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Retail Business

Network Marketing

Find a product you love and start selling to your friends and their network.

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Business At A Glance

Network Marketing

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

Business Overview

Network marketing is one of the hottest retail industries out there. Itfunctions on the idea that you sell products to people who in turn sellto other people who sell to other people . . . and so on. Networkmarketing programs feature a minimal upfront investment–usually a fewhundred dollars or less for the purchase of a product sample kit–whichgives you the opportunity to sell the product line directly to family,friends and other contacts.

Most network programs also ask that yourecruit other sales reps–those same family members, friends andacquaintances. These sales rep recruits constitute your ‘downline,’ andtheir sales generate income for you. Then whoever they recruit becomespart of their downline as well as yours, generating income for them aswell as for you.

So the more people you bring on board, the better yourincome potential. If you’re a sales-savvy type who can convince othersof the beauty of this plan and keep them selling sales memberships (aswell as products), you can earn a substantial amount of money. Andyou’ve got lots of network marketing plans to choose from.

The mostpopular sell health supplements and beauty aids, but you can go witheverything from long-distance phone services to fine art prints. Theadvantages to this business are that start-up costs are minimal, hoursare flexible, you can start part-time, and you can work from home.

About the only thing you need in this business is a sense ofsalesmanship. If you’ve got a background in sales, you’re ahead of thegame, but if not, you can still succeed. Just make sure you believe inthe products and the company you’re working with. Honest enthusiasmgoes a long way toward convincing others to buy.

The Market

Your customers will be anybody and everybody you know or meet. Mostnetwork marketers start off soliciting friends and family. If there areothers working for the same company in your area, they may haveorganized weekly meetings at which salespeople and prospects gather tocheer each other on and sign up new members.

If so, make it a point toattend with your own prospects. It’s harder for people to decline yourinvitation to join in a room full of other enthusiastic newbies. Inthis business, it’s important to keep your distributors selling. Don’tsell them a membership and ignore them, or they’re liable to drop downtheir link in the chain.

Talk to them often about how they’re doing. Gowith them on sales calls to offer moral support and enthusiasm and helpsign up prospects. Many network marketers sell via the party plan. It’seasy and it’s fun. Have a host or hostess invite friends to sample yourproducts. You sell products, sign people up, and the party-giver gets afree gift or a discount on her purchases.

Needed Equipment

You don’t need any special tools or equipment, except for a phone tokeep in touch with your distributors, parent company and prospects, anda car to go out and sign people up and attend the weekly pep-talkmeetings that are a feature of this business.

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Retail Business

Glass Shop

A glass shop could be the window to your entrepreneurial future.

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Business At A Glance

Glass Shop

Startup Costs: $10,000 – $50,000
Online Operation? No

Business Overview

Windows, tabletops and mirrors’-the need forglass is everywhere. That’s why a glass shop in your community is agood business to start. Operating this kind of specialty businessrequires experience in glass cutting and glass installation techniques,which is called glazing; or a person with these skills is called aglazier.

Providing you or your staff possess this sort of workexperience and ability, then opening a glass shop can be a veryprofitable business to own. There are a great many types of glassinstallations the business could focus on.

Or you may want tospecialize in one or two specific areas, such as custom glass tabletops or only installing construction equipment glass, such aswindshields. This business venture can be costly to establish. However,once you have identified the market that you will be catering to, thebusiness can easily generate profits that can exceed $75,000 per year.

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Retail Business

Used Restaurant Equipment Sales

Sell used restaurant equipment to restaurateurs looking for a deal.

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Business At A Glance

Used Restaurant Equipment Sales
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? Yes

Business Overview

Did you know that starting a restaurant is one of the most common new business ventures? But did you also know that more than 90 percent of new restaurants go out of business within the first five years? The combination of these two facts is the basis for starting a business that buys and sells secondhand restaurant equipment like grills, fryers and coffee machines.

Simply put, when one restaurant goes out of business, you purchase their equipment. Then, when another restaurant opens, you resell that same equipment for a profit. This type of business venture can be started and operated from home initially (if you have storage space) and moved to a larger location as the business expands.

Furthermore, you can offer general restaurant equipment but you can also specialize in one particular type of restaurant equipment, such as deli equipment or grills. The potential to earn large profits from selling secondhand restaurant equipment is outstanding, and this business opportunity definitely warrants further investigation.

The Market

Your customers are new or current restaurant owners looking to purchase equipment. You will also have to court former restaurant owners whose equipment you want to purchase.

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Retail Business

Used Appliance Sales

Buying secondhand appliances for resale is a tidy way to clean up profits.

Entrepreneur

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Business At A Glance

Used Appliance Sales

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

A tidy profit can be earned by selling usedappliances, such as refrigerators, stoves, washers, and dryers, rightfrom a homebased location. Get started by building a resource libraryin terms of appliance models, manufacturers, and retail selling priceswhen new.

This type of resource library will prove invaluable whenbuying secondhand appliances for resale purposes. To secure a initialinventory of used appliances to sell, begin by attending auction sales,garage and estate sales, and scanning your local classified newspaperads for good used appliances at bargain basement prices.

Your targetmarket for resale will include people on a budget, owners of secondaryhomes, and owners of residential rental and apartment properties. Somebasic knowledge of home appliance repair will come in handy, as well asa good, heavy-duty moving dolly and a pickup truck or utility trailer.Aim to maintain a 50 percent markup on all appliances sold and togenerate gross annual sales of $50,000 and this simple part-timehomebased business will produce gross profits of $15,000 per year.

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