Business ideas

FREE COPY OF THE INVESTMENT PROPERTY TOOLKIT TO EARLY RETIREMENT (YOUR EMAIL ADDRESS IS STRICTLY CONFIDENTIAL. I HATE ADS AS MUCH AS THE NEXT PERSON.)

OTHER BUSINESS IDEAS

 

  • A great book on 50 passive income ideas. Not cheap, but worth every cent. "50 Ways to Make Money While You Sleep". Click Here!
  • Also worth looking at www.wealth-journey.com 
  • Google Adsense - If you have a website that generates a lot of traffic (over 1000 a day) you can earn "pay-per-click" income from google adverts. You will need to open and Adwords and Adsense account (both free). On average it takes at least 3 months to create a high traffic website.
  • Storage space - Hire out that garage you are not using as storage space. You will be surprised how many people actually need it and are willing to pay! You can take this further and buy land in an extended suburb. Get a building loan and build 1.5m by 1.5m storage rooms. Cheap and easy to rent out.

 

      

  • Prepaid - Sell prepaid airtime and electricity (become a vendor). You can Google this topic for more information.
  • Arcade - Arcades are obsolete. Open a PS3 or Xbox affiliated competition room and run a membership driven club. Check for red tape before starting.
  • Taxi - Know someone you can trust that is looking for a job and can drive a car? Start a taxi business. There are just not enough affordable options out there. You can be the solution that people are looking for.
  • Pet store - Do you have fish tanks and space for breeding rabbits? Or a breeding pair of ponies? You can open up a pet shop. But please research this in detail as there is alot of regulations to abide by.

 

      

  • Sell websites - Have a PC? Once you learn and become proficient in creating websites. You can approach local store owners and showcase your previous website builds. Sell your services. There are so many small-business owners that do not have an online presence. You can charge a set fee for your services. Maybe R2500 for a website? The world has become a DIY culture. I created this website by teaching myself. Soon everyone will have this skill.
  • Become a franchisee for a Solar Panel Geyser company. Going green is a focus area for many people and corporates alike. There are a few reputable firms in SA already who are selling franchisee licenses. You basically become an agent to sell their product. They will do all the supply and installations. 
  • Still water -  Purchase water dispensing units. Lease out these water dispensing units and charge for weekly water refills to corporates and even households. There are many water refill businesses out there that will sell refills to you at reasonable prices. Sign up as a bulk buyer with a selected supplier for discounted prices. With customers, sign a usage based contract - staggered in price. Start with a fixed fee of R100 a month for one machine and one free refill per month. Then charge for each additional refill ordered over and above the contract quota. The trick is to get lower prices for refills than the customer can arrange himself. You do this by buying in bulk or arranging preferred supplier contracts.

 

     

 

INVESTMENT PROPERTY remains the most fail-safe method to earning a significant passive income and ensuring an early retirement!

 

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