Tuesday, September 30, 2008

Starting an At-Home Big Money Business # Part II

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"Hello, this is Daddy's business"
You must realize that there will be some (charming) complications to running a business from home and one of those complications is when a fairly small child answers the phone for a business call. "No, this isn't the Smith Company, this is my house" may throw a business associate calling your "office" for a loop, temporarily. Most people react quite graciously to this, but it does point up the advantage of having a business number that rings only in your work area.

Getting temporary help
There may be more work at times than you and your family can do yourselves. Your volume of business may be greater on certain days of the week, certain times of the month, certain seasons of the year. At those times you may need extra help to handle the work. Or you might need a bookkeeper or secretary or clerk one week a month to help you keep up-to- date on your record-keeping and paperwork. When you need such help, the most convenient way to get it is to hire someone through an agency that provides temporary workers.

Manpower and Kelly Girl, for example, are two of the best known agencies in this field. Hiring though such an agency has these advantages: they will send a person who has the skills you require which means you won't waste time training the person. The worker they send understands that the job is temporary and won't make you uncomfortable by asking to be kept on permanently.

And, because the worker is employed by the agency (not by you) the agency takes care of the worker's payroll records, tax deductions, insurance coverage, fringe benefits, and so on.
You are free from those responsibilities.

The right business for you
When selecting a home business you should consider these factors:
* Is the service or product you intend to provide already easily available in your area? If it is not available and if there appears to be a need for it, these factors are in your favor. Consider all the things you own that might be used in some way as equipment for your business: a car or truck, a typewriter, a mimeograph machine, and so on. I you can use them, it will greatly lower your starting costs.

* Is it a business that suits your personality and tastes? One that you feel good about, that fires your imagination? It should be. Enthusiasm can be a priceless ingredient in the formula for success!

Home businesses that work
You must, of course, choose the home business that is right for you. There are many books that will give you long lists of potentially money-making businesses for you to consider. A relatively short, but highly recommended, list of potential business ventures will be found in another of this series of reports entitled 37 Instant Moneymaking Part-time Businesses. Handwriting analysis by mail. A great little business to operate from home. First off, study up on the subject; it isn't too difficult to learn, and it's interesting. You will find lots of books on the subject at your local public library.

Once you've started studying, you can start placing some small- space ads, in local papers, and in literary-type magazines, psychology magazines, and wherever else you think you can find the people interested in having their handwriting analyzed. Then you just sit back an wait for the letters (and checks, money orders and plain old cash ) to roll in. Be sure to keep a record of how much you get from which ad (by using a key, such as changing your middle initial in each ad), so
you know which pull best.

After you get more confidence in making rapid analyses, you can even give personal consultations in your home if you want to do this. Guaranteed lucky four-leaf clovers. It used to be that people thought they would be lucky if they found a four-leaf clover when they were walking in the fields. Now some smart farmer, who must also be a good businessman as well as a skilled plant biologist, has figured out a way to get exclusively mutants, so he can supply unlimited four-leaf clovers.

You can cash in on this handsomely by buying a quantity of them and embedding them in clear plastic (casting resins and instructions can be obtained at any hobby shop), in the form of key rings, brooches and paperweights (or anything else you can create.) The real gimmick comes in the merchandising of them, because you should advertise them as guaranteed lucky genuine four-leaf clovers, with the slogan "If you don't get lucky in the next year with this genuine four-leaf clover, we'll give you your money back".

Within a year most people have at least one good thing happen to them, so you will probably get very few requests for money back. Instead, you are likely to have lots of satisfied customers who feel that now they have finally gotten lucky, proving that the four-leaf clover worked! With this approach, and an attractive small-space ad, you ought to do well with four-leaf clovers.

Back To Starting an At-Home Big Money Business # Part I

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