Now that you have a few business ideas in mind, you’ve completed the first step of starting a business: you’re inspired! It’s time to take the next step, and evaluate the business ideas that made it to the top of your list. Doing this research at the beginning of the process is vital to avoid wasting time and money on a business idea that flops.
To illustrate the effect, Google’s cost-per-click for digital ads is $10. Spend that same ten-spot on Facebook, and you get 10 clicks. It’s just one reason I predicted last year that Facebook will beat all other digital marketing channels.
If you spend a lot of time in the gym, why not capitalize on it? People make promises at the beginning of each year to get in shape, so be ready to heavily promote your services in November and December. You’ll also need to be ready to get people in shape for the summer, so make sure to get the word out around March each year. If you really want to make money with economies of scale, create a ‘boot camp’ class and charge admission.
It works by taking advantage of free bets regularly offered by betting sites through ‘matching’ them at a betting exchange. Matched betting eliminates the risk (you are betting both for and against a certain outcome).
Suppose I was to tell you that I would pay you up to $15 to process rebates from various products and companies. I would send you a list, you proces the rebates and you get paid twice a month. All you need is a computer, internet access and our training program. Would you be interested? Chances are you would be! I know I would be too! Lucky for you that I stumbled across some crazy back door information about the rebate processors position that’s going to knock your socks off. Trust me when I say you’ll be so thankful that I go to the bottom of this opportunity.
Investment: Opening a brewery can mean high startup costs, depending on the size of your operation. The costs include brewing equipment, construction on a building to get it fit for your brewery, permits, licenses and insurance.
Wouldn’t you enjoy making kids smile and laugh? What a great way to earn some good money, especially at kids’ birthdays and Bar and Bat mitzvahs! Business will be heavily focused on weekends, so you can hold onto your day job as you build your clientele. I met a professional clown who told me that he charged $200 an hour…for that price I’ll put the clown suit on right now!
Salvage and resell. Do you love antiques or have a knack for finding valuables at flea markets or yard sales? If you do, it might be time to consider salvaging items for resale – or even scouting out antiques to sell for a profit. While you’ll need to spend quite a bit of time searching for prospects and spend some money buying upfront, you could easily turn a profit if you know what you’re doing.
You just visit the Ebates website and click through to the store you want to shop at. If you buy from the store Ebates gets a commission that they split with you. It’s an easy way to save. Click here to sign up for Ebates.
What They Do: “At Liberty Mutual, we embrace all that fulfills and inspires you. We create a workplace that gives you more room to stretch. To raise your voice. To be not just an employee, but a changemaker.”
It’s not impossible to compete with the mammoth retailers out there—the success of the various “Dollar” store chains shows this—but it is very, very difficult. You especially need a very carefully developed strategy that clearly differentiates your business and gives shoppers a clear reason for choosing your store.
Potential challenges: You will likely run into serious competition from repair shops and phone provider service programs, such as AppleCare. You can lower these risks by offering your services at a lower cost.
And you are a practitioner and enjoy teaching, why not share your expertise with others and become a yoga instructor? Business opportunities range from setting up your own commercial yoga studio (either in a retail building or as a home-based business) through freelancing and teaching classes in different venues.
After several years, India is once again witnessing a boom in different brands of beers. You too can enter this market by opening a brewery and launching your own, unique brand of beers. This is a very high investment industry.
At this time a thought occurred to me, those companies that were laying off data-entry professionals like myself still had those mountains of work I processed each day, and they hadn’t rehired anyone to take care of them. How were they handling this situation? The data-entry wasn’t going to do itself… The next morning I picked up the phone and called some old contacts in HR departments in some of the most important companies in Silicon Valley and across the world. It was exactly what I had suspected, the work still needed to get done, but they had to turn to outsourcing to reduce their costs.
Wedding photographers command premium rates. After all, you are capturing one of a couple’s most important life moments, making it a very lucrative side business idea. Many professional wedding photographers charge between $2,500 – $10,000 (or more) to shoot a wedding, so it’s realistic that this side business idea could quickly blossom into becoming a full-time endeavor with the right happy clientele base that’s willing to refer you to their friends and family. Check out the Complete Wedding Photography Experience over on CreativeLive to get up to speed on everything you need to launch a successful wedding photography business.
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.