Tired of your day job and want to start a business? Just looking for a side hustle that can bring in some extra cash? Luckily not all business ideas require getting venture capital and creating twenty page business plans. Here are five businesses that you can start this month and see your bank balance start to rise:
Reselling New and Used Items
From books to boots there are options to sell both new and used items from the comfort of your home. For those who love the thrill of finding hidden gems at thrift stores, you can sell your finds on eBay or other sites. There’s also money made by purchasing new items, often found on clearance shelves, and sending them to Amazon as a seller in the Fulfilled By Amazon program. Start small by investing $100 in products, and then reinvest your profits in more.
House Cleaning
Starting a cleaning business requires little more than getting your business known. Print up some business cards and give them to realtors and friends. Post photos of them to your social media accounts. The start up cost is low; in most situations, your clients will have the cleaning products they prefer on hand. However, always ensure you obtain appropriate operating licenses as needed.
Pet Sitting
A low-cost business idea perfect for animal lovers! Print fliers listing what services you provide and the areas you serve. Then, pass them out to people you meet at the pet park. Distribute them to animal clinics and pet stores. However, be sure to buy the correct business insurance to cover you in the event of an accident.
Working As A Virtual Assistant
Use your computer and communication skills to handle the email, customer service, and social media needs of others. You can choose to do what you excel in and then work for several clients.
Tutoring
From young children and college students to adults preparing for a professional exam, there are many opportunities to tutor. You need little more than a passion for helping people and knowledge in a specific area. There are also opportunities to tutor online using Skype or with companies that cater to a certain subject area. Keep in mind, however, accreditation or other licensing might prove necessary.
All five of these business ideas generally need little money to get started. You could even start your business today. Be sure to print up business cards or fliers to hand out. Make your services known on social media and tell everyone you know. Don’t forget to contact an insurance agent about getting business insurance so that you have proper coverage.
FAQ’s About Five Businesses You Can Start This Month
How much money do I need to start a business?
The amount of money you need to start a business can vary depending on the type of business you choose. However, many of the businesses listed in the article can be started with minimal upfront costs.
Do I need any special skills to start a business?
Depending on the business you choose, you may need certain skills or qualifications. For example, if you want to start a tutoring business, you may need to have a degree in the subject you plan to teach. However, many of the businesses listed in the article do not require any special skills.
How do I market my new business?
There are many ways to market a new business, including social media, word-of-mouth, flyers, and online advertising. It’s important to do some research and figure out which methods will work best for your particular business.
What legal considerations should I be aware of when starting a business?
Depending on the type of business you choose, there may be certain legal considerations you need to be aware of. For example, if you plan to start a pet-sitting business, you may need to obtain a license or permit from your local government.
How do I set prices for my services?
Setting prices for your services can be tricky, but it’s important to do some research and figure out what your competitors are charging. You may also want to consider your own expenses and the amount of profit you want to make.
Can I start a business while still working a full-time job?
Yes, it’s possible to start a business while still working a full-time job. However, it may require some extra time and effort on your part.
How do I manage my time effectively when starting a business?
Time management is key when starting a business. It’s important to set realistic goals and prioritize your tasks. You may also want to consider outsourcing certain tasks to free up more of your time.
How do I handle customer complaints?
Handling customer complaints is an important part of running a business. It’s important to listen to the customer’s concerns and try to find a solution that works for both parties. It’s also important to be professional and courteous at all times.
Low-cost business ideas with high profit potential
- Tutoring: Offer your expertise in a specific subject or skillset, and teach others online or in person.
- Pet Care Services: Start a dog walking or pet sitting business, catering to pet owners in your community.
- Reselling Items: Buy new or used items at discounted prices and sell them on platforms like eBay, Poshmark, or Amazon.
- Subscription Box Service: Curate unique or themed items and create a monthly subscription service for customers.
- Freelance Writing or Editing: Provide copywriting, copy editing, or content creation services to clients online.