Incidentally, helping others grow their wealth is also a good way to grow your own financial worth as a side business idea. If you have stock market and finance credentials, then you can earn freelance commissions or consulting fees, advising clients on how to get the best returns for their investments as a lucrative side business idea if you can get results for those clients—otherwise this business idea can be the fast-track to alienating friends and family, so be careful.
If you already have a website that's driving in targeted traffic, a great way to make passive income from the content you're already creating as an easy side business idea, is through affiliate marketing. ShareASale, Rakuten, Clickbank, and Skimlinks are a few of the best affiliate networks and tools that can help you make money from the content you already produce, thus amplifying your side business idea income. Check out this extensive list by Justine Grey, covering the 59 Best Affiliate Programs for Business Bloggers to get some inspiration on how other bloggers are growing affiliate blogs from side business idea to full-time company.
The process of gathering information and writing a business plan helps the entrepreneur take an objective, critical look at the business idea and its chances for success. A home-based business may be related to an individual's previous occupation, but may also be based upon a hobby or the discovery of a unique business opportunity. In any case, the idea should be evaluated with an eye toward market potential and competition. Once the business is up and running, the business plan sets forth goals and standards for management and serves as an operational tool to measure progress. Although there are many ways to start a home-based business—including "moonlighting" while employed full-time, working part-time for an employer and part-time at home, and just taking the plunge—planning is important to all of them.
Renee Belbeck, a WAHM from Columbus, Ohio, and C.E.O. and founder of the National Association of W.O.M.E.N. (Women, Owners, Moms, Entrepreneurs, and Networkers), discovered a simple rule when her children were toddlers: "If I gave them a little quality time, I'd get two hours to work." She says the rule still holds true, even though her children are now 10 and 6.
Employed techies planning to earn some extra side income can leverage their software and hardware skills by offering home-based computer repair services as a business idea that engages their passion. If this rings a bell, you can start with a modest one-man tech team before envisioning a scaled-up operation as massive as Geek Squad. Remember, you can provide home service locally as a starting point to this business idea, as well as offer remote support through online messaging and video calling services before making your way into a retail setting.
Freelancing — I mentioned contracting as a virtual assistant for a multi-VA firm above, but you can also these services – and others – directly to clients. Freelance jobs include things like web design, bookkeeping, social media management, and being a virtual assistant. Even if you don’t think you have marketable skills, all it takes is a conversation with someone about what you know how to do, and you’ve got the potential for a freelance business. Plus, you can always deep-dive into something that interests you (Facebook ads, landing page design, marketing on Pinterest, podcast production, and more) and specialize in that area.
Now, earning money from home has become even more convenient. Learn three new opportunities you can begin to make money from home right now using your phone, tablet, or computer. Perfect for on-the-go, school pick-up lane, or even sleepless nights. Yes, we know you can relate as a busy stay at home mom. So why not maximize your time by making money? View what we have below and click the … Read More »
But once you’re in your home office—alone, every day—you might start to miss that collegial camaraderie. Since the UPS incident, I’ve reached out more to colleagues via IM and will post cute pics of my new puppy for my colleagues to see on Yammer. And when we’re on deadline, we even (gasp!) talk on the phone. It’s helped tremendously to make the disconnect not feel so severe. It’s a good balance between having peace and quiet when you need it and much-needed interaction with others, too.
It used to be that if you had a product to sell, you also had to have a storefront and all the costs associated with it. These days, you can sell anything to anyone anywhere in the world. Whether you’re marketing the organic honey from your backyard apiary or selling personalized linens that you embroider yourself, you can find a market for your products online.
It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent. Did I mention it’s a way to travel and live rent free? Here’s a list of four great websites from the legendary Nomadic Matt, to start your housesitting side business idea search.
Selling Products — Whether you’re a maker of physical goods or someone who’s more into writing books or putting together digital downloads, you can sell your wares online. Sites like Etsy and eBay are great for selling physical goods, FBA is an interesting way to become a reseller, Amazon is the go-to site for self-publishing and selling your own books, and you can sell digital products on your own website, on sites like Etsy, or even in ClickBank.
Businesses always need graphic designers to help them convey information visually, through logos, advertisements, posters, websites, and the like. While it is possible to be an entirely self-taught graphic designer, most have either a certification or a degree. Other than the cost of design software, this business has very little overhead and can be done anywhere with a dedicated computer. According to the Bureau of Labor Statistics, graphic designers have a median salary of $45,000.*
Everybody knows that finding (and landing) your dream job can be tough—especially when you've had the same position for a while and your resume is looking a little rusty. Before jumping in and becoming an expert resume writer, you'll have to learn how to write a resume on your own, and then practice by redoing resume's for your friends and co-workers. Next, you're ready to join a resume writers' association, continue establishing your credibility and you can eventually make your way into more hands-on career coaching opportunities.