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Financial

Online Loans

Draw customers browsing for loans online.

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Business At A Glance

Online Loans

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Online Operation? Yes

Business Overview

Business startup loans, home improvementloans, and automotive loans are all types of financing services thatcan be featured on an online loans website. Banks, venture capitalistsand other lending institutions would pay a yearly fee to be listed andfeatured on the site as well as be given space within the site topromote and give details about their lending prerequisites and otherinformation.

People seeking financing for a product or project wouldlog onto the site, select the type of loan and lending institution theyare seeking, and complete and submit an application for financing rightonline. The application would be confidential and secure and beelectronically forwarded to the lending institution(s) of their choice.

Once again, specialization is the buzzword, thus you may want toconsider specializing in one particular type of financing, like homeimprovement loans. If this route were chosen, it could open doors interms of how you market the website. In the case of home improvementloans, home improvement contractors could link their website to yoursand their customers seeking financing for a renovation project would beable to complete a financing application right from the contractor’swebsite. The contractor would pay you a fee for having the service soreadily available.

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Financial

Tax Preparation Service

Your accounting and tax prep skills can give customers time to stop and smell the roses in April.

Entrepreneur

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Business At A Glance

Tax Preparation Service

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

An accounting background is preferred;however, there are training and certification courses available thatwill enable you to start your own income tax preparation service as aqualified professional. As in any business, the more you know and thebetter your skills are, the more you will potentially earn. Though taxpreparation is a seasonal service, additional income can also be gainedby providing business clients with year-round bookkeeping services.Once established, word-of-mouth advertising and repeat business willsupport the service. However, to initially secure clients for thebusiness, consider offering a two-for-one special for your first yearof operation, prepare one tax return for the regular fee, while aspouse or partner receives the service for free.

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Financial

Venture Capital Broker

Help entrepreneurs who need funding connect with VC firms.

Entrepreneur

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Business At A Glance

Venture Capital Broker

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

A venture capital broker is simply a personthat brings two parties together that share a common goal. The goalgenerally and ultimately is to create a profit. One party is theentrepreneur that is seeking capital to start or expand a business.

Thesecond party is a venture capitalist who lends entrepreneurs money forbusiness financing in exchange for a high rate of return on theinvestment or a combination of company shares and a return oninvestment. The venture capital broker that successfully brings the twoparties together is remunerated by way of commission based on the totalamount of financing that was secured. Depending on the amount of moneysecured, the commission rate will range from a low of 5 percent to ahigh of 15 percent. Securing clients for the service is as easy asscanning local newspapers for business financing-wanted classifiedadvertisements, and taking over the task of locating suitable capitalfor the venture. However, finding a source of financing can bedifficult, so be sure to only represent clients that have a viablebusiness concept accompanied by a completed business plan thatreinforces the business concept.

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Financial

Leasing Agent

Connect clients with companies leasing the products they want.

Entrepreneur

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Business At A Glance

Leasing Agent

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home
Online Operation? Yes

Business Overview

In most areas of the United States andCanada a special license is not required to match clients with lendinginstitutions that specialize in providing financing solutions on alease basis for purchases ranging from automobiles to computerequipment for business use.

Operating this service is very easy. Simplysecure clients wishing to lease a product and complete and submit thelease documents to two or three leasing companies or financialinstitutions. The lenders that reply with the best lease rates andterms for your clients are the companies that will earn your clients’and your business. Revenues for the service are earned by charging thefinancial lenders a fee or a commission based on the value of the totallease amount. Income and profit potential range is $40,000 to $100,000per year.

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