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Some ideas to start profitable business

Discussion in 'General Business' started by Qamryn, Dec 13, 2018.

  1. #1
    • Tax Preparation and Bookkeeping
    Without needing fancy premises or expensive equipment, tax preparation and bookkeeping services come with low overheads. Furthermore, the standard rate for quality tax preparers and bookkeepers is a decent salary to live on.

    That said, if you’re not good with numbers, preparing people’s tax and keeping their finances up-to-date, won’t be the business for you.

    • Catering Services
    You don’t need expensive premises to run your own catering business and could even operate your service from home, keeping overhead to a minimum. People and businesses are willing to pay for quality caterers, making this business profitable for those who work hard and have determination to succeed.

    • Website Design
    Websites have become the ‘windows of every successful business’, hence quality and creative website designers remain in high demand. Again, low expenses and high rates make web design a lucrative business to run, providing you have the creative and technical know-how that is!

    • Business Consulting
    Businesses are willing to invest in quality business consultants who can help them achieve the results they are looking for. They’re also willing to pay hefty amounts for the right advice, which, tied in with low overhead, makes business consulting a profitable business to embark on.

    Of course effective business consultants do require sound business acumen and knowledge, so this isn’t necessarily the right opportunity for everyone.

    • Courier Services
    Other than the outlay of your vehicle to deliver the goods, self-employed couriers don’t have large overhead. Getting lucrative contracts from the major courier firms can prove profitable. However, in a competitive market, being awarded lucrative contracts can be challenging.

    • Mobile Hairdresser Services
    Granted, you can never charge a fortune to cut someone’s hair but that doesn’t take away from the fact that quality hairdressers will always be in demand. Furthermore, other than a quality pair of scissors and some hair dye, if you run a mobile hair dressing salon, your business expenses are surprisingly low, making mobile hairdressing a profitable business to run.
    SEMrush
    That said, mobile hairdressers are not difficult to find, so you’ll probably need to spend some money marketing your services.

    • Cleaning Service
    All you need to start your own cleaning business is a vacuum, polish floor cleaner and, preferably, a car. With comparatively low overhead, little in the way of training required and a service which is always in demand, cleaning can be a rewarding business to get into.

    So why isn’t everyone doing this? Well, if you’re looking for a more creative way to make a living, cleaning might not be for you.

    • Online Tutoring
    You might be a math genius, a native Spanish speaker or a nifty guitar player. Whatever your talent, offering tutoring online can be a great way to earn an income with exceptionally low expenses.

    • Real Estate Brokering
    The profits associated with real estate remain high and if you want to enter this industry one of the most cost-effective ways to do so is to set up a real estate brokering firm.

    Real estate brokers act as an intermediary between sellers and buyers and all you need to get started is a brokerage license. That said, finding your own clients can be challenging, given the number of real estate brokers there are.

    Got an eye for a great logo? If so, you might be on your way to starting a business where you can charge a tidy sum while not having to fork out on expensive overhead. Though be warned, logo design is a competitive industry, and you’ll have to come up with some unique and inspiring logos to remain at the top of your trade.

    • Warehouse Storage
    Got a spare garage or building that’s not being used? If so, you may want to think about offering warehouse storage services. Providing a place for businesses and individuals to store goods and items can provide a highly profitable and predominantly passive income. Though it must be said, the job isn’t exactly stimulating and therefore isn’t for everyone!

    • Property Maintenance
    There will always be a demand for people who are willing to clean gutters, repair chimneys or pull out stubborn weeds. While the hourly rate for property maintenance might not be the highest, with low overhead and high demand, property maintenance can be a profitable business to enter — as long as you don’t mind getting your hands dirty!

    • Technology Repair Services
    Got a good eye for technology and how it works? If so, setting up your own technology repair business could see you in high demand as the world becomes increasingly dependent on technology.

    Repairing people’s much-loved gadgets can pay well and without much overhead, can prove to be a lucrative business. Naturally, those without a knack for technology will want to steer clear!

    • Meat Grower

    Can you imagine growing meat in the lab? That is what this is about. Even though this is already been done but the taste is not there yet. Using techniques that come out of stem cell technology, numerous groups of scientists have grown meat in the lab. Stem cells are placed on scaffolding and soaked in nutrients to grow.

    People for the Ethical Treatment of Animals (PETA) are behind the push for lab meat. In 2008, the group offered a $1 million prize to the first group that can grow commercially viable amounts of chicken meat in a lab. New Harvest is a nonprofit founded by Jason Matheny in 2004 to do just that.


    • IT Support
    As we become more reliant on IT to run businesses and go about our daily lives, those who offer IT help and support are extremely sought-after. Quality IT support technicians can charge a decent rate for their skills and don’t require too much overhead or equipment to run their businesses. However, IT support is a competitive industry, so you’ll need to efficiently market your services to get noticed.

    • Marketing Services
    Businesses and organizations will always want a quality marketing team behind them to boost brand awareness and bring them results. Marketing agencies can charge a lot for their services and thanks to advancing remote technology and the internet, marketing efforts can be done remotely, keeping overhead low and profits high.

    Still it must be said, marketing agencies are highly competitive and in order to be a success you’ll have to show you can deliver results.

    • Personal Training
    Those who want to be fitter, slimmer and healthier, insure there will always be demand for personal trainers (PTs). Earning a qualification in personal training is not overly expensive and once you’re professionally qualified, you can offer your PT services. Overhead is inherently low in this industry, making personal training a profitable and sought-after business.

    One of the biggest challenges PTs face is building up a network of clients in a competitive environment.

    • Food Truck
    Providing quality food and drink will always be in high demand, though with expensive overhead, running a restaurant isn’t always as profitable as you might think. Serving food from a food truck on the other hand requires much lower overhead and can be an extremely profitable business venture. The downside is you have to work out of a van day in, day out, which isn’t everyone’s idea of a rewarding business.
     
    Qamryn, Dec 13, 2018 IP
    degreubiwa likes this.
    SEMrush
  2. CenTex Hosting

    CenTex Hosting Member

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    #2
    good little list you have going on there.
     
    CenTex Hosting, Dec 13, 2018 IP
    Mehta likes this.
  3. degreubiwa

    degreubiwa Active Member

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    #3
    how would you do dropshipping business in USA while located in India, like registering company, making transactions, refunds etc.
     
    Last edited: Dec 14, 2018
    degreubiwa, Dec 14, 2018 IP
    StaSen likes this.
  4. Ben Frost

    Ben Frost Peon

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    #4
    Good read, thanks for your amazing post. I wanna add some ways:

    1. Online surveys
    2. Researching
    3. Blogging
    4. PPC
    5. Affiliate Marketing
    6. eMail marketing
    7. Gig on Fiverr
    8. Selling courses of yours
    9. Creating a modern news site
    10. Write reviews and make money :)
     
    Ben Frost, Dec 16, 2018 IP
  5. Qamryn

    Qamryn Greenhorn

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    I think international online payment providers can solve your problem.
    Some of them have numerous advantages, such as:
    • Company and account registration
    • Money processing
    • Fraud and chargeback prevention
    They also can give you some consultation.
     
    Qamryn, Dec 16, 2018 IP
  6. degreubiwa

    degreubiwa Active Member

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    Can you name some as example?
     
    degreubiwa, Dec 17, 2018 IP
  7. SamuelisVyy

    SamuelisVyy Peon

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    #7
    Hello, I'm founder of small business in Lithuania. I would like to improve and grow up it, so I think to make analyze. Maybe somebody has some ideas, what main points I should look at. Maybe here are some business persons from neighbourhood? Maybe somebody made Market research in Latvia and can help me? :)
     
    SamuelisVyy, Dec 17, 2018 IP
  8. MilesWeb

    MilesWeb Well-Known Member

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    #8
    One more idea of starting a profitable business is to start a reseller hosting business. To start with this business, you need to buy a reseller hosting plan, create your own reseller hosting packages and start selling them. You can easily earn good profit with this business.
     
    MilesWeb, Dec 21, 2018 IP
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  9. Mehta

    Mehta Member

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    #9
    Mehta, Jan 9, 2019 IP
  10. Qamryn

    Qamryn Greenhorn

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    #10
    [​IMG]
     
    Qamryn, Jan 17, 2019 at 1:06 AM IP