Know someone who rents out property to others? Perhaps they could use a hand managing their property. If so, you can make a decent amount of money on this side business idea with relatively little work on your part (most of the time). It’ll take some hustling and the willingness to be flexible with your schedule, as you’ll be responsible for collecting rent checks, managing repairs and improvements, and simply being on call for emergencies. But, a property manager is essential for most real estate investors that have a large enough portfolio, so there’s definitely merit to this business idea.
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
To get started in fence installation I would first offer fence repair services. I think a lot people like me first try to repair their aging fence a few times before totally replacing it. This is a good niche business.
Another option is to open a franchise of an established company. The concept, brand following and business model are already in place; all you need is a good location and the means to fund your operation.
Many small businesses in your community could use a very basic web presence to tell others about their business. Quite often, these businesses don’t have a large budget for such things. That’s where you come in – get a bunch of clients from the local community by beating the pavement, create sites for them, and maintain them for a small fee. Get enough businesses and you have a nice side business of your own that doesn’t require a ton of maintenance time.
If you love baking and are able to keep your hand out of the proverbial cookie jar, making gourmet cookies is a great side hustle with plenty of long-term potential. Start by learning how to execute unique and tasty gourmet cookie recipes, then seal the deal by creating or purchasing professional-looking packaging. Sell your cookies online or to people in your local community.
As you know, many people opt to contact companies via email rather than by chat or phone. Because of this, some companies do hire for work at home email support. These jobs are a little hard to find, I come across very few when I’m researching work at home job leads. You can read this blog post for everything I’ve been able to find about these jobs.
Clients who need some help picking out outfits or creating a budget for their purchases may be interested in the services of a personal shopper. Starting this type of service mainly just requires an interest in shopping and some fashion sense.
As you embark on your new side business or “side hustle,” remember that you are only limited by your own imagination and skillset. Don’t be afraid to be creative, and don’t let anyone tell you that you can’t succeed.
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The Square is a card swiping device which connects with a smartphone or tablet and turns that device into a sort of cash register. You may have encountered this device in the businesses you frequent, as they are becoming common at coffee shops, restaurants, street food stands and other businesses (look for a postage-stamp sized plastic square plugged into a tablet or phone).
Profit is, after all, the ultimate goal of any successful small business. You should examine your business’ expenses (rent, materials, employee compensation, etc.) and then figure out how much you will need to sell to cover those costs and start generating a profit. This is known as a break-even analysis.
Starting a business takes much effort, but this effort could bring you huge rewards. For this article, the author assumes that you have already researched your business idea, obtained the funding and decided to actually start your business.
Do you see eye to eye on the big picture? Arguments about the details are a given, and are important for getting things right. But not seeing eye to eye on the big picture, the real purpose of your business, can cause a split that may be irreparable. Be sure your team cares about the and buys into the purpose as much as you do.
If you have something you’re skilled at and very passionate about, you can turn that winning combination into offering your services with one-on-one online coaching as a solid side business idea. Just be sure to implement your own opportunity management system so you don’t get caught up working with clients that you can’t measurably help. Elmira Strange will give you a step-by-step plan for putting your skills and experience to work by developing an online coaching business—even as a side business idea in the time around your full-time job—so be sure to check out her course on Udemy for a jump start on this side business idea.
If you have ever lived in a small town and entertained houseguests, you’ve probably often wished that your town had a bed and breakfast. Though small towns with a tourism industry will often have historical inns or at least a motel or two, towns that aren’t exactly Plymouth, MA or Williamsburg, VA often go without. That means no place for the in-laws to stay or guests for a family reunion or wedding. Opening a small inn or bed and breakfast can help fill a need in your area. If you’re worried about being able to keep your rooms booked, go small. Bed and breakfast owners tend to live in the same homes they manage, often converting their larger homes into B&Bs. This is a great idea for those who have recently become empty nesters with too many rooms to fill. If you’re later in life and looking for business ideas for small towns, this concept is a great one to explore.
To build the best business, kick things off by building a game plan that hones in on your pitch, irons out a structured executive summary, creates initial budgeting forecasts, addresses ideal markets, and so forth.
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.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? Take my friend, Mark Jackson’s lead with what he’s doing to build a travel consulting side business idea. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals and eventually you could spin this business idea into a full-time consultancy teaching people how to make your dream trip a reality.
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.
Hi, I am really trying to start my own trucking company doing hot shot services. I know plenty companies that would let me handle their needs but with the cost of living being so high in the city it makes it so difficult to save money to get started with bills and child support. If anyone knows anybody that could help me get a small business loan I would gladly appreciate it.
But you aren’t driving to your potential new employer and going in for a traditional interview. You’ve applied for a virtual position and thus will be participating in a virtual interview. Well, this presents an entirely different scenario now, doesn’t it? How do you make a great impression virtually? Read these tips to ace your virtual interview.
Hi, I am Sandeep Chauhan, now I am trying to start a small business. I am from Delhi(India). But I can share my knowledge in Delhi for whom people who are interested in visiting in Delhi’s Historical Places.
If you think that starting a gym in a tiny town is a bad idea, think again. Just as the physical body comes in many different shapes and sizes, so do gyms and exercise studios. Though fitness businesses are great small town business opportunities, they are especially lucrative for locations where the weather is colder more months out of the year than not. It’s also worth mentioning that the boutique fitness trend is red-hot at the moment and shows no signs of dying down. The appeal of massive gyms with rows and rows of weights and cardio equipment is losing popularity. Meaning, there is no better time than now to capitalize on the boutique fitness trend.
Resource Recommendation: Since this step can have such serious repercussions if it’s not done correctly, we highly recommend investing a few minutes to read through our business structure comparison guide before deciding on one. Then, when it comes time to officially form your business, you can either do so on your own or use an online incorporation service. Take a look at our top 7 incorporation services for an in-depth discussion of our favorite providers!
If your business provides a service, you may also want to consider professional liability insurance. It covers you if you do something wrong or neglect to do something you should have done while operating your business. Learn more about the types of insurance policies your business might need here.
Someone out there is remodeling their kitchen and needs to know which shade of granite will match best with mahogany flooring. That someone will often be happy to pay you for your advice, especially if you’re the kind of person that subscribes to websites like Contemporist and you have the motivation to turn this business idea into a money-making enterprise.
The majority of us don’t have the luxury of being able to quit our day jobs to pursue starting a business idea today, without having to worry about how we’re going to meet our financial obligations moving forward with no immediate income.
Get a post office box for your business. This is especially important if you have business cards or will be regularly corresponding through the mail. The simple fact of the matter is that PO boxes look more professional than using your home address.
#33 – Carenet – For a nurse looking to make some extra bucks from the comfort of your home, try Carenet. This is an online company that hires registered nurses for telephone triage. Carenet pays $25 for every hour.
Marketing a business can also include building a brand, setting up a professional website, driving traffic to your site with search engine optimization, and using a promotional strategy, among other tactics.
If you tell people you run a lawn-cutting service they might laugh at you, but so what! You can make a lot of money cutting lawns! You can start with one lawn and a second-hand lawn mower, and grow your business into riding mowers, full landscaping services, fancy trucks and trailers, and lots of happy customers! Click here to see the sample marketing plan I wrote for a lawn service business.
The Internet has created opportunities for people who can sew and design custom clothing for special events. Many people have found success creating custom birthday outfits for babies and selling them on sites like Etsy or eBay, for example. In addition to selling online, you could also market this service to people in your local community.
Many businesses and civic institutions need individuals who can clean their offices and common areas outside of normal business hours. If you’re willing to work some nights and weekends, you can build a cleaning side business and get in shape all in one fell swoop.
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.
If you own a car but barely use it, you can make some easy cash as an effortless side business idea by renting it out on Turo. Before you freak out, know that there’s a $1 Million insurance policy on all cars, plus drivers are prescreened, so you can have peace of mind.
You need to start out with a good location and you need to do some marketing to get going. This business may also end up being more work than you envision. Something will often need repair, every guest will seem to have a special request, and there will frequently be some renovation or upgrade project you will want to work on. But if you like meeting and entertaining new people, and have lots of energy, this can be good solid business.
If you can save up as much of the start-up capital yourself before you open your doors, you will help ensure that loans won’t sink your new business. Remember, also, that there’s an outside chance that a lender will call a loan or add unfavorable terms if your business isn’t as successful as you initially planned. If you provide as much of the start-up money as possible, it will lessen the odds of a nasty surprise like this hindering your business.
I started two different map businesses while in college, both of which I later sold. One was a street map of a local resort area, which I sold to retailers and also sold advertising on the back side of. The other was a tourist map of the island of Nantucket which I sold at retail. Today with everyone using navigation systems, I would be less excited about putting together a street map. But a fun illustrated map showing local business sponsors still makes for a viable business model.
This is a nice little niche business with a strong personal service element and a market that’s not just looking for the cheapest product. Netting for railings, cabinet door catches, safety coverings for electric outlets, door locks…there are lots of safety elements that need to be changed to make houses safe for babies and toddlers. Do your research carefully and make sure you are not missing any safety elements.
Refusing to accept that I had no musical talent, my parents took me to many music teachers over the years, from a home based piano teacher to school based trumpet teachers. If you are patient with young students or talented enough to work with more experienced musicians, this could be a very satisfying way to make some good money.
Like to grow vegetables? Focus in on one vegetable and sell the excess to grocery stores and at farmers’ markets. My father does this with tomatoes and earns some solid extra money during the summer months. You can do really well, though, if you can grow things inside during the winter – February fresh tomatoes can sell quite well.
Federal: The federal licenses and permits page on the Small Business Association’s website outlines all the business activities that call for special permission from the federal government, and directs you to the proper agencies. They also have a decent article on business taxes, but the best place to learn about this is on the IRS website.
You will, of course, need to spend extra hours and work harder. But the transition from being an employee to a business owner will be far smoother as you won’t have additional expenses to worry about.