19 Business Ideas You Should Consider In 2016

Picture13Today, a lot of people are looking for multiple sources of income as salaries are no longer reliable in this economic climate. If you work a traditional nine-to-five job and are looking to increase your monthly income, you’d naturally want to look out for side businesses that you could do when at home. Here are 19 home based businesses that you could start for very little capital and are guaranteed to yield high returns if properly managed.

1. EVENT PLANNING

Has expansion possibilities

This business is becoming increasingly popular in Nigeria particularly in Lagos, where Owambe (Naija speak for social event) is highly frequent and happening every other weekend. First, you will need to find and visit potential event place with which you plan to work. Create a database that can allow you sort event venues by varying feature like the number of people each site holds, size of parking spaces, presence of audiovisual equipment, rental costs, ease of accessibility, etc. Then when you are starting to plan an event with a client, you can find out what the key parameters that are necessary for an ideal site and easily pull three or four sites that meet the basic criteria.

2. CLEANING SERVICE

Has expansion possibilities

This is a business that doesn’t go out of business. It’s hardly affected by serious issues like government policies or something mundane like seasons. You can decide on your operation hours and the area you want to specialize. Want to work when no one else does, focus on office clients. Consider restaurants if you want steady clients. Perhaps you would be more interested in-house cleaning. The good thing about starting a cleaning service is that you don’t need to spend money on advert or marketing. Your customers will come by word of mouth and they will market for you if you do a good job.

3. BUSINESS PLAN SERVICE

Has expansion possibilities

A business plan service is something you can run in your spare time. Identify entrepreneurs looking to start businesses, offer them business plans, complete with market research, business plan narrative and financial statements. Charge your fee and give clients the electronic copy of the documents so they can continue or offer to help them tweak it whenever necessary as an add-on service.

4. COMPUTER REPAIR

Experience or training or licensing may be needed

Most people typically use their computers for word processing, photo manipulation, email, spreadsheet, and design. Study the main types of software that could be used to achieve this. Then, make yourself familiar with the major and peripheral computer components in their varieties—monitors; keyboard, from ergonomic to wired and wireless; mouse types; printers and scanners. Also, familiarize yourself with the available ISPs (internet service providers) in your area. Establish yourself as the go-to person who can meet the needs of the PC user, the small business or a big organization.

5. ACCOUNTANT

Experience, training or licensing may be required

Decide the kind of service you want to render. Do you want to simply do bookkeeping for a small business or you want to do something deeper like balance sheets, income statements, and other financial reports on a monthly, quarterly, and/or annual basis, depending on what the business needs. You can also consider tax accounting which is a specialized area. But, be advised that many small business owners keep account of their own day-to-day transactions which means you should consider the size of the businesses you are targeting.

6. CONSULTANT

Has expansion possibilities

To be a consultant, you need to have an expertise in something so you can market yourself as an advisor to others looking to work in that area. Perhaps you managed several large warehouses in your career with a drugstore company, you did all the marketing for many years for a large shoe manufacturer or you set up a chain of beauty supply shops or take-out restaurants. You can use this experience to help others do similar things without making the same mistakes that you made along the way.

7. DOG BREEDER

Experience or training may be needed

Foreign dog breeds are a big deal here in Nigeria and purebred dogs can command large sums of money. But becoming a dog breeder is serious business catering to savvy consumers with high expectations of their pet purchases. You will need to establish yourself as a conscientious breeder who cares about the health and welfare of the animals you breed. Popular breeds in demand include Alsatian, Boerboel, and Rottweiler.

8. EDITORIAL SERVICES

Has expansion possibilities

Here are some of the editorial services you can provide from the quiet of your own home:

·         Copyediting. This is where fact checking takes place, and where grammatical, stylistic and typographical errors are caught.

·         Proofreading. This is the last stop for a “finished” piece. The proofreader makes sure the copyediting changes have been properly made and no new errors are created in the process.

·         Indexing. There are indexing courses available and you can get indexing software.

·         Developmental editing. A developmental editor works with a manuscript on big-picture things like organization and content issues.

·         Book doctoring. This is an editorial service provided for manuscripts written by experts. They create a manuscript as best they can and then a book doctor puts it into publishable shape.

·         Ghost Writing. As a ghost writer, you actually do the research and write the book and someone else’s name is attached as the author.

·         Copywriting. Also known as business writing, this is writing that promotes a product or a service.

·         Book writing. Do you have an expertise in something professional, such as accounting or interior decorating? Or personally, like knitting? Why not write a book about it?

·         Magazine article writing. Magazines and newspapers are a great way to get your writing published before tackling the daunting task of writing a whole book.

·         Web page content provider. Providing content for a web site is a good way to make some money writing.

9. ELECTRONICS REPAIR

Has expansion possibilities

This business is similar to the computer repair business, but you will take on all sorts of electronic equipment besides just computers. With smaller electronics, you will need to be prepared to have customers bring their repair projects to you, as you would have difficulty recovering the cost of driving around picking up broken equipment and returning it. You may also want to encourage people to give you their old electronics so you can use them for parts.

10. INTERIOR DECORATOR

Experience, training or licensing may be needed

Market your talents to building contractors and home owners. Buying or renting a new home can often be overwhelming when you consider the choices and possibilities of decorating or re-decorating the home. Design some questionnaires for each major element and each major room in the house. Find out how the homeowner will use the home–are there children? Pets? Does the woman of the house wear high heels? Do the home’s residents neglect to remove shoes? How will each room be used? Where might task lighting and ambient lighting be most appropriate?

11. JEWELRY MAKING

Experience or training may be needed

The jewelry business is a budding business that is being conducted all over the country. It’s very cheap to start as materials can be sourced locally. Materials like glass, plastic, feathers, even wood are readily available. The trade may require some level of creativity on your part. But, once you can make beautiful designs with good materials, you are good to go.

12. MARKETING COPY WRITER

Experience, training or licensing may be needed

Writing is a skill that sells, particularly in the marketing department. If you can write copy that appeals to the emotion of customers and make them want to buy what your client is selling, you can make extra cash besides what your 9-5 job pays. If you aren’t experienced in copywriting, take a short course in it. There lots of online courses you can take to get you started.

13. WEDDING PLANNER

Experience might be needed

Take a drive around Lagos on weekends or visit the Ikoyi registry during your leisure period, you will be surprised at how big the market is. It’s almost as if people are getting married every hour. But, first, you will need to be up-to-date on wedding trends and fads, dress styles, color trends–almost everything under the sun. Offer your customers an ala carte menu of services, from helping pick flowers, the wedding gown and bridesmaid dresses to picking the venue and hiring the caterer. Before you open your business, shop at all the wedding shops, and even pretend you are a bride-to-be to see what kinds of services the wedding gown shop provides and how they treat potential customers. You need to know every detail of the business to give the accurate impression that you are the go-to person for anyone planning a wedding.

14. HAIRSTYLIST

Experience and/or training may be needed

Apart from eating, trying to look good is what people do all the time. Hairstyling could be very lucrative if you are good enough and know the kind of customers you want to cater for. For example, you can consider a home-based stylist business where you can go to homes of customers who don’t have the time to queue or even visit a regular salon and make their hair. You’ll be surprised at how much people pay for convenience.

15. DAY CARE SERVICE

Experience, training or licensing may be needed

Perhaps you are a stay-at-home mum and you love children. Perhaps you have children of your own and the idea of taking care of a few more for part of the day appeals to you. Many people prefer the option of their child being cared for in a home environment while they are at work, opposed to a more institutional-like setting. This means that a home-based childcare business is actually cool. You get paid enjoying the company of kids.

16. MUSIC LESSONS

Experience and training may be needed

If you are good at playing musical instrument(s), nothing stops you from getting paid extending that knowledge to someone else. You can decide to take individuals or classes depending on space, time, and the availability of the musical instruments.

17. COMPUTER TRAINING

Experience, training or licensing may be needed

Has expansion possibilities

We are in a digital age and computer skills are now very necessary to function in today’s world. If you are good enough working on computers, you can make a living teaching seniors and other people who don’t have a Personal Computer how to use the internet and e-mail to keep in touch with their friends and loved ones. As an advice, don’t go on yapping about jargons like bits, routers, bus, megapixel, etc. Keep it simple and basic.

18. FREELANCE GRAPHIC DESIGNER

Experience and training may be needed

You know how to use Corel Draw, Photoshop, or other photo editing and design software? You are in business! Websites and online ads need your skills. Same for print media in the form of banners, fliers, magazines, newsletters, etc. What you need to do is offer your works for potential clients and continue to expand that network. Upload your works on social media. Let people find you.

19. PHOTOGRAPHER

Experience and training may be needed

Stop taking selfies and start taking people! You can explore many niches as far as photography is concerned. Most people specialize in weddings but there are many other areas you can look at: portraits of people and their families, and homes; photograph of holiday events, birthday parties, Christmas cards or even photojournalism. The list cannot be exhausted.

Source::Insidify.com

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Published by: GraduatePro

GraduatePro was established with the sole aim of bridging the gap between graduates and today’s workplace. Using the power of audio-visuals, young people’s attraction to the creative industries and the current pervasiveness of Internet and mobile technology, Graduatepro will reverse the scourge of unemployment in Africa, one graduate at a time.

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