With the economy on the decline, more and more entrepreneurs are choosing to save their investment dollars and start their own businesses from home. Maybe all you really know is that you want to run your own business, but are fresh out of small business ideas. Another way to make money online is by building a job hunt website. It will take some time to build a corporate insurance brokerage, but this kind of business offers both high income potential and the possibility of someday selling it for a high multiple of earnings.

If you have something you’re skilled at and very passionate about, you can turn that winning combination into offering your services with one-on-one online coaching. With a little knowledge of web design, you can start an online business selling website themes.

It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent.

If you’re looking for an interior or craft-based business idea, it’s time to look back to the 70s – yes, really. You also want to make sure your idea does not get in the way of you making money today in your current job. Hence, as someone looking to build a business along these lines, you should be prepared to invest your time and money in running an active website (with a domain name, hosting services, and perhaps SEOs), offering your services to potential clients.

The 9 Elements Of Great Bootstrapped Business Ideas

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Easy Low Cost Business Ideas

Knowledge about marketing can increase the rate of success of your business in this field so you better need to learn that too if you’ll choose this field.

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How To Find Your Small Business (Or Idea)

Change is the one constant of life that keeps business people needing to adapt and realign with market changes. The next step is to see if your idea can become a viable product or service, and then a company. There are several ways to do some research to be sure there is a market (buyers) for what you would like to promote or create to start marketing. Listen to my interview with serial entrepreneur and investor, Michele Romanow about how she built an app that earned $500,000 in 3 months (as a side business idea outside of her day job) and how she eventually sold the company to Groupon.

If you’ve developed valuable skill sets or certifications within your industry over the years, consider putting your skills to use in your free time by offering your consulting services to local business owners as a potentially lucrative side business idea.

Business Grants

Hot home based business ideas abound on the internet. A great place to find business ideas is in your immediate location. Larger firms can hire an agency or full-time staff member to run their Facebook and Twitter accounts and blogs, but small businesses often have to take care of their own social media marketing.

If you’re a people person that likes working with their hands and meeting new people, this could be a great career and business idea for a small town. You still need to come up with a solid idea, build a brand, do marketing, and provide customer service. It’s when you’re sitting there, writing, preparing and planning your online business that the jigsaw starts floating into place automatically.
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Need some low cost business ideas? I also tried to focus on side business ideas that have some sort of online component to them, since that’s what I love most. Let’s face it, a typical 9-to-5 job is just working on someone else’s schedule to build their business while you get paid the same old wage year after year.