Even if you don't decide to do it as a sideline, it still makes a great gift idea for others - digital photo restoration!
Old photographs can be digitally archived and reworked/touched up. People will pay for this service and although there is a lot of competition - it's a great business to develop using "word of mouth". Do a few free restores for family and friends and ask them to show them off to others and give out your business card.
I do this as a small sideline business and people absolutely love to see their photographs restored - especially ones they thought were beyond repair. I have trained extensively in Photoshop and because of this I can take on some major projects that others may not be comfortable with.
Typically though you'll find plenty of old photos that really only need minimal work. I wrote a step-by-step tutorial on how to do a very basic restoration
http://christins.hubpages.com/hub/revive_photos . Check it out and see if this might help you generate some more income yourself among your friends/family.
Summer will end soon and before you know it the holiday season will be upon us. If you want a thrilling gift restore some old photos and place them on a digital frame (or have them printed) I did this for my folks last year and the looks on their faces were as the commercial says "priceless"... :)
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