A PROFITABLE BUSINESS FOR EVERYONE
In the conditions of an unstable economy and rising costs, many are thinking about starting their own business. The good news is that a profitable business is available to everyone, regardless of age, experience or start-up capital. Let’s look at several promising areas that can be implemented with minimal investment.
1. Dropshipping
Business essence: selling goods without having to keep a warehouse. You work as an intermediary between the buyer and the supplier.
Costs:
Creating an online store: $30-50 per month (for example, on Shopify).
Advertising (Facebook, Instagram): $200-500 to start.
Income:
Average markup: 20-50%.
Example: selling household goods for $50. With a 20% markup, you get $10 from each sale.
20 sales per day: 20 x $10 = $200/day or $6,000/month.
Tip: Start with popular products (accessories, household goods, gadgets) and test different marketing strategies.
How to increase profits:
Sell sets of products with an increased markup.
Use email marketing for repeat sales.
Create a brand and unique packaging to increase trust.
2. Online courses and consultations
The essence of the business: selling knowledge and experience through courses, webinars, personal consultations.
Expenses:
Course creation: $0 (if you record it yourself) to $500 (if you involve experts).
Placement platform: $30-100 per month (Thinkific, Teachable).
Advertising: $200-300 to start.
Income:
Average course price: $100-300.
Selling 10 courses per month at $150 = $1,500/month.
Personal consultation: $50-200/hour.
Tip: Start with free content to attract an audience and monetize through paid courses.
How to increase profits:
Launch a subscription with access to several courses.
Do master classes and live sessions to increase value.
Create VIP packages with individual consultations.
3. Freelance services
The essence of the business: performing tasks remotely (design, copywriting, programming, marketing).
Expenses:
Minimal: only your time and skills.
Platform for finding orders: $0 (Upwork, Fiverr).
Income:
Copywriter: $50-100 per article (2 articles per day = $3,000/month).
Designer: $300 per logo (10 logos per month = $3,000).
Tip: Create a portfolio and actively respond to orders.
How to increase profits:
Specialize in high-paying niches (financial texts, UX design).
Offer packaged services (e.g. website creation + SEO).
Hire assistants and delegate some of the work.
4. Selling digital products
Business idea: creating and selling digital products (templates, ebooks, photos).
Costs:
Product creation: $0 (if you make it yourself).
Sales platform: $30-50 (Gumroad, Etsy).
Income:
Ebook: $20/item.
100 sales per month = $2,000.
Templates: $30/item. (50 sales = $1,500).
Tip: Find topics that are in demand and create a quality product.
How to increase profits:
Start an affiliate program to attract new customers.
Create several products and sell sets.
Use advertising and SEO to increase traffic to your store.
5. Renting and reselling
Business idea: renting equipment, clothing, or real estate.
Costs:
Purchase of equipment: $500-2,000.
Income:
Rental of photographic equipment: $50-100/day.
20 days of rent = $1,000-2,000/month.
Rent a room on Airbnb: $30-100/day (income up to $3,000/month).
Tip: Start by renting things that are in demand in your area.
How to increase profits:
Offer additional services (delivery, equipment setup).
Expand the range of things you rent.
Use several platforms for renting (Airbnb, Booking).
6. Reselling goods with a markup (Reselling)
The essence of the business: buying goods at a reduced price and selling with a markup.
Costs:
Purchase of goods: $300-1,000.
Sales platform: $0-50 (Avito, eBay).
Income:
Purchase of branded sneakers for $100, sale for $200.
10 pairs per month: $1,000 net profit.
Tip: Look for discounts, limited items, and popular brands
Each of the described areas can become a source of stable income. The key to success is choosing a niche, constant learning and adaptation to changing market conditions. Start small, reinvest profits and gradually expand your business.