You have your current job and it’s going well. You’re making a living from it and by any standards; you’ve been successful at what you do.
But at the same time, you want more. Maybe you would like to make even extra income on the side. Or maybe you’re just grown tired of your current job and while you don’t want to leave the security of it behind, you still want to try something new. Or maybe both of those factors are at play.
Regardless, you’ll be glad to hear that in 2018 there are a multitude of different business ideas for you to pursue that can turn out to be quite lucrative for you.
Here are the top four ideas for a home based side business:
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1 – Kindle Publishing Business
Thanks to Amazon’s Kindle Direct Publishing (KDP) service, it only takes five minutes or less to publish a Kindle book to their online store. Gone are the days where you would have to pitch your books in person to skeptical publishing companies in order to have any chance of getting published at all.
The best thing about Kindle publishing is you don’t even have to be a writer to be successful at it. You can hire a freelance writer to write a quality 5k word book for around $50, and a graphic designer to create a nice looking book over for around $5-10. At that point, there’s nothing stopping you from publishing to Amazon’s store and waiting for money to roll in.
The secret to success with Kindle publishing is to treat your pen name like a brand, which you can build up to be an authoritative and identifiable name in your niche to attract sales. Make sure your books contain valuable information and are free of spelling and grammar errors as well.
2 – Rent Your RV to Others
Do you have a motorhome or travel trailer that just sits around most of the year when you’re not using it? If so, why let it collect dust when you could use it to collect cash?
Many people rent their RV’s out to strangers and make thousands of dollars a year in passive income from it. In order to compete with the big rental companies in your area, get your RV prominently featured on listing websites, include lots of high quality pictures, and price below the local average.
At that point, all you need to do is sit back and wait for emails or phone calls from interested renters. Outdoorsy.com can furthermore provide you with excellent tips on how to rent out your RV.
3 – Freelancing
Freelancing is a very broad subject and can cover anything from writing to graphic design to voice acting to bookkeeping to website design and so on. Basically, you can take almost any online skillset and convert it into a money making opportunity through freelancing.
The best freelancing websites to set up a profile and portfolio on will be Upwork.com, Guru.com, and Freenacer.com. Afterwards, all you need to do is start applying to posted online jobs. You’ll dramatically increase the chances of getting a job with a professional cover letter, a complete portfolio to prove your value, and by pricing yourself competitively.
4 – Amazon FBA
Only a few years ago, the best way to make a living selling online products would have been through eBay, but today, it’s arguably through Amazon’s Fulfillment by Amazon (FBA) program.
People make tens or hundreds of thousands of dollars a year through an FBA business. How it works, in basic terms, is you choose which products you want to sell. You then purchase those products at a discounted price through third party vendors, have your brand name put on them, and then sell products through Amazon’s Fulfillment by Amazon (FBA).
Amazon steps in by handling your shipping for you. You will need to have an established brand and blog/website for this to be successful, but if you do, it’s a great way to make money.
Starting a Home Based Business on The Side
There are many more great home business ideas out there as well, so don’t think that you’re limited just to the ones on this list. However, the ones we have covered in this article are the ones that stand the greatest chance of turning out the most profit for you in the shortest amount of time.
Furthermore, each of these business opportunities also stands a chance of growing exponentially to the point that one day you may be able to leave your old boring job behind if you want to. Just think about what your skills and talent are, and you’ll be able to find a way to make money from it from home.
