Yes, you can compete with the Starbucks and Dunkin Donuts of the world! However, these chains have raised the bar, so your coffee or tea must be not just good, but awesome! Your ambiance better be good too. Your location needs to be good as well. Plus, you need to be distinctive. One way to stand out is to compliment your world class beverages with some fabulous foods. So yes, you can compete, but you’ve gotta be firing on all cylinders in this competitive space!
There will always be someone who will do what you can do for cheaper. There will always be someone who does what you can do better than you can, at some point or another. The idea is that you can create a product, or market yourself, with the backing of an idea or concept that makes you stand out form the rest. People will buy what works as a general rule. We look for solutions. However if you have something that people can get behind, a reason as to why they should use you for a service or buy your product, then you can market yourself for whatever you want and people will be much more obliged to pay premium prices.
Want to start a food business? A truck is a much less expensive investment than a brick-and-mortar restaurant, and according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.
I couldn’t believe it when I first heard how expensive window treatments were! But now I understand, they add a lot to the appearance of a house, and to the utility of particular room. There are lots of reasons why this is a great business. It is a combination of sales and service, especially if you are doing the installation. And people like to see the textures and colors you have to offer in person. You can start this business on a mobile basis with low overhead, calling on customers at their homes and eventually open up your own storefront.
If you’re not sure where to find a mentor, SCORE is a great place to start. SCORE mentors are free — just visit www.SCORE.org to find a face-to-face mentor near you or a mentor to contact via email or Skype.
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off (Insure.com went for $16 Million in 2009) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side business idea. But beware: some experts doubt the long-term viability of this business idea, so you shouldn’t quit your day job just to put all your effort into this one without some successes already in the bag. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names. Imagine owning desirable domain names for the next decade’s most innovative companies.
There are at least three teenage entrepreneurs who’ve already earned astonishing amounts of money by launching hand-made jewelry business ideas: M3 Girl Designs’ Maddie Bradshaw, Bella Weems of Origami Owl, and the girl behind DesignedByLei. With the industry set to shine in the near term via a brisk annual growth rate of 5-6%, the market is ripe for new entrants to this business idea who can offer sparkling new takes on how to craft appealing handmade goods.
Get a post office box for your business. This is especially important if you have business cards or will be regularly corresponding through the mail. The simple fact of the matter is that PO boxes look more professional than using your home address.
I have done approximately over 7 thousand envelopes for one job in less than a month…thats with writing the addresses on envelopes folding the car ads and sealing them and placing them by zip code into mail buckets.
While licensing requirements for massage therapy can vary from state to state, the National Certification Board for Therapeutic Massage and Bodywork can help any budding masseuse fulfill their local requirements. Massage therapists can either work out of their own home or make house calls with a portable massage table. Median salary: $34,900.
If you had a knack for standardized tests and had no trouble acing the SAT, ACT or other college exams, why not start tutoring high schoolers as a side business idea? Parents of all economic backgrounds are more than willing to shell out upwards of $100/hr to the right tutor, if it means their son or daughter will get admitted to the college or university of their choice. See this quick checklist for starting an SAT tutoring business from the Work At Home Mom. Whitney over at Rookiemoms also has a cool story to share about a stay-at-home mom making $40/hr helping kids out with homework and turning it into a profitable side business idea.
The market for daycare is gigantic! Of course, you can start in your home or in the workplace. Corporations may consider providing you with free space if you provide day care for their employees’ kids. Safety and licensing are essential for this business. You can quickly build a steady income and a valuable business.
To succeed at this business, I would carefully perfect a few interesting smoothies drinks. Then I would search hard for a location with very high foot traffic location. I would much rather have a tiny location with lots of traffic and high rent per square foot, than a much larger location with the same total rent but less traffic.
Cool! For now Im doing Craigslist business… I buy cheap stuffs in eBay then sell in Craigslist with profit. It works but it takes time. Im not a sales person who can talk to sell someone about the product. Im a normal quiet guy. But in Craigslist I just wrote down the description of te product Im selling then post them. No need to sales talk someone will just email you if they want to buy that product. But I only meet in public places, with busy area so its safer. I hope this one helps 🙂
The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
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!
Hi, I really enjoyed this article. I think everyone has a skill they can market like being a VA, writing, web design etc for some extra cash. I think the main thing to consider when starting a business is if you can run the business with your day job. It’s great if you can build a service based business to work from home but it takes time to build these business to replace a wage – it took me three years. Great post!
Take the time to create a space where your employees want to spend their time. Think about it — you spend more of your waking hours at work and with fellow employees than anywhere or with anyone else. So isn’t it worth taking the time and money to create a place that people enjoy working? What is the culture at your company? Do you have a strong set of core values and do your employees value these standards? Building a company where people want to go to work is one of the most pivotal ways to building a growing and sustaining company.
The closest I came to knitting was repairing rips in the sails on my boat, but there a are a lot of people who want to knit and crochet—and you can show them how! You could start with a class at your house or perhaps at a local knitting store. Maybe offer an entry level course at the local adult ed program to get going.
All of these ideas require some background in the area, but they are an ideal way to use your already-acquired skills in a work-from home business. And even if you do not already have the necessary training, there is nothing keeping you from getting certified in order to start your home-based business. If you do not currently have enough money to get the certification you need I would recommend saving a little each month until you have enough to pay cash. If that is not an option or you are desperate to get out of the grind, then you can check personal and student loan rates from various banks at SimpleTuition.com or learn more about Peer to Peer borrowing in my Lending Club review.
If you’re a fast typer with an ear for dictation, than transcription might be right for you. A lot of different businesses require transcription, from medical practices to attorney’s offices, and will pay handsomely for quality work. Why not be the service to meet their needs? All you need to start is a computer, an internet connection, and the will to build a network of professionals and gain their referrals.
I’m not as excited about the profit potential from podcasting as some other people are. It just seems to me that everyone is doing it and people generally expect podcasts to be free. But if you develop a strong enough following you can sell advertising or sponsorships for your podcast, then you can build a decent business.
I like these ideas! Besides being good ideas in themselves, they stimulate MORE ideas! Some of them reminded me of something I was reading about called Craigslist arbitrage – buying low and selling high on craigslist, kind of like the first part of the old Oregon Trail game, but with washers and dryers and bicycles instead of cases of crackers and horses. Sounds like fun! Anyway, that one about the pooper-scooper business, that works, I know because I was quite successful in the pooper-scooper service I started back in 1988! I’ve been in the industry for 25 years now, though I don’t go out and scoop any more.
One of the easiest ways to screw up your business accounting and possibly run afoul of the IRS is to commingle personal and business funds (and transactions). Using a business account for all business transactions eliminates that possibility.
A really good list of ideas there, thanks. I would advise people to tread very carefully if choosing the trading option, as you have stated it is high risk and there are a lot of people out there promoting automated trading signal programs – these do not work! please do not invest in any of those types of programs. What I suggest you do is invest in some training that will teach you how to build a successful and profitable business. I did just that and chose the Affiliate Marketing business model. I have now been working this full time at home since 2013 and I love it! If you want further information and advice I suggest you check out this website: http://www.starting-a-online-business.net
There are thousands of online users who work from home and make an internet living creating YouTube videos. In fact, PewDiePie, YouTube’s most famous online celeb, makes millions a year with his wildly ridiculous videogame playthroughs.
Similar to selling on Amazon, eBay is a place to make money selling just about anything you can think of as a side business idea, with the added excitement of using the auction selling model to sometimes get way more than you expected for that antique baseball card you picked up at a local street fair. To turn your eBay selling into a legitimate business idea, look for opportunities where you can buy in-demand products at a discount—and later sell them for a profit. Eventually, you can even take the lessons learned from your eBay store and build a full on blog or eCommerce business like what the team over at Gear Hungry has done.
What makes drop shipping so attractive is exactly what lands it on this list; there are no big startup costs or expensive investments in inventory. You can sell products online, collect payment, pay suppliers, and let them send out the products — even using your company logo if you like.
Yes. Blogging is alive and well. Best of all? It only costs a couple of dollars to get started. Patience, along with a basic knowledge of SEO and being able to create quality content is essential. If so, you may be able to join the top bloggers who earn high six figures.If you’re charismatic and have some knowledge to share, then you can start a YouTube channel for next to nothing. People, like PewDiePie, are seriously making six-figures doing this.
Some people have no time. They may have a job that requires lots of travel or an executive position that has them working around the clock. But you can make their life easier offering personal concierge services!
Kerry Hannon, AARP jobs expert, is the author of What’s Next? Finding Your Passion and Your Dream Job in Your Forties, Fifties, and Beyond and Great Jobs for Everyone 50+: Finding Work That Keeps You Happy and Healthy … and Pays the Bills. Follow her on Twitter @kerryhannon.
Many direct sales companies offer a FREE starter kit if you meet certain milestones during your first 30 – 60 days. In fact, Angie Nelson has a great list of companies that have an earn your kit option. Need even more ideas? Here are some internet businesses in the fashion industry that allow you to set up shop for FREE!
There is a growing trend for personalised clothing with some companies now charging a premium for personalised trainers. You could start a business creating uniquely personalised items of clothing. As all the products would be unique there would be a lot of potential added value.
I am thing about starting a nonmedical senior care services. Can anyone provide some information on what services or area of service would be best for a one person type of operation. I would welcome any information…Thanks!
I’ve found that fear often stops aspiring consultants from starting a consulting business–or any business–and on my blog, I talk about how to overcome those fears. I also talk about practical, concrete things you can do to start and run a successful consulting business, along with tools, tips, tricks, and techniques for automating your business and keeping costs to a minimum. The info I give is applicable to most other types of businesses as well.
Even in the Internet age a lot of people enjoy going to flea markets. To succeed in this business, you first need to be able to sell space to vendors. Then right from the first event you need to bring in enough visitors, so that your vendors are happy, and will come back again and again.
This seems like a fun and easy business and it can be very rewarding. However, it is very competitive and can be hard to break into. Interior design is also increasingly sophisticated, with software design simulation and specialized educational backgrounds becoming more common.