Editor’s note: This article was first published in September 2010. It was written in Spain, and the prices quoted, such as €45-55 to format a computer and personal trainers at €80-250 an hour, some at €30, are from that time.
In times of crisis you can start very profitable businesses without having to wait until you get financing. Here are 4 business ideas that need no money and no office or premises, because you can start them from your own home. Remember that every business starts small, but with drive, enthusiasm and determination you can grow it as big as you like. Here are the 4 ideas:
1. Virtual phone operator or virtual assistant from home: As we discussed a while ago, teleworking and virtual assistance companies are a growing sector. Many companies, or executives themselves, decide to outsource services such as answering calls, organising their weekly schedule, invoicing or administrative tasks. You can set up a small switchboard at home for this business, where you’ll be paid either by the hour or by the job. If you want to make your business even more profitable and bigger, be sure to read our article Business ideas: virtual assistance companies.
2. Bookkeeping: If you’re good with numbers, you don’t necessarily need to be an accountant to keep a company’s books in order. You do, however, need a basic knowledge of how business accounting works. Covering for accountants who are on sick leave or on holiday, or simply handling a temporary surge in demand, can be your business opportunity, and combined with business idea no. 1, virtual assistant, it makes a much more complete service.
3. Computer repair and maintenance: If computers are your thing, repairs and software installation are undoubtedly a big market. You can promote yourself to both individuals and businesses. Did you know that a very high percentage of people don’t know how to set up the wireless network in their own home? Not to mention something as simple as formatting a computer. The average price for formatting a computer is €45, and in some cases €55, so I hardly need to tell you it’s a great business opportunity.
4. Personal trainer, diet and nutrition: Image and health are our two biggest concerns, followed by money. How much does a personal trainer cost who adapts my diet and makes me do a workout routine in front of them? Without a doubt, an hour of this kind of service pays well. One company in the United States has more than 47 personal trainers on its payroll, so it’s a very profitable business as long as our reputation precedes us. Looking good is essential, because our well-cared-for, attractive body will be our business card. I’ll give you a hint: a personal trainer’s hourly rate ranges from €80 to €250. Of course, more and more are appearing who charge €30 an hour.
These are just 4 business ideas you can start from your own home, or even at your clients’ homes, but remember that any idea that crosses your mind, or anything you’re good at, can be “monetised” and turned into a very profitable business.
Further reading
- Business ideas for making money online
- How to attract your first customers to your business
- 5 ways to grow your business
- How to find business ideas
- How to start a business with no money
Featured image: Malcolm Tredinnick, CC BY 2.0, via Flickr.



