Everyone has a story of how they started their first business, and I am not an exception. My story is an inspiring one because my business started to succeed after my first attempt, which was full of challenges. This was my first time trying to start a business in a new environment. To begin with, I had no business and management skills. All I had then was the guidance of my mentor, who was also one of my first clients (Ivor). I took his advice seriously, and I continued to try until I finally built the business into what it is today. What am I trying to say? Every successful business out there has failed at a point along the way.
When a business cannot continue to generate revenue from its product or service, such a business is likely to fail. Even a profitable business fails when the expenses are more than the profit generated. There are so many reasons why some businesses go out of the market. However, in today’s post, we will be looking at a list of businesses that won’t go out of the market. Ensure you read it till the end; it will give you the ideas of business to venture into. If you are a businessman or aspiring to become an entrepreneur, this is for you. Before we begin, please note that all business comes with a level of risk. But some businesses have low risk. That is what we will be discussing.
A cleaning business is an excellent choice because most people find home cleaning stressful and exhausting. When I arrived in London, this was the business I started with (and I am still in the business presently); I can go on and on to say a lot about it. However, I want you to know that there will always be a demand for cleaning services; this will keep you in business. If you want to learn more about cleaning services and how to get started, you can visit my website fastklean.co.uk.
There are several legitimate network marketing programs that you can sign-up for and earn from. When people hear of network marketing, they always think it is an illegal pyramid scheme, but it is not if you are working with a legitimate company. Let’s take Enagic, a Japan-based company, for example; the company produces numerous water machines that are safe for use in our various homes.
If you are passionate about the wellness of others and earning money, you can consider looking into this multi-level marketing company. The company ensures people drink only healthier water by providing water ioniser with different pH. If this looks like something that interests you, you can click this link to learn more and also sign-up to get started.
In addition to this, you can also sign up and tell people about cash Fx, enabling you to be entitled to a commission (Affiliate marketing). All thanks to social media and improvements in the use of technology, there are many opportunities out there to make money.
With freelancing, what you need to get started is your skill, a good internet connection and a laptop. The good news is that you don’t have to leave your room to get a client. What you should focus on is finding a good niche and getting started. If you are a creative writer, look for a good freelancing site like Fiverr and Upwork. Most importantly, it would help if you focused on making perfect delivery of work; this will give you a good review from clients.
In real estate, there are many sub-divisions that you can key into, and you won’t regret it. To perform excellently, you need to discover what you truly want. You can be the building owner where people shop or eat and perform other activities. Such businesses cannot go out of the market because people love physical shopping. I can say here that since 2007 I have been involved with properties too, and I really enjoy it. It is not easy but is a good passive income if you have a good maintenance team and look after your tenants.
Waste collection business
If you are passionate about promoting a green environment, you can consider starting a waste disposal business. To begin this business, first, you need to think of where your target customers can be. There are different types of waste collection services that you can render to domestic and commercial buildings. For instance, you can think of offering your service to those involved with the use of pesticides or agrochemicals generally. Similarly, you can also consider offering your services in offices by collecting plastics and other used items ready for disposal or recycling.
Food is one of the most basic needs of everyone; it is a necessity that cannot be overlooked. People can never stop eating because we need the energy and nutrients from food. This makes the food industry one of the hottest niches to venture into. You can consider going into agriculture, food processing or food deliveries. There are several sub-groups to venture into in the food industry that will not fail. This industry is filled with many opportunities for people who like to gain new knowledge and learn new skills. If you are a food engineer, it makes everything easy, and you can begin to think logically about what people need or how you can make the solution to their needs more affordable.
The world is fast becoming digitalised, and everyone is in the online space. It would be best to consider going into sectors like data science, machine language or cloud computing. Everything we do these days needs technology to make life easier and more comfortable. Business owners are looking for more ways to make their services more technology inclined. The Tech industry is something you should consider.
We care about our health because we are fully aware that there is nothing that we can achieve without good health. This industry is demanding, and it is an excellent industry for you to consider starting a business in. Health is not gender-based. People, no matter where they come from, are ready to purchase health products that will make them healthier. Most people complain about this crowded niche, but this is not an excuse. For instance, think of those having arthritis or suffering from obesity. They all want a solution to their problem. Identify a particular sub-niche in this hot industry and start your journey.
Today, young entrepreneurs hardly devote their time researching a business before starting. If you are reading this and thinking of starting a business, consider the points above and make an excellent choice to reduce your level of risk. When you are set to start your business, don’t gamble with your money, and go through the right path.
If you enjoy this piece, please like, share and comment. Kindly signup to our newsletter for more updates. You can check out also our previous article on “4 strategy to value investment; Monsnish Pabrai“If you are to start a business today, which business will you start and why? Let’s hear your response in the section below.
Recommended books for further reading:
- The Business Book: Big Ideas Simply Explained
- The Lean Startup: How Constant Innovation Creates Radically Successful Businesses
- Business Adventures: Twelve Classic Tales from the World of Wall Street
- Big Ideas… For Small Businesses: Simple, Practical Tools and Tactics to Help Your Small Business Grow
- The Simple Path to Wealth: Your road map to financial independence and a rich