Jun 28, 2024
The urge to create a side hustle is more popular than ever before. And busy professionals haven’t been left behind.
Many professionals want to run a business on the side to complement their primary income and guarantee their financial security.
However, identifying the most suitable to run alongside your main job can be challenging for most busy professionals.
Ideally, you want a side hustle that won’t consume too much of your time that affects your main job while at the same time being viable and bringing in good profits.
Lucky for you, we have researched the most viable business ideas for busy professionals and we have shared them right below.
Side Hustles For Busy Executives:
As a busy professional with a demanding career, your schedule may leave pretty little to no time for running your additional business ventures.
However, the good thing is that you already have access to financial resources, so you may consider diving into capital-intensive hustles.
Such businesses allow you to invest your capital wisely and generate significant returns with no need for constant oversight.
Let’s dive into full details about some of the side businesses to consider as a busy executive:
#1. Invest In Established Businesses
One of our recommended side hustles for busy professionals is investing in established businesses with proven track records.
This greatly reduced the financial risk associated with starting a new business from scratch.
Besides, it suits your busy schedule as you don’t need to be there at all times to make it work.
Buy a franchise
That said, you may consider purchasing a franchise as one way to invest in this area.
The beauty of this kind of business is that you’ll benefit from brand recognition, an already established customer base, and access to a support system the franchisor has already developed.
Some of the popular franchises you may consider looking into include fast-food chains, retail stores, and fitness centers.
Since these businesses usually come with comprehensive training programs as well as ongoing support, they’re an attractive option for a time-strapped professional.
Buy an online business
Alternatively, you may consider acquiring an existing online business.
This means acquiring a business that is already generating revenue, thus saving you the time and hassle of building a customer base from scratch.
When looking for an online business to buy, consider key factors such as financial performance, operational complexity, and even growth potential.
#2. Invest In Real Estate
You may also consider investing in real estate due to its potential for reliable and substantial income. Not to forget that the value of your property appreciates over time.
Specifically, we advise you to consider commercial real estate (including office buildings, retail spaces, and industrial properties).
These guarantee you a steady income and overtime appreciation.
However, you need careful planning and management to get started in this field. You may also want to look for properties in prime areas with high demand and growth potential.
Still at it, you may consider investing in short-term vacation rentals. Invest in properties around popular tourist destinations, and you can easily generate significant income.
However, managing these rentals can be demanding, as you need to interact with guests regularly and regular property maintenance.
Luckily, you can overcome this challenge by leveraging property management services that specialize in bookings, guest communications, and maintenance.
#3. Consider Stock Market Investments
Investing in the stock market is also an ideal side hustle for busy executives. And there are several ways you can go around it.
One option is to invest in dividend stocks. This offers you a passive income opportunity and involves invention in companies that regularly distribute a portion of their profits to their shareholders.
This way, you can earn extra income without the need to actively get involved in your side business.
That said, we advise you to focus on companies that have a strong track record of dividend payments and consider reinvesting your dividends for compound returns.
Diversifying your investment across different industries is also crucial for mitigating risk.
The other investment path for stock markets is real estate investment trusts (REITs). This allows you to invest in real estate without directly managing any properties.
REITs work by gathering funds from multiple investors. They then purchase and manage income-generating real estate, including apartments, commercial properties, hotels, etc.
#4. Launch An E-commerce Business
You also can’t go wrong with e-commerce as a busy professional.
E-commerce has revolutionized the way businesses operate by offering unmatched flexibility and scalability.
Unlike traditional brick-and-mortar businesses, e-commerce businesses can operate 24/7 while allowing you to reach a global audience without spending significant amounts of money.
A successful ecommerce venture can also be highly profitable as it’s evident from numerous executives who have already turned their ventures into thriving businesses.
But how do you get started in the e-commerce business with your busy schedule?
We, at TrendHijacking.com can help you get started and even succeed in the ecommerce world.
We can do everything on your behalf, from launching your e-commerce store, to managing, and even scaling it to greater heights.
We have tailored solutions that cater to your specific needs, ensuring your business is set up for success from the word go.
Our team of experts will handle your online venture's day-to-day operations, allowing you to focus on your primary career while still enjoying the benefits of a profitable side hustle.
#5. Earn Passive Income Through Digital Products
With the demand for online education being on the rise in recent years, creating and selling online courses can be another lucrative business idea for you.
Here, you’ll need to utilize your expertise and experience in your field to develop a high-quality course that caters to professionals as well as aspiring entrepreneurs.
Even better, you can use platforms like Udemy, Teachable, and Coursera to help you easily reach your global audience and thus create a passive revenue stream.
Besides online courses, you may also consider creating eBooks and digital publications such as newsletters or subscription-based content, on topics related to your expertise.
You can then publish your work on platforms like Amazon Kindle and Apple Books and reach a wide global audience
Conclusion
Though starting a side hustle as a busy executive can be daunting due to your demanding schedule, it’s still possible if you choose your side hustle wisely.
This guide has just discussed our carefully selected side hustles that suit your busy schedule.
These side businesses include investing in real estate, stocks, buying established businesses, creating digital products, or even launching an e-commerce business.
Most of these businesses don’t require your constant oversight, allowing you to make money on the side without affecting your primary job.
Which of these side hustles would you like to try today?
If you’re a busy executive looking to start a side hustle, now is the time to take your first step—book a call with us at Trend Hijacking today to learn how we can help you launch and grow a profitable side hustle business with minimal time commitment.
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