So you have a garage at your home, and you are thinking about ways to make money? If you have a truck, you might look up the answer to what is a UCR. Besides starting a moving company, there are numerous options to start with without inducing a loan. All you will need is a small capital investment.
Despite the popular idea that you need office space to run a successful business, many successful businesses have proven this notion wrong. With the right mindset and solid business plan, you can start a successful business from your garage, even in 2021, when the pandemic has affected global finances.
You will find many examples of successful businessmen who started working on their dreams from their garages, and now they have grown into big multinational companies. If you are interested and all set to start working on your business from your garage but unsure about your options, the below-given list below will help you make the right decision. Read on to learn more!
A motor trade insurance, also known as road risk insurance, It is a policy designed to cover any loss, injury, or vehicle damage to the third party caused by the vehicles involved in the business. This insurance is ideal to meet the business needs of people who are into the business of cars, motorbikes, or are involved in buying and selling vehicles, serving, or running a garage, etc.
If you have some experience with fixing cars, you could also start as an auto car mechanic. The start-up costs of an auto mechanic business are low – you might already have some of the basic car-fixing equipment at home. If you decide to open an auto mechanic business, consider building connections with reliable suppliers to help finding a used engine and other parts quickly. Networking with suppliers can be beneficial to reduce material costs and allow you to expand your service offerings, resulting in greater profits. Of course, you will need to look into getting a traders insurance policy for this, too, so make sure to do your research into this!
Smartphone & Electrical Gadgets Repairing
Electronic gadgets, smartphones, computers, and whatnots require repair and maintenance throughout the year. If you believe that you are an expert in repairing electrical appliances, this might be the perfect option for you.
The best thing about electronic gadget repair is that the start-up cost is very low, while you don’t have to pay any building rent since your garage space will suffice to run your business.
While the word about your business will travel faster via the mouth, you can still use online and print marketing to reach your target audience and get customers with ease. Your garage is excellent for computer repairs as well. All you need is skills and good marketing. Rest assured, you will never run out of customers.
Auto Mechanic & Car Wash
Did you know that you can even start a car wash business while making good use of your garage space? If the answer is no, then there is good news for you. With some basic equipment, you are all set to start this business. You could also sell some car accessories on the side along with providing your customers best and affordable car wash and maintenance services.
If you have some experience with fixing cars, you could also start as an auto car mechanic. The start-up costs of an auto mechanic business are low – you might already have some of the basic car-fixing equipment at home.
Courier Service Business
As the pandemic has caused global lockdowns and social distancing rules for safety measures, people have started taking more interest in e-commerce and buying groceries, products, and services alone. This aspect has caused a boost in the trucking business, especially when delivering the products.
If you want to start a courier service business from your garage, all you’d need is a truck (or even your personal car) and a mobile GPS app to help you plan your route ahead of time. As your business starts to bloom, you can always add up to your fleet and manpower.
Music & Dance Lessons
Do you know how to play the drums, guitar, piano, or any other musical instrument? Also, if music is your passion, you can always turn it into money by making it a business, such as providing music lessons in your garage.
Since you will be teaching music from your garage, you will save plenty of money which you would have been spending for rented space. Just buy comfortable chairs for your learners and make the garage space a bit pleasant. If you can, you could also invest in musical instruments or ask students to bring their own.
Any music enthusiast would be keen on dancing as well. If you are a good dancer and have the moves like a jagger, you can start giving dance lessons in your garage. Later, when the cash begins to flow, you can always transform the garage into a bigger studio or rent a studio yourself.
No matter what business idea you like the best, make sure that your garage space allows you to start the business. You will also need a solid business plan, enough capital, and, of course, discipline and strong will to get to a place where you will see your business surviving and thriving in 2021 and beyond.