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Last Updated on March 25, 2018 by Work In My Pajamas
Starting a business can really be rewarding. Either you want to quit your day or you want to have additional income, doing business by yourself should be your go-to move. Although it sounds easy, running a business requires a lot of trial and error. Unlike being employed, there is no definite timetable in the business world. You can start it now, tomorrow, or next year depending on the situation you are in.
Aside from working in your pajamas, why don’t you get involved in diversifying your assets, and make more money than usual? If you are having a hard time finding a business that will suit you, below are some competitive business you can start now to daze a new endeavor:
- Freelance Writing
If you love writing, and writing loves you back, this one can be a great source of income for you. There are a lot of websites that offer a lot of writing jobs. There is a great demand in this industry and companies pay a good amount of money to great writers. For start-ups, you can earn as much as $2 for every 500 words and if you are doing well, your rate can increase to at least $60 and more per article. So basically, if you can write 10 articles or blog a day, that’s already equivalent of $300!
- English Teacher
There are a lot of opportunities open for individuals who speak English very well. You can search for online English tutoring jobs, or you can look for people who need their children to be mentored so they can learn English at a young age. Also, there are a lot of adults who are looking to improve their English skills so you can take advantage of it.
- Rent Out a Room in Your Home
If you have an extra unused room in your house, you can do something out of it to earn extra income. Especially if you are living in a tourist destination, you can post advertisements or if you are near schools, you can let students rent your spare room. The rate differs on how famous the school or the tourist spot near your house is.
- Babysitting
Working parents may need additional assistance to look after their small children. If you have an extra time, you can inquire about applying as a babysitter and try to work out a schedule that will both fit you. You can earn cash from around $10-$15 per hour.
- Hostel Owner
Same as above, you take advantage of a nearby destination to earn good money. You can use platforms like Airbnb to post ads and connect to people who might be needing accommodation for their travels.
- Mobile App Developer
Smart phones are now taking over our lives nowadays. There is a large market of potential customers that need to develop an app for them or for their business. If you happen to have great ideas and you know how to code as well, this one is the best fit for you. Depending on your skills, a beginner can earn $10-$20 while if you are a professional, you can charge companies for as much as $2500 per application!
- Gluten-Free Bakery
If you do not have a lot of capital but you happen to know baking, you should probably run a gluten-free bakery. It can be started without costing you that much. Of course, bigger and commercial operation can require a large sum of cash but you can just opt to buy prelove machinery online.
- A Clothing Line
All of us wear clothes, so there is a really big potential and a great market for a clothing line. You can design T-shirts and post in on your website or social media accounts. The good thing is, you do not have to spend a lot of money initially because you don’t have to print those shirts until someone actually buy them. Your pricing should depend on how many shirts your customers will buy but you can charge them at least $20 for each.
- Buying and Reselling on eBay
Technology opens a lot of doors to earn income. For instance, you can buy locally produced goods and sell them on platforms like eBay.
- Creating Custom Clothing
A lot of people are now looking for a lot of things online. You can use that to your benefit to earn through creating a custom clothing line. If you happen to have knowledge in designing and sewing gowns, clothes, or dress for special occasions, you can post your works on the internet so more people can see it.
- Drone Videographer
Drone is getting very popular these days. Playing this innovative thing is very easy to learn. If you own one, you can actually be a drone videographer. A mid-size drone and a GoPro camera will do for a beginner. With this, you can actually go to different places, meet new people, and earn extra income.
- Furniture Making
If you are a skilled carpenter and you have complete equipment with you, running a furniture shop is easy. If this is your hobby, you should definitely turn this into a small business. Moreover, other than making new furniture, you should accept repair jobs of broken furniture.
- Dog Walker, Groomer or Sitter
Many people treat their dogs as a member of the family and if they are in their day jobs, they might need someone to look after their pets. You can start that by creating simple business cards to start spreading the news. You can also visit parks to look for potential customers.
- Gardening Services
There are people who are willing to pay just to get a vegetable garden in their backyard or just to maintain their garden. There will always be the demand of this job so be sure to familiarize yourself with the vegetables that grow in your area.
- Interior Decorating
Many people are willing to hire someone to decorate their house. Whether it is a newly built house or an old one that needs renovation, your services as an interior decorator may be needed. Read magazines and blogs to be updated to what are the current housing design trends.
- Public Speaking
If you have a thing in inspiring other people and you have the guts to speak in front of a crowd, you will be surprised at the opportunities that will knock on your door. For beginners, you can earn as much as $500 per event.
- Event Coordinator
There are a lot of parties and events that many people would want someone to manage. May it is family reunions, birthday parties, weddings, or other events, you can offer your services to organize it for them.
- Giving Music Lessons
If you have patience and you are skilled in playing certain instruments, you can offer to teach some aspirants what you know. There are a lot of demands out there, especially for guitar and piano lessons. You can charge your students $50-$70 per lesson.
- Anti-Aging Spa
Most, if not all of us, want to look young even as we age. Fortunately, modern technology provides equipment that can help us to attain it. If you can afford to buy spa equipment and other technologies, you should consider starting one because the ceiling of the spa industry is high.
- Truck Rental
This one also requires a lot of capital but you can minimize it by looking for a financial institution to get a loan for your trucks. There are many potential clients in this business, like supermarkets, distributors, etc. If you are tasked to deliver something far away, you can earn more by trying to look for a back load. Rates depend on the distance and the road conditions. However, be sure that you’re complying with state regulations, and make sure they have certifications and trainings. See Master Drive Service’s Forklift Driver Training and Licenses guide here: http://www.masterdrive.co.nz/driver-training/forklifts/
- Photo Booth Company
Photobooths have fast become a must have item at weddings, engagements, corporate Christmas functions and birthday parties. A company that has taken advantage of the popularity in photobooth hire has been Wooshka Photobooths. This industry has a lot of margin to work with the average booking comes in at around $500 with the only cost associated is approximately $20 in ink/paper to complete each job. Once you own your photo booth there is plenty of profit to be made.
If you’re going to start your business, here are some guides from Work in My Pajamas on the different aspects of Starting A Business:
- Six Basics You Need To Know Before Starting A Home Business
- How To Keep A Budget Balanced
- How to Ensure that Everything is 100% Legal
What are you waiting for? The best time to start a new business is now!
