Sometimes it seems like there’s an app for everything. Yet somehow, new ones keep popping up and selling for lots of money, all the time. If you spot a niche that hasn’t been filled to its potential just yet, and you can learn the coding skills (or know someone who already has them), you could be on to something with this side business idea. Today, it’s even possible to build an app without any coding skills whatsoever. Just make sure you validate your app idea before jumping too far in. Even if your app business idea doesn’t pan out to be a best-seller, you’ll still pick up valuable skills.
Humanatic – This is call reviewing. You listen to recorded phone conversations and tag them according to specific criteria. Not much money at all (which is why it’s listed here on my extra money list), but I have done it and it’s not too difficult.
Keep in mind that the strategies listed below range from easy and passive, to ones that require a TON of on-going work (so make sure you pick something that suits your site and lifestyle preferences).
18. Offer consulting – Offering consulting gigs and providing services can help you bring in decent sums of money while other forms of ‘passive’ revenue take a little time to build up. You can offer these services via email, forum and or even Skype.
• Zintro.com – Market yourself as a consultant based on your area of expertise. (Unlike other sites, Zintro requires the hiring business to put the money it intends to pay a freelancer into escrow. Once the work is completed, Zintro releases the money into the freelancer’s account, generally through PayPal. )
33. Join A Research Study or Focus Group – Have you walked through a college campus and seen the flyer for research studies and focus groups? Companies are always looking for people’s opinions about products and services, and for sitting in one of these groups for a few hours, you could earn upwards of $100.
If you’re working from home, you may not want clients to know it. Since the legal address for your corporation is made part of the public record, you may want and legal notices to be delivered someplace other than your home. For an LLC or S-corporation, a registered agent’s address is substituted for yours for purpose of public notices. Additionally, says Akalp, if you’re not incorporating, you can get a P.O. Box or use a mailing company for a DBA entity.
Several websites, including Rover and Thumbtack, offer potential sitters the opportunity to connect with homeowners who need someone to keep an eye on their houses for an extended period. It might be a good way to see the world, even if your compensation is just free room and board.
Fiverr – Fiverr is a great place to make a few bucks or spend a few bucks if you need some of the services people offer. Basically, everything is $5. You either pay $5 or charge $5. They call them “gigs.” You can offer your services however you choose. If you sell art and you’re fine selling pieces for $5 each, that’s a gig. If you’re a graphic designer and you want to offer your services for $10/hour, simply offer a 30 minute gig. If they need two hours of graphic design, they pay you $20, or $10/hour by buying four gigs.
You should also consider home owners’ associations in your neighborhood and consider the potential impact of your business on neighbors, especially if the business will increase traffic or noise in the neighborhood.
Alex Ikonn and his wife Mimi launched Luxyhair.com after they realized how hard it was to find great hair extensions in the marketplace. This hair extensions ecommerce retailer has built their business on the fan audience they’ve attracted through YouTube tutorial videos. They have a serious following, which is exactly what has enabled them to grow their business to seven figures since 2010!