Have you ever wondered what are some business ideas for men that require low capital to start? Men often struggle with the issue of not having enough ideas on how they can make extra money. With little or no capital, there are plenty of business ideas you can start. Unlike women, most male entrepreneurs have a very short list of business ideas.
For this reason, I have compiled a list of the most profitable business ideas for men in this post.
Let’s get started.
So, what are the top business ideas for men?
1. Tailoring Business
If you are considering venturing into a business that gives a high profit, then this business idea is for you.
The major duties of tailors are to design and create new wear. Sometimes, they go beyond that to create wears with embroidery and other ornamental skills.
Some hands-on skills are often required to get started in this business. This skill can be gotten through an apprenticeship program which should not take more than a year to fully grasp all the details involved.
Given that clothes are one of man’s most basic needs, there will always be a market for this type of business.
2. Fitness Coach
As most people tend to be conscious of the fitness of their body, so does the need for having a fitness coach increase.
Most people embarking on either a diet plan or fitness exercise would need somebody to whom they will be accountable.
The reason for this is because, without an accountability partner, it will be difficult for them to keep up with the process. This is another reason why being a fitness coach will hardly go out of fashion.
In addition, careful observation will reveal that this line of business is mostly male-dominated since it requires some form of physical activity.
There are several ways to execute this business. As always, you opt to go the mobile route and forego renting out a space at the moment. This way, your clients’ homes will become your fitness training center.
Another route to take for this business is to make use of walking paths and jogging tracks to coach your clients. You could also make use of public institutions like the local stadium in your area as well.
Furthermore, this business could be started on a small scale by just scheduling your session with clients to hold later in the day while you still keep your day job.
Just put in the effort, as you get results for your clients, word of mouth marketing can help to take your fitness coaching business to greater heights.
SEE: Sports business ideas to make money for sports enthusiasts
If you are creative and good at handling power tools, being a barber is a viable option you should consider. This is one of the most recession-free businesses and could be started on a part-time basis as a side job.
You could also beat the competition by being a mobile barber. This way, instead of renting a shop and dealing with some recurrent bills, you could rather go to your customer’s homes and cut their hair.
Using this strategy will ensure that this business is started on a very low minimal budget. As your customer base grows, you could then opt to save up and rent out a shop as your business location.
Much is not necessarily needed to start up this business, most especially if you are going the mobile route. Barbing basic items like covers, mirrors, barbing cosmetics, and sometimes, a seat, are what you require.
If you are good at what you do and with proper marketing and word of mouth, this business can easily scale up to a full-time job. Just ensure that you do have the right barbing skill and can maneuver your way around the latest trending hairstyle.
You may which to niche down to just male clients or rather extend to include both genders and even children.
If you decide to rent out a shop, you could maximize your profit margin by including other things such as turning it into a full hair salon.
Finally, as your business grows, either as a mobile barber or brick and mortar barber, you’ll need hands to get going in order to keep up with demands.
4. Brick and Mortar Store
Whatever business that requires the use of a brick and mortar store involves some type of human interaction. This entails that you must first define your product and service, as well as the best way to provide them.
If you already have an idea you want to explore, this is a quick way to get started. This will offer you an advantage over someone who is still deciding what to do.
This, however, does not imply that those who already have a business idea will be more successful than those who do not.
If you want to explore this approach, you’ll need to do a short understudy of an already successful business.
You can easily approach an already established business in your neighborhood and ask to work for free while learning about the business. Another thing to do is to buy business-related books and read up. Subscribing to the newsletter of business-related blogs in the area of your business is another way to go about it.
In addition, you can also attend mastermind sessions hosted by already successful business people to learn firsthand from them.
You’ll be able to learn what worked and what didn’t for these people this way. You’ll learn about the tactics they employed to achieve success, as well as everything else you should be doing.
5. Home Lesson
Looking for one of the best part-time business ideas for men? Then, you need to look into the direction of starting a home lesson business. With this business idea, you get to decide your working hours and how much you are willing to charge your clients for your time.
An average home lesson session should be held at least thrice a week and a minimum of two hours per contact. If you multiply that by just having two kids, billed at $25 per hour, it turns out to be $1,200 monthly.
The viability of this business lies in the fact that parent desires that their kids come top in class. However, in today’s world, there are lots of distractions and side attractions that these kids are exposed to on a daily basis. In addition, most of these parents don’t have all time to cater to their kids after school.
So, in order to address these issues, they rather choose to engage the services of a home lesson teacher. With this, their kids are pretty much occupied with meaningful activity when they return back from school.
Interestingly, this business will not even take much of your time as you get to work majorly in the evenings. This means you can still keep your regular day job or attend to other ventures while you are at this business
To get more clients seeking your service is just a matter of helping a child to improve academically. Since parents tend to have one or two close friends or family relations, word of mouth will quickly spread and more parents will be interested in your service.
SEE: Side Hustles for Teachers
6. Shoe Making
If you have the creative juices to come up with new shoe designs, this is one of the most lucrative business ideas for men. However, you must be prepared to do the heavy lifting involved as this business demands time, talent, and effort.
If you can afford it, you can as well bring in people to be in the production line of the business while you focus more on sales and marketing.
In this business, your revenue will be dependent on the number of sales you able to bring in. This is tied to the quality and design of your shoes. It is therefore in your best interest to keep up with the latest trend in the market.
You can choose to concentrate your activities on a single area or to broaden your scope. Men’s, women’s, and children’s footwear are all options for your shoemaking business. You might also work as a generalist, creating shoes for people of all ages and genders.
Producing custom-made shoes for your consumers may also help you increase your profit margins. You will be able to make more money because it is a customized order.
Aside from that, the appeal of this business is that it can be started on a small scale from your house. You may decide to extend and acquire a store once sales start to improve.
7. Moving Business
People relocate on a regular basis, and they need aid to do so. To start a moving business, you’ll need a van or truck, as well as packing equipment, insurance, and the necessary permissions.
Long-distance and large-scale moves should be left to professionals to handle. Begin with a little project and progress your way up.
Advertise your moving company in public places such as grocery shops and restaurants, as well as on your moving vehicle.
SEE: How to Make Money Driving Car, Van, or Truck
Is it necessary to hire an attorney while starting a side hustle?
No. As a sole proprietor, you can utilize the services of online services like LegalZoom and RocketLawyer to launch a business.
Nevertheless, bringing on an experienced company lawyer who has worked with a lot of start-ups is usually an excellent idea.
What is the best type of business for me to begin?
The ideal business for you is usually one in which you have the most competence and enthusiasm. If you’re a teacher, you might want to try providing home lessons.
It’s a good idea to talk to local professionals and other businesses. This will enable you to know about the potentials in your area while you’re exploring your options.
These highlighted business ideas for men are some of the businesses you can start with little capital. With time, you can grow any of them into a sustainable and profitable business.
Remember to evaluate the options and ideas before settling on any of the ideas. You can learn more by speaking with people who have become successful in your chosen business.
Then, after analyzing the criteria, come to a decision based on your return on investment, and the number of hours you’ll need to put in.
However, out of the business ideas in this post, I highly recommend you start with blogging. With barbing, less capital is required to get started.
For more options, I urge you to read this article about the finest small business ideas to start with minimal money.
Thank you for reading.