Quote:
Originally Posted by CallMeJones  Please help me with some good business ideas that depend on no formal qualifications or trade. I want to work for myself now but only have one idea to run with which might not bring in enough $. I want another idea so I can have more of a chance of filling up my week.
1. Concierge Service; covers so many odd jobs from house-sitting, errands to lawn care.
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1.OPPORTUNITY
You need something to offer or sell.
That needs to have some demand.
You need to have the skills to provide that service or make that product.
It is determined by your sense of oportunity.
2.SETUP
You need:
1.Contacts: This will help you to establish your network.
2.Customers: Without htem your business is dead.
3.Suppliers: Provides the raw materials you need to work
4.Money: It allows you to buy what you need. You need enough money to withstand 2 years of losses, which is the initial period of investment.
3.PRICE
At the beginning you should do some reaearch on market prices.
Prices should cover your costs and allow some profit.
Costs = Materials + Manpower (you) + Overhead
Some people make a mistake and they do not consider themselves as a cost, but true is that you do not work for free.
In the absense of information, do this:
Price = Cost of materials * 3
Materials are the necessary assets that you need to provide service or manufacture product.
Your business is about creating business relationships with customers.
Do not abuse and do not let to be abused.
MARKETING
Dedicate half of your time to marketing.