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Online Business Ideas Chapter 5 of 5: Starting a side business

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08-06-2020
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Online Business

I'm going to talk from my own experience I already mentioned that I've launched a course, I launched it in 2018  so I went back to Russia to visit my family and I met a couple of bloggers like Russian loggers 100,000 subscribers in Instagram and I was asking them how do you guys make money in a side business? and the girl answer is ‘oh you know I teach people how to start an Instagram’ , there are many people who wanted to become a blogger so I just teach them that and I asked like how much money do you make if you don't mind me asking, she's like um five thousand dollars of course and so how many courses are you doing then she said minimum two and I felt like wow that's a lot of money.

So listen to her and I'm surprised that people take so much money on just like online tutoring and thought why don't I launch a three-hour webinar on how to start YouTube and it made a lot of money like basically ten thousand dollars or more.

I'm like wow this is a huge niche even if you don't have a little following because I only launched that course and I only announce it to the public on my Instagram I was still able to make that much money so idea number one if you've mastered a skill already and you are willing to share it with other people start an online course, there are so many resources out there that you can use so go ahead and do it.

 

Be a Blogger:

My first side business ideas is, I'm going to talk from my own experience I already mentioned that I've launched a course, I launched it in 2018  so I went back to Russia to visit my family and I met a couple of bloggers like Russian loggers 100,000 subscribers in Instagram and I was asking them how do you guys make money in a side business? and the girl answer is ‘oh you know I teach people how to start an Instagram’ , there are many people who wanted to become a blogger so I just teach them that and I asked like how much money do you make if you don't mind me asking, she's like um five thousand dollars of course and so how many courses are you doing then she said minimum two and I felt like wow that's a lot of money.

So listen to her and I'm surprised that people take so much money on just like online tutoring and thought why don't I launch a three-hour webinar on how to start YouTube and it made a lot of money like basically ten thousand dollars or more, this she is doing as side business.

I'm like wow this is a huge niche even if you don't have a little following because I only launched that course and I only announce it to the public on my Instagram I was still able to make that much money so idea number one if you've mastered a skill already and you are willing to share it with other people start an online course, there are so many resources out there that you can use so go ahead and do it. This is one of the best side business ideas.

 

Cleaning Services:

Second side business idea is , I'm going to talk about things you can do tomorrow it's actually a huge market and it's growing because people have less and less time to take care of their homes and the skills called cleaning as it took me a month to find a good cleaner here in San Francisco and I finally found a girl who's really good a really professional. She charges 120 dollars to clean it 2-bedroom apartment and it takes her three hours to do that so she charges like 40 dollars an hour which is like a developer charges that money. We used to have a start-up a cold home joy where you could hire people online to clean your apartment or office but they shut down, so there is so much demand for a good cleaner.

 I keep hearing people asking for that so this is something where you can start a side business make some initial capital and then decide whether you want to grow there and start your own company like help people, find cleaners or maybe just go and switch activity but with initial capital which is a great side business.

 

Drop Shipping:

Third side business ideas is I have been wearing a golden moisturizing mask on this is made by my friend who's actually in tech he's not an Amazon professional but this is what he's done. He went to South Korea visited some factories where he's found really good moisturizing face masks and bought them for like a dollar and he came back to America has shipped all of the masks. He's selling them for him like $16 a mask on Amazon and what's cool about selling on Amazon is you don't need to have your own garage where you store everything and you don't have to ship everything, you just have to send it to Amazon. They do the rest and your task is just to sell and collect reviews that's it.

Yeah he's making a lot of money on those masks he's still doing he's been doing that for over a year he's pretty successful. It's like a good side business because he's running a tech company and this is something you could totally try.

 

Bike Rentals:

The next one is surprising but it's actually trending in Silicon Valley as a side business idea which means it's going to trend all over the place it's bike rentals and scooters. The scooter business started in 2018 they had a lot of problems with law and regulations but two companies survived they have both acquired. I think they've got alike over a billion dollars and they raised like 200 million acquired by like taxi companies but guess what if you're setting like a small shop renting out scooters or branding of bikes the market itself has grown 73 percent in the last 10 years.

So if you have two options in the future you can take this side business idea either grow the profitable business which is growing or second you get acquired by the company which is also a great option you get your money. 

 

Training as side business idea:

Another business is personal trainers and instructors, with online you have so many opportunities to train people all over the world which can be done as a perfect side business idea, and this marathon I baked like $49 for it which is like a marathon.  I'm training every day for like half an hour and the girl was doing good that she just pre-recorded all the courses she's not even there,  I'm just switching on her videos and she recorded like 35 videos. I love to Train like that because I choose my own time we have a gym here at home and this is a huge future for all of your fitness trainers. Chimra is a great company that does all of the pre-recorded courses and it's a huge trend here in Silicon Valley as well because people don't have time to come into their fitness they just do a quick workout in the morning at home using a screen. So fitness instructors yes you can build your audience with like real life training but you can also go online and do your own course and make a lot of money.

 

CPA  Accounting:

One more business is  CPA  Accounting. I cannot do my books while I could potentially but I know I'm going to make so many mistakes and probably miss some things that would allow me to save on taxes. So I've been shopping for a CPA for a couple of weeks in 2018 my assistant helped me a lot and we found a guy who's working with creators but that's a huge market it doesn't matter that there's so much software out there that helps you optimize and divide your expenses by categories because real CPA knows all of the laws that will help you save on taxes and that's why there is a huge demand for CPAs.

But no matter what you do no matter what kind of business you choose to start, what you really need is your leadership skills because it doesn't matter how profitable the niche is if you cannot convince your buyers that you're the bestseller, if you cannot convince people that you're a real expert then nothing's going to work you have to show credibility, you have to create a great product and you have to talk in a way that people want to buy from you.

 

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