The Gift That Keeps On Giving
The next time you are searching for that perfect gift consider giving someone a
micro-business. Setting someone up with a micro-business is a way to not only help increase their income by providing an additional revenue stream but, studies also document less tangible benefits, such as personal empowerment and overall family well-being. Specifically, clients report that self-employment through a micro-business provides flexibility to support family roles, and results in a greater sense of workplace control, autonomy,personal development and self-esteem.
Who could benefit from your gift of a micro-business?
The following are some folks to consider:
- Relatives on a fixed income
- Your teen and pre-teen children
- Stay at home parents
- Your church or social group
- Anyone needing an additional income stream
Factory Direct, Independent Dealer
Buying factory direct or becoming an independent dealer is a great way to start your own business with little-to-no start-up capital. Basically you are in business selling a product or service that is being produced by someone else. The difference between what you purchase the product or service for and what you sell it for is your profit. More often than not you are taking orders and having those orders filled either directly from the factory (dropped shipping), or you are repackaging orders from the factory and shipping them out to your customers. You can find businesses selling everything from vitamins & supplements to advertising give-aways through this type of business arrangement.
The challenge in following this type of business model is in finding a reputable supplier with a long tract record. You do not want to make promises to your customers that you are unable to keep because your supplier failed to deliver on the promises that they made to you.
What are the benefits of using a factory direct or independent dealer arrangement as opposed to marketing your own products?
Points to consider:
- Very little start-up capital is needed
- Most guarantees are handled by your supplier
- You are usually free to set your own prices therefore determining your profit
- Generally there is no inventory to stock
- Increase your chances of success by selling an already known commodity
Owning and growing a business can be both fun and profitable. Regardless of the business model you decide to follow being successful is going to take a whole lot of hard work and dedication. If hard work and dedication become your mantra and you commit to learning as much as possible about your industry, customers, and what constitutes good service you will surely find success.Quick Links