Once you’re set up to find new income opportunities with Steady, you’ll be ready to start your side business (or two).

Which should you choose? That depends on how much you can invest in the effort. Some side businesses are relatively easy to get into. Others require significant time and small-business capital to get off the ground.

1. Invest in Real Estate

Many people are nervous at the thought of investing in real estate and becoming a landlord. That shouldn’t be the case because real estate can be a very profitable side business.

Roofstock is making it extremely simple to invest in real estate — even in areas not in your hometown — helping you crunch all the numbers including potential cash flow. Roofstock also guarantees you’ll have a tenant in the property within 45 days or they will cover 90% of the mortgage payment.

If you’re not interested in being a landlord but still want to have real estate in your portfolio, you can invest through DiversyFund. The company gives you access to commercial real estate for as little as $500. If you want to get started with even less, Groundfloor lets you start investing with just $10.

2. Become a Swing Trader

Swing trading is an active trading strategy that produces profits by leveraging temporary price swings in equities markets. Swing traders like Mindful Trader use technical indicators to spot securities with near-term upside potential (or downside potential, for those who also sell shares short) and place stop-loss orders to limit losses from trades that don’t pan out. They typically unwind successful trades after hitting a predetermined profit target or position closing date.

Swing trading is an advanced trading strategy that presents a significant risk of principal loss. It goes without saying that swing traders — whether they’re trading to earn a side income or simply having fun — should never invest more than they can afford to lose.

3. Become a Tutor

Tutoring is not only a great way to earn some money on the side, but it’s also a very satisfying job.

Students of all ages need tutors for math, science, reading, foreign languages, and other subjects. If you’re skilled in a certain area, you can use your knowledge to help others succeed.

To get started tutoring, put up flyers at local schools and libraries, as well as on Craigslist. You might also want to sign up with Wyzant to become an online tutor. Once you tutor for a few families, the best way to get additional business is through referrals.

4. Become a Delivery Driver

Another business opportunity for anyone who loves driving around town is to become a delivery driver. Companies like UberEats and DoorDash are always looking for qualified drivers that can deliver food from restaurants.

Instacart is another option for drivers. Its business model is slightly different. Instead of picking up and delivering restaurant orders, you’ll be delivering groceries.

Each of these ideas would make a great side business. They give you the flexibility to deliver around your existing schedule.

5. Start a Blog

If you love to write and you don’t mind working hard, blogging might be a great business idea for you.

One of the benefits of starting a blog is that there are so many different ways to earn passive income.

You can earn money with advertising or affiliate marketing. You can set up an online store with Shopify and sell products with dropshipping, write an e-book or develop an educational course and sell access to the content through your blog, or start a podcast.

Setting up your own website or blog is easy and inexpensive. Bluehost offers a free domain name and hosting costs as little as $2.95 per month.

Although it’s relatively easy to become a blogger, succeeding with this business takes time. If you truly want to earn a full-time income with a blog or e-commerce site, you must treat it like a new business and put a significant amount of time into growing your website and generating traffic.

6. Rent Your RV

If you own an RV there is a good chance it sits unused for months out of the year. With Outdoorsy or RVshare, you can rent your RV to people in your area who are looking for a more comfortable camping experience. You set your own nightly rates but it’s best to scope out other rentals in your area and price accordingly.

You could also earn more by offering tour guide services to people who come to vacation in your RV.

7. Walk Dogs or Pet Sit

Starting a neighborhood dog walking or pet sitting business is an inexpensive way to earn extra money.

According to the American Pet Products Association, over 46 million households in the U.S. own a pet. And in spite of an up-and-down economy, household spending on pets keeps going up. In 2020, U.S. consumers spent $103.6 billion on their pets.

8. Become a Child Life Coach

Adults have life coaches, executive coaches, and fitness coaches, to name a few. Children can have their own coaches as well.

A child life coach helps children develop important life skills that their parents might not have time for and that schools don’t teach. Parents might also hire a child life coach if they don’t feel confident that they can help their child develop a certain skill set.

A child life coach can help teach kids and young adults how to stand up to bullies, say no to drugs, manage their emotions, manage their time more effectively, overcome failure, and many more life skills.

9. Become a Freelance Writer

With talent and hard work, you can easily earn a full-time income as a freelance writer.

Competition in this industry can be fierce because many people have turned to freelancing to earn extra money. The good news, however, is that quality writing never goes out of style. If you focus on quality writing and you’re persistent, you will find work as a freelance writer.

Check out sites like Fiverr.com and Upwork to get started,

10. Editing and Proofreading

It can be hard for some writers to proofread their own work. So many professionals hire editors and proofreaders to look over their writing before submitting it to a client or publishing it online.

Do you want to learn how to become a professional proofreader? Check out the Proofread Anywhere online course where you will get all the training you need. You can also find editing and proofreading work at freelancing brokerage sites like Upwork.

11. Start a YouTube Channel

Another home business idea is to start a YouTube channel.

According to rankings site Alexa, YouTube is the second most visited site in the world next to Google. This means if you can create video content that people want to watch, there is enormous income potential.

You can start a YouTube channel about almost anything, as long as it adheres to YouTube’s community guidelines and publishing policies.

Although it’s relatively inexpensive to start a YouTube channel, you’ll have a better chance of success if you use high-quality equipment. Many YouTubers use a DSLR camera along with other accessories like a tripod, different lenses, and an LED ring light.

12. Sell Items on eBay

Many people make a full-time income selling items on eBay, while others have made millions selling items on the site.

This is an easy business to start because if you’re like most people, you have plenty of unwanted items around your home right now that you might be able to turn into cash.

While it’s relatively easy to photograph and list items on the website, you’ll need to be strategic in order to maximize profits on eBay and be successful.

You can also earn more by becoming an affiliate marketer with eBay. Through the affiliate program, you can earn commissions up to 4% when you drive traffic to the website and customers make a purchase.

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