Top 10 Part-Time Business Ideas for Extra Income

Searching for part-time earning ideas? A part-time business can be an excellent way to supplement your income, manage growing expenses, or build savings.

But what are some practical side business ideas you can pursue alongside a full-time job? Whether you're aiming for greater financial stability or testing the waters of entrepreneurship, here are the top 10 part-time business ideas with low investment to consider.

List of 10 Part-Time Business Ideas

1. Dropshipping

Sell products online without the hassle of storing inventory. All you need to do is focus on a niche product, market it on relevant platforms relevant to your target audience, and provide excellent customer service. A third-party supplier will handle storage, packaging, and shipping.

2. Print on Demand

Consider designing custom graphic items like t-shirts, mugs, and phone cases. When you get an order from a customer, a third-party company can print, package, and ship the product on your behalf. This is one of the best part-time business ideas if you are creative but want to avoid handling inventory and logistics.

3. Customised Gifting Business

If you're willing to invest a bit more in inventory, a gifting business selling customised jewellery, mugs, artwork, etc., can be a great part-time business opportunity.

4. Social Media Management

If content creation is your passion, many small businesses need assistance in managing their social media accounts. This may be in the form of running ads, creating engaging posts, and so on.

5. Baking Business

If you have a talent for baking and often receive compliments on your creations, consider selling your baked goods. Partnering with local food delivery apps can help expand your reach and customer base.

6. Freelancing

Freelancing offers various opportunities, including content writing, graphic design, video editing, and social media posting. You can find clients through online platforms or by building your own network over time.

7. Personal Training or Fitness Coaching

If fitness is your passion, consider becoming a certified personal trainer or coach. You can offer your services online through video sessions or offline at local gyms, parks, or even clients' homes.

8. Tutoring

This can be an excellent source of side income if you’re academically strong. With a lot of competition around, students often look for extra tutoring. With online classes, you won’t even need to rent a place. All you need is a laptop and a stable internet connection.

9. Virtual Assistant (VA)

Virtual assistants help with administrative tasks like email management, scheduling, and customer support. As a remote-friendly job, it allows you to work from home with clients across different time zones, making it ideal for flexible part-time work.

10. Affiliate Marketing

In the era of influencers, affiliate marketing has become one of the simplest and best part-time business ideas. It typically works by promoting products and earning a commission for each sale made through your reach. This is done by giving out custom referral links, codes, etc.

How to Fund Your Business Needs with a Loan?

Having a part-time business can be a great way to generate additional income. To increase your chances of success, choose an idea that aligns with your skills and interests – and ensure there’s viable market demand. Having access to adequate funds is also essential, whether it’s for restocking inventory, running ads, or scaling operations.

If you’re seeking financial support, consider an unsecured business loan of up to INR 75 lakhs* from SMFG India Credit. To be eligible, your business should have been in operation for at least 3 years and must show consistent income and profitability over the past 2 years.

Alternatively, you may opt for a personal loan of up to INR 30 lakhs* with a co-applicant who has a strong credit profile and stable income. Apply online today or contact us to discuss the best loan option for your requirements.