Domestic service businesses are great, they’re easy to setup, cost practically no money, and you get out what you put in. Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off ( went for $16 Million in 2009 ) there’s still plenty of others that you can get your hands on for relatively cheap and broker as your side hustle business idea. It is a simple business that just requires a laptop and an internet connection to get kick started. Too often (in our opinion) the ideas require some very specialized knowledge and/or training that not many people have.
If you have the experience working for a company that does home repairs or contracting work, then you can fairly easily start your own contracting business where you offer various services to homeowners. As an aspiring entrepreneur, you can successfully start this type of business with little cash and no experience in business. Any business you go into will involve some risk, but some businesses are inherently much riskier than others. There can be hundreds of more small business ideas that you can do in an innovative way.
One good thing about this type of business is that you can learn the technical skills from someone who is already in the business or from a technical school. It takes time to develop a steady patronage and iron out the operational issues of running the business. However, if you have a background in finance, or would like to pursue the schooling, starting a financial planning business might be the right small business idea for you.
It takes more than some organizational skills and a business card to come up with a rural consulting business. This is a service business and those little touches can make a difference in keeping customers coming back. With that being said, I want to find a way to help small town kids get noticed by college coaches. Massage is a big business and there are many variations you can offer to be distinctive. These days, having a website for business that ranks higher in Google is paramount for online success. Then, think about the risks and reward potential of the specific business you are considering.
Breakthrough products such as Apple’s iPhone, Tesla’s electric car, and Facebook are all examples of things that wouldn’t exist if it weren’t for small business innovation. If you have the resources to own multiple properties, you can rent out those properties as a business and manage the day-to-day operations from home. This article will list and discuss at home and other small business ideas with low or no capital requirements for the Philippines.