10 Small Business Ideas to Startup Less Investment6:33 AM
Building a startup is hard, from generating an idea, to developing an MVP, to launching a product, and eventually growing a business. It’s ...
Building a startup is hard, from generating an idea, to developing an
MVP, to launching a product, and eventually growing a business. It’s
just really hard.
But what if I told you that it’s entirely possible to launch a startup in 7 days and build a profitable business almost instantaneously? Sounds crazy right?
Before you start: the first thing you must do however is some basic market research. Find out for yourself, first-hand, just how many people will be interested in your proposed products or services, and would be willing to stand in line and pay money for it.
Too often enthusiastic and ambitious entrepreneurs jump in on an extra income project and suddenly find that the costs are beyond their abilities and the time requirements are more than they can meet.
You do not have to wait for manners to fall from heaven before you take the first step to financial liberty, just one of these money-making idea can be your blueprint for success. The list is not exhaustive but I believed you can pick an interest in one or two of the businesses listed.
CONSULTANCY SERVICES: This is the foremost of the small businesses one could ever think of; one can basically consult on almost anything and everything. Just think of any special skill in your possession and pronto, you can make a reasonable income from it. E.g. marriage counseling, business consult, legal consult, property consultancy, educational consulting, media consultant, etc. One do not have to possess any capital to start consulting, just some contacts on your phone, email addresses and referrals from family and friends, you are good to go.
RESTAURANT: No matter how poor people may be, food still remains the number one basic necessities of life before clothing and shelter. If you can do it right, it’s one of the surest way to crossing the poverty line. With a capital between 10K – 50k, you should be making a residual income from it.
REAL ESTATE AGENCY: By finding properties for prospective clients, you perform a valuable service to both owner of properties and prospective tenants. Advertise that you have listings available for houses, apartments, flats, rooms, offices, etc. You can either charge a one-time fee for finding accommodations or work on a commission. In this line of business, capital or professional qualification is not really required as a start-up, you can belong to groups in the real estate NICHE or get briefs from family and friends, just have the right information and you will always smile to the bank. In addition, you can also be a property manager to your clients and earn steady income from management fees.
RENTAL BUSINESS: This has mushroomed into an attractive new business opportunity. People like to borrow, do-it-yourself rent professional equipment. Many people are doing well these days by acting as rental agents for all manner of things - power tools, trucks, cars, electric generators, etc. Just look around your environment and conduct a research on items that could be of rental value to your community. For example, if you live in an area where property development is just springing up, you can decide to venture into giving out building tools such as, wheel-barrow, head-pan, shovel, trowels, drums, ladders, scaffolding, sledge hammers, pick-up trucks, etc.
HOUSE CLEANING SERVICE: Many home-owners and apartment dwellers will welcome help at "house cleaning'. Charge a flat fee for the amount of work that must be done. Make arrangements with firms that provide labor for tidying up office environment , cleaning carpets, dusting the furniture, polishing, etc. and collect a commission from them. Tell your friends and family who are moving to a new house or changing offices, with the help of fliers or handbills you could reach out to a large audience.
WEBSITE DEVELOPMENT: Experience, training or licensing may be needed. Many courses exist (many of which, logically, are offered online) where you can learn the language of website creation and can learn about the details, like how to set up shopping cart systems, security concerns, etc.
But lately we have seen ready tools on some hosting site like Godaddy, Bluehost, Wordpress, ipage, simplesite and so on; many of these hosting sites have ready tools for even the newbie in web design. You will, of course, need to learn about each company you want to design for.
What is the atmosphere of the company that you need to reflect in the website design--is it wild and contemporary, meaning brilliant colors and fun graphics? Or will more classic colors like black, navy blue and maroon be more appropriate? Many small businesses does not have a web presence, even the bigger corporations only possess a web banner or billboard, you can propose an interactive website to small businesses at a cheaper rate of say 10k or more and start building your client lists from there. This business requires little or no capital to start.
WEDDING PLANNER: Many people come into the business having planned their own wedding beforehand and caught the bug – but this is by no means a prerequisite for starting up. In fact, whilst you may have organised an unforgettable ceremony for yourself, you should be aware that planning weddings for multiple people at once, dealing with disparate demands from multiple brides, grooms and suppliers, is a whole different story.
Indeed, whilst event planning experience is always good preparation for becoming a wedding planner, Chapman believes that experience of an office environment is even more beneficial. “I would say 80% of the job is administrative – only a very small percentage of the job is creativity,” she explains. “PAs and secretaries, in particular, make very good wedding planners.”
TOY MAKING: The local toy industry is becoming keenly interested, gone were the days when 99% of toys are imported from overseas market, recent study has shown the strong initiative in developing local contents in toy productions, our local toys are also in high demand both locally and abroad, the humor in African folks and tricks favors this genre of technology, games, game boards, masks, educational toys, models, puppets and other types are fancifully created to serve as income earner. Visit the beach side, amusement parks, Stadium complex, Trade-Fairs, Swimming pool side, etc. and see many attractive toys produced locally. With little capital of about 20K you can venture into this business.
INSURANCE BROKERAGE AGENT/SELLING INSURANCE POLICIES: This is growing enormously and the future market is very great. Most insurance companies have training facilities for agents who are mostly paid on commissions. Men and Women act as sole proprietor, operating their own business in their own time, the opportunity to earn is limitless as long as the policy is still active and the premium is paid you will continually receive your commission as agent. Many Insurance firms are willing to put you through their working operations in order for you to succeed as the arrangement is a mutually benefiting one.