Forums: Discussions for entrepreneurs and small business.

I am searching for a business that does not require physical presence in particular place. I do have a full time engineering job and would like to complement my income and job security with some revenue stream form business. Don’t look for anything big right now, but ideally would like the model to be scalable proportion to the number of hours I devote to it. Sales related and MLM models are not good fit for me. I have looked at eBay but have no idea how to approach it from sustainable revenue stream point of view. I appreciate you feedback/suggestions

Nothing can be hands-free without you putting some amount of work on it. Businesses can be run without your physical presence but then, you will still need to do the initial work.

1. Start on any business you like.
2. Build on clientele.
3. Develop systems meanwhile for everything - how you get clients, how you deliver your products and services, how you account for the receivables and payouts -- everything needs to be systematized.
4. Hire people or implement systems which can repalce you and not demand your presence again, except perhaps, for supervision.
5. Voila! Merci Beacoup!




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I`ve seen a fitness franchise that is owner absentee.  Take a look at the Entrepreneur website and look at franchises for health clubs.  I can`t remember their name.

Hello,

Thanks for suggestions. but I`ve already searched franchise models. I got to be kidding yourself if you think I could buy a franchise, don`t be there and expect business to work. I am perfectly willing to put in hours and effort, however, finding something that could work part time is a challenge. I could not identified it as of yet. My goal is to make $2k/months profit doting business part time, that is evenings and weekends.

Thanks,
Ilya

You could try opening up a laundry-mat if your looking for absentee business. You cant, just get a quick fix. There are lots of partime business you can open up, but your going to have to invest in time for researching that area. In short, can it be done....sure. Just dont look for a quick fix.

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"If you cant fly, then run. If you cant run, then walk. If you cant walk, then crawl. But whatever you do...keep moving forward."
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You might want to investigate the possibility of a business where you produce information products like eBooks.

Once you get them written and have your marketing systems in place, the business can almost be on auto-pilot.  And since there`s not a physical product, you don`t need to keep any inventory.

I`m not talking about materials in categories like get-rich-quick or how to make money on the Internet, but subjects you know about through your work experience or hobbies, for example.

It will take work to get started, but if you have a good product and know how to market it, you can wind up with a steady stream of passive income.

Hi, nycems

I have been searchings for quite some time and come to conclusion that the idea has to be more or less original. In other words, I don`t see how the the standard business you could open/buy would work here, Remember, I am at work every day for at least 9-10 hours. Ideally, it has to be something non brick and mortar, i.e. internet based model.

I have tried to start a point of sale advertisement company few years ago. We had 42" inch displays at 6 store locations and run ads for local businesses. We had contracted few very good flash/graphic designer in LA and designed a networking software ourselves. All ads could be dynamically updated via internet. Problem was we could never generate enough sales. But I`ve learned quite a bit from business and liked the idea very much. Still, we have failed to penetrate larger customers with substantially larger budgets. Small local business were not enogh to make it work. Conceptually, however, this idea could work very well, It satisfies my creteriai in scalability and locality.

So if you could suggest something interesting, I would appreciate it

Thanks in advance

Hello, Sherry

Cool idea, but I am not a writer per se. I do write technical specifications and documents in a course of work.. All I know how to really well is to design micro electronics, for which I get paid accordingly. I do however poses good organizational and analytical skills. The other thing I do well is to play tennis, but I am far from professional level :)

Think about it. All I am trying to do is to make $2k a month while keeping my main job, and without killing myself. It means, things like driving a cap, super shuttle, etc, on weekends are excluded since this kind of effort would unsustainable I bet you few people can achieve this - it`s is quite a challenge

Thanks for feedback

Have you thought about operating as a freelancer by posting your services on sites like guru.com or elance.com?  You could do market research for companies if you don`t have any other skills that would lend themselves to outsourcing.  Just a thought.





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