Movie Investors Needed for Faith-Based Project: 5% Finder’s Fee for Referrals

The Islands MovieWe are seeking fundraisers to help us find some new investors for a completed faith-based movie that is set to hit the theaters in November of 2018. The movie is called The Islands, and it’s based on the incredible true story of Chieftess Kapiolani of Hawaii, who found Christ in the 1820s and ended human sacrificing, ushering in a new era in Hawaiian history. The movie stars Academy-Award winner Mira Sorvino and legendary actor John Savage. It was produced and directed by Tim Chey, winner of 3 Dove Awards for his previous films.

You can watch a 1-minute teaser trailer here, and learn more about the movie at http://theislandsmovie.com/

The Islands is currently in post-production, and we are looking to raise $3.5 million to $7 million between now and May 15, 2018 to ensure nationwide distribution. The goal is to be in over 1500 theaters, backed up by major promotion through Christian radio, television, local churches, and other faith-based outlets.

Minimum investment to own a share of this project is $150,000. And fundraisers who refer an investor receive a 5% finder’s fee.

For example, if you refer an investor who buys a minimum share ($150,000), your commission would be $7,500. Find an investor who puts in $1 million, and your commission goes up to $50,000.

Why Invest in a Faith-Based Movie?

About 75% of Americans identify themselves as Christian. This equates to about 250 million people. For many decades, Hollywood ignored this audience and did not make movies that catered to them. This started to change in 2004 with Mel Gibson’s The Passion of the Christ, which grossed over $600 million and became one of the top ten most popular films of all time. Since then, numerous other faith-based movies have been produced, and the majority of them have been profitable. Still, Hollywood studios are hesitant to get behind them, and most faith-based films still rely on private investors.

Faith-based movies typically do quite well at the box office, especially when they are distributed to at least 500 theaters. The Islands is expected to have this type of widespread appeal, with projected box office revenues of $15 million to $30 million. This would mean a 120% to 240% ROI for investors. Because of its compelling storyline and Hawaiian, we also believe the film will do very well in Asia.

For U.S.-based investors, movie investments have significant tax benefits as well. The Islands qualifies for a 100% federal tax deduction under Section 181 of the Internal Revenue Code. This means that if an investor is in the 35% tax bracket for example, they are really only risking 65 cents on every dollar invested. There are very few investments with the combined ROI potential and tax benefits that movie investments provide.

Though all investors are welcome, the ideal investor for this movie is someone who has the financial capacity, wants to enjoy the tax advantages and ROI potential The Islands project offers, and is passionate about spreading the gospel through film.

If you know anyone who might want to invest and/or you’re interested in investing yourself, email us at rpworldwide1(at)gmail.com or call us at 651-202-8636 for more details and a prospectus. Serious inquiries only!

3 Types of Franchising and the Differences Between Them

Types of FranchisingFranchising is a business relationship that allows companies to expand their product and service offerings while giving entrepreneurs the opportunity to partner with an established brand and business model. The franchisor licenses its business model, procedures, know-how, and intellectual property, and the right to sell its products/services to a franchisee in exchange for fees and an agreement to adhere to company standards. There are various types of franchising and hundreds of franchise opportunities in countless industries, allowing those willing to invest some capital and work hard the chance to own and operate their own business.

When we speak about franchising, it is important to understand which type we are talking about. There are three general types of franchising:

  • Product Distribution Franchising

  • Business Format Franchising

  • Social Franchising

Here is a closer look at each type of franchise model:

Product Distribution Franchising

Product Distribution FranchisingThis franchise type closely mimics a supplier-dealer relationship and is typically found in the automotive, computer, and soft-drink industries. Product distribution franchising deals mainly with large products such as automobiles, motorcycles, bicycles, auto parts, vending machines, and some of the inventory for gas stations and convenience stores. Some well-known examples of this franchise model include Pepsi Cola, Ford Motor Company, and John Deere farm equipment.

Though product distribution franchising is similar to dealer-supplier business relationships, the key difference between the two is that product distribution franchisors are more closely tied to their franchisees. For example, in a supplier-dealer relationship, the dealer might carry the products of the supplier as well as several other competing products. With a product distribution franchise, the franchisee is required to carry/sell/distribute the franchisor’s products on an exclusive or at least semi-exclusive basis. In return, the franchisee usually receives a far greater level of support from the franchisor than in a typical dealer-supplier relationship.

Business Format Franchising

Business Format Franchise The business format is by far the most common type of franchising in the United States. More than 80% of all franchises in the U.S. use the business format model, and this franchise type has been replicated successfully in numerous industries. In a business format franchise, the franchisor licenses the brand and business system, and the franchisee operates the business independently, but in keeping with certain standards laid out ahead of time in writing by the franchisor.

Some of the best-known business format franchises are in the fast food industry. McDonald’s and Subway are the two largest fast-food chains in the world, and they have been incredibly successful using this business model. In recent years, the business format model has been used to create successful franchise brands in industries such as maid service/cleaning, senior care, health and fitness, children’s services, pet care, and many others.

The main difference between the business format and the product distribution franchise types is that the franchisor is primarily receiving a business system which they can replicate, rather than a product which they market. That said, a product distribution franchisor may also provide a business plan, but that is not the main part of the package. By the same token, a business format franchise may also provide products to sell (e.g., McDonald’s and Subway supply their franchisors with food products), but the primary benefit the franchisor receives through the relationship is the brand and business model, not the product.

Within the business format model, you will find franchises of all types and sizes. There are the traditional franchises that require low to mid six figure investments for a location, building, inventory, and other start-up costs. But there are also franchise businesses you can operate out of your home with very little overhead other than the franchise fees and a few other costs to get started. Some franchisees have single locations or territories, others may decide to invest more and lock down several territories. The multi-territory strategy is great if you identify an emerging franchise brand that looks likely to become much bigger and more profitable.

Another potential strategy for those with high-level management skills is the master franchisee/area developer. When a franchisor expands into a new region or another country, they often award master territories to those with a proven ability to oversee several individual franchisors. Once you become a master franchisee, you collect fees from individual franchisors who start businesses within the territory. For the right person with the right skillset, this can be a very lucrative opportunity that could quickly turn into a six or seven-figure annual income.

Social Franchising

Social FranchisingA new and emerging type of franchising that is worth mentioning is called social franchising. This model is a variation of business format franchising that is used to help promote social services primarily in third-world countries. Social franchising focuses mainly on the delivery of essential products and services such as food, safe drinking water, quality healthcare, and education that have been traditionally provided by churches, charities, governments, and non-government organizations (NGOs) often with less than satisfactory results. Unlike these other organizations, social franchising uses the business format franchise model to train local entrepreneurs to provide these essential offerings, generate profits for themselves, and create local jobs within their communities.

Which Type of Franchise is Right for You?

These days, franchising options are virtually limitless. If you are in the United States or another first-world country, there are numerous product distribution and business format franchises to choose from. For most entrepreneurs, however, the business format model has a lower barrier to entry with far more franchising options. If you live a third-world or developing country and/or you’re looking to start a business that helps lift a community out of poverty, social franchising is worth looking into.

At National Franchise Business Solutions, we deal primarily with business format franchising. We have access to over 600 franchise brands across a wide range of industries, and through a proven multi-step process, we work closely with aspiring entrepreneurs find the franchise business that best suits their passion, skills, and budget. There are never any consultation fees for our services, and if you eventually choose to partner with a franchise brand, the fee you pay is exactly the same whether you work with us or directly with the franchise company.

 

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Trump’s 4 Pillars for Immigration Reform: How will Proposed Changes Impact the E2 Visa Program?

Trump's 4 Pillars on ImmigrationIn his State of the Union Address on Tuesday night, President Trump laid out his four pillars that must be included in an immigration reform bill. The plan involves granting a path to citizenship to over 1.5 million so-called “dreamers” (those who were brought to the U.S. illegally as children). Currently, many of them are part of a temporary program called Deferred Action for Childhood Arrivals (DACA), which is scheduled to expire in March.  

The President wants three things in return for granting dreamers a path to citizenship:

  • $25 billion to fund construction of a wall along 700-800 miles of the southern border with Mexico, as well as several other enhanced border security measures;

  • An end to the visa lottery program;

  • An end to so-called “chain migration” (i.e., limiting family-based immigration visas to just spouses and minor children).

The reasoning behind the President’s proposal is that we need to fully secure the southern border, and that must include construction of a wall – this was one of his central campaign promises when he ran for President. President Trump also wants to get rid of what he calls a “random” visa lottery system and award those visas to skilled workers. And as for family immigration, he believes it doesn’t make sense for one person immigrating to the U.S. to eventually be able to bring parents, grandparents, siblings, in-laws, aunts, uncles, and cousins.

It is important to keep in mind that, at this point, this is only a proposal, and it is a long way from becoming law. The Democrats are highly motivated to grant some kind of permanent legal status to DACA recipients, but most believe that President Trump is asking far too much. This dispute led to a three-day government shutdown in late January, and could produce similar standoffs in the coming months.

Since 2018 is a mid-term election year, both parties are treading carefully in dealing with this issue. Democrats are leery of looking responsible for another government shutdown just to help gain legal status for people brought to the country illegally, and Republicans are worried that since they control the White House and Congress, they may ultimately be the ones held responsible if a prolonged shutdown occurs. In the meantime, some Democrats and Republicans are trying to find common ground for a deal that would satisfy both sides and keep the government open.

While no one knows exactly what will finally be negotiated between the President and Democrats in Congress, it is clear that the President’s goals are to shut off the flow of illegal immigrants and reform America’s legal immigration system to make it less family-based and more merit-based. If I were to guess right now, I would say that the final compromise might be to grant legal status (with no path to citizenship) to just the 500,000 or so dreamers who have signed up for the DACA program in exchange for most (if not all) of the $25 billion requested for the border wall. This would leave ending the visa lottery system and chain migration as issues to be tackled in a more comprehensive immigration reform package down the road.

Immigration Reform and E2 Visas

E2 Business Visa in USAThe E2 visa program has been widely used by foreign nationals in recent years who want to start a business in the USA. Thousands are approved each year under the program, and it is widely seen as one of the easiest pathways to residency in the United States. So far, the E2 program has remained mostly off of President Trump’s radar.

In 2017, E2 visa processing times were a little longer than in years past. In addition, applicants were more heavily scrutinized to ensure that their investment amount was “substantial” (in general, this means at least $100,000 USD), their business was “non-marginal” (not a sketchy business model such as multi-level marketing), and that their new business was creating at least two new American jobs.

When Congress and the President finally tackle comprehensive immigration reform, there is a strong likelihood that the E2 visa program will remain in place and not be changed much. There was a report late last year about E2 visas from Grenada, but this has to do with Grenada’s “Citizenship by Investment” program, and the fact that many foreign nationals are using it as a back door into the United States. This has caused E2 applications from Grenada to be looked at more carefully, but this is only because of their specific policies, and has nothing to do with the E2 program as a whole.

So how will immigration reform affect the E2 visa program? The President’s goal is to bring more foreign investment and more skilled workers into the country, and the E2 program is perfectly aligned with these objectives. For this reason, I don’t expect lawmakers to do away with the program or tamper with it too much. If anything, they might be leaning more toward improving the program for those who hold E2 visas.

Last July, Congressman John Rutherford (R-FL) introduced the E2 Visa Improvement Act of 2017, a bill that would allow E2 visa holders who have been in the United States at least 10 years and created at least two full-time jobs for Americans to obtain a green card. Though the bill did not pass last year, this type of change could end up in a broader immigration overhaul.

Another thing to consider is the future of family-based immigrant visas. Whether it becomes law this year or not, the President clearly has his sights set on seriously limiting family-based visas. One of the major advantages of the E2 visa program is that it allows qualified applicants the ability to come to the United States without family, employment, or school connections.

As long as you meet the requirements, you can bring yourself, your spouse, and any children you have under the age of 21. And while you are living in the U.S. and operating your business, your spouse can get a work permit to find outside employment. This can be very helpful in supporting your family, especially during the first year or two when you are building your new business and adjusting to your new life in America.

 

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Private Employers Add 234,000 Jobs in January in Sign that U.S. Economy is Heating Up

Jobs ReportThe first month of 2018 is in the books, and it looks like the economic growth many predicted after the tax reform bill was signed into law is starting to materialize. ADP and Moody’s Analytics report that private employers added 234,000 new jobs in January, exceeding their estimate of 185,000. The Labor Department will report January non-farm payroll jobs tomorrow, and many economists are predicting a similar number.

Update 2/2/2018: The Labor Department report shows that the U.S. economy added 200,000 non-farm payroll jobs in January, 20,000 more than the 180,000 that was expected. Unemployment is at 4.1%, and wages grew at their fastest pace since 2009.

Today, Reuters is reporting that the Atlanta Federal Reserve is now forecasting a whopping 5.4% annualized rate economic growth for the first quarter of 2018. This latest estimate is more than a full percentage point faster than the 4.2% growth they predicted just last Monday. Obviously, it will be a while before we know the actual numbers, but one thing is abundantly clear; the U.S. economy is poised to grow at rates not seen since the 1990s.

Doing Business in the USA

For aspiring entrepreneurs, the positive economic news is a welcome relief from the anemic growth we’ve seen in recent years. Millions of consumers are now getting new jobs, raises and bonuses at existing jobs, and tax cuts, all putting more money into their pockets. And more income means the ability to spend more money on products and services they want and need. If you have been thinking about starting a new business or expanding an existing business, now may be the ideal time.

One way to more quickly capitalize on the economic activity is by franchising. Hundreds of companies across a wide range of industries have franchise opportunities available for those who want to be in business for themselves. The best part about franchising is that although you are in business for yourself, you are not by yourself. The franchisor provides a business plan and training and assistance during the startup phase. And once you are already in business, they provide ongoing support to ensure that you are on track to succeed.

The West Virginia Recovery

West Virginia InvestmentOne of the states that is poised to benefit greatly from the economic resurgence is West Virginia. Late last year, President Trump signed an agreement with China Energy Investment Corporation for the company to invest $83.7 billion in shale gas development and other energy projects in the Mountain State over the next two decades. The $83.7 billion figure is larger than the state’s entire annual gross domestic product (GDP), and is sure to create tens of thousands of jobs in the energy sector.

Energy will not be the only sector that benefits from the Chinese Energy investment, however. Think about all the gas stations, restaurants, automotive centers, children’s services, pet care services, entertainment, and other types of products/services these workers will need. These ancillary businesses will be necessary to support the energy workers, creating countless opportunities for savvy entrepreneurs to get in on the action.

The West Virginia story is just one of numerous examples of major foreign investments in various parts of the United States, all with multiplying effects on their local economies. There are also billions of dollars being repatriated by U.S. companies from abroad. Apple alone has announced that it will bring back hundreds of billions of dollars in capital it has had parked offshore, and they will invest at least $30 billion of that money to create a new campus and add 20,000 U.S. jobs.

E2 Visa Provides Avenue for Foreign Investors to Cash in On U.S. Economy

E2 Investor VisaIf you are a foreign national who wants to be part of the American economic boom, one of the easiest ways to do so is through the E2 investor visa program. With the E2 program, you can obtain a visa to bring yourself, spouse, and children under age 21 to the U.S. when you invest in a U.S.-based business. The requirements of the program include:

  • The amount of the investment must be “substantial”;

  • You must be able to prove that your investment capital was obtained legally;

  • The business you invest in must be “non-marginal”;

  • You must own at least 50% of the business;

  • You must live in the U.S. and be involved in the operations of the business.

While there is no set dollar amount necessary to qualify for the E2 visa program, experience has shown us that your chances of approval are much greater if you have at least $100,000 USD available. Also, since the new administration took office, there has been a much greater emphasis on the number of American jobs your investment will create. It is expected that your new business will create at least 2 jobs for American workers. The more jobs you will create, the better your chances of getting approved.

Finally, to meet the “non-marginal” business standard, you need to stay away from sketchy business models like multi-level marketing and internet marketing. You need to show that your business has a proven model, and that you have a detailed business plan that can realistically produce a viable income for you and your family in the near future.

One of the best ways to help ensure that your business will be approved by a USCIS or consular officer is to partner with a known U.S. franchise brand. Franchises work well with the E2 program because they are established companies that are well-known and recognized by the officer doing your interview. In addition, franchisors provide extensive startup support and a detailed business plan to present at your interview. This makes partnering with a franchisor one of the smoothest paths toward realizing your dream of owning a U.S.-based business.

 

 

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E2 Visa Business in USA: How Foreign Investors Can Start a U.S.-Based Business

E2 Business Visa in USAThe United States is open for business. In 2017, the U.S. economy experienced two consecutive quarters of GDP growth exceeding 3% for the first time since 2014, and just barely missed hitting that mark for three consecutive quarters. At the end of last year, lawmakers enacted a tax reform bill that will make it much easier to build a profitable business in the U.S. For foreign investors, there is a major opportunity to cash in on the friendly business climate and booming economy with an E2 visa business in the USA.

Why should foreign investors consider a business in the United States?

America boasts one of the most vibrant economic climates in the world. The consumers in the U.S. have money to spend, and there are countless thriving industries for foreign investors to take part in. Recent changes have made the business climate even better. The aforementioned tax reform bill lowered the corporate tax rate from 35% down to 21% – making the corporate rate in the U.S. among the most competitive in the developed world. What’s more, countless regulations have been rolled back or eliminated in the past year, making it far easier to do business here.

Living in the U.S. is another factor to consider. The U.S. is perhaps the most developed country in the world, and virtually every convenience imaginable is at your fingertips. More importantly from a business standpoint, it is far easier to sell products and services here, and investors have greater access to venture capitalists, angel investors, and others who specialize in startup investments. If you have a dream to be in business for yourself, there are few better places to make that dream a reality than in the U.S.

What is the E2 visa?

The E2 is an investor visa that allows foreign nationals who originate from a qualifying country to immigrate to the United States and invest in and operate a business. Citizens from approximately 80 countries qualify for the program; including countries such as Canada, Mexico, the Philippines, South Korea, Honduras, and Costa Rica. Though most major countries qualify, there are some exceptions. For example, if you are from Russia, China, or Israel, you are not eligible to obtain an E2 business visa for the USA. For a full listing of qualifying E2 countries, go here.

If you are from an eligible country, you can qualify for an E2 visa by meeting certain requirements. These include:

  • Making a “substantial” investment in a U.S.-based business;

  • Investing in a business that is “not marginal”;

  • Owning at least a 50% interest in the business;

  • Living in the U.S. and participation in the day-to-day operations of the business;

  • The ability to prove that you obtained the funds for investment legally.

Many of these requirements are subjective, meaning there are no concrete guidelines and the determination as to whether or not you qualify is at the discretion of the USCIS officer.

Perhaps the most important variable that falls into this category is the investment amount. The USCIS provides no specific dollar amount that you have to be investing, just the term “substantial”. However, though there is no set amount, you can get a pretty good idea of what you need from past experience.

Experience has shown us that $100,000 USD is the minimum amount you should have to invest in an E2 visa business in the USA. We have heard of approvals for smaller amounts, but going that route is far more risky. In fact, since the new Administration took over last year, $150,000 USD seems like a safer figure to work with. The USCIS also likes to see that your investment is going to create at least 2 jobs for American workers. This is one of the primary objectives of the program, so plan on showing how your new business will employ workers in the U.S.

Another area to consider is the type of business you are investing in. The USCIS does not want to see “marginal” businesses. And by that they mean businesses that are sketchy and lack a proven model and concrete business plan. Examples include multi-level marketing (MLM) companies and internet marketing. Though not all businesses in these categories are scams, there are simply too many of these types that are not legitimate, and it is too difficult for the USCIS to sort out the good ones from the bad ones.

Advantages of the E2 Business Visa

The USA is one of the most desirable places in the world in which to live, and the E2 investor visa helps you get there without family, employment, or school connections. This makes the E2 visa a unique path that anyone from an eligible country who meets the other qualifications can take advantage of.

Some of the most important benefits of the E2 business visa include:

Quick Processing: From the time you lodge your application, you can typically gain approval for your E2 visa within 2-4 months. This is much faster than many other types of visas.

Family Can Come: You can bring your spouse and children under the age of 21 to live with you in the USA.

Spouse Can Work: Your E2 business is not necessarily your only source of income. Your spouse can also work and provide additional income. This can be especially advantageous in situations wherein your spouse is a nurse or is in another high demand profession but cannot find a U.S. employer to sponsor a worker visa.

Can Renew Indefinitely: Technically, the E2 is a temporary non-immigrant visa that is valid for 2-5 years depending on your country of origin. However, you can renew the visa as many times as you want as long as the business you invest in is still operational.

Does an E2 business visa in the USA lead to a green card?

The short answer is no – not directly anyway. As mentioned earlier, the E2 is a non-immigrant visa that provides temporary residence in the USA. It cannot be converted directly to a permanent resident immigrant visa with green card status. That said, if your goal is to obtain a green card, an E2 visa can be combined with other avenues to help you get there.

Here are a few examples of how an E2 business visa can lead to a green card in the USA:

Family-Visa Conversion: If you have a family member already in the U.S., you may be able to enter now on an E2 visa while your family-based visa petition is being processed. Family visas can take several months to several years to process, depending on the category you are in. An E2 visa can allow you to stay in the U.S. until your family-based petition comes through.

Employment Visa for Spouse: I mentioned earlier that spouses can get a work permit to obtain employment outside your business. This could provide your spouse the opportunity to find a company willing to sponsor a worker visa. These types of visas are complicated and have annual caps, but if your spouse is already here and employed by a U.S.-based company, he/she can gain an inside track that can allow them to become sponsored much sooner than those who are outside the country and waiting to come in.

Conversion to an EB5 Immigrant Visa: What if you have no family connections and no employment connections from your spouse but still want a green card? There is still a way to obtain this through an EB5 visa. The EB5 is a permanent visa investor program for foreign nationals with larger amounts of capital to invest – typically $500,000 to $1 million USD or more.

The challenge with the EB5 program – aside from the higher capital requirements – is the complexity of the program and long wait times. Like employment visas, there are annual caps and it typically takes up to two years or longer for approval. If you go the E2 route, however, you can come here immediately (or in 2 to 4 months), start your business, and apply for the EB5. By the time your E2 is up for renewal, your EB5 should already be approved and you will have your green card.

What types of businesses are likely to qualify for an E2 visa?

The USCIS is looking for businesses that are legitimate, and they will expect you to present a detailed business plan to show how your E2 visa business will meet its goals of employing at least 2 Americans and achieving profitability. One of the best types of businesses for the E2 visa program are franchises. Franchise businesses are those that represent a company and their brand.

Well-known examples of this include McDonald’s and Subway. Most restaurant locations for these two fast food chains are owned by franchisees. But franchising is not just limited to the food industry; there are also franchise opportunities in industries such as automotive, children’s services, pet care, cleaning, home healthcare, and many others.

By investing in an E2 visa franchise, you are partnering with an established brand that provides the business plan you will need for your consulate approval, as well as in-depth training and support. The company you partner with has a vested interest in your success, because their name and reputation are on the line. They will work closely with you to help choose a location and take all the other necessary steps to get up and running.

franchiseE2 visa approvals can be challenging, but by working with an established franchise brand, your chances of success at your interview will skyrocket. Franchise companies are well-known to USCIS officers, and they know the business is legitimate. By going the franchise route, you have a much better chance to realize your dream of owning and operating your own E2 visa business in the USA.

 

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What are the Costs of Owning a Franchise?

Owning a FranchiseOwning a franchise can be the fulfillment of a lifelong dream. Being in business for yourself can offer you the freedom to set your own schedule and finally earn what you are really worth. Franchising can be a confusing process, however, and it can be challenging to navigate the numerous steps to franchise ownership on your own. There are also many costs involved when you are getting started and after the business is in operation.

How does it feel to own a franchise? Well, that depends on which company you partner with and other specific factors. Owning a franchise allows you to represent an established brand, which carries with it many advantages. For one, there is a proven business model already in place that can be duplicated. In addition, you are given a detailed business plan to work from, which gives you more specific guidance on how you will reach profitability. This is especially helpful if you are an E2 visa candidate as it will help you obtain approval from the USCIS.

Franchisors also have a vested interest in your success because their reputation is on the line. For this reason, they carefully vet candidates ahead of time, and provide extensive support once you sign on and become a franchise owner. The support and other benefits come at a price, however. Here is a look at some of the costs of owning a franchise.

Franchising Start-Up Costs

The largest franchise ownership costs come in the beginning. Most franchisors require a franchise fee, which is basically a fee you pay upfront to use their name. This fee is typically in the $50,000 to $100,000 range, but there are lower cost franchises these days with fees in the $10,000 neighborhood or in some cases even lower. The fee may seem like a lot, and it is, but you are also gaining the right to use the brand name that the company has already established. This means you are benefiting from the reputation of the brand rather than having to spend months or years establishing yourself within your industry.

Along with the initial franchise fee, you are also looking at costs for commercial space, equipment, and inventory. These costs will vary widely depending on the type of business and industry you are getting into. For example, if you are looking to own a food franchise, the location, development, equipment, and inventory costs can easily run into the low to mid six figures. There are other industries, however, where you can start a franchise for little more than the cost of the franchise fee.

Some examples of profitable franchise models with low start-up costs include senior care and cleaning. With these two businesses, the services are provided at the client’s location, so there is no need for a large space. In the case of cleaning, you will need to purchase some equipment, and both businesses will require employees if you plan to expand. But still, the costs to get started can be well under $100,000.

One business that can be operated out of a home office is a sales-based franchise. With this business, all it will cost you is the franchise fee and a computer, phone, and office supplies. This franchise model is best for those who have a sales background and are comfortable selling essential services to C-level executives. For the right person, however, the cost of owning a franchise that is sales-based is surprisingly low, with no need to hire employees and a realistic six-figure annual earning potential.

Ongoing Fees for Owning a Franchise

In addition to the costs of operating your business, most (though not all) franchise brands require ongoing royalties for representing them, as well as annual renewals, or a combination of the two. Many franchisees see this as a positive because it maintains the franchisor’s interest in their success.

Look at is this way. If you paid a franchise brand a one-time fee for starting up and never had to pay them again, how long do you think they would provide ongoing support? Maybe for a year or two, but after that, if you were not profitable they would not put much more into it. By paying the franchisor a percentage of sales and/or an annual renewal fee, the company’s success is more closely tied to yours.

Other Fees for Franchise Ownership

Aside from the initial start-up capital required to use the name and the ongoing fees to keep using the name, there are a few other fees to keep in mind. Depending on the specific franchisor, you will receive ongoing services that they provide to their network of franchisees which require additional payments. The best example of this is advertising costs. Some companies require their franchisees to chip in a percentage of their sales for a coop advertising campaign. This is particularly common in the fast food industry. For instance, in most medium to large-sized metro areas, you will typically see McDonalds billboards all over town. These billboards were most likely financed by the local McDonalds franchisees.

Another common ongoing cost of owning a franchise is employee education and training. When you hire new employees, the franchisor may want them all trained the same way, so they understand what the brand is all about and what is expected of them as a brand representative. As a franchisee, you will be expected to, at a minimum, take care of the travel expenses for your employees to go to and from training sessions and other events. You may also be asked to pay something for each employee you send. As always, these fees will depend on the specific franchisor you have partnered with.

Franchising can be win-win situation for all parties involved if you do your homework and fully understand what you are getting into. Though there are costs involved with owning a franchise, you also get an established brand to represent, a business plan, extensive training, and ongoing support and marketing assistance in return.

There are many variables in deciding if franchising is right for you, and which franchise brand you should partner with. Of course, the costs of owning the franchise are among the biggest. Find out what the franchise fees are and how much you can expect to invest to get the business off the ground. Another strong consideration is your background, interests, and skillset. For example, if you can’t stand being around kids or animals, it is highly likely that a children’s or pet care franchise is not for you.

Finding a suitable franchise brand for your unique talents and passions can be one of the most challenging aspects of the process. You can speak with several individual franchisors, but this is very time-consuming, and you will not always receive the most objective information from representatives of a specific brand. A better approach may be to work with a franchise consultant who can assist you with your search.

 

National Franchise Business SolutionsAt National Franchise Business Solutions, we provide free, unlimited franchise consulting. Our approach is laid back, and we will never pressure you into a business you are not ready to get involved with. We have access to over 600 franchise brands across a wide range of industries, and through a multi-step approach, we work with you to narrow your search and match you with franchisors that would be the best fit for your passion, skills, and budget. There is never a charge for our services, and your franchise fee is the same whether you work with us or directly with the franchisor representative.

 

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Cheapest Businesses to Start in the New Economy

Cheap Businesses to StartWhat is the cheapest business to start that does not require a lot of hard skills? There are many businesses for young adults that they can start with a low investment, and there are also businesses that work well in small towns and for stay-at-home moms.

As an entrepreneur, you have two main avenues to explore: profit or innovation. If you start with innovation and you’re engaged in the Silicon Valley/start-up world, this is the riskier of the two, because a ground-breaking app/invention could become a complete flop due to low consumer interest, rapid obsolescence, or other factors. On the other hand, it could become another Groupon or Uber and turn you into a billionaire.

If you’re looking for a proven business model that will be profitable, you likely won’t end up a billionaire, but you could become a millionaire in as little as a few years. The best way to move in that direction is by starting a small business that services the community in some way, and eventually branching out by hiring other people and/or eventually buying out a competitor and becoming a larger player in your industry. If you want to become your own boss but you have a low investment to start with, there are countless lucrative small business opportunities, and the business you start will depend largely on the economic conditions and other factors in your local area or target market.

With the three example businesses listed in this post, you will only need between a couple hundred dollars and a few thousand dollars in start-up capital. You also don’t need a lot of expertise, and you can learn most everything you need to know about operating the business from the internet. You do need to get a little creative in attracting the right clients, and of course, like with any business, be ready to work hard and pound the pavement, especially during the early months of operation.

These three businesses are relatively low-risk, because these services are in high demand, and will likely continue that way for the foreseeable future. Two of them are in-person businesses that serve your local community, meaning there are a limited number of people that could provide these services where you live. The last of the three is internet-based and can be operated from anywhere and marketed to anyone in the world.  

So without further ado, here are three cheap businesses that just about anyone can start and make money with in the new economy:

Dog Walking Business

Dog Walking BusinessThis can be extended to pet care in general, but dog walking is the most popular variant. Essentially, you take a number of dogs for walks and charge customers by the hour for your services. The hourly fee is higher in wealthier communities, but this service is in-demand everywhere. Many people don’t have time to walk their dogs and they’d rather pay a small hourly fee or a weekly/monthly fee depending on how flexible your rates are. You can start by walking a few dogs for people you know, build up a reputation, then acquire more clients. When you start gathering a lot of clients, consider hiring employees and opening a storefront in your area to promote your services.

There is zero start-up capital required aside from a website and marketing. And in fact, you really don’t even need a website for this type of business – you can get started by placing ads for free on sites like Craigslist. If you want to ramp your business up and beat out competitors in your area, you can market your services fairly cheaply using Facebook advertising. Just set up a Facebook business page, put out an occasional post promoting your services, then boost the post to be seen by dog owners in only the zip codes you target.

Facebook actually has an algorithm that scans for pets in people’s images and immediately identifies dog owners. This way, when you publish an ad and you select “dog owner in [x] city” you can directly market to dog owners in your area.

Obviously, you could expand this by offering care for different pets (you’re not just restricted to dogs), special prices/discounts, dog treats/packages and more. You can get ideas from services like Bark Box. It’s basically a box that contains a few treats/toys for the pet and people pay them $20 a month to deliver a single treat box. You can create packages like that and sell them to your customers for extra income.

Dog walking is among the simplest and cheapest businesses to start that we could find. All you need is the ability to control the dog while on a leash without hurting the dog or allowing it to hurt others. You will need a business liability insurance policy to cover your activities as there is the chance of the dog escaping from the leash and doing damage. Other than that, there is not much else to it. You can run the business from a home office, and collect all your payments by credit card with a smartphone app like Square.

Lawn Care/Property Maintenance

Lawn CareThis requires a bit more expertise and start-up investment, but it’s still surprisingly easy to get started in the lawn care/property maintenance. You can start with simple services such as grass cutting. The only investment/start-up cost here is a lawn mower, and if you are really short of cash, you can get a second-hand lawn mower in top condition for a few hundred dollars. Of course, if you have the money, it is probably best to get a new mower, but you can even get a brand-new model for around $500.

You can start by charging a flat fee for the whole property, or you can charge by the hour if you service people with large properties in rural communities. Why not become the #1 property maintenance business in your community? This doesn’t end at simple grass cutting work, because there is seasonal work for property maintenance such as spring/summer seasonal yard cleanups and snow removal services in the winter. You could also do tree care or even branch out to cleaning cars, which would set you apart from most other lawn care businesses in the area.

Cleaning cars can be a lucrative business in and of itself. All you need is a pressure washer that costs somewhere between $100-200. They can remove hard stains, and most of them work on simple water, which means you don’t have to purchase gas and chemicals for the job.

How do you find customers for property maintenance? The same way you do with dog walking – on Facebook. Facebook allows you to do micro-targeted marketing to ensure you are reaching the right demographic. Just send these folks good content about your service offerings and you’ll have clients in no time. If you don’t have the funds to do Facebook advertising, Craigslist works fairly well for landscaping services, and you can also try Takl, a newer and increasingly popular home services app.

Social Media Expert

Social Media BusinessThis is among the cheapest businesses to start, especially for those who are tech savvy and enjoy being on social media already. Most businesses have an online presence, but some don’t have the time to promote their products/services on all the popular social media outlets. If you can help your local grocery store or plumbing business get online for example, you can charge them a flat fee for the initial work and monthly fees for updates/maintenance. You only need to manage a dozen or so businesses in your area to turn this into a full-time endeavor.

If you can combine social media management with search engine optimization (SEO) services and/or services such as Facebook ad management (that benefit your clients directly), this can turn into a very lucrative business for you. The main advantage here is you don’t have to spend any money on an office or equipment – the business is totally digital and can be run right out of your home. You can also do this from anywhere there is an internet connection. And although you can market your services to anyone in the world, you will likely experience better results if you provide social media and related digital services to businesses in your local area.

These are just a few of the cheapest businesses to start in the new economy. There are numerous others across a wide range of industries, and as the economy picks up steam, there will be more emerging business models that can be started for next to nothing in the years to come. When you are able to start a business cheap, the risk is lower, and the upside potential is greatest. So if you are on a limited budget, this is definitely a good route to explore.

If you have more start-up capital and want a more concrete business plan, you may want to consider a franchise business. Starting a franchise provides several advantages; such as the ability to partner with an established brand, a proven business model that has been tried and tested, and unmatched support from the franchisor. The challenge with franchising is finding the right business to give you the best chance of success.

At National Franchise Business Solutions, we have access to over 600 franchise brands across a wide range of industries. There are traditional options such as fast food, which are more expensive because of the cost of building a restaurant, inventory, etc. There are also emerging industries such as senior care and sales-based franchises where the startup costs are much lower, and the profit potential remains strong.

NFBS provides free, unlimited franchise consulting, and through a unique multi-step process, we work closely with aspiring entrepreneurs to match them with the business opportunity that best suits their passion, skills, and budget.

 

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Important Considerations when Starting a Business from Home

Home-Based BusinessHow do you start a home-based business? And is there a way to start a business from home that isn’t an online business, but an actual business that deals with customers in real life? You’ll find the answer in this article.

There are many home-based businesses that you can start if you have a bit of space to convert into a shop, and you don’t a lot of start-up capital to do it. If you have more money to invest, this is going to be easier, but you can generally start a home-based business on as little as a four-figure investment. Later on, we’ll get into just a few home business ideas that will help you generate income for your family, allow you to spend more time together, and provide a work/learning opportunity for your children.

What better way to run a business than to get your loved ones to contribute and help out? Family businesses can be fun, because you can spend time together and you can generally trust a family member to handle your money a lot more than an employee. There’s a common misconception that the family should be kept separate from business, and in some families, that might be true. However, if you have a good relationship with your spouse, children, and other family members, a home-based family business can be a great blessing, because it can become a legacy that is passed down to subsequent generations.  

Most large corporations in the U.S. started out as family businesses. One of the best examples of this is Walmart. Even something as simple as a family bakery could turn into a billion-dollar enterprise if you come up with a unique and tasty recipe that everyone loves and you’re able to build a unique brand around your product. Little Caesar’s started as a small family-owned pizzeria in Detroit and is now one of the largest pizza franchises in the country. There is no reason this cannot happen for your family business too.

How Much $ Do I Need to Start a Business from Home?

E2 VisasThis will depend on whether you’re starting a business from scratch or franchising. If you decide to start your own business from scratch, you’ll have to take care of costs such as store/office space rental, bills and materials you need to create the product. If you have a lot of room in your house or you already live in a convenient location, this will instantly reduce the start-up costs required. Real estate is your biggest concern when you’re opening a business that serves the public, so depending on your location and available space in your home, the start-up costs can range from a couple thousand to $20,000 or more if you need to renovate your home or purchase land.

If you choose the franchise route, there will be fees involved to affiliate with an established brand. Franchise fees for home-based businesses can be as little as $10,000 and as high as $50,000 or more. But in return, you are receiving a proven business model, comprehensive business plan, and extensive support. For someone who needs more guidance and direction when they are just starting out, these factors can often be the difference in ensuring that the business is successful.

There are numerous businesses you can start from home. We are going to highlight three home-based businesses that other entrepreneurs have done well with in recent years.

Accommodation Business

Accommodation Business The first two businesses are accommodation/travel related because they require a low level of skill and relatively small investment to get started. On the flip side, there is generally more work required to steer the business to profitability. The first business to look at is a Hostel/Bed and Breakfast. You can charge between $50-100/night for a room, and this doubles or triples if you live in an area with limited accommodation. You can also make more money by renting equipment to visitors or offering specials like excursions, animal-related activities or something like shooting sessions. Even people in rural areas can make money this way because Airbnb makes it easy to popularize your farm or ranch. You no longer have to spend tens of thousands of dollars to start a hotel when you can clean up a few rooms in your house and start renting them out. The only downside is that there might be extra taxes or requirements based on your state laws, but this is still one of the easiest businesses to start from home.

If you have a lot of land, you can build a separate house to accommodate tourists on your property – there are many popular ranches using this model that are booked year-round and offer activities for traveling families. If you can create a unique experience for visitors, they will be willing to pay for it. All you’d have to do for marketing is create a brochure that showcases what you have to offer, get a GoPro/drone to shoot promo videos, and spend a few thousand dollars on YouTube/Facebook advertising to engage people in your state. This is a fairly straightforward business model that requires a minimal investment, and the only work you have to do is replace some sheets/clean up after guests when they leave. It’s also a great family business because it allows you to spend time with the family and you don’t have to create products – you only have to make your mini-hotel popular.

Tour Guide Business

Tour Guide BusinessThis is a unique business for young adults who don’t have their own property/accommodation space but enjoy spending time outdoors and know how to get around their city better than most. If you live in a city like D.C., you literally have access to millions of tourists every year. And if you can only get a few hundred of them to pay for a tour, you can make a full-time living showing people important sights in your city. For marketing, all you need to do is record a segment of your tour and use it as a promo. You can make your tours different by showing unique aspects of everyday life in your city and not just explaining tourist attractions – people are intrigued by details like that.

You can also offer unique tours by showing where the elites live – this is not just for Hollywood. For instance, you could create a tour of areas where the political elites of D.C. live. You could offer unique Wall Street tours in Manhattan or art tours in Williamsburg. Create a unique tour of your area, set up a website where you explain the tour/fees, and start promoting it to travelers. There is a separate section on Facebook advertising that can market to people who recently landed in your city. This is very practical for tour guides or people selling tickets to tourists because you can market to them while they’re traveling.

Handyman Business

Handyman BusinessIf you have a certain skill as a builder or you just enjoy doing home projects and you’re good at it, you can start a business from home as a handyman. For instance, if you’re a certified electrician or plumber who is employed in a full-time job, you could also start your home-based handyman business and service homes in your community.

This is similar to consulting in that you can charge clients by the hour and you have a marketable skill that is always in demand. If you start from scratch, you only have to spend a little bit of money to set up a website and make your business known through sites like Craigslist and Takl. If you have a little more money to invest, you may choose to affiliate with a handyman franchise brand. By going the franchise route, you can accelerate your growth and build a profitable business in a relatively short period of time.

 

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What are the Best Businesses to Start In 2018 from Home?

Best Businesses to Start in 2018 from HomeThe U.S. economy is soaring. The Small Business Optimism Index is at or near an all-time high, and numerous organizations are handing out bonuses, raising their minimum wage, or both since the President signed tax reform into law last month. With the economy taking off, now is a great time to start a business, and one of the most affordable ways to get started is with a business you can operate from a home office. So many entrepreneurs ask “what are some of the best businesses to start in 2018 from home”?

If you’re looking for the best business to start in 2018 from a home office, there are many options to explore. While we cannot tell you about every one of them, we have put together a list of several that have been trending upward and provide a strong opportunity for success in the coming year and beyond. The businesses on the list can all be operated out of a home office with a relatively low investment. If you have more capital to put into it and want a more solid business plan and a company to support you, you may want to consider a franchise business opportunity.

Selling Photography Online

Most photographers work as freelance journalists for news agencies and/or they make their money on wedding/event-based photography. However, there’s an entire niche for photographers who create photos/images that they sell on the internet by licensing them to businesses in need. If you take creative pictures, you own 100% of the copyright, and you can charge a license fee for them online. With millions of websites out there and countless new sites started every day, there will always be a demand for unique images.  

Online photography can be started on a fairly low investment because you will only have to purchase the camera equipment. There are many stock photo libraries online that allow you to sign up for free, upload your images and start licensing them. These libraries receive thousands of visitors each day who are on the lookout for specific types of photos that they later upload on their websites or publish in magazines. If you sell just a couple of photos every day, you could make a nice living even with a basic camera. You could also reinvest some of your profits into your own website and sell directly from there as well.

Design Specialist

Notice how we don’t call this “artist” because design work is so broad that you can specialize in many sub-niches of the art and graphics industry. For instance, you could specialize in creating ad banners for marketers. If you know how to design creative images, your value as an artist will double or quadruple if you specialize. You can start with web page designs, banners, ads of different kinds, logos, etc. Virtually every website image was developed by a designer, so you can see how vast this market is.  

There are many internet marketing forums where you can sell design services to marketers in need and you can also find work on freelance websites. The most important qualifier here is your portfolio – not your education or experience. People want to get the best graphics and they will hire a specialist when they need an image. Specialize in the images that are in high demand, and you will never lack for business.

Ghostwriting Business

If you love to write, there are boundless opportunities to provide content for businesses – both for their online and offline marketing materials. Businesses need content for websites, blogs, direct response sales letters, white papers, email sequences, and countless others. You can also ghostwrite books for professionals who don’t have the time or ability to write a book themselves. With the advent of eBooks and the ability to easily self-publish through Amazon Kindle and its sister company CreateSpace (for paperback books), virtually anybody can become a published author these days. Even me. The opportunity here is to help professionals raise their credibility in their field by authoring a book, or you could choose to become an author yourself. It’s not the easiest path to riches, but lots of self-published authors have developed six and seven-figure incomes through the Amazon Kindle platform.

Selling Art

This is actually a sub-section of graphics design, but it’s large enough that it deserves a separate mention. You’ve probably heard of websites such as DeviantArt, but maybe you never explored them. The difference here is that it’s for artists, while stock photo licensing is for photographers. If you draw a lot and you are comfortable with Photoshop or similar software, you could license your art to people on the internet. This is a very creative field and it can be very lucrative if you find the right clients. Websites such as Art.com and Etsy have large audiences that will give your work plenty of exposure and potential revenue.

Amazon/Ebay/Shopify Merchant

This is one of the best businesses to start from home in 2018, because online retail has been on the rise in recent years, and the growth has been especially strong on platforms like Shopify that provide fast shipping and can support dropshipping platforms. Amazon is the world’s largest retail platform, and you can sell your products on there too – Amazon is not just for large retailers, this is a common misconception people have because they are so big. eBay might be worth exploring if you know how to source physical products for low prices and then re-sell them to the right people.

To give you an idea of what you can sell online, start by looking at Alibaba (the largest manufacturer website) and check out the top sellers there. You can directly contact them to create your own variation of a physical product, and let them ship for you from the plant so you don’t have to store products in a warehouse yourself. This is called dropshipping, and it’s made easy with platforms such as Shopify. The only downside is to Shopify is they make payments and dropshipping difficult for people outside the U.S. and Canada.

Affiliate Marketing Business

If you’re not interested in creating your own products or dropshipping, there are many ready-made product and service providers who will give you a commission for every sale they make (or in some cases, for every lead you provide) from someone you referred to them. This is called affiliate marketing. There are literally millions of products and services both in the digital and offline worlds that have an affiliate program, so the possibilities here are unlimited.  

To get started, check out popular affiliate websites like Clickbank and Maxbounty and apply to become an affiliate. These and similar sites have lots of different merchants whose products or services you can promote. Be sure to do your due diligence before promoting any offer to ensure that it is legitimate. There are a lot of scam offers out there, and you do not want to be associated with any of them, so do your homework, read plenty of reviews, and make sure the product or service is one you will be proud to represent.

Coaching Business

Everyone needs help with something, and this is one part of human nature that is never going to change. Increasingly, people are willing to pay someone to help them start a business, overcome a problem, or just generally improve their life (i.e., “life coaching”). If you have a marketable skill and/or some type of life experience that can help others in a significant way, you can charge by the hour as a coach. The only downside to coaching is that you have to invest a lot of time into setting up your business and marketing your services to prospects. You can start by offering this service to family and friends for a highly discounted rate in exchange for an honest review. This will help you build your experience and testimonials faster, so you can market to prospects outside your circle of influence.

Tutoring Business

Why not earn money by teaching people about something you’re passionate about? This is similar to coaching, except that it is more along the lines of teaching a skill rather than motivating someone to deal with a life challenge. These days, you don’t even have to find students who pay you by the hour, you can simply record tutorials and sell them online through sites like Teachable and Udemy. For instance, if you look at some Apple Swift courses that are offered for app and software developers, you’ll notice most teachers there are regular programmers who record themselves coding with Camtasia studio and charge between $50-$100 for a copy of their course. Some course provides earn in excess of $100K+ per course per year, and all they had to do was spend a few days recording videos. If you can code or have a marketable skill, you can make money not only on your work but also by teaching your skills to others. On-demand tuturing is huge, and it is only going to get bigger in 2018 and beyond.  

Start a Business in 2018These are just a few of the best businesses to start in 2018 from home. Many of those mentioned here require some creative skills and the ability to market your services online. There are countless other lucrative business models out there, both online and offline. The best business for you to start will depend largely on your own passion, skills, budget, other specific factors such as how much time you have to put into it. 2018 is going to be a great year for business. Find your niche, get started, and cash in on the booming economy.

 

 

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Good Business Ideas that Require a Low Investment

Low Cost Business IdeasWhat are some good business ideas with a low investment? Can you really get started in a viable business with a small investment? Most of the Fortune 500 companies today were started on a low investment. In fact, if you start out small, you will be forced to put in the work necessary to build your business, rather than using money to solve your problems. Sometimes, having a lot of startup capital can give you an excuse to spend money on things that will not grow your business. But when you are on a budget, you tend to focus on the tasks that really matter.

I picked out a few good business ideas with a low investment – each is applicable to individuals of all ages, but some will require more specialized skills. The important thing that they have in common, however, is that they require little or no start-up capital.

Vehicle Modifying Shop

Car repair shops are great if you have that skillset, and there are automotive franchises you can get into if you have the money to invest. But if you are on a limited budget, there is money to be made in “pimp my ride” type creative shops that can enhance the appeal of a vehicle. If you like to tinker with cars, this business model could be a good fit. Modifications apply not only to cars, but to smaller vehicles as well, and even non-motorized vehicles such as bikes, rollerblades, skateboards, etc. If you specialize in one of these, you could become the premier modification shop in your community, and this could bring you a lot of revenue to branch out and become bigger.

Internet Retail/E-Commerce

Out of all great business ideas with a low investment, E-commerce is one of the most attractive, because it can be run entirely out of your home office. You will not need much to get started, just enough to set up your online store and run some Facebook promotional campaigns to kick-start your business. You don’t even need to start with paid advertising if you don’t have the capital; there are plenty of ways to promote your E-commerce site for free.

If you have valuables to sell or you have a unique drop-ship method to sell a certain product at a higher markup than the market average, selling your product online can be very lucrative. You could start with a simple eBay or Shopify store and connect it to a payment processor and get paid whenever you make a sale. You can sell items like clothing, pet treats/food, comics, vintage tapes, and sports equipment. There are many “niches” to explore – for instance, rare coins for collectors.

Ice Block Making

Okay, I know what you’re thinking – ice block making? Really? True, this business is seasonal and would definitely work better if you live in a warmer climate such as Florida. That said, this is an interesting small business idea, especially for young adults and teenagers who want to gain business experience with no start-up investment. The only requirement for starting an ice block selling business is to purchase a machine that will make the ice and find a small space to set up shop. Your garage should do just fine, but make sure to check your local laws to ensure you are not in violation of any commercial zoning codes. For the right person in the right climate, this is one of the cheapest and easiest business ideas with a low investment.

Photography

Photography is a great low investment business idea for those with a passion for pictures. All you need to get started is some quality camera equipment, which these days, you can probably obtain for around $1000 or so. If you can niche yourself out and provide services that are not generic – such as wedding photography, you’ll be able to charge higher rates because you specialize in weddings exclusively. You’re also not restricted to working within your community because you could sell your work on photography websites such as iStock and Getty Images where people purchase professional images.

There is also the possibility to offer a range of graphic design services for weddings and other events, such as invitation cards, greeting cards, Christmas cards, etc. These usually thrive during Christmas season, Easter and Valentine’s Day but they’re also in-demand for birthdays year-round. If you can offer special bundle packages and better prices than your competitors, this can be a very profitable business model.

There are countless good business ideas that require a low investment and can produce an extra income fairly quickly. With most of these types of businesses, you will need more hustle in the beginning to make up for the small investment. Once you have cash flow, however, you can reinvest some of it and quickly expand your services.

If you have some cash to start with, or you can obtain cash from a family member, friend, or financier, another potential route is to consider a low-cost franchise opportunity. There are several franchises that require less than $50,000, or even less than $25,000 to get started. This allows you to get the benefits of an established franchise brand and proven business model, without the high costs typically associated with industries such as fast food.

 

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