Other small business ideas include the following:
One can virtually buy almost everything he needs from the internet these days. Internet has become the new marketplace for people to buy and sell. With online store, you can display your products on your e-commerce website. People can visit the website and place order for products. The beauty of online store is that you don’t need to store products physically. You can set up your online store with wholesale drop-shipping distributors. When a customer orders a product from your online store, products will be drop-shipped directly to them with your business name on the box. Therefore, you don’t need to tie down your capital on inventory. As the name implies, this is an online business idea and you can run the business from home. If you are still working, you can conveniently run online store as a side business.
Outsourcing is a good business opportunity for individuals with special skills. Due to economic downturn,many organizations are changing their business model towards outsourcing. They have discovered that there is no economic sense in maintaining certain personnel as full time staff. Perhaps you are among the people that this arrangement affected, no need to worry. Instead of seeking for another job as full time staff in an organization, you can choose to outsource your skills to several small businesses. This will increase your earning power. You can start the business from home. With your mobile phone, your clients can easily get across to you. Your target customers will be small businesses and large organizations that may want to outsource some of their functions.
Overseas Study Consultant
The rate at which people crave for foreign certifications is high and it is still on the increase. If you can provide advice and links between foreign institutions and the students, this will be a good small business idea. Colleges and Universities spend tons of dollars in advertisement for different programmes they offer. Instead of spending huge amount on advertisement, some of these institutions are looking for agents or representatives who can refer students to them. If you consider this a worthwhile business idea, the institutions you promote will pay you commission on each student you refer to them. To start this business, you should have a good knowledge of career counselling. Also, you should be able to advise the students on study visa rules as applicable to different countries. You need to properly register your business before you can work as an overseas educational consultant.
Party Disc Jockey
If you enjoy party and are good at song mixing and selection, you can start a small business as a Disc Jockey. There is hardly an event such as weddings, birthdays and parties where the service of a DJ will not be required. If you have the skill and the right equipment to entertain quests that will make an event enjoyable and memorable, you can develop this hobby into a business. The business can be operated from home and it offers flexibility. Since your services will be required mostly on weekends, you may not need to give up your existing job if you have one. DJ services can be run as a side business.
Many big corporations outsource their payroll function to other companies for reasons ranging from the need for cost savings to the need for correct interpretation and compliance to wage and payroll laws. If you have the necessary certification and licence, you can start a small business that offers payroll service. Please, you need to be conversant with wage and payroll laws and other regulations relating to human resources. The business requires initial investment for the acquisition of laptop and possibly payroll software. I know some people that started their payroll consulting business from home. Therefore, as a small business idea for beginners, you can start the business as a home business.