Tag Archives: female entrepreneur

Business On A Budget

 

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10 Legitimate Businesses You Can Start for Under $20

I found this article a great read! #1 and #2 are my favorite! I help people build a very lucrative career in those areas. For more info on how I can help check out these services here. Enjoy this great article!

 

Whether you’re starting a business on the side while still employed elsewhere, a student or homemaker looking for extra income, or unemployed and trying to figure out what to do, there are plenty of opportunities for you to start up a side business inexpensively. It’s unlikely any of these will make you a living in the first few months, but they all have the potential to grow into full-time businesses.

We’ll take a look at 10 such opportunities and, most importantly, tell you what to do with the $20!

1. Webpreneur

It’s what everyone who’s ever surfed the Web dreams of-just stick a web site up there and watch the cash roll in! Well, that just doesn’t happen overnight, but the fact of the matter is it’s really not very hard to do.

To do it right, start by picking a subject matter you know a lot about. Then get a domain and create a web site. It doesn’t even matter what technology you use-just be totally anal-retentive about it looking good and provide plenty of original content. Now find some appropriate affiliate programs-that’s where your revenues are going to come from. Next, learn everything you can about search engine marketing and promote the heck out of your site. Last of all, set aside time every week to put new content on the site, delete dead links, and other maintenance. Now do this three or four times, and you’ve chosen your topics well, you might actually have some decent income from it.

Spend the $20 on: $8 or less for a domain (see our Online Business Guide’s list of cheap domain name registrars) and $12 for a year of hosting (search for “$1 hosting”).

2. Consultant

Getting into consulting is relatively simple. All you have to do is know how to do something better than most people do, and be able to either teach people how to do it or be willing to do it for them. Networking is the key to success in this business, so start by making a list of everyone you know and giving them all a call.

Spend the $20 on: $14 on a box of clean-edge laser or inkjet business cards and $6 buying your first prospect a cup of coffee one morning.

3. Housesitter / Petsitter

Particularly since 9/11, people feel an increased need for security, and housesitting gives them some reassurance while they’re out of town. This one’s great because it basically requires no particular skills, just trustworthiness and reliability. Be sure to have personal references available, and you’ll also need reliable transportation. If you’re an animal lover, petsitting is an easy add-on.

Spend the $20 on: $2 on flyers to put up on bulletin boards, and the rest on classified ads in your local neighborhood paper (not a big city-wide one).

4. Professional Organizer

People these days are simply overwhelmed by their “stuff”. While there is an ever-growing trend of people wanting to simplify their lives, most of us haven’t done it yet. It’s not that people really have no clue how to get organized, it just keeps moving to the bottom of the stack, both figuratively and literally. There’s a prime opportunity for people to come in at a reasonable rate and get houses organized. And while there is a National Association of Professional Organizers that you can join when you’re ready, mostly it takes common sense, organizational skills, and a familiarity with what can be had at your local office supply and The Container Store.

Spend the $20 on: Classified ads.

5. Avon Independent Sales Representative

Cosmetics is a virtually recession-proof business, because it’s an inexpensive way for people to feel good about themselves. Avon is the largest consumer direct sales company in the world, with annual sales of nearly $6 billion. In business for well over 100 years, they have both a highly reputable product line and one of the few highly reputable multi-level marketing structures (in fact, they invented it). They also offer fashion and wellness products in addition to their beauty products. And while they bill themselves as “The Company for Women”, a fairly substantial number of men have actually been very successful as Avon reps. The secret to making a living at it rather than just a little extra spending money? Build your downline-just like with any other network marketing or direct selling business.

Spend the $20 on: $10 signup fee, and $10 on brochures and a few samples.

6. Personal Services – Shopping & Errands

This is a great one going into the holiday season. Believe it or not, there are people who wouldn’t be caught dead going anywhere near a mall, but they’re not comfortable with buying certain items online, either. Again, trustworthiness and dependability are the key traits for this. If your car’s not reliable, pick something else. Also, you won’t need cash, but you’ll need available credit on your credit cards, since you really can’t use theirs.

Consider an American Express or a Diner’s Club that don’t have preset spending limits. Or use a card that gives cash back reward or frequent flyer miles, and you’ll make a nice little bonus for yourself.

Spend the $20 on: $1 on flyers and the rest on classified ads.

7. Desktop Publishing

It’s amazing how many people have a computer and still don’t know how to make a decent flyer! If you’ve got a good design sense, are extremely familiar with your word processor, and already have a laser or high-quality inkjet printer, you can get into desktop publishing. Create a really great-looking portfolio for yourself and go door-to-door.

Spend the $20 on: Some high-quality paper to create your samples on.

8. Tutoring

With the growing dissatisfaction with our education system and the huge growth in homeschooling, there’s an unprecedented need for tutors these days for kids of all ages-even adults! If you’ve got a topic you can tutor in, contact the local schools, particularly private ones, and local homeschool groups, and offer your services. Don’t be concerned if your topic is highly specialized-even those are in demand.

Spend the $20 on: $14 on a box of clean-edge laser or inkjet business cards and $6 on flyers.

9. eBay Seller

Yes, there really are people who make a decent living buying things at garage sales and flea markets and selling them on eBay.

The big secrets? Stick to products you know (or learn before you start) extremely well, package your goods carefully, and provide impeccable customer service. It helps to have a digital camera or a scanner, but it’s not required.

Spend the $20 on: Your first inventory at a garage sale.

10. Secretarial Service – Typing / Transcription / Proofreading

Many small businesses and individuals have a need for these services, but not enough need to hire a temp through an agency.

Assuming you’ve got a computer, a printer, and e-mail (and the necessary skills), you’re all set. Be prepared to charge by the job, not by the hour.

Spend the $20 on: $14 on a box of clean-edge laser or inkjet business cards and $6 on flyers.

One last thing-beware of home-based business scams that require a substantial buy-in, such as envelope-stuffing or craft item assembly. You may not lose money on it if you stick with it long enough to get really fast at it, but you’ll probably never make the kind of money you’re expecting to. Better to do something on your own.

 

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3 Ways To Avoid Requests to Discount Your Services

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You are in business for yourself.  Every penny you get to pay a bill, to buy groceries or even pay for that well-deserved vacation comes as a result of your own efforts. You do not have the luxury of getting a paycheck from your boss every week. That is why when someone (especially a stranger) asks you to work for free or for a significantly discounted rate you may get upset or even feel a bit insulted.

Why would so may people ask you to provide a service or a product for less than you are clearly requesting? I will tell you why. It is because they do not value your worth! They do not value your worth for one of three reasons:

1. Your pricing is off. You may be selling yourself too CHEAP! Your pricing may not be in alignment with what you are really worth in the eyes of others. That inadvertently makes people feel as though they can nickel and dime you. If your pricing shows your audience that you don’t value yourself and what you offer why should they value you? Step back and look at the message your pricing gives others.

2. Your branding may not be on point. Your brand may give the impression that you want to be recognized as the cheapest in your industry as opposed to the BEST. Your pictures and graphics may not be of the best quality. Your descriptions and copy on your website and marketing materials may not be written in a manner that adequately reflects what results you really can provide. If you do not look the part don’t expect anyone to pay you what you are worth.

3. You are not targeting the right audience. If your marketing and other efforts are reaching a demographic that cannot afford what you are asking how on Earth can you expect them to pay you? Your branding is all on point, your price is definitely in line with what you are worth but the sales just won’t happen. Imagine this: a realtor walks into a homeless shelter trying to sell a million dollar home. They want it. They need it. However they can’t afford that! Essentially that is what you are doing when you are selling to the wrong person. You make them want to buy it soooooo bad, but they can’t. Therefore they get so desperate for it that they ask you to make it more affordable to them. C’mon…stop teasing people! Align your product or service with the RIGHT people.

Adjusting this can be the difference between a $1,000,000 company and a $10,000 company. Stop letting others cause you to question yourself by requesting free or discounted products/ services. You work hard and you have bills to pay just like everyone else in this world. Position yourself correctly so that the thought to request a discount won’t even cross anyone’s mind. At the end of the day you are running a business. The intent of the business is that share your gifts, passion and talent with the world, but also make money! The bills don’t stop. Don’t lose sight of the passion, but also don’t lose sight of what you need in order to continue operating so that you can continue sharing that passion!

Business Blessings!