Many dream of quitting their day job to turn to something more lucrative and exciting. Being in corporate for some time myself, I’ve always envied those that started a side business that turned into their full time business. I’ve done my research and found 15 most profitable small businesses that are not too expensive to start on your own, but can also help you take the next step towards financial independence this year. The trick to success with any business is adjusting to hiccups, perfecting your product, and catering towards your clients. Of course, you’d need to be passionate about any new business endeavor as people won’t come knocking on your door. You need to actively pursue new business through networking in your community, networking in different online communities like LinkedIn, Craigslist, and more, and setting your target audience in your business plan. Along with that, you’d need to price your services to make sure you are not losing money if possible.
Here are 15 new small business ideas to help you build your nest:
1. Music Lessons Online or In Person
Have a knack for playing the guitar? Love jamming out and teaching others? Are you musically gifted and ready to share your talents with the world? Music lessons may be your new small business endeavor! There are many parents looking for after school activities to keep their children learning, and there are also adults looking for a new hobby to explore. Depending on how experienced you are you could start at $30 per session as a novice, and up to $150 per session as an expert rock star. Playing music is a great hobby to get into and is similar to learning a language. You need to practice often and once learned is something you can pick up, similar to riding a bicycle.
2. Catering Services & Personal Chef
Do others complement you on your homemade guacamole or love your cupcakes? If you’ve answered yes, then Catering Services may be for you! Many event halls, public and private schools, friends and family, may be looking for someone to cater their next event. Starting a simple social account on Facebook, Instagram, Twitter, LinkedIn or others can help kick start your business plan for you. You could simply start cooking and take pictures of your creations to then post online to share with the world. You can then think about how you’d charge for your services, don’t forget food costs, prep costs, delivery costs, hosting costs and more. You’d be surprised with how many people do not want to cook these days, as it is time they can spend furthering their own careers.
3. Instagram Influencer
First, define what you’d like to become. Are you a mom of twins? Are you a chef? Are you a top salesperson? Maybe this is your big shot to get some sponsorships from local and national companies looking for some new business marketing ideas. There are some many different niches you could choose from including gaming, fitness, cooking, traveling, being a mom, or being a successful business person. Many companies look to followers in the space that listen and engage with their influencers, and if you have loyal followers they will also invest in the sponsored recommendations you make!
4. Personal Trainer
Everyone is looking to look their best these days, as your appearance dictates your success in the corporate and personal world. It also helps you stay confident and happy. Why not become a personal trainer and make money off of your daily workout routine? You can post flyers in your neighborhood or knock on doors to introduce yourself to see if anyone is interested in starting over this year and finding their best self. Most fitness routines are best complimented with a solid food and eating plan as well, so if you can help support others in your fitness journey others with be grateful for your support.
5. Freelance Graphic Designer
Make your own hours, charge your own billings, choose the clients you work with, sounds like a dream job right? It is! If you are creative designer that has the ability to create logos, sell sheets, and great ideas for new desing projects then this is the new small business for you!
6. Translator
If you are fluent in a few languages, this is the right new business for you! Many parents, teachers, and business men and women are looking to have basic conversational languagfe skills to help them suceedded in tbusiness and ife. You can reacch out to your local community to see if anyone wants to learn new languages that you can teach them!
7. Landscape Designer
Enjoy gardening and unearthing a new business? Landscape design may be for you! The grass IS greener on the other side. Seriously though, if you have a knack for gardening and you like landscaping from either blank or an already full canvas, this business is for you. The great part about growing plants is that you will need to mow the lawn every week or at least once a month. If you get some good clients, you may get some great monthly revenue in to help get you out of your crappy day job.
8. Photographer & Videographer
If you have an eye to catch great photos and videos, this would be a great side hustle for you. The ability to capture precious moments like new babies, weddings, bar mitzvahs, bat mitzvahs, baptisms, and parties is cool, plus you get to be a part of peak times of people lives. You’d need a solid camera, my dad prefers Canon, or you’d need a solid video camera. Good news is that business here is mainly referral based, so if you do a good job for one person, their family and friends network would also benefit from it too.
9. Property Manager
People. People who need people. If you are a fan of Barbara Streisand and enjoy real estate, this job is for you. Many people have multiple houses that need taking care of when that person is away. Also people that are renting also may have this need when they see family to make sure everything is working properly and no accidental plumbing, fire or other damage happens to it while you are away. This is a good side hustle that does not take up much time, where you can easily create additional side hustles or get multiple properties to manage as you build your repertoire.
10. Hair Stylist + Makeup Artist
For those big and special events, it is always nice to have a makeup artist or hair stylist on call. If you are particularly on trend with the times, and talented with a make up brush, this is for you. It always helps to have an Instagram account showing others how you have done others makeup with before and afters so that you can positively showcase your talents.
11. Event Planner
Planning for events can be tough! Many are looking for an ace to help pull off big birthdays, weddings, holidays and more. This is a great way to make more money especially if you are organized and like people.
12. Freelancer
Have a knack for SEO, writing, coding, or editing? Freelancing may be right for you! Companies like Craigslist and Fivver.com have many clients looking for a new way to outsource their technical and editorial needs. You can charge anywhere from $15 to $150 an hour depending on what topic you are writing about and what specialty knowledge you have as well. If you have legal expertise, your rates could be even higher.
13. Interior Designer
Interior design is a gift to everyone but myself. If you love to pull together a beautiful room, and have patience to work with certain specific requests, this job is for you. A best way to start is designing your own home nice taking pictures of it for your website or social media accounts to show that you have a good eye for design.
14. Dogwalker + Doggy Day Care Spa
If Must Love Dogs is your favorite movie, you may want to give dog walking a shot! Many pet owners are working all day and need someone to help take out their dogs, walks them, feed them, and put water in their bowls. If you love dogs this job is for you!
15. Babysitter + Caretaker
After school, before school, weekends, days, there are many folks out there that need care and sometimes it is 24 hours a day. If you love to nuture people, this is the right job for you.
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