24 Business and Side Hustle Ideas in 2024 Entrepreneurial Journey

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24 Business and Side Hustle Ideas to Kickstart Your 2024 Entrepreneurial Journey
Business and Side Hustle Ideas

24 Business and Side Hustle Ideas to Kickstart Your 2024 Entrepreneurial Journey

 

Are you eager to start your own business but struggling to come up with a unique, world-changing idea? Don’t worry, you don’t need to reinvent the wheel to achieve success. By putting your own personal spin on an existing, proven business model, you can create a profitable venture that aligns with your passions and interests.

To help you get started, we’ve compiled a list of 24 business and side hustle ideas for 2024. Whether you’re an aspiring Airbnb host, beauty and skincare product creator, bookkeeper, career coach, copywriter, digital marketing consultant, dog walker, drop shipper, food truck owner, franchisee, ghost kitchen operator, handy business owner, health and wellness coach, landscaper, massage therapist, mover, packaged food creator, personal shopper, photographer, podcast producer, real estate investor, rideshare or Uber Eats driver, or virtual assistant, we’ve got you covered with a range of in-demand service and e-commerce options.

Key Takeaways

  • You don’t need to invent something new to achieve business success.
  • By putting your own personal spin on an existing, proven business model, you can create a profitable venture that aligns with your passions and interests.
  • Our list of 24 business and side hustle ideas for 2024 includes a range of in-demand service and e-commerce options for aspiring entrepreneurs.
24 Business and Side Hustle Ideas to Kickstart Your 2024 Entrepreneurial Journey

Airbnb Host

If you enjoy meeting new people and creating a cozy atmosphere, becoming an Airbnb host can be a great way to earn extra income. You can start with as little as $2,000 and operate from home, making it a flexible part-time option. There are no franchise opportunities available, but you can easily start an online operation. Airbnb has helped millions of users generate additional income, pay off mortgages, and create unforgettable experiences for travelers.

To get started, you can turn a spare room or secondary vacation property into a reliable stream of income. With Airbnb, you can quickly earn cash or create a long-term source of recurring revenue. Learn how to start your own Airbnb business and become the hostess with the most money.

Beauty and Skincare Products

Beauty and Skincare Products

Looking to start a business in the beauty and skincare industry? With a compound annual growth rate of 7.1% through 2027, the cosmetic skin care market is estimated to be worth over $56 billion globally. If you’re a beauty enthusiast committed to using clean ingredients and sustainable packaging, this could be the perfect opportunity for you.

Starting a skincare line can be operated from home, making it a great part-time option. With startup costs of $10,000 or more, franchises are also available for those looking to invest in an established brand. An online operation is also possible, making it easy to reach a wider customer base.

When starting your own skincare line, it’s important to focus on clean ingredients and sustainable packaging. This will appeal to the growing number of consumers who are conscious about what they put on their bodies. Consider offering a variety of products, such as cleansers, moisturizers, and serums, to cater to different skin types and concerns.

Bookkeeper

Bookkeeper

If you have a talent for working with numbers, starting a bookkeeping or accounting service could be a lucrative venture. You can work from home and offer your services to businesses of all sizes. The startup costs range from $2,000 to $10,000, and the business can be operated part-time. Franchise opportunities are available, and the business can also be operated online. With your number-crunching skills, you could help businesses keep their financial records in order and earn big bucks. Learn how to start your bookkeeping business here.

Career Coach

Career Coach

If people tend to come to you for advice and you can see the big picture, then your leadership skills and job experience could be the foundation of a lucrative career-coaching side hustle. With a potential client base ranging from recent graduates to veteran executives, a career coach can help individuals find a job that brings them a better paycheck and more personal fulfillment.

To start a career coaching business, you will need to be a good listener and understand the markets your clients are operating in. A background in counseling, psychology, or human resources could also serve you well. In addition to long-term clients, you could offer one-off consultations, give paid speaking engagements, and create content around the topic.

The startup costs for a career coaching business range from $2,000 to $10,000, and the business can be operated from home. This is a part-time option, and the business can be operated online. Franchises are not available for this business.

To learn more about how to start your own career coaching business, check out this resource.

Overall, starting a career coaching business can be a fulfilling and profitable side hustle for those with the necessary skills and experience.

Copywriter

Copywriter

If you have a talent for writing and want to start your own business, then copywriting may be the perfect fit for you. As a copywriter, you will be responsible for writing engaging and persuasive content for various mediums such as blogs, websites, advertisements, packaging, marketing brochures, product descriptions, press releases, and more.

One of the biggest advantages of starting a copywriting business is that it can be operated from home, making it a great option for those who are looking for a part-time opportunity. The startup costs for a copywriting business range from $2,000 to $10,000, depending on the equipment and software needed.

The demand for copywriting services remains high, as most business owners lack the skills, time, or interest in preparing highly effective copy. Successful copywriters often build long-term relationships with a handful of large clients, and gigs can be found on sites like Upwork and Fiverr.

Copywriting fees greatly vary depending on the type and scope of the project. To become a successful copywriter, you will need to be able to get the client’s message across, have a knack for building excitement and interest in your reader, and motivate people to take action.

If you are interested in starting your own copywriting business, there are resources available to help you get started. Learn how to start your own copywriting business here.

Digital Marketing Consultant

Digital Marketing Consultant

Marketing is essential for businesses to survive, and high-quality marketing consultants are in high demand. As a digital marketing consultant, you can offer a wide range of services, including developing marketing plans, establishing marketing budgets, hiring and training salespeople, and developing advertising, telemarketing, and direct marketing programs to meet each client’s needs and budget. You can also help businesses expand into new markets and even new countries, as well as build new distribution channels and profit centers.

Starting a digital marketing consulting business can be done from home, and there is a part-time option available. The startup costs range from $2,000 to $10,000, and there are no franchises available. You can operate your business online, but it is not required.

To succeed as a digital marketing consultant, it is essential to stay up-to-date with the latest marketing trends and technologies. You should also have excellent communication and interpersonal skills to build strong relationships with clients and team members.

Dog Walker

Dog Walker

Starting a dog walking business can be a great way to get paid while spending time with furry friends. With more than 23 million American households adopting pets during the pandemic, there is a growing demand for dog walkers. You can operate this business from home, with startup costs under $2,000, making it an affordable option. It’s also possible to run this business part-time, making it a flexible option for those with other commitments. According to the New York Times, some dog walkers have built six-figure businesses in recent years.

If you’re interested in starting your own dog-walking business, there are several resources available online. You can learn how to get started and how to market your services. Additionally, there are franchises available for those who want to start a dog-walking business with an established brand.

Dropshipping

Dropshipping

If you’re looking for a low-cost, home-based, and online business, dropshipping might be the perfect fit. With startup costs under $2,000, you can operate a business without manufacturing and requiring warehouses for inventory. Dropshipping allows you to utilize third parties that create products, store inventory, and fulfill orders. As a drop shipper, all you need to do is curate cool stuff and get it in front of the right buyers.

With the option for part-time work and available franchises, dropshipping is a flexible business opportunity. You can run your business from home and utilize online platforms to reach customers. Learn how to start your own dropshipping business and turn your eye for finding fabulous stuff on the internet into a profitable side hustle.

Food Truck

If you’re interested in starting a food business but find the cost of opening a brick-and-mortar joint too high, a food truck may be a great option. Not only is it a satisfying way to spend your working days, but it’s also a great way to make money. According to Grand View Research, the food truck industry is a $1.2 billion industry that is expected to grow by 6.4% in the coming decade. Moreover, food trucks are a part-time option for those who want to start a business without quitting their day job. While the startup costs for a food truck can be high, franchising is an option.

Franchisee

Franchising is an ideal option for those who want to become business owners without starting from scratch. The initial investment for a franchise business can range from $50,000 and up, but the benefits are extensive. You can operate a franchise from home, and even choose to work part-time. Franchising offers a wide range of industries to choose from and guarantees a proven roadmap to success, extensive corporate support, and instant brand recognition. With thousands of choices available, you can find a franchise that perfectly matches your skills, passions, and budget. You can even operate a franchise online. If you’re ready to take charge as the boss, learn how to own your own franchise.

Ghost Kitchen

If you’re looking to start a food business without investing in a physical restaurant, a ghost kitchen might be right up your alley. Ghost kitchens are virtual restaurants that operate without a storefront or dining room, and are designed to cater to the delivery market. You can either create your own virtual restaurant or work with an existing one. With a ghost kitchen, you can cater to multiple cravings and cuisines from one kitchen space.

The startup costs for a ghost kitchen range from $10,000 to $50,000, and it is possible to operate part-time. However, ghost kitchens are not home-based and franchises are not available. Ghost kitchens offer a unique opportunity to enter the food industry with minimal overhead costs, and the potential for high profits. Learn more about starting your own ghost kitchen here.

Handy Business

Starting a handy business is a great way to turn your skills into a lucrative business. With a national shortage of skilled workers, many people are struggling to find reliable help for smaller jobs. If you are handy with a hammer and have a variety of skills such as painting, hanging shelves, and solving minor plumbing issues, setting yourself up as an all-around fix-it person is a surefire way to build a successful business quickly.

The startup costs for a handy business range from $2,000 to $10,000, making it an affordable option for those looking to start a business. While it is not a home-based business, it is a part-time option that can be done on the weekends or after work. Franchises are also available for those who want to take advantage of an established brand.

To learn how to start your own handy business, there are resources available online. You can also seek advice from other successful handymen or handywomen. With the right skills, tools, and attitude, you can turn your handy skills into a profitable business.

Health and Wellness Coach

If you have a passion for wellness and want to help people transform their health and happiness, starting a health and wellness coaching business may be a great option for you. With startup costs under $2,000 and the ability to operate from home, this business can be started part-time and even franchised. According to MarketResearch.com, the pandemic’s impact on our lives and mental well-being has made health coaching a booming $7 billion service market. You don’t need a fancy medical license to get started, just an understanding of the simple choices that can transform people’s health. Consider learning how to start your own health and wellness coaching business today.

Landscaping

If you have a green thumb and love spending time outdoors, starting a landscaping business might be the perfect opportunity for you. With the growing trend of beautifying homes, the landscaping industry has seen steady growth over the past few years. From lawn mowing to leaf collection to planting, there are no shortages of earning possibilities for landscapers of all skill and certification levels.

Startup costs for a landscaping business will vary depending on what you already have in terms of equipment and a vehicle. However, the initial investment can be as low as $1,000. Additionally, there are franchise opportunities available for those who want to start a landscaping business with the backing of an established brand.

While a home-based operation is not possible, part-time options are available. Starting a landscaping business requires physical labor, but it can be a rewarding career for those who enjoy working outdoors and have a passion for creating beautiful outdoor spaces.

Massage Therapist

In today’s stress-filled world, therapeutic massages are in high demand. As a massage therapist, you can operate your business from home, making it a convenient option for anyone looking for a part-time job. Certification is required, and you can check out the American Massage Therapy Association for details. The startup costs are relatively low, ranging from $2,000 to $10,000. You can go mobile and see clients at their homes or offices with your massage table, soothing oils, and restful music in tow. With proper permits, you can set up your business on the beach, at shopping malls, or inside local health clubs. You can also consider franchising options available in the market.

If you’re interested in starting your own massage therapy business, you can learn more about it from here.

Mover

If you’re looking for a physically demanding and lucrative business, starting your own moving company could be the perfect fit for you. With residential or commercial moving rates ranging from $60 to $90 per hour for two movers and a truck, there is a great potential for profits. By hiring additional help to handle more jobs and increase your billable hours, you can take your profits to new heights.

Offering extra services like packing and unpacking, as well as supplying cardboard boxes, garment boxes, tape, and bubble wrap, can bring in even more revenue and boost your bottom line. However, keep in mind that starting a moving company requires a significant initial investment. Startup costs typically range from $10,000 to $50,000, which may require you to seek out financing options.

While there are franchises available, starting your own independent moving company gives you the freedom to operate on your own terms. Keep in mind that this is a physically demanding business that requires a strong back, or the ability to hire people with one. Overall, starting a moving company can be a profitable venture for those willing to put in the effort and hard work.

Packaged Food

Looking to start a business that satisfies the hunger of consumers constantly on the lookout for fresh, innovative, and healthier food choices? The packaged food industry is a promising option with a projected compound annual growth rate (CAGR) of 4.8% from 2022 to 2030, according to Grand View Research. In 2021, the U.S. packaged food market hit a whopping value of $1.03 trillion.

Over the past two decades, the industry has undergone a remarkable transformation, shifting away from the dominance of food behemoths and embracing the offerings of enterprising individuals. Ethan Brown’s Beyond Meat is a prime example of a trailblazing company that created plant-based meat alternatives and revolutionized the food industry. Established in 2009, it has even taken the plunge into the stock market. It’s proof that entrepreneurs always have the power to enhance existing products or create new culinary marvels that revolutionize our diets.

Starting a packaged food business requires a startup cost of $10,000 to $50,000, and it can be operated from home with a part-time option. Franchises are not available, but online operation is possible.

Here are some tips to get started:

  • Identify your target market and niche, and research their preferences and needs.
  • Develop a unique product that stands out from competitors and satisfies the needs of your target market.
  • Create a brand that resonates with your target market and communicates your unique selling proposition.
  • Determine your distribution channels and develop a marketing strategy that reaches your target market effectively.
  • Ensure that your product complies with food safety regulations and obtain the necessary licenses and permits.

With the right approach, a packaged food business can be a fulfilling and profitable venture.

Personal Shopper

If you have a passion for shopping and enjoy networking with people, you can turn your love for shopping into a profitable business. As a personal shopper, you can help clients select gifts for special occasions such as holidays, weddings, birthdays, and anniversaries. You can also assist interior designers and collectors in finding hidden treasures at flea markets, consignment shops, antique stores, and garage sales. Even corporations rely on personal shoppers to find the perfect gifts for their customers, prospects, business partners, investors, employees, and executives. They also need help sourcing products for gift bag giveaways at special events, ceremonies, and seminars.

Starting a personal shopper business requires less than $2,000 in startup costs and can be operated from home. It is also possible to operate it on a part-time basis. Franchises are available, or you can choose to start your own online operation. To succeed as a personal shopper, you need a creative mindset, excellent communication and networking skills, and a passion for shopping.

To learn more about how to start your own personal shopper business, click here.

Photographer

In today’s digital world, there is a growing demand for high-quality photography. From social media videos to product shots to blog posts, publishers, creators, copywriters, marketers, and designers are constantly searching for the perfect image to sell their products or stories. If you have an eye for capturing the perfect moment or finding the ideal angle, you can turn your talent into a lucrative venture.

Starting a photography business can cost anywhere from $2,000 to $10,000, but it can be operated from home and can be done part-time. Franchises are also available, and you can even operate your business online. Consider investing in high-quality equipment and building a portfolio to showcase your work. You can also specialize in a particular type of photography, such as weddings, events, or portraits.

Learn more about starting your own photography business and take advantage of the insatiable need for top-notch photography in today’s digital age.

Podcast Producer

Are you interested in creating audio content that can reach millions of people? According to Statista, over 100 million Americans will be listening to at least one podcast by 2024. With more than five million podcasts globally and over 70 million episodes, the podcast industry is in constant need of talented individuals who can produce, market, sell ads, and book guests for shows.

As a podcast producer, you have the flexibility to operate from home, with part-time options available. Moreover, starting your own podcast production business is affordable, with startup costs under $2,000. Franchise opportunities are also available, and you can operate your business online.

To succeed as a podcast producer, you need to have a passion for audio production, strong marketing skills, and the ability to create engaging content that resonates with your audience. With the right skills and dedication, you can turn your passion into a profitable business.

Real Estate Investor

Investing in real estate is often seen as requiring a lot of money, but that is not always the case. According to Entrepreneur contributor Michael Ligon, you can start with just $5,000. Real estate investing can be operated from home, and there are part-time options available. Additionally, franchises are available, and you can even operate an online real estate business. Learning how to start your own real estate investing business is important to ensure success. With the right knowledge and resources, you can become a successful real estate investor without breaking the bank.

Rideshare Driver

If you have a car and are looking for a way to make some extra cash, becoming a rideshare driver may be the perfect option for you. With startup costs ranging from $10,000 to $50,000 and franchises available, it’s a viable option for many.

One of the biggest benefits of being a rideshare driver is the flexibility it offers. As a driver, you can work whenever you want, making it easy to fit into your schedule. With just a click of a button, you can toggle your availability on and off, ensuring that you can earn money whenever you have free time.

While it’s not a home-based or online operation, it is a part-time option, making it a great choice for those who want to earn extra cash without committing to a full-time job. So, if you have a car and some spare time, consider becoming a rideshare driver.

Uber Eats Driver

Uber Eats is one of the leading players in the food delivery industry, competing against companies like DoorDash and Postmates. If you’re looking to make some extra cash during off hours, becoming an Uber Eats driver can be a great option. Startup costs are under $2,000, and part-time options are available.

Unfortunately, franchises are not available, and the operation is not home-based or online. To learn how to become an Uber Eats driver, visit their website. Expect to earn a decent amount of money as a delivery driver for the company.

Virtual Assistant

As a virtual assistant, you can provide administrative support to busy entrepreneurs from the comfort of your own home. This online business idea requires startup costs under $2,000 and can be operated part-time. Virtual assistants help with tasks such as scheduling, research, and bookkeeping, freeing up time for business leaders to focus on more important matters.

If you have specialized skills and experience in areas such as writing, web design, and project management, you can offer additional services to clients. To get started, learn how to start your own virtual assistant business. With your highly organized and multitasking abilities, you can be a hero to overworked and over-stressed entrepreneurs around the world.

Read More: Top 15 Business Ideas for Entrepreneurs in 2024

Read More: Top Side Hustle Ideas for Extra Cash in 2024

Frequently Asked Questions

What are some of the most profitable online side hustles available in 2024?

Many online side hustles can generate high earnings. Some of the most profitable ones include:

  • Affiliate marketing
  • Online tutoring or teaching
  • E-commerce
  • Social media management
  • Content creation (blogging, vlogging, podcasting)
  • Virtual bookkeeping or accounting
  • Web development or design

How can you legally make money through part-time side hustles?

There are many legal ways to make money through side hustles. Some of the most common ways include:

  • Registering your business and obtaining the necessary licenses and permits
  • Paying taxes on your earnings
  • Following the terms and conditions of the platforms you use for your side hustle (e.g. not violating copyright laws)

What are some side hustles that can be started with little to no investment?

If you’re looking to start a side hustle without investing a lot of money upfront, consider these options:

  • Online surveys or focus groups
  • Freelance writing or editing
  • Pet-sitting or dog-walking
  • Delivery services (e.g. Uber Eats, DoorDash)
  • Social media influencer marketing
  • Renting out a spare room on Airbnb

Which side hustles offer the convenience of working from home and have the potential for high earnings?

Many side hustles offer the convenience of working from home while also having the potential for high earnings. Some of these side hustles include:

  • Virtual bookkeeping or accounting
  • Web development or design
  • Content creation (blogging, vlogging, podcasting)
  • Online tutoring or teaching
  • Social media management
  • Affiliate marketing

How can individuals generate a steady income of $3000 per month through side hustles?

Generating a steady income of $3000 monthly through side hustles requires dedication and hard work. Here are some ways to achieve this goal:

  • Consider combining multiple side hustles to increase your earnings
  • Focus on side hustles that offer high hourly rates or commissions
  • Invest time in building a strong online presence to attract more clients or customers
  • Work with platforms that offer consistent work opportunities (e.g. Fiverr, Upwork)

What are the emerging side hustles in 2024 that pay out on a weekly or daily basis?

Emerging side hustles that pay out on a weekly or daily basis include:

  • Gig economy jobs (e.g. Uber, Lyft, Postmates)
  • Microtasking (e.g. Amazon Mechanical Turk, TaskRabbit)
  • Online tutoring or teaching
  • Virtual bookkeeping or accounting
  • Social media management

Remember, while these side hustles may offer quick payouts, they may not always offer high earnings in the long run. It’s important to consider your goals and priorities when choosing a side hustle.

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