Have you ever thought of making a little money on the side? If you’ve always wanted to open your own business but aren’t quite ready to commit to a full-time entrepreneurial venture, a side business can generate additional income income without impacting massively on your lifestyle. Here are some side business ideas you can start today.

1. Freelance Graphic Design

Graphic design is an area of expertise everyone wishes they were good at. If you have a flair for creating eye-catching designs, providing your services for a fee could prove to be a highly lucrative moneymaking venture. Plenty of small businesses simply don’t have the budget to employ the services of large and well-established graphic design companies, and would rather work with a freelancer contractor. If you can build up a valuable portfolio of work, you may even find that the demand for your services is great enough to turn your passion for graphic design into a flourishing side business.

2. Forex Trading

Trading on the foreign exchange market, or Forex trading as it is commonly referred to, is another potential source of income available to the general public. Forex trading involves accurately speculating the value of a certain currency compared to another. In order to develop a comprehensive understanding of the Forex market, it is necessary to seek the advice of experienced traders, who can provide expert advice and valuable insight into effective Forex trading strategies. With a little guidance from a training resource such as Learn to Trade, you could have the potential to make a lucrative side business.

3. Tutoring

With flexible scheduling options and rewarding outcomes, it’s clear to see why tutoring is becoming increasingly popular as a side business. Whether you want to teach younger children, secondary school students or adults, skilled tutors are always in high demand. You can donate as little or as much time to your tutoring commitments as you’d like, working to a timetable that suits your lifestyle. If you don’t have sufficient time on your hands to keep up with the volume of students requiring your services, you can always team up with another tutor to make a small business team.

4. Pet Sitting

Establishing a pet setting business is relatively simple and can be done with a virtually non-existent marketing budget. Posting flyers in places such as dog parks and veterinary clinics should help to draw interest from pet owners, and setting up a website or Facebook page will ensure your business is accessible to prospective clients. A pet sitting business can easily be expanded to include housesitting services, especially if clients want their pets looked after when they go away for the weekend. Once word of your reliability begins to spread, there should be no shortage of pet owners seeking out your pet setting services.

Making money on the side can allow you to grow your income and identify new and exciting career opportunities. Do you think you could manage a side business in addition to your day job? Share your thoughts in the comments below.