The comfort and perks of owning your own business and keeping flexible working hours are too good an opportunity to let go of. The daily grind which most of us don’t even like is becoming less attractive for most people out there. This is the major reason why many are looking at the changing work environment around us.
More people are trying to look for side ventures or a contingency plan that not only earns money but provides them the opportunity of doing something they are passionate about.
Due to cultural changes and the current state of the economy, the chances of starting a business from scratch with little/no capital are looking bright. In order to increase your chances, ambition and belief in your own potential are vital. Not all the industry giants that we see around us had grand beginnings. Some started small, like Facebook and Microsoft. But today, they are multi-billion dollar projects.
Here are ten such endeavors that can become profitable businesses with minimal monetary input.
Blogging and WordPress Developers
This is a potentially very successful venture for all newbies with special writing skills and creativity. It takes only a few bucks to start this up. It is really easy to acquire the skill set needed to become a successful blogger/vlogger. It is definitely an extremely profitable work. A few basic know-hows of SEO are required, along with basic knowledge of WordPress. One just needs to be creative, charismatic, and original to make it a success.
The internet has definitely changed the way we look at things. Communication has become much easier, with more advancements to come in the future. Most homes have children, and those children need proper tutoring for difficult subjects. With a proper internet connection like Xfinity Internet, you can start earning at home through different websites like Fivver, Upwork, and Freelancer. In addition to that, because there’s nothing like an in-person tutor, having kids over at your place or going over to teach them at their place is really an awesome way to earn good money. If you have a little money to spare, you can also start a tutoring service by hiring some other tutors with specialization in certain subjects and previous teaching experience.
This is for professionals with prior experience or for people who are experts in a certain field of work. It can be relevant to technology, educational services, legal guidance, or the business essentials. You can easily start an online consultation agency or start a small venture that is even home-based in the beginning. All you would need is some initial investment to purchase an online domain, as well as business cards for marketing.
Event and Project Planning
Another amazing and very popular industry that’s on the rise is event management. Yes, it does take an initial capital investment, but the rewards are limitless, and the opportunities for growth are great. Keeping it close-knit and small goes in your favor, as it means you can maintain quality and cut on costs. You can start this at home, and arrange to meet clients on your own turf or visit them whenever required. All it really needs is an eye for details and good organizing/managing abilities. Begin with a few tailored birthdays and retirement parties for people you know, and then extend your services to bigger clients. Once your reputation is built, the business will come to you.
Airbnb/Bed and Breakfast
Have some extra space in your house? Rent it out to tourists to make money. Airbnb allows you to turn that space into a private rental, and if you can provide regular meals, that would be even better. If possible, you can also turn your place into an exclusive bed and breakfast. There are many people out there who are earning tons out of renting out their properties.
Are you a good cook? Do know the craft of baking and savory delights? Then I have the perfect idea for you. Starting a homemade goods business is fun and can pay a lot if you have a love for cooking. It’s a rewarding gig, not just in terms of monetary benefits, but also because it satisfies your inner cook who loves to see the pleasure in another food lover’s face. You can boost sales through online promotions or by putting up booths at different festivals/carnivals. Just be mindful of the rules and regulations, and you’re all ready to go.
Start with purchasing a website and promoting yourself online. Offer cheaper rates for the promotion of services, and once the business is established, increase the rates for the offered services. You don’t need any proper education in online marketing. A few courses in SEO and marketing are all that you need to make a difference.
No investment is required if you already have an excellent product to sell. No physical storefront or staff is needed either, as you handle everything on your own and online. Your customers are from all around the world, and so the opportunities for growth are endless. Use your living space as a storage unit for your product(s). Market your brand name online and locally through flyers. Use social media platforms and Google, and you’re ready to conquer the market.
Any business needs a proper logo. You need a graphic designer to make it an appealing one. Some solid courses in professional graphic design are the best way to go about creating your own business. You can start with freelancing websites. Once you’ve established your name, you can start your own venture. Flexible working hours make sure that you get to handle clientele from around the globe. A good computer and Photoshop software are required to set you up, and you can easily start creating flyers, magazines, and cover pages.
Social Media Consultant/Off-Site Assistant
This is a business with unlimited potential and clients. Learning the social media essentials and tools can make your job so much easier. Social media is a proper field for which proper certification can be acquired through Google and Twitter. The same goes for becoming an off-site assistant. More and more companies each day are choosing/allowing people to work from home. It creates not only flexible hours, but there’s also the possibility of acquiring talented people who are otherwise not able to work proper office hours. So becoming an off-site assistant is another profitable endeavor which doesn’t require any professional training or investment.
Everyone has a fear of failure and apprehension when embarking on a new adventure. What’s important is to be clear about what you deem important and to invest time into researching any new possibilities that come up. The internet has created new avenues and has made it possible for everyone to profit from them.