Cash, or the lack of it, is one of the key indicators of a company’s success over the long run. If you have cash, you can buy and stock new products for your customers, develop innovative new services for your clients, pay for your day-to-day operations, and expand your operations. If you don’t have cash, your business will certainly suffer, and so will your customers and clients.
You need to decide whether you will sell your herbs as live plants, picked or cut in bunches and packed, or dried. If you plan to market to cooks instead of gardeners, you will want to sell your herbs either fresh cut and packed in sealed bags, or dried and sold in baggies. You can also consider a "pick-your-own" arrangement; however, be aware that herbs are more delicate than most P.Y.O. products. You may save your garden a lot of strife and your plants a lot of wear and tear if you do the picking.
Online and mobile dating are booming. Thousands of people around the world are looking for love online and, unfortunately, many are unsuccessful in their quest. As a dating coach you’d be responsible for helping your clients to organise and prepare for a perfect date, to refine their flirting skills and to advise on the do’s and don’ts of a dating life.
Robert Nava is the owner of National Parks Depot and an ex-con who never thought he’d end up a highly successful ecommerce storeowner. Today, National Parks Depot pulls in $80,000 a month selling all kinds of outdoor gear and wear for camping, fishing, hiking, hunting, cycling, rafting and scuba activities. Robert says building his ecommerce store through Shopify was one of the easiest things he’s ever done.
Wedding photographers command premium rates. After all, you are capturing one of a couple's most important life moments, making it a very lucrative side business idea. Many professional wedding photographers charge between $2,500 - $10,000 (or more) to shoot a wedding, so it's realistic that this side business idea could quickly blossom into becoming a full-time endeavor with the right happy clientele base that's willing to refer you to their friends and family. Check out the Complete Wedding Photography Experience over on CreativeLive to get up to speed on everything you need to launch a successful wedding photography business.
Best of all, unlike a brick-and-mortar business, you don’t need a lot of startup capital. In fact, you can get many internet businesses up and running with no money at all because so many free services facilitate the possibility. For example, you can set up a website or blog for free using WordPress. Or you can leverage a third-party site like Amazon or eBay to sell goods. You use their selling platform in exchange for giving them a cut of your sales.
You love dogs? You’re good at taking care of them? You want to open a dog-boarding business? Just make sure you’re prepared. Sure, it’s a great opportunity, and it’s totally doable—with some planning. Make sure you know your local zoning laws and, perhaps more importantly, make sure your neighbors would be OK with some extra noise and activity around your place.
Like recycling, this side business idea requires the willingness to get your hands a little dirty. If you enjoy working outdoors, then you can make a pretty good side income cleaning up litter outside retail, office and industrial properties—especially for businesses that have large parking lots that need regular cleaning. Property management companies need their properties maintained litter free and you can do so with an on-foot service using inexpensive equipment like this cheap pick-up tool and a broom. Charge for your time at $35 - $50 per hour and bill your clients the same contract price each month. For even more on how to get started with a litter removal side business idea, check out Cleanlots.
Be prepared to face a catch-22 when it comes to funding. “More often than not, a home-based business is going to require less capital, but often, because most of the funding is for intangible assets, it’s harder to get more traditional sources of funding,” says David Nilssen, CEO and cofounder of Guidant Financial Group, a firm specializing in self-directed IRAs and small business financing. If you’re having trouble getting a traditional bank loan, Nilssen recommends these options for obtaining outside funding.
Most hosting providers come in at a similar low price point – often from just £1 a month – so business owners should look at online reviews and go for quality of support, says Alex Price, founder of 93digital.co.uk. ‘You need to know you can get in touch with your hosting provider quickly and easily, at any hour, if your website goes down,’ he adds.
If you want to find a profitable online course idea in the next 3 days, join my free online course Find a Profitable Business Idea today. It'll walk you step-by-step through the process I've used to generate more than $15,000 in online course sales in a single week. Then once you're ready to start teaching your own online course, I recommend using Teachable, the easiest and most affordable platform to use for creating, hosting and selling your online courses. They also have a ton of free educational resources about how to get started with creating an online course (yes, even as a side business idea) when you sign up right here.
Becoming an Uber driver has quickly become a great way for people to get their own business off the ground. You will need to pass a background check and have valid instate driver’s license and auto insurance. The process is pretty painless and will get you rolling on your own business. Many people start as an Uber driver to pay the bills while they work on another business that they are more passionate about. Check out our post to learn more about Uber driver requirements.
If you’ve mostly been buying print ads, consider web-based ads. If you have tried Google Adwords, you might want to try to advertise on Bing or Facebook. Try sending out a newsletter by email, and don’t forget about social media. If you have a B2B target market, you could start your own business networking group. The key is to always try at least one new marketing technique. If it works, great, keep doing it. If it doesn’t work, try something else. Entrepreneurship is about experimenting with new ideas.
Instead of spending hours playing with accounting software, dreaming up potential expense and income categories, and creating fancy reports with no data, spend that time generating revenue. As long as you record everything you do now, creating a more formal system later will be fairly easy. It will also be more fun, because then you'll have real data to enter.
Starting a pet sitting service requires almost nothing in start-up costs. You do need some general credentials that will cost little or nothing to acquire. Your list of credentials should probably include personal pet ownership--if not currently, at least in the past--as well as other pet-related experience, including working at a pet food store, an animal hospital or other animal-related business. You will need to spend a little to become "bonded." This is known as "honesty insurance," and ensures your clients that you won't get their house keys and make off with their valuables (or that they'll get their money back if you do).
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye's awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
Home-based businesses make great money: Many people have the misguided idea that home-based businesses aren’t “real” businesses — like you’re somehow “less” of a success if you work from home instead of having a brick and mortar storefront. But according to this survey data, business is booming for home-based entrepreneurs. Home-based companies are generating big bucks — with total annual revenue of $427 billion per year. And 20 percent of home-based businesses make $100K-$500K per year — that’s a very comfortable income for anyone working from home. You have to remember that if you do start a home-based business and build a great income, you are on your own for health care and other benefits, so that is a consideration.
Your business is only going to come to life if you do the things you need to do to bring it to fruition. If you continue to put off the things you need to do to get your business started until tomorrow--you're too busy at work, or your kids need you to pick them up at the mall, your spouse wants you to watch a popular new television show--then when will you ever get around to doing them?
After you’ve tested and tweaked your small online business site with a limited amount of purchased traffic, it’s time to start generating qualified traffic for your site on a larger scale. You can either continue with paid advertising (PPC) or with the generated traffic optimize your website with the research you have acquired on keywords, user navigation and conversion rate.
Once you gear up to get your business off the ground, you may also want to consider getting a business credit card. Not only can a business credit card help you manage cash flow as you get started, but the right card can help you earn cash-back you can use to run your business as well. The Ink Plus® Business Credit Card is a smart choice for anyone who wants to earn flexible points on their business spending. At the moment, the signup bonus alone on this card is worth $600 in cash back! Meanwhile, the Ink Cash® Business Credit Card awards you with $200 in cash back after you put $3,000 of your new business expenses on the card within the first 90 days. Plus, this card comes with no annual fee.
At this point, I was confident that people were searching for these parts and decided that we needed our own website. I contacted a few local web developers who all came back with quotes ranging from £4,000 to £8,000. Being a proud northerner, it was more than I was willing to gamble and I decided to put the whole thing on the backburner. Searching the internet one wet afternoon I discovered a hosted e-commerce solution for just £20 per month.
Despite Instagram's growing popularity, not all brands know what they're doing on the app. If you have a background in social media and marketing and a passion for photography and Instagram, starting a consulting business that focuses on the popular photo app can be a great way to make money while helping other businesses improve their content and thrive.
I find it really hard to get pace on a project unless I get help. Look at your key objectives and ask how you’re going to get them done. What with work and other shit nothing ever moves as quick as you’d hope on a new project so must find ways to delegate tasks to others. This could be Mum, Dad, Wife, friend or whoever but make sure they are uber serious about completing the task for you, otherwise you’ll go even slower!
How can you make a living as a real social-media expert? Practice. Build an audience for yourself before offering your services to others. Determine your target sector, build your own online presence in that community and start making contact with the social-media elite. Twitter is a great place to start. Keep cranking out content and getting it to the right users, and you’ll find a way to get yourself hired even in an ever-expanding universe.
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.
For a small business on a modest budget, advertising must be cost effective, as the price can be prohibitive. ‘Businesses looking to take on advertising must weigh up their ROI,’ says James Blackman of CocoonFX Media. ‘If, for example, you’re considering an advert for £1,000 in a magazine with 12,000 readers, ensure that magazine is very much your target audience.’
Minimize the cost of overhead. “The number one thing that will kill any business is overhead,” Wolfe says, noting that high overhead costs often pile stress onto new business owners. It can be costly to rent commercial office space and set up a phone system, internet, and other services in the space. In contrast, with a home-based business, you make use of space for which you were already paying rent or a mortgage, and you can piggyback off some services that are already in your household budget, such as home internet, he says.
A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that'll keep you outdoors and moving your body on the weekends.
You will want to become certified in massage therapy to be able to effectively market your services. Courses that lead to certification include not only information on human anatomy and physiology and the effects that massage has on both, but also on how to make a business out of the field of massage. You could do either a certification program or an associate's degree and stay within the $5,000 scope of this book.
To improve your chances of success in business, it’s essential that you do your homework and research your business idea. Identify your target market and analyze the competition. To find a profitable niche for your home-based internet business, you have to find the crossroads between what people want and what you’re passionate about. John Jantsch, author of Duct Tape Marketing said it best: “Bring the best of your authentic self to every opportunity.”
Price of 93digital.co.uk says companies should make sure they define their target audience and who they’re marketing to. ‘If you set up a Facebook ad campaign for anyone between 20 and 30 in the centre of London, you’re not going to get value for money, so it’s about defining those personas,’ he says. ‘What are the pages they might like on Facebook? What kind of interests do they have? Make sure you target that advertising in as much detail as possible.’
Hairstyling is a popular business that can be quite lucrative. Generally a home based hairstylist business is likely to be started by someone who has already has a cosmetology career and wants a change. If you already have your cosmetology training and license, and loads of experience under your belt working in a hairstyling salon, you probably have a following that will follow you right home without any hesitation.
People respect those who know more than they do. By specializing, you assume the role of a presumed expert, even if you’ve just started your business. It makes good business sense for your clients to hire an expert instead of someone less experienced. By avoiding the mistakes and dead ends that someone with less experience may make, your clients could end up spending less money by hiring you — even if your hourly rates are higher.
If you don’t mind parading yourself around in public places as a side business idea, and enjoy a little attention, then working as a human billboard can pay a surprising amount of dividends. Renting out your beard, for example can earn you as much as $5 a day while having a brand logo tattooed on your shaven head for five years could pay as much as $7,000—though this type of earning opportunity is admittedly rare. This business idea is definitely not for the faint of heart, and is a little extreme for me, but nonetheless it's been done as a side hustle for many people. You can start by holding a placard or wearing a sandwich board. If you think this is a good side business idea, you can go all the way and turn it into a full on small business idea with enough hard work—plus you won't have to deal with all the issues other more complex businesses have to constantly think about (like reducing churn).
Set up a merchant account. Service businesses in the past had to generally rely on cash or check—setting up an entire credit card processing system was a thankless, expensive task at best. Using a service such as PayPal makes it possible to accept virtually any form of credit or debit card for your services, and includes dispute resolution should the need arise (and it will arise).