Monday, February 7, 2011

Side hustle update

Side hustles update

Courtesy of Dan Miller at 48days.com I found these interesting statistics about starting your own business.


26 percent of business start-ups didn't require any capital
 34 percent needed less than $5,000
9 percent needed $5,000-$9,999
 12 percent needed $10,000-$24,999
 6 percent needed $25,000-$49,999
 5 percent needed $50,000-$99,000
 4 percent needed $100,000-$249,999
 3 percent needed $250,000-$999,999
 1 percent needed $1 million or more

So why not start your own business today? In addition to what was listed in the first post, here are a few more ideas of things you can do on the side.

Moonlight as a security guard: Enjoy spending the evening alone getting paid? Becoming a security guard is a great option for college students or people with full time jobs who are busy during the day. Why not open your own security business where you hire out security guards to keep an eye on local business and mini malls.

Become a car retailer. Here is a link to an ebook about how to do it.  http://www.dealerlicense.com
Its amazing the great deals that auctions offer. Purchasing cars at a huge discount and then reselling them for profit can become quite lucrative.

Window washing business: I do not know many people who love to wash windows, but I know a lot of people who love working for themselves and making a good income. My friend put himself through college by washing windows with a business partner during the summer.

Online Parts Store: Have a passion for motorcycles, ATVs or cars? Why not start an online parts store where you create a website and relationships with wholesalers. Sell products at a great price and run the entire business all from your computer. Here is an example of a site that I love to use, where they are doing just that. motorsportsofutah.com

Snow Removal: Is your area being nailed with huge winter storms on a regular basis? Offer to shovel, snow blow or plow driveways. If you own a pickup look into purchasing a plow and offer to clear local businesses parking lots.

Event Staff: I met a family who would spend Saturdays at the local University football games selling food items. Eventually the money they made was used to purchase a local restaurant where they then hired people to sell their food at the games.

I plan to add to this list again, and would love to hear your ideas on what you are doing or thinking of doing as a side hustle?

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