In 2014, the unemployment rate is increasing rapidly and people are more open to starting new businesses or testing new ideas to live that American dream. Americans are shelling out their savings to take a risk in hopes of success and start their dream business. If you are an aspiring entrepreneur with the desire to own a successful business, join the club. There are many out there! But how much time and money should you invest in your idea? While all of this is completely up to you, there are some great business ideas to consider – and most of them do not require you to take on more than you can handle. Some great ideas requiring low investment are as follows:
1. Freelancing and Consulting
If you are knowledgeable on a certain subject and specialized in a specific area at a full time job, this may be a great choice for you. Although freelance is highly competitive, if you are a skilled expert in your area and have competitive rates, it should be fairly easy to bid on contracts with a little bit of research.
2. Elderly/Child/Pet Care
Elderly, child, or pet care can surprisingly be a lucrative industry! This industry can be extremely satisfying and rewarding. All 3 of these service based careers are actually increasing in revenue as well as need.
3. Beauty Services
It is simple to begin a hair salon or other beauty related services from your own home. Then, as the business grows and your customers increase, you can eventually find a retail space. This is a great industry to be in if you are great at networking and are very social!
4. Online Business
An online business is definitely what you make of it! The time put in is directly equivalent to the revenue generated. An online business can grow exponentially and if you have a great idea, the initial costs can be significantly low. A few successful ideas in 2014 have been vintage clothing sites, custom jewelry stores, a coupon site, or a organic/health food store. iScripts can provide you with the software that you need to get started. We have a marketplace or online shopping cart software called MultiCart available as well as a platform called DailyDeals similar to Groupon to create your own social buying site. iScripts is here to assist you with your online business needs and provide you with the standalone technology solutions necessary to get started. To learn about more online business ideas and step by step plans visit our resource page
Regardless of the industry that you enter when starting your own business, it will be key to have some sort of marketing plan in place. Of course, you will need a website and the technology on the page itself can almost instantly increase cash flow. In 2014, it is key to have a strong online marketing plan because the way leads are generated as well as the way business is now conducted has completely changed. Customer reviews on the internet can often make or break your business and it is important to pay attention to your overall page rank on various search engines! Your competition can easily wipe you out or you can become the successful entrepreneur that you aspire to be!