If you are handy with table saws, wood lathes, and related equipment and woodworking tools, a lucrative business is the purchase, repair and resale of old furniture. We don't mean just davens or arm chairs. We're talking about everything from baby furniture and children's play equipment, to antique bedroom sets.
You can pick up just about anything at garage sales, moving sales, yard sales, flea markets and sometimes find a bargain at a second hand store.
Quite often you can clean out someone's attic or garage and take the "junk" as pay for your services. Strip and repaint the various furniture, tighten it up, change and modernize, do whatever is necessary to put it in good saleable condition with the least amount of time and expense.
Advertise that you purchase old and broken down furniture on one side of the newspaper and on the other side your ad can detail the large choice of all types of tables, chairs, baby furniture, children's play things and other furniture and toys you have available at bargain prices.
You can start out in your basement or garage, but eventually, as your business grows you may have to rent or buy a workshop and sales display area, or set up a retail outlet.
After you become more experienced you can specialize only in those items that have the best market and make the most money per unit. Then when you grow large enough, distribute your works to various sales outlets on a distributorship or wholesale basis!
Order 5,000 3 x 6 commission circulars from your printer selling $1.00 items that you earn 50% commission on every order you receive. Have your name printed on them - it will save you hours of stamping time.
There are hundreds of opportunities in the service arena offering low-cost start-ups and high profit returns. Almost all can be run from home.
If you have a garage or work building and are willing to learn a craft, upholstering, re-upholstering and/or furniture refinishing would make an excellent home business.
I would say the most frequently asked question from beginners about opening their own business is "What should I sell?" I then proceed to ask them, "What interests and hobbies do you have?" Most don't know how to answer that question because they ...
People are always interested in saving money. If you can develop a product or service that will help them save, you are almost guaranteed success.
When solving problems after you have exhausted the normal means of coming up with the solution, think in terms of unorthodox methods. Vary your thinking and try to solve the problems by creating something completely new and irrelevant.
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