Think starting a business is too expensive? Think again, the facts may surprise you. Not only can you start a work at home business for next to nothing in 2017, the profit margins can be higher than traditional business. If you want to work from home, lounge in your pj’s and go to the bank check out these 7 hot businesses today in 2017.
There are two type of people in the world. Those who see the glass half empty and those who see it half full and it is true. This experience was heightened for me when I had lunch with an old colleague from work in Jan 2017 and he began to complain about how only rich people could start a business. I thought he must be joking, Right?
As I sat and listened to my close friend he ranted for almost 20 minutes giving all the reasons he could not start his own business and get out of the rat race for good. He talked about the high cost of start ups,
franchising and property development and all the government red tape.
When he finally came up for air I decided to ask him one question. Paul, “Have you every asked yourself what kind of low cost businesses with high profit margins are out there in 2017?”
He looked like he had been run over by a truck and was road kill. I went on to say, “You are just asking the wrong question, you need to look at things in a different light.” He sat for a minute and said, “Ok, if you’re so smart give me some ideas.” I said, “Great. Oh and by the way let’s make it fun and focus on the ones you can work from home in your pyjamas today.”
Here are the 5 low cost high profit businesses I shared with Paul which I will share with you as my home business subscribers in 2017 and for years to come.
1. Internet Marketing: Do you have a computer in your home and a internet connection? If so you could be sitting on a massive gold mine. People use the internet to do all types of things, from job searching, to finding a date and long time partner to running, guess what a home based business. From a multi-million pound wire jewelry making enterprise to a young kid selling his granmothers home made jam who won a million pound contract from a high st supermarket. Everyday people are getting on the internet and getting rich pursuing their own dot com fortune, you too can do the same and why not?
2. Tele-seminars: If you not a very technical person one of the best strategies is tele-seminars in the U.K. With simply a telephone and a conference call line for your guest to call in on you can offer a class or seminar service from the comfort of your home. You can either use it as a lead generator or you can sell your product or service from the seminar itself In 2017. An additional product can come from recording the class. Once you record the class it can become an instant product you can create passive income from. A simple e-course on how to make money online (MMO) all on tape to play back via a higher rate telephone number.
3. Joint Ventures: If you like the idea of not needing a product or money of your own than the idea of joint venturing could be for you right Now. This business is simply the art of the deal. You are paid in direct proportion to your ability to bring together two parties who would not otherwise know each other outside of your introduction. The introduction and business profits generated are split via profit share sometimes as high at 50%.
4. Affiliate Marketing: What if someone else did most of the work, design the products and all the marketing but you got to share in the profit pie? Well, that is what affiliate marketing is all about. There are thousands of products ranging from digital down loads to books, seminars not to mention hard products like computers, Home study courses and other techie stuff. Your role is to find the products that your market is interested in (your niche) and when you sell something you get a percentage of the sale. You can do this without having any inventory or the overhead of a traditional business.
5. Information Products: This is one of the most highly lucrative low cost businesses you can get into. If you have specialized knowledge or can do you can research and report on it you can create products on your own that are highly profitable. For example, one of the fastest ways to success is to interview experts in a high demand niche market and make a course out of this to sell anyway you please.
Once you have interviewed these experts you can take the information and create several different products from the one interview. Some of the things you can do is sell the recording itself as a standalone product, sell the transcript of the call, use some of the content create an e-book or report or take several of the interviews and put them together for an expert tape series.
6. Network Marketing/MLM: I have always been a fan of network marketing because the business model is as much about self development as it is building a business online at home. The premise is you find a company that you are passionate about the product in 2017, has a proven system and strong team leadership. Most of these companies are low cost of entry. And you build your empire leveraging the efforts of many.
Some people incorrectly believe you are going to get rich off the back of someone else. Not true. The very core of network marketing is built on the fact that you get paid in direct proportion of your ability to recruit, train, inspire, support and lead a voluntary group of people. For those who can do this the rewards are great.
finally:
7. eBay: I was recently introduced to the eBay craze by someone who in the beginning had no money so he decided to sell a tape set a friend had created. This product was a compilation of interviews with successful entrepreneurs in the U.K. Their first sale was £67.00 and they went on to build multi-million Pound empire. eBay is one of the quickest ways to get to a profit. You can take things that you have in your garage today and sell them on eBay tomorrow. Remember one mans junk is another mans treasure.
At the end of the lunch something interesting happened. My friend Paul was starting to see the glass half full.
How about you?
Are you looking for a business you can start without breaking the bank?
The above 7 businesses are just a few ideas to jump start your thought process.
However, make no mistake you can start a low cost high profit business and enjoy it while lounging in your pyjamas today.
I hope you have found this home business blog post useful, any question, comments or feedback you may have please do leave your comments in the below comments section and we will try to answer all your question in regards to this article very soon.
Copyright © 2018 Mr. Tony Ricco Gucinari