Starting a small business - self improvement business - personal success improvement tips




Opportunities

This section of the site is for people who are looking at starting a business - either as a primary or additional business.  The business opportunities listed here are in one of the following categories:

Below is a summary of each type of business opportunity, with the main benefits:

Network Marketing

Network Marketing is an easy, low-cost way of getting into business for yourself.  Network marekting is simply a method of taking products / services into the market as summarised below:



Network marketing is simply a method of supplying product to a customer via distributors (sometimes called agents).  The money the company saves by cutting out the usual 'middlemen' is paid to the diustributors who are responsible for sales, recruitment and training.  Your income is directly proportional to the sales you create for the company, both personally and by recruiting and building a team.

The main advantages of network marketing are:

  • Low cost startup - usually less than £200
  • The backing of a tested business idea and system (like a franchise)
  • Flexible hours - most people involved in network marketing work part-time
  • Work from home
  • Unlimited income potential
  • Excellent training and support
  • Meet lots of people
  • No staff, stock to hold, premises etc.
  • Incentives such as car ownership, travel etc.

To see the list of network marketing opportunities, please click here .

Franchises

Like network marketing, franchises provide a low-risk entry into business.  This is because you are buying into a proven business idea and system.

The hardest part of building a business is the first couple of years. But when you buy a franchise most of the major hurdles have already been overcome by someone else; ie, the right marketing mix has been achieved – the right prices, the right product or service, the right image and the right systems.

Losses and costs which are unavoidable for start-ups are negated; for instance, the losses suffered from charging too much or little, of experimenting with the product range, or of tinkering with the brand image. In short, you avoid the period of trial and error that results in fluctuating customer numbers.

You inherit an established, recognised and respected brand – and therefore a customer base and customer goodwill. People know who you are, know what you do, and are more likely to trust what you sell.

Retaining and attracting customers is facilitated by the fact that the franchisor does all the marketing for you. Few start-ups will be able to compete with an established franchisor’s marketing budget – and consequently the reach and impact of its advertising. This of course saves you time – always at a premium when you’re running a business.

Your franchising fee also buys you the market knowledge, business acumen and sales savvy of an established market player. And after an initial programme, this training and guidance should be provided on an ongoing basis.

Franchisors can also find suitable locations and cooperate to avoid encroaching onto each other’s territory. Prime locations – such as the high street or popular shopping centres – are more affordable for franchisees than for start-ups.

To found out more about franchises and a list of franchise business opportunities, please click here .

Internet Businesses


Although many companies use the internet as part of their marketing, an internet business is one which is predominately carried out online from marketing, sales and the back end.  Usually, the best products to sell online are digital or information based products e.g. software, eBooks, training courses etc. but normal products can also be sold online.

Some companies offer 'off the shelf' ready-made businesses that you can buy and have up and running within a matter of days.

The advantages of running an internet business are:

  • Low cost startup
  • Low overheads
  • Work from home
  • A business on auto-pilot: your website is open 24/7

To see the list of internet business opportunities, please click here .

For a list of business opportunities that do not fit into any of the above categories, please click here .

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