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Stefan Töpfer
CEO & Chairman of WinWeb Email Me |
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I'm passionate about very small business, it's positive impact on personal lives and for local communities. Reducing small business failure is my aim and that of WinWeb's services. |
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Archive for the 'Business Ideas' CategorySmall Business Start-Up Idea - Mailing List ProviderBy Stefan Töpfer on May 15, 2008A lot of companies choose to purchase targeted mail lists to aid their marketing campaign. These lists are highly desirable because they can greatly improve the accuracy of a direct mailing campaign. Your income will come from renting your lists to clients and charging a premium for the most highly targeted or largest. It is up to you how involved you become in the business – you could simply rent the list or you could work alongside your clients to help with their entire campaign. As an alternative, you may decide to make mailing lists of your own which are devoted to a specific topic. These should not be rented out and instead you should sell advertising space on there. Skills needed: It will be necessary to have some experience of database management along with knowledge of online marketing techniques. Basic web publishing skills will be helpful to allow you to update your website easily. Business environment and set-up cost: There are no barriers to this business being successful internationally. This is an inexpensive start-up, especially if you already own your own computer equipment. The main cost will involve the design of your website and the purchase of database management software. The overall start-up cost will range from £1,500 to £3,000 (3,500- 5,500 EUR, 5,000-8,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You may be able to charge for additional services such as data mining reports. Notes: This is a very competitive market so you will need to excel in order to be successful. Make sure it is easy for your clients and prospective clients to contact you. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Party PlannerBy Stefan Töpfer on May 13, 2008Organising a party can be time-consuming and stressful for many people. This is why there is a big demand for people who are able to plan and execute parties on their behalf, especially in the corporate world. You will be paid on commission for your services but could also earn extra money by selling party supplies through your website. Skills needed: You need to be a creative person who is able to design an amazing experience for your clients. It will be helpful if you have basic web publishing skills to maintain your website. Business environment and set-up cost: There is not much international potential for this business because you will have to work closely with clients. You could sell party supplies internationally but the high shipping rates will probably make this unfeasible. The set-up costs for this business are mainly related to computer equipment (including a printer, scanner and digital camera) and software, along with the cost of paying a professional to develop your website. In addition, you will need an initial inventory of party supplies in preparation for your first customers. The overall start-up cost will range from £1,500 to £5,000 (2,000- 6,000 EUR, 3,000-10,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You may wish to expand your services to provide general event planning. Notes: Make sure that the work you are going to undertake is set out in a contract between you and the client, specifying any requests or conditions that are critical to the event. This way the client cannot refuse to pay you as long as you satisfactorily complete the contract. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Lists – Start-Up on a ShoestringBy Stefan Töpfer on May 12, 2008This is the first in a weekly series of lists with the aim of inspiring people to start their own business. The first list is a selection of business ideas that can be started with almost zero capital. 20 Small Budget Start-Ups
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Small Business Start-Up Idea - Apartment FinderBy Stefan Töpfer on May 08, 2008This business caters mainly for young, single professionals moving to your local area in need of somewhere to live. Your clients will fill out a detailed form on your website and you will find them somewhere to live on the basis of their specifications. If you are in a big city or town there will certainly be demand for this type of service. Your income will come from referral fees from the rental office once the client signs a lease. There is a potential to make extra income by allowing classified advertising on your site as well. This could even take the form of a searchable database that would allow site visitors to sort through the advertisements. Skills needed: If you have a background in real estate this business would be ideal for you as a lot of liaising will need to take place with estate agents and property letters in your local area. Good communication skills are essential and you would benefit from some basic knowledge of Web publishing so that you can easily keep the website updated. Business environment and set-up cost: If your business is successful there is potential for you to widen beyond the range of your local area. The only real international potential comes from people moving to your local area from abroad, so this is not likely to be lucrative. Aside from web design, there are very few costs associated with starting this type of business. The cost will rise based on the complexity of the website – for example, implementing a database will cost more but you could generate extra revenue. The overall cost will range from £500 to £3,000 (600- 4,000 EUR, 1,000-6,000 AUD / USD). Marketing Techniques:
Complimentary business ideas: You may wish to form partnerships with or allow advertising from local businesses that can provide services for someone who has just moved into a new apartment, ranging from handymen to furniture stores. Local restaurants and bars may also be interested in attracting the custom of people who are new to the area. Notes: Your website must be kept updated constantly and once an apartment is let it should be removed immediately. It is important that rental offices do not just use your website as free advertising. Do not allow the exact address of an apartment or any contact details appear on your site unless some fee has been paid. If some of your business will be conducted through referrals with estate agents then you must have contracts in place to make sure you are reimbursed for your work. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Gift BasketsBy Stefan Töpfer on May 06, 2008Gift baskets are an excellent present for family or friends and are often sent by people who are unable to attend a special occasion or celebration in person. Offering homemade gift baskets online allows your customers a much greater level of customisation than they would otherwise get from a high street store. Besides the revenue from the basket itself, there is an opportunity to make extra profit from services that add value to your product, such as gift wrapping. You can also earn money by selling advertising space to firms that are targeting the same audience as you but are not your competition (e.g. wedding planners). Skills needed: It would be useful if you had some knowledge of online advertising techniques in order to generate high levels of traffic. The most essential asset you will need is an in-depth knowledge of all the products you sell so that you are able to deal with customer queries. Business environment and set-up cost: The only restriction on your business trading globally lies with international customs laws that may prohibit certain items being imported. As long as you thoroughly research this there are no real trade barriers. In order to start this business you will need basic computer equipment and software plus a digital camera to photograph your products. This business is ideal to set up using OnlineOffice in order to develop a professional storefront on the web. You may wish to invest in mailing list management and web traffic analysis software – although these are both expensive they are invaluable in time saving and for using targeted marketing techniques. In addition, some money must be set aside to promote the website and to purchase stock. The overall start-up cost will vary from £5,000 to £10,000 (6,000-12,000 EUR, 10,000-20,000 AUD / USD). Marketing Techniques:
Complimentary business ideas: You could offer a selection of the products sold in your baskets as separate items if there is enough demand for them Notes: Your main priority is to generate traffic to the site and this is where the majority of your workload comes from. In addition, you must carefully manage your inventory levels because offering a product for sale which is out of stock would ensure that a customer never returns. Online examples & resources:
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Small Business Start-Up Idea - Seniors ServiceBy Stefan Töpfer on May 01, 2008The main area of growth in Internet usage in the majority of developed countries is now amongst senior citizens. This group are nicknamed ‘Silver Surfers’ and they have an abundance of leisure time to spend learning, spending and planning their retirement. This business will aim to provide a knowledge base for senior citizens on a range of topics such as travel, entertainment, money and healthy living. The revenue stream from this business will come from online advertising with partners who are interested in targeting the lucrative senior market. Skills needed: It would be useful if you have previous experience in marketing and are knowledgeable about the interests and issues that concern senior citizens. Business environment and set-up cost: Your website will be of interest to senior citizens from all around the world. The only costs you will incur at start-up are related to the design and development of your website, plus the on-going cost of hosting it. You may benefit from purchasing specialist software to aid with the management of your mailing list and to track where visitors are coming to your site from, as this will give you greater insight about which of your marketing strategies are proving most effective. The overall start-up cost will be between £2,000 and £5,000. Marketing Techniques:
Complimentary business ideas: You could sell products from your affiliates aimed directly at seniors on commission through an online shop Notes: A website like this will require constant reliable updating with new content in order to get high traffic. You will need to pay for high-quality hosting to deal with serving a large amount of advertisements quickly because a slow website will turn off advertisers and surfers. In addition, your website must not appear too cluttered or confusing because many seniors are relatively new Internet users. You will need to make allowances for your target market to cater for them such as larger font sizes and unsophisticated navigation. Online examples & resources:
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Small Business Start-Up Idea - Weight Loss ConsultationBy Stefan Töpfer on Apr 30, 2008In recent years there has been a far greater emphasis placed on the importance of living a healthy lifestyle. Many people wish to get fit and lose some weight and you may be able to help them do this whilst also earning some money. This will involve online weight loss coaching and setting up an extensive knowledge base that will serve as a point of reference. The knowledge base will be primarily motivational and should include success stories from your clients. It will be free to access and as such should be seen as one of your major promotional tools. Your income will come from 1-on-1 and group consultations which can take place through a number of mediums ranging from video conferencing to actually meeting in person. Extra income will be generated through affiliation with weight-loss products such as diet pills or videos that you endorse. Skills needed: You will need to have a background in personal training and nutrition or have experience of working as a fitness instructor. If you have a personal success story regarding your own loss of weight it will help immensely when selling yourself as a coach. Because you will be in direct contact with the general public you will need excellent communication skills and an approachable personality. In addition, you will need basic web publishing skills in order to update your website. Business environment and set-up cost: There are no barriers to online international coaching other than language (although even this can be overcome by translation). This is a very low cost business to set up if you own computer equipment already as you will only need to pay to have your website developed and hosted. It would also be helpful if you owned a digital camera so that you could take pictures of some of your local clients throughout their weight loss regime. The overall cost will vary from £3,000 to £9,000. Marketing Techniques:
Complimentary business ideas: If you are creative, design your own motivational T-shirts to sell through your online shop Notes: The main players in this market (such as Weight Watchers) require you to attend sessions at a physical location so you should focus on the niche of people who do not wish to or cannot do this (for example, through shame or busy schedules). You will need to have a legal agreement in place with all your clients because there are complications relating to weight loss that could potentially result in litigation against you. Online examples & resources:
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Small Business Start-Up Idea - Community Events WebsiteBy Stefan Töpfer on Apr 24, 2008It can be difficult to keep track of all the local events that are taking place, often because the information is spread across numerous sources such as local newspapers or even the local news on television. A community event website would be a smart way of using technology to make it more convenient for people to get access to this information all in one place. This is unlikely to become a major business, but it could generate some additional income for you via paid advertising and sponsorship. Skills needed: You will need to have basic computing skills in order to maintain the website. If you have programming knowledge you will be able to build your own database and website, otherwise you will have to pay someone else to develop these for you. A background in marketing would be useful as you will need to generate high levels of traffic. Business environment and set-up cost: There is little international potential (except for tourists looking to find out about your local area) unless you become very successful and expand into some kind of portal for community events over a larger area. This could be a cheap business to set up if you have your own computer equipment and are competent enough to build a website. You will need to invest in both online and offline marketing in order to generate traffic. The overall cost will vary from £1,000 to £5,000. Marketing Techniques:
Complimentary business ideas: Arrange with event organisers to sell tickets through your website on their behalf and take a small percentage or cover charge as commission. Notes: Your information must be reliable and constantly updated. If you choose to sell tickets you must have a delivery system in place. Online examples & resources:
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Small Business Start-Up Idea - Used Computer SalesBy Stefan Töpfer on Apr 23, 2008Although the price of computing equipment has fallen steadily in recent years, there is still a large market of people who cannot afford the cost of purchasing a new system. Selling used computers online cuts out the huge expenditure of having a shop, so if you have good computing knowledge this could be an excellent part-time opportunity for you on the side. You will mainly be selling refurbished computers and parts, but you may wish to generate extra income by allowing people to place classified ads on your site. It will be necessary for you to keep a good inventory in stock at all times, although the scale of the business can vary depending on how much time you wish to dedicate to it. Skills needed: You will need to know about computer assembly in order to repair the systems you are selling. Business environment and set-up cost: It is definitely possible that this business will have international potential. However, there are some barriers like shipping costs, tax and exchange rates that may make dealing with certain countries unprofitable. The cost of starting up this business will vary from £5,000 to £25,000 based on how much equipment you already own and the amount of inventory you wish to keep in stock. Marketing Techniques:
Complimentary business ideas: You could sell software packages in addition to the systems or form an alliance with software companies to provide referrals Notes: It will be vital for you to check parts and systems thoroughly, because if there are faults then it will reflect very badly on your company. Another thing to remember is that your products will have to be very securely packaged for shipping purposes because if they are damaged in transit you will be held responsible. Online examples & resources:
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Small Business Start-Up Idea - Online FloristBy Stefan Töpfer on Apr 18, 2008Purchasing flowers online has grown increasingly in popularity in recent years as people have found themselves with less leisure time. The convenience of being able to quickly send flowers to someone means it is now commonly being used as a networking tool. If you are able to provide a service which is reliable and easy to use then it is possible that you could break into the market. You have two options when starting this type of business. The first, and probably easiest, way is to form a partnership with a large flower supplier. You will take the order, forward it to the supplier and collect a small commission. The other way involves more work on your part and will require you to take the order to an offline flower shop, sometimes even delivering the flowers yourself if the customer needs them urgently. In order to be successful you will probably have to develop a combination of them both. Skills needed: There is no specialist skill needed – you could even use OnlineOffice to set up your shop. You must be familiar with order fulfilment if you are taking a hands-on approach. Business environment and set-up cost: If you are affiliated with a supplier then it is quite possible for you to trade internationally using their delivery network. The set-up cost for this business could possibly be very low, depending on how involved you want to be. You will need the standard computer equipment (if you don’t have it) and an outstanding website. If you want to process orders yourself then costs could be much higher when inventory and equipment is factored in. Expect the start-up cost to be between £2000 and £10,000, plus you will need to set aside £2000 to £5000 for marketing purposes. Marketing Techniques:
Complimentary business ideas: You could offer small gifts or gift baskets to go along with the flowers. If you opt for the hands-on approach, you could charge extra for flower arranging and do it yourself. Notes: It is very important for you to become an affiliate of a quality supplier in case you are unable to complete orders yourself for whatever reason. Online examples & resources:
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