An Idea for a Small Business You Can Start

Start-up costs range $50 to $500,000+, earnings $5,000 to $2,000,000++, skills from knowing nothing to running an airline. Bon appetit!


Start-up cost: $200 to $500

Potential earnings: $5,000 to $100,000+

Advertising: Look in your local papers on Sunday. Concentrate on the Real Estate for Sale columns.

Equipment needed: Desk, phone, typewriter; a personal computer could be helpful to you but it is not needed at the start.

You own and rent out real estate of some type. What you rent can range from conventional apartments to trailer park space to mini-warehouse cubicles. Your income comes from the monthly rental, less the expenses associated with the property. When operating this business from your home you may actually live in one of the units on the property. Since a capital investment is required to take over property, you must look for a situation in which you can acquire the income producer for zero cash down. And the property must have a positive cash flow after all expenses, including the payoff of all mortgages.

Excerpted with permission from "199 Great Home Businesses You Can Start (and Succeed In) for Under $1,000" by Tyler G. Hicks. Published by Prima Publishing. For more on this and 198 other great businesses you can start, Buy the book now or ask for it at your favorite bookstore. You can also call (800) 632-8676

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