Hard-Time Home Business Start-Ups Somerville NJ

Small business owners with less overhead expenses are more likely to survive these downturns, gaining customers large companies have been forced to leave behind. In lean times, entrepreneurs also tend to support one another, supplying services and/or joining forces to collaborate on projects.

SBDC at Raritan Valley
908-526-1200 ext. 8515
14 Vogt Drive
Bridgewater, NJ
 
SBDC at The College of New Jersey
(609) 771-2947
2000 Pennington Ave
Ewing, NJ
 
SBDC at Brookdale Community College
(732) 842-8685
765 Newman Springs Road
Lincroft, NJ
 
SBDC at New Jersey City University
(201) 200-2156
285 Westside Ave., Suites 189-191
Jersey City, NJ
 
New Jersey SBDC
(973) 353-1927
1 Washington Park, Suite 360
Newark, NJ
 
Getting Ahead in Business
(732) 306-0040
25 Crenshaw Court
Monroe Twp, NJ
 
SBDC at Kean University
(908) 737-4220
1000 Morris Avenue, Willis 301
Union, NJ
 
NJSBDC of Northwest New Jersey
(908) 269-8475
207 Main Street
Hackettstown, NJ
 
SBDC at William Paterson University
(973) 754-8695
131 Ellison Street
Paterson, NJ
 
SBDC at Raritan Valley
908-526-1200 ext. 8515
14 Vogt Drive
Bridgewater, NJ
 

Hard-Time Home Business Start-Ups

Provided By: 

Businesses That Thrive When the Economy Does Not
By Priscilla Y. Huff

Despite continued rises in unemployment in this slow economy, businesses, organizations, and individuals still need ongoing professional support and counseling services, health care, and maintenance and repair services, for example, as well as food and energy-saving products and more. Savvy entrepreneurs assess what markets recessions create and start home-based business to provide the products and services currently in demand. Small business owners with less overhead expenses are more likely to survive these downturns, gaining customers large companies have been forced to leave behind. In lean times, entrepreneurs also tend to support one another, supplying services and/or joining forces to collaborate on projects.

Whether you are forced by your current financial circumstances to find new ways to support yourself or your family, wish to fulfill an entrepreneurial dream, or are determined to only depend on yourself for future earnings, here are twenty-five home-business ideas to consider that have potential growth even in difficult economies:∗∗

Note: Professional associations are primarily networking organizations and usually do not offer start-up information. Include a business-sized, self-addressed, stamped envelope with any “snail” mail correspondence.

1. Auctions, Online Broker/Assistant

People looking for quick cash or getting rid of unwanted items, but lack the time or the know-how sell their items at online marketplaces, will pay commissions to professionals to sell their items on the Internet. Most online brokers specialize in the items they sell.

Success Tips: Know the value of your clients’ items and the best sites to sell them. Use recommended software for tracking online listings, for bookkeeping and billing, and to record your consignor’s information and contracts. Depending on local traffic regulations, decide if you will pick up your clients’ items or have them brought to your home-business location.

Suggested Resources: ∗Selling Beyond Ebay: Foolproof Ways to Reach More Customers And Make Big Money on Rival Online Marketplaces by Greg Holden.∗www.auctionbytes.com/ - online-auction industry news.

2. Barter Network

When money is scarce, people use bartering more often to exchange goods for services or vice versa. Start an exclusive online network, enabling your clients to make their bartering transactions between one another, or arrange periodic meetings at set locations where people purchase tickets for the opportunities to barter in person.

Success Tips: Local barter networks are often more successful as participants prefer to see tradable items and meet the people with whom they are bartering. Work to build trust in your network.

Suggested Resources: ∗International Reciprocal Trade Association ( www.irta.com /) – Standards, information. ∗National Associatio...

Click here to read more from Home Business Magazine

© Copyright 2013 Home Business Magazine. All Rights Reserved. Privacy Policy | Terms and Conditions
Infoswell Media