Introduction
If you’re considering starting a business, you’re in good company. Recent reports show that business formation has reached near-record levels since 2020, marking a new business boom. Whether you’re looking to launch a business from scratch or start a low-cost side business while working full-time, becoming an entrepreneur can provide income, job security, and the thrill of being your own boss.
Starting Off Right
Regardless of the business idea you choose, starting off on the right foot with a frugal business budget and a suitable bank account for entrepreneurs is crucial. Capital One Business Deals offers an opportunity to save on essential business purchases, providing pre-negotiated pricing on business essentials from partners like HP, Priority Pass, Total Wine & More, Coursera for Teams, Verizon, and FedEx.
For your business finances, consider setting up a small business banking account from NorthOne, designed specifically for small business owners and side hustlers. It offers features like mobile check deposits and cash withdrawals.
Side Business Ideas to Start Now
Here are 26 side business ideas you can start today:
1. Invest in Real Estate
Explore platforms like Roofstock for easy real estate investment, even in locations far from your hometown. DiversyFund allows investment in syndicated commercial real estate for as little as $500, while Groundfloor lets you start with just $10.
2. Become a Swing Trader
Engage in swing trading, an active trading strategy leveraging temporary price swings in equities markets. Platforms like Mindful Trader help spot securities with upside potential.
3. Become a Tutor
Offer tutoring services for subjects like math, science, reading, and languages. Sign up on platforms like Wyzant for local or online tutoring opportunities.
4. Become a Delivery Driver
Become a driver for services like UberEats, DoorDash, or Instacart. Deliver food or groceries and enjoy flexibility in working around your schedule.
5. Start a Blog
Create a blog for passive income through advertising, affiliate marketing, or selling products. Use platforms like Bluehost for easy website setup.
6. Rent Your RV
If you own an RV, consider renting it out through platforms like Outdoorsy or RVshare.
7. Walk Dogs or Pet Sit
Start a neighborhood dog-walking or pet-sitting business. Platforms like Rover.com help you connect with clients.
8. Drive for Uber or Lyft
Become a part-time rideshare driver with Uber or Lyft for flexibility and immediate earnings.
9. Become a Virtual Assistant
Provide remote administrative assistance to busy professionals and businesses as a virtual assistant. Find freelance opportunities on platforms like Upwork or Fiverr.
10. Become a Child Life Coach
Help children develop essential life skills as a child life coach. Certification programs like Kids Life Studio can guide you in this venture.
11. Sell Your Creativity
Turn your creative designs into a business by selling products on platforms like CafePress or Zazzle.
12. Start a Senior Care Business
Assist seniors with daily tasks and errands. The need for senior care is expected to grow, presenting a lucrative business opportunity.
13. Become a Freelance Writer
Explore freelance writing opportunities on platforms like Fiverr or Upwork. Quality writing can lead to a full-time income.
14. Start a Pooper Scooper Business
Offer dog waste cleanup services, a practical and in-demand business.
15. Cater Events
Explore catering services specializing in specific niches like vegan or gluten-free meals.
16. At Home Day Care
Start an at-home daycare business to help parents with childcare needs.
17. Editing and Proofreading
Offer editing and proofreading services to professionals. Platforms like Upwork can connect you with clients.
18. Sewing or Tailoring
Turn your sewing skills into a business by offering tailoring services. Consider creating online classes on platforms like Craftsy or Udemy.
19. Personal Chef
Provide personal chef services, offering healthy, home-cooked meals for busy professionals and families.
20. Egg Donor
Consider egg donation as a way to earn significant income. Ensure you meet the necessary requirements and think carefully about the physical and emotional aspects involved.
21. Landscaping and Lawn Maintenance
Start a landscaping business for individuals who enjoy outdoor work. This physically demanding job can be lucrative if priced competitively.
22. Natural House Cleaning
Offer house cleaning services using environmentally friendly cleaning products.
23. Seasonal Decorator
Provide holiday decorating services for homes and businesses.
24. Start a YouTube Channel
Start a YouTube channel on a topic you’re passionate about. High-quality equipment can increase your chances of success.
25. Sell Items on eBay
Earn extra income by selling unwanted items on eBay. Consider becoming an eBay affiliate for additional commissions.
26. Rent with Airbnb
If you have space to host travelers, consider renting out a room or your entire home on Airbnb.
Conclusion
Choose a business idea that excites you and aligns with your passions. Create a business plan, structure your business well, and consider seeking additional capital if needed. A supportive network of mentors and fellow business owners can contribute to your success as well. With persistence and dedication, your side business can flourish.