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Business Ideas Part 2

Updated on September 26, 2017

Here we are back again for day 2 of this series on creating new businesses from simple ideas. If you have not read yesterday's article I would recommend doing so as it gives another example of a simple business that you can start with almost no money. Again, this business will work the best if you already have a social media presence, but I am sure that you could get this idea to work even if you have never opened a page on social media.

Today's business idea comes as a way to both clean out your closet and make some money. I know what you are thinking: I love my clothes, and I don't want to give them away or sell them. While that is an option, an one that many of us should use to eliminate clutter in our closets, that is not what I am talking about for today's business idea. Instead I am talking about a rental service where you let others rent your clothes for a weekly or monthly price. Then when time is up you get your clothes back.

With this system you could easily pair items together to make an entire outfit, or series of outfits with things that can be worn together. You would likely want to charge a small deposit fee to make sure that you get your clothes back, otherwise people might just take off with your clothes. We have already decided that you want to keep your clothes, so you will probably want to come up with a way of getting your clothes back. If you don't like the idea of having a deposit then you can set up a recurring payment system so you will continue to get paid even if someone stole your clothes. The recurring payment can be set up with paypal if you have a website.

This business is likely for someone who is a little more fashionable than I am. I wear blue jeans and a t-shirt everyday, and I think that is great. However, I know that there are people on YouTube who really make a big deal out of fashion, and they have hundreds or thousands of followers who follow them for their fashion advice.

If you would like to go down this path then I recommend getting on YouTube and letting the world know about your fashion skills. Once you develop a following feel free to let them know that you are renting out the things that you wore in your last video. This would let your followers know that it is something that you would wear. Since you are fashionable wearing it, then your followers would know that they could be fashionable as well. Also, I know that there are several people who even if it wasn't fashionable would still want to hold something that had worn by someone famous on YouTube. Of course since you will be making videos and putting them on YouTube you can run ads to create even more income for yourself.

As you grow this business you might want to look into purchasing clothes in other sizes and then renting them out. This would allow you to reach a larger customer base than just your few followers who happen to be the same body size as you are. Eventually you can let this grow until you create a monthly box service where for a monthly price your followers get to wear fashion items that you have picked out, then at the end of the month, the items go back and the next box of fashionable goodness will arrive on their doorstep. If you go this way, then it would be a good idea to have some sort of policy for what happens to items that aren't returned. This could be the same rental fee from above, or you could give your customers the ability to purchase the items outright.

In addition to having the YouTube presence I would recommend having an Instagram presence online where you can with permission regram pictures of your happy customers who are wearing your great styles. As you get more happy customers your Instagram will grow and you will be able to have access to more potential customers. This cycle continues until you have gotten to the point where you are happy with the number of customers that you have. If you are happy with this, congratulations, you have just successfully built your business. If you are not happy with this, now is the time when you can bring in help to grow the business even bigger.

Note this process will take time, but it should be very easy to see that progress and results are possible when it comes to making money with this idea. So if you are fashionable, or would like to be then this would be a great idea for you to use. As always my business ideas that I post here are free for you to use, but please let me know how you are progressing if you do decide to take up this business.

If you have any ideas for businesses that you would like me to write about then please leave me suggestions down in the comments below. I will try to come up with a business plan for those.

-God Bless
Christopher Benner


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