setting up a small business | forming a business

Come up with a pricing model. Start by checking out your competitors. Know how much are they selling a similar product for. Can you add something to it (add value) to make yours different and hence make it a more enticing price?
#28 – ShowMojo is dedicated to streamlining the real estate business with solutions to home owners and managers. The company currently is hiring particular work at home positions to help with scheduling and showing process of rentals. Posts such as sales manager, call center manager and automation expert pay about $20 an hour.
If your mastery of another language is good enough to have the grammar and spelling down, translating is a great side business idea to set up for yourself and can even be done remotely. Flexjobs has literally hundreds of freelance, remote translator jobs available right now and if you’re looking to land more remote work on the side of your other pursuits, check out my guide—how to get a remote job (this weekend).
I love Gene Mahon’s blog about Nantucket. Great photos and well presented. Overtime he has built up a good advertising base. Like any blog it takes time, energy, consistency and patience to build a following. But if you enjoy taking pictures, attending events and meeting people, a local blog can be a lot of fun.

If you tell people you run a lawn-cutting service they might laugh at you, but so what! You can make a lot of money cutting lawns! You can start with one lawn and a second-hand lawn mower, and grow your business into riding mowers, full landscaping services, fancy trucks and trailers, and lots of happy customers! Click here to see the sample marketing plan I wrote for a lawn service business.
Choose a registered agent. In addition to filing the articles of incorporation, you will also need to choose someone to be the LLC’s “registered agent” for service of process. In most states, the registered agent can be either a domestic entity or a foreign entity that is registered to do business in the state or an individual resident of the state. Typically, one of the partners of the LLC will act as the agent .
Federal: The Small Business Association website has tons of helpful information on federal tax requirements and federal licenses and permits. The business taxes page on the IRS website is also an excellent resource.
Another way to hold onto your competitive edge is to stay proactive. If you know that your business is going to face challenges or encroachment by a competitor, don’t wait to react — plan ahead and you’ll stay ahead.
Investment: You can reduce your initial costs by starting small and part-time. Besides needing a professional camera, lighting equipment and editing software, costs may include website setup and marketing, and hiring photography assistants.
Every business needs help with their Internet marketing. And now I see even the smallest businesses hiring specialists for individual aspects of digital marketing. For example, they may hire one expert for pay-for-click search engine advertising, another for Facebook marketing and still another for SEO for their website. So, you could focus on one aspect of digital marketing, or you could be a generalist.
Competition isn’t just about the goods or services themselves. It is also about your social and environmental credibility. Consumers are increasingly conscious of the need to show that your business is concerned with labor conditions and isn’t damaging the environment. Certification endorsements from reputable organizations, such as labels and stars, can reassure customers that your product or service is more aligned with their values than one lacking the certification.
Copyright © Leaf Group Ltd. Use of this website constitutes acceptance of the BIZFLUENT.COM Terms of Use and Privacy Policy. The material appearing on BIZFLUENT.COM is for educational use only. It should not be used as a substitute for professional financial and/or investment advice. BIZFLUENT.COM does not endorse any of the products or services that are advertised on the website.
Is your business idea really unique? What value will it generate? Is it something your target audience really wants? Or is it something you think they’d want? Getting answers to these questions is important to determine whether or not your idea works.
If you don’t generally need an office beyond your home, but may occasionally need meeting space, there are often places that can address those needs. A quick Google search on “business meeting rentals [your city/state]” will deliver plenty of rental options in your area.
Not only is a fashion blog fun to create, but it is the kind of blog that you have one of the best chances of monetizing. If you can develop a significant following you may be able to earn money as a paid “influencer” for brands. Creating a successful blog can take a long time so make sure it’s something that you enjoy doing.
CloudSource, the work-at-home division of Sutherland Global Services, employs customer service consultants from all 48 contiguous states to support industry leaders in the cable/Internet service, retail, software, and gaming console industries. While all CloudSource positions are customer service in nature, some are more heavily focused on sales and/or technical support. Inbound calls only, paid training, ongoing support and growth opportunities exist … All from the comforts of your own home.
Events like family reunions and large parties are often full of busywork that many people simply don’t want to tackle. That can be the perfect place for you to step in and take charge of the planning and coordination. And thanks to the Internet, it is now easier than ever to market your event planning services.
Initial Outfitters – Whether you are looking for extra income, more time with the girls, or you want to make a difference in the lives of others, Initial Outfitters can be just that & more for you. You set your own hours to achieve your own income goals and dreams, so you never have to miss the big {or little} moments in your life! Our boutique-style line of personalized jewelry and gifts appeals to women of all styles and ages, and is sold exclusively by our Independent Outfitters … women just like you! Through our partnership with Charlie’s Lunch Ministries, we now annually fund 19 Charlie’s Lunchrooms around the world, feeding over 1,300 children physically and spiritually. Join us for as little as $99 and Make a Living that Makes a Difference! For more information, contact us: InitalOutfitters.com or via email info@initialoutfitters.com.
If you love to cook, take the “Blondie” route and start a home catering business. Catering is a business that’s perfectly designed to reward those who plan well, and it can often fit perfectly into weekends, which could work great if you are trying to build a business outside of normal working hours.
Believe it or not there’s a treasure trove of valuable items being thrown away by big box stores around the world. Electronics stores toss out everything from printer cartridges to tablets, and if you’ve got the stomach for rummaging around in dumpsters you can easily earn a bit (more than you ever thought possible) with this side business idea.
From the advent of rapid prototyping and crowdfunding to the widespread affordability of digital tools and technologies, the opportunities available to creative people today are fundamentally different — and enormously exciting.
Today, just a few years later, selling Apps is more competitive. In fact, there are large marketing firms that exclusively focus on marketing apps. Nonetheless, there is still money to be made in making and selling apps.
I find the car wash business highly attractive and even considered opening one at one point. You have a regular clientele, in many areas the competition isn’t too intense, and there is lots of room to upsell more expensive services like detailing. If I was going to go into this business, I might consider starting with a smaller facility in a smaller market, and really learning the business before going for a larger facility, in a more competitive marketplace.
If editing and advising college students on how to write compelling 500 word essays on topics such as “You were just invited to speak at the White House. Write your speech,” seems like a compelling business idea to allocate your free time towards, trust me—tons of parents will pay you to edit admissions essays and offer constructive feedback for their children. Be careful not to blur the ethical line of actually writing their essays, but serving as an editor to help them convey their message can become a great side business idea that has the potential to spread by word-of-mouth referral in your community.
Think about how you can zero in on a specific audience for your products and how the business you build can serve them. If you already have a sizeable audience (a blog, a YouTube channel, or an Instagram account), maybe you can even find a way to base your business off of that existing audience.
The biggest gaming companies spend millions developing their latest offerings and lots more money promoting them. Can you compete? Yes, you can. A recent college grad we hired had just launched her own game, and was getting hundreds of thousands of downloads. Sure, it’s a whole additional level to get people to start paying for your games, but it can be done.
C Corp: The main difference here is that C Corps may have an unlimited number of shareholders from all over the world, and the corporation itself is required to pay taxes. Learn more about how to form a Corporation in California.
Reserve your business name. In some states, you can register your business name when filing your articles of incorporation. However, in other states, you must separately register your name before forming your LLC.
Swagbucks is an online platform where you can earn points called SB, which can be redeemed for gift cards and coupons. You can easily earn SB points by watching videos, playing games, answering questions, shopping online, and even surfing the web using their toolbar. Refer your friends, and you’ll earn even more SB points. Your SB points can be traded in for gift cards from Amazon, Target, Starbucks, PayPal, and Walmart.
Then you can move into more actionable online courses like Modern Web Design on CreativeLive and Learn Web Design and Profitable Freelancing on Udemy will teach you everything from foundational web design knowledge to earning your first freelance income as a web designer. On top of that, you can take even more immersive courses and learning experiences with access to direct instructor feedback and personal mentorship with platforms like Treehouse, Lynda and General Assembly to get up-to-speed even quicker with this career path and listen to my podcast interview with Ian Paget about how to become a freelance designer as a side business idea.
Car flipping can be a fun way to turn your love for cars into a quick side business idea if you have the capital and a stomach for the inherent risk. Buying and selling cars is similar to other “buy low, sell high” business models, but the profit potential per hour invested can be very high. According to Jeremy Fisher at 3HourFlip.com, the trick is to learn how to make car deals come to you, so you can minimize your time invested and maximize your profit on each flip with this side business idea.
To understand more about search engine evaluation and how it works, the eBook Make Money From Home a a Google Rater, is just .99 cents on Amazon with a four and a half star rating out of almost 70 customer reviews.
While, it’s nice to do business with a handshake, there’s no substitute for a well-written contract. Indeed, many contracts are not valid unless they are in written form. The exact number of this type of contract varies between states, but here are a few common examples:
Sole Proprietorship: Consider this the path of least resistance, but know that it comes at a price. If you’re operating without any partners and haven’t registered a formal business structure, you’ll automatically be classified as a sole proprietor and have no liability protection whatsoever. No need to file articles of incorporation/organization, but you might benefit from filing a DBA.
This step can be as simple or as time consuming as you want it to be. All you’re really doing is establishing your brand’s finances through two components: your dedicated business bank account and your accounting software. Once that’s in order, your books are building on autopilot, all clean and tidy in one place.

Leave a comment

Your email address will not be published. Required fields are marked *