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.
Stitch Fix is an online, fashion subscription site that hires part time stylists to work from home. Using the Stitch Fix online styling platform, stylists curate fashion solutions for clients. Must love fashion and have the ability to work between 15 – 29 hours each week.
If it does not exist, create it. If you have an idea-ideas or skills, think of how to use your ideas or skills to create a business and to put it out there to see what it can attract and what you can create. Many successful businesses started with an idea and that idea has become a success “from one person business to global corporations”. Failure is an attempt at success, if you don’t give up and modify each attempt, then each attempt can become a success.
Sure, there are national chains, but if you really focus on it, you can come up with a few sandwiches that are totally delicious! For this business, I would want a location that services office or industrial workers. That way you can get their business every single work day of the year! And forget a fancy buildout, I would focus instead on fancy sandwiches!
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.
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.
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.
Extra Cash & Rewards (my sister’s site) has a great list of sites that pay you fast. They’re only good for extra money, but they are reputable companies. Don’t forget to sign up to get the weekly FREE extra cash newsletter here as well.
If you’re adept at woodworking and have some basic equipment, it’s easy to get into business making deck furniture. It only requires a few items – a saw, a drill, a sander – and some creativity and passion for working with wood. If you have the tools or just want to turn your hobby into a business, this may be a great small business idea for you. In addition to creating new items, you could also focus on repairing existing wooden furniture or woodwork.
If you want to start a small business, write down your plan for accomplishing your goal in a business plan that includes a description of your business, how it fits into the market, and an operational plan describing how you will deliver your product or service and all of the costs involved. Secure your start-up costs, taking out a small loan if you need to, then find a space to set up your business, market your company, and launch your product or service!
Your target market. Who are you selling to? Don’t be afraid to get mega-specific here. Age, gender, location, income level — all of it’s relevant, and the more specifically you can define your market, the more effectively you’ll be able to sell to them.
If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
If you have the gift of gab, public speaking is a worthwhile side business idea for you to pursue. Many authors, medical practitioners, scientists, artisans, politicians, and other subject matter experts earn extra income by delivering speeches, seminars, and presentations. Professional motivational speakers earn an average annual salary of around $90,000 with just that portion of their income, making this a very realistic side business idea while you continue practicing your craft.
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.
In some situations, Hilton’s VoIP phone service may not be available for some Work from Home agents, due to their internet connectivity. In the event your internet connection does not support Hilton’s VoIP phone service, we require you to provide home phone service and a dial pad with corded headset to take reservations calls.
With many of the business ideas we’ll explore in this post, you may not be shipping your products, but you still need to cover the cost of shipping. Consider your shipping costs and how they will vary in the different countries you want to serve.
In the past, I’ve discussed how it’s a good idea to spend your spare time dabbling in entrepreneurship: It fills your time with something that you choose (and thus you enjoy) and sets up a potential long-term revenue stream. I also discussed how I got a side business going myself.
From there, you need to learn which tools, resources, and feedback communities you can use to accelerate the pace at which you’re able to launch. Check out these 101 essential tools and resources I use to launch profitable side hustle businesses.
As a TTEC@Home associate, you’ll use our technology to support and assist customers with a variety of customer service and technical needs. This could include helping customers over the phone, via chat, or on social media. Best of all, you can do it all while wearing your slippers or flip flops! (To get started, you’ll need internet access and a home phone. Bunny slippers are optional.)
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.
If you are offering pizza delivery you don’t need a storefront at all. You could just get an inexpensive industrial quality space, as long as it is convenient to your customers. Lure your first customers in with juicy offers. Then try to keep them with great quality. But beware that a lot of pizza delivery sales even to repeat customers involve some kind of discount or special offer.
Form a business entity. You’ll need to decide what type of business entity you want to be, for tax purposes and hopefully to eventually attract investors. You will do this after you’ve decided whether you will need money from others either in equity or loans and with the advice of your legal and accounting experts. It is one of the last steps taken before you actually spend money or ask someone for money. Most people are familiar with corporations, LLCs, etc., but for the vast majority of small business owners, you will need to form one of the following:
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!
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it’s not a guaranteed business idea that’ll turn a huge profit every weekend.
#51 – Brighten Communications contracts telemarketers based in U.S. and pays up to $18 per hour. As an independent contractor for the company, you require a landline phone to carry all the business calls as well as a long-distance phone service.
You will need the following information to apply for an EIN: the name of your LLC, the name and social security number of the owner or managing member of the LLC, the business address, the country of incorporation (United States or a foreign country), the number of members in the LLC, and information about what types of services your business supplies.
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.
After completing all of the above steps, you are officially in business. Review information from Michigan Business One Stop and from Michigan State University Extension for direction as you move further along in your journey of business ownership.
#39 – Book in a Box – This company has virtual posts for various positions that pay $20 per hour. The company occasionally looks for editors, book jacket designers, and proofreaders so you have to keep tabs on the company site to see if there are any openings.
If you will sell products, you need a seller’s permit. Your state department of taxation’s website has complete details, forms, etc., if you decide to apply online, but most localities have forms you can complete while you’re at their administrative offices.
Anyone can sell goods on Amazon, provided you have products to sell (or buy low, then resell). If you’re the type to hit all the local garage sales each weekend, there’s all sorts of valuable things that can be resold online as a side business idea. If you want to step your Amazon selling game up, check out this detailed guide to Amazon and eBay retail arbitrage on Entrepreneur featuring an interview with Julie Becker and several drop-shippers who’ve grown this home based business idea from side business idea into a lucrative money-maker.
If you have experience with marketing, SEO or a knack for getting people excited about the products and services you use on a regular basis, think about refining your skills and putting them to work as a small business marketing consultant in your region—especially if you can become a local SEO expert and can help local clients rank higher in their search results as your side business idea. Businesses of all sizes are in constant need of bringing in more customers, which is where you come in with your business idea. Start by pitching some of these small business marketing ideas by Brian Downard and you’ll be sure to impress the first set of clients you begin working with in your area.
S Corporation: If you’re looking for a more formal structure, an S-corp might be right for you. You’ll be allowed up to 100 shareholders and required to have a board of directors and corporate officers. You also won’t face corporate taxation — all profit/loss will be claimed on the shareholders’ personal tax returns.
Many of my readers have started proofreading from their iPads, scanning legal documents for court reporters as a result of the Proofread Anywhere eCourse I recommend. You can read some of their testimonials in the comments on this post. They offer a 7-day intro course free so you can decide if that line of work is right for you before you pursue the training.
With the right location and careful buying you can have a nice income from your floral shop. But the big upside will be special events such as weddings, funerals, etc. I’ve also came across a floral shop crossed with a coffee shop which I thought was a clever variant.
#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.
Potential challenges: Insurance is a must with this business, given the risks of injury to yourself or employees, or the possibility of damaging appliances. You might also face competition from established appliance repair businesses.