Starting Small Side Businesses At Home: Low Cost Investment Opportunities
In our present world, it seems it is becoming difficult to make end meets just with only one source of income. Therefore, many people (even those who have a job) are looking at the possibilities of starting their own extra-income business. And interestingly, it is good to know that a handful of such cheap businesses can actually be run from the comfort and privacy of our home.
Nevertheless, as with every form of businesses, it is important to first conduct some basic market research and try knowing how many people in one’s immediate area (or elsewhere) are interested in the proposed product or service (plus would be willing and able to pay money for it).
Why all these? What is the significance? Well, this is simply defining your market and also pinpointing your customers. You need to understand that the more precise and detailed your plan, the easier it will be for you to start a side business.
Here are ten small side business ideas you can run on part time basis, while you indulge yourself in other things:
1. Rabbit Rearing:
Oryctolagus cunniculus (the domestic rabbit), are prolific breeders that are said to produces large quantities of tasty meat. In fact, it is reported that their rate of production is faster than that of pigs, goats, or sheep. Yes, rabbits have short gestation period 27-33 days, and can even rebreed immediately after giving birth to young ones! You can make cool money by raising them at your leisure.
2. Party Equipment Rentals:
It’s obvious that renting party equipment has become big business (especially in many big cities). Such things as canopies, drums, chairs, cooking utensils, table cloth, etc, are in hot demand by party organizers. I personally know about three people doing this new side business, and they have one thing in common: it’s being run as a good side business.
3. Laundry And Ironing Service:
Every one of us actually has dirty clothes for laundry and ironing. But the fact remains that many of us don’t have time to do it all. Hey, why not capitalize? If your space is large enough to store all the clothes, give it a thought.
4. Firewood Delivery Service:
Actually, many times, those things being looked down do bring lots of money. With the price of fuel and oil rising, many people are now turning back to wood stoves and fireplaces to prepare their food. Why because, wood is easy to burn (and is less expensive when compared to oil and gas). If you have access to any type of timber or trees, you can be making money providing chopped and split wood to those using wood for cooking. And if you aren’t strong enough to do the cutting, you can hire someone, and then deliver the wood to houses and retailers.
5. Chalk Production:
This business is very lucrative in our country today. And that’s because, the market is quite large and the supplies are few. Chalk is used by schools (government owned, private, higher institutions, etc) and this business can be done right from one backyard and can be either a one-man business or a family business or a large enterprise
6. Small Poultry:
Poultry business is one of the profitable side business opportunities you can start from your backyard with 40 to 400 bids. You get someone experienced to help you set up the pen. And you need know that waste management in poultry is very important because if not properly handled, it will actually affect the growth, production and bird performance. A single bird can give an average of 730 eggs within 2 years.
7. Fish Farming:
Quite a few people have made a lot with fish farming (the population is swelling and we need more protein). Simply create a space behind your house or build concrete fish tanks. Buy fingerlings and feed them for 4 to 6 months, then sell hugely. Ensure you monitor the tanks for hygiene issues, because it’s very essential.
8. Snail Farming:
Snail meat is affirmed to be very safe (plus highly nutritious). The best period to commence snail farming is the rainy season. One can begin with about 50-60 snails to have a good knowledge about how snail breeding works.
9. Plantain Chips:
People enjoy chewing delicacies. The more you produce, the more money you make. Why because, many people loves plantain chips.
10. Yam Flour:
Processed yam flour is an easy method for the preservation of yam and making them available all year round for consummation. Also, it enhances the storage process and the movement of the product. Again, the preservation process may be supplemented with the usage of chemical preservatives (which is quite common in many markets).
Here we go. Ensure you do your homework, and don’t let fear of failure keep you back from success.