Thinking About Starting a Side Business? If So, Here are Some Ideas

Why would anyone want more than one job? Simple. To make a little bit of extra money. many people have a side business, ranging from working on freelance projects to driving for ride-sharing companies during the weekends.

If you’re underwhelmed and under-financed by your work, but you’re willing to put in the extra effort, you should go at it. Consider one or more of the side business ideas we’ve listed here.

1. Make Money as A Transcriptionist

Transcription services play an important part in every industry, whether medical, legal, or automotive. Companies, corporations, NGOs, and government agencies can maintain accurate records, enhance training, comply with regulations, and develop new products/services.

Transcription is in-demand all over the world. With the right tools, you can do it at your kitchen table when you get back home from work. If you’re a good listener and can type fast, you can make a decent income as a transcriptionist.

When transcription is your side job, you can set the hourly rates. The more work you do, the more you’ll get paid. Once you’ve chosen a specialism and prepared your online presence, start looking for gigs. Update your LinkedIn profile and let people know you’re offering transcription services.

You can have a LinkedIn downloader to see how others are doing their work as a reference. Some friendly advice, don’t spam your contact list. To work as a transcriptionist, you’ll need a computer that’s not too old, a reliable Internet connection, and a set of headphones. Some companies will require you to work on their software.

2. Become A Virtual Assistant

Many organizations use the services of virtual assistants instead of in-house employees. Why? Because they want to save money and access top talent. As a virtual assistant, you’ll be in charge of scheduling appointments, handling phone calls, managing social media accounts, and so forth. Being a VA is a lucrative home business. The pay range varies based on your experience and your client.

Showcase your skills and expertise so that you’ll earn handsomely. To succeed, you’ll need to be detail-oriented and be willing to learn complex tasks immediately. Keep distractions to a minimum. Find a quiet place to talk on the phone when dealing with a client.

3. Trade Forex

You’ll do good in Forex trading if you’re interested. FX is the same as any other job. You can trade various currency pairs to make a profit. To overcome the handicap of limited time to execute and manage trades, you can use a Forex trading robot.

There’s no waiting time for the opening bell. More exactly, the foreign exchange market is open 24 hours a day, which is awesome news for someone looking forward to trading on a part-time basis.

In FX trading, a small deposit can sway a large part of the total contract value. With only $50, you can buy or sell $2,500 worth of currencies. Leverage amplifies the returns from favorable movements in exchange rates.

Liquid markets, such as Forex, have particularly high leverage rations. The best Forex brokers with high leverage are regulated with a reputable authority. They generally offer 1:30 leverage on Forex. Professional clients can trade with leverage up to 1:500, but they have to meet tough requirements.

4. Deliver Meals for Services Like Uber Eats

If you enjoy spending time behind the wheel, why don’t you deliver food? You can become an Uber Eats driver. Use your own car or another means of transportation (motorbike, bicycle, etc.). All you have to do to become an Uber Eats driver is to download the app on your phone and start working.

You’ll get paid based on the travel distance, if you deliver food to the customer successfully, not to say that you get a flat fee when you pick up an order from the restaurant. Driving for Uber Eats is one of the easiest businesses you can start.

It’s forecasted that the food delivery business will reach $200 billion by 2025. That’s a lot of money. The growing number of restaurants and local eateries have partnered with the likes of Uber Eats. You don’t need a degree or special skills to deliver meals. If you’re outside the U.S., don’t worry. Look around you.

If you want to increase your hourly income, get more tips. Put yourself in the customer’s shoes. Try to address their needs before they add them to the delivery. It’s recommended to test the customer through the app to let them know you’re on your way.

5. Start A Neighborhood Dog Walking/Pet Sitting Business

More than half of people around the world have a dog or a cat. From being a mere distraction, pets have become integral parts of our families. Working from home has made many people want pets. These furry creatures all need care, whether it’s an occasional walk or feeding. This is where you come in. Start a neighborhood dog walking or pet sitting business.

You’ll get to meet lots of canine and feline chums. Most importantly, you have the independence to set your own rates. Specify what days you’re available and set down your rules. Place business cards at the local pet store to spread the word about your services.

6. Become A Fitness Instructor

Many people become fitness instructors because they have a passion for working out. Being a personal trainer gives you easy access to workout facilities and the ability to focus on your current job. You may need to complete some formal training before launching your business. But when you do, you can bring in extra money. You can train people in person, online, or in your home.

Do your homework and find a way to differentiate yourself from the competition. Profitable and rewarding as this side business might be, you need to have a strong desire to make a change in the lives of others. Plus, you have to practice empathy and be a good listener.

Time management is an important skill for fitness instructors, especially those who work on a freelance basis. Create a schedule, give yourself deadlines for every task, and set weekly/monthly/yearly goals. Clients won’t care that you have another job; they want to train with someone who can offer results. So, you should be able to work around any issue that appears.