If you want to begin with quickly and cheaply, a franchise or training curriculum might be the decision for you.
Starting a home based business sounds like a good idea, until you understand all that’s involved with getting it ready to go. So getting some assistance really helps–especially if it generally does not are expensive of money.
Three successful companies explain how they found the proper opportunity, through a franchise or training curriculum, and managed to get work for them.
Name of business: Homeowner Referral Network (HRN) Year founded: 1997 Final number around: 300+
Description: The Homeowner Referral Network (HRN) is a contractor referral service which can be operated from your home on a part-time or full-time basis. HRNs pre-screen and refer local home-improvement professionals, which range from painters, plumbers and electricians to floor refinishers, carpenters and contractors. Each HRN operates independently and earns a pre-negotiated commission from contractors in the network for just about any work secured.
History: Following the birth of her first daughter in 1996, Debra M. Cohen left a career in corporate America to become a stay-at-home mom. She was soon confronted with the all-too-familiar challenge of finding ways to remain productive while residing at home to improve her family. As well, she and her husband had just purchased their first house and–like most homeowners–were desperate for reliable home-improvement contractors. If they finally found a responsible contractor, Cohen felt compelled to talk about his name with other homeowners, family and friends. It wasn’t a long time before she made a decision to launch HOME CURES of NY Inc. to greatly help other homeowners in her community.
After her first year running a business, she had more jobs than she could handle, and she realized that there is a universal dependence on the services she offered. Instead of try to expand prematurely, she made a decision to document the HRN business in order that others could duplicate her model and launch similar businesses within their communities. Over another almost a year, she systemized her business and wrote THE ENTIRE Guide To Owning and Operating AN EFFECTIVE Homeowner Referral Network . Then she created additional elements of her training curriculum.
Total cost to start out: $1,995 to $6,495, with respect to the package you select. Items are the HRN business manual, one-on-one consultations, HRN Management Software, an HRN web package, subscription to the HRNewsletter, business forms, HRN Graphics CD, customized promotional items and leads.
Owner observations: "I find out about HRN in Working Mother magazine in 2004 and saved this article therefore i could contact (HRN founder) Debra," says Jill Barber of Richmond, Va. "I had recently taken a voluntary severance package from my corporate job with FedEx and was seeking to get back into housing in a few form after having our baby. My degree is in home design from James Madison University, and I’ve always loved the housing/construction market. I had been keeping a listing of good/bad contractors for my neighborhood, which seemed like an all natural extension."
What led Barber to choose to utilize Cohen? "Of course I checked with the BBB of NY and ensured that the business enterprise was legitimate," Barber says. "I QUICKLY realized that Debra did all of the legwork and got the industry started, and we reach reap great things about her experience. Because we’re not really a franchise, you can find started with Debra’s help and tweak the business enterprise as you see fit. Debra was so helpful and responsive, but still is. I couldn’t require an improved mentor. I would–and have–recommended it to numerous others. Actually, three people I’ve recommended it to have signed on."
Barber find the Metro Richmond Virginia territory and took on her behalf first client in January 2005. Her business has been growing every year, which year Barber’s sales are anticipated to exceed $50,000. She expects to attain a lot more than $100,000 in annual sales next five years.
Name of business: AssistU Year founded: 1997 Final number around: 1,000
Description: A thorough training program on how best to setup and run a va business. Virtual assistants (VAs) are micro-business owners who provide administrative and sometimes personal support while employed in long-term collaborative relationships with a small number of clients. Using phone, fax, e-mail and other emerging technologies, VAs support their clients’ needs, over the board, without ever stepping in the clients’ offices.
History: "I was running my very own successful virtual assistance practice from my home," says Stacy Brice. "A journalist did a bit about might work, and a huge selection of women arrived of the woodwork asking how they, too, could do that work. I realized that it may be a viable home based business and, more, an occupation, therefore i founded AssistU, wrote a curriculum for our virtual training curriculum and put it out to the world. Twelve years later, we’re still training, coaching, certifying, supporting and referring top-notch virtual assistants, and I really like it!"
Total cost to start out: $2,695 to $3,595 (choose group or one-on-one program).
Owner observations: "I paid attention to a $19 introductory call with Stacy, and her style, philosophy and personality really resonated with me," says Sydni Craig-Hart of Emeryville, Calif.
Craig-Hart did some research to ensure it was the proper move on her behalf. "I talked to many past graduates, and kept hearing the same comments again and again. How they wouldn’t be even half as successful as VAs had they not been through the AssistU program. The way the program changed their lives. The wealth of knowledge and unwavering support provided by the community. We were holding the same benefits I wanted."
AssistU comes with an ethics section on the site that offers the next information, beneficial to anyone considering a home-based franchise or training opportunity:
"It is important, as you evaluate companies online with whom you could conduct business, that you are feeling secure that they really offer something of value, and that folks aren’t being scammed or cheated at all.
Because our integrity is of vast importance to us, we welcome you, and urge you to check on us out as thoroughly as you will need to before making a decision whether our virtual training curriculum is right for you personally.
If you would like to see if there were any less-than-stellar comments made about AssistU, there are many ways you can start that:
- Call the BBB.
- Call the Attorney General’s Office for Consumer Affairs in Maryland, where AssistU is situated.
- Call or go to the NetCheck Commerce Bureau, that was established to market ethical business practices worldwide also to increase consumer and corporate confidence in purchasing services and products on the web.
- Check our WebAssured Business Background Report.
The majority of all–go together with your gut.
Feel absolve to visit our Alumni Verification System, where one can verify our current AssistU graduates, CPVAs and CMVAs."
In 2006, Craig-Hart enrolled in the AssistU program; she had$75,000 in sales that year. In 2008, sales totaled $169,000.
Says AssistU founder Brice, "Sydni isn’t typical. Nor has she hit any kind of proverbial ceiling. The average full-time revenue for a graduate of our program with a couple of years of experience in her business will be $65,000 to $70,000 each year."
Name of business: NuBarter Inc. Year founded: 2002 Final number around: Seven ready to go, five in process
Description: A barter network which allows businesses to provide services and products to members of the network and receive services and products from members of the network.
History: Says founder and CEO Gary Field: "I was in retail the majority of my entire life, had done some bartering occasionally for both personal and business. I was approached in 1993 to become listed on a commercial barter exchange. It appeared like a good idea, an excellent business decision. I finished up owned by four different exchanges. Once I learned how exactly to utilize it, it became beneficial, but on the way it was a pricey education.
"So, I had previous experience in the barter industry and I have been unhappy with the machine commercial barter companies were utilizing. I thought I had an improved knowledge of the economy (having studied economics at Emory University) and more experience in running companies (having run a restaurant, two art gallery/frame shops and managed a division for Lanier Worldwide–A Ricoh company–in Dallas, Texas).
"I was intrigued [by] the potential barter could have in fulfilling excess capacity and downtime in virtually any economy and how, if used correctly, [it] could really benefit any business. I knew the barter industry could possibly be run better–more efficiently to complement buyers’ needs and wants with sellers’ excess inventory and services. I also knew it may be run more ethically and with an increased level of customer support. THEREFORE I created the network."
Total cost to start out: $25,000 or more
Owner observations: "Initially I was skeptical concerning this, but then I visited the 2007 annual meeting of NuBarter, and I was impressed," says Karen Roumay of Boca Raton, Fla., who bought the franchise territory from Deerfield Beach to Delray Beach, Fla. "I was impressed with the business of the group and the grade of the members."
She bought the franchise in June 2007, and her sales that year exceeded $60,000. 2008 sales were $80,000, and she anticipates annual sales of $500,000 within a couple of years.
"It’s all everything you placed into it," she says. "I work 45 hours weekly and am always trying for connecting and help people while shopping for work at home opportunities."
Margie Zable Fisher may be the president of Zable Fisher PR and founder of the ladies COMPANIES American Dream program. Get her free Special Report, Top 10 Publicity Ideas that may Grow Your Business."