Who Wants To Know About High Profit Low Cost Business Ideas?

Low cost business ideas are fun to find. Once you find your ideal idea you know you’re in for a quick turnaround of profit in your first year in some cases, and in others even on your first day of business!

Who wants to know about high profit low cost business ideas? We all do! I have chosen 5 core areas I believe are high potential businesses with a history of long-term sustainability, healthy growth and demand, and can be started with a low budget in many cases.

The 5 low cost business ideas I have chosen are in Jewelry, Arts & Crafts, Interior Designing, Manufacturer and Wholesale products, and SME Bookkeeping. Lets get started.

Jewelry Seller

Think you can run your very own dream jewelry business? We all know that our the love for gold and silver, and for precious stones like diamonds, rubies, and sapphires, is so age old this trade is going to last as long as there is romance on this planet of ours. You can bet your enchiladas the jewelry business is here to stay and to service that love!

While this business may sound expensive to run, you can start small by spending only a few hundred dollars in carefully selecting your merchandise at good wholesale prices.

I have a client who works for a telecommunication company who also runs a part-time jewelry business on the side. She buys pieces she adores and only from a couple of trusted gems and jewelry wholesale suppliers and on sells her merchandise to her clients. You can easily Google for these wholesalers in your local area.

Buy only from certified suppliers who can give you assurance you are buying the genuine article. Once you find reliable suppliers, stick with those. My client runs her business without a fixed shop by promoting her business to bridal shows and to expos that women and couples attend, women organizations, business owners, company executives, and at the local chamber of commerce. She does well. She also sells her more unique merchandise at high markups to other jewelry stores.

Make sure you buy pieces that have that ‘sellable’ factor, the ones that have classic designs at very competitive prices. Try to stay away from abstract designs when you start out, unless you want to specialize in certain types of looks and make.

If you are going to set up shop try checking out these ideal spots:

  • Shop in a busy mall
  • Busy city areas
  • Tourist hot spots and resorts
  • Uptown hotels
  • Your own online store
  • eBay
  • Bridal shows
  • High fashion zones

One great piece of advice she gave me was to make sure the collection you buy has an interesting mix of gems that are already set, gold and silver pieces, and an array of loose gem stones. You will need classy looking velvet boxes and pouches, and black velvet mats to place your merchandise to showcase to the customer.

One thing about this business is that it will never be without an audience of interested or potential buyers.

Interior Designer and Consultant

An interior designer usually ‘discovers’ his or her own unique decorating flair early in life. If you have a natural passion and talent for decorating and designing interiors, this might be a great business to let loose your designing skills and be paid well for it!

The reason why I feel this is potentially a very good business idea is from a recent personal experience I had. My wife and I hired a decorator and for around $400 she helped us with some needed renovation ideas. She came to our house and gave us the best 3 hours in home decorating tips and ideas. For us, it was well worth the money we spent which wasn’t that much in the scheme of things. In fact she’s been back several times to drop off a few more research she did on what we had asked her about. We got a new lease of inspiration for our home that we couldn’t have achieved ourselves and she got our life long recommendation.

By the way, we were referred to her when we were looking at color schemes at our local paint shop. So go and make sure you network at places that spins off from what you do such as the paint shop, the hardware store, the curtain place, the local real estate office and so on. You get the idea.

There will be so many situations and places that will require a service like this if you stop to think about it. Here are some you can start your list on:

  • Businesses with reception areas
  • Practices such as doctor’s waiting rooms
  • Private residences that are going through renovation
  • Government offices
  • Luxury boats and yachts
  • Commercial premises
  • Factory offices
  • Portables such as classrooms and temporary offices
  • Tired-looking business establishments
  • Businesses that have just moved in

It would help your business success greatly if you have evidence of experience, testimonials and perhaps a relevant qualification. A nice website would be advisable to showcase your work.

Arts & Crafts Market Business

Ah this is an evergreen. No matter how futuristic life gets we will always need the works of interesting arts, paintings, and hand-made crafts to bring that touch of life and joy into a place.

This is another lucrative business idea and it can be started with a few hundred dollars for products and material. By observing the constant announcements of art shows, craft fairs and market days held in streets, shop fronts, galleries and open car park spaces across the country and in every suburb you can tell this is one thriving industry.

If you are good at creating something that people have said they’d give you money for, the arts and craft business might be a business to consider seriously and get paid for what you love doing. If so, here are some things you can do to get a feel of the potential before you start out:

  • Check out a few arts and craft shows and markets yourself
  • Get a feel of how you might run your business
  • Investigate the various costs to hiring a booth or a stand
  • Factor in transport costs, packaging, and signage
  • Apply for a credit card machine
  • Get a permit if required
  • Call your local council and make some enquiries
  • Learn some good customer service techniques

If it is convenient to do so (I don’t see many operators do this) try to collect contact details of your customers to build a dedicated mailing list. This is going to come in handy to make your business hum with profitability.

By building a list you can offer your customers a periodical arts newsletter and use it to announce where and when your next show or stand will be at and the specials you are going to offer. The more you interact with your list, the stronger the loyalty you will earn. Your list will eventually be worth a lot of more money than you imagined. Start by collecting email addresses and or telephone numbers of your customers and from enquiries you get.

Do the above and pretty soon you will have more people than you can manage!

Independent Sales Rep For A Manufacturer/Wholesaler

This idea may sound like a job, but its not. Yes, there are sales reps that are employed by companies to represent them but there are many manufacturers and suppliers who prefer independent sales reps who can sell for them, all at a cut of the sales or for an agreed sum. This can be a quick-earn business that you can get up and running in no time.

You can source for products to sell by visiting trade expos, industry showings, to the manufacturers themselves. Choose the kind of products you want to sell. Do your research. Find out what the market wants. Use good old Google to find a good list of manufacturers and product suppliers you can contact. They would love to hear from you. If you can prove your ability and experience they would love to load you up with goodies.

You are not tied to a fixed schedule or territory, however this might depend of the needs and demands and the specific arrangements both parties agree on.

Try to start with products you can physically transport and showcase. Although this is not necessarily always the case with every manufacturer, sometimes you can sell large machineries and equipment that normally are just not possible to access or carry. Your customers are already used to seeing these ‘heavy’ products via brochures and video presentations.

As you can see, this is a business you can start as quickly as you find a supplier who will agree for you to rep for them. If you get a hold of a product that enjoys high demand you can be turning a profit on your first sale.

Your market is dual, you can sell direct to businesses or the end user retail consumer, depending on what you are selling.

Bookkeeping Services to SMEs

If you are meticulous about balancing the account, and numbers bring a smile to your face, then you were made for this business!

Ask anyone at a party or your local businesses, chances are that they will tell you that their accounts are in a mess or that they dread pulling out their financial statements to fix them. That’s where you come in!

Here are some of the key issues that businesses and business owners suffer from that make the bookkeeping service such an attractive proposition for the right person:

  • They are just too busy to do their books
  • They dread ‘doing the numbers’
  • They feel inadequate to do so
  • They are not happy with their current bookkeeper
  • They struggle with keeping up to date with the ever-changing accounting laws

Depending on the depth and breath of what you offer you can charge anywhere from around $20 to $70 an hour and packaged deals or fixed fees for more specialized preparation of financial and tax statements.

Here are some things to consider before you start:

  • Your qualification to be a bookkeeper
  • Public liability and professional indemnity insurances
  • Permits
  • An office or office area
  • Telephone to contact businesses
  • Stationary with letterhead and business cards
  • Computer and or laptop
  • Bookkeeping software program
  • Scanner and fax
  • Back up hard drive
  • Filing cabinets
  • Marketing budget to promote your business
  • An optional answering service

While its nice to hold a double degree in math, nowadays SME operators just want a good bookkeeper who can spot the numbers and provide accurate and great looking balanced monthly statements.

Most business owners and individuals require some kind of bookkeeping help and advice, and many can’t afford to keep a full time bookkeeper. The idea of an off-site on-demand bookkeeping service is great news for businesses and for individuals. It’s a boom industry for anyone who can deliver on-time accurate bookkeeping management.

In summary

I hope you’ve enjoyed my 5 low cost business ideas in Jewelry, Arts & Crafts, Interior Designing, Manufacturer and Wholesale products, and SME Bookkeeping. These were chosen for their potential to turn a profit quickly. However, its advisable that you seek guidance from a professional before embarking on any of the ideas listed here.

In closing let me list a few more low cost business ideas for you to investigate. I feel these have unique market potential and long term business growth:

  • Wellness & Diet Personal Instructor
  • Gift and Fruit Basket Business
  • Health Snacks Vending Machine Business
  • Resume and Covering Letter services
  • Residential and Commercial Cleaning Business
  • Beauty and Hair Supply Business
  • T-Shirt With Unusual Taglines business
  • Outdoor Furniture For Children Business
  • Garden and Organic Lawn Care Business
  • Band Promoter & Scout
  • Mobile Hairdresser Service
  • Private Home Tutoring Service

There’s nothing like finding your own low cost business idea that can turn a profit in your first year! Be independent. Go for it.

Exceptional Nightclub Interior Design

Night clubs are a really prosperous business. However, not every single nightclub proprietor will be definitely creating a massive amount of money. Particularly those who have a bad or not so good nightclub interior design may incur losses too. It is crucial to provide a great experience to the visitors of the night club. For a long-lasting business and a great word of mouth reputation, an excellent nightclub interior design is very essential. It may incorporate good interiors, furnishings, sound to lighting systems, DMX controllers, DJs, etc. Particularly, the sound and lighting system in the nightclub interior design should be really appealing and create an enjoyable experience to the visitors of the club.

As nightclub interior layout is a one-time affair for a fantastic business to follow, every single care should be taken to get the greatest one. There exist some companies that offer exceptional nightclub interior for the modern nightclubs. Be it simply a bar, disco or a club, the interior design should be carried out by professionals to guarantee repeat business from the customers. One should pick the proper company that has good knowledge and expertise. Each and every element like the colour of the lights to be applied, their form, place of the DJ console, furnishings, and so forth, have to be considered and planned for the nightclub interior design.

Once it comes to designing a nightclub, disco, bar, pub, etc., cost shouldn’t be a concern. It is due to the fact once the most appealing interior design is done, it may bring on big income streams for minimum the next few years. The thrill of the patrons of the night club not just gives repeat business from them but also makes them refer the club to their friends. The light and sound produce the atmosphere and thrill to the visitors and makes them get immersed in the party mood.

Apart from light and sound effects, the artwork and other designs on display on the walls and ceiling are an essential component of nightclub interior design. LED disco panels can be used on the walls and connected to the sound system. These LED panels are also available in different styles like bubbles, tubes etc., that can be used in the nightclub. The designs on the ceiling can also be illuminated with lights and connected to the sound system. Check out some websites on internet for the most extraordinary interior ideas and concepts.

Interior Designers: Designing The Way Into A New Era

Some of the topics I write about work well mixed with a little humor or sarcasm. Some, like the one I’m writing about today, are best left as they are. This is written for designers who are feeling a little discouraged with the economy. There is hope. We are designers. We make a living out of turning nothing into something. We can make a difference.

If there’s one trend that I’ve noticed over the past few years it’s the concept that the good times are gone. People are complaining about jobs, taxes, gas prices, loss of home values, etc. It’s become a national pastime to find something wrong with everything. Just listening to people who complain all the time can put otherwise happy people in a poor mood and it propagates the whole situation. It’s contagious. Those things do exist and of course, it’s a concern to everyone. What most of us forget when things get rough are the opportunities that present themselves. It’s during these times when creative minds have a little more time to think, they think harder than ever and as a result, we usually end up better in the long run. Remember the late 70’s and early 80’s? A global recession was going on, mortgage rates were at 18%, but it was also a great time of inventions. MS-DOS(Microsoft Software), Cell phones, the Hepatitis B vaccine, the IBM-PC computer, CD-ROM, Apple Mac, Sony Walkman, MRI’s, and of course, Prozac to name just a few. Apparently, not everyone was sitting around relishing in their misery.

In the past, most designers in my area relied heavily on new home sales. South Florida was in a building boom for many years and designers rode that gravy train to the last station. Clients were spending like there was no tomorrow, some of them as if they were posting their W-2 forms on their front door. It was a great time for everyone. Many designers took for granted that another big job was always around the corner and lived like celebrities, spending every dime they made. Unfortunately, many of those same people, and now some of the biggest retailers in Florida have been forced to close up due to the economy. It’s a sad story that’s being played out over and over. But fortunately, this will not be the end of the story.

The late famous designer, Jay Spector, always had a positive outlook on life and business. He used to say “The time to take the cookies is when they pass the plate.” In other words, when opportunity comes your way, grab it. And while the economy appears to be in the toilet to most people, it is creating opportunities for those who have the ability to adapt to the business of the future. It’s a time to slow down, put a little more thought into what we do and make sure we are giving our clients the best possible design.

A good example of one of the opportunities is that while new home sales are at a halt, more and more people are deciding to stay in their current home for the next several years. In doing so, many of them will be doing renovations and additions to make their homes more comfortable. They are realizing it’s cheaper to do this than buy a new home and pay the higher property taxes or sell their home at a loss. These projects may be a little more work for the designer, and a little less profitable, but it’s a great opportunity to add new clients to their portfolio. Who knows what lies in store for the future with these new clients? It’s an opportunity for a whole new market of design clients. It’s also a great time for clients to save money as many vendors and workrooms have lowered their pricing in order to survive.

Another positive result of the economy is that many people need to sell their homes and the competition is brutal. The market for staging firms is increasing dramatically. It may only cost a small amount to stage your home professionally but for most homes, it will increase its marketability and value. This may be especially true for the condo market where several identical units may be competing for the same buyer. Don’t kid yourself into thinking that all buyers are just looking for the cheapest price. If they are from out of town, they may want something that is already done rather than deal with the headaches of construction or decorating a new home via long distance. Even in this economy, there are people who will pay the price for convenience and good taste.

The economy has also misplaced a lot of homeowners into rental properties. Some of them will stay in the rental market for some time while they are rebuilding their credit and savings accounts. For those with families and careers, a rental home does not mean living like a college student. They still want the same comforts of a home to raise their family. Some of these new clients are renting luxury properties. These customers may not be looking to make lifetime investments so for those designers who have well-priced resources and ideas, this is a whole new market. Creativity is what will count with these customers. And creativity will require more than just giving them the first thing that pops into your head so you can get the job done quickly. Sometimes the best ideas come after your first ideas.

Case in point: When I was in college, I had a very gifted design instructor. He got his Masters from Pratt Institute and owned his own design firm while also teaching at the University level. He was no stranger to hard work. He had what I thought at the time, was a cruel concept for getting us to rise above what we thought we were capable of. During our fifth year, he would assign actual design projects that had been given to the University by local private and public businesses. The class size was small and was extremely competitive at that level because it was the final year of what was then a prototype design program. Most students had left the program a year earlier with their bachelor’s degree. Only a handful continued on for the extra year. Anyway, a couple weeks after getting our assigned projects, he had us put up our design concepts for the entire class to critique. Some of the student’s designs were, to put it simply, outstanding. At the end of all the critiques, including the instructor’s, he took them down, thanked everyone for their hard work and creative efforts and then threw them in the trash! To say we were stunned is an understatement. Hours and hours of work in the garbage. We sat there dumbfounded. Then he made his point. “Now that all of you got that obvious crap out of your head, let’s move on to the good stuff.” His belief was that your first idea is never your best. Knowing that you couldn’t go back to that design concept forced you to think beyond and come up with a new one. He was no less than a genius. The final design projects that came out of that class were award worthy. I still find myself looking for that better idea on every project.

The economy has had an effect on everyone, not just the design business. I strongly suspect that it’s one of the driving factors why contemporary furnishings have made a strong comeback over the past few years. People may be wanting something fresh, something less complicated and heavy. It’s not unlike during the depression, the most glamorous decade of the American century. It was the zenith of an era of unbridled, unapologetic and authentic luxury. While our economy was at it’s worst, people were finding comfort by throwing the most lavish parties our country had ever seen.

The times we live in are a challenge for most everyone to some degree. But then again, life is a challenge. It’s like one big fat puzzle…we just need to figure it out one piece at a time and to find a way of enjoying it during the process.

Interior Designers – Finding The Right One For You

You do not have to be rich to hire an interior designer. In fact, professional advice can stretch your budget and help you avoid mistakes, saving money in the long run. Let a designer find just what you need – or did not know you needed – to bring your dream home to life.

Skilled interior designers can help add the finishing touches to a new home. They offer a great deal of expertise in arranging furnishings to maximize how well rooms “work.” They know how to use colour, texture, and pattern to make spaces aesthetically interesting and beautiful. They are also great resources, with access to “to-the-trade-only” suppliers of that special piece of furniture, that perfect accessory, or that unique bolt of fabric that no one else can find. A good interior designer knows how to locate wonderful artisans who can create special pieces that make your home uniquely yours.

Preliminaries

Before contacting an interior designer, take some time to think about what you want and what you need. The first step in this process is to consider some questions that an interior designer will ask regarding your project:

* For whom is the space being designed?

* What activities will take place there?

* How long do you plan to occupy the space?

* What is your time frame?

* What is your budget?

* Are you relocating or remodeling?

* What image do you want to project?

* What is the size and scope of the project (is it a complete or partial room make-over or indeed a whole property)?

If you are feeling overwhelmed, do not worry. Your interior designer will lead you through the design process. Keep in mind the more information you provide, the more successful your designer will be in meeting your needs and expectations. You may want to reference other visual images (photos, postcards, corporate logos, magazine photographs) or environments that reflect your aesthetic and functional criteria.

Do you want a designer only to produce a design for you so that you can undertake the implementation or do you want a designer who is able to deliver and project manage everything?

Also why not ask your friends who might have used a designer for their recommendations. Even better visit your friend’s home to see the result of the designer’s work.

Short list

The second step is to interview designers. Interview several designers to become familiar with differences in personality, style and business methods. Take this opportunity to acquaint the designer with your project ideas. Keep in mind you will be working closely with the designer and you will want someone that you feel will make the right choices according to your specifications and will listen to your ideas and concerns. Ask to see the designer’s portfolio and request a list of relevant experience and client references. During an interview, you may want to:

* Ask about other services the designer can provide and what can be done to help you optimise your understanding of the cost of the project.

* Discuss project duration or deadlines and what the designer’s availability is for taking on the project within the desired timetable.

* Establish parameters for updates and on-going communication between you and the interior designer.

* Discuss the designer’s fee structure. Many designers derive a portion of their incomes by adding their own profit margins to high-end furnishings, materials, and accessories that they purchase on their clients’ behalf. This is well accepted as standard practice but does not necessarily mean that the goods are any more expensive than if you bought them in a shop.

* Inquire about the designer’s education, training, experience, professional affiliations and other credentials such as client references.

Overall, look for educated interior designers who can demonstrate their creativity and talent and experience.

Hiring time

The third step is to hire the designer. Once you have interviewed several designers, take time to compare their estimates. Do not base your decision on price alone. Keep in mind that differences in each proposal reflect variables such as level of service and quality of merchandise. After the designer is hired, you need to address specific project needs and goals. You will share ideas and the designer will lend insights and observations to your ideas to identify the overall scope of the project. During this process, your design professional will:

* communicate concepts and help you understand the design process

* articulate your ideas, and

* help you to visualize the finished product.

The more input you provide, the easier it becomes for an interior designer to respond with additional ideas and to create spaces that will meet your aesthetic, functional and budgetary goals.

If you are thinking of hiring a full-service designer compare their quote with the cost of doing the shopping around, paying full retail price, doing the organisation and fitting yourself and allow for your time and petrol in the equation; you’ll usually be pleasantly surprised to see how affordable the designer is!

Are contracts important?

Contracts are very important because they allow both you and the designer to define the scope of your project. A contract allows you to specify who will be responsible for what, how long the project will last and what the budget limits will be. It is in your best interest to have a signed contract before any work begins or any money is exchanged.

How much is this going to cost?

It depends on what you want. There are many variables including the size of the project (one room or whole house?), quality of products selected (custom or prefabricated cabinets?), and the time-frame in which the project needs to be completed (two weeks or two months?).

Developing the budget is a partnership between the client and the designer. As the client, you should have an active role in developing the budget. If you are unsure about costs, your designer can help. Be honest with your designer about your budget. If you are on a tight budget tell your designer otherwise they could be wasting their time & yours looking for inappropriate materials and furnishing. A professional designer assesses your needs and helps you determine where to spend and where to save, prioritising expenses while creating an interior that is within your budget. Also, remember that not everything has to be completed at once. Your designer can develop a long-range plan, consult with you to establish a list of priorities and determine a time line for accomplishing your project.