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The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
I “accidentally” came across this great post. Several of my clients are actually doing business with many of the ideas listed here. My business is to help their business by providing a smorgasbord of services in ONE convenient, trustworthy location. Please visit Jen Williams International at JenWilliamsIntl.com. We’d be more than happy to help!
Nearly all businesses understand the importance of maintaining a social media presence, but not everyone can afford to bring in a full-time social media manager. Contract yourself out as a social media manager and spend your days tweeting, posting to Facebook, and snapping Instagram pics. If social media is your second skin, this could be a great home-based business idea for you.
If you already have a website that’s driving in targeted traffic, a great way to make passive income from the content you’re already creating as an easy side business idea, is through affiliate marketing. ShareASale, Rakuten, Clickbank, and Skimlinks are a few of the best affiliate networks and tools that can help you make money from the content you already produce, thus amplifying your side business idea income. Check out this extensive list by Justine Grey, covering the 59 Best Affiliate Programs for Business Bloggers to get some inspiration on how other bloggers are growing affiliate blogs from side business idea to full-time company.
What makes drop shipping so attractive is exactly what lands it on this list; there are no big startup costs or expensive investments in inventory. You can sell products online, collect payment, pay suppliers, and let them send out the products — even using your company logo if you like.
Warehousing and Shipping for E-Commerce: If you have extra space at home such as a basement or garage, you could try this. Find businesses that want to outsource their inventory and shipping. You will then be responsible for keeping inventory and shipping orders as they come in.
As people are demanding more fulfillment in their lives and have more options to consider, they are increasingly turning to coaches. You can build your skills in this field by reading up on it, signing up for some life coaching yourself, or taking a course about how to teach life coaching.
If you have the right touch, this business can be a goldmine, and very personally rewarding. One of my business school classmates changed into this career later in life and did very well, specializing in putting together highly talented teams for well financed startups, and early stage ventures. The typical head hunter makes endless cold calls–but at the higher end firms networking is much more important.
With the right location and careful buying you can have a nice income from your floral shop. But the big upside will be special events such as weddings, funerals, etc. I’ve also came across a floral shop crossed with a coffee shop which I thought was a clever variant.
Professional/occupation licenses. In addition to the licensing requirements imposed on businesses, states require certain professions, such as attorneys, architects, hair stylists and tattoo artists, to have state-issued licenses or certificates. Every state has its own list of licensed occupations, so it is essential to know your state’s laws.
Consider some of the more common ideas. If no business ideas are coming to mind, think about some of the tried and trued home business types. Some highly lucrative home business ideas include tutoring, tax preparation, business coaching, counseling, marketing consulting, accounting, web designing, interior designing, dance instructing, newsletter service, proofreading service, and resume writing service. These home based business ideas just require your personal skills rather than large investments.
Ever tried to find child care on a Saturday afternoon? Unless you’ve got a standing relationship with a babysitter – and even then, it can be hard – there are few places you can count on for evening or weekend child care. Most states allow you to operate a home child care business and there’s little competition and a great need for off-hours care. Licensing requirements are different based on your state, but many don’t require a license as long as you keep below the minimum number of children.
I recently started working as a dance instructor from home and it has been wonderful! I have never thought that this would be my job. My advice is – always follow your dreams. Hard work pays off eventually!
Companies are increasingly turning to freelance and contract workers to fill the skill gaps in their staff. It’s not hard to imagine that you could build a whole company around providing freelance services of one sort or another. Some freelance gigs pay by the project and others pay hourly, and the rates can vary greatly. But as you gain more experience, your earning potential will soar.
Sure – just buy my “Get Rich Quick” program for 3 easy payments of $99 where I teach you how to sell your own “Get Rich Quick” program without doing any work, zero effort, oh and did I mention it was guaranteed? 😉
Starting a desktop publishing business that specializes in producing a monthly employment and career guide newspaper is a fantastic new business venture to set in motion. The paper can be distributed throughout the community free of charge and supported by charging companies advertising fees to list their employment and career opportunities in the paper.
Start a Blog: This is not for everyone as it is hard work with no guarantee of income. For those that succeed, it can provide an income. Research and learn before starting. A good starting point is to read How To Make Money With A Blog.
Create a business plan for your home based business. This is the blueprint for your business. It may also help you think of things that had not crossed your mind about your business and help you determine what kind of start up costs you are looking at. At minimum, a business plan should include the following:
Contrary to popular wisdom, real estate prices don’t always go up and catching the trends can tremendously amplify your success in this market. One of my business school classmates caught the trend just right in the Houston commercial real estate market, and then did the same in Boston. Another business school classmate took advantage of the huge 2008 real estate sell-off by scooping up thousands of homes in particularly hard-hit areas like Las Vegas with his hedge fund. The safest way to buy real estate is to make sure that your cash flows from current rents will justify the minimum return you need, then you can look at any appreciation as pure gravy!
Another huge issue in the rental business can be cyclicality. When the business is booming, it can be great. When the economy turns, it can be a disaster. I know a highly experienced construction equipment operator who couldn’t pay his bills and nearly went under during the last economic downturn. Eventually, however, he survived and became hugely successful. Another friend did very well renting out Dumpsters in the construction industry even though he had no experience whatsoever when he started.
The day spa business is hot as more and more overworked people seek rejuvenation for their tired bodies. I would pull first time customers in with very sweet deals, then try to tie them in with a membership model, such as so many day spa visits per month for one flat rate. Building out a day spa can be expensive and will usually cost more than you budget, so with your first spa I wouldn’t get too carried away with remodeling. Instead make the spa nice, but not lavish, and then offer great service.
Maybe you’re looking to supplement your full-time income with a side business. Or perhaps you’re finished with the 9-to-5 and ready to be your own boss. In either case, coming up with a killer small-business idea is the first step on the path to entrepreneurship.
Whether if it’s for the mid-season or winter, boats that are hauled out of the water are going to need repairs will need everything from the the decks, the head, the holds, and the sleeping quarters to be cleaned. Start by approaching any homes that have a boat on their property or working with a local marina to contract your cleaning or repair services.
Restaurants have a sky-high failure rate. Steady, loyal patronage may take years to build, and it can be very difficult to rapidly accelerate the process, even with elaborate marketing campaigns. Owners of successful restaurants usually have extensive restaurant experience, work endless hours, and either rely on their large close-knit families for assistance or have a special knack for attracting, retaining, and motivating good kitchen help and waitstaff. On the other hand, to emphasize how hard the business is, many owners of failed restaurants also possess these so-called “success traits.”
According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.
Cooking classes have become much more than just a way to instruct people in cooking. They have become more of a social event where for example, couples enjoy a cooking class together, get to meet some other people, enjoy sampling the food they cook, perhaps try some fine wine, and have a great experience. So carefully define whether you are selling the expertise, the experience, or both, and build your business model accordingly.
Looking to open up a new business? In need of an high-potential low-investment new business ideas? Whether you want a more flexible lifestyle, out of work, or looking to earn top dollar, be sure to scan through our 2018 business ideas list. Looking for a no-capital home business to make a little cash on the side? View our top 2018 home business ideas.
Have you ever created a blog or website? If so, web development could be the business for you. Small businesses and entrepreneurs need to establish an online presence to reach customers, but many don’t have the time or patience to create a website.
There are so many possibilities like this. In fact, there is so much opportunity for making good money with little start up cost, that I think people need to get their mindset straight first and foremost. The opportunity is there, but if you’re feeling like a beggar, asking, “What can I make money at,” instead of a success asking, “What do I most want to do that brings me money?” you’ll miss your golden ticket. Come from a place of fullness, confidence, and enthusiasm with an intent to make money in a way that’s stimulating and fun to you, and then just add the business knowledge you need to make a success of it into the mix. If you apply yourself consistently, you’ll have the same successes you see others having.
Don’t be tempted to start a retail store just because you find a cute, affordable space to rent. Location means everything in retail, and a good location usually costs a lot of money. I would spend several days sitting in front of a potential retail location with a counting device, counting cars and pedestrians walking by, before I’d even think about signing a retail lease. Then if you do get a great location, take full advantage of it with great signage and an enticing storefront.
My book publishing business often bought books from packagers. What is a packager? Typically, a book packager would sell to a publisher a completed manuscript with the pages already laid out, and a book cover all ready to go. Book packagers tended to sell more complex book projects, such as books that were heavily illustrated or books that were “packaged” with another component. For example, we bought a book about chess, boxed with a small chess set, from a book packager.