Cell Phone Accessories
I mentioned before that there are small business ideas that are aftermath of the introduction of GSM into our economy. One of these small business ideas is the sales of cell phone accessories. Some of the items you can sell include headsets, batteries, battery chargers, phone skins, memory cards, cables, face plates, modems and belt clips. If you can find a good location for this startup business idea and make the place a one stop shop for cell phone accessories, it is a lucrative small business idea. One of the success factors is a good location. You need a place with heavy foot traffic. Locating the business very close to where they sell mobile phones will boost your market. A lot of customers buying new or used phones will like to buy phone accessories like memory card, face plate and phone skin.
I have not been discussing business ideas that relate to manufacturing. The reason is that most of the startup business ideas in manufacturing sector require that you have substantial funds. For the purpose of people who may afford to raise the needed capital, I will begin to mention some of these business ideas. There are various chemical products one can start to manufacture. It can be organic or inorganic chemicals. You can invest into the manufacturing of fertilisers, insecticides or petro-chemical products. However, it is important that your products meet the requirement standards.
Debt Collection Agency
Certain startup business ideas tend to spring up more during economy recession. Among such business ideas is the debt collection agency. This is as a result of less disposable income which usually forces people to buy on credit. With less income coming in, debtors may find it difficult to settle their obligations as at when due. Before I start discussing about debt collection agency, I want to mention that it is not a business idea that you can just rush into. Anybody that will start this business idea is expected to have worked in that capacity before. It may be in a debt recovery unit of an organization or in another debt collection agency. Without experience, one may end up pursuing debtors without much too show for it. In most cases, clients will only give out debts that are almost turning bad. You should understand that your income depends on the amount of debts you are able to collect from the debtors on behalf of your clients. This startup business idea is commission based. You should be willing to do some leg walks.
If you are computer savvy especially in the area of graphic designs, word processing and other related computer software, desktop publishing may be a good business idea for you. Greater per cent of what you will be doing will require the use of computer. Therefore, you will need to have your own computer, software, colour printers and quality papers to do the business. Just like any other computer operations, it is what you feed into the computer that it will process. That is why they usually say “Garbage in, garbage out”. Your skills are very important. You should be able to fix rates that will justify the hours you are putting into a project. If you are not skilled in graphic designs, you should be willing to learn it. Otherwise, I will suggest that you consider other small business ideas as options.
Domain flipping may not as popular as other online business ideas; some people have actually caught a niche for themselves in the business. Domain flipping is more of investment. Just like other investment business ideas, the idea behind domain flipping is buying low and sell high. For people looking for online business ideas they can start as a side business, this will be a perfect fit. It is a business you can do without giving up your current job. This type of business idea requires patience. It is not that when you buy a domain today and buyer will come tomorrow. I am not saying it can’t happen but it will be one in a thousand or million. If you actually want to make it a business, you may need to buy several top domain names.