Refurbishment of Antique
You must have heard that you can sell your old stuff to earn extra cash. This is true. Better still, when selling old stuffs, you may not have good value placed on the items. You can take a step further by refurbishing them before you sell. This will enhance the value of the items. By the time you realise how much you make in the process, you can discover that this can be a good business idea for you. You can then take it to next level by buying old antiques and refurbishing them. You can sell these items through auction sale. A good place to sell such items is Craigslist. You don’t need office to start this startup business, you can work operate it as a home business. If you want to engage in yard sale, you need to be security conscious. You should beware of the type of people you invite into your compound.
Rent of Free Space
In cities, almost everywhere is becoming crowded and jam-parked with people and all sorts of stuffs. If you are one of the privileged people that have extra free space in your house, you can make extra income through this. This can be a free room, storage closet or a parking lot. Renting out such space is a good business idea. Because of the harsh economic situation, some people can no longer afford the luxury of staying in an apartment. Some have lost their jobs with no income coming in. Letting your free room to this category of people will not only earn you extra income; you will be providing a solution to somebody’s problem. Besides this, you can provide storage solution for people with excess stuff. But you need to be clear about the type of items people are allowed to keep in your house. Rent of free space is one of such small business ideas that can give you passive income.
If you are looking for recession-proof small business ideas, restaurant service is one of them. Food is a basic need that we cannot do without. Whether you are providing fast food or family dining type of restaurant, there will be a market for the business. Locating a good place is key to the success of restaurant business. You can start your restaurant service in a small scale but your location will determine the initial investment it will require. This type of small business requires that you obtain permits from relevant authorities.
There are young graduates looking for job who are not skilled in resume writing. The rate of unemployment is very high in our country. For any candidate to be short-listed, the curriculum vitae will be the first selling point. Therefore, resume writing presents a good and lucrative home business. You can start writing resumes with just your laptop or desktop. Therefore, resume writing business is a good home business idea with low startup costs.
Sales of Lubricants
Lubricants are used by vehicles, generators and other machines. We have a lot of them here. To keep them working, they need lubricants. This makes the sales of lubricants to be listed among our list of small business ideas. Because this is a commodity product, your profit will depend on how low you keep your cost. This begins with your ability to buy your products at reasonably low price. Buying in bulk can make you enjoy quantity discount. You will also be able to save money on transportation costs. You need funds to rent a shop and for the purchase of initial inventory.
Sales of Frozen Foods
We have epileptic supply of power. This makes it difficult or more expensive for individuals to buy and stock chickens and meats. If you have good power generating plant with good and reliable supplying source for frozen foods, this startup business idea is very lucrative. Please note that it is not advisable to sell contraband goods. It is possible that importation of frozen foods has been banned in your country. As a result of changes in government policies and regulations, some small business ideas that were once lucrative are now no go areas.
Read Also: How to Start Frozen Food Business
Sales of Pharmaceutical Products
Pharmaceutical products are in high demands in the markets. If you have the required certification and license to operate, it is among fast moving small business ideas in towns and urban areas.