Using low cost business ideas in this economy is a great ideas because it often means that you can start your company while still at you current job. Then expand when business is booming.
The thing to remember is that if you are going to start any business it is going to be a massive amount of work and you will also need access to some start up capital.
The first thing you need to do is make a list of all the low cost business ideas with a high profit margin you can think of.
So let’s lot at the example of starting a cleaning business.
This is a good ideas because you can use the cleaning products you have in your home already to get started.
The first thing you will need to do is print up some nice looking flyers on your computer to save a bit of money. But you should make sure they look nice because they will be the first impression of you’re business that potential clients have.
You can then just use you own car and mobile phone to run the business. Make sure you keep track of everything on you home computer with Microsoft excel.
You should also put your phone number on the side of the car and maybe print up some T-shirts to help brand yourself.
You then need to get out there and start knocking on doors. Be ready to help and people will remember you and use your company.
When you have the cleaning business rocking you can take a step back and hire people to do the actual cleaning while you continue to develop the business.
The main thing to remember is that you should work on the business not in it.
This is one of the best low cost business ideas I know because you can take the same model and use it over and over again in any market.
Start the business yourself with local marketing then scale it up.