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Tutoring ServiceIf you can add 2 plus 2 and get 4 most of the time or can read “See Spot run!” then you have what it tak...
03/11/2021

Tutoring Service
If you can add 2 plus 2 and get 4 most of the time or can read “See Spot run!” then you have what it takes to be a tutor – at least for first graders! And if your skills are more advanced then you can tutor at higher levels. Or you can just hire other people to do all the tutoring for you!

You can tutor almost anywhere. You can tutor online via video, such as on Zoom. You can go to your clients’ homes or they can come to your home. Or you can meet in a coffee shop or a library.

The demand is huge. We hired tutors to help my kids improve their college entrance test scores. One year, when they decided they weren’t learning much at school, we hired a tutor to home school them. The tutor was an MIT college student who had never tutored, but nonetheless was fabulous.

Tutoring is still another example of a very easy-to-start business. Yet you can grow it as large as you want by hiring additional tutors and ramping up your marketing. For example, I sold a career magazine business that I started to Kaplan Inc. Kaplan has grown into a world leader in tutoring with over 12,000 employees and over 1 million students.

Custom T-Shirt BusinessCan you really make good money selling custom T-shirts? Yes you can! A friend of mine, Jeff Jacob...
03/11/2021

Custom T-Shirt Business
Can you really make good money selling custom T-shirts? Yes you can! A friend of mine, Jeff Jacober, started a custom T-shirt business right after college. He reached sales of $20 million a year. Then he sold the business when he turned 40 and made enough money to buy a sailing yacht and cruise around the Caribbean for a year, buy an airplane, and invest in several new business ventures.

Custom T-Shirts are perfect for selling online, but you could sell them locally too. Even if you are going to focus on your local market you might want to initially skip the cost of a storefront and try running this business from your home. You could approach local businesses, social groups and sports teams. Wouldn’t it be great to get a sale for your town’s entire youth soccer league?

You can learn how to print T-shirts in minutes. I know because in college I printed T-shirts for my softball team, The Dark Horses. If you are really feeling lazy you can even contract out the actual T-shirt printing and focus exclusively on making sales and customer service. But I recommend you take a little time to learn how to print them yourself.

eBay Selling Service/Trading BusinessI’m crazy about my model trains so I’m constantly buying more pre-owned items on eB...
03/11/2021

eBay Selling Service/Trading Business
I’m crazy about my model trains so I’m constantly buying more pre-owned items on eBay. Often I’m buying from entrepreneurs who operate their own eBay selling business.

These eBay sellers take pictures of the items, set up the listings on eBay, and arrange for packing and shipping. They might charge sellers either a commission or a flat fee. Since they pay the seller only after a sale is made, they have no inventory and no downside risk if items don’t sell. So it’s an excellent, low-risk way to make good money.

Coffee Shop/Tea SalonA coffee shop or tea salon can be a profitable and fun business. But with all the competition in th...
03/11/2021

Coffee Shop/Tea Salon
A coffee shop or tea salon can be a profitable and fun business. But with all the competition in this space today, you need to carefully think out this business before you start it. Just being nice to customers and working hard is not enough to guarantee success.

In at least one important dimension you need your coffee shop/tea salon to stand out from the competition so strongly that potential customers will go right past the competition to patronize your business. Will you offer special craft coffee? Will you offer exceptional pastries? Will your interior design be particularly inviting? What’s your plan?

Car Detailing BusinessOne of my wealthiest friends is a car nut who loves nothing better than to spend a Saturday mornin...
03/11/2021

Car Detailing Business
One of my wealthiest friends is a car nut who loves nothing better than to spend a Saturday morning washing, waxing and then taking a spin in one of his exotic cars. His older son developed an interest in cars too and while in high school got a job cleaning up and detailing cars at an auto dealership. Still in high school he later started his own car detailing business, making great money.

People who love cars love to keep them in great shape. And if you love cars too, and are incredibly meticulous, then this could be a great business for you. But let me be really clear. These customers will pay you good money. But they will not compromise on quality. And you have to try to please them. If they like you, word will spread quickly and their friends will want your services.

Start a BlogAriana Huffington started a blog with her friend Ken Lerer in 2003 after a failed political race for governo...
03/11/2021

Start a Blog
Ariana Huffington started a blog with her friend Ken Lerer in 2003 after a failed political race for governor of California. They pulled together news stories and gave political commentary naming their blog The Huffington Post. In 2011 they sold it for $315 million.

A blog is a great example of a business that you can start small and grow at your own pace. Popular blog topics include fashion, food, travel, music, sports, local interest, hobbies and much more. Choose a narrow or specialized topic and stick to it. Let your personality shine and include specific, actionable advice or pointed commentary.

My experience with blogs is that great topics and writing is seldom enough to build a sizable audience. You should learn basic SEO (search engine optimization) techniques so that your posts rank well in Google search results. Plus you’ll want to know how to best use email and social media marketing.

03/11/2021

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