7 Minimal Budget, High Profit Businesses You Can Start From Home While Working In Your Jammies

There are two type of folks in the world. Those who see the glass half empty and those who see it half full. This experience was heightened for me when I had lunch with an old chum from work and he began to grumble about how only rich people could start a business. I thought he was joking. As I sat and listened he grumble for almost ten minutes giving all the reasons why she could not start his own business and get out of the rat race. He talked about the high cost of start ups, franchising and real estate development. When he finally came up for air I decided to ask simply ask him one question. "Have you every asked yourself what kind of low cost empires with high profit margins are out there?"

He looked like he had been hit by a truck. I went on to say, "You are just asking the wrong question." He sat for a minute and said, "Ok, if you're so smart give me some ideas." I said, "Great. Oh and by the way let's make it interesting and focus on the ones you can work from home in your underwear."

Here are the 5 low cost, high profit ventures I shared with Him.

1. Internet Marketing:
Do you have a PC in your house? If so you could be sitting on a gold mine. People use the world wide web to do all types of things. From a multimillion dollar wire jewelry making venture to a young kid from Long Beach California who created his business teaching people how to play music by ear. Everyday people are getting on the web and following their own dot com fortune.

2. Tele-seminars:
If you not a very technical person one of the best strategies is tele-seminars. With simply a telephone and a conference call line for your guest to call in on you can offer a class or seminar. You can either use it as a lead generator or you can sell your product or service from the seminar itself. An additional program can come from recording the class. Once you record the class it can become an instant program you can create passive income from.

3. Joint Ventures:
If you like the idea of not needing a program or cash of your own than the idea of joint venturing could be for you. This business is simply the art of the deal. You are paid in direct proportion to your ability to bring together two parties who would not otherwise know each other outside of your introduction. For example if you combine company A's products, knowledge, resources and partner it with company B's customers list you get to share in the profits. And it would not cost you one cent. You can also joint venture to sell as and affiliate marketer. which leads us to the number 4 on our list.


4. Affiliate Marketing:
What if someone else did most of the hard work but you got to share in the profit pie? Well, that is what affiliate marketing is all about. There are hundreds of programs ranging from digital down loads, books, seminars not to mention hard products like computers, cell phones and other techie stuff. Your job is to find the programs that your market is interested in and then you sell something you get a percentage of the sale. You can do this without having any inventory or the overhead of a traditional business. Most Vendors supply you with all the tools you need to to promote their program.

5. Information Products:
This is one of the most highly profitable, low cost ventures you can get into. If you have specialized skill you can exploit or you can research and report on it, you can create products that are highly profitable. For example, one of the fastest ways to success is to interview experts in a high demand niche market. Once you have interviewed these experts you can take the information and create several different products from the one interview. Some of the things you can do is sell the recording itself, sell the transcript of the call, use some of the content create an e-book or report or take several of the interviews and put them together for an expert tape series. They're are always willing to help if its going to put money in their wallet. You can also do a joint venture with them.

6. Network Marketing/MLM:
I have always been a fan of network marketing because the business model is as much about self development as it is building a business. The premise is you find a company that you are passionate about the product, has a proven system and strong team leadership. Most of these companies are low cost of entry. Some of them even pay your starter membership. And you build your enterprise by leveraging the efforts of many. Some people incorrectly believe you are going to get rich off the back of someone else. Not true. The very core of network marketing is built on the fact that you get paid in direct proportion of your ability to recruit, train, inspire, support and lead a voluntary group of people. For those who can do this the rewards are great. It might take some time to get started but once you get the hang of it you will be on your way to financial freedom in no time.

7. EBay:
I was recently brought to the EBay craze by someone who in the beginning had no moola so he decided to sell a tape set a friend had created. This product was a compilation of interviews with successful entrepreneurs. Their first sale was $37.00 and they went on to build multi-million dollar enterprise. EBay is one of the fastest ways to get to a profit. You don't need to have an information product to make cash on EBay. You can take things that you have in your garage today and sell them on EBay tomorrow. Remember one man's junk is another man's treasure.

At the end of the lunch something facinating happened. My friend was begining to see the glass half full. How about you? Are you looking for a business you can start without breaking the bank? The above seven businesses are just a few ideas to kick start your thought process. However, make no mistake you can start a low cost, high profit business and enjoy it while lounging in your pajamas.

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