Very low maintainence business ideas

[anonymous-user]

The initial message was deleted from this topic on 01 January 2024 at 19:23

[Getragdogleg]

If you have a bit of suitable land, or can buy some then a small "self Store" type of thing set up with new shipping containers is a pretty good low input bet.

Obviously it depends on your location and market saturation in the area but mine reliably returns around 7k a month.

Trick is to let them to small businesses, painters and decorators, small guys fitting carpet and other trade who need a small cheap space to store stuff. Don't get into renting to the council for tenants between council housing or anyone who wont set up a DD and most of your potential problems will be avoided.

Buy new containers, top grade, don't muck about with used ones. Keep containers 5 years and then replace with new again to make sure your outfit always looks smart. pave the yard or concrete it so you can keep it swept and clean. Lights and cameras and decent padlocks are vital, use the locks that go in the welded on boxes they are best to deter casual scrotery.

Get involved with an insurance co who will cover your storage but make the customer pay for it.

Edited by Getragdogleg on Wednesday 15th November 11:42

[Getragdogleg]

DriveSnowdonia said:

Getragdogleg said:

If you have a bit of suitable land, or can buy some then a small "self Store" type of thing set up with new shipping containers is a pretty good low input bet.

Obviously it depends on your location and market saturation in the area but mine reliably returns around 7k a month.

Trick is to let them to small businesses, painters and decorators, small guys fitting carpet and other trade who need a small cheap space to store stuff. Don't get into renting to the council for tenants between council housing or anyone who wont set up a DD and most of your potential problems will be avoided.

Buy new containers, top grade, don't muck about with used ones. Keep containers 5 years and then replace with new again to make sure your outfit always looks smart. pave the yard or concrete it so you can keep it swept and clean. Lights and cameras and decent padlocks are vital, use the locks that go in the welded on boxes they are best to deter casual scrotery.

Get involved with an insurance co who will cover your storage but make the customer pay for it.

Edited by Getragdogleg on Wednesday 15th November 11:42

Thanks, roughly how many containers would give you that return per month?

I have 50 at the moment at £150 a month, but i started small and built up over lots of years so I didn't have a big up-front Your rates may be higher or lower than mine, I know some places getting £200 a month for a 20ft and others in rural areas only making £100, its up to you to look at your local market and set your rates accordingly. Once the purchase costs are paid back its a nice steady drip feed in that is easy to add more to to increase the return.

[Jon39]

DriveSnowdonia said:

For many years I have been a director of a business in the creative services industry, but this is currently going through an acquisition meaning that I will probably have a large lump sum to look after. I am already heavily invested in stocks and other assets through various funds, have no debt, ...

But I would like to earn an income during this time out. ...

As an investor, you should like me, already have an income.

If you want more practical involvement, and as a business director you probably already have some of the necessary knowledge (hopefully also the required temperament), start selecting the business investments yourself.
Perhaps it might help us to live longer (Mr Buffett 93 and Mr Munger 99).

[BoRED S2upid]

I hear what you are saying re Airbnb’s that boat has sailed and I can’t see it being that hands off to be honest.

How about commercial business? You often see them for sale “business unaffected” do a landlord that wants out but there is a well established business still operating from the unit.

[BoRED S2upid]

DriveSnowdonia said:

BoRED S2upid said:

I hear what you are saying re Airbnb’s that boat has sailed and I can’t see it being that hands off to be honest.

How about commercial business? You often see them for sale “business unaffected” do a landlord that wants out but there is a well established business still operating from the unit.

Agreed, would be open to buying an already operating business, however would appreciate some ideas as to which type of business might be the best type of fit to suit a hands off approach. My current knowledge is in marketing, branding, events and creative communications, all of which are heavily time intensive industries to operate in, so quite different to what I am currently looking for and which as of yet, I probably have little direct experience of.

My idea was more you buy the premises rather than the business and just collect the rent.

I’ve seen hairdressers and beauty salons where individuals rent a chair in the business owners business so sort of 3/4 one person businesses operating from your salon but that would need marketing branding initial outlay to create the space then sit back and leave it to them.

[Joscal]

Jon39 said:

As an investor, you should like me, already have an income.

If you want more practical involvement, and as a business director you probably already have some of the necessary knowledge (hopefully also the required temperament), start selecting the business investments yourself.
Perhaps it might help us to live longer (Mr Buffett 93 and Mr Munger 99).

I’d have thought this too, research and invest in companies you like and it will give you an interest also?

[DSLiverpool]

Consider being an affiliate

[Jonmx]

Air BnB is a pain in the arse. If you have the capital and can purchase a few units then you could joint venture with a Serviced accommodation operator who pays you a fixed and guaranteed rent each month. Plenty of cowboys out there mind, and folks who've done a £1 Samuel Leeds Course and think they know it all.
Pop along to a local Property networking event or two and you'll find decent developers looking to joint venture with investors. As ever, beware the Johnny come lately types and ensure there's legal paperwork in place before committing financially should you go down that road.

[DSLiverpool]

Chap I know made £3k with 4 videos on CBD that took him a few hours.

https://shop.tiktok.com/business/en/affiliate

[Jon39]

Joscal said:

I’d have thought this too, research and invest in companies you like and it will give you an interest also?

Using the long-term hold strategy, it probably more than meets the,'very low maintenace' requirement of our OP.
About fifteen minutes is required each week, for record keeping.

The difficulty however, is that it is a business activity that does require a particular temperament. Would it keep you awake at night, If you dropped £50,000 in one week (on paper). The vagaries of stock markets inevitably move prices all over the place, but if a business can steadily improve earnings, eventually their share price will follow upwards.

Following a couple of good years, 2023 has been poor (for capital values), cannot win every year, although dividend income has risen well above inflation.
Hundreds of thousands business employees are effectively doing work for you, in exchange for your financial backing.
A long 'game', but certainly very low maintenance.

[DSLiverpool]

nuyorican said:

DSLiverpool said:

Chap I know made £3k with 4 videos on CBD that took him a few hours.

https://shop.tiktok.com/business/en/affiliate

I'm interested in this. I have a studio room set up already that has been previously used for photography projects so all ready with backdrops, lighting and tripods etc just sitting there. Are you saying I can make money by making product videos?

Thousands, start with tiktok as it’s all automated. If I was younger I’d be all over it.
I’m struggling to find people for an appliance company presently

[NickZ24]

DriveSnowdonia said:

For many years I have been a director of a business in the creative services industry but this is

Hence looking to take things a bit easier work wise for a few years to concentrate on some other goals/projects, plus some travel, time spent with wife, kids etc.

How about farming?
The weather gets warmer surely there is some kind of fruit, veggies which could be grown in a non monoculture.

[JuniorD]

Do you have nice feet or half decent chebs?