6 Side Hustle or Business Ideas to Thrive Financially

As a business growth consultant, I'm always on the lookout for opportunities that entrepreneurs can leverage to succeed. When the year just started, i created a content ”3 Small Business That you can Call Side Hustle”  and within the last 6 months i have since witnessed the growth and start up of new businesses. With the second half of 2024 around the corner, it's time to explore new business ideas that can help you thrive in the remaining year. In this post, I'll share five business ideas that have high potential and also provide insights on how to make them work.

1. E-commerce Store for Sustainable Products

The demand for eco-friendly products is on the rise, and starting an e-commerce store catering to this niche can be a smart move. It can be cost effective but would definitely start rolling in money when you do the right thing. I’ve had my share of experience with creating an e-commerce platform and i will tell you for free that it is capital intensive and at the same time financially rewarding. Partner with suppliers/vendors offering sustainable products, utilize social media and influencer marketing for brand awareness, and focus on providing exceptional customer service, then you are good to go.

 

2. Virtual Event Planning and Management

The shift to virtual events and conferences is becoming more pronounced. During covid-19, there were series of events that were held virtually, from weddings to birthdays and even obituaries (Service of Songs) were held virtually. Although we’ve passed that phase but it is still preferred by some organisations and individuals with events participants being far from each other or proposed venue. If you are a media personnel, this is a plus for you. Offer end-to-end event planning and management services, utilize digital marketing and networking to attract clients, and focus on creating memorable virtual experiences.

 

3. Digital Marketing Agency for Small Businesses

Many small businesses need help navigating the digital landscape. This is where Skitek Media function presently and you can join in this as well, we can guide you and make you independent with running your own business. What you’ll be doing: Offer affordable and tailored marketing services, focus on ROI-driven strategies for client success, and build a strong online presence to attract clients. As simple as it sounds you will need to give it your best.

 

4. Tutoring Services for Young and Old

If you are an expert in a particular field academically or any skill, why not engage yourself with teaching others. It is in teaching others you gain mastery. Imagine gaining mastery and earning money at the same time. Offer specialized tutoring services for individuals of all ages. For young people, focus on subjects like math, science, and language arts. For older individuals, offer skills like technology, language learning, and creative pursuits. Utilize online platforms for remote tutoring and build a network of qualified tutors.

 

5. Beddings and Interior Business

The home decor market is growing rapidly. People give more attention to how their home look, they want to spend less and look expensive at the same time, that’s where you come in. No matter where you go with work, you’ll definitely come back home to one particular spot “Your Bed.” The amount of sleep you get during the night affects how functional you will be during the day. So, this has also increased the demand for beddings set. With all indication, starting a beddings and interior business can be a lucrative venture. Offer a wide range of bedding sets, curtains, and interior decor items, utilize social media and influencer marketing for brand awareness, and focus on providing exceptional customer service. You can make even faster profit from selling in whole sale, fine a good wholesale vendor, as always i will recommend "My Beddings and Interior", you can find them on Instagram and start earning fast.

6. Beauty and Makeup Business

The beauty industry is booming fast, you will be amazed how much you can earn from being a make up artist especially now that ladies give more attention to how they look. You get to work with individuals and even on movie sets. The need for this service is enormous. So, starting a beauty and makeup business can be a great opportunity. Offer a range of beauty and makeup services, you can also choose to sell make up products as well, utilize social media and influencer marketing for brand awareness, and focus on providing exceptional customer service. You can also offer online courses and tutorials, and partner with beauty brands for collaborations. If you are new to make up and you want to up your game, you can visit @KJ'S Glam on Instagram. They are presently running a Promo on training. You can take advantage of this opportunity to starting your own beauty and make up business.

 

Conclusion:

In starting any business, my personally advice would be to;

1.            Conduct a thorough market research and analysis

2.            Develop a solid business plan and financial projections

3.            Focus on building a strong online presence and brand

4.            Network and collaborate with industry experts and partners

5.            Continuously evaluate and adapt to market trends and customer needs

 

In general, These business ideas have potential for growth and success in the second half of 2024. Remember to stay flexible and adapt to market changes as you plan to start your journey as an entrepreneur.

 

What business idea resonates with you the most? Share your thoughts in the comments below!