We have been seeing more and more full-time work replaced with part-time jobs. Contract work and side gigs. Side hustle just seems to fit with this ethos where people are putting together a few different things to make a living. This is a side hustle revolution. 

Most profitable business opportunities that won’t break the bank. With enough preparation, each of these businesses can generate monthly profits equal to your initial investment.

Real Estate Agent

According to a 2022 National Association of Realtors report, 86% of American homebuyers used a real estate agent to help with their purchase. This data shows there is a high demand for this service, making it one of the most successful business ideas you can try.

Real estate agent requirements vary extensively depending on your state. However, in all cases, you must acquire your license by passing an exam and completing several classes. Hence, investing your time and money in this business idea is vital.

It costs 0.2 lakhs to 6 lakhs to start this business. After that, marketing is the only notable overhead expense. On average, it is possible to earn $8,000 monthly when working as a full-time real estate agent, or $4,000 monthly on the low end.

Online Bookkeeper

You don’t have to complete accounting or obtain a degree to work as a bookkeeper. The certifications most clients require you can often be earned through paid online courses that typically last only several months.

Including the cost of enrolling in a bookkeeping course, the initial investment for this business idea is as low as $1,000. This covers coursework, your business license, optional liability insurance, and, in some cases, a portion of your marketing expenses.

You can expect to earn $21 per hour on average as a bookkeeper. On that note, it’ll still be profitable even if you work part-time on this side hustle. 

Start A Consulting Business

If you have a specific area of expertise, starting a consulting business is a great option, as you won’t need too many preparations to get this gig going.

First, decide on an industry or niche you’re an expert in, then set up an online consultation page. Anyone who needs your advice can become a client, regardless of where they are in the world.

You most likely have all the certifications that prove you’re qualified to give advice, so the only investment you need for this business is to set up your page and focus on its marketing. Both can be done for free, but it’s not a bad idea to invest several hundred dollars to make it easier to find new clients.

Consultants usually consultant charges in India per hour on average.

Photographer

A common misconception is that you need the most expensive cameras to take amazing photos. However, capturing high-quality pictures is more about skills than equipment, making photography one of the best small-scale business ideas.

If you don’t already have a basic photography setup, investing a good amount of money for a decent camera and editing tools is enough to get you started with this small business.

As long as you put the time and effort into honing your skills, this gig can let you earn up salary in India.

Virtual Assistant

Many businesses outsource some of their administrative tasks online to minimize expenses allocated to office space and equipment. That means being a virtual assistant is currently one of the best high-demand small business ideas you can do from home.

This business requires little to no initial financial investment. Often, all you need is a laptop with a working camera and microphone. You can start seeking customers using freelance websites like Upwork and Fiverr, or let them find you.

On average, a virtual assistant salary but charging an hourly rate of up to $40 in this line of business is not unusual.

Major Key Notes You Need To Know-

• You won’t master overnight. If you are willing to side-hustle–trust your process. Business takes time to build, Embrace both bad days and alter business accordingly. The entire process is about learning something new to create a better business.

• Marketing is a huge stepping stone to elevating your income. Don’t be afraid to invest money in paid advertisements, professionally crafted product photos, and endorsements by influencers, as they can lure in more customers to your business.

• Tracking your expenses and revenue is the best way to generate positive cash flow when not tracking expenses, especially ones that don’t emerge to be directly related to your business. Always record your expenses and revenue. Use accounting tools to ensure you are still making a reasonable profit throughout the business.