Job Loss: Don't Panic! Here Are 9 Business Ideas With No Cost

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Many companies in India are cutting jobs now. If you are at the risk of losing your job, it is always recommended to start before anything happen. If you lost your job or you are considering starting a business instead of looking for the job after your studies, we will help you to get started. You can make use of this ideas as a part time business also.

Many people around us are making immediate use of their skill sets and starting their own businesses in the wake of being laid off.

Repair or skill-based services

If you have a specific skill, you can use your skilled labor as the main revenue source for your business. For example, if you know how to repair mobile phones, you can make use of it. These types of jobs don't require you to have a physical establishment.

Accounting

Are you a commerce graduate? or do you have the basic accounting skills like tally? If yes, then you could start a home-based accounting service. You can support individuals and businesses with taxation, payroll services, fraud investigation, financial management, etc.

Online surveys

There are many websites which conduct online surveys with the help of people. Free paying online survey jobs are one of the ways to make some extra money for sharing your thoughts and suggestions and to give the review about a product or services, whether it may be a new dress, or cosmetics, or Blankets, or washing liquids. There are lots of scam websites out there, so you have to be careful when choosing this business idea.

Freelancing

Many companies hire freelancers now to help them reduce costs of operation. You can sell your services to companies without necessarily working for them full-time. If you are good at writing you can write content for them. Translation works also have scopes. If you are creative, you can sell your works to companies.

Blogging

Things are constantly changing on the web, and you can become a monetized blogger by writing about any topic or subject that is of interest to you. Many people earn their living from full-time blogging today. The key to making money as a blogger is getting a lot of people to visit your blog. You should write engaging content to attract readers to your blog. You could employ freelance writers and get them to write good contents for your blog.

Prediction and Betting

If you are interested in sports, you can try Sports prediction and betting. It is a convenient way to make money from home. There are several websites which offer such services. If you can correctly predict the outcome of a game or match, you will get thousands. Note, it is illegal in many countries. So you can't perform prediction and betting in all countries. 

Photographer

If you have a camera and good skill in clicking photos, try the business of a photographer. You can turn your hobby into a profit-oriented business. Now people are spending a lot for wedding, and function photographies.

Career counseling

After schooling, youngsters and their parents may don't have any idea about their future. They will be confused about various career options. You can research about various career options and guide them to choose the best career for them.

Website

If you are good at online marketing, you can start an online website. You will get money for advertisements if good traffic is there on your website. This business has a huge potential now; many websites are earning in lakhs and Crore.

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Read more about: business ideas
Story first published: Friday, June 23, 2017, 15:29 [IST]
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