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How to Start a Profitable Business With Little Or No Money
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When you have a particular skill or interest, you can find hundreds of business ideas that you can begin with little to no money. You don't have to purchase anything, you don't have to join a group and you don't have to attend meetings to get this all started. If your skills are using your hands and tools, then you can have a profitable business doing basic home repairs.
Locate A Home Need
Nearly every American household has some kind of odd job that needs to be done on the home. It may be that some of these jobs are just too minute to hire a professional plumber or carpenter for. For instance, your light switch in the bathroom fails to turn the light on, you have a toilet that isn't properly sealing and letting water out or one of your doors doesn't properly close. These are minor inconveniences in the household; whom would you call to do these tasks? If you can solve your household repair problems, think you can do it for another person's household?
Set Your Prices
The majority of accountants will say that you should charge approximately three times you normally would pay someone to do the job. For instance, if you hire a handyman for a $15 an hour job, your fee needs to be about $45 to $50 an hour.
Create Your Business With An Attractive Promotional Package
When you want to get yourself some business, you need to put together an attractive promotional package. Entice your potential customers with up to seven hours of work. If you charge $50 an hour, the bill will come to $350. However, the promotion can comprise you working on their home for up to seven hours for a mere $200 including parts. When you're looking for customers, this is a great way to earn more business down the road especially if they are pleased with your work.
How To Woo Customers
You don't need a large budget to win customers. You can actually go door-to-door, explaining who you are and what types of services you offer. Set up an automated service to make calls for you as you woo in prospective customers. Don't forget to do free advertisements on sites such as Craigslist (http://www.craigslist.org).
Reasonable Expectations For Your Business
If you employ the above techniques, you're assured of customers right away. A great goal to have is one job every day, as this would give you five jobs at $200 a piece. This means you earn $1,000 a week. Make sure to sell your services on your days off or during the off-hours. However, an automated telephone service can help you line up more work.
Remember this is just the start of your business. As you gain happy customers, you get repeat business. Some of your customers may even employ you for bigger, more expensive jobs. In time, you may need to hire someone to help you do the job.
Don't forget that this is only one example of how to have a profitable business. There are many, many more available that take no money to begin and allow you to earn a decent amount of cash in no time. All you need to do is begin the job.
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Eric Fernandes is an internet marketer and enjoys sharing all his knowledge about building online businesses. You can grab his free niche marketing mini course at http://nichemarketingbusiness.com. You will learn how to start a profitable business online with these simple and easy to implement strategies. Article Source: http://EzineArticles.com/?expert=Eric_Fernandes |
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Article Submitted On: October 16, 2009
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MLA Style Citation:
Fernandes, Eric "How to Start a Profitable Business With Little Or No Money." How to Start a Profitable Business With Little Or No Money. 16 Oct. 2009 EzineArticles.com. 10 Feb. 2010 <http://ezinearticles.com/?How-to-Start-a-Profitable-Business-With-Little-Or-No-Money&id=3102940>.
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APA Style Citation:
Fernandes, E. (2009, October 16). How to Start a Profitable Business With Little Or No Money. Retrieved February 10, 2010, from http://ezinearticles.com/?How-to-Start-a-Profitable-Business-With-Little-Or-No-Money&id=3102940
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Chicago Style Citation:
Fernandes, Eric "How to Start a Profitable Business With Little Or No Money." How to Start a Profitable Business With Little Or No Money EzineArticles.com. http://ezinearticles.com/?How-to-Start-a-Profitable-Business-With-Little-Or-No-Money&id=3102940