2009 Money moves: Start a side business
Filed under: Entrepreneurship, Career
Remember all those great business ideas you once wished you had time to pursue? Well, many of us now have the time, and while, sure, the economy sucks, a good idea diligently pursued can still succeed. Perhaps now is the right time to begin a side business, to pad your take-home pay and cushion you against a sudden job loss.
Many people succeed by discovering an unfulfilled niche. Among those that have caught my eye recently are --
- Internet dating coaches who help people make iHarmony and similar sites work for them
- Salvaging architectural details from old houses
- Training giant rats to sniff out bombs
- Managing medical records and expenses for the elderly
- Hanging out your shingle as a psychic
However, a new idea isn't essential. Many tried and true businesses such as house cleaning, maintenance, dog walking, pet sitting, tutoring, and secretarial services, can be started on a shoestring. Such businesses also allow you to keep the time commitment under control. A common mistake many make is to launch a side business that requires a great time commitment well in advance of anticipated earnings (such as a storefront operation). Those people end up working twice as many hours a week for no more money. Ouch!
Make no mistake, though; a side business requires a great deal of energy. Since most people can find more energy when working on things they find interesting, look first to your passions. Is there a way for fishermen to make some money in the angling business? Knitters in the yard trade? Bakers in the wedding cake field?
Working on something you are passionate about has a second advantage; you probably already have a network that can be indispensable in building your clientele. Most side businesses depend on word of mouth, since paid advertising is a cost hard to recoup.
Who knows? You might find your side business enjoyable and lucrative enough to grow it into your main business. The only downside -- if you don't like your boss, you have no one to blame but yourself.
Reader Comments (Page 1 of 1)
1-12-2009 @ 10:25PM
Joseph said...
Starting a side business. Pretty simple if your an active Entrepreneur Investor. Based on a starting Platinum Membership Fee's $2995.00 towards a Lifetime of Discount Luxury Resort Pleasures that awaits you Worldwide at any Reservation time tables to Book. But there is always a Catch to every Phrase by Selling there Products and Services to other Entrepreneurs and Consumers just waiting for that Superb Golden moment of Opportunity where as pretaining to all steps that you have to notice and in order to be noticed you need to Promote such an Opportunity by investing around $50,000.00 and in order to Promote these type of Products and Services you would need for starters by trying Google Adwords where a few suggestive good keyword tips that could come in real handy would consist of... Small Business Opportunities, Work at Home, Entrepreneurs and Working Investors are pretty much the Charactoristic type of keywords used where those type of keywords would soon receive the attention of others interested in the business offer along with other interesting promotional tools in reference to working with Post Cards, Magazines and Newspapers where the return on that type of investment would partake to around $1,000,000.00 the first year as a reasonable average figure margin but by observing yourself standing on that Beautiful Balcony view over looking the Ocean in this front page Included Link as it presents other Luxury Resorts through each moving page frame: http://www.globalresortsnetwork.com/inner360
While noticing that you just earned $10,000.00 in less than 24 hours from your $2,800.00 17" LCD Brandnew Wireless MacBook Pro Apple Laptop Computer that you just purchased 2 weeks ago after earning in one month $250,000.00 from your old Dell Desktop Computer, I tend to think that anyone's Dream has reached its Final conclusion of Satisfaction in order to notice that this part time side business actually does Pay Off!
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