To succeed at car resale, you need to find a great source of used cars at a good price. Sources to buy cars include: car dealer auctions, bankruptcy auctions, new car dealers selling older cars they don’t want on their lot, government car auctions, and rental car agencies. You can also watch for bargain priced cars being advertised by individuals, but you need to snap up the best deals before someone else does. Focus on just a couple cars at a time, so that you can try to keep your overhead low by operating out of your house, and keep your profits up by choosing your cars carefully.
If it does not exist, create it. If you have an idea-ideas or skills, think of how to use your ideas or skills to create a business and to put it out there to see what it can attract and what you can create. Many successful businesses started with an idea and that idea has become a success “from one person business to global corporations”. Failure is an attempt at success, if you don’t give up and modify each attempt, then each attempt can become a success.
Your milestones. What have you achieved so far? What do you plan to accomplish within the next 3 months, 6 months, 2 years? These are subject to change, of course, but it’s important to set goals for your business regardless.
If you’re somebody who go to office everyday, a loading business can be a good sideline. There are a lot of employees in the company who can be your target market. Good thing about the loading business is your product doesn’t spoil unlike foods.
Do a little competitive analysis (don’t let it lead to competitive paralysis though!) to see what they doing and more importantly not doing? Where are they falling down? What are they doing right? What makes customers go to them over you?
Bridal shows can be an important marketing venue for the purveyors of wedding goods and services. You could start in this business by helping vendors prepare their display spaces at various shows, and then at some point you may want to organize your own bridal shows.
If you know how to play an instrument well (particularly the piano or the guitar) and have patience, you’ve got what you need to teach others how to play. Offer lessons in that instrument to others – this can also be an excellent service to barter with, too.
Invent a product from scratch. Get it professionally designed and manufactured. Then work your arse off to try and convince people that they really want it and will buy it. This is the approach we follow and I documented for the table tennis bat cases in this post. It’s a lot of work and you run the very real risk of discovering that people don’t really want whatever you have invented.
If you haven’t yet found your entrepreneurial niche, perhaps you’ll spot a business that sounds promising (based on the criteria just mentioned) in the list of business ideas below. Some can be started as home-based business, others really can’t. Some require you to be an expert in a particular task or industry. Others are in fields that can more easily be learned.
If you ask people about an idea they will all say “YEAH! THAT SOUNDS GREAT!” And then they don’t buy. Get past this base level of feedback. To figure out if your idea has legs it helps to plot it on a demand matrix like the one below:
Making amazing homemade soaps and other spa products isn’t as hard as you might think – it just takes time and patience. Again, people value handmade items like these, which can easily be sold through local gift shops and websites like Etsy.
You could sell or repair drones, or you could provide one of an unlimited number of drone services. You could provide drone photography or video-taping such as of sporting events, you could offer drones for parties, you could offer drones to inspect infrastructure. There is almost no limit to what you can do with drones!
Profit is, after all, the ultimate goal of any successful small business. You should examine your business’ expenses (rent, materials, employee compensation, etc.) and then figure out how much you will need to sell to cover those costs and start generating a profit. This is known as a break-even analysis.
So glad I came across this post! I’m in the beginning stages and needed a go-to checklist. This is perfect. I do want to point out that your link to Launchrock is missing the “m’ in .com Thanks for the great info
This is a good solid little business but the income just from mail boxes is probably not going to set the world on fire. However, by the nature of this business you have a captive audience that you can try to sell just about anything else to. Often people combine mailbox rentals with shipping services for example.
This is a worker who handles any number of small tasks for a business or individual. Tasks include answering emails, data entry, scheduling, managing blogs, and even shopping. Anyone can become a virtual assistant. According to Indeed.com, the average salary for virtual assistants is $42,000.
Tree services charge a lot of money for their services and one reason is that this can be dangerous work. A tenant of mine was injured working for his own tree service. So, think safety first. Don’t take on a job that is over your head–or don’t be afraid to ask someone more experienced to help when you need it. You can also rent lift trucks and other specialized equipment when you need it.
You will want to be sure that you are using marketing which is appropriate to the type of people you expect to be interested in your product or services. There is little point in using social media to, for example, advertise a 55+ only cruise line. Meanwhile, if you’re advertising for your new dance club, a printed newspaper is probably not going to be your best bet. There is also no point in advertising a business only available in Chicago to people in Seattle, so consider physical location as well.
Shubhomita Bose is a Staff Writer for Small Business Trends. She covers key studies and surveys about the small business market, along with general small business news. She draws on 8 years of experience in copywriting, marketing and communications, having worked extensively on creating content for small and medium sized enterprises.
Another good small business that’s always in-demand is bookkeeping. It is one of the profitable businesses which you can start as a part-time while being in your home. If you’re good in organizing financial information, and able to perform general accounting duties, this is perfect for you.
With the wide array of digital marketing options to consider, not to mention traditional options, local businesses increasingly need outside help to develop and execute the best marketing strategy. To get going in this field you will need to be familiar with the most popular online and offline marketing venues, and be comfortable selling your services to local business people.
Whether it be for a client or your own project, you can make a serious business developing apps for mobile devices such as android and ios. You can develop games, utility apps, self-help apps, create your own social networking app, and a lot more.
If your house is placed in a very strategic location where there’s a huge traffic of people passing by your house, then you might want to consider putting up a sari-sari store. Based in my own experience, the sales can actually go up to P20,000 a day. Well, it’s because our house is situated on the main road of the subdivision and almost everybody is passing by our store.
This can be so inspiring for a chef on the rise, especially one who wants to join the growing trend of starting a food truck business. Much like starting any business, though, there are things aspiring food truck owners need to know before burning asphalt.
Like birthdays, marriages happen all the time. Which means you can treat weddings as a recurring fountain of business opportunities: wedding dresses and coats, jewelers, food caterers, venue providers, photographers and videographers, performers, flower shops, travel agencies, souvenir crafts, and a host of other ventures. Now imagine if you can form a network of these service providers so you can offer engaged couples a range of hassle-free wedding packages as a turnkey business idea. The process is certainly fun (and time-consuming), but as a side business idea, the pay can be pretty great.