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Realistic Side Business Ideas
Posted on 6/25/18 at 10:56 am
Posted on 6/25/18 at 10:56 am
What would you all say are some realistic side business ideas that can generate a decent amount of income without requiring someone to quit their current job?
I’ve always thought that if you had 2 things there are opportunities out there to do this:
1) moderate cash for Equipment/Marketing
And more importantly & harder to find
2) at least 1 trustworthy employee (potentially with a profit sharing arrangement)
-Lawn Services/Landscaping- very saturated market but still seems to have great margins
-Carpet Cleaning Service/Pressure washing
***Forgot to add the ice dispensing machines. I’m sure it would be a huge perk if you owned some land on a frontage road though. Probably need several of these to be worthwhile though.
I’ve always thought that if you had 2 things there are opportunities out there to do this:
1) moderate cash for Equipment/Marketing
And more importantly & harder to find
2) at least 1 trustworthy employee (potentially with a profit sharing arrangement)
-Lawn Services/Landscaping- very saturated market but still seems to have great margins
-Carpet Cleaning Service/Pressure washing
***Forgot to add the ice dispensing machines. I’m sure it would be a huge perk if you owned some land on a frontage road though. Probably need several of these to be worthwhile though.
This post was edited on 6/25/18 at 12:19 pm
21
Posted on 6/25/18 at 11:15 am to cajuntiger26
quote:
-Lawn Services/Landscaping- very saturated market but still seems to have great margins
Your problem here is more complex than just competition. This is a much more time consuming "side" business than you might be thinking. Nobody wants you around on weekends, they want it done during the week while they're at work. Which is also when you have to be at your current job. Having a full time employee handle it all for you, reliably and honestly, is going to cost you about 99% of your profits.
quote:
Pressure washing
This is a good one, but pressure washers are so cheap these days, the chronic pressure washers of our population have already bought their own from harbor freight. You'll need to find some corporate customers, and getting your foot in the door with those people is more time consuming than the actual work.
Posted on 6/25/18 at 11:17 am to cajuntiger26
quote:
ideas that can generate a decent amount of income without requiring someone to quit their current job?
You could devote that additional time, headache, and expense to getting some industry certifications in your current field that will likely pay out more than the side business would.
Posted on 6/25/18 at 11:22 am to cajuntiger26
I know two people who flip cars and make decent side money. But they are car experts, I don't know if common schmucks like ourselves could pull it off.
Posted on 6/25/18 at 11:23 am to deeprig9
quote:
You could devote that additional time, headache, and expense to getting some industry certifications in your current field that will likely pay out more than the side business would.
This. Unless you have plans to change your career, the best thing is to do small things like drive for Uber and focus on your career. If you work a normal 8-5ish job you will have a hard time hustling doing manual side work. If you work shift work or offshore or something that's a little different.
Another good way is to buy foreclosures to live in, fix them up, and sell them. Then move up every 2-3 years or so. Be patient with it, but it can really pay off. Its tax free income for the most part.
Posted on 6/25/18 at 11:43 am to cajuntiger26
If somebody hasn’t bought the Sign Gypsies territory in your area, I always thought that would be a good one. Very low overhead, no royalties due (per their website) and if you could keep 3-4 places/week booked, that’s probably close to an extra $1,000/month.
Posted on 6/25/18 at 2:15 pm to cajuntiger26
Can you strum a few chords on a guitar?
You can charge around $55/hour to give lessons at your house. You’d be surprised how shitty most local guitar teachers are.
You can charge around $55/hour to give lessons at your house. You’d be surprised how shitty most local guitar teachers are.
Posted on 6/25/18 at 3:17 pm to LSUGUMBO
quote:Any idea how much does it cost to purchase the territory?
If somebody hasn’t bought the Sign Gypsies territory in your area, I always thought that would be a good one. Very low overhead, no royalties due (per their website) and if you could keep 3-4 places/week booked, that’s probably close to an extra $1,000/month.
Posted on 6/25/18 at 3:21 pm to baldona
quote:
Another good way is to buy foreclosures to live in, fix them up, and sell them.
Pray that the housing market turns to shite because you could be stuck in that house for a long, long time. I guess that patient part is a big part of his gamble.
Posted on 6/25/18 at 3:23 pm to cajuntiger26
Buy some trailers and rent them.
Posted on 6/25/18 at 3:36 pm to cajuntiger26
I sell stuff on ebay, mostly collectible toys and pop culture items. I do about 3000 a month in sales, and spend about 5 hours a week doing it. Hardest thing is sourcing inventory.
Posted on 6/25/18 at 3:44 pm to cajuntiger26
I’ve heard nothing positive from people in the ice machine biz.
Posted on 6/25/18 at 8:50 pm to cajuntiger26
Snowball stand makes a killer cash business.
Posted on 6/25/18 at 9:41 pm to cajuntiger26
I've always thought a small scale manufacturing company of some type if you're creative.
Posted on 6/25/18 at 10:14 pm to cajuntiger26
What is your 9-5?
Are you an expert in anything?
I just opened a digital marketing/social media agency. I taught myself how to do it while running my insurance agency, and you wouldn't believe how many people are getting ripped off paying for such services.
So, I took on four clients, hired some 1099 employees, and all my "employees" are on their own/commissioned based.
Cost $2,000 to start up, and it costs around $700/year to run. But, it's been up and running for two months, and I am already in the black.
I work about six hours/week on it. Super simple.
Are you an expert in anything?
I just opened a digital marketing/social media agency. I taught myself how to do it while running my insurance agency, and you wouldn't believe how many people are getting ripped off paying for such services.
So, I took on four clients, hired some 1099 employees, and all my "employees" are on their own/commissioned based.
Cost $2,000 to start up, and it costs around $700/year to run. But, it's been up and running for two months, and I am already in the black.
I work about six hours/week on it. Super simple.
Posted on 6/25/18 at 10:22 pm to NOSHAU
I don’t, but I did see on their website that the fee looks like the only cost aside from the actual letters- no royalties to pay, which is huge.
Posted on 6/25/18 at 11:59 pm to cajuntiger26
What is a decent amount of income per month in your estimation?
Posted on 6/26/18 at 6:28 am to BlackAdam
Do you just go antiquing/thrifting looking for things in particular or what?
Posted on 6/26/18 at 7:54 am to cajuntiger26
Ticket reseller for concerts and sporting events.
Posted on 6/26/18 at 8:45 am to cajuntiger26
I'd be very interested to discuss side businesses that could be started if only you took the time to develop a skill/invest in yourself.
For example:
Take 6 months/year and learn AutoCAD or chief Architect - Start doing House plans.
or
Become a digital marketer.
or
Become a web developer.
Just a couple of examples that don't require a degree or formal education, but more of a skill.
My old company has a Lynda.com account that I still have the credentials for. There are tons of courses on a wide variety of software that if you became proficient in, could generate you some serious side cash.
ETA: What skills should be easily developable that can turn into a side business (CAD, Photography, etc. etc.)
For example:
Take 6 months/year and learn AutoCAD or chief Architect - Start doing House plans.
or
Become a digital marketer.
or
Become a web developer.
Just a couple of examples that don't require a degree or formal education, but more of a skill.
My old company has a Lynda.com account that I still have the credentials for. There are tons of courses on a wide variety of software that if you became proficient in, could generate you some serious side cash.
ETA: What skills should be easily developable that can turn into a side business (CAD, Photography, etc. etc.)
This post was edited on 6/26/18 at 8:47 am
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