If you’ve recently retired, been downsized, or simply want to start a business, a hurdle you may face is deciding what kind of business is best.  The following are 10 sure-fire business ideas which can start you earning quickly.

Business Ideas

Sell on Ebay

Selling on eBay is virtually a no-fail proposition, requiring only a free eBay seller account and Paypal for collecting payment.  Start by selling some your own surplus; you’ll probably have your first sale within a week.  After cleaning out the garage, source new merchandise at yard sales, flea markets, and thrift stores.

Sell on Etsy

Similar to eBay, selling on Etsy requires only a free seller account and Paypal for taking payment.  It’s a great platform for selling your art, crafts, photography, or vintage items.

Start a Service Business

Services like house sitting, lawn care, and handyman services are good business ideas because they require very little startup other than your labor and a business card. Rates start around $30/hour.

Start a Consulting Business

If you have specialized knowledge or skills, consider consulting in that area.  Consulting services begin around $50/hour and can be started with just a business card.

Trade Stocks as a Home Business

An unusual business idea is trading stocks as a business.  There’s a bit of a learning curve; but, there are proven strategies to “cash flow” stocks with good predictability.  A trading account requires only a couple hundred dollars.

Flea Market or Antique Show Reseller

Do you like interacting with buyers and being outdoors?  Consider selling at flea markets or antique shows. There are small fees for setting up at shows; and, you’ll need merchandise and basic equipment (like a canopy and folding tables). However, some vendors make a thousand dollars or more at a single show.

Buy Rental Property

If you have the finances to buy an investment property, the rent is a predictable, dependable monthly income.  There’s just a single customer – your tenant – and the marketing and promotion are minimal.

Become a virtual assistant

If your computer and administrative skills are strong, one of the best business ideas is starting a virtual assisting business. Virtual assistants provide freelance administrative support to their clients.  Services range from preparing documents and spreadsheets to handling correspondence.  Those with specialized skills can offer everything from project management to website design.  Rates begin around $35/hour.

Offer Training

One of the more engaging business ideas is providing training.  Whether it’s software, foreign language, or even musical instruments, people are willing to pay to learn.  You can offer one-on-one lessons, small group workshops, or even complete courses.  Rates range from $25 to well over $100/hour depending on the setting.

Build a Sharing Economy Business

Drive for Uber, rent part of your house on AirBnB or HomeStay, or sell services and creations on sites like Fiverr or 99Designs – they’re all great business ideas.  There are even sites like Boatbound for renting your boat, and RVshare for your camper.

For help with financing your business ideas, contact Oakwood Commercial Capital to learn more about our full range of services.

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