With economic crisis rampant these days, you need to be practical in getting more income. Mere employment may assure you of regular salary every 15 or 30 days, but admit it, regular employee salary is not that enough for you and your whole household.
It is true that business can offer you financial freedom. This is the reason why many are turning to entrepreneurship—and most of them become successful in time. However, not everyone who ventures into business world makes it to the top. Some end up in loans and bankruptcy. It could be that they jump into it without testing the water first, or business is just to slow due to the economy situation. Whatever the reason for business failure is, it becomes a fear to many who want to try this industry, but are afraid to take risk.
Well, how can you check the possibilities if you would not even try? If you want to start your own business, but you are afraid to fail, why not try it with low risk first? In starting a business, you do not have to shed out a big amount right away. To avoid much risk, just begin with low capital and use your creativity to make it grow. Here are some unique business ideas that you can try even with low capital.
- Online thrift shop
With people doing their best to save without depriving themselves, they will look for affordable ways to get their needs and wants. This is the reason why many still go to thrift shops. These are stores which sell pre-owned items like clothes, shoes, and other goodies. Ukay-ukay is the best example of a thrift shop. However, many hate the hassle of going to these shops because they have to dig into a mountain of clothes or others are embarrassed to be seen by someone they know. Therefore, an online thrift shop would be a better business. Customers will not need to spend a lot of time sorting out good clothes and other articles, and no one would find out that they buy their stuff from an ukay.
- Homemade goodies
Filipinos love to eat—no doubt. For this reason, food is still a top business choice. You just need to be creative. If you love to bake cookies or cakes, then you can capitalize on your skills. Why not make brownies or cakes? You can also sell homemade pizzas or burgers. You do not have to spend much on these. You can find recipes and ingredients online that can help you save. You can sell these to your colleagues at work or classmates. However, if you are shy to go around, you can just hire someone to do it for you, or set-up a stall outside your house.
- Mini-tutorial company
If you are a student and you have classmates who need money too, then why not create a group name and offer tutorial services? This is also a good idea if you and your friends are fresh graduates and are jobless yet. Many parents do not have time to help their kids review or do their homeworks due to busyness. This is why they look for tutors. You are probably familiar with Brainbox and Kumon. These are popular after-school tutorial companies which also hire tutors. Well, you and your friends can have your own tutorial ‘company’. You do not need to spend much on these, since all you need is your brain. Who knows? Maybe someday your business would extend and this becomes an official company.
- Pet-sitting services
This is common in other countries, but not here in the Philippines yet. There are a lot of pet lovers in town, but because of their busyness, sometimes they lack time to take care of their pets. Why not offer to take care of them while they are at work or have gone somewhere for some errands? You can start this business by approaching your friends, relatives, and neighbors. Sooner, other pet lovers would hear about you or you would get recommended. You can also post your service on Facebook and other social media.
- Autobiography writing
Are you a writer? Or do you want to be a novelist? Why not offer to write someone’s lifestory? For sure, many will be enthralled by this idea. If you have connections, you can tap politicians, business people, and other personalities who might be interested in having their life immortalized. All you need is to be patient in gathering information about your client and, of course, in finishing the output. This is best if you have contacts in a publishing company. Who knows? This can be your stepping stone to becoming recognized as a bestselling author.
You do not have to invest millions to be a businessperson. You can just start with effort, perseverance, creativity, and a small amount of capital. Just know what you are good at, so that you can work on your business with all your heart. This is the secret of making your business successful.