Today, many people are looking to leave the 9-5 work for something that feeds their passion. Most people don’t want to retire at old age to look back on life and feel they have wasted it. Luckily, there are plenty of ways that are very easy to start a business from scratch without spending a fortune. Below, are business ideas you can start cheaply from the comfort of your own home.
1. Business idea: Content provider
Writers, editors, photographers and artist have great opportunities to start a business with little cash or no money at all. Yet, the money that you will generate will vary greatly on a person’s drive and talent. The first few period can genereate a fairly income due to lack of exposure and experience. Eventually, you may build a reputation and customer base and earning six figures a year.
2. Business idea: Personal creations
Personal creations meaning arts and crafts. If you are a painter, you could sell your works of art with an investment of nothing more than art supplies and your own time. You could sell your piece of arts at platforms like Carousell, Instagram and other social media cater to creators and make it easy to turn a profit from your work.
3. Business idea: Repair or skill-based services
If you’re gifted with a specific skill, you could use your skilled labour as the main revenue driver for your business. For instance, if you’re a handyman, you could cater to homeowners who in need of someone expert about home repairs. These types of gigs don’t require you to have a physical you to invest in anything up-front, except for the tools or equipment need for the job.
4. Business idea: Resale
Resale means you acquire products and sell them to other people. There’s a lot of thing you could do as in dropshipping or wholesaling to acquire these goods. With dropshipping, you’ll ship directly from the manufacturer but you’ll need almost no startup cash. With wholesaling, you need more money and space up-front, but you will have more control and more money.
5. Business idea: Micropreneurship
You could also piece together your own business through micropreneurship and shared-economy opportunities. For example, you could drive for service like Grab, MyCar or rent your home through airbnb or find similar services that make use of what you’ve already got.
6. Business idea: Online custom tailoring
One size does not fit all, and people who are in professional work-setting want to look the best when they go into the office every day. The custom clothing industry is still relatively untapped, so this business will offer you a significant potential for growth in the future.
7. Business idea: Reviewer
Startups and brand owners often look for people to review their products to encourage others to buy them. To be a reviewer, you can either get started with a profile on freelancing websites or approach companies directly – offering them a review in exchange for a monetary reward by becoming an influencer. If you have your own website or blog, you could write about the products and build a portfolio.
8. Business idea: Website developer
We live in a digital world where every business needs a website to drive their traffic in order to make sales. You could use your skills to enter the related industry. Start small by creating websites on platforms such as WordPress. If you want to take your web-building skills to the next level, you can enhance your skill.
9. Business idea: Graphic designer
Companies are always in search for branding that tells people about what they do. All you need to get started is a computer and applications such as Photoshop or Illustrator. As a graphic designer you are responsible for creating logos, fliers, newsletters, magazines, brochures, letters and advertisements.
10. Business idea: Video production
There are a number of ways you can use videography to create your own home-based business. It’s ideal to be YouTube celebrities uploading high-quality contents about products or services and earn money from it. Beside that, you can apply your skill for vlog editing, creating music videos, voice-overs or adverts.