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3 businesses that help people and have high profit margins that anyone can start
Everyone is always looking for the next big thing when it comes to making money. Have you ever thought of the businesses that are already around and making a killing? The next step would be to figure out which ones you can start up without a degree and ones that can bring in clients relatively quick. Of course, the 3 businesses I'll be covering will need to be worked on since they are not going to be an overnight success story, but that's obvious with every business.
There are businesses like these all over the place, they basically just help someone with a certain thing that they don't want to do themselves, and that's where you profit You come in like a shining knight and save the day for the person or business in need!
So let's get started on these 3 businesses I'm referring to, shall we
You don't need a college degree to be a wedding planner, you just need to grind and get your first few clients in order to get those most needed positive reviews. Just remember, people will look up reviews before they contact you to do a job for them, and that goes for wedding planning just like any other business.
The beauty of this is that the bride and groom are going to be overwhelmed with everything that is going on, and that is where you come in. You know what you're doing, you're not nervous because it isn't your big day and you can get everything set up for the couple while they just say yes or no to features, configurations, flower arrangements, venues, etc.
You can work on just 1 wedding or 10 at the same time, it's up to you. Of course with the more clients you have, the more work you'll be doing, but it's worth it in the end since you're basically getting paid for your time
The startup costs for this type of business is fairly low. Your website will cost you less than $200 and that's for your hosting, domain and design. You will need business cards and flyers in order to send them out to potential clients in order to sell them on your services, but those aren't too expensive when you go through a mass printing company like vistaprint.com
The profits from this type of business can be as much as you want. It really depends on your reputation in the industry and how many people are clamoring to get you as their wedding planner. Sometimes you can charge as low as $3,000 for one wedding, but if you're well known, you can charge over $50,000 to be the wedding planner and coordinator so that the clients don't have to do anything except show up on the day of the wedding lol.
Some of the most profitable business ideas are also the ones that are extremely simple. I'm sure you've seen plenty of interior painters around your home, but did you know that almost all of them are privately owned and started up with a very small investment?
Some of these interior painters can mark up their services by 6,000% which is insane if you think about it lol. They can do this because a lot of people don't want to paint their homes or offices and will outsource the work to a credible company. The client sometimes thinks they can do it but they're worried that they might screw everything up, so they hire a company who has been doing the work successfully.
You will need to have a few personal traits prior to getting into this business, and they are:
Not only will you need those personal traits, you will need some physical items as well:
- Attention to detail
- You can't be afraid of ladders and heights
- A lot of patience
- A truck or van to transport items
- Paint Supplies
- Practice Homes (free painting for friends and family)
You can always just practice on your own home, but why not do some free work for friends and get a bunch of positive reviews flowing before you start working on clients homes
Social Media Manager
There's definitely a stereotype out there right now that people who just graduated who know how use "the Twitter" are going to be managing your social media pages if you hire someone or a company to do it. That isn't true anymore because social media management has become so wide spread that there are large marketing companies devoting a lot of time to perfecting their work, and so can you
Becoming a social media manager isn't as easy as the two previous jobs I talked about because you need to be slightly tech savvy and also have an idea of how the search engines work. It takes some research and testing before you can be well versed and knowledgeable on what to do and what to avoid, but it's not impossible
You can take some free online classes that will help guide you on the start up of social media marketing, which is always good. You never want to take on clients and not know what you're doing because that will just result in negative reviews and lost clients. You can build up your own social media profiles in order to use them as examples for your potential clients because they will want to see some previous work before they sign up.
If you're pushing a social media management website and you only have 100 followers on your Facebook page, you won't be happy with your results when talking to clients. Every person wants to see a successful social media page if they're hiring you for social media management. They want to know they're in good hands by hiring you, and having a very little amount of followers of your own is never a good example of what you can do. Even if the followers are fake, get them on your profile before you start contacting potential clients
You can always make money without having to work for someone, you just need to think outside of the box a little bit and have that entrepreneur drive within you
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