These days, the prices of hotels have increased a lot. And during seasons, it is quite difficult for individuals to get a room at a reasonable price. The situation has given rise to the trend of homestay business. Unlike old days, when people used to plan a long holiday once or twice a year, today in order to relax their mind and take a break from their daily routine, they have started planning a weekend or short vacations during the whole year.
If you have a place (with all the facilities) where you can give accommodation to travelers then this can be one of great side business ideas for you. You can earn a handsome amount of money in this business.
Choosing a business is totally a personal decision. You may find a lot of other possibilities, but coming up with some small business ideas that yield higher profits is little tricky. So, choose your passion from the above list and turn your dream into reality.