Not to be confused with hoarding, this business idea takes a lot of time, patience, and passion. If you have an eye for good art, it’s easy to get in on the ground level by visiting the studio department at your local university—though don't expect to get rich overnight with this side business idea. Many art students are more than happy to sell their work for a bargain, and in as little as a few years, there's a chance that piece you bought for a couple hundred bucks may be worth well into the thousands. Beware though, this business idea will take a whole lot of patience (and storage space for all that art).
If you are fluent in more than one language then you should take advantage of this skill as Google Translate can only go so far. There are a lot of opportunities for people who can translate text and speech and many are online. Jobs do exist in traditional job search sites for this or you can set up a profile and start immediately on freelancing websites or one of the many sites that provide work specifically for translators.
11. Handmade craft seller — While you could run a clothing shop on sites like Etsy, these platforms are especially suited to crafters who can produce a steady supply of quality handmade items like crocheted blankets or unique painted glassware. Start-up costs are extremely low if you purchase your materials in bulk from a craft supplier, and if you can turn orders around quickly, you’ll be making a profit in no time at all. It’s even possible to turn your store into a full-time gig.
I think Drop shipping is the best way that can help you make money online. It is the only way that allows you to start an online business without investing capital in inventory, warehouse and to buy products individually from a wholesaler and ship them directly to your customer. Moreover, with my drop shipping experience, you will learn key strategies that you won’t learn anywhere else to help your online business grow and thrive.
And while it will take time to build up a big-enough audience to attract advertisers and other ways to make extra income from your podcast, the opportunity is there. John Lee Dumas interviews entrepreneurs seven days a week for his podcast Entrepreneur on Fire and now makes more than $200,000 a month from it. In fact, John publishes all his income online and showed that he’s made almost $13 million since launching in 2012.
According to the National Retail Federation (NRF), it's been estimated that retail business will stay on par with a 3.7 percent to 4.2 percent growth rate. However, the NRF expects non-store sales to be anywhere from three to four times that rate of growth. However, even though brick-and-mortar sales still comprise the majority of consumer's spending, it's only expected to grow at roughly 2.8%. Clearly, what's driving much of our present ecommerce growth is the smartphone market.
If clients need to visit you, is your home business easy to find? How will you cater for clients with disabilities? If you live in a busy street, you may have to provide off-street parking at your home - contact your local council for more information. If you don't have the space to meet with clients, you could use coffee shops, libraries or even rented meeting rooms.
A popular tactic to make money on social media is to pay for advertising affiliate products. Create ads for particular affiliate products that are big sellers and have a high yield. Then target these ads at specific custom audiences to ensure your ads are viewed by those who will have an interest in the product you are promoting. If viewers click through your from advert to the product page and make a purchase then you will earn an affiliate fee.
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? My friend, Mark Jackson did just that, making extra money online with his travel consulting side business. Start with word of mouth recommendations from friends who know they can count on you for the cheapest flights, and then move on and create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals. Eventually you could spin this into a full-time consultancy teaching people how to make their dream trip a reality.
Creating a video series and selling it as a digital download on your blog, much like an eBook, can be another great seller. A video course, teaching viewers a specific skill or how to achieve a particular activity, may well resonate with your audience. If you are going to go down this route then your videos need to be as professional as possible so you should consider investing in some video and lighting equipment, as well as editing software.
Creating space for banner ads on your website is another way to generate a revenue from adverts. However, for this type of advertising, you will need to contact businesses directly and ask them if they would like to advertise on your website. The upside is that you can charge a set amount, or even a recurring monthly fee, to business to promote their services on your site. Using a WordPress plugin like AdSanity is an effective way to manage this type of advertising.
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.
Fiverr is a great place for first-time freelancers who might not have tons of experience and want to build up a portfolio of their work. You'll be able to complete simple tasks ranging from logo design, to creating animations, or even drawing a company logo on your forehead. While this side business idea likely won't be growing into a million dollar startup for you, it can still be a platform for funding your next big business idea. Want to learn more about Fiverr's history and how to get the most out of selling on the platform? Listen to my interview with Fiverr CEO Micha Kaufman.
The Australian Bureau of Statistics Household use of Information Technology report states that approximately 61 percent of Australian internet users, or 9.7 million people, had purchased a good or service online in the past three months. E-commerce can allow your business to grow its customer base by tapping into this market, and by giving you access to national and even international audiences. It can also provide a more convenient experience for your customers, with the ability for them to purchase your products or services at a time suitable for them.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you're leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
If you don’t have your own sites or don’t want to sell links on your own sites, then you can make money by selling links on other people’s sites. Basically, you can find a network of site owners that are happy to add links to their site for a certain price and then you need to find people who are happy to buy links for a price that is high enough that you make enough profit for it to be worthwhile.