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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

deucher
deucherActive Contributor
Asked: August 14, 2023In: Money & Business

What is the best business idea for a newbie?

Very often, beginners want to start a business and they even have the funds for it, but they do not always know which business is the best and most profitable to start so that the investment pays off one hundred ...Read more

Very often, beginners want to start a business and they even have the funds for it, but they do not always know which business is the best and most profitable to start so that the investment pays off one hundred percent

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  1. yusra
    yusra Trusted Adviser
    Added an answer on August 14, 2023 at 4:00 pm

    Here are some of the best business ideas for beginners just starting out: Service-based business - Start a service business that leverages your skills like web design, bookkeeping, house cleaning, dog walking, etc. Low startup costs. Sell products online - Start a simple online store selling productRead more

    Here are some of the best business ideas for beginners just starting out:

    • Service-based business – Start a service business that leverages your skills like web design, bookkeeping, house cleaning, dog walking, etc. Low startup costs.
    • Sell products online – Start a simple online store selling products through Shopify and similar ecommerce platforms. Dropship goods to save on inventory.
    • Consultant – Becoming a consultant allows you to provide expert advice and insights in your field of knowledge. Low overhead.
    • Affiliate marketing – Earn commissions promoting other company’s products and services through your website and content. Easy to start.
    • Freelancing – Offer freelance services like programming, graphic design, writing, data entry etc. in your spare time. Use freelance job sites to find clients.
    • Resell items – Sourcing and reselling products through platforms like eBay and Etsy taps into established markets.
    • Rental property manager – Managing properties for passive rental income investors can be done part-time. Low startup costs.
    • Food truck business – Opening a food truck lets you sell artisanal or specialty foods without the cost of a restaurant. Start small.
    • Buy an existing business – Take on an already established small business to reduce some uncertainty. Leverage existing brand and customers.
    • Direct sales – Sell products supplied by an established company as an independent sales rep. Popular for cosmetics, health items and home goods.

    The key for new entrepreneurs is starting small in an industry you understand well, minimizing risk and upfront investment until your business gains traction.

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deucher
deucherActive Contributor
Asked: April 20, 2024In: Money & Business

Do beginners need CCTV cameras?

For many beginners, business is not so easy and therefore they do not know a lot. When I had a business, I didn’t buy such cameras at the beginning because I didn’t know if it was worth it and how ...Read more

For many beginners, business is not so easy and therefore they do not know a lot. When I had a business, I didn’t buy such cameras at the beginning because I didn’t know if it was worth it and how long my business would last

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  1. spencer
    spencer Enlightened Mentor
    Added an answer on April 23, 2024 at 12:13 pm

    It actually depends on the kind of business you run and the location of your business, if you sell valuables In a busy marketplace then it is only ideal to Install a CCTV camera in other to keep your business safe. It is important to keep what you sell safe, if you can't afford a CCTV camera there aRead more

    It actually depends on the kind of business you run and the location of your business, if you sell valuables In a busy marketplace then it is only ideal to Install a CCTV camera in other to keep your business safe.

    It is important to keep what you sell safe, if you can’t afford a CCTV camera there are other alternatives you can explore that are not as expensive as a CCTV

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