Tuesday, December 24, 2019
If you have a knack for connecting with people and the willingness to take on some risk, a commission-based freelance sales role could be a great side business idea for you. Many startups seek part-time and commission-only salespeople, especially when they're just getting started, which means you'll often be able to make this a home based business idea. Develop your sales strategies, become an inside sales rep and perfect your cold calling skills on the side in your free time for nothing but commission, negotiate a little equity and you could profit big time if you're pitching a solid product and the startup succeeds. Start your sales education with the acclaimed books, Secrets of a Master Closer and To Sell is Human by famed bestselling author Daniel Pink and you'll be well on your way to getting this side business idea off the ground.
Then you can move on to more immersive sales education through online courses like Sales Training and Prospecting on Udemy, The Guide to Pitching and Selling Clients on CreativeLive. Once you're ready to put your selling skills to the test, check out Angel List and see if any sales position opportunities align with your interests—the last thing you want to do is get stuck selling products or services you're not interested in. However, by starting out your sales career as a side business idea, that gives you the flexibility to easily change courses if you ever need to.
If you already have a website that's driving in targeted traffic, a great way to make passive income from the content you're already creating as an easy side business idea, is through affiliate marketing. ShareASale, Rakuten, Clickbank, and Skimlinks are a few of the best affiliate networks and tools that can help you make money from the content you already produce, thus amplifying your side business idea income. Check out how I've gone from starting a blog to now making money blogging (to the tune of often more than $50,000/mo) from affiliate marketing—to get some inspiration on how you can grow a blog from side business ideas to full-time company—and follow along as I grow my own side project affiliate blog, SmartWP: WordPress Tutorials and Advice.
Have a knack for staying organized? If you're a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Flexjobs, Indeed, or Upwork. It can be an awesome way to rub shoulders with some very important people, build up your professional network, develop in-demand new skills (like creating GIFs and VR videos), grow your side business ideas and you'll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if you're hoping to travel the world while making money online as a digital nomad.
It’s not the sort of side business idea that’s covered in glory, but someone needs to make sure all the numbers add up at the end of the year. Every business and most individuals need someone with the domain expertise to help prepare tax returns, especially time or resource-strapped small business owners. Majo Jacinto in his Udemy course provides an in-depth foundational understanding of how to prepare tax returns (and stay current with ever-changing laws) that'll certify you with tax prep skills in as little as a few hours of training and practice. Then once tax season rolls around you'll be able to charge an average of $229 per return as a freelance tax preparer with these kinds of side business ideas, according to CNBC.
Teaching and tutoring English as a second language is a great way to put your skills to work into business ideas with potential to earn, not to mention opening doors for you to travel the world if you'd like. While full ESL (English as a Second Language) accreditation is recommended, as long as you’re a native speaker, there are people in countries such as Hong Kong or the UAE who are willing to pay upwards of $25/hr for you to teach them English via Skype. Indeed, Learn4Good and Remote.co often have remote english tutoring jobs posted, check back frequently. Then once you land that remote job, you'll need somewhere more professional than your dining room table to meet with students—check out this post about how to find places to work remotely and you'll officially graduate this side business idea into a full-time endeavor for yourself.
If you had a knack for standardized tests and had no trouble acing the SAT, ACT or other college exams, why not start tutoring high schoolers as a side business idea? Parents of all economic backgrounds are more than willing to shell out upwards of $100/hr to the right tutor, if it means their son or daughter will get admitted to the college or university of their choice. There are plenty of work from home jobs helping kids out with homework and turning it into profitable side business ideas that can stand the test of time.
We're all guilty of spending too much time on Facebook, Twitter, or Pinterest sometimes, so why not get paid to put your expertise to work as a side business idea? Lots of companies, especially startups or those in retail and travel—even influencers have heavy social media presences and are constantly in need of people to help build their brands online. You can find these types of opportunities on sites like Flexjobs and CareerBuilder and most employers on these websites are conditioned to working with people who operate these services as their side business idea. Over time as you grow in your ability to leverage various social channels, you can add more service offerings like running high-return Facebook Ad campaigns or hosting lucrative sweepstakes competitions for the brands you want to work with.
Build your own social following and create a personal brand for yourself like Matt Nelson, founder of WeRateDogs has done (thus growing his following to more than 2.8 Million people), and countless opportunities will come your way for turning these kinds of side business ideas into a full-time business.
If you know a thing or two about paid internet marketing and are comfortable with Google, a great way to make some extra income as a side business idea is to sign a freelance contract to manage a company’s Google Ad Campaigns, and gradually start bringing on more clients as your consulting business grows. Just be sure to brush up on all the right business slang and industry jargon that's pervasive in the online marketing world before you launch unprepared into this side business idea.
Yes, even the PowerPoint presentation requires outside consulting every now and then—especially if it's not your forte. I know I would happily outsource the visual layout of my presentation decks for work meetings, investor pitches and lectures. Tobias Schelle of 24Slides is living proof that you can turn your skills at slideshow presentation design into legit side business ideas—and potentially earn up to $20 a slide for your time and talents.
If you love to travel and find yourself randomly searching for airfare sales or browsing Lonely Planet, why not carve out a niche for yourself as a private travel agent? Build travel consulting into one of your side business ideas by starting with word of mouth recommendations from friends who know they can count on you for the cheapest flights, create a Facebook or LinkedIn group to invite people who want to stay on top of the latest deals and eventually you could spin this business idea into a full-time consultancy teaching people how to make your dream trip a reality.
Wednesday, December 18, 2019
There's no denying the popularity of pizza. Each day, 1 in 8 Americans eats pizza, reports the U.S. Department of Agriculture. Yet the pizzeria business faces a number of common restaurant challenges—managing ingredients, demand, walk-in traffic, staffing, and the like.
For those thinking of getting into the pizza business, keep it simple. Here's how others have built pizza businesses around simplicity, focus, and flexibility.
A Pizza a Day Keeps the Eaters Engaged
Since the beginning, the worker-owned Cheese Board Pizza Collective in Berkeley, Calif., has kept it simple. Using the best (mostly organic) pizza ingredients, it offers only one flavor of pizza per day—always a vegetarian selection.
The secret to the Cheese Board's success—and customers lining up outside before the doors even open—starts with quality. Incredible dough is made with organic flour, while ingredients are chosen at the very peak of production.
The benefit: How does making only one flavor of pizza (and now salad) each day translate to profits? The benefits are many:
- Economy: Purchasing massive amounts of a few ingredients means bulk pricing discounts, keeping costs down with very little waste. With no meat option, there are fewer storage and contamination issues.
- Simplicity: The line flows quickly because customers have few decisions to make. Just order the quantity and move on. Staff workflows involve little more than making, cutting, and serving or packaging the pizza to eat in the establishment or to go.
- No stress: The customer experience is relaxing for the same reason. No choice means no arguments or compromises. The only stress point is finding a seat—because it is so darn crowded.
Mobile Wood-Fired Pizzeria Catering Business
It's hard enough parking a car in San Francisco. So who knew you could drive around the city with a wood-fired oven housed inside a massive container mounted on a truck?
Del Popolo, a 20-foot mobile pizzeria housed in a glass-walled transatlantic shipping container, offers a pizza party that comes to you. Its Neopolitan-style pizza, made with local and organic ingredients, is also seen at fairs and events.
The oven-in-truck trend is a nationwide phenomenon. The owner of Chicago's The Pizza Via even trained as a pizza master in Italy. Customers can pre-order pizza via text message at public events and pick it up at Pizza Via's step-van style pizza truck.
The benefit: A mobile pizza truck adds the spice of variety and lets you travel to opportunities. Having the pizza oven inside your vehicle makes for less flexibility than a tow-hitched pizza oven, but it's pretty spectacular for the customers who hire you and those who enjoy your foods.
Pizza Dough and Ready-Made Pizza Crust Business
Would you rather be a pizza maker or more of a pizza enabler? Maybe both?
California's Vicolo Pizza began as a small local chain of San Francisco-style cornmeal crust pizzerias. Today it sells ready-made pizzas and non-GMO cornmeal crusts refrigerated and frozen for the home pizza chef. You'll find them at farmers' markets and retailers ranging from supermarkets to Costco.
Lamonica's Pizza Dough started its pizza dough business in the early 1960s, making the dough in Los Angeles and New York to supply food service establishments nationwide. Tarrytown, N.Y-based Birrittella's pizza dough is available in supermarkets and is shipped nationwide.
The benefit: A business focused on manufacturing dough takes the complexity out of complete pizza manufacturing and allows a focus on what they do best.
Mobile Pizza Ovens for Pop-Ups and Farmers Markets
Mobile wood-fired pizza ovens made of brick and mortar pull into slots at farmers markets and pop-up events across the country.
You can find plans online to build your own wood-fired oven, along with bricks and insulating materials. For the not-so-handy person, plenty of ready-made ovens are available. Companies like Chicago Brick Oven can build one for you.
For multi-day events, you can even build a temporary wood-fired brick oven that you disassemble after the event.
The benefit: You can tow your mobile pizzeria to wherever demand exists, at parties or events of all sorts.
What Pizza Business Would You Love?
Let this glimpse at a few innovative pizza business ideas serve as your inspiration. Where there's a pizza-related idea, there's probably a business—from certified gluten-free pizzerias to bakers using pizza dough for desserts.
Wednesday, December 11, 2019
One of the most high-profile real estate business ideas, property flipping has been popularized by addictive TV programs over the last several years. Property flipping involves buying a distressed home, repairing and modernizing it and then selling it for a profit, usually to a retail buyer.
While flipping a house doesn’t offer the continuing cash flow of rental income, it can create large, one-time profits on individual properties.
Many general contractors will buy and flip one or two homes a year for extra money on the side. On the other end of the spectrum, there are real estate investors who specialize almost exclusively in flipping. Like rentals, a property flipping business can be run from your home if you choose.
One of the key factors to consider if you are focusing on property flipping is carrying costs. In order to keep your flip profitable, you need to minimize the amount of time you hold the property.
This is why it is vital to consider the efficiency and availability of your repair or improvement construction crew as well as the state of the market to reduce “days on market” (DOM) once you list the completed property for sale.
Another way to increase profitability on flips is to carefully control costs. Ensure that the improvements you choose will truly pay off at closing. Avoid costly design extras that look good but don’t add to the bottom line. Remember, you are not designing a house for yourself; you’re designing a house for local buyers in a specific market at a particular price point.
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