Small Business Ideas

 

top 10 small business ideas

Here is our list of the top 10 small business ideas you can easily start with little or no capital in 2016. They belong on this list because they are uncomplicated to start, they do not require much experience or capital. Anyone with at least average intelligence, and with some effort and imagination, can easily start one or more these business ideas today and start earning extra income with them within a short period of time.

Drop shipping

You have most likely heard of drop shipping. This is one business that the majority of people dismiss as useless. If you have heard negative reviews about drop shipping, don’t dismiss it just yet. Give it another shot.

What is drop shipping?

dropshippingDrop shipping involves selling goods from a supplier directly to your customer or end user without you ever having to fork out money for capital.

The supplier handles everything from sending the items to your customer, to dealing with any queries that arise related to the sale, if any. Basically, all you have to do is to look for a group of motivated customers and find a solution that they are looking for or choose a product and find its hungry buying customers.

The best part of drop-shipping is that when a supplier sends items to your customers, you can choose to have the supplier blind ship your orders. This means when your customers receive their order, it will be as if you sent it yourself because the sender’s details will be yours not the suppliers’.

One of the crucial aspects of this model is finding a good supplier. Here is a list of drop shippers.

Jewelry Making

Jewelry

Jewelry making is a very interesting business. It will obviously require you to have some capital. However the entry requirements in this industry are very low but it can afford you a pretty decent profit margins.

The jewelry making business demands two things: acquiring the skills to make the jewels, and distributing and marketing them effectively. Our recommended winning approach is to combine the two processes. If the jewel making business is something you would like to try, we recommend that you take time and learn about it on free video media such as Youtube, and then immediately try to sell off the jewel you make the first time. Jewelry making does have a lot of great DIY step-by-step guides that will get you making professional-looking jewelry in no time. If the jewel doesn’t sell, dismantle it and try a different one. Try as many possible alternatives as you can until you find the ones that your customers find valuable and focus on perfecting those ones.

At this point, you can recruit a few friends and approach your local store and online shops to distribute your products.

Business Plan Service

In this service, your goal is to make business plans for businesses.

There are tons of small businesses out there and many more are started daily. Every single one of these businesses needs a business plan. However, most small business start-up owners don’t have one. You can tap into that market and offer to draft business plans for small businesses in your area or online. Business plan writing service is more or less a consulting service. You would be helping them think through their business, and this alone directly improves odds of survival for any business in any given competitive market. Educate yourself on how to make a business plan and leverage professional tools that are already there to help speed up the process.

Our platform provides you with some resources to get you started. It will be critical for you to find credible ways to position yourself as an expert in the planning process. You can maintain a blog, host seminars, and write articles about intriguing aspects of business planning. There are numerous free educational resources online. Check out our in-depth article detailing Business Plans here.

Affiliate Marketing

banner1Affiliate marketing is selling other people’s products online for a commission.

This is a very easy business to set up. Normally, if you had to create your own product, you could easily take weeks or months of your time to come up with a concept, develop it, test it, and package it for the market. Affiliate marketing bypasses all that. Strictly speaking, you don’t even need to a website to get into affiliate marketing although we do recommend it for the longevity of your earnings.  

Affiliate marketing is applicable to downloadable products a.k.a. digital products as well as  physical products such as clothes, bags, electrical appliances. You can practically sell anything that you want to sell.

What’s neat about it is that you get to save time and money. You will save time because you don’t need to create a product like a kindle book or a paperback book or training program. Someone else has already done the heavy lifting. Instead, your role is to identify people who would find the product useful and purchase it as you earn your commission. You don’t  need to use your money to  buy the stock before you can open an online store. If for instance you want to open an online store that sells handbags, all you need to really get started is sign up to an affiliate program. This could be a website that sells handbags that have an affiliate program e.g. amazon associates and you can sell any handbag on their website for a commission.

For more information and free training on arguably the best affiliate training on the net click here.

Blogging

What is blogging? To answer this question I will use an example.

bloggingSupposing you would like to buy an iPhone 6. And, if you are like most people, before buying you would like to research on its special features, it’s common shortfall or problems in order to find the best deal. In short, you want a review from someone who’s used it or knows enough about it to answer your questions. You could either find someone who already has it among the circle of your friends and acquaintances or you could go online and google iPhone 6 reviews. You would then access a number of results, usually in millions, less if you’re lucky, for you to choose from. The different links generated by google would most likely be blog posts that best address your query. Google trolls the Internet to identify the posts with the most relevant information to your search. Blogging, therefore, is simply solving problems, giving solutions, and presenting relevant information in the most helpful manner.

The natural question that people ask about blogging is this: how does one make money with it?

Well, there are several ways to monetize your blog that it is not possible to exhaust them here. However, some of the most common ones are affiliate marketing, google adsense, google adwords, and selling a product.

Although it’s possible to start a blog on free blogging platforms such as blogger.com or tumblr.com and there’s nothing wrong with using such platforms, it’s advisable to have your own website in order to sound more professional and have more control.

It’s relatively easy to start blogging. You can start on a free platform where you will not have any expenditure. All you need is to come up with valuable solutions to share with your readers. You don’t even need to be a great writer. As long as you focus on giving relevant information, you should be ok.

Web Design

Webdesign

These days every business needs a website. Even with many do-it-yourself tools on the internet, there are still many people and businesses that need assistance in creating their websites. Some do not have the time or interest to do it themselves or to learn. If you are already a web designer, then all you need is to start finding clients. Again, the most important way to position yourself is to highlight to your potential clients the benefits a website can bring to their businesses including the 24-hour 7-day anywhere hands-free marketing, advertising, branding, and credibility. However, if you are not a web designer, it’s not too difficult to learn how to create professional websites with content management systems (CMS) such as WordPress or Joomla. There are many free WordPress instruction videos on Youtube that you can leverage to teach yourself how to make websites. Once confident and with a portfolio of websites, you can start finding clients and charging for the service.

You might also consider mastering the outsourcing process where to identify and form relationships with freelancers who could do the websites at a fraction of the cost. Above everything else, educate yourself in the marketing, advertising, and positioning so that your websites are able to deliver tangible benefits for your clients.

Teach Computer Literacy

teach computer literacy

Despite the many strides the world has made in technology, especially computer technology, many people don’t know how to use computers, computer programs, software, and the Internet. This gives you an opportunity to help them learn to be competent in areas that you are already competent in, from basic stuff like an introduction to computers to very complex stuff like programming.

If you know a certain aspect of the computer well, consider teaching others as well at a small commission. You can decide to teach MS Word, Excel, Powerpoint for PC users, or you can teach HTML, Javascript or any programming language that you know. You can also teach skills such as typing, and troubleshooting.

Teaching computer literacy is principally teaching. It is advisable to adopt the standard teaching practices and patience to ensure that you are able to serve your students effectively. If you intend to teach basic computer use, your target audience could be the elderly or young children. In such situations, your ability to deal well with people work to your advantage.

The first step is to advertise your service in the classified ads section to get started.

Transcription Service

Transcription involves changing audio files to text files. Your client will provide you with audio usually in the form of MP3 or video and you will be required to transcribe them or type them up.

It’s important to have very good listening skills, know how to use a computer and a word processing program well, and to type reasonably well in order to be able to offer this service. You don’t really need any special skills besides your ability to spell accurately with excellent grammar. However, keep in mind that there are are transcription certifications courses which can enhance your credibility and dramatically improve your potential to attract new clients.

 

While it’s possible to run your transcription projects with just a computer by typing and pausing the tape with your fingers, there are more efficient ways to do this using special transcription software that come with a foot pedal.

Get familiar with places where you can find transcription clients online and register accordingly.

Teach a Language

teach a language

Consider teaching a language on commission. This applies to any language, not just official languages. Any language can be taught, if you can speak well, someone wants to learn it.

There are many ways to go about it. You can offer one-on-one language tutorials or classroom tutorials if you have space and many people interested.

You need to research if the particular language that you want to teach has a certification course.

For instance, English has a TEFL (Teaching English as a Foreign Language) certification course that will make you more credible. Don’t, however, let a lack of certification stop you. If you an expert at a language and you like people, you can start and get certified along the way.

Take time to network with potential groups that would be interested in learning your language. Advertise yourself online, offline, word of mouth etc to get clients.

You can look at the going rates for language learning in your area to guide the rates you will charge your students.

Multi Level Marketing

This is again another business that does not require you to have a product of your own or buy the merchandise before you start selling it. In multi-level marketing, you join an established system that is proven. All you are required to do is basically sell their products to your customers and you get paid a commission.

In most cases they provide product training and even marketing training, usually with ongoing support to help you along the way. If you are willing to work hard, then you should be able to do very well.

Some of the biggest names that offer MLM are Avon, Mary Kay Cosmetics, World Ventures, Organo Gold, Arbonne Gold, Amway, Tupperware and many more.

 

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