Business Overview:

If you’re good with budgets and enjoy helping people solve problems, you should learn how to become a debt counselor and start a credit counseling business. Regardless of the state of the economy, people will always overextend themselves financially and need professionals to help them figure out what their options are. If you don’t already work at a debt counseling firm, you will need to learn how to become a credit counselor. Since you will be working with customers on a plan for how to pay off their debt, it’s helpful if you have some counseling experience. You’ll also need to be familiar with debt consolidation loans, how to lower monthly interest rates and how to steer clear of bankruptcy (which means being well versed in bankruptcy law). If you don’t have these types of skills but see the value in this type of business idea, you can hire experienced credit counselors to work for you. When you research how to start a credit counseling business, you’ll see that you have the option of seeing clients locally and in person or making your counseling services available via email and phone. In either case, you should have a website populated with as much information as possible about options for getting out of debt, budget worksheets, tips on dealing with the IRS, etc. Outline your rate chart and meet with clients in your office or over the phone. It is likely that you will need to meet with a single client several times (once a month for six months, for example) to monitor their spending and debt reduction. You can charge by the meeting or offer package deals that include a certain number of meetings over a certain period of time. Some clients will need more help than others so it’s important that you are flexible with your schedule and your rates. If you have counselors working for you, they can work in your office or if your business is online only, they can work from their homes as well. As you are able, branch out to include services that help people modify their spending habits so as to avoid having debt problems. With excellent advice and continued encouragement to your customers, credit counseling can be one of the most rewarding online business ideas you can start.

A Day in the Life of a Credit Counseling Business Owner:

If you operate your business in an office, you will arrive before it’s time to open for the day and check your schedule for any appointments. If you operate online only, you will also have appointments throughout the day, but they’ll be strictly on the phone. In either case, if you’re meeting with a new customer, you will arrange for them to receive basic how-to instruction regarding lowering their spending. You will collect spending information from them and discuss ways to cut out some of their “wants” while leaving enough funds to take care of their “needs.” You will give them some “homework” and schedule their next meeting. If you’re meeting with a returning customer, you will review their spending and budgeting charts and discuss how their spending habits have changed since your last meeting. You will help them lower interest rates by either contacting creditors directly or advising them on how to make that contact.

About Your Customers:

Your customers will be individuals who either have major debt issues or are worried about going too far into debt. They are in need of professional help to get them out of debt or keep them from getting into debt.

What You Need to Start:

• Experience in debt counseling or a staff of counselors
• Membership in credit counseling association (optional)
• Storefront and/or website
• Marketing materials
• Worksheets, pamphlets, etc. for customers to take home and review
• Computer with spreadsheet and finance software

The Good:

• Credit counseling services will always be in demand.
• If starting this business online, start-up costs are minimal.
• You can hire skilled credit counselors if you are not qualified to offer counseling.
• It is highly rewarding to help people get out of debt.

The Bad:

• There can be ebbs and flows in this business depending upon the economy.
• It can be emotionally challenging working with people and their debt.

Resources:

• National Foundation for Credit Counseling
• Association of Independent Consumer Credit Counseling Agencies
• Bureau of Labor Statistics on Credit Counselors
• Wikipedia on Credit Counseling

Technorati Tags: how to become a credit counselor, how to become a debt counselor, how to start a credit counseling business, start a credit counseling business

Business Overview:

If you have superb writing and comprehension skills and are looking for a unique way to help other businesses, you should start an abstracting service business. An abstracter gathers information and reads various publications on a particular subject and creates a document of no more than 10-15 sentences that summarizes the key points of the original. Many industries employ abstracting service companies to go though the enormous amount of information available on the internet and in numerous industry publications. The most common professional fields that use abstracters are the medical, legal, technical, real estate and scientific industries. It’s important that before you get started in this business you decide what your area of expertise will be. You need to be able to understand and communicate effectively in your particular field. If you don’t have any experience in the medical field, you’d have a hard time understanding medical terms and wouldn’t be able to filter out which information was most important. Once you determine your niche, you need to set up a website that explains your business and gives your pricing structure. You will reach out to businesses in your field letting them know you are available and direct them to your website to see some samples of your work. Your clients will contact you when they need your services or you may work on a contract basis and be a company’s go-to abstract service whenever they need information. If your client is a law office, they may ask you to research cases that are similar to one they are currently working on. Once your abstract is completed, you will add it to a database and apply keyword techniques so your clients can easily find particular topics at a later time. Although the start-up investment for this business is negligible, it does require a lot of work. You can run an abstracting service from home and can work as much or as little as you like but keep in mind that the faster you complete work, the more work you will get so be sure to dedicate a few hours a day to your reading and writing. If you are not confident in your internet research skills but see the value and potential in this business, you can always hire a staff of abstracters to work for you. This would give you the flexibility to offer abstract services in a variety of fields. Your staff can also work from their homes anywhere in the world which is why this is such a great online business idea. As long as their work is of high quality and they produce on deadline, you can concentrate on marketing your business and maintaining your database. As information continues to flow on the internet, an abstracting service will continue to be one of the most popular business ideas that you can start from home.

A Day in the Life of an Abstracting Service Business Owner:

As the owner of an abstracting service, you can work any hours you like. If you are writing abstracts, you will need to dedicate a few hours a day to make sure you turn in your work on deadline but you don’t need to work any specific hours each day. If you have a staff of abstracters working for you, you will check in with them daily to monitor their progress. You will spend some time updating your website and marketing your business to other businesses in your area of expertise.

About Your Customers:

Your customers will be businesses in a variety of fields looking for someone to distill large amounts of information into manageable synopses.

What You Need to Start:

• Expertise in a particular field or a staff with expertise in a variety of fields
• Database management experience
• Marketing plan
• Computer with finance software

The Good:

• This type of business will continue to grow in popularity as information continues to be added to the internet each day.
• Companies can save money by outsourcing this type of service.
• The start-up investment is negligible.
• You can charge top dollar for excellent and timely abstract services.
• You can easily run this business part-time and from home.
• You can hire abstracters in a variety of fields of expertise to widen your client base.

The Bad:

• This work is mentally challenging since you will be reading and writing a lot.
• Some deadlines and clients may be difficult to work with.

Resources:

• The National Association of Land Title Examiners and Abstracters
• Editorial Freelancers Association
• Association of Internet Researchers
• Bureau of Labor Statistics on Title Examiners, Abstracters and Searchers
• Wikipedia on Abstracts

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Business Overview:

Starting a genealogy business is a wonderful way to help generations of history buffs find the answers they’ve been searching for. Genealogy is the practice of researching families and lineage. This type of research is especially popular in the United States because many families are from other countries and immigrated to the US several generations ago. If you’re not familiar with internet research and don’t know how to start a genealogy business, there are plenty of resources online. First you’ll need to decide what types of services your business will offer. People will pay your business to help them track down their ancestry. A business plan will help you sort out what services you will offer and what you will charge for these services. You can offer customers limited assistance by connecting the dots, so to speak, when they have run into a roadblock. For a higher fee, you can do the entire family genealogy for your customers. Once your services and fees have been decided, you’ll need to create a website for your business. With today’s technology, all the family history you’ll need is available on the internet which makes this one of the most popular online business ideas to get into today. Consider internet marketing and search engine optimization strategies to get the word out about your new business. You should also visit genealogy websites and blogs. Offer little bits of advice to genealogy hobbyists and advertise your site at the same time. Since this type of business idea can be run from home, you can choose to work as much or as little as you like. However, in order to make a good profit, you need to dedicate a few hours each day to the research and marketing of your business. You may find that with excellent research skills and customer service, you can turn this part-time business into a full-time business and you may even need to hire research assistants to keep up with the demand.

A Day in the Life of a Genealogy Business Owner:

As the owner of this home-based business, you can set your own hours but you will need to spend a few hours each day working on your research. You will also check your email for requests from new customers. You will likely need to contact your clients as you proceed through your research to make sure you’re still on the right path. You’ll need to spend some time marketing your business by searching through genealogy websites and blogs for opportunities to give bits of advice and advertise your business. You will also look into placing ads on various websites.

About Your Customers:

Your customers will be individuals and families looking for details on their ancestry and wanting to fill in the blanks in their family lineage.

What You Need to Start:

• Internet research skills (or a staff of researchers)
• Website
• List of services and prices
• Finance software

The Good:

• Genealogy is very popular.
• Start-up investment is minimal.
• You can charge top dollar for excellent research.
• You can easily run this business in your spare time and from home.
• This business is scalable; you can hire more researchers as you need to.

The Bad:

• It takes great perseverance to track down every lead when doing genealogical research.
• You will need to be patient while you build up your client base.

Resources:

• Association of Professional Genealogists
• National Genealogical Society
• Bureau of Labor Statistics Article on Genealogists
• Wikipedia on Genealogy

Technorati Tags: how to start a genealogy business, starting a genealogy business

Business Overview:

If you’re looking for a unique business that can operate in a physical store or exclusively online, you should learn how to open a cigar shop. Cigars are increasing in popularity with both men and women in all age groups and are more widely accepted among the non-smoking population. Cigars are rolled fermented tobacco leaves that you light like a cigarette but there are no harmful additives. Opening a cigar shop in a storefront can be quite lucrative if your location is a good one. Looking for a location far away from any other cigar and tobacco shops may not be the best idea. If there is not a cigar store in a 25 mile radius of a particular area, there’s probably a reason. Instead, consider opening your shop in the same general area of a competitor. That way, you may be able to attract some of the traffic away from other stores. Find out what types of cigars other stores in your area offer and go a different direction. Select a niche like cigars from Central America and offer a greater variety of those items. Consider dedicating an area of your shop as a lounge for customers to smoke the cigars they’ve just purchased. Install TVs and make video games and magazines available to your customers. The more relaxed your customers are, the more likely they are to purchase more cigars and to come back for the experience. You may decide, however, when looking into how to open a cigar store, that opening a virtual store online may be a better option. Other than proper storage for your stock of cigars (a large humidor or a temperature and humidity controlled room), you will just need a slick website and knowledge of cigar laws and taxes. Your state’s department of revenue will have the latest taxation schedule that will include information about how cigars are taxed. You will also need to have a way to verify each customer’s age on your website since it is illegal (in some countries) to sell cigars to persons under 18. You should include in each shipment instructions for proper care of cigars to ensure they stay fresh and don’t dry out. Other options for opening a cigar shop are to operate a kiosk on the street or in a mall or you could have numerous cigar vending machines. Regardless of whether you choose to operate your cigar shop in a storefront, online or with a kiosk, it’s important to also offer cigar accessories like cigar cutters, humidors, lighters, cases, etc. Selling cigars can be one of the most profitable business ideas out there if you choose your location carefully, advertise your website correctly and offer the best cigars and customer service.

A Day in the Life of a Cigar Shop Owner:

If you run your business in a storefront, you will start your day by making sure your inventory is properly displayed before the shop. Throughout the day you will assist customers in finding just the right cigars for their needs. If you operate online only, your hours are more flexible but you will need to check orders often and ship out cigars in a timely manner. It’s important that you continuously update your website with new items and keep in constant contact with your suppliers to ensure you have the right amount of stock and your customers won’t have to wait for their shipments to arrive.

About Your Customers:

Your customers will be individuals looking for high quality cigars that come with excellent customer service.

What You Need to Start:

• Business plan
• Stock of cigars
• Storefront or website (or kiosk or vending machine)
• Humidor(s) or temperature/humidity controlled storage facility
• Knowledge of cigars
• Computer with finance software

The Good:

• Cigars are increasing in popularity among a wider age, gender and socioeconomic population.
• You can mark up the prices of your cigars and make a good profit while keeping prices competitive.
• If you operate this business online, you can make your own hours and work from home.
• If you operate this business in a storefront, you get to spend your days with fellow cigar aficionados in a fun environment.
• Your customers will come back again and again for more high quality cigars.
• As an industry insider, you have access to the best and newest items on the market.

The Bad:

• If you open a physical store, start-up costs can be steep.
• It can take some time to build up your customer base.

Resources:

• International Premium Cigar and Pipe Retailers Association
• Association of Independent Cigar Specialists
• Wikipedia on Cigars

Technorati Tags: how to open a cigar shop, how to open a cigar store, opening a cigar shop

Business Overview:

Opening your own belt buckle store is a smart way to use your entrepreneurial skills to start a lucrative and unique business. Fashionable belt buckles are a hot accessory right now and there is plenty of money to be made in this area. The secret to a successful belt buckle business is creating or purchasing a unique product. If you have a new and fresh take on a classic or trendy style, you’re more likely to attract clients. You could also consider a niche like selling buckles made out of recycled materials. Not only would this be good for the environment and make your green business eligible for tax credits, but it’s also a great marketing tool. Other than recycled materials, you may choose to make or buy your buckles with metal, rhinestones or fabric. Once you have your niche buckles all picked out, you’ll need to take photos and put them on your website. A belt buckle store is one of the best business ideas to operate online because accessories have no sizing. If you include the dimensions of each buckle, customers know before they order if it will fit their needs. In addition to buckles, you may also sell standard leather belts onto which the buckles attach. Even though you can easily operate this business from home, you will need a storage facility to house all your inventory. You’ll want to have a full stock of a wide variety of choices for your customers. When considering where to market your business, you should look for sites that also target your market. Fashion magazines (printed and online) and blogs will attract clients to your site. You’ll need to make sure your website is clean and easy to use and your products are photographed and displayed well. Carry around business cards at all times and be sure to wear your merchandise proudly. When people on the street ask you where you got that fabulous buckle, you can hand them your card. Soon your marketing efforts will pay off and you will have a successful online belt buckle store.

A Day in the Life of a Belt Buckle Store Owner:

Each day you will check your website for any new orders. You will pack up buckles and ship them to your customers. You will spend some time each day working on looking for great new designs to sell. New products need to be photographed and put on your website so you will need to keep an eye on your site so it stays current. You will also want to spend time looking for new ways to market your business. If you can get celebrities to start wearing your buckles, sales will skyrocket.

About Your Customers:

Your customers will be individuals looking for a new and fresh belt buckle accessory.

What You Need to Start:

• Stock of belt buckles
• Website
• Storage facility
• Other items like belts for the buckles to be attached to
• Finance software

The Good:

• Demand for trendy fashion items is always high; if you keep finding new looks, you can stay on top of the trends.
• The start-up investment is relatively low.
• You can charge top dollar for excellent craftsmanship.
• You can easily run this business online and from home.
• You can make your own hours and work as much or as little as you want.

The Bad:

• It can take some time to build up your inventory.
• You need to be patient while the word spreads about your new business.

Resources:

• National Fashion Accessories Association
• Community of Online and Multi-Channel Retailers
• Bureau of Labor Statistics on Textile, Textile Product and Apparel Manufacturing
• Wikipedia on Belt Buckles

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Business Overview:

If you’re looking for a unique way to use your artistic talents and be your own boss, you should look into how to start an art headboard business. Traditional headboards are made of wood and have a matching footboard. Today’s modern bedroom has a “floating” mattress and box spring with no footboard. The headboard can be made from a variety of materials – painted canvas, fabric, even a photograph. Making headboards customizable opens up a vast market for people to choose exactly what they’d like the centerpiece of their bedroom to look like. Before starting your art headboard business, however, you should closely examine your artistic strengths and decide what your niche will be. If you are a skilled painter, you could offer a few “stock” painted items and also offer customers the option of a custom look. You could paint from a photograph or just an idea your customers present. If you’re not a painter but have skills as a photographer, you can enlarge your own photographs to attach to headboards. A third option uses the limitless world of digital imaging to create art for truly custom headboards. This option would be perfect for a graphic designer looking for a way to branch out into another industry. Like an artist who uses a computer as a canvas, creating beautiful digital art means the graphic designer can duplicate popular designs as well as offer custom work. If you’re skilled with a sewing machine, you can offer custom fabric headboards. All you need to get started with this business is a great website and a few tools. Each headboard will be custom made and assembled in your clients’ homes so you don’t need a lot of storage space. You’ll find that this is one of the most creatively rewarding work-from-home business ideas out there today. Not only do you get to express your artistic side and make a good profit in your spare time, your work will be the showpiece of many people’s bedrooms and that will surely get you plenty of referral business.

A Day in the Life of an Art Headboard Business Owner:

Your day will begin with a check of any new orders. You will meet with potential clients, look at their space and discuss what their needs are. You will then continue work on any ongoing projects. Depending on what your medium is, you will tweak a digital image and print it out (or take it to a print shop), continue working on a custom painted headboard or work with your clients to select the perfect photo from your portfolio. You will need to spend some time marketing your business. Contemporary style furniture stores will be most in tune with your products and if you can arrange for a headboard or two to be displayed in a few stores around town, you will see a huge bump in sales. Of course you will need to pay the furniture store a commission so be sure to consider that when pricing your items.

About Your Customers:

Your customers will be individuals and couples looking for a beautiful, modern, custom piece of art that is also a headboard.

What You Need to Start:

• Artistic skills (or an artist on staff)
• Website
• Tools and supplies (will vary depending on your medium but may include canvas, paints, fabric, glue, nail gun, etc.)
• Computer with finance software

The Good:

• This is a great way to express yourself creatively.
• It’s rewarding to create the perfect centerpiece for a living space.
• You can run this business part-time and from home.
• You don’t need a lot of storage space.
• You can charge top dollar for high quality products.

The Bad:

• Getting your first few clients can take some time.
• Installing these large pieces of art can be labor intensive.

Resources:

• Professional Association for Design
• American Home Furnishings Association
• Bureau of Labor Statistics on Artists
• Wikipedia on Headboards

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Business Overview:

If you are a skilled artist looking for a fantastic way to showcase your talents across various media, you should consider running your own animation business. Whether you are a graphic designer or a traditional artist interested in making the transition to high-tech, you will find that animation offers many options. To be truly successful with this business idea, you should first choose a niche. Animation is used in television commercials, movies and video games. Decide what your experience and interest draws you to and concentrate on that area. Next you need to design a website to showcase your projects. Create a demo that potential customers can see that shows your range. You can operate this business exclusively online or you can market to local businesses, or both. If you are not a skilled animator but see the potential of this type of business, you can hire skilled animators to work for you. Market your business by reaching out to advertising companies to see if you can contribute your animation to their current or future ad campaigns. If you live in a city with a sizable motion picture production community, meet with production companies to discuss how your business can add special effects to locally produced movies. If you’d rather concentrate on the video game sector, you can contact video game producers and show them your demo animations. This field is highly competitive so you’ll want to seek out connection with possible clients through friends, family, and word of mouth. Getting started is the hardest part; once you have a few clients, word of mouth will be a valuable marketing tool. The animation business may be competitive but it is also one of the most best online business ideas for an entrepreneur looking to get into the world of digital artistry.

A Day in the Life of an Animation Business Owner:

Your day will begin with a check of any emails or phone calls from potential customers. You will follow up with them and meet with them (virtually or in person) if needed. You will then work on any ongoing projects and make sure they are completed on time. You may need to talk to your clients throughout the design process to ensure you are both on the same page with what they need. You will spend some time during your day marketing your business by calling local businesses or placing ads on various websites. When time allows you will also create new demos and post them to your website.

About Your Customers:

Your customers will be various businesses in need of high quality animation services. They may be movie production companies, advertising companies or video game producers.

What You Need to Start:

• Animation business plan
• Experience with cutting edge animation programs or a staff of experienced animators
• Website
• Demo animation projects
• Computer with various animation programs and plenty of storage space
• Marketing plan
• Finance software

The Good:

• Animation services are in high demand in various industries.
• You can charge top dollar for high quality animation.
• You will likely get repeat business from satisfied customers.
• You can operate this business online only or work with local businesses.
• This business can easily be run part-time from home.

The Bad:

• You will need to invest in extremely robust and costly animation software and computer equipment.
• It can take some time to build your client list.

Resources:

• International Animated Film Society
• Professional Association for Design
• Bureau of Labor Statistics on Artists and Related Workers
• Wikipedia on Animation

Technorati Tags: animation business plan, running your own animation business

Business Overview:

Starting a dental claims processing business is the perfect opportunity to help dental offices and their patients while working as your own boss from home. If you have experience in claims processing you know that it is the process of facilitating payments from insurance companies to medical offices, in this case, dental offices. Each time a patient has an appointment, paperwork (a claim) has to be filed with their insurance in order for the dental office to be paid. Depending on the size of the dental staff and the volume of patients the dentist sees, this paperwork can put a strain on the office administrative personnel. More and more dental offices are outsourcing this type of work to home-based entrepreneurs. The internet has made businesses like claims processing and medical billing excellent online business ideas for those looking for a great part time business. Since you will receive claims via email, you can work as much or as little as you like as long as you stick to deadlines and maintain high quality of service. If you don’t have any claims processing experience, you can always hire a staff of skilled processors to work for you. They can also work from their homes and you would act as a liaison between your dental office clients and your staff. Although this business idea can be run totally online, you can also market your services to local dentists’ offices. Start with your own dentist and ask who does their claims processing. Explain your business and your rates and ask if you could take a portion of their claims to start. Other than contacting area dental offices by phone and direct mail, place ads on websites aimed at dental professionals such as E-Dental.com and Dental Economics. Whether you choose to operate your dental claims processing business as online only or you have local clients or both, you will find that with quick turnaround times, attention to detail and excellent customer service, you will soon need to hire additional claims processors to help you handle your numerous job requests.

A Day in the Life of a Dental Claims Processing Business Owner:

Your day will begin with a check of any new claims that have come in. You (or your staff) will complete the appropriate forms and send them off to the insurance company. You will then follow up on any previously sent forms to see if the insurance companies need clarification on anything and check to see when the payments will be made to the dental offices. You will spend some time marketing your business either locally or online, or both.

About Your Customers:

Your customers will be dental offices who need assistance with their claims processing.

What You Need to Start:

• Claims processing experience or a staff of skilled processors
• Marketing plan and materials
• Computer with finance software

The Good:

• All dental offices need claims processed and more frequently they are willing to outsource this time consuming task.
• Start-up investment for this business is very low.
• You can charge top dollar for excellent work.
• You can hire processors to work for you if you are not skilled in this area.
• You can operate this business part-time from your home.

The Bad:

• The work can be tedious; you must be extremely detail oriented and have excellent organization skills.
• It can take some time to build up your client base.

Resources:

• American Medical Billing Association
• American Dental Coders Association
• American Dental Association
• Bureau of Labor Statistics on Insurance Claims and Policy Processing Clerks
• Wikipedia on Insurance

Technorati Tags: starting a dental claims processing business

Business Overview:

Learning how to start a wig business is a great way to keep up with fashion trends as well as help those who have lost their hair due to illness. Wigs are not just a costume accessory anymore; wigs are high fashion and are used openly by celebrities and non-celebrities alike. The quality of wigs has also come a long way making them virtually undetectable. Lace wigs are typically made with real human hair and are hand-sewn to a lace backing which makes them look very natural. When you look into how to start a lace wig business, you’ll see that they come in a full wig or a lace front wig which just has the lace work at the front of the wig at the hairline. Lace wigs are the most expensive type of wig because they are the highest quality and the most natural looking. A lace front wig sells for around $100 USD while a full lace wig can sell for upwards of $700 USD. As you can see, with a little wig knowledge, this is one of the most unique business ideas there is. Even better is that you have the choice of operating your store online or in a shop. Both have their advantages. Having an online only business allows you the freedom to make your own hours and not have to lease a physical space for your wigs, other than a small climate-controlled storage space. Operating a physical storefront will allow customers to see and try on wigs before purchasing them. Once you decide what type of store you will open, you need to look at all the different lines of wigs and determine what your niche will be. You could focus on different ethnicities like African-American, Caucasian and Latino or you could market your business to individuals who have lost their hair due to illness. In this case, you would need to carry a few types of each wig and perhaps add a few more types for the elderly. You could go even further and even carry children’s wigs. If you operate online, it’s important that you offer tips on how to determine what length, texture and color your customers should order. Include a detailed FAQ section and be sure to have an easy-to-use customer support system whether it be phone support or email. If you have experience in a hair salon or operate your own home salon, you no doubt have experience fitting and attaching wigs. This would be the perfect online business idea that you could run alongside your salon business. To increase your sales, you should also offer items like wig caps, adhesives and hair accessories (headbands, ponytail holders, etc.). A little expertise, high quality wigs and excellent customer service will be all you need to run a successful wig business.

A Day in the Life of a Lace Wig Business Owner:

If you operate a physical store, your day will begin by making sure your wigs are neatly displayed before opening your store. You will likely have a small staff helping you throughout the day as you assist customers in finding the perfect wig for their needs. If you operate exclusively online, you will begin your day by checking any questions from potential customers and quickly responding to them. You will check any new orders and get wigs boxed and ready to ship out to your customers. You will spend a portion of your day marketing your business – if you only sell locally, you will need to establish a relationship with hospitals and ask them to refer clients to you who are having hair loss issues due to illness. You’ll also want to leave fliers in local boutiques, wedding shops and other fashion stores. If your business is online only, you will place ads on sites frequented by your target market.

About Your Customers:

Your customers will be individuals who need high quality wigs for fashion or those who have lost their hair due to illness.

What You Need to Start:

• Knowledge of wigs and how to fit them
• Inventory of wigs
• Storefront or website
• Wig displays for physical store (Styrofoam or plastic mannequin heads)
• Website for online only store
• Wig and hair accessories (wig caps, barrettes, etc.)
• Computer with finance software

The Good:

• The popularity and acceptance of wigs is on the rise.
• The start-up investment is relatively low.
• Customers will pay incredibly high mark-up for top quality wigs.
• Excellent customer service will keep customers returning.
• You can run this business either online or from a physical store.
• Franchises are available to help you get started.

The Bad:

• This industry is highly competitive and without a well-defined niche, your business can flounder.
• You must have experience with wigs and be able to help customers of all “experience” levels find just the right item.

Resources:

• Hairdressing and Beauty Industry Authority
• American Hair Loss Association
• Bureau of Labor Statistics on Hairdressers, Hairstylists and Cosmetologists
• Wikipedia on Lace Wigs

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Business Overview:

If you’re looking for a truly lucrative online business opportunity, consider learning how to start an internet marketing business. With this business idea, you consult with offline business owners and do online marketing for them to help them increase their revenue. By doing so, you’ll be producing a highly valuable service as many small and big business owners lack the time and/or knowledge and ability to do online marketing themselves, despite the powerful impact that it can have on their bottom line. Recent studies have suggested that a major shift is taking place away from traditional media and towards online forms of marketing, with online marketing expected to steadily increase as times goes on. Therefore, by providing online marketing services to small and big businesses you’ll be providing a service that could be essential to the survival of your clients’ business in years to come—making this a very rewarding business opportunity. Two of the main online marketing services which you will provide to promote your clients’ businesses online will be search engine optimization and social media marketing. When people go online they typically use search engines to find businesses, products and services. You will help the businesses you promote to attract more clients through search engine optimization by creating a website for them (if they don’t already have one) and optimizing it to attract customers through popular search engines such as Google and Yahoo. You will do this by optimizing your clients’ websites to rank highly for specific search terms and phrases that are related to the products and services they provide. In addition to search engine marketing, social media marketing will be another major form of online marketing that you will do for your clients. Social media has grown immensely in recent years and has become a very effective medium for marketing businesses online. This is because it provides a mechanism through which people and businesses can build relationships and trust with people in their market. With your internet marketing business, you’ll make use of this relatively new and valuable medium for online marketing by promoting your clients’ businesses effectively on popular social media websites such as Facebook, YouTube, and Twitter. Other forms of online marketing that you can offer to promote your clients’ businesses might include pay per click marketing and banner ad marketing. If you are not currently an expert on online marketing this may all sound intimidating. However, there are quality training products and courses that you can take to acquire the necessary expertise in the various forms of online marketing. Alternatively, you can outsource your search engine, social media and other forms of internet marketing to experts for a relatively low cost and still make a good profit. As mentioned earlier, the demand for internet marketing is set to grow in the years to come, meaning the demand for your services is likely to increase more each year. One internet marketing project can land you contracts of $3,600 USD to $12,000 USD or more per year. Because of the recurring nature of internet marketing services, most of your clients will pay you on a monthly basis, meaning you’ll be able to build up a solid and dependable residual income. Top internet marketers earn six or even seven figures or more annually, and this type of income can definitely be within your reach if you are committed and work hard to make your internet marketing business a success. Despite the high income that you can potentially generate with this business, the start-up costs are relatively low—and this is one of the best online business ideas to start from home and run part time initially. Learning how to become an internet marketer, therefore, truly does represent a fantastic business opportunity to anyone willing to seize it.

A Day in the Life of an Internet Marketing Business Owner:

As a successful internet marketing business owner, a typical day will begin with a review of your calendar. You may have several appointments booked with business owners with whom you will meet (either in person if they’re local, or over the phone or internet chat if they’re not) and consult with on the best internet marketing services and strategies for their business. Having determined your marketing strategies for each of your specific clients, you will then set about marketing your clients’ businesses online. Each of your clients’ businesses will be unique, but the online marketing strategies that you employ will be fairly universal. All of your clients will require a website, which you will create for them if they don’t already have one. You will then optimize their websites for search engine marketing, and you will set up search engine and social media marketing campaigns that are best suited to your clients’ businesses and the type of services and products they provide. You may also set up pay per click campaigns, and promote your clients’ businesses via online banner ads. Of course, you can outsource the various elements of your online marketing (search engine, social media, etc.) to experts who will do it for you—and with a thriving internet marketing business you will likely take this approach as it will allow you to be more effective and gain more leverage and time. In this case, in addition to meeting with prospective clients, a typical day would be spent focusing on growing your business by marketing it effectively to attract more clients, as well as overseeing the general smooth running of your current internet marketing projects.

About Your Customers:

Your customers will be small, medium, and large business owners who want to market their businesses online.

What You Need to Start:

• A strong all-around level of knowledge and expertise in internet marketing methods (search engine marketing, social media marketing, pay per click etc.)
• A website on which to market your services
• Marketing to promote your business
• A high speed internet connection
• A business license

The Good:

• You can start this business at a low cost.
• You can run this business from your home (or from anywhere in the world with access to an internet connection).
• You can outsource your marketing services (search engine, social media, etc.) to others and still make a strong profit.
• It can be very lucrative—top internet marketers earn six or even seven figures or more annually.

The Bad:

• If you aren’t currently an expert in internet marketing, it can take some time to acquire the necessary all-around expertise in the various forms of online marketing.
• Achieving success as an internet marketing consultant won’t happen overnight and will require commitment and dedication.

Resources:

• Internet Marketing Association
• Search Engine Marketing Professional Organization
• International Internet Marketing Association
• Bureau of Labor Statistics on Management, Scientific and Technical Consulting Services
• Wikipedia on Internet Marketing

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