Low Overhead Businesses Ideas
Running a business does not have to be complicated or cost a lot of money. There are a variety of business models that will cost little to no money or very little overhead.
One of the most popular trends for business owners looking to minimize their overhead expenses. This article will take a look at the most profitable and low overhead business ideas and business models.
These are the types of people that have a low overhead business;
##Handyman Work
A lot of people want do-it-yourself projects but do not have the skills or time to do so. This is where a handyman comes into play.
Handypersons are great for those who are trying to save money in all areas of their life. These people have low overheads because they can set their own schedule and charge what they want for their services.
Another benefit to being a handyman is that it allows you to work whenever you want, which gives you the ability to make your own hours and spend more time with your family.
The downside of this business model is that the demand for handymen fluctuates based on weather. People cannot repair their homes during winter, so there is less demand for your services during those months.
##Graphic Designing
Many people want to be graphic designers but do not have the skills or the money to do so. That is where graphic design comes into play. Graphic design has very low overheads because you need no special equipment. There are a lot of different ways that you can get involved in this industry.
One way that many people who want to get into the graphic design are able to find work is by using outsourcing websites like Elance and Freelancer.
These websites allow you to create a profile, set your prices, and have clients contact you. That is the best way for some designers to find work because it allows them to find jobs they are interested in and want to work with.
One of the downsides of these websites is that many other designers want the same contracts as you do. You will have to compete with each other for customers and prices can get low. That is why you should join a social networking site like Facebook to find new clients.
##Event Planning
Whether it is a wedding, fraternity party, or any other social event you have planned, you will need someone who will be your organizer. The event planner has to think of unique ideas and plans for each type of event in order for them to be successful.
The event planner also has to make sure that everything goes smoothly and without any accidental disasters. The event planner has to set up the social gathering and make it as successful as possible. In order to be really good at this job, you will have to have a lot of experience with planning events and dealing with what can go wrong. This job is a great starter job for someone who wants to be in the event planning business.
This industry has many different opportunities for you if you can’t seem to decide what area of this field you would like to work in. There are many different things that you can do, and there is room for growth within this field. Event planners are always needed, and the demand for them is only going to keep growing.
e who want to get into this field.
##Animal Trainer
If you love working with animals, then this is the perfect business for you. Animal trainers are in charge of training and caring for different types of different animals that different companies own.
This is definitely a high turnover business because there are so many different types of animals to be cared for.
The high turnover rate comes from dealing with many different types of pets, like dogs, cats, birds, and even exotic creatures.
The main disadvantage that comes with this type of business is that the training and caring for the animals can be costly both from an exorbitant cost for the supplies that you will need to train an animal and also from higher turnover since there are so many people who want this type of work.
##Personal chef.
If you are a foodie and love cooking, this is the perfect business model for you. Someone who works as a personal chef is a chef who cooks meals for clients so that they can eat healthy meals at home.
A chef’s jobs include cooking and providing nourishing meals that are both high quality and appealing.
The low overhead for this type of business is very low because there are no expensive supplies or equipment that is needed to get started, besides maybe some herbs or spices. The only thing that is needed to get started is some time and energy.
The high turnover rate associated with this business model is not very high, but many people will want to be a personal chef.
This means that you will have to find a way to stand out from the competition to be successful for your business model.
##Legal Services
If you love writing and are a very good lawyer, this is the business model for you. Legal service providers help people with all of their legal needs. This job can be very lucrative, especially if you are a good writer and like helping people out.
The low overhead for this type of business is very small because there are no expensive supplies or tools needed to be purchased to get started.
The high turnover rate that comes with this business model is the main disadvantage. There are many lawyers and legal service providers who will offer to help you for free so that you can start your own legal practice, which means that there will be competition for every client and lawyer.
The main advantage of having a legal business is the freedom that comes with being your own boss.
##Hobby-Based Business Venture
If you have always had a passion for creating new artistic products, this is the profession. Many different artists can be found selling their hand-crafted items in all types of markets.
This would be a great business venture and a great way to combine your love for art with your love of entrepreneurial ventures. It may take some time to really develop the skill set needed in this space, but you will succeed if you are persistent.
Hobby-Based Business Venture has low overheads because the products are hand-made. This means that the overhead will be lower than if you were using a 3rd-party vendor or manufacturer.
It takes a lot of time to create unique, handmade, artistic items, but it will be easy and enjoyable once you master the skill set.
##Floristry
Floristry is a profession that deals with all things flower-related. Florists deal with flowers and floral arrangements, which can be used for different occasions, including weddings and funerals. This business is becoming increasingly popular because of the demand for flowers, which is steadily rising as time goes on.
A florist’s overhead will depend directly on the type of business that they are running. A florist can run their own personal shop or choose to work with another company and be an independent contractor.
In either case, each one of these options has low overhead because all of your supplies will come directly from your supplier.
##Sole proprietorship Business
One of the simplest forms of running a business without any overhead or minimal overhead is the sole proprietorship. These are typically run by people with outside jobs who are just doing something on the side, like making crafts that they sell locally.
This is a good, easy way to break into the business, but it does not leave a lot of room for growth. A slightly more complicated form of business is the partnership, either limited or general. The partnership limits the amount of liability for each person who owns a certain percentage of the business.
This type of partnership is good because it does not limit growth as much as a sole proprietorship but does make things more complicated at tax time.
##Designing
Designing is a great business model for people who wish to capitalize on their creative skills. Many different types of design can be created, and when it comes to designing, the world has become way more sophisticated.
Designers help companies to come up with packaging or websites that make their products or services stand out from the competition. Designers have low overhead because they do not need any expensive equipment, software, or rent.
##Electronics Repairing
If you love fixing things and creating inventions, then this is the perfect business venture for you. Electronics maintenance specialists can fix all kinds of electronic devices. They could be repairing a broken microwave, computer, or other electronic devices that need someone to fix it.
The low overheads for this type of business are very minimal. All that is required from the part-time electronics repairman are some tools and know-how.
When this type of business is started, there are no overheads. The start-up costs are minimal, and the repairs can be done in a small basement or garage with very few tools.
Many companies will pay for the devices to be shipped back to them so that they can repair them, but there are many people who will not want to deal with shipping their devices back and forth every time they break or need repair work.
##Property Maintenance
Properties always need repairs, or maintenance work is done for them. Many people have the skill set to do this type of work but do not have the time or money to really get started. That is where the property maintenance person comes into play.
A property maintenance person usually has low overhead because they already have all of the necessary tools that they need to fix things around their home and property.
The main disadvantage of this business model is that you will have to compete with many other people who want this same time and labor.
However, if you are focused on finding work, then competition is not a problem. This career is great for older people because they get to travel around and find work when they want it.
##Online Store
Online shopping is on the rise, and an increasing number of people are choosing to buy everything online, whether it is clothing, cosmetics, furniture, or food. This means that starting an online storefront is a great way to keep your overhead down and still have a nice profit margin.
The mere fact that you are not selling anything at this point is a huge benefit because of the low start-up costs. The only cost that is required to start the business is an online storefront with which to sell your products, and possibly some software for that storefront if you are using a drop shipping service like Shopify.
The other reason this is a low overhead business because there are no additional personnel costs associated with running an online store. There are no employees, which means no payroll taxes, workers’ compensation insurance, or benefits. You do not have to worry about vacation pay or sick days, and you can be closed on holidays.
##Wholesale supplier
This is a slightly more complicated business model that can help you keep overhead low. One of the best ways to make money in business is by building a brand around your product and then selling that product to retailers.
This has the added benefit of building a network of retailers that you can work with to build your brand. The hardest part about this process is getting wholesale prices from big retailers.
The next step is to sell them your product at a much higher price, which will allow you to make a nice profit margin on your products. This business model also helps you stay on top of the competition in the retail market by getting involved in their supply chain.
##Business Consulting
There are a lot of different ways that people can become business consultants. The simplest way is to write a business plan and get the money from private investors. The next level is to get the money from your own personal savings, and then you can pay yourself a nice salary as an employee.
This is also one of the main areas where you need to make sure that you keep your overhead low because once you have a client, even if he or she puts up a small amount of money, your overhead will increase drastically.
##Real Estate Brokering
The real estate market has been on the rocks for a while now, and that means that it is a great time to get into real estate brokering. The demand for housing has been steadily decreasing over the past few years, but there are still plenty of people who want to buy or move into new homes every year.
Therefore, it is a great time to build up your network and start building up your business. Real estate brokering is a low overhead business because you are not going to pay any money in rent or property taxes.
##Private Wealth Management
There are plenty of people who do not want to leave their money-making machine in the hands of anyone but themselves. This is where private wealth management comes into play.
The best way to do this is with private wealth management, which is basically taking all of your investments and making them more liquid so that you can invest in other businesses or assets.
This business model has a lot of low overheads because you are not going to have to pay any rent for your office, which leaves more money for the actual management of assets.
You will also not have to worry about paying taxes or health benefits for employees and can keep overhead low by working with independent contractors at a much lower cost than you would pay an employee.
##Yard Work
Another low overhead business that can be done in the warmer months is yard work.
This is a good business model for people who want to spend more time with their family outside of the summer months. It is also a good business model for those who want to make money without spending any money on tools or equipment.
Handyman work and yard work make up the majority of the businesses that are involved in these industries, but there are many more. In each one of these categories, you should try to find a way that will allow you to keep your overhead low and your profits high.
##Freelance Writing
There are a lot of people who want to write but do not get paid well for what they do. That is where a freelance writer comes into play.
Freelance writers help many different companies or clients create written content that they need for their web pages, articles, or books. These writers earn money each time that they complete an assignment and can make anything from $1-$10 per word, depending on the writer and the client.
The freelance writer has low overhead because they work with different clients and do not have to pay for computers or software.
One of the downsides of this business model is that it is difficult to find steady work because you have to compete with many other writers who want to do the same job as you.
Writers also work on an as-needed basis, so there are months where they will not be able to do anything but further their marketing efforts until they can find more work.
##Home Based Business
If you are a parent and want to spend more time with your children, this is a business venture. There are many different ways for parents to make money from home without having to work outside of their homes.
Parents can create a blog, which allows them to make money from home. Another way that parents can make money from home is by selling or creating products. There are many different companies out there that sell materials that you can use to create homemade products, such as soap or candles.
The more traditional way for a parent to make money is by babysitting other people’s children at home or off-time.
The low overheads for this type of business venture off a lot of the expenses associated with being a parent. This includes the cost of transportation, rent, and electricity. The main thing that parents will have to worry about is the time it takes away from their family. T
his business model allows you to spend more time with your children while still making money from home.
##Magazine Editing
Many people enjoy writing but do not have the skills or time to get paid for it. That is where a magazine editor comes into play. A magazine editor takes all of the written articles and gets them in order so that they can be published as a magazine.
The magazine editor has low overhead because she does not have to pay for any equipment or software and can work whenever she wants.
This is a great business model for anyone who loves to write and can make extra money by being an editor. You do not have any overhead, and you do not have to be worried about any equipment or software because your company supplies everything.
The main downside to this type of business venture is that you will have to find a way to market the magazines because there are many people that do not realize that people actually print magazines today.
##Copywriting
If you have always had a talent for writing and telling stories, then this is the industry for you. Copywriters are in charge of writing all of the text that is used in different advertisements. Advertisements can be for anything, including a car or a book.
The copywriter has to be able to get the message across as quickly as possible and make it interesting at the same time. Copywriters are very rare, which means that there is a lot of room for growth within this industry.
Copywriters have high turnover because people do not understand what a copywriter does, and it takes a lot of time to build up enough experience to get paid well for your skills.
Copywriters are also rare because there are not many people who want to pay money for other people’s writing, so that is another downside.
##Photography
Photographing is a great business model if you are able to learn new skills and experiment with new techniques. This industry will always be around, and the demand for photographers will never go away.
There are many different ways that you can get involved in this business, including using your own camera or a professional one. Photographers have low overhead because they do not need to pay for any equipment.
The main expense that photographers will incur is the costs of running their business.
Photographers have high overhead because they have to pay for someone to edit their pictures so they can get paid by companies. Photographers are also rare, so there is a lot of room for growth within this industry.
##Home Staging
Home staging is a great business to get into if you have the right skill set. A home stager’s job is to make houses look better and more appealing to their current and future owners.
There are many different ways that an individual can get involved in this business model, such as working for a company or being your own contractor.
Nobody likes the idea of having strangers in their home, which means that there are going to be some boundaries that you have to work within when you decide this as your business model.
The low overhead for being a home stager is somewhat limited because you do need to pay for your own supplies, but there is still plenty of room to grow within this industry.
The main disadvantage to this business model is that it takes a lot of work to get started and can be quite expensive.
##Translator
If you are a very good writer and speak more than one language, this is the business model. Translators are in charge of translating documents, such as letters, contracts, or websites into different languages.
Translators have low overheads because they do not need any expensive equipment or software to get started.
Translators will also have high turnover because many translation services out there do not want to pay a lot of money for those who can translate documents in their field.
The main disadvantage to this business model is that it takes a lot of time and dedication to translating documents.
This business model requires that you are very fluent in multiple languages, and you can quickly translate documents so that they can be published in different publications.
##Crafting
Crafters are people who put a lot of time into making unique items, such as clothes, products, or jewelry. Crafters are needed for many different things, including helping out with a wedding or doing simple crafts at home for kids.
The low overhead for this type of business is very small because you do not need any expensive equipment or software to get started.
Crafting is a great business model for people who want to spend time at home but also have the freedom to make their own schedules. Always be aware of competition before you decide to start this type of business.
Craft trends change quickly, which means that you will have to adjust your products and services as the trends change to be successful for this business model.
##Music Production
If you are a musician and wish to record your music, this is the business. Music producers work with musicians to create different albums or even just write songs for them. This can be a great way to work at home and still make money from home as well.
The low overhead for this type of business is very small because there is no expensive recording equipment that makes up your overhead.
The high turnover rate for this type of business model is the main downside. There are many people who will want to work for you, but there are not many jobs in this field.
The main advantage that music production gives you is the amount of time that you spend making your own schedule and working from home.
##Online Business
There are millions of online businesses that operate in today’s world, including everything from blogs to physical products and services. The low overhead for this type of business is very minimal because there are no expensive tools that have to be purchased.
There are many people who wish always to be working from home but do not have the time or money to purchase expensive and complicated software and equipment.
There is a lot of room for growth within this field because much of the technology developed today was not around when people were starting out.
The main disadvantage that comes with deciding to start an online business is competition. The internet is filled with people who want to start their own online business, and that means that you will have to find a way to make your business stand out from the crowd.
##Hair Stylist
A hair stylist’s job is all about fixing and styling people’s hair. There are many different ways for this type of business to be started, including working for yourself or working for someone else.
Hairstylists will have low overheads because they only need to pay for the supplies they will need to complete their job.
The high turnover rate that comes with this business model is the main disadvantage. In today’s world, people have a lot of access to hairstylists, which means that more people can do this type of work, and therefore, there is more competition for those relevant work.
##Nail Technician
A nail technician’s job is to do nail art and manicures. There are many different ways for this type of business to be started, including working for yourself or working for someone else.
Nail technicians will have low overheads because they only need to pay for the supplies they will need to complete their job.
The high turnover rate that comes with this business model is the main disadvantage. In today’s world, people have a lot of access to nail technicians, which means that more people can do this type of work, and therefore, there is more competition for those relevant work.
##Mobile Pet Grooming
A mobile pet grooming business is a great option for a person who wants to earn money on the side or start their own business. This type of business can be started by purchasing the supplies needed to groom dogs, such as clippers, scissors, tweezers, nail clippers, etc.
However, a mobile pet grooming business can also be started by working for a company that offers this service to its clients.
Mobile pet grooming businesses will have low overheads because they only need to pay for the supplies needed in order to groom one dog. The biggest advantage of starting a mobile pet grooming business is that it requires very little investment, meaning that the practitioner doesn’t need a lot of money to start up.
##Bartender
If you are a party animal and love to entertain, this is the perfect business. Bartenders enjoy entertaining people by making them drinks, so it only makes sense that they would want to start their own business.
The low overhead for bartenders is very low because no expensive tools or equipment are needed to get started.
The high turnover rate is the main disadvantage of this career. Bartenders have to deal with many different people daily, which means that there are more people to compete against, especially if you choose to work for yourself.
The main advantage of having your own business is that you can decide exactly how the money will be divided up and how long you want to take off for holidays or other personal things.
##Personal or virtual assistant
If you are a good writer and love helping different people out, this is the business. A personal or virtual assistant can help with errands, research work, or even simple clerical tasks.
The low overhead for this type of business is very small because there are no expensive supplies or equipment needed to be purchased to get started.
The high turnover rate is the main disadvantage to this type of business. There are many people who wish to be their own boss, but there are also many people who want to help someone else out.
The main advantage of having this type of business is that you can decide exactly how much work you want to get done and when you want it done.
##Computer Repair
There are many different types of computers that are out in today’s world, which means that there will always be a need for computer repairmen and women. There is a lot of competition in the computer repair industry, which means that there are a lot of people who will want to start their own computer repair company.
The low overhead for this type of business is very low because there are no expensive tools or equipment that need to be purchased.
The high turnover rate comes from having to deal with different customers daily and from competition because there are so many different types of computers out there.
The main advantage of having a computer repair business is that it can be done from home, and you can control how much work you want to get done and when you want to get it done.
##Pet Sitter
If you love animals, then this is the perfect job for you. A pet sitter is in charge of taking care of different types of pets, such as dogs, cats, birds, or any other type of animal.
Petsitting is a great way to help out with a friend or family member’s animal while also benefiting from the overheads that come with having your own business, which includes equipment and any supplies you may need.
The low overhead for pet sitters is very minimal because no expensive tools or equipment are needed to get started. The high turnover rate comes from having to deal with different types of animals and their different needs on a daily basis.
The main disadvantage to this business model is the lack of freedom that comes with having a boss. You do not get to decide exactly how much work you want to get done and when you want to get it done, but rather your client does.
##Affiliate marketing
This business model lets you sell different products by referring people to different sites where they can buy the product. If you have a very large following online, then this is the perfect business for you.
The low overhead for this type of business is very small because there are no expensive tools or equipment that need to be purchased.
The high turnover rate comes from the fact that you will have to work very hard and put a lot of effort into getting people excited about your products and services.
The main advantage of having an affiliate marketing business is that you are in charge of how much work you want to get done and when you want to get it done.
##Personal Wellness
Many people are getting healthy because it is easy to do something positive for themselves. A lot of people want to eat healthier, and the easiest way for them to do so is by starting a blog about it.
One of the best ways for people who live in an apartment complex or are part of a small community to get healthy is by growing their own vegetables. That is where gardening comes into play. Gardening has a very low overhead because you just have to buy seeds and some soil.
One of the downsides of gardening is that you need to make sure that your garden does not attract pests. If people notice that there are pests in your garden, they might think of you as a bad gardener and not hire you for healthy food.
##Furnituremaker
Relating to learning how to make furniture for your house, this service is very common since woodworkers can help build beautiful pieces for their homes.
Most of the people who want to start a woodworking business are those that do not have any background in this field, but if they can learn their way around wood, they can certainly turn out some great product.
One of the main problems that woodworkers face is that they have to spend a lot of money on tools that will help them do their job. That makes creating their own work very hard because they cannot use anything but tools to make their products.
One of the best ways for woodworkers to get more business is by marketing themselves online. By doing this, they can attract more and more customers with the help of their website.
##Auto Repair
Ever since the invention of cars, people have been changing their cars and making them better. However, a growing number of people do not know how to do this because they are not mechanics. That is where auto repair comes into play.
One of the things that make auto repair very feasible is that you can easily get this opportunity without having any special background. All you need to do is to have a passion for cars and you will be able to start making money as an auto mechanic.
One of the main things that make this type of business hard is that you have to buy a lot of expensive tools and equipment to get started. You will need to get your own shop and dispose of some money into advertising for a successful auto repair service.