THURSDAY, DECEMBER 31, 2020
Five Business Ideas for Couples
Due to different interests and skill sets, it's not common for couples to work together. It is, however, possible. Your differences can become an asset to your business partnership.
Most likely one of you is better with finances than the other, and one of you is better at marketing. Plus you can schedule your time so you have the same hours, or stagger your hours to provide the most service. You can start a brand new business to become your full time job. Or create a side hustle to earn some extra money. Here are five great business ideas that are great for couples:
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Online Retailers- You can write and illustrate electronic books or create digital music. The world is your audience. Maybe you're a dedicated gamer and can create a monetized website for fellow gamers. Some couples play retail arbitrage and buy inexpensive merchandise to resell on Amazon. With the internet, the opportunities are endless.
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Caterers- Passionate chefs and foodies will love this chance to cook and serve their creations. The chef can do the majority of the cooking, while the other acts as sous chef and marketing manager.
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Cleaning Service Providers- Who wouldn't love an extra two hours to relax rather than dust and mop? With the two of you working on a house in two hour increments, you can easily take on 3-4 jobs a day. Offer exceptional cleaning at reasonable prices and you'll have bookings weeks in advance.
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Pet Sitters- For pet lovers only! It can be tough getting to know new animals, but very rewarding once you become a part of their life. You'll get a mix of regular clients and those that only need you for holidays. Be sure to check into special insurance as your standard business insurance policy may not cover risks associated with pet care.
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House Flipping- Those who love real estate, repairs, and decorating can make a nice profit by flipping houses. Buy the ugliest house in a nice neighborhood, put some TLC into it and watch the offers come in. Alternatively, consider buying houses to hold and rent out. You can take on more properties and be a property manager.
As you start a new business, make sure you set aside profits for necessities related to your business. This includes your business insurance and taxes. Even if your business is part-time you need insurance. And, Uncle Sam always gets his share! Make sure your business insurance meets your unique needs. Talk to one of our insurance agents for more information on coverage.
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