Luckily, there are tons of ways to start businesses and make money with a side hustle while still leading a well-rounded, meaningful life. If you play your cards right, you’ll be able to quit your day job and grow your side business idea into an empowering self-employed career.
This is also when you’ll create your mini-pitch and USP (unique selling proposition). Both of these are intended to concisely describe the mission of your business — the mini-pitch in 1-2 sentences and the USP in just a few words.
Reserve your business name. In some states, you can register your business name when filing your articles of incorporation. However, in other states, you must separately register your name before forming your LLC.
Writing a plan is simple. You need to first have a firm understanding of your goals. Basically, a plan is a set of objectives to accomplish the goal(s). Take the end product and go back a single step and do that until you reach what you have now.
I believe that every business, even a lemonade stand, should have a business plan. But many people either hesitate to create a plan or don’t know how to do it. That’s where you come in. But remember your big value added is to help your clients learn how to develop a framework for making critical strategic decisions for their business, not just to create a nice-looking document.
You will need some expertise to get going in antique refurbishment, but some skills can be learned fairly easily, such as stripping off old paint or varnish, and refinishing. I would suggest you get started refurbishing antiques for others. Eventually, you may want to buy antiques on spec and refurbish them to resell for a profit, but get to know the market before you start laying out cash for antiques.
When you don’t have money to start your business, it’s essential you find the right people who can help. You may attend events and trade shows where you can find potential investors. You may also join various online forums on social networking sites where you can find useful tips and resources to bring your business to life.
Stella & Dot – Run your own fashion social selling business. Stella & Dot is so much more than a fashion brand – we are inspired by, and created for, strong women just like you! We designed a smart, stylish business that works when you do. Plus, Stella & Dot is more than just a company – it’s a community. At Stella & Dot, success is defined by your happiness. It’s your business, your pace, your way.
Substantively contribute to refining Spotlight’s Communications Strategy and 2018 Plan, including email and newsletter communications, social media, website and blog content, and media alerts, press releases and other outreach materials. Contract.
What could be easier? You sit in the chair and watch the dog chase its tail! OK so there’s a little more work to it than that, but still this is not the toughest job in the world–especially if you like animals! I am surprised to hear how much money people will pay for pet sitters if they believe their pets are being really well cared for.
If you’re thinking about starting a business, you likely already have an idea of what you want to sell, or at least the market you want to enter. Do a quick search for existing companies in your chosen industry. Learn what current brand leaders are doing, and figure out how you can do it better. If you think your business can deliver something other companies don’t (or deliver the same thing, but faster and cheaper), you’ve got a solid idea and are ready to create a business plan.
Tax Calculation: Tiered based on taxable gross receipts. LLCs with between $150,000 and $1 million in gross recipes pay $150. If you form an LLC during the second half of the year, your first year’s CAT is $75.
The traditional 9-5 job in an office is becoming increasingly obsolete, Fast Company reports. Not only are more people in the corporate world doing more from home, thanks to the internet, but side gigs are on the rise. More than a third of us — nearly 54 million people did some freelance work in the past year. That represents a growth of 700,000 more freelancers than the previous year. According to FlexJobs, there are more opportunities opening for full-time remote work, even for those at the executive level. Brie Reynolds, director of online content at FlexJobs, told the magazine: “Professionals who’ve spent years honing their skills and experience don’t need to sacrifice their hard work in order to find better work-life balance.” Analyzing listings from more than 40,000 companies in the FlexJobs database indicates that companies ranging from Dell and UnitedHealth Group to Xerox, SAP, and Salesforce were among the top 25 employers with the most available remote jobs. Although health care, technology, and education are the most well-represented industries, there are also openings in finance, hospitality, and research.
#42 – Buffer is a corporation offering web-based social media administration solutions. The company from time to time recruits web developers, engineers, product or customer support team. Each employ works remotely and can make up to $20 per hour.
This is a really big business that you probably don’t think about a lot. On the high end are the museums. For example, in Boston the Museum of Fine Arts performs art restoration services for other institutions. Then there are the serious individual collectors. Then there are people who just want their old family portraits touched up…and that’s the part of the market you will first want to focus on if you don’t have a lot of expertise.
As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you’re getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.
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).
Want to start a food business? A truck is a much less expensive investment than a brick-and-mortar restaurant, and according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
Even Rapunzel needed a trim now and them. It’s one service, that regardless of your age, most people need a few (if not a few dozen) times a year. If you’re currently calculating the average number of women in your town and multiplying it by three, thinking that is the amount of business you will drum up yearly, you’re thinking too narrowly. Opening your own hair salon has a variety of additional services that go far beyond haircuts. Think coloring, nails, and makeup, just to name a few. And remember, men tend to get their hair cut at least once a month. And, if you’re covering up that gray, every six weeks sounds about right. Quality cuts, depending on your geographic area and the experience of the stylist can go for around $100. Just make sure you have a solid business plan before opening up your small town shop.
As a Convergys agent, you take customer calls and provide other services for large corporations. The company has clients in industries like automotive, communications and media, financial services and many more.
Federal: The Small Business Association website has tons of helpful information on federal tax requirements and federal licenses and permits. The business taxes page on the IRS website is also an excellent resource.
A mobile pet grooming business offers a convenient service to customers. Instead of having to drag their pets to get groomed, you can bring the salon right to their doorsteps — and you can charge more for this convenience.
Who are your competitors? Do a competitive analysis to identify key competitors. Find out who is doing something similar to what you are planning, and how have they been successful. Just as important is to find the failures, and what made their venture fall apart.
Resource Recommendation: There is so much more to be said about small-business marketing than what we’ve mentioned here. To learn more about the points we discussed and many other topics, head over to our definitive guide!
As a translator, you would be converting one language into another language via either spoken word, written word, or audio. This is a work from home job many people are able to do from that can additionally be very, very flexible and of course non-phone.
There’s a huge growing market for mobile phone accessories, and plenty of handmade sellers are raking in 6 and sometimes 7 figures from their phone case businesses. You can get your own phone case business up and running as a side business idea in a matter of days with turnkey solutions from Case Escape, my previous company, and you can now get ready-to-go kits that’ll give you everything you need to start a phone case business. Once you’re up and running, you can sell cases on Etsy, Amazon Handmade, and Fancy. During our first year of selling phone cases as a side business idea on our Etsy store, we made around $60,000 in revenue from that selling channel alone—not to mention additional sales from fairs, trade shows, promotional products vendors, parties, events and other online marketplaces. From there, the sales only continued growing and we graduated from side business idea to full-time company that I ran with my best friend for multiple years.
My father spent year after year remodeling our basement—and I’m glad he did because that’s where I located my model railroad! However, a lot of homeowners aren’t willing to invest the huge amount of time it takes a novice to remodel their basement—that’s where you come in! Remodel your own basement, put together a website with the before and after photos, and hang out your shingle!
Get your personal credit in the best shape possible. Start by visiting AnnualCreditReport.com to get free copies of your three personal credit reports. If you apply for a business loan or credit card, lenders will evaluate your personal credit. Follow the steps required by Experian, Equifax or TransUnion, outlined on their websites, to challenge any incorrect information on your credit reports.
How do all the pets get to doggie day care or make their appointments at the vet? Your pet taxi service! As people offer more and more services for their pets the need to transport them will continue to grow for years to come.
While you may first think of wedding planners or reunion organizers, there are many, many types of event planners out there. Some may specialize in parties for young kids, others in large corporate events. Think carefully of a specialty that you could do well in and meet participants in that field, before you open shop.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world’s largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology. Then, after you’re able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you’re able to find an audience that loves your products.
Create a logo that can help people easily identify your brand, and be consistent in using it across all of your platforms, including your all-important company website. Use social media to spread the word about your new business, perhaps as a promotional tool to offer coupons and discounts to followers once you launch. Be sure to also keep these digital assets up to date with relevant, interesting content about your business and industry.