People are investing in a residential rental property for earning rent, either by letting it out to tenants or by selling it off. Top 30 Successful Business ideas For Residential Areas. If you want to know how to invest money in buying property for making good profits, consider some of the following successful business ideas which can make a good investment.
Top 30 Successful Business ideas For Residential Areas
1. Mobile phone and accessories –
this is a very promising idea especially if you live in a condo community. There are already many condo residents who buy mobile phones as gifts to themselves or as presents for their relatives and friends during special occasions such as birthdays, anniversaries, Christmas, and others. You can start by buying the latest models of mobile phones in large quantities from international trades, sell them to your condo mates, and take advantage of the business by marking up the prices.
Top 30 Successful Business ideas For Residential Areas
2. Computer and accessories –
another good business idea for residential areas is selling computer parts and other related products such as computer mice, keyboards, keypads, and so on.
this is another good investment business idea. If you are living in a place where there are many tourists, why not sell high-end sunglasses to tourists? A lot of hotels have already started offering this service for their guests, so consider renting space near the hotel or condo clubhouse.
4. Arrangement of flowers –
another rental business idea is arranging flowers for homeowners who want to decorate their homes or rooms during special occasions. You can help them by preparing flower arrangements that suit their needs and charging them accordingly.
5. Tutoring service –
this is one great profitable business especially if you are an expert in specific fields like math, science, music, arts, and others. You may even consider having your own small tutorial center inside or near your community where you can teach local students during after-school hours.
6. Pet boarding –
this is another promising business idea especially if pet owners live in condos, apartments, or townhouses since the pets are not allowed to be brought along to their new homes. However, you can offer them a place where they can bring and take care of their pets.
7. Car wash –
if there is a community swimming pool and park near your condo, you may want to consider starting a mobile car wash service during weekends or after office hours. You can even open a small car wash center near the community.
8. Manufacturer of herbal products –
one good business idea for people living in condos, apartments, or townhouses is to sell herbal products such as shampoo, soaps, lotions, and others that are made from natural ingredients. You can start by going to a native market and finding native herbs known for their medicinal properties. Prepare the hair wash, lotions or soaps yourself, and sell them to condo residents.
9. Book store –
if you love reading books, why not open your own book store inside the community? You can start by selling used books at cheap prices during weekends, then gradually expand your business by buying new titles every week. Eventually, you may be able to open a large book store.
10. Repair and retail of shoes –
this is another good business idea if you don’t mind walking back and forth from your condo to outside stores during weekends or holidays where you can find used shoes for sale by the vendors. You may even be able to buy their entire stock for reselling them on weekdays.
11. Trading of guns and ammunition –
if you live in an area where there are a lot of gun enthusiasts, why not start a business by trading their weapons and ammunition? You can even buy all their unused stocks and resell them when they need them during hunting season. This is one good investment idea especially if you already have connections with gun traders.
12. Selling of clothes –
there are many second-hand clothing shops in malls and along the streets, which is an indication that this is a good business to start. You can start with your old clothes, then you can buy new ones in bulk after several months when you have already earned enough profits from them.
13. Coin and stamp collecting –
as a child, you probably have collections of coins and stamps from those countries that offer them as souvenirs during travels. Why not consider selling those coins at the current market value? You may also be able to buy used or new coins on weekends, then on weekdays you can open a small shop inside your community where you can sell them to other collectors.
14. Plants nursery –
if you love gardening, why not start your own nursery business at home? You can start by planting native species of flowers, herbs, and others that are suitable for the climate in your area. Then inside or inside near your condo unit, you can start selling them at cheap prices during weekends or holiday seasons.
15. Gaming center –
if you love playing arcade games and table tennis, why not put up a business where people can come and enjoy? You can start by setting up an area inside your community where people can play anytime they like. Then on weekdays, you can open a small joint at any commercial area near your condo.
16. Recreation of new and old board games –
if you’re one of those people who like playing new and old board games, why not start a business of your own? You can even buy unused and new board games in bulk on weekends then resell them to other gamers during the weekdays until you earn enough profits to support your family.
17. Repair and retail of musical instruments –
if you are an expert when it comes to musical instruments, why not start a business by repairing old ones? Your small workshop can be located inside your condo unit or near the community where people can bring their old guitars, keyboards, violins, drums, and others for repair. You can also buy their old instruments for reselling during weekends.
18. Mobile phone business –
if you are one of those people who are always on the go, why not start a business where people can come to you instead? You may be able to find used or unused phones in your area, then sell them to other people who want to buy second-hand ones.
19. Grocery carting or cart collecting –
if you live near commercial areas where people may not have enough time to collect their carts after shopping, why not start an online business? You can put up a website telling potential clients that you are willing to collect their grocery cart for free at the end of the day. You can then resell those carts that you’ve collected after a few days at a price much higher than their original price.
20. Gunsmithing –
if you are an expert when it comes to guns and ammunition, why not start a business where people from various hunting groups come to your shop? This is one good business because this may not require large investments and you can already make profits from it after a few months.
21. Makeup –
if you are good at making different kinds of makeup for women, men, and even children, why not start a business of your own? You can open your workshop near schools or malls where people usually go during their free time.
22. Dog grooming –
if you love dogs and you’re good at making them look well-groomed, why not start a dog grooming business? You can put up an online website where people from other places where there are no dog groomers can have their dogs groomed by your staff instead. This is also good for owners of dogs that live far from your community where you can open a small shop.
23. Baking and cooking –
if you like doing household chores and baking on the side, why not start a business of your own? You can first sell some cakes and bread during weekends or holiday seasons, then give out flyers to those who want your products on a regular basis. Before you know it, your business can grow into something bigger.
24. House cleaning –
if you’re always doing house chores on the side and you’re good at making things clean without using harsh chemicals, why not start a business of your own? You can first give out flyers to the people living near your community and tell them about the benefits of hiring a professional house cleaner. Then you can start making money right away after a few months.
25. School catering –
if you like cooking and your kitchen looks like a mini restaurant already, why not start a business where you can make food for students? You can first talk to the school’s principal about your plan, then give out flyers to the parents of students who will be attending the school.
26. Driving instructor –
if you’re an expert when it comes to driving and safety rules, why not start a business where people can learn how to drive? You can put up an online website or share your plans with other people living near your community or friends who have their own cars. You can start this as a one-on-one business first before you can put up a small driving school after a few months.
27. Cleaning services –
if you’re good at cleaning people’s homes and they trust you, why not start a business where you clean other people’s homes for them? You can put up an online website and also give out flyers to those who need your services. This is a good business because you can start this without having to spend much money on equipment and other large investments.
28. Preschool –
if you’re good at teaching kids and you have enough space where children can play and learn, why not start a business of your own? You can first talk to the parents of children in your neighborhood and tell them about the benefits of enrolling their children in your preschool.
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29. Personal driver –
if you know how to drive and you don’t want to spend much on gas because you only need to drive your own car, why not start a business of your own? You can first talk to the people near your community and offer them your service. This is also good if you want to save on gas expenses because the money you earn will be yours to keep.
30. Wedding planner –
if you know how to organize weddings and people keep asking you for tips and tricks on wedding planning, why not start a business of your own? You can first put up an online website where you can share your ideas with others. Then you can start talking to people who are getting married soon about what you can do for them.
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