Home Business Opportunities With Good Income Potential

September 29, 2011

Homepreneurs recently listed several potential business opportunities that can be home based.  We suggested energy options, green services, and service opportunities.  In this post, we list more service business opportunities that in-demand during good economic times and bad.  Each of these opportunities has solid income potential, good prospects, and are good choices for the work at home entrepreneur.

- Web and Internet Services: These cover a variety of positions from social media consultants to website designers and programmers.  Each change in Internet technology – for example, Web 2.0 to 3.0 – provides many options for people interested in starting a home business.  Other business choices include: SEO specialists, Webmaster, content writers, and specialty programmers.  A good choice for information is the O’Reilly line of books.  Find titles at www.oreilly.com .

- Tax Preparation Services: One of the three absolutes in life: taxes.  Tax preparers aren’t seasonal workers only; certain forms of business file quarterly taxes.  In addition, nearly half of U.S. adults use a tax service or accountant to prepare for and file with the IRS.  Most states don’t require a license to be a tax preparer; for those wishing to get credentials are available through self study materials.  Another tax occupation – tax reviewer – are specialists in tax preparation and help people resolve problems and mistakes.  For a list of tax-preparation resources, review www.taxsites.com .

- Business Support Services: This service field covers a variety of administrative work needed by small businesses and professionals.  Examples include: Word processing, transcribing, drafting proposals and reports, proofreading and editing documents, and much more.  These positions are often called “virtual assistants” and work can be done at home, in a library or anywhere with an Internet connection.  Interested parties should look at Amazon’s Mechanical Turk and Short Task.  Persons looking for a mentor or certification can visit the International Virtual Assistants Association .

Homepreneurs wants to help everyone start a business that wishes to.  As part of that process, we provide ideas for home-based businesses and additional support for marketing, branding, and creating revenue for a new business.

As always we appreciate your visits, comments, and questions!

By Dion D Shaw

Dion D Shaw is the founder and owner of Homepreneurs

Homepreneurs.  New Day. New Opportunity.

© Homepreneurs 2010 – 2012, All Rights Reserved

Disclaimer

Homepreneurs does not endorse nor have any relationships with any of the services listed.  Homepreneurs receives no compensation or consideration for its suggestions.  Homepreneurs strongly urges all interested parties to conduct research and accepts no responsibility for any losses incurred.

© Homepreneurs 2010 – 2012, All Rights Reserved


Accepting Credit Cards and PayPal For Payment

September 27, 2011

Homepreneurs appreciates our guests and attempts to answer questions related to starting and running a business.  A recent question on our Twitter page – @homepreneurs – is from LCWL: For a home business is it possible to get payments through a credit card service like a store?

The simple answer is yes, but costs, setup charges, and transaction fees may apply.  Low margin home businesses, the charges may be more expensive than the convenience.  For higher end home businesses, there are advantages of accepting credit cards:

-        A business gains credibility and appears established when taking credit transactions

-        Cash flow is better because the purchase money is directly deposited into an account

-        Tracking and recourse are easier with credit transactions

-        Customers that pay with credit tend to spend more than non-credit clients

How a business sets up credit payments

-        Open a business checking account or savings account or both

-        Establish a merchant account.  A bank, credit card company or other provider can grant you merchant status or allow a merchant account.  This is not always easy and depends in part on the business you have.  Risky businesses (adult sites, online casinos, ticket brokers) generally need to be established and have a good credit history.

-        Your business credit rating may not be the same as your personal credit history.  Buy credit reports for business from Dun & Bradstreet or Credit.net.  Personal credit reports – for you or customers – are available through Equifax, TransUnion, and Experian.

Typical costs involved

-        Setup charges: Including application fees (from free to $300 or more)

-        Software and hardware fees: For point-of-sale terminals and software licenses

-        Transaction fees: Flat fee for each transaction, from $.20 to $.50

-        Monthly charges: Statement fees, monthly minimums, leasing fees for equipment

A decision to accept credit payments must be compared to the costs incurred.  It also pays to shop around for the best deal from a bank or merchant service.

The PayPal alternative

PayPal started from the popularity of eBay auction services and similar concerns and has definite advantages over the major credit cards:

-        No long application is required.  Go to PayPal’s website and establish an account in minutes

-        PayPal does not charge monthly fees for software and does not charge per transaction

-        PayPal isn’t fee, but the cost is likely much less than traditional merchant accounts

We recommend seriously considering PayPal as an option for a start up business, especially one that sells via a website.  My personal photography site – SteppingStoneStudios – uses PayPal to save cost.  Easily set up, maintained, and secure, PayPal is definitely worth a look.

By Dion Shaw

Dion D. Shaw is the founder and owner of Homepreneurs.

Homepreneurs.  New Day.  New Opportunity.

Disclaimer

Homepreneurs does not endorse nor have any relationships with any of the services listed.  Homepreneurs receives no compensation or consideration for its suggestions.  Homepreneurs strongly urges all interested parties to conduct research and accepts no responsibility for any losses or damage incurred.

© Homepreneurs 2011


Even More Home Based Business Opportunities

September 26, 2011

 

Business opportunities are the most important reason for Homepreneurs.  Everything else is ancillary to owning or creating a business.  We write about marketing, financial matters, social media tips, and many others.  These tips are quite useful but do not offer the income, purpose or goals you chase.

Continuing recent articles, this is another with several business options for any market, good or bad.  These are services that companies will pay to have others perform.  These opportunities are often home-based and pay well.  Click on the links to research more about and to take advantage of these options.

-        Computer Consulting: Virtually every business uses technology at some level.  Small business owners are busy with daily business tasks and have little time or inclination to remove the malware that infected the computers.  Backups?  Probably once a year or so, though losing a year’s worth of customer data could be very damaging.  There is a need for small and home business computer consultants: I was one in the past.  Technical training and experience are important as are strong customer service skills.  Some good resources: ICCP and ICCA.  Both are professional organizations for computer consultants.

-        Bookkeeping: As with technology, business people often have little time or desire to do the tedious work of accounting.  When times are difficult, these jobs are often the first outsourced to a professional.  Some bookkeepers specialize of course, in accounts receivable or payroll, while some bookkeepers work in specific industries: Retailers, doctors or lawyers.   More information about professional bookkeepers is found at the American Institute of Professional Bookkeepers (AIPB).

-        Paralegal Services: All business entities need legal services from time to time.  Some of these functions are basic: Leases, contract reviews, and various forms. Some paralegals are independent and much less expensive than an attorney while others work with an attorney or a law firm.  The demand for paralegals is expected to grow considerably over the next 5 to 10 years.  For more information, consult the American Association of Paralegal Education (AAFPE).

Each of these positions is an always in-demand field to seek employment or to start a business.  As always, do your research and homework before deciding.  Best wishes for your success!

By Dion Shaw

Dion D. Shaw is the founder and owner of Homepreneurs.

Homepreneurs.  New Day.  New Opportunity.

© Homepreneurs 2011


Home Business Success Story: Moonlight Designs

September 25, 2011

Homepreneurs loves relating home business success stories!  Entrepreneurs like Alona M. prove that starting and running a business from home is a real possibility.  A look at her talents and products on http://www.etsy.com/shop/moonlightdesigns2 reflect a commitment to quality and excellence.

In her own words: I love designing jewelry from my studio in Alaska, where I am inspired every day by our beautiful mountains and wildlife that surround me to create beautiful works of art to wear and hope you will find one of my unique handmade pieces that is perfect for you!

Alona was very gracious and responded to a recent interview request about her business.  An edited version is found below:

HP:         Why did you start your own business?

AM:        I started my jewelry business for 2 reasons:  I needed to quit the corporate grind per my Doctor –  it was greatly affecting my health – too much stress.  Second I had just lost my father whom I was very close to and one day I guess everything just clicked and I knew that life really is too short and that I would not be happy doing anything else but running my own business.  I use my artistic skills – a big part of me – to create a product line of handcrafted jewelry.  I love what I do and have never looked back!

HP:         How long has the business been around?

AM:        I started my business just 3 years ago and have been working hard to build it up.

HP:         What are the greatest challenges you face?

AM:        Probably the greatest challenge is to not get burned out.  I work pretty much non-stop every day: Creating new pieces of jewelry, taking photos, listing items in my on-line shop, marketing and packaging.

HP:         What advantages does self-employment provide?

AM:        The greatest advantages to being self-employed are of course being my own boss and working from home, no more commuting!

HP:         Do you have any tips/suggestions for those considering entrepreneurship?

AM:        Do your research first before taking the leap to self-employment.  Whatever business you decide to take on, have a business plan!

HP:         Do you use social media at all (e.g. Facebook, Twitter, LinkedIn)?

AM:        I use different forms of social media to market/advertise my business such as Facebook, Twitter, LinkedIn, Yammi and others.

HP:         Where do your greatest numbers of customers come from?  Word of mouth, networking, social media, advertising…

AM:        Most of my customers come from networking, including doing shows where I get to meet the public and sell in person.

HP:         If you could change one thing when you started, what would that be?

AM:        If I knew in the beginning how time consuming running your own business is, I may have had second thoughts, however it is well worth the time.

HP:         What are the rewards of self-employment?

AM:        Being self-employed means I am in charge, I choose when to work and when to quit on any given day.  I am also able to get away more for trips out of state or even out of the country.  I simply take my laptop with me to keep in touch with my business and network.

HP:         And where can people view and buy your products?

AM:        http://www.etsy.com/shop/moonlightdesigns2

HP:         Thank you very much for your time Alona, and continued success!

Moonlight Designs is a wonderful example of how dreams come alive.  Alona identified her talents, identified a market niche, and used a low-cost hosting service – Etsy.com – to provide a distribution channel for her product.

By Dion D. Shaw

Dion D. Shaw is the founder and owner of Homepreneurs

Homepreneurs.  New Day.  New Opportunity.

Disclaimer

Homepreneurs does not endorse nor have any relationships with any of the services listed.  Homepreneurs receives no compensation or consideration for its suggestions.  Homepreneurs strongly urges all interested parties to conduct research and accepts no responsibility for any losses incurred.

© Homepreneurs 2010 – 2013, All Rights Reserved


Green Business Opportunites for Any Economy

September 21, 2011

Energy consulting jobs aren’t the only home business opportunities that are available in a bad economy.  Sometimes potential job seekers must be creative and find problems to solve.  This post looks at careers that help others become more environmentally friendly or green.  These are businesses that often involve consulting or freelancing and are good for Homepreneurs.

Difficult economic times call for resourceful solutions in cost savings in all areas.  An important – and necessary – one is the environment and its treatment.  The ‘green’ drive – re-using materials, alternative power, recycling – presents many opportunities for a motivated individual.  Some options in this industry and for business start-ups are listed below.

- Remodeling: This is not exclusive to a down economy.  Home and business owners often choose to remodel instead of moving, especially in the current economic climate.  Foreclosures can be picked up for a low price; remodeled it may sell for a much higher price.  This is a practice known as flipping a property.  Though not currently a good option, real estate values will eventually recover and better homes will sell at higher prices.  Also to consider when remodeling is green remodeling, creating more energy efficient and environmentally friendly rooms.  For those interested in learning more try these two resources: National Association of the Remodeling Industry, and the National Association of Home Builders Remodelers Council .

- Environmental Cleanup: Including problems like mold, asbestos, radon, hazardous waste, and lead paint, cleanup and remediation are vitally important to the environment and health.  Several organizations offer training and certification in these areas, a must when choosing this as a business.  Consult the Environmental Information Association (EPA) for additional information and a list of training providers.

- Green Services and Consulting: Energy costs will continue to rise, driving demand for unique green services.  These can include ride sharing services, bicycle repair and customization, and local recycling or computer disposal services.  Many mentioned are appealing to local business as they attempt to be good corporate citizens.

Compiled by Dion D Shaw

Dion Shaw is the founder and owner of Homepreneurs

Homepreneurs.  New Day.  New Opportunity.

Disclaimer

Homepreneurs does not endorse nor have any relationships with any of the services listed.  Homepreneurs receives no compensation or consideration for its suggestions.  Homepreneurs strongly urges all interested parties to conduct research and accepts no responsibility for any losses incurred.

© Homepreneurs 2010 – 2012, All Rights Reserved


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