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.
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You might try to look into funding entrepreneurs in a venture for a take in the company and profits and maybe help in consulting the business. Make sure that all funding is done legally and properly with a contract between the two of you and what exactly is being proposed and how much of a shareholder you are. Most entrepreneurs do not want daily interference into the business so they will perform the work while you monitor and consult if you can. Develop a buyout clause so the entrepreneur is not tied to you forever. It makes us grumpy. If you find a venture that takes hold and grows you may want to provide a second round of funding for a greater share in the company and its profits. If you're careful in choosing a project well you will be able to fund several at one time placing yourself as a shareholder and collecting your profits. Again I stress that if you have no real business experience move slowly in small steps and get the business knowledge you need. Just because an auto mechanic knows how to work on cars doesn't mean he can run a business that works on cars. They are two different animals.
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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
---Jose L. Siandre
Business & Franchise Consultant
The Franchise Authority d/b/a Siandre Business Group, LLC
201-452-5086 - Office
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Is it possible that you may be placing too many restrictions on how to go about getting to the point that you want to get to? You want to be able to earn an extra $2k per month by only doing lite work in evenings and on the weekends. You need something that is scalable and flexible, and is web based.
My first thought is that in order to bring in $2k a month in income (not sales), someone or something is going to have to do the hard work to get to that point. If you are either not wanting to be that person, or not able to, then you need to consider other ways the work will get done. I have 2 suggestions for you.
1. Have your money work for you. Unfortunately most of us are not in a position to make this choice, but if you are, then this may be the route that you will need to go. Someone or something is going to have to work hard to earn you $2k a month in income, and cash is a great way to make that happen. If you have it available, consider making private investments in a business or businesses. There are several ways that you can structure private investments that meet the requirements that you have stated.
2. Have employees work for you by considering purchasing an existing business. Purchasing an existing business is a great way to avoid the time, effort and expense of starting a business from the ground level. However, even for this option you have to have money to get started. Plan on spending the time that you will be working in the business to be high level management type stuff. Employees, customer communications, accounts receivables and payables, that type of stuff will be what will demand your time while you are working in the business. So if that is not your thing then beware of purchasing an existing business.
I don`t think that any of us have enough information about you to make good suggestions about what may be an option for you. But whether it is a hot dog stand or an information product sold on the web, turning it into a 2K a month income is going to be tough to do unless it is something that you are passionate about, and even then it is going to difficult.
Let me know if I can be of any assistance!
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