The majority of people do not have the luxury of ditching their day job and starting an independent business endeavor. Still, finding the right side business idea can set you on your way to becoming your own boss and being fully self-employed.
Of course, this course of action is at first much harder than just holding onto your 9-5 job. It demands sacrifice and the lifestyle benefits do not kick in right away.
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But, with a sound business idea, you could make much more money than just doing the regular daily grind. Making the call is not easy, but a good place to start is to buckle up and assess your skills, ambitions, competencies, interests, and passions.
1. Online Retail
This one is a great home-based business idea that is attracting an increasing number of entrepreneurial spirits. The field of eCommerce is booming at an unprecedented rate as more and more people embrace online shopping. So, if you have time to hit locale garage sales, thrift shops, and flea markets during the weekend, you can acquire loads of merchandise for a meager price.
Then, you resell it via Amazon, eBay, and other major marketplaces. Of course, to go an extra mile, you could launch your own eCommerce store. If you choose to go down this road, be prepared to commit more time and energy. Also, make sure to do a market research and validate your idea.
2. Virtual assistant
Working as a virtual assistant is an alluring proposition for those who are jacks-of-all-trades, highly-disciplined, and well-organized. In a nutshell, this position requires you to provide various support services from a remote location. The responsibilities encompass everything from writing and simple administrative tasks to managing big social media campaigns.
The good news is that freelancing hubs like Upwork are teeming with virtual assistant gigs. On top of earning decent money, you are able to rub shoulders with reputable and important business people, creating a valuable network. Finally, you can use this side career as a testing ground for your own entrepreneurial plans and visions.
Today, blogging is much more than a glorified hobby of the idle. It is a viable and lucrative business, provided that you know what you are doing. The first thing to do is to figure out what to blog about. It goes without saying that it must be a niche you know backward and forward.
Next, you have to hone your writing skills, pick a platform for building your blog, and start producing a steady stream of posts. There are various monetization tactics you can employ, including affiliate marketing, sponsored posts, ads, etc. Ultimately, you have a chance not only to earn a nice revenue but also establish a reputation of an expert, a go-to source in your niche.
How about something that gets you away from the computer? Do you want to breathe some fresh air and unwind while earning cash? Look no further than dog walking. Many people working busy schedules are looking for individuals willing to take care of and walk their pets.
This is a true blessing for side hustlers that seek to combine pet companionship with walking around. You can become more active and enjoy a variety of health benefits while obtaining a nice source of income. There are various online dog walking communities and services that connect you with clients. Alternatively, if you are looking for something less physically demanding, you can go for pet-sitting gigs.
5. Offer online courses
Last but not least, consider taking advantage of your educational background as well as knowledge, skills, and expertise. Join the ranks of those who trade their time online and enable students across the globe to learn the ropes.
To pull it off, obtain some know-how about creating awesome online courses with the help of resources such as Udemy or find a company who is hiring. There are also amazing online platforms like Teachable that are used for creating, selling and hosting courses.
Rest assured that the profit is real: it is possible to earn $90,000 annually from teaching online, but you can work at your own pace and proceed gradually.
Profit and happiness on your side
Side work does not fall magically in your lap. There are some risks involved, but it is up to you to make it happen. Therefore, if you mean business, get out there and muster your enthusiasm, perseverance, and dedication. Find your profitable, niche business idea and test the waters before diving in.
A side hustle could allow you to tap into extra profit and achieve lifestyle flexibility. Once you start generating profit before quitting the day job, you are in a commanding position. From there, you can begin to scale your business idea, discover your strengths as an entrepreneur, and escape the tedious 9-5 loop. The ball is in your court.