Thursday 22 June 2017

15 Amazing Money-Making Business Ideas For Success


Deciding on the type of business to do is one of the greatest challenges most aspiring entrepreneurs face. Sometime before I started blogging, it was not clear to me the type of amazing money-making business idea I should actually go into. I was kept dangling because many business ideas were starring me in the face.

However, there are lots of businesses you can do on a small scale and get some dough right away. It doesn't require huge capital outlay to start. It's only your passion- doing what you love and loving what you do. What's your passion? What do you like doing effortlessly? Are you talented in any area? That, of course, could be your starting point to creating wealth. Remember, no man ever becomes great in life with idleness. To live a full and beautiful life, you must attach yourself to something that's money-spinning. Making money isn't  rocket science.
The following business ideas may help you get started:

1. Real Estate And Properties
One business you can start without money at all is real estate and properties. All that's required of you is present yourself as a consultant or agent and connect sellers with prospective buyers. Common examples of real estate and properties are land, building, etc. A 10% commission [or as agreed] is  usually charged for the services rendered.

With more commissions rolling in, you can expand the business by renting an office accommodation where you can operate as a full-time consultant. This, no doubt, will give you credibility and an edge over your competitors who don't have an office. But staying long in this business, requires trust, good customer relationship and goodwill. Real estate and properties can make you incredibly rich.

2. Event Planning/Management
This is one of the rapidly growing industries. Every week people the world over celebrate one form of event or another. Such celebrations may include birthday parties, naming ceremonies, marriages, anniversaries, political rallies, etc. With a token training fee, depending on your country, you can become a professional within two [2] years or less. This, however, depends on how fast you can learn and understand. As an event planner and manager, your job involves organizing, coordinating, and controlling of events to achieve predetermined objectives.

3. Laundry/Dry-cleaning 
Because most of the times we seem to be very busy with routine schedules in our homes or offices, we hardly make out time. This, no doubt, has affected the way we maintain our clothes. Aspiring entrepreneurs have found this business hot and are already smiling to the banks.

So, if you're thinking of a quick way of making cool legit cash, you can give this business a try. Both laundry and dry-cleaning go hand in hand. The objective is keeping a clothe neat and good-looking. Trust, meeting customers' collection deadlines are key ingredients of a successful laundry/dry-cleaning business.

4. Catering/Restaurant Business
As lucrative as this business, most people shy away from it. Often times, I hear people say, 'It's a woman's business.' While I disagree with this, I'm of the opinion that both men and women can undertake to do this trade. There are men who are caterers, chefs or cooks in big hotels. They can set up a catering/restaurant business with their side jobs. It's your passion that matters. Location and customers' satisfaction are two major factors that can help you succeed amazingly in this money-making business idea.

5. Tailoring/Fashion Design
Clothing the body is one thing all humans can't afford to overlook. It's simply indispensable. The style and shape of a clothe is important to the customer. In other words, their tastes and preferences matter to them. Meeting their deadlines and being meticulous about their clothes are crucial areas you shouldn't overlook at all. If you take these areas seriously, you'll be amazed at how you would be patronized.

However, like other trades, training for one or two years is crucial for becoming skilled. That actually depends on your ability to assimilate as fast as possible. While some people learn fast, others learn slow. The pace at which you learn will determine, to a large extent, the speed at which you can go.

6. Hairdressing/ Barbing
For most people combining hairdressing and barbing is ideal. But for others, it's not. Whether or not they're combined, the success factors are your experience and skill. Acquire a first hand knowledge about the business from someone who is already into it. Whether you're washing, dressing or cutting the hairs, some techniques are needed to achieve success. With little or no training cost, you can learn this business and get it up and running.

7. Sale Of Phones/Accessories
In this internet age, communication is one aspect of life that people can't do without. Family members, friends, relatives, well-wishers, etc, are all involved in the process. Communication can be formal or informal. In a formal system of communication, organizational members exchange information or messages to one another and among themselves. Any form of communication outside a formal setting is referred to as informal communication.

The necessity for communication has made this business even more lucrative, as the demand for cell phones and its accessories are on the increase. As long as people communicate, this business will continue to thrive. If you go into this business, you can make steady streams of income, all things being equal.

8. Interior Decoration
Many people are beginning to realize the importance of keeping their homes and offices neat and nice. And many interior decorators are finding this  business opportunity lucrative. The way you keep your home or office - clean or dirty, will either attract or repel your visitors/customers. The arrangement of your chairs, tables, TV, flowers, curtains, wardrobe, picture frames etc, should be a source of concern to you.

By helping people decorate their homes/ offices creatively and professionally, you could earn a fortune. Are you passionate about aesthetics? You can get trained on home/office make-over. With little training fee you can leverage on this business and pile up some reasonable dough.

9. Water Production
We all need water daily. We need it for different purposes - drinking, washing, bathing, cooking, etc. Research has shown that regular water intake helps our body function well. Water is simply indispensable to life! So if you have what it takes to do this business, you can make some money for yourself. Water can be produced in plastic bottle form, so it will be easier for people to carry them along wherever they may go.

But before you start this business, you must first register it with the appropriate government agency, get a license or permission to operate, get the required training, etc. Going through the back door will ultimately lead to prosecution.

10. Photography/Videography
Marking an event is one thing, and making it memorable afterward is a different ball game. Can you keep accurate record of all activities that take place at a particular place and at a given time? Even though you've a photographic memory, you may fail in some respect. Photographs and videos, can help you remember your past in picture form. Pictures are a great memorabilia. Have you ever taken a look at the videos or photographs you took 5yrs - 10yrs back? How did you feel?

Basically, you can start this business from your room. Yes, this is true! With passion and a good digital camera you're good to go. Good customer base, trust, meeting the deadline of customers and satisfying their needs are critical to the success of a photography/videography business.  As the business grows, you can move from a room to an office complex. This is sure to give your business a face-lift.

11. Multi-Level Marketing [MLM] Business 
This is a relatively new business. Most people are combining MLM with their side jobs and earning steady income. However, you need to possess some strong marketing skills to succeed. Getting people informed of new products or services and convincing them to buy, will only cost you hard-work. MLM or network marketing is more of referrals.

Do you have the ability to talk and relate with people positively? This is an important question you should answer before going into this business.  Do a due diligence about the company of your choice. Then look out for the most important aspect - good compensation plan! Many multi-level marketing companies have reared their ugly heads. Some have brought untold hardship to their innocent customers and disappeared into the thin air!

12. Blogging
A blog or website is an informational tool for reaching out to a large audience. Many bloggers are constantly making cool cash and smiling to the banks. What's blogging? It's the art of posting and publishing relevant contents onto a blog.

A blogger is someone who runs and maintains a blog of his own by posting articles. Such articles involve relevant information, up-to-date news, opinions or other interests which are usually shared among readers. A typical example is this article you're reading right now. The entries that are posted onto the blog are referred to as blog posts. Blogs should be regularly updated with original contents if it must survive competitions. Are you passionate about writing? You can blog and make some extra change legitimately. You can create a free blog at www.blogger.com

13. Agriculture 
Most of us like the white-collar jobs more than what some of us think is 'dirty' business - agriculture. Should we relegate agriculture to the background? I've seen people who've become millionaires by planting, harvesting crops and rearing animals. Do you know? You, too, can be a millionaire with agriculture. It's a good foreign exchange earner and provides employment to most people. Examples of agricultural produce are fish, cow, chicken, rice, beans, gari, groundnuts, yams, cocoa-yams, to mention a few.

Depending on the availability of agricultural produce and the system of agriculture practiced in your locality, you can start small with little capital. Take a look at the population in your neighborhood. How many persons are there? Do they eat food?  If they do, then you've a ready market for your business.

14. Website Design
The internet has provided us with lots and lots of job opportunities which we can do with our internet enabled devices. The goodnews is, they can be done from the comfort of your home. Web design is one hot business that's making waves around the world of internet business. You can start it today and make for yourself loads of cash - no hassles!

Many individuals and organizations are beginning to realize the importance of website as a veritable means of information and advertising of goods and services. The website helps businesses reach out to their numerous customers, irrespective of their location. It also helps us find relevant information faster. These individuals and organizations, are looking for people like you to design websites for them. Then, you get a commission after the job is done.

15. Freelance Writing
Website owners are constantly looking for freelance writers who can help update their websites with relevant contents and up-to-date information. A certain fee is paid for rendering service. A person who writes for another person[s] or an organization[s] on the basis of self-employed, is referred to as a freelance writer. So, a freelance writer is a hired writer in his own specialty; he works according to the specifications of his client and should have the ability to meet deadlines.

A freelance writer chooses who to work for and he isn't under any obligation. He has all the freedom at his disposal to work or not to work for a particular client. He sets his own time  and works without supervision from any quarters. Once an article is written and the freelance writer is paid, it automatically becomes the property of the client. Get tuned to the latest happenings in the world of writing!


Finally, choosing a business idea that makes you money to succeed amazingly, isn't all rainbows and unicorns. All you need, is the courage to start small and the discipline to stay focused until you achieve success. Don't bother about what you're going through. Look up to where you're going. 'When the going is hardest, just keep on keeping on, and you'll get there sooner than someone who finds the going easy' - Napoleon Hill Foundation.


 
ABOUT  THE AUTHOR:
Clement Nkem

Entrepreneur, Freelance Writer and Blogger. Join me here, on www.clementnkem.blogspot.com and learn how to become a successful entrepreneur.




   


Sunday 11 June 2017

10 Easy Ways To Raise Capital For Small Businesses

There are many easy ways to raise capital for your small business. The choice you make will determine, to a great extent, whether or not you'll succeed. Experience has shown that money-sourcing is not without a risk. This is why learning the basics of anything, including how to raise money is important. Once you identified and decided what type of business you're passionate about, next is find money to start it up immediately.

Basically, sourcing for the required capital for your business can be challenging. This is so because, at the point of raising money, majority of the people give up on their dreams. Developing success attitude towards business is very important. Entrepreneurs don't give up on their visualized dreams no matter the challenge, until those dreams are finally actualized. But not to worry, I'll show you easy ways you can raise cash for your small business without getting stuck in the mud.

1. Personal Savings
The easiest way to source for funds for your small business is personal savings. It's an individual responsibility. It's the best way to fund a star-up, as there is little or no risk involved. If you want to finance your new business by yourself, keep a certain percentage of what you earn as income every month. In 'The Richest Man In Babylon', George S. Clason said, ' A part of what you earn is yours to keep'.
Personal savings is money set aside personally for future use. You can maintain a personal savings for the purpose of starting a business. This however, may not be achieved over-night. Personal savings puts the entrepreneur in a more relaxed state of mind than borrowing from external sources.

2. Asset 
An asset can be the means through which your business can take off. It can be a good source of financing your business if you sell it. I recall how selling some of my shares aided me in purchasing a laptop for internet business. At which time, there was no money on me. It can be your best bet if you want to raise capital fast for your small business. They're easily converted into cash.

Assets are categorized into tangible and intangible assets. Tangible assets refer to assets that can be touched  Examples include cash, building, land, equipment, etc. Intangible assets are those assets that can't  be touched. The latter is the opposite of the former. Intangible assets are by their nature and value, long-term resources of a business entity, and are very difficult to evaluate. Examples are goodwill, patents, trademarks, copyrights, etc.

3. Friends And Relatives
One common way to finance your business is borrowing from your friends and relatives. But it's important you apply caution. Be sure there's an official written agreement or at least, a promisory note, wherein is stated clear repayment terms.

It's common knowledge that people fight over money often times. Even in law court, suits are filed against a person who breaches a contract to pay back money. Don't take borrowing for granted. "Better a little caution than a great regret'- George S. Clason".

4. Borrowing From Bank
 A good business plan is crucial to borrowing from banks. It helps the management know the prospects or otherwise of a business. Whether or not your loan application would be granted, depends on it. It must state clearly the nature of business, viability, market, sources of income, how to repay loan, etc. Note that no bank is willing to offer credit facility, except for what it stands to benefit.

However, borrowing from banks can be risky. You've got to develop the ability to withstand  unforeseen risk if it arises [and most of the times it does]. Borrowing can be likened to closing one financial hole and digging another. The hole remains!

On the other hand, some top wealthy businessmen have become successful through the use of other people's money. While you may be thinking whether or not borrowing is good, it's striking to note that some people obtain credit facility to invest. Others do so for mere show-off. But smart entrepreneurs use others' money to grow their businesses.

5. Bank Overdraft
This is a credit facility given to a bank's customer in excess of his deposit. Interest is usually charged for over-withdrawal. Overdraft is an easy form of credit to help you jump-start your business without going through the headache of taking a loan. It has a fixed period within which repayment is made.

6. Government Grants
This is another easy way to source for funds for your small business. Government may decide to give financial assistance to small scale business enterprises to encourage them succeed. Such businesses must impact on the lives of the citizenry, otherwise the government won't fund them. Grants are free monies which are never repaid. But before money is released, the government commits you by asking you to provide guarantors.

7.  Co-operative Society
The co-op is an organization of people of like minds coming together voluntarily to jointly own a business. Their resources are usually pooled together for their own mutual benefits. They may engage themselves either in production or distribution of goods/services. Management of this organization is democratic and members participate fully during elections. Their proceeds are shared equally among themselves. Co-op can be classified into Producers' Co-operative Society and Consumers' Co-operative Society. As a member of co-operatives, borrowing is easy and without interest. This can be a good source of funding your start-up.

8. Money Brokers 
If you've a business you want to start, it can be funded by individuals or organizations that are willing to assist you. The money broker connects you and the lending organization. He is paid a commission at the end of the deal. You can become a money broker today and earn huge fees that can easily help you raise cash for your small scale business.

9. Informal Investors
They're the 'Big Boys' who are willing to invest in your small scale business. They're sometimes called angel investors. This wealthy class of investors are looking for your business to invest in. 

10.Credit From Suppliers
This is a credit arrangement whereby the supplier[creditor] and the purchaser[debtor] enter into mutual agreement of give and take. The money is received by the purchaser to pay at a later date to the supplier. Trust is the greatest ingredient here; and once it's abused the supplier may decide to terminate the contract for fear of losing money.

Finding money to start your small business isn't rocket science. It's possible and achievable. 'As a man thinketh in his heart so he is'. All that's required is your ability to step up and take action. Entrepreneurs take the bull by the horn. Fear isn't in their business vocabulary. They know that it's riskier not to take a risk in life and that's exactly the reason they succeed. Regardless of the financing platform, applying what you've learned is only appropriate otherwise it will not hold.

To your success!

ABOUT  THE AUTHOR:

Entrepreneur, Freelance Writer and Blogger. Join me here, on www.clementnkem.blogspot.com and learn how to become a successful entrepreneur.

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