The Best Side Business Ideas for Busy People
Starting a business to supplement your day job's income can help ease worries over your 401(k) losses.
For Matthew Griffin of Indianapolis, it also helped him make better brownies.
In 2004 Griffin created a side company for his idea of a new brownie-baking pan that yields more than four corner brownies, hoping the invention might add to his income. Without quitting his day job, he perfected the design with his wife, Emily, for several years. The success of their company, Baker's Edge, grew steadily, and Griffin became full-time CEO and president in 2008.
Griffin's advice to others who start a side business: "Keep your day job and your side job separate. Mixing the two will cause serious issues, and can quickly cause you to lose the stability of your full-time job."
Simple Side-Business Ideas
Whether the struggling economy or an inventive idea is prodding your inner entrepreneur, here are five categories of side businesses that are easy to start (Note: Possible hourly salary data from PayScale.com included, where possible, but rates may vary by location and experience):
Social sales. Companies like Mary Kay, Pampered Chef, Tupperware, and Stella & Dot rely on thousands of independent sales people who work very flexible schedules, often while networking at house parties. Startup kits can cost more than $100, but training time is short. The earnings potential attracts many, often leading to a career change. Stella & Dot stylists, for example, can earn more than $75 per hour, according to the company's website.
Freelancing. Turn one of your marketable skills into a moneymaker to pursue at your convenience. The options are wide for needs you can fill in the marketplace, such as writing/editing, animal care, cutting hair ($22 to $44/hr), being a DJ at weddings, organizing closets, translation (up to $40/hr), and mowing lawns.
Or try a freelance activity that meets one of your needs, too. Tom and Melissa Dowler of Boston started their video production company, Long Haul Films, as a creative outlet they could pursue as a couple.
Online stores. One person's junk is another resourceful person's goldmine, as many eBay store owners have shown us. Or you can set up shop using your own unique domain name and sell items you make or collect. (Yahoo Small Business tools can help with buying a domain name and setting up an online e-commerce store.)
Think broadly -- maybe your customers would rather rent than buy. New Yorker Brittany Haas started her boutique, Something Borrowed NY, to rent designer bridal accessories.
Consulting. Use your expertise to fill a need. For example, you can prepare taxes ($22/hr) for people who find the process too confusing. Other skills that lend themselves well to consulting include personal finance advising (up to $63/hr), wedding preparations, Internet marketing, computer troubleshooting, public speaking, and interior design (up to $40/hr with 5 years of experience). One simple way to get started: become a registered expert on JustAnswer.
Teaching. You may need a certain level of training or certification for some side businesses in this category, such as yoga instructors (up to $47/hr) or fitness trainers (up to $29/hr). Ask yourself: What am I good at? The many options in this field can include musical instruments, foreign languages, academic tutoring, dance, and various forms of art.
Jason Fitzgerald of Washington, D.C., turned his skills as an elite marathoner into a Strength Running program in 2010 that has helped many runners get stronger and prevent overuse injuries.
Startup Tips from the Experts
The work of starting and maintaining a side business will be much easier if you heed the following advice.
Map out the details.
Video producer Melissa Dowler says, "Put together a business and marketing plan; get business cards printed; make sure you have an up-to-date website and social media; and set achievable goals that you can work towards. All of these things will help you keep focused and stick with it during stressful or busy times."
Make time for your side job.
"If you really want to develop it as an income source, you need to be consistent and dedicate the time to it," Griffin says. "Be prepared to give up your free time. If you are doing it right, it should feel like you have two full-time jobs."
Guard against burnout.
"Give yourself at least one night a week to relax," says boutique owner Haas. "Without that needed break, you won't be able to give 110% to each job."
Put your heart in it.
Marathon runner Fitzgerald says, "Make sure that you are deeply passionate about your business; that will keep you going during times of low revenue when you're not seeing a lot of return on your time investment."
Source: Aabacosmallbusiness
HERE IS A COMPILED LIST OF SMALL BUSINESS IDEAS:
I present to you my small compilation of small business ideas one can start with little money or no money.
It is not guaranteed that you will become rich doing any of these businesses just because I said profitable but for the enterprising folks that pick any of them and chooses to be diligent and resourceful, I believe the sky will be the limit for that person whether or not the business is small scale or on a part time basis. By the way, there are many more ideas one could come up with so good luck with your search.
I have compiled this list for those who are looking for a means of livelihood or better yet are working but are looking for an alternative source of income. All the best as you pursue your small business.
1. Proposal writing
2. Real Estate Agency
3. Information Marketing
4. Blogging
5. Web publishing
6. Selling Fruits
7. Baking confectioneries
8. Selling honey
9. Home tutoring
10. Freelance marketing
11. Freelance writing
12. E-books publishing
13. Affiliate marketing
14. Crafts business
15. Bead making
16. Weight loss classes
17. Exercise Instructor
18. Party Planner
19. Business plan writer
20. Business broker
21. Aerobics Classes
22. Carpet Cleaning and car washing
23. Corporate Cleaning Services
24. Computer instructor
25. Dance Instructor
26. Graphic Designer
27. Web designer
28. Computer programmer
29. Computer Repairs
30. Mobile Phone Repairs
31. Charging of car and phone batteries
32. Time management consultant
33. Cooking service
34. Cosmetic sales
35. Dating Service
36. Directory Publisher
37. Editor
38. Email marketing
39. Employment Agency
40. Event Management
41. Event Planner
42. Fruit Selling e.g Apple, Pineapple etc
43. Export Agent
44. Ezine Publishing
45. Facialist
46. Hair Stylist
47. Beautician
48. Make-up Artistry
49. Freelance photographer
50. Ghost writer
51. Greeting cards designer
52. Food Delivery service
53. Home made story books
54. You tube Videos
55. Information broker
56. Infopreneur
57. Internet marketing
58. Internet service provider
59. Internet recruiting
60. Interpreter/translator
61. Foreign Language Teacher
62. Mailing list service
63. Market research
64. Monogramming
65. Music lessons
66. Nanny Service
67. Online internet training
68. Painting
69. Payroll service
70. Martial arts instructor
71. Pet training
72. Selling Pet products
73. Proof reader
74. Public Relations Agency
75. Public/Motivational Speaker
76. Reporter
77. CV/Resume Writing service
78. Self Improvement Seminars
79. Self Publishing
80. Song writer
81. Teaching
82. Technical Writer
83. Telephone Answering service
84. Tour Guide
85. Travel Agency
86. Scholarship and Overseas Study consultant
87. Typing service
88. Mobile supermarket
89. Writing press releases
90. SMS marketing
91. Excursion Service
92. Holiday Camp
93. Video game Center
94. Viewing Center
95. Day care center
96. Car wash service
97. Selling chilled Zobo Drinks
98. Youghurt
99. Home Business Center
100. School Dropping and picking service
It is not guaranteed that you will become rich doing any of these businesses just because I said profitable but for the enterprising folks that pick any of them and chooses to be diligent and resourceful, I believe the sky will be the limit for that person whether or not the business is small scale or on a part time basis. By the way, there are many more ideas one could come up with so good luck with your search.
I have compiled this list for those who are looking for a means of livelihood or better yet are working but are looking for an alternative source of income. All the best as you pursue your small business.
1. Proposal writing
2. Real Estate Agency
3. Information Marketing
4. Blogging
5. Web publishing
6. Selling Fruits
7. Baking confectioneries
8. Selling honey
9. Home tutoring
10. Freelance marketing
11. Freelance writing
12. E-books publishing
13. Affiliate marketing
14. Crafts business
15. Bead making
16. Weight loss classes
17. Exercise Instructor
18. Party Planner
19. Business plan writer
20. Business broker
21. Aerobics Classes
22. Carpet Cleaning and car washing
23. Corporate Cleaning Services
24. Computer instructor
25. Dance Instructor
26. Graphic Designer
27. Web designer
28. Computer programmer
29. Computer Repairs
30. Mobile Phone Repairs
31. Charging of car and phone batteries
32. Time management consultant
33. Cooking service
34. Cosmetic sales
35. Dating Service
36. Directory Publisher
37. Editor
38. Email marketing
39. Employment Agency
40. Event Management
41. Event Planner
42. Fruit Selling e.g Apple, Pineapple etc
43. Export Agent
44. Ezine Publishing
45. Facialist
46. Hair Stylist
47. Beautician
48. Make-up Artistry
49. Freelance photographer
50. Ghost writer
51. Greeting cards designer
52. Food Delivery service
53. Home made story books
54. You tube Videos
55. Information broker
56. Infopreneur
57. Internet marketing
58. Internet service provider
59. Internet recruiting
60. Interpreter/translator
61. Foreign Language Teacher
62. Mailing list service
63. Market research
64. Monogramming
65. Music lessons
66. Nanny Service
67. Online internet training
68. Painting
69. Payroll service
70. Martial arts instructor
71. Pet training
72. Selling Pet products
73. Proof reader
74. Public Relations Agency
75. Public/Motivational Speaker
76. Reporter
77. CV/Resume Writing service
78. Self Improvement Seminars
79. Self Publishing
80. Song writer
81. Teaching
82. Technical Writer
83. Telephone Answering service
84. Tour Guide
85. Travel Agency
86. Scholarship and Overseas Study consultant
87. Typing service
88. Mobile supermarket
89. Writing press releases
90. SMS marketing
91. Excursion Service
92. Holiday Camp
93. Video game Center
94. Viewing Center
95. Day care center
96. Car wash service
97. Selling chilled Zobo Drinks
98. Youghurt
99. Home Business Center
100. School Dropping and picking service
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