50 Small Business Ideas to Make Extra Income in 2024
Waiting on the government for jobs sometimes doesn't come out successful, as the number of jobs available is limited. So you need to sort outside hustles, which can also be your main income simply by starting a business and self-employment. By starting a business, you can also provide job opportunities for other people.
Here are 50 small business ideas to make an extra income in 2024.
1. Accounting and Bookkeeping
If you are a licensed CBA personnel or you have great skills in accounting software, you can help people or businesses manage their finances by keeping the essential records in order and without errors.
As a bookkeeper, you are responsible for compiling expense reports, processing invoices and handling payrolls for your client or employer. Having a CBA license also allows you to file financial documents or statements, taxes, generate balance sheets and also helps in preparing other financial documents for your company or client. This also gives you an advantage, as you can also become an economic advisor to any clients of your choice.
2. Business consulting
As an individual who has high experience in the business world, you might want to share your knowledge and expertise for a token. You can offer advice to business owners as a business consultant and earn from that.
You can choose to hold both physical and virtual classes or you can share your knowledge at conferences or events and you can also get employed by a company or client to be their business consultant. Your business consultancy will go a long way in nurturing new businesses and also helping old businesses strive while you also earn an income.
3. Marketing
You can become an independent marketer or a marketer for a particular company or product. You can choose a social media platform to base on and if you can navigate more than one, you can market the product or services. In marketing, you can write blogs, run campaigns, develop SEO strategies, and implement certain effective marketing tactics to help improve the sales of the products or services of that business.
4. Real Estate
Real estate is a rapidly growing business due to the demand for properties increasing and the value of these properties also increasing. You can help businesses or business owners find the perfect office space for their business for rentals and also for the purchase of properties. If you are financially capable, you can still choose to buy these properties, which is a lifelong investment, and give your property out for rentals.
5. Event Planning
Event planning simply means taking up the responsibility of arranging, managing, designing logistics and coordinating events. The events can be conferences, cooperate events, seminars weddings or birthday parties. If you have a good design sense and have connections with vendors that sell materials necessary for the planning, then you can choose to venture into event planning.
6. Video Production
As an individual who can shoot videos alongside editing and producing high-quality videos, you can venture into video production. In the era of visual advertisement, most people advertise their products and services using videos and the demand for video producers is high. Also, content creators make use of video producers to produce their content as well as movie producers who are also in need of high-quality video producers.
7. Podcast
Podcasts are a way of sharing stories, valuable insights and opinions that are important or beneficial to the viewers. If you are a good storyteller who also loves to share their insights and opinions with others, you can venture into podcasting. To be able to go into podcasting, you have to invest in a high-quality sound system, good video coverage devices and also good editing software. You can work from home and still reach out to your audience and viewers as a podcaster.
8. IT Consultant
If you have good knowledge and experience with computers and advanced technologies, you can start a business as an IT consultant. Most small businesses with tight budgets tend to hire IT consultants to handle any tech-related job they have at their business. You can offer services like installing, managing, updating and troubleshooting technology or devices for these small companies. As an IT consultant, you are allowed to provide both remote and on-site assistance to the business, allowing you to work from home at some times.
9. Catering
If you have a passion for cooking and are opportune to pursue a career as a chef, you can go into catering. You can open a commercial kitchen of your own or work in a commercial kitchen of somebody else. If you have your kitchen, then you have to get a team who will help you with other work you cannot all do by yourself. You can also choose to create a catering school of your own and tutor others using your experience and your expertise in catering.
10. Social Media Management
Since social media marketing is on the rise, as a business owner, you also need a social media manager. A social media manager will be responsible for posting and managing your social media pages and accounts and also receiving messages from potential customers and old customers. Most social media managers also take on the role of accepting and processing payments and sales of the business. You can choose to have one person as your social media manager and marketer and you can choose to hand two different people. It all depends on the size of the business and the budget of the business.
11. Business Planner
If you are good at starting up businesses, you can choose to pick up a job as a business planner. A business planner is someone who plans and regulates all activities related to starting and managing new businesses. A business planner is responsible for providing a business plan and business structure for their clients.
12. Tax Consultant
For new companies, navigating tax payments and other tax-related activities can be very tasking, so business owners tend to look for someone with experience to coach or help the business with filing tax returns. Unlike individual or personal taxes, business taxes have a different approach, so it need an experienced hand to process it. If you are good at tax consultation, you will be in high demand since new companies are being formed every day around the globe.
13. PR Agency
If you have a good public relations background and you have a good amount of reliable and strong network of media and business contacts, you can consider launching a PR agency. PR agency helps businesses, mostly small businesses, manage their public image and presence. They do this through various means, such as marketing campaigns, event organizing, press releases and also outreach. Most of these are through social media or the web. If you have contacts who are business and industry-specific, it can help you boost your business by offering services in that particular sector.
14. Organizing
Professional organizers deal with the strategic organization of working spaces for businesses and office space. These organizers can also work on private properties like homes, rooms or other properties. Organizing is a time-consuming task and professional organizers help you do the job while you do something else with that time. As long as you are willing to pay, you can get your job done. Taking a job as an organizer is good and more effective if you have a good sense of designs and interiors.
15. Photography
If you have a passion for photography, you can consider taking it as a job or side hustle. Professional photographers are in high demand due to the need for good and quality pictures of persons and products. You can become a freelance photographer also and you can choose to work in the comfort of your home. To successfully become a professional photographer, you should have good photo editing software and skills.
16. Event Space
With the increasing demand for spaces for events like weddings, birthdays, cooperate gatherings and other activities that demand the use of a space, starting a business for an event space is a good idea. You can help people sort out spaces for their events and you can also partner with scent planners to plan the event also.
17. Interior Designing
Interior design is a very good idea for a business since people love their spaces and interiors looking all cozy. You can help people design their spaces and interiors and get paid. To be an interior designer, you need to have a good design sense, which includes color combinations and shape combinations, to give the perfect look for your space and rooms. You can partner with housing agents to help you get clients or you can work independently.
18. Woodwork
In this modern day when furniture is essential part of a house or room, you can go into woodworking and make good quality furniture for people. You can market your products on social media or partner with interior designers or space organizers to help you get more clients and easy access to jobs. You can also sell your designs on websites like Esty which is mainly for craft works.
19. Graphic Design
Design is a very good way to pass information effectively and can capture attention faster than even words. With an increasing demand for visual advertisement, graphic design has become a demanding skill both by companies and other organizations. If you are interested in designing graphics, you can choose to start a business as a graphic designer. You can choose to work remotely or work on-site, which all depends on your employer and your preference. You can also register on freelancing platforms like Upwork, Fiverr and other platforms that help you get across clients remotely.
20. Clothing Store
If you have the resources, you can open a clothing boutique or store and sell clothing. To get started, you need to look for a quality and affordable supplier for your clothes and you can choose to add shoes or other fashion accessories like belts, scarves and others to your clothing collections. You also need to position yourself very well in the market, since you are competing with large clothing stores. Clothing stores are good in big cities and busy roads since many people get to see and will tend to shop from the store.
21. Bed and Breakfast
If you live in a popular tourist destination and have a guest house, mother-in-law suite, or even a spare bedroom, consider turning your home into a bed-and-breakfast. If you love cooking and entertaining guests, this could be a perfect business for you. Platforms like VRBO and Airbnb make it easy to market your home to travelers, allowing you to generate income and possibly make new friends along the way.
22. Food Truck
Owning a good truck is a very good way to start up a business since restaurants are not everywhere and you have the advantage since your truck is mobile and can be moved. If you love cooking or making snacks and desserts, you can get a truck, customize the interiors for that cooking and make these foods in your truck. You can choose a very populated area like parks, in front of schools, a cinema or any other busy location. Food trucks, especially desserts, are well-sold around playgrounds or parks.
23. Microbrewery
If you love experimenting with beers, you can consider turning your hobby into a job by creating a microbrewery. You will not only make money but also get the chance to try out different beers and also to sure your unique creations with a broader audience. You can create a microbrewery in the backyard of your house and you don't need too much space to be able to have one.
24. Ice Cream Shop
Children love ice cream, adults love ice cream, and the aged love ice cream, so why not open your ice cream shop? You can choose to make your ice cream yourself or buy it in large quantities from someone who makes it. Unlike other food businesses, opening an ice cream shop does not require as much revenue as a food shop. To get started, you need to rent a space and prepare your ice cream maker alongside some tables and chairs if you want them and then you are ready to start.
25. Personal Chef
A lot of people, due to their busy schedules, do not have time to make their meals and do not feel comfortable eating in a restaurant, so they hire personal chefs to make their meals for them. You can start a job as a personal chef if you have a passion for cooking and would love to earn from it. You can also choose to make meals for your friends or neighbors who have busy schedules and get paid for making these meals.
26. Landscape Business
If you have a passion for gardening and a good sense of design, launching a landscaping business might be a good step for you. Your responsibilities as a landscape business person would include tasks such as lawn mowing, planting, and maintaining flowers, trees, and shrubs, as well as designing good landscape plans for both residential and commercial properties. Through your expertise, you can help enhance the aesthetics and functionality of outdoor spaces.
27. Pet Grooming
If you love animals, especially pets and you love grooming them, you can decide to turn this into a job and get paid. You do not need a building or a special office to run this type of business as you can give these grooming services to your clients in the comfort of their homes. Offering home services for your clients helps you to reduce the cost necessary for renting a space. You can also choose to groom pets in the backyard of your home which is not usually good, since it allows clients to have access to your house.
28. Florist
A lot of people love flowers and know how to arrange them to look even more beautiful. If you are one of these people, you can consider opening a flower shop. You can plant, grow, arrange and sell these flowers to other people and help them arrange them to fit their interior. As a florist, you can also make bouquets, and set arrangements for weddings, birthday parties and other events which the flower will help with the stage look.
29. Massage Therapist
Everyone needs a relaxing therapy after a long and stressful day and you can offer them that in exchange for pay. You can open a spa which offers massage therapies and earn from it. To be able to practice legally as a massage therapist, you will need to go through the necessary training and get a certification that you have completed the training. Spas should be created close to salons, gyms or beauty shops since these are where most of their potential clients visit often.
30. Nutritionist
As a nutritionist, your responsibility is to help your clients get a better relationship with their food about their health goals and also help your clients choose the right type of food to eat and when to eat it. If you can do all of these, then you should consider starting a business as a nutritionist with the proper credentials. As a nutritionist, you can also create meal plans for your clients and with all these, promote health and wellness.
31. Personal Trainer or Fitness Instructor
If you love fitness and exercising, you can work towards becoming a licensed trainer and therefore you can earn money while doing what you love. As a certified personal trainer, you can offer training sessions to clients in the business, and parks, and you can also host online classes or sessions. You can even choose to establish a fitness studio or gym where you can host your sessions. You can also choose to write ebooks on fitness and exercise and sell them to your students or other people who will be interested.
32. Beauty Services
Although having a degree in any aspect of beauty is an advantage to those who soul6wabt to go into the beauty industry, you can also go into the industry without a degree. All thanks to social media, which has provided free lessons and has produced many self-tutored makeup artists and beauty consultants. You can start up by creating videos on makeup or beauty tips and post them on social media platforms like Facebook, Instagram TikTok and YouTube. You can also open a saloon or a business shop, but always make sure to get the required license first.
33. Life Coach
If you love guiding others toward achieving their life goals, discovering they'd full potential and discovering who they are, then you can become a life coach. As a life coach, you have to interact with your clients and know the areas of their lives they want to work on and improve, after you've gathered information, you can help them improve by guiding them through decision-making and other trivial matters that are very important to their self-development.
34. Tutoring
If you have a good teaching ability and would love to turn this into a job, you can offer private tutoring or home tutoring to people with hourly rates. Depending on your location and expertise, your charge per hour can be increased. You can operate independently as a freelance tutor either online or offline or you can create a tutoring business featuring other educators like yourself who would love to also tutor.
35. Daycare
If you live with children and have a passion for early childhood development, you can consider establishing a daycare center in your home. Running a daycare center, you not only do what you love but you can also earn from it. You can choose the age of the children you want to care for and you can choose one aspect of learning, such as language immersion. To successfully launch a daycare center, you need to familiarize yourself with various learning approaches and consider getting the various certifications and licenses necessary for running a daycare.
36. Senior Care
There is a need for care for the aged and with the population of the aged, there is a high demand for caregivers. Caregivers give assistance ranging from medical assistance, companionship, household chores and running errands for the aged. This job is most suitable for individuals with nursing experience and they can open a warehouse where aged people will stay or offer these services at their client's homes.
37. Interpreter or Translator
if you speak and understand multiple languages, you have a good advantage since you can become an interpreter or translator for tourists or translator and interpreter for companies dealing with foreign clients. Other people who speak little or no language and can afford a translator employ people to help them translate languages. When you build your client base, you can create a translation agency and employ others who are good at translating and interpreting.
38. Housecleaning
You can also start a cleaning business. With little investment and a small revenue, you can start up a cleaning service individually or you can choose to create a cleaning agency and employ others and create job opportunities for others. Your major expense is your equipment, marketing expenses, and personal wages. With people having busy schedules and trying to work to meet the overall standard of living, the demand for cleaning services remains huge.
39. Automotive Repair
If you can repair and maintain automobiles very well, then you can consider starting a business by opening an automotive repair shop or you can work by going to your client's house or at your garage. Whether it is maintenance, repair, detailing, or general services for different types of vehicles, you can do all of these or choose specific services you offer and specific vehicles you offer these services for. You should also consider licensing and insurance requirements to operate legally.
40. Handyman Services
As a handyman, your services include repair and maintenance to business owners and joke owners. Depending on your particular skill or your license, you can choose to offer a single service or a variety of services for your clients. Some of these services are electrical works, plumbing, locksmithing and HVAC repairs. As your business grows, you can choose to create an agency and hire other handymen who have the skills you lack to form a team and work effectively.
41. Dry Cleaning
Establishing a dry cleaning business does not require much capital and work. To start a dry cleaning business, first, you need a washing machine and purchase cleaning materials and equipment to facilitate your work. With effective marketing, you can get to a larger audience and become a trusted dry cleaner.
42. Hardware Store
If you are into the handyman business, you can expand your business by opening a physical hardware store to provide the materials needed for your job and also to sell these materials to other handymen and other people seeking those products. You should open your store where it is easily accessible to improve your sales. You can also offer expert advice to those who want to use specific products for their work.
43. Self-Storage Business
You can open a warehouse or a store with a conducive climatic condition and humidity, especially in urban areas where storage spaces are limited and then help people store their goods and items to avoid spoilage or damage. The payment for items stored should be paid per day or week for the items spent in the storehouse.
44. Freelance Copywriting and Content Creation
You can start a career as a freelance copywriter and content creator with the right knowledge and expertise. Your role is to create attractive and engaging written materials for your clients to drive sales, pass on information or for their websites, blogs or social media pages. This saves your clients time and also gets you paid. You can charge hourly as a freelance copywriter or you can charge per project.
45. Rideshare Driver
As a rideshare driver, you can use your vehicle to become a private driver or driver on order. You can also set a work schedule, and this enables you to conveniently use your time and offers you flexibility since you can choose to work other jobs and be a rideshare driver as an extra source of income.
46. Website Development and Design
With the increasing rate of creating new business ventures, there is an increased demand for websites, since these businesses want to have official websites and brands. You can become a website developer and designer and your target audience should be needed businesses. You can also partner with company formation agencies to ease your job search. There are also freelance platforms that help you connect with clients who want your services, platforms as Upwork, Fiverr and Freelancer.
47. Online Clothing Store
Unlike a physical clothing store, you can have an online clothing store without spending too much money. All you need to do is get a supplier for these products, buy them in bulk and post pictures of them on your social media handle, you will also have to spend on effective advertisement and marketing for your brand and products since you do not have a physical store available.
48. SEO Consultant
Search Engine Optimization (SEO) consulting involves the effective optimizing of clients' websites to improve their visibility, reach and ranking on search engine results. By enhancing their website performance and implementing effective SEO strategies, you as an SEO consultant will help improve the traffic and lead of your client's website, thereby enhancing online presence.
49. App Development
If you are good with app development, you can also consider creating and developing apps that are essential for users. When you create an app, make sure it is user-friendly and navigating the app is easy for its users. You can also get hired by others to help them create apps for their company or products.
50. Restaurant or Cafe
If you love cooking or making coffee, you can consider opening a restaurant, a cafe or both. When opening a restaurant or Cafe, you should consider busy cities and roads or close to big and busy companies or business buildings since most workers take lunch and coffee during their breaks. To open a restaurant, you need to have a good budget.
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