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Even small businesses need all kinds of insurance and you can help them by getting them the coverage that will help save their business on a rainy day. To succeed in this business, you need to be outgoing and network well. But you also need to come across with a smart, consultative sell, not a hard-core pitch. It will take some time to build a corporate insurance brokerage, but this kind of business offers both high income potential and the possibility of someday selling it for a high multiple of earnings.
“Build your business as if you were building a $100 million dollar company, not as if you were building a one person start up. Once you start gaining momentum, you’ll wish you had the systems, processes, and hiring practices of the big companies and not the piecemeal processes of a start up.”
The best form of marketing is through your current customers. While this may seem obvious, most of us just don’t do it. We may feel uncomfortable asking existing customers for referrals or we may not realize how powerful a marketing asset this can be. But if you don’t try you won’t reap the benefits. And it’s actually quite simple to do, if you know how to present your products or services with certainty, and can go a long way towards building your business.
And don’t forget social media as a home-based business. Many churches, other non profit charities, and business owners NEED to advertise via social media. You can either be hired to do theirs or become a consultant who trains their staff. Many churches don’t know the Internet laws like an avid social media user does. They’ll need someone to teach them how to use social media and protect their organization while doing it. Ask me how I know. 😉 My husband and I have worked with some organizations who refused to listen and they ended up with some scandals. Take a gander at what happened to Pastor Alios Bell’s ministry reputation when someone who knows social media happened upon her indiscretion at Applebee’s. Google it. It went viral.
Are you a culinary wizard? Then share your expertise on a micro-consulting platform like Skillshare or Zeqr. These sites allow you to create instructional courses for free and earn an income when individuals consume your content. See this post for 12 different platforms to try out.
This is one of the more difficult business on this list. But if you really want to do it, you can! First, it will take about 3-5 years to grow your grapes. Secondly, you need the right climate. Third, selling what you produce is like a whole separate business. However, people do like to visit and buy wine from local wineries. And I have seen some wineries that are initially producing just a small amount of wine themselves, jumpstart their business and supplement their sales by reselling wine from other vineyards.
If you plan to operate a business in an area that is zoned “residential,” you need to become familiar with the zoning ordinances. Certain business activities are prohibited completely in residential areas. For example, operating a website design company is likely to be permitted, but an auto repair shop may be prohibited.
Typically, they are getting ad revenue through an ad-serving platform. The ad-serving platform may keep around 35 percent of the revenue. Furthermore, the ad rates that advertising space is sold for on blogs through ad servers tends to be very low. So a blog may be a good way to show off your creativity, but less a good way to try to earn even a part-time income.
There are so many possibilities like this. In fact, there is so much opportunity for making good money with little start up cost, that I think people need to get their mindset straight first and foremost. The opportunity is there, but if you’re feeling like a beggar, asking, “What can I make money at,” instead of a success asking, “What do I most want to do that brings me money?” you’ll miss your golden ticket. Come from a place of fullness, confidence, and enthusiasm with an intent to make money in a way that’s stimulating and fun to you, and then just add the business knowledge you need to make a success of it into the mix. If you apply yourself consistently, you’ll have the same successes you see others having.
Are you outgoing, motivated, and energetic? Sales Representatives sell a variety of products and services in varying settings. Many companies are willing to train the right individual and compensation can be very lucrative.
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Some steps apply to all businesses, while others do not. Keep this in mind as you go through the checklist. Some steps may not be applicable to you now, but the information may come in handy as you grow your business…
The only word in the English language with three consecutive pairs of letters is also a great idea for a home-based business. You probably already have the equipment and software you need to start a bookkeeping business, and plenty of business owners would love to get the tedious task of keeping records off their hands.
For the musically gifted, offering lessons to others who want to learn an instrument can be a great source of extra income. Unless you’re teaching piano, students can bring their own instruments to your home for hour-long lessons. Stock up on sheet music or songbooks in varying genres and aimed at various skill levels so you can offer a wide selection for your potential clients. Voice lessons can also bring in a lot of money if you market yourself to local high school and community theater groups.
You would think that in this day and age of electronic communication that messengers were something of the past—but no messenger services are still vibrant. In larger cities bicycle courier services are popular and in smaller cities local messenger services rely exclusively on cars.
For me, knowing that I wanted to be an entrepreneur was the easy part. Figuring out what I wanted to do was the hard part. I read books and looked online, but I didn’t truly understand all of the different opportunities that were available.
This is another heavily regulated business and it’s competitive. But companies that need security need it on an on-going basis and typically they need more than one person. That means every assignment you get can be an annuity stream as long as you service the customer well.
Bottled water is extremely popular these days. That is why starting up a home-based bottled water business may prove to be a lucrative venture. Purchase all the necessary equipment and designate a room in your house for this project. Start small and just work your way up as your bottled water business clientele grows.
However, you will need to get exposure for your business by selling to stores and letting them sell your products or by selling directly on Websites such as Etsy or eBay. Setting up a Website is probably a good idea, too. Then, let your delightful creations speak for themselves.
To be clear, providing care for the elderly often requires a broader set of credentials (as it should) so this business idea isn’t one most people can get started with this weekend. These credentials may include licenses, training certificates, business permits, and tax forms depending on which state you wish to operate, the level of care you intend to provide, and whether you plan on running a formal business or just hiring yourself out as an independent worker as a side business idea. If you’re already giving unpaid care to an elderly relative or friend, you may want to review Medicaid provisions for some compensation. In all cases, you need genuine affection for the elderly, a lot of common sense, and good knowledge of first aid, CPR, and elderly care basics to excel with this side business idea.
Brainstorming Equipment: Some people do their best thinking with a pen and some paper; others prefer a white board and markers. How do you do your best brainstorming? Invest early in the equipment you need to spark your creativity, whether it’s a case of legal notepads or a dry erase board. NOTE: There are now dry erase and chalkboard paints. If you have an extra wall in your workspace, why not turn it into your own dry erase board?
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