5 Business Ideas That Do Not Need Investment - Mufazzal Kajiji - Finance Fanatic

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Wednesday, March 28, 2018

5 Business Ideas That Do Not Need Investment

In these times of crisis, many people consider starting a business, but as financial resources are scarce, it is worth reviewing this list of business ideas that do not require investment.


 - Organize Events (weddings and others) 

Despite the crisis, the big events are still celebrated, and some like weddings move a lot of money. If you have organizational skills you can contemplate the possibility of setting up your event organization business.

The initial investment will be almost nil, but you will have to negotiate with different service providers to be able to offer different options to the clients that look for an integral management of the event.

 – Personal Shopper

Surely you've ever heard on the radio ads to learn to be a personal shopper. It's about buying for others, usually clothes. It is a niche market, since customers are very busy people who do not have time (or desire) to buy clothes and are willing to pay a professional to advise them.

The service can be expanded by offering the management of the image of the clients, helping them not only to choose their clothing style, but also other aspects such as combing, combining colors, choosing accessories, etc.

- Private Classes

If you have knowledge in any subject you can consider giving private classes of support to children but also to older people who want to expand their knowledge.

- Commercial Intermediary

If you have the qualities of a good commercial and a network of contacts, you can consider yourself as the distributor of a product or the intermediary in a sector. The first job is to find a product that is not distributed in the area (or in the country) and sell it on behalf of another in exchange for commission. In this way there is no need to advance money to buy the goods and the risk of default is limited.

Once the business works, the benefits can be used for a direct sale activity, with higher expenses but also greater possible profits.

- Heritage Manager

Another option is to manage the assets of others. There are many variants. It may be a question of renting for short periods the flats of owners who want to ignore the subject. Unlike an agency, it is not charged by commission but a monthly fee paid by the client. In this case, a sufficient base of floors must be constituted.

A beach area can be a good option, and more so now that many people will have bought houses to speculate and do not want to sell them because of falling prices.

Before launching your idea, put it to the test with a good business plan.

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