Low Cost Business Ideas To Help Supplement or Even Replace Your Income

It’s never a bad idea to try and make more money especially when all you hear on the news these days is how the unemployment rate keeps growing, and the job market keeps shrinking. In this time when no job is too secure and nothing is certain, the only thing to be done is to secure your own future, yourself. By creating passive or low time and cost streams of income, you will be better prepared in the case of a job loss. If that loss never comes, you will have created supplemental income that can elevate your financial situation.

Car Wraps

The Car Negotiation Coach had a guest post that explained this one well. You basically rent your car out as ad space. If you have a long commute each day, that is a big selling point. When advertising your ad space, you can either get a wrap as an ad for your own service, or put an ad in a free classified like Craigslist or a local paper. As explained in the guest post, you can also seek out advertising companies that already do this on a regular basis. They will pay for the ad to be placed on your car and encourage you to pick the design and location of the ad so you are happy to drive more often.

Junk Hauling

Do you have a truck? People haul away loads of junk to the city dump every day! Most of them don’t want to go through the hassle of actually hauling the junk themselves, or renting a truck to do so. You can post fliers around the area you live and haul peoples junk away with minimal cost to yourself. An estimate of how much you can make doing this would be about $75 per truck load in a regular sized pickup truck. This is far cheaper than most chain junk hauling companies and your business may grow faster than you think. Make note that some things require special permits to haul such as chemicals or hazardous waste. You should also get a list of prices of materials charged at your city dump. Many people throw out things because they don’t want to take the time to sell them or don’t realize they can be sold so keep a close eye on what is being junked and you may be able to recycle metals or sell reusable things to increase your profit.

Free Rock Chip Repair

With the condition of US roads always going downhill, there are thousands of windshields that need repair daily. You can take a slice of that big pie by opening a free rock chip repair station. There are some tools needed for the job, as well as a bit of practice but it’s not all that difficult to learn. You can find an empty parking lot at the edge of a busy road, set up shop and wait for business. You can bill about $50 a repair directly to the customers insurance company. Rock chip repair is usually a no-fault claim and covered by insurance companies as it is cheaper for them than replacing a full windshield. There are tons of info sites out there detailing how to start a rock chip repair business and how to go about billing insurance companies for the repair. Many of these sites also sell the tools you need to get started and provide training.

Shaved Ice or Snow Cones

There are plenty of different ways to do this one. You can franchise with a company like SnoShack which will actually provide you everything you need aside from a location to get started for a fairly low fee (around $3000, includes the ice shaver and supplies) or you can go without the franchise backing, buy the equipment third party and do it all yourself. Either way, the markup on shaved ice is outrageous. It costs about 16 cents per cone, and you can sell them for $2 or $3 each.

Roadside Produce

If you have a small vegetable, fruit or flower garden, sell the excess that your family doesn’t on the side of the road or door to door in your neighborhood. For this business, you just need the product (which in reality can be anything) and to pick a busy freeway off-ramp, intersection, neighborhood or even a parking lot. I know that many grocery stores in my area buy produce exclusively from local suppliers so if you have the means, you could expand this business and supply to local grocery stores.

For all of these ideas it’s best to check with your city for restrictions and business licensing requirements. In most cities, you can get licensed as a business for a small fee and a little bit of paperwork. The fees range from $20 to $100. There are also plenty of open parking lots across the country but be sure to check any other businesses that share the parking lot to make sure they don’t mind you setting up shop.

These are just a very small sample of the thousands of ideas out there, both tried and true, and brand new that can help you weather the economy if you have experienced hardship and have a little bit of spare time. You may even find the new business so rewarding, you can completely replace your job.

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24 People have left comments on this post



» Invest It WiselyNo Gravatar said: { Aug 3, 2010 - 09:08:29 }

"For this business, you just need the product (which in reality can be anything) and to pick a busy freeway off-ramp, intersection, neighborhood or even a parking lot."

This is quite common to see in Asia, especially in the poorer countries but even in the rich ones such as South Korea. I have never seen it done here though.

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Jesse MichelsenNo Gravatar Reply:

It's common in California as well. The weather is nice and warm all year round, and there is so much produce available. I have actually purchased flowers on the roadside, as well as homemade fruit baskets and things like that. The cost is low compared to floral shops and quality is just as good, in my experience. I plan to try this one out where I live, if law permits, in the near future.

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» Money ReasonsNo Gravatar said: { Aug 5, 2010 - 01:08:49 }

Wow, what a great original list!

Often times the list for side income are too similar from one source to the next. But your list has a lot of original ideas!!!

Nice job!!!

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Jesse MichelsenNo Gravatar Reply:

Thanks MR! There is a reason behind these that I'll soon share so I really wanted to write about things that I have actually done or seen done before.

Your kind words are too much :) thanks

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» Financial SamuraiNo Gravatar said: { Aug 5, 2010 - 01:08:33 }

What, no blogging? :)

After 6 months after the Yakezie.com is launched. I hope you will be describing how you are making $1,000/month from your site or more!
My recent post Millionaires Need Love Too Ya Know

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Jesse MichelsenNo Gravatar Reply:

These ideas were focused on the more traditional, brick and mortar type businesses. Today I had planned to focus on ways to make money writing online which of course includes blogging. I will eventually clue everyone in to the WHY behind this sudden rush of income based posts :)

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» Car CoachNo Gravatar said: { Aug 5, 2010 - 05:08:08 }

How about "body wraps". Have you heard of people getting ad tattoos for cash? I actually heard there was one restaurant in California that offered free food for life for anyone that got a tattoo of their logol

Anyway, thanks for the mention!
My recent post GAP car insurance- do you need it

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Jesse MichelsenNo Gravatar Reply:

Wow, if I were into tattoos I would absolutely get one for free food for life! And no prob! I hadn't heard of the body wraps, but that guy that sold his wardrobe was pretty clever.. iwearyourshirt.com

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» MarkNo Gravatar said: { Aug 6, 2010 - 10:08:59 }

That's a pretty creative list. You have some pretty unique ideas here.
My recent post Dump Your Shares Of HP Now

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Jesse MichelsenNo Gravatar Reply:

Thanks Mark! I hope someone can make use of them.

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» RogerNo Gravatar said: { Aug 7, 2010 - 06:08:21 }

Thanks for sharing your ideas. Sometime We come up with a great idea that will give us success but drop it before it has been properly executed to go on to the next big thing or something that’s more exciting. We always want to be occupied with the next big thing! We lack Focus unless we specifically and consciously “decide to focus”.

My recent post Join the Dreamcatchers Cruise with XL Members

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Jesse MichelsenNo Gravatar Reply:

Ya, that happens a lot, especially with me but hey, the more things you try, the better chance you have for something to take off and be successful.

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» Kevin@OutOfYourRutNo Gravatar said: { Aug 12, 2010 - 05:08:08 }

A friend of mine does trash hauling and he is doing quite well. It took a few years to build it up, but now his phone doesn't stop ringing. Proof that trash hauling is profitalble! Heck, and why not–no one wants to do it!
My recent post Will Social Security Be There When You Retire

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Jesse MichelsenNo Gravatar Reply:

It's amazing how much trash people can produce, so why not get in on the action! Thanks for sharing a real example with us about this one.

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» stevenabbNo Gravatar said: { Aug 13, 2010 - 04:08:44 }

Thanks for sharing the useful information! In these days when unemployment is hurting one can use these ways invest money and who knows what it will prove to you in future..

chapter 13 in bankruptcy

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Jesse MichelsenNo Gravatar Reply:

You never know what will happen in the future so you really can't afford to not play all your cards so to speak. Thanks for stopping by Steven

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» Paul BranwhiteNo Gravatar said: { Dec 8, 2010 - 08:12:28 }

If you’re looking for a part-time business with small investment, then you can also try a courier business. Starting a courier business is relatively stress-free. There are a lot business which rely on courier services such as banks, legal offices, accountants, etc. What you need is a reliable transportation, communication equipment (phone), and a bit of computer equipment to manage clients (such as invoices, etc.). You won’t also be competing with big companies such as FEDEX or UPS because the specialize in national parcel delivery. There are a lot of websites such as http://www.courierpros.com/ which can help individuals who are starting out with their courier business.

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Jesse MichelsenNo Gravatar Reply:

Paul, thats another great one. Thanks for sharing!

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{ Aug 3, 2010 - 06:08:11 } Do You Wait Well?


 
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