15 Side Hustle Ideas for 2024 💸 businesses my friends & I have tried and made it work
Summary
TLDRThis video script details the speaker's journey of exploring nine different businesses and side hustles over four years, which eventually led to quitting their job in 2019. The speaker shares a mix of passive and active income ideas they've tried, such as creating and selling physical products, teaching workshops, freelancing skills like calligraphy, and participating in gig economy jobs. They also delves into online ventures like business coaching, creating courses, YouTube content creation, and running an Etsy shop. Additionally, they mention other successful business ideas from their network, including social media marketing, self-publishing on Amazon, consulting, and flipping items. The script emphasizes the importance of pursuing passions, having an entrepreneurial mindset, and the hard work required to turn a side hustle into a full-time endeavor.
Takeaways
- 📚 The speaker has tried nine different businesses in the past four years, two of which led to quitting their job and working full time for three and a half years.
- 🎨 The first business venture was selling physical products, specifically greeting cards, highlighting the ease of starting with something you can create yourself.
- 👩🏫 The speaker also taught calligraphy workshops, suggesting that if you have a skill others want to learn, you can host workshops as a side hustle.
- 🔧 Freelancing a skill you already possess, like photography or writing, is a recommended way to start a business without needing to learn something new.
- 🚗 The speaker briefly tried food delivery with UberEats but didn't enjoy it due to a dislike of driving and parking, but acknowledges gig economy jobs as viable options.
- 📈 After quitting their job, the speaker transitioned their calligraphy business online and started business coaching, emphasizing the value of coaching others in areas you're experienced in.
- 🎓 Offering free beta coaching packages initially can help build confidence and establish a coaching business, as the speaker did with calligraphy.
- 📚 Creating and selling online courses, like the Calligraphy Instructor Academy, is a way to package knowledge and potentially earn passive income.
- 📹 Starting a YouTube channel was a slow process for the speaker, taking two years to gain traction, indicating the need for patience and passion in such endeavors.
- 🛍️ Opening an Etsy shop is a good way to sell both digital downloads and physical products, with the potential for passive income if SEO is effective.
- ✍️ Blogging can be monetized through various methods like affiliate marketing, ads, or promoting your own products or services.
- 📈 Additional business ideas from the speaker's network include social media marketing, selling books on Amazon, consulting, offering services based on formal education, flipping items, and investing in rental properties.
- 💡 The importance of pursuing your passions when starting a business is stressed, but also acknowledging the need for quick cash options like gig economy jobs or freelancing existing skills.
- 💡 Lastly, having an entrepreneurial mindset is crucial for starting and growing a business, with resources available to help shift from an employee to an entrepreneur perspective.
Q & A
What is the speaker's background in terms of business and side hustles?
-The speaker has tried nine different kinds of businesses and side hustles over the past four years, which led to quitting their job in 2019 to work full time on their ventures for about three and a half years.
What was the speaker's first business idea and why did they choose it?
-The speaker's first business idea was selling greeting cards through a calligraphy business. They chose it because it seemed like the easiest thing to start at the time, allowing them to do something they were interested in.
How did the speaker's friends approach selling physical products?
-The speaker's friends sold various physical products such as bubble tea holders, crochet products, beauty products, and clothing. Some of these required finding a supplier or manufacturer, while others could be handmade at home.
What is the advantage of starting a business with a skill you already have?
-Starting a business with a skill you already have is advantageous because you don't need to learn something new. It allows you to leverage your existing expertise, which can be offered as services like photography, video editing, writing, or teaching languages.
Why did the speaker try delivering food with UberEats and what was their experience?
-The speaker tried delivering food with UberEats as a side hustle to gain experience. However, they didn't enjoy it due to their dislike of driving and challenges with parking, despite finding the experience interesting.
How did the speaker transition their calligraphy business to an online platform?
-The speaker transitioned their calligraphy business online by starting business coaching, specifically helping calligraphers start their businesses. They also offered free beta coaching packages initially to build confidence and establish their coaching abilities.
What is the Calligraphy Instructor Academy and how does it relate to the speaker's business?
-The Calligraphy Instructor Academy is a course created by the speaker to teach others how to host calligraphy workshops. It represents the speaker's attempt to package their knowledge into a course for passive income, although it remains a niche product.
What challenges did the speaker face when starting a YouTube channel and how did they overcome them?
-The speaker faced slow and steady growth when starting their YouTube channel, taking about two years to reach a point of satisfaction. They overcame this by consistently creating content and maintaining the effort required to build an audience.
Why did the speaker start an Etsy shop and what were the benefits?
-The speaker started an Etsy shop as a way to expand their business online, particularly for selling digital downloads. The benefits included a consistent sales stream and an integrated system for payments and transactions.
How can a blog be monetized according to the speaker's experiences and suggestions?
-According to the speaker, a blog can be monetized through various methods such as affiliate marketing, advertising, or promoting a product or service offered by the blogger. The speaker's own blog is not monetized but provides several suggestions for doing so.
What other business ideas did the speaker's friends implement successfully?
-The speaker's friends have successfully implemented business ideas such as social media marketing, selling books on Amazon, consulting in their fields of expertise, offering services based on their formal education, flipping items in niche markets, and investing in properties for rental or Airbnb.
What advice does the speaker give for someone considering starting a business or side hustle?
-The speaker advises starting with the easiest business idea that also aligns with one's interests. They emphasize the importance of having an entrepreneurial mindset, being prepared for the hard work and energy required, and pursuing passions rather than just focusing on making quick cash.
Outlines
📚 Side Hustles and Business Ventures
The speaker shares their experience with nine different types of businesses and side hustles over the past four years. Two of these ventures led to quitting their job in 2019, allowing them to work full-time on their own projects for over three and a half years. The speaker intends to share these experiences, including both passive and non-passive income streams, starting with their own ventures like creating and selling physical products such as greeting cards, teaching calligraphy workshops, and freelancing their skills. They also discuss the challenges and ease of starting different types of businesses, including finding suppliers for physical products and leveraging personal skills for services.
🚀 Diverse Side Hustle Ideas and Personal Growth
The speaker explores various side hustle ideas they tried, such as delivering food with UberEats, which they did not enjoy due to a dislike for driving and parking. They also mention gig economy opportunities like taxi services and TaskRabbit. After quitting their job, they expanded their calligraphy business into online coaching, helping others start their businesses. They offer advice on starting coaching by offering free beta packages to build confidence and results. The speaker also discusses creating and selling online courses, the slow growth of their YouTube channel, and the establishment of an Etsy shop for digital downloads, which has proven successful. They also mention blogging as a potential income stream, suggesting various monetization strategies.
🌟 Pursuing Passions and Building an Entrepreneurial Mindset
The speaker emphasizes the importance of pursuing passions when starting a business, rather than just focusing on making money, as the work can be long-term and interest is crucial for sustainability. They share personal insights about transitioning from calligraphy to content creation and the importance of stepping stones in career development. The speaker admits that while they love calligraphy, their true passion lies in content creation and sharing their journey. They also discuss the importance of having an entrepreneurial mindset and suggest a video about mindset shifts from employee to entrepreneur for those looking to start a business.
Mindmap
Keywords
💡Side Hustles
💡Passive Income
💡Physical Product
💡Calligraphy Workshops
💡Freelancing
💡Gig Economy
💡Business Coaching
💡YouTube Channel
💡Etsy Shop
💡Blog
💡Entrepreneurial Mindset
Highlights
The speaker has tried nine different kinds of businesses and side hustles in the past four years.
Two of the side hustles led to quitting their job in 2019, and they have been self-employed for three and a half years.
The video shares nine personal business attempts and six additional business ideas from friends that are profitable.
The hustles include both passive and non-passive income streams.
The first personal business was a calligraphy business selling greeting cards.
For physical products, finding a supplier or manufacturer is necessary, unlike handmade items that can be started at home.
Teaching calligraphy workshops is a way to monetize a skill, with the potential to rent a room or partner with a cafe.
Freelancing skills such as photography, video editing, or writing can be a good business start for those with existing expertise.
Delivering food with UberEats was tried as a gig economy side hustle, but not recommended for those who dislike driving.
Business coaching for calligraphers was started after quitting the 9-to-5 job, highlighting the potential of coaching in one's field.
Offering beta coaching packages for free can help build confidence and a client base before charging for services.
Creating and selling online courses, like the Calligraphy Instructor Academy, can be a source of passive income.
Starting a YouTube channel requires patience and consistent effort, with monetization and audience growth taking time.
An Etsy shop is a good platform for selling both digital downloads and physical products with built-in payment systems.
Blogging can be monetized through various methods such as affiliate marketing, ads, or promoting one's own products or services.
Social media marketing as a freelance service is a growing field, helping brands manage their online presence.
Self-publishing books on Amazon can be lucrative for those who understand the market and find a good niche.
Consulting in one's field of expertise, such as non-profit consulting or accounting, can be a viable business option.
Offering services based on formal education, like counseling or therapy, or becoming an accountant, can be profitable.
Flipping items in a market one is knowledgeable about, such as fashion or sports cards, can yield significant profits.
Investing in an Airbnb property or rental property can be a fun and potentially lucrative side business.
Starting a business requires energy and work, and it's important to choose something of interest to sustain long-term commitment.
An entrepreneurial mindset is crucial for starting and growing a business, with mindset shifts aiding the transition from employee to entrepreneur.
Transcripts
in the past four years I've tried nine
different kinds of businesses and like
side gigs side hustles and two of these
side hustles actually brought me to quit
my job in 2019 so I've been doing my own
thing full time for about three and a
half years now if you're thinking of
starting a business this year then keep
watching because I'm gonna share the
nine things I've tried in the past four
years and six other business ideas that
my friends are doing and they are making
money with it the hustles that I share
in this video are going to be a
combination of passive income streams
and also non-passive income streams so
we'll start off with the ones that I've
tried first so the first one I tried was
making a physical product and selling it
so the first thing I ever did was when I
started my calligraphy business I sold
greeting cards I do have another more
in-depth video about how I did that so
if you're interested in selling greeting
cards you can watch that one but at the
beginning when I was thinking about
starting a side business selling
greeting cards was actually the idea
that seemed like the easiest thing for
me to start because I just kind of
wanted to do something so I started off
with greeting cards I have some other
friends who are selling other kinds of
physical products so some examples are
bubble tea holders crochet products
beauty products clothing and for those
ones it's a little bit more difficult to
start because you actually have to find
Like A supplier or like a manufacturer
for those things for me when I started
selling green cards I literally went to
a print shop and just like printed
greeting cards so it really depends like
the the kind of physical product you
want to sell if it's like a handmade
thing obviously it's easier to just
start because you just do it in your own
house but if your passion isn't
something else and you need to look for
a supplier or a manufacturer then it is
a little bit more difficult to start but
but you can totally still do it in the
future I do think I want to sell some
kind of like a journal so I'll probably
have to find like a manufacturer to make
the journals or something like that the
next thing I tried when I was still
working in my nine to five job was
teaching calligraphy workshops so if you
have a skill and other people are
interested in learning it you can
totally host your own workshops I do
have a video about hosting in-person
workshops this one specifically for
calligraphy workshops but I do think
it'll be helpful if you want to host
some kind of creative Workshop maybe a
photography Workshop or a how to plant
things Workshop to start off you can
rent a room or just find a cafe that's
willing to host you and you don't really
need to find like a very formal place to
teach you can basically find your own
place the next side hustle idea is
freelancing a skill you know so that
could be photography video editing
writing articles for me I did on-site
calligraphy and I also offer wedding
calligraphy services and this is a great
way to start a business if you already
have a skill that you know and you don't
have to go out and learn something oh
yeah another thing is like teaching
languages that's another thing so the
next one I tried was actually last year
and I only did this for a month but I
tried delivering food with ubereats and
oh my God it it was such an experience
it was really cool to try it out but I
honestly don't like it because I don't
like driving and I suck at parking but
there are so many of these gig economy
kind of side hustles that you can try
like food delivery taxi services grocery
delivery and taskrabbit after I quit my
job in 2019 I really wanted to take my
calligraphy business from a in-person
kind of business to a more online
business and that's when I started
business coaching so I was specifically
helping calligraphers with starting a
business so if you've already done
something that you know how to do you
can coach other people you can teach
other people how to do the same thing if
you're not really sure if you want to do
this or how you can do this you can
start by offering like a couple of
people free beta coaching packages so I
did this at the beginning when I was I
had like low self-confidence I didn't
know if I could coach people I didn't
know if my advice would be helpful so I
found three people who wanted to start a
calligraphy or an art business and I
coached them for free for like a month
or two you and then like they actually
got results and then I started offering
like pay packages from there you can do
one-on-one coaching you can do group
coaching and then the other thing that a
lot of coaches like to do or a lot of
people who teach things is once you
build an audience you can package your
knowledge into a course so that's also
what I did and I have a course called
the calligraphy instructor Academy which
is a course about how to host a
calligraphy Workshop it's like very very
Niche if you can get a system running or
if you have like a big enough audience
you could just like make passive income
from selling the course for me my
calligraphy instructor Academy course
it's super super Niche and
I don't really sell it passively I wish
it's sold by itself I think it's good
that I tried I know how to create a
course and I think maybe in the future
I'll make another kind of course that
isn't super duper Niche two years ago I
started a YouTube channel and honestly
it has been taking so long to get it off
the ground like I was I made so many
videos and it wasn't until last month
that one of my videos like got bigger
um the whole time I was doing YouTube I
feel like I was just shrugging trudging
Trucking along and the growth has been
like really slow and steady so I would
say if you want to make money YouTube is
not the fastest way but I think if you
have that passion to like share things
with people and you're willing to put in
a lot of time and a lot of energy and
I'm not saying it's going to take you to
like two years it took me like two years
to get to a point where I'm like happy
but you just don't know how long it's
going to take you to get monetized and
to build an audience and of course you
can do you know don't have to be
monetized to make money off YouTube you
can have a YouTube channel and sell your
course or sell your other services your
coaching Consulting but it's really like
a labor of love I think you really need
to want to do YouTube in order to be
consistent and like sustain this because
it is a lot of energy the next business
I started was an Etsy shop and this I
have actually been super duper happy
about it's about two and a half months
in and I'm making like consistent sales
check out these videos if you want to
learn more about my Etsy shop but Etsy
shops are a great way especially if you
sell digital downloads it's more of like
a passive income stream you can
definitely start like an Etsy shop and
sell physical products but starting an
Etsy store is really great because
everything's kind of in one system like
the payment systems and everything and
if you have really good SEO then you
might not even need to do social media
promotion like people can just find your
product through the Etsy search the
other thing I have is a Blog and it's on
my denacolligraphy.com website and that
blog is actually not monetized but you
can definitely monetize a Blog there are
so many people making a full-time income
from blogging and there are several ways
like you could do Affiliates you can do
ads you can use the blog to promote like
a product or service that you offer like
there's so many ways to monetize a Blog
so those are all the things that I have
tried myself and I'll give you some
other ideas and these are business ideas
that my friends or people I know have
actually done and they're successful
doing them so the first one is social
media marketing actually a lot of
friends who do like freelance social
media management like they help
companies or brands or just like other
business owners manage their social
media like the social media calendar
writing captions or like making posts
and also doing like strategy work
another one is selling books on Amazon
so self-publishing books I don't know a
lot about it but I think it can be very
lucrative if you know what you're doing
and if you find a really really good
Niche for Amazon self-publishing so the
next one is Consulting and I have a
couple of friends who are Consulting on
the thing that they used to do when they
were in a job so I do know somebody who
was working in non like the non-profit
sector and then
um she quit her job and then now she's
doing like non-profit Consulting because
she already has that experience and now
she's just she's doing her own thing but
in the same field the next thing is
offering the service you learned in your
formal education so I have one friend
who went to school for
um like it was like a counseling program
or a therapy program and then I have
other friends who are accountants and
they worked at accounting firms or they
worked in like corporate accounting and
they are now taking on their own clients
on the side so like helping people do
their taxes or bookkeeping and stuff
like that next one is flipping things
things that you really really like or
you have a lot of knowledge about so I
have friends who do this in like the
fashion worlds and then also friends who
are doing it in like the sports cards
world I've never done it myself but I
I've heard that you can make a lot of
money I don't know the next thing which
is something I want to do in the future
and hopefully this year that's one of my
goals for this year is to buy an
investment property and like rent it out
just like on a monthly basis or do
Airbnb so I have friends who are doing
this and honestly like I just love the
whole Airbnb idea I really want to like
design a place and like I love meeting
people as well and like helping
Travelers so I think that would be
really really fun and so honestly like I
okay I just gave you like a lot of
different ideas and there's definitely
so many more ways that you can make
money so many different ways so many
like basically
anything that you're interested in there
is a way to make money there are so many
things you could do but when you when
you actually are trying to start up the
thing it actually takes a lot of energy
and so much work just to do one thing so
if you are thinking about starting
something I would say especially if it's
like the first business you're starting
start with what is the easiest but then
also like you should probably have an
interest in it like don't do it just for
the money or because like you're gonna
be doing it for a long time or at least
one or two years and if you're not
interested then you might just like at
the end
not want to do it anymore and pivot
that's kind of what happened with me
um like I I love calligraphy but I knew
it wasn't like the full-time thing that
I wanted to do this is actually the
full-time thing that I want to do is
like content creation and like sharing
my journey and and like the YouTube and
making passive income so the Etsy is
really great but the calligraphy that I
was doing and also the business coaching
I just knew that it was gonna be a
stepping stone to where I really want to
be and I wouldn't have been able to
start my YouTube If I didn't start my
calligraphy side business because with
YouTube like I just I just never thought
I would be a YouTuber because I didn't
have the confidence to be on video and I
didn't really like how I looked but when
I started the calligraphy business I had
to do a lot of I did like a lot of
Instagram stories
with my face in it so I guess I got a
lot of practice and because I did that
so much and then also when I started the
coaching business I I like put myself
out there so much and and like all of
that helped me build up the confidence
to do YouTube so I personally think you
should go after your passions but I do
understand that some of you might need
like Quick Cash
um and that's maybe why you want to
start a side hustle so if it's for quick
cash I would say gig economy or offering
a service that you already know like
video editing or photography or like
teaching something maybe tutoring so
those are the easiest ways if you need
cash immediately when you start any
business yes the business strategy and
picking the right business to start is
really important but it's also super
important to have a entrepreneurial
mindset I do have a video about my
mindset shifts that I made going from
employee to entrepreneurs so check that
out if you want to start a business and
be in the right mindset
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