When you’re on the path of frugality, you’ve basically got two options when it comes to padding your bank account: you can either trim expenses to save more money, or you can try to earn more money. Doing both will, of course, greatly increase the chance you’ll achieve your long-term financial goals, whether that’s to pay back your student loans or save up for your dream vacation.
Coming up with a side business is a great way to earn extra money. I’ve started several businesses in the past, from a successful blog to a professional organizing business, and can tell you first hand that not only is becoming an entrepreneur incredibly rewarding, but it can also be very lucrative.
The biggest question, however, is what kind of business should you start? There are literally thousands of options out there. Some are relatively easy to get into. Others require significant time, and small business capital, to get off the ground. I’ve listed some ideas below to help get your creative juices flowing
Starting a business today no longer requires months or market research and thousands of dollars to get started. You can simply stay in your pajamas, although I wouldn’t recommend that, and start a successful business from the comfort of your home.
Even if you decide to leave the house, there are more than enough business ideas floating around that require little time and resources to launch.
In fact, here are 15 business ideas that you could start today.
1. Freelancing
2. Blogging
3. Online retailing
4. Public Speaking/Teaching/Tutoring
5. Consulting/Training
6. Errand Running/Personal Assistant
7. Babysitting/Petsitting/Housesitting
8. Landscaping
9. Catering/Baking
10. Repairman
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