Personally, I would tend to start with the simpler services, but even a weekend business would likely require some part-time, energetic people to help with the basic work as soon as possible. If you do hire people, make sure that you follow the labor laws and that includes getting worker’s compensation insurance!
A few years ago, I overheard a conversation in a gym about a fellow who was planning on starting an Irish pub, of which there are close to million (well almost a million) in Boston, but then changed his mind and opened a pub focusing on craft beers. It was wildly successful! In addition to being a unique idea at the time, he also chose an excellent location and developed a solid food menu. Unless your overhead is extremely low, you are probably going to need to serve food to make a go of this business, so yes you can be extremely successful–but it is no small undertaking.
It seems that just about every business I’ve been involved in hires home-based editors, who work on a freelance basis and set their own hours. Generally, this work falls into three categories: 1) Developmental editing or making highly substantive changes; 2) Copy editing or wording and grammar improvements; 3) Proof reading. Many editors specialize in one aspect of editing, others cover them all. You may further specialize such as in technical document editing.
One time startup costs could consist of things like purchasing your food truck, register or point-of-sale (POS) system, truck wrap, website design, office supplies, advertising and PR, and any professional, legal or consulting fees. While that list is not comprehensive, it gives potential food truck owners an idea of the things that will need to be paid for up front.
To be successful, you have to rent a lot of items, because the rental fees on even expensive products like cars or boats can be relatively modest. On the expense side, you have marketing costs, repair, and maintenance, to name a few. Liability insurance can also be high. Even if you get people to sign a release, you can still get sued on the basis of having rented out faulty equipment.
Forbes established its top 10 list using data from Sageworks, a financial information company that compiles lists of the fastest-growing industries with low start-up costs. The top 10 businesses in late 2014 according these these criteria are:
This is one of those businesses that not everyone wants to do, so the profits tend to be above average. Furthermore, you don’t have to collect just by telephone. You can send emails, mail letters and more. Make sure you know all the legal restrictions before you start!
Gardening is really big. Many people like to do their own gardening but they can use a little bit of help! That’s where you come in! Maybe you specialize in flower gardens or vegetable gardens, or even something more exotic. You will need solid expertise, but you will find a clientele willing to pay for it.
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.
Did you major in a subject like English, history, or math in college, or do exceptionally well on the SAT exam? Do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share, and phone calls will often trickle in. You can get going locally or expand across the country by offering to tutor online.
With all my experience in book publishing I am not going to tell you that this is an easy business, especially with the domination of players like Amazon. But if you pick a defensible niche, keep your overhead low, you could develop a decent business.
This is possibly one of the most cost-effective businesses to launch, due to its near zero starting cost requirement. Most tuition-teachers take classes in their own homes, thus eliminating any expenditure on rent and supplies. The only effort you need to put in as a tuition teacher is to take to advertise yourself on social media or go the old school way with flyers and ‘word-of-mouth’ recommendations.
A vending machine business is easy to start up and maintain. Because vending machines have evolved beyond candy and soda machines, the opportunities to grow with a new vending concept are favorable. You can begin the business by purchasing machines from a supplier and establishing relationships with business clients who will use your machines.
Once you start servicing someone’s aquarium regularly they will come to trust you and view you as an expert, so you will be a in a great position to sell them new fish, new accessories or perhaps once they have seen the pictures or a video—that big new aquarium!
Put together a comprehensive marketing plan including signage, online and local newspaper listings, and neighborhood flyers. Don’t be shy about contacting everyone in your email database and trumpeting your event on social media!
As you develop this business further, the sky is the limit. You could expand not only into additional tests, but also into college admissions counseling. One of my classmates from business school offered test prep and college counseling with a single complete package being priced at $50,000! I met a woman at one of the co-share centers at which I worked who previously worked as a college counselor and had been successful enough in her college testing and admissions counseling service to add several full-time employees. Granted she had previous experience as a college admissions officer and co-authored a book about college admissions, but if you can read a book you could get up to speed on this process too!
Earning money on GigWalk is similar to working on Task Rabbit—not a bad side business idea if you’ve got the free time. You get to choose from an amusingly diverse range of jobs from taking snapshots of restaurant menus to counting the items arrayed on supermarket racks. It won’t make you rich though, with payouts tending to congregate in the lower half of their $3-to-$100 range. But, if you’re looking for a steady little side business idea, it can’t hurt doing a strange but fun errand and getting a tip at the end. When you’re bored or a little short on cash, you can access GigWalk anytime, anywhere via their mobile app. Meanwhile, all the jobs specifically vetted for you will be within reach (ideally, just a brisk walk away).
Many businesses and civic institutions need individuals who can clean their offices and common areas outside of normal business hours. If you’re willing to work some nights and weekends, you can build a cleaning side business and get in shape all in one fell swoop.
Interior room painting or wallpapering lends itself to part time work better than exterior house painting. Often a home owner wants just one room done. And you are not weather dependent—so you know you will be able to get a job done on Saturday for example, come rain or shine. As your experience grows you can charge a lot of money for quality interior painting and wallpapering.
Define your management and financial structure: the operating agreement should define how your LLC is going to be run and how the finances will work – including who will share in the profits and what will happen in the event of a disagreement. If you do not have an operating agreement, you and your partners will have a much more difficult time resolving financial or management disagreements. 
I would like to help my husband feel he has worth. He does not have a college education but has a super high IQ. He has medical issues that keep him from getting a regular job. He is contacted from time to time by the gov. to correct blue prints and schematics. How can we turn that into a business for him? What would I advertise?
Do one thing well. Don’t try to master SEO, social media, online advertising and email campaigning all at once. Make an educated decision about where to focus your efforts based on your knowledge of your target market, and stay there.
Start part time and build this business carefully! Only buy items you are confident that you can sell relatively quickly for a good mark-up, and avoid getting stuck with slow moving inventory. To really succeed, develop deep expertise in a specialty and build a loyal customer base.
Note that many of these ideas could have been listed in more than the single category I placed them in. But I thought it would easier and more interesting for you, if I only listed each business once.
If you’re thinking about starting your own home-based business, the available options can seem overwhelming. What type of business is the best fit for your background, skills, and interests? If you don’t have a lot of initial capital to invest, which ones can be started at a low cost? And, most important, which home business has the best chance of succeeding, especially with the U.S. economy still on the rebound?
You will need the following information to apply for an EIN: the name of your LLC, the name and social security number of the owner or managing member of the LLC, the business address, the country of incorporation (United States or a foreign country), the number of members in the LLC, and information about what types of services your business supplies.
If you want to put your pet sitting services to the next level and you have enough capital, why not establish a pet shop? You can start buying pet foods, supplements, grooming tools, cages, and etc. You can even breed and sell puppies, cats, love birds, reptiles, aquarium fish, and many more.
A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that’ll keep you outdoors and moving your body on the weekends.
That being said, you don’t have the benefit of Amazon promoting your course. You have to do the promoting yourself through your own website, your email lists, and possibly through affiliate partnerships. You also need to create a compelling sales page that will convince visitors to buy from you.
Tax Calculation: Tiered based on taxable gross receipts. LLCs with between $150,000 and $1 million in gross recipes pay $150. If you form an LLC during the second half of the year, your first year’s CAT is $75.
It is very hard to describe what I look for in a good factory beyond “a good feeling”. I think it comes with practice. I suggest that once you have spoken to them, try having a chat over Skype. If their English is so bad you can’t really communicate, then it is probably not going to work out.
Also SUPER IMPORTANT: ya gotta have a website. Just set up a basic WordPress site with your NAP (business name, address, phone number.) YouTube has loads of info on setting up basic site. A few weeks from now I’ll have vids up showing you how to make the site better. DO NOT pay somebody to set up your WP site. You NEED to know how to do it YOURSELF otherwise you won’t know how to edit it.
Your target market. Who are you selling to? Don’t be afraid to get mega-specific here. Age, gender, location, income level — all of it’s relevant, and the more specifically you can define your market, the more effectively you’ll be able to sell to them.
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Your platform should give you the flexibility you need to stand out, the data orchestration you need for operational efficiency and the low total cost of ownership that lets’ you reallocate dollars to marketing spend, not technology debt.
Once you’ve gotten a better idea of what business planning entails, we highly recommend checking out some software solutions. Taking advantage of business planning software is the most efficient way to create a beautiful, thorough business plan.
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.