Connect with us

Business Services

Prospecting Agent

Feel out sales leads for your clients.

Entrepreneur

Published

on

Business At A Glance

Prospecting Agent

Startup Costs: $50,000 – $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

In a nutshell, a prospecting agent generatesand qualifies sales leads for their clients. However, the serviceshould not be confused with a telemarketing service, as a prospectingservice never attempts to close a sale or go beyond qualifying a saleslead for their clients. Prospecting agents are paid for each lead theygenerate, and the higher the value of the client’s products andservices, the larger the fee for supplying qualified leads.Additionally, some prospecting agents also generate sales leads firstand then sell the leads to the highest bidder. An example of this wouldbe a prospecting agent that sets up a display booth at a home andgarden trade show and collects names, addresses and contact informationfrom people that are considering a home improvement renovation. Thetype of renovation they are considering will dictate what kind of homeimprovement company the prospecting agent will approach to purchase theleads.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

Advertisement
Comments

Business Services

Errand Service Business Opportunity

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

Entrepreneur

Published

on

errands-business

running-errands-for-people

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.

Continue Reading

Business Services

Translation Service

Speak multiple languages? Go into the translating business.

Entrepreneur

Published

on

Business At A Glance

Translation Service
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

How to do you say ‘party of the first part’ in Spanish? If you know the answer, or if you know someone who does, then a language translation service might be just the business for you. Language translators are in big demand these days. International commerce is growing as fast as the internet, and while we may believe that English is the world’s linguistic choice, it’s not.

So people who can translate documents from one language to another are in high demand. As a language translator, you’ll interpret all sorts of documents, from books to private letters to product labels, but your greatest source of revenue will be legal and medical companies. You can specialize in the one or two languages you speak fluently, or you can hire other linguists to translate dozens of other tongues. You don’t actually have to speak anything other than English–you can function as the management and administrator for your bilingual freelance consultants.

The advantages to this business are that you can work at home, you can start part time, you’ll deal with all sorts of interesting people and materials, and if you like the nuances of languages, it’s always fascinating. You (or your consultants) will need a definite fluency in your specialty languages. High school French is not enough, especially if you’ll deal with legal and medical documents. An understanding of medical or legal lingo is also a plus so that your translated materials come out sounding like the real thing. You’ll also need good administrative and organizational skills.

The Market

Your customers can be anyone who needs something translated, but your best sources will be the legal and medical communities. You can also target book publishers, government institutions like welfare agencies and immigration services, insurance companies, and import/export firms. Send direct-mail brochures to targeted businesses. Place ads in trade publications and introduce yourself to supervisors and administrators at local hospitals and institutions.

Needed Equipment

Certification as a translator is a plus but not a necessity–if you’re a doctor, a nurse, an attorney, a paralegal or are otherwise well-versed in the lingo of the profession, you’ll be way ahead of your competition. You’ll need a computer with the usual office software, a laser printer, and a fax machine. There’s a variety of translation software on the market, but since they tend to translate verbatim regardless of context, they don’t really do the trick–in most cases you’re better off without them.

Continue Reading

Business Services

Telephone Answering Service

Give callers a live person to talk to with an answering service.

Entrepreneur

Published

on

Business At A Glance

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

Business Overview

The only talents needed to start a home based telephone answering service are a pleasant telephone manner and excellent communication skills. Business owners, professionals and sales consultants are all starting to realize that customers want the personalized service of talking to a live person when they call a business, not a prerecorded message. Many business owners are turning to forwarding their calls to a telephone answering service after normal business hours, on weekends, during lunch breaks and when no one is available to take incoming calls.

Services provided by a telephone answering service include: answering incoming calls, answering basic customer questions, forwarding messages and often additional office services, such as sending and receiving faxes and e-mails. Rates are based on the number of services provided for clients, and standard nonbusiness-hour telephone answering rates start at about $200 per month. Securing 10 to 15 clients for the service could easily generate business revenues in the range of $3,000 to $5,000 per month.

Continue Reading
Advertisement

SPOTLIGHT

Advertisement

Recent Posts

Follow Us

Sign-up for Daily Newsletters

* indicates required
*
We respect your privacy 
Advertisement

Trending

FREE E-BOOK: How to Build an Entrepreneurial Mindset

Sign up now for Entrepreneur's Daily Newsletters to Download​​