Numerous opportunities exist for minority-owned businesses. While each person has their own special talents and interests, this article will look at some ideas on the types of products or services that you could sell with your own minority owned business.
Service-Oriented Business Ideas
There are numerous types of businesses you can start quickly, and with little to no up-front investment: - personal shopper - personal assistant - consulting - typist - graphic designer
When you are first starting out, you can locate projects by either responding to existing posts that others have placed, or submit your own posting or resume. For example, job postings for typists and virtual assistants are often posted on craigslist.org.
If you are a graphic designer, a great way to get work is through sources such as 99designs.com or elance.com. Those sites are where graphic design and other Internet type projects get posted, and those who are interested in the project can submit responses or sample work to win the project. Elance is a great web site to consider for project-based work, even outside of graphic design.
An often overlooked type of business is one where you provide services to the government and Corporate America. These deep pockets buy nearly any type of service you can imagine, from janitorial services, to training, to typing, etc. In fact, you can obtain a MBE certification to certify that you are a minority owned business. Such a certification can increase your chances of getting work from these deep pockets due to special mandates.
Hopefully this gives you a few ideas on service-oriented businesses you can start. Let's take a look at some product-oriented businesses now.
Business Ideas for a Product-Oriented Business
If you would like to start a minority-owned business that sells products, then there a number of product-based businesses that you could start.
Here are some examples of product-based businesses that take little to no capital to start: - Selling an information product that you create based upon some topic that is in demand (like an ebook, training product, videos, etc.) - Selling products on eBay or other auction sites - Becoming an affiliate and selling products offered by third parties. You can find such products through affiliate programs such as Commission Junction or ClickBank.
And don't forget, that the government and large corporations also buy nearly every type of product you can imagine. This was described in more detail in the services section above.
So you may also want to consider exploring opportunities to sell products to the government and large corporations. If you do, you should also consider obtaining an MBE certification to certify that you are a minority-owned business. By having such a certification, you can increase your chances of getting work from the government or large corporations because they are required to award a certain percent of their business to minority-owned companies.
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