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Posted 21 May 2020
By Junior Dennis
Some people know that they need to start a business, but they do not know how they can start one or what kind of business to start. This is limiting, considering the fact that business on itself is tough and you need to start one as soon as possible. Everyday business keeps getting competitive, some people quit, while some people enter the field.
Knowing what kind of business that makes money, can give you an edge. This can enable you to know the amount of money you can invest and the profit to expect. Even though you cannot determine the outcome of a business plan from the beginning, having a heads-up is very vital.
We have put together a list of business ideas that you can choose from. These are opinions and you should talk to your financial advisor before you embark on one.
If you have skills in any of these and you believe that you can take a business to the next level, then you are ready.
1. Become An Influencer
Becoming an influencer is a journey per se, you have to be willing to stand out from the crowd of many content publishers in order to attract partnerships from brands. There are many channels where you can showcase your talent or passion and have companies pay you to promote their brands. If you love what you are doing and you also believe in the process, then companies will come to you. Some of the channels where you can join and start putting out content are:
Having a following is necessary, this is usually what brands look to see, before they can consider you as an influencer. If you already have a following and you are looking for brands that can pay you to promote their products or services, you can join these websites:
2. Teaching Online
There are many ways you can get paid online as a teacher. It could be teaching English on websites like VIPKID, Lingoda, Magic Ears. These websites pay per hour and you can expect to get paid $10 - $25 per hour and you can teach in your own spare time. This is good for people who have more that one source of income.
As a teacher you can get paid for creating courses that can be sold on sites like Teachable, Udemy. These courses are usually in video format and you can just make videos of yourself teaching what you are good at and when you put those videos together you can turn them into a course and sell them.
3. Taking Pictures
You do not necessarily need to be a professional photographer or learn how to take pictures in order for you to make money. There are sites like Shutterstock, Alamy, Photoshelter, that will host the pictures that you upload in order to be sold.
People are always looking for new pictures that they can use in their commercials or websites, this is when you come in. They are willing to pay for your pictures. You do not know what pictures will sell, so whenever you come across something that catches your eyes, you can take a picture of that and upload it.
4. Create Websites
You may think that since creating websites are very easy and nobody will pay for that service, you might be wrong. Some people may know how to make and design a website, but they might not have the time to do it. This leaves room for you to make money, because you can either charge them a fixed or hourly rate.
There are websites that you can list making a website as a service on. Through them, you can get paid whenever someone requests for your services, those websites are sites like Upwork, Fiverr. With these websites you can chat with the client before you proceed. You will get full information on what the client wants to be done and how the website should look.
5. Manage Properties
There are people that have many rental properties, they probably need your help. Usually these kinds of people need help in collecting rents, maintaining properties, making sure that those guys come to cut the grass, taking calls which is usually emergency calls, and many more.
You can make this, one of your side business. You can negotiate with the property owner on what days you will be available and how many hours you can work in a week. Some property owners may like this idea, because they really need some helping hands and if you are ready to do this they might accept to work with you.
6. Rent Out Your Car
I know that some people might not like to rent out their cars, until they see how much they can make. With this car-sharing website Turo, you can expect to make an extra $500 a month depending on your car and how many times you share it within the month. This is good for people who do not use their car that much, they can share it with people and get paid.
Turo is a car-sharing platform where people can come and book cars that are available in a location close to them. There are people who might need to book your car in your location, so if you want your car to get booked, you can sign up.
7. Become A Blogger
Before starting up a blog, you need to know what kind of niche that it would be about. There are many things to write about and choosing a niche helps you know how to get content for the blog.
There are sites like Textbroker and iWriter, where you can get writers to write about a topic related to your niche blog.
Having a content plan is one thing, another thing is to know what platform you can host your blog. If you are just starting out your blog and you are on a low budget, you can choose between Wordpress and Bluehost.
Monetizing your blog is another step to building a profitable blog. This is needed so that you can have money to reinvest into the blog. As a blogger there are many things you can do to make money when your blog has started getting many visitors, some of those things are:
Most blogs you see online have ads on them and they make a good percentage of their earnings from them. Becoming an affiliate is good, especially when you want to increase the income of a blog, you can join sites like Maxbounty, ShareAsale, and Cpagrip. If you want to research on what affiliate network will be suitable for your blog, then you can use Offervault.
Selling products to your visitors can bring in a good amount of money. A very good way you can achieve this is to have an email list. There are many software companies you can work with to be able to capture leads, some of them are Aweber, Mailchimp, ConvertKit. When you join these websites you can create forms and add them to your blog, so that your users can subscribe to learn more about your services. When your email list has grown, you can choose to create a course and sell it to them.
8. Sell Domain Names
Who knew that there was money in selling domain names. Oh yes, according to Furtunly, a domain name called Business.com, sold for $345 million. Some of the domain names that usually sell for thousands of dollars are one-word domains, domains under four letters or numbers, and two-word domains in some cases. Even though that most of these domains are taking, there are ways to buy and sell them.
Godaddy has an auction site where you can buy and sell domains. When you get on the auction site you will see people who have already listed their domains for sale. This will help you to know what kind of domains that can sell easily on the platform. Do note that, you can lose money buying and selling domains, due to demand and may be wrong buying.
9. Fixing And Selling Phones
If you are handy and you know how to fix broken phones, then you can make money. iPhone's are one of the most expensive phones out there, the price of a brand new iPhone drops once it’s broken, this is where you come in. There are sites like PhonePartsUSA, where you can buy phone parts, which you can use to fix a broken phone.
Once you have fixed a phone, you can sell it on sites like OfferUp, eBay, Letgo, for profit. Before you buy a broken phone, make sure that you have researched to see how much the used phone could sell for and how much it would cost you to fix. This will help to make sure that you will always profit.
10. Become A Fitness Trainer
If you love fitness and you look fit, you can get paid to train people. There are websites like Thumbtack and FitnessTrainer, where you can offer to coach people. This is virtual, you will get on a live call with clients and once the session is over you will get paid.
With these websites you can accept bookings from clients. Clients can choose to meet with you virtually whenever they choose. You also have the chance to accept bookings or choose not to. This is good for those who would like to make extra income from home.
11. Become A Translator
Now we can see that learning a new language is not a waste of time. If you can speak or write fluently in a foreign language you can make money with this business idea. According to gengo, an online platform for freelance translators, you can make $417 a month with them.
There are are some other sites that you can join so that you can start earning as a translator, they are Flexjobs and Speakt.
12. Start An Ad Agency
So many business owners are busy people, in fact, most of them don’t, know how to advertise their businesses online. Even if you do not know how to run an ad agency you can always learn how to do so from sites like Udemy and Teachable, Once you have taken courses and learnt from the best guys in the field, you would need to test and develop skills in marketing. The best thing to do is to find a product that you will start selling.
If you can take a product and scale it to profitability and you can do this with any products that come your way, then you are ready to start your agency. Even though you can start an agency without prior experience, but it is best to get some experience. It could be having experience in Facebook ads or Google Ad.
Most at times business owners need help in marketing their social media account, in order to brand or create awareness. Having prior knowledge of this, can help in retaining any client you get. You can tell the client how much you are willing to accept every month.
13. Sell Books
One good thing about selling books is that the book must not be written by you. The common way some people do this is that they go to some garage sales and buy some books that they can find then they sell it on eBay. This is a good business idea, especially if you live in neighborhoods that are always having garage sales.
Some people walk into some thrift stores and find books that they can sell for more. If you want to get into this business idea, then you have to be on the lookout especially in price compare, you have to check on Amazon or eBay, to see how many books are selling for to justify a buy.
14. Sell From A Van
Even though that you would need a little bit of capital in order to get this off the ground. If you think of the cost of renting a store and the paperwork that comes with it, you would probably justify selling from a Van. There are places you can find affordable Vans that are still in good condition, they are Cargurus and iSeeCars.
There are many things you can sell from a Van. You could sell clothes, Food, Cakes, Coffee. One of the things that differentiates a person selling from a Van and a person selling from a store is that the Van owner goes to the customer, while the customers come to the store owner.
As a person running a business from a Van, finding a good spot is very vital to the success of your business. Maybe due to some parking restrictions or regulations, they might not want you in some areas, but you can always get permission from property owners and usually they might want a cut from your sales.
15. Get Paid To Clean
Okay sounds nasty, but this business idea can put some money in your pocket. If you have spare time, depending on your location you can get paid up to $20 per hour. There are companies that need help in cleaning, and you can find them on sites like Indeed and SimplyHired, you can find local stores or companies that want to hire you.
These companies are often hiring because everyday people quit and they always need someone to fill in that position. If you get hired and you do not like that position you can always look for another.
16. Car Detailing
This is one of the business ideas you should probably look into if you know how to take care of cars. In this business, you can charge people up to $100 per car, even though that there is already competition in this business which could bring the price down, you can still stand out.
People love their cars and they want to feel comfortable driving. Most people like glittering things, so if you do a good job they will recommend you to there friends.
At first when you start this business, it could look like there are no customers coming, this is when you can make use of platforms like Groupon and Angieslist. On these sites you can promote your services to local visitors and when you start making more money you can join other platforms to advertise.
17. Become A Model
I know you may think that you need to be a popular model in order to make money, but the fact is that you really don’t need to be popular. There are many ways a model can make money, which are:
It is true that at first you may need to work with some modeling agencies so that you can be displayed to an audience,. There are some websites you can find modeling agencies to apply, those websites are Models.com and Modelscouts. This agencies will put you in front of where the action is happening. Clients may need some models in a modeling show and when the agency gets paid they may give you a cut.
18. Flip Websites
You can start a blog today just to sell it tomorrow. Flipping websites have been around for many years. Many websites that have sold for millions of dollars where started so that they can build it and sell it at a very high price.
There is a website called Flippa, where you can buy websites and sell them as well. Some websites on this platform have been sold for millions of dollars. People come on this platform, to look for websites they can flip for a month or two or even a year and sell them on the same platform for more money.
19. Put Ads On Your Car
Companies spend billions of dollars on ads every year and some people have figured out how you can get paid when you allow ads on your car. These ads are from companies like Stickerride.com, Wrapify, and Carvertise, which are usually placed neatly on the car and you can earn as you drive.
Uber and Lyft drivers can work with companies like Vugo and Octopus, These companies strictly would like to work with people that drive for many miles in a day.
20. Fix Cars
You necessary don’t need to be a mechanic in order to make money, although you can make a lot more as one, but if you can change tires, oil, or know how to tint windows then you are good to go.
Sometimes people might need help with some of these services. These are usually elderly people, who may need your services. You can advertise your services on Craiglist, so that whenever people need your, help they can give you a call.