Cheap Business Ideas
Cheap Business Ideas That Make Money
Those people with an entrepreneurial spirit burning inside of them are always trying to think of new and cheap business ideas that can minimize their effort and time, while increasing their revenue. For some, it means finding a cheap business idea to get a little side money in addition to their regular jobs. Others look for profitable business ideas in order to transition away from their current jobs without sacrificing their perceived safety net. And then there are those who stop everything and jump into business ownership with both feet to embrace financial independence with a good cheap business idea with as much earning potential as possible.
Cheap Business Ideas Should Line Up With Your Passions
Most people look for cheap business ideas they can start on their own because they feel limited or dissatisfied with work in some way. Either they want to earn more, or they do not like they idea that their future lies in the uncertain hands of another company. Some simply want to maximize their free time and live life, rather than working long hours for someone else. Whatever the reason, there are cheap business ideas out there that line up with what you really enjoy doing. It’s important that your own business gives you some level of enjoyment, because when you’re working for yourself, you cannot walk out on your boss.
Cheap Business Ideas From Home
There are a number of cheap business ideas you can start from the comfort of your own home, which allow for very flexible schedules and still bring in a decent revenue. We have compiled a short list of good cheap business ideas for those looking to work part-time, or for those who want to test the waters before transitioning completely from their regular jobs to financial independence.
Tutoring Services
If you have a knack for a particular topic, you can offer tutoring services at your home, the local library, and even online. The only overhead is your time and knowledge, the ability to communicate, and the willingness to help others. You can extend your services for one-on-one sessions, or small groups. Keeping mind, tutoring is not just for young students – there are plenty of adult learners who are working toward degrees, as well. As far as cheap business ideas go, this is perhaps one of the best for people looking to make a little extra money.
Delivery Services
There are times when overnight services are not fast enough for some businesses – especially when trying to deliver items within your city or neighboring towns. If you have a vehicle and market to various businesses (even restaurants that don’t normally offer delivery to customers), your can make a decent part-time income, which could grow into a full-fledged delivery service.
Translation Services
If you are fluent in another language, there are numerous opportunities for both speaking translation services, as well as transcribing. Businesses, students, travelers, and the like can always make use of translation services, and government agencies frequently have positions open for translators on a contracted basis. This is one of the more time consuming business opportunities available, but as far as cheap business ideas go, the only requirement is your ability to translate from one language to another.
Blogging
People can make a lot of money in their spare time by writing informative articles, product reviews, and simply voicing their opinions online. The initial cost is registering a website and getting hosting. But between original and exciting content to draw in readers, plus advertising revenue, a good blog can bring in hundreds or even thousands of dollars a month.
Content Writing
Similar to blogging, this cheap business idea only requires a computer, an internet connection, and a love of words. Businesses (and even other bloggers) will hire people to ghostwrite new and original content to drive traffic to their sites. Writing content is about understanding the given topic, and conveying it in a way that lines up with with company’s target audience. Opportunities do not end at web sites. A good content writer may be hired to create everything from speeches for formal events, to e-books, testimonials, technical manuals, troubleshooting guides, FAQs, and everything in between. If you are flexible with language and able to meet deadlines, content writing is a good cheap business idea for those who like their independence.
Selling Products Online
There are a number of venues online where people can sell their goods – whether handmade or items they are trying to sell to reduce clutter. With low overhead and automatic payment systems, selling things online is a great way to make passive income. Keep in mind that not everyone knows the ins and outs of online selling and auctions, so you could expand your operation by offering your services to other people and businesses (such as book and antique stores) to sell their items and take a small commission from the sales to add to your own revenue.
Refurbishing Antiques
There is no shortage of antiques, but they are not always in the greatest condition. There is a booming niche industry for people who buy antiques and vintage goods for very low prices, and then put in time to refurbish and embellish them in order to turn around and sell them for many times the original price. This is a fun and cheap business idea which does involve some time, effort, and traveling to find those one of a kind “must have” pieces.
Pet Sitting and Walking
People love their animals, but not everyone can be home all of the time to give their pets the attention they need. By offering pet walking and sitting services, you can take care of people’s pets while they are away at work or on vacation. This is a great cheap business idea to start in your own neighborhood, and then expand the area of coverage as the business grown.
Paid Consultant
If you have a field of expertise – such as computer hardware, networking, accounting, management, etc. – you can offer your knowledge to other businesses as a paid consultant. This is a cheap business idea which may involve some traveling, or it can be handled over the phone or online, and can bring in a healthy side revenue that can easily grow into a full time career.
Lawn Care and Snow Removal
What may have been a great way to earn a few dollars when you were young has now transformed into a great cheap business idea that can bring in some serious money. People do not have the time to spend mowing their lawns or shoveling out their driveways. By offering these services to your immediate neighborhood, and even surrounding areas, you can make extra money, regardless of the season. No one wants to be late for work after shoveling out their vehicles after a snow storm. By offering to get the job done before they have to leave for work, you will immediately start to build a good reputation. By mowing lawns and making sure yards look beautiful so people can enjoy them, rather than getting frustrated by doing the work themselves, you will be able to earn a lot of money, just for making people’s lives easier. This is a cheap business idea that can help an entire community, and with enough customers, you can expand your operation and get better equipment to make the process faster and easier, to grow your client base.
Commercial Finance
Commercial finance is a good cheap business idea for people who get satisfaction from helping others reach their goals. In this case, it involves helping the economy to grow by putting business owners in touch with lenders, so they can reach an agreement. When the deal is signed, commercial finance professionals and brokers receive a percentage of the total amount, plus any recurring fees they have built into the contract. Becoming a commercial finance professional does require some training, as well as having a bit of business experience, but the rewards from one deal can frequently exceed the average salary, and it is a career that can be run from the comfort of home, in your spare time. It may take some work learning the various types of loans, and there may even be some licensing required (depending on your state), but if you are looking to transition away from your current job and increase your earning potential exponentially while simultaneously maximizing your free time, commercial finance may be the right path for you.
The Commercial Capital Training Group
The Commercial Capital Training Group (CCTG) specializes in preparing people to launch their own businesses in the field of commercial finance. We offer in-depth training, branding, marketing, and provide all of the tools you need to help businesses and lenders come to an agreement, while making a great income in the process.
We will teach you how to run your own business, how to spot opportunities, introduce you to board of lenders and give you access to an entire network of lending professionals so you can start earning the income you want, on your own time. We also provide 24/7 support to help you with any questions, or to ease you past any rough patches when dealing with clients.
CCTG is a cheap business idea that allows people to work from home or a small office and gives them virtually unlimited earning opportunities. If you are looking to start your own business, or transition away from your current job and start earning money on your terms, contact the Commercial Capital Training Group, and see what we can do for you today.
Further Reading