If you want to start a small business and have a limited budget,
you’ve probably been researching which small or home-based industries are set
for growth this year. In fact, if you research small business ideas, you’ll
find hundreds of potential small businesses you can start. But how do you know
which is right for you?
Many consultants suggest you start a business you’re passionate
about – something you love to do. I don’t consider this a requirement for
business ownership, but if you’ll be the one doing the majority of the work (at
least at first, until you grow enough to hire employees), it’s a good idea to
select a business you enjoy.
However, passion isn’t the only prerequisite for business
selection. To stand a good chance of business success, you need to start a
business that’s in high demand, that is easy to market, that has low overhead,
and has plenty of room for profitability.
The following 10 small businesses each meet the aforementioned
criteria. If there’s a business idea on this list you’re passionate about, you
might have just found the best small business for you to start. Best of all,
you can get started on any of these today!
1. Computer repair and networking
If you have
a knack for computer repair and networking, you already know the industry is in
huge demand. Chances are your friends and family members rely on you to keep
their computers running; now, you can charge customers to do the same.
2.
Housecleaning
For the cost
of cleaning supplies, a few marketing materials and a little advertising, you
can land both residential and commercial cleaning clients. In fact, you don’t
even need the supplies, as some cleaners I know keep a set on-hand at each
different client’s place to avoid any type of cross-contamination.
3 . Dog groomer
You don’t need a professional storefront to be a dog groomer – a
tub, a hose and a grooming kit are all you need to start your own dog grooming
business. Print business cards, get listed in online directories and post
photos on Facebook to generate business.
4. Lawn
maintenance/landscaping
Keeping lawns looking lush and green, hedges and trees trimmed,
and flowers beautiful is a great way to earn full-time income, and requires
little more than a pair of sheers and a bit of marketing to get started.
5. Child care
Parents work; ergo, they need babysitters. You can provide child
care services in your home with little more than a newspaper ad and a business
card – or a Facebook page, for that matter.
6. Tutor
As American culture continues to reward academic performance,
tutors are in high demand to help students of all levels, from early childhood
to adult, earn better grades.
7. Interior decorating
Help homeowners achieve beautiful aesthetics with interior
decorating services. All you need is an eye for design and a few free catalogs
to get started. Use door hangers to promote your services in the best
neighborhoods.
8. Salon services
You can style hair for weddings, proms and other events from your
home. Haircuts, manicures, pedicures, and even massages represent services you
can provide with minimal overhead.
9. Photographer
If you love taking photos as a hobby and have an eye for a great
shot, you can start your own photography business. If taking family portraits
isn’t your thing (or in your budget, since it can require additional
equipment), work as a freelance photographer for magazines, local organizations
and clients who need product photography.
10. Travel agent
Travel agents can work right from home or rent cheap office space.
If there’s competition in your city, you’ll need to spend a little on
marketing. I recommend serving as a niche travel agent to cater to clients
seeking a specific type of vacation or destination. For example, specializing
in “adventure vacations” or “senior vacations” can set you apart and lead to
loyal customers.
There are a lot of ideas you can start with, if you have special
talents like graphic design, you can start doing some freelance design work.
The important thing is to follow your passion so that you’ll enjoy what you’re
doing.
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