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20 Low-Cost Businesses
You Can Start From Home
By Marcus P.
Meleton, Jr. and Cary Arentz
So you want a home business. You have the
time, the ambition, and are excited about the prospect. All you need
is the right idea that's perfect for your first start-up or for a
second, third or fourth business. We at Home Business® Magazine
watch for these ideas and present them to you with the expectation
that one will provide you with home-based success. When evaluating
these possibilities, keep in mind the items shown in the box and
look at our next issue to get more great ideas for businesses.
E-Mail Marketing
If "Surfing the Net" is something you can't get enough of, then
maybe you should get paid for it. E-mail marketing is an exciting
new business opportunity. The objective is to compile E-mail address
lists to support a client's mailing and then broadcast your client's
E-mail to that list. A secondary market is to sell your lists to
businesses or individuals who market their goods and services by
E-mail. Internet experts will be able to search for and collect
lists at a moment's notice. You most likely have all the computer
equipment you'll need, although upgrades may be necessary.
Raising Pets For Money
Do you like dogs, cats, birds, reptiles, or fish? Would you enjoy
raising them? Why not turn it into a business? Find out what your
local pet stores need or what the general market is looking for,
such as rabbits and chickens for Eas ter, or dalmatians to
capitalize on the Disney movie. Not only is this business
opportunity fun for animal lovers, it's a great first business for
kids. Guinea pigs, hamsters, rats, and mice multiply rapidly and
make good pets or science projects. Be sure to evaluate your demand
first, or you'll be sharing your home with permanent pets. Expand
ing your business to care for other people's animals is also a
possibility. Make sure that zoning laws and other regulations
related to raising animals do not affect you.
Artist
One of the most difficult endeavors is earning money through art.
The best way to do this is to go commercial. Look at the type of art
you excel at: painting, computer art, or line drawings, and decide
how it could benefit businesses. For instance, marketing companies
hire artists to do artwork for advertising. You can also develop and
draw ads and flyers for small shops that need publicity. Approach
the shops and offer to develop material that they can buy upon
approval. As your sales increase, create a portfolio to show to
other businesses. Local rock bands and dance clubs like the more
radical stuff. Over time, your art and contacts will enable you to
expand into more traditional outlets.
Photo Albums
People just don't have the time to develop photo albums, or they do
it haphazardly with no idea about how creative a photo album can be.
This is a service that gets you out of the house to meet people. You
will build a reputation and can do the work on your kitchen table.
You interview clients, go through their pictures, and suggest ways
their photo albums can be arranged or improved. Books on the subject
are available to help you improve your skills. Use your family or
friends as your initial customers and bring their albums to
potential customers to show what you can do. It is rewarding to see
how grateful people are with the results.
Agent
The best thing that could possibly happen to a home-business owner
is to have so much business that you can't do it all yourself. When
this happens, you can become an agent for your type of business by
sub-contracting excess work out to others and taking a percentage of
the fee. In this capacity, you do the billing and maintain the
clients. When business is slow, you assume the workload and maintain
service to your customers.
Errand Service
People who run everything from home businesses to Fortune 500
companies often lack the time to get everything done. That's why
there's such a large demand for errand services. If you have a small
truck or van, are punctual and trustworthy, and don't mind an
occasionally hectic schedule, you can profit from delivering
packages, picking up supplies, and handling similar details for
harried home business owners and executives alike. To locate
clients, check with businesses in your area, or have your friends
and family ask their employers if they could use your services.
Family History
Most of us are curious about our an cestors. That's why written
accounts of family history or family trees, known as gen e alogy,
make popular gifts. Why not make this your business? Al though the
task of digging deeply into someone's past may seem daunting, there
is a variety of software packages and books available that will make
this task much easier. Visit large software and book stores to see
what's available. To reach your customers, arrange with local card
and gift shop owners to let you display your advertising and samples
in their stores. Placing advertisements in local newspapers is a
relatively inexpensive way to reach a large audience.
Fix-It Shop
Any appliance, tool, or toy you buy eventually breaks — that's a
fact of life. Al though America is said to be a disposable society,
most of us would rather hold on to what we have rather than incur
the cost of buying something new. Having a knack for fixing
household items means you can earn up to $100 an hour, and you never
have to leave your own garage! There are many low-cost ways to
advertise your services — flyers, classified ads, and the Yellow
Pages are just a few. There are also many ways to expand your
business; for example, you could offer pick-up and delivery, stock
replacement parts, or refurbish toys and appliances and sell them
for less than what they'd cost new.
Fund Raiser
Do you enjoy working with the public, and helping those less
fortunate? If so, you can put your people skills to work by offering
yourself to local community, hospital, school, and civic groups as a
fund raiser. You help the group raise money for its cause, and take
a percentage of the amount for your fee. Your organizational skills,
pleasant phone manner, and ability to develop effective direct mail
pieces mean success in this career. Keep in mind that those who act
as fund raisers for charities are often expected to do so on a
volunteer basis, but this is a great way to gain experience, make
valuable contacts, and build your reputation.
Handyman Service
Leaky faucets, clogged drains, doors that stick — the list of minor
home repair needs is almost endless. Most of us just don't have the
time or the know-how to tackle these problems ourselves. If you're
good with your hands and have a general knowledge of home repair,
then start a handyman service. Charge your clients less than the
professionals. Your customers' savings is your gain! You'll need a
good set of tools and a truck. It's also a good idea to check with
your city to see what licensing is required. Begin your business
with your friends and family, then expand into your neighborhood.
Herb Garden
Cooking with home-grown herbs holds a special appeal these days. If
you have a green thumb, you can capitalize on this culinary trend by
growing herbs to sell to small restaurants, specialty shops,
health-food stores, or even your friends and neighbors. Use your
computer to create attractive, eye-catching labels for your
packages. Cultivating an herb garden can require very little space -
in fact, you can grow a fair assortment in flower pots on your
window sill! Put your gardening expertise to work in another way by
becoming a "gardening consultant," — assisting your clients in
setting up their own herb gardens.
Mail Services
Companies of all types and sizes use direct mail to advertise goods
and services. However, many of these companies may not have the
personnel to undertake a mass mailing, especially if it involves a
large base of potential clients. That's where you come in.
Contracting with these businesses to handle their mass mailings
could result in ample financial rewards. You'll need a computer,
special software to create labels and process lists, and most
importantly, clients. Check with local businesses, especially those
involved with publishing, computer accessories, or special events.
Friends, relatives, and business associates can also provide leads.
Expand your business by writing the promotional material, obtaining
the target lists, and maintaining the client lists.
Sewing Service
Do you have a talent for sewing? Starting a sewing service in your
home is a profitable and enjoyable business. You al ready have the
equipment and skill, and the demand is great. Busy professionals
need to keep their clothes in shape. Local dry cleaning and clothing
stores are good sources for leads. Also, try advertising in the
classified section of your local newspaper, or posting flyers in
your neighborhood. Put your creativity to work by creating curtains
and other home decorations, or sewing costumes for holidays and
stage productions. To expand, consider the large demand for
upholsterers.
BBQ Catering Service
If you like to barbecue, get compliments as a chef, and like to meet
people, why don't you set up a barbecue catering service? You need a
truck, portable barbecue pits, and a little marketing. Send out
flyers, post them at grocery stores, or advertise in your local
newspaper or weekly ad magazine. People will love having outdoor
parties with you showing up, setting up, cooking, and cleaning up
afterwards. You can offer various options on meat and expand out to
more and more food options and drinks. You thought outdoor cooking
was fun; well, it's profitable also.
Professional Organizer
If you notice the messes in other people's homes and businesses,
then maybe you should be an organizer. There are many books on
organizing and a multitude of products that help conserve space or
provide filing or stacking capability. Gather material on the
subject. To start your business, practice on people you know for a
small fee, then use this experience to sell yourself to others. You
can purchase and mark up ready-made products, or call in carpenters
to put in closet organizers, shelves, and furniture. What people
save in time and money will more than make up the difference.
Apartment Renewal
Apartments must be cleaned, painted, and repaired after renters
vacate. Since this is a frequent event, this event provides an
opportunity for you to make money. Apartment unit sizes, damage, and
cleaning needs vary widely. So develop estimates after a
walk-through or charge by the hour. Cleaning equipment and a small
truck will get you started and college students can provide help.
Your target market is defined, so visit and send mailers to
apartment complexes, rental management companies, condo complexes,
and also offer your services to real estate brokers who need
property prepared for sale.
Baby Furnishing
Baby furniture is constantly being cycled in and out of homes and
sold at garage sales. Acquiring baby furniture can be expensive for
new parents, so a service that will satisfy them and give you a good
income is to stock their homes with what they need. You can get
beds, chairs, tables, potty seats, and the like at garage sales.
Clean and paint them, and turn them around for sale. Market at
pediatrician offices, Lamaze training classes, and prenatal care
services. You can provide single furniture items to full set-ups,
and get the parents to resell them to you after they no longer need
them, ready for you to make money on them again.
Tax Assistance
You can be the answer to the April 15th blues. Use your accounting
background and your computer to process tax returns from your home.
This business is seasonal and starts out slowly, building over time
as you get returning clientele the next years. There are a number of
great tax preparation software packages available that makes this
task easier. Start by doing returns for your family and friends,
then use them to help get business referrals. Be sure to keep up the
with latest tax rules and join accounting organizations to work on
accreditations.
Used Computer Sales
Are you a tinkerer who likes to take computers apart and put them
together? Used computers that are gathering dust can make money for
you. Although technology advances rapidly, much of what people need
computers for can be handled by the simplest of machines. Make
yourself available to buy the obsolete machines at fire sale prices.
Many of the parts are interchangeable; you can cannibalize and
rebuild computers that are fine for normal use, and add new parts as
necessary. Then, sell the computers with your own warrantee. This is
a business your high-school children may love to assist with, or
even run. Repair books and training are readily available.
Flea Market Sales
Flea markets are like the ultimate garage sale. If you like garage
sales maybe you should become a participant in flea markets. There
are a number of products that you can sell: Your own crafts,
collectibles from your own hobby collections (trains, coins, comics,
etc), and products for resale (polishes, toys, tools, garage sale
items you purchased). Some markets are opportunities to sell your
skills or services such as furniture refinishing, car detailing,
sewing and handyman services. Find out what flea markets are local
to your area and which apply to your products or skills. Contact the
organizers to find the cost of booths, qualifications, tax laws and
other necessary information. |