Best Side Hustles for International Tax Consultant

1. Travel Website for Sale | Potential Profit: 5000$/month

   • Description: Fully Automated Travel Website – Hotels, Flights, Cars – $200/day Potential

   Huge Profit through travel affiliate programs (Flight, Hotel, & Rental Car). Start an online business with this gorgeous, professionally designed, affiliate travel website. It is a powerful travel comparison website that allows users to find the best prices for hotels, flights, and car rentals. This type of website is currently very popular as more people try to save money when booking their next vacation.

   • How to Start: You can build a website and online business from scratch or go with a readymade solution provided by Sitefy.

   • Investment: 99$ to start the website.

   • Skillset & Learning: No skillset required. Basic skills are required that can be learned in a couple of hours.

   • Success Rate: Moderate to high, reliant on the monthly traffic to the website.

   • Pros & Cons: It takes very little time to start this online business and ROI is the highest among all the businesses mentioned.

   • Market Size: Globally, travel and tourism directly contributed approximately 2.9 trillion U.S. dollars to GDP

   • Whom to Hire: You can hire developers, designers and marketing experts from different freelancing platforms or you can go with a readymade all-in-one solution.

   • Where to Hire: Freelance platforms, specialized tech companies.

   • Biggest Source of Marketing: Organic Traffic across the globe.

2. Title: Virtual Tax Workshops
   • Description: Conduct virtual tax workshops to educate individuals and businesses on international tax regulations. Offer insights on compliance and optimization strategies.
   • Earnings Potential: $50 – $150 per hour.
   • How to Start: Develop a curriculum, create engaging content, and use online platforms for hosting workshops.
   • Investment: Minimal – for marketing materials and online platform subscription.
   • Skillset: Expertise in international tax laws, excellent communication skills.
   • Skillset Learning: Attend workshops, online courses, and keep abreast of tax law changes.
   • Success Rate: High, given the demand for tax education.
   • Pros and Cons: Flexible schedule, global reach, but requires effective marketing.
   • Market Size: Expansive, with growing interest in tax education.
   • Whom to Hire: Marketing professionals for outreach.
   • Where to Hire: Freelancer platforms like Upwork or local marketing agencies.
   • Biggest Source of Marketing: Social media platforms and targeted online advertising.
   • Biggest Leader in the Market: TaxConnections, a prominent platform connecting tax professionals.
3. Title: Tax Advisory Blog
   • Description: Start a blog offering insightful articles on international tax issues, providing solutions and advice.
   • Earnings Potential: $500 – $2,000 per month through ads, affiliate marketing, and sponsored content.
   • How to Start: Create a website, consistently produce quality content, and optimize for SEO.
   • Investment: Minimal – for website hosting, domain, and marketing.
   • Skillset: Strong writing skills, SEO knowledge.
   • Skillset Learning: Online writing courses, SEO workshops.
   • Success Rate: Moderate, depending on content quality and promotion.
   • Pros and Cons: Passive income, expertise establishment, but requires time and consistency.
   • Market Size: Expanding as more businesses seek online advice.
   • Whom to Hire: Freelance writers, SEO specialists.
   • Where to Hire: Content creation platforms, freelance websites.
   • Biggest Source of Marketing: Social media promotion and guest posting on related blogs.
   • Biggest Leader in the Market: TaxJar, known for its tax-related content and resources.
4. Title: Tax Software Consulting
   • Description: Offer consulting services for tax software selection, implementation, and optimization.
   • Earnings Potential: $75 – $200 per hour.
   • How to Start: Acquire expertise in popular tax software, create a professional website.
   • Investment: Moderate – for software subscriptions and marketing.
   • Skillset: In-depth knowledge of tax software, consulting skills.
   • Skillset Learning: Attend software training, gain practical experience.
   • Success Rate: High, given the reliance on tax software.
   • Pros and Cons: In-demand service, potential for recurring clients, but competition exists.
   • Market Size: Large, with businesses continually adopting tax software.
   • Whom to Hire: Assistant for administrative tasks.
   • Where to Hire: Online job boards, specialized forums.
   • Biggest Source of Marketing: Collaboration with tax software companies, word-of-mouth referrals.
   • Biggest Leader in the Market: Intuit, known for QuickBooks and TurboTax.
5. Title: Cross-Border Tax Seminars
   • Description: Organize seminars focused on cross-border tax implications for businesses expanding globally.
   • Earnings Potential: $1,000 – $5,000 per event.
   • How to Start: Develop compelling seminar content, secure event venues, and promote through various channels.
   • Investment: Moderate – for venue booking, promotional materials, and travel expenses.
   • Skillset: Expertise in international tax laws, event planning skills.
   • Skillset Learning: Attend event management courses, stay updated on tax laws.
   • Success Rate: Moderate to high, depending on marketing efforts and content quality.
   • Pros and Cons: High-profit potential, networking opportunities, but requires significant planning.
   • Market Size: Substantial, especially for businesses expanding globally.
   • Whom to Hire: Event coordinator, marketing specialist.
   • Where to Hire: Event planning agencies, freelancers.
   • Biggest Source of Marketing: Networking events, social media promotion, partnerships with business associations.
   • Biggest Leader in the Market: Deloitte, a global leader in tax consulting and advisory services.
6. Title: Expatriate Tax Services
   • Description: Provide specialized tax services for expatriates, helping them navigate complex international tax obligations.
   • Earnings Potential: $75 – $250 per hour.
   • How to Start: Obtain relevant certifications, build a professional network.
   • Investment: Moderate – for certifications, marketing, and online presence.
   • Skillset: Expertise in expatriate tax laws, communication skills.
   • Skillset Learning: Obtain certifications from organizations like the National Association of Enrolled Agents (NAEA).
   • Success Rate: High, given the specialized nature of the service.
   • Pros and Cons: Niche expertise, recurring clients, but requires staying updated on changing regulations.
   • Market Size: Significant, with a growing number of expatriates globally.
   • Whom to Hire: Administrative assistant, marketing professional.
   • Where to Hire: Online job platforms, local universities with business programs.
   • Biggest Source of Marketing: Expat communities, online forums, social media advertising.
   • Biggest Leader in the Market: PwC, renowned for its global mobility services.
7. Title: Tax Compliance Software Development
   • Description: Develop and sell software solutions that streamline tax compliance processes for international businesses.
   • Earnings Potential: $5,000 – $20,000 per project.
   • How to Start: Acquire software development skills, conduct market research.
   • Investment: High – for software development tools, marketing, and hiring developers.
   • Skillset: Programming skills, understanding of tax compliance.
   • Skillset Learning: Online coding courses, collaborate with experienced developers.
   • Success Rate: High, with a well-developed and market-ready product.
   • Pros and Cons: High-profit margins, potential for recurring revenue, but requires significant upfront investment.
   • Market Size: Growing, as businesses seek efficient tax compliance solutions.
   • Whom to Hire: Experienced developers, marketing professionals.
   • Where to Hire: Freelance platforms, specialized forums.
   • Biggest Source of Marketing: Collaboration with accounting and tax publications, industry conferences.
   • Biggest Leader in the Market: Avalara, a leading provider of tax compliance solutions.
8. Title: Tax Podcast Host
   • Description: Host a podcast discussing international tax trends, regulations, and strategies, attracting a global audience.
   • Earnings Potential: $500 – $2,000 per episode through sponsorships and ads.
   • How to Start: Set up a podcast, create engaging content, and promote through various channels.
   • Investment: Moderate – for podcast hosting, equipment, and marketing.
   • Skillset: Strong communication skills, knowledge of tax laws.
   • Skillset Learning: Podcasting courses, public speaking workshops.
   • Success Rate: Moderate, with consistent content production and effective marketing.
   • Pros and Cons: Passive income, global reach, but requires dedication to building an audience.
   • Market Size: Expanding, with the popularity of podcasts in the business sector.
   • Whom to Hire: Podcast editor, social media manager.
   • Where to Hire: Freelance platforms, specialized podcasting services.
   • Biggest Source of Marketing: Social media promotion, collaborations with industry experts.
   • Biggest Leader in the Market: Taxgirl, a renowned tax attorney and podcaster.
9. Title: Tax Risk Management Consulting
   • Description: Offer services to businesses for assessing and mitigating international tax risks to ensure compliance and avoid penalties.
   • Earnings Potential: $100 – $300 per hour.
   • How to Start: Develop expertise in risk management, create a professional website.
   • Investment: Moderate – for certifications, marketing, and online presence.
   • Skillset: Risk management skills, knowledge of international tax laws.
   • Skillset Learning: Obtain certifications in risk management, attend relevant workshops.
   • Success Rate: High, with businesses increasingly focusing on compliance.
   • Pros and Cons: Niche expertise, high demand, but requires staying updated on changing regulations.
   • Market Size: Substantial, with businesses seeking to minimize tax-related risks.
   • Whom to Hire: Administrative assistant, marketing professional.
   • Where to Hire: Online job platforms, local universities with business programs.
   • Biggest Source of Marketing: Industry conferences, partnerships with accounting firms.
   • Biggest Leader in the Market: Ernst & Young, a global leader in risk management and tax services.
10. Title: Tax Compliance Training Courses
    • Description: Develop and sell online courses providing in-depth training on international tax compliance for individuals and businesses.
    • Earnings Potential: $1,000 – $5,000 per course.
    • How to Start: Develop comprehensive course content, create a professional website.
    • Investment: Moderate – for course creation, marketing, and online platform subscription.
    • Skillset: In-depth knowledge of international tax laws, instructional design skills.
    • Skillset Learning: Online course creation workshops, collaboration with instructional designers.
    • Success Rate: High, with a well-structured and valuable course.
    • Pros and Cons: Passive income, expertise establishment, but requires time and effort for course creation.
    • Market Size: Growing, as professionals seek flexible and convenient training options.
    • Whom to Hire: Content creators, marketing professionals.
    • Where to Hire: Online job platforms, freelance websites.
    • Biggest Source of Marketing: Social media advertising, partnerships with professional organizations.
    • Biggest Leader in the Market: KPMG, offering a range of online training courses in tax and compliance.
11. Title: Tax Compliance Software Reviewer

• Description: Start a platform reviewing and comparing various tax compliance software solutions, providing valuable insights to businesses.
• Earnings Potential: $500 – $2,000 per review through sponsorships and affiliate marketing.
• How to Start: Create a website, test and review different tax software, and build an audience.
• Investment: Moderate – for website hosting, marketing, and software subscriptions.
• Skillset: Analytical skills, understanding of tax compliance software.
• Skillset Learning: Use trial versions of software, collaborate with industry experts.
• Success Rate: Moderate, with consistent and unbiased reviews.
• Pros and Cons: Passive income, potential for sponsorships, but requires credibility and trustworthiness.
• Market Size: Substantial, with businesses actively seeking reliable software solutions.
• Whom to Hire: Content creators, SEO specialists.
• Where to Hire: Content creation platforms, freelance websites.
• Biggest Source of Marketing: SEO optimization, collaborations with software providers.
• Biggest Leader in the Market: Capterra, a popular platform for software reviews and comparisons.

Remember, the success of any side hustle depends on a combination of factors including dedication, continuous learning, and effective marketing strategies. Always adapt and evolve based on the dynamic landscape of the international tax consulting industry.