It’s no longer a taboo for people to ditch their daily 9 to 5 grind and start their own money making business. In fact, it’s beyond easy starting a business for almost nothing these days. But, what businesses are guaranteed to make a million dollars?
Here’s 50 cheap, or even free, business ideas that will accomplish that goal.
1. Pet Care
Americans spent a gigantic $62.75 billion on their pets in 2016. The spending is expected to increase to $96 billion by 2020.
You can start services such as dog walking, grooming, training or sitting or even sell pet care products such as food and treats.
2. Bicycle Repair/Sales/Storage
In 2015 the bicycle industry pulled in over $6 billion. The market is huge. You can sell them, repair them or even store them for people.
3. Chatbot Making
According to Chatbot expert Murray Newlands, every company needs to embrace messaging with AI and chatbots. Chatbots are little AI programs that are integrated into messaging platforms such as Facebook Messenger that answer questions using predetermined responses. You can quite easily make your own chatbots using tools such as ChattyPeople without having any coding knowledge.
4. Door to Door Delivery
More and more companies are allowing customers to purchase online, like your local takeaway. But not all of them deliver. You can offer a delivery service or start your own business delivering food items like Door to Door Organics who deliver organic vegetables to homes.
5. Infoproducts/Educational Programs
Selling “how to” information is a great business idea. Pick a niche, create a product, such as a useful ebook or an ecourse, put the word out, on social media or buy ads. No need to hold stock or worry about shipping.
7. Tour Guide Service
This probably won’t work if you reside in an area that doesn’t have many tourists. But if you’re surrounded by tourists and know your ways around, starting your own tour guide business can be profitable.
8. Editorial Service
Very easy to start. You can offer everything from copywriting, ghostwriting, proofreading and editing to businesses.
Drones are sizzling hot right now. Drone sales hit the $200 million mark in 2016.You can sell them, repair them, customise them, provide training or photography.
10. Flipping Websites
You can buy starter website from Flippa and build it up and sell it for profit. Some people are making $15,000 to $20,000 a month part time doing this.