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Pinch those pennies. Plan to keep purchases of office equipment and overheads to a minimum when starting up. You do not need amazing office premises, the latest in office chairs and pricey artwork on the walls. A broom cupboard in the best address can be sufficient if you can artfully steer clients to the local coffee shop for meetings every time (meet them in the foyer). Many a business start-up has failed by purchasing the expensive gizmos instead of focusing on the business itself.
Pet grooming and boarding are also businesses where convenience and distance matter, making them perfect ideas for rural businesses. No one wants to drive two towns over to drop their pet off for a trim, nor drive back to pick them up. Since most small towns don’t have a pet specialty chain such as a Petco, businesses can also capitalize on the lack of a major pet store where owners would usually purchase food, toys, and clothing for their pets. If you plan your business well, you can become the one-stop shop for all things furry. And that translates to big profits.
User Testing hires people to test out websites. Each assignment pays $10/$15 for 20 minutes of work. To become a tester – submit your email address and apply. Testers must take a sample test before receiving any assignments. This gig is open to the US and International residents alike who can receive payments via PayPal. Each test takes about 15 – 20 minutes.
There is a big difference between mowing a lawn and performing a full landscaping service. At the highest end are landscape designers, who design elaborate and unique landscape changes for your property.
Another option is to open a franchise of an established company. The concept, brand following and business model are already in place; all you need is a good location and the means to fund your operation.
Steve Gillman is the author of “101 Weird Ways to Make Money” and creator of EveryWayToMakeMoney.com. He’s been a repo-man, walking stick carver, search engine evaluator, house flipper, tram driver, process server, mock juror, and roulette croupier, but of more than 100 ways he has made money, writing is his favorite (so far).
One major reason why? Technology has enabled the phenomenon known as open innovation to thrive. Open innovation is a paradigm shift that embraces the benefits of transparency and collaboration as they relate to idea-sharing. Dr. Henry Chesbrough, a professor at UC Berkeley’s Haas School of Business, first described the concept at length in his 2003 book of the same name.
If you have the experience working for a company that does home repairs or contracting work, then you can fairly easily start your own contracting business where you offer various services to homeowners.
When you need professional help to launch, expand or relocate your business in New Jersey, we are your “one-stop” resource for everything you need. Make one call to the NJ Business Action Center (BAC).
Some might start out as employees or apprentices for other businesses and then gradually build up the skills and experience before they set out on their own. But with the right idea and determination, they can make their dreams of having their own small business come true.
As long as you know multiple languages, you can build a business by offering translator services to individuals or businesses in need of assistance converting conversations or documents from one language to another.
You can start as a personal trainer at a local gym. Then try going out on your own. Being known for a particular expertise can help. Then someday you can open your own gym. Maybe even franchise it and go global!
Potential challenges: Starting a food business can be complicated, as you’ll have to deal with permitting requirements and health department regulations. Other obstacles include securing a desirable location and fierce competition, although these factors may depend on your local market.
As part of your marketing, you can share the impact that your customers are having by supporting your business, such as a blog post covering your work in the community or a real-time impact calculator on your website.
8. Approach companies that manufacture similar products professionally. Some companies that embrace open innovation outline their submission processes on their websites. Others rely on third party software and forms. For many years I called to get in, which is still very doable. These days you can also use LinkedIn! Companies that manufacture similar products are your potential licensees.
If you’re thinking about starting a business, you likely already have an idea of what you want to sell, or at least the market you want to enter. Do a quick search for existing companies in your chosen industry. Learn what current brand leaders are doing, and figure out how you can do it better. If you think your business can deliver something other companies don’t (or deliver the same thing, but faster and cheaper), you’ve got a solid idea and are ready to create a business plan.
In the past, I’ve discussed how it’s a good idea to spend your spare time dabbling in entrepreneurship: It fills your time with something that you choose (and thus you enjoy) and sets up a potential long-term revenue stream. I also discussed how I got a side business going myself.
Yes, you can learn how to repair smartphones. You can buy parts (you should inventory more common ones) and you can watch videos on YouTube that show you how to make repairs. I have been to a small shop in Cambridge that specializes just in fixing casing and glass on smartphones. You can make good money but it will take some patience to get going. A storefront, even a small one on a secondary street or second floor of an office building, will help make your business seem more established.
One additional thing to keep in mind is to make sure that your coffee shop design appeals to both a mid-day and a post-work crowd. Nothing says small town charm like a simple, relaxed business layout. Opting for a design concept that is genuine and modest will suit most customers and provide that small town ambiance patrons crave.
If you can’t market a product or service in Illinois then you might want to re-think things a bit. Illinois is truly one of the biggest cultural melting pots in America, so it has plenty of niche consumer populations. The challenge is not getting lost and in over your budget’s head.
According to the Innovation Benchmark report published by PwC this year, open innovation has become the most popular operating model around the globe. That’s the conclusion reached by a survey of over 1,200 executives in 44 countries. More collaborative forms of innovation, including open innovation, design thinking, and co-creation, have outpaced traditional R&D. I’m not surprised.
Craft beer is popular today, as are local, independently-owned businesses. If you’re passionate about beer, consider starting a microbrewery that offers unique flavors and quality products. You can experiment with different brewing techniques and conduct taste tests. You’ll also save startup money by opting for a smaller business rather than a large brewery or chain. Choose a lively location and plan your venture.
The Hartford offers a wide range of work from home positions including customer claims specialist, national account underwriter, and sales. When performing your job search, look for the designation: remote worker option – YES – to tell which positions allow you to work-at-home.
People will pay a lot of money to get their dog trained and you can provide the service. To get going you can read a book or take a dog training class yourself. This business would also be a great source of clients for dog walking services, if you want to expand your dog services empire!
If I missed any good ones, please share your best side business ideas in the comments below! If you’re ready to start a business while you’re still working full-time, join my free course, Find a Profitable Business Idea.
A lot of my friends fly planes. And in many cases their teenage kids do too! They all started with flying lessons. To get certified to the point where you can teach basic flying lessons in a simple, single engine plane, may be easier than you think.
Referrals and showcasing your work in an online gallery are two keys to gaining new clients. If you don’t have a lot of experience in photography but still want to pursue this business idea, try working as an assistant to a professional photographer to build up your resume.
There will also be some restrictions based on things like your location, business size/type and the amount of funding you’re seeking. Before diving into crowdfunding, microloans, social lending or any of the other options, make sure you fully understand their implications. We discuss all of these funding methods and more in our guide to financing a new business.