service.