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Le Moor
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Posted: Friday March 11th, 2005 15:36 |
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Obviously if your idea is to be patented or you feel its shrewd practice then best to keep your ideas secret.
However if you feel proud in the knowlegde that your idea may have helped just one single person to begin walking the road of financial independence- then post here.
I will continue posting until i reach 101 ideas, however if you have a contribution - then obviously we'll get there sooner.
Try and keep the formats of the ideas uniform so veiwers can easily identify the ideas from the discussions if any inbetween.
Try and break the idea down into sections such
a, Project Facts - Summary of what its about.
b, What do i need?- skills, licences capital required etc
c, Pros and Cons.
d, How do i operate?
e, How much can i earn?
(If you dont know answers to the above then just post your idea anyway)
Everything can be summarised. Not looking for business plans here, as its up to the individual to go away and take the idea further or discuss it here.
Please number your idea.
I'll start off with..............................................................
1, Adult Education
Project facts- Quite simply if you have a day-to -day skill, it can be sold to others as a course or evening class and you often dont need to have a qualification. Eg. a good amateur car mechanic, home knitter, oil painter, house plant grower, could all offer offer their skills as a lucrative course.
What do i need?- A saleable skill, possibly a licence ( check with the local authority ), a venue (eg school or local hall for hire, even at home) a structured course.
Pros and cons
Pros- mininmal outlay, no delay in payment, can be arranged to fit in with another job
Cons- Needs lot of preperation, difficult to estimate demand in advance.
How do i operate?- Decide on the skill and work out a course. A typical course might consist of six 1.5 hr lessons. Try and make the lessons interesting and varied. You may include a talk, visual/ audio aids and practical work. Find a venue. Your local Authority or college might be interested in offerring your course. Advertise- local papers, shop windows, the internet, leaflet mail-shots etc. Get students to pay up front or for one lesson at a time.
How much can i earn?- Fees will be higher for courses that are not readily available cheaply at local evening classes elsewhere. Example- An experienced calligrapher has a course lasting over six lessons each for 2 hrs. The fee charged for one course was £175.00 (payable in weekly instalments x6) 22 students enrolled bringing in total income of £3850. The main costs are for the hire of classroom at college £40 per session plus £480 advertising costs in local press. Therefore making £3130 profit for the entire course. This could easily be repeated 4 further times in the year (min) making a yearly profit of £12,524.
Last edited on Saturday January 28th, 2006 21:01 by Le Moor
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Saida.M
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Posted: Saturday March 12th, 2005 10:08 |
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| May I just squeeze this in and say, what a great thread idea Le Moor!
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Le Moor
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Posted: Saturday March 12th, 2005 10:33 |
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Thank-you Athaba  ...................................................Last edited on Sunday March 13th, 2005 11:54 by Le Moor
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Le Moor
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Posted: Monday March 14th, 2005 15:00 |
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2, Leaflet Distribution Company(LDC)
Project Facts- There are hundreds of companies out there who need to promote their businesses and door to door leaflet distribution is a cost efficient way of them doing so. Rather than do it themselves they can use a LDC. There are few properly organised LDCs who can offer a 1st class service so there is room for beginners to open up and develop to a considerable size.
What do i need- A telephone, storage space at home for leaflets (garage), a team of leaflet droppers ( advertise in shop windows for P/t droppers and offer £5 per hour), Magazines Campaign and Marketing will contain info. of interest.
Pros and Cons-
Pros- Min outlay, Once established can expand fairly easily, employ others to do work
Cons- Requires organisational and supervisory skills, some clients may need convincing of the value of the service.
How do i operate?- Recruit customers firstly. Try and get 5 businesses at first so you can drop all at same time. Many firms already have leaflets and promo material, however you could link up with a printers and offer this as an extra service for extra revenue if necessary. Small medium and large companies are your market. Yellow pages is a good source for leads. Telesales is the best technique for getting customers, followed by writing to them. Try and get contracts for for regular drops each mth. Eg. you might get 20,000 from a local supermarket, 30,000 from local council, 10,000 from local sports centre etc. Always bulk them together for a profitable drop. The best droppers to employ are housewives, active pensioners and students. You'll need about 20 active droppers on a list to cater you needs initally. Plan your drop zones and transport and organise the droppers. Make sure that the leaflet matches the the area. Need to liase with the customer to find out what the products target market is. A leaflet on Double Glazing may not go down well in an area full of council homes but very well in homes built prior to 1970 say. Do spot checks on the droppers to make sure they are not dumping the goods. Liase afterward with each customer on the response they obtained and make notes. this info will be vital as a record to tell you which areas work best for which products. Get repeat orders. Can grow this into a National business
How much can i earn- A typical charge for delivering 1000 leaflets could be £40.00. If you can get five different comapnies for one drop then your looking at £200.00 per 1000 letter boxes. £2000 per 10,000 boxes, £20,000 per 100,000 boxes, £200,000 per 1,000,000 boxes.
Good droppers can drop 1000 in a day earning £50.00 perhaps. So on 1000 drops the organisers profit is £1950 minus transport costs
Summary- Investigate and set rates, always drop several at a time (one will not pay), Aim to get regular contracts, Reasearch areas and record data via experiences, use part time distributors.
Last edited on Monday March 14th, 2005 15:22 by Le Moor
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Saida.M
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Posted: Monday March 14th, 2005 18:21 |
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Literary Agent
Project Facts? On a commission basis, sells books to publishers for authors; negotiates contract; collects payment of the advance money and royalties due.
What do I need? A bachelor 's degree is expected; a graduate degree is recommended; Literary Agents are also expected to be well-read in classic and contemporary literature.
Pros? You can become self-employed.
Can work from home.
Cons? Extremely good discipline is required to organise and negotiate affairs with editors within publishing houses, whilst remembering that you are the representation of an author. Need to have a sound knowledge in numeracy.
How do I operate? You need to become 'trusted' - so in other words, it'll take a while before you become a recognised and reputable person within the industry. In the meantime, it'll help if you to market yourself and network a lot in order to become a success.
How much can I earn? From approx. £5,000 to £25,000 to ahem ... millions!
Last edited on Monday March 14th, 2005 18:24 by Saida.M
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Le Moor
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Posted: Monday March 14th, 2005 23:49 |
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Atheba - How much can I earn? From approx. £5,000 to £25,000 to ahem ... millions!
Imagine being JK Rawlings agent !!
I
Last edited on Monday March 14th, 2005 23:51 by Le Moor
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sransom
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Posted: Tuesday March 15th, 2005 14:15 |
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I would like to add this, If I may; VISION effective leadership begins with a clartiy of vision descrbing where the organization is going. Vision goes beyond simply descrbing the organization's mission, it establishes a road map for all to follow. As leaders create and share their vision with others, a sense of urgency for accplishing the vision is created. As leaders emphasize in their vision statement that their busniess will be "the best" in their industry, a sense of pride and an increase in self-esteem is planted in the hearts of all employees.
1. Triggers To Create The Vision
2. Attributes Of A Vision
3. Planning Tools
Triggers To Create The Vision:
1. What business are we in?
2. How does quality define us?
3. What does quality mean?
4. What do we want to be like in five years?
5. When customers speak of us, what do we want them to say?
6. How will we differentiate ourseleve for the competitions?
7. What knid of work environment do we want to provide our employees?
8. What do we need to do to delight our employees and customers?
9. What do we do well?
10. What builds staisfaction for our employees and customers?
Attributes Of A Vision
1. Concerned with values, not purpose.
2. By their very nture they forces us to deal with the future by looking to what is desirable and what is expected to exist.
3. Its a process of expressing a dream.
4. They crate accountability for acation.
5. Clear visions have depth and details expressed for precise understanding.
6. Everyone has a vision, whether expressed or not.
7. Tiered visions visions carry the message to the people.
8. They encourage others to action with a collective hope of the future.
9. Passion for success is built on a vision of what can be accomplished.
10. A vision defeines why an organization exists.
11. They are organic, and changes as new ideas and experinces affects the leader.
12. Its not a slogan or motto but an expression of what an organnization is about.
Planning Tools
Vision
Strategic paln
Assignments made
Accountabilities established
Results achieved and awards given
"A vision wihout a task is but a dream. A task without vision is drudgery. A vision and a task is the hope of the world" church in sussex, 1730
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Le Moor
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Posted: Thursday March 17th, 2005 20:00 |
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4, Mind-a-home service
Projects fact - The increase in crime has lead for demand of this service. Similar to guard patrols for commercial premises the new home minder facilities offer a watchful eye over a home when the owners are away, or in need of extra security.
What do i need?- a telephone, transport, small amonut of capital for advertising and stationery, part-time help with patrols. (to ensure confidentiality this an ideal family business.
Pros- there is a huge potential market, very little outlay
Cons - It may take time time to build a respected name. The business has a seasonal element.
How do i operate- service will include patrolling homes, checking doors, taking in mail, switching lights on and off, watering plants-all of which act as a deterrent to burgulars. Professionalism is key as it builds confidence. Operate maybe from an accomodation address in a prestige area. Get insurance from a broker to cover customers against damage or theft whilst you look after their homes. Inform the police of the business as you dont want to be arrested for being a criminal yourself whilst looking after homes.
Advertise in local and regional papers, shop windows, quality mail shots. However do not door knock for business as this doesnt inspire confidence. The service is for people going away on holiday or business and the elderly and handicapped who require a daily security call.
Visit those who enquire about the service in person to hold a consultation. Quote a daily rate and bill monthly. A daily check might cost £10 per day and a more detailed check£20 per day.
How much can i earn- Such a service may not seem to have a great deal of profit scope. But figures tend to prove otherwise. Assume that in a medium-sized town a security service gained customers for five £10 calls and two £20 calls. That amounts to £70 daily and £490 weekly. Such a service may take only 8-10 hours to operate and could be 5 times busier in the peak periods e.g. summer holidays. Obviously there are more hours in a day and the business becomes more lucrative with more contracts.
Last edited on Tuesday May 24th, 2005 21:29 by Le Moor
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Le Moor
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Posted: Saturday March 19th, 2005 09:12 |
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5, Auctions
Project facts- Auctions are well excepted methods of buing and selling property, livestock, arts and antiques and the like. So the auction organiser has a method of selling that buyers already accept. Auctions are however, less well-used for some other goods, and this is where the opportunities are. Anyone can organise, promote and hold an auction and make money for very little risk.
What do i need- Capital to advertise an event £300 or more, good organisational skills
Pros- Very little risk, possibly high return, money collected immediately
Cons- Needs heavy promotion, only occasional income.
How do i operate- Organisation is the key to the success of the sellers and the organiser. Basically you will be providing a venue and an auctioneer and then inviting the public to sell. A qualified auctioneer is vital and a legal requirement. Agree their fee in advance.The venue could be a hall which is accessible to large numbers and have good access for goods. You may need to book it up to 3 days in advance to cover the sale and prior veiwing days. Decide on the products to sell. Stick to a category of items and probably best to stay away from specialist areas like livestock or fine arts unless you have the expertise. Good products are those which will sell for between £30-£500. Eg. general antiques and bric-a-brac, household effects, collectors' items such as coins, furniture and the like. Also cars, tools and equipment, bankrupt and discountinued stock all make good auction lines. Take advice from the auctioneer and bear in mind local conditions. You then need to promote the event and this takes 2 forms
1 , promoting to sellers- to make it work you will need people to sell theoir unwanted goods whether they are traders or general public. You need as many as possible. Sellers will be interested if you give them plenty of notice. Advertise promineltly in local papers, shop windows and door-to-door mailshots locally.
2, promoting to buyers this takes on a different form, this time encouraging people to attend the auction as buyers. All the above marketing methods apply however different advertising copy must appeal specifically to invite buyers. Do not assume they will respond to the same invitation as sellers.
The organistaion of the auction itself could take the following form. 1, entries for sale should close 7 days prior to event. 2, put entries into numbered lots. 3, print a ctaolgue of lots. the cover price of say £1 could give admission to the auction. 4, the day prior to sale admit the lots and arrange and arrange the displays. 5, on the morning of the sle open the hall for veiwing. 6, start the sale at say 1.30pm. 7, all goods should be removed and accounts settled by 6pm the same day.8, set up a cashiers desk
How much can i earn- Profits acan be high. Income comes from two sources : admission charges, which at £1 per head could well be £1,200 at a good venue, including veiwings and commission. As a organiser you can charge a commission to sellers and possibly to buyers too. This might be 5% each plus a lot entry fee to the seller. 300 lots at £5 entry fee would produce £1500. If £12,500 worth of goods were sold commission might be £1,250. The total income from the auction would be £3950 less expenses. this amount will vary with the goods involved. It could be less for a small starter sale and far more for a well established major event.
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Numair
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Posted: Saturday March 19th, 2005 09:22 |
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| Good thread people.
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OverLord
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Posted: Sunday March 20th, 2005 16:45 |
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| Can you tell me some facts about how to start up a campony which we make Black TV shows, Cartoons and moives?
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Le Moor
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Posted: Monday March 21st, 2005 07:16 |
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Overlord said-Can you tell me some facts about how to start up a campony which we make Black TV shows, Cartoons and moives?
Overlord im assuming you mean a TV channel like for instance BET in the States. Obviously with this type of business its almost certain you would need to seek finance through an investor.
Again obviously in order to gain their interest you would first need to have a comprehensive business plan.
The business plan coud have the following structure.
Analysis of the ethnic sector- Overview, target market, Summary
Anatysis of the potential of the TV station- External environment, social and cultural, polictical, ecomonic, lifestyle characteristics, technological, direct competition, indirect competiton.
Conduct research of the Market potential of the TV station- Reseaarch methodology, source of secondary research data, source of primary reserch data, secondary research findings, current cutural TV activity, Cultural media publications, European market potential,(if obviously to be launched in europe), notes to secondary reserach, notes to primary research, summary of analysis of survey findings
Draw conclusions from anaylsis and formulate a strategic action plan- Conclusions drawn from the the research and analysis of the TV station, summary of conclusions drawn from research & analysis, vision statement, target market, audience, marketing objectives, the brand.
You would then need to to have a comprensive accounting forecast and analysis drawn up by a certified account.
I do have an entire business model for a Black TV station however its obviously too long to summarise here. If you PM me im sure we could make arrangements for you to access a copy.
Last edited on Monday March 21st, 2005 07:45 by Le Moor
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Le Moor
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Posted: Wednesday March 23rd, 2005 21:23 |
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6, A concert or play
Projects facts - One well established way of making money is to produce a product once, and sell it over and over to different customers, similar to a publisher that publishes a book and sells many copies. An interesting way of using this idea is in the organisation of a concert, for example with a jazz band or a play. If you can organise and bring together all the thing that make a good show you can benefit from the multiple profits that this sort of event can generate.
What do i need- A telephone and desk space(work from home), capital at least to finance the booking of a hall and performers.
Pros- Potentially large income from one event
Cons- May need several months to plan, risk of failure to break even, high capital costs initially
How do i operate- Select an event you're personally interested or have knowledge in. Most importantly select your performers. Major artists will cost more than unknowns, whatever you pay will reflect in the ticket price. Explain event to performers and agree fees which may be flat rate or share of reciepts or both. Once agreed its up to performers to pruduce the material of show-take no part in that. Get them to provide props or the venue may provide. A venue must be found and booked. Promoting the event is all important. A major one should be placed with a marketing agency,smaller can be handled by you. You can appraoch threatre/ venue about a joint venture which will natuarally decrease your profit but also decrease your outgoings. Methods of marketing are as follows.
1, The venue itself will have poster space.
2, Local reginal press 8 weeks prior to event right upto event.
3, Radio- probably the best source of advertising for this. Tv for major events.
4, Posters outdoor- contact ad agencies.
5, leaflets door to door.
Monitor advertising carefully. increase if results are poor and decrease if good to increase profits. Next sell and issue tickets. Venue will have box office to help do this. Can get outlets like shops ,travel agents to help sell tickets for a commission. Set tickect prices say £15 for example, but be advised from venue itself. Sell tickets on a cash with booking basis. On the day of the event you could sell a programme for extra revenue.
How much can i earn- Calculate ticket and programme sales minus the performers fee, venue cost and advertising. A small show at say the Lewisham threatre which typically cost £7000 on a joint venture with theatre, could easily generate £24,000 of revenue leaving £17,000 of profit. Last edited on Thursday March 24th, 2005 07:52 by Le Moor
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Le Moor
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Posted: Tuesday May 10th, 2005 07:57 |
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7, DEMONSTRATION SELLING
Project Facts- Many a successful salesman has said that "if you demo somthing you will sell it" One opportunity that deserves special attebtion is the in-store demonstration stand, youve seen them in shopping centres. With a good product idea you need a min of resources, but could build enormous sales within a short period.
What do i need- A novel product to demo and sell on site. There are magazines which can give ideas like 'Gifts International' (may be published by Benn publications in Tonbridge but you'll have to check). A shop or centre to sell within. A good prepared sales presentation and sales pitch. Get advice from any seansoned salesman on how to prepare this.
Pros- Fast return on your investment, relatively easy to set up
Cons- suitable, exiciting stock may be difficult to find, not everyone confident enough to be able to give a sales pitch. (Those that arent should just sell wid a over the counter service).
How do i operate- Products for a stand must be attractive so as to stimulate impulse buying. make sure they're bright and colouful and new in design. They should NOT be easily available in the shops but if they are you should be undercuting in price. Also sell according to your target market. (do not try selling Sunbeds in Peckham). Exclusive imported goods do well on demo stands, as do home made craft goods, toys games, fancy goods, gifts, exclusive food items, jewellery and fashion accessories. Obviously helps if the store is busy and your stand has prime location. You will have to contact the centre manager for a positon. They may want a set fee or a % of the takings. Pay a % for umknown products and a set fee for a tried and tested winner. Arange with your supplier to take back unwanted stock. Piss poor poor preparation=piss poor presntation so spend time on how your stand looks. Remember few sales are actually made during the demo. People disperse, think and return normally so dont be deterred by immediate reactions and have a helper to collect cash.
How much can i earn- A small cleaning product can boast average net profits of £350 pounds per day. With seasonal items such as xmas gifts this could be bring in 3 times the amounts. Last edited on Tuesday May 10th, 2005 08:00 by Le Moor
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Le Moor
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Posted: Monday May 16th, 2005 08:31 |
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Last edited on Sunday May 22nd, 2005 22:57 by Le Moor
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Le Moor
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Posted: Monday May 16th, 2005 08:35 |
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text_editor.focus();Last edited on Monday May 16th, 2005 08:36 by Le Moor
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TPON
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Posted: Sunday May 22nd, 2005 11:19 |
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Can I just add a little something without seeming negative.
You have listed in some of your threads being self-employed as being a Pro, though I do agree it has several advantages it does have its disadvatages. Though it is a step in the right direction.
Being self-employed only means you now own the job you do, which means without your own effort you make no rewards and though you can make a living from this you will never aquire long term wealth, ok as self-employed you can get some nice things today but you always have to think about tomorrow. The way to wealth is to convert that self-employed status to Business status a business man/woman has a system in place that either if they work or do not their business is still making money. A great book to read to understand the differences is 'The cash flow quadrant' by Robert Kiyosaki author of Rich Dad, Poor Dad.
Come on Black people let us move up the ladder from self-employed cause we don't want to work for others to Business builders making ourselves a lifetime of wealth.
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Le Moor
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Posted: Sunday May 22nd, 2005 12:37 |
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TPON wrote: Can I just add a little something without seeming negative.
You have listed in some of your threads being self-employed as being a Pro, though I do agree it has several advantages it does have its disadvatages. Though it is a step in the right direction.
Being self-employed only means you now own the job you do, which means without your own effort you make no rewards and though you can make a living from this you will never aquire long term wealth, ok as self-employed you can get some nice things today but you always have to think about tomorrow. The way to wealth is to convert that self-employed status to Business status a business man/woman has a system in place that either if they work or do not their business is still making money. A great book to read to understand the differences is 'The cash flow quadrant' by Robert Kiyosaki author of Rich Dad, Poor Dad.
Come on Black people let us move up the ladder from self-employed cause we don't want to work for others to Business builders making ourselves a lifetime of wealth.
Good point. However unless one has larger pockets or seeks investment, they ususally would start off as self- employed until they can grow into a legitmate business. All the self-employed examples i give have that potential.
Also it depends on what one wants. Some people do not want the hassle of employing staff etc and all the things that come with a business. Somtimes even its more profitable to remain self employed so it depends.
Being self-employed only means you now own the job you do, which means without your own effort you make no rewards and though you can make a living from this you will never aquire long term wealth
Most occasions you're probably correct however there are lots of self employed one man situations which can work on the same principle you touch on. Example. Share trading or an Internet based business selling Ebooks for example. Both these examples can be hugely profitable, make money for you whilst your asleep and have less hassle than starting a 'full blown business'
All said i am very pro 'black business' its where our future lies
Last edited on Tuesday May 24th, 2005 07:08 by Le Moor
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Le Moor
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Posted: Sunday May 22nd, 2005 23:02 |
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8,Gift Wrapping Service
Project Facts- Some businesses are seasonal but nethertheless make more money in season than others do all year round. Particulary wid xmas business and one example is a gift wrapping service. This could operate all yr round but very lucrative between Oct- Dec.
What do i need- A site. Ideally large shopping centre or department store. Many managers of such places do let space. Negotitations and bookings need to be started in the summer for the following xmas. An attractive stand, perhaps with 6 or 8 serving positions. Contract a shopfitter or market stall supplier. Gift wrapping sullies- paper, ribbon, bows and tags. Buy in bulk from a wholesaler stationer. Use good quality ones, as the service attracts big-spending customers. Gift wrapping assistants and wrap gifts. Housewifes and students are ideal for pre-xmas business.
Pros- Can be started with low overheads. You could get subcontract work from local shops giving you a guarenteed income.
Cons- Not a source of regular income. It might be difficult getting skilled assistants.
How do i operate- Plan shifts so shop can be fully manned during shop opening hours. Ensure that you have sufficient supplies to suit peak demand. The idea of the business is simple. People buy from nearby shops and come to you to wrap them. You charge anywhere between £2 to £9 per gift. Can do subcontract work for local shops. That is shops give vouchers for free gift wrapping service at your stand then pay you aterwards. So it could be a much bigger business than seasonal activity usually suggest.
How much can i earn- Pre xmas anywhere between £2500-£10,000 with clear profis approaching 50%. In the US where this business is long established some of the highgly organised services report takings of $40,000+.
Last edited on Sunday May 22nd, 2005 23:05 by Le Moor
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Saida.M
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Posted: Monday May 23rd, 2005 08:22 |
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Here are some Business Ideas that you can start with relatively little money:
- Arts Festival Promoter
- Caligrapher
- Candle Maker
- Cake Decorator
- Knitting/Crocheting Lessons
- Researcher
- Storyteller
- Mystery Shopper
- Cartoonist
- Comedy Writer
- Magician
- Make-up Artist
The 'pros and cons', 'how do I operate' and 'how much do I earn', I'm afraid I have not been able to find the info on yet. But with a little legwork, I'm sure you guys could find out.
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"One of the heads of the beast seemed to have been fatally wounded, but the wound had healed. The whole earth was amazed and followed the beast".
Good News Bible. Rev. Ch.13 V.3
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Fredblack
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Posted: Tuesday May 24th, 2005 14:11 |
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