Starting your own business can be a stressful and risky prospect, especially if you’re planning on doing it on your own. Still, with the right kind of business model, you can significantly reduce that risk and put yourself in a more advantageous position to succeed than most others would be in. There are quite a few business models that allow you to make revenue all year round without relying too heavily on seasonal trends or bursts of consumer interest.
The truth is that most businesses will experience seasonal drops in sales, either due to holidays or because of outside influences such as weather. Or the number of disposable income people have on hand at any given time. By choosing one of these seven businesses that can start revenue all year round, you’ll ensure yourself some steady cash flow throughout the year.
Sell Your Product
When you’re starting a business, you don’t need someone else to take care of your customer service. An effective way to make money is by creating your product or service and selling it in an online marketplace like Amazon or eBay. If there isn’t one available, create one yourself. You can sell physical products or digital ones like e-books. Either way, you run the show and have more control over what it looks like and how much it costs.
Open an Event Management Company
The event industry is a highly lucrative opportunity in that it’s relatively recession-proof. As long as birthdays, conferences, weddings, and other celebrations are held, there will always be a demand for event management. What’s more, events can be managed on an outsourced basis. You don’t have to take money from your pocket or employ many staff members to get your business up and running.
Rent Out Vacation Homes to Tourists
Renting out a vacation home to tourists can be a lucrative source of income. You’ll earn money by renting rooms or an entire house while you, your family, and your friends are on vacation. If your hometown has steep tourist season prices during certain months, then you’re in luck: business could be booming in your backyard all year round.
Typically, travelers will come up with their itinerary when renting one, but if you want to take it a step further, why not add additional activities they could do around town? Aside from vacation homes, you can also offer packages for longer stays like vehicle rentals such as an RV. They can tour your area while enjoying outdoor activities, situated in a comfortable traveling vehicle. There are recreational vehicles for sale that you can convert into luxury motor homes.
Though many start-ups focus on product development, some are best suited for marketing from day one. Consider starting a marketing agency if you’re an entrepreneur with a natural flair for buzz-worthy ideas and an eye for aesthetics.
Designers and writers are in high demand, as well as social media experts who can manage your clients’ social media accounts. Most agencies will expect anywhere between 20 and 40 hours of work per week. If you can secure more client hours than that—and have more time to dedicate to your projects—the sky is the limit!
There’s a reason cleaning services are some of the most common side businesses. The majority of Americans will hire help to clean their homes at least once, and that demand is growing. While you can start by offering just traditional residential house cleaning, there are opportunities for extra business in office buildings and commercial spaces.
Teach English as a Second Language Online
Teach English online with a reputable TEFL (Teaching English as a Foreign Language) program. Or set up your site. Teach English online, and you could earn up to $22 per hour, depending on how well you teach and what country you’re teaching in. You may need some specialized training if you decide to start your own business; being fluent in multiple languages may also be helpful.
Personal Training Instructor
You may need to get certified as a personal trainer in your state or province before you start, but it’s easy to set up shop once you do. You can offer services like one-on-one training sessions, boot camps, group workouts, or consulting services and packages. People are always looking for ways to lose weight, build muscle and improve their general fitness—why not help them out?
Put together an informational website and market yourself through social media. Offer a free introductory session to know what they can expect from working with you, then use online resources such as Facebook groups to find potential clients.
Starting a business is never easy, and creating something from nothing is incredibly daunting. When you’re getting your venture off of the ground, it’s helpful to have revenue streams in place that are reliable. These seven businesses offer great revenue opportunities all year round, making them smart decisions for any businessman.