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499 Replies Last post: Jul 20, 2009 8:18 AM by ncognito66

Dec 26, 2007 9:06 AM

minalegend 5 posts since
Dec 26, 2007

Hi I am currently working for a company. I am a payroll administrator, but they don't pay me enough because I am still a student. I am currently attending college [Just started and my Major is business administration and accounting.

Now I am thinking about starting my own home based business.

My experiences:

I am very good at computers, I know how to build computers, make websites [html].
I also sell on ebay but I ran out of products at my house. http://Tried looking for wholesale sellers to sell me products but all are expensive.
I am also very good at payroll, and I know basics about accounting.

What can I start with a $1000 [saved money] and the experiences I have?

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NatOnline 670 posts since
Oct 10, 2007

1. Re: What business can I start from my house? Dec 26, 2007 10:09 AM

Unfortunately with $1000 you cannot do much, sorry to say that but it is the reality.

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LUCKIEST 7,933 posts since
Aug 6, 2007

2. Re: What business can I start from my house? Dec 26, 2007 10:19 AM

M, You do not need lots of money to start a business. First finish college. A College degree is most important.
You are now a payroll admin, good at computers, and know accounting.
Your major is business administration and accounting. By the time you graduate, you will chooses a business
or type of work you want to do. For example, it does not take a lot of money to open an Accounting office,
do accounting, payroll and income taxes.
Work on a Business Plan. LUCKIEST

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Lighthouse24 2,396 posts since
Oct 10, 2007

3. Re: What business can I start from my house? Dec 26, 2007 10:54 AM

I'm guessing the MLM-ers are going to pounce on this soon, so let me caution you to thoroughly check out any business "opportunity" you may be offered. Not all MLM is bad (but most of it that has shown up here is).

That said, there are many small part-time enterprises you can start with $1,000 (where your only real cost is a website host, and some printing for cards or flyers to let people know what you're offering). A college market is one of the easiest to sell to, especially if you're in the middle of it anyway. The question to ask yourself is what do you know about and enjoy doing that others around you might benefit from, want to learn, or be a part of? For example, you know computers, websites, accounting, and ebay. You might tutor other students in accounting, or help them buy and sell items on ebay.

A student I know here got interested in ballroom and swing dance about four years ago, and set up a social network site for like-minded students. It began as a way to help people find dance partners, arrange outings, share info about contests and classes, etc. Within a year, however, he had enough members and traffic volume to sell ads to local advertisers who were targeting college students. The revenue stream isn't enough to make a living, but it pays for a nice apartment just off-campus.

The first law of entrepreneurship: "Find a need and fill it." You can do that. Best wishes.

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minalegend 5 posts since
Dec 26, 2007

4. Re: What business can I start from my house? Dec 26, 2007 10:59 AM

wow you guys are acutally putting a lot of Ideas in my head now.

Just a question what is MLM?

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Small Biz Wiz 11 posts since
Dec 6, 2007

5. Re: What business can I start from my house? Dec 26, 2007 11:46 AM

in response to: minalegend

MLM stands for Multi Level Marketing. It is also known as Most Lose Money. Some MLM programs are good but you have to be careful. If you make money by recruiting new members, you will probably lose. If you are actually selling a product or service that people need, then it can be a great at-home opportunity. You can recruit associates to work with you and get a percentage of their sales as well. MLM companies come and go. The one I recommend is PrePaid Legal. It is over 30 years old and is listed on the New York Stock Exchange. The program has been endorsed by several state Attorneys General, The National Black Chamber of Commerce, and many other credible organizations and individuals.

For more information, go to www.PrePaidLegal.com/hub/owensdr97. Good luck in whatever business you choose.

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fccgold12 31 posts since
Dec 26, 2007

6. Re: What business can I start from my house? Dec 26, 2007 12:14 PM

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fccgold12 31 posts since
Dec 26, 2007

7. Re: What business can I start from my house? Dec 26, 2007 12:26 PM

You dont actually need up to that amount to start a business at Home. Also try the link below it might be useful.

http://www.goldinterlink.com

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MTCreations 82 posts since
Nov 18, 2007

8. Re: What business can I start from my house? Dec 26, 2007 12:28 PM

in response to: Lighthouse24

Wow, and an MLM chimes in! (the last post before mine).

As for social network, neat idea - try www.ning.com to create your own social network (free!, really!) around any topic you want. Throw in a few bucks each month for your own domain and your own Adsense ads, and you could start generating some money from the ads and services. Take it a step further and see if you can become a broker of services around the social network theme.

Using ballroom dancing idea: studios, instructors, etc - charge them to run ads on your network, or make a commission off each student who signs up for their services.

Work it girl! (grin)

I have no financial interest in Ning.

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Lighthouse24 2,396 posts since
Oct 10, 2007

9. Re: What business can I start from my house? Dec 26, 2007 12:41 PM

Minalegend -- As I guessed, it didn't take long (please investigate these kinds of "opportunities" carefully before getting involved).

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keysongs71 6 posts since
Dec 27, 2007

10. Re: What business can I start from my house? Dec 27, 2007 3:36 PM

Hello,
I just joined this community and saw your post. A great business to start from home with low cost is a Virtual Services Company. I recently started my own virtual administrative support company from home and it is great. I provide administrative support, design and some marketing support services to busy professionals.

My start up costs were very minimal. You probably have most of what you need already. You could provide a wide range of services or focus on a specific niche. My web site is currently under construction, but you can check out my business listing at http://member.merchantcircle.com/myvirtualgenie.

Lots of business could use your services and paying a "Virtual Assistant" is often better than paying a full time employee, because they don't have to pay payroll taxes or additional software or hardware costs, vacation or fringe benefits. And a lot of people are looking for quality and affordable web site design as well.

You can find tons of information about the Virtual Assistance Industry online. Check out http://www.vanetworking.com/ and http://virtualassistantnetworking.com/ as a starting point. If you are a dependent of someone in the military, you can take a free course at http://www.virtualbusinessowners.org/.

Having a portable career is great! You have so much creative freedom and flexibility. All you need to get started is a computer, phone, printer and the software and other hardware essential to your area of service. If you'd like to know more check out the above sites or just do a search on virtual assistance. You'll find a ton of information at your disposal. Feel free to give me a ring as well. You can reach me at (785) 728-4529. I hope this helps. God Bless!

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DomainDiva 1,731 posts since
Oct 10, 2007

11. Re: What business can I start from my house? Dec 27, 2007 4:20 PM

I am wondering if some teeny weeny businesses could not use some bookeeping help, tax season is here....maybe some accountants would like to farm out some of the grunt work to you?

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CorpCons08 1,128 posts since
Nov 14, 2007

12. Re: What business can I start from my house? Dec 27, 2007 5:07 PM

Love it. Two MLM programs announced just after Lighthouse writes his response.

You have a lot of great answers here, I just wanted to throw it one more. A lot of insurance companies look for at-home brokers that want to run their own business. I have seen a lot of people start out through companies like Primerica and MetLife. You might want to look at an option like this. They also provide free training to their new brokers.

Good luck to you minalegend.

CC08

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DriveHard 4 posts since
Dec 27, 2007

13. Re: What business can I start from my house? Dec 27, 2007 8:04 PM

Hello minalegend,

I'm new to this forum and I've noticed your posting. I see you are looking to start something with little investment, so... I have an offer that might be interesting for you. If you are interested and would like to hear details let me know how I can get in touch with you beside here trough the forum, and we can talk. Take care. Bye,

DriveHard

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LUCKIEST 7,933 posts since
Aug 6, 2007

14. Re: What business can I start from my house? Dec 27, 2007 8:08 PM

in response to: DriveHard

DriveHard, I would be looking to start something with little investment.
You can get in touch with me at " pdeig@juno.com "
Thanks, LUCKIEST

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