44. Equipment lease: An equipment lease is a loan in which a lender buys equipment and then “rents” it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value. This option is great for businesses that are making small purchases and have no revenue yet.
In deciding on a business, assess your skills, education, and background to see if your qualifications are adequate for a prospective venture or if you will need further training or know-how. Your chances of success are enhanced if your business idea is something with which you have already had some experience as in a former job, hobby, or volunteer activity. Also be realistic as to the amount of time you can reasonably devote to a business venture, considering your present commitments.
And don’t forget social media as a home-based business. Many churches, other non profit charities, and business owners NEED to advertise via social media. You can either be hired to do theirs or become a consultant who trains their staff. Many churches don’t know the Internet laws like an avid social media user does. They’ll need someone to teach them how to use social media and protect their organization while doing it. Ask me how I know. 😉 My husband and I have worked with some organizations who refused to listen and they ended up with some scandals. Take a gander at what happened to Pastor Alios Bell’s ministry reputation when someone who knows social media happened upon her indiscretion at Applebee’s. Google it. It went viral.
Running a business consulting company is a great option for those who’ve been involved in the process of building a business before. Whether you’ve gained your experience through working with a number of different startups or learned the secrets of business management in a more corporate environment, helping other entrepreneurs achieve great results can include everything from business planning and forecasting to liaising with banks and institutions.
13. Have backup. “Have subcontractors in mind, should you get enough business to warrant bringing them onboard,” says Michelle Garrett, founder of Garrett Public Relations. “I’m a one-person shop, so there are times when it’s nice to call a colleague and give them some projects to work on on my behalf when I’m feeling overloaded. What you want to avoid is getting into a situation when you need help and then trying to find subcontractors. This can be extremely stressful.”

Sammi Caramela has always loved words. When she isn't working as a Business News Daily and Business.com staff writer, she's writing (and furiously editing) her first novel, reading a YA book with a third cup of coffee, or attending local pop-punk concerts. The only time Sammi doesn't play it safe is when she's writing. Reach her by email, or check out her blog at sammisays.org.
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If you have something you're skilled at and very passionate about, you can turn that winning combination into offering your services with one-on-one online coaching as a solid side business idea. Just be sure to implement your own opportunity management system so you don't get caught up working with clients that you can't measurably help. Elmira Strange will give you a step-by-step plan for putting your skills and experience to work by developing an online coaching business—even as a side business idea in the time around your full-time job—so be sure to check out her course on Udemy for a jump start on this side business idea.

These reasons are just the tip of the iceberg when it comes to the importance of being online. Not only will you improve your business’s visibility but you’ll also have some great opportunities to talk to all your customers. Got some new products? Received some great feedback from a customer? Being online gives you a great platform to shout about your business through a variety of channels, tools and techniques, not all of which require a hefty budget.

You can also use PR techniques to position your brand for media attention. There are several techniques for getting other people to share your work. Of course, blogging is very effective, if you’re consistent. But, I’ve found press releases can also work well. If your press release gets picked up by media experts, you can expect other authority sites to link back to you.
The solution is simple: Buy traffic through PPC search engines. Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords. Then you can distribute the keywords throughout your site in your copy and code, which will help your rankings in the organic search results.
And it's an ideal home business opportunity, especially as ecommerce is so easy to get into now. One of the main barriers to operating a successful e-commerce business is finding the right product or products to sell; the other is providing the kind of online environment that will make people want to buy from you rather than competitors. 8 Rules for a Successful Ecommerce Website provides information on how to do this.
Bartering or work trade arrangements are options to obtain items or services you cannot afford. You can join a barter exchange, or make your own arrangements with other entrepreneurs. It is best to have a contract between both bartering parties. Keep accurate records, because the IRS considers bartering of business goods or services as taxable sales or income.

Ever tried to find child care on a Saturday afternoon? Unless you've got a standing relationship with a babysitter – and even then, it can be hard – there are few places you can count on for evening or weekend child care. Most states allow you to operate a home child care business and there's little competition and a great need for off-hours care. Licensing requirements are different based on your state, but many don't require a license as long as you keep below the minimum number of children.


Make sure you are buying items that are highly sellable, meaning that you there is a large market so you won’t have to wait years to find a buyer. And be disciplined enough only to buy items that allow you plenty of markup for resale. Specialization, or at least having most of your products fit your specialization, is highly likely to increase your chances of success.
Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords. Then you can distribute the keywords throughout your site in your copy and code, which will help your rankings in the organic search results.

The mistakes you have mentioned above are really common and mostly beginners made these kind of mistakes. But really appreciate your effort to elaborate these mistakes and to tell how to avoid these type of things. I have also watched many live examples for your point #7 that people spend many of there time for thinking what is good for them, what should they do know, what should be the working plan, what should be the plan of action but they did not implement these things in their business. These thinking and planning is just a time waste if you are not going to implement them.
You love dogs? You’re good at taking care of them? You want to open a dog-boarding business? Just make sure you’re prepared. Sure, it’s a great opportunity, and it’s totally doable—with some planning. Make sure you know your local zoning laws and, perhaps more importantly, make sure your neighbors would be OK with some extra noise and activity around your place.

Be social. Whatever your business, whatever your venue, keeping your name in the air is key to internet success. Have a business account on Facebook, Twitter, and LinkedIn. If your business is graphically oriented, have accounts on Flickr and Tumblr as well. Whenever there is news of any kind—a new contract, a new page, a new entry, a new photo—cross-post it to all your social media sites. Also make sure those sites link back to your main website, and that your website has links to all of them.

Car flipping can be a fun way to turn your love for cars into a quick side business idea if you have the capital and a stomach for the inherent risk. Buying and selling cars is similar to other “buy low, sell high” business models, but the profit potential per hour invested can be very high. According to Jeremy Fisher at 3HourFlip.com, the trick is to learn how to make car deals come to you, so you can minimize your time invested and maximize your profit on each flip with this side business idea.
As a solar consultant, you can basically conduct a home inspection and give clients a report on their solar options for their particular home and site. This can range from full-fledged general solar installations that generate electricity to simple solar walkway lighting. You might want to start by working in a solar products company to become knowledgeable in the solar energy field. However, to be a consultant, it is often best not to be affiliated with any one company or product and be able to recommend products and options across the field of solar energy.
I would add a triple exclamation point underscore to #s 1 and 4. It took me a year to offer my first ebook via Gumroad, and, honestly, I didn’t do much to launch the product, I just kind of got it out there. Currently, it’s listed at $1+ and makes about $14 / week. But, like you say in this post, that first product is more about getting something out there and learning what works and doesn’t as it is about making mad scrilla. I may not be making mad scrilla, but I am envisioning a more effective and epic launch for the next info product.
Dog walkers take pooches out for their daily constitutional one or more times a day, either individually or in small groups. In some cities across the United States, like New York, dog walking alone can be a booming business. But it's actually more common for dog walkers to offer additional services, including playing with and feeding pets, bringing in newspapers and mail, and turning lights on and off.

I mean come on, who wouldn't be interested in this side business idea? Getting paid to take care of a cute pup sounds like a dream. The prevalence of unattended pets is another side effect of busy life, creating job business ideas and opportunities for people with time, patience, and affection to spare. Just check out DogVacay and Rover to see what I mean. Would the payout be worth it if you try? One person in New York earns $3,300 a month just pet-sitting for busy animal lovers as his side business idea.

You can also use PR techniques to position your brand for media attention. There are several techniques for getting other people to share your work. Of course, blogging is very effective, if you’re consistent. But, I’ve found press releases can also work well. If your press release gets picked up by media experts, you can expect other authority sites to link back to you.
Structure your day. The problem a lot of homebased business owners have is that they no longer have a boss standing over them making sure they get their work done, or a tangible start and end of each workday. It's easy to let time slip by as you head to the refrigerator, catch a few minutes of TV, or dive into a project first thing in the morning, neglecting the other tasks you need to perform to keep your business running smoothly.
76. Create a sustainable routine that signals the beginning and the end of the work day. “One of my earliest clients was a software coder, and he would go to the local diner early in the morning to look at the paper, eat breakfast, and [hang out] with locals. Then he would code for seven hours, and when his wife came home from her job they would take a walk, and that was the end of the workday—no more coding until the next morning,” says McGraw.

Need help deciding which business structure is right for you? Try our Start a Business Wizard or check out our handy business structure comparison chart. LegalZoom’s business formation services include filing your paperwork with the state, obtaining your EIN from the IRS, and connecting you with independent lawyers and tax professionals through our business legal plan to answer any questions you might have.

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Do you play a musical instrument well enough to teach it to others? How about taking your skills at producing music or sound design and teaching others as a service-based business idea based on your experience? Private music instructors in all disciplines charge upwards of $20-100/hr (or more depending upon skill and experience), and you don’t necessarily have to do them in person, either. This makes for a great side business idea that can channel your passion for music into profits.

If you have an eye for quirky stuff, maybe running a mystery object shop could help you combine the thirst for curious things with a steady source of income. TheSomethingStore and Muddy Creatures are nailing the concept of a surprise purchase that taps into the explorer instinct many of us possess. There’s no exact science or skill fueling this business idea – let your imagination go wild…
If your home business will be in the same industry in which you worked for a former employer, make sure you are free of any non-compete agreements that you may have signed. Meet with your lawyer to consider any business liabilities and for any disclaimers you should have drawn-up for legal protection. A lawyer can also recommend contracts you should have if you plan to work as an independent contractor or to subcontract work out.
In general, a home office deduction is allowed if the home office meets at least one of three criteria: 1) the home office is the principal place of business; 2) the home office is the place where the business owner meets with clients and customers as part of the normal business day; or 3) the place of business is a separate structure on the property, but is not attached to the house or residence. The deduction is figured on the size of the home office as a percentage of the total house or residence. For example, if the total house size is 2,400 square feet and the home office is 240 square feet, 10 percent of the total house is considered used for business. That would allow the business owner to deduct 10 percent of the household's costs for electricity, real estate taxes, mortgage interest, insurance, repairs, etc. as business expenses.
Darlene – How did you grow your mastermind group? I totally see the value in this but haven’t had much luck trying to get something going myself. I’m currently working on forming a local tribe (geographically speaking) with the idea that meeting in person might be really beneficial to us all although we’re all in different blog categories. How did you form your group? Who gets invited? What are the perks to membership? I would love to know!
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