24 Smart Business Ideas for You to Launch for Free or Cheap

Everyone in his/her own way definitely has something to offer. For some people, it might be a skill while for others their amazing business ideas but the basic thing here is the fact that no body is totally useless as we are all gifted one way or the other in our own different ways.

Today we are going to be looking at some of those smart business ideas you can try out and earn from. Here are about 24 smart business ideas you can utilize and earn a good income through them.

1. Designing Business Plans

Having a eureka momentis great, but it can be hard to put that idea down on paper in a waythat will speak to a potential investor. If you have owned your ownbusiness in the past or earned a business degree, why not help thosewith a eureka moment start something they love? Plan your fee aroundthe various packages you are prepared to offer your clients. You caneither:

  • Create an electronic copy that your client can customize
  • Keep a copy on file and continue customizing it according to their needs
  • Create various templates that you can show your customers and how you can customize the templates for them accordingly

2.Informational Product Creator

Similar to blogging orvlogging, creating informational products is your chance to put yourexpertise in an e-book or some form of digital format and selling itto the online world. Find a niche that’s not been overdone and startwriting. You can sell your information piece on platforms such asAmazon Books.

3. Resume Writer

No matter theexperience, there are very few people that enjoy or are good atwriting their own resume. Individuals pay very good money to havetheir personal statements put on paper for them. It will cost younothing to get setup and once you get the hang of it, you should beable to average a good hourly or daily pay rate.

4.Domain Name Buyer

As the name suggests,all you need to do is buy domain names you believe people will wantand sell them for a profit. You will need to be able to:

  • Identify profitable domain names
  • Identify domain names that are memorable
  • Learn about SEO and keyword optimization

5. Flipping Websites

Flipping a website isthe art of buying an already existing website, improving it, andselling it. With the right web development skills, it is a very easyand cheap trade to explore. That said, you need to be able toidentify websites that have the potential for improvement.

6. Translator

Translating is one ofthe easiest and most profitable industries to delve into if you areproficient in more than one language. Sought out on a global scale,translators do not need any capital to get started and can earn asalary of $40,000 a year (minimum) depending on the size of thecompany you are hired by and the length of the contract they offer.

7. Financial Advisor

Although the number ofpeople wanting to start their own business has grown, many still donot know how to organize themselves financially. Start by gettingyour Certified Financial Planner (CFP) certificate to show clientsyou are credible. On the other hand, if you already have theexperience, you can start by advising individuals and then grow yourempire to consult for larger organizations.

8. Editorial Services

An editorial servicesbusiness is easy to start, requires no initial monetary investment,and has a huge potential for expansion. From small and largebusinesses to authors and students, your client base could beendless. You can offer a variety of services, some of which include:

  • Copywriting
  • Ghostwriting
  • Magazine article writing
  • Newspaper article writing
  • Web content writing
  • Proofreading
  • Editing
  • Indexing
  • Book writing

9.Online Photo Selling

If you are a professional photographer or just have a deep-rooted passion for it, you can make money from your pictures on photo selling websites. All you need to get started is a camera, preferably a digital SLR with a minimum of 8 megapixels, and a computer. Once you have established yourself on websites such as GettyImages.com and Flickr.com, you can setup your own website with a list of your watermarked images and their price per unit.

24 Smart Business Ideas for You to Launch for Free or Cheap

10.Meal Planning

There are loads ofpeople who love food but don’t have the first clue about what to buy.They are either not very confident in the kitchen, don’t know thefirst thing about a balanced diet, or struggle with maintaining abudget. As a meal planner, you would:

  • Create a list of ingredients
  • Create step-by-step recipes for your customers to follow
  • Explain the nutritional value of the meals to educate your customers
  • Explain to them how they are saving money by sticking to your meal plans

11.Survey Taking

Although you won’t getrich doing surveys online, you may make a steady income if you signup to multiple sites. These surveys take barely any time at all tocomplete and can normally net you around $150+. Some of the mostpopular survey-taking platforms include:

  • MySurveys
  • InboxDollars
  • Global Test Market
  • EarningStation
  • Harris Poll

12. Direct Sales Representative

The term “door-to-doorsales” often puts off people, because all they picture isgetting doors slammed in their faces on a daily basis. That said, byworking for companies such as Avon, Mary Kay, and Tupperware in theright areas, you could host very civilized parties in your home,allowing you to make money while meeting new people.

13.Travel Planning

With all the bookingplatforms available online today, anyone can book a holiday from thecomforts of their home. But with so many different factors tocompare, it can be overwhelming. Some of these include:

  • Flights
  • Car rentals
  • Hotels
  • Restaurants
  • Tours
  • Activities

If you have strongorganizational skills and the knack for finding a good bargain, youcould offer these services to others who have less time on theirhands. Find the deals for your customers and add your surcharge foryour services.

14. Currency Trading

Online currencytrading is easier than ever thanks to the number of tutorial videos,online courses, and applications that offer step-by-step guides tobecoming a currency trader. All you need is:

  • Technical skills
  • Fundamental analytical skills
  • A small amount of cash flow
  • A phone, tablet, or computer

15.Professional Photography

Whether it is awedding, family event, or a business’ marketing materials, people paygood money for professional photography. Unless you feel the need tosign up for an online course, the only monetary investment you willhave to make is for a camera. Establish your daily fee and rememberto keep into account your travel expenses.

16.Property Manager

As a property manager,you will be responsible for ensuring your clients’ properties arerunning smoothly. You will also be the primary contact for tenantsand will be responsible for making sure the properties you manage aresafe and well-maintained.

17.Home Inspector

This job may soundlike it is just a matter of looking around people’s homes, but itactually requires a high level of expertise. You will need to learnabout the new products that are constantly appearing in the marketand stay updated with any changing laws. Networking and buildingpositive relationships with your local real estate agents will giveyou the best chance of success, as they will recommend your servicesto others in your area.

18.Life Coaching or Mentoring

If you have a proventrack record in a particular field, can prove past success, or havetrained in matters of the mind, life coaching or mentorship could befor you. People, especially soon to be entrepreneurs, seek guidancethrough mentorship and life coaches. You can setup your services fromthe comforts of your home with no monetary investment.

19. Massage Therapist

The licensing tobecome a massage therapist varies according to the state in which youreside, but if you have a passion for health-related activities, youcould take a masseuse course and set up a clinic from the comforts ofyour home. Once you have completed your course and gained yourlicense, you will have to invest in a massage bed as well as theappropriate oils and massage products.

20.Personal Chef

As a personal chef,you will spend your days cooking for people who do not have the timeto do so themselves but do have the money to pay someone to do it forthem. If you want to stand out from the crowd, offer meal plans thatsuit various dietary requirements, such as:

  • Gluten-free, lactose-free, or egg-free meals
  • Vegan and vegetarian dishes
  • Meals for those with diseases, such as coeliac

21.Babysitting Services

Babysitting may notsound like a profitable market to enter, but you’d be surprised howwell you can get paid if you have the right experience,certifications and licenses. Although formal training is notrequired, this can teach you all the procedures in the case of anyemergency. There are also a number of families offering service workas a:

  • Babysitter
  • Nanny
  • Tutor
  • Au pair

22.Personal Driver or Taxi Services

This is an especiallyeasy business to start if you live in an urban area, as manybusinessmen and women prefer having a driver to go to and from workin order to make calls, schedule meetings, and generally work on theoperational aspects of their companies during that time. On the otherhand, if you are looking to start a business that is more like a taxiservice, why not become an Uber driver? To become an Uber driver, youneed:

  • A decent car
  • A clean driving record
  • A smartphone
  • To be 21 years or older
  • At least 3 years’ driving experience
  • A background check

Some of the mainbenefits of being an Uber driver are:

  • You can create your own schedule
  • You don’t have a real boss
  • You will benefit from “surge pricing” regularly
  • You’ll meet new people every day

23.Bridal Concierge

The wedding industryis one that will most likely live in perpetuity. This is meant to bea special day for a couple, but often turns into a chore because ofall the planning that comes with it. Because it is nearly impossiblefor brides and grooms to be able to enjoy the planning of theirwedding, they often pay professionals to do it for them. If you havestrong organizational skills, are communicative, pay attention to thelittle details, and love weddings, then you could set up shop fromthe comforts of your home. To get started and build a portfolio,offer your services to a friend or family member. From there, you canstart charging other clients.

24.Auto Repairs

You can start an auto repair shop from the comforts of your home if you have a garage and the right tools. On the other hand, if you don’t have the space to open a business from home but do have the tools, you could open a mobile auto repair shop where you travel to the location of the vehicle in need of repair.

There is also the option to start your own car wash and detailing shop. You don’t need to have any mechanic skills, just a keen eye for detail and a love for getting your hands dirty. This is a very rewarding business that can become extremely profitable with the right promotion.

Reference:

75 Ideas for Businesses You Can Launch for Cheap or Free

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