The 200
Best
Home Businesses
Easy to start • Fun to run • Highly profit table
K a t i n a Z . J o n e s
S E C O N D E D I T I O N
S E C O N D E D I T I O N
Easy to Start ● Fun to Run ● Highly Profit table
Katina Z. Jones
The 200
Best
Contents iii
Contents
1 Accountant
2 Adoption Agency
4 Advertising Agency
6 Advertising Sales Representative
7 Animal Breeder
8 Antiques Dealer
10 Apartment Preparation Service
11 Artists’/Photographers’ Agent
12 Arts Festival Promoter
13 Association Management Services
14 Auctioneer
16 Auditor
17 Automotive Detailing
18 Automotive Loan Broker
20 Automotive Maintenance
21 Automotive Paint Touch-Up
Professional
22 Band Manager
23 Bankruptcy Services
24 Bartending Service
25 Bartering Service
27 Bed & Breakfast
28 Bicycle Rental
29 Boat Maintenance/Cleaning
Service
30 Book Indexer
31 Book Packager
33 Bookkeeper
34 Bridal Consultant
36 Bridal Show Promoter
37 Building Maintenance Service
38 Business Broker
39 Business Form Production and
Sales
41 Business Networking Service
42 Business Plan Writer
43 Cake Decorator
44 Calligrapher
45 Career Counselor
47 Carpet/Upholstery Cleaning
48 Catalog Retailer
50 Caterer
51 Childbirth Instructor
52 Child-Care Referral Service
53 Collectibles Broker
54 Collection Agency
56 College Application Consultant
58 College Internship Placement
Service
59 Color Consultant
iv Contents
60 Commercial Cleaning Service
62 Commercial Photographer
63 Commercial Plant Watering
Service
64 Computer Consultant
66 Computer Maintenance Service
67 Computer Programmer/Database
Consultant
68 Computer Trainer
70 Concert Promoter
71 Consulting Engineer
72 Cooking Instructor
73 Corporate Art Consultant
74 Counselor/Psychologist
75 Courier Service
77 Credit Consultant
78 Damage Restoration Service
79 Dating Service
80 Day-Care Service (Child or
Adult)
81 Desktop Publisher
83 Digital Imaging Service
84 Disability Consultant
85 Disc Jockey
87 Dog Trainer
88 Doll Repair Service
89 Draftsperson
90 e-Book Publisher
92 Effi ciency Expert
93 Electrical Contractor
94 Employee Benefi ts Consultant
95 Employee Leasing
96 Engraving Service
97 Envelope Stuffi ng Service
98 Etiquette Adviser
99 Event Planner
100 Executive Search Firm
102 Fan Club Management
104 Fax-on-Demand Service
105 Feng Shui Consultant
106 Financial Aid Consultant
107 Financial Planner
109 First Aid/CPR Instructor
110 Food Item Manufacturer
111 Framing Service
112 Freelance Writer/Copyeditor/
Illustrator
114 Gardening Consultant/
Landscaper
116 Genealogical Service
117 Gerontology Consultant
118 Gift Basket Business
119 Government Contract Consulting
120 Grant Writer
122 Graphic Designer
123 Hairstylist
125 Handbill Distribution
126 Handyman Network
127 Home Business Consultant
128 Home Entertainment System
Service
129 Home Health Care Service
130 Home Inspector
131 Home Preparation Service
133 Homeschooling Consultant
134 Image Consultant
135 Incorporation Service for
Businesses
137 Insurance Agent
138 Interior Designer
Contents v
140 Jewelry Designer
141 Knitting/Crocheting Instructor
142 Lactation Consultant
143 Laundry Service
144 Lawn Care Service
145 Lawyer
147 Licensing Agent
148 Literary Agent
150 Litigation Management Service
151 Magician
152 Mailing List Service
153 Makeup Artist
154 Management Consultant
156 Manicurist
157 Manufacturer’s Representative
158 Marketing Consultant
160 Massage Th erapist
161 Meals to Go
162 Mediator
164 Medical Claims Processing
165 Medical Transcriptionist
166 Meeting Planner
167 Message Retrieval Service
168 Messenger Service
169 Mobile Paper-Shredding Service
170 Modeling Agency
172 Monogramming Service
173 Mortgage Loan Broker
174 Mover
175 Multilevel Marketing
176 Music Instructor/Professional
Musician
177 Mystery Shopper
178 Nanny Service
179 Newspaper Delivery Service
180 Notary Public
181 Online Auction Consignment
Service
182 Online Marketing Specialist
184 Online Message Board Manager
185 Online Retailer
186 Online Services Consultant
187 Outdoor Adventures
189 Outplacement Services
190 Paging Services
191 Party Planner
192 Personal Assistant
193 Personal Development Coach
195 Personal Instructor/Fitness
Trainer
196 Personal Shopper
197 Pet Grooming
198 Political Campaign Manager
199 Pool Maintenance
200 Printing Broker
201 Private Tutor
202 Product Designer
204 Professional Organizer
205 Property Management Service
206 Public Pay Phone Service
207 Public Relations Consultant
209 Publisher of Personalized
Children’s Books
210 Rare Book Dealer
211 Real Estate Broker
212 Relocation Consultant
213 Repair Services
214 Resume Service
216 Retirement Planner
vi Contents
217 Reunion Organizer
218 Roommate Referral Service
219 Rubber Stamp Business
220 Sales of Novelty and Promotional
Products
222 Sales Representative
223 Sales Trainer
224 Seamstress
225 Secretarial Service
227 Seminar Service
228 Silk Flower Arranger
229 Small Business Consultant
230 Standardized Test Preparatory
Services
231 Stock Photography Service
233 Systems Integrator
234 Tax Preparation Service
235 Telemarketing Service
237 Temporary Employment Agency
239 Ticket Broker
240 Time-Management Specialist
241 Trademark Agent
243 Translation Services
244 Travel Agent
245 Upholsterer
247 Used Computer Sales
248 Vacation Rentals Broker
249 Vacuum Cleaner Repair
250 Vending Machine Service
251 Videographer
252 Web Site Developer
254 Window Treatment Specialist
255 Word-Processing Service
256 Workers’ Compensation
Consultant
Introduction vii
Introduction
Th ere has never been a more exciting time to start your own business. New businesses
are springing up every day across the country, and the majority of them are
started right at home. Whether these new ventures are inspired by stay-at-home
moms looking to earn extra cash, young people starting their careers with their
own businesses, previously employed middle managers, or just regular folks looking
to increase their monthly income, many are fi nding themselves caught in the
entrepreneurial spirit.
As companies are learning to be leaner and meaner, career-minded individuals
are learning that the only place to fi nd true job security is right in their
own home. Th ey already know that the best way to prevent a layoff is to open up
shop for themselves. Changes in government programs and tax benefi ts for these
entrepreneurs have created a market situation for which it has never been easier
to start—and operate—a new business. It’s almost as if you’d be foolish not to try
your hand at running your own show.
New technology in both the communications and computer industries has
made home offi ces the norm, instead of the exception. Many entrepreneurs have
been able to start their own home ventures while still employed, thus increasing
their capital and minimizing their day-to-day fi nancial risk.
Th is book, revised and updated with twenty-four new business opportunities,
emphasizes the potential for many businesses that might start out as hobbies,
personal interests, or an expansion of a particular skill you might already have.
Take time to read through all of the business opportunities included here. You’ll
fi nd that there is a balanced mix of part-time and full-time opportunities. Many
jobs listed are considered white collar, but there are plenty of businesses listed that
require a more hands-on approach and specifi c technical skills.
As you read each business description, you’ll notice some specifi c statistical
information at the beginning of each entry. It is organized as follows:
Start-up costs: Start-up costs can include everything from outfi tting your home
offi ce with furniture, computer equipment, and business cards, to advertising campaigns
and staffi ng. We’ve calculated these costs by adding together all potential
viii Introduction
equipment, advertising, and operating capital estimates (such as payroll, benefi ts,
and utilities). We considered every possible cost, and then asked the question:
“What’s the least amount of money you would need to start this business the
right way?”
Potential earnings: For most businesses listed in this book, this range is
calculated by multiplying typical fees by a forty-hour work week. However, the
market for some of these jobs is such that, while they would provide great extra or
part-time income, they are not likely to provide forty hours of pay per week, year
round. Obviously, your potential earnings will change dramatically if you are only
considering starting any new business part-time. Please note: Potential earnings
do not take into consideration the costs incurred during startup.
Typical fees: Each business idea has been thoroughly researched to fi nd out
what people who are actually in the business are charging their clients. For many
entries, you will see a range instead of one fl at fee, since pricing strategies often
vary depending on geographic location.
Advertising: Here we have listed all the possible ways you could promote your
business, from methods that cost nothing, such as networking, to developing actual
media campaigns that might cost thousands of dollars a year. Th ese expenses have
been fi gured into initial start-up costs.
Qualifi cations: Th is category contains everything you need to know about professional
certifi cations, licenses, and other information pertinent to what it takes
to work at home in a particular fi eld.
Equipment needed: Th e equipment purchases you are likely to make to run
your business effi ciently.
Staff required: A high percentage of these businesses won’t require anyone but
yourself, but those needing additional staff are identifi ed, often with a suggested
number of employees.
Hidden costs: Th is is probably the most important element of each entry. Th e
costs that you don’t think about are often the ones that drive your business into
the ground. Th ey include insurance coverage, workers’ compensation, and even
fl uctuating material costs. Many of these are expenses that you simply can’t predict
or that you might not have realized are incurred by state and federal government
requirements. Some may be as simple as the cost of additional gasoline.
Introduction ix
Th e rest of each entry provides detailed descriptions of what the job entails and
what you would need to be eff ective in your new venture. With each job, you’ll get
a total picture of what’s involved in successfully running the kind of business that
matches your skills and interests.
What You Do: Th is section supplies the details of exactly what each business
demands of its owner, what your daily activities would be, and who your customers
would be. Th is section also includes information on specifi c marketing
opportunities.
What You Need: Here you’ll fi nd an in-depth breakdown of your start-up costs,
including offi ce furniture, computer equipment, and advertising costs. You will
also fi nd valuable information on how to arrive at specifi c income goals for each
business.
Keys to Success: Th is section points out the positive and negative aspects of each
business, so you’ll know exactly what you’re in for. Remember, there are positives
and negatives for every opportunity.
x
In 1992, I started my own home business, a resume service, with about $500, a
laptop computer, and some specialty paper that I bought from catalogs. Today, this
business is still thriving and still a home-based business. In the interim, I’ve written
seventeen books, got married, gave birth to a beautiful new daughter, adopted
two more children from China, and have had at least two other “full-time” jobs. No
matter what life brings me, this small business keeps going, profi tably.
I can tell you that there is no greater reward than working for yourself at
home (often without even getting fully dressed!). Th is book certainly will not provide
all the answers, but it will help you think about the most crucial issues as you
determine whether your business idea matches your current ideals and whether an
entrepreneur’s lifestyle really is for you. Plan for the future. Keep a watchful eye on
emerging trends and allow yourself to dream. Good luck as you embark on what
may become one of the most interesting journeys of your life!
Katina Z. Jones
June 2005
The 200 Best Home Businesses 1
Accountant
Start-up cost: $3,000–$6,000
Potential earnings: $20,000–$80,000
Typical fees: $35 and up per hour
Advertising: Membership and active participation in community
groups, ads in newspapers and publications for local
fundraisers, referrals, possibly your own Web site with tax
preparation tips on it as a resource for potential new clients
Qualifi cations: CPA and some experience with services on which you
choose to focus
Equipment needed: Offi ce area, furniture, computer, suite software, printer,
business cards, letterhead, envelopes, cell phone is optional
but handy
Staff required: No
Hidden costs: Errors and omissions insurance, subscriptions and
membership dues, continuing education
What You Do
Th is is a service that virtually everyone needs. Th e challenge is to show potential
clients how you can improve their lives by helping them manage their fi nancial
aff airs better. Th e two major approaches chosen by solo accountants are (1) to work
with individuals on tax issues and personal fi nancial planning and (2) to serve the
burgeoning small business market with bookkeeping setup, payroll, tax planning,
and all the other fi nancial activities that an enterprise requires. You will need to be
creative in distinguishing yourself from this rather crowded fi eld. How are your
accounting services better than those of the other accountants in town? How can
you show an individual that you can serve him better than the big storefront operations
that prepare taxes for low fees during the winter and early spring?
What You Need
Will you meet clients in your offi ce, or will you travel to their homes or businesses?
Th ese decisions will control your start-up costs (which could be as little as $3,000).
2 The 200 Best Home Businesses
Keys to Success
Being an excellent accountant and being able to create a profi table business are
two diff erent things. Th e people skills required have probably been completely
neglected in your education and possibly in your experience if you have worked
for a large fi rm. Gaining the confi dence of potential clients is far more than simply
having excellent accounting skills up your sleeve, which is why an informative
company Web site might be advantageous for business-building, especially in the
beginning. You’ll need to fi nd a way to present your services in a way that appeals
to people who want your help but don’t really understand how you can best help
them fi nd ways to save money. On the downside, your services will be particularly
needed during peak tax preparation seasons; you’ll be busiest in December and
March/April.
EXPERT ADVICE
What sets your business apart from others like it?
Personalized service and aff ordable rates are what set apart Kelly M. Zimmerman’s
accounting business in Cuyahoga Falls, Ohio. “I take a genuine interest
in my clients’ businesses. I really care about whether or not they succeed.”
Things you couldn’t do without
Zimmerman says she couldn’t do without a computer, telephone, and
calculator.
Marketing tips
“Get involved in an organization that you believe in personally and where
you can also promote your business. Marketing for accountants is basically
word-of-mouth, so be sure to do everything you can to keep your current clients
happy. Th ey’ll send you more clients if they know you’ve gone out of your way for
them.”
If you had to do it all over again . . .
“I would try to be more organized and focused on the types of clients I
really want to serve.”
Adoption Agency
Start-up cost: $5,000–$125,000
Potential earnings: $200,000–$600,000+
Typical fees: $12,000–$30,000 for each local and international adoption
The 200 Best Home Businesses 3
Advertising: Local family publications, adoption magazines, Web site
with photo-listing of Waiting Children and plenty of
adoption resources, banner ads on related Web sites of
interest, registration with search engines, referrals
Qualifi cations: Must be licensed by state and/or county
Equipment needed: Offi ce furniture, phone, computers with Internet access,
letterhead
Staff required: Yes—will need at least one licensed social worker to do
home studies and possibly a team of folks to handle and
review adoption paperwork
Hidden costs: Notary services; postage; long-distance phone calls,
particularly to foreign countries
What You Do
For some, the dream of having a child in their family would never be realized
without the services of a qualifi ed adoption agency. You can specialize in private,
local adoptions or include international adoptions from a list of specifi c countries
from which you’ve received permission to help place children in need of homes.
Whether the child is from China, Korea, India, Russia, or your home state here
in the United States, you will have to scrutinize potential parents through the
required home study process, match them with children who are the best fi t, then
off er counseling and support as the parents and child are united. You can also help
children born with special needs fi nd the good homes they so deserve. Th is is a
business in which the blessings far exceed any fi nancial benefi ts. Many adoption
agencies carry high overhead, so what seems like a fortune in potential earnings
can actually be off set a bit by the costs of staffi ng and running a busy agency. Still,
there are plenty of good reasons to choose this line of work, such as the more than
four million children currently residing in orphanages worldwide.
What You Need
You will need to staff an offi ce with everything from people to computers, since
few hopeful parents would be willing to pay huge fees to someone who’s a sole
proprietor running an adoption agency out of his or her home. You need to instill
confi dence in your abilities and qualifi cations from the outset, and then work hard
to keep your reputation intact in what can be a volatile business. It’s not unusual
for a birth mother in the United States to decide to keep her baby at the last
minute, leaving you and your client family back at square one.
Keys to Success
Reputation is everything in this business. You need to be honest and upfront with
your clients about all costs so that they don’t feel you are taking advantage of their
4 The 200 Best Home Businesses
emotional distress over not having a child. Keep posting new testimonials on your
Web site as you receive them—and don’t be afraid to ask for more. Better yet, create
a database of satisfi ed parents you’ve helped and who are willing to speak to your
prospects about how wonderful you are. Such a list is worth its weight in gold!
Advertising Agency
Start-up cost: $7,000–$20,000
Potential earnings: $35,000–$75,000
Typical fees: $75–$150 per hour, a monthly retainer, or a per-job basis
Advertising: Networking, ads in trade publications, participation in
local chamber of commerce, and a Web site that is a true
showcase of your company’s talents
Qualifi cations: Knowledge of design, layout, and typography; writing
skills; experience working with businesses on brand and
identity development
Equipment needed: Cell phone (with or without hands-free accessories);
computer with Internet access and full suite of presentation
and design software; high-resolution color printer,
scanner; digital camera; fax; copy machine; business cards;
letterhead; envelopes
Staff required: No
Hidden costs: Your high-end Web site will defi nitely cost you some
money to design and host, but it’s worth its weight in
gold for helping you quickly secure a high profi le in the
marketplace
What You Do
You’re probably not going to be doing the Cadillac ads for General Motors in
the beginning, but if you are motivated and highly skilled you can build up a
home-based ad agency serving clients in a specialized area. To get a foothold, you’ll
need to have at least some experience from a larger agency or a list of potential
clients who already know you and your work. Your participation in activities such
as indoor soccer or squash, etc., could be your lead-in to a small but profi table
market. Or you could specialize in one type of store, one product, or a type of
service. You will get to know your client organizations well, and you will draw on
all of your creativity, both written and graphic. New ways of getting a commercial
message out to the public, including targeted e-messaging, high-end Web sites
The 200 Best Home Businesses 5
with e-commerce and exciting new brand-building capabilities are revolutionizing
the advertising fi eld, so creativity extends into the nature of the business itself as
well. Very few businesses can succeed without advertising in one way or another,
so your creativity and awareness of market needs has many possible customers.
You’ll need to educate your clients about the value of advertising, even when things
don’t seem to be going very well for the company. In fact, that’s when they need
you the most.
What You Need
High-end computers with the graphics and print-production software now available
enable small agencies to produce outstanding ads that once required an entire
art department. Setting up this equipment is expensive, though, and could cost
from $3,000–$5,000. Bill out between $75–$150 per hour, or determine your
rates on a per-job basis that takes into account how much work is actually involved
in the project. Many ad agencies also work on monthly retainers of $500 or more;
again, look at the workload and the time and expertise involved in each project.
For presentations, you might also fi nd a laptop especially helpful, which could cost
another $2,000–$3,000.
Keys to Success
Advertising is a rewarding occupation because it relies so heavily on ideas and
inspiration, connected directly to business results. Successful ad agency personnel
(in this case, you) develop close relationships with their clients. You’ll be serving
an area or group that you know about and enjoy, and you’ll be using all of your
talents to do so. As a one-man (or one-woman) band, you must be able to do all
the facets of the advertising process, from sales to writing, design, and promotion.
But remember that it may also be very wise to partner with a good Web design
fi rm to add to your portfolio of services without adding a regular, full-time staff .
While this is a fun and always challenging business, its one downside is that the
pressure never lets up because the competition for clients can be shark-like.
EXPERT ADVICE
What sets your business apart from others like it?
For Carol Wilkerson, owner of Wilkerson Ltd., in Portland, Oregon, it’s
experience that sets her business apart: “I have over twenty-three years of experience
in advertising and public relations, and I have dealt from the bottom up with
any kind of promotional eff ort there is. Also, I’m small and selective about who I
work with, because I want to make sure I can really provide the top-notch service
the client’s looking for, turning things around quickly enough to keep them coming
back for more.”
6 The 200 Best Home Businesses
Things you couldn’t do without
Wilkerson’s business depends on a computer, laser printer, fax, telephone,
and overnight delivery services.
Marketing tips
“Before you start, determine what your strengths are and identify them for
your clients. You really run into problems when you start promising things you
really can’t do . . . you can’t fake knowledge and experience. Farm out what you can’t
do to others who can, and you’ll gain a lot more respect.”
If you had to do it all over again . . .
“Oddly enough, I didn’t promote myself well enough in the beginning . . .
I wasn’t a big enough cheerleader for my own business. It’s so ironic!”
Advertising Sales Representative
Start-up cost: $2,500 and up
Potential earnings: $40,000–$150,000
Typical fees: Commission-only is standard and ranges from 5 to 25
percent
Advertising: Direct mail, small ads or classifi eds in trade journals,
networking
Qualifi cations: Experience with an advertising agency or as a periodical
sales rep
Equipment needed: Basic offi ce equipment, business cards, letterhead,
envelopes, laptop computer, cell phone (with or without
hands-free accessories)
Staff required: No
Hidden costs: Expect high phone bills and mileage expenses
What You Do
Th is business must be built on extensive experience in the fi eld. Your expertise lies
in matching the need to the availability. If you know how, you can sell advertising
space in all publications to the advertisers who need it. Your job is to fi nd a buyer
at a good price that might never have discovered this advertising venue unaided.
You’ll need contacts and experience to make a success of this enterprise, but room
exists for the independent rep and many earn $100,000 or more. Much depends
on the type of publication for which you’re selling ad space; for instance, if you’re
The 200 Best Home Businesses 7
selling ads in a trade journal or well-known national publication, your income will
be quite high. However, if you’re selling ads for a community newspaper, your
income may reach its peak at $35,000.
What You Need
Th e telephone is your major tool, and you may discover a great need for a cell
phone, particularly one with hands-free accessories (a necessity while driving
in some states). You’ll need access to reference books listing periodicals, rates,
and dates.
Keys to Success
If you love selling, this is selling in its purest form. No limitations bind you to one
focus, one time, or one perspective. Businesses need to advertise, and fi nding space
for their commercial messages can be a real challenge. Your services are the perfect
answer to their needs. Businesses’ penchant for doing the same things the same old
ways will be your biggest hindrance to getting new customers. Established agencies
are your competitors, and you will need to market your services vigorously.
Your best bet is to fi nd a few really good “anchor” customers who will advertise
on a long-term contract, then go after the smaller fi sh.
Animal Breeder
Start-up cost: $10,000–$15,000
Potential earnings: $45,000–$80,000
Typical fees: Often $200–$600 per animal
Advertising: Breeding magazines and shows, newspaper ads,
networking, Web site
Qualifi cations: Knowledge of specifi c animal breed, familiarity with breed
standards; a permit will likely be necessary as well (check
with your local zoning board)
Equipment needed: Cell phone (with or without hands-free accessories),
computer with Internet access, fax, printer, business cards,
letterhead, envelopes
Staff required: No
Hidden costs: Home kennel and breeding area (check with your local
zoning board for permit fees)
8 The 200 Best Home Businesses
What You Do
Dog and cat shows are more popular than ever. All you need is cable television to
witness the craze. But where, besides the highly undesirable “puppy mills,” do the
most beautiful breeds come from? If you have a passion for purebreds, becoming
an animal breeder might be just what the veterinarian ordered! Once you pick a
breed in which to specialize, you will need to build a small kennel and breeding
ground and fi nd your prize-winning bitch or stud. Th en you will advertise your
breeding service. You may also decide to fi nd a suitable breed match for your initial
animal and sell their off spring to smaller pet shops or directly to the new pet owners.
Once you become known as a breeder, you will be able to quickly and easily
connect with breed lovers via shows and the Internet.
What You Need
A cell phone will probably be your most important piece of offi ce equipment,
along with e-mail for communicating with distant customers and contacts. A good
computer with a high-resolution digital camera will also help you showcase the
animals you are off ering for sale.
Keys to Success
Th e most important asset you have is your breed. You will constantly need to protect
the integrity of the breed characteristics, so your animals cannot be bred with
just any other of its species. What will help you the most to grow your business
is for your animals to win major show titles, so that their off spring become more
valuable due to their lineage. Like the many animals you’ll breed, this business
will take time to grow.
Antiques Dealer
Start-up cost: $1,000–$40,000 (depending on how large you would like
your inventory to be)
Potential earnings: $35,000–$150,000
Typical fees: Varied; your pieces will sell anywhere from $10–$10,000
Advertising: Yellow Pages, community newspapers, direct mail, show
participation, a Web site of your own, possibly listing on
sites like Antiques.com, a large sign to advertise on outside
of home
Qualifi cations: Should be knowledgeable about antiques and pricing
Equipment needed: Credit card processing equipment, computer with highquality
digital camera and Internet access, printer, fax
The 200 Best Home Businesses 9
Staff required: No
Hidden costs: Insurance, warehousing, packaging and shipping
What You Do
Th e lure of the old and priceless draws many a sentimental customer into an
antique store, and you could start such a business with a dozen or so nice pieces
of furniture, some antique china, and lots of old books and toys. All of these
items tend to sell well, as they are collectible and worth increasingly more with
each passing year. You’ll need to develop a sizable stock or inventory of pieces to
sell, which can best be accomplished by combing thrift shops, fl ea markets, estate
sales, and Internet auctions on eBay, Yahoo!, and Antiques.com for the best and
most interesting old items you can fi nd. Watch the newspaper for garage sales,
too. Sometimes people will unknowingly unload a fabulous antique at a steal of
a price.
Basically, you should keep in mind that your business will need to be run
just like any other retail establishment, which means you’ll need to price yourself
well enough to cover your operating expenses in addition to building a profi t.
Folks will want to barter with you on price, so you’ll need to hold fi rm with your
price or raise your price enough to compensate for allowing customers to talk you
down the typical 10–15 percent. You can also choose to conduct online auctions
to automatically generate competitive bidding.
What You Need
It all depends on how you plan on growing your business. You can start off with
just a few pieces for under $2,000, and then add more accordingly. To really turn a
profi t, you’ll want to start with signifi cant inventory that will run you upwards of
$20,000. Look to earn $35,000–$150,000, depending on three things: location,
quality of product line, and price. Obviously, if you’re in a quaint New England
town, you might fare better than an antique shop in the middle of Kentucky. But
if you have antique items in high demand around the country, location won’t even
be an issue—and the sky’s the limit.
Keys to Success
It’s a competitive market, and too many well-intended entrepreneurs make the
mistake of thinking this will be an easy ride. If you are focused on high-end
antiques and have suffi cient working capital to buy the kinds of pieces that will
build your reputation for the fi ner things, then you’ll have little problem making
a living. If, on the other hand, you choose to specialize in less-expensive antiques
and collectibles, you’ll need to round up lots of inventory because you’ll likely be
turning it around very quickly.
10 The 200 Best Home Businesses
Apartment Preparation Service
Start-up cost: $500
Potential earnings: $20,000–$30,000
Typical fees: $50 and up per apartment
Advertising: Yellow Pages, direct contact with apartment owners,
banner ads at Web sites such as Apartments.com or
ApartmentFinder.com
Qualifi cations: Knowledge of cleaning procedures and painting skills
Equipment needed: Cleaning supplies, sweeper, mops, buckets, painting
equipment, cell phone
Staff required: No
Hidden costs: Insurance, equipment maintenance
What You Do
You add the fi nishing touches to apartment buildings before the next tenant moves
in. To increase your marketability, off er several services, including carpet cleaning,
wall washing, painting, wallpaper repair, and overall cleaning services. Set fee
schedules appropriately depending on individual services (or off er an all-inclusive
package price). Advertise your services to many apartment complexes. To cut
down on driving, try to get a contract with a multiunit apartment complex that
off ers short-term lease options.
What You Need
Invest in good-quality cleaning equipment, including a sweeper and carpet cleaner.
Start-up costs can be as low or as high as you want, depending on what services
you are going to off er and the quality of equipment you purchase. Th is business
can be started for a relatively low cost with high return on investment. Keep a cell
phone with you so that you can easily respond to your next customer.
Keys to Success
Th is business is not for someone who is afraid of using good, hard elbow grease.
Be prepared to encounter some messy situations. An apartment preparer might
spend quite a bit of time on their hands and knees cleaning baseboards and fl oors.
Consider the health of your back and always wear a back brace. In addition, invest
in a good pair of kneepads and rubber gloves.
The 200 Best Home Businesses 11
Artists’/Photographers’ Agent
Start-up cost: $5,000–$15,000
Potential earnings: $25,000–$50,000
Typical fees: 20 percent commission on each sale
Advertising: Trade publications for artists and photographers, a listing
in the annual Photographer’s Market and Guide to Literary
Agents/Art Photo Reps (Writer’s Digest Books), direct mail
to related associations, a Web site with an online portfolio
of your clients’ work
Qualifi cations: Ideally, an artistic and/or sales background
Equipment needed: Computer with Internet access, printer, fax, copier, phone
Staff required: No
Hidden costs: Insurance, bad risks (representing artists because you care
about them rather than because they are marketable)
What You Do
Behind every successful artist or photographer is an agent who carts around
resumes and slides from market to market, seeking the best opportunity to sell
works of art to everyone from gallery owners to art catalog publishers and distributors.
As an agent, you can also sell your clients’ work by using a well-designed,
easily accessible Web site that you promote through e-messaging, blogging, and
by hooking your clients into cash cows like GettyImages.com. Th e key is to juggle
several artists and/or photographers at once and market them as widely as possible.
To grow your stable of clients to represent, advertise in the publications that
artistic types generally read. Invite them to send a detailed resume and plenty
of slides. When you decide to represent someone, provide a contract that clearly
spells out what services your client can expect from you and what commission per
sale you expect from your client.
What You Need
You’ll need to promote your services in each of the respective professional trade
publications, and that will likely cost you in the neighborhood of $3,000–$5,000
(some directories, however, allow you a free listing). Next, you’ll need to have
a set of dynamic, yet professional-looking promotional materials of your own
(including an impressive Web site) and a basic offi ce set-up to keep it all running
smoothly. With a commission of 20 percent on each sale you make, you should be
able to earn an annual paycheck between $25,000–$50,000, depending on where
you live and how many successful artists you represent.
12 The 200 Best Home Businesses
Keys to Success
Th e art world is extremely tight-knit. Cliques abound, and if your name isn’t
known as one of the “chosen few,” you may not succeed as much as you’d like. Work
the art show openings and other functions and attend trade shows and the like if
you really want to get your name out there fast. Above all else, be knowledgeable
about art. If you’re not, it will defi nitely show. Th ere are far more talented artists
than there are folks to represent them, so the potential to develop your client base
quickly is quite high. Be choosy about whom you represent and off er a wide range
of artwork for sale to increase your chances of success.
Arts Festival Promoter
Start-up cost: $1,500–$5,000
Potential earnings: $20,000–$45,000+
Typical fees: 40 percent of registration fees from artists and, in most
cases, a commission from each ticket sold (typically 3–5
percent)
Advertising: Networking, ads in artists’ newsletters and publications,
direct mail to artists, newspaper/billboard ads for the
event itself, a promotional Web site that includes a “Call for
Artists” and a volunteer sign-up area
Qualifi cations: Strong organizational and event-planning skills
Equipment needed: Cell phone (with or without hands-free accessories),
computer with desktop publishing software, laser printer
Staff required: No, but local volunteers are often needed
Hidden costs: Insurance and low attendance due to poor advertising or
inclement weather; try to have a backup plan for each event
What You Do
Annual arts festivals abound in nearly every community, and you could cash in on
the public’s interest in the arts by sponsoring or promoting your own group of arts
festivals. Give your events a fl ashy name so that you can win instant recognition
with your buying public and among artists (who get barraged with requests to
appear in shows all over the country). You’ll need to promote your festivals two
ways: fi rst, to artists who might like to participate; second, to folks who might like
to attend. Your advertising budget must be split to reach both. Set your festivals
apart by inviting only particular types of artists/craftsmen. You can also set them
apart by attaching your festivals to some sort of theme, such as an Oktoberfest arts
The 200 Best Home Businesses 13
festival. Th at way, you’ve set an annual time for the show to be expected to recur.
You can build your mailing list for the following year by requiring everyone to sign
in (or, better yet, by off ering a drawing for an exquisite work of art).
What You Need
You’ll need $1,500–$5,000 to launch this interesting and artistic enterprise. Th is
seed money will primarily cover your computer and printer costs and a little advertising
until you have one or two shows under your belt. Once you’ve established
your business, you could have annual repeat business in certain areas and begin to
make more than $45,000 per year doing something you truly enjoy.
Keys to Success
You love the arts and know that others like artsy events. So what’s the downside?
Th e only real negative is that sometimes the weather rains on your parade of artists.
You could avoid such mishaps if you hold all of your events indoors. Even
though it may raise your space rental cost, the payoff might be worth it. Or, you
could secure some tents and charge each artist a small rental fee so that you’re
“covered.”
Association Management Services
Start-up cost: $2,000–$9,000
Potential earnings: $20,000–$50,000
Typical fees: Monthly retainers of $1,000–$5,000 are not uncommon
(directly dependent upon the association’s size)
Advertising: Network with professional and trade associations, advertise
in related publications, link to your own Web site from the
Web sites you manage for your client associations
Qualifi cations: Good organizational, writing, marketing, communication,
and motivation skills; an eye for detail; possibly
management or administrative experience
Equipment needed: Cell phone (with or without hands-free accessories),
computer with Internet access and Web-hosting
capabilities, phone, fax, copier, business cards, letterhead,
supplies
Staff required: No
Hidden costs: Membership in associations, subscriptions to related
publications, Web server space to host your clients’ Web sites
14 The 200 Best Home Businesses
What You Do
From the Association for Association Management (yes, there really is an association
for everyone) to the Association for Children for Enforcement of Support,
most organizations need help in managing their operations. Especially well suited
to a management service are groups too big to rely solely on volunteers but not
big enough to justify hiring someone to do it on a full-time basis. Your services for
each client may vary, but may include maintaining membership lists, publishing
a newsletter, mailing out information about the organization, keeping records,
collecting dues, and handling meetings, events, and fundraising activities. Not only
can you work for an existing organization, you could also start an association of
your own if you base it on your own profession or something else with which you
have personal experience.
What You Need
Offi ce and computer equipment are your biggest expenses (about $2,000). You
may be able to get the organization(s) you represent to pay for some supplies (but
don’t rely on this when creating your business plan). Charge a monthly retainer of
$1,000–$5,000 for your services to make sure you cover all of your expenses. Since
many of these associations work with volunteers, they may try to take advantage
of your expertise too. Don’t let them.
Keys to Success
Association management provides a great variety of duties and an opportunity to
interact with interesting people. You will also get opportunities to learn about an
array of topics at meetings and conventions. Th is is a great opportunity for those
with philanthropic tendencies. To continually “wow” your association clients with
top-notch management services that include Web site design and management
as well as e-messaging campaigns to solicit members or donations, partner with
some excellent Web designers who know how to stretch small dollars into huge
returns on an attractive and fully functional Web site. Helping your clients to
retain longtime members while adding new ones is your biggest challenge.
Auctioneer
Start-up cost: $500–$1,000
Potential earnings: $25,000–$150,000
Typical fees: Flat fee of $150–$300, plus 3–5 percent of sales
The 200 Best Home Businesses 15
Advertising: Advertising in specialty publications (art/antiques, cars,
farm equipment/livestock), business cards at each event,
networking, your own Web site with links to auction
houses
Qualifi cations: A good, strong voice and the ability to stay on top of rapidfi
re bidding
Equipment needed: A gavel and a megaphone
Staff required: One person
Hidden costs: Travel expenses (be sure to build those into your upfront fee)
What You Do
Going once, going twice . . . SOLD to the buyers in your audience when you
are an auctioneer! You will likely learn the business from another experienced
auctioneer, who will teach you the ins and outs of facilitating deals and bargains
with large groups of people. Whether you choose to specialize in auto, farm equipment,
livestock, or fi ne arts and antiques, you will always be in the center of all the
action when it comes to auctioning off items of interest to others. You will have to
speak quickly and stay on top of the highest bidders at all times, so you’ll need to
have an extra-sharp mind with a good memory. Confl ict-resolution skills may be
necessary at times, especially when there is disagreement over who bid what and
when. Hire a decent backup person to act as a witness and to help keep track of
where the bids stand at each moment of the bidding process. Remember—you can
auction everything from bric-a-brac to your home online!
What You Need
You really don’t need much more than dependable transportation, a gavel ($10–
$15), and a good megaphone ($150 maximum). Sometimes you’ll be auctioning
in places where microphones will be provided, but you can never be sure so you
should always bring a megaphone with you.
Keys to Success
Once you become a visible fi xture at local auctions, you will fi nd that the business
comes to you more easily. In the beginning, you might partner with a more
experienced auctioneer or even one who is retiring, so that you can serve as standin
when he or she cannot personally attend auctions. Soon you’ll start building
a name for yourself—riding the coattails of the pro you’re replacing. Th at is a
bargain at any price!
16 The 200 Best Home Businesses
Auditor
Start-up cost: $5,000–$8,000
Potential earnings: $50,000–$75,000
Typical fees: Percentage of the savings you fi nd for clients: often 50
percent for past savings and about 10 percent for two or
more years into the future
Advertising: Business and trade publications, direct mail, membership
in business groups, networking, your own Web site with
free, money-saving tips for businesses
Qualifi cations: Accounting degree and certifi cation, knowledge of area of
specialty (utility bills, telephone options), excellent math
skills, good detail orientation, selling skills
Equipment needed: Cell phone (with or without hands-free accessories), offi ce
furniture, computer, suite software, printer, calculator,
business cards, letterhead, envelopes, marketing materials
Staff required: No
Hidden costs: Ongoing marketing time and materials, continuing
education
What You Do
As bills become more complicated, the opportunity for fi nding errors and overcharges
in them increases. For most businesses, though, the tedious, detail- oriented
work necessary to check each bill and interpret all the data is just too timeconsuming.
An auditing specialist can work through all the paper records, uncover
overcharges, collect a percentage of the money saved, and make an excellent living.
To be very successful, you will need the ability to consider what lies behind the rows
of fi gures on a utility bill. Something as basic as a misplaced decimal point can have
a huge eff ect, but it’s harder to spot incorrect rate assignments, double billing for
small segments of the service, or opportunities to use a diff erent rate structure.
What You Need
You’ll need a good place to work. Th is is a lot of detailed reading, calculating, and
thinking, so your equipment needs to fi t you comfortably (around $3,000 to start).
Keys to Success
If you focus on utility bills, look for organizations that consume large quantities
of electricity, such as businesses that are open all night. Government organizations,
churches, and other institutions with big buildings and inadequate staffi ng
The 200 Best Home Businesses 17
are excellent prospects also. Some auditing services focus on insurance costs or
telephone charges. In spite of the clear benefi ts you will off er, however, marketing
is a challenge. People aren’t used to the idea of auditing specialists, and they probably
have no idea how much money they are pouring down the drain each month
in their businesses. In other words, they undoubtedly need your service, but they
don’t realize it. You will succeed when you fi nd a way to help them understand the
benefi t you off er.
EXPERT ADVICE
What sets your business apart from others like it?
“I don’t just punch numbers into a computer . . . I delve deeper to fi nd out
more about my customers and how I can help them on a long-term basis,” says
Dianna Stahl, President & CEO of E.R.S., Inc., in Akron, Ohio.
Things you couldn’t do without
Stahl says she absolutely couldn’t do without a computer and a phone.
Marketing tips
“Find a good mentor in whatever area you’re weak in. I was weak in sales, so
I found myself a good sales mentor and it helped immeasurably.”
If you had to do it all over again . . .
“Know the people you’re going to go into business with well before you do
it. I was starting my business based on someone else’s promises, and they didn’t
come through. Fortunately, it worked out.”
Automotive Detailing
Start-up cost: $5,000–$10,000
Potential earnings: $30,000–$60,000
Typical fees: $100–$500 per job
Advertising: Newspapers, automotive publications, body shops,
networking with dealers, regional coupon books (off er 10
percent off or one free service after fi ve visits, and so on)
Qualifi cations: A fl air for the artistic
Equipment needed: Cleaning equipment such as polish, rags, brushes,
toothbrushes, cotton swabs; equipment such as airbrush,
paint, sealer
18 The 200 Best Home Businesses
Staff required: No
Hidden costs: Larger building as business grows
What You Do
Automotive detailing can be done anywhere and at your convenience. A relatively
low initial investment will start you on your way. Although the number of auto
detailers has grown signifi cantly, you can remain competitive by creating a smart
marketing plan, providing superior service, off ering lower prices, and exhibiting
sound management skills. Continually look for ways to provide services that your
competition has overlooked.
What You Need
Aside from the cost of basic cleaning equipment, an airbrush and related art supplies
will start at $2,500. It may be necessary to consider the location of your
business. You may need to buy a small garage or shed in which to work.
Keys to Success
If you have dreamed of working at your own pace and during the hours you
choose, automotive detailing can be a rewarding occupation. Individuals with
artistic fl air and an appreciation for well-kept automobiles are always in demand
as many automobile dealers continue to farm out their detail work. Creativity is
the key to keeping the competition at bay. Consider a mobile detail shop as your
business van to allow on-site work, saving you and your customers valuable time.
Your work is diff erent everyday, so what’s not to like?
Automotive Loan Broker
Start-up cost: $3,000–$10,000
Potential earnings: $50,000–$70,000
Typical fees: Percentage of loan amount from lender or borrower
Advertising: Classifi ed ads in local and national newspapers and
magazines, banner ads on sites like Cars.com, and a Web
site of your own where people could prequalify for loans
online (pending your review and approval)
Qualifi cations: Finance background would be helpful
The 200 Best Home Businesses 19
Equipment needed: Cell phone (with or without hands-free accessories), offi ce
furniture, computer with Internet access and Web site
hosting capabilities, suite software, printer, fax, business
cards, letterhead, envelopes
Staff required: No
Hidden costs: Utility bills
What You Do
A loan broker brings together the people who need money with the institutions that
are in the business of lending it. As an automotive loan broker you will be specializing
in a type of loan that almost every household in the country needs. Th ere are roughly
1.8 vehicles per household in the United States, and most of the new vehicles sold
are purchased through loans. Th at’s a huge potential market. How can you become a
part of this picture? You have a list of lenders, a long list. You have obtained their trust
with a well-organized business plan. You advertise for borrowers in local automotive
newspapers and Web sites like Cars.com. It is also possible that local auto dealerships
might be good referral sources for you, so it would be worth some buddy-up time
with them. Th e best part is, you don’t have to restrict yourself to your own geographical
area; much of this business can be done via Internet (through your Web site) and
by phone. It is important to have a written agreement before you begin the loan search
process, as most of your clients will use your service instead of a bank because they’ve
had trouble securing credit in a more traditional way.
What You Need
Th e borrowers will visit the lender’s offi ce, not yours. Your initial start-up costs are
your Web site, some advertising, and the equipment to support your paperwork and
communications; all of these should be under $10,000. Th e Web site is crucial and
should include a secure server, since your customers will be sending confi dential
information via the Internet through your site. Still, you should be able to generate
signifi cant business if you can promise decent terms. If you have true marketing savvy,
you could earn as much as $70,000 from all of your eff orts. In short, the potential
for success in this business is high. All you need is the ability to produce. Th e more
automated you make your business, the higher your profi t will ultimately be.
Keys to Success
Clarity on goals and expectations is vital to the professional, ethical conduct of a
loan brokering business. You make it clear to the potential borrower what expenses
are to be reimbursed, and you take a fee only as a commission on a completed loan.
Skill at bringing the two sides of the automotive transaction together can enable
you to earn a very high income once you are established. Persistence pays off here,
as it so often does in the world of small business.
20 The 200 Best Home Businesses
Automotive Maintenance
Start-up cost: $2,000–$5,000
Potential earnings: $25,000–$50,000
Typical fees: $25 and up per hour you spend on a job, plus part costs
Advertising: Newspaper, radio, billboards, neighborhood fl yers, direct
mail, location, electronic mailing lists for car enthusiasts, a
Web site with car care tips or photos of your best work
Qualifi cations: Certifi ed Automobile Mechanic, knowledge of
environmental and governmental regulations
Equipment needed: Automotive repair tools, inventory of wipers, motor oil,
garage space (rented or owned), a computer for researching
parts availability as well as for doing some self-promotion
Staff required: No
Hidden costs: Inventory, insurance, ongoing advertising
What You Do
Americans value our autos very highly, and we want excellent care for them. An
auto maintenance service can be a wonderful way to reach this large group of
customers, most of whom are keeping their cars years longer than they did in the
past. You can focus your business just on maintenance and leave the complicated
computer diagnosis and repairs and the big parts inventory to the dealers and
garages. You’ll have a limited, repeated set of procedures to follow, and you can
build a loyal clientele if you keep people’s cars running well and do it in a way that
is convenient for their drivers.
What You Need
Costs will be fairly high to equip your business, unless you can buy a set of tools
from another business for a reasonable sum. It will take some expensive marketing
to launch your enterprise, and you will need to keep a certain level of advertising
going throughout each year. If you are good, word of mouth could get you at least
$25,000 the fi rst year.
Keys to Success
So, what makes you think you can compete with Minit-Lube? Th e answer, of
course, is personal service. You’re not just a well-trained teenager in a clean uniform,
you’re an experienced, well-organized, customer-oriented maintenance
person. You’re the answer to the dreams of the little old lady who relies on her
car for safe travel; of the incredibly busy executive who demands rapid, accurate
The 200 Best Home Businesses 21
service; and of the car nuts who drop in and want to “talk cars” with someone else
who cares about them as much as they do. As long as there are cars, there will
always be work for people who know how to fi x them.
EXPERT ADVICE
What sets your business apart from others like it?
Paul Taylor, owner of a Midas Muffl er franchise in Lawrence, New York,
says his business is set apart because it’s run by him. “I believe in the highest standards
of equipment and service, and my customers know that about me.”
Things you couldn’t do without
“It really depends on the types of services you’re providing. If it’s just a
muffl er shop, you’ll only need an air compressor, cutting torches, a MIG welder,
and lifts; you’ll need more equipment if you start adding brake services and other
automotive repair services.” Taylor says he couldn’t do without multiline phones,
an answering machine, fax, and printer in his offi ce.
Marketing tips
“As an independent, you’ll need to do more guerrilla-type marketing,
going after wholesale work within a trade as a subcontractor for body shops or
transmission services. If you’re in a franchise operation, you should be getting all
the marketing and technical support they can off er; after all, that’s really the only
reason for buying into a franchise.”
If you had to do it all over again . . .
“I think I’ve done all the right things.”
Automotive Paint Touch-Up Professional
Start-up cost: $500–$1,000
Potential earnings: $15,000–$25,000
Typical fees: $30–$50 per job
Advertising: Memberships to and active participation in car enthusiast
events, direct mail, fl yers, networking with dealers and auto
repair shops, radio spots, classifi ed ads in auto sales section
of newspaper
Qualifi cations: Some experience with auto paint work, sales skills,
knowledge of environmental regulations
22 The 200 Best Home Businesses
Equipment needed: Inventory of popular paint colors, sander, brush
Staff required: No
Hidden costs: Inventory and disposal of used chemicals
What You Do
It’s not the big things that drive us crazy; sometimes, it’s the dings in our car doors
and the chips off the hood. For an entirely new paint job or the replacement of
a crumpled fender, plenty of sources are available in most communities. But how
can people keep those little scratches and chips from slowly ruining the appearance
and resale value of their cars? Th at’s where your service comes in. You can fi x the
small stuff , which is important nowadays just to keep a car’s body warranty in
eff ect. Your business meets the need for a hassle-free, inexpensive way to maintain
the smooth surface that your customers’ vehicles had when new.
What You Need
Costs are low (about $500 for materials). Your skill in doing neat-looking paint
touch-ups is your main product. On a part-time basis alone you could earn in
excess of $15,000.
Keys to Success
Can you fi nd a way to market to and serve a number of people in one place, perhaps
even off ering group discounts? Would it work to fi x the scratches in every car
in the parking lot of a huge company? Can you be an add-in to the work of a local
detailer, car wash, or used car lot? You decide and market yourself accordingly.
Band Manager
Start-up cost: $500–$1,000
Potential earnings: $15,000–$25,000
Typical fees: 10 to 25 percent of a gig
Advertising: Industry trade publications, local paper, direct mail,
nightclubs, bulletin boards, musicians’ associations,
electronic mailing lists, and banner ads on Web sites for
musicians; later, you might consider having a Web site of
your own with testimonials from other bands you manage
Qualifi cations: An ear for what will sell, management skills
Equipment needed: Cell phone (with or without hands-free accessories),
computer, laser printer, phone, letterhead, business cards
The 200 Best Home Businesses 23
Staff required: No
Hidden costs: Band could fi re you without notice; it might be a good idea
to represent several bands at once
What You Do
You’re into the club scene. You know instinctively what’s hot and what’s not. You
see a few up-and-coming bands who need representation (because, truthfully, most
musicians lack business skills). If you have the ability to convince musicians that you
can really sell them and make their jobs easier by handling all of the business details
they’d probably rather not think of anyway, you could make a decent living. You’ll
need to be well connected on the club scene. If you are clued in on where to plug your
band(s), you could successfully book them for regular gigs and earn a steady fl ow of
income for yourself in the meantime. Of course, you need to really believe in your
band, because if you don’t, you won’t be able to develop and promote them properly
and it will show in your presentation. Good negotiation skills are a must.
What You Need
You’ll need some initial capital ($500–$1,000) to help get the band off the ground
and lay the ground for some publicity. Th e ability to negotiate good contracts
is important not only to the band, but also to you since you get roughly 10 to
25 percent of what they make. With percentages like that, you could realistically
make $15,000–$25,000 (depending on how many bands you represent).
Keys to Success
Expect to spend long hours on the phone trying to get bookings. You’ll probably
still have a day job in the beginning, so expect your evenings and weekends to be
tied up and your cell phone to always be on. Start out at small clubs and work your
way to bigger ones as your band(s) get more experience and confi dence.
Bankruptcy Services
Start-up cost: $1,000–$10,000
Potential earnings: $25,000–$40,000
Typical fees: $350 per client; sometimes an additional percentage (5 to
10 percent) from the creditors
Advertising: Local newspaper ads, seminars, public service speaking
engagements, a Web site that off ers alternatives to
bankruptcy fi ling and/or credit-restoration tips
Qualifi cations: Financial planning expertise, good people skills
24 The 200 Best Home Businesses
Equipment needed: Offi ce furniture suitable for client conferences, business
cards, computer with high-speed Internet access,
letterhead, envelopes, marketing materials
Staff required: No
Hidden costs: Errors and omissions insurance
What You Do
Overextending is one thing; being completely out of fi nancial control is another.
Your clients are the people who realize that they can’t manage the debt they’ve
accumulated, and they may be so overwhelmed they can’t manage the bankruptcy
process either. You assist them in developing a clear picture of their fi nancial situation,
fi ling for bankruptcy, and planning for the consequences. In today’s world
of easy credit, many people fi nd themselves in bankruptcy without quite realizing
what hit them. Th ey’re distressed, humiliated, and probably very confused as well.
Your assistance with the painful process of sorting out the facts from the feelings
is a very signifi cant benefi t.
What You Need
Costs can be low (under $3,000), depending largely upon how extensive you
choose to make your Web site. If you do it yourself and keep it simple, you can
stay closer to a $1,000 startup. But if you choose a more interactive experience for
your customers, complete with online evaluation of their situation, you could be
looking at a much higher start-up cost of $10,000 or more.
Keys to Success
You are meeting your clients at a real low point in their lives, but you are the
fi rst step on their way back up. So the emotional temperature of your workday
is going to be fl uctuating wildly. Keeping a good psychological balance will be
as important as getting the paperwork fi lled out correctly. Some of your clients
will just have been irresponsible, but others will have been dealt an impossible
hand by fate. Historically, the bankruptcy process has been designed to help these
people by wiping the slate more or less clean. People facing bankruptcy are not
generally easy to work with, so your skill in dealing with the human side of your
business—which may include some raw emotions—will be essential.
Bartending Service
Start-up cost: Under $1,000
Potential earnings: $10,000–$20,000
The 200 Best Home Businesses 25
Typical fees: $15–$30 per hour or a fl at per-event rate
Advertising: Classifi ed ads, bulletin boards, community newspapers
Qualifi cations: Legal drinking age; ability to mix drinks without looking
them up; some states require certifi cation and familiarity
with legal and liability issues
Equipment needed: None, but a cell phone might be handy
Staff required: No
Hidden costs: None apparent, but watch your mileage
What You Do
Being a traveling bartender service for private parties is an exciting way to meet
people and make money at the same time. You’ll mix libations for everyone from
wealthy executives to people at a family celebration, and the time will always pass
quickly. You’ll need to make sure that if you are expected to bring the beverages,
you secure funds from your customer ahead of time. Be sure to add in the cost of
delivering the goods as well. Th e best way to get started is to produce professionallooking
business cards and leave them prominently displayed at a few of your fi rst
jobs. In fact, you may want to do your fi rst fi ve jobs for free if you feel you’ll get a
lot of attention. Th at may be a great way to start the highballs rolling!
What You Need
With virtually nothing to lose but your time, you could do far worse than start a
bartending service. Invest in a few good mixology handbooks and you’ll be off to
a great start! You also may want to visit the more progressive bars in your area to
see if the bartenders know of any interesting new drinks. Th e more you can off er
your clients, the happier they will be.
Keys to Success
You’ll really absorb the energy and variety of bartending work, but it can be tiring
to stand on your feet in one place for too long. Remember to bring a bar stool for
yourself and invest in a good pair of shoes with soothing inserts!
Bartering Service
Start-up cost: $500–$2,000
Potential earnings: $15,000 and up
Typical fees: $15 or more per transaction
26 The 200 Best Home Businesses
Advertising: Community newspaper classifi eds, bulletin boards, fl yers,
networking, participation in community activities related
to recycling, cooperative grocery stores, Web site detailing
your services
Qualifi cations: Friendliness, attention to detail
Equipment needed: A fast computer and high-speed Internet access
Staff required: No
Hidden costs: Phone bill may be higher than expected
What You Do
You know everyone. You never waste a penny. You love to solve problems and to
help other people solve theirs. Th at’s why you will derive great satisfaction from
your barter system business. It’s really just putting two and two together: what
someone has with what someone else needs, and vice versa. Making it all work as
a profi table business will be a bit more challenging than just this (which you have
probably been doing on an amateur basis most of your life). Many barter systems
are warehouse operations, with individuals buying bulk odd lots and then trying
to trade them. You will need to become known, to gather the data, the off erings,
and the needs, and to work continually at the matches. Creating some kind of
valuation system for disparate objects and services may pose diffi culties also: how
does a car wash match up with a soccer ball? Trading small ski boots for larger
ones is easier. Your best bet is to suggest cost or product categories (i.e., $10–$25
or “Sporting Goods”) to keep people from trying to barter for more than they are
off ering. Your customers will be much happier when they are exchanging things
like leaf removal service for snow-plowing, or art supplies for computer paper.
What You Need
Costs will be minimal (only about $500 to start). You’ll need some way for your
clientele to reach you, and some way to track what is bartered. Your resourcefulness
is really what you’re selling in this business. A part-time business should net
you around $15,000.
Keys to Success
Barter systems appeal to people who try to live inexpensively and not wastefully:
the cooperative market types, people in academic communities, and creative thinkers
who are trying to step off the whirl of consumerism that keeps many of us in
debt. You’ll develop repeat customers if you can help people obtain their wants
and get rid of their don’t-wants at the same time without paying large sums of
money—just a small fee to you for the privilege. Th is business is a classic example
of making something out of nothing. Virtually no investment, no training required,
nothing but hard work on your part.
The 200 Best Home Businesses 27
Bed & Breakfast
Start-up cost: $60,000 (assuming you already own the building)
Potential earnings: $35,000–$175,000
Typical fees: $125+ per room, per night (depending on season)
Advertising: Yellow Pages, B&B directories (both online and print),
direct mail to travel agencies, Web site with reservation
capability or booking calendar
Qualifi cations: Permits for serving food to guests, may need zoning
permit, knowledge of regulations
Equipment needed: Beds and linens, towels, dining tables/chairs with enough
seating for all guests, plates and drinking glasses, kitchen
equipment, washer/dryer, large freezer, stationery/
brochures
Staff required: Yes (but it could be composed of family members)
Hidden costs: Be sure your prices cover everything from electricity to
food, as your utility bills and food costs will be signifi cantly
higher than usual
What You Do
Large verandas for after-dinner strolls . . . billowy white curtains blowing in the
breeze . . . quiet meals by fi relight. Th e sheer romance of a B&B can be intoxicating
enough to entice you into starting one of your own. If marketing trends are on
target, more and more folks are looking for unusual escapes from the stress of their
everyday lives. And what better place to recuperate than a peaceful, romantic inn?
You’ll need anywhere from two to twelve extra rooms for guest accommodations,
in addition to adequate kitchen and dining space. You will need to be meticulous
in your cleaning and make sure that all prepared foods follow strict regulations.
Also, be sure to educate yourself on all of the tourist attractions in your immediate
area. You’ll be surprised how often customers will count on your local expertise in
devising their travel plans.
What You Need
You’ll need at least $100,000–$400,000 if you need to purchase a suitable
home; you may also look into buying an existing B&B and simply taking over
the business (turnover is relatively high, as some owners burn out after a period
of ten years or so). If you already have a large enough home, put aside extra cash
($5,000–$10,000) for repairs and updates, in addition to another $10,000 to
cover your initial operating costs. You’ll spend between $1,500–$5,000 on your
28 The 200 Best Home Businesses
fi rst six months of advertising as well. But considering that you’ll charge clients
$125 and up per night, you should be able to develop a steady cash fl ow within the
fi rst fi ve years of your business plan’s projections.
Keys to Success
You could easily be drawn in to the seemingly idyllic country inn lifestyle. But
before you launder the sheets, put mints on the pillows, and open your doors to
guests, give a lot of thought to the hard work ahead; most B&B owners will tell
you that there are long hours of intense work (cooking, cleaning, and assisting
guests in all of their needs). If you don’t mind putting in a sixty-plus-hour workweek
without the promise of grand riches, a bed and breakfast inn can be a great
match. You’ll certainly meet lots of interesting people!
Bicycle Rental
Start-up cost: $7,500–$12,000
Potential earnings: $50,000–$80,000
Typical fees: $12–$15 per half-hour rental
Advertising: Flyers/brochures (give some to the chamber of commerce
or travel agencies), Yellow Pages, banner ads on travel or
local chamber of commerce Web sites
Qualifi cations: Knowledge of bicycle maintenance
Equipment needed: Fleet of bicycles and repair kits; may need storage space
Staff required: No
Hidden costs: Liability/theft insurance
What You Do
Remember the days of the bicycle built for two, when tourists rented bikes to
explore island areas where cars either didn’t exist or were blessedly limited? Th ose
days are still here—but the majority of bicycle rental businesses are now clustered
around crowded tourist spots such as Michigan’s Mackinac Island or Florida’s
sandy beaches. Many bicycle rental shops are now featuring Rollerblade rentals
as well, especially in places like California. Regardless of what you decide to off er,
you’ll be amazed at how much money can be made in this relatively easy business.
Each day you’ll take a fee for short-term rentals, off ering the possibility of instant
repeat business or a large number of daily rentals. And since most bicycle rentals
are cash transactions, you’ll have instant money. What could be easier than that?
The 200 Best Home Businesses 29
What You Need
Your main costs stem from the fact that you must buy a good fl eet of bicycles,
typically twenty to twenty-fi ve of them at a cost of $300 or so each. If necessary,
you can also rent garage space for $100–$300 per month. If you invest in only
used bicycles, your maintenance costs could potentially be high. Considering that
you’ll be earning $12–$15 per half-hour rentals, you could make a sizable amount
of money very quickly in this business if you’re in a tourist area (especially one that
doesn’t allow many cars). Don’t forget to spend some money on advertising; for
instance, a few strategically placed banner ads on travel or chamber of commerce
Web sites can bring signifi cantly more tourist business than mere reliance on word
of mouth.
Keys to Success
Do your homework and choose the right location for this business. Rental space
should be included in your start-up costs. Obviously, it will only be seasonal in
northern climates. Is that all you want? Or would you rather make money from
this relatively simple, straightforward business all year long? You decide. Either
way, you’re bound to make a decent piece of change.
Boat Maintenance/Cleaning Service
Start-up cost: $2,000–$10,000
Potential earnings: $30,000–$60,000
Typical fees: $75 per hour
Advertising: Marinas, boat retailers, Yellow Pages, brochures
Qualifi cations: Know the mechanics of a boat and the types of boats
Equipment needed: Cell phone, tools, cleaning supplies, dock, storage space
Staff required: No
Hidden costs: Repairs to equipment (you will need to maintain your
trailer on at least an annual basis), insurance
What You Do
Boat owners are nuts about their boats, and while they enjoy being out on the
open seas, they often hate keeping up with the maintenance end. After all, boating
is about getting away from it all, right? Usually, your clients have a lot of disposable
income, since they’ve invested a great deal of cash in the boat itself; that’s how you
can be sure of your own earning potential. On a more practical note, this business
is for you if you don’t mind a little grease under your nails and working out in the
30 The 200 Best Home Businesses
hot sun occasionally. Know your boat types (fi berglass, wood, steel, aluminum)
and what type of chemicals you can use on each without causing any damage.
Certifi cation as a boat mechanic will be helpful but not required. Advertise where
people buy dock space and at boat retailers. Try to get the businesses (such as
restaurants) along the shore to carry your brochure.
What You Need
If you are a good mechanic to begin with and have your own tools, your start-up
costs could be minimal (about $500). You’ll need storage space, possibly a dock,
and all types of cleaners, paint, and detergents. Your basic fee to do a tune-up
would likely be $50 per hour; add another $25 per hour to clean. Your salary will
be in the $30,000–$60,000 range.
Keys to Success
Th is is a big undertaking, as boat owners usually pamper their boats. You have
to be truly committed. If you like working with your hands and tinkering with
engines, this would be a great opportunity for you. Th e payoff in the end could
be great, too, as there are hundreds of thousands of registered boaters today. If
you space your jobs out well, this could be a full-time job, and you could add staff
before you know it.
Book Indexer
Start-up cost: $1,000–$2,500
Potential earnings: $15,000–$30,000
Typical fees: $2.50–$4.00 per printed book page
Advertising: Direct mail to book publishers, Yellow Pages, industry
newsletters, Web site with your credentials and rates (plus
some testimonials)
Qualifi cations: A strong eye for detail and subject matter; impeccable
organizational skills
Equipment needed: Computer with alphabetical sorting capability, indexing
software, printer
Staff required: No
Handicapped opportunity: Yes
Hidden Costs: Your time since you’ll be getting paid by the page, not by
the hour and indexes are complex and time-consuming to
create
The 200 Best Home Businesses 31
What You Do
When you’re reading a book and you want to fi nd information on a specifi c
topic, you look in the index fi rst. But it probably didn’t occur to you that putting
together an index is a job dependent upon painstaking accuracy and attention
to detail. It’s an area of specialization that sets professional indexers apart from
other editorial types. Th ese folks are typically not writers (although they can
be), and they are not really editors, either. Th eir expertise is sought after the
book is written and edited, but prior to publication. Th ey provide readers with a
service that enables them to locate topics of interest, saving them time in combing
through the entire book. Obviously indexers work with nonfi ction books, but
the subject matter can be extremely varied and could include everything from
automotive manuals to business or self-help guides. A good place to start if you
feel that your organizational skills are up to this kind of work is the American
Society of Indexers (www.asindexing.org), which has local chapters throughout
the United States. Joining organizations such as this prestigious association
could instantly raise your credibility level.
What You Need
Start-up costs are almost negligible for indexing; all you really need to purchase
upfront is your indexing software if you already own a computer. A variety of
good indexing programs are available for instant download on the Web. Begin
with memberships in key organizations, then submit a letter of interest or resume
to book publishers both locally and nationally. Set aside at least $1,000–$2,500
for working capital; also, you may want to furnish your offi ce with a comfortable
chair (a must). Charge anywhere from $2.50–$4.00 per printed book page; for
example, a 200-page book will net you $500 minimum for your indexing work.
Invest the time and energy to keep your Web site updated with an “index” of your
latest projects.
Keys to Success
Low initial investment makes this a win-win if you don’t mind detail-oriented
work. Th e hours may be long, the turnaround time may be quicker than you had
hoped, but the ability to generate income is there for those with talent.
Book Packager
Start-up cost: $1,000–$5,000
Potential earnings: $45,000–$80,000
Typical fees: Sometimes a percentage of total production costs; often, a
fl at consultant’s rate
32 The 200 Best Home Businesses
Advertising: Writers’ and publishers’ directories, industry trade
magazines, direct mail, Web site with online portfolio of
books you’ve helped produce
Qualifi cations: Editorial background, top-notch organizational skills,
broad understanding of publishing process
Equipment needed: Computer with printer and Internet access, fax, desktop
publishing software, cell phone
Staff required: No
Hidden costs: Insurance, cost of generating business (it can take a lot of
networking and paid listing on Web sites to get work)
What You Do
Book packagers are often hired by publishers whose staff s are too limited to work
on a multitude of projects simultaneously; in other words, these publishers are
maxed out on projects and need outside help in handling additional ones. Some
book packagers handle as much as 75 percent of a publishing house’s projects,
allowing the in-house staff to concentrate on future projects and expansion. You
would do well as a book packager if you have an editorial background, a knack for
organizing and pulling together all the details of a book project, and the foresight
to set realistic goals about accomplishing publication. You will likely handle everything
from hiring writers and photographers to production and sales/marketing
management. You would do well to pick an area of expertise, such as high-quality
illustrated books. Many publishers don’t have that kind of expertise in-house and
will gladly pay you for yours.
What You Need
Expect to spend between $1,000–$5,000 on your start-up, which will cover your
initial advertising in addition to your complete computer setup (with printer,
Internet access, fax, and desktop publishing software). If you can, develop your
own simple, straightforward Web site, complete with samples of some of your
work and testimonials from publishers you’ve worked with before. You’ll need to
work hard to make $45,000–$75,000 or more in this fi eld, but it isn’t uncommon
(especially for those in close proximity to the publishing capitals of New York,
Chicago, and San Francisco).
Keys to Success
Th ings could easily get out of hand when you are pulling together many diff erent
creative forces for a special project. Try to work out your worst-case scenarios early
enough to form a game plan around them, and set deadlines that are far ahead of
when you actually need a project to be completed. You’ll see why after only one
project.
The 200 Best Home Businesses 33
EXPERT ADVICE
What sets your business apart from others like it?
Andy Mayer, President and co-owner (with Jim Becker) of Becker &
Mayer Ltd. in Seattle, Washington, says the ability to produce very complicated,
production-intensive books is what sets his business apart. “My partner and I both
have backgrounds in toy invention and design, and we can produce really interesting
books as a result.”
Things you couldn’t do without
“Our staff ! We couldn’t do anything without them . . . so many good ideas
come from them. From an equipment standpoint, we couldn’t do without a phone,
a computer, and a color printer to produce mock-ups for publishers.”
Marketing tips
“Bring a lot of who you are to your company. Find out what your passions
are and try to put that into the things you produce. Also, don’t listen to people
who try to tell you there’s only one way to do something. Freely break the rules
and see what happens.”
If you had to do it all over again . . .
“I would have focused the business on book packaging much earlier . . . we
tried to do both book packaging and toy invention, and that didn’t work as well.”
Bookkeeper
Start-up cost: $2,000–$9,000
Potential earnings: $20,000–$50,000
Typical fees: $25–$35 per hour; more for fi nancial statements and other
tasks; fl at monthly fees rather than hourly for some clients
Advertising: Ads in Yellow Pages and trade publications, networking
with CPAs, referrals, Web site with client testimonials and
perhaps some simple record-keeping tips
Qualifi cations: Knowledge of basic bookkeeping principles, some legal
and tax knowledge, ability to use a computer, accounting/
spreadsheet software, good eye for detail, honesty, good
communications skills
Equipment needed: Computer with Internet access, basic offi ce equipment, a
fi nancial calculator and accounting software
34 The 200 Best Home Businesses
Staff required: No
Hidden costs: Possibly association dues
What You Do
Small business owners, in particular, use bookkeeping services to keep up with
the ever-changing tax laws and the constant fl ow of bookkeeping details for which
they don’t have time. Clients need help with such tasks as making deposits; reconciling
bank statements; preparing fi nancial reports; and handling payroll, billing,
and accounts payable and receivable, to name a few. What’s the diff erence between
bookkeeping and accounting? Bookkeepers are the record keepers; an accountant’s
job is to analyze and audit the records. If you have a clear, logical mind and common
sense, this may be a great business for you. It is recession-proof, essential
work that can be challenging and fun.
What You Need
Th e required computer and offi ce equipment can be acquired for as little as $2,000.
Add another $500 or so for your fi rst six months of advertising or the design and
hosting of your own Web site, and you’ll be all set. You might consider joining
business owners’ associations or your local Chamber of Commerce to generate
business. Charges for your services will vary according to the extent of the project,
but the average fees are $25–$35 per hour.
Keys to Success
Th is work gives you a great opportunity to learn more about the business world
and about specifi c fi elds of business. Th e work requires close attention to each
detail and necessitates your staying current about tax-law changes relating to
payroll and record keeping. Mistakes may cause problems for your client with the
government. Clients may also blame you for mistakes that they made. If you like
numbers and enjoy working independently to solve problems, bookkeeping may
be a great career for you.
Bridal Consultant
Start-up cost: $1,000–$3,500
Potential earnings: $25,000–$60,000 (depending on volume and location)
Typical fees: $35–$45 per hour (more in larger metropolitan areas)
Advertising: Bridal magazines (many areas have their own local
versions), bridal salons, newspapers, Web site with some
general wedding planning checklists or tips
The 200 Best Home Businesses 35
Qualifi cations: An eye for detail and a cool head
Equipment needed: Cell phone, computer
Staff required: Sometimes
Hidden costs: Keep accurate records of the time you spend with each
client, or you could short-change yourself.
What You Do
Wedding planning can easily turn any reasonable family into a temporary war
zone—and that’s where bridal consultants come into the picture. With most families
spending anywhere from $10,000–$15,000 and up on the wedding extravaganza
itself, what’s a few extra dollars to take the headache out of the blessed
event’s planning? Your rates would range from $50 per hour to a fl at fee of $1,000
or more for the entire wedding, so it is easy to see how you could earn a sizeable
amount of money in a short period of time. But don’t think you won’t work hard
for it. As a bridal consultant, you will handle every minute detail, from the number
of guests to invite to what kind of champagne to buy. You are essentially in the
hotbed of the action, with total responsibility for every aspect of the wedding.
What You Need
You will need to develop a strong word-of-mouth network. Try forging reciprocal
referral arrangements with fl orists, bridal shops, and hair salons to build a good
reputation. Also, since this is a people- and image-oriented business, you will need
to make sure you look like you’re worth it. Dress professionally and carry yourself
with poise and an air of diplomacy. Th e bulk of your start-up costs will be in
producing business cards and brochures in addition to placing newspaper and
bridal magazine ads (count on forking over at least $1,000 for those items). You
should also consider building a Web site that off ers some general tips, preparation
checklists, and an online photo gallery of some of your best-produced weddings.
In this business, a picture is defi nitely worth a thousand words! Once you build
a name for yourself, you may need additional staff to help you manage several
weddings at once. You may also seek out partnerships with related services so that
all of the responsibility doesn’t fall on you. For instance, what if you become sick
the weekend of the “big day”? Your job is to be prepared for everything—and to
assure your client that all will be fi ne no matter what.
Keys to Success
Th e fl ash and excitement of impending nuptials can be intoxicating, as can the
power involved in directing wedding parties to perform their best. Be careful not
to off end people or step on their toes. Listen to what your customers tell you they
want, and have the good sense to make them think all of the good ideas were
theirs. While such ego-suppression is hard to accomplish in a high-profi le job like
this one, remember that the customer is always king (or queen).
36 The 200 Best Home Businesses
Bridal Show Promoter
Start-up cost: $5,000–$15,000
Potential earnings: $20,000–$40,000
Typical fees: $125 per booth rental space
Advertising: Flyers, radio and newspaper ads, bridal shops, direct mail,
billboards, Web site (on which you can sell banner ads as
well as off er some useful wedding planning tips or articles),
videotape of previous shows to encourage participants and
sponsors
Qualifi cations: Exceptional organizational skills
Equipment needed: Cell phone, computer with mailing list program, and
desktop publishing software (to help create a low-cost, yet
tastefully designed event program)
Staff required: Not initially
Hidden costs: Expensive radio ads; try to secure sponsors early in the
game or arrange to split costs with them
What You Do
Bridal shows are popular in every town; there are always women who seek the
best in wedding preparations. You should have no trouble securing an audience if
you book in the right places (such as shopping malls, banquet halls, and hotels).
Your biggest challenge will be to gain the attention, support, and dollars from
participating vendors, who could be made up of businesses like caterers, fl orists,
musicians, and cake decorators. You must be highly organized, however, to pull
this one off convincingly. Lose sight of details and you’ll instantly lose credibility
with your audience as well as your vendors. Th e best advice is to secure your
fi nancial support up front to avoid any out-of-pocket expenses; in the event of a
no-show vendor, you’ll still have your cash.
What You Need
Th e $5,000–$10,000 you’ll need to get this business off the ground properly
will mainly cover your advertising and promotional costs. Remember that you’ll
need to have professional-looking promotional materials (brochures, videos,
and a great Web site) to lure vendors in the fi rst place, and then the fl yers and
billboards to attract your audience. Do it all correctly and you’ll pull in between
$20,000–$40,000 yourself, depending on how many shows you run per year.
The 200 Best Home Businesses 37
Keys to Success
If you can’t get at least fi fty vendors for your fi rst show, maybe you ought to rethink
your marketing strategy. Try a novel approach, or get a well-known spokesperson
or local celebrity to appear. Collect testimonials and put them on your Web site.
Off er lots of great contests and prizes. Do everything humanly possible to attract
attention.
Building Maintenance Service
Start-up cost: $20,000–$40,000
Potential earnings: $45,000–$75,000
Typical fees: Monthly contract of $150–$350 per client/building per
month
Advertising: Yellow Pages, direct mail to building owners and rental
property managers, networking, cold calls
Qualifi cations: Handyman experience, preferably with some background
in electrical work and building systems
Equipment needed: Cell phone, van equipped with tools, chemicals/solvents,
ladders and small power equipment
Staff required: No
Hidden costs: Insurance
What You Do
Nearly all of the apartment complexes, offi ce buildings, and universities in your
community need to be maintained by someone. And if you have a technical,
hands-on background in building maintenance (or even more generally, as a Mr.
or Mrs. Fix-It) you can parlay that talent into a building maintenance service quite
nicely and logically. You’ll need to position yourself in this competitive business
as a small-but-mighty industry leader with stability and a commitment to keeping
everything running smoothly. Of course, you can’t promise that every single
light switch will always work perfectly, but you can off er a pager accessibility and
twenty-four-hour service so that your clients can rest comfortably knowing that
you’re in charge of those three-o’clock-in-the-morning emergencies. And isn’t that
the time most things go wrong?
What You Need
Your costs to launch this business will be moderate ($20,000–$40,000) due to
the fact that you’ll need a good van fi lled with everything from wrenches and
38 The 200 Best Home Businesses
sockets to small pneumatic drills and large ladders. If you’re a hard worker, as
most maintenance folks are, you could make $45,000–$75,000 (depending on
how many clients you serve). Of course, the more you make, the more likely you’ll
need additional staff , since one person can’t simultaneously fi x all the light switches
and circuits in a dozen buildings.
Keys to Success
Be prepared to spend long hours doing the kind of work that tinkerers like to do
most of all: fi guring out what went wrong with that blower or electrical system
and being the hero when the problem is solved. It’s not a bad way to end each day,
even if it is long.
Business Broker
Start-up cost: $2,500–$7,000
Potential earnings: $100,000 (based on one sale a month for 10 months of the
year)
Typical fees: Standard 10 to 12 percent of the selling price of the
business
Advertising: Direct mail, telemarketing, networking, ads in Yellow Pages
and business publications, banner ads on entrepreneurial
Web sites with a link to your own informative Web site
Qualifi cations: A real estate broker’s license in some states, ability
to understand fi nancial reports, solid business
background, considerable legal knowledge, good sales and
communication skills
Equipment needed: Cell phone, computer with Internet access, offi ce
equipment, business cards
Staff required: No
Hidden costs: Travel, phone costs of arranging long, drawn-out deals,
liability insurance
What You Do
Business brokers match clients who are interested in selling their businesses with
others who want to buy. Many such businesses are home-based. Th is fi eld is growing.
Many people think it’s less risky to buy an existing business than to start a
new one. Nearly all brokers represent the client who is selling a business, but
a few choose to represent the buyer. Specializing in a particular size or type of
The 200 Best Home Businesses 39
business, or in a particular geographic area, brings success to many home-based
brokers. Excellent communication skills are vital, particularly the ability to express
empathy and to listen carefully. Strong sales skills, coupled with the essential legal
knowledge and business background, will help you establish what could be a most
lucrative business.
What You Need
A computer, printer, and software (some specialized) will cost an average of
$3,500. Add to this at least $700 for offi ce furniture, phone, letterhead, and supplies.
Your earnings will hinge on whether you’re able to strike a deal; if so, take a
10 to 12 percent cut on the selling price.
Keys to Success
Network, network, network! Talk to people who own businesses, fi gure out what
associations they belong to, and join them. Get referrals from lawyers, accountants,
and bankers. Take some adult education courses, if necessary, to help you
learn more about the unfamiliar aspects of your new business. Getting businesses
to sell is hard work, but remember that it helps to specialize. It’s fun to act as
matchmaker and satisfying to help your clients succeed. Your expenses and startup
costs are low, and the opportunity to make a great living is excellent. Nothing
succeeds like success, so once you make a great match, you’ll have a basis on which
to build future business.
Business Form Production and Sales
Start-up cost: $20,000–$40,000
Potential earnings: $35,000–$60,000
Typical fees: $25–$30 per form; more if it’s a complex custom design
versus a predesigned template
Advertising: Yellow Pages, classifi ed ads, direct mail, Web site with
e-commerce capability (for easy online purchasing and
downloading of forms)
Qualifi cations: Basic editing and desktop publishing/design skills,
knowledge of e-commerce, sales experience
Equipment needed: Computer, Adobe Acrobat software (for .pdf creation),
printing equipment (if not using a subcontractor),
extensive online or color catalog of your goods, inventory of
a wide variety of forms
Staff required: No
40 The 200 Best Home Businesses
Hidden costs: Costs of cold calls—use the Internet to your highest
benefi t by advertising your Web site in as many places as
possible
What You Do
Th is type of business is so standardized and easy for people to learn that it is
among the top franchise businesses on the market today. All you need to do is
fi nd out what potential customers are using for business forms (such as inventory
records, receipts, invoices, and other important documents). Th en you sell
them on your customized service, quick turnaround, and easy terms. Remember,
though, that you will be competing heavily against some fairly large organizations
(such as Offi ce Depot and Offi ce Max) as well as other independents like yourself;
you will need super sales skills to stay on top of it all and make your regular goals.
In the old days, cold-calling was the primary way of fi nding new business, but
now you can place banner ads on entrepreneurial Web sites and you’re one click
away from fi nding new customers on a regular basis. Th e income potential is great
for those who sell online and who can stomach the competition. If you capitalize
on your strong points, you should be able to come up with forms that make
every customer happy (and, ultimately, result in your own profi tability). You can
either design your own forms, or purchase them from paper suppliers and related
sources found on the Internet.
What You Need
You’ll need between $20,000–$40,000, particularly if you buy into a franchise
operation, but can get away with $5,000–$10,000 if you do the whole thing on
your Web site. Th is investment will usually cover your catalogs, inventory, and
training materials, and may also cover printing equipment (typically including
specialized software). You may also partner with a supplier who helps you develop
your own Web page that links to their site, and from which your customers can
purchase and download forms. You’ll charge $25–$30 per type of form; more if it’s
a complex custom design your customer wants you to create from scratch. In the
end, you’ll wind up making between $35,000–$65,000 per year if you’re working
full-time and full-throttle. Expect to make anywhere from $20,000–$40,000 per
year, but more like $35,000–$60,000 as a Web-based business.
Keys to Success
Th ere is probably no more straightforward, easy business to learn than this. But do
recognize that you’re going to need to be well connected to get regular, dependable
business. Network with anyone who’s anyone, and make the daily fi fty or so phone
calls it may take to get one fresh, new lead. After all, you’re competing against
major offi ce store chains, and you need to tell people that what sets your business
apart is the customized service. On the Web, off er special deals (such as 10 percent
off ) to customers who purchase three or more forms at one time.
The 200 Best Home Businesses 41
Business Networking Service
Start-up cost: $5,000–$10,000
Potential earnings: $20,000–$80,000
Typical fees: $200–$300 per year per member
Advertising: Business publications, newspapers, Yellow Pages, direct
mail, networking, subscriber-only Web site
Qualifi cations: Th e ability to organize and lead groups, some business
experience would be helpful as well
Equipment needed: Computer with Internet access; cell phone
Staff required: No
Hidden costs: Phone calls
What You Do
Th ere are at least 5,000 new businesses launched every day of the week, and all
of them need to connect with other businesses to exchange leads and helpful
ideas. Your business brings these entrepreneurial minds to the table, encouraging
interaction and support. Th at’s what your members essentially get from joining
a business networking service. What you get from this service is a steady income
and the rewards of facilitating the success of others. You’ll round up as many new
business owners as you can, invite them to an introductory session, and hook them
up with seasoned professionals. Th en, secure a fi nancial commitment of anywhere
from $200 to $300 per year from each member, and you have a business networking
service. What sets you apart from other associations (such as the Chamber
of Commerce, for example) is that you provide expert ability to mix exactly the
right combination of professionals, allowing only one company to join in a given
category so that there is not direct competition. You can also provide monthly
speakers to inspire and motivate the entire group to continued success.
What You Need
You’ll need to advertise your service extensively at fi rst; set aside at least $1,500 for
this necessity until your own networking members bring you additional business.
You will also need to rent a meeting place one a month. Check hotels, churches,
and universities for the best rates, and negotiate special rates based on frequency.
Keys to Success
If bringing people and businesses together to work for the group’s common good
pleases you, you will be pleasing others and making a great deal of money doing it.
42 The 200 Best Home Businesses
However, be sure not to invite any unethical businesses into the group; check each
out with the Better Business Bureau before accepting their application. It will go
miles toward preserving your credibility.
Business Plan Writer
Start-up cost: $5,000–$10,000
Potential earnings: $30,000–$100,000
Typical fees: $3,000–$6,000 per plan (about two weeks of work); $45
per hour
Advertising: Teaching courses on business development; networking,
including with bankers and at entrepreneurship centers;
business associations; advertising in local business
newsletters and with banner ads on entrepreneurial Web
sites; your own Web site with general business-planning
tips and testimonials from your best clients
Qualifi cations: Understanding of fi nancial statements, savvy business
sense, excellent oral and written communication skills,
ability to get people to work together, experience writing
business plans
Equipment needed: Computer with Internet access, fax, laser printer, suite
software, business-planning software, offi ce furniture,
business cards, letterhead, envelopes, brochures
Staff required: No
Hidden costs: Association dues, business periodical and newspaper
subscriptions, insurance
What You Do
Businesses are being created all over the country at a phenomenal rate. Th ere are
two main reasons for these new enterprises to want a formal business plan. First,
the plan structures the eff orts of everyone involved, outlining what needs to be
done and describing the means by which those goals will be achieved. It highlights
the feasibility of the products or services that the enterprise will be marketing.
Most importantly, it estimates expenses and revenues, along with projections. If
the revenues won’t cover the expenses, it doesn’t matter what wonderful things
could happen down the road. Th e cash-starved business won’t be able to get there
to achieve them.
The 200 Best Home Businesses 43
Th e second main reason to have a business plan is to obtain fi nancing. A
business plan is essential for obtaining bank loans and most other types of outside
fi nancing. You can take your good sense of business and fi nance, your high-level
business writing skills, and your ability to communicate with fl edgling entrepreneurs
and earn a hefty annual income writing business plans.
What You Need
Th e equipment and materials to present a professional image are fairly costly (in
the neighborhood of $3,000–$10,000). You’ll need to be able to produce a very
polished printout of the fi nal plan, most likely using one of the better-quality
business plan software packages available (about $150–$300). But you can charge
$3,000 and up for each package, with hourly fees of $45 or more depending on
your location. You may also opt to automate your services via your Web site, where
customers can fi ll out a detailed information form, enter their payment details
through a secure server, and receive their fi nished proposal in a week to 10 days.
For this type of service, you can charge $500–$800 for each proposal you create.
Keys to Success
If you have developed the wide range of skills necessary to do this work, you
undoubtedly are the kind of person who loves this job and can tolerate the tedious
parts. What can be more rewarding than helping a new enterprise take wing and
fl y? You will really be a combination counselor and consultant for the entrepreneurs.
It is very diffi cult to write an eff ective business plan, but that is the very
reason your market exists. Each situation is diff erent, which means that there are
opportunities for continuous learning on your part. Once you complete a plan, you
will need to have another client waiting, so your marketing must be ongoing. Who
sees your clients right before you do? Perhaps you might network with business
incubators, career counselors and your local university to develop a strong referral
base. On another note, it’s a good practice to ask for a 50 percent deposit up front.
While most businesses fail due to poor marketing and undercapitalization, some
business start-ups are shady.
Cake Decorator
Start-up cost: $100–$200
Potential earnings: $5,000–$25,000
Typical fees: $10–$1,000 per cake
Advertising: Newspaper ads, neighborhood bulletins, brochures
44 The 200 Best Home Businesses
Qualifi cations: Cake baking and decorating knowledge; knowledge of
health regulations; possible food preparation permits;
patience and good marketing skills
Equipment needed: Baking pans and utensils, decorating supplies, ingredients,
oven
Staff required: None
Hidden costs: Possibly a second oven or other facilities as business grows;
need vehicle if you deliver
What You Do
People love home-baked goodies. All it takes to satisfy that need is an oven, some
recipes, and a way to let people know that you’re in business. Birthday cakes for
children are especially popular; a home baker can customize and personalize them
in countless ways to please the customer. Creating and selling wedding cakes can
be very lucrative but require more time and equipment than cakes for other occasions.
Nowadays people want to choose from more than chocolate, vanilla, or
yellow cakes—the sky’s the limit!
What You Need
Th e start-up cost for a cake-baking business is minimal. Some great recipes, baking
pans, decorating supplies, utensils, and an oven are all that you need. You’ll
also need to be aware of food preparation codes, and you may need to pay for
inspection and permits. If you can’t easily learn to decorate cakes from a book or by
trial-and-error, you may want to invest in an inexpensive cake decorating course. If
you plan to deliver the cakes, you will need an appropriate vehicle.
Keys to Success
Th e potential market is huge, especially since most working women and men don’t
have time to bake, but still want homemade cakes. Th ere are so many special occasions
to celebrate, and most of them feature great cakes: graduations, birthdays,
anniversaries, retirement parties, baby and wedding showers, weddings . . . the list
is endless! A cake that can be made for as little as 60 cents can sell for as much as
$9—a nice profi t for your eff orts! On the downside, it may take some practice to
make beautiful cakes.
Calligrapher
Start-up cost: $150–$500
Potential earnings: $10,000–$15,000
The 200 Best Home Businesses 45
Typical fees: $50–$75 per invitation, other items on a per-job basis
Advertising: Classifi ed ads, bridal magazines, bulletin boards
Qualifi cations: A steady hand and a love for lettering
Equipment needed: Calligraphy pens and ink, parchment or specialty paper
Staff required: No
Hidden costs: Advertising
What You Do
Th e fi ne art of calligraphy began in medieval times, when monks joyously and
laboriously produced biblical text using intricate, artistic lettering. Th is regal
writing appears today in items such as wedding invitations, birth notices, and
certifi cates of merit. You could also produce suitable-for-framing family trees.
(Th e customer would, of course, need to supply the data.) Without a huge initial
investment, you can off er your services to schools for diplomas, brides-to-be for
addressing invitations, athletic teams, and even corporations that have recognition
programs. Th e market is large, diverse, and challenging because there are many
paper companies that off er programs for producing certifi cates having the same
look as a hand-produced one. But for many folks, nothing can beat the beauty and
craftsmanship of a handwritten calligraphy invitation.
What You Need
Calligraphy pens and paper are all you need to start this business, although you
will have to work hard to get the word out. Perhaps you could mail invitations
to those who might need your service, inviting them in for a free consultation.
Networking with bridal salons may also help build business. Charge at least $50
per hour for your service, since it is specialized and can be time-consuming.
Keys to Success
Th e creative nature of this age-old art form is in demand by those who still place
value on the handmade; but, with the ability to quickly generate calligraphic style
on a computer, you may fi nd the market challenging, at best. Being a professional
calligrapher isn’t necessarily going to make you rich, but it’s not a bad way to earn
some extra pocket money, either.
Career Counselor
Start-up cost: $10,000–$15,000
Potential earnings: $30,000–$65,000
46 The 200 Best Home Businesses
Typical fees: $350 and up for an hour-long session, unlimited e-mails,
and production of a professional resume
Advertising: Yellow Pages, classifi ed ads, job fairs, human resource
newsletters, Web site with career tips and/or job listings
Qualifi cations: Many states require certifi cation
Equipment needed: Computer, assessment software programs, TV and VCR
or DVD for educational videos
Staff required: No
Hidden costs: Any type of counselor must keep an eye on the clock if he
or she is billing by the hour. Remember that time is money;
clients often need to be told when their time is up
What You Do
Th ere are literally thousands of careers out there. With so many choices, a career
counselor is in high demand to provide personal guidance. You can assist fi rst
with personality assessment, then with matching your client’s goals and interests
to a potential career. Next, map out a success plan for achieving that new job
or business. (Yes, many people do discover through career counseling that they
would really rather work for themselves.) You can use formatted questionnaires or
conduct personal interviews (or a combination of both) to arrive at some careerforming
conclusions. But your counseling eff orts don’t have to stop there; you can
also off er resume services, viewing of motivational videos, cassette tape rental, and
a library of resource books. Th e best part is, your business is recession-proof and
corporations often contract with career counselors during periods of downsizing.
Th e diffi cult part is reaching those who may need your services but who are currently
unaware that these services even exist.
What You Need
Your start-up cost primarily refl ects your offi ce furniture and assorted resource/
testing materials ($10,000–$15,000 is about right if you don’t already have a
computer). But the going rate for career counseling services is $350 and up (in
medium to large metropolitan areas; in smaller, rural areas, rates can be as low as
$45 per hour but this typically does not include resume services). With at least
one good corporate client and a few stragglers, you should be well on your way in
your own career path!
Keys to Success
You will be working with many diff erent types of people, but they do have one
thing in common: they are not sure of which direction to take their careers. Th is
can be frustrating to them, and no doubt that will translate into work for you,
which is part information-giving, part hand-holding. If you’re well-adjusted
The 200 Best Home Businesses 47
enough yourself to help others deal with a career catharsis, you’ll probably benefi t
professionally and personally from this type of service. You can even off er your
counseling services via the Internet or phone.
Carpet/Upholstery Cleaning
Start-up cost: $1,000–$3,000 if leasing equipment initially; $4,000–
$10,000 if buying equipment
Potential earnings: $35,000–$50,000
Typical fees: 20 cents per square foot fi rst room; $40 each additional
room
Advertising: Direct mail, Yellow Pages, newspaper ads, coupon books
Qualifi cations: Physically able to do manual labor, some prior experience
Equipment needed: Cleaning machine, large quantity of chemical cleaners,
some mode of transporting materials
Staff required: No
Hidden costs: Fuel for vehicle
What You Do
If “Out, damned spot!” is your battle cry, getting others to enlist your services in
the carpet/upholstery cleaning business shouldn’t be too hard. After all, we’ve all
spilled food or drink on at least one piece of furniture in our homes—and we’ve
all thought of paying a professional every once in a while to freshen up the house
with a good carpet cleaning. Th at is why this is such a recession-proof business;
the need for clean places to live never goes out of favor with consumers. You could
off er your cleaning services to everyone from homeowners to managers of apartment
complexes and even corporations. Th e best way to get your name out there
is through excellent, timely service and its resultant good word of mouth. You’ll
sweep the surface dirt from furniture and fl oors, perform an overall general cleaning,
and use industrial-strength spot removers on tough stain areas. Since each
room takes approximately an hour to service (if there are few stains requiring
more attention), there is the potential for making lots of money once you learn to
work quickly and effi ciently while maintaining high-quality standards. One fi nal
note: buying cleaning fl uids will be slightly more expensive if environmentally safe
products are chosen. Many people prefer “green” cleaning products, especially for
health reasons, and customers will feel safer and more satisfi ed when they know
there are no toxic residues in their house.
48 The 200 Best Home Businesses
What You Need
Deciding whether to buy or lease equipment at fi rst will depend upon how much
capital is available to invest. A carpet cleaning machine will cost from $600–$3,500,
while leasing will run about $300–$400 per month. Rotary shampooers and steam
extractors are the two current types available. While each has its advantages and
disadvantages, rotary shampooers are the preferred method because they clean
more deeply. A good, strong vacuum cleaner is the next most vital tool, and buying
a sturdy canister model with a variety of attachments will cost $400–$600. Th e
leasing option will be anywhere from $100–$200 per month. Access to a reliable
vehicle large enough to tote around all equipment and supplies (and gasoline to
run it) is another expense involved in this business, but really won’t amount to
much if you already have a station wagon/truck/van. Include advertising in your
budget, which could run anywhere from $600–$3,000 for half a year. Coupon
books seem to be fruitful ground for carpet cleaning businesses as a starting point
for bringing in new customers. For carpets, fees are often 20 cents per square foot
plus an additional $40 or more per each extra room depending on size. Upholstery
cleaning is usually done per piece, with fees ranging from $50–$150.
Keys to Success
Working for another local company fi rst may give you a good idea of what’s
needed to get started and how to proceed from there. As in most trades, experience
is essential to success. Knowing which contracts to take and which are just
impossible, what are appropriate fees for your area, how billing works, and other
aspects of the business will make your start-up smoother. Sales skills are a plus
since most people don’t realize that they might need your service, or know how
often they need it. Calling former customers to fi nd out if the work was performed
satisfactorily and off ering to repeat it will keep you busy.
Catalog Retailer
Start-up cost: $15,000–$60,000 (depending on whether you’re
marketing your own or someone else’s products)
Potential earnings: $25,000–$50,000+
Typical fees: Products can sell from $5–$500 or more; you’ll charge
one-third more than the retail price
Advertising: Direct mail, advertising co-ops with other catalog retailers
in national publications, banner ads with links to your own
catalog Web site
Qualifi cations: Sales/marketing background
The 200 Best Home Businesses 49
Equipment needed: Postage meter, computer with Internet access, printer, fax,
phone with 800 number for ease of ordering, credit card
processing equipment (for print catalogs); Computer with
DSL line, Web site, and online ordering/e-commerce
capability (for online catalogs)
Staff required: Not initially
Hidden costs: Insurance, purchase or lease of specialized mailing lists
What You Do
Catalogs have been around as long as there have been products to sell. But what
seems to work best in the catalog/mail order business is to use niche marketing;
that is, pick an area of specialization and only off er products related to that
area. For instance, you might sell only products for golf lovers or only baby items.
Choose an area that is specifi c enough to catch instant attention, yet broad enough
to include a wide variety of products. You’ll build your customer base from lists
you either rent or purchase; if you specialize, this will be an easy process for you
(and will cost less in the long run). Your days will be spent taking and fi lling orders
in the most effi cient way possible (hint: online ordering with drop shipping would
be ideal); you’ll also be handling customer service and possibly returns. Th at is
why, in addition to a terrifi c marketing background, you’ll also need some accounting
skills. It all gets to be quite complicated when you’re dealing with hundreds
of orders, which you’ll need to break even. Make sure you have adequate storage
space for all of the goods; you may run out of space quickly in your basement.
What You Need
Your earnings potential is unpredictable because you’re dealing with various
products at diff erent prices and hoping they will all sell within a short period
of time. Because you’ll need to send out a thousand or so catalogs to make your
sales eff orts pay off , and because you’ll need everything from a postage meter to
credit card processing equipment and a computer system to maintain and run your
business, expect to spend $15,000–$60,000. It’ll be closer to the high end if you’re
actually selling your own product line; obviously, it’s a little cheaper to work out
agreements with other manufacturers and get a percentage of their take (usually
15 to 20 percent). Don’t forget printing costs, either, which could run as high as
$10,000–$15,000 per issue. If you choose to do an online-only version of your
catalog, you will save on printing costs but will still need to pay design, updating,
e-commerce and hosting fees associated with your site. You could potentially earn
$25,000–$50,000 or more, depending on the market for your product line and
how much of a price variance you off er.
50 The 200 Best Home Businesses
Keys to Success
On the positive side, you’ll be able to work in your pajamas if you want to, since
you’ll be in your offi ce most of the day. Th e downside is, if you’re having a bad day,
orders won’t get fi lled and you’ll wind up losing money. Be sure that you’re selling
quality products—ask for samples.
Caterer
Start-up cost: $15,000–$23,000
Potential earnings: $30,000–$80,000
Typical fees: $800–$15,000 per event
Advertising: Brochures, press kits, direct mail, networking
Qualifi cations: Cooking and menu planning experience, knowledge of
health, safety, zoning, product liability, and other laws and
regulations; good people skills; good recordkeeping skills
Equipment needed: Cooking equipment and supplies; a commercial kitchen
(which may be rented or shared) and appropriate permits
Staff required: Not initially; may be needed to grow
Hidden costs: Travel costs associated with delivering food
What You Do
If you have the right mixture of cooking know-how, business acumen, and good
communication skills, catering can be a profi table and enjoyable enterprise.
Although a commercial kitchen may be required after your service starts to grow,
most catering services begin at home and then move to shared facilities in order
to keep capital costs low. One fast-growing segment of this business is food
delivery—especially lunches—to offi ces and corporations. Catering opportunities
abound in preparing private banquets at hotels; furnishing meals to airlines;
cooking for parties, fundraisers, and other events; or serving as an executive chef
in a company dining room. Specializing in a particular item, such as gourmet
wedding cakes or chocolate chip cookies, is another option. Caterers must observe
health, safety, zoning, product liability, and other laws and regulations. Detailed
recordkeeping is also needed.
What You Need
Access to a commercial kitchen can range from about $8,000–$12,000; appropriate
equipment (pots, pans, etc.) will be $500–$1,000. In addition, allow
The 200 Best Home Businesses 51
$3,000–$10,000 for legal and insurance fees, a license, and advertising. You will
also need a delivery vehicle.
Keys to Success
Successful catering requires a lot of hard work and careful planning. You have to
devote time to meeting with—and cooking for—potential clients even though you
may not be chosen to cater their event in the end. Social catering involves weekend
and evening work, and is also often seasonal in nature. Keep in mind that you also
will be responsible for serving and cleanup, as well as menu planning and cooking,
unless you hire others to do these tasks. On the other hand, cooking is fun! It’s
a creative process, one that nourishes the cook as well as those who eat the food.
You can control how much or how little you work. And you’ll always be welcome
in everyone’s kitchen!
Childbirth Instructor
Start-up cost: $500–$1,000
Potential earnings: $15,000–$35,000
Typical fees: $175 per couple for three to four classes
Advertising: Bulletin boards, parents’ newsletters, OB/GYN offi ces
Qualifi cations: A nursing degree would be helpful and respected by
those needing your service, but you will likely need state
certifi cation as a licensed childbirth instructor
Equipment needed: No
Staff required: No
Hidden costs: Liability insurance and educational materials such as
models, books, and videos
What You Do
Giving birth is a very natural experience that doesn’t come naturally—that’s why
we need childbirth instructors to show us the way. Childbirth instructors are
experts in labor stress and pain management. First-time parents are especially
uneasy (even frightened) about the pending event, and their fears are best calmed
with detailed and expert information from a reliable source. If you’ve been in a
delivery room, and have a nursing degree or related training, you would be a terrifi c
candidate for this type of work. A childbirth instructor is essentially a teacher,
so you must develop (and stick to) a teaching plan much the same as any other
teacher. Most childbirth classes meet once a week for four to six weeks, so space
52 The 200 Best Home Businesses
your lessons out accordingly. Begin with the basics and end with a strong visual,
such as a childbirth fi lm. Be sure to answer all questions, even the most common
ones, courteously and compassionately. After all, many of your customers haven’t
a clue what they’re in for, and it’s your job to make their fears subside for a calm,
secure birthing experience.
What You Need
You can contract with hospitals. If you decide not to, spend some advertising
dollars to get your name out there since you will be competing against them. In
addition to advertising in parents’ newsletters, you might also want to consider
advertising at a children’s consignment store, which often have bulletin boards
for child-related services. You could off er to provide some referrals for them in
return. You should also get to know a few obstetricians and midwives, who will
comprise your strongest source of word-of-mouth business. You might also want
to have a Web site or do some advertising on pregnancy Web sites, since there are
so many of them. Include testimonials that speak to how you helped calm the fears
of parents-to-be.
Keys to Success
Th e birth experience is a joyous occasion, and you will likely enjoy telling and
retelling the story of this miracle of life.
Child-Care Referral Service
Start-up cost: $500–$3,500
Potential earnings: $20,000–$65,000
Typical fees: Free browsing through your Web site; membership fee of
$150 per year for parents to use your search services and
interview and/or book childcare providers through your
Web site
Advertising: Classifi ed ads, display ads in local newspapers or regional
parenting magazines
Qualifi cations: You may need to be bonded or licensed in your state
Equipment needed: Pager or cell phone, computer with database program,
high-speed Internet access
Staff required: No
Hidden costs: None
The 200 Best Home Businesses 53
What You Do
Th is is a perfect job for those who like to work alone and as a valued resource
person. As a child-care referral agent, you will develop a database of names and
phone numbers of reputable child-care professionals in your area at a cost of about
$150 per member. Be sure that the database does its own background checks on
the child-care professionals, or you will need to do background checks for each
prospective hire. You would most likely get your start by placing a classifi ed ad
in your local newspaper, then talking with parents/prospective clients to discuss
their needs. For instance, some single parents or career couples are in need of a
caregiver to watch their kids all week long, while others just need part-time care
for their children. Some will want to interview each potential caregiver on your
list, while others will want you to do the legwork.
What You Need
First of all, you’ll need the ability to multitask and pay attention to details. But
with a minimal start-up cost of $500 for your advertising and Internet expenses,
you could begin to pull in a profi t with this business almost immediately. You will
need to build a vast network of reputable child-care professionals, which you can
easily accomplish by posting fl yers in public places (such as Laundromats and grocery
stores) and combing the ads in your local newspaper to fi nd babysitters who
are off ering their services. If you have a little bit of extra money to play with at the
beginning, you should also invest in professional-looking stationery and business
cards to convey the best possible image to your babysitters as well as to parents.
You might need to charge each prospective caregiver an annual membership fee of
$150 and use some of those funds to conduct online background checks.
Keys to Success
What’s not to like about setting your own hours and having essentially complete
control over a low-overhead business? While this business might not work well if
you live in rural area, it could really provide some decent cash if you live in a city
or suburbia.
Collectibles Broker
Start-up cost: $5,000–$15,000
Potential earnings: $500–$20,000
Typical fees: Varies from one collectible to another
Advertising: Online auctions, fl ea markets, swap meets, antique fairs,
fl yers, brochures
54 The 200 Best Home Businesses
Qualifi cations: Knowing how to spot money from junk
Equipment needed: Computer, digital camera
Staff required: No
Hidden costs: Listing fees at auction sites such as eBay, table/space rental
fees for fl ea markets, travel and setup time
What You Do
Everything old is new again! Remember the Morton Salt Girl or the Brady Bunch
lunch boxes with radios in them? In mint condition, they are in popular demand
right now and bringing in top dollars ($100 or more each). And so is anything
retro: salt/pepper sets, board games, clothing, limited edition plates, Presidential
items, cereal boxes, you name it. But that doesn’t relieve you of the responsibility
to heavily market your service. You can specialize in one era, such as the ’50s, and
carry everything from that time period. Or, you can specialize in one item, such
as toasters through the twentieth century. Try to hit as many antique fairs, swap
meets, and dealer conventions as possible. But the online auctions are where you’ll
probably spend the least, but earn the most.
What You Need
First off , you should have twenty to thirty collectibles to start. You will need equipment
to show off your stuff , so that will be the biggest expense (about $1,500
for a computer and digital camera). Th e next biggest will be your advertising
and marketing. When you go to shows, plan on paying $15–$100+ to rent a
table or space to showcase your merchandise. Earning potential will be initially
slow—$500–$20,000—until you’re-established.
Keys to Success
People are crazy for the past. Collecting has become a $6-billion a year business,
so if you have a collection you’re willing to part with, you could make some serious
money. Collecting interests tend to run in twenty-year cycles, so this is a long-term
possibility if you have an eye for what is collectible and what will sell. Th e danger is
getting so caught up in acquiring certain pieces that you aren’t willing to part with
them yourself. Beware—collecting is intoxicating to those who enjoy it!
Collection Agency
Start-up cost: $3,000–$10,500
Potential earnings: $30,000–$60,000
The 200 Best Home Businesses 55
Typical fees: 25 percent commission
Advertising: Phone solicitation, networking, writing articles for
local publications, public speaking, Web site with client
testimonials
Qualifi cations: Good communication skills; patience; high self-esteem;
budgeting skills; clear understanding of the Federal Fair
Debt Collection Practices Act and any relevant state laws;
understanding of health insurance policies and billing
practices if working with the medical fi eld; state, city, and/
or county licenses are typically required
Equipment needed: Computer, printer, fax, wordprocessing and spreadsheet
software, specialized collection software, and phone with
optional headset
Staff required: No
Hidden costs: Association dues for networking purposes; possibly
licensing fees
What You Do
Are you an addict of Unsolved Mysteries? Collectors are often put to the test as they
track down elusive debtors. State laws typically require people who do collections
to be bonded and licensed. Generally, it is not diffi cult to obtain the proper license
provided your state does not prohibit home-based agencies. Using special collections
software and a PC reduces the time and labor for handling mail and accounting,
making the collection service more effi cient. Additionally, services provided by
Internet search engines cut the cost of tracking debtors considerably.
What You Need
It is essential that you take advantage of the many high-tech devices that will make
the collection process easier. A computer is essential, as is customized collection
software. Costs ranging from $2,000–$7,000 for these basics are average. Don’t
forget to shop around for the best rates on Internet Service Provider packages,
which can run anywhere from $9.99 to $79.99 per month.
Keys to Success
Th e collection process is often frustrating. Keeping your self-esteem intact in the
face of rejection is necessary. Although confronting people about their unpaid
bills can be emotionally draining, the work never ceases to be challenging and
rewarding. In some cases, you are able to solve debtors’ fi nancial problems and
keep them from bankruptcy. When all parties agree on a suitable payment plan,
everyone wins.
56 The 200 Best Home Businesses
EXPERT ADVICE
What sets your business apart from others like it?
“Th ere are a lot of good agencies, and we all basically do the same things,”
says Deloris C. Lewis, President of Debt Credit Services & Associates in Akron,
Ohio. “I cater to the needs of my clients and go out of my way to help them. I try
to be fair to both the creditors and the debtors.”
Things you couldn’t do without
Lewis says she couldn’t do without an excellent, well-trained staff , speed
dialers, computers, integrated skip tracing and bookkeeping software, a phone
system, and mailing equipment.
Marketing tips
“Go after the large-dollar, small-account commercial business that’s out
there. Stay away from health care; if you’re new, it will be too demanding and
intense for you. Use networking and advertising to bring in new business, but
depend heavily on referrals.”
If you had to do it all over again . . .
“I’d have started with more capital . . . that means developing a sound business
plan, which I didn’t do in the beginning and which has held me back. I winged
it—and now I’d be more organized so that I could get better funding.”
College Application Consultant
Start-up cost: $500–$1,000
Potential earnings: $15,000–$30,000
Typical fees: Extremely varied; some consultants charge as little as $150
or as high as $1,000 for this service
Advertising: School and local papers, direct mail, Yellow Pages, banner
ads on college-oriented online message boards, your own
Web site with helpful information
Qualifi cations: Familiarity with various colleges and programs
Equipment needed: Computer, variety of available databases, reference
materials
Staff required: No
Hidden costs: Long distance phone calls and Internet Service Provider fees
The 200 Best Home Businesses 57
What You Do
Nowadays the hardest part of getting into a college is choosing the right one; it’s a
vital decision for a young person’s future, one with far-reaching implications. Now
more than ever, a bachelor’s degree is almost a requirement to secure a decent,
well-paying job. And although some high schools do have respectable advising
departments, many do not invest the time and money into this important aspect
of continuing education that they could and should. Th at’s where you come in. As
an independent college application consultant your services are in high demand
in a low-competition fi eld. What more could a business person ask for? If you
are amenable to long hours of research and documentation, this business could
provide you with just the intellectual challenge you need. Your main hurdles are
problem-solving for high school seniors and their families and dealing with emotional/
sentimental issues (primarily of the parents). You would conduct a skills/
needs assessment, match them to an appropriate choice of universities, assist the
customer in obtaining and fi lling in fi nancial aid and application forms properly
(and mailing them on time). You will also relay necessary facts about ACT/SATs,
placement tests (such as math, English, and foreign languages), degrees, program
requirements, extracurricular activities off ered by schools that might be of interest
to students, and so on.
What You Need
A computer is the largest expense at about $1,500, if you choose to buy one.
It isn’t a necessity but it will tremendously speed the search process. College
catalogs available online show listings of courses and a description of each, as well
as some information about application procedures, fees, deadlines, requirements
and other general facts about the schools. Buying many of these print catalogs,
as well as a few specialized publications that rate universities or give little-known
information about them, will cost several hundred dollars. Placing only small
ads will help keep advertising costs down to $100 or so, but the price of calls to
colleges may add up quickly, so remember to monitor your phone time. Charges
for these tasks could be determined a number of ways: per task, per package of
tasks, hourly, or however else seems reasonable for the area and best covers the
particular request.
Keys to Success
Good listening and problem-solving skills are your biggest assets in this business.
Customers are trusting you with a very important part of their lives: their futures.
High self-motivation and research skills will also help keep you enthused and
knowledgeable about colleges and what’s new on campuses. If you enjoy being the
middleman, then college consulting is for you.
58 The 200 Best Home Businesses
College Internship Placement Service
Start-up cost: $1,500–$3,000
Potential earnings: $20,000–$50,000
Typical fees: $75–$175 (paid by student/parents); hiring companies
may also pay from $75–$150 per listing if they want to
post openings
Advertising: College newspapers, campus bulletin boards, direct mail to
parents, Web site with internship off erings and capability
for students to apply via e-mail
Qualifi cations: Background in placement services would be helpful
Equipment needed: Computer with printer, Internet access, fax
Staff required: No
Hidden costs: Insurance, Internet Service Provider fees
What You Do
It used to be that companies off ering internships contacted colleges to fi nd students
for summer or short-term work. But, in this era, such companies are relying
increasingly upon services such as yours to bring them talent. It’s challenging work
to fi nd a suitable internship for a student (and vice versa), but you’ll have enough
resources from which to choose at your local library. Th ere are plenty of books
that detail such opportunities, and there should be plenty of postings for internships
through online services or the Internet. You’d have to work pretty hard to
exhaust all of the possibilities. You’d be wise to market to the parents of students
in addition to the students themselves, since parents are typically the ones with
the foresight to see the importance of an internship. You can deliver your service in
one of two ways: (1) as a consultant who fi nds and recommends several internship
possibilities for a student, or (2) as the liaison between hiring companies and
students, even going so far as to screen applicants and fi nalize the deal just as a
professional recruiter would do. You will obviously make more money with the
second option.
What You Need
You’ll need to have at least $1,500 for your computer system and another $1,000
or so for advertising in your fi rst six months. If you choose to do internship placement
for hiring companies, you will need to network with several such companies
in order to get their business. Contact management software would be a good
investment for this type of business.
The 200 Best Home Businesses 59
Keys to Success
Your work will be diff erent every day, and the challenges will present themselves
on a regular basis, too. Sometimes you’ll work with folks you simply can’t seem to
please, or who don’t come across as highly motivated. Remember that part of your
job is to sell students on the importance of choosing the best internships.
Color Consultant
Start-up cost: $2,000–$4,000
Potential earnings: $30,000–$50,000
Typical fees: $35–$75 per hour
Advertising: Local newspapers, business publications, direct mail, Web
site with latest color trends and client testimonials
Qualifi cations: Possibly training through cosmetic fi rm, paint company, or
similar business; certifi cation
Equipment needed: Computer, color swatches, color charts, cell phone
Staff required: No
Hidden costs: Travel expenses
What You Do
Have you ever wondered exactly how the major automobile manufacturers and
appliance makers decide which colors to use on their products? Or where the
world of fashion comes up with the latest hues? Th ey use color consultants—
experts who know the entire spectrum of the rainbow, including minute variations
and redefi ning nuances that are invisible to the untrained eye. It is essential that a
color consultant have a strong understanding of how color aff ects people in addition
to the natural ability to distinguish slight color variations. Th e former is a
learned skill, while the latter is a natural talent that must be present if you are to
be successful in the fi eld. Once established in this business, your days will consist
of working with a wide range of clients, including individuals, cosmetic companies,
corporations, appliance/furniture manufacturers, and so on. People will look to
you for the trends of the future.
What You Need
Training with a company that teaches color and color dynamics is the biggest initial
expense involved in becoming a consultant. Most often, the program is a week of
intensive instruction on color theory and analysis, marketing techniques, and applications;
expect to spend at least $1,200 on classes/certifi cation (if available in your
60 The 200 Best Home Businesses
area). Other costs are directly related to visual materials to use in consultations and
demonstrations, which can run anywhere from $25–$1,000. Consultations often
last an hour, with the average fee being $50–$75, depending upon the industry and
geographic area of the country. Once you are trained, you will work with corporate
and individual clients to determine the best color combinations to use in everything
from new product launches to color schemes on the walls.
Keys to Success
Working with people is always a challenge, but more so when it involves personal
issues such as what’s aesthetically pleasing and what’s not (which can be quite
subjective). Staying on top of the latest color trends can be an exciting challenge,
so if you like the idea of making other people look good and making money while
doing it, this could be the career for you.
Commercial Cleaning Service
Start-up cost: $700–$5,500
Potential earnings: $45,000–$75,000
Typical fees: $25–$50 per hour or a monthly fee of $500–$2,500
(depending on size of facility)
Advertising: Local business publications and newspapers, Yellow Pages,
Web site
Qualifi cations: License
Equipment needed: Janitorial cleaning equipment and supplies
Staff required: Most likely
Hidden costs: Liability insurance, licensing/bonding fees, high turnover if
you employ a staff
What You Do
Th ere will always be a need for commercial cleaning services. Offi ces are only one
piece of a prosperous pie: You can also count apartment buildings, retail shops,
and even health clubs among your best customers. Starting small with a homebased
cleaning business will keep your overhead low, allowing you to reach a break
even point much more quickly. You can even branch out to several locations by
off ering some of your best employees their own territory. If you’re willing to put
in the time and energy necessary to continually win new clients (while keeping the
old ones clean and happy), you can enjoy a very healthy income doing something
that is relatively easy. Best of all, you can set your own hours.
The 200 Best Home Businesses 61
What You Need
If you want to promote yourself as an environmentally friendly cleaning service,
you will likely spend a little bit more for your cleaning solutions; however, you can
easily recoup this in charging slightly higher fees for your services. Should you
choose a more traditional route, you can get away with a cart of cleaning solutions,
one industrial-size vacuum, and a supply of garbage bags (about $500 worth of
supplies to start). Don’t forget rubber gloves to protect your skin. If you decide to
invest in heavy-duty cleaning supplies that include professional-quality vacuums
and power cleaners, expect your start-up costs to be as high as $5,500.
Keys to Success
Th e hardest part of running a successful cleaning business is keeping it running.
While that may sound like a riddle, it’s no joke that the turnover in the cleaning
business is quite high. So look for innovative ways to keep your employees
happy and motivated. Run contests for those who bring in the most business or
award time off for those who put in a high number of hours. Also, you should
constantly strive to set yourself apart from competitors, especially larger chains
with bigger advertising budgets than yours. What you off er is personalized service
and attention to detail. With your company, customers are not just numbers on
a spreadsheet.
EXPERT ADVICE
What sets your business apart from others like it?
Lillian Lincoln, President of Centennial One, Inc., in Landover, Maryland,
says her company distinguishes itself from others by emphasis on quality. “We
place a great deal of emphasis on giving our clients a comfort level that assures them
that their building maintenance requirements will be adequately addressed.”
Things you couldn’t do without
Vacuums, buff ers, scrubbing and shampooing machines. “No equipment is
needed until some work has been secured. No lead time is needed unless the job
requires specialized equipment, so purchase only the equipment needed for each
job as they roll in.”
Marketing tips
“Industry knowledge as well as business acumen are great assets. Too many
people have the mistaken impression that this industry is a ‘mop and bucket’ business.
Far from true! It requires knowledge of chemical and equipment usage, time
management, human relations, and a number of other skills. For anyone going into
this business for themselves, I advise them to work in the industry for a minimum
of six months fi rst.”
62 The 200 Best Home Businesses
If you had to do it all over again . . .
“I would spend more time working in the fi eld to learn more about on-site
operations. I made some mistakes early on because I was not as knowledgeable as
I should have been about the basics of the business.”
Commercial Photographer
Start-up cost: $3,000–$5,000
Potential earnings: $35,000 and up
Typical fees: $35–$50 per hour
Advertising: Classifi eds, trade publications, business groups, direct mail,
Web site with online portfolio
Qualifi cations: Photographic skills, excellent time management skills,
ability to market and sell your services
Equipment needed: Excellent camera equipment including traditional and
digital, cell phone, computer with Internet access and
photo printer, fax, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Equipment upgrades and repair, travel costs
What You Do
Commercial photography is an ideal business for the individual who can produce.
If you can “see” the images needed by a business segment in your community, and
produce them on time for a competitive cost, you can probably develop relationships
with your customers that will bring you an ongoing stream of business. Photos
always seem to be needed, but often at the last minute. You will need to produce
under pressure and have a reputation for getting it right the fi rst time. Commercial
photography requires an interesting combination of technical, artistic, sales, and
business skills. If you have this mix, or can develop it, you can go far.
What You Need
Th e photographic equipment you use is, of course, the vital component of this
business. (A top-of-the-line digital camera will generally run $3,000.) Having an
eff ective home offi ce is also necessary for supporting the “business” side of your
business: receiving assignments, preparing invoices, and so on. You could earn
upward of $35,000 in the beginning, and the sky’s the limit once you develop a
healthy reputation.
The 200 Best Home Businesses 63
Keys to Success
Most successful commercial photographers specialize. And some have gone beyond
providing the photographic image alone to off ering related services—preparation
of brochures, scanning and retouching images, or working in close association
with graphic artists and copywriters to provide a completed piece. If you become
known for excellence in photography of construction projects, retail store installations,
or company board retreats, you will have a leg up on the competition. Th is
is another crowded fi eld with plenty of room at the top.
EXPERT ADVICE
What sets your business apart from others like it?
Tom Uhlman, owner of Tom Uhlman Photography in Cincinnati, Ohio,
says that he stands apart from other commercial photographers by off ering
sound editorial judgment in addition to providing quality photographic work.
“I’m dependable at fi nding interesting situations, giving publications the kinds
of unusual photos they want and need without having to wait for assignment.”
Uhlman’s photos have been picked up by the Associated Press and have appeared
in Newsweek, the New York Daily News, and USA Today.
Things you couldn’t do without
Uhlman says he couldn’t do without top-quality cameras with motor drives,
fl ash equipment, better-than-average lenses, and dependable transportation. “I
would also buy a police scanner, so you can shoot ‘hard’ news as it happens. It’s
the best way to break into newspapers, because they often don’t have the staff or
time to get these shots.”
Marketing tips
“Look at the work of others and learn from it. But you’ll probably learn the
most from being out there and getting your own experience. Find photos that tell
good news stories, and you should never have a problem selling.”
If you had to do it all over again . . .
“I pretty much did everything in the right way and time. I learned early on
that doing is what gets you there.”
Commercial Plant Watering Service
Start-up cost: $800–$1,000
Potential earnings: $30,000–$60,000
64 The 200 Best Home Businesses
Typical fees: $25–$50 per day (per customer), some work on monthly
retainers of $500 and up
Advertising: Referrals, Yellow Pages, affi liations with nursery businesses
Qualifi cations: Knowledge of plants’ requirements
Equipment needed: Vehicle, cell phone
Staff required: No
Hidden costs: Associated travel expenses, including mileage, gas, etc.
What You Do
Interior plantings are more common in some parts of the country than in others,
but almost all large businesses maintain some kind of greenery to soften their
offi ces. Once you show these organizations that you can care for their plants and
keep them healthy and attractive, you will have the opportunity to develop an
ongoing business that brings you a steady income stream.
What You Need
Costs are minimal. You will need a car or truck to drive from client to client and
possibly business cards that you could leave near the plants to generate more business.
Most larger plant maintenance services charge a fl at monthly rate of $500
or more; if you’re smaller, however, this will likely be a part-time job, earning you
between $25–$50 per day (per customer).
Keys to Success
Th is is defi nitely a business for plant lovers. If you enjoy making things grow,
you’ll fi nd plant watering to be a rewarding enterprise. However, there isn’t much
change from day to day, although you are in and out of diff erent environments as
you go from customer to customer. Th is is not a business for people who thrive on
excitement and not exactly a get-rich-quick enterprise either.
Computer Consultant
Start-up cost: $5,000–$13,000
Potential earnings: $40,000–$100,000
Typical fees: $75–$150 per hour
Advertising: Referrals, direct mail, publications, networking
Qualifi cations: Technical knowledge, specialty knowledge, people and
time-management skills
The 200 Best Home Businesses 65
Equipment needed: High-end computer, a suffi cient supply of hardware
and software, copier, fax, offi ce furniture, business cards,
letterhead, envelopes
Staff required: No, but must be able to subcontract outside of specialty
Hidden costs: Internet Service Provider fees, time and expense of staying
current in fast-changing fi eld
What You Do
It’s getting very hard to operate any business without a computer system, so almost
anyone is a potential client if you know how to match up a computer system with
his or her needs. Computer consulting is a big fi eld today and will continue to
grow as long as there are computers and users who need help keeping them alive
and well. Many computer consultants become as essential to their clients as the
systems themselves, earning a steady income in the process. Th is fi eld is for individuals
with wide expertise in hardware and software. Even more important is
an ability to see issues from the client’s point of view. What are his or her real
problems, and what creative solutions to those problems will be best served using
computer technology? You will probably need to focus on one area of specialization,
such as networking computers, or on one type of business, such as retail
outlets or physicians’ offi ces.
What You Need
Your own business must have a computer system, including software that is comparable
to those of your clients. Th is will be your major expense, but if you have
the expertise to operate this business, you probably have much of the equipment
and software already. You’ll also need a high-quality copier and a fax. Th e essential
association dues and online services can also add surprisingly to your operating
expenses. But if you charge the going rates of $75 and up per hour, you should be
able to earn back your initial investment in as little as six months.
Keys to Success
Computer consulting is for big-picture people also skilled in keeping track of
details. Each client and situation is diff erent, making for a very stimulating work
life. You will likely need to function outside of normal offi ce hours, since that’s
when most major computer overhauls typically occur in an eff ort to minimize
business interruption. As a result, you probably won’t fi nd competitors undercutting
you with cookie-cutter services. But computer consulting is extremely
demanding. You will often be working under a deadline or in a crisis situation.
You must produce what you promise and be able to train your clients’ employees
to make the system work under real conditions. Bidding for jobs is challenging,
especially at fi rst; keeping track of billing is essential.
66 The 200 Best Home Businesses
EXPERT ADVICE
What sets your business apart from others like it?
Lee Hughes, Systems Engineer at Hughes Information Systems in Cloquet,
Minnesota, says his business is successful because it streamlines and automates other
businesses’ operations. “We take an engineering approach to solving problems.”
Things you couldn’t do without
“A personal computer, printer, and phone.”
Marketing tips
“It is virtually impossible to accurately estimate project costs. Try to build
in a cushion when you provide an estimate.”
If you had to do it all over again . . .
“I would educate myself much more in business management, sales/marketing,
presentation, and negotiation skills.”
Computer Maintenance Service
Start-up cost: $5,000–$10,000
Potential earnings: $50,000–$70,000
Typical fees: $50 per hour on cleaning or repairs
Advertising: Yellow Pages, fl yers, business card, opportunities to teach
classes, Web site with links to related resources
Qualifi cations: Knowledge of computer hardware and interfaces, ability to
deal with upset clients diplomatically and sympathetically
Equipment needed: Computer with Internet access, printer, fax, tools, cleaning
supplies, diagnostic software, spare parts, offi ce furniture,
business cards, reference books
Staff required: No
Hidden costs: Staying abreast of new technology
What You Do
Computers and dust don’t mix. Th at seems like a simple idea, but many people
have little understanding of that concept. Th ey don’t understand why computers
tend to crash without regular maintenance, and they need much reassurance
before they will trust you to remove a cover and begin cleaning the drives. Once
The 200 Best Home Businesses 67
you gain trust and develop your clientele, though, you’ll be able to negotiate ongoing
service contracts that will give you a steady fl ow of work, and income. Twice a
year you can service each client on your list, cleaning the vital components of the
machines that keep their businesses running. You may also develop connections
to possible add-on services you could off er, such as training, software installation,
fi le backups, and so on.
What You Need
Th e computer for your own offi ce is the largest expense because the actual computer
cleaning tools are quite simple and not very costly. Fees are usually in the
$50 per hour range. Your biggest challenge is to make potential clients aware of
the benefi t of maintaining their systems. All too often they’ll wait until something
catastrophic happens before they call you. Consequently, a decent Web site, some
advertising and maintenance reminder cards will cost you at least $1,000–$2,000
per year.
Keys to Success
If you have the ability to clean computers and peripheral equipment, you can
provide a service needed by almost all businesses and many individuals as well.
Satisfi ed customers will probably provide you with plenty of referrals, but you will
occasionally be working with distraught clients. You might need to work at your
customers’ sites, so careful planning is necessary to make best use of travel time.
Computer Programmer/Database Consultant
Start-up cost: $1,500–$5,000
Potential earnings: $75,000–$150,000
Typical fees: $125–$150 per hour or quoted on a project basis
Advertising: Online advertising, direct mail, networking with business
professionals who might need your services or who can
refer others
Qualifi cations: Programming experience or professional certifi cation
(Microsoft certifi ed programmers tend to make more
money based on name recognition)
Equipment needed: At least one computer, database and programming
software, printer, business card
Staff required: No
Hidden costs: None
68 The 200 Best Home Businesses
What You Do
As a computer programmer/database consultant, you will work with clients
to improve the effi ciency of their businesses. Perhaps it’s as straightforward as
building a client database that enables your customer to analyze where its sales
are coming from and how to maximize sales potential. Or maybe it’s programming
the back-end of a database-driven Web site that is user-friendly and highly
functional, allowing the site owner to capture data about each visitor to their site
for demographic and sales/promotional purposes. If you have a strong working
knowledge of programs like LINUX, dBase+, and DreamWeaver, you will be able
to fi nd work as long as you market yourself in a visible manner. A strong Web site
with links to your fi nished work will do, but then you need a powerful marketing
piece to drive visitors to your site. You can accomplish this through a printed piece,
such as a four-color postcard (which can be economically produced through sites
like amazingmail.com and modernpostcards.com), or develop a slick, interactive
e-marketing piece. For these marketing pieces, you’ll need to purchase a good list
of prospects, and be sure you comply with the CAN-SPAM Act by including an
opt-out and your company’s physical address.
What You Need
You may need one powerful computer or perhaps several if you have others working
with you or if you need to view your work on diff erent-sized screens. Your
biggest start-up cost is likely to be software, which can run anywhere from $150–
$1,500 depending on the level of sophistication or specialization. Plan on setting
aside another $500–$2,500 for your initial phase of marketing and advertising
materials. You’ll need to spread the word before the referrals start rolling in.
Keys to Success
You would do well to join a professional association of computer programmers.
Such an organization will likely off er terrifi c guidance on how to start your business,
as well as provide you with great networking opportunities with others in
your fi eld. Often you can get your start taking on the overfl ow of other programmers.
You might also fi nd lots of work on Web sites such as SoloGig.com and
Dice.com. Th e work is defi nitely out there for talented professionals like you.
Computer Trainer
Start-up cost: $5,000–$16,000
Potential earnings: $40,000–$100,000 (a computer trainer typically has
several students at once, each paying $75 per hour)
Typical fees: $75+ per hour
The 200 Best Home Businesses 69
Advertising: Speaking at business meetings, referrals from software
companies, networking, direct mail to specifi c companies,
computer and trade publications, Web site with general
computing tips and your most recently updated class
schedule
Qualifi cations: Computer skills and/or certifi cation by software company,
writing and presentation skills, ability to handle group
dynamics, background in teaching or instructional design
Equipment needed: High-end computer, hardware and software, laser printer,
offi ce furniture, brochures and/or presentation folder,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Certifi cation training to teach specifi c programs
What You Do
As computers become even more important in the business world, so does computer
training. New software is powerful, but added features mean that almost
every employee needs training to use it productively. To be a successful computer
trainer, you need a range of skills, beginning with expertise in each software package.
Beyond the ability to use the software yourself, you need to understand how
others use it. Computer trainers may work as tutors with one or two individuals at
a time, but more often they teach classes to groups at a business location. Teaching
and presentation skills are essential. Computer training can be a successful business
for people who have computer skills, fi nd teaching to be a creative enterprise,
and like working with adults. You will need to focus on the areas in which you can
keep updated: word processing, databases, or accounting programs, for example.
What You Need
Your computer, software, and laser printer will be the largest start-up expenses,
totaling as much as $10,000–$15,000. You will also need to produce your own
training materials, and these will change as new versions of the software packages
are installed by your clients. Most training is conducted on clients’ premises, so
your own offi ce equipment can be added later. Charge at least $75 per hour to
cover your expenses and to make a tidy profi t.
Keys to Success
If you are good at teaching, you can make a big diff erence in the work lives of the
people you train. Th ey must use computer equipment to complete their tasks, and
knowing how the programs operate will greatly increase their effi ciency. You will
know that the services you provide are important to the employees you train and
to the businesses that depend on them. You’ll need to be good at defusing their
70 The 200 Best Home Businesses
computer anxiety, though. People who don’t understand the intricacies of a program
start pulling their hair out almost immediately. You will need to coax them
gradually through each skill level until they gain confi dence. Students who are
new to an area often don’t ask clear questions; anticipate that and listen carefully
to give the right responses. Some adults fi nd it very diffi cult to become students
again. Also, there is a lot of competition in this fi eld today. You will need to fi nd
a way to distinguish from all of the others what you can off er. Finally, preparing
training materials can be time-consuming and labor-intensive if you’re not used
to step-by-step approaches.
Concert Promoter
Start-up cost: $15,000–$25,000
Potential earnings: $50,000–$100,000+
Typical fees: 25 to 30 percent of the concert gross
Advertising: Promoters’ magazine, industry trades, newspapers
Qualifi cations: Should be well connected in the music industry
Equipment needed: Basic offi ce setup, cell phone
Staff required: Yes
Hidden costs: Insurance, travel/entertainment costs
What You Do
Rock, opera, classical, folk . . . there are as many diff erent acts to promote as there
are types of music. If you are a real go-getter and have had an extensive background
in the music industry, you stand a chance of making it as a concert promoter. You’ll
need to be supremely well organized and detail-oriented, since your business hinges
on every little detail. You will solicit agents by telling them that you will promote
their clients aggressively if they bring them to your town. Network with local media
to ensure good public relations, but don’t promise agents the moon if you can’t
deliver. Th is business is full of hyped-up promoters who are really ripoff artists. You
can’t aff ord to be greedy until after you’ve established yourself; once you have a solid
track record of successful promotions, you can go for the big bucks.
What You Need
Your start-up cost ($15,000–$25,000) will be wrapped up in getting your name
out there and presenting a professional image. You have to be fairly well-known
before people will let you promote their acts. Your fee will be 25 to 30 percent of the
concert gross; if it’s a big name, you could earn as much as $150,000 per show.
The 200 Best Home Businesses 71
Keys to Success
Th ere are long hours involved in this occupation—and a lot of socializing too. It’s
not necessarily a good deal for a person with a family, but it’s workable if you have
a strong support staff . Expect a lot of trial and error in the beginning; learn from
each experience and improve yourself with time.
Consulting Engineer
Start-up cost: $20,000–$50,000
Potential earnings: $40,000–$85,000+
Typical fees: Depends on length and extent of project; can be as little as
$175 for a minor project and as high as several thousand
for the larger ones
Advertising: Trade journals, classifi ed ads, federal publications,
networking, banner ads on building- and constructionrelated
Web sites that link to your own informative site
(which may include case studies showing how you solved
engineering problems)
Qualifi cations: Degree and certifi cation necessary (sometimes in each state
you do business in)
Equipment needed: Drafting equipment and reference materials, computeraided
design (CAD) software, perhaps surveying
equipment
Staff required: Not initially, although you may want to hire an
administrative assistant early on
Hidden costs: Liability insurance, mileage
What You Do
When a big project is launched at a corporation or even in a municipal environment,
the expertise needed to actually create the “great idea” isn’t necessarily inhouse.
You can really carve a nice niche for yourself as the “hired gun” who pulls
together all the necessary fi nishing touches for construction, manufacturing, or
technical situations. Consulting engineers off er their expertise or hands-on abilities
to bring special projects to fruition. Th is could involve anything from creating
CAD designs to developing a better means of production for wiring harnesses.
If you don’t mind the pressure of coming into a potentially volatile (and political)
situation, and particularly if you are amenable to long hours for a short-term
project, this could be a perfectly workable business for you.
72 The 200 Best Home Businesses
What You Need
Your start-up costs will consist mainly of basic equipment. Expect to spend at
least $20,000 (more if you’re planning to have others working along with you).
Invest in a professional-looking Web site, at the very least. But if you’re good at
what you do, you’ll be able to earn a considerable amount of money within the fi rst
year or two—perhaps as much as $100,000 or more.
Keys to Success
Th e key to success as a consulting engineer depends heavily on your ability to
establish yourself as an industry expert of some kind. Th e more well-known you
are for solving manufacturability problems, for instance, the more calls you’re
going to get—and the richer you’ll become.
Cooking Instructor
Start-up cost: $1,000–$5,000
Potential earnings: $10,000–$20,000
Typical fees: $20–$45 per student per class
Advertising: Newspaper ads, brochures, fl yers, Web site with your latest
class off erings and the ability to register for them online
Qualifi cations: Cooking experience, teaching ability, some marketing skills;
knowledge of state/federal regulations related to cooking in
a home (if that’s where you’ll be teaching); possibly permits
Equipment needed: Cooking equipment and supplies, a place to teach (if not
teaching at home)
Staff required: No
Hidden costs: Possible need to rent a facility to teach the classes; must
have adequate stove(s), generous counter space
What You Do
Gourmet cooking and dining have always been popular. Th ere are many television
shows featuring chefs and cooks whose creativity pleases the palate, and gourmet
restaurants and cooking supply stores abound. If you have (or can learn) the basics
of cooking and have an interest in teaching others to do the same, this might be
the business for you. You might check out the possibility of teaching in a home
economics room at your local high school. Th is business can also be conducted
easily from your home.
The 200 Best Home Businesses 73
What You Need
Start-up costs can be minimal if you already have the cookware and utensils
needed. In addition, factor in the purchase of a professional stove, if you don’t
have one, and the cost to rent a facility for the classes, if you don’t want to teach
at home. Teaching at home is only recommended if you have a large kitchen. Th e
costs of your raw materials will need to be factored into your class fees.
Keys to Success
A cooking class business can be very rewarding. Everyone loves to eat, and learning
to produce delightful meals will please your students. Marketing is probably the big
hurdle for this type of business. You will need to advertise. You might be able to
fi nd related businesses to sponsor you or to spread the word about your classes. For
instance, you could build a relationship with the owner of an upscale kitchen products
company or off er your classes as “continuing education” through a local college.
Corporate Art Consultant
Start-up cost: $1,000–$5,000
Potential earnings: $35,000–$100,000
Typical fees: $50 per hour
Advertising: Web site with your credentials and an online gallery
sampling of your “art catalog,” trade publications, business
periodicals, service on local community boards or in
charitable organizations, networking
Qualifi cations: Degree in art or related fi eld, extensive gallery or museum
experience, interior design credentials
Equipment needed: Business cards, letterhead, envelopes, cell phone, digital
camera or scanner, laptop computer with Internet access
Staff required: No
Hidden costs: Membership dues, subscriptions to art periodicals, travel,
Web site development and maintenance
What You Do
Th e corporate art consulting business is where connoisseurship and corporate
image issues come together. It’s a rare combination, and you’ll need a strong eye for
art and a reputation for awareness of business image requirements to create a successful
enterprise. Th e art world often has trouble communicating with business
people. Your ability to move in both worlds will be a major factor in your success.
74 The 200 Best Home Businesses
To a large degree you will be selling yourself, and you will do this by listening well,
understanding corporate culture, grasping the needs of your client, and presenting
each organization with choices that will enhance their workplaces and their image.
You will transform your own appreciation for art into a service that adds value to
your clients’ enterprises.
Th e ability to locate the perfect piece of art for the corporate environment
is rare. You’ll need to visit every art show or trade convention you can and collect
catalogs from dealers worldwide. Th en you’ll negotiate fair prices, which includes
using your expertise to help newly discovered artists price their work to sell.
What You Need
You’ll be meeting people at your clients’ premises, in galleries, and so on, rather
than at your own offi ce. As a result, your home offi ce will only have to support
your business needs, not to impress. In the beginning, particularly, you will need
to build your reputation through use of impressive direct mail pieces, networking,
and a high-quality Web site that showcases some of the work you have available.
Take a laptop computer ($2,000–$3,000) with you for presentations and log in
to your online catalog. Th en you will be speaking the language of business while
spreading the treasure of original art.
Keys to Success
Establishing yourself as a corporate art consultant will take time, determination,
and persistence. Comb the local business pages for stories or announcements
about new corporate offi ce buildings, which will likely need some artwork to make
their new offi ces truly outstanding workplaces. Where you live will control your
avenues of approach. Operating independently, without an association to back you
or sponsor you, will be possible only in one of the major U.S. cities. Elsewhere
you’ll need to be associated with a commercial interior design fi rm or an art gallery
that can provide you with a steady stream of business referrals.
Counselor/Psychologist
Start-up cost: $3,000–$5,000 (after college expenses)
Potential earnings: $65,000–$150,000
Typical fees: $60–$85 per hour
Advertising: Newspapers, referrals from physicians, Yellow Pages
Qualifi cations: Degree and certifi cation
Equipment needed: Phone, fax, and answering service to fi eld calls when you
are not available
The 200 Best Home Businesses 75
Staff required: No (possibly an assistant for handling insurance claims)
Hidden costs: Keep scrupulous records of every meeting you have with
a client—emergency meetings are frequent and could slip
through the cracks when billing if you aren’t careful
What You Do
Do you have a knack for getting to the heart of a problem? Are you on top of all the
self-help ideologies out there—and their potential for both helping and worsening
the problems of others? If so, you are well suited to the profession of counselor/
psychologist. You will not only listen to your clients’ problems, but you’ll also guide
them to fi nding their own healthy solutions. You’ll off er them resources to expand
their own abilities in problem-solving and provide creative exercises to get the
clients to relax and open up their lives to you. But your job doesn’t stop there. You
must also keep accurate records of your meetings, spending time reviewing these
records before and after each meeting. Th erefore you must love details and be able
to budget your time appropriately in order to stay on top of your workload.
What You Need
Your initial costs are moderate and primarily cover advertising and promotion.
You’ll need business cards and stationery with which to invoice your clients.
Add to that the cost of continuing your education via seminars and conferences
(generally around $1,000 annually). Finally, you’ll need someone who can process
medical claims if you are not able. Th e insurance companies can be tricky to deal
with if you’re a novice at it. Your clients will be dependent upon you very heavily at
fi rst, then may possibly disappear altogether when they feel they are better.
Keys to Success
You may relish the opportunity to make sense out of someone else’s life, but being
a successful counselor or psychologist often means giving with a capital “G.”
Courier Service
Start-up cost: $300–$500 ($15,000–$25,000 more if you purchase a
dedicated delivery vehicle)
Potential earnings: $25,000–$65,000 (more in a major metropolitan area)
Typical fees: Depends on mileage, but you can set fl at rates for specifi c
types of courier service (such as international adoption
paperwork for which couriers typically charge $150–$350
for taking papers to consulates for certifi cation and
redelivery to parents or adoption agencies)
76 The 200 Best Home Businesses
Advertising: Web site, business publications, adoption agencies,
Qualifi cations: Administrative skills, attention to detail
Equipment needed: Computer, dependable transportation to government
offi ces and delivery services, cell phone with hands-free
accessories (if mandated by your state), e-mail accessibility
Staff required: No
Hidden costs: Transportation fees should be built into your services—
they may seem negligible but do quickly add up; you will
also need good insurance (including liability)
What You Do
When important papers absolutely must be delivered to waiting hands, the answer
isn’t always overnight delivery. Often, a courier is needed to take contracts, storyboards,
or other important business documents to another city or state—and a
courier service can be ready to deliver at the drop of a hat. Th at is even faster than
overnight, right? If you have a good working knowledge of the lay of the land,
you can maximize the profi ts of your courier service by choosing the fastest, most
economical routes to the delivery site, and even group a few deliveries together
whenever possible. You will be entrusted with original documents, so take extra
care not to lose or misplace them or you will be liable for their replacement. Deliver
what your clients entrust to your service, and then go the extra mile to be sure they
are notifi ed of safe, effi cient delivery. Communication is what it’s all about.
What You Need
Dependable transportation is a must, so be sure you either have a vehicle in good
working order or have constant access to fast, reliable public transportation. You
will be able to respond much more quickly if you have your own car or van and
a cell phone with hands-free accessories (if mandated by your state) or paging
system. Being accessible and able to respond quickly is what will win you the big
bucks.
Keys to Success
You are always dependent upon referrals and repeat business, so friendly and
dependable service is a must. Th e customer is always right, and you should go
out of your way to keep your customers happy, since they are the well of eternal
hope for your business. Off er nice little extras that set you apart from the competition;
for instance, you might off er coupons or gift certifi cates from businesses
with which you align yourself (such as hair salons, copying services, or even local
restaurants). Also, being a notary can make your courier business value-added
service, since you could also off er traveling notary services to offi ce workers that
are in need of a notary but don’t have time to leave the offi ce during regular hours
The 200 Best Home Businesses 77
to fi nd one. Th ink strategically and creatively and consider what you might want
from your own local courier service. You’ll soon see how far the little things will
take you.
Credit Consultant
Start-up cost: $2,000–$3,000
Potential earnings: $25,000–$40,000
Typical fees: Percentage of debt from client and from creditor (usually
10 to 15 percent from each)
Advertising: Yellow Pages, seminars, speeches to community groups,
classifi ed ads, newspapers, radio spots, banner ads on
fi nancial Web sites, your own Web site with consumer
credit tips and links to helpful online resources
Qualifi cations: A background in fi nance would be ideal
Equipment needed: Business cards, letterhead, envelopes, computer, printer, fax,
spreadsheet software
Staff required: No; may need administrative support
Hidden costs: Insurance
What You Do
As a credit counselor you work with people who have overextended themselves
fi nancially. Your clients will come to you for help in dealing with an unmanageable
credit burden. How big is this market? We’ve all heard the stories about the
credit cards that pour into people’s mailboxes, even cards with “Fido” printed on
them in gold letters. Fido’s credit rating has “already been preapproved.” Credit
card debt is at an historic high right now, and not everyone has budgeted for the
payments. You will negotiate with the creditors to develop a manageable payment
plan. Your client pays you a small percentage of what is owed, and the creditors
also compensate you as the plan you work out most likely prevents the debt from
being a complete loss.
What You Need
Your offi ce can be quite minimal at fi rst; you should be able to get away with
spending $3,000–$5,000 maximum. Since your business depends on how many
clients you can secure (i.e., how many stay with the program, so to speak), you
should be able to make a decent living ($25,000–$40,000).
78 The 200 Best Home Businesses
Keys to Success
You’re providing a valuable service to desperate, guilty, and frustrated people. Th is
situation can be rewarding or draining, depending on the individuals involved. For
most debtors, dealing with the pain feels much better than watching it spiral out
of control. You will probably have the opportunity to add some education and psychological
support into your services. Th is will allow you to gain the satisfaction of
knowing that you have helped to improve a person’s or family’s fi nancial standing.
Damage Restoration Service
Start-up cost: $15,000–$20,000
Potential earnings: $40,000–$65,000
Typical fees: Varied according to damage; can be as little as $500 and as
much as several thousand
Advertising: Yellow Pages, coupon books, networking with Realtors
and contractors, possibly a Web site with a photo gallery
featuring “before” and “after” photos of your best restoration
work
Qualifi cations: Should have extensive knowledge about building structure
and repair and codes and regulations regarding hazardous
chemicals
Equipment needed: A complete set of tools, painting/wallpapering equipment,
varnishes and woodworking equipment, special solvents for
cleaning up waste byproducts, computer and cell phone
Staff required: No
Hidden costs: Insurance
What You Do
When a hurricane or other natural disaster strikes, any kind of professional who
can fi x homes or offi ces is called in to assess the damage, create an estimate, and
work with insurance companies to get the job done. A damage restoration service
is just one of the many services that can help fi x the havoc that nature wreaked on
a property. But it doesn’t need to be a major natural disaster for your services to
be called upon; more often than not, a fi re or severe storm warrants repair work.
Both fi re and fl ood can cause structural damage to a building, but they can also ruin
fl oors and walls. As a damage repair service professional, you’ll spend the majority
of your time fi xing walls, ceilings, and fl oors, so you’ll need to be familiar with every
kind of chemical that cleans, repairs, or restores such surfaces. If peeling paint and
The 200 Best Home Businesses 79
waterlogged walls are up your alley, you’ll enjoy each of the projects that comes your
way. One thing is certain: this kind of work is never without its challenges.
What You Need
Th e smartest thing you can do is lease your equipment (and possibly even your
tools) until you’re sure of enough business to cover expenses. Leasing can cost
you between $150–$300 per month, as opposed to a large initial outlay of cash
($10,000 or more) for repair equipment. Your charges will depend on the extent
of damage done to the building; some repair jobs bill at a mere $500, while others
are $1,500–$80,000.
Keys to Success
Th is business can be quite lucrative if you’re in a hurricane- or tornado-prone area,
but sporadic in other areas of the country. You might consider adding on related
services, such as wallpaper installation or faux fi nishes, to keep the money rolling in.
Dating Service
Start-up cost: $15,000–$150,000 (depending on how high-tech you
want to be)
Potential earnings: $50,000–$1.5 million
Typical fees: $150 per client (for a six-month subscription)
Advertising: Yellow Pages, classifi ed ads, 900 numbers, television ads,
singles magazines, banner ads on singles sites
Qualifi cations: None
Equipment needed: Extensive phone system for 900 numbers, computer (with
many using computer video programs to showcase their
clients), Web site with candidate sign-up, screening, search
and match capability
Staff required: Yes
Hidden costs: Computerized systems can run as high as $40,000
What You Do
“Matchmaker, matchmaker, make me a living.” Today’s dating scene is vastly different
from the old days, when a village woman made matches based on how her
knee was feeling that day. Tired of meeting people in bars and the regular “sweat
shops,” many young professionals simply want a confi dential, effi cient way to meet
the man or woman of their dreams. Th e Web off ers an even more accessible way
80 The 200 Best Home Businesses
for them to accomplish their goal of fi nding the perfect mate. Because your clients
don’t have the time to screen a hundred or so applicants, you can provide this
service for them—and at a competitive rate. ( Just because they don’t have time certainly
doesn’t mean they don’t have money.) You’ll need to fi rst decide what kind
of dating service you’d most like to off er: a well-respected, high-profi le Web-based
agency; an impersonal (yet profi table) 900 number. Either type requires you to
manage profi les of your clients, so you’ll need to have them answer questionnaires
detailing their hobbies, interests, and desires in a potential mate, which is easy if
your service is Web-based. Th e next steps are to make this information readily
available to your client base—and keep track of your successes!
What You Need
Your start-up costs can be quite high, based on the fact that most of your competitors
(both large and small) are investing in Web-based technology that does it all in a
few steps: fi rst conducting the interview, then recording the interviewee and, fi nally,
selecting a potential match from the data bank. All of this could run anywhere from
$40,000–$150,000, so be sure to investigate those costs well enough to document
them in your business plan, particularly if you are going to need investors.
Keys to Success
Th is is the love business, so what’s not to love? For one thing, you’ll be meeting
quite an array of interesting people, and you’ll be helping them to fi nd long-lasting
happiness. But what if it doesn’t work out? Are you prepared to deal with broken
hearts, all the while encouraging them to stay in the game? If the answer is yes,
you’ll be heartily rewarded for your eff orts.
Day-Care Service (Child or Adult)
Start-up cost: $3,000
Potential earnings: $25,000–$40,000
Typical fees: $80 per child per week or $125 per adult per week
Advertising: Referral service, bulletin boards, classifi ed ads, networking
with teachers in your local school district and senior centers
Qualifi cations: Most states require a license and insurance
Equipment needed: For children: cribs, toys, movies, and games; for adults:
arts/crafts supplies and some form of entertainment
Staff required: No (but many states impose a limit on the adult-to-child
ratio; for example, in Ohio you may have no more than six
children to one adult)
The 200 Best Home Businesses 81
Hidden costs: Insurance, possible adjustments to your house for adult day
care, such as a wheelchair ramp and a bathroom on the fi rst
floor
What You Do
Th e day-care business has been growing in direct relation to the rising number of
women choosing careers in addition to families. Th ere is a need to care for both
seniors and children. A few innovative entrepreneurs have integrated both at their
care centers, so that the two groups can enjoy and learn to appreciate one another.
You can easily start a day-care center in your home if you meet the necessary zoning
requirements of your community. It works best if you have a large yard and extra
room (perhaps a fi nished basement) so that there is plenty of room to play. You’ll
need to be clear in your rates/policies, especially about regular hours, vacations, and
payment due dates. And be careful not to let the parents treat you like a babysitter.
Be assertive about protecting your personal time with your own family.
What You Need
Your main start-up cost will be getting the word out about your service. Classifi ed
advertising, bulletin boards, and mothers’ groups are a good way to build word of
mouth. Your larger expenses will likely come from updating your home to meet
zoning regulations; your home may have to pass inspection before licensing. If you
decide not to license or not to carry insurance, be sure to let the parents/families
know this, because you will be held liable in the event of a disaster or accident if
you don’t disclose it. Along these lines, be sure to familiarize yourself with safety
procedures in case of an emergency.
Keys to Success
If you love to be around little people or seniors, you’ll enjoy the opportunity to do
so daily. Also, if you have children of your own, you can get paid while watching
them play with others, which is not a bad deal. On the downside, although you are
responsible for the children you watch, you are not their parent—a fact the parents
themselves may constantly remind you of. Be sure to meet with the parents of children
or the families of seniors on a regular basis to keep communications straight.
Desktop Publisher
Start-up cost: $15,000–$25,000
Potential earnings: $20,000–$100,000
Typical fees: $500 (newsletter) to $20,000 (for a large-run book or
magazine)
82 The 200 Best Home Businesses
Advertising: Direct solicitation, Yellow Pages, local publications, word of
mouth, networking, advertising in writers’ magazines, Web
site with samples of your work in an online portfolio
Qualifi cations: Computer, design, writing, editing, and communication
skills
Equipment needed: Computer with scanner, laser printer, digital camera,
desktop publishing software, fax, offi ce furniture, business
cards, letterhead, envelopes
Staff required: No
Hidden costs: Marketing, keeping up with changes in software
What You Do
Desktop publishing (DTP) enables people who understand graphic design and
typography to off er a range of services to clients. If you are skilled with computer
software, you will be able to produce everything from books to fl yers. Many small
DTP businesses succeed by specializing; for example, they might create newsletters
for a specifi c type of business. Others produce entire books or focus on
annual reports. Most will provide only the camera-ready master and subcontract
the larger printing jobs to a commercial printer. Th e DTP fi eld includes many
small and large businesses, but there is room for people who do excellent work,
produce it on time, and focus on their clients’ needs and expectations. Although
most desktop publishers handle design and production work for their clients, it
would be helpful to provide additional services such as writing and editing, if possible.
Th is will give your customers one stop for most of their production needs.
What You Need
Th e computer equipment required can be very expensive, depending largely on
the graphics capability you need. Macs will be your best bet for design work, and
your fi les can be made viewable by PC-based clients with conversion software or
by .pdf creation. You must have a work space that supports the complex nature of
some DTP tasks. Figure marketing costs, too, of $1,000–$2,000 in the fi nancial
section of your business plan. Your income will be dependent upon how many
clients you can win in a short period of time, so you’ll need to advertise your
services (unless your former employer has become a major client). Billing can be
done hourly ($50–$75 per) or, more typically, on a per-job basis. Smaller jobs can
net $50–$300; larger ones can bring in $5,000 or more.
Keys to Success
Although working on several diff erent creative projects at one time can be interesting
and challenging, the pressure can be unbelievable. In the days of instant
information and twenty-four-hour turnaround, everybody expects their work
The 200 Best Home Businesses 83
done today. Th is can be a problem when you have ten or more clients you’re
juggling. Try to set realistic deadlines with your clients to avoid all-nighters and
stress-fi lled days.
EXPERT ADVICE
What sets your business apart from others like it?
“We produce healthy recipes and a common-sense approach to healthy
living,” says JoAnna M. Lund, President and CEO of Healthy Exchange, Inc. in
DeWitt, Louisiana. “We appeal to the average person and off er quick, healthy
recipes that taste good using easy-to-fi nd ingredients.”
Things you couldn’t do without
A computer and laser printer, plus a fax machine.
Marketing tips
“It’s challenging to stay on top of changes in your fi eld, but it pays well to do
so,” says Lund. “Make sure you’re an expert on that which you’re reporting.”
If you had to do it all over again . . .
“Nothing. I’m quite happy where I am.”
Digital Imaging Service
Start-up cost: $20,000–$40,000
Potential earnings: $25,000–$45,000
Typical fees: $15–$45 per scanned-image product
Advertising: Yellow Pages, mall kiosks and other high-volume locations,
banner ads on print-related Web sites, your own Web site
with online gallery of your work
Qualifi cations: Training in equipment
Equipment needed: Computer with scanner and video imaging capability
Staff required: No
Hidden costs: Insurance, equipment maintenance and upgrades
What You Do
Th e digital craze is on, and it’s not limited to musical instruments or compact
disks. You can cash in on the trend by starting your own digital imaging service.
84 The 200 Best Home Businesses
It can be either on-site at a retail shop or kiosk or completely Web-based by
allowing customers to upload their favorite photos for you to place on T-shirts,
mugs, mouse pads, and so on. You’ve probably seen such businesses in your local
shopping mall or at a community fl ea market. Th e proprietor simply takes a video
image of a person and places it onto a computer screen for printing on a color
printer. Th e image is then transferred to a product and a personalized gift has
been created. It’s that simple, and the service generally sells itself if positioned
in a high-traveled area. You can buy a franchise or start from scratch if you are
familiar enough with the equipment and can work with product vendors. Expect
to market your service aggressively; you’ll need to talk to people and have excellent
sales ability to make enough money to cover your expenses. Still it’s a fun method
of gift-giving for many consumers.
What You Need
You’ll need $20,000–$40,000 for your equipment and space rental, slightly more
if you buy a franchise. Your equipment will include a computer with color printer,
video camera, and software that permits image transfer from video to computer
screen to printer. Th ermal transfer equipment will also be necessary to produce
those personalized coff ee mugs and T-shirts. On the plus side, you might see as
much as $45,000 for little eff ort on your part.
Keys to Success
Your business will fl uctuate according to season. Expect slow times in the fall
and spring and a busy time each Christmas, complete with long hours and heavy
volume.
Disability Consultant
Start-up cost: $2,000–$4,000
Potential earnings: $50,000–$75,000
Typical fees: $60–$80 per hour
Advertising: Direct mail, referrals, membership in business
organizations, Web site with testimonials about how you’ve
helped save companies money
Qualifi cations: Extensive experience in fi eld, college degree in related area,
ability to communicate well with employers and employees,
good writing skills
Equipment needed: Cell phone, computer, printer, offi ce furniture, business
cards, letterhead, envelopes
The 200 Best Home Businesses 85
Staff required: No
Hidden costs: Insurance, association dues, conferences and seminars
What You Do
As a disability consultant you will advise corporations on disability claims and
assist them in meeting the requirements of all government and regulatory bodies.
Nothing is cut and dried about the disability fi eld, and rapid changes have left
even the best-intentioned employers confused about what they must do to be in
compliance. Disability claims made by employees are a major cost in some industries,
and your recommendations for alterations in the setup of the workplace or
refi nements in work processes could be seen as extremely valuable.
Managing medical claims is another important function. Th e confl icts arising
from the most common worker problem—back pain—need expert management,
both for medical treatment and for the maintenance of good relations with
the employee. Th e third aspect of this fi eld is the requirement to make reasonable
accommodations for disabled workers. Creative consultants can often fi nd ways to
make small alterations in the workplace, such as lowering the height of a counter
to enable a wheelchair-bound person to fi ll a position at the company.
What You Need
Most of your work will be carried out at the companies for which you are assessing
and handling claims, but you will need your own offi ce for writing reports and
possibly for client meetings. Expect to spend $2,000–$4,000 for your computer
system and Web site. Charge $60–$80 per hour for this service, which can save a
company thousands of dollars per year.
Keys to Success
If you have experience in this complex fi eld and can communicate with both sides,
the disabled and the employer, you can build a business as a disability consultant.
In fact, some disabled people do just this, using their own perspectives to enrich
the services they can off er to other organizations. Enabling people with disabilities
to hold jobs is an important service, and it keeps employers on the right side of
the law as well.
Disc Jockey
Start-up cost: $5,000–$10,000
Potential earnings: $15,000–$25,000
Typical fees: $75–$150 per job
86 The 200 Best Home Businesses
Advertising: Classifi ed ads, bulletin boards, your own Web site with
your music catalog in various categories
Qualifi cations: Knowledge of popular music, strong personality
Equipment needed: Karaoke equipment, turntables, sound/mixing systems,
microphone, theatrical lighting (if desired), a large and
varied CD and record collection
Staff required: No
Hidden costs: Constant upgrade of collection to include current hits
What You Do
Because live bands cost quite a bit more than mobile DJ services, many partygivers
book DJs to handle the entertainment needs of their party or celebration.
Sometimes they even ask the DJ to play “host” for a theme party. DJs have been
around as long as there have been records to play, and they will continue even as
equipment gets more sophisticated. For one thing, systems producing excellent
sound quality are getting smaller and more portable, making it easier for DJs
who travel to several locations in a given weekend. As a DJ, you’ll need to develop
your own style for building rapport with the audience; study the techniques of
professionals you respect and try to emulate them if you can’t come up with
your own material. You should have a wide variety of music and read industry
publications regularly, such as Billboard and Rolling Stone, to keep up on what’s
new and what’s hot.
What You Need
Your start-up costs are mostly wrapped up in equipment and your music collection
itself, because advertising will cost you no more than a few hundred dollars at
the outset for classifi ed ads. Look for used equipment and used CDs, which could
save you $1,000 or more. Scour garage sales and fl ea markets for the unusual or
obscure. Since you’ll be working an average of three to fi ve hours per job, it’s not
unrealistic to set your fee at $75–$150 per event.
Keys to Success
Your work cycles will be extremely varied, with heavier loads typically in the
spring and summer. Most of your work will be done on weekends, cutting into
your social life considerably. If you’re looking for work that is there when you
want it, being a DJ is not for you. On the other hand, if you don’t mind the erratic
hours and enjoy being with people in a celebrative mood, you’ll look forward to
each new gig.
The 200 Best Home Businesses 87
Dog Trainer
Start-up cost: $1,000–$2,000
Potential earnings: $35,000–$45,000
Typical fees: $300 for a three-week session is fairly common
Advertising: Flyers; direct mail; Yellow Pages; classifi eds; networking
with vets; free clinics; Web site with free training tips and
class off erings, schedules, and fees
Qualifi cations: Experience with diff erent breeds, track record of success,
patience, and credibility; a permit may be necessary in
many states
Equipment needed: Cell phone; space for pets to roam, eat, and sleep
Staff required: No
Hidden costs: Advertising, travel
What You Do
Working dogs need considerable training, depending on the jobs they have to
perform. Drug-sniffi ng dogs, guard dogs, guide dogs, movie dogs, and herding
dogs all require specialized training. While these dogs usually receive their training
from their breeders or owners, they are sometimes trained by professional
trainers who have national reputations for their skill and eff ectiveness.
A much bigger market is training services for pets. Most pet owners wake
up a bit late to the need for training (usually after half of the carpet has been
eaten). You can present your service as the solution to those nagging problems
that make pet dogs so frustrating at times. Some trainers give classes for owner
and dog together while others go to a pet’s home and provide individual sessions.
Network with veterinarians and pet stores; they are usually the fi rst to hear about
animal problems.
What You Need
Your main start-up cost is for whatever marketing and advertising approaches
seem best for your community. Somewhere between $500–$1,000 would be
an average amount to spend on launching this business. Don’t forget to create a
Web site and include a “Top 10” list of helpful tips for pet owners. Th is will help
increase your visibility on the Web, but will also bolster your credibility. Since
you’ll be charging as much as $300 per dog for a three-week session, you could see
a tidy profi t early in the game. And that’s nothing to bark at, is it?
88 The 200 Best Home Businesses
Keys to Success
Th is job is immensely enjoyable if you love dogs and can tolerate their owners.
(Remember, you’ll be training them too.) Gaining the trust of an animal is an
essential part of any training process, but some trainers fi nd that getting the
human side of the equation to cooperate is even harder. Once the pets in your
class begin to give up eating the curtains and jumping all over Grandma, however,
you will seem like a genius. Th en the class can proceed to the really diffi cult stuff
such as coming when called (the pet) and being patient (the owner). For most
trainers this is not a route to wealth, but a decent living can be made if you keep
up your marketing eff orts.
Doll Repair Service
Start-up cost: $500–$1,000
Potential earnings: $20,000–$40,000
Typical fees: Depends on what needs to be replaced and whether the
doll is an antique (could be $50–$300 or more)
Advertising: Yellow Pages, antique shows, specialty shops, hobby
magazines, banner ads on doll-related sites with link to
your own Web site
Qualifi cations: Experience with the art of doll-making and repair, special
knowledge of antique dolls
Equipment needed: Spare parts, precision tools, computer to research and
purchase additional doll parts
Staff required: No
Hidden costs: Liability insurance, shipping
What You Do
Th is is a thriving business. As dolls get older, they become more popular to collect.
And if they’re going to be worth anything later on, they need to be in the best possible
shape to command the highest dollars. One early Barbie doll can be worth as
much as $500, but only if she’s in mint condition. Th at is where you come in: you
repair and restore dolls to their original state. Sometimes this means purchasing
used dolls for spare parts. Keep all types of doll parts on hand and network with
other repair services to locate spare parts. Pay attention to detail and have the hands
of a surgeon. Dolls aren’t just made of plastic; there are many diff erent types, such
as bisque, china, wax, and mechanical. Know what is special about each doll and
what precautions to take when repairing each. Market your service especially hard
The 200 Best Home Businesses 89
at antique fairs and specialty shops. Have them keep your business cards by their
cash register. You may want to off er related services such as collectibles connections
(matching buyers and sellers) and a retail doll shop as well.
What You Need
Advertising will be key to generating most of your business, and will cost about
$1,000; the rest of your initial expenses will go to spare parts, about $500 to start.
Some may be expensive, so you may want to hold off ordering until there is a need.
You will be repairing high-end and antique dolls, so gauge your earnings between
$20,000–$40,000.
Keys to Success
Some doll repair services have given the business a bad name. You’ll have to overcome
this by knowing the ins and outs of doll-making. It is much easier to repair
something if you know how it is put together. Take your time and know what
you are doing; if you ruin a doll you may have to buy it. Be sure your packaging is
secure when you deliver or ship to avoid any damage.
Draftsperson
Start-up cost: $5,000–$10,000
Potential earnings: $35,000–$65,000
Typical fees: $150–$500 per blueprint
Advertising: Yellow Pages, trade publications
Qualifi cations: Degree in drafting
Equipment needed: Computer with large-screen monitor, computer-aided
design (CAD) software, blueprint photocopier, drafting
table, related small tools
Staff required: No
Hidden costs: Insurance, equipment maintenance and upgrades
What You Do
You’re detail-oriented and have a fl air for putting the fi nishing touches on someone
else’s work. You’ve also likely studied drafting in college before embarking on
this entrepreneurial endeavor, and you have the experience that your customers
will eventually come to rely on. As a draftsperson, you will ultimately produce
the blueprints that architects and builders need to complete their dynamic new
projects. You will make any requested number of copies of each blueprint as well.
90 The 200 Best Home Businesses
Although individuals may hire you for smaller projects, most of your customers
will be architects and building professionals, so you’ll need to be well connected to
get any share of the work that’s out there. Set yourself apart by adding additional
services or special treatment, such as free delivery to work sites.
What You Need
You’ll need between $5,000 and $10,000 to get started in drafting and blueprinting,
primarily to cover your equipment costs for such items as your computer and
design software, as well as your blueprint photocopier ($4,000 or so) and drafting
table with drafting pencils, and so on. You’ll likely earn between $35,000 and
$65,000 for your eff orts.
Keys to Success
It’s very precise work you’re doing, and often it’s a thankless job. (Th e architects
and builders get all the glory.) Oh, well . . . you should always remember that
without you, these projects might not have gotten done. Stick close to the builders
and architects, since they’ll ultimately make up your referral system.
e-Book Publisher
Start-up cost: $150–$2,500
Potential earnings: $35,000–$60,000
Typical fees: $150–$350 for e-book production using e-book creation
software; $500 and up if your services include book editing
and proofreading
Advertising: Writers’ magazines online forums or chats, banner
ads on creative writing Web sites, reciprocal links with
complementary businesses (such as e-bookstores and cyber
cafés)
Qualifi cations: Experience in e-commerce, marketing, and design, as well
as Web creation and management and some book editing
Equipment needed: Computer, e-book creation software, online hosting service
with e-commerce capability (to help your clients sell their
books), access to graphic design services or a good e-book
design program
Staff required: No
The 200 Best Home Businesses 91
Hidden costs: Corrections can be time-consuming and therefore costly;
make sure your customer proofreads the work prior to
production or have a policy that there will be charges
beyond a set number of corrections
What You Do
Th ousands of people believe there is at least one good book in them and that
with the aff ordable technology available today, there’s no reason why they can’t
produce that book. Th ese days all an author needs to do is turn a manuscript into
portable digital format (such as .pdf using Adobe Acrobat) and hook up with a
printing service that will only print and ship copies as they are ordered. As an
e-book or print-on-demand publisher, you will help others to get their words into
downloadable, inexpensive electronic books that, if properly promoted, can make
both you and the author money while you sleep. You can either go high-end and
set up your own Web site to host and promote downloadable books, or you can
off er book packaging (preparation) services and guide others through working
with more established e-book or print-on-demand publishers such as Xlibris.
com, iUniverse.com, Upublish.com, and AuthorHouse.com. You can help others
to make their books see the light of day—off ering personalized services that large
publishing houses no longer off er new authors.
What You Need
All you need to turn dreams into reality is a good computer with high-quality
e-book creation software. Th ere are many inexpensive versions on the market, and
while you can start with one of these, you will quickly fi nd that there are limitations,
such as the inability to design a nice e-book cover. Th e higher-end versions
typically include templates for cover designs, and that will be a very useful promotional
tool for the book’s sales page in your online bookstore. Spring for the extra
hundred bucks if you’re really serious about producing highquality e-books.
Keys to Success
In the late 1990s, e-books were not yet considered to be a viable option in the
publishing world. Since then, many large publishers such as Random House have
launched their own electronic book divisions (Xlibris.com). Th e competitive
landscape is growing larger; the key to success is to identify niche books that have
built-in markets and specialized audiences to whom you can promote. Topics that
are too broad or that try to appeal to mass audiences don’t stand as good a chance,
especially when you compare your promotional budget to Random House’s.
92 The 200 Best Home Businesses
Effi ciency Expert
Start-up cost: $5,000–$10,000
Potential earnings: $35,000–$75,000+ (depending on your market)
Typical fees: $75–$100 per hour or a monthly retainer of $3,000–
$5,000
Advertising: Trade publications, Yellow Pages, direct mail, business
newspapers, banner ads on small-business Web sites and
a link to your own Web site with some free time- and
money-saving tips plus testimonials
Qualifi cations: Ability to spot potential problems and time-wasters before
and as they occur; business degree and extensive business
experience in operations and management
Equipment needed: Cell phone, computer, fax, printer, resource materials
Staff required: No
Hidden costs: Insurance, under billing for amount of time spent
What You Do
Corporations often have CEOs who want the company run like clockwork, particularly
if there are production goals to be met regularly. As an effi ciency expert,
you will come into a company for a period of about two to four weeks and carefully
monitor exactly how things are being done. You will ask workers questions such
as, “Why are you repeatedly moving across the room to accomplish one simple
task?” and “Is there any other way to minimize the steps involved in your particular
process?” You are, in a sense, a detective searching for answers to the big question,
which is, of course: “How can this company achieve more in a better and more
economical way?” Next, you’ll print up a report or make a formal presentation,
telling the CEO how he or she can improve operations. You should have a rather
broad background in business operations, management experience, and a strong
eye for detail. After all, your client companies will be paying you big bucks to fi gure
out what needs to be improved upon at their facilities. You have to convey the idea
that you’re worth it, so watch your own image and always give 110 percent.
What You Need
Start-up expenses will be relatively low (in the $5,000–$10,000 range), but you
should do quite well when you consider what you might be able to earn if you’re
good at what you do ($35,000–$75,000 or more). You’ll need a basic offi ce setup
and lots of good resource materials to help workers achieve greater eff ectiveness.
The 200 Best Home Businesses 93
Keys to Success
While some corporate moguls will hire you to tell them what’s wrong with their
organization, they may not be willing to actually listen. You’ll need to be clear from
the beginning that you are off ering your professional opinions and advice so that
your personal liability will be kept in check.
Electrical Contractor
Start-up cost: $10,000–$15,000
Potential earnings: $40,000–$60,000
Typical fees: $40 per hour for labor plus parts costs (varied)
Advertising: Yellow Pages, classifi eds, neighborhood fl yers, community
bulletin boards, radio spots, possibly a Web site in more
competitive regions
Qualifi cations: Skill and experience as an electrician, ability to manage
time and expenses, good people skills, license or
certifi cation and regular credit hours toward career
development in most states
Equipment needed: Cell phone, tools, parts, and equipment related to the
nature of the work, van, marketing materials
Staff required: No
Hidden costs: Inventory of parts, vehicle maintenance, insurance
What You Do
Skilled electricians are always in demand, especially ones who can work with
homeowners and small business owners. As the general population becomes less
handy with tools and wires, your electrical knowledge and expertise will become
more and more valuable. Th is is a classic one-person business, and you may fi nd
considerable competition. You will need good estimating skills to assess the cost
and complexity of the work you are asked to do. Sometimes it seems as if electricians
have to be part detective to interpret the hidden wiring in an old house or
to trace the cause of a short “somewhere in the wall.” Of course, you’ll be familiar
with code standards in all the communities in your service area.
What You Need
Costs are relatively high as you must equip yourself to do whatever electrical job is
off ered. You’ll also need to secure certifi cation; and your educational requirements
94 The 200 Best Home Businesses
to stay certifi ed may demand that you take regular refresher courses. Set aside
at least $5,000 for all of this, then add your equipment, liability insurance, and
related costs.
Keys to Success
Many electricians have made an excellent living by focusing on upgrading the wiring
in old houses. If your area has a charming neighborhood of old Victorians,
twenties bungalows, or quaint cottages that are being restored, you have a golden
opportunity to build a client base. Other electricians work closely with an independent
builder to install wiring in new structures. For these jobs, getting the
work done according to the overall construction schedule will have a big infl uence
on profi ts for the builder. Your planning and time-management skills can help
build you a steady stream of referrals and repeat projects from these builders.
Employee Benefi ts Consultant
Start-up cost: $5,000–$8,000
Potential earnings: $30,000–$70,000
Typical fees: $25 and up per hour
Advertising: Direct mail, networking, memberships in business and
community organizations, Web site with links to related
resources
Qualifi cations: Extensive experience in insurance sales, ability to reach
business owners, detail orientation, communications skills
Equipment needed: Offi ce furniture, computer, fax, printer, cell phone, business
card, letterhead, envelopes
Staff required: No
Hidden costs: Preparation of presentation materials, online fees, errors
and omissions insurance
What You Do
An eff ective employee benefi ts program is an important factor in building a loyal
work force. Th e challenge is to create a combination of benefi ts that meets the
needs of the organization and also fi ts its budget. As an employee benefi ts consultant,
you will help growing businesses survey their employees to learn their needs
and wants regarding employer-paid insurance. You will work with business owners
to design the best combination of benefi ts for the dollars available. Businesses that
have between twenty and 200 employees comprise the best market.
The 200 Best Home Businesses 95
What You Need
Most of your contact with clients will take place at their locations, so your offi ce
can be functional rather than impressive ($4,000 should get you started). You’ll
need to be easy for potential and current clients to reach, and you’ll need to produce
professional-looking presentations to client companies. You should plan to
earn about $30,000 in the beginning.
Keys to Success
Many insurance agents have terrible sales approaches. Th ey seem very eager for
their commissions and do not give ongoing service throughout the year. As annual
review time rolls around, these agents show up again with a plan to change to new
providers for a few dollars less. But implementation and employee education are
lacking. You will be able to set yourself apart if your focus is on customer service,
not your own profi t (at least outwardly). Experience in assisting with claims and
with confl icts that arise are also important selling points for your enterprise.
Employee Leasing
Start-up cost: $15,000–$35,000
Potential earnings: $60,000–$80,000
Typical fees: Mark up the going rates by 40 to 50 percent
Advertising: Direct mail, networking throughout business and trade
associations, publishing your own newsletter, Web site with
client testimonials
Qualifi cations: Knowledge of and contacts in a specifi c fi eld, excellent
organizational skills
Equipment needed: Offi ce furniture, computer, printer, fax, telephone headset
and/or cell phone, business card, letterhead, envelopes,
brochure
Staff required: No
Hidden costs: Liability insurance against employee misconduct, employee
screening costs (background checks and drug testing)
What You Do
While you may not be able to compete with the big, general agencies, you can
eff ectively run a small employee leasing agency. You provide to employers workers
with specialized skills, who cannot be reached through the traditional temp services.
Th is business produces good earnings relative to time and materials: you’re
96 The 200 Best Home Businesses
not doing the actual work, just the organization. Build your database of specialists
in a fi eld you have experience with, then begin direct mail, banner advertising or
an e-mail campaign to reach your prospective clients.
What You Need
Although the cost of building your initial database and center of operations is not
high, you will need a sizable initial investment ($20,000) to cover the delays in
cash fl ow between your clients and your employees. You could see at least $60,000
at the end of your fi rst year.
Keys to Success
You may need to consult an attorney to stay abreast of the laws regarding taxes,
workers’ compensation, and employment. Some types of temps will need to be
bonded, and you will need to measure the advantages of incorporation over the
extra costs and red tape involved.
Engraving Service
Start-up cost: $40,000–$75,000
Potential earnings: $40,000–$65,000
Typical fees: 40 cents–$100+ per piece
Advertising: Direct mail, Yellow Pages, networking with business and
civic organizations as well as schools, Web site
Qualifi cations: Training on the engraving equipment
Equipment needed: Engraver, molds, stencils
Staff required: No
Hidden costs: Insurance
What You Do
For nearly every school, association, or organization, there is a trophy or an award
to be given to its members. For many business, there are name badges to be made
for the employees. Th ink of the potential, then, for your engraving business—it’s a
bottomless cup, isn’t it? You’ll need to be a strong networker, as much of this business
has already been soaked up by those established much earlier than you. But,
to compete, you can set yourself apart by off ering unique products to engrave or
even by reselling recognition products from other sources, such as the retail shop
and catalog outfi t, Successories™. Sell people on your exceptional eye for detail and
customer service abilities and throw in quick turnaround if you can. Your clients
The 200 Best Home Businesses 97
will often need an award or trophy to be made on a tight deadline, so you can reap
an additional fee for 48-hour service.
What You Need
You could spend anywhere from $40,000 to $70,000 or more on your engraving
equipment, depending on how high-tech you get and how large a company you
would like. Your best bet is to seek out good used equipment fi rst. In terms of
earning power, you could make between $40,000–$65,000 if you work hard and
build the right contacts.
Keys to Success
You’ll be singled out as a winner yourself if you can keep up with your orders in
an accurate, timely manner. Th e best thing you can do is to send samples to folks
with their names or company logos already printed on it, nothing appeals more to
a person than a little ego boost. Wasn’t it Dale Carnegie who said that there is no
sweeter sound than the sound of one’s own name?
Envelope Stuffi ng Service
Start-up cost: Under $500
Potential earnings: $10,000–$15,000
Typical fees: 25 to 50 cents per envelope
Advertising: Flyers and mailings to companies without in-house mailing
services
Qualifi cations: Knowledge of postal regulations
Equipment needed: Envelope sealer, letter folder
Staff required: No
Hidden costs: Clients who seek to pay one fl at fee and then dump extra
work on you
What You Do
Companies who use direct mail in their advertising or promotional campaigns
need help stuffi ng the envelopes and getting them properly prepared for the post
offi ce. If you’re skillful at the manual end of this business (folding/stuffi ng/sealing
envelopes), you’ll be amazed at how much you can earn in only a few hours. You’ll
need to market your services well. And if you fi nd that you have too much business,
you’ll have the perfect opportunity to hire people with disabilities and retired folks
who might be on the lookout for such straightforward, low-pressure work. Make
98 The 200 Best Home Businesses
sure you schedule your jobs realistically to allow for quick turnaround, because
that is what will likely be expected of you from most of your clients.
What You Need
You may spend a few hundred dollars or so on items such as letter folders and
envelope sealers, but this business still shouldn’t cost more than $500 to launch.
Get the word out by networking with small- to medium-size companies, who
usually need help on projects of this kind. Charge between 25 and 50 cents per
envelope, and try not to quote a fl at rate if you can help it; you may be taken
advantage of after the ink is dry on your agreement.
Keys to Success
Let’s face it, stuffi ng envelopes is pretty boring work. If you don’t mind the
tedium—if you can manage to do your work and still catch Oprah! when you want
to—this could be a perfect way to either supplement an existing income or build
a modest base income. However, remember that your success depends largely on
your marketing ability.
Etiquette Adviser
Start-up cost: Under $1,000
Potential earnings: $20,000–$50,000
Typical fees: $15–$35 per one-hour class per person
Advertising: Newspapers, business publications, networking with
community organizations, Web site with some free tips
Qualifi cations: Extremely good taste and wealth of knowledge on manners
and good behavior
Equipment needed: Good resource materials
Staff required: No
Hidden costs: Networking in high places could set you out some
considerable cash in your entertainment budget
What You Do
You’ve always known the answer to seemingly eternal questions: which fork do I
start with and what is that spoon across the top of my plate really for? People rely
on your expertise for such sticky situations as who to invite to a wedding, where to
place divorced parents in a room together, when not to send a thank-you card, and
how long is too long to respond to an RSVP. Th at’s why your talents are needed,
The 200 Best Home Businesses 99
but how do you charge for them and still maintain your dignity? Easy. You off er
your services in six simple courses. It’s too diffi cult for an etiquette advisor to make
serious money handling each question piecemeal, so develop a curriculum and off er
your classes to the public or (better yet) the Corporate Confused seeking to become
the Corporate Elite. You could off er tips on everything from proper conversation to
handling potentially embarrassing situations; for instance, what should you do if
your crouton shoots out from your plate to your boss’s during lunch?
What You Need
Your start-up costs are so minimal, you needn’t worry about whether it is proper
to launch this business. Just make sure you have good reference materials for the
questions that stump you and leave a little extra cash for entertaining (which could
be your main way of bringing in business).
Keys to Success
You’ll love the authority and power of being an authoritative expert, but try not to
let it get to your head. Th e last thing any one of your clients wants is a know-it-all.
Be matter-of-fact, and try to inject some humor into your profession. Believe it or
not, humor is the best teacher in a delicate, personal subject such as etiquette.
Event Planner
Start-up cost: $500–$1,500 ($5,000–$15,000 more if you need a
delivery van)
Potential earnings: $45,000–$150,000+
Typical fees: $25–$50 per hour (depending on market and your
reputation) for small events; 10–15 percent of total event
cost for large events
Advertising: Community and business publications, Web site, eyecatching
marketing collateral, referrals
Qualifi cations: Extremely attentive to details, strong project management
skills
Equipment needed: Computer with good event planning software program, cell
phone with hands-free accessories (if mandated by your state),
e-mail access, a PDA, a good delivery van would be helpful
Staff required: May need to hire assistants to help occasionally
Hidden costs: Staffi ng costs might take a bite out of your profi ts when
you’ve just begun, since you’ll likely need some help from
time to time
100 The 200 Best Home Businesses
What You Do
Whether large or small, corporate or intimate, religious or ceremonial, any event
requires a lot of planning as well as the ability to execute that plan like clockwork.
As an event planner, you will map out themes, strategies, resources, and supplies
for events as diverse as bar mitzvahs, birthday parties, retirement parties, weddings,
fundraisers, and corporate sales meetings. You will develop a timeline for
all of the components of your plan, and will network with key suppliers to ensure
that you are getting the best deals on the most innovative elements and points of
interest involved in your event. You can probably order a lot online, but you might
also look at opening a vendor’s account with a local craft supply shop. If you are
not 100 percent sure you can make it on your own at fi rst, you might consider
doing an online search for a “party business in a box,” which has everything you’ll
need to launch your business successfully, including tips from many others who
have launched similar businesses before you. You may also off er to work with
another event planner fi rst, serving as a backup and then branching off with the
pro’s overfl ow work. Th at would help you understand all the details involved in
operating an event planning business. Th ere’s a whole lot of pressure to get everything
right, but there’s also a whole lot of reward for those who can stand the heat
while running the kitchen.
What You Need
You will most defi nitely need a computer with Internet service and a good event
planning software program. Together these will cost around $1,000 to $1,500, but
the software program will be well worth the investment, as it will keep you organized
and take some of the think-work out of the entire process of event planning.
Keys to Success
Networking with those at churches, rental halls, and party centers will help you to
spread the word about your business. You will sometimes need to do events for less
money than you might like, but when you do, try to make sure the events become
photo opportunities for your local newspaper. Keep a clipping book and scan your
own event photos into an online gallery on your Web site. People will enjoy seeing
samples of your work, as well as reading testimonials from your happy clients. Do
surveys at the end of each event to capture their thoughts, and gain permission to
post their comments on your site and in your marketing materials.
Executive Search Firm
Start-up cost: $5,500–$9,000
Potential earnings: $40,000–$150,000
The 200 Best Home Businesses 101
Typical fees: Varies, but often equals 25 percent of fi rst-year earnings of
person placed with client
Advertising: Cold calls, attending trade shows, newsletter to potential
clients, direct mail, business and regional publications,
Web site
Qualifi cations: Excellent people skills, patience, self-confi dence, knowledge
of specialized fi elds to be able to select appropriate
candidates for jobs
Equipment needed: Cell phone, computer and offi ce equipment, telephone,
business cards, letterhead, brochures
Staff required: None
Hidden costs: Phone expenses and advertising costs could exceed budget
early on
What You Do
Executive recruiters (also known as “headhunters”) are paid by companies to
fi ll management, professional, and technical slots within their fi rms. Most of a
recruiter’s work is done via phone and E-mail, so you can do this job anywhere.
You will collect as many qualifi ed applicants as you can, gleaned mostly from your
vast resume collection and a few friends in high places. Many consultants choose
niches in which to specialize; others serve all areas. A sales personality is helpful
in this business, as is the ability to be self-motivated. Often fi nding good people
for the positions is easier than fi nding clients who will hire you to conduct the job
search. You will need self-confi dence, tenacity, and good networking skills to make
it as a recruiter. Th is career choice gives you a great deal of fl exibility and personal
freedom, since you can work from any location that has a phone.
What You Need
A computer and printer are essential, as is database, word processing, and communications
software and a professional-looking Web site that showcases some
of your current job openings. Th ese items will cost from $2,500 to $5,000. You
will need a telephone, a headset, and fax, along with offi ce furniture and business
cards, letterhead, and brochures to promote your business. Th ese pieces will cost
$1,500–$4,500. You’ll earn an average of 25 percent of the new hire’s salary, so it
behooves you to search for the high-end, top-level managers.
Keys to Success
Competition for the best companies and top-notch candidates is stiff , and you get
paid only when you successfully match a company with a candidate. But the fi nancial
rewards can be considerable, and the satisfaction of helping a good candidate
to fi nd a job and your client to fi ll a key position, makes your eff orts worthwhile.
102 The 200 Best Home Businesses
Fan Club Management
Start-up cost: Minimal, if artist pays for expenses; $3,000–$5,000 if
you’re totally self-suffi cient
Potential earnings: $10,000–$30,000
Typical fees: $10–$25 each for memberships; you can also derive a
percentage from merchandising products (which may need
to be licensed or bought at wholesale cost if you are not
working directly for a celebrity)
Advertising: Direct mail, Web site with e-newsletters and message
boards
Qualifi cations: Experience in fi lm or television, or as a professional writer;
Membership in the National Association of Fan Clubs
Equipment needed: Computer with fast Internet access; printer; fax; copier;
database, label, and desktop publishing software
Staff required: No
Hidden costs: Postage and printing costs; server space might become
more costly as your site’s popularity grows and as more
content is generated
What You Do
When a celebrity becomes a celebrity, the last thing she wants to do is sit around
answering fan mail. Still many celebrities do realize that their fans are the ones
who put them where they are, and they don’t necessarily want to ignore them. Th at
is why it makes sense for popular artists to hire fan club managers to keep in touch
with their many admirers: they recognize the importance of staying at the top by
staying in touch with those whose opinions ultimately matter the most. If you have
the right credentials (such as having been a professional writer or prior experience
in radio or television), then you might be able to convince a celebrity to let you take
charge of his or her mail. In addition to opening and answering huge bags of mail,
you’ll off er services such as producing a quarterly or semiannual newsletter and
merchandising, at the celebrity’s expense (off ering promotional products like Tshirts,
posters, and autographed photos for sale and taking a small percentage for
yourself ). If you are going it alone, you may save money with value-added items on
your site such as a Weblog or an e-newsletter, and seek permission to link to the
celebrity’s site. If you manage the celebrity’s Web site, you can suggest similar such
items, along with media clips, interviews, and reviews. Like the celebrity, if you’re
in the right place at the right time, this could be a golden opportunity for you.
The 200 Best Home Businesses 103
What You Need
You won’t need very much at all to get started if you can convince a celebrity to foot
the bill for his or her fan club; some celebrities actually do see the value of paying
someone else to handle the mail and requests for signed photos. However, most
fan clubs operate on their own (with or without celebrity endorsement, but obviously
it’s easier with). Th is would leave you with a start-up cost of $3,000–$5,000
if you operate on a shoestring. You could sell memberships for $10–$25 each and
off er incentives for joining, such as a free T-shirt or baseball cap. At any rate, you’ll
be producing e-newsletters a few times per year at a low cost to you (basically
time and server space). If all goes well, you could make $10,000–$30,000 per year
doing something enjoyable and high-profi le. It may not be enough to make you
rich, but certainly enough to make you smile.
Keys to Success
Th is seems on the surface to be a glamorous job, and it is until you get barraged
with unreasonable requests, tight deadlines on newsletters, and ego-maniacal
celebrities who think treating “underlings” accordingly is the path to greater success.
It might help if you continually remind the celebrity just how much more
money the fan club is ultimately making them in boosting record or ticket sales. If
you’re going it alone, you might consider teaming with another fan club manager
who knows the ropes and can off er you guidance as you proceed.
EXPERT ADVICE
What sets your business apart from others like it?
“We are an authorized fan club management company and I have a highly
specialized background in radio,” says Joyce Logan, President of Fan Emporium,
Inc., a Branford, Connecticut-based fi rm representing entertainers such as
Michael Bolton, Carly Simon, John Mellencamp, and Mariah Carey. “I put myself
in the fan’s shoes and give every fan the personal touch . . . we produce newsletters,
answer fan mail, sell authorized merchandise, and even have a 900-number service
for fans to get concert updates and messages from their favorite superstars.”
Things you couldn’t do without
Computer with a good database management program, printer and labeling
program, Internet access, and fax.
Marketing tips
“Start with just one celebrity, and know that you can’t just run a fan club for
a little while. Th is is a serious commitment to the celebrity and the fans. You’re
dealing with people’s emotional links to their favorite celebrity . . . you are a ‘merchant
of emotions.’”
104 The 200 Best Home Businesses
If you had to do it all over again . . .
“I would have made contracts with the artists a little bit diff erently, so that
they would assume all the costs of printing and mailing. We are a public relations
fi rm just like any other, and we need to be recognized as such to stay profi table.”
Fax-on-Demand Service
Start-up cost: $12,000–$15,000
Potential earnings: $20,000–$50,000
Typical fees: $150–$300/month to cover incoming calls, with unlimited
responses, or lower monthly fees with charge for each
response
Advertising: Trade journals, direct mail, direct solicitations to local
businesses, seminars and banner ads on small-business
Web sites, your own Web site with available packages and
pricing options
Qualifi cations: Knowledge of technology and software, marketing ability
Equipment needed: Modifi ed computer with special fax board, customized
software, scanner, offi ce furniture
Staff required: No
Hidden costs: Additional phone lines
What You Do
You will provide the technology that allows smaller companies and professionals
to match the fax-on-demand systems being set up in-house by large organizations.
Your clients will make information available to their customers or employees
around the clock. Th ese people call to ask for information, and your automated
faxing system instantly sends them the newsletter, data sheet, or restaurant menu
they have requested. Automatic broadcasting can reach sales reps or members of
an interest group. Once businesses understand how their marketing eff orts can be
supported by fax-on-demand, they will form an ongoing clientele and a source of
steady income for you. But your fi rst task will be to help them see the possibilities
inherent in this technology, since most people aren’t aware of its options or
capabilities. How will what you do be diff erent from e-messaging? You will off er
companies the ability to send information about their products and services to
people who “opt-in” but want to see it on paper. Believe it or not, the fax is still in
demand.
The 200 Best Home Businesses 105
What You Need
Th is is an expensive business to get into, with start-up costs averaging $15,000.
Getting the funding to set it up may present quite a challenge, since it is a relatively
new type of business. However if you’re creative, you’ll fi nd ways to purchase
the equipment you need economically; and you’ll be billing $150–$300 per client
per month, so you will have decent income once your customer base is well
established.
Keys to Success
You’re going to need a silver tongue and a genius for marketing to get a fax-ondemand
service off the ground. Finding organizations that need to send up-todate
printed materials in high volume will be the fi rst step. Creating possibilities
that click in with your prospects’ needs and assumptions will allow you to get
your message through to the people who can see advantages to cutting-edge
approaches.
Feng Shui Consultant
Start-up cost: $500–$1,500
Potential earnings: $40,000–$65,000
Typical fees: $100–$150 per hour consultation fee
Advertising: Local business and real estate publications, networking
with interior designers and architects, Web site, referrals,
teaching community college courses
Qualifi cations: Training and certifi cation from a bona fi de school of feng
shui would be helpful
Equipment needed: Compass, cell phone, possibly a computer for research if
desired
Staff required: No
Hidden costs: Subscriptions and membership dues, continuing education
What You Do
A feng shui consultant uses the ancient Chinese art of feng shui (which means
“wind and water”) to help businesses and homeowners recognize the most ideal
directions and placements for items in their personal space. Th e thinking behind
this is that if your belongings are in perfect alignment with unseen forces of
nature, allowing the positive fl ow of life-giving “chi” energy throughout, then you
will have a healthy and prosperous life in that space. To achieve the most positive
106 The 200 Best Home Businesses
fl ow of chi, you’ll need to fi rst help your clients identify and remove clutter, so that
you can actually see where the best locations are for the remaining “intentional”
possessions. Th is can be a fun and very challenging business for those who enjoy
improving other people’s lives. You can really make a diff erence in the way they live,
simply by advising them on the best confi gurations for their meaningful possessions,
as well as the virtues of a clutter-free life!
What You Need
You really don’t need much to be a good feng shui consultant, since most of your
trade depends squarely on your knowledge and ability to convey that wisdom
eff ectively to clients. You might benefi t from having a computer to help you stay
on top of feng shui news and trends. If you follow the traditional school of feng
shui, you will be using a compass much of the time to determine ideal directions
for furniture placement.
Keys to Success
Referrals will be a signifi cant source of income for you, especially in your start-up
phase. You would do well in the beginning to network as much as possible with
architects and interior designers, but you may also consider off ering yourself as
a speaker at local libraries and events as a way of getting your name out there.
Many feng shui consultants are also teachers of this ancient art, so you should
defi nitely consider off ering courses through community centers or adult education
programs.
Financial Aid Consultant
Start-up cost: $2,000–$4,000
Potential earnings: $15,000–$40,000
Typical fees: Flat rates of $150–$500
Advertising: Yellow Pages, classifi ed ads, direct mail, membership to
and participation in community organizations related to
education, seminars and speeches for community groups,
networking, Web site that’s easily located via search engines
Qualifi cations: Experience as a school guidance counselor or college
admissions offi cer, extensive knowledge of the fi eld, ability
to relate well to college applicants and their parents
Equipment needed: Offi ce with conference table for meeting clients, computer,
suite software, Internet access, fax, printer, business cards,
letterhead, envelopes
The 200 Best Home Businesses 107
Staff required: No
Hidden costs: Subscriptions, Internet Service Provider fees, association dues
What You Do
Th e cost of higher education continues to escalate. And while one often hears that
many types of fi nancial aid are available, fi nding them is quite another matter.
Families need guidance and assistance in fi nding the sources to which they can
apply and in preparing the paperwork. Your services as a fi nancial aid consultant
will be in great demand once your name gets known to the community at large.
Word of mouth from students you have helped and from their parents will bring
you new business regularly. You will need a lot of familiarity with fi nancial aid
options to make a success of this type of consulting, and you will need excellent
people skills as well. Some fi nancial aid consultants research options on the Internet,
while other specialize in aid for private secondary or even elementary school
tuition. Th e bulk of the market, though, is for students entering college.
What You Need
Keeping your own knowledge up-to-date and providing a suitable place for
interviewing clients are your two main expenses ($2,000 to start). Part-time work
could earn you $15,000; rates could range anywhere from $150–$500 per job,
depending on both complexity of paperwork and your geographical location.
Keys to Success
Many parents experience major shock when they fi rst realize how much having
one or more children enrolled in the ivied halls is going to set them back. And even
the “simple” fi nancial aid forms for determining basic fi nancial need are far from
easy to cope with. You can also provide vital help in fi nding the multitude of special
scholarships available for students with a certain heritage, a special academic
interest, or some other specifi c characteristic.
Financial Planner
Start-up cost: $5,000–$8,000
Potential earnings: $40,000–$60,000
Typical fees: Set fee depending on investments, typically $250–$500 or
more
Advertising: Networking, memberships in community and business
groups, local magazines and newspapers, programs of
fundraisers, Web site with some free tips
108 The 200 Best Home Businesses
Qualifi cations: Certifi cation is becoming essential; familiarity with
fi nancial issues; marketing skills; ability to inspire trust
Equipment needed: Computer, printer, suite software, Internet access, fax, online
account, furniture, business card, letterhead, envelopes
Staff required: No
Hidden costs: Subscriptions to newspapers and fi nancial periodicals,
errors and omissions insurance
What You Do
Th e market for fi nancial planning services is becoming very large, especially as
the baby boom generation draws close to retirement. In fact, some of them are
already there, but they haven’t planned as well as they could have for the inevitable.
Your biggest diffi culty in establishing your business will be that so many others are
competing with you. Th e fi nancial planning business is just one piece of what a fullservice
investment company does for its clients, so you’ll have to position yourself
as a more personalized service than your competitors. You’ll probably also need
to be part of a close network of family, friends, and acquaintances who will work
with you and refer you to their friends. Th is is a very personal business, and your
ability to inspire confi dence will be vital. Creativity in helping your clients plan their
fi nancial future and skill at helping them achieve those goals will set you apart. Is
there an underserved group you can target? Can you design plans for self-employed
people, the elderly, or investment clubs? Can you work in association with related
businesses such as accountant fi rms to add your service onto their off erings?
What You Need
Your offi ce needs to give you the up-to-the-moment information you need for
proper service to your clients (around $3,000 to start); however, you could earn
upward of $40,000.
Keys to Success
Most people manage their money very poorly, if at all. Th ey don’t plan well or
budget, and they haven’t faced up to the question of how to provide for retirement.
All of these are diffi cult topics, and dealing with these sensitive issues makes
people uncomfortable. You can smooth things over with a reassuring attitude, and
by paying attention to the details of your client’s fi nances that they overlook.
EXPERT ADVICE
What sets your business apart from others like it?
Dianne Winnen, a Certifi ed Financial Planner in Akron, Ohio, says she is
diff erent because her business caters to middle-income people rather than focusing
The 200 Best Home Businesses 109
on seniors with retirement funds. “I’m one of 31,000 CFPs in the country, and I’m
proud to be a part of a select group.”
Things you couldn’t do without
“I couldn’t do without my computer, telephone, and copier.”
Marketing tips
“You really have to want to be in this fi eld to make it successful for you.
Read and educate yourself about business matters.”
If you had to do it all over again . . .
“I would’ve gone in with more realistic expectations about what it would
take to survive the fi rst couple of years.”
First Aid/CPR Instructor
Start-up cost: $300–$500
Potential earnings: $15,000–$20,000
Typical fees: $10–$20 per participant
Advertising: YMCA, hospitals, churches, associations, schools, swim
clubs
Qualifi cations: American Red Cross or American Heart Association
certifi cation required
Equipment needed: “Annie-are-you-okay” dummy for practice
Staff required: No
Hidden costs: Educational materials could cost you more than expected;
you’ll fi nd out what you really need and what you don’t
from your training instructor
What You Do
Many of us have been given CPR training at schools, churches, or swim clubs, and
if you’ve always been interested in teaching people to save lives, this could be your
calling. It is not particularly profi table since volunteers from many associations
off er similar courses, but it could provide you with some extra cash. Set yourself
apart by adding on a related service, such as a speakers bureau that off ers tips on
CPR on people with illnesses, disabilities, and so on.
110 The 200 Best Home Businesses
What You Need
It really doesn’t cost much to instruct others on the benefi ts of life-saving techniques;
your biggest up-front cost will be for the practice dummy and related
resource materials such as models and diagrams. You’ll fi nd out from your instructor
what educational materials you really need and what you don’t. One innovative
place you could off er your services is at restaurants. Th eir staff s always have
diagrams of what to do in an emergency, but do they really read them and have
they actually practiced on anyone? Not likely. Off er them a group discount!
Keys to Success
Th e challenge of setting yourself apart from competing services off ered free of
charge can seem overwhelming at fi rst, but get creative. You can make a small, yet
profi table, business for yourself. Be positive and look for the big guys who can help
provide a steady fl ow of business, such as health clubs, restaurant associations, and
human resource managers at large corporations.
Food Item Manufacturer
Start-up cost: $500–$5,000 (depending on the food product)
Potential earnings: $30,000–$75,000
Typical fees: As high as $50 for some items, but most range $2–$25
each
Advertising: Mail-order catalogs, brochures, direct mail, groceries,
farmers’ markets, Web site with testimonials about your
products and an online store with a secure server for safe
ordering
Qualifi cations: Knowledge of how to manufacture and market the item
Equipment needed: Depends on the item
Staff required: None
Hidden costs: Legal advice
What You Do
Th e sky is the limit in food production. Anything from eggs and bottled water
to candy and organically grown tomatoes can be manufactured by a home-based
entrepreneur. What’s involved in such a business varies greatly, depending upon
which product you choose, but either off ering a unique food item or marketing a
tried-and-true favorite in a new way spells success. A package of pasta, for example,
can be produced for as little as 46 cents and sold for $3.50 or more. How about
The 200 Best Home Businesses 111
pizza? Everyone loves pizza, it’s easy to make and, with your own marketing or
recipe twists, you can make a tremendous amount of money. Want more ideas?
How about food by mail order, a food-preserving business, specialty breads, sassafras
tea, holiday cookies, or maple syrup? If you are willing to learn the ins and
outs of producing and marketing a particular food product, you can establish a
profi table business.
What You Need
Start-up costs depend on the food product you choose. If you need ovens or an
assembly line to manufacture your products, it may be relatively expensive to
begin. On the other hand, a product such as soup can be started on a shoestring.
Packaging and marketing costs for any product must be carefully considered.
Explore your market area, examine packaging of similar products, and research
the costs.
Keys to Success
Your livelihood is greatly aff ected by weather and the seasons if it requires growing
a crop. You may need considerable knowledge about fertilizers, plant diseases, and
so on. You must have a consistent supply of ingredients and a consistent manufacturing
method to ensure that your products always taste the same. Any food
product is subject to safety and health regulations. Th e good news is that many
food manufacturing operations are quite simple, requiring few ingredients and no
great technical skills. Everyone loves to eat, so food products are always in vogue.
Framing Service
Start-up cost: $40,000–$60,000
Potential earnings: $40,000–$50,000
Typical fees: $15 per hour for custom work plus materials; materials
only for frame-it-yourself
Advertising: Yellow Pages, local newspapers, coupon books
Qualifi cations: Understanding of operating a retail business plus skill in
framing and training a staff , ability to teach customers to
frame
Equipment needed: Framing supplies, special cutters for glass, wood, mats, cash
register, retail space
Staff required: No
Hidden costs: Insurance, materials
112 The 200 Best Home Businesses
What You Do
Th is business is lucrative because many people buy prints and other artwork
or want to frame their own pieces. Some people don’t have the time or patience
to frame, so the custom aspect should not be ignored. Take into consideration,
however, that about 60 percent frame their own, while 40 percent request custom
framing. Material costs fall somewhere around 26 to 32 percent and gross profi ts
about 68 to 74 percent.
What You Need
You’ll spend at least $30,000 launching a frame shop, primarily because you’ll
need lots of storage space and work area with suffi cient lighting. More than likely,
you’ll rent space somewhere close to an art gallery. Charges will vary according to
size and make of frame.
Keys to Success
Be mindful that this is a retail establishment, so take into consideration the size of
the shop, location, and rent. You might want to sell some ready-made frames and
prints to supplement the custom framing business.
Freelance Writer/Copyeditor/Illustrator
Start-up cost: $2,000–$5,000
Potential earnings: $22,500–$50,000
Typical fees: $50–$150 per hour, depending on area and experience
level
Advertising: Personal contacts, trade publications, Web site with links
to your online portfolio and a well-planned contact form
that enables potential customers to quickly tell you about
their project
Qualifi cations: Attention to detail and organizational ability; Writing and
communication skills for freelance writing and copyediting,
sense for graphics and design for freelance illustrating
Equipment needed: High-end computer (Mac-based would be best for
designers and illustrators) with light pen or graphics tablet
and a high resolution graphics video card (for illustrating),
scanner, printer, word processing, design and contact
management software, fast Internet access, fax, offi ce
furniture, reference books, business cards
The 200 Best Home Businesses 113
Staff required: No
Hidden costs: Maintaining personal contacts (business lunches, etc.),
memberships in trade organizations, software upgrades
What You Do
Many people have made careers out of freelance writing, copyediting, and illustrating—
and many more are trying. Success will come for you when you can distinguish
your services from those of others who will work for much less; remind clients that
they get what they pay for. Excellent communication skills are required to discover
exactly what your clients want and need. You then turn those skills around to produce
the corrected materials, written texts, or illustrations that will support your
clients’ needs. Th is business is built entirely on your abilities, and that requires building
up trust slowly and carefully before you can obtain the big projects that bring in
enough income to make you fi nancially successful. Using your creativity and focusing
on goals are both essential. No detail can slip by your eye. But successful projects will
bring you referrals, and each small step can lead to a bigger one.
As a writer, you will work on special editorial projects for clients ranging
from small business owners to universities to newspapers—and, if you’re a copywriter,
you may even be lucky enough to snag a corporate client or two in-between.
Your projects might be as specialized as an article for a trade journal or a corporate
history; then again, you could be a generalist who writes articles on a wide variety
of topics for various magazines and newspapers. Your best bet, at least in the
beginning, is to produce brochures for small businesses.
As a copyeditor, you will focus your energies on making sure everything
that you see goes back to the publisher as mistake-free as is humanly possible. You
will correct grammatical errors, spelling and punctuation mistakes, and even poor
sentence fl ow. Your job is to ensure that all the words on the page make sense and
have a certain rhythm to them, so that the reader is carried along through the book
logically and comfortably. You may end up copyediting thousands of projects, from
annual reports and menus to book-length manuscripts.
As a freelance illustrator, you will market your work to various publishing
houses, ultimately in search of a regular contract with at least one. If you do
secure a contract, you may design and produce book covers as well as artwork to
accompany the text. Th is area of expertise is particularly lucrative for those who
can produce lively, entertaining illustrations for children’s books.
What You Need
You’ll be spending a lot of time in your offi ce, so whether you plan to meet clients
there or not, you’ll need to make it an eff ective workspace. Th e high-end computer
equipment needed to produce professional results is costly, averaging $2,000–$5,000.
Your hourly rates should cover all of your overhead, so price yourself competitively
in the $50–$150 per hour range. For designers and illustrators, a Mac is a must.
114 The 200 Best Home Businesses
Keys to Success
You can indulge your love of words and/or graphics to the max in the freelance
world. You will be learning something new with each project, and you will have the
satisfaction of seeing everything you produce be published. Working to support
your client businesses can result in a satisfying partnership. However, pricing your
services can be very diffi cult. Nonwriters often do not appreciate the time and
eff ort that goes into producing an eff ective piece of writing, and there are many
writers out there in the marketplace who are likely to undercut you. Deadlines
are always too short, and sometimes it can be diffi cult to obtain the background
information needed from a client.
Any way you look at it, freelance writers, copyeditors, and illustrators are
typically driven, hardworking people who have earned the circles under their eyes
the hard way.
EXPERT ADVICE
What sets your business apart from others like it?
Ruth Dean, owner of Th e Writing Toolbox in Akron, Ohio, says her business
is unique because she listens well and helps clients clarify their ideas and
plans. She specializes in technical marketing communications and gets her best
results by writing to appeal to the client’s intended audience, not just to the client.
Things you couldn’t do without
“Th e fax is essential. Clients want instant communication.” A computer and
laser printer are also necessities.
Marketing tips
Dean markets by networking. “I just ask clients about their business and
listen. Th at’s all it takes. It’s important to have writing samples available in simple
‘packages’ so that clients who are not accustomed to working with writers can
fi gure out how to hire you.”
If you had to do it all over again . . .
“I wouldn’t have waited so long to go out on my own.”
Gardening Consultant/Landscaper
Start-up cost: $5,000–$10,000 (more if you need to purchase a vehicle)
Potential earnings: $40,000–$60,000
The 200 Best Home Businesses 115
Typical fees: Varied; can be as low as $125 or as high as several
thousand per project (depending on whether you’re
working for an individual or a corporation)
Advertising: Yellow Pages, community newspapers, city magazines,
direct mail, bulletin boards, networking, speaking to
community organizations, Web site with free seasonal
gardening tips
Qualifi cations: Extensive knowledge of plants, growing seasons, and
regional climates
Equipment needed: Gardening tools, hoses, seeds, perhaps a van or pickup
truck
Staff required: Yes (1–5 people to work on several projects
simultaneously)
Hidden costs: Liability insurance and workers’ compensation
What You Do
Th ere’s nothing lovelier in the springtime than a perfectly planned garden in bloom.
If you’ve always been the type who can eff ectively plan such perennial pleasures,
you would likely be well-suited to this line of business, especially if you don’t mind
working outside in the dirt for long periods of time during the warmest times of
the year. As a gardening consultant, you will meet with either homeowners or
business owners to work out the details of what will bloom where. Develop a
portfolio of your best work, then reel in more business through speaking engagements
or presentations to community organizations. Be sure to always be clear on
what your services entail; many well-meaning folks may confuse your services with
those of professional landscapers. If you don’t cut grass, say so.
What You Need
If you’ve already been involved in gardening, you likely have many of the tools
you’ll need to start. However, keep in mind that you’ll probably be adding a staff
once the phone starts ringing, so you’ll need to double or possibly triple the number
of tools you have on hand. Also, if you need a vehicle, such as a van or pickup
truck, consider leasing and applying a magnetic sign to the door advertising your
services. All said and done, you’ll shell out between $5,000 and $10,000, more if
you add staff . But your fees, which will vary from $125 to several thousand dollars,
should off set any costs.
Keys to Success
Plan your speaking engagements and other forms of promotion during the off -
season; chances are, you’ll be too busy during the spring and summer months.
116 The 200 Best Home Businesses
Genealogical Service
Start-up cost: $500–$1,500 (depending on whether you have a
computer)
Potential earnings: $15,000–$25,000
Typical fees: $25–$125 per search; $200–$500 per written family
history
Advertising: Magazines with a historic slant, newspapers, Yellow Pages
Qualifi cations: Experience doing genealogical searches; knowledge about
the fi eld
Equipment needed: Computer with family tree software program and highspeed
Internet services (for constant research)
Staff required: No
Hidden costs: Possibly subscriptions to online databases such as
Ancestry.com
What You Do
Everyone would like to know their roots, and what better way to fi nd out than
through a genealogical service? By hiring such a service, one will learn about past
generations of your family, including the black sheep that every family seems to
have. As a family history writer, you would meet with family members to obtain
every known detail about a family, do further research on your own, and then compile
the information into a family tree diagram or a written report. Mind you, not
all is known about every member of every family, but the Mormon church has an
extensive genealogical service that you could use to fi nd seemingly obscure bits and
pieces. And this service is provided for everyone, not just for Mormons. Th ere are
also subscription-only Web sites that specialize in genealogical databases, as well
as census reports at major metropolitan libraries to assist you with your search. If
you aren’t afraid of a lot of research and detail-oriented writing work, this could be
a great business for you. Every family has a diff erent, yet fascinating, story to tell.
What You Need
You’ll need to have a good computer system and genealogical software to produce
the kinds of detail-oriented reports necessary in the family history writing business.
Expect to spend anywhere from $500–$1,500 on those items alone, then
factor in your advertising costs at around another $350–$500 and up (depending
on the size of the publication you advertise in). Be sure to factor annual costs of
Web site subscriptions, etc., into your fees.
The 200 Best Home Businesses 117
Keys to Success
Your work is much in demand in these nostalgic times. Although there is not a
high upfront investment, your time is worth money and you could spend more
of that than you are paid for. Make sure you budget your time accordingly or you
could easily (and quickly) come up short.
Gerontology Consultant
Start-up cost: $500
Potential earnings: $25,000–$40,000
Typical fees: $20–$40 per hour
Advertising: Direct mail; networking with psychologists and medical
professionals; speaking engagements; Web site with links
to case studies, recent research and related resources
Qualifi cations: Background in psychology or sociology
Equipment needed: No
Staff required: No
Hidden costs: Possibly mileage
What You Do
Since the year 2000, the population over the age of 60 risen to as high as 65
percent of the total population. Life expectancy has been rising due to improved
health care, exercise, and genetics. With more folks than ever before living past
the age of 80, the need for skilled professionals to help all of us understand the
process and eff ects of aging is more apparent. As a gerontology expert, you will
work in conjunction with hospitals and psychologists to help elderly patients and
their families adjust to the many changes and challenges of growing older. You will
counsel them on issues ranging from health care to assisted living programs, and
may be called on frequently as a resource person for hospitals and the community
at large.
What You Need
Assuming that you have the necessary credentials (i.e., a college education in health
and human services or a related fi eld), your start-up costs should be minimal.
Th e fi rst thing you’ll need is professional-looking stationery and business cards,
so allow about $500 for that and some preliminary advertising. A gerontology
consultant works primarily on-site; that is, at the place where his or her services
have been contracted, so you won’t need to rent offi ce space.
118 The 200 Best Home Businesses
Keys to Success
You will probably enjoy the favorable attention you’ll receive from people in need
of your services, but you should also keep in mind that many of your clients
are under unbelievable stress because they are balancing their careers, children,
spouses, with the need to care for aging relatives. Th ey simply can’t be in two places
at once, and they may be diffi cult to deal with at times as a result.
Gift Basket Business
Start-up cost: $5,000–$15,000
Potential earnings: $25,000–$45,000
Typical fees: Baskets are individually priced anywhere from $25–$350
Advertising: Local newspapers, fl yers, bulletin boards, direct mail to
busy executives, Yellow Pages, banner ads on fl orist and
gift-related Web sites, your own Web site with e-commerce
capability
Qualifi cations: Natural creativity mixed with a strong business sense
Equipment needed: Baskets and gift materials, glue gun, shrink wrap machine,
delivery vehicle, computer and credit-card processing
system or service (such as PayPal.com)
Staff required: No
Hidden costs: Shipping costs
What You Do
Th ere’s nothing nicer to receive than a basket full of goodies meant especially for
you, which is why gift basket businesses have been cropping up everywhere. Some
are even off ered as franchise opportunities. On the surface, this business seems so
simple anyone could do it: you just round up a bunch of neat items, place them in a
basket, put ribbons and shrink wrap around all and voila! But there is much more
to it than that. You must also be a gifted buyer to get the best bargains on gift items
and materials and a real go-getter of a salesperson to bring in the constant fl ow of
business needed to stay afl oat. In other words, you should have all the marketing
skills of a seasoned retailer in addition to a dynamic and creative mind. If you can
handle all of that, you will likely succeed if your market area isn’t already saturated.
Be sure to set yourself apart from the others as much as possible. Since there are
so many others in this trendy business, the competition is fi erce. You’ll lose out if
you don’t carve an interesting niche for yourself. Perhaps you could fi ll your gift
The 200 Best Home Businesses 119
baskets with only a particular type of product, such as those manufactured only
in your state or those related to a special theme.
What You Need
Your start-up costs hinge on whether you’re renting a storefront and whether
you’re investing in a delivery vehicle or merely using your own car or van. A storefront
could generate some walk-in business, but rent is steep for straggler-type
businesses. You really should try to keep this business lean and mean for as long as
you can, having your clients shop from a catalog rather than at a shop. You’ll need
to advertise heavily in places your customers are most likely to think of needing
your services, and that will run you in the neighborhood of $500–$3,000. Your
money will come from the gift baskets you sell, minus production and commission
costs. Most gift basket businesses off er an array of baskets for a wide range of
prices, anywhere from $25 to $300.
Keys to Success
Since the national recognition of an enormously successful gift basket business
named Longaberger, everyone is trying to get into this seemingly easy business.
If you feel you can create a gift basket business that truly stands apart in some
way, you stand a good chance of earning a living. If you’re not sure, think it over
or (better yet) write your business plan. It’s so competitive that you have to have a
niche to survive in a city or suburbia, and if you’re in a remote part of the country
your customer base will be limited. However if you’re creative about gift baskets,
you’ll be creative in coming up with a way to sell them.
Government Contract Consulting
Start-up cost: $3,000–$6,000
Potential earnings: $40,000–$65,000
Typical fees: $50–$150 per hour or a fl at rate of $175+ per project
Advertising: Trade journals, association memberships, direct mail,
networking, referrals, Web site
Qualifi cations: Experience in obtaining government contracts, contacts in
Washington D.C., writing skills
Equipment needed: Computer, suite software, fax, copier, printer, cell phone,
offi ce furniture, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Internet Service Provider fees, telephone bills
120 The 200 Best Home Businesses
What You Do
As companies downsize, they no longer employ people who can thread their way
through the complex world of government contracts. Yet these contracts can be a
source of business growth to many companies. Potential clients should not be ignored
on the grounds that the governmental requirements seem too diffi cult. Rather, you
will guide these organizations into the land of business opportunity that government
contracts represent. Your experience with the special language that government
agencies use (and the red tape involved in each transaction) plus your contacts in
diff erent departments and agencies will help you help your clients in doing business
with the government. Th is is a specialized fi eld, but it can be a very rewarding one.
Often, success in gaining one contract will smooth the path for future work. If you can
produce the contracts and/or help carry them out successfully with project management
skills, you have a very large potential market of companies that would love to
hire your services.
What You Need
Equipping your offi ce is the main expense; expect to spend at least $3,000–$6,000.
Considering that some government contract consultants charge as much as $150
per hour for their valued service, your expenses will be minimal in relation to your
earnings.
Keys to Success
Th is is an insider business, so you’ll need to sell yourself as an insider if you aren’t
one already. Don’t worry—as you begin to achieve success, you will become more
of a real insider. Th e other factor here is a good business sense. What approach
to obtaining a government contract would be most appropriate for each of your
clients? How can you guide a specifi c business organization through the process?
You are doing a lot of good for your clients each time you are successful, and that
should make up for the frequent need to work under time pressure.
Grant Writer
Start-up cost: $1,000–$2,000
Potential earnings: $45,000–$100,000
Typical fees: $500+ per project or an hourly rate of $25 or more
Advertising: Networking, direct mail, Web site with references or
testimonials
The 200 Best Home Businesses 121
Qualifi cations: Knowledge of the regulations governing formal proposals,
knowledge of technology and industry, ability to write
clearly and logically
Equipment needed: Computer, offi ce suite software, high-speed Internet access
for research, laser printer, fax, offi ce furniture, business
cards, letterhead, envelopes
Staff required: No
Hidden costs: Printing documents
What You Do
Organizations that want to do business with the federal or state government, cities,
counties, and special districts often must respond in writing to a request for
proposal (RFP). Writing an eff ective proposal is a highly skilled activity, and often
businesses must contract out the work. Charitable organizations also hire grant
writers to help them establish their relationship with private foundations. In either
case, the piece of writing must conform to the specifi cations in the RFP, outlining
the methods to be used, the needs to be met, and the fi nancial background and
expected outcomes of the project.
Some proposal writers are generalists, while others focus on one fi eld, such
as education or health care administration. Th e emphasis, though, is on good
writing skills applicable to any fi eld—clear organization, logical exposition, and
excellent grammar. Aptitude with numerical data in graphs and spreadsheets is
required. Business savvy is also necessary to work with the client’s staff who are
planning the bid or funding request.
What You Need
You will need to be able to produce professional-looking documents that may
include graphs, charts, and tables. Buy a computer and printer with high- resolution
and graphics capabilities (around $2,000–$3,000). Your physical offi ce needs to
function well as this is a desk-intensive job. Buy a comfortable chair, around $200.
You can bill hourly ($25–$50 per hour) or on a per-job basis ($500 and up).
Keys to Success
A skilled grant writer provides the essential link between the client and the funding,
whether it is a grant for a nonprofi t organization or a contract for a business.
It’s challenging work that involves constant learning and creative solutions. It
can take a long time to gain enough experience to be eff ective and have enough
contacts to keep the work fl owing in. Pricing is always a challenge unless you set a
sliding scale that refl ects the complexity of each job.
122 The 200 Best Home Businesses
Graphic Designer
Start-up cost: $6,000–$10,000
Potential earnings: $30,000–$75,000
Typical fees: $75–$100 per hour or average retainer fees of $1,000 per
month
Advertising: Business publications, promotional mailings to people in
the advertising industry, referrals, Web site with impressive
online portfolio
Qualifi cations: Art/design background, communication and marketing
skills
Equipment needed: High-end computer (Mac-based) with quality graphics
design software, color scanner, large-screen monitor, laser
printer, fax, offi ce furniture that includes a light table,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Training in new software programs, acquiring new
software suites as they become available
What You Do
Th ere is a lot of competition in this fi eld, but skilled, creative graphic designers
stand out above the rest. Experienced graphic designers who want to work independently
can make an excellent living in a home-based setting producing work
for a range of clients. Freelance graphic designers work for a variety of diff erent
businesses, including book publishers, newspapers, consumer product manufacturers,
and even other small start-ups. Eventually you may decide to set up a studio
and employ others to work with you. An ability to communicate well with clients
is essential. It is not enough to create designs that appeal to your own aesthetic
sense. You need to be part marketer and part psychologist to produce the designs
your clients want and need.
What You Need
Th e computer equipment required is very expensive. You will need the latest software
as well, in addition to an effi cient and comfortable work space. Figure your
charges to be in the $75–$100 per-hour range. Be careful of bidding on a per-job
basis; many companies will demand that you do only to take advantage of your
time later.
The 200 Best Home Businesses 123
Keys to Success
You can make an excellent living as a graphic designer once you distinguish yourself
from the competition and build up a reputation for excellent and on-time work.
Good working relationships will lead to a satisfi ed group of clients that return to
you again and again. It can be diffi cult to bid jobs accurately, and sometimes a few
clients will be very slow to pay. Working under rush conditions seems to be the
norm, and occasionally you will encounter a customer who is impossible to please.
EXPERT ADVICE
What sets your business apart from others like it?
Kelvin Oden, owner of Oh Snap! Design in Brooklyn, New York, says he’s
had to pay his dues to get where he is. “On the positive side, I have a young company
and can work without limitation or restriction. I can go against the norm.”
Things you couldn’t do without
A computer, laser printer with at least 600 dpi, and clients are all Oden says
he needs to survive.
Marketing tips
“Th e most important thing is to build really good relationships with your
clients. If they’re comfortable with you as a person, they’ll come back to you.”
If you had to do it all over again . . .
“I wouldn’t change anything. . . . I’m extremely happy doing what I’m
doing.”
Hairstylist
Start-up cost: $12,000–$20,000
Potential earnings: $20,000–$45,000
Typical fees: $20–$40 per haircut, $50–$70 for coloring, highlighting or
perms
Advertising: Local or community newspapers, fl yers or business cards
on bulletin boards, referrals, and a shingle or small sign in
front of your home if permitted
Qualifi cations: State license; may also require zoning ordinance or variance
(check with your city or county zoning board)
124 The 200 Best Home Businesses
Equipment needed: Stylist’s chair; mirrors; sink; cabinet for hair coloring and
permanent solutions; baskets for curlers, brushes, combs,
and related hair supplies; professional-quality clippers and
scissors; capes; washing machine; a good broom or vacuum
Staff required: No
Hidden Costs: Liability insurance, zoning permits
What You Do
One of the oldest home-based businesses, particularly for women, is the hairstylist.
Hundreds of these businesses can still be seen as you drive around the
older suburbs in your community. While many stylists prefer to align themselves
with more established or high-profi le salons, you can have a solid home-based
business if you plan to set yourself apart from the beginning. If you have reliable
transportation, you can off er in-home services to clients. Just think of all those
who could take advantage of this convenient service—busy executives, stay-athome
moms, nursing home residents, and hospital outpatients. You’ll have to
fi gure in travel time. As a home-based hairstylist, you can set your own hours,
work with a small or preferred clientele, and take breaks between clients in the
comfort of your own home. Do a few haircuts, highlights, and perms per day, fi ve
or six days per week or just two to three days per week, and know that all of the
profi ts from your business will go directly to the pocket of your smock. You can
decide how hard you want to work and how often, but at the end of each day, you
are responsible for the success or demise of your business. Making your clients
look their best will be the easiest way to secure referrals and keep your business
growing faster than the hair on your clients’ heads. Also, you would do well to
include add-ons such as professional nail technician services or even makeup
consulting. Th e more pampering and personalized your services, the more likely
you will develop a strong referral base.
What You Need
You will essentially need all of the same hairstyling equipment and supplies as a
full-service salon, and this will cost you anywhere from $12,000 to $20,000. Your
start-up list will include everything from clippers and scissors to styling chairs and
hair dryers. You will need also capes, cotton, a supply cabinet full of coloring and
perm solutions for a variety of clients, and of course, mirrors galore. Don’t forget to
invest a little in some business cards and signage to advertise your business; these
will likely cost under $250.
Keys to Success
If you work a particular niche, such as wedding party hairstyling or on-call services
where you travel to your client’s location for personalized hair services, you will
The 200 Best Home Businesses 125
fi nd that you fare much better against large chains. Many of those take walk-ins,
which, as a home-based business, you may not be as inclined to do. Th at’s why it
pays to know your customers—and your niche—from the start.
Handbill Distribution
Start-up cost: $200–$500
Potential earnings: $15,000–$20,000
Typical fees: $5–$10 per dropoff
Advertising: Flyers or classifi ed ads
Qualifi cations: Marketing sense, time-management skills
Equipment needed: None
Staff required: Yes
Hidden costs: Spot-checking the distribution crew
What You Do
Businesses are moving beyond the traditional marketing avenues (magazine and
newspaper advertising, radio spots, and so on) to use less expensive, more eff ective
alternatives. In many areas there is a focus on the reliable advertising method of
handbill distribution. If you live in an area with a high concentration of people on
foot, near a mall or in a large city, you can create a handbill distribution service
that forms a signifi cant part of your clients’ marketing strategies. You will need a
crew of people to do the actual distribution, and you should carry out spot checks
to see that they are actually handing them out and not dumping them. If all goes
well, you will be able to earn some extra cash.
What You Need
Th e fl yers with which you advertise your own business are about the only cost for
a handbill distribution business, aside from what you pay to your crews. You may
need to carry insurance for work-related mishaps; check with your agent. Expect
to bill between $5–$10 per dropoff or location; add extra for those jobs involving
more time and eff ort.
Keys to Success
Th e simplicity of this business has great appeal. It’s person-to-person, face-to-face. Creating
a business that is an almost pure service can be very satisfying to those who love
to make something out of nothing. A lot of your energy will be consumed in marketing
your operation, however, and more will be needed to hire and manage your crew.
126 The 200 Best Home Businesses
Handyman Network
Start-up cost: $500–$1,000
Potential earnings: $20,000–$45,000
Typical fees: 10 to 20 percent of the repair cost; $45–$55 per hour if
you are also providing handyman services yourself
Advertising: Yellow Pages, community newspapers, coupon books,
banner ads on community-oriented Web sites, your own
Web site with testimonials
Qualifi cations: Good communications skills
Equipment needed: Cell phone, van well stocked with tools if you’re going on
calls, too
Staff required: Yes (stable of handymen willing to work on-call)
Hidden costs: Workers’ compensation, tool maintenance costs, liability
insurance
What You Do
A handyman network is the perfect way to fi nd employment for the retired tinkerer.
You’ll run a business similar to a referral service, where you get the call
and then match a fi xer-upper to a customer in distress. You will dispatch one of
your dozen or so handymen to a caller, then sit back and let the work happen.
When it’s done, the handyman will bring you a completed work order and a check
for the service rendered. At regular intervals (typically twice per month), you’ll
cut a check to each handyman for his percentage of each completed job. You’ll
be handling everything from dripping faucets to deck-building or possibly even
roofi ng. Th e possibilities are limited only by your staff ’s capabilities. Make sure
to hire a wide variety of specialists, so that you have enough workers to cover any
anticipated project. If you are handy yourself, you can pick and choose which jobs
you most want to work on and refer out the rest.
What You Need
If you already have a van for carrying your tools and equipment to house calls you
make personally, or if you are simply off ering referral services, you’ll need only
$500–$1,000 to get started in this business. With some hard work and heavy
promotion, you can turn a profi t of $20,000–$45,000. One tip: make sure you
advertise on your van; it’s surprising how many handyman networks get referrals
that way.
The 200 Best Home Businesses 127
Keys to Success
It’s a win-win situation . . . you’re helping out retired and possibly displaced
workers who need to do something to make ends meet, but you’re also helping
a customer solve a problem in his or her home. Th e income is not fantastic, but
it’s respectable, and there’s always room for you to make a few extra bucks if you
personally take on jobs.
Home Business Consultant
Start-up cost: $5,000–$10,000
Potential earnings: $30,000–$45,000
Typical fees: $40–$50 per hour
Advertising: Direct mail to entrepreneurs, networking with
entrepreneurial assistance organizations (such as Service
Corps of Retired Executives), Yellow Pages, newspapers,
banner ads on entrepreneurial Web sites, your own Web
site with some free tips and links to related resources
Qualifi cations: Business degree or previous entrepreneurial experience
Equipment needed: Computer, printer, fax, copier, pager or cell phone
Staff required: No
Hidden costs: Slow payment for your services as many beginning
entrepreneurs have cash-fl ow problems
What You Do
Home businesses are a large part of the burgeoning entrepreneurial marketplace,
and you can cash in on the ground fl oor if you have the expertise needed to help
a home offi ce get off on the right foot. Your biggest challenge will likely be in
locating those thinking about working from home, although there are a few directions
that may prove helpful. One excellent way to fi nd clients is through online
services and work-at-home forums, where you can off er your expert advice free
of charge in an eff ort to get your name and company information out there. You
can also comb the business, professional, and entrepreneurial groups that meet in
your community for potential clients. Once you get a client base going, you will
work with each client on projects that range from advice on computer systems
and offi ce ergonomics to marketing strategy. You really need to be well-rounded
in your realm of experience, as you’ll be giving advice on a wide variety of topics.
Make sure that you focus heavily on the types of equipment a home offi ce might
128 The 200 Best Home Businesses
need, as well as on tips for balancing home and family. Th e likelihood of having
repeat customers is very low, so be on the lookout constantly for new prospects,
many of whom will come via referral.
What You Need
Your launch expenses ($5,000–$10,000) will mostly cover your basic offi ce setup
and some preliminary list rentals so that you can send some direct mail pieces to
folks who work from home. A Web site with some free tips would be a good way
to reach new entrepreneurs, as they will likely be searching for consultants like
you. Expect to earn $30,000–$45,000 once you get established; charge $40–$50
per hour for your services.
Keys to Success
While it may be interesting and even exciting to be part of an innovative young
company’s beginning, it may take awhile to secure payment for your services. If
you can charge up-front, and particularly if you accept credit cards, you’ll have a
much better chance of collecting what your services are worth.
Home Entertainment System Service
Start-up cost: $10,000–$15,000
Potential earnings: $35,000–$50,000
Typical fees: $20–$45 per hour plus parts
Advertising: Classifi ed ads, entertainment magazines and newspaper
sections, referrals, neighborhood fl yers, direct mail, Web
site with links to related resources
Qualifi cations: Electronics skills, knowledge of entertainment systems
operation and setup
Equipment needed: Tools, cell phone
Staff required: No
Hidden costs: Vehicle maintenance, phone bills
What You Do
Home entertainment systems can do wonderful things, but only if they are operating
properly. Simply getting them installed is beyond the skills of many people,
and taking one component out of all the wiring so that it can be delivered to
a store for repair seems impossible. All those jokes about not knowing how to
operate a DVD player really aren’t funny. What they do is highlight your market:
The 200 Best Home Businesses 129
the owners of home entertainment systems that need help getting them together
and keeping them running right. Becoming a home entertainment system service
person means that you have a large but very focused market. Each successful job
ought to lead to referrals.
What You Need
You’ll need tools and possibly an inventory of parts.
Keys to Success
Referrals from individual customers will take you far, and a relationship with a
dealer for service and repairs would also be an excellent marketing tactic. Many
homes have the makings of entertainment centers. If the components were purchased
at a mass market outlet, or even by mail, the owner may well have no one
but you to do the setup and repairs. Your electronics know-how ought to fi nd a
ready market.
Home Health Care Service
Start-up cost: $1,500–$5,000 ($25,000–$50,000 plus royalties of 3–5
percent if buying into a franchise)
Potential earnings: $45,000–$150,000+
Typical fees: $15–$35 per hour or $175 per day
Advertising: Local and community newspapers, direct mail to Baby
Boomers in your community, bulletin boards, Web site
Qualifi cations: Some states require licensing and certifi cation; also, you
may need to be bonded, or cleared by a bonding company
that checks out your background
Equipment needed: Computer, cell phone with hands-free accessories (if
mandated by your state), dependable transportation
Staff required: Not initially, but will need additional home health aides
once business becomes known in the community
Hidden costs: Liability insurance, franchise fees if buying a franchise, state
licensing, chauff eur’s license (in some states)
What You Do
As the Baby Boomers grow older and more of us are living in two-income families,
the need for high-quality home health care services for the elderly will continue
to rise. Some of this care can be provided on a sporadic, as-needed basis for the
130 The 200 Best Home Businesses
relatively able-bodied folks who just need a little assistance from time to time. But
more often, you’ll be working as many as four or fi ve days per week with clients
who need someone to be with them 24/7—feeding, bathing, dressing, and providing
companionship for them as they move through the fi nal phase of their lives.
Th e most profi table way to run a home health care business is to manage other
home health aids and take a cut of their pay rather than going out on calls yourself.
Th is route will aff ord you the most fl exibility too. When you employ others, you
can make money while you sleep. However the downside is you’ll need to pay for
their background checks and perhaps to get them bonded. Regardless of whether
or not you personally provide care services, your clients will receive the best care
from individuals like you who approach their jobs with compassion, understanding,
kindness, and the ability to mix friendship with business seamlessly. Not everyone
is capable of providing this specialized service eff ectively and reputably.
What You Need
As a home health care aide, the most important ingredient in your business is
compassion for others. However, the second most critical element is dependable
transportation, because when your clients need you, they really need you. Keep
your vehicle in good working order at all times, and keep your cell phone with
hands-free accessories (if mandated by your state) handy and well charged too.
You’re going to be using it a lot.
Keys to Success
You could decide to join a franchise business in the home health care fi eld. Since
it is such a competitive industry, you may fi nd that the name recognition as well
as start-up support (which can include state licensing assistance) could really be
worth the initial investment.
Home Inspector
Start-up cost: $30,000–$40,000
Potential earnings: $50,000–$75,000
Typical fees: $200–$400 depending on size of home
Advertising: Yellow Pages, real estate publications, local newspapers,
networking with real estate agents, banner ads on Realtor
and home-buying Web sites
Qualifi cations: Th orough knowledge of home construction and building
codes or experience in contracting and building, license or
permits in some areas
The 200 Best Home Businesses 131
Equipment needed: Electrical tracer; circuit tester; gas detector; basic tools
such as screwdrivers, fl ashlights, and ladders; computer;
fax; printer; cell phone
Staff required: No
Hidden costs: Insurance, telephone bills, association dues
What You Do
In this litigious society, home buyers, sellers, and Realtors are all looking for the
best protection they can get. Learning the condition of a home up-front from a
third-party professional insures that buyers will know just what kind of home they
are purchasing before the sale is complete and, in some cases, even prevents them
from making a poor investment. Unfortunately, home inspectors are often targets
for litigation, too, so look into certifi cation and licensing requirements in your area
and protect yourself by either incorporating or affi liating yourself with a franchise
organization. Whichever you choose, your work will change on a daily basis, as
you’ll be moving from one home to another to inspect everything from the condition
of the wiring to shingles on the roof. You’ll be checking off items in a large
binder as you proceed, and this is what you will leave as a permanent record for the
potential home owner. It’s a necessary service in this buyer beware kind of market.
What You Need
Mostly, you’ll need the funds to either develop your own or secure permission
to reprint the information contained in each binder you provide your customers.
Th is business will be much easier to get up and running eff ectively, and in a shorter
period of time, if you pay a franchise fee (anywhere from $30,000–$50,000) to an
already established company in this fi eld. Th at way, you’re also protected legally.
Keys to Success
Don’t underestimate the value of contact with real estate agents. Many of your
best referrals will come from them. Likewise, thorough and honest inspections
will result in satisfi ed home buyers, a valuable source of word-of-mouth advertising.
You’ll have lots of face-to-face contact with them, so excellent communication
and people skills are a must.
Home Preparation Service
Start-up cost: $500–$1,500
Potential earnings: $25,000–$50,000
Typical fees: $25–$50 per hour
132 The 200 Best Home Businesses
Advertising: Local real estate publications, community newspapers,
bulletin boards, direct mail, coupon books
Qualifi cations: Handyman skills, an eye for decorating detail
Equipment needed: General home repair tools, a large enough vehicle to
transport ladders and landscaping equipment (if you off er
these services)
Staff required: No
Hidden costs: Liability insurance, advertising
What You Do
What can you do if you are ready to sell your home, but lack the time and energy
to do what’s necessary to get it ready for potential buyers? You hire a home preparation
service, of course. Such a service can patch the walls and spruce up the paint,
improve curb appeal with some quick and easy landscaping tricks, and provide
advice on eliminating clutter that might turn potential buyers away. Should you
launch a home preparation service, you will likely fi nd customers through advertising
in community newspapers under “Home Services” in the classifi ed section.
Once you get going, you can do some direct mailings to your local Board of Realtors,
who should be able to off er a dozen or so good referrals at a time. Keep in
mind that they are often the fi rst to see homes that aren’t in pristine selling condition,
despite protests to the contrary from the current owners. A good realtor, if he
or she knows about your services, can be the perfect “rainmaker” for your business.
Make a “home checklist” to help you determine what needs to be done quickly and
effi ciently. Th is can also be used to provide the customer with a written estimate
of how long the job might take.
What You Need
All you really need, besides some fl yers or business cards and a few classifi ed ads, is
a general home repair tool kit. Depending on the extent of your services, you may
need to add on everything from ladders and gardening tools to cement and paint.
Having an account at a local hardware store will help you purchase what you need
until your client reimburses you.
Keys to Success
It might be a really good idea to have lots of “before” and “after” photos in a portfolio
that can be shown to potential clients so they can see the dramatic diff erence your
service can make. Better yet, put those photos on your Web site, along with free tips
on how to get organized for a move. You’ll be surprised how quickly your phone
will start ringing once people recognize the benefi t of using a service like yours.
The 200 Best Home Businesses 133
Homeschooling Consultant
Start-up cost: $300–$1,000
Potential earnings: $15,000–$45,000
Typical fees: $25–$45 per hour
Advertising: School boards, Yellow Pages, local newspapers, Web site
with links to resources
Qualifi cations: Degree in education, teaching certifi cate
Equipment needed: Books, teachers’ guides, monthly planners
Staff required: No
Hidden costs: Mileage
What You Do
Communication, organization, and the ability to juggle several things at once are
needed in this fi eld. Your job will be to set up the school curriculum and schedule
classes for parents who seek to teach their children at home instead of in public
or private schools. You could consult for a parent who doesn’t want the child in
the school system for religious or intellectual reasons or whose child has to be out
of school for a long period of time due to illness or injury. If you are establishing
a new curriculum, you will need the ability to evaluate the child’s skill level. If
you are helping the student who will be out for a long period, you will have to
communicate with her school on a regular basis.
What You Need
Start-up is low after you have obtained your degree. Be prepared to buy books
up-front and be reimbursed for them later. Charging $45 per hour on a regular
basis could earn you up to $45,000 per year.
Keys to Success
You may need to join a national, state, or local education association program
in order to get a job. Th is business allows for excellent, high-standard teaching
without all the hassles of dealing with a classroom. You don’t have to answer to a
boss and if you fi nd you don’t care for the environment, you can quit. Networking
is a defi nite necessity, but with enough contacts, you could fi nd yourself with
year-round work.
134 The 200 Best Home Businesses
Image Consultant
Start-up cost: $1,500–$5,000 (depending on equipment choices)
Potential earnings: $20,000–$50,000
Typical fees: $50–$200 per session
Advertising: Classifi ed advertising or ads in women’s or business
newspapers, bulletin boards, coupon books, direct mail,
Web site with free tips
Qualifi cations: None except to be a good example yourself
Equipment needed: You may wish to use a computerized video system to
demonstrate what your suggestions will look like on your
client as well as a cell phone for those “fashion emergencies”
Staff required: No
Hidden costs: Mileage
What You Do
How many times have you seen a misguided soul wearing colors that should only
be on a fl ag or makeup that dates back to Cleopatra’s time? Did you have the guts
to pull that person aside and off er suggestions on self-improvement? Probably
not. Yet that is exactly what image consultants are paid to do. Particularly in the
business world, people are concerned about the way they come across In fact, aside
from brides, your most common clients are likely to be those embarking on career
changes or job searches, including recent college graduates. Your mission: to help
them make a more positive impact on others through look and attitude. In some
respects, you will be like the mother who tells it like it is: “You should wear cool
blues instead of muddy browns, which make your face appear yellowish.” If you are
fashion-minded and have an impeccable sense of balance and color, you are likely
to fi nd clients nearly anywhere. You may not know this: Image consultants can
also coach clients and lead presentations, seminars, and workshops on etiquette,
verbal/nonverbal communication, and “professional presence.” Th ese are addedvalue
services that can help you become known as an expert in your fi eld. Once
you do that, why not write a book to sell at your workshops, or as required reading
for your clients? Th ere’s a built-in market potential for you.
What You Need
If you’re just starting out, you really needn’t invest in much more than mirrors,
color swatches, and makeup samples. Once you become a little more established,
however, you might add on innovative pieces of equipment such as a computerized
video system that “morphs” changes on a picture of your client. A good place to
The 200 Best Home Businesses 135
set up shop in a heavy-traffi c area would be a mall kiosk. Carts can be rented
for $300–$500 per week, but the attention might be worth it. Also, wouldn’t it
be interesting to form a cooperative marketing venture with a related (but noncompeting)
business, such as a hairstylist or resume service? You could each off er
discounts for the other’s service as an incentive for clients to buy your own.
Keys to Success
It is fun to play “dress-up” with people who are in the mood for a change, but keep
in mind that these people are probably going through some emotional changes
that prompted them into action. Be careful, then, of hurting their feelings. Coach
and encourage rather than criticize.
EXPERT ADVICE
What sets your business apart from others like it?
Janet Neyrinck, Image Consultant and Certifi ed Color Analyst in Akron,
Ohio, says her business is set apart by the fact that it off ers many services. “We’re
not just trying to sell makeup; our goal is to create a total harmonious image,
including everything from dress and makeup to hair color. We believe in ‘personality’
dressing.”
Things you couldn’t do without:
“I need to have my makeup kit and, most important, my fabrics (for color
draping). Th ese are the basis of everything I do.”
Marketing tips
“Be out there, be everywhere you can and introduce yourself. Also, be prepared
to do a lot of research before buying your equipment.”
If you had to do it all over again . . .
“I think that before I’d commit to one method or company’s approach to
image consulting, I would investigate all of the options out there. I would check
the Directory of Image Consultants and ask others what’s worked for them.”
Incorporation Service for Businesses
Start-up cost: $500–$1,000
Potential earnings: $25,000–$45,000
Typical fees: $175–$300
136 The 200 Best Home Businesses
Advertising: Yellow Pages, business publications, direct mail to
entrepreneur groups, classifi ed postings on online services,
banner ads on entrepreneurial Web sites, your own Web
site with information about why incorporation is a good
idea for business owners
Qualifi cations: A good working knowledge of incorporation law
Equipment needed: Computer, cell phone, fax, legal forms, business cards
Staff required: No
Hidden costs: None
What You Do
With more business start-ups than ever before, the need for quick, inexpensive help
in forming a corporation is greater than ever. Many people who consider starting
a business simply have no idea which form of business is more advantageous for
them. A nice benefi t to incorporating is that you are personally protected from any
lawsuits fi led against the company. In other words, you probably won’t lose your
house or car. You’ll be networking with entrepreneurial groups to fi nd clients in
need of your services or fi elding calls from your advertisements, then meeting with
the client(s) to fi ll out the necessary, and often straightforward, forms required by
the government. You may also have to set up the client’s Employer Identifi cation
Number. You’ll present them with their corporate package, which will include
easy-to-fi ll-out forms such as the Articles of Incorporation, any minutes from
board of director meetings, stock certifi cates, and so on. Essentially, you’ll be getting
a company started on the road to greater growth potential.
What You Need
Advertising will be your largest out-of-pocket expense (between $500–$1,000).
It would also help you to have business cards for networking (add another
$100–$200). But you could charge as little as $175 and as much as $300 for
your services, depending on your area or the size and complexity of the client
company.
Keys to Success
If you like working day in and day out fi lling out the same forms, this job could be
just what you’re looking for. If, on the other hand, you thrive on excitement and
variety, perhaps you should look into starting a business that specializes in putting
together business plans.
The 200 Best Home Businesses 137
Insurance Agent
Start-up cost: $10,000–$15,000 (more if you buy into a franchise)
Potential earnings: $45,000–$60,000
Typical fees: Commissions range from 20 to 35 percent
Advertising: Cold-calling, membership in community groups, radio,
newspapers, community publications, billboards, your
outdoor sign (of course), Web site with some free tips
Qualifi cations: License, experience, outstanding selling ability, affi liation
with a particular company
Equipment needed: Offi ce furniture, computer, cell phone, suite software,
printer, business card, letterhead, envelopes
Staff required: No
Hidden costs: Membership dues, errors and omissions insurance
What You Do
As an independent agent, you will need to develop a focus or specialty to set
yourself apart in the crowded fi eld of insurance sales. One possibility is business
insurance, with a special focus on insuring home-based businesses. Dedicated
service to your customers is essential in distinguishing your business from the
competition. You will be working closely with individuals and small organizations,
and you will depend on your fi nancial expertise and your ability to listen to the
wants and needs of the buyer. If you can fi nd a way to help people and companies
manage their risk appropriately without making them feel pushed or confused,
you will be performing a useful service. You will be earning your agent’s commission
many times over.
What You Need
Knowledge and experience are far more important than equipment, although you
will need a computer system that can be networked to your corporate headquarters
if you’re affi liated with or own a franchise. In that case, your start-up costs
will be considerably higher (potentially $50,000–$75,000 for training, licensing
the company name, and heavy advertising), but you’ll get the support you need
instead of having to go it alone. However, should you decide to go it alone, you
can expect to spend between $10,000 and $15,000 for your basic offi ce setup,
some advertising, and the fees you’ll use to take your exam. Either way, your commissions
should net between 20 to 35 percent and ultimately lead to an income
potential of between $45,000 and $60,000 or more.
138 The 200 Best Home Businesses
Keys to Success
Once you become established, you will have an excellent business that can support
your family and possibly make you rich. Being successful in this type of enterprise
requires excellent selling skills, up-to-date information on fi nancial issues, and long
hours of hard work. You’re using people skills and numerical facility intensively.
Most of all, you’re unwilling to be discouraged if the fi rst 100 sales calls are “no’s.”
Interior Designer
Start-up cost: $3,000–$5,000
Potential earnings: $30,000–$50,000
Typical fees: $50 per hour or a fl at, per-job rate
Advertising: Yellow Pages, newspapers, networking with builders/
contractors, Web site with extensive gallery of your work
Qualifi cations: Some states require certifi cation; you should be a member
of at least one professional association related to this fi eld
Equipment needed: Swatches, sample books, catalogs, computer, cell phone or
pager
Staff required: No
Hidden costs: Phone bills, which can run high in the beginning as you get
set up with distributors and manufacturer’s representatives
What You Do
As more people buy older homes with fi x-up potential, there is more work for interior
designers who are skilled at fi lling spaces with dynamic statements. Do you
read Metropolitan Home regularly? Are you addicted to the latest home fashions
and accessories? If so, you may make a fi ne interior designer. But the work is more
than plaster-deep; you’ll need the ability to work with builders and contractors if a
room is being redesigned with a specifi c aesthetic eff ect in mind. If you apprentice
with an interior designer fi rst, you’ll gain much more detailed knowledge about
the intricacies and nuances of this business. Personalities are the most diffi cult
aspect of the job; getting others to cooperate and work as a team with a unifi ed
vision is probably your biggest challenge. Keeping up with fast-changing trends is
another. But if you like meeting with people and creating the home of your clients’
dreams, you’ll enjoy the challenges and learn to overlook the diffi culties.
The 200 Best Home Businesses 139
What You Need
Your start-up costs for an interior design service will be in the $3,000–$5,000
range, primarily to cover your fi rst six months of advertising. You’ll need classy
business cards and brochures about your service, so set aside between $500 and
$1,000 for these items alone. Set your fees at $50 per hour (or a per-job basis for
larger work), and re-evaluate your prices after your fi rst year of business. Th e more
clients with money, the higher your prices.
Keys to Success
If you truly like working with people in their most intimate surrounding, this is
the job for you. However, expect there to be challenges. One might be getting too
many clients at once. Another might be clients who request too many changes,
which could wind up costing you money. Set some policies in writing ahead of
time to avoid this situation, such as adding a surcharge for any work that goes
above and beyond your initial agreement.
EXPERT ADVICE
What sets your business apart from others like it?
“I seem to be the remedy person,” says Linda Chiera, President of Studio Space
Design in Akron, Ohio. “People usually come to me after they’ve experienced a problem
elsewhere . . . I’m working on getting them to think of me fi rst!” Chiera feels that
her business is unique in that it provides expert service and assistance with complex
projects. “We learn a person’s work style and incorporate that into whatever we do for
them, whether it be redecorating a home or redesigning their offi ce space.”
Things you couldn’t do without
Chiera couldn’t do without a computer and CAD system, fax, phone, sample
books/resources, tape measure, scale, and business cards.
Marketing tips
“Get sales training and get out there . . . join networking organizations such
as the Chamber of Commerce. And if there’s a mentoring program available in
your area, enlist in it. Off er yourself as a speaker, advertise wisely (knowing your
exact market), and hire seasoned professionals to do the things you can’t.” “Finally,”
says Chiera, “don’t be afraid to make mistakes.”
If you had to do it all over again . . .
“I would have been wiser about target marketing and advertising. I should
have been more careful about selecting the right niche and also should have tried
to become more comfortable earlier on about the selling aspect of my job. I’m
trained as a designer, and sales and self-promotion have been a bit of a challenge
for me until recently.”
140 The 200 Best Home Businesses
Jewelry Designer
Start-up cost: $500–$1,000
Potential earnings: $25,000–$75,000
Typical fees: Some pieces sell for $50–$75; others for thousands
Advertising: Jewelry trade shows, newspapers, jewelry retailers, craft
shows, Web site with e-commerce capability, online
auctions such as eBay and Yahoo
Qualifi cations: Geological Institute of America (GIA) certifi cate may be
helpful but not required; some formal art training and
knowledge of jewelry
Equipment needed: Vices, pliers, jeweler’s loop, magnifying glass, molds,
melting equipment
Staff required: No
Hidden costs: Travel expenses
What You Do
For those who like to create intricate detail with their hands and have an artistic
fl air, this business is ideal. Some people just jump into this with their natural
ability; others who really make it big have some form of formal art training and
have also been picked up by a major distributor. Hit the jewelry trade shows, craft
shows, and antique shows with a vengeance and take a lot of business cards with
you. Having earned a GIA certifi cate will be helpful in that you’ll have studied
diff erent types of precious and semiprecious stones and you’ll be able to price your
pieces appropriately. Th is certifi cate also allows an additional income potential
as a licensed jewelry appraiser, where you assist jewelry owners in assessing their
collection’s worth for insurance purposes.
What You Need
Jewelry has one of the highest markups in the retail world at 100 percent, minimum.
So with a $500 investment, a lot of imagination, and some smart marketing,
you could be well on your way to a fi rst-year income of $25,000. Try to get noticed
by the press, and you’ll nab more business than you can handle because people
really appreciate having one-of-a-kind jewelry.
Keys to Success
Ever hear of the expression the “small but mighty”? Jewelry has been known to bring in
thousands of dollars for a single piece. Here’s your opportunity to cash in on your oneof-
a-kind creation. Since not everyone’s tastes are the same, you can create until you’re
The 200 Best Home Businesses 141
out of ideas (which, hopefully, will never happen). Th e only problem with the GIA certifi
cate is that it’s a six-month program and off ered only in New York and California.
Knitting/Crocheting Instructor
Start-up cost: $100–$300
Potential earnings: $3,000–$15,000
Typical fees: $5–$10 per student per class
Advertising: Craft shows, local library, fl yers
Qualifi cations: Knowledge of knitting and crocheting
Equipment needed: Needles, thread, yarn, fabric and scissors
Staff required: No
Hidden costs: Fluctuating materials costs
What You Do
Beautiful baby blankets, sweaters, and booties have an heirloom quality in addition
to their warmth factor. After all, you don’t buy or make a special, handmade blanket
merely for its practicality. You choose such items for their sentimental value. And what
better way to earn some extra cash if that’s what you already enjoy doing? You could
teach others your craft if you have patience and an eye for detail. You already know
how much time is involved with each project and you can read intricate patterns. If
you can also teach others without winding up doing it all yourself, this job is for you.
Marketing yourself at craft shops and networking with related fi elds will be two of the
most eff ective ways to reel in students. Sell some of your work at art and craft shows
to showcase your abilities. Always have plenty of business cards on hand.
What You Need
If you are giving lessons, you most likely have all the equipment you need. Keep
some extra supplies on hand. Have your students purchase their supplies before
they come to class, which relieves you from making any up-front purchases. Plan
on grossing an average of $10,000 per year for a great sideline business.
Keys to Success
Th is can be a very relaxing venture to do in your home. You get to be creative and
pass down these centuries-old techniques to others. Be prepared to hold class at
hours convenient for your students, including weekends and evenings. On the
downside, there is always the possibility that a student may drop out without
notice. Try to fi ll your classes with more students than you think you need.
142 The 200 Best Home Businesses
Lactation Consultant
Start-up cost: Under $1,000
Potential earnings: $25,000–$40,000
Typical fees: $40+ per hour
Advertising: Doctor’s offi ces, Yellow Pages, visiting nurse centers
Qualifi cations: State licensing or certifi cation; nursing degree is required in
most states as well
Equipment needed: None
Staff required: No
Hidden costs: Mileage
What You Do
Th e womanly art of breast-feeding is not always an easy one to master for new
mothers. For one thing, many new mothers are frightened by the prospect of
having to be completely responsible for another human being; for another, many
hospital professionals are simply not well trained in teaching new moms how to
breast-feed properly. As a result, there are many young women out there who are
breast-feeding incorrectly—and quite painfully so. Your prospects look good for
this consulting business if you are patient and caring enough to show them the
way, and with hospitals increasingly being forced to release mothers and their
newborns in a short period of time after the birth, there will be plenty of room
(and need) for outside professionals. Since many new moms like to share their
positive experiences, word-of-mouth could bring in quite a few referrals.
What You Need
Your start-up costs are minimal; mostly, you’ll need to make sure you have an
adequate amount of resource materials and dependable transportation. For marketing
materials, invest in professionally designed business cards—something that
gives off a warm, caring feeling. Your fees should start at $40 per hour, collected
at time of service.
Keys to Success
It can be stressful dealing with frightened new mothers and helpless fathers; you’ll
need a cool head to deliver this service. On the bright side, once you’ve taught the
mother how to feed her baby properly, the stress level will sharply subside. And
you’ll have at least three happy customers.
The 200 Best Home Businesses 143
EXPERT ADVICE
What sets your business apart from others like it?
Service is what sets apart International Board Certifi ed Lactation Consultant
Barbara Taylor’s Breast-feeding Specialties in Lake Jackson, Texas. “I off er the
added bonus of breast pump rental services as well as one-on-one work with new
moms. Also, I have an extremely high referral rate.”
Things you couldn’t do without
“My own business line with an answering machine; also, my own offi ce
space in my home for professionalism and confi dentiality.”
Marketing tips
“Network with other professionals . . . being in a small town, I often feel cut
off . Most of my networking involves a long-distance call! Also, you need to fi nd
out what mistakes other lactation consultants have made and share ideas with
them about how to promote your businesses as an industry.”
If you had to do it all over again . . .
“It would be much easier to succeed in this business if I had been a registered
nurse.”
Laundry Service
Start-up cost: $100–$1,000
Potential earnings: $20,000–$30,000
Typical fees: $10 per pound of clothes for wash, dry, and iron
Advertising: Local papers, bulletin boards, fl yers, Yellow Pages
Qualifi cations: Knowledge of fabric do’s and don’ts
Equipment needed: Extra-large capacity industrial washer and dryer, ironing
board or a professional press
Staff required: No
Hidden costs: Insurance or “mistake money”
What You Do
Have some business cards handy for this profession and lots of happy customers
to refer additional business to you. You should especially seek out professional
women who simply don’t have the time for laundry detail. Th ere is no other
144 The 200 Best Home Businesses
business where word of mouth can make or break you as much as this one. You’ll
need to be a perfectionist and pay attention to every detail. You should have
a room especially devoted to this venture. Have on hand special laundry soap,
softeners, starches, and clotheslines for drip-dry. If you don’t invest in a professional
steam press, have more than one iron available, just in case. Be sure to keep
all of your warranties up-to-date on your machines, since they are the lifeline to
your business.
What You Need
Overhead may be low (under $1,000) if you already have the machines. Any
washer or dryer in good working condition will do, but the extra-large capacity
will cut your time in half allowing you to do more laundry in a shorter period of
time. Th e large capacity also allows you to do big-ticket items such as comforters.
Since your start-up cost may be low, you could easily make $20,000 or more annually
in 40-hour work weeks.
Keys to Success
You either love or hate to do laundry. Since this is a home-based business, you still
have time to catch a soap opera or talk show and feed your baby. Be prepared to
correct any mistakes, even if they are not your fault (i.e., replace missing buttons,
fi x a shoulder pad, or totally replace the garment). For this reason, keep some extra
“mistake money” on hand. If you make small repairs at no charge, it tends to be
good for business. Th e word will spread about your caring, personalized service.
Lawn Care Service
Start-up cost: $500–$1,500
Potential earnings: $15,000–$25,000
Typical fees: $12–15 per hour or a fl at rate of $50–$75 per job
Advertising: Flyers left in front doors, ads in local or community
newspapers, word of mouth
Qualifi cations: Love for working outdoors and some knowledge about
lawn care
Equipment needed: Power mower, rakes, power trimmer and spreader, pickup
truck or station wagon
Staff required: No
Hidden costs: Insurance, transportation, some equipment rental
The 200 Best Home Businesses 145
What You Do
Most people can squeeze in time to mow their own lawns, but it’s the weeding and
trimming, fertilizing, aerating, and leaf removal that takes up the extra time. By
providing these services, you can rake in profi ts for yourself. Don’t try to compete
with neighborhood youth who mow lawns or with professional lawn services that
include landscaping and related services. Plant your seeds, develop your niche, and
cultivate the business.
What You Need
You’ll shell out at least $300 for basic equipment, more for a power lawn mower.
Double or triple those costs if you decide to have a team of workers mowing a
lawn simultaneously (as is often done). You’ll make roughly $50–$75 per job in
a residential lawn care business; more if handling corporate accounts in addition.
However, your income isn’t limited to what you charge, because many happy customers
also include a tip for your trouble.
Keys to Success
By scheduling some or all of these services with the same customers in the same
neighborhoods, you will save on transportation, time, and rental costs. One day
you might be mowing lawns and another you’ll be aerating. You might have to rent
an aeration roller for $25 a day. But if you schedule aerations in one neighborhood
for the same day, you’ll easily recoup the investment.
Lawyer
Start-up cost: $15,000–$30,000 (less if sharing space and resources)
Potential earnings: $50,000–$80,000
Typical fees: $125 per hour outside the major cities; $175–$250 per
hour in major metropolitan areas
Advertising: Yellow Pages, networking, association memberships, Web
site with your specialty areas highlighted; many legal
restrictions on attorney advertising apply
Qualifi cations: Law degree, persistence, people skills
Equipment needed: Offi ce space decorated in a professional (not necessarily
ostentatious) manner, access to law library, computer with
Internet access, fax, software, laser printer, business cards,
letterhead, envelopes
146 The 200 Best Home Businesses
Staff required: No
Hidden costs: People wanting free advice, insurance, Internet Service
Provider fees
What You Do
Abraham Lincoln did it, so why can’t you? It has been fashionable to mock the
“single shingle” lawyer, but opportunities to join huge fi rms right out of law
school—and make huge bucks—have just about vanished today. One way to use
the degree you have just suff ered through is to start your own business. You create
the clientele, you develop the specialty, you do the billing, you reap the rewards.
Can you fi nd a way to show total commitment to the success of small businesses
in your area? Are you able to disentangle the aff airs of wealthy individuals and
help to keep them in control of their lives? Can you deal with the anguish of
divorcing people and help them manage the separation process through mediation
and negotiation? If you answered yes to any of these questions, you can make a go
of your single-shingle.
What You Need
Many solo practitioners share offi ce space, support staff , and other necessary
costs of setting up in business. You’ll need an appropriate and professionallooking
space in which to meet your clients, and you must produce and store the
paperwork. Spend at least $5,000 on your offi ce and its contents. Include an extra
$2,000 for a high-power computer to make online searches less time-consuming
and, hence, less costly. Bill out at around $125 to start. After your reputation is
as good as old Abe’s, you can start charging like the big boys (and girls) at $200
to $300 per hour.
Keys to Success
Probably the most important factor in your success will be your connections to
the community you hope to serve. Th e average Joe tends to have a negative view
of all lawyers, and you’re going to need to keep struggling against this stereotype.
Building trust is so challenging that you will have little chance for success unless
you start with a network of people who know and like you. Eventually you will
become known as the helpful, skilled lawyer to go to when a need for work in your
specialty arises. Another challenge is that you will be constantly asked to work for
free. Everyone needs a lawyer from time to time, but many people are reluctant
to pay for a lawyer’s experience, expertise, and legal skills. It will be your job to
track hours, send bills, and make sure the funds are collected. Th is is a tedious,
time-consuming process. Consider off ering prepaid legal services, which works
much like insurance.
The 200 Best Home Businesses 147
EXPERT ADVICE
What sets your business apart from others like it?
Stanford M. Altschul, sole practitioner based in Long Island, New York,
says he picked a niche and set about servicing it with free information in the form
of marketing materials such as brochures and newsletters. “I market myself regularly
to my clients, keeping my name in front of them via newsletters, brochures,
and other direct mail pieces I produce myself.”
Things you couldn’t do without
Altschul could not do without a computer and laser printer, telephone,
copier, and fax machine.
Marketing tips
“You should defi nitely be networking with certain industries that will bring
you referral business, such as accounting, real estate, and banking. All of these
professionals are in regular contact with those who need your services.”
If you had to do it all over again . . .
“I made a mistake in being in a partnership that wasn’t a good partnership
. . . It took me over twenty years to fi gure out that I prefer working alone.”
Licensing Agent
Start-up cost: $3,000–$6,000
Potential earnings: $50,000–$100,000
Typical fees: 15 percent of the deal
Advertising: Association memberships, networking, Web site with client
list and testimonials
Qualifi cations: Sales ability, outgoing personality, confi dence, ability to
communicate with technical people, the business types,
and the manufacturing specialists; extensive experience and
contacts in the fi eld
Equipment needed: Computer with Internet access, fax, copier, laser printer,
offi ce furniture, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Insurance, attorney’s fees to draw up contracts
148 The 200 Best Home Businesses
What You Do
Th e licensing agent acts as a go-between, helping a technology-driven company
fi nd a manufacturer for its invention. In addition, you help manufacturers or service
companies fi nd organizations that off er the technology they need. Th e service
provided by a licensing agent is often transnational. For example, you may be fi nding
technology for Chinese companies that cannot develop it locally. Licensing
agents usually specialize in one industry—shoe products, electronic products,
and so on—in which they have developed extensive experience and contacts. Th is
way they already know many people on both sides of the street before they start.
Some technical competence in the fi eld is required, but this can be gained through
experience. Th e other important quality for a licensing agent is patience. You may
work for a long time on several deals, only one of which may pay off .
What You Need
Equipping your offi ce to produce professional-looking reports and to keep in
touch with the rest of the world is the main start-up cost; expect to spend at least
$3,000 on that alone. However, considering that your 15 percent is spread across
a wide range of potential projects, your earnings could be as high as $100,000.
Keys to Success
Becoming a licensing agent is an excellent way for a new entrepreneur to use his or
her contacts from a previous line of work. If you have the sales skills, the contacts,
and the ability to communicate with the “techie” dreamers as easily as the hardnosed
business types, you can build a successful enterprise. Keep in mind that you
will be paid a percentage of the fi nal deal. Th is can take a long time to bear fruit,
and it is essential to have the agreement in writing from the start. Th ere tend to
be a lot of disputes if that percentage turns into big money.
Literary Agent
Start-up cost: $500–$1,500
Potential earnings: $20,000–$60,000+
Typical fees: 15 percent of gross commission on domestic sales, 25
percent on foreign rights, 20 percent on fi lm rights
Advertising: Listing in the Guide to Literary Agents and Art/Photo
Reps; ads in Writer’s Digest and Th e Writer magazines;
networking at writers’ and publishers’ conferences; Web site
with client list, recent sales, and current newsletter
Qualifi cations: Should know a good book a mile away
The 200 Best Home Businesses 149
Equipment needed: Computer with Internet access, printer, fax, copier, phone
system
Staff required: No
Hidden costs: Insurance, copying, postage, long-distance phone calls
What You Do
Th e literary life is indeed a glamorous one, especially if you’re a literary agent.
Imagine entire days fi lled with power meetings at large publishing houses, where
you’re negotiating for the best deal for one of the many writers you represent.
You’ll be off ering everything from the right to publish to fi lm and foreign rights.
Your business may also extend to book promotion, as you could negotiate book
tours and publicity for your client in addition to the sale of the book project itself.
Of course, you would hope to represent that one unknown client who could really
score big in the publishing industry, such as Robert James Waller with his Bridges
of Madison County. Look everywhere for talent, even in remote cities or small
rural towns. No matter how hard you try, realize that not all literary agents can
represent a Stephen King. You should go in with an open mind whenever you look
through the piles of manuscripts and queries on your desk. Th e successes could
really surprise you.
What You Need
Your start-up is relatively low ($500–$1,500) and mostly covers your initial advertising
costs and basic offi ce equipment setup. You stand a good chance of earning
an income of at least $20,000 with you commission, but look forward to making
as much as $60,000 or more if you get that big break.
Keys to Success
On the one hand, you’ll be making a good piece of change hanging around the best
media minds in the business. On the other hand, you’ll have to know when to give
up on a particular project, even if it seems worthwhile. Often in the publishing
world, trends take over and dominate what’s likely to be published. (Remember,
for instance, the mafi a book craze a few years back?) You’ll need to constantly stay
on top of what’s hot.
EXPERT ADVICE
What sets your business apart from others like it?
Marie Dutton Brown, President of Marie Brown Associates literary agency
in New York City, says her business is unique because her agency primarily represents
African-American authors. “We connect clients to the publishing industry
and provide counsel for writers . . . we focus on black life and culture as well as
books of general interest.”
150 The 200 Best Home Businesses
Things you couldn’t do without
Phone, fax, copier, and computer.
Marketing tips
“Start small, think big, and follow your niche,” says Brown. She enjoys the
process of bringing an interesting creative project to fruition and thrives on positive
publicity. She has been profi led by the Associated Press, and that has certainly
been a profi table marketing tool.
If you had to do it all over again . . .
“I would have started with more capital. As it was, I started at home with
only $1,000. It takes more than that to get things rolling.”
Litigation Management Service
Start-up cost: $5,000–$10,000
Potential earnings: $40,000–$75,000
Typical fees: $125–$175 hour
Advertising: Local business associations, advertising in trade journals
and business publications, referrals, Web site with
testimonials and links to related resources
Qualifi cations: Law or accounting background, experience in case
management and billing assessment, litigation experience
Equipment needed: Business offi ce, computer with Internet access, fax,
software, printer, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Insurance
What You Do
For years, Congress has been working to curb excessive litigation with tort reform
acts and related legislation. Th e astronomical costs of litigation are being monitored
closely. For business organizations with a small in-house legal staff or none
at all, you can provide this important cost-management service. Assessing ongoing
billing can spotlight waste, such as duplication of services, under billing, and incorrect
entries. Th is is painstaking work, and often busy in-house lawyers do not have
time to comb through the bills their organization receives from outside counsel.
Th e economic benefi t of having an outside service perform this function should
far outweigh its cost to the organization.
The 200 Best Home Businesses 151
What You Need
Equipping your offi ce to be functional and to present a professional image will be
expensive, between $4,000 and $10,000. You will not be able to run this business
from a corner of your dining room table. You’ll be able to charge around $125 an
hour for your services, so you should be able to aff ord a decent offi ce.
Keys to Success
Th is service is a creative way to utilize a background that combines legal training
with fi nancial and accounting skills. More and more lawyers are competing for a
shrinking number of jobs, but few have the combination of expertise and experience
that will make you a success in this tightly focused service niche. Marketing
your services will be challenging as the concept is new. One success will lead to
referrals, though. You will need to allow yourself considerable time to build the
business. A thick skin is necessary to deal with negative reactions you may receive
from some lawyers whose accounts you are reviewing for accuracy in billing; some
lawyers are notorious for double- and triple-billing.
Magician
Start-up cost: $500–$1,000
Potential earnings: $6,500–$20,000 or more
Typical fees: $50 per two-hour children’s party, $300 per two-hour adult
event
Advertising: Yellow Pages; entertainment section of newspapers;
bulletin boards; networking with civic organizations; Web
site with lots of photos, client testimonials, and an online
booking method for customers
Qualifi cations: Ability to perform magic tricks convincingly, outgoing
personality
Equipment needed: Magic trick equipment, business cards, computer for Web
site management and e-booking
Staff required: No
Hidden costs: Advertising
What You Do
To be a good magician, you must have the ability to perform magic tricks quite
convincingly, despite the audience’s willing suspension of disbelief. You can buy
kits from party centers or entertainment retailers or possibly take a continuing
152 The 200 Best Home Businesses
education course from your local college. Working as an assistant for an established
magician is also a good way to learn the business. Having a good personality
and the ability to work well with people is a strong selling point.
What You Need
Start-up should be minimal. Visit the local library to fi nd books on magic for an
inexpensive way to learn the art. Investing in magic kits from retailers will cost you
a little more. Th e most expensive start-up cost would be to take a class.
Keys to Success
Perform for free at your friends’ parties or children’s school functions to get exposure.
Once your name gets on the streets, start charging for your services. Attempt
to work with your city’s parks and recreation department for leads or a convention
center to get jobs at conferences. Working with an events planner or advertising
agency is another good way to get your own name pulled out of the hat.
Mailing List Service
Start-up cost: $5,000–$9,000
Potential earnings: $40,000–$100,000
Typical fees: 15 to 25 cents per entry (name, address, city, state, zip);
about $1 per entry per year to maintain the list. Mailing
10,000 pieces of mail could cost your client $800–$1,200
Advertising: Contacting local stores, associations, churches, clubs, etc.
to off er to maintain their lists for them; networking in
business organizations; Yellow Pages; direct mail; banner
ads on entrepreneurial Web sites; your own Web site with
testimonials and e-commerce capability (so that customers
can purchase and download lists)
Qualifi cations: Detailed knowledge of postal regulations for bulk mailings,
computer expertise, fast and accurate typing skills, ability
to meet deadlines
Equipment needed: Computer, printer, specialized software, database, post
offi ce permits, offi ce furniture, business cards, letterhead,
postage machine
Staff required: None
Hidden costs: A backup for your computer system in the event of a
disaster
The 200 Best Home Businesses 153
What You Do
Although we all deplore the amount of “junk mail” that is dumped in our mailboxes
each day, the amazing growth of direct mail is going to continue. Th e opportunity
to succeed in running a mailing list service for the companies sending those
materials is tremendous. Start-up costs are low, skills needed are easy to acquire,
and money is there to be made. Your service can include list maintenance, mailings,
creation of lists, list brokering, and even teaching others about mailing lists.
Staying on top of the changing regulations of the U.S. Postal Service is perhaps
the most challenging part of the job. However, software, pamphlets, and seminars
abound to bring you up to speed.
What You Need
You will spend from $5,000 to $9,000 on the equipment and supplies needed
for this business. Depending on your specialty, you may be able to begin for less,
especially if you lease a postage meter machine and some of the other equipment.
Charges will vary for your services, but you’ll need to set two rates from the get-go:
a per-entry fee (usually 15 to 25 cents per name and address) and an annual list
maintenance fee of $1 per entry.
Keys to Success
Mailing list businesses are relatively easy to start and to promote. You can have
as large a customer base as you wish, rather than relying on just a few key clients.
Th e actual work of creating and maintaining the lists is routine, although it does
require attention to detail and great accuracy. A thorough understanding of postal
regulations is vitally important, and the regulations are constantly changing.
Makeup Artist
Start-up cost: $500–$1,500
Potential earnings: $20,000–$40,000
Typical fees: $20–$30 per thirty-minute session
Advertising: Newspapers, beauty salons, bridal consultants, funeral
homes, department stores, Web site with lots of “before”
and “after” photos
Qualifi cations: Eye for color and contour
Equipment needed: Makeup samples and kits, brushes, cotton swabs, a
director’s chair, computer with Internet access
Staff required: No
Hidden costs: Insurance
154 The 200 Best Home Businesses
What You Do
Your services are needed in extremely diverse areas, from the life and action of the
stage to the stately composure of the funeral home. You could off er makeovers for
brides-to-be, new moms, college graduates, and those simply in the mood for a new
look. Or, you could specialize in helping those who are disfi gured due to accident or
illness. Whomever you choose as your clientele, you will need to be familiar with all
skin types and problems, matching your products carefully with each client’s basic
needs. With an astounding array of cosmetic products currently available (even at
wholesale prices), you could produce professional and fabulous-looking results for
just about any client in no time. Study facial structure to know where to shade and
what to hide, and you’ll be on your way to a beautiful new beginning!
What You Need
Your costs are relatively nominal. Start out with some makeup kits and samples,
supplies, and a sturdy chair for your clients to sit on, then add your brochures,
business cards, or fl yers. All of this should cost you no more than $1,000. Add a
little more if you decide to sell the products you’re using, because you may need
to secure a vendor’s license. Of course, if you’re aligning yourself with companies
like Avon or Mary Kay, you will just need to be sure you cover sales tax when you
sell products.
Keys to Success
While you may enjoy the freedom and creativity of being a professional makeup
artist, you may also fi nd the lack of predictable income unnerving. Try to off er
your services to groups to maximize your marketing moments, because the onecustomer-
at-a-time philosophy doesn’t cut it with this business.
Management Consultant
Start-up cost: $5,000–$15,000
Potential earnings: $30,000–$60,000 (average); some make as much as
$300,000
Typical fees: Varies by market and client needs; average of $500–$1,500
per day (can also charge by hour or job)
Advertising: Networking, referrals, creating audio- or videotapes
and CD-ROMs showing your skills, ads in professional
organizations’ magazines and newsletters, brochures, direct
mail, Web site with forecast of future business trends or
free management tips
The 200 Best Home Businesses 155
Qualifi cations: Technical knowledge, expertise, and experience in business
management and operations, good problem-solving skills,
good people skills, excellent communication skills (written
and oral)
Equipment needed: Computer with Internet access, printer, appropriate
software, fax, phone, offi ce furniture, reference books
Staff required: No
Hidden costs: Possibly special insurance, such as errors and omissions
coverage; continuing education
What You Do
Th e Institute of Management Consulting has members handling more than 250
specialties. Professional consulting is a fast-growing fi eld that is only going to
increase in size, and management consulting is the biggest segment of that fi eld.
U.S. companies rely heavily on management consultants, especially in the areas
of compliance (with many government agencies), the introduction of new technologies,
and to take the place of permanent staff as companies become leaner.
Consultants provide many services, from strategy-planning and implementation
to analysis and problem-solving. Many who choose to become consultants are
those with top-level skills and experience. Th ey want the freedom and greater
variety of working for themselves and recognize the world of opportunity that
exists in assisting small, entrepreneurial companies get their businesses off the
ground—not to mention the opportunity to work as a consultant for much larger
companies.
What You Need
Start-up costs will vary according to the requirements of the specialty you choose.
No matter what you decide, however, you will require the basic offi ce and computer
equipment, which could cost as little as $2,500 or as much as $12,000,
depending on the quality and extent of computer equipment needed. You will also
need to budget between $800 and $1,800 for continuing education, association
dues, and reference books.
Keys to Success
To succeed in this business, you must fi rst analyze yourself; decide what sorts
of problems you can solve for a client based on your experience and expertise.
Research the companies or types of companies to which you want to off er your
services to help you discover needs you can fi ll. Network with every contact you
have in your target areas. Remember, though, that not everyone with good technical
skills can be a successful consultant. You need excellent listening and counseling
abilities as well as patience. Not only does it take time to grow your business,
but often it takes considerable time to determine if your eff orts have paid off for
156 The 200 Best Home Businesses
the client. Meeting the challenges of working as a consultant can be fi nancially
rewarding. You will have the opportunity to work on a wide variety of projects and
enjoy helping clients fi nd creative, successful solutions to their problems.
EXPERT ADVICE
What sets your business apart from others like it?
Norma J. Rist, owner of Th e Boardroom Group based in Akron, Ohio, says
her business assists women business owners to become clear about their goals and
to achieve them in a shorter period of time and in an easier way than they otherwise
could have by providing resources and business information in a group setting.
Things you couldn’t do without
“A business phone line, fax, copier, and personal computer. Also, a meeting/
conference room is useful for generating group discussion and participation.”
Marketing tips
“Segment your niche . . . I started ‘Spirit Groups’ for home-based business
owners at the same time so that I could serve a broader population of women
owners and generate more income potential simultaneously.”
If you had to do it all over again . . .
“I would have segmented much earlier.”
Manicurist
Start-up cost: $5,000–$10,000
Potential earnings: $15,000–$35,000
Typical fees: $50 per set of nails (for length additions) and $15 for a
simple manicure or pedicure
Advertising: Newspapers, coupon books, bulletin boards, Yellow Pages
Qualifi cations: Certifi cation in cosmetology or as a nail technician often
required
Equipment needed: Manicuring table with a strong light, credit card processing
equipment (if you decide to accept plastic), and nail
enhancement or beautifi cation products
Staff required: No
Hidden costs: Liability insurance and materials
The 200 Best Home Businesses 157
What You Do
Luxurious nails are no longer for the rich and famous only—brides want them,
society mavens want them, young women want them. You’ll defi nitely make money
from this business if you are a licensed professional with a strong following, mainly
because there are simply not enough really skilled nail technicians to go around.
You will, however, be competing with “nail factories” in local shopping malls; these
service businesses typically employ large numbers of technicians so they can turn
around a great deal of business at a low cost. Position yourself on personal service
and attention to detail. At any rate, you’ll be providing a timeless personal service
for those who appreciate the fi ner things in life. (Translation: don’t be afraid to
charge a little more than you’re worth.) You’ll create beautifully crafted nails that
would make Jessica Simpson green with envy or you’ll simply clean and shape nails
for everyday folks who are in the limelight often (even if it’s only before a board of
directors). Yes, men and women alike use the services of a manicurist, so try not
to forget that in your marketing pieces.
What You Need
Essentially, you’ll need a good, strong table and a bright enough light to work with,
in addition to your nail polishes and assorted nail maintenance equipment. All of
this could cost between $1,000 and $3,000, but add on more if you’re planning to
rent space somewhere. Charge at least between $40 and $60 for acrylic, fi berglass,
or gel nails; $20 for a simple manicure. For silk wraps or tips, charge between $25
and $30.
Keys to Success
If you like working with people from diff erent walks of life, this could be your kind
of business—hands down. However, the community gossip might leave you with
information you’d rather not know.
Manufacturer’s Representative
Start-up cost: $2,500–$9,000
Potential earnings: $45,000–$150,000, depending on your sales ability
Typical fees: Commission basis, usually 5 to 15 percent of product price
Advertising: Cold-calling, networking, presentations, reference
publications
Qualifi cations: Sales experience or expertise in a particular fi eld, good
people skills, an ability to negotiate
158 The 200 Best Home Businesses
Equipment needed: Computer, fax, phone, cell phone, offi ce furniture, business
cards, letterhead
Staff required: No
Hidden costs: Mileage and costs associated with travel
What You Do
Companies are operating with slimmer sales forces these days, creating a need for
outside help with marketing and selling their products. Independent reps can take
on an interesting variety of products to sell, everything from gifts and sporting
goods to chemicals, adhesives, and heavy machinery. Many experts recommend
that manufacturing agents handle eight to ten lines of goods in order to make a
nice profi t. In addition to a thorough understanding of your product’s features
and benefi ts, you also need a solid customer base for each line and enough money
to carry you while you get established, which can take up to a year. Having a
background in the product(s) you represent is the easiest way to succeed. Look
for opportunities with emerging companies, such as those profi led in entrepreneurial
publications and business newspapers. Be sure to include a client list or
background sheet on yourself when approaching new companies. Th ey appreciate
and often require this level of professionalism.
What You Need
Costs start at approximately $2,500 for computer and offi ce equipment. You may also
need a laptop, preferably with wireless Internet capabilities, cell phone to use while
on the road; if so, tack on another $5,000 to $6,000. At 5 to 15 percent commission,
it could take awhile to earn a profi t. But one good customer with the potential for
repeat business is all you need to start building a business that can grow.
Keys to Success
Sales can be one of the most lucrative home businesses of all. Meeting and working
with people can be very rewarding, as can the freedom of choosing the companies
you will represent and setting your own hours. On the downside, repping for a
living can mean long periods of travel and, sometimes, a long wait to be paid for
your services. Also, sales in some fi elds will require you to be aggressive and highly
competitive to succeed.
Can you swim with the sharks—or will you be eaten alive?
Marketing Consultant
Start-up cost: $5,000–$10,000
Potential earnings: $60,000–$150,000
The 200 Best Home Businesses 159
Typical fees: $50 to $200 per hour; $2,000–$4,000 to lead a workshop
Advertising: Referrals; Web site with key marketing trends and links to
related resources, plus testimonials and your client list
Qualifi cations: Broad expertise in marketing or specialization in one area,
business savvy, high energy level, excellent written and oral
communications skills, creativity, persistence
Equipment needed: Laptop, high-speed Internet access, laser printer, fax, copier,
offi ce furniture, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Membership dues, phone bills, Internet service provider fees
What You Do
Customers are the lifeblood of all businesses, and marketing is how companies
attract them. Sales are the end result of the entire marketing process. Developing
ads, writing printed materials and letters, gaining publicity, and designing sales
strategies are all facets of marketing. Just developing a focused marketing plan
is a demanding activity, let alone carrying out the plan. Most executives need
the services of a marketing professional to produce eff ective results. Marketing
consultants supply these services to small companies and fi ll in the gaps left by
downsizing at big organizations. Even though this is the second largest category of
consulting after management consulting, opportunities abound if you can produce
results. If you’re a brand marketing specialist, you can virtually name your price.
What You Need
Marketing materials require a sophisticated and fl exible computer setup ($4,000–
$6,000). You’ll need to be able to produce drafts even if the client’s art department
or an ad agency creates the fi nal versions. You’ll spend an equal amount on marketing
eff orts of your own, including joining associations in which you can build a
strong network. If you’re persistent and have the kind of personality that draws
customers in, you can earn as much as $150,000 a year.
Keys to Success
Above all, eff ective marketing takes imagination. What do potential customers
want, and what kind of message will enable them to see that your client’s product
is that very thing? Knowing how to create these interactions will make you a success
as a marketing consultant, if you combine that expertise with an ability to
scope out your client company. To prove your worth, try to highlight strengths
that they may not have realized they had. You may need to structure the goals for
the marketing plan and get buy-in from the executives before the ads, promos, or
sales letters are developed. Be sure to get a contract with payment milestones in
writing as these projects can take many months to come to fruition.
160 The 200 Best Home Businesses
Massage Therapist
Start-up cost: $1,000–$5,000
Potential earnings: $15,000–$35,000
Typical fees: $45–$60 per hour-long session
Advertising: Newspapers, Yellow Pages, bulletin boards, direct mail to
corporations
Qualifi cations: Must be state-certifi ed in most states
Equipment needed: Massage table, oils and other products, relaxing music
Staff required: None
Hidden costs: Possibly liability insurance
What You Do
If you can’t keep your hands off of anyone, being a massage therapist could bring
you immediate (fi nancial) satisfaction. Seriously, massage therapists are fi nally
entering their own as certifi ed professionals. Th ey must study human anatomy
as clinically and carefully as a paramedic would and must have the ability to make
people relax enough to enjoy the service. With many of us leading increasingly
stressful lives, such professionals should be welcome almost anywhere, from
health clubs to wellness centers and even metaphysical bookstores. Many massage
therapists off er their services to harried executives and visit them on-site to work
out the kinks in their backs and necks. Still others work out of their homes or in
small, quiet offi ces.
What You Need
If you decide to lease a small offi ce, you can expect to spend at least $350 and
up per month on rent alone. Add to that your massage table (about $500) and
some relaxing music, soothing oils, and clean towels (allow another $250 or so
for these). Finally, you must get the word out by advertising to individuals or
corporate clients, so expect to spend about $500 to $1,000 on marketing too.
Keys to Success
Working in a relaxing atmosphere while helping others relieve stress can be positively
exhilarating for you, but it can also be tiring. Are you sure you can stand up
to the physical demands of this business, which usually leaves you on your feet
most of the day? If the answer is “yes,” the rest will fall into place.
The 200 Best Home Businesses 161
Meals to Go
Start-up cost: $1,000 or more
Potential earnings: $25,000 and up
Typical fees: $5–$10 per “run” plus cost of meal
Advertising: Brochures in offi ce buildings, newspaper ads, Web site with
menu options or banner ads on restaurant Web sites
Qualifi cations: Ability to create attractive, healthy, portable meals,
foodservice certifi cation from your state
Equipment needed: Kitchen, cooking supplies and equipment, food packaging,
cell phone (with or without hands-free accessories,
depending on state laws)
Staff required: Part-time delivery person, if needed
Hidden costs: Mileage and other costs associated with travel; check out
legal and health requirements
What You Do
Food delivery to the home or offi ce is an idea whose time has come. Delivering
lunches to offi ce workers is especially lucrative. Busy people will love seeing your
delicious dinner brought to their door as they arrive home after a long day at
work. Th e menus need not be extensive, which simplifi es the operation. You can
“pick up” from a variety of local restaurants or prepare your own meals. Challenges
include safe food handling practices “on the road,” keeping foods hot or cold, as
appropriate, and maintaining on-time deliveries.
What You Need
Th is business isn’t costly to start up, especially if you opt to off er a lunch-only
service. If, for instance, you off er only sandwiches, soups, salads, rolls, beverages,
dessert, you will need very little equipment to prepare the meals. You will need to
invest in packaging for the foods, such as disposable plastic bowls, cellophane or
foil wrapping. Th e cost will vary depending on the foods you’re selling. Create a
fl ier that can be posted in heavily populated offi ce complexes to get started. Always
deliver the next day’s menu with each meal as you drop them off . Make sure your
insurance policy will cover your vehicle while it is being used for deliveries and, if
you are hiring a delivery person, make sure your insurance covers that employee
in your car.
162 The 200 Best Home Businesses
Keys to Success
Most people in the food delivery business get up early in the morning to bake and/
or cook; night owls may not survive! Expect a long day of work, especially if you
deliver at dinnertime in the evening. You’ll need an ability to deal successfully with
vendors and suppliers to keep your costs down and the food quality consistently
high. On the upside, the future is bright for food delivery businesses. More and
more people have less and less time to cook; everyone is tired of the typical fast
food. Start-up costs in most cases are modest, and you can net $70–$100 a day
right from the start. Th e sky will be the limit after that, as you add more routes.
Mediator
Start-up cost: $5,000–$10,000
Potential earnings: $40,000–$65,000
Typical fees: $75–$300 (usually split between the disputing parties); fee
typically includes up to three sessions
Advertising: Yellow Pages, newspapers, bulletin boards, networking
with legal groups, Web site with some free negotiating tips
and links to related resources
Qualifi cations: License required in some states
Equipment needed: Offi ce with comfortable furniture, phones, computer
Staff required: No
Hidden costs: Some cases are more complicated than others; try to see
the writing on the wall when it comes to the bigger jobs.
A skilled mediator will know how to cut to the chase and
keep things moving within the timeframe for which he or
she is getting paid.
What You Do
Th e wave of the legal future is the mediator, especially with the rising cost of
attorneys. While attorneys are paid to reach an eventual settlement, a mediator
looks for ways to settle any disputes with compromise and without going to court.
Because so many marriages end in bitter divorce, mediators have their ripest
ground in the domestic sector. It is in this arena that they can save the parties literally
thousands of dollars in litigation and get to the heart of the matter through
mutual conciliation. Identifying what each party truly wants out of the deal is the
most critical part of successful mediation. Are you skilled at helping people to stop
hurling pointless accusations at each other and at bringing them back to the issues
The 200 Best Home Businesses 163
at hand? Can you help them to see the big picture? If so, you would make a fi ne
mediator. You’re essentially being paid to help fi ghting folks stay out of court. It’s
an admirable profession, and it’s getting to be increasingly profi table.
What You Need
You’ll need a nice, comfortable offi ce, so expect to lay out at least $3,000 for your
“digs.” Next, spend some money advertising in places potential clients typically
look for help (namely, the Yellow Pages). You’ll charge $75 to $300 per job (which
typically includes up to three one-hour sessions) and more if the work extends
beyond that timeframe.
Keys to Success
While this is an admirable and respected profession, it’s still a personally challenging
one. Can you listen all day to folks fi ghting over trivial and petty things (like
who gets the washing machine)? If you’re able to keep them focused on the goal
of an amicable settlement, you’ll do well. But do take time for yourself—you’ll
need it.
EXPERT ADVICE
What sets your business apart from others like it?
Albert H. Couch, a Family, Divorce and Community Mediator for Akron
Family Mediation in Akron, Ohio, says three things set his business apart from
others like it. “We have a full-time commitment to mediation, and a lot of mediators
don’t have that. Second, we cap our fees so that our customers know there’s
a limit to what they’ll spend with us. Finally, we have experience in our fi eld and
are aggressive in promoting mediation in general. When I’m not mediating, I’m
talking about mediating somewhere.”
Things you couldn’t do without
Couch says he couldn’t do without a computer, phone and, most important,
the training he’s had in his fi eld.
Marketing tips
“Learn mediation inside and out, that’s fi rst and foremost.” But the second
most important thing you can do, according to Couch, is to talk mediation with
just about anyone who’ll listen. “Th is is primarily a word-of-mouth business.”
If you had to do it all over again . . .
“I’d spend less money up front on advertising, since so much of my business
comes from referrals. I advise others to get involved in their community and give
as many speeches as you can to promote your business.”
164 The 200 Best Home Businesses
Medical Claims Processing
Start-up cost: $5,000–$12,500
Potential earnings: $12,000–$48,000
Typical fees: Monthly rates of $800–$1,500 per client
Advertising: Direct mail, networking, telemarketing
Qualifi cations: Knowledge of insurance billing including CPT coding,
Medicare and Medicaid regulations, capitation, changes in
legislation and subsequent forms
Equipment needed: Desk, computer with Internet access, printer, medical
billing software, fax, typewriter, CPT coding manual
Staff required: No
Hidden costs: Attending seminars and training sessions if new to the fi eld
What You Do
As regulation of the medical fi eld continues, the number of businesses that simplify
the claims process will also grow. Due to an aging population and a 1990
federal law requiring physicians to submit claims for all their Medicare patients,
many medical offi ces are inundated with paperwork. Th ese trends have created a
great need to hire outside billing services to process the claims and provide various
other services such as invoicing, collecting any co-payments required from the
patient, tracking past due and un-collectible accounts, and answering all patient
questions regarding their claim. A minimum of four to six doctors or practices
is required to remain reasonably profi table. If you are looking for a challenging
opportunity that utilizes computer technology and sharp interpersonal skills, you
will fi nd it in this very promising fi eld.
What You Need
Access to a computer and the Internet and updated medical billing software is a
must to really compete in this market. (Th ese expenses will range from $3,000 to
$5,000.) In addition, allow for hourly wages of additional staff as your business
begins to grow. Be sure to shop around for the best rate on phone service since it
will be used extensively.
Keys to Success
Medical claims processing requires patience and attention to detail. Th e work is
often challenging and interesting due to the ever-changing nature of health insurance
and Medicare. Although selling your services may be diffi cult at fi rst, good
The 200 Best Home Businesses 165
communication skills and persistence will result in lasting relationships with those
doctors whom you service. Once your business is established, processing claims
electronically takes little time and can be done at your convenience. Most importantly,
a successful medical billing service can be quite profi table.
Medical Transcriptionist
Start-up cost: $5,000–$9,000
Potential earnings: $60,000–$80,000 (billing 2,000 hours a year)
Typical fees: $30–$40 per hourr
Advertising: Publications of local medical societies, direct mail,
telemarketing, networking
Qualifi cations: Excellent listening skills; good hand/eye coordination;
ability to use word processing, dictation and transcription
equipment; understanding of medical diagnostic
procedures and terminology; good typing skills; impeccable
spelling; one or two years of higher education
Equipment needed: Computer, high-speed Internet access, transcriber, wordprocessing
software, reference books, business cards,
letterhead, envelopes
Staff required: No
Hidden costs: None
What You Do
According to the American Association for Medical Transcription (AAMT),
there is a shortage of qualifi ed transcriptionists. Th is job is in demand for two
reasons. First, many insurance companies are requiring transcribed reports before
they will pay doctors or hospitals. Second, transcribed copy provides health care
professionals with the necessary documentation for review of patients’ history,
legal evidence of patient care, data for research, or to render continuing patient
care. Since turnaround time of transcription is a primary concern for health care
providers, increase your competitiveness by off ering pickup and delivery, sevenday-
a-week service, same-day service, and phone-in dictation service.
What You Need
As many as one or two years of education may be required if you have little or no
experience. Computer hardware and software will run you anywhere from $1,900
166 The 200 Best Home Businesses
to $5,000 and a transcriber unit from $200 to $800. Do not forget that this job
requires hours of sitting in front of a computer; a good chair and a desk at the
proper height are smart investments.
Keys to Success
Medical transcribing can become somewhat monotonous. You must possess high
levels of self-discipline and focus as you work. In addition, the demand for faster
turnaround times occasionally necessitates working nights and weekends. On the
other hand, medical transcription work is steady and resistant to recession! Th is
fi eld is still expanding; there’s always work for trained transcriptionists.
Meeting Planner
Start-up cost: $2,500–$6,500
Potential earnings: $25,000 to start; possibly as high as $100,000 once
established
Typical fees: $40–$60 per hour or $400–$500 per day; planners
handling large events such as conventions may get 15 to 20
percent of the overall projected budget for the entire event
Advertising: Networking with convention and visitors’ bureaus, caterers,
and travel agents; ads in meeting trade publications; Web
site with tips, resources and testimonials
Qualifi cations: Excellent organizational and negotiation skills; attention
to detail; good business background; good communication
and troubleshooting skills
Equipment needed: Offi ce and computer equipment, high-speed Internet
access (for using online meeting resources such as WebEx.
com), fax, cell phone, PDA, reference books, business cards,
stationery, envelopes
Staff required: No
Hidden costs: Phone calls
What You Do
You can have a great career as a meeting planner if you like handling the myriad
of details involved in planning formal events and if you have the organization,
negotiation, and communication skills necessary to pull it off . Corporations, associations,
conventions, and trade shows are all potential sources of business. As
companies become leaner, employees can no longer be spared to plan meetings.
The 200 Best Home Businesses 167
Also, meetings and events are increasingly viewed as great sales and marketing
opportunities. Th erefore, creative, talented meeting planners are in demand. You
will need to be knowledgeable about many areas, everything from hotels and catering
to travel. You may need to negotiate a block of hotel rooms, fi nd exotic locales
for company meetings, book speakers and entertainers, set up promotions, and
handle all the many small and large details that make for a successful event. In
return, you may get to travel and stay at exclusive resorts and hotels, you will meet
interesting people from many walks of life, and you will have the satisfaction of
seeing people enjoy the event.
What You Need
A computer will cost from $1,000 to $3,000. Additional software, printer, telephone,
and fax will add from $900 to $3,000 or more. Offi ce equipment, reference
books, insurance, letterhead, and so on will bring the total costs to $2,700–$8,500.
Fees are typically $40–$50 per hour or $400–$600 per day. To get more assignments
from the get-go, you should do a few “free” events to give potential clients a
good idea of how spectacular your meetings really are.
Keys to Success
Meeting planning can be very rewarding, but it often requires long days and
hard work. If you are good at handling details, you’re halfway to success already,
because all of those little pieces of the puzzle are crucially important. To hear
about conferences and conventions, plan a civic or charitable event on a volunteer
basis to gain experience. In addition to making sure you have adequate money
for your start-up, bear in mind that a meeting planner’s livelihood is often tied to
economic conditions, since companies may tighten their meeting budgets to cut
costs. However small they may become as a result, meetings and conventions will
always be around, and the trend toward outsourcing them to professional meeting
planners will continue—good news for you!
Message Retrieval Service
Start-up cost: $15,000–$25,000
Potential earnings: $20,000–$35,000
Typical fees: $50–$75 and up per month per client
Advertising: Networking and referrals, Yellow Pages, business
publications
Qualifi cations: A pleasant phone voice
168 The 200 Best Home Businesses
Equipment needed: Computer with word-processing and contact management
software, phone headsets
Staff required: Yes (usually 1–5 employees)
Hidden costs: Additional phone lines to handle more clients, staff salaries
What You Do
Answering services have been around for a long time, but the explosive growth
in small service businesses has made them even more important than ever. You
can take your pleasant phone manner and your good listening skills and create
an excellent business opportunity. Some software allows keyboard entry of caller
information; other newer cell-phone pagers can immediately connect you to the
plumber or consultant who has hired you to be his “home offi ce.” A higher-tech
approach is a voice mail system, with an options menu and the capability of
recording and sharing long messages.
What You Need
Equipment required depends to some extent on the level of service you plan to
off er. If you’re using a phone system including a switchboard with headsets, you’ll
spend at least $2,000 on equipment in the beginning. If you opt for the high-tech
voice mail system, you’ll shell out $5,000 or more. At any rate, you will be billing
a healthy monthly fee of $50 or higher, so the equipment and cost of paying your
staff could pay for itself in a relatively short period of time.
Keys to Success
You have a pleasant voice and care about people. You know how to fi lter out what
is important from the background chatter. No one is better at keeping track of
things than you. What can we say? You’re a natural for this business. On the
downside, this business does tie you down to your desk and phones. You will also
have to work hard at marketing to develop enough customers.
Messenger Service
Start-up cost: $20,000–$45,000 (including liability and accident
insurance)
Potential earnings: $45,000–$60,000
Typical fees: $35–$50 per delivery run
Advertising: Yellow Pages; business publications; promotional items
(such as pens, magnets, or notepads); company name and
number on delivery vehicles, employee T-shirts and jackets
The 200 Best Home Businesses 169
Qualifi cations: Driver’s license (if delivering by car)
Equipment needed: Fleet of delivery vehicles, bicycles or (yes) Rollerblades;
some companies require delivery persons to provide their
own means of transportation
Staff required: Yes (you can’t be everywhere at once, after all)
Hidden costs: Insurance such as liability and workers’ compensation (this
is a high-risk profession, particularly for bicyclists and
Rollerblade delivery people in large metropolitan areas)
What You Do
What happens when you have an important message or document that absolutely,
positively has to be there that day? You call a messenger service to run it over
to the appropriate local business. Maybe the messenger service is made up of a
small fl eet of vehicles or maybe it’s comprised of a bunch of college students on
Rollerblades, skateboards, or bicycles. However you determine to power your own
fl eet, you’ll be wise to invest in safety gear and perhaps even fi rst-aid training for
each of your employees. It’s a dangerous world out there, particularly in the big
city. Even though it is defi nitely faster to deliver an envelope via bicycle as opposed
to a vehicle in a large, congested city, the high cost of personal injury may make this
business a little more costly than you’d anticipated.
What You Need
You’ll need a good fl eet and lots of delivery people to make this one work profi tably.
Ideally, you’ll have a small staff that works quickly enough to tackle several runs
per hour, making your profi t margin higher than most of the larger, better-known
delivery services. You’ll charge $35–$50 per delivery (and may have a surcharge
for speedier runs), so you can expect an income of $45,000–$60,000 per year.
Keys to Success
Make sure your staff is physically fi t, able to handle multiple tasks, and just plain
be quick about it. You’ll make lots of money if your staff can manage to get through
the streets safely and are required to use their own vehicles, Rollerblades, bikes,
and so on.
Mobile Paper-Shredding Service
Start-up cost: $15,000–$18,000
Potential earnings: $20,000–$40,000
Typical fees: $30–$50 per offi ce visit
170 The 200 Best Home Businesses
Advertising: Local business periodicals, direct mail, possibly a Web site
that details the geographic area your services cover and that
includes tips on how to avoid identity theft
Qualifi cations: Marketing skills, excellent time management and
scheduling ability
Equipment needed: Paper shredder, computer, printer, fax, cell phone
Staff required: No
Hidden costs: Vehicle maintenance and repair
What You Do
Mobile paper-shredding services are quite popular in major U.S. cities. It has
always been important to certain types of businesses to maintain security; but this
is becoming increasingly diffi cult to accomplish as valuable information becomes
increasingly easy to access. Some banks, for example, have suff ered great losses
when criminals obtained and analyzed their discarded paper trash. Computer
codes, product information, even customer records are essential to keep confi dential.
Th e value of your service is that it guarantees security; shredding is completed
on the client’s premises so that no possibility exists for loss of data and information.
Shredding can be done by staff , but it is time-consuming and messy. You are
saving time and trouble by bringing your shredding machine to your client’s site
on a regular schedule to perform this necessary but tedious task.
What You Need
You will need a heavy-duty shredder as well (about $300). Charge $30–$50 per
offi ce visit; off er a monthly rate to more regular clients, such as attorneys and
government offi cials.
Keys to Success
Try to get into this business fast if you intend to do so at all, before the crush of
competitors limits your opportunity to make a fair profi t by your labors. Marketing
will need to include considerable education so that your potential clients
become aware of the advantages to their organization of this service.
Modeling Agency
Start-up cost: $5,000–$25,000
Potential earnings: $45,000–$250,000+
The 200 Best Home Businesses 171
Typical fees: 10–15 percent commission on modeling jobs; $150–
$1,500 to train models (depending on your market and
your experience/reputation)
Advertising: Local newspapers, Web site, schools, bulletin boards, direct
mail, participation in local events
Qualifi cations: Experience in training models for runway and portfolios,
connections in the world of media and advertising
Equipment needed: Professional-looking home offi ce, video equipment, music
equipment, photography and portfolio books, business
cards, Web site with extremely high-quality photos
Staff required: Yes, a receptionist/scheduler and perhaps more trainers
(who can work on a commission basis)
Hidden costs: Liability insurance, equipment upgrades, TV/radio ads,
business travel
What You Do
Do you think you can spot the next Gisele or Tyra Banks? Do you have an eye
for that “special something” in child, female or male models? You might be able
to launch a successful modeling agency. Since there are many so-called modeling
agencies out there that try to lure wannabe models into huge fees and even
illicit activity, you will want to work hard to set yours apart as professional and
legitimate. Having a home offi ce in a nice, safe location will go a long way toward
accomplishing just that, but so will a high-quality, detailed Web site that showcases
your agency and its personal, professional service. Such “down-home” touches will
quell the fears of many worried parents—and win over skeptical clients. You will
spend some of your time soliciting new models to join your agency, supervising
photo shoots, and helping your models to build their portfolios. But you will also
spend some time schmoozing with the best advertising agencies in town in order
to secure auditions and well-paying gigs for your models. So plan to be in and out
of your home offi ce a lot.
What You Need
You will likely want to partner with a good photographer to help your models
build strong portfolios, and this may cost you a retainer fee (some of which you
can charge back to the models as part of their sign-up fee with your agency). Since
yours is a people-oriented business, comfortable chairs in your offi ce are also a
must. Don’t forget a computer with digital camera and photo-editing software;
you may also want to design and/or update your own Web site. All said, you could
spend anywhere from $5,000 to $25,000 on starting your modeling agency.
172 The 200 Best Home Businesses
Keys to Success
In addition to networking with ad agencies, you might also consider partnering
with event planners and promoters who specialize in fashion shows. Be sure that
you carry your marketing materials with you everywhere you go. All the world is
a runway, as far as you are concerned.
Monogramming Service
Start-up cost: $5,000–$15,000
Potential earnings: $20,000–$50,000
Typical fees: $3.50–$100 each piece (depending upon items chosen and
number of units/volume discounts)
Advertising: Yellow Pages, local school districts, direct mail to
companies
Qualifi cations: Some sewing skills or ability to operate monogramming
equipment
Equipment needed: Monogramming equipment, business cards
Staff required: No
Hidden costs: Insurance
What You Do
Baseball caps, sweatshirts, and jackets with company logos on them . . . you’ve
seen them everywhere. You have a knack for knits and for transferring a company’s
identity to the appropriate material. Or maybe you simply want to monogram initials
onto towels, blankets, and other home accessories for the marriage-minded.
Whatever your specialty area, you’ll need some equipment and marketing savvy
to get your business off the ground. Silk screening is a good place to start; check
your local art supply shops for information and creative options. For the more
advanced monogrammer, research thermal transfer devices or computer-aided
sewing machines in business and trade publications before making an expensive
purchase.
What You Need
Th is business can be started on a modest budget. However, depending on the
equipment you invest in, you could spend as much as $15,000 or more to get
started. You will most likely need to insure any equipment purchased, plus any
supplies. Expect to earn back your initial outlay in about two to three years, based
on an income potential of $20,000–$50,000 per year.
The 200 Best Home Businesses 173
Keys to Success
Advertising and marketing skills will play an important role in making this business
a successful venture. Monogramming is much more than just initialing towels,
and you’ll need to convey that in every piece of literature you send out, particularly
on your business cards.
Mortgage Loan Broker
Start-up cost: $3,000–$10,000
Potential earnings: $15,000–$50,000
Typical fees: Commission equal to 4 percent or less of the value of the
mortgages placed, paid by borrower
Advertising: Classifi ed ads; real estate magazines; newspapers; referrals;
banner ads on Realtor or home-hunting Web sites; your
own Web site with current rates, online application via
secure server, testimonials and links to related services
(such as title companies, etc.)
Qualifi cations: Extensive knowledge of real estate fi nance, license (in some
states)
Equipment needed: Business cards, letterhead, envelopes, computer with online
access to current mortgage packages and rates, cell phone
Staff required: No
Hidden costs: Advertising, mileage and time making a lot of cold calls
What You Do
Borrowers, both individuals fi rms, who want second mortgages come to you to
fi nd a lender. Th ird, fourth, and even higher levels of mortgages are possible in
certain cases. You may operate entirely independently or work as a subcontractor
with a real estate agent or attorney. You will need to keep putting your message
before the public because, for the most part, each transaction will be with a new
client. Occasionally mortgage brokers fi nd borrowers for lenders, rather than the
reverse.
What You Need
Costs to start can be relatively low ($3,000–$5,000) if you know what you are
doing. All you’ll really need to get going is a good mortgage program and a license
to provide mortgages for hopeful customers. You could earn your fi rst $15,000
easily enough, charging only 4 percent of the total mortgage.
174 The 200 Best Home Businesses
Keys to Success
Once you develop a good reputation, you may fi nd that repeat business from one or
more lenders will bring in an excellent income. But most mortgage brokers focus on
fi nding potential borrowers and then linking them with the dollars. You’ll need an ability
to inspire confi dence and to speak the language of people on both sides of the transaction.
Patience and active listening are also very valuable in this type of enterprise.
Mover
Start-up cost: $1,500–$3,000 (if you already have the truck)
Potential earnings: $20,000 and up
Typical fees: $35+ per hour
Advertising: Classifi ed ads; radio spots; direct mail; fl yers; community
bulletin boards; referrals; simple Web site with contact
information, testimonials and packing tips
Qualifi cations: Physical strength, experience
Equipment needed: Truck, pads, straps, packing materials, computer and
printer (for invoices, Web site maintenance and tax
records), high-speed Internet access, cell phone
Staff required: Yes
Hidden costs: Insurance, truck maintenance
What You Do
To set up a successful small business as a mover, you will need to carve out a niche
for yourself. What can you specialize in? What type of moving service is not readily
available in your community? Th e companies that provide enormous trucks
to move households across the continent are too expensive for a move within the
same community, and they are too hard to schedule. Small household moves are an
underserved market, and meeting these needs in a fl exible, cost-eff ective way could
allow you to fulfi ll your entrepreneurial ambitions. Other local movers specialize
in commercial moving: relocating businesses, offi ce expansions, and so on.
What You Need
Th e truck is the major expense, but you could start out for as little as $1,500 if
you rent one only when needed. And hiring helpers will also cost you. You’ll need
to purchase a decent computer ($1,000) with software to help you manage the
fi nancial and promotional aspects of your business (invoicing, estimating, Web site
maintenance, e-mail, and bookkeeping). Your physical endurance will determine
your earnings, but you should make at least $20,000 in your fi rst year.
The 200 Best Home Businesses 175
Keys to Success
Your market may well be people who originally plan to do their moves themselves
and realize at the last moment that the task is too big. You will need to position
your business so that these frustrated, desperate people can fi nd you easily and
realize that the cost of your service is far outweighed by the value they will receive:
less breakage, no backaches, a faster completion of the move process, and so on.
You will need to inspire confi dence in your customers so that they trust you with
their valuables. An added advantage of doing so is that they will recommend you
to others, and word of mouth will eventually carry your business.
Multilevel Marketing
Start-up cost: $500–$1,000
Potential earnings: $20,000–$50,000
Typical fees: 10–20 percent of sales, plus bonus for new distributors
Advertising: Networking, memberships in business and community
groups, brochure, direct mail, banner ads on
entrepreneurial Web sites, your own Web site with
testimonials raving about the profi tability of your
company; possibly catalogs and leafl ets
Qualifi cations: Sales skills and experience
Equipment needed: Basic computer setup, high-speed Internet access, phone
Staff required: No
Hidden costs: Marketing materials, membership dues
What You Do
Some products don’t seem appealing unless they are demonstrated. Th e classic
example is Tupperware, which just sat on store shelves until the company realized
that buyers needed to be shown how the top is burped to create a vacuum seal.
Many other products, such as cosmetics or lingerie, are sold as Tupperware is,
mostly in group parties. Often a business starts when someone develops enthusiasm
for, and commitment to, a product or company. Th e sales process for that
product or company then seems to happen almost naturally. You should consider
participating in multilevel marketing of a product that has been especially eff ective
for you, such as a line of cosmetics or a nutritional supplement that has made a
diff erence in your sense of well being. You will be selling not only the product, but
the opportunity for others to sell it as well, which is what sets multilevel marketing
apart from direct sales. You’re aiming to maximize your own income potential by
deriving percentages from other salespeople you recruit.
176 The 200 Best Home Businesses
What You Need
Th is is another business where you begin with nothing but your own energy and
commitment (and as little as $500). Soon, however, you’ll need a nice brochure
and Web site to entice potential sales representatives.
Keys to Success
Do you know that you can sell? More importantly, do you love the sales process?
Do you enjoy helping your customers discover products that will improve their
lives? If so, you can make an excellent living in the multilevel marketing world.
However, far more people have tried it than have made the easy millions that are
sometimes promised. You really do have to work very, very hard. You can’t give up
when your fi rst seventy-four eff orts end in no sale. You will have to manage your
time well, and you will have to fi nd a company whose products are worth this
much of your commitment.
Music Instructor/Professional Musician
Start-up cost: $150–$25,000 (depending on whether you already own a
professional-quality instrument)
Potential earnings: $15,000–$70,000
Typical fees: $15–$25 per class per week $150–$500 per event
Advertising: Community newspapers, bulletin boards at local schools
and universities, wedding directories
Qualifi cations: Experience as a professional musician; music degree a plus
Equipment needed: Performance-quality instrument, a piano or tuning fork,
music stands, a metronome, and a room dedicated to
musical instruction
Staff required: No (but you could partner with others for a chamber
group or quartet and split the take)
Hidden costs: Travel expenses, extra strings and related musical supplies
What You Do
Moved by Mozart? Driven by Dvorzak? Whether you specialize in teaching piano,
voice, cello, violin, fl ute or any other musical instrument, you will enjoy fi lling
your home with the sound of music when you are a professional music teacher
and/or musician. Students are always plentiful, especially when you live near a lot
of elementary, middle, and high schools with music programs. Often, there aren’t
enough good teachers to go around, so when you become known for what you
The 200 Best Home Businesses 177
do, your appointment book will fi ll up rather quickly. Still, the young are fi ckle,
and there will always be lots of turnover with your student roster due to lack of
commitment, moves to other cities, or just plain lack of eff ort. Particularly with
the younger set, you will need to work hard to encourage your students to stick
with it, to learn how to discipline and “fi ne-tune” themselves into good musicians.
Off er incentives (such as free movie tickets or a free video of their latest recital) to
keep your students happy and motivated.
What You Need
You will, of course, need a performance-quality instrument. Some music stands,
instruction books, and maybe even a tape recorder would be a good idea as well.
Your students may purchase their own instruction books or purchase them
directly from you (if you have the space to stock some). A good tuning fork and
a metronome to help keep a steady rhythm are the only other items that you will
absolutely need to get started. If you already own a good instrument, you won’t
spend more than $150 to get this business off to a quick start. Just make sure you
bill your students for a set number of lessons upfront and at the beginning of each
month, as music lessons are often the fi rst thing to be cast aside by busy families
or students with wavering commitment.
Keys to Success
Advertising your teaching and performing abilities in community newspapers is often
the best way to generate a strong client list in the beginning, along with off ering your
services through schools and universities. But don’t forget to do a little schmoozing
with party, wedding, and event planners to get the higher-paying gigs. And always
take a full stack of fl yers or business cards with you to each performance. Referrals
can get you everywhere in this business, and that is a Bach you can bank on.
Mystery Shopper
Start-up cost: Less than $500
Potential earnings: $10,000–$20,000
Typical fees: $25–$50 per shopping experience (generally, per day)
Advertising: Personal contact with managers at stores, hotels,
corporations
Qualifi cations: Knowledge of area to be evaluated, being a good actor or
actress so as not to be noticed, being highly observant
Equipment needed: None
Hidden costs: Mileage
178 The 200 Best Home Businesses
What You Do
Mystery shoppers are used in a variety of settings: retail stores, hotel chains, restaurants,
charitable organizations, government organizations, collection agencies,
and banks. Th eir purpose is to observe the business from a customer’s point of
view and to report to management its shortcomings and strengths for the sake of
improving service. A mystery shopper acts like a customer, observing the quality
of the service, looking for employee theft, and even shopping the competition for
valuable information. One of the benefi ts to companies of using mystery shoppers
is that they are less expensive than electronic surveillance.
What You Need
You won’t spend very much at all launching this one, but you probably won’t
become a millionaire, either. Earning $10,000–$20,000 per year would probably
be as good as it gets.
Keys to Success
You might want to stick to a particular industry where you already have experience
or knowledge. Chains would provide continuing business and multiple sites to
shop without being known as a shopper. Provide a written and oral report of your
fi ndings. In some states, mystery shoppers are considered private investigators and
therefore must be licensed. Look into your state’s laws regarding licensing.
Nanny Service
Start-up cost: $10,000–$40,000
Potential earnings: $40,000–$70,000
Typical fees: $20–$35 per hour
Advertising: Yellow Pages, newspapers, parents’ groups, business
associations, Web site with testimonials and information
about your fees and services
Qualifi cations: Business experience, preferably experience in managing a
sizeable staff
Equipment needed: Computer with high-speed Internet access, cell phone, fax
Staff required: Yes (about 20–30 nannies)
Hidden costs: Liability insurance, health benefi ts and possibly
background checks for your nannies (however, some nanny
services require candidates to cover that cost)
The 200 Best Home Businesses 179
What You Do
Not just your average babysitter, a nanny provides daily care for children in addition
to helping with household chores. Obviously, then, nannies should enjoy
being essentially another mom in a busy household. You need to carefully screen
your nanny candidates (including running a background check with the police
to make sure they have a clean record) and match them carefully to prospective
households. Make sure that your client homes fi ll out a questionnaire detailing
their preferences and exactly what kinds of work they expect to have done by the
nanny. Also, since many nannies drive kids to soccer practice or other recreation
activities, be sure that each nanny has a valid driver’s license. Your nannies should
be CPR certifi ed as well.
What You Need
Your costs to start a nanny service are generally quite high for a number of reasons,
including liability insurance, offi ce overhead, and benefi ts. Once you factor in your
advertising costs (a good-size ad in the Yellow Pages and fl yers or brochures for
parents’ and professional groups), you’ve spent anywhere from $10,000–$40,000.
Nanny services are particularly lucrative in large cities, where most of the need is.
Keys to Success
It is a challenge to match the right nannies to each of your clients’ households, but
if you ask all of the right questions up-front, your chances of success will be high.
Nannies are fi lling an important void in the lives of working families, and if the
two-income family trend continues to rise, your service will be among the most
profi table businesses to start.
Newspaper Delivery Service
Start-up cost: $1,000–$5,000
Potential earnings: $10,000 or more
Typical fees: Usually a fl at rate of $150–$300 per week, depending on
size of delivery area
Advertising: Cold-calling
Qualifi cations: Stick-to-itiveness
Equipment needed: Van, canvas bags
Staff required: Yes
Hidden costs: Vehicle maintenance, fuel
180 The 200 Best Home Businesses
What You Do
You will be providing newspaper delivery on a subcontracting basis within a
specifi c geographic area. With morning newspapers being the norm in many
localities, it has become more diffi cult for newspaper publishers to fi nd reliable
delivery people. It is very diffi cult for the preteens who used to fulfi ll this role to
get up way before dawn, deliver papers, and still get through a full day of school.
You take over, delivering one or more routes yourself and hiring a crew to complete
the rest.
What You Need
You may need a van to pick up bundles of newspapers and to drop them off at your
assistants’ routes, but you could get by with just about $1,000 start-up expense if
you already have one. For a part-time job, $10,000 a year to start is easy money.
Keys to Success
Th is is another American classic: a job that depends on hard work (and an excellent
alarm clock) rather than on education, social position, or good luck. You’ll
probably need to have others working with you to earn an adequate return on
your eff orts, and managing others always requires thought and eff ort. Th ere’s no
glamour to the job of delivering newspapers, but it’s good, honest work, and you’ll
get plenty of exercise.
Notary Public
Start-up cost: $100–$200
Potential earnings: $6,000–$10,000
Typical fees: $10 per requested service
Advertising: Yellow Pages, local newspapers
Qualifi cations: License, usually upon recommendation of two lawyers
Equipment needed: Seal
Staff required: No
Hidden costs: Mileage, if you travel to customer locations
What You Do
Notary publics usually add this service on to a related business. Witnessing signatures
and administering oaths will bring you a small fee each time, but you will not
become a magnate by this route alone. A surprising number of transactions must
be notarized, though, so if you can draw in foot traffi c or position yourself next
The 200 Best Home Businesses 181
to a business related to your services (such as a photocopy shop, license bureau,
or post offi ce), it can be well worth the trouble of obtaining the license. Check the
requirements in your area, since they diff er from state to state.
What You Need
Start-up costs are minimal and include only the license fee and your seal (not more
than $500). A sign directing people to your location will bring walk-ins to have you
witness their signatures. Fees are low, but so is the cost of providing the service.
Keys to Success
Why not? What do you have to lose? If people are going to pay notary public fees,
why not have them pay you? Creativity in developing an associated service will
enable you to make a business enterprise out of the enthusiasm for having things
notarized that runs throughout American bureaucracies. Document typing is one
possibility. Dreams of glory may pass you by, but the challenges are negligible too.
Online Auction Consignment Service
Start-up cost: $50–$2,000 (depending on whether you already own a
computer)
Potential earnings: $5,000–$65,000+
Typical fees: Varies, but is typically 50 percent of list price per item
Advertising: Local fl ea markets; garage sales; community newspapers;
ads on eBay, Yahoo, and other online auction sites
Qualifi cations: Ability to use a digital camera and write sales-generating
descriptions
Equipment needed: Computer, digital camera
Staff required: No
Hidden costs: Storage space, time involved in gathering and listing items,
specialized selling software
What You Do
With the success of online auctions such as eBay and Yahoo! Auctions growing
exponentially, it’s easy to see why everybody wants to earn money for items that
are simply taking up space in their attics or garages. But who has the time to photograph
and write the kinds of descriptions that really sell these items, let alone
the patience to manage the sales from listing through purchase and shipping? Even
posting feedback can, at times, be a chore. Th at’s why the business of taking in
182 The 200 Best Home Businesses
other people’s items on a consignment basis makes so much sense. And that is why
you can really make a full-time income if you are good at locating unusual or desirable
items and setting fair prices that take shipping and packaging into account.
If you know your stuff (as well as other people’s), you can easily create a solid
business for yourself with an “online fl ea market.” Millions of people buy and sell
items on eBay everyday, making it a terrifi c marketplace for your consignee’s items.
Just be sure they sign a consignment agreement that spells out your contract to sell
specifi c items over a specifi c period of time for your clients, and what percentage
you will take of each sale for your services. Be sure that your customers understand
that you will remit funds to them once per month to keep your accounting time
from biting into your listing and sales functions.
What You Need
Of course, you’ll need a computer and a good digital camera (preferably with
zoom). If you want to be able to list several items quickly and effi ciently, you
might invest in power-selling software as well. Some auction sites will let you
store your images on their server for free or at minimal cost, but others will not. In
those cases, it may make more sense to sign on with an image hosting service. Th e
technology and service options change rapidly, so it pays to check out any updates
or policy changes on your auction site(s) regularly.
Keys to Success
Th e best online auction consigners have an eye for what sells. Visit local fl ea markets
and collectibles shops to see which items are hottest right now, and keep notes
on their asking prices. Scan auctions for similar items online and set your prices
realistically. Just because you want top dollar doesn’t mean you’ll get it.
Online Marketing Specialist
Start-up cost: $2,000–$4,000
Potential earnings: $20,000–$40,000
Typical fees: Hourly rate of $45+
Advertising: Bulletin Board Services, direct mail, trade journals,
business publications
Qualifi cations: Knowledge of marketing, business savvy, awareness of the
unwritten rules and limitless possibilities out there on the
Internet
Equipment needed: Computer with fast Internet access, printer, fax, offi ce
furniture
The 200 Best Home Businesses 183
Staff required: No
Hidden costs: Internet Service Provider fees, time spent educating client
What You Do
Marketing is always creative; online marketing is even more so. You’ll be creating
the actual marketing approaches for a variety of diff erent businesses to get the
word out on the Internet. So if newness is your bag, then this is your game. Even
more than with conventional marketing, you will need to deliver more than you
promise, to tell more than you sell, and attract the attention of potential customers
rather than push products at them. Th e Internet is the perfect way to inform
people about some products and services, but it is still useless for others. You’ll
spend enough time developing your own markets, but once you do, expect to earn
more of a cutting-edge salary for your toils.
What You Need
Th e ability to create eff ective Internet messages will require increasing levels of
computing power (equipment costs $2,000–$4,000). Expect to spend a pretty
penny initially for online services, because you’ll likely end up subscribing to all
of them in addition to the Internet. You’ll need to see what your work looks like
on diff erent platforms. Subscriptions to newsletters and magazines on the computer
industry are also essential as resource guides; estimate spending at least
$2000 per year to keep up-to-date. You can charge $45 per hour until you feel
you’re experienced enough to command $75 per hour. You may decide to accept
MC/Visa over the Internet, so be sure to include in your price the surcharge for
such capabilities.
Keys to Success
Experience, good sense, and highly refi ned marketing skills will make you successful
at this new game. You’ll need to be persistent in creating your own market
before you can begin creating customers for your clients. You’ll need a high
tolerance for monitor-staring, and you’ll need to watch out for the uncharted
pitfalls that accompany any cutting-edge activity, such as time spent educating
and rewriting.
EXPERT ADVICE
What sets your business apart from others like it?
Tim DiScipio, President of Easton Media Group in Greenwich, Connecticut,
says he has a unique niche in the electronics marketplace. “I’ve got valuable
years of experience in this fi eld; something others can’t claim in a constantly growing
industry. It’s attractive to companies that want someone who’s been in the
industry for a while and knows their way around.”
184 The 200 Best Home Businesses
Things you couldn’t do without
Obviously DiScipio couldn’t do without a fast, powerful computer (or two
or three), but he also needs a DSL line, a telephone, and a fax machine.
Marketing tips
“If you’re going to thrive in this business, you really need to network and
expand your contacts regularly. Everyone in this industry has a diff erent, unique
niche . . . align yourself with the real players who can help you expand to where you
need to be. Stay within your own niche; don’t try to be everything to everyone.”
If you had to do it all over again . . .
“I would have relinquished the time-consuming business operations duties
and focused on my areas of specialty. It would have simplifi ed my problems and
allowed me to remain focused.”
Online Message Board Manager
Start-up cost: $500–$10,000
Potential earnings: $5,000–$50,000
Typical fees: Monthly subscription fees typically start at $10 and annual
fees at $20–$50; most of your income will come from
banner ad sales
Advertising: Online directories and links
Qualifi cations: Online marketing skills
Equipment needed: High-power computer with fast Internet access, fax,
printer, phone
Staff required: No
Hidden costs: Increased server space if your list becomes very popular
What You Do
More and more folks are seeking ways to communicate with others who have
similar interests. If there is no offi cial online message board or interest group on
a subject such as iguana ownership or vintage jewelry collections, your business
can provide one. You would advertise the availability of such a listserv, then post as
many pieces of related information as possible to generate the number of users tapping
into your service. Th e more information you have online, the more you’ll be
able to charge individuals for getting to this data—or advertisers for the privilege
of enticing your list members with banner ads of interest to them. Checking the
messages frequently and removing outdated ones are important aspects of your
The 200 Best Home Businesses 185
service. You will need to make sure that messages are arranged neatly and that any
inappropriate material is removed on a regular basis. Check with major carriers to
familiarize yourself with their message board regulations and any possible charges
you may incur from them for use of their online services.
What You Need
All you will really need to start is a computer (about $1,000) and an Internet
Service Provider (ISP). Online message boards are widely available; the more
popular ones reside at Yahoo.com and Google.com. Be sure you can off er enough
to generate a good audience as well as attract advertisers. Check carefully to avoid
duplicating another service or you may have some problems. What you earn is
directly dependent upon how many people use your service, so make sure your
topic is of wide interest.
Keys to Success
Selling skills and patience are the two vital ingredients here. To gain repeat business,
you have to keep up with the message boards under your care. A large clientele
is needed to make an adequate profi t overall. Remember that some competing
online message boards are off ered for free. Keep your list updated often with fresh
messages, and actively pursue related businesses to solicit banner ads.
Online Retailer
Start-up cost: $50–$2,200
Potential earnings: $10,000–$100,000
Typical fees: Varies
Advertising: Banner ads, reciprocal ads with similar businesses,
collectors’ magazines
Qualifi cations: None; some prior sales experience may be helpful
Equipment needed: Computer, digital camera, strong inventory
Staff required: No
Hidden costs: Storage, shipping preparation, promotions and specials,
processing credit cards online
What You Do
Have you ever wanted to own a retail business, but not wanted the overhead of a
storefront? An Internet store might be a great option for you. It would be wise to
identify a niche fi rst. Do you want to specialize in selling hard-to-fi nd comic books?
Or how about vintage jewelry or cosmetics? Maybe it’s purses or designer clothing you
186 The 200 Best Home Businesses
want to sell? Regardless of your commodity, you’ll need to fi gure out how best to reach
your intended audience. Maybe you post regularly on a free electronic mailing list that
puts you in direct contact with hundreds of potential customers; if so, remember to use
your company name and link to your Web site in the signature line of your postings.
(Blatant self-promotion is not acceptable on most electronic mailing lists.) You should
also consider promoting your business through paid advertisements on search engines
like Google.com to ensure that the link to your store ranks high when customers are
searching for the kinds of goods you off er. Th e money you save in rent and inventory
storage will far outweigh anything you spend on advertising, so do invest your start-up
money wisely on a nice site that makes it easy for customers to do business safely with
you. Th ere are plenty of Internet service providers who can help you set up an online
store in literally minutes. And the good news is, you can even run a store as a side
business to another one so that it provides a second stream of income.
What You Need
You’ll need a computer and a digital camera with zoom and/or a high-quality
scanner at a minimum. It might be a nice idea to print up a few T-shirts with your
Web address on them, and ask family and friends to wear them around town (even
better if you have family and friends all over the country!). You really don’t need
business cards, but you might consider creating nice-looking invoices and packing
sheets with your logo on them. Th is can be done using your own computer, so
your start-up costs are really small.
Keys to Success
Your best bet for success as an online store owner is to align yourself with a supplier
of good products that are sure to be appealing to others and that you can
off er at a discount. If you can work with a distributor who can help you sell $40
perfume for $15–$20 online, you have a very good chance of scoring high on
customers’ lists. And repeat business will be a breeze.
Online Services Consultant
Start-up cost: $4,000–$6,000
Potential earnings: $10,000–$30,000
Typical fees: $50–$75 per hour or $150+ per job
Advertising: Online message boards, fl yers, publications, word of
mouth, banner ads on general-interest Web sites, your own
Web site with computer tips
Qualifi cations: Technical knowledge of hardware and software, good
written communications skills, marketing ability
The 200 Best Home Businesses 187
Equipment needed: PC with high-speed Internet access, at least fi ve phone lines
Staff required: No
Hidden costs: Internet service provider fees
What You Do
As an online consultant, you will assist those in need of specifi c pieces of information
or directions to a bulletin board service (BBS) or other online services such as
search engines, databases and more. You will troubleshoot for them, providing help
in areas where the user is not as knowledgeable. Charges may be for the service
received (employer/job searcher) or the knowledge gained such as the ability to
use a certain piece of software. Some online consultants charge a fl at monthly fee
(typically $8–$10 per month); others have a low fee and add-on charges for time
above a certain amount per month. You may need to send invoices or to obtain
credit card capability to receive payments. Th e easiest way to be certain you’re paid
for your services is to obtain credit card information early in the process.
What You Need
Your initial investment is relatively high, since this is a very technology-dependent
business. A computer, high-speed Internet access are necessary to begin, and a
wireless hub would be most helpful—so that you can have many diff erent online
services running simultaneously. Of course, if you are very familiar with online
message boards, search engines and bulletin board services, you will likely have a
good start on your equipment already.
Keys to Success
In this fast-paced e-world, you can take your enjoyment of communicating online
and make it into a business. Once you have found a niche, a group of potential
subscribers with a strong interest in a topic and an enthusiasm for learning more,
you can use your skills to guide them on their way. BBS subscribers often expect
immediate, or at least rapid, responses from their sysop (system operator), so you
will need to be available several hours each day. Developing a method of charging
that is competitive while bringing in enough income can be diffi cult.
Outdoor Adventures
Start-up cost: $5,000–$10,000
Potential earnings: $50,000–$100,000
Typical fees: $300–$1,000 per person (depending on length of
excursion, group size, and corporate versus individual rates)
188 The 200 Best Home Businesses
Advertising: Magazines with an outdoor or fi tness focus, newspapers,
public speaking on outdoor and environmental issues,
direct mail, banner ads on health and fi tness-related Web
sites, your own Web site with descriptions of your exciting
packages plus client testimonials
Qualifi cations: Outdoor leadership skills and experience, knowledge of the
natural world, fi rst aid certifi cate, excellent planning ability
Equipment needed: Outdoor equipment for yourself and group, van, basic
offi ce setup (including computer, high-speed Internet
access and fax), cell phone
Staff required: Yes
Hidden costs: Insurance, equipment repairs and replacement
What You Do
Th ere are almost as many ways to conduct an outdoor adventure as there are
individual personalities. Broadly defi ned, your business will take groups of people
into the outdoors, camping, hiking, and experiencing the vanishing wilderness as
participants rather than as mere observers. Th e supply of popular, long- established
organizations off ering outdoor programs has not nearly met the demand. Many
small organizations have been very successful in off ering related services such as
corporate retreat planning. Some focus on learning to exist with little material
support in a wilderness environment. Others off er opportunities for self-development,
self-refl ection, or fi tness. Another popular approach is to create group
activities that build relationships of trust for business organizations, college freshman
orientations, and similar groups.
What You Need
Your decisions about equipment will aff ect the cost of your start-up and of your
continuing operations. Advertising will be an ongoing requirement; expect to spend
at least $5,000 on that alone each year. However, if you market yourself well, especially
via the Web to corporations, you can really carve out a mighty fi ne living for
yourself to the tune of $100,000 or more. Plus you’ll have a good time doing it!
Keys to Success
An outdoors adventure business will rely on your love of the wilderness and your
creativity in designing eff ective, appealing programs that allow your customers
to encounter it. But not everyone who can build a camp out of hemlock twigs
and catch mountain trout for dinner is also people-oriented enough to share
their expertise with others. Wet, cold campers with blistered feet are not as easy
to charm as day trippers on a short hike. So emphasize that experiencing and
surviving the full range of challenges builds self-esteem, group solidarity, and an
enduring respect for the power and beauty of nature.
The 200 Best Home Businesses 189
Outplacement Services
Start-up cost: $15,000–$30,000
Potential earnings: $75,000–$150,000
Typical fees: Retainer fees of $1,000–$3,000 per month
Advertising: Yellow Pages, direct mail to human resource managers,
trade shows, promotional items, networking, banner ads
on human resource-related Web sites, your own Web
site with client company testimonials and your unique
selling proposition (i.e., what sets you apart from other
outplacement fi rms?)
Qualifi cations: A background in human resources
Equipment needed: Computer with Internet access, fax, phone, letterhead,
business cards, corporate directories, career counseling/
skills assessment materials, cell phone
Staff required: No
Hidden costs: Insurance, phone bills, and time spent with each client
(they’ll want more of your time than is profi table for you)
What You Do
Th e late ’90s through the early ’00s weren’t exactly kind to much of the workforce.
Unfortunately layoff s still abound in certain industries. Th at is why you need to
promote your services, which help displaced individuals fi nd new work elsewhere.
Read the business pages daily to keep tabs on local companies. Generally, whenever
there’s a bad quarter, a layoff will follow. Your goal is to be the fi rst (or the best)
to approach these companies—at a time just before they actually need you. Your
services can be in place before the downsizing is even announced to the employees,
which is generally the way companies prefer to handle the layoff s. In this way, it will
look like they already have a plan for those employees caught completely off guard.
What You Need
Your start-up costs are likely to be quite high. You’ll need to have a computer
system with high-speed Internet access for doing online job searches and similar
research. Detailed corporate directories alone could run as high as $6,000 per
set. A professional-looking Web site would also be a wise investment. Expect
to spend between $15,000–$30,000 getting started; expect to pull in between
$75,000–$150,000 per year once you’ve established a name for yourself. It’s a
business that can be lucrative for those who have a good reputation. Word of
mouth travels fast in industry these days (especially via e-mail).
190 The 200 Best Home Businesses
Keys to Success
Th e best thing you can do in this business is stay on top of things. Keep an ear
to the ground, perhaps by networking closely with members of the Society for
Human Resource Managers. And always get your promotional materials in front
of the vice president of operations or other key decision-makers before your competitors
do.
Paging Services
Start-up cost: $10,000–$15,000
Potential earnings: $30,000–$50,000
Typical fees: $10–$30 per month
Advertising: Newspapers, radio, TV, direct mail, fl yers
Qualifi cations: Technical skills, organizational and sales skills
Equipment needed: Computer paging system, offi ce furniture, business cards,
letterhead, envelopes
Staff required: No
Hidden costs: Phone bills, insurance
What You Do
No longer limited to a few types of professionals, paging services now appeal to
many businesses and individuals. Parents use them to keep track of children, and
sales people use them to maintain a close link to their offi ces. In fact, almost everyone
who works away from a home offi ce can use a pager to increase productivity
and maintain the highest possible level of responsiveness to customers Th ey’re
more subtle and less disruptive than cell phones. Creative marketing will connect
your new paging services business to these emerging markets. Excellent service
will keep your clients linked to you for their mobile communications needs.
What You Need
Th e required communications and phone equipment is quite expensive ($10,000
and up), and you may need an inventory of pagers as well. Set your monthly rates
competitively to ensure maximum return.
Keys to Success
It will take determination and responsiveness to your market to make your enterprise
stand out from the competition of cell phones that can do virtually anything.
Still, there is a market for pagers in professions where subtlety is still a virtue. How
The 200 Best Home Businesses 191
many times have you overheard extremely personal cell phone conversations in
very public places? Pagers still give users the option to be courteous in an increasingly
discourteous world.
Party Planner
Start-up cost: $500–$1,000
Potential earnings: $20,000–$40,000
Typical fees: $300–$500 per party or 15–20 percent of total cost of
party
Advertising: Yellow Pages; direct mail; fl yers; networking; banner ads
on community Web sites; your own Web site with photos,
party themes, and online booking capability through secure
server
Qualifi cations: Resourcefulness, creative ability, exceptional organizational
skills
Equipment needed: Planning system (hand-held PDA or a good planning book),
cell phone, fax, camera or camcorder (to record parties so
that other potential clients can see the results of your work)
Staff required: No
Hidden costs: Travel expenses, spending too much time on each project
for the amount being paid
What You Do
A party planner tends to all the details for any given social function, from hiring
the caterer, fl orist, and musician(s) or entertainer(s) to addressing and sending
invitations. Planners should have a creative fl air and be able to suggest a variety
of party themes to fi t the occasion. For instance, you could come up with a Caribbean
theme where all the party-goers must dress in tropical attire, all the music
is calypso-inspired, and giant papier-mâché palm trees sprout from the corners
of the room. Or plan a party that is a surprise for your client’s family members,
with a little Sherlock Holmes–style caper for guests to solve upon their arrival.
Whatever your plan, you’ll need to be extremely well organized to maintain a good
reputation, and since your business will grow primarily based on referrals, you’ll
need to keep this uppermost in your mind. More than likely, you’ll put in way
more hours than you should for each job, but the return will be worth it if your
ideas are exciting or innovative and your execution of those ideas is fi rst-class. In
other words, the payoff will be directly related to what you put into it.
192 The 200 Best Home Businesses
What You Need
It’s a good idea to purchase some party planning guides from a bookstore (or
borrow them from the library) and build yourself a Web site that showcases your
themes and talents. Advertising costs will be your biggest start-up expense. Be sure
to get a Yellow Pages ad ($30–$100 per month, depending on ad size) since this
is where many people who don’t know you personally will be apt to look. You can
charge either on a percentage basis (15 to 20 percent of total party cost) or a fl at
fee of $300–$500 per party.
Keys to Success
While getting started, you might want to plan some friends’ parties for free. Th is
will give you valuable experience and build a portfolio, so to speak, of your successes
and innovations. Keep at least a photo album if not a video of your parties so that
you have something to show potential clients when you meet them in person or
participate in local trade shows. Nothing sells better than demonstrated success.
On the downside, expect there to be diffi culties in dealing with the personalities
involved in planning a party. Remember, too, that even though your tastes may be
better than your clients’, they will not always be the prevailing ones.
Personal Assistant
Start-up cost: $100–$1,000
Potential earnings: $25,000–$55,000
Typical fees: $10–$45 per hour or a fl at rate if the service is on a regular
basis (such as weekly trips to the dry cleaners or grocery
store)
Advertising: Local/community newspapers, bulletin boards (especially
at grocery stores), community coupon books, referrals
Qualifi cations: None (but will need a chauff eur’s license if carting people
around)
Equipment needed: Dependable transportation, computer, cell phone with
hands-free accessories (if mandated by your state) and/or
pager, a Personal Digital Assistant (PDA) or some such
tool to keep you organized
Staff required: No
Hidden costs: Fluctuating fuel costs, liability insurance
The 200 Best Home Businesses 193
What You Do
You are supremely organized. You can tell people where, when, and how to fi nd
virtually anything in your city, and people often look to you as their personal errand
service. So why not make a business out of it, off ering such services to others in your
community? You won’t need much to get started, except for a strong desire to help
others solve their problems and get things done. How many times have you heard
from people that they could get so much more done if they just had the time to do
it? You can be quite a valuable person in the lives of many a harried professional,
handling everything from picking up laundry and dry cleaning to grocery shopping
or assisting with vacation plans. Your work will be diff erent each day, as well as for
each client, so the challenges are many and interesting. On the downside, you may
need to put in a lot of hours to make a good living, at least in the beginning. Once
you become more established and start getting more referrals than you can handle,
it’s time for the personal assistant to hire a personal assistant.
What You Need
You will need a decent computer with Internet access so that you can use a good
search engine to fi nd all the resources you’ll need quickly and effi ciently. More
than that, you’ll need a cell phone with hands-free accessories (if mandated by
your state) to be in constant communication with your clients. Th ey will almost
always want you to do that “one more thing” before the day is done. A PDA would
be most handy in keeping your fi les handy while on the road.
Keys to Success
Stay organized by investing in a good goal-setting or time-management software
package. You will always be juggling so many diff erent tasks, and you will wear
many hats for your diverse client list. Don’t forget to pencil in some time off to
de-stress and re-energize, as you are your own best product and service.
Personal Development Coach
Start-up cost: $1,500–$5,000
Potential earnings: $50,000–$150,000
Typical fees: $150–$350 per client per month typically, 1–3 phone calls
per month are included, with unlimited client access to you
via e-mail
Advertising: Community and local business publications
Qualifi cations: Certifi cation depends on interest area
194 The 200 Best Home Businesses
Equipment needed: Depends on area of focus, but in general, a computer
would be handy for research and to develop resource lists
for your clients
Staff required: No
Hidden costs: Ongoing professional development courses, liability
insurance, Web site maintenance and updating, networking
What You Do
Right now, there are thousands of people who work too hard and don’t have
the balance they need in life to help them set and achieve their goals. As a personal
development coach, you can help them attain new heights as healthy, well
adjusted, and more fulfi lled human beings. You likely have a background in counseling,
education, human resources, or even theology. As a coach, you will off er
your clients personalized goal-setting in addition to daily, weekly, or monthly
motivation. If you are a licensed counselor, you can also off er psychological or
emotional counseling. You will start with a detailed questionnaire to help your
clients recognize what’s lacking in their lives, and then you will co-develop an
actualization plan that seeks to signifi cantly improve their lives. To do this most
eff ectively, you should fi rst go through such training yourself. Th e International
Coach Federation (www.coachfederation.org) off ers training and professional
development and can help you to fi nd a good coach to teach you all you need to
know about being a good coach!
What You Need
Training and certifi cation will be your biggest start-up costs, ranging anywhere
from $3,000 to $5,000. Certifi cation, although pricey and not yet mandatory, is
highly recommended since it will give you instant credibility. Use a search engine
with the keywords “coaching certifi cation” or visit CoachU.com to learn more
about the process involved in becoming a good personal development coach. Of
course, if you’ve spent a lifetime working as a productivity, fi nancial, or image
consultant and feel you have the know-how and reputation, you can forego the
certifi cation and hang your shingle out for immediate business. Just keep in mind
that the International Coach Federation is pushing for a credentials program
with formal training and certifi cation. You may still need to do it at some point
in your career.
Keys to Success
Th e best way to break into this fi eld is to fi rst fi nd your own coach, a good one
who can serve as a teacher and mentor. Keep in touch with your coach as you
develop your new business. Even psychologists visit other psychologists after they
establish their practices, and it can always help you to stay on top of your game.
The 200 Best Home Businesses 195
As a personal development coach, you may fi nd that you have a tendency to be a
sponge that absorbs your clients’ issues and clouds your own. Having someone else
to talk to will help you keep your head on straight, which will only allow you to
off er better advice and guidance to your clients. Take care of yourself as you help
others learn to take care of themselves.
Personal Instructor/Fitness Trainer
Start-up cost: $100–$1,000
Potential earnings: $20,000–$65,000
Typical fees: $50–$75 per hour
Advertising: Business cards, brochures, fl yers, bulletin boards in health
clubs
Qualifi cations: Experience, physical fi tness, knowledge of equipment and
CPR
Equipment needed: Membership to a gym or your own equipment if you want
to work out of your home
Staff required: No
Hidden costs: Mileage and travel time needed to meet clients where they
work out, liability insurance
What You Do
Do you keep yourself physically fi t, have a great personality, and enjoy teaching
others? If you answered “yes” to all three, pull out those business cards and start a
personal trainer business. You’ll have to market yourself like a pro. Give seminars
about being fi t and cover the benefi ts of working out to get your name and face
out there in this highly competitive occupation. Experience will be on your side.
Remember, you are marketing yourself and motivating others to become physically
fi t at the same time, so you must be in excellent physical shape and condition.
Be prepared to work out alongside your clients if they request it, teaching them all
the latest ways to get and stay in shape. Keep a couple of before and after photos
of yourself and others whom you’ve helped tone and shape. Create a video and sell
it through local health clubs.
What You Need
Start-up costs can consist solely of a gym membership; or, if you want the client
to come to your home, you’ll need a full set of equipment including free weights,
Nautilus, and weight training equipment. Th at could send you into the $100,000
196 The 200 Best Home Businesses
range for start-up costs. You have the potential to stay in shape and make a decent
living in the range of $20,000–$65,000 or more, depending on how affl uent your
clients are.
Keys to Success
How many people can say that going to work relieves stress? Not only can you
have fun and stay in shape, you get to have a social life on the job. Working out
has become very social and everyone can do it, but the downside is, a client may
quit without warning. Some people consider working out to be seasonal, so you’ll
really have to go out there and establish a good client base.
Personal Shopper
Start-up cost: $500–$1,000
Potential earnings: $10,000–$25,000
Typical fees: $20–$40 per hour
Advertising: Brochures, classifi ed ads, personalized notes to busy
executives, Web site with testimonials and rates
Qualifi cations: An eye for a great deal and the ability to match gifts to
personalities
Equipment needed: Dependable transportation, cell phone
Staff required: No
Hidden costs: Mileage
What You Do
Do you consider yourself to be the “shopping goddess of the universe”? Are you
able to consistently choose tasteful and well-received gifts? If so, this business
could be your dream come true. Many of today’s executives are simply too busy
to spend an hour or two shopping for the perfect gift, so you can do it for them
by off ering your services at an hourly rate. You’ll need to make sure that the client
provides you with some method to purchase the gifts or arrange for the items to be
held for pickup by the client. Build a strong network of places to shop; familiarize
yourself with every gift/specialty store, retail store, and fl orist in your area. You’ll
need this vast resource (and plenty of catalogs) to come up with refreshingly new
approaches to gift giving. Another part of your business might be purchasing
items for busy executives themselves; they could provide you with a personalized
size (and preference) card, then send you off on a buying odyssey.
The 200 Best Home Businesses 197
What You Need
Brochures and personal notes sent to managers of large corporations are a good
way to introduce yourself and your services. Be sure to stress the advantages of
using a shopping service (chiefl y, the time-saving and money-saving factor), and be
clear in the beginning about the way you bill. Th en you’ll need to start collecting
catalogs, visiting malls and unusual shops, and combing the newspapers for sales.
Your clients will expect you to know everything possible about shopping, so take
the time to prepare!
Keys to Success
If you only want to do this job part-time for individual clients, you won’t make as
much as you would working full-time for large companies. Be sure that you bill
on an hourly rate rather than a per-job basis; otherwise, people may try to take
advantage of you. Diffi cult situations may occur when the client isn’t happy with
the purchase, but you should be able to return anything you buy. All in all, the joy
of spending other people’s money is hard to resist—it gives you all the pleasure
with none of the guilt.
Pet Grooming
Start-up cost: $5,000–$10,000
Potential earnings: $25,000–$40,000
Typical fees: $30–$60 per pet-primping session
Advertising: Yellow Pages, direct mail, community bulletin boards,
referrals from vets
Qualifi cations: Experience, patience, knowledge of animal behavior
patterns, familiarity with the grooming standards of
diff erent breeds
Equipment needed: Grooming table, clippers, brushes, combs, bathing tub/
shower accessories, shampoos, dryer, detangler, hair bows,
business cards
Staff required: No
Hidden costs: Supplies could get out of hand
What You Do
You have to really love animals to consider this business. But if you enjoy working
with pets—many of whom may not enjoy taking a bath—you can build a
decent business providing these services. Pet ownership increases each year in this
198 The 200 Best Home Businesses
country, but people have less free time than ever to groom them. What Afghan
owners can really manage to comb out their pet’s entire coat every day, as the books
recommend? White poodles need considerable grooming to present themselves
in a clean, fl uff y, well-trimmed coat. Aside from the pet’s appearance, good health
practices dictate cleaning and brushing the coat regularly. Once you establish rapport
with Rover, you are likely to have regular repeat business from his owner.
Giving cats their fl ea baths is another popular service (to the owner, defi nitely
not to the feline). As an add-on, consider selling pet supplies and/or specialty
products for the pampered pet.
What You Need
Trying to do all this in your family bathtub is a poor idea. To make a go of the business,
you’ll need the setting and equipment to do a professional job without breaking
your back. Th is may set you back around $10,000, but you stand a good chance of
earning it all back in a year or so if there aren’t many competitors in your area. Charge
between $30–$60, depending on whether you’re in the country or in a large city.
Keys to Success
You may not be the only pet grooming service in your community, but you can
be the best. You can off er pickup and delivery services, specialize in terrier coat
stripping or caring for poodles, and leave each “patient” happy and sweet-smelling.
You’ll need to make your customers feel that your service is the one that they
can’t live without. Th is is hard, physical work, but each grooming session leaves a
beloved pet looking better—until he can get outside again.
Political Campaign Manager
Start-up cost: $1,000–$5,000
Potential earnings: $30,000–$150,000 or more
Typical fees: Monthly retainer of $1,500 (if you’re a beginner); $5,000–
$10,000 per month if you’re a seasoned pro
Advertising: Boards of Election; direct mail to local government
offi cials; Web site with your credentials and testimonials;
business cards and eff ective, well-produced brochure
Qualifi cations: Law or strategic public relations background and a love for
the sport of politics
Equipment needed: Cell phone, computer with DSL line, fax, printer
Staff required: No
Hidden costs: Errors and omissions insurance, mileage, phone bills
The 200 Best Home Businesses 199
What You Do
Can’t get enough of the latest political races? Addicted to campaign media coverage
at all levels of government? If your answer is, “yes,” you should seriously
consider launching a business in political campaign management. A recent survey
conducted by the Center for Congressional and Presidential Studies at American
University discovered that nearly 50 percent of political consultants made at least
$100,000 a year. But you really do need to build a name for yourself fi rst. You will
initially spend a great deal of time immersing yourself as a fi xture on the local
or state political landscape, getting to know everyone who’s anyone, and making
sure that you stay in regular contact with them as you build your business. Once
you’ve been hired, you can expect to work on crafting a complete campaign plan
that includes everything from fundraising to booking and writing speeches and
from advising the candidate on how to handle the media to rounding up muchneeded
volunteers in every area possible (basically, meetings, meetings, and more
meetings). At the community level, nearly all of your eff orts will be grassroots.
However once you begin to build a track record (or become connected to an infl uential
politician who’s bound for bigger and better things), you can expect to be
hiring others to work on your team as fi nancial, ethics, and media advisors. At that
level, you will become nearly as powerful as your candidate.
What You Need
Since this is largely an image business based on your ability to strategize eff ectively,
your biggest expense will likely be wrapped up in your own promotional materials.
After all, how can you advise politicians on self-promotion if your materials
leave a lot to be desired? Expect to spend anywhere from $1,000–$3,000 on the
essentials (cell phone, computer, and so on) and at least another $2,000 on your
business cards, brochure, and Web site.
Keys to Success
You are your own best consultant. Be sure all of your materials are top-notch, and
that you are above reproach. Many a good political campaign strategist has fallen
victim to scandal because they were so busy coaching the candidate, they forgot to
watch their own backs. Keep all of your dealings at the highest level of integrity
possible.
Pool Maintenance
Start-up cost: $15,000–$30,000
Potential earnings: $30,000–$50,000
Typical fees: $75–$150 per total cleaning/shocking treatment
200 The 200 Best Home Businesses
Advertising: Flyers at pool sales and service centers, direct mail coupons,
Yellow Pages, local newspapers
Qualifi cations: Knowledge of maintaining and repairing inground and
aboveground pools
Equipment needed: Pool cleaning equipment (water vacuum, hose, etc.) and
chemicals, cell phone
Staff required: No
Hidden costs: Insurance, phone, transportation
What You Do
Many people like the convenience of owning and using a pool, but who really
likes the maintenance that pools require? You do—and you can earn a living
providing this necessary service for busy pool owners who simply don’t have the
time (or energy) to clean or repair pools. You’ll clean, repair, chemically shock,
and maintain each client’s pool. You’re selling convenience and peace of mind to
the luxury-minded. Of course, you’ll do better if you’re located in a part of the
country, where pools are common such as the Sun Belt. In cooler climes you may
have to off er your services in a wider geographic area to support your business, and
that would mean increased travel expenses to and from customers.
What You Need
You’ll need the right cleaning equipment and chemical supplies to stock your van
with; expect to spend at least $15,000 on all of these items from the outset. However,
at $75–$150 per cleaning job, you could stand to make some decent money
cleaning and maintaining pools. Spend a few hundred dollars on business cards to
leave behind for repeat business and referrals.
Keys to Success
By off ering excellent service, you can build a customer base. Remember to call
these people back periodically for repeat business. Th at follow-up could reap you
thousands more dollars in the long run.
Printing Broker
Start-up cost: $1,000–$3,000
Potential earnings: $35,000–$50,000
Typical fees: 10 to 15 percent commission on sales
Advertising: Yellow Pages, trade publications, direct mail, cold calls, referrals
The 200 Best Home Businesses 201
Qualifi cations: Printing sales background
Equipment needed: Cell phone, computer, printer, fax, copier
Staff required: No
Hidden costs: Insurance, mileage
What You Do
For those who are inexperienced in the world of printing and publishing, a printing
broker can be a godsend. Relying on an extensive background in printing sales,
a printing broker can actually save the client hundreds or thousands of dollars in
printing costs by shopping for the best (and most current) rates. Th e broker does
not work for one specifi c printer, but represents all of them, in a sense, because
he or she will off er a client the best going rate without sacrifi cing quality. Clients
could be anyone from advertising agencies to community newspapers and book
publishers. To be successful, you’ll need to have a natural sales ability and the
technical know-how to get printing jobs accomplished. You’re servicing two sides
here: the customer who needs a brochure or book printed and the printing house.
If ink is in your blood, this could be a terrifi c opportunity for you.
What You Need
Your start-up costs are only $1,000 to $3,000, because you’ll only need to have a
basic offi ce setup and some advertising to get things off the ground. With a printing
background, complete with contacts, and some heavy shoe action, you could
make $35,000–$50,000 per year, especially if you can build a solid reputation
with documented savings for your clients.
Keys to Success
Your contacts will make or break you in this business; always be honest and
reputable, and you’ll reap the benefi ts threefold. Why threefold? Because your
satisfi ed clients will tell at least two other contacts about your services and how
much money you saved them. On the sour side, you could wind up spending a lot
of your own time trying to negotiate deals that don’t materialize. And that means
you’ll have to eat the related costs.
Private Tutor
Start-up cost: $500
Potential earnings: $15,000–$20,000
Typical fees: $10–$20 per hour
202 The 200 Best Home Businesses
Advertising: Classifi ed ads, Yellow Pages, word of mouth (school
principals would be a good group to network with), banner
ads on sites like www.craigslist.org
Qualifi cations: Teaching experience or degree in area of expertise
Equipment needed: None
Staff required: None
Hidden costs: Mileage
What You Do
Since classrooms are getting larger and larger, many students’ needs are getting
overlooked. Your services may be needed to bring a struggling student up to speed.
Perhaps the best part about this type of business is that it is recession-proof! As
long as there are students, there will be a strong need for capable individuals to
guide them to scholastic success. Determine where your area of expertise lies and
meet with teachers in this subject to ask for referrals. Once you get a few clients,
word of mouth will grow quickly. You may fi nd that you need to network with
other tutors to build referral systems of your own. At any rate, as a tutor you
will fi nd out the student’s needs (probably in a written report from her teacher)
and develop lesson plans tailored to those specifi c needs. Try to make the lessons
interesting and empower the student so that each success feels like her own.
What You Need
Purchase a few used textbooks (preferably with teacher’s guides) and buy yourself
some good books on learning challenges and motivation to succeed. To be a good
inspiration to your student, you’ll need to demonstrate your own willingness to
learn. Your only other start-up cost will be advertising, and that will generally stay
under $500.
Keys to Success
Encouraging a young student’s success while fostering a thirst for knowledge can
be richly rewarding if you are genuinely interested in education. Helping a student
overcome what seemed like an obstacle off ers you—and the rest of the world—
optimism about our own possibilities. Aside from an occasional obnoxious child,
what’s there to hate about that?
Product Designer
Start-up cost: $10,000–$20,000
Potential earnings: $50,000–$150,000+
The 200 Best Home Businesses 203
Typical fees: Varied according to project; can be as low as $500 for a
simple design sketch to several thousand for a complete
design/technical layout with product specifi cations
Advertising: Direct mail, Web site with photo gallery of your work and
links to related services with whom you are affi liated
Qualifi cations: Degree in product design
Equipment needed: Computer, computer-aided design (CAD) software, digital
camera or scanner
Staff required: No
Hidden costs: Insurance, excessive changes in product specifi cations (make
sure you’re clear on what’s expected—and get it in writing)
What You Do
Behind every good product is a strong design team. If you have a reputation for
quality product design done quickly and within budget, you could off er your
services to such a team on a contract basis. If you can accomplish all of that, you
stand a very good chance of building lasting relationships with product manufacturers.
Th ey’ll depend on your fl air and expertise to pull off challenging products.
Your experience in design for manufacturability (i.e., designing products with the
manufacturing team’s constraints in mind) will be a valuable commodity among
your clients. Th ey appreciate working with professionals who understand that
good design isn’t just artistic; it’s practical, too.
What You Need
You’ll need to invest between $10,000–$20,000 in a high-end computer with a
large monitor and a computer-aided design (CAD) software package. Mac computers
are superior to PCs for designers. Since most of the people you might work
with probably use Macs, compatibility issues can be minimized. Your advertising
budget will be virtually nonexistent, because your area of expertise depends heavily
on word of mouth. If you are successful in building the kinds of contacts you’ll
need to survive on your own, you’ll be making anywhere from $50,000–$150,000
or more. Obviously if you’re working for large, well-known manufacturers, your
earnings will be on the high end because these companies are more apt to pay big
bucks for quality design.
Keys to Success
Your work will not always be your own. Since you’ll be working on a contract basis
most of the time, you will often be brought in to solve design problems or pick
up where another designer left off —not the biggest outlet for your creativity, but
an opportunity to be a creative problem-solver nonetheless. Th e work is solid, it’s
demanding, and it’s profi table for the talented.
204 The 200 Best Home Businesses
Professional Organizer
Start-up cost: $500–$1,000
Potential earnings: $25,000–$45,000
Typical fees: $25–$40 per hour
Advertising: Write articles for your local newspapers on time
management and/or organizing space; WelcomeWagon.
com; direct mail coupons; conduct seminars through local
community continuing education; network; a Web site
with some free tips
Qualifi cations: You must be a highly organized person by nature, with
drive for effi ciency; knowledge of systems, furniture,
products, supplies and accessories are a must
Equipment needed: Pager or cell phone, computer
Staff required: No
Hidden costs: Mileage, cell phone bills
What You Do
Most organizers specialize in at least one of fi ve areas: space planning (organizing
offi ce arrangement of furniture, traffi c, lighting, noise, and leisure space); time
management (setting goals, developing action plans, scheduling, and delegating
tasks); paper management (organizing the steady fl ow of information materials
by setting up fi ling and retrieval systems, sometimes with the aid of a computer);
clutter control (fi nding the proper and effi cient placement for things to keep clutter
to a minimum); closet/storage design (organizing closet and storage space).
Choose one or two and market your services accordingly. Th is business would
thrive in highly urban areas with busy professionals who want their home life to
run as smoothly as the offi ce. And it’s much more fun to organize other people’s
lives than to run our own!
What You Need
You’ll spend at least $500 or so on business cards for networking, but that’s almost
negligible considering that you’ll be charging $25–$45 per hour for your expertise.
Keys to Success
Look into the National Association of Professional Organizers for more information.
Hook up with an organization that conducts seminars, and off er your
services as an instructor. Th is can supplement the income of your consulting
service rather nicely.
The 200 Best Home Businesses 205
Property Management Service
Start-up cost: $3,000–$6,000
Potential earnings: $25,000–$50,000
Typical fees: $25 per hour or a monthly retainer of $500–$2,500
Advertising: Classifi ed ads, referrals, memberships in community and
business real estate groups
Qualifi cations: Experience in the fi eld, related degree helpful, outstanding
management skills, good ability to communicate and
work with people, knowledge of basic bookkeeping,
understanding of building maintenance issues
Equipment needed: Offi ce furniture, computer with Internet access, suite
software and possibly specialized property management
software, cell phone, printer, fax, business cards, letterhead,
envelopes
Staff required: No
Hidden costs: Insurance
What You Do
Th is is the business for someone who likes juggling a thousand balls at one time,
pulling many diff erent pieces together, and keeping track of the people and data
that go with the projects. If you’re good, you’ll become indispensable to the owners
of the properties you manage, and you’ll have a well-established enterprise that
will keep you busy and well rewarded indefi nitely. Why are good property managers
so valuable? You maintain all the fi nancial records for each property, which
include income and expenses, bills, and taxes. Skill at auditing bills is extremely
valuable just by itself. Th e ability to keep repair and maintenance schedules up to
date is essential, so you will need to be able to pay great attention to detail and
also have the people skills required for relating to the individuals who carry out the
work on your buildings. Collecting rents is another central piece of this puzzle.
What You Need
Your own offi ce needs to support you well, especially in communicating to building
owners, repair personnel, and tenants. A cell phone will be handy as you travel
from site to site. Your computer, which will cost around $3,000 to start, will be the
tool used most for tracking all the fi nancial information related to the properties.
Depending on your location, you should make at least $25,000 annually.
206 The 200 Best Home Businesses
Keys to Success
Th e owners of properties—your clients—will need to place great responsibility on
your shoulders. Th ings can degenerate very quickly in a poorly managed building.
Once the fi nancial records become tangled, it can be very diffi cult to bring them
into order or even to learn if the expenses are exceeding the income. You are asking
your clients to have a large amount of confi dence in you, and marketing these
services successfully may depend on how well you can engender that sense of trust.
It may be, however, that you will only need a few clients. Th is is one small business
where constant marketing may not be necessary.
Public Pay Phone Service
Start-up cost: $5,000–$10,000
Potential earnings: $20,000–$30,000
Typical fees: $50 a day for each telephone installed in high-traffi c areas;
$25–$30 per day in low-traffi c areas
Advertising: Flyers, bulletin boards, visible installation locations
Qualifi cations: Communications technical skills, marketing ability
Equipment needed: Pay phones, installation equipment
Staff required: No
Hidden costs: Insurance, repairs
What You Do
In many locations across the United States, it is extremely diffi cult to fi nd a pay
phone that actually works. Small businesses are fi nding this niche in the huge
telecommunications market. If you have telephone-industry experience, you may
be able to ride this trend and create a viable business enterprise as a means of
supplemental income. An extremely refi ned marketing sense and skill at linking
your callers to the network of major phone company services will defi ne your
ability to make a go of this. Some franchises are available.
To set up a public pay phone service, you need to fi rst contact manufacturers
of the phones to secure inventory. Equally important is your contact with the
public utilities commission in your state. Th ere may be regulations with which you
will have to comply, so do your homework ahead of time.
Prepaid phone cards, which can be imprinted with an advertiser’s information,
are a related method of building business with a service like this one. For
instance, many retail shops off er prepaid calling cards with their logo printed on
The 200 Best Home Businesses 207
the card; it’s a good way for many companies to keep their name in front of their
customers. You can market the same capability to companies, and then contract
with a specialized card production house to fi nish the work.
What You Need
Costs may be relatively high for a small business, depending on the type and
confi guration of services you plan to off er. Plan to invest at least $5,000 in this
start-up; and, if you decide to buy into a franchise, expect to pay an up-front fee of
$10,000 or more. Earnings are dependent upon phone location and usage; prepaid
phone cards generally retail for $5 and up.
Keys to Success
Th is business will allow you to express your marketing agility to the utmost extent.
It can be a real high to play the game that most people think is available only to
telecommunications giants. Th e risks are signifi cant, though, and there are a large
group of businesses out there off ering alternative types of communication services,
from pager services to online bulletin boards.
Public Relations Consultant
Start-up cost: $5,000–$10,000
Potential earnings: $35,000–$75,000
Typical fees: $50–$75 per hour; a bid-per-job basis could range
anywhere from $500–$15,000 or more; a monthly retainer
would be in the range of $1,000–$5,000
Advertising: Networking and personal contacts, speeches before
business or community groups, volunteer work for
nonprofi t organizations, telemarketing, a high-end Web
site with portfolio of client work and glowing testimonials
Qualifi cations: Strong communication and telephone skills, assertiveness
and persuasiveness, ability to deal eff ectively with abstract
concepts, high energy level
Equipment needed: Computer with Internet access, printer, fax, desktop
publishing software, telephone headset, multiple phone
lines with call-forwarding and conferencing features,
offi ce furniture, business cards, letterhead, envelopes,
cell phone and subscriptions to online press release
distribution and tracking services such as Bacons.com
and PRNewswire.com
208 The 200 Best Home Businesses
Staff required: No
Hidden costs: Slow starting time; expect two years before profi t
What You Do
As with so many other fi elds, the demand for PR is growing. At the same time,
corporations are cutting their public relations staff s down to a few good, but
extremely overworked, people. Work is defi nitely being farmed out, so public
relations is ideal for a home-based business. Relationships with clients take
time to develop, though, and depend in part on your network of contacts in the
media. When a small company has a breakthrough new product, when advertising
is too expensive, when an organization needs to get its message across to the
public, or when a negative situation occurs that needs a positive spin, your PR
services can be invaluable. To attract media attention and interest, you will need
outstanding writing and speaking skills, a healthy dose of creativity, awareness
of what the diff erent types of media (trade journals, the nightly news shows, and
so on) are hungry for, and an ability to put all the pieces together. It’s fun, yet
tough to do well unless you’re an animal at networking with infl uential media
types.
What You Need
A very well-equipped offi ce is a must, and you will need to present yourself and
your business at the level of polish and professionalism you are selling for your
clients. Expect to spend at least $4,000 on your offi ce and equipment; bill at least
$50–$75 per hour for your expertise. Don’t forget to reserve some of your best
PR work for yourself. Invest in some creatively produced collateral materials (brochure,
business cards, and Web site).
Keys to Success
For creative, dynamic, and above all energetic people, public relations is a
wonderful fi eld. If you thrive on relationships with many diff erent individuals
and organizations and love the stimulation of constant change, you should
consider making PR your business. As a solo practitioner, you’ll start with
small projects and gradually expand your network and contacts to take on more
complex projects. Not everyone has the skills and attributes to make a success
of PR, although many people are out there trying. You will need to produce
results. Realize that your business will take tremendous time and eff ort to
grow. Marketing your own services must be a priority even as you complete
one project after another for your clients. Media representatives can be fi ckle;
getting publicity for your clients will require new angles and ideas each time to
catch the media’s attention.
The 200 Best Home Businesses 209
Publisher of Personalized Children’s Books
Start-up cost: $5,000–$15,000
Potential earnings: $20,000–$40,000
Typical fees: $15–$30 per book
Advertising: Business card, bookstores, preschools, direct mail, fl ea
markets
Qualifi cations: Writing capability and computer aptitude
Equipment needed: Computer with specialized layout and binding software/
equipment, color laser or digital printer, digital camera
Staff required: No
Hidden costs: Editorial and design mistakes
What You Do
Customized picture books can brighten any kid’s day. After all, what could be better
for a kid than reading a story with his own name and photo throughout? With
these picture books, kids can actually be a character in the book they are reading,
and many parents are more than willing to pay money for such a personalized
item. You’ll produce books using one of a few templates, and then simply drop in
the child’s name and photo via computer. Th en you’ll print the books out on the
laser printer, bind them, and package them up for your customers. You can get the
word out by advertising in community newspapers. Or rent a mall kiosk during
weekends or holidays to sell your services directly and in a place where you can
produce products on the spot.
What You Need
Your prices will range from $15–$25, depending on the length of the book. Th ere
will be an initial investment around $10,000 for your basic equipment setup and
paper stock. If you’re not great at creating your own stories, you’ll likely be buying
into a franchise. Expect to shell out a franchising fee of $30,000–$50,000, but
if you do, you may be thankful for the support and the ease of production that
results from such an affi liation. You’ll have to use mockups or prototypes to sell
your services, so don’t forget to include a few sample books in your start-up plan.
Keys to Success
Th is is a fun and entertaining venture. Who wouldn’t love to make a child smile
and get paid for doing it? Th e fl ipside of that is the frustration of working with
diffi cult customers. It goes with the territory, since you’ll likely be in a retail setting.
Be prepared for little tantrums every once in a while.
210 The 200 Best Home Businesses
Rare Book Dealer
Start-up cost: $5,000–$10,000
Potential earnings: $20,000–$40,000
Typical fees: $10–$15 plus a percentage of sale on book (based on your
markup)
Advertising: Yellow Pages, book industry publications, networking with
bookstore owners and managers, Web site, and banner ads
on book club Web sites
Qualifi cations: Good organizational skills and excellent follow-up ability
Equipment needed: Computer with Internet access, printer, fax, phone with
toll-free number
Staff required: No
Hidden costs: Internet service provider package, phone bills
What You Do
Some avid readers will go to extraordinary lengths to fi nd a used or rare book that
they’d relish having in their private collection. Whether you’re providing this service
in addition to running a bookstore (as many rare book specialists do) or running it
as a separate business, you’ll need to be highly detail-oriented and well organized
to make this business profi table. Th e good news is, there are plenty of publications
that you can subscribe to, and these provide monthly listings of what books are
currently available through other dealers. Sometimes, you’ll be lucky enough to
work out an even trade (and maximize your own profi t on the book you’re selling
to the customer). Most often, however, you’ll derive your income from a search fee
($10–$15 in some areas) and a sales commission on the book itself, which you will
have priced accordingly to suit your bank account’s needs. Th e older and more rare
the book, the harder it is to locate. But if you can manage to drum up one yellowpaged
copy, your earnings could be quite high on just one book.
What You Need
It will take between $5,000–$10,000 to get started with your computer and online
searches. Expect to spend $1,000 or so on advertising in your fi rst year. If you are
good at what you do, you could earn between $20,000 and $40,000 per year.
Keys to Success
Th e stress level is actually quite low in this fi eld, and you can search for a book at
your own pace for the most part. However, you don’t get paid as much for looking
as you do for fi nding. Sign on with Web-based services such as www.abebooks.com
to expedite your searches as well as to automate your sales.
The 200 Best Home Businesses 211
Real Estate Broker
Start-up cost: $500–$1,000
Potential earnings: $25,000–$100,000
Typical fees: 20 to 30 percent commission
Advertising: Yellow Pages, memberships in local business and charitable
organizations, local newspapers, Web site with link to
Multiple Listing Service and a showcase area for your own
current listings
Qualifi cations: Real estate license
Equipment needed: Cell phone, computer with Internet access, printer, fax,
copier, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Travel, marketing, subscription to online Multiple Listing
Services, franchise fees
What You Do
As a property broker, you will be focusing on only one part of the residential real
estate agent’s job. You will be doing the basic research rather than carrying out the
entire process through to closing. You will develop a range of choices based on the
buyer interview. Th is gives the agent and the buyer an opportunity to plan, clarify
wants and needs, and consider the fi nancial implications. It is especially reassuring
for families making transcontinental moves to know what choices are available
to them within their price range, general preferences for neighborhood type, and
so on. Your job, essentially, is to match your clients to their perfect home. You’re
diff erent from a relocation specialist in that your territory is limited to your own
immediate community. You provide information on the homes in your geographic
area as opposed to helping clients relocate elsewhere around the country.
What You Need
Start-up costs could be as low as $500, but marketing eff orts will be ongoing
unless referrals or subcontracting can bring you adequate business. You could earn
$25,000 to $100,000 annually.
Keys to Success
You will need to continuously prove that your services add value and don’t threaten
other agents but rather augment their services. Keeping good records of your
eff ectiveness will support your marketing eff orts. Projecting an enthusiasm for
your local area, its diff erent communities, and its varied attractions, will enhance
212 The 200 Best Home Businesses
your work. Th is is a good choice for someone who loves houses and enjoys thinking
about what type of family would choose each one, but who fi nds the sale
process unappealing. Not everyone wants to spend all weekend showing picky
buyers house after house, only to see the sale evaporate. Acting essentially as a
home researcher, you can create a service that suits you as well as it does your
clients. You will send them links to online photos and tours of homes in their
price range, and then connect them with either the listing agent or the Realtor of
their choice.
Relocation Consultant
Start-up cost: $3,000–$6,000
Potential earnings: $20,000–$45,000
Typical fees: $25–$35 per hour
Advertising: Trade publications, networking, memberships in real estate
and general business organizations, Web site, banner ads
on Web sites for human resource professionals
Qualifi cations: Real estate experience; knowledge of your area’s
neighborhoods, attractions, amenities, schools
Equipment needed: Offi ce furniture, computer with Internet access, printer, fax,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Phone bills, membership dues, entertaining clients
What You Do
Your ideal market will be companies that do some relocations but are too small to
provide much assistance in-house to the executives they are transferring to your
community. Moving is a challenging experience for almost all families, and enlightened
employers will see the value of your assistance in making the transition go
as smoothly as possible. You will provide advice as the transferees begin to make
decisions: What neighborhood will we like best? Where can we fi nd elder-care or
child-care? What sports are played at local high schools? Can we fi nd a house with
enough land for trail riding? You work with the employees before they are ready
to choose a real estate agent.
What You Need
Equipping your offi ce will be the main expense (about $3,000). You will do some
work by e-mail and fax, but most of your time will probably be spent driving
The 200 Best Home Businesses 213
to the diff erent areas of your city or having a restaurant meal with a transferee.
Bring a cell phone everywhere you go. Annual wages of $20,000–$45,000 can be
expected.
Keys to Success
You’re doing two kinds of marketing here. First for your own service and second for
your community. Many organizations use relocation consultants to help persuade
a prospective employee to take the job with that company. How the prospect and
his family feel about moving to your area can be a major factor. Your services can
off er an unprejudiced look at what the locality has to off er. Hospitals recruiting
a certain physician and companies recruiting someone for an upper-management
position will both value your service highly.
Repair Services
Start-up cost: $350–$500
Potential earnings: $25,000–$45,000
Typical fees: $25 per hour or quote per job
Advertising: Yellow Pages, community newspapers, coupon books,
bulletin boards
Qualifi cations: Trade school may be necessary for electronics repair, but
otherwise just the ability to fi x things
Equipment needed: A well-stocked toolbox, cell phone, van
Staff required: No
Hidden costs: Possibly liability insurance; while it can cost some money,
it can also help protect your own assets should a repair fail
and a lawsuit arise
What You Do
Do you have a knack for fi xing things around the house—a TV, stereo, computer
or even lawn care equipment? If so, you can easily launch your own repair service.
You can get your start by off ering to fi x a few items at no charge for your family,
friends, and neighbors, in exchange for their testimonials about your talent for
repair. Th en put together a nice-looking but simple fl yer advertising your services
to a larger community group via direct mail or posting on bulletin boards. If you
want to partner with others who specialize in diff erent types of repair, you can
band together and form your own handyman network. Either way, this is an easy
business to break into with little risk. So break out the toolbox and get busy!
214 The 200 Best Home Businesses
What You Need
Elbow grease and a good set of tools are all you’ll need in the beginning. Once you
start handling several repairs at once, you might invest in a tool bench (or build
one yourself ). For as little as $350, you can get a repair business off the ground
and off to a terrifi c start if you are a talented fi xer-upper.
Keys to Success
Start small, and then build your confi dence as well as your clientele by promoting
your business through a track record of fast, economical service. Referrals will truly
bring you the most new business, but once you have several jobs under your belt you
can start to do a little advertising in community newspapers and the Yellow Pages.
Resume Service
Start-up cost: $1,000–$5,000
Potential earnings: $20,000–$50,000
Typical fees: $150–$500 per resume (depending on location)
Advertising: Yellow Pages, newspaper classifi eds, Web site with
testimonials, banner ads on job-search Web sites and career
boards
Qualifi cations: Writing ability, attention to important detail, strong
organizational ability
Equipment needed: Computer with Internet access, printer, fax, paper, extra
computer disks or CDs
Staff required: No
Hidden costs: Insurance, spending too much time with one client
What You Do
To get a job in a competitive marketplace, people simply must have a dynamic
resume. Th ose who really want to put their best foot forward will come to you for
a resume and cover letter that looks professional. Since many of your customers
may not have the time or patience to post their resumes in multiple places at
once, they may also pay you to do so for them. Regardless, your days will be spent
meeting with a wide variety of clients from all walks of life (from foundry supervisors
to attorneys), writing down specifi c job histories, and adding pertinent skill
information that will get your clients those sought-after interviews. It’s a timeconsuming
job, but it gets easier with experience. You can add value (and income)
with additional services such as cover, follow-up, and referral letters.
The 200 Best Home Businesses 215
What You Need
Your start-up is relatively low ($1,000–$5,000) because all you really need is a
good computer setup and a small advertising budget to get the word out. You can
expect to earn $20,000 or so in most medium-size markets; in New York City and
other large metropolitan areas, you’ll be charging much more for your services
(up to $500) and could easily make $50,000 per year. But remember—you can
do this work over the phone and via the Internet, so the sky is the limit for your
customer base.
Keys to Success
If you’re a writer, this is an easy way to make a living (or earn an additional income
to support your quest for the Great American Novel). However, you do need to
enjoy working with people. Th ey will hound you day and night until their project
is fi nished, and possibly even afterward. If you don’t like to be hounded, stick to
novel writing.
EXPERT ADVICE
What sets your business apart from others like it?
Katina Z. Jones has a nontraditional resume service called Going Places
Self-Promotions, Inc., in Akron, Ohio. She says that her business is unique because
it breaks many of the traditional rules of resume writing. “We do resumes that are
not only eye-catching, but also go beyond providing a mere rundown of a client’s
job history. We like to add a sense of not only what a person has accomplished
in her career, but also who she is and how she might fi t into an organization. We
have a 98 percent success rate in helping clients secure interviews because of that
personalized approach.”
Things you couldn’t do without
“I couldn’t do without my computer, laser printer, phone, pager, and fax. My
clients want fairly quick turnaround, and these items help me to accomplish that.
Also, I need to have plenty of paper catalogs on hand, as I use a ton of specialty
preprinted stationery on which to produce resumes.”
Marketing tips
“Set yourself apart from the people who are glorifi ed typists . . . recognize
that the resume industry is changing rapidly, and the resumes of the past (with
cookie-cutter objectives and meaningless buzzwords) are just not getting people
results anymore. After you have your niche, network like crazy. Anywhere you go,
introduce yourself; you’re bound to meet someone who either needs a resume or
knows someone who does.”
216 The 200 Best Home Businesses
If you had to do it all over again . . .
“I would have started networking much sooner and would also have put
together a more meaningful marketing plan. I don’t think I strategized nearly
enough in the beginning.”
Retirement Planner
Start-up cost: $1,000–$2,000
Potential earnings: $20,000–$40,000
Typical fees: $150–$1,000 (depending on scope of project)
Advertising: Newspapers, publications of local interest groups,
membership in community organizations, word of mouth,
direct mail, Web site with retirement planning tips and
links to related resources
Qualifi cations: Expertise in fi nancial planning; certifi cation helpful;
experience or a degree in fi nance or a related fi eld
Equipment needed: Computer, printer, fax, cell phone, copier, marketing
materials, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Conferences for continuing education
What You Do
Retirement planners are fi nding a rising demand for their services, due to widespread
fears about the future of Social Security. You will be distinguishing yourself
from the hundreds of fi nancial planners searching for customers in every community
by your focus on this one vital piece of the fi nancial puzzle. As with lawyers,
accountants, and other professionals who operate as small businesses, your
challenge will be to gain the confi dence of your clients so that they prefer your
excellent personal service over the security of dealing with a large institutional
business that claims to off er the same type of benefi ts. You’ll sell them on how
meticulous you are at developing fi nancial strategies tailored to their own unique
fi nancial situations instead of a grid in a book. You’ll take a good look at their
plans for retirement and work out a sensible budget based on that information.
You may also suggest fi nancial products or options, such as mutual funds.
What You Need
You just need adequate materials, costing about $1,000, to present the image of
reliability that will make people feel confi dent in your knowledge and expertise.
The 200 Best Home Businesses 217
A Web site that’s plentiful with links and resources will also help position you as
knowledgeable in your fi eld. Don’t spend too much on furniture and desks because
you will be travel to your clients’ homes and other meeting sites most of the time.
Keys to Success
Retirement services is a tough sell. While almost everyone needs them, people are
afraid to contemplate the reality that they should be saving more, spending less,
and keeping to a budget. Your hook for this market may be to fi nd a way to send
a reassuring message that it is possible to plan responsibly for retirement without
taking all the fun out of today.
Reunion Organizer
Start-up cost: $2,000–$3,000
Potential earnings: $15,000–$50,000
Typical fees: $5–$10 for each classmate who attends
Advertising: Word of mouth and prospect calling on schools for their
referrals to alumni organizations, banner ads on Web sites
like Classmates.com
Qualifi cations: A big network of friends and acquaintances in your
community, patience, determination, organizational ability
Equipment needed: Cell phone, computer with Internet access, database and
suite software, fax, copier, offi ce furniture, business cards,
letterhead, envelopes
Staff required: No
Hidden costs: Phone calls
What You Do
Reunions have always been popular, since virtually everyone wants to fi nd out
how former classmates have fared over the years since graduation. High school
reunions are a major focus of this business and fi nding the “lost” members is an
important part of the process. Your persistence and sheer determination need to
be applied to the search process, which usually starts one year before the event.
Former employees of some organizations also occasionally hold reunions, and
there is a niche market in putting together reunions for today’s far-fl ung families.
Once you discover everybody’s whereabouts, you may turn your attention to the
event itself, arranging the catering, photos, band, decorations, and mementos.
218 The 200 Best Home Businesses
What You Need
Basic offi ce equipment ($2,000–$3,000) should get you started, but you will need
to get the database program ($175–$300) as soon as possible. Set your charges
diff erently for the time involved and the number of people you’re expected to
locate. Many charge between $5–$10 per attendee, but others charge a fl at rate
commensurate with an hourly fee of $10–$15 per hour.
Keys to Success
Most communities are excellent markets for this service, but many people don’t
know that it exists. Consider the organizations and groups in your locale that have
reunions, such as schools and colleges. Do one excellent job to get a foothold, and
you will fi nd that the referrals will begin to roll in. Your success will depend to
some extent on the material and information you have to work with, but once you
refi ne your people-searching skills, you should have a service to off er that can’t be
matched by amateurs. One tip: Online phone books or the new telephone directories
on disk or CD-ROM can help you locate nearly anyone in the country.
Roommate Referral Service
Start-up cost: $500–$1,000
Potential earnings: $10,000–$25,000
Typical fees: 20 to 50 percent of a month’s rent
Advertising: Yellow Pages, fl yers at apartment complexes, Laundromats,
supermarkets, newspaper classifi ed ads, Web site with
current listings and banner ads from related services
Qualifi cations: Excellent organization skills
Equipment needed: Database management software, computer with Internet
access, printer, phone, credit card processing equipment
Staff required: No
Hidden costs: Insurance
What You Do
With the rising cost of living in many major cities and the rise in displaced folks
who need to share rent (divorced people, students, and those who need temporary
living arrangements) you could make a fi ne living playing matchmaker for live-ins.
Ideally, you would have a method for screening each of the candidates (police
checks at the very least) and a method for securing your payment ahead of time
(credit card processing equipment would be helpful). Advertise in places where
The 200 Best Home Businesses 219
people generally look for a place to live, and you’ll have found your special niche.
Develop a good questionnaire that asks the kinds of questions a potential roommate
would want answered. To double your income potential, you could add on
other services such as mediation between rumblin’ roomies or budget development
assistance. Th e best advice is to focus on one area fi rst, then branch out your
services as you move successfully along.
What You Need
Your costs are incredibly low when compared to most other businesses, mainly
because you can create your own fl yers to post in noticeable, highly traffi cked areas.
You can also purchase classifi ed ads in community and university newspapers, as
well as post online on sites such as www.craigslist.com. You can also build and
maintain a Web site of your own, or pay to have one that attracts roommateseekers.
Even though your income potential is on the lower end of the spectrum, so
is your overhead; most of your income is sheer profi t. For this reason, a roommate
referral service would make a fi ne part-time supplemental income opportunity.
Keys to Success
Th e only advice is to be sure you carefully screen your applicants—bad matches
are sure to strike you if you don’t. You could always organize your Web site so that
roommates choose each other based on profi les they enter on your site.
Rubber Stamp Business
Start-up cost: $5,000–$15,000
Potential earnings: $40,000–$60,000
Typical fees: $5–$15 per stamp
Advertising: Mail order, direct mail, newspapers
Qualifi cations: Training by a printing professional
Equipment needed: Computer with laser printer, photopolymer system (you
can subcontract the larger orders that need to be made of
rubber)
Staff required: No
Hidden costs: Materials can run high (as much as $1,000 per year)
What You Do
Th e rubber stamp business gets the stamp of approval from many experts on
entrepreneurship. Why? Because it’s a relatively easy way to make steady money
220 The 200 Best Home Businesses
from a simple product. Th e variety of stamps you can produce is mind-boggling.
Th ink of the last time you went into a retail store and saw literally hundreds
of choices, from frogs and stars to computers. Now think of the possibilities in
the business world. Small businesses need to have return address stamps because
they’re cheaper in the long haul than labels and more readily available. You can sell
wholesale, retail, or mail order with this business. Expect to generate immediate
interest if you introduce your company with introductory specials and discounts
for new customers. You’ll work with printers and graphics people who can provide
you with all the background and technical information you need. So what is to lose
from a product line so easy to produce?
What You Need
You’ll need to invest in some equipment ($3,000–$5,000) at the outset. If you’re
buying a franchise version of this business, which could provide you with all the
training you’ll need, expect to spend another $10,000 minimum on licensing fees.
Since you’ll be marketing your inexpensive product to the masses for $5 to $15
each, you stand a good chance of making a go of this one.
Keys to Success
Th e investment’s not too high and the income potential is great. What more could
you ask?
Sales of Novelty and Promotional Products
Start-up cost: $1,000–$5,000
Potential earnings: $30,000–$60,000
Typical fees: $3–$300 per product
Advertising: Trade publications, business periodicals, direct mail,
catalogs, Web site with e-commerce capability
Qualifi cations: Sales ability
Equipment needed: Computer with high-speed Internet access, suite software,
fax, laser printer, business cards, letterhead, envelopes,
marketing materials
Staff required: Probably
Hidden costs: Inventory, reprinting of catalogs and other sales materials
The 200 Best Home Businesses 221
What You Do
Th is is the business for you if you know what will amuse people (namely, your
clients’ customers) and catch their attention. You are providing a facet that is
essential to every business: marketing. Novelties and promotional materials put
the name and message of a business before the public. Th ey can be an enormously
eff ective way of reaching out to customers. In this business, you are far more than
just a writer of orders. You present ideas for the new and diff erent. Promotional
materials can take many forms, and fi tting the object to the message takes a special
kind of marketing insight. You’ll need to have an enthusiasm for sales and marketing
in your blood. You need to be as creative and off beat as possible to attract the
attention of companies who want to attract attention to themselves.
What You Need
Your relationship with your distributor will determine your need for inventory,
which ideally will be kept to a minimum. Demonstration samples and catalogs
may be quite expensive, though. Try to secure a good arrangement with your
manufacturers and their reps before trying to produce your own. You can earn
a living selling these types of products. Just look at how well companies such as
Successories are doing, and you’ll know that the market is there.
Keys to Success
Your devotion to the needs of your clients will make you stand out from the crowd.
Th ere is quite a lot of competition in this fi eld, but many of the other businesses
just throw a catalog at prospects and expect them to do the creative work. You, on
the other hand, develop a presentation focused on each client’s distinctive needs
and expectations. You give them several appealing options, and you carry out the
detailed ordering and delivery process. It is work, but it’s also fun.
EXPERT ADVICE
What sets your business apart from others like it?
“We have not only created a specialty product, but something that has a life
and character all its own,” says Mark Juarez, President and CEO of Tender Loving
Th ings, Inc., in Oakland, California, which produces tiny wooden creatures with
massage capability.
Things you couldn’t do without
“Birch or maple wood, drilling machine, glue, smiley-face brander, and
offi ce equipment to run shipping, production, art, marketing, customer service,
and administrative departments.”
222 The 200 Best Home Businesses
Marketing tips
“We turn profi ts into social responsibility; we donate 10 percent of our
product to nonprofi t organizations and other groups that might benefi t from the
caring touch.”
If you had to do it all over again . . .
“One of our biggest external challenges has been combating knockoff s and
copycats.” Juarez suggests protecting yourself as early as possible within federal
trademark regulations.
Sales Representative
Start-up cost: $1,000–$3,000
Potential earnings: $20,000–$50,000+
Typical fees: Percentage basis
Advertising: Word of mouth, direct mail, cold calling, Web site that
includes your success stories and testimonials
Qualifi cations: Energy, persistence, ability to manage time well
Equipment needed: Computer, fax, cell phone (hands-free accessories would be
best, since you’ll be on the road a lot)
Staff required: No
Hidden costs: Catalogs and other sales materials for which some of
your clients may charge, traveling to meetings, inventory
replacement
What You Do
Many people try their hand at direct sales, yet only a few of them make it big.
What’s the diff erence? Consider your goals. Do you want to make a few bucks and
sell a line of products you like to family, friends, and acquaintances? Is your main
goal to make your own purchases at a discount? Or are you planning to put the
eff ort and commitment into direct sales that you would into establishing any other
type of small business? Many products are best sold person-to-person because
they benefi t from demonstration. Finding an excellent product line to work with
is vital, and you should feel confi dent in the company as well. Th e rest is up to your
selling skills and personal drive. Some companies encourage their salespeople to
create networks of additional salespeople whose sales then bring a percentage to
the person who recruited them. Th is practice acts as an incentive to everyone in
the sales force. It is one way to large earnings, if you can achieve it.
The 200 Best Home Businesses 223
What You Need
Expenses in the beginning are very low (around $1,000), but watch out for hidden
charges and fees from the manufacturers. Th ese should warn you off the companies
that might exploit you. An income of $20,000 in the beginning is realistic.
Keys to Success
How many opportunities are left in this country in which your own hard work
will defi ne your success? Direct sales is one of them. Are you comfortable with
cold calling? Are you committed enough to keep yourself going with no one to
answer to but yourself? Do you genuinely like people and enjoy helping them fi nd
products that will add something to their lives or businesses? Or, on the other
hand, would you be satisfi ed with direct sales as an add-on to some other activity?
Be sure you’re clear on what you want and what you will need to do to achieve it.
If you have big ambitions, you’ll need a very big commitment to achieve them in
direct marketing and sales.
Sales Trainer
Start-up cost: $500–$2,500 (for spinoff products, add another $5,000–
$15,000)
Potential earnings: $80,000–$150,000+
Typical fees: $125–$150 per hour plus travel expenses
Advertising: Professional sales associations, networking, advertising in
local business publications
Qualifi cations: Sales training or teaching experience
Equipment needed: Computer, printer, fax, high-speed Internet access, cell
phone
Staff required: No
Hidden costs: Liability insurance, travel expenses not covered by client,
incentives to help secure new clients (CDs, books,
consulting time, or other business-building freebies)
What You Do
If you have a knack for inspiring and motivating others, in addition to a sales or
marketing background, becoming a sales trainer could be a fun and profi table
business option for you. You will travel all over the country off ering high-paying
workshops, seminars, and keynote speeches that energize sales professionals and
motivate them to peak performance. Once you become better known for your
224 The 200 Best Home Businesses
motivational abilities, you will see that the largest part of your job is actually marketing
your own best product—yourself—to other companies who might sponsor
your seminars. Keeping the calendar full will insure that the money keeps rolling
in, so don’t forget to get testimonials from each gig in order to continually gain
more interest in your services. Forget the tired buzzwords of the past. Develop
your own formula for sales success, and you can make yourself a valued resource
among thousands of sales professionals everywhere.
What You Need
Most sales trainers have also written books and produced a variety of spinoff
products such as cassette tapes, CDs, DVDs, or videos. Expect to spend between
$1,000 and $5,000 for marketing materials, including brochures, business cards,
and a Web site that is as dynamic as you are. Aside from your self-promotion tools,
you really don’t need more than charisma and tenacity to get a business like this
off the ground.
Keys to Success
In this business, reputation is everything. Inspiring others to reach for their best is
a noble profession, but it can only be successful if you constantly promote yourself
to more prospects. Having a complete portfolio of “spinoff ” incentive products like
books, CDs and self-assessments on your Web site is one way to keep customers
coming back—and the money streaming in.
Seamstress
Start-up cost: $500–$1,000
Potential earnings: $20,000–$40,000
Typical fees: $5–$75+ per item
Advertising: Newspapers, bulletin boards, fashion shows
Qualifi cations: Th e ability to create fashions and apparel without patterns
would be useful
Equipment needed: Sewing machine, materials
Staff required: No
Hidden costs: Remakes could take up more than an inch of your time
What You Do
If all you need is a needle and thread to design a business you feel comfortable in,
then the alterations/sewing business is a perfect match. In this recession-proof
The 200 Best Home Businesses 225
business, you will repair or alter your customers’ clothing, but you can also off er
custom-sewn clothing to busy executives who appreciate fi ne threads designed
expressly for them. Creativity and the desire to make good clothes even better are
the only requirements you’ll need, and the higher the quality of your work, the
more people will hear about your service. Word of mouth is nearly always the best
way to grow the alterations business, although you may want to consider posting
your business card on all the bulletin boards you can fi nd in your community. Also,
leave some extra cards for owners of dress shops, who often refer their customers
to good tailors or seamstresses.
What You Need
Your biggest up-front expense will be a good sewing machine, which will cost
$1,000 or more. You might look into buying a used commercial sewing machine,
because they are more durable and can be purchased for as little as $400. Be sure
to invest in a healthy amount of professional-looking business cards, because you’ll
need a lot of them to spread the word about your service. Use a rate card to keep
track of what you’re charging per job. Some alterations are simple and inexpensive,
ranging from $5 to $10, while others are time-intensive and require you to charge
$75 or more.
Keys to Success
If you like to spend much of the workday by yourself, you’ll love this type of work.
However, the hours can be long and the rewards not as frequent as you might like.
Sewing is tedious work except to those who truly enjoy it, so make sure that you
enjoy it enough to spend 65 percent of your workday doing it.
Secretarial Service
Start-up cost: $3,000–$5,000
Potential earnings: $20,000–$40,000
Typical fees: $10–$20 per hour (depending on size of the company
you’re working for)
Advertising: Classifi ed ads, Yellow Pages, phone contacts
Qualifi cations: Good editorial, typing, and clerical skills
Equipment needed: Computer, high-speed Internet access, fax
Staff required: No
Hidden costs: None
226 The 200 Best Home Businesses
What You Do
Th e executive stretches in his chair, puts his feet up on his desk, and calls for
his secretary . . . only, he’s likely to be kept waiting because he’s sharing with ten
others who are already in line with their requests. Th e old days when everyone
had a personal secretary are gone; many functions have been replaced by small
secretarial pools or computers. But the need for personalized service has not gone
away. Often a beleaguered company, its small administrative force stretched to the
max, needs to farm out work. Th at is where you come in. You can assist them for
a short period of time, typing letters or producing manuals that would simply be
too costly to employ a full-timer with benefi ts to do. Training and/or experience
as a secretary will help you understand the types of skills that you need (dictation,
shorthand, fi ling, and form typing are just a few) and who might want your
services. Th ere is a lot of fl exibility possible with this type of business. You could
handle after-hours work for out-of-towners, temporary fi ll-ins for local companies,
contracting overfl ow, and so on.
What You Need
A computer is the recommended choice for running a secretarial service since it
has greater versatility and a variety of available programs (compatible, of course,
with your client’s). Plus, you can work effi ciently with your clients via the Internet.
Computers will cost anywhere from $1,000–$3,000. Buying a used or a factory
refi nished computer only a year or two old will help keep start-up costs down.
Advertising in the Yellow Pages for $50–$100 per month, in the classifi eds for
$10 per week, and leaving fl yers at hotels where businesspeople from out-of-town
might need some help are some easy, inexpensive ways to get word out about the
services being off ered. Remember, the amount of time it will take to fi nish one
assignment will vary and is generally unknown at the start, so charging an hourly
fee of $10–$15 will prove more profi table than working for a set price per task.
Keys to Success
Since it’s likely that this job will involve working with many diff erent people,
tolerance of personality quirks will make jobs—and time—go more quickly and
smoothly. Th e hours will be varied, which could become stressful for you (and
your bank account) at times. Th is business needs a high-energy, go-getter type of
person. Do you have what it takes?
EXPERT ADVICE
What sets your business apart from others like it?
“I’m incredibly fast, accurate, and aff ordable,” says Jana McClish, owner of
Paragon Word Services in Akron, Ohio. “I can off er a quicker turnaround than
most of my competitors.”
The 200 Best Home Businesses 227
Things you couldn’t do without
McClish needs a computer, answering machine, and a 10-key adding
machine to run her business eff ectively.
Marketing tips
“You have to be persistent and market almost constantly. You must be confi -
dent and be able to sell that confi dence in order to get in the door. You really need
to have a special skill that sets you apart, too.”
If you had to do it all over again . . .
“I’d research my equipment purchases better. I needed to buy new equipment
a year and a half into my business because I did not purchase wisely. Also, I
would’ve started with a much bigger base of prospects . . . I was discouraged in the
beginning because I didn’t have huge amounts of work.”
Seminar Service
Start-up cost: $5,000–$10,000
Potential earnings: $30,000–$50,000
Typical fees: $125–$500 per speaking engagement; service earns 25–40
percent of this
Advertising: Press releases to newspapers, radio, business/civic
organizations, a well-produced Web site that includes
streaming audio or video clips from previous seminars that
you’ve produced
Qualifi cations: Managerial and marketing skills, expertise in planning and
promotion
Equipment needed: Computer, printer, tape recorder, transcription equipment,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Transcriptions and tape reproduction
What You Do
If you have a sense of what trends are catching the attention of the public, you may
be able to create a business by arranging for speakers on these topics. If you can
organize appealing seminars and publicize them eff ectively, you can make a good
living in this area. You can make some of the presentations yourself, but in order
to be very successful you will need to have a list of speakers available who can make
228 The 200 Best Home Businesses
amusing or captivating presentations that stay with the audience long after they
leave the meeting. Enjoyable seminars have a sense of give and take, with a lively
speaker and active participation from the audience. Th ese satisfi ed customers will
be your best advertising; they will return with their friends for future sessions.
An add-on business is sales of presentation tapes or transcripts. If you are a bit
of a showman yourself and have good event planning skills, this business may be
expressly for you.
What You Need
Each seminar requires extensive planning and advertising. You will need a computer
($1,500–$2,500) to prepare materials and fl yers and to keep track of your
database of eff ective speakers and satisfi ed customers. Invest in a Web site that
showcases your best speakers via streaming audio or video clips. Mailings will cost
you $500 and up for each event. Your speakers can earn $125–$500 or more for
each speech they deliver, and your percentage of that could be as low as 25 percent
and as high as 40 percent.
Keys to Success
Bringing together a group of people for an enjoyable seminar is almost like putting
on a play. Th ere is a sense of excitement when a presentation goes well. You can get
satisfaction from enabling people to learn something they need or want to know.
You are also providing a service to your speakers, who rely on you to organize
and support their work. Not all seminars are well attended, though. You may
have chosen the wrong topic or bad weather may interfere with the success of the
meeting. It takes a very detail-oriented person to make all the pieces come together
in a business like this one.
Silk Flower Arranger
Start-up cost: $500–$1,000
Potential earnings: $20,000–$40,000
Typical fees: $25–$300
Advertising: Yellow Pages, newspapers, bridal salons, restaurants
Qualifi cations: Some training with fl ower arranging, creativity
Equipment needed: Phone, fl oral accessories (vases, baskets, fl oral tape, access
to a wide variety of silk fl owers)
Staff required: No
Hidden costs: Materials
The 200 Best Home Businesses 229
What You Do
Th ere’s nothing in the world like fresh fl owers, but they only last a short while.
Th at is why silk fl owers are the mainstays of interior decorating. All you have to
do is dust them every once in a while and they retain their beauty forever. You’ll
always have plenty of customers if you choose to work in this fi eld, from brides
who don’t want to worry about wilting fl owers to mourners who want to give the
bereaved family a lasting token of their remembrance. You’ll work many hours
in your offi ce, putting together the arrangements that have been ordered by your
customers. Th e only problem is that you’ll have to work hard to get customers,
since there are plenty of others in this business. Th ink about what makes you
diff erent, and let your customers know exactly what your unique marketing point
is. Finally, network with funeral homes, churches, and wedding shops for crossmarketing
opportunities.
What You Need
Obtain a vendor’s license (approximately $25) and buy your supplies at a wholesale
store. Check with local craft stores to see if they off er additional discounts if you
have a vendor’s license. When starting the business, invest a few hundred dollars in
fl oral supplies and silk fl owers so you can make arrangements to sell at craft shows.
Also, set aside money for booth space rental ($25–$100). Your products will sell
anywhere from $25–$300.
Keys to Success
Gain experience by working with fl orists or taking classes at craft stores. Once you
have some knowledge of fl oral arranging, sign up to sell your goods at holiday craft
fairs. Always have plenty of business cards/brochures to accompany each sale, and
keep an album with pictures of your work to show potential clients.
Small Business Consultant
Start-up cost: $5,000–$15,000
Potential earnings: $50,000–$150,000
Typical fees: $900–$2,000 per day
Advertising: Word of mouth, presentations made to business groups,
audio-visual materials, professional organizations, Web site
with tips for small business owners
Qualifi cations: Experience and expertise in marketing, management sense,
communication skills, research and planning ability
230 The 200 Best Home Businesses
Equipment needed: Offi ce furniture, computer with Internet access, suite
software, printer, fax, business cards, letterhead, envelopes
Staff required: No
Hidden costs: Make sure you get paid ASAP, as many of your clients who
launch small businesses have little money to begin with
What You Do
As a small business consultant, you are the one with the knowledge and expertise
to assess and solve many of the diffi culties facing today’s small businesses. Between
complying with growing government regulations, integrating new technologies,
and competing in a tightening economy, most small businesses are looking for
consultants who have proved their ability to solve problems. Th is position off ers
variety, challenge, and respect.
What You Need
A sizable time investment and at least $5,000 are necessary to identify and
approach your clients. Do research, send letters, and do lunch. Build a Web site
that is well visited because of the great information it off ers small business owners.
Look for ways to add more value to your services by partnering with related businesses.
If you work at it, you should make at least $50,000 your fi rst year.
Keys to Success
You must know what you are talking about at all times. While you are selling your
experience, companies are buying concrete solutions to their problems. Be able to
apply your skills to your own business as well as to your clients’.
Standardized Test Preparatory Services
Start-up cost: $1,000–$5,000
Potential earnings: $30,000–$45,000
Typical fees: $75–$175 per client
Advertising: Yellow Pages, direct mail to students/parents, Web site
that off ers study tips and links to related resources
Qualifi cations: Familiarity with all standardized tests (including SAT,
ACT, GED, LSAT), teaching degree helpful and required
in some states
Equipment needed: Practice tests, pencils, timers, computer with high-speed
Internet access
The 200 Best Home Businesses 231
Staff required: No
Hidden costs: Insurance
What You Do
Th ousands of students each year must take standard tests for entry into college,
and they usually must spend weeks preparing for these all-encompassing tests.
Th ere are sections on math and language usage in most of these tests, and you
can help students prepare for each by answering their questions and presenting
them with similar questions or problems as practice guides. Perhaps you’ll
choose to work with a more specialized test such as the LSAT, which people
must pass before being accepted to law school. Whatever area you choose to
specialize in, you’ll need to work with groups of students at one time to make
it truly profi table.
What You Need
Your start-up costs will be relatively low, because you’ll only need some workbooks,
pencils, and timers. Since your clients will be paying up front for your services, you
don’t have to worry about maintaining an inventory prior to accepting clients. It
would be great, if you already own a computer, to create your own Web site and
give it some value with free study tips and links to related resources. You may have
to spend $35 or so per session on space rental; check with local schools for their
after-hour rates. At $75–$175 per student, you can easily see an income potential
of $30,000–$45,000.
Keys to Success
If you enjoy repetition, this could be a relaxing and comfortable way to make a
living. All you have to do is provide the same services over and over, and collect
your checks as you do. On the other hand, it could become too repetitious, and
therefore less challenging than most entrepreneurs would like. You decide what
your comfort level is.
Stock Photography Service
Start-up cost: $500–$10,000
Potential earnings: $25,000–$150,000+
Typical fees: $25–$250 per customer/per photo/per use (10–15
percent of each sale goes to photographer whose shot has
been purchased)
232 The 200 Best Home Businesses
Advertising: Search engine advertising, reciprocal banner ads with
related businesses (such as printers), business and graphics
trade publications; a more expensive option that might
be worth it is advertising in four-color, hardbound stock
photography books sent directly to a mailing list of good
prospects
Qualifi cations: Photography and digital image editing experience would be
helpful
Equipment needed: Computer, digital camera, photo editing software
Staff required: No
Hidden costs: Constant maintenance of Web site (can save signifi cantly if
you learn to do this yourself ), burning and shipping of CD
photo discs
What You Do
A growing number of advertising agencies and corporations are using desktop
publishing technology to develop marketing collaterals, print advertising, and
Web graphics that promote products and services in a variety of creative ways.
One necessary ingredient is economical, ready-to-use, high-quality photography
that stands apart from all the tired old clip art out there. A stock photography
company can provide these clients with 24/7 online access to an extensive
portfolio of great photographs for use in their marketing materials. Whatever
your clients’ subject matter, you will network with several photographers to
build a keyword- searchable archive containing as many varied shots as possible—
all at reasonable enough one-time usage fees to make a decent amount
of money for both you and your “stable” of photographers. If you are adept at
securing interesting, high-quality work and willing to off er it at a reasonable
price, you can make a lot of money over and over again from work that is
basically done once.
What You Need
To offer stock photography services, you will most definitely need a powerful
graphics-oriented computer system with a high-resolution screen on a larger
monitor. Most designers use Macs. This kind of system, with photo-editing
software such as Adobe PhotoShop, will cost you anywhere from $3,500 to
$5,000. Your Web site will cost you another $500 to $1,500 per year to build,
host and maintain. Since photographers can e-mail you .jpgs, if the images
are small enough, your postage costs will be relatively low unless photographers
or customers insist on burning CDs. Just in case, plan ahead for this
hidden cost.
The 200 Best Home Businesses 233
Keys to Success
Th is is a excellent way to get student work out there for mass consumption by
agencies and corporations. If you’re near a university, you may want to network
with students to include their work at a fraction of what it might cost you to
represent experienced photographers.
Systems Integrator
Start-up cost: $1,000–$5,000
Potential earnings: $37,500–$100,000
Typical fees: $150+ per hour
Advertising: Direct mail, publications, networking, Web site
Qualifi cations: Technical knowledge and expertise in systems; timemanagement
skills
Equipment needed: Computer with high-speed Internet access, software, fax,
offi ce furniture, letterhead, envelopes, cell phone
Staff required: No, but subcontracting may be required depending on
project needs
Hidden costs: Time and expense of staying current in this demanding
fi eld
What You Do
Computers are wonderful business tools; few organizations can begin to operate
without them today. Yet no one would disagree with the premise that the design
and planning of computers, both hardware and software, has a long way to go.
Operations and compatibility problems are enormous, and as businesses grow,
they must resolve issues related to the necessary growth in their information
systems. If you have the expertise to be a systems integrator, nearly every growing
company in the United States, possibly the world, needs your services. One successful
project should enable you to easily move on to another. You will need some
people skills to work with the information systems staff at your clients’ offi ces.
What You Need
Most of your work will be carried out at your clients’ premises and on their equipment,
so you needn’t spend too much on your own offi ce and equipment. A cell
phone would be ideal for handling computer emergencies while on the road. Keep
in mind that you’ll need to be familiar with many diff erent types of equipment,
some of which you’ll own and some of which you can lease. You’ll need to be
billing at a rate of at least $100 per hour.
234 The 200 Best Home Businesses
Keys to Success
Many businesses need your service, so if you live within commuting distance of
an urban area, you ought to be able to create an excellent and profi table business
of your own as a systems integrator. A long-term commitment to a single client,
necessary to complete most projects in this fi eld, can limit your contacts. But it
should provide you with an excellent referral base. Th is is an extremely challenging
fi eld; however, one problem is that the people making the decision to hire you
often have little understanding of what their information system needs. Education,
then, is a major part of each sales eff ort. Systems integration is often carried
out under high pressure. Bidding jobs is challenging as well.
Tax Preparation Service
Start-up cost: $5,500–$15,000
Potential earnings: $40,000–$100,000
Typical fees: $25–$50 per hour; more if complex
Advertising: Referrals, networking, ads in local publications and Yellow
Pages, direct mail
Qualifi cations: An interest in people and their situations, patience,
excellent math skills, thorough understanding of tax
laws and calculations; CPA certifi cation helpful but not
mandatory
Equipment needed: Computer, phone, high-speed Internet access, fax, offi ce
equipment (including copier), specialized tax software,
reference manuals, business cards
Staff required: None
Hidden costs: Time and money for continuing education, if needed
What You Do
Income tax regulations and their associated forms are often too complicated for
the average person to comprehend. Making heads or tails of tax forms, then, is a
much-needed service and one that people often don’t mind paying for (remind them
that income tax preparation fees are tax-deductible, and you’ll sell them even more
on your service). You obviously need to have a thorough knowledge of tax law, tax
preparation, and related forms to succeed, but you don’t need to study for a license
unless you want certifi cation as a CPA or other designation. Th is is complicated,
detailed work; our tax laws are cumbersome and confusing. It would be quite benefi -
cial to take a training course before you begin. Th is would not only ensure that your
The 200 Best Home Businesses 235
skills are adequate, but would give you a feel for whether this work is for you. Tax
preparation can earn a talented, detail-oriented business owner a very nice income.
What You Need
Detailed tax guides, special software, errors and omissions insurance, a good
quality printer and copier, and the usual computer and offi ce equipment will be
required. You may be saving some ink and paper by e-fi ling, but you’ll still need to
print a client copy of each document. Depending on what you need, your offi ce can
be set up for as little as $3,500. Charge at least $25–$50 an hour for your services;
more if the job looks complex.
Keys to Success
Since people will always have to pay taxes, you will never run out of potential clients.
IRS guidelines are complex and confusing to most citizens, so knowledgeable tax
preparers are in great demand. However, constant upgrading of skills is required to
meet the changes in forms and regulations. Tax preparation is seasonal, which means
cash fl ow can be uneven; you might add other services to fi ll in the slower months.
Telemarketing Service
Start-up cost: $6,000–$10,000
Potential earnings: $40,000 or more
Typical fees: $30 an hour
Advertising: Yellow Pages, direct mail, business publications,
membership in local business and civic groups, Web site
with links to related resources, banner ads on sales-related
Web sites
Qualifi cations: Experience, persistence, ability to market your own service,
writing skills for preparing script and reports
Equipment needed: Telephone with headset, ergonomic offi ce furniture,
computer with Internet access, suite software, printer, fax,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Utility bills, marketing time and materials
What You Do
Telemarketing is a specialized and very focused form of marketing. No business can
survive without eff ective marketing. Your challenge will be to reach the organizations
236 The 200 Best Home Businesses
that need to develop their customer base and to show them how your service can help
them grow. Telemarketing can be informational, a way of doing market research, but
the major proportion will be focused on sales. As a small business, you may choose to
off er a specifi c type of telemarketing: pharmaceuticals, commercial photography, wedding
services, and so on. Specializing will help you focus on your own marketing.
What You Need
You’ll need excellent telephone equipment and reasonably sophisticated computer
equipment to track results and produce reports (about $6,000 to start). Once you
get the hang of it, you can make $40,000 annually.
Keys to Success
People skills are even more important to success as a telemarketer than they are in
other types of small businesses. Listening well, being persuasive, and fi ne-tuning
the message for the receivers of your calls are all essential. You’ll need experience
writing eff ective scripts, and you’ll need patience and persistence. It will probably
take some time to develop the client base for your business. You can distinguish
yourself from the run-of-the-mill telemarketers as someone who has experience, a
proven track record, and an unquenchable enthusiasm for your clients’ projects.
EXPERT ADVICE
What sets your business apart from others like it?
“While there are many marketing and advertising agencies, public relations
fi rms, and telemarketing organizations, my company is a one-stop agency that has
the capability of coordinating any and all aspects of a marketing plan,” says Cheryl
D. Cira, owner of Marketing Dimensions in Columbus, Ohio. “I cannot stress
how important it is to be honest and up-front with your customers. Marketing
Dimensions looks at each project and account as a long-term relationship.”
Things you couldn’t do without
“Essentials include telephone equipment and offi ce furniture. It also helps
to have computers in order to enter large lists, track calls, pull up records, and run
reports. Computers are also used for simple design work, database management,
and mail merges,” says Cira.
Staffi ng tips:
“Telemarketing projects depend on the work and devotion of employees.
And, because people are people, there are some aspects that cannot be controlled,
such as employees quitting without notice, coming in late, and calling in sick time
after time. My offi ce manager is very good at juggling schedules and maintaining
a strong pool of telemarketers, but it can get crazy at times.”
The 200 Best Home Businesses 237
If you had to do it all over again . . .
“I don’t think there is any one thing of great importance that I would change or
do diff erently. In general, however, I wish that I had had more hands-on experience in
managing a large staff and more working knowledge related to personnel issues.”
Temporary Employment Agency
Start-up cost: $60,000–$150,000+
Potential earnings: $200,000–$450,000
Typical fees: $1,000–$1,500 per employee per project
Advertising: Yellow Pages, direct mail, newspaper ads, billboards,
referrals, Web site with current job listings and online
registration capability for temp employees
Qualifi cations: Previous employment agency experience would be helpful;
business background and ability to match candidates
successfully are paramount
Equipment needed: Cell phone, computers (four to six) with printers and fax,
Internet access, phone system
Staff required: Yes
Hidden costs: Workers’ compensation
What You Do
Temporary agencies used to specialized only in clerical types. But since the era
of corporate downsizing, there has been an increase in professionals entering the
“temp-to-perm” fi eld, from marketing communications professionals to product
designers and even attorneys. It’s a $33-billion industry, mainly because the large
companies that employed thousands a few years ago are now using help only as
they need it or are seeking to try out candidates for a few months until they’re
sure they want to hire them permanently. After all, from their point of view, why
pay the huge benefi ts packages and salaries for work that can be done, even if only
temporarily, on a project-by-project basis? From your standpoint, this philosophy
makes perfect sense; you’re making your money on the fact that both workers and
corporations are seeking less permanent commitment. Workers are beginning to
see the positive side of nonpermanent employment; they can freelance, launch
businesses of their own, and so on. And the companies see the obvious benefi t
of saving money where possible. It’s a win-win . . . all you have to do is match
the right temp to the right assignment, and make sure that all of your employees
238 The 200 Best Home Businesses
are trained and able to work on short notice. You’ll do an extensive background
check and insure that each temporary employee has suffi cient credentials and/or
experience to do a fi ne job. Th en you’ll sit back and reel in the money, particularly
if you choose to specialize in a hot area such as nursing or engineering.
What You Need
You’ll need $60,000–$150,000 to buy into a franchise. If you decide to go it
alone, you may need more because you’ll have to pay for a comprehensive benefi ts
plan, several computers, specialized software programs (including scheduling and
billing) and the placement staff or account executives to manage each account
thoroughly and professionally. Th is is an extremely lucrative fi eld, and you can
make anywhere from $200,000–$450,000 if you develop enough contacts and
build a fi ne reputation.
Keys to Success
You can dig yourself an early grave if you don’t spend enough time preparing.
Know that your competitors are out there, that they have just as many good candidates
as you. All you have to do is set yourself apart by advertising the uniqueness
of your service. A niche gives potential clients a way to pigeonhole you in a positive
way, so that they associate your company name with whatever specifi c need they
have (for example, Acme Personnel = engineering specialists).
EXPERT ADVICE
What sets your business apart from others like it?
“We have a personal approach and a high level of applicants to choose from;
in that sense, we’re a cut above the rest,” says Fran Doll, President of Superior
Staffi ng, Inc., in Akron, Ohio, and recognized Ohio Entrepreneur of the Year.
Things you couldn’t do without
Doll says her business thrives on a telephone system, a computer, and fax
machine. “If our phones go down, we’re dead,” she says.
Marketing tips
“You need to have worked in this industry for a while before embarking on
your own. It’s not as easy as it looks. Also, be sure you have enough capital or you’ll
have cash fl ow problems.”
If you had to do it all over again . . .
“I would be more careful about the accountants I chose to work with. I had
two accountants who really messed me up.”
The 200 Best Home Businesses 239
Ticket Broker
Start-up cost: $15,000–$35,000
Potential earnings: $25,000–$35,000+
Typical fees: 5 to 40 percent of each sale
Advertising: Industry trade publications, newspapers, Web site with
e-commerce capability via secure server
Qualifi cations: Knowledge of state licensing requirements
Equipment needed: Computer with specialized software program/hookup,
toll-free phone number, e-commerce capability on Web site
Staff required: No
Hidden costs: Being liable for unsold tickets because contract didn’t state
otherwise
What You Do
How many times have you wanted to buy tickets for an event or a show only to fi nd
that they’re all sold? For those who simply can’t get to the big tickets, ticket brokers
provide a welcome relief by off ering tickets, often at a discounted rate, and the convenience
of purchasing by phone or via the Internet. Organization and responsibility
are key to this business. Your job includes assigning seat locations, providing ticket
sales information, making recommendations about ticket pricing according to the
area or event, soliciting group sales, and keeping a customer ticket list. You’ll need to
purchase specialized software that allows you to search online for ticket availability
and accept credit card orders over the phone. Or, better yet, purchase an e-commerce
Web site that allows you to make money while you sleep. An accounting or bookkeeping
background would prove especially helpful, as there are a million little details
that need to be managed on a daily basis to keep this one up and running.
What You Need
Computers are a way of life for this occupation. You have to be able to hook up to
the ticket distribution center. Your fee will depend on the event and place. Typically
your cut is between 5 and 40 percent of each sale, depending on whether
you’re selling locally or nationally.
Keys to Success
You may need to hire a staff to run this from your home; it all depends on how big
you want to get. Th ere may be some travel involved, and you’ll want to attend all
of the trade shows so the industry knows you are out there. Most of the big ticket
brokers have been in business a long time and have a good reputation. Get to know
them; you may need to network with them sometime.
240 The 200 Best Home Businesses
Time-Management Specialist
Start-up cost: $1,000–$6,500
Potential earnings: $20,000–$40,000
Typical fees: $75–$100 per hour or $100+ per person for classes
Advertising: Free workshops/seminars and other public speaking, wordof-
mouth, networking, news releases, written articles, Web
site with some free tips
Qualifi cations: High level of organization, analytical ability, punctuality,
ability to deliver on your commitments, an open mind
Equipment needed: Cell phone, computer with Internet access, fax, printer,
time-management software, handouts
Staff required: No
Hidden costs: Preparation time if you are not already using a previously
written program, licensing fees if you are
What You Do
Bringing relief to people under inordinate stress is just one of the many benefi ts of
being a time-management specialist. In addition to making the workplace a little less
of a sweatshop, you’ll be assisting clients with setting goals, developing action plans,
defi ning priorities, and scheduling/delegating tasks. You may decide to work as a
consultant, identifying problems for harried company executives in pursuit of higher
productivity. But you may also decide to add on additional services, such as seminars
for large groups or individual personal productivity training. Th e opportunities to
make money from time are there, you just need to send the message out to the
many people in need of your services. Quick profi tability is a defi nite possibility
with this low overhead business, but you need to charge appropriately for your time
and expertise. One last tip: Don’t forget to off er periodic refresher courses to former
clients; you’d be surprised how many of them would welcome the opportunity.
What You Need
Word-of-mouth advertising keeps initial costs low in this business, because it is
based on credibility and trust of the specialist. To present a professional image,
allow a minimum of $250 for business cards, letterhead, and brochures. Computer
costs can range from $1,500 to $5,000. Remember that organizational dues will
be necessary to continually network and prospect for clients; set aside at least
$250 per year for this valuable lead-generator. Charge at least $75 per hour for
corporate consulting and $1,000 per day for conducting seminars for groups of
professionals.
The 200 Best Home Businesses 241
Keys to Success
Th e art of managing time is relatively new to businesses. Hence, competition may
not be a signifi cant problem. If you enjoy leading others to dramatic results in a
short period of time, this career can be extremely enjoyable. But you should be
advised that this work demands a lot of your own time and energy to get started;
are you able to practice what you preach? It may take as much as a year or two
before you are able to make a full-time income.
EXPERT ADVICE
What sets your business apart from others like it?
Jennifer Annandono, Managing Partner of the Progressive Leadership
Center in Kent, Ohio, says, “I greatly enjoy demonstrating to others how to have
a more balanced work and personal life. My feeling is that time management is
about setting goals and implementing new tools that will promote achievement.”
Things you couldn’t do without
Annandono says she could not do without a cell phone, voice mail, computer,
and printer.
Marketing tips
“It is always more eff ective to market your service as the ‘benefi t’ customers
will receive rather than focusing on various features you might off er. Much of my
marketing success is based in community interaction and word-of-mouth referral.
Th e best advice is: always be a product of the service you provide!”
If you had to do it all over again . . .
“I would have spent the months preceding the opening of my business
selecting centers of infl uence. If you are not already established in the community,
it is never too early to identify and communicate with those individuals who know
and trust you and clearly understand what service you provide.”
Trademark Agent
Start-up cost: $1,000–$1,500
Potential earnings: $40,000–$65,000
Typical fees: $175–$250 fl at fee ($500–$10,000 for larger corporations)
Advertising: Business publications, direct mail, referrals, networking,
Web site
242 The 200 Best Home Businesses
Qualifi cations: Extensive experience in trademark or patent fi eld,
familiarity with specialized computer searches, law degree
helpful
Equipment needed: Cell phone, computer with Internet access, fax, business
cards, letterhead, envelopes
Staff required: No
Hidden costs: Insurance, Internet service provider fees, subscription-only
services
What You Do
Th e business cliché of today is that perception is reality. Whether you agree with
that idea or not, the image of a product or service is undeniably a factor in its value.
Since medieval times, a trademark has been a way of protecting an essential element
of that image, the name. Since medieval times, however, an incredibly large number
of names have been trademarked, and your clients need to know if they can call
their stunt act Angelic Skydiving Service or if someone in Hawaii has already used
that name. You will discover if the name has already been used by conducting a
search of the paper records at the Trademark Offi ce in Washington, D.C. Database
information such as records from all 50 Secretaries of State is proprietary—owned
by your giant competitors—so as a small business person, you must rely on detailed,
cross-referenced searches in online databases. Many trademark agents specialize in
a fi eld they know well, such as tire names, for example.
What You Need
Costs are relatively low, especially if you already have a computer (add $1,000 if
you don’t). Th e outlay of your own labor will be high for each search. If you are
an attorney, you’ll likely use a computer database, but if you’re not, you’ll have
to do it all manually or pay a researcher to do it for you. Charge $175–$250
per search/registry for small to medium-size businesses; by the project (typically
$500–$10,000, depending on size and complexity) working for a large corporation,
although some companies already have attorneys on the payroll who accomplish
the same work.
Keys to Success
Skill and sometimes intuition are required to establish the validity of a given
trademark. Finding the proper trademark fi les is an art. You can’t simply look up a
name, like “sword,” in an index. Instead, you must consider all words with similar
meanings, like “rapier” and “saber,” as well as the words with similar sounds, like
“sod” and “sore.” Th en you must consider designs that might include swords. It all
becomes quite complicated, so be sure you enjoy minute details before embarking
on this one.
The 200 Best Home Businesses 243
Translation Services
Start-up cost: $1,000–$2,000
Potential earnings: $20,000–$30,000
Typical fees: $25–$35 per hour
Advertising: Trade journals, Yellow Pages, referrals, networking, Web
site
Qualifi cations: Profi ciency in a foreign language, excellent writing and
communications skills
Equipment needed: Cell phone, computer with Internet access, fax, printer,
translation software, offi ce furniture, business cards,
letterhead, envelopes
Staff required: Yes, for languages you cannot translate yourself
Hidden costs: Phone calls, marketing
What You Do
Th ousands of languages are spoken across the globe, and even within the United
States texts often need translation into other languages such as French or Spanish.
For most business communications in the global marketplace, a translation
service can be useful to develop, among other things, a glossary of terms to use
in the translation process. Additional services can relate to development of icons
and illustrations that are eff ective across cultures. You can specialize in a business
fi eld such as medical instrument sales or you can focus on one particular language.
Producing eff ective, accurate results under deadline will enable you to build your
translation business into a very successful enterprise.
What You Need
Reference materials and the normal offi ce equipment are the major start-up costs.
You’ll need a printer that can produce all of the characters and accent marks used
in your specialty language(s). A good translation software package would be
helpful, too (although you shouldn’t rely exclusively on it). Grand start-up total
should be somewhere from $1,000 to $2,000. Earnings will come from hourly fees
ranging from $25 to $35.
Keys to Success
Th e market for translation services is growing rapidly and will continue to do so
in the future. English is by no means a universal language, and few Americans are
fl uent enough in a foreign language to produce their own translations. You’ll be
learning as you translate while providing a very signifi cant service to your clients.
244 The 200 Best Home Businesses
Translating is not a matter of simply plugging words into slots, one foreign word
for one English term. It’s a creative and challenging activity to communicate the
total meaning of a sentence or paragraph accurately, and your pricing needs to
refl ect the time needed to do this.
Travel Agent
Start-up cost: $2,000–$5,000
Potential earnings: $25,000–$45,000
Typical fees: 10 percent commission on each sale
Advertising: Travel, meeting/hotel magazines, Yellow Pages, direct
mail, location, Web site with travel tips and special sales
incentives
Qualifi cations: Knowledge of the travel industry and particular
destinations; often, certifi cation is required through an
accredited travel school; training on the customized
computer systems most travel agencies use
Equipment needed: A computer with Internet access, SABRE travel software,
phone
Staff required: No
Hidden costs: Phone calls
What You Do
Would you fi nd satisfaction helping others fl y to exotic places? Have you always
been a travel nut? If you answered yes to both questions, you could potentially succeed
as a travel agent. As an outside travel agent, you would associate with a travel
agency willing to work with you. You can refer business to them (for perhaps a 10
percent commission) or actually arrange travel bookings for which the agency will
cut the tickets (because restrictions on ticketing won’t allow you to do it). For the
latter work, you can make as much as 60 to 70 percent of the commission. Th ere
are also networked travel agencies that rely almost solely on home-based agents.
So your options are many if you decide to embark on this exciting and interesting
business. Th e best part is, many travel companies off er incentives and special perks
for agents like you. You could wind up doing some sightseeing yourself.
What You Need
You need a budget for advertising, the appropriate computer and offi ce equipment,
software, and phone. You may also have to pay small fees, such as $50, to use your
associate’s name and ticketing number.
The 200 Best Home Businesses 245
Keys to Success
Th e travel business is huge and still growing by leaps and bounds. However, you
are at the mercy of a highly competitive industry with low-cost travel options, so
you’ll need to price your services competitively in order to stay afl oat. Despite this
fact, many opportunities still exist to make money in this fi eld. Th e cost of running
a travel business is modest if you are working as an outside agent; little more than
computer and offi ce equipment are required. On the downside, opening your own
agency can be an expensive proposition. It also takes time to get established, and
competition from larger agencies capable of booking large corporate accounts can
be daunting.
EXPERT ADVICE
What sets your business apart from others like it?
“My agents and I have traveled to almost every destination in the world, so
I would say that personal experience sets us apart from other travel agents,” says
Helen Meek, owner of Helen Meek Travel in Fairlawn, Ohio.
Things you couldn’t do without
Computers with specialized reservation programs leased from airline companies
and telephones are the primary pieces of equipment needed to run this
travel agency. “We also couldn’t do without our experienced, wonderful staff ,” says
Meek.
Marketing tips
“You need to look at location and market demographics. I knew my area
would grow, and now I’m an established leader in my geographic location.” Meek
also advises entrepreneurs to get their names out there any way possible while
building credibility.
If you had to do it all over again . . .
“Nothing. It’s worked for thirteen years, and if you can get past those fi rst
fi ve, you are probably going to make it.”
Upholsterer
Start-up cost: $150–$1,500
Potential earnings: $45,000–$125,000+
Typical fees: $75–$400 per upholstered piece
246 The 200 Best Home Businesses
Advertising: Community newspaper, direct mail or fl yer,
networking with staff at furniture stores and with
interior designers
Qualifi cations: Skills learned from the trade
Equipment needed: Upholstery tool kit, vise and workbench, fabric swatch
books
Staff required: No
Hidden costs: Additional materials and tools, membership in professional
associations
What You Do
Furniture and fabric styles come and go. When it’s time for a change, it’s time
to call in a professional. Maybe you’re re-upholstering family heirlooms such
as Grandma’s Victorian recamier, breathing new life into tired old fabrics. Or
perhaps you are recovering a series of chairs with the same fabric in order to
provide your customer with a more unifi ed look in their living room. As an
upholsterer, you will remove old tacking and fabric from furniture and replace
it with something new and spectacular. You may off er consultation services in
which you advise your customers on their design options, or you could simply
provide swatch books for your customers to locate their own new threads. You
set your own hours and terms. You will always be able to fi nd work if you live
in a decent-sized market area and have the skills necessary to build a strong
clientele.
What You Need
All you really need for a successful upholstery business is a decent set of upholstery
tools and supplies, along with an eye for design detail. Of course, most upholsterers
also share a love of great pieces of furniture. It may help you to buy a few books
on antique furniture, in particular, so you can learn how to best preserve, restore,
or re-upholster them.
Keys to Success
It would be a great idea to keep a portfolio of before and after photos of your
recent upholstery projects. Pictures speak louder than words. If you decide to go
high-tech and develop a Web site, be sure to include a photo gallery there as well.
But really, when you launch this business, you would be wise to spend as little
as possible until you’ve built up a clientele. Network with furniture stores and
interior designers. Purchase classifi ed ads in the “Services” heading. Go where you
are likely to fi nd those who are looking for upholstery services.
The 200 Best Home Businesses 247
Used Computer Sales
Start-up cost: $5,000–$15,000
Potential earnings: $5,000–$100,000
Typical fees: Used computers with appropriate software sell anywhere
from $250–$3,000; your percentage could be a 50/50 split
with the previous owner
Advertising: Telephone marketing, word of mouth, networking, Web
site with inventory listings
Qualifi cations: Sales and negotiation skills, energy
Equipment needed: Computer with Internet access, fax, printer, offi ce furniture,
business cards, letterhead, envelopes
Staff required: No
Hidden costs: Building inventory can be costly; be sure to fi gure in
reconditioning costs if necessary
What You Do
Th ere’s defi nitely a market for used computers, but it’s not an obvious one. To succeed
in this business you will need to be the connection between buyer and seller.
You will be advertising in both directions, as a buyer of used equipment and as a
seller. Rapid changes in technology mean frequent upgrading of hardware by large
organizations and even by many individuals. Th e “old” equipment may still function
as well as it did when new, but need for a larger hard drive or more memory has
made these machines seem obsolete. Th e previous generations of computers are very
desirable to organizations that operate on a shoestring, to companies in developing
countries, and to individuals who don’t want to pay a lot to jump on the latest technology
bandwagon. Your business opportunity arises from your ability to bring the
used equipment together with its hidden market quickly and eff ectively. Operating
this business entirely online is probably the best and most profi table option.
What You Need
A great deal of advertising is required, and this can cost you anywhere from $1,500
to $5,000 per year. Consider buying banner ads on general-interest and computerrelated
Web sites to gain some traffi c to your Web site quickly. Inventory will be a
variable but can lead to a considerable additional cost. Where are you planning to
store all of these units? Add rent if you build up too much inventory for your basement.
In this fi eld, you could make a nice percentage of each sale. Your negotiation
skills, however, will determine whether you can make a living doing this.
248 The 200 Best Home Businesses
Keys to Success
If you love a bargain and can attract the attention of others who share that view,
you can take advantage of the technology whirlwind that is costing the rest of us
so much money. As businesses and individuals upgrade, they will appreciate the
opportunity you present to sell their previous hardware rather than just junking it.
And you will enable canny buyers to obtain the computers they need at a fraction
of the price for the glitzy models hot off the retailers’ shelves. Time and eff ort is
needed to educate both sellers and buyers. Finding exactly the equipment a customer
wants can be very time-consuming and require that you to have a network
of sources. You will need to manage inventory costs carefully.
Vacation Rentals Broker
Start-up cost: $500–$1,000
Potential earnings: $45,000–$60,000
Typical fees: 10 to 15 percent commission
Advertising: Advertising in real estate magazines and real estate section
of newspaper, Yellow Pages, Web site with your listings,
postings on other real estate Web sites
Qualifi cations: Experience in real estate rentals, good organizational skills
Equipment needed: A basic offi ce setup for record keeping, computer with
Internet access, cell phone
Staff required: No
Hidden costs: Insurance, vehicle maintenance
What You Do
A vacation rentals broker keeps track of all the details related to renting property
for distant owners. Many people with second homes rent them for the better part
of the year, reserving a week or two for themselves and their families. Renting
helps with the costs of this additional residence, but it also creates a number of
headaches and problems that are very diffi cult for someone who lives far away to
deal with. Your service fi nds renters, writes the rental contract, and makes sure
that the agreements are carried out. You collect the rent, check for any damage,
answer the million and one questions renters always have, and generally keep an
eye on things.
The 200 Best Home Businesses 249
What You Need
Costs are minimal; you just need an eff ective way to keep track of information and
money. Your income depends directly on how much time you put into the business. If
you work hard and full time, expect to earn between $45,000 and $60,000 or more.
Keys to Success
Consider becoming a vacation rentals broker if you live in an area that has a high
appeal for renters and a large stock of available summer (or winter) homes to rent.
Once you develop a reputation for dependability, referrals will bring other homeowners
to you. Th e amount of advertising you will need to do will vary depending
on your area and the presence or absence of competing services.
Vacuum Cleaner Repair
Start-up cost: $5,000–$15,000
Potential earnings: $25,000–$40,000
Typical fees: $45–$150 per repair, depending on complexity and parts
availability
Advertising: Yellow Pages, local newspapers, supermarket and
community bulletin boards, direct mail
Qualifi cations: Strong technical knowledge and hands-on ability
Equipment needed: Parts, including central vacuum systems, from a variety
of manufacturers (look for places that sell old vacuum
cleaners for parts)
Staff required: No
Hidden costs: Shipping parts from overseas
What You Do
How many times has your beater bar been completely fi lled with animal hair to the
point where it won’t move anymore? Th e fact is, we’ve all experienced diffi culty with
our trusty vacuums from time to time. You’ll have no shortage of customers. Every
home has a vacuum cleaner, and all vacuum cleaners occasionally need service and
parts. Market your business where most customers will look for you, such as the Yellow
Pages or in coupon books. You could also off er a free six-month checkup for early
problem diagnosis, and bring in instant business. Diversify as much as you can, too; by
stocking replacement bags and commonly used parts you can make a tidy side profi t.
250 The 200 Best Home Businesses
What You Need
You’ll need to set up shop in a comfortable place with adequate lighting and a
sturdy workbench. You can do this in your home or spend $300 or more per
month renting shop space. Regardless of which you choose, you’ll need to advertise
($1,500–$3,000) and keep a fairly complete parts inventory. Charge at least
$45 per job, plus parts, to be sure you’re covering overhead and expenses.
Keys to Success
Supplement that business by installing and servicing central vacuum systems, a
feature in many new homes. Cultivate contacts among local developers and builders.
Build an inventory of new vacuums and off er them for sale as well. After all, if
you own a $100 vacuum cleaner, would you want to spend $45 to fi x it or would
you just buy a new one? Off ering solutions for your customers can ring up more
sales for you.
Vending Machine Service
Start-up cost: $1,000–$20,000
Potential earnings: $20,000–$35,000, depending on the machine location and
type
Typical fees: $100–$500 per month, per machine
Advertising: Direct mail, Yellow Pages
Qualifi cations: Excellent sales ability
Equipment needed: Vending machines and the products to fi ll them
Staff required: No
Hidden costs: Payment to the property owner of an average of 10 percent
of earnings from each machine
What You Do
Although they seem to be everywhere, some research will be required to determine
what type of vending machine is needed and exactly which spots might be most profitable
for you. Without a doubt, you’ll need good marketing and sales skills for this
occupation. For example, solicit large factories to fi nd out if they have round-theclock
shifts and need “real food” such as soup and sandwiches. Or, if it’s a small fi rm,
will only soda and candy machines do? Once you’ve obtained a client, that customer
should be able to tell you what to stock, but ask to tour the facility so you can get
a good idea of where to actually place the machine. If you go with soda and candy,
make sure your client company will place your machine in a high-traffi c area.
The 200 Best Home Businesses 251
What You Need
Start-up costs depend on what type of vending machine you will want to use.
Bubble gum machines cost as little as $100 and cappuccino machines can run as
high as $1,000 or more. Whatever machine you decide to go with will be a winner
if you market correctly, and you could earn $20,000–$35,000.
Keys to Success
Hit the big factories and large businesses. Th ey usually pay you to come to them
and don’t require the 10 percent fee. You will also have to follow up on your
machines; every day in a large business and a minimum of once a week for smallervolume
vending machines. Th is can pretty much be a fi ve-day-a-week job, since
most businesses close for the weekend.
Videographer
Start-up cost: $5,000–$10,000
Potential earnings: $30,000–$95,000
Typical fees: $50–$75 per hour or $1,500 plus expenses per day for
event coverage
Advertising: Brochures, business cards, Web site (with streaming video
samples of your work), wedding shows, direct mail to event
planners and corporate marketing departments
Qualifi cations: Cinematography and video editing background would be
most helpful
Equipment needed: High-end video camera, proper lighting and backgrounds,
Mac-based computer with DVD creation package and/or
video-editing software, DSL line, fax, printer, cell phone
Staff required: No
Hidden costs: Errors and omissions insurance, insurance for your
equipment, maintaining equipment
What You Do
Whether it’s a wedding or a cruise for top corporate sales producers, every meaningful
event deserves to be preserved for posterity. As a videographer, you will
capture the moments that people will most want to refl ect upon in the days to
come. You will take your expensive (and sometimes heavy) equipment with you
everywhere, being very careful to plan for backup assistance in case it’s needed.
If you do primarily corporate work, creating sales or corporate capability videos,
252 The 200 Best Home Businesses
you can expect to travel a lot and to rely even more heavily on your editing and
DVD creation software. You will also need to partner with a DVD or CD duplication
house, if only as a source for mutual referral. Solicit new customers at bridal
shows. And always bring lots of business cards to each event you cover, as referrals
are key to your business.
What You Need
You’ll need a high-quality video camera for sure, and this will likely cost at least
$2,000. For your computer, a Mac with the right software packages ($3,000 or
so, total) will best serve your need to edit and create DVDs or videos that can
be burned to CDs. Get a cell phone if you don’t already have one, since you’ll be
on the road 90% of your time. Spend the least you can on printed materials, as
they are not as important as your Web site, which should include streaming video
samples of your work.
Keys to Success
Stay current with the latest technology. Always be thinking about re-investing in
newer equipment with enhanced capabilities. Remember to secure glowing testimonials
about your work, and include these on your Web site. Most of all, since
you’re always taping other people having fun, don’t forget to schedule some R&R
for yourself. You’ll need it, since this is a very physically challenging job.
Web Site Developer
Start-up cost: $2,000–$3,000
Potential earnings: $15,000–$150,000 or more
Typical fees: $500+ per creation
Advertising: Word of mouth, bulletin board services, trade journals,
Web site as a showcase piece with dynamic links to your
online portfolio
Qualifi cations: Marketing skills, computer graphic skills, experience in
cyberspace
Equipment needed: Computer, high-speed Internet access, digital camera,
scanner, and professional design software
Staff required: No
Hidden costs: Updating your own Web site
The 200 Best Home Businesses 253
What You Do
Since they are so new and dynamic, Web sites are about as cutting edge as you
can get in the world of marketing. Industries of almost all types are exploring the
Internet; many have found that a home page connects them with their customers
in new ways. An interactive full-color site works much better than a dull list of
products with their specs. Producing an eff ective Web site is an art form that
few can master eff ectively. If you can make the Web come alive for a client by
designing a site that is visited often, you can be one of the busiest folks around
in this ever-changing fi eld. Businesses need to understand that surfers will spend
time at a location on the Internet that off ers something they want: an interesting,
informative Web site that engages their imaginations and off ers them products
that they want or need.
What You Need
Internet service provider fees and design software will probably be your most
signifi cant costs, but you may be able to bundle cable TV, high-speed or wireless
Internet access, and your phone service into one lower monthly cost through providers
such as Comcast. You will want to advertise online as well; these rates will
vary according to carrier but run $8–$10 a month for basic services and an average
of $4 per hour on extended services. Set your fees according to what the market
will bear. Check out what competitors are charging by visiting their Web sites.
Keys to Success
Th is business depends on several kinds of creativity at once. Th e process of
making Web sites is challenging as well as compelling work. You’re covering new
ground each time you sit down to create. It will take creativity to market yourself
as well, because the whole idea of computerized marketing is so competitive.
Learning about your client companies so you can represent them creatively and
eff ectively will keep you on your mental toes. Read up on the latest trends in
cyberspace. Encourage daring creativity—and discourage “brochure-ware.” Interactivity
is king.
EXPERT ADVICE
What sets your business apart from others like it?
“We’re based in the fundamentals of advertising and design,” says Larry
Rosenthal, Web designer in New York City. “We are also on the cutting edge; if it’s
new technology, it’s been in here for an experimental run. Our clients appreciate
the fact that we try everything out fi rst.”
254 The 200 Best Home Businesses
Things you couldn’t do without
Rosenthal says he couldn’t do without a computer with high-speed Internet
access, software tools, and external, peripheral equipment such as scanners.
Marketing tips
“Get yourself a Web site, and make it a well-constructed, easy-to-use one
with a clear point of view. Also, use e-mail to market directly to those who might
be interested in your services.”
If you had to do it all over again . . .
“I would have started working on the Web even earlier. I would have also
e-mailed Mark Andreeson from Netscape and asked to work with him!”
Window Treatment Specialist
Start-up cost: $1,000–$5,000
Potential earnings: $25,000–$35,000
Typical fees: $20–$30 per hour or on a per-job basis
Advertising: Personal contacts with interior decorators, fabric and
drapery stores, Yellow Pages, local newspapers
Qualifi cations: Basic sewing skills, ability to measure accurately
Equipment needed: Commercial sewing machine
Staff required: No
Hidden costs: Materials can get costly; buy wholesale
What You Do
You can provide a year-round service with a heavy-duty sewing machine, space to
create, and an interest in interior decorating. With the continuing infl ux of housing
developments and condominium complexes, you should have no shortage for customers
in need of fi ne window detail such as curtains, valances, or swags. Network
with condo associations and apartment complex owners; they may provide you
with regular referrals and a steady fl ow of business. Cultivate contacts with local
fabric stores and interior designers. Remember, accuracy is a must because mistakes
in measuring can get expensive if you have to replace fabric.
What You Need
Even with your equipment costs considered, you’ll still be in the $1,000 to $5,000
start-up range with this business. Th e biggest cost, really, is your advertising. You’ll
The 200 Best Home Businesses 255
need to get the word out through community newspapers, the Yellow Pages, and
coupon books, so expect to spend $3,000 or more on advertising alone. Your
hourly rate should be somewhere around $20 to $35 per hour.
Keys to Success
Make a portfolio with photographs of samples of your work to show prospective
clients. Display some of them in fabric stores, and make business cards available
to store owners and interior designers.
Word-Processing Service
Start-up cost: $5,000–$15,000
Potential earnings: $30,000–$45,000
Typical fees: $5–$10 per page
Advertising: Yellow Pages, focus advertising in a 5- to 10-mile radius
of your business location, direct mail, university bulletin
boards, networking with business and professional
organizations, Web site
Qualifi cations: Fast and accurate typing skills (at least 65 words per
minute), customer-oriented attitude
Equipment needed: Computer and software, high-speed Internet access, laser
printer, copy machine, fax; optional: transcribing machine
and scanner
Staff required: No
Hidden costs: Equipment and software upgrades
What You Do
Despite the abundance of personal computers, demand for off -site word-processing
services has steadily increased. Essentially, word-processing is a fancier (and
more technically correct) phrase for typing service. You’ll be doing all the same
kinds of work, only you’ll be using a computer instead of the great typewriter
dinosaur. Customers will come to you with everything from reports and term
papers to resumes and technical documentation. Th e ability to produce an attractive
product with quick turnaround will ensure your success in this fairly competitive
fi eld. Remember that just about any Joe with a basic computer system and
printer thinks of getting into this type of business. You’ll have to be able to set
yourself apart from these folks as well as from the thousands of secretarial services
out there (that perform services that go beyond your own). Position yourself close
256 The 200 Best Home Businesses
to a university or in a downtown area, and you’ll increase your chances of success
by at least 50 percent. Take it a step further and go after publishing companies for
extra work.
What You Need
Your start-up costs are going to be quite reasonable if you already own a computer
and laser printer. Most of your initial expense will result from advertising and
appropriate software purchases, which will cost at least $3,000. Charge a per-page
rate of $5–$10 or an hourly fee for the larger jobs. It may take you awhile to get a
feel for which projects are more labor-intensive than others.
Keys to Success
Beware of underpricing your service. Consider adding a surcharge for handwritten
or diffi cult-to-read documents and materials that include charts or tables. If you
can stand the repetitive motion of using a keyboard, your income is limited only
by your speed and the number of hours you want to work.
Workers’ Compensation Consultant
Start-up cost: $5,000–$7,000
Potential earnings: $45,000–$60,000
Typical fees: $1,500–$3,000 monthly retainer fee (depending on the
size of the company)
Advertising: Business periodicals, networking, referrals, Web site
Qualifi cations: Ability to locate best rates for companies; experience in the
fi eld
Equipment needed: Cell phone, computer, printer, offi ce furniture, business
cards, letterhead, envelopes
Staff required: No
Hidden costs: Insurance, membership dues
What You Do
A workers’ compensation consultant is an outside contractor who works with
companies to reduce the incidence of workers’ compensation claims, fi nd better
rates, and discover innovative ways to save money. You will investigate the circumstances
of the manner in which the employer deals with these problems. You
might even administer the claims process for a period of time, instead of having a
company employee do it. Typical strategies to reduce claims include: (1) investigatjon72965_
The 200 Best Home Businesses 257
ing the claim thoroughly to determine whether it is indeed valid; (2) conducting
regular reviews of workers’ compensation benefi ts packages; and (3) recommending
changes in the workplace to reduce injuries. Th e bottom line is, your nose for
trouble can prevent a company from being taken advantage of—either by invalid
claims or higher-than-ever rates.
What You Need
Investigative tools and the equipment to write reports are what you will need;
spend at least $4,000 equipping your offi ce with computer and printing equipment
as well as a decent software package for all of your major communications.
Your reports will need to be clear and easy to understand. (After all, they hired
you to clear up the red tape, right?) Most disability consultants work on a retainer,
typically $1,500 to $3,000 per month.
Keys to Success
Th is is quite a lively fi eld. To establish your business you will probably need the
experience gained from having been a workers’ compensation specialist for an
employer or at least another consulting fi rm. If you show that you can conduct
excellent investigations, write eff ective reports, and make productive recommendations
for improvements in processes, you can build a very successful enterprise.
You will not be everyone’s favorite person as you uncover cheaters, but you will be
improving your clients’ bottom line.
iIndex 259
Index
Arts & Crafts
Collectibles Broker, 53
Doll Repair Service, 88
Jewelry Designer, 140
Publisher of Personalized
Children’s Books, 209
Silk Flower Arranger, 228
Automotive
Automotive Detailing, 17
Automotive Maintenance, 20
Automotive Paint Touch-Up
Professional, 21
Business
Bartering Service, 25
Business Broker, 38
Business Form Production and Sales, 39
Business Networking Service, 41
Business Plan Writer, 42
Commercial Cleaning Service, 60
Consulting Engineer, 71
Courier Service, 75
Effi ciency Expert, 92
Home Business Consultant, 127
Incorporation Service for Businesses, 135
Management Consultant, 154
Marketing Consultant, 158
Meeting Planner, 166
Mobile Paper-Shredding Service, 169
Multilevel Marketing, 175
Rubber Stamp Business, 219
Sales Representative, 222
Sales Trainer, 223
Small Business Consultant, 229
Telemarketing Service, 235
Time-Management Specialist, 240
Videographer, 251
Word-Processing Service, 255
Communications
Advertising Agency, 4
Advertising Sales Representative, 6
Book Indexer, 30
Book Packager, 31
Commercial Photographer, 62
Desktop Publisher, 81
e-Book Publisher, 90
Envelope Stuffi ng Service, 97
Fax-on-Demand Service, 104
Freelance Writer/Copyeditor/
Illustrator, 112
Handbill Distribution, 125
Mailing List Service, 152
Message Retrieval Service, 167
Messenger Service, 168
Paging Services, 190
Political Campaign Manager, 198
Printing Broker, 200
Public Pay Phone Service, 206
Public Relations Consultant, 207
Seminar Service, 227
Stock Photography Service, 231
Translation Services, 243
Computers
Computer Consultant, 64
Computer Maintenance Service, 66
Computer Programmer/Database
Consultant, 67
Computer Trainer, 68
Digital Imaging Service, 83
Graphic Designer, 122
Online Marketing Specialist, 182
260 Index
Online Message Board Manager, 184
Online Services Consultant, 186
Systems Integrator, 233
Used Computer Sales, 247
Web Site Developer, 252
Education/Child-Care
Adoption Agency, 2
Child-Care Referral Service, 52
College Application Consultant, 56
College Internship Placement Service, 58
Day-Care Service (Child or Adult), 80
Homeschooling Consultant, 133
Nanny Service, 178
Private Tutor, 201
Standardized Test Preparatory Services, 230
Employment Services
Association Management Services, 13
Career Counselor, 45
Employee Benefi ts Consultant, 94
Employee Leasing, 95
Executive Search Firm, 100
Modeling Agency, 170
Outplacement Services, 189
Relocation Consultant, 212
Resume Service, 214
Secretarial Service, 225
Temporary Employment Agency, 237
Entertainment/Arts
Artists’/Photographers’ Agent, 11
Band Manager, 22
Color Consultant, 59
Concert Promoter, 70
Corporate Art Consultant, 73
Disc Jockey, 85
Fan Club Management, 102
Literary Agent, 148
Music Instructor/Professional Musician, 176
Ticket Broker, 239
Environment
Commercial Plant Watering
Service, 63
Financial Services
Accountant, 1
Auditor, 16
Automotive Loan Broker, 18
Bankruptcy Services, 23
Bookkeeper, 33
Collection Agency, 54
Credit Consultant, 77
Financial Aid Consultant, 106
Financial Planner, 107
Insurance Agent, 137
Mortgage Loan Broker, 173
Retirement Planner, 216
Tax Preparation Service, 234
Food/Beverage
Bartending Service, 24
Cake Decorator, 43
Caterer, 50
Cooking Instructor, 72
Food Item Manufacturer, 110
Meals to Go, 161
Vending Machine Service, 250
Health Care
Childbirth Instructor, 51
Counselor/Psychologist, 74
First Aid/CPR Instructor, 109
Gerontology Consultant, 117
Home Health Care Service, 129
Lactation Consultant, 142
Medical Claims Processing, 164
Medical Transcriptionist, 165
Home Improvement
Carpet/Upholstery Cleaning, 47
Damage Restoration Service, 78
Electrical Contractor, 93
Feng Shui Consultant, 105
Framing Service, 111
Gardening Consultant/Landscaper, 114
Handyman Network, 126
Home Inspector, 130
Home Preparation Service, 131
Interior Designer, 138
Lawn Care Service, 144
Pool Maintenance, 199
Repair Services, 213
Upholsterer, 245
Vacuum Cleaner Repair, 249
Window Treatment Specialist, 254
Personal Services
Boat Maintenance/Cleaning Service, 29
Bridal Consultant, 34
Calligrapher, 44
Index 261
Dating Service, 79
Engraving Service, 96
Etiquette Adviser, 98
Genealogical Service, 116
Hairstylist, 123
Image Consultant, 134
Knitting/Crocheting Instructor, 141
Laundry Service, 143
Makeup Artist, 153
Manicurist, 156
Massage Th erapist, 160
Monogramming Service, 172
Mover, 174
Newspaper Delivery Service, 179
Personal Assistant, 192
Personal Development Coach, 193
Personal Instructor/Fitness Trainer, 195
Personal Shopper, 196
Professional Organizer, 204
Roommate Referral Service, 218
Seamstress, 224
Pets
Animal Breeder, 7
Dog Trainer, 87
Mediator, 162
Pet Grooming, 197
Public Service/Legal
Disability Consultant, 84
Government Contract Consulting, 119
Grant Writer, 120
Lawyer, 145
Licensing Agent, 147
Litigation Management Service, 150
Notary Public, 180
Trademark Agent, 241
Workers’ Compensation Consultant, 256
Real Estate
Apartment Preparation Service, 10
Building Maintenance Service, 37
Draftsperson, 89
Property Management Service, 205
Real Estate Broker, 211
Recreation
Arts Festival Promoter, 12
Bed & Breakfast, 27
Bicycle Rental, 28
Event Planner, 99
Gift Basket Business, 118
Home Entertainment System
Service, 128
Magician, 151
Outdoor Adventures, 187
Party Planner, 191
Reunion Organizer, 217
Sales of Novelty and Promotional
Products, 220
Travel Agent, 244
Vacation Rentals Broker, 248
Wholesale/Retail
Antiques Dealer, 8
Auctioneer, 14
Bridal Show Promoter, 36
Catalog Retailer, 48
Manufacturer’s Representative, 157
Mystery Shopper, 177
Online Auction Consignment Service, 181
Online Retailer, 185
Product Designer, 202
Rare Book Dealer, 210
Turn your career dreams into
a profi table reality!
Katina Z. Jones is the author of several books on starting home businesses, including the Adams Businesses
You Can Start Almanac. She lives in Akron, OH.
Photo by Bart Harris
Tired of your humdrum workday routine? Looking for a new and exciting
career path that allows you to be your own boss and make your
own rules? The 200 Best Home Businesses, Second Edition is the
book for you.
This completely revised and updated second edition profi les 200 of the
best and most profi table businesses that you can run from your home. Inside,
you’ll fi nd jobs for your every interest, from computer programming to being
a personal chef. Each business profi le provides you with all the information
you need to choose the business that’s right for you:
• The pros and cons of each business
• Estimated startup costs
• Skills needed
• Advertising tips
• Expert advice from home business entrepreneurs
No matter what your interest or level of experience, you can take charge
of your life, tap into your unique background and talents, and build a solid
career for the future. The 200 Best Home Businesses, Second Edition shows
you how!
www.adamsmedia.com
$12.95 (CAN $14.50) Business/Career
ISBN-13: 978-1-59337-296-5
ISBN-10: 1-59337-296-5
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