When you start to seriously consider entrepreneurship as your main activity, but at the same time you are not yet ready for big investments, it makes sense to start off from those resources and areas that you already have.
If you live in a private house or flat, you can start your own business without additional costs for rent and staff salaries. Here, it is quite possible to do all the work by yourself. Thus, both investments and risks will be very low.
Here are home business ideas to look out for:
Superfood & Healthy Snacks
Since a healthy lifestyle and proper nutrition are gradually but firmly becoming fashionable, many are beginning to buy superfoods. These imply berries, fruits, vegetables. For example, chia seeds, beans, quinoa. All this can be consumed at breakfast, lunch or dinner, as a natural and healthy food supplement.
This also includes the already common healthy snacks that are easy to make at home - fruit chips made from oranges, tangerines, apples, bananas, lemon, etc. If you correctly develop a marketing strategy and find the right number of customers, then this business may well outgrow to a serious online store or offline point. This is due to relatively low production costs and high potential margin.
Making souvenirs and original gifts
The gift business is an option for the creative ones. Even despite the great competition in this niche, you can quickly develop if you do something beautiful, unusual and of high quality. In this case, you are limited to your own time and money resources.
Accessories and furniture for pets
People love their pets, some even consider them to be family members. Therefore, products that allow them to optimize the care process are in demand. This includes sewing clothes for dogs and cats, manufacturing accessories, carriers, sleeping places and other furniture.
Yes, a large assortment of this stuff is presented in pet stores, but factory clothes are sewn according to standards and are not suitable for every animal. That’s why tailoring is still valued. In the future, you can come up with your own line of clothes or accessories for pets, participate in shows and exhibitions. The marginal profit from one product, depending on your skill, varies from 100% and more.
Consulting
This is one of the options for home business, which consists in the systematic provision of any kind of advice: legal, accounting, financial. If you are a professional in any specific area, then you can safely choose this direction. The main advantage is that there are no direct costs other than advertising, as long as you work on your own, without hiring additional staff.
Tailoring studio
It can be either individual designer tailoring from scratch or repair / correction of clothes. Both services are in demand to one degree or another. To make a final decision, analyze the competition in your area. Over time, you can open several points of clothing repair or even your own salon.
What business to start: tips for choosing an idea
Of course, choosing the right business is best based on your initial inputs. Think about niches that suit the following criteria:
- You already have knowledge and experience;
- You have the resources for starting this business (land plot, utility rooms, garage, etc.).
The lower the initial costs, the more chances the business will take off. A preliminary analysis of competitors and market demand is essential. Never skip this step and rely on facts, not speculation. If this or that idea worked in a neighboring region, this does not mean that here it will also work.
Do not forget that any business must be properly formalized. Choose a suitable form of ownership (LLC, individual entrepreneur, self-employment), register and only then start your entrepreneurial path.
