Tag: Home-based

Insuring Your Home-based Business #stock #market #results

#home businesses

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Insuring Your Home-based Business

If you’re running a business from your home, you may not have enough insurance to protect your business equipment. A typical homeowners policy provides only $2,500 coverage for business equipment, which is usually not enough to cover all of your business property. You may also need coverage for liability and lost income. Insurance companies differ considerably in the types of business operations they will cover under the various options they offer. So it’s wise to shop around for coverage options as well as price.

Regardless of the type of policy you choose, if you’re a professional working out of your home, you probably need professional liability insurance. Some types of in-home businesses, such as those that make or sell food products or sell home-made personal care products, may have to buy special policies.

To insure your business, you have three basic choices, depending on the nature of your business and the insurance company you buy it from. They are:

  1. Homeowners Policy Endorsement.
    You may be able to add a simple endorsement to your existing homeowners policy to double your standard coverage for business equipment such as computers. For as little as $25 you can raise the policy limits from $2,500 to $5,000. Some insurance companies will allow you to increase your coverage up to $10,000 in increments of $2,500.

You can also buy a homeowners liability endorsement. You need liability coverage in case clients or delivery people get hurt on your premises. They may trip and fall down your front steps, for example, and sue you for failure to keep the steps in a safe condition.

The homeowners liability endorsement is typically available only to businesses that have few business-related visitors, such as writers. But some insurers will provide this kind of endorsement to piano teachers, for example, depending on the number of students. These endorsements are available in most states.

  • In-Home Business Policy/Program.
    An in-home business policy provides more comprehensive coverage for business equipment and liability than a homeowners policy endorsement. These policies, which may also be called in-home business endorsements, vary significantly depending on the insurer.

    In addition to protection for your business property, most policies reimburse you for the loss of important papers and records, accounts receivable and off-site business property. Some will pay for the income you lose (business interruption) in the event your home is so badly damaged by a fire or other disaster that it can’t be used for a while. They’ll also pay for the extra expense of operating out of a temporary location.

    Some in-home business policies allow a certain number of full-time employees, generally up to three.

    In-home business policies generally include broader liability insurance for higher amounts of coverage. They may offer protection against lawsuits for injuries caused by the products or services you offer, for example.

    In-home business policies are available from homeowners insurance companies and specialty insurers that sell stand-alone in-home business policies. This means that you don’t have to purchase your homeowners insurance from them.

  • Businessowners Policy (BOP).
    Created specifically for small-to-mid-size businesses, this policy is an excellent solution if your home-based business operates in more than one location. A BOP, like the in-home business policy, covers business property and equipment, loss of income, extra expense and liability. However, these coverages are on a much broader scale than the in-home business policy.

    A BOP doesn’t include workers compensation, health or disability insurance. If you have employees, you’ll need separate policies for these coverages.

    • Automobile Coverage.
      If you are using your car for business activities — transporting supplies or products or visiting customers — you need to make certain that your automobile insurance will protect you from accidents that may occur while you’re on business. Contact your home or auto insurer.




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    Insurance for home-based business #best #business #loans

    #home businesses

    #

    Insurance for home-based business

    Last Updated: 10 May 2016

    If you run your business from home, it’s important to understand that your existing home and contents insurance may not cover your business activities or your clients in the event of an accident or illness. This is a common mistake for many businesses and can make you personally liable if an accident occurs.

    What type of insurance should I get?

    There are many insurance policies targeting home-based businesses. Before you decide on an insurance policy, compare different providers to select what’s best for you.

    As a home-based business you need to make sure you have the correct level of insurance to protect yourself, your business and your home. It’s also important to understand that standard homeowner policies do not generally provide cover for home-based business activities.

    When looking at insurance providers, consider the following types of insurance:

    • public liability cover for persons visiting your business at home (e.g. customers and suppliers)
    • asset insurance of business equipment, inventory, tools of trade, office furniture or computer equipment
    • workers’ compensation for any employees working from your home
    • fire, storm and theft cover for the loss of any stock and equipment
    • professional indemnity insurance if you’re in a service industry, especially if you’re contracting to government
    • loss of income due to personal accident or illness
    • costs arising from interruption to your business
    • marine policy if you send products via freight carriers or post.

    It’s important to note that many policies don’t cover tools of trade, office furniture or computer equipment used for your business, unless you and your insurer have agreed to cover them.

    What to do.

    • Read more about Home-based business and check out our Starting a home-based business page.
    • Find out about types of insurance .
    • You may be interested in our Online business page if your home business is online.
    • Read about Managing inventory for information on protecting your stock.
    • Compare insurance companies and brokers.
    • Talk to your industry association or professional body for advice.

    Was this helpful?

    Thanks for your feedback. If you have any ideas on how we can improve, we’d love to hear them.

    Please provide your comments in the feedback form .

    You might also be interested in





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    2012 – Top 10 Home-Based Franchises for Women #business #advice

    #work from home ideas

    #

    2012 Top 10 Home-Based Franchises for Women

    Are you looking to work at home or be your own boss, but you don’t know where to start? A home-based franchise might be the perfect self-employment opportunity for you.

    I know, when you think of the word franchise you think Starbucks and McDonald s and you think BIG investment.

    Well, I m here to tell you, that s not always the case.

    In fact, there are many home-based franchises that are very affordable and many of them were launched by women just like you!

    The nice thing about a franchise is that all the hard work has been done for you; you basically pay for the franchise and you’re given a detailed manual and tools on how to replicate the business exactly. Besides being a low-risk investment, another great perk of owning a franchise, is that many franchises already have well known established brands, so you spend less money on marketing and advertising.

    To assist you with your search, I’ve compiled a list of the top 10 home-based franchises for women. Franchises are listed in order of price, from lowest to highest.

    1. Loyal Checkin Closed

    Franchise Fee: $99 a month, flat fee

    Loyal Checkin is a mobile loyalty business. With Loyal Checkin you ll be assisting business with their mobile marketing campaigns, and with the tools that they supply you with, you can create them yourself, or have one of their developers create it for you. So if you re outgoing, enjoy sales, and like working online, a home-based franchise with Loyal Checkin may be your next step.

    Franchise Fee: $1,815 $2,015

    AssistU is a comprehensive franchise/training program on how to set up and run a virtual assistant business. A Virtual Assistant (VA) is a highly skilled, home based professional that offers companies and businesses administrative, technical and social assistance.Virtual Assistants complete tasks such as, sending out correspondence via email or mail, appointment setting, typing, online filing, phone calls, internet research, data entry, maintaining websites, etc. If you enjoy helping people, are organized and have good time management skills, a AssistU franchise may be the perfect home based opportunity for you!

    3. Homeowner Referral Network

    Franchise Fee: $1,995 $6,495

    Homeowner Referral Network is a business in a box, that pre-screens and refers local home improvement contractors. If you have good judgment, can give honest assessments of contractors, and have a passion for helping others, a Homeowner Referral Network Franchise may be you’re calling.

    Franchise Fee: $3,000

    Royalty Fee: Flat annual rate

    Molly Manners is a home-based franchise that operates at host locations (schools, daycare centers, parks, libraries and community centers). Molly Manner’s has three programs that cater to children ages three through seventeen, teaching everything from kindness to others, play-date etiquette, good manners, etiquette and social skills. So if you enjoying working with children and want to make a difference, a Molly Manner’s Franchise may be your perfect business.

    Franchise Fee: $5,000 $25,000

    Royalty Fee: $195 or 7% monthly fee

    Stroller Strides is a home-based franchise that offers a total fitness program for moms and their babies and toddlers. So if you have a passion for fitness and a desire to have a career that is supportive of motherhood, Stroller Strides may be your calling.

    Franchise Fee: $9,995

    Cruise Planners is a home-based franchise that offers cruise planning services to individuals. So if you love to travel and have the entrepreneurial bug, Cruise Planners may be a great fit for you.

    7. Just Between Friends

    Franchise Fee: $12,090

    Just Between Friends is a children’s and maternity consignment event franchise, that operates a sale twice yearly. So if you’re a mom that enjoys being green and that can find the needle in the haystack, Just Between Friends may be the perfect opportunity for you.

    Franchise Fee: $14,575

    Décor and You is a home-based business that assists clients with decorating and redesigning their homes. If you have a flair for interior design and are creative, a home-based franchise with Décor and You may be the perfect home-based franchise for you.

    Franchise Fee: $25,000

    Moms Corps is a staffing and recruitment company for moms, offering online job boards, events, services and training. So if you love helping moms find a career that they are passionate about, Mom Corps may be a good fit for you.

    10. Cybertary Closed

    Franchise Fee: $37,500 $60,000

    Cybertary is a home-based franchise that assists with business owners with various administrative, technical and social tasks. So if you like to help people, are you organized, have good time management skills, excellent proof reading, grammar and spelling, a career with Cybertary may be the perfect home-based opportunity for you.

    While franchise costs and fees are believed to be correct, please check with the individual companies for complete up-to-date information and prices. Please be aware that these companies have not been researched by me personally. As is always the case, please do your due diligence prior to enrolling in any business opportunity. This list is my own personal opinion and should be taken as such.

    Full disclosure: Just Between Friends and Cruise Planners advertise on The Work at Home Woman.





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    Starting a home-based business #business #mailing #lists

    #home based business

    #

    Starting a home-based business

    Last Updated: 9 May 2016

    Once you have your business plan finalised and are ready to set up your home-based business, you may have a seemingly endless list of things to do. To make sure that you’re ready for the next step, consider the following:

    Setting up your premises

    When you set up your office, you may need new furniture, office equipment and information and communications systems. It’s a good idea to assess your business requirements first, shop around, compare prices, ask for advice from other home-based business operators and buy only what you need.

    If you decide to rent or lease equipment rather than buy, you may be able to claim the payments as a tax deduction see the Australian Taxation Office (ATO) website about business income and deductions .

    Your phone service provider may have services that cater for the needs of home-based businesses. Make sure your phone service is appropriate for your changing phone use, and consider installing a dedicated phone line for your business to ensure all business calls are answered professionally.

    You should also protect your electronic data by regularly backing up business information and storing a copy in an external location.

    Setting up your finances

    The way you set up your business in your home may affect your tax deductions. See the ATO information on home-based business .

    It’s important to set up and maintain separate bank accounts for your business and personal funds. This will make record keeping easier and provide a more professional image. Find out what business services your bank offers and do your research to make sure their services are competitive.

    Read our Finance topic to help you get started setting up your finances.

    Setting up your working conditions

    You’ll be spending a lot of time there, so make sure your workplace is a pleasant, comfortable and safe environment for you and your clients. Safe Work Australia can provide you with advice about Workplace health and safety .

    The Your Energy Savings website has a Guide for home-based businesses with information on practical and realistic steps that you can take to reduce your energy costs when running a home-based business.

    You may need to employ staff or outsource work to contractors and you’ll have certain obligations to them. See our topic on Employ people for more information about work conditions.

    What to do.

    • Download our Starting a business checklist for guidance on starting a business.
    • Contact Safe Work Australia in your state or territory about workplace health and safety and workers’ compensation.
    • See our information on Workplace health and safety .
    • See what home-based business assistance is available in your state or territory.
    • Find out about balancing work and family. including flexible work arrangements and teleworking.

    Was this helpful?

    Thanks for your feedback. If you have any ideas on how we can improve, we’d love to hear them.

    Please provide your comments in the feedback form .

    You might also be interested in





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    Insuring Your Home-based Business #doing #business #as

    #home businesses

    #

    Insuring Your Home-based Business

    If you’re running a business from your home, you may not have enough insurance to protect your business equipment. A typical homeowners policy provides only $2,500 coverage for business equipment, which is usually not enough to cover all of your business property. You may also need coverage for liability and lost income. Insurance companies differ considerably in the types of business operations they will cover under the various options they offer. So it’s wise to shop around for coverage options as well as price.

    Regardless of the type of policy you choose, if you’re a professional working out of your home, you probably need professional liability insurance. Some types of in-home businesses, such as those that make or sell food products or sell home-made personal care products, may have to buy special policies.

    To insure your business, you have three basic choices, depending on the nature of your business and the insurance company you buy it from. They are:

    1. Homeowners Policy Endorsement.
      You may be able to add a simple endorsement to your existing homeowners policy to double your standard coverage for business equipment such as computers. For as little as $25 you can raise the policy limits from $2,500 to $5,000. Some insurance companies will allow you to increase your coverage up to $10,000 in increments of $2,500.

    You can also buy a homeowners liability endorsement. You need liability coverage in case clients or delivery people get hurt on your premises. They may trip and fall down your front steps, for example, and sue you for failure to keep the steps in a safe condition.

    The homeowners liability endorsement is typically available only to businesses that have few business-related visitors, such as writers. But some insurers will provide this kind of endorsement to piano teachers, for example, depending on the number of students. These endorsements are available in most states.

  • In-Home Business Policy/Program.
    An in-home business policy provides more comprehensive coverage for business equipment and liability than a homeowners policy endorsement. These policies, which may also be called in-home business endorsements, vary significantly depending on the insurer.

    In addition to protection for your business property, most policies reimburse you for the loss of important papers and records, accounts receivable and off-site business property. Some will pay for the income you lose (business interruption) in the event your home is so badly damaged by a fire or other disaster that it can’t be used for a while. They’ll also pay for the extra expense of operating out of a temporary location.

    Some in-home business policies allow a certain number of full-time employees, generally up to three.

    In-home business policies generally include broader liability insurance for higher amounts of coverage. They may offer protection against lawsuits for injuries caused by the products or services you offer, for example.

    In-home business policies are available from homeowners insurance companies and specialty insurers that sell stand-alone in-home business policies. This means that you don’t have to purchase your homeowners insurance from them.

  • Businessowners Policy (BOP).
    Created specifically for small-to-mid-size businesses, this policy is an excellent solution if your home-based business operates in more than one location. A BOP, like the in-home business policy, covers business property and equipment, loss of income, extra expense and liability. However, these coverages are on a much broader scale than the in-home business policy.

    A BOP doesn’t include workers compensation, health or disability insurance. If you have employees, you’ll need separate policies for these coverages.

    • Automobile Coverage.
      If you are using your car for business activities — transporting supplies or products or visiting customers — you need to make certain that your automobile insurance will protect you from accidents that may occur while you’re on business. Contact your home or auto insurer.




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    33 Best Home-Based Business Ideas in the Philippines #work #from #home #business #ideas

    #home business ideas

    #

    33 Best Home-Based Business Ideas in the Philippines

    There is an entrepreneur inside all of us that wants to come out.

    However, we are limited by our own fears and beliefs; thus, we prefer to follow the business ideals set by others. Entrepreneurs are driven by one thing: PASSION.

    If you have a passion for an activity, a skill that has remained dormant, or assets that only gather dust, the spirit of entrepreneurship will find a way for you to monetize them.

    You can jump-start your entrepreneurial journey with a home-based business that requires these passions and skills and utilizes assets instead of letting them succumb to depreciation.

    Related: 7 Home-Based Business Ideas without Spending Much Money

    Before you start, it is advisable that you have three very important components in place:

    1. A fully functioning and mobile responsive website
    2. Accounts in the Big Three social media: Facebook, Twitter, and Google+
    3. Calling cards, printable brochures, and marketing materials

    Finally, be prepared to network your services tirelessly during the first quarter of operations. You should get the word out, which means massive, ambitious online and offline networking activities.

    Here are 33 ideas that you can consider for your home-based business in the Philippines.

    Best Home-Based Business Ideas in the Philippines

    1. Selling Products Online

    From a plastic fork that was allegedly used by Michael Jordan to a potato chip that bears the likeness of US comedian Jay Leno, people make money by selling products online.

    If you have talent with handicrafts or you plan to distribute a product in your region, going online opens a huge window of opportunity to find potential markets of buyers.

    2. Freelance Writing

    It is one of the basic skills that was taught to us while growing up. However, although everyone can write, not everyone can write a great, engaging content. Online job platform Elance cites “Writing Services” as the most in-demand service for freelancers.

    3. Blogging

    According to statistics. small businesses that have a blog generate 126% more leads than those that don’t. Blogging enhances your credibility, expertise, and reputation. Companies are in need of writers who can create relevant and engaging blogs for their business. Or, use your blog to earn both active and passive income.

    Recommended Guide: How to Create and Start a Blog Site

    4. Build Websites

    Of the companies that generate between US$ 2.5 to US$ 4.5 million, 67% own websites. Only 53% of small business owners have websites. However, given the increasing popularity of smart phones for Internet surfing, the demand for company websites is expected to skyrocket in 2015.

    Post navigation

    6 Business Habits Every Entrepreneur Should Stop Doing

    6 Reasons Why Accounting Services Can Benefit Your Small Business





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    2012 – Top 10 Home-Based Franchises for Women #business #name #generator

    #work from home ideas

    #

    2012 Top 10 Home-Based Franchises for Women

    Are you looking to work at home or be your own boss, but you don’t know where to start? A home-based franchise might be the perfect self-employment opportunity for you.

    I know, when you think of the word franchise you think Starbucks and McDonald s and you think BIG investment.

    Well, I m here to tell you, that s not always the case.

    In fact, there are many home-based franchises that are very affordable and many of them were launched by women just like you!

    The nice thing about a franchise is that all the hard work has been done for you; you basically pay for the franchise and you’re given a detailed manual and tools on how to replicate the business exactly. Besides being a low-risk investment, another great perk of owning a franchise, is that many franchises already have well known established brands, so you spend less money on marketing and advertising.

    To assist you with your search, I’ve compiled a list of the top 10 home-based franchises for women. Franchises are listed in order of price, from lowest to highest.

    1. Loyal Checkin Closed

    Franchise Fee: $99 a month, flat fee

    Loyal Checkin is a mobile loyalty business. With Loyal Checkin you ll be assisting business with their mobile marketing campaigns, and with the tools that they supply you with, you can create them yourself, or have one of their developers create it for you. So if you re outgoing, enjoy sales, and like working online, a home-based franchise with Loyal Checkin may be your next step.

    Franchise Fee: $1,815 $2,015

    AssistU is a comprehensive franchise/training program on how to set up and run a virtual assistant business. A Virtual Assistant (VA) is a highly skilled, home based professional that offers companies and businesses administrative, technical and social assistance.Virtual Assistants complete tasks such as, sending out correspondence via email or mail, appointment setting, typing, online filing, phone calls, internet research, data entry, maintaining websites, etc. If you enjoy helping people, are organized and have good time management skills, a AssistU franchise may be the perfect home based opportunity for you!

    3. Homeowner Referral Network

    Franchise Fee: $1,995 $6,495

    Homeowner Referral Network is a business in a box, that pre-screens and refers local home improvement contractors. If you have good judgment, can give honest assessments of contractors, and have a passion for helping others, a Homeowner Referral Network Franchise may be you’re calling.

    Franchise Fee: $3,000

    Royalty Fee: Flat annual rate

    Molly Manners is a home-based franchise that operates at host locations (schools, daycare centers, parks, libraries and community centers). Molly Manner’s has three programs that cater to children ages three through seventeen, teaching everything from kindness to others, play-date etiquette, good manners, etiquette and social skills. So if you enjoying working with children and want to make a difference, a Molly Manner’s Franchise may be your perfect business.

    Franchise Fee: $5,000 $25,000

    Royalty Fee: $195 or 7% monthly fee

    Stroller Strides is a home-based franchise that offers a total fitness program for moms and their babies and toddlers. So if you have a passion for fitness and a desire to have a career that is supportive of motherhood, Stroller Strides may be your calling.

    Franchise Fee: $9,995

    Cruise Planners is a home-based franchise that offers cruise planning services to individuals. So if you love to travel and have the entrepreneurial bug, Cruise Planners may be a great fit for you.

    7. Just Between Friends

    Franchise Fee: $12,090

    Just Between Friends is a children’s and maternity consignment event franchise, that operates a sale twice yearly. So if you’re a mom that enjoys being green and that can find the needle in the haystack, Just Between Friends may be the perfect opportunity for you.

    Franchise Fee: $14,575

    Décor and You is a home-based business that assists clients with decorating and redesigning their homes. If you have a flair for interior design and are creative, a home-based franchise with Décor and You may be the perfect home-based franchise for you.

    Franchise Fee: $25,000

    Moms Corps is a staffing and recruitment company for moms, offering online job boards, events, services and training. So if you love helping moms find a career that they are passionate about, Mom Corps may be a good fit for you.

    10. Cybertary Closed

    Franchise Fee: $37,500 $60,000

    Cybertary is a home-based franchise that assists with business owners with various administrative, technical and social tasks. So if you like to help people, are you organized, have good time management skills, excellent proof reading, grammar and spelling, a career with Cybertary may be the perfect home-based opportunity for you.

    While franchise costs and fees are believed to be correct, please check with the individual companies for complete up-to-date information and prices. Please be aware that these companies have not been researched by me personally. As is always the case, please do your due diligence prior to enrolling in any business opportunity. This list is my own personal opinion and should be taken as such.

    Full disclosure: Just Between Friends and Cruise Planners advertise on The Work at Home Woman.





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    5 Flexible Home-Based Business Ideas for Women #home #party #businesses

    #home business ideas for women

    #

    5 Flexible Home-Based Business Ideas for Women

    Many years ago when I started brainstorming work at home business ideas, many occupations came to mind, event planner. professional organizer, doula. and personal concierge. But when I asked myself, “How do I want my life to look?” it didn’t include running all around town or working on holidays or weekends.

    When I sat down and mapped out my dream work at home job, it involved working from inside my home with a schedule that was super flexible; meaning I could work any hours from anywhere in the world. While there are a lot of work at home business opportunities out there many of them do require you to work standardized hours.

    So if you’re looking for a truly flexible business to start, here are 5 ideas to get you started.

    1) Blogger Do You Want to Be an Online Publisher?

    Obviously, I’m a huge advocate for starting your own blog. But let me tell you why blogging is such a great business to start.

    • It builds a business platform for other opportunities like freelance writing, coaching, speaking, marketing, or selling products.
    • Showcases your expertise.
    • Introduces you to people and opportunities you would not have been privileged to before.
    • It takes very little money to start and run.
    • You can blog about ANYTHING!

    When you’re a blogger you’ll be doing many different tasks at once. You’ll be researching, writing, editing, and taking photos for blog posts, so that you can publish awesome content. You’ll be dealing with tech issues, like adding new plugins, modifying your side bar, or trying to figure out why your site is running slow. You’ll be distributing your articles on social media channels like Facebook, Twitter, and Pinterest. You’ll be interacting with readers through blog comments, social media platforms, and email. And don’t forget about providing customer service and support to your advertisers and sponsors. While it takes time to make money from blogging. it truly is one of the most flexible careers you can have, and you get to write about what you love!

    Bloggers make their money in a multitude of ways from: direct ad sales. affiliate marketing. working with ad networks, corporate sponsorships, brand ambassadorships, sponsored blog posts, holiday gift guides, coaching, selling products, informational programs, e-books and webinars. How much you earn as a blogger will depend greatly on your determination, mindset, and niche.

    Mandy Rose from House of Rose Blog has been blogging since 2008 and currently makes over $40,000+ a year. Meagan Paullin from Sunshine and Sippy Cups started blogging in 2011 and currently makes over $100K per year. Read about their blogging success here .

    2) Coach Do You Enjoy Helping Others?

    Being a coach means helping people better their lives through focused dialog and practice. So if you have a desire to help others, are dependable, a good listener, and non-judgmental launching a coaching business may be the perfect idea for you. What type of coach you ll become will vary greatly upon the prior experience and training that you have. While some individuals specifically go to college or get additional training to become a coach, others fall into coaching, because they have an extensive knowledge and passion for a certain subject matter. Here are just a few of the niches you can work in: Career coaching, business coaching, fitness and wellness coaching, life coaching, direct sales coaching, parenting coach, and the list goes on and on.

    Coaches can make money by facilitating one-on-one coaching sessions via phone, email, or Skype, group sessions, webinars, selling e-books and informational products, speaking, book writing, selling online courses, seminars, and mastermind groups.

    Traci Bild, founder of Get Your Girl Back, Sarah Dew Finks, founder of the Happy Entrepreneur, and Cynthia Occelli, founder of the Beautiful Life School are all making over $100K a year! Read about their coaching success here .

    3) Freelance Writer Is Writing Your Passion?

    As a freelance writer. you will research, write, and edit articles and documents for clients. Now, you may be thinking that you need an English degree to be a writer, but the truth is, anyone who enjoys writing can do it professionally. The types of projects that you take on will vary on your prior knowledge, skill set, experience, and interests. The best piece of advice for anyone who wants to be a freelance writer write every day! The more you write the better and faster you’ll get. Also make sure that you’re investing in your professional development by reading and participating in courses, webinars, and training.

    Write online articles, blog posts, newsletters, magazine articles, e-books, video scripts, white papers, case studies, ghost writing, technical writing, advertising copy, resume writing, travel writing, newspaper articles, website copy, grant writing, brochures, sales materials, and training manuals.

    Laura Spencer has over 24 years of writing experience, but came to the freelance world in 2002. You can read more of her story and freelancing tips here .

    4) Social Media Marketer Are You a Social Butterfly?

    When you’re a social media marketer you will manage companies social media channels, so you will need to know the ins and outs of the big 7: Facebook, Twitter, LinkedIn, Pinterest. YouTube, Instagram. and Google Plus. One of the best ways to land a social media gig is by having your own successful platforms and being active on them. You can also read and educate yourself on best practices which this realm is constantly changing, so you’ll need to stay on top on trends, news, and updates.

    Setting up social media profiles and accounts, sending out social media updates, social media correspondence at live events, coaching, consulting, speaking, online listening strategies, writing an e-book, and selling informational products and webinars.

    Christina Linnell started out as a blogger and turned her passion for social media into a full-time career. She now owns and runs Linnell Media Company, which provides social media solutions for small businesses.

    5) Virtual Assistant Are You a Multitasking Maven?

    When you’re a virtual assistant you help business owners with a variety of tasks, anything from answering email correspondence and making appointments, to editing, writing, bookkeeping, and social media management. What services you offer your clients will depend on your skills, background training, prior experience, and your passions. No special training is needed to become a virtual assistant, but polishing your skills and learning new ones is always a good practice. For resources and training make sure to check out VA Networking or there are many good books on this career.

    Offer administrative services, editing, writing, bookkeeping, social media management, translation, marketing, technical, creative In fact, check out this huge list of services that virtual assistants can offer, it s endless!

    Michelle Dale, Sherry Carnahan, and Michelle Mangen all run successful virtual assistant businesses from home in fact, they’re all making over six figures a year! Read about their virtual assistant success here .

    I hope these flexible home-based business ideas got your creative juices flowing! If you re still searching for more business ideas make sure to check out these articles:





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    The Most Profitable Home-Based Businesses #financial #markets #today

    #home based business

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    The Most Profitable Home-Based Businesses

    When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs.

    “I saw small studios and letter-press printers make it work on their own,” says Schmechel. “I felt like there was a big enough market out there.”

    Skills honed, the entrepreneurial 26-year-old launched her own graphic design shop, Darling Design, out of her apartment last year. She figures that an office lease would have cost an extra $1,000 per month. Sure, the home office can get a bit crowded–Schmechel shares the cramped three-bedroom rental with two roommates–but she’s happy she did it. “I couldn’t have started the business without doing it in my house,” she says.

    In Pictures: The 10 Most Profitable Home-Based Businesses

    Schmechel charges $50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally Web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to Kinko’s.) Additional overhead: a mere $10 per month for a Web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design’s first-year profits. about $50,000, she says.

    Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all U.S. businesses are now based out of an owner’s home, according to the U.S. Census Bureau. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies.

    With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has assembled a list of the 10 most profitable businesses–on a pretax basis–that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held U.S. companies with annual revenues under $1 million and bucketed by Internal Revenue Service classifications. Average pretax profits ranged from 8% to 14%.

    We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful. One big caveat: The data have an inherent positive survivorship bias, as some companies captured in earlier years may have failed along the way.

    Facilitators–from brokerages to consultancies–nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn.

    Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin of 14%. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2% to 3% of the value of each trade.

    To get started, first you’ll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven’t already bagged your broker’s license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm–and all of your employees must pass the same tests.

    Consulting is good work, if you can get it. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation–and for that they clock an average 10% operating margin. Many consultants can easily work from home when they’re not with clients on site, and most charge on a per-project basis rather than by the hour. Two big challenges: marketing and pricing the service. For more on the first, check out “Twelve Innovative Marketing Techniques “; for more on pricing, try “How To Figure Out Your Daily Rate .”

    If you’d rather create than facilitate, learn how to code. Software is a very scalable business–simply write a program once and sell lots of copies. But it’s a hits business, too. Consider that the most expensive applications for the Apple iPhone typically sell for around $10–of which the programmer might get 70%–but most are free.

    Techies can hedge their bets by doing some trouble-shooting work, too. On the service side, “the margins can be high because you’re not competing with global operators,” says Avron Barr, principal at Aldo Ventures, a software technology consulting firm in Aptos, Calif. Taken together, the “software publishing” bucket–which the IRS takes to mean both coders and help-desk types–boasts an average 14% pretax margin.

    The nasty economy could put some coin in cobblers’ coffers, as consumers look to fix up furniture, appliances and leather goods rather than shell out for the new stuff. According to Sageworks, the average pretax margin of firms under the “Personal and Household Goods Repair and Maintenance” classification is 10%.

    Maintenance work from the comfort of your garage or basement is challenging on two fronts: overall set-up (equipment, ventilation) and finding clients. Take shoe repair. Ben Roush, a cobbler in Omaha, Neb. says that used finishing machines (with the proper buffering and sanding devices) go for $10,000; stitchers, $1200; and hydraulic presses for adding glue, $300. Some repair work requires more electrical power, too: 220 volts versus the typical 110 volt capacity in most houses.

    One warning about working from home: The walls may start closing in. “I’m looking to move into a studio space for part of the week,” says Schmechel. “It was really great at first to work from home, but each day, I find it harder and harder psychologically to do it.” For an unvarnished look at home entrepreneurship, check out “The Highs And Horrors Of Home-Based Businesses .”





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    Insuring Your Home-based Business

    If you’re running a business from your home, you may not have enough insurance to protect your business equipment. A typical homeowners policy provides only $2,500 coverage for business equipment, which is usually not enough to cover all of your business property. You may also need coverage for liability and lost income. Insurance companies differ considerably in the types of business operations they will cover under the various options they offer. So it’s wise to shop around for coverage options as well as price.

    Regardless of the type of policy you choose, if you’re a professional working out of your home, you probably need professional liability insurance. Some types of in-home businesses, such as those that make or sell food products or sell home-made personal care products, may have to buy special policies.

    To insure your business, you have three basic choices, depending on the nature of your business and the insurance company you buy it from. They are:

    1. Homeowners Policy Endorsement.
      You may be able to add a simple endorsement to your existing homeowners policy to double your standard coverage for business equipment such as computers. For as little as $25 you can raise the policy limits from $2,500 to $5,000. Some insurance companies will allow you to increase your coverage up to $10,000 in increments of $2,500.

    You can also buy a homeowners liability endorsement. You need liability coverage in case clients or delivery people get hurt on your premises. They may trip and fall down your front steps, for example, and sue you for failure to keep the steps in a safe condition.

    The homeowners liability endorsement is typically available only to businesses that have few business-related visitors, such as writers. But some insurers will provide this kind of endorsement to piano teachers, for example, depending on the number of students. These endorsements are available in most states.

  • In-Home Business Policy/Program.
    An in-home business policy provides more comprehensive coverage for business equipment and liability than a homeowners policy endorsement. These policies, which may also be called in-home business endorsements, vary significantly depending on the insurer.

    In addition to protection for your business property, most policies reimburse you for the loss of important papers and records, accounts receivable and off-site business property. Some will pay for the income you lose (business interruption) in the event your home is so badly damaged by a fire or other disaster that it can’t be used for a while. They’ll also pay for the extra expense of operating out of a temporary location.

    Some in-home business policies allow a certain number of full-time employees, generally up to three.

    In-home business policies generally include broader liability insurance for higher amounts of coverage. They may offer protection against lawsuits for injuries caused by the products or services you offer, for example.

    In-home business policies are available from homeowners insurance companies and specialty insurers that sell stand-alone in-home business policies. This means that you don’t have to purchase your homeowners insurance from them.

  • Businessowners Policy (BOP).
    Created specifically for small-to-mid-size businesses, this policy is an excellent solution if your home-based business operates in more than one location. A BOP, like the in-home business policy, covers business property and equipment, loss of income, extra expense and liability. However, these coverages are on a much broader scale than the in-home business policy.

    A BOP doesn’t include workers compensation, health or disability insurance. If you have employees, you’ll need separate policies for these coverages.

    • Automobile Coverage.
      If you are using your car for business activities — transporting supplies or products or visiting customers — you need to make certain that your automobile insurance will protect you from accidents that may occur while you’re on business. Contact your home or auto insurer.




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