When I was running my book publishing company I developed a series of books called the Everything series and I negotiated a deal to buy the “everything.com” domain from a company controlled by Microsoft co-founder Paul Allen for over $100,000. The market for good domain names isn’t going away and you can make money trading these names, but I would be careful in putting too much money into names that are “almost” great names.
While it’s incredibly difficult, and requires a big investment, to open up a new operating business, introducing clients to existing businesses is an idea that can hardly fail you, if done properly. The concept is simple – find an existing business that is looking to recruit clients, and willing to accept introductions. Most businesses will be happy with something along these lines as this sort of deal is performance based. There’s not risk on anyone’s behalf.
Evaluate your talents. Keep in mind, there is a huge difference between talents and things you enjoy. Just because you enjoy something does not mean you can turn it into a business. Think about your skills, or the hobbies that you do better than anyone else. Your business can also be based off of a professional skill you’ve developed or been educated in.
This is a nice little niche business with a strong personal service element and a market that’s not just looking for the cheapest product. Netting for railings, cabinet door catches, safety coverings for electric outlets, door locks…there are lots of safety elements that need to be changed to make houses safe for babies and toddlers. Do your research carefully and make sure you are not missing any safety elements.
Health and fitness services are being rebranded to become trendier and more sociable. Opening a health club or gym targeted specifically to millennials could be a great way to capitalize on the fitness trend, especially if you focus on creating a strong, fun and engaging social media presence to really connect with young members and potential customers.
Advertising and marketing companies are always looking for freelance copywriters to help with their creative projects. You can set up a home office and put your creative and marketing savvy to good use.
It takes some time to grow an audience and find ways to monetize your blog, but if you love to share your point of view with the world, this can be a good way to work from home. Niche blogs are a particular area of growth in this ever-growing profession. Pay can vary widely, but the income potential is nearly limitless.
There’s no denying the global marketplace is growing. All that cross-cultural communication is creating an increasing need for translators. According to the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook, the hiring of interpreters and translators is projected to grow by 46 percent by 2022, much faster than the average for all occupations. This means it’s a big business opportunity for entrepreneurs who can bring foreign-language speakers together with businesses in need.
You can put a big sign on top of your truck or pull it around on a trailer. This is particularly powerful for local businesses because you can offer pinpoint marketing—driving around the same business block for example. You could also offer a service to hire people to agree to have a commercial sign mounted on their cars as they drive around town doing their usual thing. For example, a Boston radio station arranged to have hundreds of small VWs to be painted with their logos, paying each car owner a monthly stipend. How big can this business go? Well CNN/Turner Broadcasting founder Ted Turner made his initial money in the billboard business!
In that case, you buy the building and hire a management company to handle the day-to-day hassles. I once tried to sell one of my online businesses to a 40-year old real estate billionaire who started out his business with just a couple multi-family homes.
To start with almost no cost, and to get a feel for what kind of work the business might involve, sign up with TaskRabbit.com, an online platform that connects people who need errands done with those willing to do them for an agreed-upon price. This eliminates the need to spend money on marketing yourself (at least at first).
This is good specialized business with a specific, clearly defined market to target. Until you have started to gain momentum you might want to find someone you can rent a horse trailer from on an as-needed basis. Then buy your own trailer after you start to build your customer base.
With the byzantine complexity of modern medical billing practices, there is a definite need for patient advocates. These individuals take the time to track down hospital billing paperwork and potentially argue with insurance companies. Considering the fact that many of those who need to hire advocates are either ailing or grieving, this is a very necessary service.
I view a café as positioned somewhere between a sandwich shop and full service gourmet restaurant. You will be cooking a lot of items but not everything, and your dining space will be simpler than a fancy dinner spot. So, you save money on buildout both in the kitchen, the equipment and the dining space. And you won’t need as expensive a chef as you would for a full-service restaurant. Furthermore, if you choose your location well you could have a good lunch business, as well as a dinner time business, and you could do fine in the late afternoon time slot too. Then of course you could offer breakfast as well and really fill in your day!
I am 3 years away from full retirement but would love to do it earlier and get out of the rat race and learn new skills. I have plent of office experience and working wiith numbers and pc’s. Can anyone give me an estimate of the cost of the online schools for certificates in medical billing? I looked at some of your links to the schools and I know I can ask them for info, but woud like to get an idea of the cost before I have someone contacting me without knowing first if I can afford to pursue this. I am very interested and thank you for wanting to help others.
Whether if it’s a new business or family that just moved into town, you can can refer them to restaurants, accountants, lawyers, landscapers, babysitters, or vendors. You’re biggest costs is networking, marketing yourself to the community, and placing ads online and in the Yellow Pages.
Much like the first point, once the time is right this process will help you to decentralize control and make handing over the reigns easier (so you can focus on growth). Sales and marketing, finance, HR and administration are all separate sectors to be cognizant of.
This is like a simplified version of a flower delivery service, but without an inventory that is constantly becoming obsolete! Plus, balloons suggest fun and light-hearted cheerfulness, perfect for many occasions!
I think a window cleaning business is an ideal way for someone to start their own business because of REPEAT customers. All you need is one large account (nothing too high) and maybe a dozen small storefront customers to make a possible $200 a day.
Web designers are incredibly valuable for technology companies—which is why becoming a freelance web designer is a top side business idea today. Web design is all about mastering the art of creating a beautiful, value-driven experience for the people using a website or app. There are always new websites popping up in need of professional web design, and foundational books like HTML & CSS: Design and Build Websites by acclaimed web designer Jon Duckett and Don’t Make Me Think by user experience legend Steve Krug will get you started down the right path to quickly determining whether or not becoming a web designer is a viable side business idea for you.
The key to succeeding is deciding which market you want to serve and designing your offerings specifically for that space. Also, as is the case with graphic design and Web design, being able to do something nobody else is doing is also a huge plus.
With people working 9- 5 they often do not have the time to walk their pets in the day. As a dog walker you would walk their pets for them in the day. This simple business idea could become profitable with a good amount of customers. If you are walking more than one pet at a time then you could increase your profit further.
EatWith is a great way to test the waters as a chef for your side business idea, and if you have enough rave reviews you might be able to turn your knife skills into a full-time endeavor where you’re leveraging your network to book catering events. This side business idea is built heavily upon getting happy referrals, so be sure to over-deliver for your first customers, and ask if they know anyone else who could be in need of your catering services.
Fancy yourself a poet? You can earn $300 for every poem you write that this greeting card company publishes—not a bad side business idea if you’ve got a way with words and aren’t afraid of rejection on poems that aren’t a good fit.
Figure out if you need additional insurance. Visit with your local insurance agent to determine if you are in need of any special insurance for your home based business. When you start a home based business, you immediately start exposing yourself, your family and your home to variety of risks and you want to make sure you are covered before it is too late.