Car business
This is one business idea that is
profitable and easy to implement. All you have to do is set up your space in a
high traffic area. And you are sure to make quite a lot of sales. You could also
think about buying an existing car wash, if you come across someone who wants
to sell theirs.
Good as this idea may seem, there is
still one problem. The initial startup costs, which are close to $100,000, are quite
high compared to other business ideas. But if you can somehow get enough finds,
and open a car wash, you will achieve breakeven soon enough and enjoy significant
profits in the time to come.
Vending machines
A vending machine is an attractive
idea if you want to run a side business. You can earn significant revenues, but
you will have to find a business which will agree to place the vending machine on
their site. And this business will obviously demand a share of the profit,
since the vending machine will be using their electricity for operation.
Rental properties
One business that will always thrive
if you are in area where there are plenty of job opportunities, especially for
the newly grads. In every region, the rents vary, but on an average, they are
around $550 per month. Assuming you have ten rental units, this accumulates to
$5,550. Pay the taxes, insurance, and fees to the property management company
and you will get $4,000 in your pocket, which is still impressive.
Just one thing to take care of:
assign your properties to a reputed property management company. And when you
or they hire tenants, be sure to properly screen them and conduct background
checks on each and every one of them.
Flipping houses
A business that does demand some time, but it
is worth it in the end. So when you buy a house from foreclosure, list it up
when tax time is near. Now all those residents who have to pay a high amount of
income tax every year will buy the house. When they pay a down payment and mortgagee
on it, their tax will go down.
But before you get to this step, you
still need money to buy a house. Whichever property you purchase, the locations
should be in demand and the house should not need a lot of repairs. Do not
spend anything more than $30,000 on the house. As for the staging, you could
spend around $5,000 on it. Wait for February and then list the house up for
sale at around $50,000.
If you did everything well, you should
start receiving good offers in just the first week.
Thrift store
A thrift store is a great business
to start because everyone wants to buy quality products at economical prices. The
only thing is you will have to make sure that you can execute everything properly.
Once you do that, go ahead, open a thrift store and see profits come in.
Commercial cleaning
business
A cleaning business is another profitable
idea, but before you do anything, find some clients who will want to avail your
services. Once they place orders with you, you can outscore the whole job to
another service or team. So while you do get profits, there is not much that
you will have to do other than finding potential clients.
Auto Detailing
Got a lobe for cars? Start an auto
detailing business if you have a creative side. The job may be filled with
details, but the more these are, the more you could charge. Just make sure they
are in line with the average rates in your area.
And one more thing: if you are fast
in detailing, you can cater to more orders in a shorter time, and thus earn
more money,
Furniture Refurbishing
Are you good at DIY tasks? This business
is for you then. You can either choose to build your own furniture or you can find
amazing deals at yard sales or on Craigslist. Buy used furniture at a low price
and then refurbish it so that you can sell it at a higher price
Party balloons service
Are you good with decorations? Start
a party balloons service, which is in high demand these days. But do not limit yourself
to just birthday parties. Instead broaden your offered services so that they
include decorations for engagements, wedding ceremonies, corporate dinners and
other events.
Spread the word through effective channels
like social media and you will start getting orders soon enough,
Storm window installations
This is a seasonal business that can
provide you income between $15 and $25 for an hour. Offer installation services
to homeowners in the fall season. When spring arrives, you can offer removal
services. If you include window cleaning and repair in your services, your profits
will increase, but you will have to put in more time.
Before you start a storm window
installation service, get yourself some ladders, hammers, screwdrivers and
other basic tools.
Tree trimming
A fun and dangerous business idea.
You can start trimming trees, but you will have to expose yourself to some
risks. Homeowners often lack skills and courage to chop away dead branches or
branches that have grown close to power lines. You can help them with it if you
have the right skills and tools.
So which of the above ideas did you
like? Base your business on it, and embark upon your entrepreneurial journey.
We wish you all the best!
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