Renting out an extra room sounds like a pretty smart idea. App development also sounds like a pretty good idea, I found the link you left about how Benny Hsu made 30000 in 30 days quite useful. I have always been unsure on how you can start a blog but the 6-part video that you left was very helpful to understand how better. I also liked the idea of car flipping. I think it could work quite well especially here in Hawaii. I have personally found that dividend investing to be very useful in increasing income. I was also completely shocked that you can be paid to be someone’s friend. That is crazy that you found that.
To learn more about how to pick, launch, and grow a profitable side hustle check out “Chapter 12: More Money in Less Time: How to Start A Profitable Side Hustle” in my international bestselling book Financial Freedom: A Proven Path To All The Money You Will Ever Need (Penguin Random House), where I break down step by step how you can launch your own successful and profitable side hustle.
Location. The most successful bed and breakfasts are those that are convenient to airports, historic parts of town, or other tourist attractions. That’s because there are two types of guests who tend to frequent B&B’s: business travelers who are tired of sterile hotel rooms, and families looking for a unique experience. That’s not to say that you can’t develop a successful B&B if your home isn’t located in the perfect spot, but you might have to work harder to make it a success if it isn’t.
Take note, it’s a UNIVERSITY, not a bootcamp that dumps a ton of information onto you and then leaves you hanging. University educations usually take 3-4 years to complete, and this is no different. (Frankly I’m irritated by ‘gurus’ who claim you can create an online business in 8 weeks. That’s utter bull! It might be long enough to get you started, but it can’t possibly come close to providing everything you need to grow a profitable business that’s going to generate you passive revenue for years to come). But don’t think that means you’re going to have to wait years to see results. The beauty of our Milestone Method is that you get results as you go. (And that’s the secret sauce keeping you motivated and engaged on your online business journey)
15. Private Labeling. In this side hustle, you identify hot-selling products and bring your own to market to compete with them. There’s an art and science to this, including negotiating with suppliers (often overseas), but in this episode of The Side Hustle Show, 7-figure Amazon seller Greg Mercer shared his top 3 Amazon FBA product sourcing guidelines and tips.
Direct Sales Home Businesses – Host “parties” at your home to get discounts and a little cash, or become an independent sales rep yourself to make even more money. Many of them offer online shops that you can set up under your name. Some of the most popular ones are: Avon, Mary Kay, Tupperware, Thirty-One Gifts, or Pampered Chef; there are also numerous companies selling candles, jewelry, children’s books, children’s clothes, etc.)
Your Deals. In addition to establishing a per-class price, also offer packages to entice people to sign up for more than one class. For example, if you intend to host classes on making soap, offer the classes individually, as well as in a group. Someone could take a class learning how to use fresh flowers in homemade soap, or they could buy a bundle that teaches them how to use those, fresh herbs, and plastic toys for kid’s soap. However you decide to price your classes, remember that the buyer will want to feel like they’re getting a lot for their money. If you can provide that in a fun atmosphere, they’ll likely be back time and time again – and they’ll bring friends.
It’s funny that you put baking of all things on this list. I’d often considered the idea of baking cookies and things and selling them on Facebook garage sale sites and things like that – until I made Christmas cookies last week and found out how difficult it is. Let’s just say it gave me a healthy appreciate for the people who make all the tasty desserts I regularly enjoy!
6. Create a joint venture with like-minded businesses. Joint ventures are all about related businesses teaming up and combining skills, products, services and resources to create new streams of income and profit. One great way to profit through joint ventures is to seek out products or services that would benefit your visitors, and then approach the companies that provide those products or services. Ask them if you can recommend their product or service on your site for a portion of the profits. Most companies will gladly agree to this arrangement--after all, there's no risk for them since they only pay you when you refer a paying customer.