Do you want to start a business but don’t want to handle the crucial day-to-day operations or manage them? An absentee business model is the right choice for you. It is essential to mention several absentee business ideas you can consider implementing in 2023.
However, having the knowledge and experience in the particular industry is required to start an absentee business. The key factor in running this type of business is structured planning. Additionally, thorough research about the product or service is required to make the absentee business profitable.
The advantage of an absentee business is that it doesn’t depend on the owner’s experience or expertise. The business’s success or growth depends on your managers’ involvement. So, who can start an absentee business? People who work for a company but want to earn more from a business without being actively present.
Here, we have mentioned the best ideas for absentee business owners:
A Photo Booth Business
You can start a photo booth business, helping to earn a huge amount of profit. It lets people capture high-quality photos during gatherings, occasions, or local events. You will find these photo booths at weddings, concerts, movie theatres, and office parties.
Choose a photo booth for your absentee business that provides multiple photo-taking options. It must have social media sharing and printing options. You must create a website, register your business, and obtain the necessary permits and licenses to start a photo booth business. You can earn $350,00-$500,000 monthly from this business.
Automatic Car Wash Business
It is one of the most profitable absentee business ideas that you must start in 2023. It can be operated without hiring too many employees or associates. People simply need to book or buy a ticket to wash their premium automatic cars. You can find these facilities near provision stores and oil or gas stations.
Automatic car wash business owners can earn $250,000 yearly from a high-traffic spot. The amount of money you can make from this absentee business depends on location, service quality, and the car wash size. So, you must consider these factors before starting an automatic car wash business.
A VR Escape Room Business
The VR Escape Room business has gained popularity over the years. The demand for virtual reality escape rooms is also increasing globally. Thus, starting this absentee business will be a good idea in this modern era.
So, now the question is, how can you start a VR escape room business? Make an effective business strategy and operational strategy. Choose a location where you want to open the virtual reality escape room. Get the required business licenses, and choose the best VR escape games and equipment.
Drive-in Movie Theater Business
You might be unfamiliar with this absentee business type. It is an outdoor movie theatre with a large screen and projection booth. Drive-in cinema theatres let people watch their favorite movies from the comfort of their vehicles.
Are you interested in this type of absentee business? You must have a piece of land or purchase it to make a spacious drive-in movie theatre. According to recent studies, the average annual revenue you can earn from a drive-in movie theater is $500,000 to $1 million.
Self-Storage Business
Go with self-storage if you need an easy-to-start absentee business. Self-storage is a long-term or short-term and secure storage renting facility for companies and individuals worldwide.
Absentee business owners can add lockers, boxes, containers, or rooms to help the companies or people store their belongings. However, you must decide the investment amount before choosing the self-storage units.
Additionally, choosing the right location for the self-storage business is important. Decide whether you want your facility near a town or where multiple offices are located. You must also plan the storage type and size for your absentee business.
Wi-Fi Hotspot Services Company
This is another profitable absentee business idea you must consider in 2023. People these days are highly dependent on the internet. A stable Wi-Fi connection is required from booking services to sending official documents. Thus, you can generate much revenue as a Wi-Fi hotspot service provider.
So, why should you start a Wi-Fi hotspot service company? It lets you start the business from anywhere, including your house. The absentee business owners can earn money through a monthly/yearly subscription or membership.
Property Flipping Business
Flipping involves purchasing a property and selling it to others, earning a property. Finding the right house is important if you want to run a successful property-flipping business. It must have a low market value. The lower the property’s market value, the more profit you can generate.
Moreover, it requires a significant amount of money to invest in properties. Hence. You must start saving to buy the required property for the flipping business. Consider a company name and check the best property you can buy from apps like Zillow, Redfin, and Trulia.
Mortgage Brokerage Business
A mortgage broker acts as a mediator between home buyers and lenders. It might take up to $3,000 to start a mortgage brokerage business. This type of absentee business helps people to find their dream houses. Moreover, you can earn a good commission from this business.
However, earning profit can be challenging for new mortgage brokers in this competitive market. There are thousands of mortgage brokers and lenders. Thus, you must be well-versed in interest rate developments and lending trends to be a successful mortgage broker.
Car Rental Business
Car rental is another profitable absentee business that you can start if you know the auto industry. You can include two types of car rental businesses in your business – retail and corporate. Retail car rental services rent the vehicle to individuals for a month or less.
On the other hand, corporate car rentals focus on the companies that require transportation for their clients or employees. Do you want to run a car rental business? Choose high-traffic areas like hotels, airports, offices, and railway stations.
Network Marketing Business
You must build a network of business partners to start this absentee business. The business partners or salespersons will be responsible for lead generation and sales closing. Anyone wanting to start a networking marketing business must research before making the decision.
You must ask yourself a few questions before starting this business. Here are the questions absentee business owners must consider:
- Will your friends or colleagues buy the product you want to sell?
- Can you promote the product effectively?
- Do you foresee a faster way to earn profit in this business?
- What is the track record of your business partners or sales executives?
Transport and Logistics Business
A transport and logistics business owner deals with moving goods and materials from one place to another. You must use different transportation options to meet your client’s expectations. Communication is the key to the success of a transport and logistics business.
Absentee business owners must have experienced drivers, a warehouse or storage facility, and fleet vehicles to start this business. Moreover, you must obtain the necessary licenses and permits to run a transport and logistics business.
Billboard and Outdoor Advertising Business
Billboard and outdoor advertising companies have high demand in this tech-driven world. This absentee business leases space to advertisers who want to connect to the targeted audience through visual marketing.
So, what do you require to start a billboard and outdoor advertising business? You must secure leases for billboards and other outdoor structures. Negotiate the rate with the professional advertisers. Having a strong connection with the local market is required to earn profit in the billboard and outdoor advertising business.
Alternative Absentee Business Ideas in 2023
You can start a dance studio business if you have enough space in your house or have a studio. Arrange the essential equipment and hire an instructor with expertise in different dance forms like hip-hop and jazz.
Additionally, print-on-demand business can be a great option for absentee business owners. Choose a niche for your business – it can be anything – quotes or fitness.
Decide what you want to sell to the customers and choose an eye-catching design. So, choose the business that requires low investment and can be operated without being present in the location.