Thursday, October 28, 2010

Small Business Ideas That You Can Begin on a Small Budget

Maybe you have wanted to start your own small business for some time now, but you only have a small amount of money set aside. No problem! There are many business ideas available for an investment of $1,000 or less. Many of these businesses have little to no overhead, and can be run out of the comfort of your own home. Becoming your own boss has never been cheaper, or easier.
- Open a Consignment Shop - Instead of selling your used items on a bidding site, sell them in a storefront. There is little to be invested when you are selling items you already own. Enlarge the idea by selling the goods of others. You provide the space to store and sell their items, and when they are purchased, you split the profits. This concept of selling others' items can also work with bidding sites if you choose to sell entirely online.
- Reseller of Wholesale Products - Many companies offer their products at a substantial discount if you buy in bulk, or at wholesale rates. You will need to get a reseller number from the proper state or county entity; you can then purchase the product for resale. That is the only investment required. If you research and pick the ideal product to sell, you can earn up to a 50% profit on each sale, even after paying for shipping to your customers.
- Provide a Valued Service to Others - Many local business owners start by offering a service. Wash cars, mow lawns, or open a window washing business. Housecleaning and "sitting" services are inexpensive to operate and there is virtually no investment other than your time.
- Become a Notary Public - For an investment of a couple hundred dollars, you can become a Notary Public through your Secretary of State. Notaries must pass background checks and be bondable, as they will be guaranteeing the signature on extremely important documents. Mortgage paperwork, estate planning forms, and birth/death certificate applications are among the documents a Notary can guarantee your signature on. At $10 to $500 a signing, depending on the documents, you can earn your investment back in no time.
While some small business ideas can be implemented for next to no money, there are so many more than take a very small budget to get started. With a small investment, it is possible to realize your dreams of becoming an entrepreneur and being your own boss.

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