Despite the economic uncertainty of the past 12 months, good news is on the horizon. Many sectors of the economy are reopening, and an invigorated creator economy<\/strong> is ushering in a wealth of new opportunities for entrepreneurs.<\/p>

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WHAT'S INSIDE<\/p>\nToggle<\/span>
Founder of popular personal finance blog CollectingCents shares a few side-cash secrets<\/a>
#1 English Tutor<\/a><\/li>
#2 Content Creator<\/a><\/li>
#3 Real Estate Investor<\/a><\/li>
#4 Stock Market Investor<\/a><\/li>
#5 Online Coach<\/a><\/li>
#6 Personal Trainer<\/a><\/li>
#7 Event Planner<\/a><\/li>
#8 Ecommerce Store Owner<\/a><\/li>
#9 Side Hustler<\/a><\/li><\/ul><\/li>
Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n
It\u2019s a great time to put that business idea into action. <\/p>\n\n\n\n
Whether it\u2019s a side or a full-time business, there are plenty of businesses and jobs that don\u2019t require a ton of startup capital to get going. In this article, I\u2019ll give you 9 examples of how to start a business on a budget. <\/p>\n\n\n\n
Let\u2019s begin!<\/p>\n\n\n\n
<\/span>#1 English Tutor<\/span><\/h3>\n\n\n\n
Even if you feel talentless or unskilled, you still have one ability that 1.5 billion people<\/a> are trying to learn: speaking English. There are a plethora of online platforms that let everyday English-speaking people offer tutoring services to those trying to learn.<\/p>\n\n\n\n
Some sites \u2013 such as Verbling \u2013 require you to have certification, training, or a degree. But others\u2013 like italki or Preply \u2013 only require that you\u2019re fluent.<\/p>\n\n\n\n
Better yet, if you want to be your own boss or already have clients interested in signing up with you, you could create a website of your own with a membership portal<\/a> clients can use to access your services. <\/p>\n\n\n\n
You could even sell English courses<\/a>, worksheets, grammar practice, videos explaining key concepts, and so on.<\/p>\n\n\n\n
When applying to become a tutor, you\u2019ll need to have a professional-looking headshot, a short bio, and a short video. In the video, you\u2019ll simply introduce yourself and explain what students can expect when booking a lesson with you.<\/p>\n\n\n\n
Most intermediate and advanced students simply want a native speaker to chat with them so they can practice their conversation skills, which is why there\u2019s no need for you to know a foreign language.<\/p>\n\n\n\n
<\/span>#2 Content Creator<\/span><\/h3>\n\n\n\n
The term \u201ccontent creator\u201d gets thrown around a lot, and it\u2019s likely not the title you\u2019d give yourself. But the reason it\u2019s made it on the list is that there\u2019s a variety of content types for you to create, many of which are lucrative right now.<\/p>\n\n\n\n
A few examples of \u201ccontent creators\u201d are:<\/p>\n\n\n\n
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Bloggers<\/li>\n\n\n\n
YouTubers<\/li>\n\n\n\n
Social media influencers<\/li>\n\n\n\n
Podcasters<\/li>\n\n\n\n
Graphic designers<\/li>\n\n\n\n
Copywriters<\/li>\n\n\n\n
Editors<\/li>\n\n\n\n
Journalists<\/li>\n<\/ul>\n\n\n\n
Knowing how to create content isn\u2019t a prerequisite to entering the field, as it\u2019s easy to learn online. Plus the more you create, the more you\u2019ll improve. All you need is a passion for the niche you choose and knowledge of how to research.<\/p>\n\n\n\n
Once you create the right content, you could create a course that covers a few chapters and make it accessible to paying clients by starting a membership site<\/a> of your own. Here are some examples:<\/p>\n\n\n\n
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If you\u2019re a gym instructor, you could create an at-home video tutorial for workouts<\/a>. Clients who want to pay could go through your membership portal and access your content.<\/li>\n\n\n\n
If you are a lawyer, you could create templates for legal agreements that people could pay for. Mariam Tsaturyan<\/a> does this by creating a VIP membership vault that allows only paying customers to access the courses\/ templates they buy.<\/li>\n<\/ol>\n\n\n\n
$\"Mariam$ <\/a><\/figure>\n\n\n\n
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Heepsy does something similar with their platform. They have a portal<\/a> that allows users to take a look at all of the different content creators they can partner with.<\/li>\n<\/ol>\n\n\n\n
$\"Heepsy$ <\/a><\/figure>\n\n\n\n
<\/span>#3 Real Estate Investor<\/span><\/h3>\n\n\n\n
Investing is a superb way to earn passive income, making it not just a lucrative career, but also an excellent side hustle.<\/p>\n\n\n\n
Real estate is one of the most popular markets investors place their money in nowadays. Like all other kinds of investments, it requires a bit of time and money at first, but once it starts returning a profit, you can have thousands of dollars flowing into your bank account overnight.<\/p>\n\n\n\n
There are several options for real estate investments:<\/p>\n\n\n\n
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Buying and selling houses<\/li>\n\n\n\n
Buying and \u201cflipping\u201d (or, remodeling) houses<\/li>\n\n\n\n
Becoming a landlord (buying and renting out houses to tenants)<\/li>\n\n\n\n
Renting out homes (or even your own) on platforms like Airbnb<\/li>\n\n\n\n
And more<\/li>\n<\/ul>\n\n\n\n
Depending on the type of real estate you plan to invest in, the startup cost can be rather high. Plus, filling houses with tenants can be a risky process, as you\u2019ll have to pay for any maintenance costs if needed.<\/p>\n\n\n\n
When starting out, be sure to establish clear guidelines for your tenants and take them through a rigorous screening process. Having a bad tenant can be more expensive than a vacant property.<\/p>\n\n\n\n
<\/span>#4 Stock Market Investor<\/span><\/h3>\n\n\n\n
Stocks and bonds are another common form of investment. Unlike real estate, stock investing requires as much money as you want when it comes to startup costs. In fact, you can even get started with as little as $1.<\/p>\n\n\n\n
Putting your money in the stock market can be done in a variety of ways. For example, you can use a financial advisor and investment services from companies like Edward Jones, or you can use platforms like Robinhood and Webull<\/a> to make all the decisions yourself.<\/p>\n\n\n\n
You can also choose between multiple investment types (or choose all of them)\u2014stocks, bonds, cryptocurrency, options, among others. However, the two most popular types are stocks<\/strong> and bonds<\/strong>.<\/p>\n\n\n\n
Stocks are riskier than bonds, as they\u2019re more volatile. However, that also means they typically give you a faster and higher ROI. Bonds, on the other hand, are less risky and take longer to yield results, but they\u2019re perfect for long-term wealth building.<\/p>\n\n\n\n
Last but not least, you can also become a career day trader<\/strong>\u2014perhaps the riskiest option.<\/p>\n\n\n\n
Unlike regular investors, day traders use short-term strategies in the stock market. The job description is in the title \u2013 they buy and sell stocks within the same day, instead of holding onto them for years.<\/p>\n\n\n\n
Of course, day trading means you can make a profit faster, but that also means you\u2019re more likely to lose money a few times, too.<\/p>\n\n\n\n
Like most other skills, you can learn how to invest in stocks, bonds, and day trading through books, blog posts, and even YouTube videos.<\/p>\n\n\n\n
$\"Stocks,$ <\/a><\/figure>\n\n\n\n
<\/span>#5 Online Coach<\/span><\/h3>\n\n\n\n
Whether you\u2019re an expert at mountain climbing or a cooking connoisseur, there are tons of people attempting to acquire the skills you already possess. And there\u2019s no better place to learn them than the internet.<\/p>\n\n\n\n
For that reason, the internet is also the best place to teach<\/em> them.<\/p>\n\n\n\n
Starting your own coaching business \u2013 whether you\u2019re a life coach, relationship coach, or an athletic coach \u2013 is as simple as setting up a website and networking with the right people, or creating an online<\/a> course.<\/p>\n\n\n\n
When it comes to building a customer base fast, launching an online course is probably the easiest route. You can film your course over a weekend, upload it to a third-party platform like Teachable, Udemy<\/a>, or Skillshare, and then simply market it through a Facebook ad campaign.<\/p>\n\n\n\n
But third-party platforms mean third-party fees (sometimes as high as 50%). <\/p>\n\n\n\n
This is where CoachKit <\/strong>comes into play. With CoachKit, you have the power to create your own online course platform<\/a>, retaining full control over your content and revenue. No more hefty third-party fees!<\/p>\n\n\n\n
\n\n $\"CoachKit$ <\/a>\n<\/div><\/div>\n\n\n\n\n
Furthermore, a CoachKit-powered membership site<\/a> offers you the capability to not only sell your courses online but also efficiently handle payment processing. As you continue to grow your client base and deliver valuable content, you\u2019ll notice the steady flow of passive income.<\/p>\n\n\n\n
Last but not least, you can easily integrate an affiliate marketing program<\/a> to expand your reach and boost your income further.<\/p>\n\n\n\n
The method for customer acquisition that you narrow down on will also depend on what industry you are in<\/a>, your ideal customer\u2019s persona, and the general pricing of your products.<\/p>\n\n\n\n
<\/span>#6 Personal Trainer<\/span><\/h3>\n\n\n\n
If you like the idea of being self-employed but also enjoy physical meetings with your clients, then an in-person career option like personal training might suit your fancy.<\/p>\n\n\n\n
Or, if you\u2019re a fitness guru and would rather run your fitness business online<\/a>, you also have the option of being a virtual personal trainer.<\/p>\n\n\n\n
There are countless trainers who take on clients from around the country (or world) by having online chat sessions, communicating by email, creating a customized plan, and delivering it electronically.<\/p>\n\n\n\n
Again, in this scenario, CoachKit <\/strong><\/a>would serve as an excellent program platform to streamline your virtual personal training business.<\/p>\n\n\n\n
And of course, there\u2019s always the option of staying local and meeting your clients at the gym.<\/p>\n\n\n\n
To become a personal trainer, all you need is a high school degree or GED, the cardiopulmonary resuscitation (CPR) certification, automated external defibrillator (AED) certification, and pass the NASM Personal Trainer Certification Exam<\/a>.<\/p>\n\n\n\n
If you don\u2019t have CPR or AED certification, they\u2019re easy to get. Simply use your local Red Cross and receive them before taking the exam.<\/p>\n\n\n\n
$\"Personal$ <\/a><\/figure>\n\n\n\n
As we discussed earlier, this business is pretty expandable. You could coach multiple clients online, create online<\/a> courses, workout videos, and more.<\/p>\n\n\n\n
<\/span>#7 Event Planner<\/span><\/h3>\n\n\n\n
While many professionals hold a bachelor\u2019s degree (in Meeting and Event Management), it\u2019s not always necessary or required.<\/p>\n\n\n\n
You can even take event planning courses as a replacement, such as this 6-week certification course IAP Career College<\/a>.<\/p>\n\n\n\n
But whether you have the degree or not, the next step is to gain real-world experience by planning your own events or taking internships. You can also do volunteer work, such as planning school events, local festivals, sporting events, and so on.<\/p>\n\n\n\n
A few skills event planners need for success are project management, customer relationship<\/a> management, marketing<\/a>, and sales software, and creating event proposals<\/a>. During your training, be sure to get comfortable using programs like Microsoft Project, Active Network EventRegister, and a few others.<\/p>\n\n\n\n
Lastly, start building a portfolio to show new clients your previous work. Include photos of the events you\u2019ve planned, press mentions, client reviews and testimonials, invitations, and brochures.<\/p>\n\n\n\n
<\/span>#8 Ecommerce Store Owner<\/span><\/h3>\n\n\n\n
In the past, opening a store meant you had to buy (or rent) a physical location and order tons of products to keep a substantial inventory.<\/p>\n\n\n\n
What if I told you that today, you can run a store 100% online and you don\u2019t even have to purchase the product(s) you sell until a customer buys them?<\/p>\n\n\n\n
Well, you can \u2013 thanks to the invention of ecommerce and dropshipping.<\/p>\n\n\n\n
Ecommerce simply refers to selling physical or digital products online. Dropshipping is an ecommerce selling method that lets you promote products on your online store<\/a>, sell them to customers<\/a>, and then purchase them from a third-party supplier who then ships the product directly to the buyer.<\/p>\n\n\n\n
You can create your ecommerce<\/a> store with platforms like WooCommerce<\/a>, and find products to sell on sites like Alibaba<\/a>.<\/p>\n\n\n\n
Most dropshippers and ecommerce sellers get customers through running social media ads, email marketing<\/a>, and influencer marketing, which is why it\u2019s important to ensure what you\u2019re selling is popular. <\/p>\n\n\n\n
Once your profit margins increase, you can consider investing more in social media<\/a> advertising and hiring influencers<\/a>.<\/p>\n\n\n\n
You could even consider starting a store that sells both physical and digital products<\/strong>. Let me give you an example. The Budget Mom by Kumiko Love is a great example of a store that sells both.<\/p>\n\n\n\n
She sells physical products like her popular finance workbook:<\/p>\n\n\n\n
$\"The$ <\/a><\/figure>\n\n\n\n
\u2026while also selling classes like her saving challenge course:<\/p>\n\n\n\n
$\"The$ <\/a><\/figure>\n\n\n\n
You can use a membership site<\/a> like MemberPress to grant paying customers access to your digital products and integrate it with WooCommerce<\/a> to sell physical products. <\/p>\n\n\n\n
<\/span>#9 Side Hustler<\/span><\/h3>\n\n\n\n
Last but not least, you can become a career \u201cside hustler.\u201d If you enjoy taking on multiple projects, have several different passions, and find yourself accepting many odd jobs or freelance gigs, then why not make it your entire career?<\/p>\n\n\n\n
There are thousands of side hustle ideas out there \u2013 you can drive for companies like DoorDash, Uber, and InstaCart, become a freelancer, take online surveys for money, start a local small business, perform services (like mowing lawns or having bake sales), and more.<\/p>\n\n\n\n
Many people enjoy side hustles, as they keep them busy and regularly bring them an inflow of extra monthly cash.<\/p>\n\n\n\n
Plus, taking on different gigs will help you figure out what kind of work you like and dislike, thus allowing you to further niche down.<\/p>\n\n\n\n
<\/span>Conclusion<\/span><\/h2>\n\n\n\n
And there you have it, 9 ways you can start making some extra income. To recap, here\u2019s a list:<\/p>\n\n\n\n
\n
English tutor<\/li>\n\n\n\n
Content creator<\/li>\n\n\n\n
Real estate investor<\/li>\n\n\n\n
Stock market investor<\/li>\n\n\n\n
Online coach<\/li>\n\n\n\n
Personal trainer<\/li>\n\n\n\n
Event planner<\/li>\n\n\n\n
Ecommerce store owner<\/li>\n\n\n\n
Side hustler<\/li>\n<\/ul>\n\n\n\n
There\u2019s lots of ways to start a business on a low budget. So, go out there and jumpstart that entrepreneurial spirit.<\/p>\n\n\n\n
If you liked this article, be sure to subscribe to our newsletter in the box up to your right!<\/strong><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
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