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Newest Stories arrow Online Business arrow Home Business Ideas: Your low cost business installation

Home Business Ideas: Your low cost business installation

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Introduction

So you’ve got a skill that you want to turn around and monetize? Great! You’re not the only one. In fact, there’s an army of people out there that think that they can do a better job than you at whatever you want to sell or offer.

Using some of the advice listed in this report, we will show you how to avoid some of the pitfalls and traps that the majority of freelance workers face.

Ultimately, your success relies on how good you are and how dedicated you are, but at the very least, we’ll help you cut through some of the horse crap that can get in the way of you running a successful sideline business.

Time is money and money is time. Take your pick for what you personally find the most important but for the author it’s all the same. If you’ve ever purchased an e-book online in the past, you’ve probably quickly realized that a whole lot of it is fluff. E-book authors love to justify the price of your purchase based on the number of pages that they provide you. This makes no sense. Essentially, you are paying THEM to waste YOUR time.

The bottom line is simple. You bought information and you want information. The point is not to flood you with useless information but rather give you relevant information that is easily absorbed.

What’s a Sideline Business?

Anything you want it to be. Everyone has talents and skills that someone else is looking for. Personally, I’m a technology specialist and do make a fair amount of money providing technology services to those who require them.

What makes my sideline is the fact that I do have a fulltime job with fulltime responsibilities. I love my job and the people I work with (most of them anyways) and I have no intention of leaving my work. My sideline helps me pay the bills, and expands my professional network to the point where, if anything happens at work, I can still live comfortably for a while servicing other customers.

Think of the things you’re good at. Better yet, think about the things you love doing. Almost anything and everything that you can think of can turn around and make you some money.

Why do you want to Sideline?

So many people out there are trying to get you to fall for the “Get Quick Rich” garbage. Don’t fall for it. The information and advice provided in this report will help you forge your own sideline business that can generate a bit of extra income for you. You’re not going to quit your job using this advice unless you really want to. This is not what a sideline is about. It’s about making that car payment, or buying that vacation down south. More important than anything, a good sideline makes it easy to go to work because you know that not all your eggs are in the same basket.

Chapter 1 – Be Reachable

What’s the point in starting a sideline if you’re not going to have any customers? It all depends on your market. At a minimum, there are a few things that you’re going to need in order to market yourself.

1) Business Cards

2) Some kind of online presence

3) An phone line

4) An email address

What does all this have in common? They are ways for people to contact you. You are nobody if people can’t find you. I’m dead serious about this. Let’s take a look at how you’re going to set this up.

Business Cards

A simple inexpensive business card is key. Here’s what you do. Go to your local Staples and get the plainest card possible. You don’t need the glitter and the embossed writing. Save your money. On this card, you put your name, your telephone number, email address and website address.

Do not indicate what products or services you are offering unless you are 100% sure that you will be offering these services for a long time. I assume that if you are reading this guide, it’s because you’re starting out, so don’t lock yourself into product or service that you might not want to offer in a month or so. At least this way, if you change your mind, you’re cards can still be used. A business card is not a brochure but rather a way for people to contact you so you don’t need to write down everything you do.

For example, Johanne is a part time closet organizer. She doesn’t need to have the words “Closet Organizer” written under her name. This would lock her down into only doing closets. Rather, she could put down that she is into life space management, which can encompass everything from closets to office space.

I don’t want you guys to spend your money on something that cannot be used in the future. The best course of action is to keep a business card simple and to the point. If you’re going to be handing it out, make sure you let people know what you are offering. Trust me, they’ll remember you if you make a good impression.

Online Presence

You do not need a big website or dot com. Why? Because it’s a waste of time and money if you’re not into the technical field. What you need is a page somewhere online that is easily accessible, simple and easy to use.

Last year, a friend of mine wanted to start an after hours car repair business. His first instincts was to go online and register FredsAutoRepairService.com. He even found another “friend” of his to create this great website. Bottom line is, he wasted his time and money building a site. Fred doesn’t sell websites or programming, he sells car repair services. He need one page that outlines what he offers, who he is, where he is located and how to contact him. That’s it. All that could have been put together in about half an hour. If Fred went to a site like Blogger.com, he could have started a simple blog named FredsRepair.blogger.com with all the information needed. In fact, his site would have been indexed by search engines quickly because he was on blogger.com. You don’t need to have a full website going to attract business. In fact, your website isn’t about attracting business, but rather to have your business contact you. Here’s what you need for your page:

1) Your name

2) Your service

3) Your rates

4) Your address

5) Your phone number

6) Your email address

You can dress the page up if you want, and use colors you like and all that stuff, but just make sure you get that site up quickly and for the love of God, keep it simple.

Earlier, I told you to put your site address on your business card, but I also told you to not directly advertise your services on your card. In the case of Fred, FredsRepair.blogger.com would pretty much be a dead giveaway to the services he is offering and as such would lock him into a particular product and service. Here’s a good trick to use in order to make your address completely generic. Once you have your simple site going, go to http://webalias.com/ and sign up for a free redirection account. What this company does is create an alias of your site address using their own name. So in essence, FredsRepair.blogger.com could be http://up.to/fredsmith. If at anytime Fred decides to change his service offering, he can redirect http://up.to/fredsmith to point to fredsmarriagecounselling.blogger.com instead.

If for some reason, you need to have a full website and don’t know where to start, then simply email me and we’ll see what we can do.

A Phone Line

This is a very simple thing to cover. You don’t want customers calling you at home, but at the same time you don’t want to miss calls while you’re out. Get the cheapest cell phone possible and put it on a pay as you go card. It’ll cost you next to nothing to have and your business will have it’s own phone number. Add the voicemail option and create a professional answering message. Using this method, if ever you decide to stop sidelining, you cut service to the phone and you get your life back.

An Email Address

Hotmail.com, Gmail.com or Yahoo.com. Create a generic account that reflects you as a person and not your services. By this I mean This e-mail address is being protected from spam bots, you need JavaScript enabled to view it and not This e-mail address is being protected from spam bots, you need JavaScript enabled to view it Once again, you aren’t locked down!

I personally advocate using Gmail, Google’s email service. With Gmail, you can create multiple email accounts that can be forwarded to one email account of your choice. If you really wanted to have a specific email address like This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , you could forward that email address to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . This makes email checking simple because every single email address you have will be forwarded to a single email account.

Chapter 2 – Market Yourself

This step really depends on your market. A plumber would market himself differently than say, a freelance programmer. Here are a few pointers.

Online Marketing

Classified Ads

First and foremost, you need to advertise your services on classified ads sites. Different countries and regions have different sites that offer free classified ads, so Google around to find the best ones for you. Once again, keep your ad simple and enter the information that is found on your simple webpage. Give people a way to contact you and let them know the services you offer. Most of these sites are free, so don’t worry about not going into specifics. In fact, be a bit more specific on these sites since you can run multiple ads and expire any ads that you don’t think are relevant to you anymore.

Facebook

Why not let your friends, family and extended social network know about the services you offer? The best advertising you will get is word of mouth advertising and Facebook is great for that. For example, use your contact list to message your friends and let them know what you are up to. Also, on your “What are you doing now?” message, talk about the current project you are working on so that people get notified of the work you are doing. Set up a photo album on your Facebook page that displays images and pictures of whatever you are trying to sell. Inversely, you can create a Facebook page specifically for your business. This way you can add your customers as friends, and their friends will see you listed. It’s a great, worry-free way of generating word of mouth adverstising.

Email Signature

In your email client, set up an automatic signature where in one sentence, you describe the services you offer. It’s crazy sometime how a forwarded email or joke can find it’s way to thousands of people. It’s viral marketing.

Real World Marketing

There are many different ways to advertise your services. The best ways are the ones that give you the best return for the money you spend and because we don’t like to spend money, here are a couple of free ways to let people know that you exist.

1. Give out your business card to as many quality people as possible: By quality, I mean people who have follow up potential. Leaving a business card with the homeless guy you gave a buck to is not really what we would call good business potential. Try leaving a few business cards with good friends and family. They will often be happy sharing these cards with others when the opportunity presents itself.

2. Give out freebies: Depending on your business and the services you offer, it might be a great idea to give out some freebies in order to generate some hype. For example, if you are in the business of interior design, why not offer interior decorating to a local daycare center in a working class upper working class neighbourhood. In exchange, place a small plaque on the wall that says, “Decorating services donated by Fred D. Painter: 555-555-5555”. When the parents come to pick the kids up, they will see the work you carried out and they have a great way of contacting you. Be original and try to think outside the box.

3. Advertise on your car: Put up a sign in the window of your car. Put your name, services and phone number on a printed sign and place it somewhere visible on your vehicle. If you drive around a lot, this can generate leads and sales. Be careful not to drive like a madman however, as nobody wants to buy something from someone who just cut them off.

4. Network with other freelancers: Find others in your area that offers products and services that are complimentary to yours. In the example above, we used an interior decorating business as an example. As an interior decorator, why not get affiliated with a painter, or movers? Whenever you have a decorating project, you could forward the painting work to this painter, who in return would forward decorating business to you, every time he paints a home or office. This can be especially practical as all partners involved can benefit from each other’s advertising efforts. Don’t be afraid to contact other freelancers and businesses by phone. The best way, in my experience is to send them a letter and follow up with a phone call. Give them real reasons why this would be a good idea for them and why it is for you. If it doesn’t cost them money, and has the potential to generate extra income, it’s a winning proposition anyway they want to look at it.

Chapter 3 – Estimates and Contracts

As a freelancer, you need to protect yourself. A good customer or contract can turn into a nightmare in seconds so you need a way to defend against conflicts. The best advice I can give is for you to get everything down on paper before you begin working with the customer. Here is a site I use for inspiration when drafting up agreements: www.formsguru.com. Another tip is to save previous versions of documents in order to use them as a template the next time you have to draft a contract or estimate up.

Estimates

The first document that you should create is a simple estimate. This is especially important when you are in the service field. Once you understand what a potential customer wants, you go to your computer and fire up your favourite word processor. Write down all relevant customer information, and detail the work that the customer would like to get done. Provide an estimate of the time it will take to carry out the work and factor in your hourly rate. Be generous with your estimates while staying within the confines of a competitive price. For example, if a specific job will take you about 3 hours, jot down 4 or 5 hours in order to give yourself some wiggle room. Sometimes, unknown factors can turn a given job from a 3-hour job to a 5-hour job so you need room to breathe. On the other hand, some customers love to haggle; so bumping an hour off your estimate will make them ecstatic, while not costing you a dime. Also, be sure to state that the estimate is not a legally binding document and that it is simply an outline to be used when drafting up an official contract.

Contracts

Once an estimate is agreed upon, you need to turn that sucker into a binding agreement. The difference between an estimate and a contract is that a contract is more specific. Be specific in order to protect yourself. Give out delivery dates per item on your contract. Clear up as many details as possible. For example, if you are offering construction services, point out on paper if you or the customer is paying for supplies and materials. The devil is in the details so cover as much as you can. If at all possible, provide terms and conditions on paper for dealing with possible conflicts. For example, if a customer would like to amend the contract and add something to it while the work is being carried out, provide clear instructions on the contract on how the customer can communicate these amendments with you.

A contract does not need to be approved by a lawyer or other professional, just as long as it’s clear and signed by both parties. Provide a signed copy to your customer and save the other signed copy for yourself. Make sure that the contract doesn’t come off as scary to the customer. Put in clauses that are in both your favour and that of the customer. I like to include a revisions page at the end of the contract where notes can be written down so that if the contract needs to be modified, you have something to work with when you come back to your desk. Just be sure that the note page is not included in the contract itself. By this I mean adding a clause at the beginning of the note page that states that this page is not a legal contract and is simply there as a reference document used in contract revisions PRIOR to the signature process.

Chapter 4 – Invoicing

Don’t go crazy. Seriously, you don’t need an accounting package. You need a nice clean way to generate invoices, make receipts and track your income. My answer to all this is PayPal. Even if you don’t operate an electronic business, PayPal is the key for you to invoice your customer. Open a PayPal account and link it to your bank account. Use PayPal’s invoicing tool to generate an invoice and send it by email to your customer once the work is completed.

If your customers are hesitant to pay you online using a credit card or direct debit, simply print the PayPal invoice and hand it to them. Using PayPal to generate an invoice doesn’t cost you any money, nor does it mean you have to be paid via PayPal. This way you can invoice from anywhere at anytime. Furthermore, PayPal will track invoices, payments and customers for you.

I’d love to give you more alternatives in terms of invoicing, but frankly, unless you are completely self-employed, you don’t need an accounting package. Save your money and your time and stick to simplicity.

Chapter 5 – Your Portable Office

Because you operate your business as a sideline, it is generally assumed that you are not always in front of your personal home computer. In the past, this meant that you could only access business documents from your home PC. Sure, you can use a portable storage device to haul your work around with you, but that’s not really the best way to go. Sometimes, I have customers that require that I send them a copy of an invoice, or even a contract while I’m at work or at a friend’s house, so I use Google Docs.

Google offers a web based word processor and spreadsheet application that I can access from anywhere with my username and password. When I work with documents on Google Docs, they are saved to their servers and accessible anytime. I have templates of contracts, folders for customer specific information, and spreadsheets for cost analysis documents and so on. Best of all, if you signed up for GMail for your email account, you already have access to Google Docs. As an added bonus, you also have access to Google Calendar in order to plan your work. Gmail also works create for managing your customer contacts. When all is said and done, you have one great portable office that you can use to manage your business from anywhere.

If you are already used to using Microsoft Word and Excel, the transition to Google Docs is easy since Google has a great import feature, which enables you to use your existing documents within the Google Docs environment.

On top of that, Google Docs feels just like any Microsoft product with the same functions and options. The learning curve isn’t that steep and the rewards are fantastic.

I have tried many different packages, and none rival what Google has done. Portable documents in an easy to use interface enable me to give great customer service, and keep on top of my business at all times.

Conclusion

Some of what has been discussed in this guide may be old news to some, and revolutionary to others. This guide is really just a primer as most every point listed in it can be expanded upon even further. All that being said, the goal here was to provide you with the quickest, cheapest and most efficient way for you to begin offering services to the public. It is important that you use your head and apply the methods that make sense for your business.

Once you have some of these systems set up, the hardest part is to actually generate sales. There is a lot of footwork involved with operating in the service industry, and the time you have saved using the techniques listed above can be used towards perfecting your product and bringing money in.

Useful Sites

Google Docs: http://docs.google.com

Gmail: http://gmail.com

Blogger: http://blogger.com

FreeWeb: http://members.freewebs.com

WebAlias: http://webalias.com/

Facebook: http://facebook.com
Forms Guru: http://formsguru.com

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