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Reload this Page 101 Business start -up ideas

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Post imported post - 28-05-05, 11:38 AM

[align=left]Ok I'm back to give the information I couldn't give earlier. I'll try to come back withdata for the otherventures in the list later.[/align]

[align=center]Candle Maker [/align]
[align=center]
[/align]
[align=left]Project Facts

Candles are loved by everyone and are especially used around Christmasandother religous events.

What do I need?

A creative and artistic mind, perhaps a dedicated place to work from and candles!

Pros

Relatively very little money is needed to set up this venture.You could sell them from virtually anywhere; from your own home, market stands, garages, boot sales to your own shop or through other retailers.

Cons

May not be an immediate money spinner. As candles are generally cheap andis found all around the world already, the likelihood of you earning a great dealis doubtful. You may find you could sell through other shops. [/align]

[align=left]If you want to work through your own shop then you will need to understand how to set it up.[/align]

[align=left]If you sell through other shops you may get littlemoney as retailers take their share of profits first, if there are any.[/align]
[align=left][/align]

[align=left]How do I operate?

This a venture where you could put in as much or as little effort as you want.You could build it up according to how you fast you want it to grow.

You will need candles, preferably in various colours. You will need artist tools, and being creativethere would be a large scope for improvisation, depending on what design you want, with just a few implements from around your home.

You will need artistic materials to create your designs.

You will need to be aware of fire saftey/hazard rules to avoid using inflamable materials about your candles.

How much Can I Earn?

The amount could be vague. You can earn as much as pocket money, especially if you want to keep this just as a hobby and only sell to friends and family, or you could become a large enterprise. The latter will probably depend on advertising and if your sales are good.
[/align]


Yu tink se me dun but me na dun!

"One of the heads of the beast seemed to have been fatally wounded, but the wound had healed. The whole earth was amazed and followed the beast".

Good News Bible. Rev. Ch.13 V.3
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Post imported post - 01-06-05, 03:17 PM

I am glad you mentioned Auctions , however you did not mention Online Auctions, I host an online auction site, so if you want to amend your Auction posting to include online auctions here are some additionaldetails.

Cost-Online Auctions are cheaper to run than a traditional auction because there is no need for an Auctioneer. Sellers can list their items themselvesfor as little as a $0.25 fee.

Advertising- I do agree that promoting to buyers and sellers is definitely different but can be carried out as a whole thus saving you money. You could advertise your online sale in the local classifieds, and since auction site users get a username, buyers can view your auction listing my typing in your username to view your items for sale without having to wade thru the 100's of other items on the site.

Earnings-Online Auction earners can and do earn as much as $600,000USD yearly, selling items they buy wholesale oron consignment, meaning they pay for the items after selling them which greatly reduces the cash outlay. The downside is that you have to ship the items yourself unless you have a dropshipper who will ship to your customer for you.

Set-up- Set up is easy, all you need are some items to sell which can be items in your garage, from flea markets, yard sales, or items you buy wholesale. You will want to have a digital camera so that you can take photos of your item to upload to the site. A credit card or online payment system like paypal to pay your listing fees, which can be as low as $0.25 or up tp $1.00 for some items. Your ready to start selling.

What Can I sell? If you can spell it then more than likely you can sell it!
  • Books
  • Knickknacks
  • Toys
  • Clothing
  • Purses
  • Shoes
  • Jewelry
  • Kitchen Items
  • Albums, cassettse, CD's, DVD's
  • Real Estate
  • Art, Antiques, Collectibles
  • Spices, Herbs, Certain Food items
  • Cars, Car accessories
  • Cellphones
  • A Date with Yourself.......Well you get the point
Someone Somewhere wants what you have, and the internet allows you to connect.



Hope this helps, great post keep up the good work!



William G. Moore, CEO

Real Estate Holdings of FL.,LLC

www.ethnictrendz.com- The online Auction and Trade Platform for the Black Community


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Post imported post - 04-06-05, 01:33 PM

HELLOW.......

Le Moor wrote:
Quote:
Obviously if your idea is to be patented or you feel its shrewd practice then best to keep your ideas secret. true...

However if you feel proud in the knowlegde that your idea may have helpedjust one single person to begin walking the road of financial independence- then post here. why????.......

I will continue posting until i reach 101 ideas, however if you have a contribution - then obviously we'll get there sooner. for you.... i think i know youre identity le moore...

Try and keep the formats of the ideas uniform so veiwers can easily identify the ideas from the discussions if any inbetween.

Try and break the idea down into sections such

a, Project Facts - Summary of what its about.

b, What do i need?- skills, licences capital required etc

c, Pros and Cons.

d, How do i operate?

e, How much can i earn?
Quote:
your good.....


(If you dont know answers to the above then just post your idea anyway) yes then if it is any good le moore will use it....

Everything can be summarised. Not looking for business plans here, as its up to the individual to go away and take the idea further or discuss it here. see no care just give your ideas....

Please numberyour idea.

I'll start off with.............................................. ................
Quote:
THANX!!!!



1, Adult Education


Project facts- Quite simply if you have a day-to -day skill, it can be sold to others as a course or evening class and you often dont need to have a qualification. Eg. a good amateur car mechanic, home knitter,oil painter, house plant grower, could all offer offer their skills as a lucrative course.

What do i need?- A saleable skill, possibly a licence ( check with the local authority ), a venue (eg school or local hall for hire, even at home) a structured course.

Pros and cons

Pros- mininmal outlay, no delay in payment, can be arranged to fit in with another job
Cons- Needs lot of preperation, difficult to estimate demand in advance.

How do i operate?- Decide on the skill and work out a course. A typical course might consist of six 1.5 hr lessons. Try and make the lessons interesting and varied. You may include a talk, visual/ audio aids and practical work. Find a venue. Your local Authority or college might be interested in offerring your course. Advertise- local papers, shop windows, the internet, leaflet mail-shots etc. Get students to pay up front or for one lesson at a time.

How much can i earn?- Fees will be higher for courses that are not readily available cheaply at local evening classes elsewhere. Example- An experienced calligrapher has a course lasting over six lessons each for 2 hrs. The fee charged for one course was £175.00 (payable in weekly instalments x6) 22 students enrolled bringing in total income of £3850. The main costs are for the hire of classroom at college £40 per session plus £480 advertising costs in local press. Therefore making £3130 profit for the entire course. This could easily be repeated 4 further times in the year (min) making a yearly profit of £12,524
Quote:
HEARD IT BEFORE ALL YOUR IDEAS WHY CAN YOU NOT COME UP WITH SOMETHING MORE ORIGINAL AS WHAT YOU HAVE SO FAR SUGGEST THEY ARE TOO COMMON IDEAS THAT FOR EACH MARKET IS SATURATED WITH COMPANIES DOING THOSE IDEAS.
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I DONT TRUST YOU AT ALL!!!!!.......................................... ............ blkwall
Quote:
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Post imported post - 04-06-05, 08:52 PM

Joy wrote:
Quote:
Quote:
HEARD IT BEFORE ALL YOUR IDEAS WHY CAN YOU NOT COME UP WITH SOMETHING MORE ORIGINAL AS WHAT YOU HAVE SO FAR SUGGEST THEY ARE TOO COMMON IDEAS THAT FOR EACH MARKET IS SATURATED WITH COMPANIES DOING THOSE IDEAS.
Quote:
I DONT TRUST YOU AT ALL!!!!!.......................................... ............ blkwall
Quote:
Joyous dearest.....Why dont you add a contribution then you little dipstick instead of spreading your doom all over my thread.
Quote:
Quote:
Ifyou canti have an idea for you. Why dont you run along and go play with the traffic. That should keep your insane mind busy for a while.....
Quote:
Quote:
Good Luck


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Post imported post - 04-06-05, 09:46 PM

Le Moor wrote:
Quote:
Joy wrote:
Quote:
Quote:
HEARD IT BEFORE ALL YOUR IDEAS WHY CAN YOU NOT COME UP WITH SOMETHING MORE ORIGINAL AS WHAT YOU HAVE SO FAR SUGGEST THEY ARE TOO COMMON IDEAS THAT FOR EACH MARKET IS SATURATED WITH COMPANIES DOING THOSE IDEAS.
Quote:
I DONT TRUST YOU AT ALL!!!!!.......................................... ............ blkwall
Quote:
Joyous dearest.....Why dont you add a contribution then you little dipstick instead of spreading your doom all over my thread.
Quote:
Quote:
Ifyou canti have an idea for you. Why dont you run along and go play with the traffic. That should keep your insane mind busy for a while.....
Quote:
Quote:
Good Luck
Quote:
FIRSTLY, DEMON
Quote:
SYMa bit rude!!!
Quote:
FIGURE IT OUT.
Quote:
ANYWAY WHY AM I INSANE? WHAT FOR LETTING EVERYBODY KNOW WHAT YOU ARE DEALING WITH. dont trust le moor check out its topics and posts and judge for yourself.its a demon!!!eh, eh.............
Quote:
LOL banana.gif
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Post imported post - 05-06-05, 12:22 AM

Why are you insane?

I give up...................did your mother drop you on your head at birth perhaps?....




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Post imported post - 18-06-05, 02:57 PM

[align=center]16, Tour Guide [/align]
Project Facts- Tourism is a big industry with many lucrative ways to service it. One valuable but little-known service is acting as a tour guide in resorts and areas popular with tourists (Greenwich, Rochester, Bath for example). It is a service that can be a lot of fun, and extremely satisfying, as well as financially rewarding. Operating as a guide is the ideal owner-operator activity, but it is also suitable for operation as a desk business with a small number of hand picked employees. Proximity to an area with tourist interest is vital, but few other resources will be needed.

What do i need- Proximity to a tourist area-vital, a suitable stand in a prominent position, possibly a licence from local authority, an interest in your subject and a pleasing manner.

Pros- Low investment, can be satisfying, as well as financially rewarding.

Cons- Requires a lot of walking, can be seasonal

How do i operate- Select an area and speacialise in it. This can be coast, country, town or city, but should attract good numbers of tourists. Check with L. Authority to see if a guide's licence or membership of a society is required. They may also limit the fees you can charge. Research your area at library/musuem for detailed interesting information, With maps and notebooks devise a tour route taking in points of interest on the way. If neccessary, employ p/t guides, who should be keen and knowledgeable, and brief them on the route. Set up a stand with attractive signboards in a prominent position. If possible arrange to use a shop as a meeting point for the tour. (it will generate business for them too) Adverise in local press, tourist guides, internet, tourist offices, travel agents, hotels and taxi drivers. You could get some of the advertising free if you offer a small commission.. organise tours to depart every half, one or two hours, according to demand. Customers assemble, pay their fee and are takingn on the conducted walking tour. You could operate three guides from 10am to 8pm in peak season. You could expand to cover different routes, which will get you repaeat business, start tours by taxi, coach, pony and trap and bicycle. You could brabch out into themes tours such as wildlife in the city or a pub tour. One popular theme running already looks at the Kray Twins and covers the pubs they used to drink and murder in, places where they lived etc.

How much can i earn- The typical fee for 1 to1.5 hour walking tour of, for eg. a historic city, might be between £5 and £10. Each tour could take upto 20 customers with a min usually of 8. At busy times such tours could operate half hourly. Of this fee the guide would take 20-25%. The rest goes to the organiser as gross profit as 30% of the cost of each tour should ideally be ploughed back into advertising.


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Post imported post - 19-06-05, 12:48 AM

Let me start by saying I really dig this thread..But before I get to my idea I just want to add that after reading alot of profiles of most of the richest business people in the USA on the forbes list...About 90% of them have one thing in common....Real Estate or Investment Property... Im not saying someone should start a real estate business but I will say its an essiential part in a business portfolio. Almost all medium to large businesses own strategic property..The reason is real estate is a nonrenewable resource, God will make more people buy he aint makin more land...Property appreciates in value and this is on top of any rental income, tax breaks, etc. So to anyone thinking of starting a business I think its beneficialto start in the real estate business then spin off into something else...The real estate would be tremendously helpful in to creating a steady income for the actual business or better yet it could be a subsidary of the real estate business..Having strategic real estate also enables you to borrow against the value of the propertyto fund whatever the subsidary (real business)is..The main goal is to have strategic property that can give you a steady income for any other business you may start...If you are not the type to deal with tenants and manage the properties problems, especially if its a 20-room apartment or somethingyou can just hire a property management company...Which brings me to my idea....


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Post imported post - 19-06-05, 01:18 AM

Property Management Company

Project facts: This business takes care of other peoples investment property. This means things like mowing the lawn, plumbing, carpeting, dealing with tenent problems, collecting tenant payments, etc..

Who do I need: It would be useful if you had an electrician, plumber, andcarpenter on standby. If possible you could place ads interview some of these professionals to hire them. Or you can just contract them out from other companies..Someone who can deal with tenants, mow the lawn,make sure property is clean (this could be you for instance)..Other things needed is car, cellphone, lawnmower and other gardening equipment

Pros: Real Esate business is extremely hot in the U.S., too many amatures buying properties but dont have the skill to do the up keep..Lots of room for growth. Easy to start..

Cons: Dealing with tenants, finding tenants, having to evict tenants...Basically anything involving tenants because they can sometimes be unpredictable

How do I operate: In the U.S. there is an EXTREMELY untapped market when it comes to black churches buying real estate.You will be suprised at how many buy investment property.They are buying these properties and have zero management skills..Your goal is aggressive marketing to local black churches. Start by calling around to different churches. If you attend a church ask thePastor... Ask him for contacts to other churches investing in real estate..give a presentation of the services you offer...You also can target anyone else, stick to small independent investors at first..

How much can I earn: You obviously want to contract out the services you offer, If you are in doubt what to charge search the net for other Propery Mgmt companies find out thier rates and place your rates slightly LOWER....Make sure when you give your presentation you point out you prices are lower. Its always best and easiest to use a low-cost stragety...Look at Walmart....For the first couple of years reinvest into the company..The contract payoffs are big, and earning potential is limitless....
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Post imported post - 19-06-05, 10:48 AM

impactplayer wrote:
Quote:
Let me start by saying I really dig this thread..But before I get to my idea I just want to add that after reading alot of profiles of most of the richest business people in the USA on the forbes list...About 90% of them have one thing in common....Real Estate or Investment Property... Im not saying someone should start a real estate business but I will say its an essiential part in a business portfolio. Almost all medium to large businesses own strategic property..The reason is real estate is a nonrenewable resource, God will make more people buy he aint makin more land...Property appreciates in value and this is on top of any rental income, tax breaks, etc. So to anyone thinking of starting a business I think its beneficialto start in the real estate business then spin off into something else...The real estate would be tremendously helpful in to creating a steady income for the actual business or better yet it could be a subsidary of the real estate business..Having strategic real estate also enables you to borrow against the value of the propertyto fund whatever the subsidary (real business)is..The main goal is to have strategic property that can give you a steady income for any other business you may start...If you are not the type to deal with tenants and manage the properties problems, especially if its a 20-room apartment or somethingyou can just hire a property management company...Which brings me to my idea....
Quote:
True words spoken IP
Quote:
Ithink here in London is no longer the best place for BUY-TO-LETS asthe yeildson rents are not as attractive as a few years back whenproperty prices were lower. Howeverother parts of the countryrepresent bettervalue imo. Up north you can still buy a 3 bed flat for £50,000 which will rent for £500pm with amortgage of£194pm yeilding£306pm. Here in London its costing you£140,000 min entry price for a1 bedflat, whichrents out at £550pm to £650 pm and mortgage is £584pm yeilding aloss/to small profit(assuming on both egs 15% deposit is paid and interest rate is 5.5%).


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