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Stock Day Trader

Consider investing in this business if buying and selling is your specialty.

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Business At A Glance

Stock Day Trader

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

With the advent of the internet, an entirely new homebasedself-employment opportunity has surfaced. This business has thepotential to generate six-figure incomes for everyday Americans whobecome day traders of stocks and commodities.

However, this opportunitycertainly has a risky downside, as the potential is as great to losemoney as it is to make it–especially for the novice and inexperiencedtrader. The key to successfully earning an income as a stock day traderis to gain as much knowledge about the industry as possible. Specializein a specific type of stock or commodities trading, have considerableinvestment capital to get rolling, and most importantly nerves of steeland an understanding of what goes up must come down. Remember, most daytraders go for short gains, buy in early and sell out the same day.Holding overnight is too much risk, especially for heavily investedtraders in unstable market conditions. Of course remember the goldenrule of stock and commodities trading: ‘never risk more than you canafford to lose.’

The Market

People who want to hire someone to manage their stock portfolios

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Financial

Venture Capital Broker

Help entrepreneurs who need funding connect with VC firms.

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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.

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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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Financial

Mortgage Broker

Help clients get the mortgages they need to purchase a home.

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Business At A Glance

Mortgage Broker

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

Help people fulfill their dreams of homeownership by becoming an independent mortgage broker. The primaryfunction of the mortgage broker is to bring together people who want toborrow money to buy real estate, with lending institutions that advancefunds for the purpose of real estate purchases.

It should be noted thatthe rules and policies for obtaining a mortgage broker’s license differamong states and provinces, but you can contact the associations listedto find out about training and licensing requirements in your area.Once a mortgage broker has received an application from a client andchecked credit and work references, the next step is to send theapplication to one or more lending institutions for acceptance orrejection.

Mortgage brokers are typically paid a commission by thelending institution that advances the mortgage funds, ranging anywherefrom a few hundred dollars to thousands of dollars, depending on themortgage amount. Sometimes, however, in more difficult fundingscenarios’second, third, or bridge financing, for instance’a mortgagebroker will also charge the borrower a fee to cover the extra workinvolved in securing suitable financing. Most mortgage brokers handlefinding residential mortgages for their clients, but you can also workwith clients who want to renew their mortgages, increase their mortgageamounts, take out second or third mortgages, use equity for bridgefinancing, or purchase commercial properties, vacant land, incomeproperties, or vacation properties. This is very much a business thatthrives on referral and repeat business, so be sure to build workingrelationships with numerous real estate brokers and agents.

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