Business,  Finances

4 Businesses You Can Start with Zero Investment

If you are fed up with working for someone else and have always wanted to start your own business, you’re probably like many others who want to start a business and are concerned about the initial investment. You’ve probably heard the saying “you have to spend money to make money,” but the truth is, you don’t. There are actually many businesses that you can start with zero investment or only a few dollars. Keep in mind that even though it’s possible to start a business with zero investment, you will still need to come up with a solid business idea, build your brand, market the business, and most importantly, work hard to build the business to the level you have dreamed about. To help you get started, here are four ideas for businesses that you can start with zero investment.

Halfway House

A halfway house, also referred to as a sober living home, is a transitional living facility (house) for recovery from alcohol or drugs. Many people go to a halfway house after completing their treatment at a long-term center or being released from incarceration. In some cases, a court may order the person to go to a halfway house as a part of the court sentencing. A halfway house is the ideal solution for those who have already gone through detox and completed their inpatient/outpatient treatment program. It is a valuable resource that helps to prepare them for living sober while in the real world. Halfway houses receive funding in a variety of ways, including tenant rent and federal grants. One of the most common concerns among those considering starting a sober living home is the cost of the house and property. With a little research, you’ll find that the good news is there are ways to open a halfway house without any out-of-pocket money from you.

If you are interested in starting a halfway house, contact Open Up a Halfway House with Keith Humes. Our consulting services can help you get started with information about obtaining property, rules and regulations regarding halfway houses, and much more.

Pet Services

If you love animals, you can actually turn your love of animals into a profitable business. There are many options to choose from when it comes to pet services. You can limit your services to one or two specialties or offer several different services. All that’s really required to start a pet service business is patience and a willingness to understand that the pets you’ll be caring for are like children to their owners. Some of the pet services you can choose to offer may include:

  • Dog walking
  • Daycare/pet sitting
  • Providing transportation for pet appointments, such as grooming or vet appointments
  • Pet grooming

Handcrafted Items

If you are a crafter that enjoys making items by hand, you can turn your “hobby” into a lucrative business. Handcrafted items are currently in demand, so if you have had people tell you how nice your work is, maybe it’s time to make money from doing something you enjoy. Unless you plan only to sell custom-made items, the main requirement for success when selling handcrafted items is to have a fairly large inventory. You will also need to decide if you want to specialize in a specific item or offer a few different items. For instance, as a knitter, you may opt to make and sell only wearable items, or you can expand your inventory to include wearables, kitchen necessities, such as dishcloths and stuffed animals. You can choose to sell your handcrafted items online through outlets, such as eBay or Etsy, on social media sites, or through word of mouth. Some of the ways to make handcrafted items may include:

  • Sewing
  • Knitting
  • Crocheting
  • Painting
  • Pottery

Virtual Assistant

Do you have experience as a secretary, receptionist, or filing? If so, starting a virtual assistant business may be the ideal option for you. Basically, a virtual assistant is someone that offers their services online. Some of the most common services offered may include bookkeeping, scheduling, researching, social media management, and various other “office” related services. Keep in mind that the work may vary from one client to the next unless you specify one specific type of service, such as a tax accountant. The only investments you’ll need are things you most likely already have, including a computer, a phone, and access to the internet.

2 Comments

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