MOST LUCRATIVE SMALL BUSINESS IDEAS

Most Lucrative Small Business Ideas

Consultancy
For starting a business consultancy, the only things that you initially need to invest in are an office space and a telephone. Of course, you should have the required industry experience to offer advice to upcoming businesses as well as some good contacts, with the help of whom you can get clients. So, if you have experience in marketing, you can offer your consultancy services to small businesses on how to market and advertise themselves as well as their products. If you have experience in the financial sector, you can advice businesses as well as individuals on how to manage, save and invest finances for maximum profits. Likewise, depending upon your experience and knowledge, you can start a consultancy for businesses and individuals.

Home Repair Services
In this time of recession, when people are in no mood to invest in a new property and move houses, a business which upgrades the place they are living in currently i.e. offers home repair services like plumbing, roof repairing, electrical wiring, tiling, amongst others, can prove to be very lucrative. For carrying on this business, you would need to hire people who are trained in these jobs as well as clients who need their services.

Online Selling
As more and more people depend on the Internet for work, socialization as well as shopping, the scope for online selling business has increased manifold. For doing this business, you need a credit card and a registration with websites such as ebay. On these sites, you can sell anything, be it clothes, bags, wall hangings, books, art and craft items, etc. Many people are already making a lot of money through online selling. Buying goods cheaper from discounted or second hand stores and then selling them at a profit online, is the way this business is mostly conducted.

Employment Agency
Another of the lucrative business ideas, keeping in mind today's economic scenario, is to start your own employment agency. As the number of people who have been terminated from their jobs increases, they would be obviously needing new jobs and employers. By starting an employment agency, you would be providing a meeting ground for them and their probable employers. Again, good contacts in the industry is a prerequisite for being successful in this business.

Life Coaching
One of the lucrative small business ideas is to become a life coach. A life coach is a person who offers guidance to the people on how to lead a happy, fulfilled and satisfied life. As the economic recession has left many people under a lot of stress, this business has a lot of scope of doing well in today's scenario. To make this business a success, you need to be a good judge of human behavior, well traveled and experienced, you should have an ability to empathize with people and show them the right course of action.

Cleaning Services
You can provide cleaning services to households, such as window cleaning, carpet cleaning and vacuuming the entire house. For starting this home business, you need to invest in a few cleaning tools, equipments and products as well as pamphlets for advertising in your neighborhood. Initially, you can carry on the business yourself. As and when your clientèle increases, you can hire some more people to do jobs for you.