The following home-based business ideas can be full or part time, and all have start-up costs under $2000:
1. Advertising Clipping Service
Did you know that companies that compete within the same industry regularly retain the services of an advertising clipping service to keep them up-to-date on how, why, and where the competition is advertising? Here is your opportunity to capitalize financially by starting an advertising clipping service. The key to success in this business is not to overcharge clients, but to work in volume. Charging clients a mere $30 to $40 per month to belong to the service will guarantee that you retain existing clients and attract new clients to the service very easily. Collect advertisements from newspapers, directories, magazines, and now the Internet and fax them to clients on a weekly basis. Securing and maintaining 100 regular clients can generate an income of as much as $35,000 per year.
2. Garage and Estate Sale Coordinator
Weekend profits await entrepreneurs with good marketing and organizational skills who become garage and estate sale promoters. Garage, lawn and estate sales are hugely popular events in every community across North America. In fact, it is estimated that more than 60 million people go garage-sale-shopping annually, generating billions in sales. As a promoter, you can provide clients who do not have the time or gumption to hold their own sale with the service of organizing and conducting the sale for them. Duties include promoting, organizing, selling items and cleaning up after everyone has gone home. In exchange for providing this valuable service, you retain a percentage of the total revenues generated—25 percent for larger sales and up to 50 percent for smaller ones. Once you have found a client, be sure to canvas the immediate neighborhood and solicit for additional items. Why hold a small sale if you can increase revenues and profits by enlisting neighbors to provide items, too? Promote the sales with professional site signage and in community newspapers that do not charge for small classified ads or for garage sale postings.
3. Framed Album Cover Art Sales
Old LP records are not only collectible for the music, but also for the often very elaborate album covers. Once framed, album covers become fantastic pieces of art and are highly sought after home and office decorations. The perfect place to market your music art is to CD music shops. This is a great retail distribution point as the match and fit is ideal. Establishing retail accounts is as simple as booking appointments with music shop managers and presenting finished and framed samples of your music artwork. At first you may even want to locate the artwork in the retail stores on a consignment basis. This can be your way of reassuring retailers that this is a no-risk situation. Additional methods to market the product include sales to interior designers, flea markets, mall kiosks, and direct sales to businesses like clothing stores, restaurants and offices. Whichever marketing method you chose, there will be very little resistance to sales of the art, as there is virtually no competition in this business. The best source for the album covers are garage sales, flea markets, and used record stores (covers must be in good condition). requirements: I suggest that you not only frame the album covers, but you also manufacture the frames yourself. In doing this you can better suit a frame to the art. Create highly attractive frames from brushed metal, glass, and other interesting materials. You will need a few basic hand tools and framing supplies, but that is about all that is required to get this business rolling. profit potential: Once framed, you will have no problem commanding $30 to $40 for each piece wholesale and more than $60 retail. The profit margins are great when you consider that you can purchase the albums covers for about 50 cents, spend another $5 on framing material and only have a half hour’s time into each finished piece. Providing you can tap into the right market to sell your music artwork, you can easily make $1,000 per month or more, and best of all, this can be accomplished with a part-time effort of only 10 to 12 hours per week.
4. Sleepwear Business
It’s a fact that more than six billion people inhabit this planet and the vast majority of people wear some sort of clothing to bed that was purposely designed for being slept in. That is one gigantic potential marketplace, thus creating an exciting business opportunity. There are various options available for starting this business, so consider these options:
-Purchase various styles of sleepwear on a wholesale basis and host in-home sleepwear parties that generate orders for your products.
-Design and manufacture your own line of sleepwear and wholesale your products to retailers.
-Create a sleepwear website that enables visitors to create their own sleepwear by selecting style, size and fabric.
-Design and sell patterns used for creating sleepwear and let consumers sew their own from the patterns.
-Secure the licensing rights to popular children’s program characters or themes and incorporate them into sleepwear for kids.
5. Herb Gardening
A small plot of land in your backyard can easily be converted into a cash-producing herb garden. Dill, parsley and chives are just a few of the many herbs that can be grown at home for profit. Get started by spending time at your local library and on the internet to learn as much as you can about herbs and herb gardening. The rest is very simple. Plant your garden, grow your herbs, design some herb packages, and set out to establish accounts with local merchants to sell your goods. Like any new business venture, there’ll be a learning curve. However, the rewards of a few extra thousand dollars each year can justify the effort.
6. E-Bargains
Simply put, you compile an e-mail address list of people that would like to receive your weekly e-bargains newsletter that features discounts on a wide variety of consumer products and services. There are no membership fees or costs associated with receiving the newsletter. It’s absolutely free of charge. Income and profits are earned by selling a very limited number of advertising spaces to online merchants and service providers that want access to your newsletter subscribers. In addition to paying the advertising fee, merchants and service providers must also agree that the products and service that are advertised in the e-bargain newsletter will be at least 10 percent less than the normal retail price. You can also spice up the newsletter by including trivia questions, games, jokes or any other interesting content. Be sure to comply with anti-spam regulations remove anyone from your e-mail list that requests so. Securing just five advertisers per week each paying $50 will create a yearly income in excess of $10,000, and best of all this can be accomplished with a part-time effort of less than 10 hours of work each week.
7. Online Children’s Camp Directory
Worldwide, parents have thousands of options in terms of what type and what style of camp they can choose to send their children to. However, due to the fact that there are thousands of choices, most parents will only learn about a very small percentage of these camps, thus potentially missing out on an opportunity to send their children to a camp that would be beneficial in terms of development. Herein lies the business opportunity. Create a website that operates as a directory for children’s camps located around the globe. The site could be indexed by the style of camp and geographic area. This would enable parents or kids to locate camps that are of interest to them within close proximity to their community. You could literally employ sales consultants in every state, or even country for that matter, to contact camps in their area and solicit the camps to become members featured on the website. Given the fact that there are thousands of various camps worldwide it would only require that a small percentage of these camps pay a minimal yearly listing fee to be featured on the site for this online venture to become profitable.
8. Online Scholarship Directory
Every year students vie for educational scholarships, and one of the most difficult challenges facing them is trying to keep track and up-to-date with the thousands of different scholarships that are offered each year. Developing a website that features information about scholarships can serve two purposes. The first is that creating this type of site is a terrific way to develop your own home based business. The second purpose is obvious; parents and students would have access to a fantastic resource base to learn more about particular scholarships and the required criteria in terms of the awarding process. This type of online business could earn revenue in a few ways, such as charging students and parents a yearly membership fee for access to the site or charging educational facilities and scholarship advisory boards a fee to post their scholarship information. Of course, advertising revenues could also be earned by renting banner ads once the site is established.
9. Toner/Printer Ink Cartridge Refiller
One of the fastest-growing service businesses today is ink cartridge recycling. Ink and toner cartridges used in most photocopiers, fax machines, and laser and inkjet printers can be recycled by simply replenishing the ink or toner supply, thereby keeping them out of landfills and putting profits in your pockets. This creates a wonderful business opportunity for energetic entrepreneurs to start a toner cartridge recycling service operating from home, on a mobile basis, or from a retail location such as a mall kiosk or storefront. The requirements for operating the business are basic, and you will only need simple tools, which are very inexpensive, and the ability to refill cartridges with new ink, which is easily learned. Offer clients fast and free delivery of recycled cartridges right to their offices, stores or homes, which can save them as much as 50 percent of the cost of new cartridges. This fact alone can become your most convincing marketing tool for landing new business, and don’t be afraid to go after the large accounts with hundreds of machines that regularly must have ink and toner cartridges renewed.
10. Bookend Business
Manufacturing bookends? Why not? They fall into the category of a great gift for someone who has everything. And best of all, the business can be set in motion for less than $500 and operated right from home. One of the key elements for this manufacturing venture to take off and fly will be your ability to design and create very unique and different bookends. One idea may be to capitalize on the ever-increasing environmentally friendly theme and manufacture all the bookends out of recycled materials. If this route is chosen, be sure to include the fact that your products are manufactured from recycled materials in all packaging and promotional material, as this can be utilized as a fantastic marketing tool. The finished product can be sold through retail stores, such as gift shops, bookstores and the internet.
11. Independent Real Estate Listing Agent
Here is a very inexpensive business enterprise that anyone with a phone book and telephone can start. Working as an independent listing agent for real estate professionals means that you cold call or telemarket for various real estate agents. Starting at “A” in the telephone book and calling people in anticipation that they are now or will be soon considering listing their homes for sale is all that is required in terms of job description for this business. Once you have established that a person may be interested in listing their home for sale, you simply turn this information over to a real estate agent to complete the negotiations. For every confirmed listing the real estate agent receives as a result of you initiating the procedure, the agent would pay you $250. For every property sold that was listed via your service, the real estate agent would pay you an additional $500. It would only take 30 listings and sales in order to generate an income of more than $20,000 per year.
12. Magnetic Sign Manufacturer
Magnetic signs are an incredibly handy advertising tool, especially for the business owner or sales person that uses their automobile for both business and pleasure, as the signs can be quickly installed or removed for storage in the trunk. Magnetic signs are also very easy to design and produce, making this an ideal business venture for just about anyone seeking to start a homebased business enterprise that requires little in the way of start-up capital and experience. The signs are actually manufactured from a vinyl material with a magnetic backing, which enables the signs to be lightweight and pliable. The signs are simply cut to size and shape, and vinyl letters are placed on them to finish the sign making process. The only equipment required for manufacturing the signs is a computer, page layout and design software, a vinyl printer, and a plotter that cuts the letters. Required equipment can be purchased used or new in most communities through printing and sign supply companies. Currently, small to medium magnetic signs are retailing for $30 to $60 each and cost about $8 to $12 each to make.
13. Online Advertising Agency
Not only will you be providing a valuable service for site visitors, but you will also be establishing your own potentially successful business. The business concept is very straightforward. Start by designing a website that features information about various advertising mediums including rates, contact information and any special promotions or discounts in terms of advertising rates. Business owners who visit the site simply locate the type of advertising that suits their marketing program and budgets. Income is earned by charging the advertising companies a fee to be listed on the site, as well as by selling advertising space featured on the site.
14. Jewelry Box Business
Jewelry boxes can retail for as much as 10 to 20 times of what it costs to build them, making this a potentially very profitable homebased manufacturing venture. This is the type of manufacturing business that will let you be very creative in design and in the materials selected for the construction process. Or in other words, “think outside the jewelry box.” Consider using materials that normally would not be used for building this product, like recycled items, seashells, glass, or plastic. You can market the boxes by renting table space at crafts sales and flea markets, sell them to retailers on a wholesale basis, and even get the jewelry boxes featured for sale on numerous Web sites. The sky’s the limit.
15. Knitting Business
Do you currently knit sweaters, jackets and more? If so, perhaps you should consider turning your hobby craft into a profitable part-time business enterprise. The business is to simply create beautiful and unique hand-knitted products, from sweaters to a clothing line for stuffed animals. The opportunities are endless; all you need is a creative spirit, knitting needles, some yarn and you’re in business. For the truly enterprising entrepreneur, develop a website that features knit clothing products for sale, as well as a custom made-to-order service where site visitors could simply fill out an order form for the size and style of knit products they want.
List compiled at Entrepreneur.com
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