Not interested in any new and big thing in business? Some people are tired of hearing exciting startup ideas. Those people are also not interested in dropping everything to become an entrepreneur. Fortunately, there are boring business ideas that are potentially profitable.
Those business ideas are going to give you a steady income stream with no competition and hype. The framework or formula of a boring business is SOWS. This formula contains Stale which means minimal innovation, it also involves Old or longstanding business. What are the other two formulas?
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Two other formulas you should know before deciding to own a boring business are Weak, which means poor competition, and Simple but needed business model. After knowing these formulas, you may think of some different business ideas. Check out these ideas to complete yours.
Blogging has become one of the best online opportunities. This online journal is a simple business idea anyone can create. You can even create an online journal about anything you desire. However, starting a blog requires some cash.
The starting costs may vary but usually will take USD2.95 per month. You are going to need a domain name and web server to start your blogging business. As a blogger, you can increase the traffic of your site using SEO techniques.
This way, you can monetize your efforts in different ways. The opportunity for you as a blogger to make money can be enormous. However, to amass wealth, you need to thrive with perseverance and patience. You may have to wait for months before seeing any financial gains.
2. Car Services
One most boring businesses you may want to consider is a car washing business. Not everyone loves spending time washing their cars. If you can find the right location, you will be able to attract regular paying clients who are interested in keeping their cars bright and clean.
To be successful, especially in this car service sector, you should provide an excellent site with simple exposure and access. Also, you can provide extra services, such as waxing and detailing. Those extra services are going to help maximize your income.
3. Laundry Services
Due to commitments and work, many people are unable to wash their clothes. Many of those people are willing to employ a launder service. Wash and fold, dry cleaning, and ironing are only some of the many services you can give as a provider of laundry service.
Just like the previous boring online business idea, this boring business will also give you more if you can provide extra services. For example, consider adding pick-up and delivery services to your laundry service business. Very busy customers would love this special service.
4. Lawn Care Services
Lawn care services can give you a lot of money, specifically in the warmer season. Homeowners who value clean lawns usually will appreciate your fertilization, trimming, and mowing services. During the colder season, you can add an extra service to your lawn care service business.
For example, if you offer tree trimming and landscaping, consider adding snow removal to the list. It will be much better to have the right tools. Also, you should have the ability to service different kinds and sizes of lawns.
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One of many boring business ideas you should also consider is babysitting. However, this idea is only for those who like dealing with kids. Some parents may have to work late or leave the town for a night. Your babysitting service can help those parents and give you extra money.
If you are interested in this boring business, you are going to spend the most on flyers and a website to market your babysitting services. Also, you are going to need a general idea of the hourly cost of babysitting. This way, you will be able to beat the competition in the market.
6. Medical Billing Services
Among many boring business examples, there’s this medical billing service. Because of its time commitment and complexity, medical billing should be left to people who have experience in this sector.
Medical billing services are now in great demand since a lot of clinics and hospitals outsource billing operations so that they can focus on providing quality patient care.
You can earn a bunch of money simply by offering excellent service, especially to healthcare personnel. The money comes from a percentage of the money healthcare personnel collect from patients.
7. Financial Advisors
The next of many boring business ideas to learn is financial advisor. Financial advisors are going to help businesses as well as wealthy people use various financial tools to make more money. As a financial advisor, you will help companies set their financial goals.
Also, you will devise a plan that’s going to help companies reach their financial goals while keeping track of all the money they have. However, you will need a bachelor’s degree in math, economics, business, or other relevant areas to earn this boring job.
You should also get federal and state licenses. The average pay for this job is about USD 90,000. However, many people work on fees based on the amount of money they handle.
8. Selling Insurance Policies
Selling insurance policies will also provide a comfortable living wage. The average salaries for insurance brokers are between USD30,000 and USD50,000 per year. With a profit margin that reaches up to 15%, this job can be a very promising new venture.
Affiliate insurance sales can also be wonderful examples of boring business. the affiliate link is another famous way to make money. Insurance brokers can be eligible for recurrent revenue because of the subscriptions they are offering.
9. Delivering Foods
Another very boring business idea to try is delivering food. This job is a wonderful part-time job that’s going to help you make more money. It is very easy to start this job. You should only get the app, fill up your profile, and start taking orders.
To start this job, you’ll need a vehicle and a smartphone. Those devices are going to let you accept orders and make deliveries.
These 9 boring business ideas are going to help you earn more money. If you’re a full-time employee, you may want to pick the simplest boring business that won’t bother your main job.