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Business Services

Collection Agency

It’s a tough job, but someone needs to do it.

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Business At A Glance

Collection Agency
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

If you have had past experience in the field of debt collection, then a logical new business venture for you to start is a collection agency operating from a homebased location. Generally, the duties of a collection agency focus on collecting financial debts typically owed to a company or business in a nonharassing manner and utilizing the telephone and official sounding letters as your main debt collection tools.

Securing clients for the service is extremely easy, due to the simple fact that you will not be paid for your service unless you are successful in collecting the debt owed. Rates for the services are based on a percentage of the amount of money that is collected, and the longer the debt has been outstanding, the higher the fee charge to collect the debt.

Typically, a 25 percent fee would be charged on successfully collecting debts that have been in arrears for up to 180 days. Beyond 180 days the fee could increase to as much as 50 percent of the total debt collected.

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Business Services

Errand Service Business Opportunity

Help busy people get through the day by providing an errand service.

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Business At A Glance

  • Business: Errand Service
  • Start-up Costs: Minimum
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? Yes

Business Overview

Let’s face it; today’s busy lifestyles mean that a lot working people just don’t have time for even the simplest of errands, such as taking the family pet to the veterinarian for a routine checkup, buying AuntSue a birthday present, or picking up the kids after school.

Which is great news if you’re a multi-tasker looking to start your own simple,inexpensive, yet potentially very profitable business. An errand service can be operated with nothing more than a cell phone and reliable transportation.

Land clients by networking and by creating a simple marketing brochure explaining the services you provide along with your contact information.
Related: Start A Small Business, Become Self–Employed

The brochures can be pinned to community bulletin boards, hand-delivered to homes and businesses and distributed with the local newspaper.

A few promotional items such as pens and memo pads emblazoned with your company logo, name and telephone number given out to potential customers will go a long way as a daily reminder of your fast, reliable and affordable errand services.

This is the kind of business where growth is fuelled by referrals, so customer service and satisfaction are the most important goals.

The Market

Busy individuals who need a little help getting their day to day errands done. You can also market your services to small business owners.

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Business Services

Freight Broker

Match shippers and transportation services as a freight broker.

Entrepreneur

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Business At A Glance

Freight Broker

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Online Operation? No

Business Overview

Trucking plays a major role in the nation’s economy–according to theAmerican Trucking Association, those big wheels generated $346 billionin gross revenues in the most recently calculated year, employed morethan 9.5 million people and hauled 6.5 billion tons of freight.

And 77percent of all American communities rely on trucks as their sole sourceof freight delivery. If you’ve got experience in the industry, youprobably also know that it’s the freight broker who keeps those trucksrolling by arranging for delivery of consignments large and small.

Ifyou love the song of the open road but you don’t want to be on theroad, then a freight brokerage may be just the business for you. As afreight broker, you’ll work with manufacturers, wholesalers anddistributors who need to get their products across town or across thecountry with the help of trucking companies.

You can specialize in LTL(less than a truckload) cargoes or in containerized ones. Theadvantages to this business are that you can work from home and it’s anindustry that’s unlikely to disappear–transportation will always be anecessity.

A background in the transportation industry is importantbecause you’ll need not only hands-on experience, but also contacts inthe field. If you lack this experience, work for another freightbrokerage until you learn the tricks of the trade.

You’ll also needexcellent organizational and time-management skills and the ability toget things moving quickly.

The Market

Your customers can be manufacturers, wholesalers and distributors ofany types of goods and materials. You can also target companies thatexhibit at trade shows or conventions and need booths and displaymaterials moved to various sites.

Place ads in trade magazines and onimport/export Internet sites. Send sales letters and brochures tomailing lists of prospective companies. Ask for referrals fromsatisfied customers and industry contacts.

Needed Equipment

You’ll need to be licensed by the Office of Motor Carriers (a divisionof the Federal Highway Administration, Department of Transportation),and you’ll be required to carry a $10,000 surety bond or trust.

Thenyou’ll want a computer with the usual office software, a laser orinkjet printer, and a fax machine.

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Business Services

Store Display Cases

Help clients make their products the center of attention with a store display case biz.

Entrepreneur

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Business At A Glance

Store Display Cases
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Starting a manufacturing business that specializes in custom-designed and constructed store display cases and fixtures is a fantastic business that can be set up and conducted right from a homebased workshop. There are many predesigned and prebuilt display cases available to retailers. However, often merchants require display cases and store fixtures that have to be specially constructed to highlight or merchandise their inventory. There are a few marketing techniques that can be used to promote the business including joining retail business associations, networking with the association members to gather potential leads, and establishing alliances with companies that specialize in commercial store openings and renovations. Both can become an excellent source for new business and business contacts.

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