If you want to tap your local or niche market then a box subscription service is the place to start. Over the last couple of years we’ve seen an explosion of box subscription services in niches ranging from beauty to food to gaming to novelty gifts. Since the goods or services are delivered to the customer each month, and it has a recurring billing model, it can quickly become a lucrative and passive source of income. Here’s a list of possible box service ideas to get you started.
3. Take over a mobile food truck
More and more people, especially those between the ages of 18 to 34, are patronizing food trucks and that’s why the food truck industry is expected to surpass $985 million by 2019. For savvy entrepreneurs, food trucks are an appealing business because it’s inexpensive to start, isn’t strapped down to a one location, can be a part-time side gig and you don’t have to start from scratch. Every day thousands of baby boomers retire. If you know any baby boomer looking to get out of the food industry, consider purchasing their established business, which should include customers, recipes, and equipment at the very least.
My friend Keith Crossley was able to purchase several food trucks and recently opened several restaurants. It took him almost four years but over that time he was able to build a thriving business for himself. It all started trying to make money on the side and turned into his full time thriving business. It’s possible for you to do the same. His original investment was less than $35,000.
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Awesome ideas. Keep sharing more of such in future.
Thanks for wonderful ideas.
Awesome ideas. Some actually work.