Starting a Home Business: 6 businesses You can Start on a Shoestring Budget

Starting a Home Business: 6 businesses You can Start on a Shoestring Budget
Copyright © Jude Elile, small business helper

Welcome to 2011! I trust you are getting ready to churn more profitable plans for your small business success or at least about to lunch your dream business this new year? Whether seeking a supplemental income or a full-time income, many folks have undertaken the task to discover a viable home based or small business solution to meet their personal needs.

For most friends who contemplate a home business, a low-cost or near zero-cost solution is not only nice, but also very necessary. Many also seek to find a home business that will permit them to maintain their regular day job in order to protect their base income.

Taking the cautious approach to a home based business and keeping one's job during the start-up period is often a very good decision. By maintaining your job, you can maintain the health of your personal finances while permitting your home business to grow healthy and strong.

Fortunately, most home based businesses can be started with little cash, and can be maintained on a shoestring budget.

One day, the business will be strong enough to support itself and its owner. When that time comes, it will make good sense for you - the business owner- to leave your outside job and dedicate more time to growing and maintaining the new thriving home based business. You will know when that time has finally arrived.

The nature of a home based business makes it easy and very realistic for most folks to take the plunge into home business ownership. Yet, many folks put off starting their own home based business, because they have the misconception that they will have to risk thousands of their own hard-earned dollars at start-up. Then later, if their business fails, they fear they may be forced to take out a second mortgage on their house or whatever just to stay out of bankruptcy.

Are you one of these folks? Do you let your fears of failure keep you from reaching for your dreams?

If so, then allow me to introduce you to 7 home business ideas that you can start for less than $200 and can be started and operated very profitably as a part-time business.

HOME-BASED MAIL ORDER:
Home-based mail order is a good example of how one can quickly grow a home business income. Mail order is a low cost start-up business that can be launched for around $100 USD.

With proper planning, your home-based mail order business may not require up-front inventory purchases. In the mail order business, it is not uncommon to rely upon drop-shippers for product fulfillment services - Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer.

By utilizing drop-shippers, you can sell the products, collect the money and then purchase the products from the wholesale outlet. The wholesale outlet will then put a return address for your company on the product packaging and deliver the product directly to your customer.

Your primary expense in the mail-order business is advertising. Classified advertising tends to be a relatively inexpensive form of advertising with thousands of outlets available to the small business owner.

AUCTIONS:
Auctions can be an excellent source for buying cheap and selling high. Both government auctions and Internet auctions can lead to some excellent profit opportunities. Auctions are an excellent tool for both acquiring and selling merchandise.

MAKE AND SELL YOUR CRAFTS:
Crafts are a hot seller at country fairs, group meetings or anyplace where people gather. Make your own crafts and sell them for profit!

SELLING INFORMATION:
Selling information by mail is another good example of an inexpensive home based business start-up. One can gain the resale rights to information for usually about $50 USD. Other costs will include printing, paper and postage or distribution. There are plenty of free classifieds sites on the Internet, in which to successfully advertise your information. Try using your local distributors as well.

WRITE INFORMATIONAL BOOKLETS:
Write and publish your own informational booklets; sell them at a price low enough for you to make profit! All you need is a little know-how, a printer, paper and stamps. This is a GREAT home business idea! You can also sell the resale rights to others, for extra profits. In this age of the Internet, you may also take advantage of the fact that selling information is one of the most profitable endeavors one can pursue online.

OFFICE SERVICES:
Offer office services for hire in your local paper. You'll be surprised at the amount of regular office business that can be gleaned from one little classified advert. Word processing, typing, accounting, data entry, proofreading, transcription, promotional letters and newsletters. All these tasks and more can be accomplished right from your own home office.

CONCLUSION:
On your search for the ideal home based business, try not to get caught up in any scams that will run off with your money. Just use your good judgement and invest wisely in proven methods of earning extra income.

Do leave a comment or question for am committed to helping you succeed.

To your success