Businesses that qualify for a 7(a) loan must comply with SBA standards. If one of partners in the business – with a 20% or greater equity stake – is “incarcerated, on probation, on parole, or has been indicted for a felony or a crime of moral depravity,” the SBA won’t back the loan. Not surprisingly, the SBA also does not back loans to businesses that have previously reneged on any other government loan.
Register a domain name. Like the name of any other business, go for something short and catchy that will be easy for people to remember. Visit the website of a domain registration company and test out some of the names you’re interested in to determine whether they’re available. Once you land on a good name, go ahead and register it.
Have a talent for crafting or creating other handmade goods? From bracelets to phone cases, rings, furniture, and more, Etsy is one of the world’s largest independent marketplaces that’s perfect for anyone who is creative and willing to sell their handmade creations. As long as you have the space, this can make for one of the best home business ideas that can be started as a side hustle with a very limited investment. Consider these 5 steps to starting an Etsy store, from Handmadeology. Then, after you’re able to build your brand and grow your own audience, you can start an eCommerce site of your own and retain a larger portion of the revenue from your product sales—making this a very lucrative potential business idea if you’re able to find an audience that loves your products.
Are you a celeb gawker? Assist small business owners with their PR campaigns by getting their products into the hands of celebrities. Campaigns will consist of working with small business owners, coordinating gifting opportunities (award shows, baby showers, births, weddings) and then scoping the various media outlets for sightings of the stars with your client’s product.
Have you cracked the code for landing higher paying jobs at the drop of a hat? If you have a knack for helping your friends or co-workers navigate the process of finding their dream job, nailing an interview, negotiating a better salary or getting a raise at their current day job, other people would be willing to pay for your help too—making this a great side business idea that doesn’t take too much time. Get started by sharing your advice on a personal blog and becoming a career coach on platforms like The Muse and Coach Me where there’s already an existing audience of people looking to make a move in their careers. From there, keep your focus on helping people get real results, building case studies to support this side business idea, and eventually charging for the results you’re delivering clients.
Some of the best business you can start with no money is a service business. You can start a service business with practically no money. Instead of money what you need is the ability to knock on doors and make sales. Even if you ultimately want a product business, owning a service business can help you get there. Use the service business to finance your dream business.
Though this is basically the same as above, it does deserve its own description. Finding someone to regularly watch children during off-hours, like second shift, weekends, or very early mornings, can be extremely difficult for parents. Offering care during off-peak hours means that you can command a higher fee.
When you don’t have money to start your business, it’s essential you find the right people who can help. You may attend events and trade shows where you can find potential investors. You may also join various online forums on social networking sites where you can find useful tips and resources to bring your business to life.
College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you’re well-versed on the subject.
Similar to selling on Amazon, eBay is a place to make money selling just about anything you can think of as a side business idea, with the added excitement of using the auction selling model to sometimes get way more than you expected for that antique baseball card you picked up at a local street fair. To turn your eBay selling into a legitimate business idea, look for opportunities where you can buy in-demand products at a discount—and later sell them for a profit. Eventually, you can even take the lessons learned from your eBay store and build a full on blog or eCommerce business like what the team over at Gear Hungry has done.
The old saying about one person’s trash being another person’s treasure is the mantra of the antiques refurbishing business. This is a great opportunity to turn a hobby into a business. But don’t confuse your hobby interest and your business interest.
Publishing is dead; long live the e-reader! Now that anyone can have their work e-published, it is possible for anyone to make a fortune off their writing. The biggest recent example is the 50 Shades of Grey trilogy, but there are many authors taking advantage of the ease of e-publishing. If you love to write and are willing to do your own promotion (and having a blog can really help in that case), writing an e-book is an excellent way to make money at home.
Unless you’re lucky, you likely won’t make a decent amount of money off of affiliate links. Even if you do, your click-through rates will tail off and you’ll end up wasting time dealing with advertisers.
As a personal chef, you would spend your time whipping up delicious meals for those who don’t have time to cook but do have money to burn. The best way to make a name for yourself as a personal chef is to offer meals that fit stringent dietary or allergy requirements.
I found this website homebusinessidea.com.au and they were brilliant in helping me get sorted with a home business that suits me down the ground. With so many choices out there I found their approach simple and down to earth.
Do you love garage sales and thrift stores? Are you good at finding a diamond in the rough? Then take mildly used and unwanted goods and make some additional money by flipping them and selling them online. Don’t think you can make good money doing this? This husband and wife team earned over $130K last year by flipping items on eBay!
Phew. That was a long post. I think I have covered pretty much everything but if I have missed anything out then please drop me an email. I get quite a few emails and don’t have enough time to reply to all of them, but I will do my best.
Take a look at what problems you’re facing right now in your life, whether it’s something that annoys you a little bit, or something that can potentially uproot your entire day. See if you can find a solution to that problem, if you’re experiencing this issue, you can be pretty sure there are others out there who are going through the same thing.
There’s bound to be at least a dozen different events going on in your city no matter where you live, and participating in these events not only gives you the opportunity to develop your network and relationships. But every event brings you one step closer to learning directly from an expert.
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.
Mobile Bartender: You will need some start-up capital to invest in purchasing your mobile bar (or you could build one) and stock. Research what licenses or certification you may need. Choose a catchy fun name for your business that is easy to remember. Advertise your services to local event planners and use social media.
If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea. Whether you’re an expert marketer, business strategist, or manufacturing aficionado, there’s likely a local business owner who’s willing to pay you to help them solve an issue with their company—if you can craft an effective cold email that convinces them to hire you. Start with this 18-step checklist to becoming a local business consultant as a side business idea, from Karyn Greenstreet. When you’re ready to get serious about becoming a consultant, check out all of my picks for the best online business courses to keep building your skills and learning how to land your first consulting clients. Personally, I think this is one of the best business ideas you can get started with today.
However, success with this company was not instant, taking up over 3 years of work with the business, he finally achieved the millionaire status. During that time he has learned many tips and tricks that he shares so that you can replicate success for yourself.
Nearly all businesses understand the importance of maintaining a social media presence, but not everyone can afford to bring in a full-time social media manager. Contract yourself out as a social media manager and spend your days tweeting, posting to Facebook, and snapping Instagram pics. If social media is your second skin, this could be a great home-based business idea for you.
If you try to do too much on your own, you put yourself and your business at risk. For example, you can come off as unprofessional if your Web site doesn’t look polished, and you could end up in legal trouble if you make tax mistakes.
Before enrolling in Harv’s Million dollar business Secrets I thought that my future was hopeless, I was failing in business and I kept on saying to myself that creating wealth in my marketplace was impossible. But fast-forward 6 months later this month alone I have done 400K in sales and profitable around 50k I Know that this couldn’t have been done with Harv’s amazing Program which has literally changed my life so I recommend you to sign up for it today. http://bit.ly/MDBSpecial
Are you the next Julia Child? Take your passion for cooking and create menus and meals for others. Personal Chefs can charge per meal or day and specialize in niche segments like vegetarian diets and gluten-free.
Succeeding on Airbnb is all about selling an experience, not just providing a room. The first key to Airbnb is making your property look great online, with high-quality pictures that make your offering stand out. Combine that with reasonable pricing and friendly customer service, and Airbnb can become a goldmine.
Great ideas. I currently work from home and love it. It beats driving 2 hours in traffic any day. I constantly have people asking me about jobs from home, so I’m going to have to pass this list along.
Mild spoiler alert: Viewers of the TV drama Orange Is the New Black might remember that the show’s main character made amends with one of her fellow prison inmates by making her a soothing lotion. Hopefully you won’t find yourself in prison, but if you find yourself wanting to start a home-based business, consider hand-making soaps and lotions yourself.
This is a great list. There are work from home companies that pay well and are legit. Find forums where people are doing it. I had two different jobs that I could work as many or as few hours as I wanted from home and they paid $14+ an hour. I need to get on the freelance stuff. Thanks for sharing.
You can rent it out as little or as much as you want and can list it to rent by the night, week, or month. They offer a $1,000,000 guarantee to protect you from any kind of property damage that was caused by renters.
There are thousands of online users who work from home and make an internet living creating YouTube videos. In fact, PewDiePie, YouTube’s most famous online celeb, makes millions a year with his wildly ridiculous videogame playthroughs.
Since I started blogging, I have seen the freelance market explode. There is a huge demand for content and so there are a lot of ways to make money writing it. Jonathan wrote a great article about a few legitimate work from home jobs – most of which were freelance writing.
You want to start out by developing a list of manufacturers. Look for those that are already making products in your target niche. One or two manufacturers is not enough. Identify at least, 25 potential manufacturers.
Yoga is getting ever more popular, which means yoga instructors are more in demand than ever—making this another physically rewarding side business idea. Link up with a local yoga studio to teach nightly classes or offer personalized yoga in-home at a higher rate to pursue this kind of emotional and physical balance with others, during your free time while helping your bank balance, too.
Very interested in receiving some honest dialog with anyone who has had success in starting a home-based business. I am now trying to support two families, in my late 40’s, and our financial future needs some drastic help. Thank you and appreciate you in advance. May God bless. Mike [email protected]
Mystery Shopping: You will be required to dine or shop at restaurants or retail outlets as an ordinary patron and then give a verbal or written report to owners or managers on customer service and food quality. Other mystery shopping opportunities are reviewing the quality of care at hospitals or reporting on the service from collection agency representatives. In addition, you may be asked to do undercover surveillance of staff (if theft is suspected). Some states view mystery shoppers as private investigators, in which case you will need a license.
The profit margins are incredibly low and don’t justify the amount of time and money you’ll have to sink into the venture — especially when considering the alternatives like online courses. Also, you’d have to maintain an entire stock of products — a full time job in itself.
Balloons: Find a unique angle such as designing and delivering balloon arrangements, a balloon decorating service or balloon themes for parties or weddings. The best marketing strategy is to demonstrate your product with a free display and lots of flyers. Find restaurants, supermarkets or other local places that will attract your potential customers.
Some claim a lot of people are interested in the idea of blogging as a business. May somebody please explain if this is a viable home based business, and how much can you realistically bring in based on an hourly rate… bottom line after all you have to put into it!?
Home Inspection: Research what training, experience and licensing you will need. Work on establishing good communication with real estate agents to get leads. Ongoing education is essential as new products are being produced continuously and safety legislation is updated regularly.
My good buddy Steve Chou from MyWifeQuitHerJob.com has created an online course that walks people step-by-step through building their own online store. His wife was able to quit her job, and together their online store produces in the six figures. If you’re interested in learning more, check out his course: Profitable Online Store.
Is sewing your passion? Help individuals with making their garments fit and look perfect. Specialize in a niche like wedding alterations or formal wear. You can use sites like Thumbtack or The Association of Sewing and Design Professionals to connect with potential customers.
Million Dollar Business Secrets teaches you the unique ways that wealthy entrepreneurs think about, structure and conduct business. Learn and apply their secrets so you can rapidly increase your business revenue, no matter what industry you’re in. Get started now…
Not only has he netted over 400 million bucks in revenue, become a millionaire in a record breaking short amount of time, and found and sold one of the largest personal success training companies in the world, but he’s helped shape the lives and business fortunes of over 1.5 million students in 36 countries around the globe.
Start a blog – I generate income several ways with my blog. You could also build your own business as a professional blogger. Click here for my step-by-step guide on how to start a blog. Once you have managed to drive traffic to your blog the sky is the limit. You can sell advertising, create your own products to sell. Get paid for sponsored posts.
Do you love to write? From blog posts and newsletters to articles and copywriters people are always looking for writers. Check with some of the major freelance sites, like Upwork, Freelancer, and Guru and see how you can offer up your writing services.
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel’s great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you’ll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
If you have a good idea for a business, but need a lot of help (both money and guidance) in getting it up and running, a business incubator could be the way to go – if you can get your business into one.
Live in a destination where travelers frequently visit? If you love meeting new people from around the world and also love the city you live in, starting your own local tour company is arguably the best business idea that will give you both of those perks. Take a unique spin on your local tour business like Erik from Vantigo. He was starting his VW van tour business in San Francisco as just a side business idea while he was still working a full-time job, and grew it to being a sustainable source of full-time income before quitting—now he’s running a multiple van tour company on the back of what originally began as a crazy side business idea.