Successful Business Ideas

Starting your own business has many perks. You are not answerable to anybody, you can never get laid-off, you are the one who decides on how many work assignments to take on, and most importantly, whatever you earn is yours. In short, self-employment is ideal for people who want to be their own boss. It is very important that the kind of business you choose should have a market. After all, it is the customers who determine how profitable a business will be. The second thing to consider is your skills and interests. You cannot possibly start a consulting business if you have only studied till high school. Still, if you are confused as to what all different opportunities you have, here are some of the most successful business ideas which you can consider.

Internet Affiliate Marketing Business
If you have a computer and an Internet connection, you can consider this business from home. To get into Internet affiliate marketing business, you need to start, operate, and maintain a website. Firstly, search the Internet and register yourself with an appropriate affiliate marketing program. Thereafter, the online merchant will advertise his products or services on your website. Whenever a potential customer of this online merchant clicks on these advertisements on your website and goes to the merchant’s website, he will pay a certain amount of money to you. In some programs, you might be paid only if a sale is made. The key to success lies in adding quality content to your website, as well as advertising your site well so that its traffic increases.

Cleaning Services
You can offer cleaning services both to households as well as commercial establishments. This can prove to be one of the successful small business ideas, considering the fact that this business can be operated round the clock. You can undertake household cleaning jobs during the day and cleaning of offices after their working hours in the evening. It will typically involve providing services like window cleaning, carpet cleaning and vacuuming, floor cleaning, yard cleaning, etc.

Garden Maintenance Services
Provide garden maintenance services to households, right from watering their plants to mowing the lawns to weeding, seeding, etc. You can initially look for clients in your neighborhood. Later, you can grow your business by advertising in local newspapers.

Management Consultancy
There are many small businesses who want to grow but do not have the expertise on how to position, advertise, and market themselves. So, if you have the experience of working at a senior position in corporates, wherein, you were a part of a team that developed marketing and advertising strategies, or if you have overlooked the operations of a company previously, you can consider becoming a consultant for these small businesses.

Online Selling
Sell items on the Internet. Some of the things to sell on eBay to make money are books, antiques, jewelry, clothes, electronics, gadgets, toys, CDs and DVDs, perfumes, etc. You can buy these items from scrap stores or yard sales for cheap, and then sell on the Internet for some profit. In case you are good at any of the art and crafts, such as painting or making decorative wall hangings, you can sell them online too.

Besides these, other ideas which you can look into are―opening a day care center, pet care services, teaching classes, catering services, event planning, interior designing, and real estate services. Whatever business you finally decide to start, a successful plan which includes things like the goal of your business, your target customers, marketing and advertising strategies you will adopt, how you will arrange for the finance, etc., is a must. After all, it is these very things, plus your hard work, that will determine your success.

Business Ideas for Women

In today’s world, there are many women who are taking a step into the business sector. They are determined to prove that they are no less than men, and can also earn a considerable amount of money. They may carry out their business at a small scale or a large scale too. Many women are opting for home-based businesses. Business women make their hobbies a way of earning money, and this is certainly a very good concept.

Writing
If you have strong written and communication skills, you can use it to write and earn money. There are several options available when it comes to writing. Writing for the web is a very good alternative that a majority of women are opting for. You can get into many writing fields such as article writing, content writing, freelance writing, resume writing, etc. This is a very good platform for you to express your views and also obtain knowledge of various things.

Catering
There is no doubt that women are experts in cooking. Along with cooking for the home, you can start a small catering business. You would simply need some extra cooking material and an effective marketing strategy. Initially, you would need to give free samples of the food that you make. As people come to know about the food’s taste and quality, you can start charging, but at lower rates as compared to other established caterers. Once you start getting contracts and catering orders, you can even choose to increase your business by hiring cooks and assistants. Keep less specialties until you are well settled with your business. Remember, in this business, goodwill is a very important factor.

Yoga Teaching
You also have a very good option of starting a yoga teaching school, as many people do yoga to remain fit. You may need to undergo special training and a certification course for becoming a yoga teacher. After you become a certified yoga trainer, you can distribute handbills and brochures, or even advertise on the Internet. You can earn a respectable amount by teaching yoga to people either at home or at a place taken on rent.

Wedding Planning
This is a good choice for women who love planning, decorating, coordinating, and making arrangements for weddings. If you have the knowledge of where to get the best wedding dress from, which is the best caterer in town, and which is the least expensive florist, then you are perfect for this job. If you want to become a wedding planner, you require strong social skills, as you need to interact with all kinds of people. You might earn a considerable amount if you are all set in the wedding planning business.

Patio and Gardening Designing
If you have a wide understanding of plants, gardens, patio decoration, and many similar things; you can choose to assist people in decorating their gardens and patios. You would not find many people owning such a kind of business. This can be a reason for making your own identity as a gardening and patio designer. Moreover, you do not even need to complete any kind of formal training or course for this venture.

Interior Decorating
Some women are extremely good at decorating their house, keeping it clean, and making the required modifications, so that it looks neat, attractive, and well-organized. If you wish, you can undergo some interior decoration training. You can offer you services to clients who need to decorate their home interiors in an attractive manner. Start with friends and acquaintances, and once the word of your good work spreads, you will automatically make it big.

Business in Assisted-living Facility

An assisted-living facility is an excellent arrangement for people who are unable to tend to their daily needs all on their own. People, both old and young, can consider living in such a facility as an alternative to being taken care of in a nursing home – provided they are not suffering from ailments that need constant care and supervision. Regular meals, assistance with bathing, eating and grooming, housekeeping services, and unrestricted mobility come at a price. It has been estimated that the monthly cost of assisted-living can range between USD 800 and USD 4000. The higher tab is indicative of the comprehensive list of services that one can hope to avail on account of living in an assisted facility. It’s obvious that such services do not come cheap and an entrepreneur interested in operating this business may be in for huge profits provided he/she is aware of the pitfalls of rushing into a venture without having a detailed business plan.

Venturing into the Assisted-living Business
Careful, thorough, and detailed planning is necessary in order to draft a business plan that incorporates all the components of a successful venture. The feasibility of the project is contingent on a number of factors, viz., trends in the birth and the death rate, the income distribution, and the existence of competing facilities that may result in driving down the prices.

The distribution of the population in terms of age and income will help in predicting the demand for such facilities. The extent of competition will also have an impact on the prices that can be charged by the assisted-living facility.

A greater demand for facilities can help the business plan in the necessary living arrangements and benefit from the economies of scale that result in the cost per unit of service rendered being less as a consequence of sheer volume. This is especially important if the venture is catering to cost conscious consumers and is operating in a region that has businesses modeled along similar lines.

In case the business is operating in an area where a large number of baby boomers are concentrated, the focus of the assisted-living facility can be on providing a vast array of conveniences that can help people live a luxurious life. Accordingly, a higher price can be charged for special facilities that are provided in addition to the basic amenities.

The availability of employees who are well versed in cleaning, cooking, and providing personal-care duties and the cost of hiring the same, needs to be worked out in detail. Moreover, the employee turnover rate should not be high. High turnover rates are characteristic of markets where there are a number of different job opportunities. The management of an assisted-living facility must have the requisite industry experience to be able to handle the staff and the inmates and maintain good guest relations.

Finally, the entrepreneur needs to be able to arrange for the necessary finances and draft a plan for marketing the facility as a home for people who want to live a life of relative autonomy without having to compromise on the desire for privacy. An assisted-living business can be a wonderfully rewarding venture for an entrepreneur who assesses the market conditions and plans accordingly.

List of Small Business Ideas

Starting a small business is a dream for many. However, it is very important to contemplate and plan well before beginning, because any venture, be it big or small, involves some money. It is necessary to start with something that interests one or that in which one has some kind of expertise. However, many people face a problem when they have to think about this fact. In order to help you decide, this article contains a list of small business ideas that will help you decide what to choose and how to go about it.

List of Options

Virtual Assistant

This is one of the very popular opportunities that has come up in recent times. The virtual assistant forms relations with companies and provides them with administrative, clerical, and technical assistance, through telephone, email, fax, etc. This can be started from home and the pay would depend on the number of clients you have.

Writing

If you love to write and think that you are good at writing, you can start working privately in this field. Nowadays, not only newspapers, but also website owners look out for people who would do freelancing for them. You can also start an agency, where you would offer content writing and copywriting services for others who need write ups for advertising and press releases.

Day Care Center

Nowadays, as most couples have their own career, there is a constant need for people to look after the kids. In such a scenario, starting a day care center would be a great option. You can either start this at your home or can rent or buy a place.

Wedding Planner

Starting a venture as a wedding planner can be lucrative. The job of a wedding planner is to plan and organize the entire wedding ceremony as well as the reception. Though it is a demanding job, if you have good organizational skills, this would be the correct option for you.

Opening a Retail Store

Beginning a venture in retail can also be a good option. You can opt from a variety of options in this area, which includes groceries, flower shop, clothing, etc.

Coaching

With the demand for coaches in different fields, becoming a coach would be a good option. You can start your own training center as per your knowledge and expertise. For instance, if you are a computer engineer, you can start a computer training institute to impart computer knowledge to people who are interested. Otherwise, if you love teaching, you can start tutoring classes for children who are weak in different subjects. You can also think of starting a coaching agency, where you would be guiding people in decisions regarding work, career, life, etc.

In addition to these, there are also some other excellent options, like:

– Dietary Consultant Services
– Catering Services
– Home Renovation Services
– Cleaning Services
– Looking after old people
– Online Marketing

Many people are scared to start their own venture, because there is a huge risk involved in it, and also because it does not give a person job security. However, it is important to remember that to make any business successful, the first thing one needs is belief in oneself and in the concept. Once these are cleared, the next step is to research well. This will help in understanding the demand for your work, the capital you would require, and also the competition one would have to face.

This list of ventures would help you in choosing one that you would like to start. However, to make it a success, you need commitment, patience, and hard work.

Pet Rocks – Crazy Business Idea

There were plenty of trends back in the wild 70s. One that is particularly amusing, although rather a fad than a trend, is that of pet rocks. At any rate, this craze turned an ordinary advertising executive named Gary Dahl, into a millionaire in just about a few months. The whole idea was to market ordinary pebbles as live pets. Most of us would probably agree that those pebbles with eyes drawn on them looked actually pretty cute, but why spend money on something that anyone can get for free?

Sourcing and Pricing

The price for which pet rocks were sold was US$ 3.95 a piece. These pebbles were imported from Mexico, Baja California, and picked up from the Rosarito Beach. They were wrapped in excelsior and then placed in a special box, looking like the ones used for real pets. Dahl actually spent two weeks, simply writing a guide for properly raising and having a healthy relationship with the cute pet rock, which he titled as ‘Pet Rock Training Manual’. Apparently, it could be trained to follow several commands like ‘sit’, ‘stay’, ‘play dead’, and even ‘roll over’, although for that it required help from its owner. The guide did not contain any instructions about how to feed it. And it was also mentioned that it could not be taught to follow the command ‘come’.

The Launch

It was launched in the market at a gift show that took place in San Francisco. A man named Neiman Marcus, placed an order of five hundred pet rocks, and that is how it began to spread around. He sold around a million such rocks in six months, enough to make him unexpectedly rich.

The market was then flooded by its copies, and more entrepreneurs popped up and decided to join the action. They came up with the idea of selling manuals like ‘Pet Rock Obedience Lessons’ and with offering ‘Pet Rock Burial-at-Sea Services’. After the Christmas of 1975, Dahl tried to turn the leftovers into St. Valentine’s gifts, but he didn’t really succeed, as it was actually getting to an end.

Subsequent Response

The fact is Dahl had actually quit his advertising job to start this business. He established a company called Rock Bottom Productions for the same. Whether or not he kept his fortune after the tremendous success; Gary Dahl grew to stand for one of the most important business figures of the times. He became an inspiration for many other young entrepreneurs, together with names like Don Kracke and Ken Hakuta, who wrote How to Create Your Own Fad and Make a Million Dollars, and Robert L. Shook, the writer of Why Didn’t I Think of That!

The pet rock actually represents an example of how to come up with a crazy idea that people would greatly enjoy and have plenty of financial success. Of course, the idea looks very simple and even silly and people tend to wonder as to why they did not think of it? However, another thing that made it successful was probably people’s need to escape a bit from their stressful lives, full of responsibilities towards their families, their bosses, and towards society in general. People who understand this mechanism are likely to become instant millionaires like Dahl did.

Ken Hakuta goes so far as to make an astonishing assertion in this respect: “If there were more fads, there would probably be a lot fewer psychiatrists. Instead of paying $100-an-hour on therapy sessions, you could just get yourself a couple of Wacky Wallwalkers and a Slinky, and lock yourself in a room for a couple of hours. When you came out, you’d be fine.”

Home Based Business Income Opportunities

Over the years, the history of human race has witnessed many significant changes in the continuous quest of improving lifestyle. Past few years have been characterized by such changes in every aspect of society. Certainly, many new innovations and improvised technologies have altered the world forever. The most significant change can be attributed to the popularity and use of Internet. Gone are the traditional ways of earning income. There has been a rise in home based business opportunities emerging from this new global sphere.

If we take a closer look at the recorded history, then it has been a conventional trend that people who wish to work for a salary are compelled to work at the location of client or of company they are working for. Although that concept of self employment had been present in past, it wasn’t until the 90’s when Internet came of age and presented diverse opportunities and platforms for people to work from home, while having access to the world through their personal computers.

Home Businesses

This is an ideal platform which allows people to work from home and get paid handsomely for the efforts they put in. With these ever-increasing opportunities, people like you and me are able to work according to our own terms. There is no more compulsion from our rude boss to work as per his dictated terms and conditions. In fact, this option offers a freedom that no other job can offer.

There are plenty options and opportunities knocking your door on the Internet. You can easily find a plan that can fit your needs and terms. Even though, surfing on Internet for such opportunities can be time-consuming. You will come across thousands of sites and places, which claim to be the perfect option. They claim to know exactly what you are searching for and there is a possibility that you can commit blunders because of their exaggerated claims.

It is quite obvious that the sites claiming to offer best plan don’t know you personally. They don’t know your likes and dislikes. They don’t know about your passion. They don’t know about targets- short term or long term. They don’t know your expected level of income and they don’t know how much time you can work for. The lack of this knowledge can pose a great threat to your search for such opportunities.

So, in order to find a perfect suitable plan or opportunity, you have to do some kind of research and find opportunities of your own. You can even search for the research opportunities with their supported statistics. This thing can narrow down your search for the best home based opportunity.

The best part while searching for such businesses can be considering your own hobbies, your own likes. Just ask yourself how do you spend your idle time? There are so many hobbies like book reading, ornamental fish keeping, shopping, watching sports, keeping pets, or even finding a good deal. Surely, you will be much more comfortable at one of those hobbies. So, if you find a niche that is related to something you love, then you are bound to stick with that opportunity for longer time. You spend time building it to work for you and that will be the secret of the success of your business.

Digital Product Creation – You will be certainly good at one of the aspects or fields that you have learned so far in your life. If you have such a special knowledge or skill in a specific sector then you can sell this by creating your own e-book. Suppose you are good at cooking and if it is your hobby and if you do experimentation and try for innovation, then you can create your own e-book of tantalizing recipes. These fields can range from learning yoga to playing guitar, and from purchasing dirt cheap airline tickets to movie or digital recording.

Affiliate Programs – Many big companies try to encourage people other than their marketing team to promote their products. You can promote such products with help of advertisements on your own website or via e-mail system. In return the said company will pay you a certain percentage of every sale. This kind of business has great potential n promoting the products like MP3 download services, ring tones, visual clips, beauty products, insurance, and travel services.

Internet Marketing – The process of acquiring knowledge to start and run a successful home based business has itself become a business of great potential. At present, there are so many informative programs, which guide average people in learning and honing the skills to run a successful business with its marketing plans.

Blogging – This is the latest Internet trend at business. This includes a process of creating and updating your own web diary on Internet in which you can discuss and seek comments on specific subjects you choose. Persons having special interest and knowledge in a specific subject are used to create such blogs and thousands of people visit such blogs everyday. In return, the person who owns that blog earns income by using advertising systems or affiliate programs.

Online Stores – You can buy any physical goods like computers, clothing, books, mobiles, or DVD movies at lower rates and can sell these items at a higher price. Although it is a traditional selling concept, Internet makes it easier to purchase, to sell, and advertise than traditional ways in past. Only the thing you have to do is search for wholesale suppliers of such goods to get a lower price.

Outsourcing – Outsourcing has been a key word in the IT industry. If you are good at any software development, then you can provide such services, as there is a great demand from main companies for such jobs.

In short, there are abundant opportunities present on the Internet for home based businesses. If you are motivated enough to reap the benefits of the Internet, then brace yourself for certain amount of work, prepare your mind to learn new things, and you will find that it is not as difficult as many think.