If you’re looking for a way to start your own business but don’t want to invest a lot of money, you may want to consider starting a business from your backyard. It’s an excellent option for those who want to make the most of their available space.
You may not know it, but your backyard is prime real estate. With a bit of creativity and some effort, you can turn that space into a money-making venture. If you’re unsure what type of business you should start in your backyard, perhaps you can check out the following options.
If your backyard is big enough, you might want to consider turning it into an event venue. For example, if you have a pool, you can sell tickets for parties held around different swimming events. Or, if your yard doesn’t have a collection but does have some space in the back where you can build something like a stage, you could sell tickets to concerts or other types of shows.
You can also hold events that are not typical for an event venue. For example, if your backyard is big enough, you might want to consider having occasional yard sales. If your space allows it, you could even get together with some of your neighbors and set up a flea market.
If you want to make your backyard more appealing as an event venue, you may want to think about investing in some new landscaping features. Installing street lights and a gazebo can make your yard look like an existing outdoor facility instead of just a place where you store tools and garden gnomes. The proper landscaping can also make your yard look well-maintained, which can help attract customers.
If your backyard is already full of plants and flowers, you might want to think about turning it into a garden center. If you’re good with gardening or if there’s one particular type of plant that you’re particularly good with or passionate about, consider selling your services or products to other gardeners. You can even look for a specific niche within the gardening community where your expertise can give you an advantage over lots of similar businesses.
For example, if you love growing tropical plants, maybe people will flock to you for advice on maintaining their collections. Or, if you have a green thumb when it comes to bonsai trees, maybe people will come from miles around to buy from your garden center. The possibilities are endless, but all that you’ll need is enough drive and an idea of the type of business that you want to start.
Rental Parking Space
If you’re not using the space in your backyard, you may want to consider renting it out as a parking space. You can do so by installing simple fences around your yard and then putting up a commercial carport canopy to use as a car shelter.
You might not think that there’s a lot of money to be made by renting out space for parking, but if you live in an area with limited parking options or where the resources are expensive, it can be pretty lucrative.
It’s also a way to make a passive source of income. All you need to do is get a permit from the city and perform regular maintenance. If you’re lucky, people will be using your space 24 hours a day, which means that you’ll be able to collect money all the time.
If you want to start a business that’s much more commercial, you might want to consider starting your retail store. If certain products always seem to sell well, you can try selling them yourself. For example, if your backyard is close to many restaurants or bars, open up a liquor store.
Or, if you’re passionate about books, maybe you’ll want to try opening up an independent bookstore. Of course, if your preferred line of business is already saturated or doesn’t sell well in your area, then perhaps you’ll want to come up with a different type of product that you can trade-in your backyard.
Selling products in your retail store will give you the potential to make a passive income, but it will also require some work on your part. You’ll need to set up an inventory system and hire employees if you cannot do everything yourself.
So, whether you want to start a more commercial business or something more niche, there are plenty of ideas to consider. Just think about what you’re good at or passionate about and find a way to capitalize on it. You can turn your backyard into a thriving business venture with a bit of effort.