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Extra resources for 55 Surefire Homebased Businesses You Can Start for Under $5000
You need to be able to install software, learn new programs, and understand your computer system in order to be efficient. HOW DO YOU WANT TO SPEND YOUR DAY? Being a wedding photographer means almost exclusively weekend work—and that means every weekend during the peak wedding season of June through September. If you have a spouse or partner who works a nine-to-five job all week, starting a business where you will be gone evenings and weekends may put a strain on your relationship. WHAT YOU WILL NEED • Digital camera.
As with other businesses, you can focus on corporate clients; you’ll be planning conferences, award ceremonies, and retirement events for businesses, and you’ll probably get more money for your time. Or you can be an event planner for personal parties such as bar or bat mitzvahs, birthday celebrations, weddings and engagement parties, wedding showers, rehearsal dinners, etc. One of the first things you need to do is visit every potential event location with whom you plan to work. Work with the marketing manager to tour each site and learn what is available at each location—does the venue offer meal service or do you need to use a caterer?
But be sure to not go wild pre-purchasing inventory. If you want to specialize in a certain type of basket, you can be more confident that larger quantities of a product will be sold. But if you plan to customize according to the needs and wants of each customer who comes along, you don’t want a huge supply of widget that will end up in only two customers’ baskets—even if the widgets were a great price per thousand. The price tends to become less great when you use only five of those thousand widgets.