If you keep your money hidden in the attic or earning close to nothing in a savings account, you might want to consider putting it to better use through smarter investing as your side business idea. Sure, there are plenty dangers to look out for, but most personal finance experts will advise you to start learning about the stock market if you want to grow your wealth, and to avoid jumping too heavily into trends like Bitcoin and other cryptocurrencies without proper understanding.
As the saying goes, one person’s trash is another’s treasure. Without people cleaning up everybody else’s junk, the world would be a lot messier than it already is. This business idea might not be glamorous, but you get to make the world a cleaner place while earning extra side income. To start, you’ll likely need a sturdy second-hand truck and standard equipment like shovels, wheelbarrows, sledgehammers, rakes, and garbage cans to launch the foundation of this side business idea.
The price for web design ranges from free to $2500.There are too many companies that offer web design so do your homework and ask for references. Several hosting packages come with free templates for you to design your website yourself. If you need someone to help, Fiverr.com has people with pretty good skills that will create simple websites starting at $5 and will give you excellent deals for more complicated designs. You can find logo creations, SEO services, and advertising services starting at just $5.
To get started, first you'll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven't already bagged your broker's license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm--and all of your employees must pass the same tests.
A fish farm or fish based business could easily generate a good amount of money. Even if you are not a traditional fish farmer, you could easily make a steady income from your home, using aquaculture fish farming techniques. Fish is increasingly becoming popular as a source of protein, and it could easily feed a small family with very little cost or overheads. There are also other benefits of fish farming. You could use the waste from your kitchen to feed your fish, and if you have a kitchen garden, you could also use the waste from your fish as fertilizer for your kitchen garden.
Do you have a room that has its own bathroom and is private from the rest of the living space? Are you near attractions such as a tourist area, sports stadium or venue for a large annual event? Or is your home in the country with spring peepers, summer crickets and crisp fall nights that could give a city-dweller a weekend of peaceful living? Say you can rent the room for $150 a night for Friday and Saturday nights 48 weeks a year--that's $14,400 in revenue! Utilize what you have and create a unique experience.