5 Side Business Ideas That You Can Start Immediately

These days, side hustles are becoming pretty popular. Everyone is tired of being limited by a single wage that only increases a tiny bit every few years. Oh, forget that! It's time to start making some money on the side so you can start living on your terms.

The first obstacle that everyone encounters when starting a side hustle is the idea. There have been a lot of articles published with "business ideas you can start this weekend." The problem is, these "business ideas" consist of things like delivering groceries, babysitting, getting a minimum wage job or even becoming a barber (I didn't know that was a real suggestion). These are all incredibly lame options! If that's what you've been looking for then this isn't the right post for you. However, if you're looking for a business idea that: you can start Maximizing your income immediately: time ratio Has the potential to replace your full-time job. This is definitely the article for you.

Each of the business ideas below has been proven to bring in at least $100,000 annually in addition to meeting all of the above criteria. I will also put you in touch with an "expert" in the field who has all the information you need to get started.

1. Create an Instagram Account

Forget about Facebook and Twitter. If you want to build a brand of social media, Instagram is the place to be. The platform has 500 million active monthly users, but the real kicker is that the average post engagement is 57x higher than on Facebook and 120x higher than on Twitter! We've all dreamed of following a massive social media and you think it's actually much easier to achieve that. There are plenty of automated tools to help you grow, all you need to do is post consistently (that's how I built my Instagram account to > 10,000 users in three months!). Once you're large enough, you can start charging for shouting outs, product promotions, etc. and driving traffic to a blog or email list. Start Cost: FREE!

Also Read: Earn Money from Advertise on Your Website

2. Drop Shipping

Drop shipping is an eCommerce model where you buy products from a supplier who ships the items directly to your customer. This is ideal because it mitigates the age-old problem of sinking $5,000 in your first batch of inventory that may end up collecting dust in your garage (when you eat the cost). Instead, you list the inventory of your supplier on your site and when an order rolls in, they handle all the shipping and logistics while collecting the profits. The best part of it? To get started, you don't need any coding, shopping or eCommerce experience! Cost To Start: ~$80 (for web hosting and a top eCommerce site theme.

3. Online Courses

The online learning industry hit $107 billion last year. That's billions with a B. Tons of 9-5ers realize they have unique sets of skills that other people want to learn. Getting started is also simple, all you need is a copy of Powerpoint, a pair of headphones with a microphone and some screen recording software. Then you can either drop your course on Udemy or you can build your own website and save the royalty fees! People like you make from $3,000 to $120,000+ off their first course launch anywhere (check out David's testimonials through the link below). Cost to Start: ~$200 (software for a domain, hosting and online course)

Also Read: How to Make Money from Video Blogs?

4. Affiliate Marketing

Let's say your friend has a product. They want to sell a million units on their website, but there is one small problem... They have ZERO's idea of how to market online. Being the digital marketing guru that you are, you offer to help drive traffic to the product of your friend on the condition that he pays you 2 percent of each sale that you influence. That's the marketing of affiliates. It is a MASSIVE industry which means that there is bound to be a niche that fits your knowledge base and skill set. Also, you are not limited to marketing for one product. In fact, the more products you market, the more money you make! It's also extremely fun because it allows you to be super creative. You can arbitrate clicks from Google AdWords campaigns, work on building your own audience, and include the products in your newsletter, or you can join an affiliate network and do a lot of hard work for you! There are endless possibilities. Cost To Start: ~$100 (depending on your marketing strategy, but most likely you'll need a website, a theme and some hosting)

5. Freelancing

Ahh, the wonderful freelancing world. Freelancing is a bit different from many of the other options here, but it's just as lucrative and there are many different ways to do it. You can make money freelancing if you have a specific skill that you excel at. And I'm not just taking coding here. You can earn money by formatting Kindle books, as a photographer, as a copy writer, as a virtual assistant, or even playing Pokemon Go!. If sales and marketing are not your strength, you can use a platform like Upwork or Freelancer.com that already has large active audiences looking for your skills. The kicker there is that these platforms tend to cut your fees significantly. If you want to keep 100 percent of your dough, you can handle the sales process yourself and start by reaching out to local businesses or focusing on a specific niche. Freelancing allows you to become what career expert JT O'Donnell calls an "instant entrepreneur." You have the ability to make money quickly, you pick and choose your projects, and you can hone a skill set that you may not use on a regular basis. It's a huge win - win. Start Cost: Free!