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How to Start a Judgment Recovery Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Judgment Recovery Business Business Overview:

If you’re looking for a highly lucrative but largely untapped business opportunity, you should learn how to start a judgment recovery business. Every day civil judgments are being awarded in courts all over the world, but what many people don’t realize is that 80% of all judgments awarded in courts are never paid. What this means is that when one person (the plaintiff) sues another person (the defendant) in a small claims court, and wins the case, 80% of the time they never receive the money awarded. The reason this happens is because courts cannot collect the money for the judgment winners; the collection of the money awarded is actually up to the judgment winners themselves. Many powerful enforcement tools are available to the winner to help them collect their winnings, yet most judgment winners do not know how about them. Therefore with no pressure to pay up from the courts, the defendants, in 80% of the cases, are able to walk away without ever paying the judgment. With a judgment recovery business you help judgment winners to collect the debt that is rightfully theirs by utilizing the various collection methods available. In most countries the defendants’ wages can be garnished, property can be taken and sold, bank accounts can be frozen and turned over, drivers’ licenses can be suspended, and much more. With this business you will make full use of the array of enforcement tools available to help your clients to get their money. Having done so, you then charge your client a percentage of the money won. The percentage charged by judgment recovery specialists varies, but successfully retrieving an awarded $6,000 USD for your client could easily earn your business as much as 50% ($3,000). Therefore you can potentially make huge profits if you target higher-end clients seeking to retrieve big money awards. Indeed, the profit making potential behind this business idea is truly huge because judgment recovery is a largely untapped service. Despite recent figures showing that $200 billion USD (including $41 billion USD in uncollected child support payments) is owed in the USA alone, judgment recovery is a fairly low-competition business. Many entrepreneurs haven’t yet realized or tapped into the potentially massive opportunity presented by the mass of unpaid debt that is currently left outstanding. Therefore, if you start this business it is unlikely that you will face much competition, at least locally. What’s more, you can easily run this business from the comfort of your own home, and you can do so safely and with peace of mind because the actual garnishing of money from defendants will be done for you by local sheriffs or levying officers. You will contact these authorities and utilize them for your client to help them obtain their winnings, but you won’t have to personally confront defendants in order to do so. So if you’re looking for a lucrative and freedom-enhancing business opportunity, this could well be the business for you.

A Day in the Life of a Judgment Recovery Business Owner:

As a judgment recovery business owner, your day will begin with a check of your schedule to review which cases you have to work on today. You will then set out to recover the debt owed by the defendant to your clients. To do this you will make use of one of more of the various methods available to you. For example, you can have defendants warned that their wages may be garnished, that their property can be taken and sold, that bank accounts can be frozen and turned over, and that their driver’s license can be suspended (among other possible measures). If such warnings were to prove ineffective, you would set about actually enforcing these measures in order to obtain the owed money. While you will be taking action to retrieve money for judgment winners from defendants, it is important to know that you will never have to personally confront defendants. Instead, you will be contacting the local sheriff’s departments, or levying officers, and they will do all the garnishing for you. Having successfully collected the money on behalf of your client, you will then charge your client a percentage of the money won.

About Your Customers:

Your customers will be individuals who have won lawsuits, but have been unable to collect the money owed to them by defendants.

What You Need to Start:

  • Training in judgment recovery (courses are available locally in most places)
  • Access to a local courthouse so that you can go through civil records for a list of potential clients
  • Access to public records databases to help you locate and assess a debtor’s assets
  • Accounting software
  • Business license

The Good:

  • You’ll be helping judgment winners to retrieve money that is rightfully theirs.
  • There’s a huge market of potential clients for this business—80% of all judgments awarded in courts are never paid.
  • Despite the huge market, this business is relatively uncompetitive.
  • Due to the huge market and relative lack of competition, you can potentially make huge profits if you target the right types of clients.
  • You can start this business at a low cost.
  • You can start and run this business from the comfort of your own home.

The Bad:

  • Starting a judgment recovery business will require you to invest in training in judgment recovery methods and procedures.
  • You will need to be very proactive with your marketing, as many potential clients won’t know that judgment recovery services even exist.

Resources:

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Keys to the Past: Starting a Genealogy Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Genealogy Business 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:

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Starting a Dental Claims Processing Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Dental Claims Processing 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:

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How to Become a Notary Public & Start Your Own Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Become a Notary Public Business Overview:

If you’re looking to start a business that offers a valuable service to other businesses and individuals, you should learn how to become a notary public. Also known as a public notary or a notary, a notary public is a state licensed public officer with many different functions such as witnessing signatures on official documents, oath administration and taking statutory declarations and affidavits. When you look into how to become a certified notary public, you’ll find that the requirements vary greatly by state. Depending on your state’s requirements, the cost to become a notary will also vary. For example, in Oklahoma, you only have to have the notary seal stamp and $1,000 USD bond and the minimum cost is just $46.95 USD. However, the requirements in California include the notary stamp and a $15,000 USD bond, as well as an official journal of notary acts, inkless thumbprinter and state-required online training. The minimum cost to become a notary in California is $155 USD. Although not required, liability insurance which protects you in the case of personal errors and omissions is recommended. Although not required in every state, it’s a good idea to take a training course to familiarize yourself with your state’s rules and guidelines. Once you have met all the requirements of your state and have all your supplies in hand, you need to decide which businesses you will target for your marketing campaign. Businesses that use notaries often are attorneys’ offices, banks and insurance companies. Any business that uses legal documents will likely need the services of a notary public. Distribute business cards to businesses around town to let them know you’re available. Prices for notary services are typically set by the state so you don’t need to worry about how much to charge. As you can see, becoming a notary is one of the best business ideas out there for someone looking for a part-time venture.

A Day in the Life of a Notary Public Business Owner:

Your day will begin with a check of your email and voicemail to see if there are any new requests for your notary services. You will need to arrange meetings with your clients to notarize their documents at their places of business. Between meetings, you will distribute business cards around your area advertising your services.

About Your Customers:

Your customers will typically be businesses needing notary services for a variety of legal documents. You will also have some individuals as clients who need documents notarized.

What You Need to Start:

  • State certification
  • Notary public stamp
  • Other requirements as determined by your state
  • Transportation
  • Computer with finance software

The Good:

  • A notary public business can easily be run part –time and from your home.
  • The demand for notary services will always be high.
  • The startup costs are low.
  • This is an excellent way to earn extra income.

The Bad:

  • Prices are set by your state so you have no say in how much you charge for your notary services.
  • Depending on your state, it can take some time to meet all the requirements to become a notary public.

Resources:

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How to Start a Call Center

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Call Center Business Overview:

If you’re looking for a way to put your customer service skills to work for other businesses, you should look into how to start a call center. A call center is a centralized office where a staff of telephone operators typically take incoming customer service calls from customers of the call center’s clients. Be sure you understand the difference between a call center and an answering service which can be run from your home, typically takes calls when your clients are not in the office (after hours, lunch, meetings, etc.), and does not offer customer service. A call center houses a team of employees who work at all hours of the day and night depending on the time zone of the customer. This type of call center is also different from a home-based call center in that it is a much larger operation, usually with a sizeable staff. If you have experience in a call center, you know that more and more businesses are outsourcing their customer service to these facilities to free up their own staff so that they can concentrate on other areas of their business. If you’ve wondered how to start a call center business, the first thing you should know is that there are many different types of businesses you can market your services to. Next you’ll need to decide whether to purchase a franchise call center or start one from the ground up. A franchise will come with all the equipment you’ll need so this may be the easier option if you want to get up and running quickly. Once you’ve selected a location and found your equipment, you need to know how to run a call center successfully. To be successful with this business idea you need to have topnotch customer service personnel. Hiring a staff that has experience on the phone dealing with customers will go a long way in being able to attract new clients. Since most large companies already have a call center, you should look into up and coming businesses who are just starting to have growing pains and need to start outsourcing their customer service. Check with your local Chamber of Commerce for new businesses in your area. From there you can branch out regionally and nationwide.

A Day in the Life of a Call Center Business Owner:

Your day will begin by checking in with your staff as they may be changing shifts as you arrive. If you have customers all over the globe, you will need an overnight shift. Throughout your day, you will monitor various calls to ensure quality standards are being met and customers are satisfied. You will spend a portion of your day marketing your business to other businesses. Finally, you will look at your finances to ensure your bills have been paid and your bottom line is healthy.

About Your Customers:

Your customers will be businesses that need help with their customer service.

What You Need to Start:

  • Call center business plan
  • Call center facility
  • Cubicles or desks, telephones, computers, etc.
  • High-speed Internet access
  • Staff of customer service professionals

The Good:

  • There is an increasing demand for call centers.
  • You can charge businesses top dollar for excellent customer service.
  • With your staff handling the calls, you can concentrate on marketing and oversight of your business.
  • If you hire a manager to handle the day-to-day administrative duties, you can take vacation or time off whenever you want to.
  • This business is highly scalable.

The Bad:

  • The startup costs are high.
  • It can take time to get an experienced staff hired and trained.

Resources:

Start This Business Today:

To start a call center today, we recommend you purchase Step to Call Center. This complete guide will tell you everything you need to know to have a successful call center business. You will learn how to draft your business plan, how to hire a high quality staff, how to train your staff, how to save time and money and much more. For more information or to purchase this HIGHLY RECOMMENDED kit, click here.

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Know the Ins and Outs of Starting a Braille Transcription Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Braille Transcription Service Business Overview:

Starting a Braille transcription business is the perfect opportunity for an entrepreneur to provide a valuable service to the visually impaired community. Braille is a system developed in 1821 by Louis Braille that helps the blind read and write by feeling a “code” of raised dots. There is a huge market for transcribing standard texts into Braille. Unlike standard transcription or even more specialized medical transcription, which turns audio files into electronic text files, with Braille transcription you will typically take an electronic text file and create a Braille electronic file, although smaller publishers may want you to produce a physical product that will be mailed back to them. If they want a hardcopy you will need to obtain a Thermoform printer. If you already know how to transcribe into Braille, you can start accepting jobs immediately. However, if you are not familiar with this process, you can easily hire Braille transcriptionists to work for you. You may also choose to be trained and become certified. The genres of publications that need to be transcribed are endless. A few examples of materials your business could transcribe are fiction books, children’s books, textbooks, books about health issues, and even magazines. Part of the Braille transcription process involves writing descriptions for the images on the page. Few people realize that there is quite a demand for mathematics Braille transcription and even for musical scores to be transcribed into Braille. Contacting publishing companies directly to see if any new publications have come out that they need transcribed is a great way to get started in this business. These companies will mostly likely send you a digital file which you will then transcribe and, depending on their process, either mail back the physical Braille version to them or send it to them in an altered electronic format. To make this business idea a success, you will need to not only provide excellent service but it’s important to price your services competitively. The American Council of the Blind provides a list of transcribers online. Getting your business on this list would be a great way to reach out to the Braille community. It’s also a great way to contact other transcribers to see how their businesses work and what rates they charge. Since you don’t need a storefront to transcribe and most of the communication is done via the Internet, this is the perfect online business idea for someone who wants to work from home. You can also start this business part-time and ramp up to full-time as demand rises.

A Day in the Life of a Braille Transcription Service Business Owner:

Your day will begin by checking on any new orders. You will contact the clients to discuss their needs and deadlines. Next you will continue to work on any ongoing projects ensuring you are completing work on time. If you have a staff working for you, coordinate their projects and check in on their progress. If you don’t have any projects lined up, you will need to spend your day contacting publishing houses and advertising in publications and on websites that cater to the visually impaired community.

About Your Customers:

Your customers will be publishers who need their publications transcribed into Braille. You might also have an occasional individual who needs your transcription services.

What You Need to Start:

  • Ability to transcribe text to Braille
  • Staff of transcribers (if not doing the work yourself)
  • Transcription software
  • Thermoform printer (optional)
  • Computer with high-speed Internet access

The Good:

  • You can easily run this business from your home, part time.
  • It’s highly rewarding to help people gain access to literature.
  • You can hire transcriptionists to do the work for you.
  • You can charge top dollar for high quality transcription services.
  • The demand will always be high for this type of service.

The Bad:

  • Since this is such a specialized skill, you will need patience when looking for a staff (if you are not a Braille transcriptionist yourself).
  • This is a highly competitive business that may take some time to break into.

Resources:

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How to Start a Call Center from Your Home

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Start a Call Center Business Overview:

If a home-based business idea appeals to you, and you possess a stellar telephone presence, learn how to start a call center in your home and test your skills. Let’s start with the obvious question: What exactly is a home-based call center? A home call center, or virtual call center, is used by businesses that contract out their customer service, sales, or support phone calls to a person working from their home-based office. This works for both parties in that the company does not have to pay for a full-time employee (instead you’d be an independent contractor or freelancer) and the home worker gets to do just that: work from home. For stay-at-home parents and less mobile individuals, this type of work can be a blessing—but it will only be a successful venture if a solid call center business plan is in place from the start. When researching how to run a call center of your own, you will likely find this important advice: Make sure you have a quiet space in your home to set up your call center. Many companies will insist that their virtual call center contractors have a dedicated landline telephone to service their customer calls and might even go so far as to require a room with a door to eliminate any ambient home noise (loud children, television, or voices). Beyond that, you will need a computer and the ability to negotiate your contract with the company or companies you will work with. Part of that contract should include means of payment—hourly, by the call, by the type of customer—as well as the number of hours you are expected to operate your call center. If you’ve got your ducks in a row, the next thing you’ll want to explore is how to open a call center, in other words, where to find your clients. The good news here is that many well-known businesses hire home call centers for their customer service or marketing needs, you just need to know which companies those are. The bad news is that many business scams are based on this type of business; knowing the potential snags ahead of time can keep you going in the right direction. After you’ve established your call center, you can decide if you want to add on and include more clients to your business or if you want to branch out and recruit employees to work for your call center from their own homes. If this type of business seems fitting for your lifestyle, there’s no better time to get dialing!

A Day in the Life of a Call Center Business Owner:

So much of your day will depend on the type of call center you operate—do you work for an international company and do most of your calling at night or are you free all day to call customers? Your needs and the needs of your business client will determine your hours, but you can expect to field a certain number of phone calls each business day. From customer service to technical support to telemarketing, the type of calls you make will also depend upon your clients’ needs and your particular set of telephone skills. When you’re through with your call center duties for the day, you will want to log your hours or phone calls to ensure proper payment, and wrap up any contact with your client that is necessary.

About Your Customers:

Customers of a call center business will be those companies that are in need of telephone-based solutions for their customer service or marketing needs. The companies will likely prefer a professional virtual call center because it frees up their office space or employee roster and might save them money as well.

What You Need to Start:

  • A quiet home office with a separate landline telephone and a computer
  • A good idea of the type of call work you would prefer
  • An idea of your business hours and payment requirements
  • A pleasant phone voice and articulate speaking manner
  • A natural inclination to speak to others

The Good:

  • You can often specify your own hours of operation, especially if you hire others to work the odd hours you don’t want to cover.
  • You get to work entirely from your home.
  • The business can be profitable, depending the number and type of phone calls you make.
  • You can take on employees who work for your call center (you get them the work and take a percentage of their profits).
  • If home-based work is a necessity for you, this is one of the legitimate options available.

The Bad:

  • You absolutely must be able to make phone calls in peace and quiet or you risk jeopardizing your business.
  • You might need to go through training for some of the companies you call for in order to best service their customers.

Resources:

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Why NOW is the Time to Start a Telephone Answering Service

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Telephone Answering Service Business Overview:

If a home-based business that is both easy to manage and consistent in profits is what you’re after, consider starting your own telephone answering service. This business idea is perhaps one of the easiest ventures to get into, can be started with no initial investment, and has the potential to grow to include employees of your own. Here’s how to get into the phone answering service industry: First, you will need to make sure you have the basics—a solid landline telephone (possibly with multiple lines for each business you service, but at least with Caller ID), a small tabletop or workspace, and either a computer or paper and pens. Next, you will want to brainstorm a list of businesses that might be interested in a service like yours—in this day and age, customers and potential customers are more than pleased when they call a business and get to speak to a live and professional-sounding human being, as opposed to an automated machine. There’s your marketing technique—remind the businesses you are trying to recruit how much business they stand to gain when they use a convenient and personalized telephone answering service like the one you provide. Finally, you will want to contract with the businesses who decide to use your service, determining how and how much you will be paid and what level service you will provide (business hours, paging service, etc.). As your business grows, if that’s your goal, you can add more telephone lines and hire other people to answer the calls of the businesses that your company services.

A Day in the Life of a Telephone Answering Service Business Owner:

Your work hours in this business will greatly depend on the types of businesses you service—you might have a typical 9 to 5 schedule, or you might take calls after hours for businesses that close but still want to provide top-notch customer service. When your phone rings, you will be able to determine which business you are answering for (based on the line the call comes in on), and answer appropriately. The key to this business is being professional, courteous, and well-spoken throughout each and every conversation you hold with your client’s customers. You will take messages for your customers and then, depending on your contract with them, deliver all the messages at once at a certain time or page the person the message is intended for (this paging option gives you the chance to charge more for your service; businesses like this because they get their message immediately). At the end of the day or week or month, you will tally up the number of calls you took for each of your businesses and invoice them accordingly. If you are handling your call log with ease, you might consider adding another business line or two to increase your profits. Before long, you will likely want to hire others to answer the phones so that you can continue to serve more businesses.

About Your Customers:

Your customers will be those business owners who want to provide stellar customer service, but cannot afford to staff someone just to answer phones. The business may also be outdoor-oriented or very physical (think pet groomer or tree cutter) whereby answering phones is just not an option. These businesses would benefit by having a person speaking to their existing and potential customers and getting their messages clearly and accurately. They know the value of your service and will be willing to pay your fees, assuming they are competitive.

What You Need to Start:

  • A landline telephone with multiple lines and Caller ID
  • A workspace to keep your messages and paperwork organized
  • Businesses who contract you to answer their telephones
  • Financial-tracking software

The Good:

  • You can start this business quickly and with little startup money.
  • You can add as many clients as you can handle.
  • Your business can grow to include hired employees.
  • You can work solely from home.

The Bad:

  • It might take you some time to contract with your first clients, and it will require some cold-calling.
  • You will want to ensure you can answer your calls in a quiet location that sounds professional, which might be tough if you have young children at home.

Resources:

Start This Business Today:

To start a telephone answering service today, we recommend you purchase Answer Phones for Profit. This valuable e-book outlines the business and provides a solid startup model to follow for your best business success. For more information, or to purchase this HIGHLY RECOMMENDED book, click here.

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Starting a Transcription Business the Right Way

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

Starting a Transcription Business Business Overview:

If you are an experienced transcriptionist looking to go out on your own and be your own boss, you should look into starting a transcription business. There are many different types of transcription from transcribing interviews, video recordings, and even meetings. There is a huge demand for transcription services as companies are making every effort to digitize their information. This is why you should find out how to start a transcription business. If you have the skills to do transcription, you’ll also likely have the skills to hire well-qualified transcriptionists to work for you. Experienced transcriptionists are always looking for online transcription jobs so advertising your recruiting efforts on online job boards is a smart move. To execute this business idea, you don’t need any office space because the majority of transcriptionists are looking for home transcription jobs. With this online business idea, you will be managing your staff virtually as they work from their homes around the world. This requires a special skill set since you will need to be able to motivate them and keep track of their productivity without being able to meet with them in person. Once you get your staff in place, you will need to market your business to companies looking for quality transcription. You will market your services to different types of businesses depending on the types of transcription services your business will offer. If you will offer corporate transcription for events such as meetings, seminars and interviews, you will market to corporations. If you’re targeting videos needing to be turned into transcripts, you might want to market to online entrepreneurs. And since this type of business can be done virtually, you can work with any business regardless of where they are located. As you can see, for the qualified transcriptionist entrepreneur, starting a transcription company can be a great opportunity.

A Day in the Life of a Transcriptionist Business Owner:

If you are just getting started, you will spend your day recruiting transcriptionists, reviewing resumes and performing interviews. If your staff is in place, you will check in with them to make sure they are on track for project deadlines. You will also spend a portion of your day marketing your business to other businesses. You will place ads online, make phone calls or work on direct mail advertising. You will check in on your finances to see if you have enough clients to maintain your bottom line.

About Your Customers:

Your customers will be businesses needing quality transcription services. These businesses can range from large corporations to small business to academic institutions.

What You Need to Start:

  • Transcription experience—or the willingness to learn
  • Computer with headset and foot pedal
  • Finance software
  • Staff of transcriptionists
  • Marketing plan and materials

The Good:

  • The startup cost for this business is very low.
  • The demand for quality transcription is high.
  • You can charge top dollar for your services.
  • It should be simple to find well-trained transcriptionists to work for you.

The Bad:

  • It can take some time to grow your client list.
  • It can be difficult to manage your staff remotely.

Resources:

Start This Business Today:

To start a transcription business today, we recommend you purchase Transcription Jobs System. This informative guide will give you tips on efficiency, finding clients, how to grow your business, and much more. For more information or to purchase this HIGHLY RECOMMENDED product, click here.

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How to Become a Virtual Assistant and Start Your Own Business

Looking for Capital to Start Your Business?

Are you wondering how to obtain small business financing so that you can turn your dream business into a reality? Would you like to know the best ways to obtain small business loans? Or maybe you want to know more about angel investors or venture capitalists. We highly encourage you to read our review of three solid resources that can help you with your new business financing in our article, Small Business Financing: How to Obtain the Capital You Need to Start Your Business.

How to Become a Virtual Assistant Business Overview:

If your dream is to run your own business and set your own hours, and you possess basic office skills, consider learning how to become a virtual assistant. There are a few points to reflect upon before starting a virtual assistant business. One of them is whether you will choose to become a certified virtual assistant. There are no set regulations that require VAs to be certified, but you may feel that having a certificate adds to your professional appeal—perhaps even to your hourly rate. However, you can certainly become a virtual assistant without this certification. You will need the basic supplies of a well-run office, namely a solid computer with a printer and high-speed internet connection, a reliable (landline) telephone, a fax machine, office-stock paper, and a set of business cards. Of course you’ll want to have the typical stationery supplies handy as well—envelopes, stamps, staples, etc.—in case a job has you sending off some printed material. You might even consider owning your own website to showcase your business and what you offer as a virtual assistant. While this adds to your initial investment costs, the rewards can be internationally beneficial. A website also adds to your professional appeal—it’s like donning your best suit to prepare for the interview. You can even post your fees online if you don’t feel comfortable initially discussing money. With these tools of the trade ready to go, you can start looking for VA work. Businesses seeking virtual assistants can be local, national, or even international, and you can start finding these jobs by word-of-mouth, advertising your services, sending business cards, or even joining an association dedicated to the virtual assistant business. Initially, you can take on any work that comes your way, but eventually you can limit your services to your expertise and charge a higher rate for them. You can even expand on this business idea and hire employees to work for you, thereby allowing you to simply manage your business or keep working and take on more and bigger projects. A short time after beginning your virtual assistant business, you can be well on your way to a lucrative and interesting career from the comfort of your own home office.

A day in the life of a virtual assistant business owner:

Whatever time of day you choose to begin your work, you will want to power up your computer, make sure your supplies are well stocked, and log on to your website or email to see what projects you have to complete for your day’s work. If you have employees working for you, you will want to check in with them and note their project list and anticipated completion time. Another daily task for a virtual assistant business owner is to seek new opportunities and sign on to more projects to ensure the success of your business. If you are the VA, you will want to complete your assignments efficiently and double-check your work—your reputation will be based on how well and how quickly you can turn around your projects. Finally, you will want to keep accurate financial records for your business, including supply costs, hours logged, and invoices.

About Your Customers:

Your potential customer list is practically endless and can range from individuals running businesses who need paperwork and office tasks completed to businesses and organizations with office needs greater than they can fulfill to savvy businesses that realize the big perk of hiring a VA—they save money.

What You Need to Start:

  • A fully-stocked and well-run home office
  • Business cards or other business advertising materials
  • A website
  • A solid idea of your price list
  • Clients who require your virtual assistant services

The Good:

  • You can work from home and set your own hours—part-time or full-time.
  • You can garner solid wages, especially as you master the work.
  • Your business can grow to include multiple employees.

The Bad:

  • Finding clients can feel like a challenge initially.
  • Getting enough work to quit your day job will require some preliminary legwork until your business earns a solid reputation.

Resources:


Start This Business Today:

To start a virtual assistant business today, we recommend you purchase How to Start a Secretarial Service: The Secretarial Business In-A-Box. This comprehensive kit can answer all your business questions, plus it provides letters, forms, and a startup checklist for you to ensure you’re on the right track. For more information or to purchase this HIGHLY RECOMMENDED book, click here.

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