whats a good business to start on? thats not too expensive?

Question

Im 22 and I'm thinking of a good investment opportunity. anybody can help me out with any productive ideas?

Answer 1

Entrepreneur Magazine has a list of Low Cost Startup Businesses that you may want to consider http://www.entrepreneur.com/lowcostbusinesses/0,6617,,00.html

Remember though that the best business will depend on what you want, how you define to be interesting. A person may consider a pet sitting business to be the most exciting work in the world, while another person would rather watch TV than take care of dogs.

The key is to determine what your interests are, what you want to do, what is suitable for your lifestyle and your overall goals, and what can fit with your resources.

Dan Ramsey in his book "101 Best Home Businesses" has a chapter on how to find YOUR best home business. He suggests these 10 steps:

1. List 5 things you do best
2. List how others would benefit from what you do best
3. Find out how to give people what they want
4. Learn the value of your services to others
5. Find out who else offers similar services
6. Learn from the successes of others
7. Learn from the failures of others
8. Plan your own success
9. Make low cost mistakes
10. Enjoy what you do and how you do it

He then made suggestions on the best home businesses according to type. Here are a few of them:

Best Businesses Using Craft or Physical Skills
- antique restoration
- auto detail service
- carpet cleaning business
- errand/delivery service
- housecleaning business

Best Service Businesses
- bed and breakfast operator
- caregiver
- catering service
- senior day care center
- tutoring service

Best Professional Businesses
- desktop publisher
- magazine writer
- import/export service
- income tax preparation service
- event planner

Some other home business ideas:

Top 10 Home Businesses with Rapid Break-Even Time http://www.powerhomebiz.com/vol33/breakeven.htm
10 Profitable “Go-Out" Home Businesses http://www.powerhomebiz.com/vol31/goout.htm
6 Hottest Businesses on the Web http://www.powerhomebiz.com/052006/web.htm

You can also check out the following books:

Turn Your Talents into Profits: 100+ Terrific Ideas for Starting Your Own Home-Based Microbusiness
The Best Home Businesses for the 21st Century
121 Internet Businesses You Can Start from Home
The Best Internet Businesses You Can Start
101 Ways to Make Money at Home

Answer 2

Hi I was just browsing over the Internet when I saw your question. You might be interested in going into the telecommunications business/ industry. Im from the Philippines and we have this Linksys device wherein you connect it over the internet and you get a 24/7 dial tone from UK (UK provides the cheapest IDD call in the world), and all subscribers who has the same device can call each other for free.

Getting the product is very cheap, but the bigger business is behind the product, cause once we have both we could easily start a business between our countries and we would be more advantageous to other businessmen since telephone expenses is already out of the way.

The following could be some of the business we could start after acquiring the device: Import/ Export, Travel Agency, outsourcing of callcenter and IT related works or distribution of this technology. Its really a great opportunity since Im just one of the few to have this in my country.

I can give you a call if your interested my UK number is
[phone] or email me at [e-mail]

By the way Im just 25, but the exposure of this business is really tremendous, which is a good foundation of course.

Hoping for some positive response.

Martin Madrid

Answer 3

Think of all your interests & ask yourself if any of those could be expanded into a business. Just keep in mind...what's your expertise? What are your interests? What could you imagine yourself doing?

By researching the prospect of starting your own business -- what it entails, what you need to know, helpful hints, etc -- you'll feel better prepared to take that plunge.

I found some book titles that are relevant to your specific question:

* 101 Internet Businesses You Can Start from Home by Susan Sweeney
* The Best Home Businesses for the 21st Century by Paul Edwards
* Selling Online: How to Become a Successful E-Commerce Merchant by Jim Carroll
* I Could Do Anything If I Only Knew What It Was: How to Discover What You Really Want and How to Get It by Barbara Sher
* I Don't Know What I Want, But I Know It's Not This: A Step-by-Step Guide to Finding Gratifying Work by Julie Jansen
* The Best Internet Businesses You Can Start by Marian Betancourt
* The Shoestring Entrepreneur's Guide to Internet Start-Ups by Robert Spiegel
* Making a Living Without a Job : Winning Ways For Creating Work That You Love by Barbara Winter

Young Entrepreneur Specific:
* Generation, Inc: The 100 Best Businesses for Young Entrepreneurs by Elina Furman, Leah Furman
* The Young Entrepreneur's Guide to Starting and Running a Business (Completely Revised and Updated) by Steve Mariotti
* The Young Entrepreneur's Edge: Using Your Ambition, Independence, and Youth to Launch a Successful Business (Princeton Review Series) by Jennifer Kushell
* Upstart Start-Ups!: How 34 Young Entrepreneurs Overcame Youth, Inexperience, and Lack of Money to Create Thriving Businesses by Ron Lieber

I also posted some article links in the source box.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 4

I have a great opportunity using a MLM that requires only a minimum investment as you can refer custtomers and then you get credit for them buying the product then when you have enough credit to purchase into the program you then begin earning cash from those same customers. Feel free to check it out at www.mylegacyforlife.com/michaeljohns

Answer 5

Window washing, is a very cheap, but profitable business to get started in. Ladder, bucket, soap, and an add in the paper are all you need. We did this several years ago, but, we had other problems and had quit.

Answer 6

Public Speaking - requires only nice clothes and business cards.


Find your passion first - the money will follow.