In Niki Chesworth's book, Great Ideas for Making Money, there are no less than 70 inspiring ideas for making money - all perfectly sound, legitimate and proven. For each idea are the qualities you need as a person, the costs in involved in setting up, how much you are likely to make, the marketing involved, pitfalls and further contacts.
This book is produced in conjunction with the Daily Express and throughout you will find copies of adverts from small businesses advertising their wares. It is interesting to look at these adverts and the approach these small business ideas have taken. The following list of possible ideas is taken from the contents page.
Before you become an online earner, there are a few things worth knowing. The key is while some of these sites pay small amounts, add them all together and it can turn into an annual bonanza of £1,000s.
Richard Branson is one of the most successful businessmen and entrepreneurs in the UK. Here are his Top Ten Tips for success.
Anna Newell Jones writes: "If you’re looking to eventually be a stay-at-home parent or want to try starting your own business or doing freelance gigs then this post is for you!
When you are deciding to make the leap into being a full-time stay-at-home parent, it is wise to really consider all the factors that come into play."
Liz Crudgington discovers that pirates can be a hazard for people working from home, but you still might want to convince your company that it could be both a good idea, and a money-saver for your company.
Although internet giant Yahoo has banned employees from working at home, it seems to have worked well for other companies, including a knock-on effect from companies selling homeworking equipment.
The number one question asked by most people wanting to work from home is: What job can I do? This is also perhaps the most difficult question to answer, as a job the suits one person, may not suit another.
So I thought I'd start a list of possible self-employed jobs, and leave you to decide whether it is for you, and also for you to work out how to go about it.
Depending on your chosen homeworking profession, how long can it take you before you become proficient in your work? How about an expert? A paper written by Anders Ericsson in 1993 suggests that on average, 10,000 hours is required to become an expert in your field.
Working 40 hours per week is the equivalent of 2000 hours per year, so 10,000 hours would take 5 years. This sounds like a long time, but think of it as an apprecenticeship.
The Suitcase Entrepreneur is the alter ego and blog of Natalie Sisson, a woman whose 6-figure income many homeworkers may aspire to achieve. Her sucess is such that she featured in a Daily Mail newspaper arficle, "Homeless but RICH!" (27 February 2014).
Unfortunately the article is a little vague about exactly what she does, but says that "she has about eight different revenue streams and spends anything from 20 hours to 60 hours a week working [..]", and that she says her "blog brings in some form of advertising and affiliate marketing, and she has digital products and programs for sale".
Fortunately her website is more forthcoming.
Franchising is where you buy into someone else's business model. Some may be suitable for homeworkers.
A well-known example of a general franchise is McDonald's, the fast-food burger company. You buy the premises, a licence to use the company's branding, take responsibility for hiring your staff, and buy your stock from them.
You know the quality and nature of the business. In summary, a franchisor is a supplier who allows you, the franchisee, to use the supplier's trademark and distribute the supplier's goods.
Reading about working at home, is probably the second best thing you can do, along with:
- Reading other web sites on homeworking
- Buying books on working for yourself
- Doing homework on working at home
- Gets hints and tips about home working
But they call pale into insignificance, compared to the Number One thing you can do: