5 Low Cost High Profit Businesses You Can Start From Home While Working In Your PajamasPosted by Nick Niesen on October 28th, 2010 There are two type of people 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 colleague from work and he began to complain about how only rich people could start a business. I thought he was joking. He looked like he had been run over 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 fun and focus on the ones you can work from home in your pajamas.? Here are the 5 low cost high profit businesses I shared with Mark. 1. Internet Marketing: Do you have a computer in your home? If so you could be sitting on a gold mine. People use the internet to do all types of things. From a multimillion dollar wire jewelry making enterprise to a young kid from Long Beach California who created his empire teaching people how to play music by ear. Everyday people are getting on the internet and pursuing their own dot com fortune. 3. Joint Ventures: If you like the idea of not needing a product or money 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, 4. Affiliate Marketing: What if someone else did most of the work but you got to share in the profit pie? Well, that is 5. Information Products: This is one of the most highly lucrative low cost businesses you can get into. If you have specialized knowledge or can do you can research and reporton 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. 6. Network Marketing/MLM: I have always been a fan of network 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. 7. EBay: I was recently introduced to the EBay craze by someone Like it? Share it!More by this author |