Like a lot of people, you may be on the lookout for ways to supplement your income, or replace it altogether. I’m sure you’ve read dozens of success stories about average people starting their own home businesses. Still, the whole idea may make you a little skittish. Fortunately, there are many businesses which you can set up with little or no capital. Here are three to consider.
First of all, freelance writing. If you’ve got a flair for words, and a computer with an internet connection, then you could be closer than you think to your dream job. Countless businesses have the need for skilled wordsmiths. From digital marketing companies to online stores, there’s a massive demand for people who can draft quality content. Unfortunately, you won’t be earning much straight away. In fact, a lot of freelance content and copy writers start off doing their work for free. Then, they use these published pieces in a portfolio, and reach out to larger and larger clients. I won’t lie to you and say that the work will always be exhilarating. However, you’ll always have at least some creative wiggling room.
Ecommerce consignment stores are another great opportunity for stay-at-home entrepreneurs. A decade ago pre-owned clothes and items had a massive stigma around them. Since the recession though, “gently used” clothes have made a huge re-emergence. If you’ve got a keen fashion sense, this could be an absolute goldmine! Start visiting yard sales, second-hand stores and the like, and pick up anything that catches your eye. Then, pick a site host, find some good free and premium themes, and set up your store. After you get used to running an ecommerce store, it’s all about marketing. Make your site attractive, secure and functional, and get everyone on social media talking about it. The secret to any clothing store is having some kind of slant or theme which sets you apart from the others.
Graphic design is another creative niche which you may want to turn into a business. Over the past decade, countless graphic designers have gone freelance, and made a pretty nice living from their passion. As a freelance graphic designer, you’ll be working on logos, brochures and the aesthetics of company websites. You may also be called to liaise with printing and publishing firms to decide on paper, printing processes, and cover stocks. Like freelance writing, business is going to be slow to begin with. You can get yourself started by offering some free work to start-ups, and using what you create to apply for further opportunities. Market your skills to advertising agencies, PR companies, and pretty much anyone in marketing. These kinds of firms are generally overworked, and will often run into times where they need to hire freelancers.
There you have three cheap and simple business ideas to consider. If none of these were an instant “eureka”, then I hope they’ve at least inspired you to come up with an even better idea. You’ll be amazed at how far an entrepreneurial spirit can take you.
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