This article is Part 2 of a 2-part series focusing on selling a business. While sales of businesses are strong, it is estimated that well over a majority of the businesses listed for sale do not close! The first step is to understand how much time an…
With many websites getting the majority of their traffic from search engine results, it is no wonder that the demand is huge for SEO specialists. Sure, the days of playing “black hat” tricks on search engines are long gone, but there are many legitimate levers you can pull to help bring web pages to the first page of search engine results.
Like to grow vegetables? Focus in on one vegetable and sell the excess to grocery stores and at farmers’ markets. My father does this with tomatoes and earns some solid extra money during the summer months. You can do really well, though, if you can grow things inside during the winter – February fresh tomatoes can sell quite well.
Please note that some of the links below are affiliate links and at no additional cost to you, I will earn a commission. Know that I only recommend tools and learning resources I’ve personally used and believe are genuinely helpful, not because of the small commissions I make if you decide to purchase them. Most of all, I would never advocate for buying something that you can’t afford or that you’re not yet ready to implement.
Secure start-up costs. Most businesses require capital to start. Money is typically required to purchase supplies and equipment, as well as keep the business operational for the period before your business becomes profitable. The first place to look for financing is yourself..
A business idea that looks good on paper may not be that attractive when you actually get into it. An expert’s opinion may help you look at things from a different perspective and gain more knowledge that you may lack.
Aside from your passport and other legal requirements, a letter is also needed from your sponsor to highlight his or her, or your personal information, the reason for the visa application, and the likes before processing.
Find a unique product category that’s still untapped by the box subscription industry, or find a way to put a new spin on an existing service, and you could have a lucrative business on your hands. Keep it as inexpensive as possible — according to LearnVest, offering cheaper products will help you stand out from the competition.
To succeed at car resale, you need to find a great source of used cars at a good price. Sources to buy cars include: car dealer auctions, bankruptcy auctions, new car dealers selling older cars they don’t want on their lot, government car auctions, and rental car agencies. You can also watch for bargain priced cars being advertised by individuals, but you need to snap up the best deals before someone else does. Focus on just a couple cars at a time, so that you can try to keep your overhead low by operating out of your house, and keep your profits up by choosing your cars carefully.
Investment: Startup costs will depend on the type of services you provide. The upfront costs should be lower if the business is nonmedical and assists seniors with basic daily tasks, although training and licensing may still be required.
Every company needs content for their website to attract search engine traffic and develop a bond with their customers and potential customers. Hence the market for creating web-friendly content has exploded with both large firms and independent content marketers helping to fill the need. Specializing in the needs of a particular industry can help jump-start your business, but many companies are willing to hire content marketers who are good researchers and can write well, even if they lack specific industry expertise.
Many online sellers try to bake their shipping costs into their retail price so that they can offer free shipping, or at least a reasonable flat rate. Others focus on encouraging shoppers to add more items to their cart with conditional free shipping (e.g. free shipping on orders over $50) to maximize their profit.
A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that’ll keep you outdoors and moving your body on the weekends.
The idea of this business is that you can personalize just about anything your customers may want. T-shirts, hats, mugs, pens…you name it. Initially you may want to outsource all of the work, but if your business takes off you may want to bring some of the personalization processes in–house to further boost your profit margins.
Beware of business propositions that seem to offer “something for nothing.” They probably involve taking something from somebody—usually you. There are innumerable variations, some more polished than others. Examples include pyramid schemes and advance-fee fraud.
I think providing eBay selling and shipping services is a great, high-demand service business. This is a very different business than what I would call eBay trading where you buy and sell products on eBay. A trading business can have high potential but it also has higher risks and may take longer to make money at.
However, there are plenty of reasons you might want to form a corporation, too. Let’s go over the key distinctions between each business structure so you can get an idea of what sounds like the best fit:
Referrals and showcasing your work in an online gallery are two keys to gaining new clients. If you don’t have a lot of experience in photography but still want to pursue this business idea, try working as an assistant to a professional photographer to build up your resume.
Follow the naming guidelines: Your entity name must contain the words Limited Liability Company or the abbreviation L.L.C. or LLC. Restricted words (e.g. Bank, Attorney, University) require additional paperwork and may require a licensed individual, such as a doctor or lawyer, to be part of the LLC. Prohibited words are those that would confuse the name of your LLC with a federal or state agency (e.g. FBI, Secret Service, Treasury etc.)
DogVacay lets pet lovers make extra money dog sitting a pooch or cat from the neighborhood. Once vetted, set a price and have fun for the weekend or even during the week, schedule permitting, with a loving pet. DogVacay also offers insurance, 24-hour support and other services that makes pet sitting easy and fun.
Learn about employment laws. If you plan to hire employees or contract workers as part of your home based business, you will need to know how to navigate labor laws. These include, but are not limited to, minimum wage, overtime pay, required benefits, and other fair compensation regulations. It’s best to hire legal counsel to make sure that you do not run afoul of these regulations.
If you love baking and are able to keep your hand out of the proverbial cookie jar, making gourmet cookies is a great side hustle with plenty of long-term potential. Start by learning how to execute unique and tasty gourmet cookie recipes, then seal the deal by creating or purchasing professional-looking packaging. Sell your cookies online or to people in your local community.
Instead, at least for now, forget branding and unique selling propositions and all the business-identity stuff. And don’t worry about finding the perfect URL or website design or promotional literature. You’re putting those carts way before your business horse, too.
Digital products like music, courses, and templates are unique on this list of ideas. Unlike the others, they’re not tangible products. There aren’t recurring manufacturing or shipping costs to worry about so your margins can remain high.
The major benefit of becoming a foreign corporation is that it allows your company to operate as one entity in many jurisdictions. For example, if you originally incorporate your LLC the State of Delaware, you can file your existing domestic LLC as a foreign corporation in other states.
LLC: LLCs are the most popular business structure because they offer the protection of a corporation without the double taxation or extra paperwork. California allows SMLLCs (single-member LLCs), so you can form one even if you’re the only member of your company. Read our guide to more about how to form an LLC in California.
While there are all kinds of training that corporations will pay for, I am focusing on sales training because the demand is so widespread. It is an absolutely critical function, even for small businesses. If you don’t have great contacts at larger companies I would suggest you target smaller firms, such as those with sales forces of 6 to 20 people. Small enough so that everyone isn’t trying to sell them training, but large enough that they are likely to be willing to pay for it.
If you’re thinking about starting a business, you likely already have an idea of what you want to sell, or at least the market you want to enter. Do a quick search for existing companies in your chosen industry. Learn what current brand leaders are doing, and figure out how you can do it better. If you think your business can deliver something other companies don’t (or deliver the same thing, but faster and cheaper), you’ve got a solid idea and are ready to create a business plan.
Though we already suggested a wine bar/coffee shop combo above, the clientele you’ll attract for that small town business idea versus this one is significantly different. Think first dates and book clubs versus Super Bowl Sunday and Monday Night Football. Speaking of which, special events for sports games can drum up major business. Opening a successful sports bar in a sports-centric town can be a great investment. But if you miscalculate the interests of your town, it can also be disastrous. So make sure you know the personality of the community going into this venture.
If you need financial assistance, a commercial loan through a bank is a good starting point, although these are often difficult to secure. If you are unable to take out a bank loan, you can apply for a small business loan through the Small Business Administration (SBA) or an alternative lender.
Reservation Sales Team Members are paid a base pay of $9.00 per hour + incentives. Incentives are based on your ability to meet sales metrics and other performance goals, and can range in amount, up to $2.00 per hour through the iEarn incentive program.
What price do you intend to sell your product or service for? How much will it cost you to produce? Work out a rough estimate for net profit—factoring in fixed costs like rent, energy, employees, etc.
Many ultra-busy professionals appreciate having someone who can check and answer their email, organize task lists for them, update their calendars, and other administrative tasks, with minimal interaction. The best part is that you can provide this service from home with a good Internet connection.
Bridal consulting/wedding planning seems like a lot of fun to get into, but it is also a lot of work, stressful at times and competitive. Nonetheless an established bridal consultant can earn very good money.
Around here we focus our efforts on valuable ongoing education, exploring the newest software solutions for new businesses, and sharing insight from fellow change-makers, ambitious creatives, and innovators. Sound good?
I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.
Now that you’ve got your financial foundation set up, it’s time to get some money rolling in. Colorado is said to have the strongest economy in the U.S., so there are tons of funding opportunities are there — but not all of them are right for every new business.