Another small town small business idea:
Buy damaged items from online auction sites, repair them, and then resell them.
I got this idea from a student in one of my eBay classes. She would search eBay for broken china dolls. Her search keywords included “needs help” and “poor thing”. These broken dolls came at a steep discount. She would then repair them. I don’t think she was intending to make a profit, but you might!
If you consider this idea, here are a few suggestions:
- Specialize! Focus only on items you can repair well, and that have a strong resale market.
- Track your time, and carefully evaluate your profit potential.
- Be absolutely honest about repairs when you resell.
Do you have business ideas to share? We’d love to hear it.
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Becky started Small Biz Survival in 2006 to share rural business and community building stories and ideas with other small town business people. She and her husband have a small cattle ranch and are lifelong entrepreneurs. Becky is an international speaker on small business and rural topics.