how to run my own business | want to set up my own business

There are lots of graphic designers out there but not so many people specializing in logos. Yet in the age of the Internet, a good-looking logo is more important than ever! Most businesses don’t give enough thought to their logo and end up with a weak result. You can help them create a great logo–one that can help define their business and bring them customers!
An eBay business could be built into a sizable enterprise, but don’t rush it! Watch your gross margins, ship and pack carefully! Don’t touch any items that might possibly be counterfeit or of questionable quality. Finally, if you are going to specialize, try to find some area that you really enjoy!
Jennifer Post graduated from Rowan University in 2012 with a Bachelor’s Degree in Journalism. Having worked in the food industry, print and online journalism, and marketing, she is now a freelance contributor for Business News Daily. When she’s not working, you will find her exploring her current town of Cape May, NJ or binge watching Pretty Little Liars for the 700th time.
Make use of marketing and PR. You will want to reach out to potential customers in ways that make them want to use your business. This is especially important when you are first starting before you have an established, regular customer base.
Then you can move on to more immersive sales education through online courses like Sales Training and Prospecting on Udemy, The Guide to Pitching and Selling Clients on CreativeLive. Once you’re ready to put your selling skills to the test, check out Angel List and see if any sales position opportunities align with your interests—the last thing you want to do is get stuck selling products or services you’re not interested in. However, by starting out your sales career as a side business idea, that gives you the flexibility to easily change courses if you ever need to.

User interface and user experience matters big time on your website! That’s why they have often become a separate business from website development/coding. You can earn an advanced degree in this field, you can read books about it or you can learn it on your own.
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
A lot of car owners simply don’t have time to personally care for their vehicles, much less make them sparkle. With simple equipment such as car shampoo, polishing wax, tire black, sponges, a pail and a sturdy hose, you can start earning a decent side income by making cars look fresh in your free time after work and on weekends. Not bad for an easy business idea that’ll keep you outdoors and moving your body on the weekends.
Let’s go flying and get paid for it! You can finance your plane and contract out most of the work, including getting help to get your company certified to fly. This is a service business and those little touches can make a difference in keeping customers coming back.
But that was 2007, and quite a bit has changed since then. Where a side business was once a novel idea, it has since become much more mainstream. According to the Bureau of Labor Statistics, freelancers now make up around 15% of the workforce, compared to only 7% in 1995. And the trend isn’t expected to stop here. The BLS reports that freelancers and self-employed individuals may comprise 20% of the workforce by 2020.
Wedding photographers command premium rates. After all, you are capturing one of a couple’s most important life moments, making it a very lucrative side business idea. Many professional wedding photographers charge between $2,500 – $10,000 (or more) to shoot a wedding, so it’s realistic that this side business idea could quickly blossom into becoming a full-time endeavor with the right happy clientele base that’s willing to refer you to their friends and family. Check out the Complete Wedding Photography Experience over on CreativeLive to get up to speed on everything you need to launch a successful wedding photography business.
To succeed at car resale, you need to find a great source of used cars at a good price. Sources to buy cars include: car dealer auctions, bankruptcy auctions, new car dealers selling older cars they don’t want on their lot, government car auctions, and rental car agencies. You can also watch for bargain priced cars being advertised by individuals, but you need to snap up the best deals before someone else does. Focus on just a couple cars at a time, so that you can try to keep your overhead low by operating out of your house, and keep your profits up by choosing your cars carefully.
Define your management and financial structure: the operating agreement should define how your LLC is going to be run and how the finances will work – including who will share in the profits and what will happen in the event of a disagreement. If you do not have an operating agreement, you and your partners will have a much more difficult time resolving financial or management disagreements. [20]
If you have a fondness for taking pictures of smiling families or laughing children blowing bubbles, consider becoming a stock photographer and selling your images to a stock photo company like Unsplash, ShutterStock and iStockPhoto as a side business idea. You’ll get royalties every time someone licenses an image you’ve submitted. To really be successful, build your own photography website to be able to showcase your portfolio and start getting higher-paid private corporate work.
Most people, even those many won’t admit it, love moving their bodies. It’s also a great workout. If at some point in your life, you had to hang your dancing shoes for a more sensible office job, there’s nothing stopping you from earning money with this side business idea as a passion project around your day job. Part-time dance instructors get a fraction of the pie that their full-time peers enjoy, but it can add up to hundreds each week if you’re consistent—making for a great side business idea to those with the skills and drive.
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None of the above matters if you don’t have an ecommerce store that sells your product, provides an intuitive shopping experience, and makes customers want to return. We’ll show you how to go from zero to beautiful online store in a matter of minutes using powerful ecommerce software (spoiler alert – we have a recommendation).
This is very specialized and you need to have a good amount of expertise to get started. But what a fun way to make a living! Visiting clients’ homes, viewing and researching their art: what could be a more fun business than this?
It’s too late to invent the smartphone, but there are hundreds of millions of them out there and – as you probably already know – they frequently need repair. Other companies are already doing this, but Page believes there’s room for an entrepreneur who can offer local customers 24-hour service and one-day shipping to others.
Home buyers today are getting increasingly used to seeing vacant homes set up with staged furniture. And if you are choosing furniture specifically for the purpose of making a house look great, you can both increase the likelihood that the house will sell quickly, and that it will sell for a higher price. Stage some rooms in your own house, take pictures, and then get customers by networking with real estate brokers.
A lot of the potential value you bring to customers is not only the mechanics of building the website but also helping business owners decide what to include on their website – and where to include it!
Amazon has a secret formula that determines what shows up when people search for something. It’s secret but we can take a guess at how logically it could work. It is known as the Amazon Search algorithm.
Since Alibaba came on the scene it has got very easy to create a basic Amazon FBA business. Too easy. And has led to Amazon getting flooded with white-labelled products that are straight from Alibaba with a brand attached and a huge price markup. Most of them don’t sell well, but there are plenty that do.
If you are good in just about anything, why not monetize your skill and sell your services on Fiverr? There’s a wide variety of services fiverr community offers. You can edit photos, fix some website errors, code some programs, teach somebody, and etc. for $5 per gig!
With the wide array of digital marketing options to consider, not to mention traditional options, local businesses increasingly need outside help to develop and execute the best marketing strategy. To get going in this field you will need to be familiar with the most popular online and offline marketing venues, and be comfortable selling your services to local business people.
If there’s a business that will not go down anytime soon, this is one of them. School supplies is a type of business than can go boom specially before the school year starts. If you’re able to get a location where there’s a lot of nearby colleges, high schools, and elementary school, you can make a good business out of it.
If you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your LLC, there are two broad steps:
For a floating art gallery, you simply make arrangements with different restaurants, bars, or coffee shops to host your art shows for free in exchange for all the promotion and traffic you will bring to their respective businesses.
If you own a camera, starting a freelance portrait photography business could be a very natural way to turn your skills and passions into a profitable business idea. Start with doing free shoots for friends and family to build up a strong online portfolio, get familiar with your gear and the editing process, then you’ll be able to get paid for photographing professional head shots and celebratory family moments as your side business idea. Get started by checking out this men’s portrait photography class that regularly broadcasts for free on CreativeLive.
If you already have your own website or blog, you can earn money by becoming an affiliate. You can either sell products directly and earn money that way, or you can sign up others as affiliates, much like multi-level marketing.
LLC: LLCs are the most popular business structure because they offer the protection of a corporation without the double taxation or extra paperwork. California allows SMLLCs (single-member LLCs), so you can form one even if you’re the only member of your company. Read our guide to more about how to form an LLC in California.
If you have a way with words and know how to make the keyword-friendly, beautifully designed, SEO-optimized landing pages, why not charge other companies for your services and turn it into a money-making side business idea? Even a short landing page is worth a couple hundred bucks in most cases, and so much more if you know how to pitch your prospects well. If you want to get started with your business idea of becoming a landing page specialist or freelance copywriter, check out Len Smith and Sean Kaye’s awesome course on Udemy, Copywriting Secrets: How to Write Copy That Sells.
For most people, successful investing will involve selecting mutual funds or ETFs, not individual stocks or bonds. That means to become a financial planner you don’t need to be a Wall Street wizard. You will need to understand the basics of investing (such as the importance of being diversified and understanding and respecting your client’s risk profile!) but this is very learnable. Study hard for this profession and you can do a tremendous service for people by helping them protect and growth their hard-earned money.

5 Replies to “how to run my own business | want to set up my own business”

  1. To the customer, there is almost no difference between purchasing from Amazon directly and from a person selling their items on Amazon through Amazon FBA. They get the same delivery options, the same returns policy and the same customer service team.
    An email address is also something to consider when choosing a name. Get a professional email system (@yourcompany.com) with Google’s G Suite, which also comes with business tools for word processing and spreadsheets, all with business-grade security – Try it for free
    This process can take quite a long time, but it is worth getting right. If you can get the designs done professionally, that could really help to really speed the process up. You can hire a freelancer on Freelancer to help you.
    I met a fellow working in the clown business, exclusively focusing on bar and bat mitzvahs. He just works on Saturdays and pockets a pretty $200 an hour. He actually went to clown school if you can image that – I bet I could have excelled at that kind of school! Now he has built up his business to include a whole carload of fellow clowns he rents out.
    I’d also recommend getting a second set of eyes to go through your writing as well, just to make sure that there aren’t any grammatical errors or spelling mistakes. You can simply ask a friend to do this for you, or if you don’t mind spending a little bit more then you can find a professional copy editor to do it for you.
    Social media has become the way of the world. Corporates, startups, and personal channels have all realised this and work to increase their presence on it. While most of the bigger companies (especially in the media) now have a social media team to handle this aspect, the smaller ones reach out to stand-alone social media strategists. The only investment that you, as someone looking to build a brand in this line, should be making is improving your online presence by advertising on platforms like Facebook and LinkedIn and spending a basic amount on maintain your website, to ensure that it ranks higher in the search engine pages.
    Today in the Philippines, there’s a lot of people travelling and the numbers keep on getting higher. If you’re also into travelling, it’s now possible to put up a travel agency business at home with low capital.

  2. The difference between operational and successful is in mastering man’s greatest nemesis — time. Get firsthand accounts from successful entrepreneurs who have grown their home based business into online behemoths.
    Use wholesale suppliers when looking for clothes for your online boutique. You can get very good wholesale rates from websites such as Alibaba or Globalsources.com, which have over two million qualified suppliers to choose from. If you are looking for quality wholesale clothing products, consider looking at Korean made clothing.
    Fremont News MessengerApostolic bishops giving life to old churchFremont News MessengerThe church raises funds for its work through Roberts’ landscaping business. His services include lawn mowing, debris removal and plan […]
    Some local businesses don’t want to go through all of the necessary steps to do their inbound marketing themselves. They would rather have you just do it all for them and deliver leads to their doorstep. If you go into this business I would suggest that you consider building your expertise for a particular industry, instead of a particular location, as the results for a particular industry are more likely to be repeatable.
    This is somewhat similar to #17, but the thing is that VA is usually associated with (but not limited to) digital works such as Microsoft Office works, Data Entry Works, Graphics Design, Web development, Social Media Management and the likes.
    Shoelaces, hairbands, sweat bands, sunglasses, bracelets, etc. Whatever it is, if it can be made in your school colors, you can probably sell it. Buy them on the cheap and set up in a high traffic area of your school. Team up with a campus organization and donate a portion to their philanthropy, doing so will instantly multiply your marketing street team and sales will be a snap.

  3. T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.
    You could initially break into the carpet installation business by marketing directly to consumers. However, the bigger money comes from contracting out your services to carpet retailers. Still, I’d probably try to start out doing a few jobs independently to build references and experience before approaching some small retailers for contract work.
    It takes some time to grow an audience and find ways to monetize your blog, but if you love to share your point of view with the world, this can be a good way to work from home. Niche blogs are a particular area of growth in this ever-growing profession. Pay can vary widely, but the income potential is nearly limitless.
    The first thing to do (after you decide what you want to sell, of course) is choose a fabulous, memorable business name that no one else is using. You can conduct a corporate name search to make sure it’s not already in use. Once you’ve chosen the name, register it. (If you form an LLC or corporation, this will happen automatically in the state where you file your paperwork.)
    If you’re a longtime reader of Foundr, you’ll be familiar with this simple tool. If you’re not, the business model canvas is basically a worksheet that helps break down the nine essential elements of your business. It’ll allow you to take an objective look at your business idea and consider areas that you might not have thought about before.
    With never having painted a house, I opened a house painting business during a summer vacation from college. I hired a few school teachers to do most of the work, and we quickly all figured out what it takes to do a good house painting job. In a word a good house painting job requires: preparation–sanding and cleaning the surface carefully so the paint will adhere well and look good.

  4. On the other hand, a mobile car washing and detailing business has basically no expenses (other than a little soap, a couple of sponges, and old towels). Plus, you get to use the water at your client’s house! No investment, no overhead, and high demand! Now that’s my type of business.
    Whether you are helping a business with traditional marketing materials or instructing them on the fine art of blogging (ahem) and social media, this is a business that has almost unlimited potential for freelancers. Median salary: $108,000 (!).
    Talk with your bank. Talk with a bank with whom you already have a positive relationship. Ask about what kind of business start-up loans they offer and how they can benefit your business. By using a bank you already know, the bank will have easy access to your financial records and will be more confident in investing with you.

  5. According to the Bureau of Labor Statistics, event planners earn an average of $46,840 per year; but again this is an employee, not a business owner. According to industry expert, Patty Sachs, social planners make anywhere from $12 to $75 per hour, plus vendor commissions. Corporate planners anywhere from $16 to $150 per hour, plus vendor commissions. Sachs says in the events industry, planners typically charge a fee for their services, plus a percentage of some or all vendor fees.
    You might as well shoot off the same message to lots of different factories and then play them off against each other. The factories know the value of even a new Amazon FBA business and will want to work with you.
    Some firms outsource their customer service operations and many of these companies accept home-based contractors. You can start by signing up on freelancing sites such as Upwork to test the waters with this business idea first. If you’re already a CSR specialist with management skills, then you can form and lead a virtual team online and engage clients as a bona fide customer service company or, provide customer service training to such teams as well as individuals.
    Yes, you can start your own clothing line with just a few items, be successful and have a lot of fun along the way! Look at Ralph Lauren who started by selling a couple neck ties and then built that into a multi-billion-dollar empire. Contract out the manufacturing which is the really hard part of the work. Then focus on developing eye-stopping designs and talking it up with potential re-sellers, or sell the items yourself online!

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