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50 Best Part-Time Home - Based Businesses
1
Just About Everything That You Need To Know About
Part-time Home –Based Businesses
Subscription Newsletter Videographer Lawn Maintenance Service Adult Education Services
Computer Consultant Grocery Shopper Household Management Services Real Estate Appraiser
Word Processing Gift Basket Service Balloon Decorating Service Private Investigator
Bookkeeping Service Errand Service Computer Graphics Designer Mailing List Service
Painting Service Information Service Shareware and Freeware Distributor Computer Software Sales
Catering Service Garage Cleaning Service Information Business Party Planner
Mail Order Day Care Services Resume Writing Service And More
2
50 Best Part-Time
Home - Based Businesses Just About Everything That You Need To Know About
Part-time Home –Based Businesses
Who We Are
Workshop Facilitator
Part-time Business Reports
Messenger Service
Videographer
Computer Consultant
Catering Service
Grocery Shopper
Household Management Services
Real Estate Appraiser
Mail Order
Day Care Services
Party Planner
Janitorial Service
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50 Best Part-Time
Home - Based Businesses Just About Everything That You Need To Know About
Part-time Home –Based Businesses
Errand Service
Home Inspector
Mailing List Service
Private Investigator
Adult Education Services
Gift Basket Service
Painting Service
Information Service
Balloon Decorating Service
Writing / Editing Service
Information Business
Self Publisher
Word Processing
And More
Faith Institute of Entrepreneurship, Inc. (FIE) was found in
March, 2003 to provide a self-sufficiency training program
and curriculum to teach entrepreneurship (the mindset of
owning a business) to at-risk youth and adults.
This mindset of self-sufficiency will enable at-risk youth and
adults to think “making-a-job” vs. "getting-a-job”.
This training institution will also provide a life-skill, self-
esteem self-sufficiency and entrepreneurship training
curriculum that will enable at-risk youth and adults to “make-
a-job”.
4
FAITH INSTITUTE
Our workshop trainer for “50 Best Home-Based Businesses for People Over 50” Workshop is D. Harold Greene, the Executive Director of Faith Institute of Entrepreneurship, Inc, and the author of the nationally and internationally selling
“The Rites of Passage for Males Manual” (University Press of America / Hamilton Books, 2008).
He is also the author and publisher of the “ Finding My Life Purpose” Manual (Faith Publishing, 2010, “Empowering Parents of At-risk Males” Manual, (Faith Publishing, 2009), “50 Best Home-Based Businesses for People Over 50”, (Faith Publishing, 2008) “Create Your Own Job! Manual“(Faith Publishing, 2008) and “A Practical Guide to Grant Writing & Fundraising” Manual (Faith Publishing, 2008).
He is a former continuing education faculty member at three Community Colleges in Maryland. He is a Master Trainer of the Life-skills , Self-esteem and Self-sufficiency training programs offered by Faith Institute of Entrepreneurship. He is an entrepreneurship, career and life skills training consultant.
5
Workshop Facilitator
These reports were designed to give you an overall
understanding of a given business.
As you may be considering different business ventures at
this time these reports will enable you to "take a look" at a
business and on a preliminary basis decide if the business
may be suitable for you.
Once you decide that a business may be of interest to you it
is a good idea to do some additional research.
6
Part-Time Business Reports
Estimates as shown under "Vital Information" covers only
the beginning years of the business while it typically
operates with 0-2 employees.
As the business matures the figures shown would be
substantially higher. It is assumed when calculating start-up
expenses that basic office supplies and equipment (such as
computer, filing cabinet, desk, miscellaneous supplies, etc
are available).
Our research was based on the latest industry and
government publications and personal research. This
publication is designed to provide accurate authoritative
information with regard to the subject matter covered. 7
Part-Time Business Reports
Subscription Newsletter Videographer
Lawn Maintenance Service Adult Education Services
Computer Consultant Grocery Shopper
Household Services Real Estate Appraiser
Word Processing Gift Basket Service
Balloon Decorating Service Private Investigator
Bookkeeping Service Errand Service
Computer Graphics Designer Mailing List Service
Painting Service Information Service
Shareware Distributor Computer Software Sales
Catering Service Garage Cleaning Service
Information Business Party Planner
Mail Order Day Care Services
Resume Writing Service And More
. 8
Part-Time Business Reports
PART-TIME HOME BASED
BUSINESS
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Bookkeeping Service
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Vital Information
Start-up Investment Low - $3,000 High - $8,000
Break-even time - 4 months to 8 months
Estimate of Annual Revenue and Profit
Revenue $18,000 - $60,000
Profit (Pre-tax) - $14,000 - $36,000
An INescapable Fact With the money management maze becoming more and more
complex, all types of businesses are finding it necessary to employ professionals to
help them deal with the INs and OUTs of their everyday business activities. And,
although many small business owners are not in a financial position to hire full-time
bookkeepers, they find themselves without the time or expertise to do the necessary
financial record keeping.
Filing payroll taxes, keeping the books to do billing and accounts receivable and
payable, etc., are not optional tasks. They must be done. And when a business
owner can't do the job himself/herself, he/she must hire a qualified professional.
Bridal Consultant
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Vital Information
Start-up Investment - $2,500 - $4,000
Break-even time - 4 months to 8 months
Estimate of Annual Revenue - $30,000 - $60,000
Estimate of Annual Profit (Pre-tax) - $24,000 - $48,000
Description of Business According to the most recent data available, American
couples spent over $35 billion on weddings. As much as 10% of this amount went
to the over 10,000 bridal consultants in the U.S. Bridal consultants (also called
Wedding consultants) are experts in tying all the intricate details of a wedding together
and making it a successful and memorable event. This is no average task. There are
caterers (or hotels/restaurants), flower arrangements, photographer, limousine
transportation, entertainment, printers, and more.
This is an ideal home-based part-time business that has enormous growth potential. It
will require an individual who is a good organizer, salesperson, and has plenty of
energy to do a lot of local visitations of the various wedding event providers.
Carpet Cleaning Service
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Vital Information
Start-up Investment -$5,000 - $10,000
Break-even time - 2 months to 4 months
Estimate of Annual Revenue - $30,000 - $100,000
Estimate of Annual Profit (Pre-tax) - $15,000 - $45,000
Description of Business Everyone who has carpeting in their home or business is a
potential customer. The commercial market by itself is a rich and varied market:
offices, office condos, warehouses, and stores, etc. Those businesses that are image
conscious have to be presentable to their customers are especially good prospects.
Examples are: banks, medical offices, select stores, professional offices, etc.
There is a somewhat larger demand for carpet cleaning services in the colder climate
of the East and Midwest, and the demand is especially heavy in the spring and early
summer. However, this is also a flourishing business in warmer areas of the country.
Many businesses, especially those with heavy customer traffic, will have their
carpeting cleaned 2 to 3 times per year. While the commercial market is huge, the
competition is also substantial in this market segment.
Catering
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Vital Information
Start-up Investment
Low - $1,000 (working from your own kitchen)
High - $100,000 + (outfitting a professional kitchen)
Break-even time - 3 months to one year
Estimate of Annual Revenue and Profit
Revenue $80,000 - $1 million
Profit (Pre-tax) - $20,000 - $200,000
[G]astronomical Profit Potential Whether you plan to cater small, intimate affairs
every day or huge extravaganzas for 50,000 people once a year, the profit margin
potential in the catering business is extremely high. Some caterers manage to walk
away with 66% of pre-tax profits. That figure may seem hard to believe, but when you
stop and think about all the ways caterers can keep their overhead to practically
nothing it becomes a more credible figure.
You can begin your catering service out of your own home, using a spare bedroom as
your office. You can use your own kitchen (but be careful about Health Department
regulations) or perhaps rent a kitchen in a restaurant, school or church on an as-
needed basis
Computer Consultant
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Vital Information
Start-up Investment - $2,500 - $4,000
Break-even time - 3 months to 4 months
Estimate of Annual Revenue - $30,000 - $80,000
Estimate of Annual Profit (Pre-tax) - $24,000 - $70,000
Description of Business The field of computer consulting is one of the very best
markets in the field of consulting. It is growing rapidly and this growth is expected to
last for many more years. Every year individuals, businesses, government offices, and
all types of other organizations spend billions of dollars for new computer equipment.
In some instances, the purchase represents a first time computer system; in others, an
upgrading of existing equipment.
Both companies and individuals seem to be in a mode of wanting to have the latest
and fastest computers. In many instances these computers are acquired by individuals
who have no clear understanding of how to use this equipment. While many of the
computer programs have become easier to use they are still difficult enough that both
companies and individuals need outside help in working with the various applications
and equipment available.
Consulting
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Vital Information
Start-up Investment - $5,000 - $8,000
Break-even time - 3 months to 1 year
Estimate of Annual Revenue - $30,000 - $150,000 +
Estimate of Annual Profit (Pre-tax) $20,000 - $100,000 +
A consultant is an expert advisor in a specialized field. The field of consulting has
changed dramatically in the last 15 years. Previously consulting was largely done by
retired business executives and government officials. Primarily large corporations
would utilize these consultants.
Important changes have taken place. The field of consulting has opened up
substantially in total scope as to the many specialized areas that consulting is done in.
Besides the broad description of business consulting, there are now consultants who
are experts in all types of fields and some of them are not business related.
Co-op Mailing Service
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Vital Information
Start-up Investment - $4,000 - $6,000
Break-even time - 3 months to 6 months
Estimate of Annual Revenue - $60,000 - $150,000
Estimate of Annual Profit (Pre-tax) - $18,000 - $75,000
Description of Business A co-op mailing business can be operated on a local basis
serving local business clients, or it can be conducted on a national basis serving a
selection of clients from across the country.
A co-op mailing piece will consist of various advertising literature such as coupons,
cards, or full page flyers. Typically, about 20-30 non-competing businesses will make
up a mailing. The mailing is then sent to a pre-selected list of potential customers.
Essentially this type of advertising is no different than direct mail from a single
business. However, it will be substantially less expensive, and secondly, it will get a
lesser response than the single mailing. However, on a return basis, orders received
for dollars spent it should generally be much more effective.
Day-Care Provider
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Vital Information
Start-up Investment Low - $2,000 High - $5,000
Break-even time - Immediate to 3 months
Estimate of Annual Revenue and Profit
Revenue $23,000 - $53,000
Profit (Pre-tax) - $14,000 - $32,000
Parental Predicament It used to be that women worked only until they had babies.
Today, 57% of married women with children under the age of six and 70% of divorced
women with preschool-age children work outside the home, either by choice or by
economic necessity. Also, 50% of stay-at-home mothers use some form of day care, at
least part time. Since these young children can hardly be left "Home Alone", parents
must find an acceptable alternative for child care. For nearly 33% of these working
parents, day care (or family day care) is the optimal solution to this problem.
Almost $13 billion a year is spent on child care and that figure continues to grow.
According to recent figures, 1.5 million to 2 million family day-care providers are caring
for 5.5 million children. This represents more than four out of five children in all child-
care programs.
Desktop Publisher
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Vital Information
Start-up Investment
Low - $2,000 + Home-based operation.
High - $10,000 - $25,000 Buy equipment and set up office
Break-even time - 90 days to 6 months
Estimate of Annual Revenue and Profit
Revenue $20,000 - $250,000
Profit (Pre-tax) $ 15,000 - $80,000
An Exploding Market According to recent estimates by business consulting firms this
market has grown from roughly 3 million in annual sales in 1985 to almost 6 billion in
1995, and there is no end in sight. One of the real opportunities and challenges of this
business is the fact that there are still millions of clients out there that as yet do not
even know that they need the services of a desktop publishing service.
Desktop publishers use computers, laser printers and sophisticated software programs
in the preparation of high quality graphic material. Previous to desktop publishing
everything was typeset and then pasted up. Now almost all graphic design is produced
via desktop publishing.
Family Home Preparation Service
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Vital Information
Start-up Investment - $3,000 - $5,000
Break-even time - 6 months to 1 year
Estimate of Annual Revenue - $30,000 - $100.000
Estimate of Annual Profit (Pre-tax) $ 9,000 - $30,000
Description of Business There is a constant turn-over of tenants of apartments and
buyers and sellers of town houses and single family homes. Every apartment, before
it can be occupied by a new tenant, requires a thorough and professional cleaning and
other preparation services. The same is true of town houses and single family homes.
In some cities of the U.S., especially in high growth areas, the turn-over is immense.
Turn-over in apartments is by far the largest, town-houses come next and single family
dwellings last.
While some larger apartment complexes will do their own preparation services, many
will hire outside companies to perform these services. Sellers of real estate may do
their own cleaning but in many instances will use an outside company.
Gift Basket Service
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Vital Information
Start-up Investment - $2,500 - $5,000
Break-even time - 2 months to 4 months
Estimate of Annual Revenue - $20,000 - $40,000
Estimate of Annual Profit (Pre-tax) - $14,000 - $24,000
Description of Business A recent market survey of several Maryland suburbs
(suburban Washington D.C.) revealed that there were 87 Gift Basket businesses listed
in the Yellow pages. Additional checking indicated to us that almost 80% of these
businesses were home-based operations.
This is certainly an ideal part-time business, and it has the potential to be built into
something much larger over time.
Since a large majority of the working and more affluent middle class have less and less
time to do all the things that need to be done in managing job, family and, home life
businesses such as the Gift basket Industry that provide a time-saving service will
continue to prosper.
Grocery Shoppers
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Vital Information
Start-up Investment
Low - $2000 (advertising costs)
High - $20,000 (includes a van)
Break-even time - Two weeks to one year
Estimate of Annual Revenue and Profit
Revenue $15,000 - $1 million (solo at low end, with
employees at high end)
Profit (Pre-tax) - $12,000 - $500,000
Food for Thought (and Profit) In this age of two-income families, it is
a rarity to find a woman who has time to manage both her career and
her home with the finesse she would like.
As the number of frozen meals and fast food restaurants attest, when
something has to give, it is often the time spent in the grocery store.
Grocery shopping is one of the newest and potentially lucrative
services now being offered to the American consumer.
Home Inspector
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Vital Information
Start-up Investment Low - $4,000 High - $9,000
Break-even time - 3 months to 6 months
Estimate of Annual Revenue and Profit
Revenue $48,000 - $100,000
Profit (Pre-tax) - $38,000 - $60,000
Let the Buyer Beware As real estate prices have risen higher and higher, buyers are
more tuned into what they are actually getting when purchasing a home. They don't
want to have the roof cave in or the furnace blow up the first night in their new home.
Since the 1970 s, home inspections have become a more integral part of the home-
buying process. Many lending institutions now require home inspections as a
condition of making a mortgage loan, and in California, Florida and Texas, laws were
passed in the 1980 s requiring that sellers disclose any problems with their homes
before they make a sale.
If you have a background in construction, you may be able to parlay this knowledge
into a very lucrative, up-and-coming business venture. The projected growth of this
field is incredible.
Household Management Service
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Vital Information
Start-up Investment
Low - $1000 (home-based)
High - $10,000 (storefront in the city, with some advertising)
Break-even time - One to six months
Estimate of Annual Revenue and Profit
Revenue $20,000 - $500,000 (solo at low end, with ten employees at high end)
Profit (Pre-tax) - $15,000 - $100,000
Superwoman Doesn't Live Here Anymore In this era of ever-increasing costs, most
families cannot exist without two incomes. And since very few people can leap tall
buildings in a single bound ... or successfully run a household and hold down a career
... more and more often someone is needed to fill in the gaps.
We know that Household Management is a service industry, whose time has definitely
come, but the need is so great and the industry so young, it is very difficult to define
just exactly what "Household Management" is. Existing Household Management
services vary greatly in scope and services provided. Some try to be all things to all
people; others act primarily as employment agencies for household help.
Import Entrepreneur
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Vital Information
Start-up Investment
Low - $2000 (importing an inexpensive product in small quantities and selling it.)
High - $200,000 (selling a costly product directly to retail or wholesale buyers)
Break-even time - Three months to three years
Estimate of Annual Revenue and Profit
Revenue $200,000 - $4 million
Profit (Pre-tax) - $30,000 - $1 million
The Shrinking Globe As our communication and transportation capabilities become
more and more sophisticated, the marketplace ceases to be localized and becomes
international. Whether we like it or not (and some lobbying groups expend a great deal
of effort to keep foreign products out of the U.S.), our import/export revenues continue
to grow. American import/export revenues exceed the Gross National Product of
many of the countries who are our trading partners.
While the giant corporations (Fortune 500 companies) export 80% of the goods going
out of the country, internationally small businesses run the import side of the equation.
And there appears to be no end in sight.
Information Detective
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Vital Information
Start-up Investment
Low - $5,000 (a home office)
High - $20,000 (an office with one employee)
Break-even time - Three month to one year
Estimate of Annual Revenue and Profit
Revenue $25,000 - $1 million
Profit (Pre-tax) - $15,000 - $200,000
A Golden Needle in the Haystack? It is said that the world's knowledge is doubling every
eight years! That's a staggering and impressive figure, assuming all that knowledge is
accessible to the people who need it. Fortunately for the several thousand "Information
Detectives" operating in the U.S. today, the average corporation, writer, journalist, student,
doesn't have ready access to the facts and figures they need and trying to unearth the
appropriate information is a great deal like looking for a needle in a haystack.
Information detectives are paid to find the needle their client needs. They primarily use
computerized data bases, but it doesn't stop there. They often need to leaf through
reference books, publications and, on occasion, interview experts. The key to success in
this service industry is knowing where the bodies are buried.
Information Services
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Vital Information
Start-up Investment - $4,000 - $5,000
Break-even time - 3 months to 6 months
Estimate of Annual Revenue - $40,000 - $100,000
Estimate of Annual Profit (Pre-tax) - $32,000 - $80,000
Description of Business To say that we are in the midst of an information explosion
is not an exaggeration by any means. Electronic information processing has given us
access to all types of information that in the past was only available to Government
offices, Fortune 500 Corporations and major universities.
Various on-line services and most of the entire Internet have made it possible for
anyone who owns a computer equipped with a modem to access billions of pieces of
information.
This is most definitely an ideal part-time business for anyone who has a high degree of
computer proficiency. Additionally some background in information gathering in either
a library environment or in information technologies would be a strong plus.
Janitorial Service
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Vital Information
Start-up Investment
Low - $4000 (solo operator)
High - $75,000
(buying a small operation or starting with a half dozen employees)
Break-even time - One month to two years
Estimate of Annual Revenue and Profit
Revenue $50,000 - $15 million
Profit (Pre-tax) - $35,000 - $1.5 million
Cleaning Up The janitorial services industry is one of the fastest growing
industries in the United States, according to the Building Service Contractors
Association International
Most banks and insurance companies (and many other types of commercial
accounts) don't want to spend their time hiring and supervising cleaning crews.
They don't want to deal with the problems inherent to this industry, such as the
extraordinarily high turn-over ratio. But a client’s unwillingness to handle the
problems is what makes this industry so potentially profitable and attractive as
a start up business for you.
Lawn Maintenance Service
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Vital Information
Start-up Investment - $4,000 - $6,000
Break-even time - 2 months to 6 months
Estimate of Annual Revenue - $25,000 - $70,000
Estimate of Annual Profit (Pre-tax) - $18,000 - $56,000
Description of Business A lawn care business is an excellent business to start on a
part-time basis and as the business grows it can be developed into a full-scale
landscaping business. Most start-up lawn care businesses will target the residential
market. While the commercial market is lucrative it is generally serviced by larger lawn
care businesses and landscaping businesses.
A lawn maintenance business can add other services to its grass cutting operations.
Some of the services that can be performed in addition to the grass cutting are
chemical lawn fertilization and other chemical treatments, smaller landscaping
projects, cutting and trimming of hedges and small trees, etc, leaf removal in the fall,
and gutter cleaning services.
Maid Service
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Vital Information
Start-up Investment
Low - $1,000 (liability insurance, ads or flyers)
High - $3,000 (putting together an employee team)
Break-even time - One month to three months
Estimate of Annual Revenue and Profit
Revenue $15,000 - $500,000 (solo at low end, with full-time employees at high end)
Profit (Pre-tax) - $10,000 - $200,000
Not Just for the Rich Anymore The number of women working outside the home
has now exceeded the 45 million mark and continues to grow. Is it any wonder that
more and more women are finding it impossible to keep up with the responsibilities of a
career and home? An offshoot of this phenomenon is an upsurge in the demand for
good maid services.
Starting a business in this industry requires very low initial expenses and, other than
good organizational ability and not hating housework, not a great deal of experience. It
is also an industry where you can work alone actually doing hands-on work or you can
spend your time managing a group of employees and rounding up jobs.
Mail Order
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Vital Information
Start-up Investment - $1,000 - $10,000
Break-even time - 4 months to 1 year
Estimate of Annual Revenue - $20,000 - $500,000
Estimate of Annual Profit (Pre-tax) - $3,000 - $130,000
Description of Business Thousands of product categories are sold through the mail.
Almost anything that can be bought in a retail store can be bought by mail. Mail order
selling has many advantages of traditional retail marketing.
The advantages for the mail order business:
• The business start-up expenses are significantly less expensive than for a retail
outlet.
• The business can be easily started on a part-time basis.
• The mail order business has a much larger potential customer base than the retail
outlet.
Mailing List Service
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Vital Information
Start-up Investment Low - $2,500 High - $6,000
Break-even time - 3 months to one year
Estimate of Annual Revenue and Profit
Revenue $10,000 - $75,000
Profit (Pre-tax) - $8,000 - $50,000
Wait a Minute Mr. Postman With a modicum of effort and a computer with a large
hard drive, you can start your own mailing-list service. There are several ways you
can earn money in this type of endeavor: These include: (1) Creating and maintaining
mailing lists for your customers; (2) Producing new mailing lists that you store on your
computer and sell or rent to direct mail companies; and (3) Selling regular updates of
your lists.
The faster and more accurate your typing skills are, the more money you can make. If
you have a problem typing numbers (remember addresses are predominantly
numbers), you may want to take a numerical refresher course before you go into
business.
Messenger Service
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Vital Information
Start-up Investment -
Low - A home-based operation using personal automobile. Less than $400.
High - Hire several drivers, buy or lease vehicles, set-up office. $50,000 and up.
Break-even time - 60 to 120 days
Estimate of Annual Revenue and Profit
Revenue $20,000 - $700,000
Profit (Pre-tax) $14,000 - $175,000
This Market is Immense One thing is for sure the more technology we develop and the faster it
works, the less time we have. We recently saw this ad in the Yellow Pages under Messenger
Services: "Panic Deliveries” One of the Fastest Surest Delivery Services in the Area. This really
describes the market well.
Everybody is in a panic to get all types of things from point A to point B. And both companies and
individuals are willing to pay a price.One of the factors that will continue to drive this business is the
lack of dependability of the U.S. Postal Service. A few years ago you could be 95% sure that
anything mailed First Class would get to its destination the next day if it was in a radius of about
150 miles.
Newsletter Publishing
33
Vital Information
Start-up Investment - $6,000 - $10,000
Break-even time - 6 months to 9 months
Estimate of Annual Revenue - $70,000 - $150,000
Estimate of Annual Profit (Pre-tax) - $30,000 - $90,000
Description of Business The Newsletter publishing business has been aided by
market forces. Since there is an overabundance of information available on any
subject it is difficult for both individuals and businesses to manage all this information.
The newsletter publisher serves this market by giving the reader (subscriber)
specialized information on a rather narrow subject. Newsletters rarely offer advertising
space so there sole income depends on subscriptions. A newsletter can be geared to
primarily a business audience or individual readership.
This is a wonderful part-time business for someone who enjoys writing and has good
to excellent knowledge of a particular field.
Painting (Residential)
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Vital Information
Start-up Investment -$4,000 - $7,000
Break-even time - 2 months to 4 months
Estimate of Annual Revenue - $30,000 - $100,000
Estimate of Annual Profit (Pre-tax) - $18,000 - $50,000
Description of Business Approximately 35% of all painting
done is residential, about 50% is commercial, and the remaining
15% is industrial. Painting is done both on interior and exterior
surfaces. Depending on climate conditions surfaces areas of
most outside structures need to be painted about every 4-6
years. Inside areas need to be painted more often, but this will
largely depend on usage of a structure.
Residential painting lends itself extremely well to a part-time
business venture. Weekends and evening hours are good times
to paint both the inside and outside of houses and apartments.
The business can be started and developed on a part-time
basis and as revenue grows turned into a full-time venture.
Party Planner
35
Vital Information
Start-up Investment
Low - $1000 (pure planner functions)
High - $50,000 (for props and warehouse space)
Break-even time - 1 month to one year
Estimate of Annual Revenue and Profit
Revenue $100,000 - $1 million
Profit (Pre-tax) - $50,000 - $200,000
Infinite Possibilities Madigras -- Chinese New Year’s -- Who Done Its -- Chuckles the Clown --
any theme, any time. The only restrictions are in your imagination and the client's budget.
Party planners put together parties for newborns to seniors. Customers can be found in any arena:
corporations, conventions and just plain folks. Magic, fantasy and entertainment are possible
starting points and the sky's the limit!
If you live in an area that lends itself to parties and/or conventions, there is probably room for you to
join the fun. The background and experience needed to start a party planning business is as varied
as the services it provides.
Private Investigator
36
Vital Information
Start-up Investment
Low - $3,000
High - $7,000
Break-even time - 1 month to 6 months
Estimate of Annual Revenue and Profit
Revenue $50,000 - $100,000
Profit (Pre-tax) - $30,000 - $75,000
Mike -- Hammering a Keyboard??? Yes, even though the mental image we may have of private
investigators include dingy offices in run down office buildings, more and more private investigators
actually work from their homes, spending more time behind their computers than they do sitting in
their cars. Far from being a dangerous business requiring guns and quick get-away, the field of
private investigation is more and more a computer-based business.
The clients using private investigators today include attorneys, insurance companies, and business
people, in addition to individuals. And, there are a number of different services provided by private
investigators. Some private investigators actually pick a "specialty", i.e., missing persons,
searching public records and consumer information for business intelligence investigations, etc.
Real Estate Agent
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Vital Information
Start-up Investment
Low - $1000 (to become licensed)
High - $30,000 (to open a brokerage firm)
Break-even time - Six months to two years
Estimate of Annual Revenue and Profit
Revenue $300,000 - $10 million
Profit (Pre-tax) - $18,000 - $300,000
Your Piece of the American Dream - The National Association of Realtors' census
indicated there were over 2.3 million real estate agents in the United States. Since
most Americans dream of owning their own home, and 82% of all homes sold are sold
via a real estate agent, there is plenty of action to go around and you may be ideally
suited to cash in on it.
While residential had some rough times in recent years, it has come back strongly in
most parts of the country. Because real estate is a regulated industry you can't just
decide to become an agent one day and go into business the next week. There are
three steps you must follow before you can open your brokerage firm:
Real Estate Appraiser
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Vital Information
Start-up Investment
Low - $1,000 (for a computer and camera, using the family car)
High - $10,000 (includes an office, car lease, and some advertising)
Break-even time - Three months to one year
Estimate of Annual Revenue and Profit
Revenue $70,000 - $3 million
(one person at low end; supervision a staff of appraisers at high end)
Profit (Pre-tax) - $55,000 - $500,000
Real Estate Detectives The function of a real estate appraiser is to determine what a
particular piece of property is worth. Clients for this industry can be found in a number
of different areas:
Appraisers can either specialize in one of the above or just handle residential or
commercial properties, but many larger companies cover all the bases. Not all areas
of real estate are moving at the same pace at the same time. If an appraiser is able to
handle a cross-section of the market, he can stay busy dealing with residential when
commercial is soft and vice versa.
Vending (Coin Operated)
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Vital Information
Start-up Investment - $6,000 - $10,000
Break-even time - 3 months to 6 months
Estimate of Annual Revenue - $35,000 - $80,000
Estimate of Annual Profit (Pre-tax) - $15,000 - $40,000
Description of Business Americans dropped close to $25 billion in coins into
vending machines of all types and makes last year. There is a large selection of
different types of vending machines offering a variety of products. New machines are
coming on the market all the time.
Independent vendors and this is what our information is focused on make up an
important part of the total vending machine business. There are machines for every
taste and merchandise. You can purchase snacks, ice, hygiene products, candy, hot
and cold drinks, even specialty food items, and a variety of other items.
By far the largest 2 segments are made up of soft drinks and vending. These 2 product
categories comprise over 65% of the vending revenue nationally. Vending machines
are placed into many different kinds of locations.
Videographer
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Vital Information
Start-up Investment –
Low - $1,000 or less for home-based operation
High - $100,000 and up for outside offices and acquisition of
sophisticated equipment.
Break-even time - 4 months to 1 year
Estimate of Annual Revenue and Profit
Revenue $30,000 - $800,000
Profit (Pre-tax) $ 20,000 - $200,000
A Market with Continued Major Growth New video technology of recent years has created
opportunities for a new segment of professional videographers.
The marketability and demand for various services is almost unlimited. Video presentations are
more commonly used now on sales presentations of all types, various insurance claim matters, and
real estate sales, all types of training material and in a variety of other situations.
The market is really only limited by the ability of the videographer to sell his services for a variety of
purposes.
Word Processing Service
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Vital Information
Start-up Investment - $4,000 - $8,000
Break-even time - 2 months to 3 months
Estimate of Annual Revenue - $40,000 - $75,000
Estimate of Annual Profit (Pre-tax) - $32,000 - $60,000
Description of Business There are over 10,000 Word Processing
Service Businesses located in various part of the U.S. While word
processing is at the focal point of these businesses many of these
companies provide a variety of other services to their clients.
The more services a Word Processing Service Business can provide
the more clients they will be able to attract. Some companies specialize
in specific industries such as legal work (court transcripts) medical
transcription services, or editing of written materials for writers in
various fields.
Starting Your Own Business Makes Wealth
42
• Wealth! The single greatest focal point of power,
influence, and control in the world. It arrests
attention, commands respect, and dictates loyalty.
• You are a person who wants great wealth... and all
the power and prestige that accompany it. And,
you can have it.
• From the moment you learn how to achieve wealth,
you will have become instantly successful. The
power and control you seek will already be yours.
• And you can make your dreams a reality
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More Information
For more details on market research, business planning,
advertising, selling, order fulfillment, and other aspects of
home based businesses, check with the Faith Institute
online education portal at:
https://faithinstitute.digitalchalk.com/dc/guest/login
for more workshops covering this information.
These workshops will be able to assist you in finding
resources for your future planning and business success.
Or call us at ( 910 ) 679-4319.
Best Wishes for Success!
Other Online & DVD Workshops
44
To register for any of these workshops call: (910) 679-4319
Other Online & DVD Workshops
45
To register for any of these workshops call: (910) 679-4319
Other Online & DVD Workshops
46
To register for any of these workshops call: (910) 679-4319
47
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