The rising cost of living motivates people to invest in side gigs to make money and boost their income. If your goal is to cover day-to-day expenses, you need a business that earns you money fast. We asked experts and curated tips from blogs to share with you quick, money-making ideas to get you started.
Here are 25 of the best business ideas to make money fast in 2019:
1. Manage Client Social Media
Jeffrey Forbes, Owner, Elite Ethics
In 2019, one business you can start relatively quick with very little upfront investment is a social media management company. Social media has grown exponentially since its inception, and thus has created a sense of urgency for businesses of all sizes to participate. Start by familiarizing yourself with these social platforms and learn how each one works. You will find many businesses in your local area that either have created a page on social media but are not regularly posting, or have no page setup. Research their competitors to help build your case as to why they need to utilize these platforms and exactly how it can benefit them. One client can easily be worth an extra $1,000 per month. Not only will you be helping yourself, but also the business you are working with.
2. Become an Influencer
Armin Laidre, Managing Partner, ExitAdviser, LLC
An easy way for a business professional to earn some passive income is to become an influencer. That is, to recommend a service and earn commissions for each customer referred. Accountants, appraisers, and tax attorneys can become influencers too.
3. Become a Virtual Assistant
Emma Lee Bates, Blogger, EmmaLeeBates.com
It’s quick and easy to get started as a virtual assistant (VA). With a starting hourly rate between $15 and $20, it is a great-paying side hustle or business. Pretty much anyone can use the skills they already have to become a VA. There are VAs for social media, keeping email inboxes clear, making graphics, and so much more. The best way to get started is to search for virtual assistant groups on Facebook. Many of them have postings or threads on how to get started and find your first client.
4. Create a Digital Course
Cortlon Cofield, Financial Planner for Entrepreneurs, Cofield Advisors
As humans, we all are talented in one thing or another, be it certain sports, skills, educational subjects, and so on. We know how to do certain things that others don’t, but are eager to learn. Not only that, but people will pay you to teach them. So right now, I want you to take an inventory of your talents and select something that you can teach in your course. Courses are a great passive revenue stream because you only have to create it once and then it sells forever. So how can you get started with your course? Easy—select a course creation platform like Thinkific or Teachable and go for it.
5. Start an Affiliate Blog
Marc Prosser, Co-founder, Fit Small Business
When it comes to making money fast online, you can never go wrong with affiliate blogs. You can make money by writing reviews or recommending affiliate products to your readers all while sharing your own interests. More readers means you become more attractive to affiliate brands, so it’s important that your blog looks and feels professional. WordPress is the professional blogger’s platform of choice, with easy-to-use features that let even beginners create their own blog in minutes. It offers countless plugins and integrations to make sure you get an efficient and professional-looking blog to impress both your audience and clients. Start your blog now.
6. Start a Franchise
Deborah Sweeney, CEO, MyCorporation
One good business idea that has the potential to make money fast and has a formula to startup is starting a franchise. Many franchises have a set formula and relatively low startup costs. Entrepreneurial people who do their research and have funds to invest (as well as strong work ethic) might see great success from a formula that starts with a franchise. Do your research, ask questions, and find a successful franchise model. Then add your entrepreneurial spirit and strong work ethic and you will find success.
7. Become an Online Business Manager
Ysmay Walsh, Business Coach, Ysmay, Inc.
With more and more digital nomad businesses, the need for qualified online business managers (OBMs) has never been higher. Unlike a virtual assistant, who is usually responsible for tech-related things, an online business manager is just that: a manager. If you have ever managed anyone or anything—including a household—you could begin working as an OBM. Qualifications include good communication, great people skills, and the ability to see the big picture. OBMs work from home, which makes this the perfect gig for someone who has small children or is retired and looking to supplement their income.
8. Market Local Food Specialties
David Mercer, Founder, SME Pals
Find and market local food specialties and products and sell them from a tourist-friendly local market (e.g., live bands, entertainment). There’s a strong trend toward healthier eating and living these days, and tourists especially have become more conscious about ensuring their food is healthy. Combine that with the fact that travelers also love exploring the food and culture of the places they visit, and you’ve got a gap to exploit. Market these delicacies as delicious must-try meals that food-loving tourists can enjoy on a Saturday or Sunday morning somewhere local.
9. Create AdWords for Outdoor Advertising
Eng. Cristian Rennella, CEO & Co-founder, oMelhorTrato.com
Billboards are still sold manually by sales teams. You literally cannot buy a billboard online. If people could buy them as easily as you buy on AdWords or Facebook Ads, maybe many more small companies would. Start by contracting some billboards, take good photos, and upload them to your website to resell them online. With the margin that you will start generating in the online resale of the billboards, start buying or creating your own billboards to become independent in the long term.
10. Start an Ecommerce Store
Maggie Aland, Marketing & Review Editor, Fit Small Business
Starting an online shop is one of the quickest ways to earn additional income. With the drop-shipping fulfillment method, you can start an online retail store without incurring the cost to stock and ship your products. Use Shopify for a quick and easy way to create your very own online store with beautiful, responsive themes. Add the Oberlo plug-in to help you find products from manufacturers and add them instantly to your store. Try Shopify for free.
11. Rent Out Your Spare Room on Airbnb
Russell Barbour, Owner, StockMillionaires.com
The quickest, easiest, and lowest-cost business that we have started is simply renting out the spare bedrooms in our house on Airbnb. We make about $2,000 per month by renting out our three spare bedrooms in our house. All you really need to get started is a house with a minimum of one extra bedroom. Don’t be afraid to charge high rental rates—we do and we usually get it. To maximize your profit, make sure that you offer a fully furnished room, cleaning services, and even free coffee or tea. Screen tenants carefully and then just let the cash stream in. This works best if you do not mind sharing your house with a stranger, so it does require a little sacrifice, but the passive income stream is well worth it.
12. Start Your Own EBay Store
Jason Butler, Owner, My Money Chronicles
One way that you can make money quickly is starting an eBay store. You should start by selling items that you know or are comfortable with. For example, if you’re a mechanic, you can start selling car-related things in your eBay store. By selling items that you know, you’re able to make money quicker. It takes less than 30 minutes to set up an account. If you need a place to source items, you can visit thrift stores or yard sales.
13. Leverage a Trending Topic
Alex Nerney, Co-founder, Create and Go
Build a quick niche blog on a trending topic like mewing. Mewing is the latest health and fitness trend where people are trying to improve their jawlines and the attractiveness of their face. It went from virtually no searches to over 10,000 per month on Google last month. If you started now, you’d be a first mover and be able to rank for popular search terms rapidly. Build the blog, create posts around the topic (e.g., how-to’s, mistakes people commonly make) and monetize with ads. Once you get your first readers, you can create a small e-book to sell. A blog like this could pull in an easy $500 to $1,000 per month passively within a couple months.
14. Upload Your Videos on Amazon Video Direct
Katherine Schneider, Owner, 7 Day Websites
A great way to generate passive income is through Amazon Video Direct. You can create video content such as an informational episode, yoga class, or any subject you are interested in, and upload it to Amazon Video Direct, which will list your video on Amazon Prime. Once your video is listed on Amazon Prime, you can make passive monthly income based on the view counts of your video.
The great thing about this strategy is once you’ve done the initial work of creating your content and uploading it to Amazon, you don’t have to do anything else. Prime members can find, save, and watch your content, and you will be paid monthly revenue. To start the process, simply sign up for an account at Amazon Video Direct and follow the instructions for uploading your content. It’s fast, simple, and free.
15. Start a Media Blog
Gavin Graham, Editor, Fit Small Business
Media blogs are blogs that offer more variety in their content. There are video bloggers, podcasts, and photographers who use their blogs as a portfolio of their work. These types of blogs will require a web host provider that will not compromise your site’s speed and accessibility or charge you a fortune for bigger storage requirements. We recommend Bluehost for your professional web hosting needs. Bluehost, the web host of choice for professional bloggers, offers as much as 50GB of storage space for just $2.95 per month. Check out Bluehost hosting plans.
16. Become a Consultant
Adriana Monique Alvarez, CEO & International Business Consultant, AdrianaMoniqueAlvarez.com
One fast money-making business idea is to organize specialized knowledge into high-end private consulting or group programs. This allows entrepreneurs to quickly generate cash while only working a few hours a month. The easiest way to start is by creating a list of at least 10 topics to speak and teach about for free through Facebook Live or IGTV. Giving away valuable content consistently not only builds trust with their audience, but it demonstrates leadership and positions you as an authority. The critical and often missed component is to give viewers a clear call to action every time. Directing prospective clients to a freebie or private group on social media is a great way to nurture the relationship and make more sales.
17. Take Paid Surveys
Paid surveys can help earn you extra money during your free time. Some can earn as much as $200 a month completing at least 10 surveys a week. All you have to do is register for a number of online survey sites and complete the profile so they can make sure you get invited to surveys that you’re qualified for.
18. Become a Transcriptionist
Transcriptionists make around $25 to $50 for every hour’s worth of audio they work on. You can set your own hours and work anytime you want as long as you meet the deadline. All you need to do is download their transcription software and listen carefully for accuracy. Expect audios with thick accents (which will require you to replay the piece a few times). You will also need to get used to typing. Other than that, this job will let you work anywhere that there’s an internet connection so you can download the audio file and submit your work.
19. Sell High-quality Photos to Stock Image Agencies
If you love photography and have had it as a hobby for quite some time, you might want to consider selling licenses to use your photos. All you need to do is upload your best images to stock image agencies. Make sure to pick the right categories and follow all the technical requirements so you can start earning in no time. There are also platforms that pay for video clips so you can earn money from producing high-quality, informative videos as well.
20. Start a Part-time Tutoring Service
If you’ve managed helping your kids with their homework or reviewing for tests, chances are you can do well tutoring other kids part time. You don’t need to be an expert to become a tutor, but you will need to set aside the time to teach. It’s even better if you specialize in some areas of learning. For example, accountants can help by teaching math, or musicians can teach instruments part time. There are even opportunities to teach English to children overseas thanks to online communication tools like Skype.
21. Register for a Ride-sharing Service
Register for a ride-sharing service like Uber or Lyft and you can earn on the side as you go about your day. While some might say that this strategy hasn’t worked for them, there are a few guidelines that can help to make sure you get a more rewarding experience as a ride-sharing service partner. For one, use a vehicle that can fit more people to maximize your trip. Try registering for more than one system so you get better opportunities for getting clients nearer to your location. It will also help if you’re familiar with your area so you know the ins and outs that will allow you to save on gas and time.
22. Get Paid for Searching the Web
How often do you use Google? With a simple add-on on your browser, you can start earning money just by doing what you always do online. Search using Google, Bing, or Yahoo, and then click on the results. The corresponding dollar value beside those search results will get credited to your account. It also works on eBay, Amazon, Bing, Walmart, and Target.
23. Create Reviews for Websites & Apps
Companies like Usertesting.com provide feedback on demand for their clients by paying individuals to review their websites and apps. This helps companies to prevent bad user experience and improve their platforms as early as possible. As a partner, you will be asked to perform a set of tasks and provide your honest opinion about your experience. This can pay as much as $60 per test, and they also offer $10 for every 20-minute video you watch. Other companies like slicethepie.com offer money reviewing music. While these are more of a side hustle, dedicating your free time to work on these tasks is almost the same as setting up a small freelancing business of your own.
24. Learn How to Create Chatbots
Nowadays, there are a number of platforms like Mobile Monkey that offer to help you create your very own chatbot even without any coding knowledge. Although more companies are using artificial intelligence (AI) for their customer service, not everyone is making money from creating these tools. Aside from knowing how to build your own AI, it’s also important to understand the purpose. Is it for lead generation? Will it serve as a landing page? This information will help you design a chatbot that clients will want to buy and use.
25. Rent Out Your Parking Space
When thinking about ways to make quick money, renting out one’s parking space might not be something that immediately comes to mind. But renting out your own parking space is an easy gig that can get you extra cash on the side. This strategy is perfect for business locations, universities, and commuter links or for people who live near sports stadiums. Offer a rate that’s far better than professional parking spaces and you might be surprised at how many clients will approach you for this service.
Bottom Line
Consider quick money-making strategies to increase your income and make you less dependent on a monthly salary. Our list of some of the best business ideas from the pros will help inspire you to gain more financial security as budding entrepreneur.
Want to add more to our list of the best business ideas to make money? Share them with us in the comments.
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