So at the risk of generalizing, I am going to paint some broad brushstrokes of what I think most people’s chances of success are in different businesses. Before you think that my broad rules of thumb don’t apply to you, perhaps because you have some related experience or a good idea, I offer to you that, on average, the type of business you choose to go into will have more impact on your chances of success than even factors such as your experience or how unique you consider your idea to be.
Buy and sell domain names. If you’re good at finding popular yet undiscovered domain names, you can make some cash on the side by buying and reselling websites. Think of it as digital real estate speculation. Domains are available on GoDaddy.com for as little as $2.99 per year, but are sometimes resold at far higher prices: According to Business Insider, the site MM.com sold for $1.2 million dollars in 2014. Once you find the perfect domain name to resell, you can market it on Flippa.com for a flat fee.
NerdWallet has rounded up some of our best information on starting a business, including structuring and naming your company, creating a solid plan and much more. We’ll help you do your homework and get started on the right foot.
Companies large and small need to be posting regularly to social media or they will be left behind. Many companies outsource this work to social media specialists. This is a great business because you will receive ongoing work and a recurring revenue stream. And the work is easy enough that over time you can delegate the day to day posting work and build a social media agency empire!
With surveys, you can start making money as soon as today. The cool thing about Survey Junkie is that you can sign up for more than just one company, this way you can have a constant flow of opportunities to fill out surveys in your downtime.
Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.
Then you have the issue of theft. The summer I ran Bob’s Rent-A-Bike, I had seven bicycles stolen. One day, one of my rental agents (the owner of a small motel), called to say that although no bicycles were stolen that day, someone had walked off with the unlocked 20-foot-long, 30-pound chain that I gave him to lock up the bicycles at night!
great ideas list..a care giving agency is the best option in my opinion. Starting one and managing it is also easy. For management there are several softwares like http://www.saviicare.com that can help you handle the agency easily.
30. Movie or TV Extra – Depending on where you live, you could become an extra on a TV show or movie. Many studios are always looking for a steady stream of extras, and you can get paid a couple hundred dollars for just standing or walking around in the back of a movie set.
Open an Etsy store. If you have a creative talent or skill – whether it’s creating art, sewing clothes, or making keepsakes – you can open an online store on Etsy.com and sell your wares for some quick cash. With your own Etsy store, you’re left in charge of pricing and, ultimately, how much you make. See our detailed primer, “How to Make Money on Etsy.”
Yes, even the PowerPoint presentation requires outside consulting every now and then—especially if it’s not your forte. I know I would happily outsource the visual layout of my presentation decks for work meetings, investor pitches and lectures. Tobias Schelle of 24Slides is living proof that you can turn your skills at slideshow presentation design into a legit side business idea—and potentially earn up to $20 a slide for your time and talents.
Check if you need a model release. Photos of people can only be sold for commercial use if they’ve signed a ‘model release’ that allows you to use their image (children need a parent/guardian to sign). Though without a release, the photos can still be used for editorial.
The old-fashioned paper route still provides income for thousands of people each and every week. If you’re looking for a quiet, simple job to perform during early morning hours, a paper route job might be for you.
This wonderfully diverse and unique environment brings with it the opportunity to develop and create products from uniquely South African resources, such as our rooibos plant, unique African spices, African aloes, or even distinctly different SA wheat and hops.
MSE Sarah recently earned £6ish in just one lunch hour. Though it’s worth noting this was in London, where there are lots of shops and restaurants. You can use the app across the UK, but your earnings may be lower if you live somewhere less built up.
Car parking service is a recent concept, as you know that parking car in the business area is always a problem if you have huge space you can utilize this space by providing safe and secure car parking place.
Depending on your credit (and again, your current financial situation), a personal loan might be another good option. We do NOT recommend using payday loans. However, a peer-to-peer lending platform such as LendingTree could work for you. You could also visit a local bank and look into obtaining a small loan through them.
The Make In India initiative has almost every Indian manufacturer look at exporting products to foreign markets. Licensing is a must for this trade as well as good contacts with sea and air freight carriers. You can export anything from garments to machinery.
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Yes, you can compete with the Starbucks and Dunkin Donuts of the world! However, these chains have raised the bar, so your coffee or tea must be not just good, but awesome! Your ambiance better be good too. Your location needs to be good as well. Plus, you need to be distinctive. One way to stand out is to compliment your world class beverages with some fabulous foods. So yes, you can compete, but you’ve gotta be firing on all cylinders in this competitive space!
Set up an account on Rover.com. Enjoy furry company once in a while? These days, many professional pet-sitters set up an account on Rover.com. With Rover.com, you can reach people in your area who are actively looking for someone to watch their dogs, cats, hamsters, or turtles, either in their home or your own. You can set your own rules and schedule and come up with your own pricing through the Rover.com pet-sitting platform.
There’s a lot of money out there in grants, but writing grant proposals can take a lot of time, especially if you are not experienced at it. Like so many other fields, specialization will help get business, and it will allow you to charge much higher fees. And, as you build a track record of successfully securing grants, you will also be able to charge more.
Ghee, cottage butter and paneer are integral parts of the Indian diet. You can start a small business by making these food products at home, with some basic skills and equipment. They can be marketed directly or through stores.
Nowadays, even small events such as weddings and company parties enlist the services of event organizers. This is a rather intricate business idea since you have to offer solutions that cater to every need of the entity holding the event.
You would have to cover yourself legally, though. You have to do things so they would be transparent enough, and legally documented well enough, to actually get what you deserve for this provision of service. Some home owner definitely don’t like to hear that you want to take a cut without signing a prior deal with them. On the other hand if you have a website or a blog to show, you might be able to get some early permission to find them buyers.
Facebook – Facebook swap shops are great for selling things locally. It’s like CraigsList, but a little easier. You simply search for swap shops in your area and ask to join the group. Once you’re in, take a picture of the item, write a quick description with the price and post it. It doesn’t get much easier than that. You can generally expect to get about what you would get at a yard sale, maybe a little more.
As mentioned earlier, Lawrence is now working harder on the business than he did in the early days, since he is looking to scale, but Entrepreneur spoke to him about the ins and outs of creating a lifestyle business or side project that doesn’t demand absolutely all of your time.