If you think about it, there is an interesting fact from office workers that they may have a small salary, but in fact many of them have a lot of free time. Unfortunately, most of them do not use their free time optimally and turn it into money.
Actually, from this free time there are many opportunities to run a side business that can be used as additional income or maybe it can be a long-term financial plan. However, not a few people use their working time as an excuse for not being able to run the best business with such a small capital.
Even though from the working hours that must be fulfilled in one day, actually we can still set aside a little to take care of a side business, we are not prohibited from doing side business activities by the company.
Why Should You Open a Side Business?
Interesting side business to do. In general, there should be no terms of failure in this business because it is only a side business or additional income.
The following are the main reasons why you should try a side business. Some knowledge that also needs to be known so that more and more people undergo this side business.
- Starting with a Good Idea and Unique Ability
Most large companies that are very well known in the world today started as a side business which was the fruit of a good idea, as well as the ability and skills to carry out the idea. The level of competition is lower and the chances of success are greater if your idea is unique and rarely anyone else has it. You just design a strategy to execute the idea into a reality.
- Market Opportunities Still Wide Open
Never be confused to open a side business. If you are a creative person, then everything can be used as business material for a side business. Make sure that the business to be opened, whether it's goods or services, is indeed willing to buy.
So that the business can be right according to the plan, also consider the amount of competition you will face later. Do a small survey of public opinion, or you can start from the people closest to you, on your product idea.
- Need Additional Money
The facts found in office employees as described above, namely mediocre salaries but have a lot of free time, make side businesses a new trend that continues to grow. Having a side business can add to the coffers of sustenance to help make ends meet. In addition to meeting the necessities of life, this additional money can also be used for future savings for you and your family.
- Retirement Preparation
For private workers, it is necessary to consider having a retirement plan. By having a side business, the plan will be easier to fulfill because it will really help you when you reach old age. You can make this side business as a lifeline or just fill in old age activities. The reason is, post-retirement daily activities are needed to maintain your mental health.
When your career is stuck and you have a deadlock in carrying out work in the office, or you feel that your current job at the office is not in accordance with your passion, then a side business can teach you many things that you will not get by being an office employee.
This process is called self-actualization, but keep in mind that sometimes these lessons come from failure. However, don't be afraid to fail because failure is actually the beginning of success.
See other articles: online business with small capital.
Why Do Many Side Businesses Fail?
Even if it's just a side business, it's still a business. Even a small-scale business has almost the same risk of failure as a business that has been run for years.
What caused the side business on a small scale to fail? To answer this question, we have prepared several points that mention the things that often go wrong in running a side business.
- Wrong Priority Determination
A side business does have an understanding of not being a priority or main job. But if entrepreneurs are still keeping their full-time jobs while developing a small business on the side, then it's best to be careful. Many failures occur in this side business due to the ambition to be successful quickly, so the portion in doing side business can be as big or maybe bigger than the main job.
They sometimes force themselves to take a lot of orders in their side business, and forget that they are still an employee. This results in a loss of focus and becomes not optimal in the process or is stuck, resulting in many complaints from customers. It would be nice if the business owner was not too fixated on developing a side business, or in other words, adjust the level of the business to your current abilities.
- Mis Determined Needs
When starting a side business, unknowingly business owners are often lulled into things that are not so important. They are often wrong in determining their needs as if they already have a big business. For example, creating a business logo, making business cards, buying expensive software for bookkeeping, and so on.
Indeed, all of these things are important for a business, but relatively new small businesses don't need such things. It would be nice if the newly opened side business should focus on promotion, supply of raw materials or materials, licensing and so on plus creating a solid business concept.
- Wrong Mindset
Many business failures are caused by the wrong mindset or mindset. An example of the wrong mindset is the assumption that "whatever is sold there will be a buyer." This incorrect mindset can also take the form of underestimating the aspects of marketing and good product development so that it tends to be reckless in terms of spending money on aspects of the business that are less important at the beginning of a career and result in the newly opened business failing.
- Immature Business Planning
No matter how small a business is run, it still requires a plan. A business plan can include a simple plan without the need for details such as making a plan of short-term and long-term goals, such as your business vision and mission, a list of potential networking contacts and the like.
This is important to do to help business owners when they want to develop their business. Good planning at the beginning will make it easier for the entrepreneur to develop his business later because he doesn't have to rearrange a business plan that is already far away so that it wastes time, money, and energy.
- Cannot Build Network
The power of business lies in the network. No matter how big the business you have, it is obligatory to continue to add and build an existing network. Networks can be customers, friends, relatives, and so on. The way to form and build a network is to have a lot of business relationships. Frequently attend events or meetings to add new acquaintances who can become a new network for your business.
Many business people may be hesitant, embarrassed, or lazy to open a networking route on the grounds that their business has just developed without it. This is of course wrong. Sooner or later, if business owners are lazy to build a network, their business will be unable to compete with other businesses.
See other articles: working capital loans for new business.
best business with small capital
A side business is indeed the best business that includes a small capital scale. But from this small scale, which was just a fad or just for additional income, if carried out seriously, it can turn into a world-scale business. Who would have thought that a business that started with this simple idea could bring in a lot of money.
If you are still constrained by confusion about which business to choose, here we have summarized the 21 best business with small capital that you should try.
1. Laundry Kiloan
In today's practical era, many people still think pragmatically. "Instead of running out of time to wash clothes, it's better to do laundry." Therefore, the idea of opening a kilogram laundry business became very popular.
Business players in this field have also begun to mushroom, especially in areas close to campuses and offices. The number of players who jump in makes the competition tougher so the price also competes.
Is it that easy to open a kilogram laundry service business? Actually yes, but to be successful in this business, you have to be smart to find a gap to get started. The most important thing you need to consider is market share. A place where there are many students and private employees or civil servants is the most appropriate location to open this business.
2. Wash Motorcycles or Cars
This business seems never lonely. People are willing to queue up for hours to get their turn. The price, quality and energy spent on washing motorbikes and cars makes many vehicle owners prefer professional washing services over washing themselves.
The capital issued is also relatively affordable to open this business. For beginners, you should start with a motorcycle wash business first. The equipment requirements that must be owned are also quite simple. You only need to provide a water pump, compressor, rags, motorcycle soap, and motorcycle tire polishing equipment.
3. Graphic Design
This side business is suitable for employees who work in graphic design companies. On the sidelines of the main job, you can offer services to partners you know or through several marketplaces. The most sought-after design services are business cards, logos, clothes, mascots, posters, booths and interiors.
Some of these marketplaces providing graphic design trading services are sribu.com and projects.co.id, 99designs.com, elance.com, and upwork.com (formerly odesk.com). This business does not require significant capital, only an internet connection and skills that you must always improve to maintain the quality of your services. Creative and timely products are the key to the success of this business.
4. Private Lessons
Private teaching services for school subjects are so far offered by students who want to increase their savings or for tuition fees. In addition to school lessons, foreign languages or music are also fields that are sought after by teachers.
Initially you can start from house to house visiting students. But later if you are already known and have many students, you can also open your own tutoring center at home so that it is not you who travel but the students who will come to your house.
See other articles: how to start your own online clothing store in 11 easy steps.
5. Sewing Clothes
For those of you who have skills in sewing clothes, you can use it to become a side business idea. The side business that provides sewing services at first sounds less attractive. Keep in mind again that the concept of a side business is to make your free time more useful and make money. So, there is no need to rush to open your own sewing kiosk.
Do you speak a foreign language? Take advantage of these skills by offering translation services. Indeed, translators are divided into two groups, namely professional translators and novice translators. But all professionals start from beginners too, right? Professional translators usually work under oath and are relatively expensive. For beginners, you should just start by translating documents such as articles, theses, papers, and so on.
7. Typing Services
This business is generally the best in the area around campus. Many students need typing services for writing college assignments or thesis. This idea is suitable as a side business because just by typing, you can make money.
The rates usually used for this service are usually on a per page or per word basis. And certainly, this business does not require a large cost as the authorized capital. You only need a few devices that must be prepared, namely a computer or laptop, printer, HVS paper, scanner, and so on.
An asset that is always rising in price is property. Many people who have more funds, invest their money in this field. When these investors want to sell the properties they own, they also need the services of a property broker who can sell them at prices that match their expectations.
This condition opens the opportunity for you to join as a realtor. Try observing the environment around the house, is there a new house and apartment construction project? If so, just offer yourself to be a broker. Don't forget to ask about the commission and bonus system.
No need for capital costs for this business. Only building trust is all it takes. Never be bored to continue to increase your knowledge about the world of property so that your network and knowledge is growing every day to support this business.
9. Insurance Agent
Insurance agents generally are often used as a side profession. This is because this business is not binding, does not require capital, but provides sustainable income as long as the customer is registered in an insurance program. Of course this is very interesting, plus a very proportional income. That is, if you want to have a high income, you also have to work hard and be able to sell insurance products in large quantities as well.
For those who want to have a career here, there are stages of further self-development. Not infrequently a successful side business can continue to a better career, insurance agents are also like that. Insurance agents who excel usually get the opportunity to grow by being given various kinds of training and comparative study opportunities to various places around the world.
See other articles: best virtual phone service for small business.
10. Umrah and Hajj Marketing Agent
Umrah business is very promising. You can also take part in taking the opportunity to run this Umrah business. Besides getting rewards, you also get benefits in the form of commissions from the owner of the umrah bureau. You don't need capital to run a business as a marketing agent for this umrah and hajj. What needs to be done is to be diligent in offering Umrah packages from partner bureaus, either through recitation groups, social gatherings, or door to door.
11. Deposit Service
The business of buying and selling services is on the rise lately, following rapid technological advances. This is because the business is based online. Broadly speaking, you only need to buy goods ordered by customers which will then be sent back to them with additional shipping costs. The capital required is relatively small with a large turnover of up to millions of rupiah.
This business, also known as a personal shopper or personal shopper, is often found on popular social media such as Instagram, Facebook, and Twitter. But not infrequently also found in chat-based applications such as Line, Whatsapp and others. Therefore, the marketing system is also carried out through social media by uploading photos of products that will be marketed to social media to attract the attention of potential buyers.
11. Sell Electric Credit
Selling electric pulses is actually the most appropriate thing to do by an employee as a side business. The reason is, office friends, boarding friends, and so on are the right and lucrative markets.
How to become an electric pulse agent? Each electric pulse provider has different provisions. But in general you just need to register and make a deposit. Then, your balance can be used for all product transactions. To register, you can use the registration form or send an SMS with the specified format.
12. Buying and Selling Used Motorcycles
Another interesting side business is buying and selling used motorcycles. Dealers in city-class districts alone are currently able to release at least 50-100 units of new vehicles per week. You can imagine how fast business growth in this field. You can take part in making your fortune in this business by buying and selling used motorcycles. The market term is broker. If you have started to understand the cycles and market competition, there is nothing wrong with starting to open a motorcycle display at home.
If you start this business as a broker, then technically you don't need capital. Your job is just to build trust. The first step, you can help sell other people's motorbikes and earn commissions.
13. Selling Cheap Clothes
If you want to run a side business that can be managed simply, you should sell products that are durable or cannot expire. One example is clothing. What's more, clothes are one of the basic necessities. The capital used is actually quite small, depending on the stock you want to take.
14. Selling Products Based on Hobbies
Many successful businesses started as a hobby. An example is the hobby of fishing. This hobby includes rational, or in other words not worth it. The reason is, the price of fishing rods and equipment can reach millions. What you get is satisfaction. You can actually process it into an advantage from the knowledge about the fishing hobby that you have.
For those of you who are employees with an afternoon or evening schedule, selling food for breakfast is an interesting idea. Currently, many employees are struggling to provide their own breakfast, especially those who still live alone.
For this business does not require a specific room. You can use your front yard to sell these foods. The menu is simple and doesn't take long to prepare. Chicken porridge, uduk rice, yellow rice, and fried foods, plus coffee as a complement are simple menus that have high selling points.
See other articles: marketing ideas for accounting firms.
16. Opening a Coffee Shop at Night
A coffee shop is an embodiment of the simplest idea of a cafe. Why at night? If your budget and energy are limited, then it's best to only open at night, considering that most people have working hours from morning to evening.
That way, the night is the right time because you can monitor the side business. In addition, the right time for 'coffee' is usually at night. This business is very suitable if the business location is located around a campus or industrial area.
17. Selling Various Cakes
For those of you who like or have a hobby of cooking cakes, then the following ideas are the perfect ideas. The reason is, you can make money from the activities you enjoy. After a long day at work, then in the afternoon after coming home from work, you can share your hobby of making cakes, which can be sold the next day at the office or to neighbors around where you live. It would be nice if every afternoon you could do a hobby and get an income too.
The cakes sold can be in the form of wet cakes such as steamed brownies, bika Ambon, rolls, banana cake, chocolate cake, lapis legit, klepon, apem, onde-onde, and cucur cakes. There are also many pastries, such as walnut cream cheese, mint chocolate sandwich, pineapple nastar, snow white, lemon cookies, and chocolate peanut butter cookies.
18. Create a Blog
Being a blogger is a fun combination of hobbies and work. The key to the success of a website is traffic or a large number of visitors. Indeed, to bring visitors in large numbers is not an easy job.
Many people think instantaneously by buying traffic to traffic service providers. That is very wrong. Visitors who come from this service are not humans, but fake traffic that does not provide any benefits for website owners.
To start this blog business, choose a theme that matches your passion or the things you really like, such as electronics, food, music, and so on. Then fill your blog with that content which can be articles, reviews, comments, or whatever. If your blog content is of high quality, then slowly but surely many readers will visit. Blog traffic will go up by itself, backlinks from other websites are also easy to get.
19. Opening an Online Store
In today's internet era, people are starting to become accustomed to online transactions. The opportunity to open an online store is even more interesting to try. Some of the most widely traded products in online stores are clothing, herbal medicines, local handicrafts, bags, t-shirts, or other digital goods, such as ebooks, software, music, and so on. Plus, this online shop business can be done by selling your own goods or other people who want to sell them to us.
20. Online MLM Business
MLM or Multi Level Marketing is the latest marketing method that is expected to save marketing costs. Many businesses are run with the MLM model, and along with the development of technology, this MLM model can be run online.
Because it is run online, this business does not take time and energy for activities such as meetings, follow-up of prospective members, and purchasing goods, because all these processes can be done online. However, be careful of fake MLM. Not all MLM businesses have a good system.
21. Selling Photos on the Internet
Digital technology that exists today really supports someone who wants to open a side business. If you have a hobby of photography, then you can make money from taking photos that you take yourself. The trick is to sell the photo online. Surely there will be people who are willing to pay for the photos you produce if the photos are good and have character.
Several digital photo buying and selling sites that serve this transaction are istockphoto.com (155% commission per photo) and shutterstock.com (20-30% commission per photo). In addition, fotolia.com and stockfresh.com sites can also be used to peddle your photos. For global-scale transactions usually use PayPal as the transaction mode. So don't forget to have a credit card first before creating this account.
That's the best business with small capital, hopefully it will be useful.