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Stefan Töpfer
CEO & Chairman of WinWeb Email Me - or join me on: twitter | LinkedIn | facebook |
| "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 - Online TuitionBy Stefan Töpfer on Jun 05, 2008Online tuition allows a person to learn skills or knowledge at a time and place that is suitable for them. They can still benefit from all the positive aspects of personalised one-on-one tuition through instant messaging, voice chat (VoIP) or even online video conferencing. You could also critique their projects or assignments via e-mail. This business would be ideal for a retired teacher looking to earn some extra income. Skills needed: You must have tutoring experience in a specialised subject and good communication skills. Basic web publishing skills would be useful so that you can keep your website updated. Business environment and set-up cost: The international potential for this start-up varies depending on the value of your skills in other countries. There is also a language barrier that will prevent you from tutoring to a high standard in many countries. If you already have your own computer, printer, scanner and fax machine then your only other cost will be developing and hosting your website. The overall start-up cost will range from £1,000 to £2,500 (1,500 - 3,000 EUR, 2,500-5,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could sell appropriate advertising space on your website if you generate high traffic levels, or you could become a re-seller of educational products and software. Notes: There is a lot of competition in this sector, but there are fewer specialised tutors around. It may be useful if you can provide tuition in a niche subject. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Online Cartoonist / HumouristBy Stefan Töpfer on Jun 03, 2008If you have a talent for comedy then there is potentially a market for you on the Web. Although it can be difficult to translate a skill like this into money, there are opportunities available. If you can build up enough of a following through a mailing list or website then there is the possibility of attracting sponsorship deals. You can also earn freelance money on the side by providing custom work for clients. Skills needed: You need to have a talent for creating cartoons or joke writing. Business environment and set-up cost: Your work has international potential but probably only in countries with a similar culture to your own, because humour is a very subjective thing and what is funny to one group of people may be offensive to another. Start-up costs for this business will likely be low because you will presumably already own the equipment you need if you are seriously considering this as a career. However, you will need to spend money on developing a website and on a marketing campaign to generate traffic. The overall start-up cost will range from £1,500 to £3,000 (2,000- 4,000 EUR, 3,000-6,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: Once you develop a loyal following then there is the potential for a large range of tie-in merchandise. Notes: Make sure your work does not infringe copyright. Also, if you are licensing your artwork out to clients then it is important to have clear contracts in place which dictate the terms of the agreement and usage rights. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Ad NetworkBy Stefan Töpfer on May 29, 2008An ad network is an effective method of effectively delivering online advertising to a target market. Your responsibility as manager of the network would be to sell adverts and find appropriate high-traffic websites on which to place adverts for your clients. This is not unlike traditional ad agencies in that your priority is to identify target demographics for the client and your revenue comes from a percentage of the overall marketing budget you are managing. Skills needed: You will need to know how the online advertising business operates. If you have graphic design skills then you will be able to create your own banner advertisements for clients – this will eliminate the cost of outsourcing this service. Business environment and set-up cost: Due to the nature of online advertising, there are no real barriers to you working for overseas clients. You will need all the standard computer hardware and will need to get your website developed and hosted. The main expense will be the software required to run the network, as it needs to be powerful enough to serve the correct adverts to website visitors and provide your clients with reports on the traffic and trends it records. The overall start-up cost will range from £1,500 to £5,000 (2,000- 6,000 EUR, 3,000-10,000 AUD/USD), however the sky is the limit as far as advertising software is concerned and therefore the most sophisticated and highly targeted software can cost up to £50,000 (65,000 EUR or 100,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: If you have graphic design skills then you can offer additional advert design services Notes: Make sure that the software you purchase is the right one for your level of business – this will require some research on your part as to how sophisticated it will need to be. Be readily available for your clients via phone or e-mail and be prepared to offer them last-minute volume discounts to get rid of excess capacity ad space. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Collector StoreBy Stefan Töpfer on May 27, 2008Many people enjoy collecting things, especially rare music or books. The life of a collector has become far easier since the Internet age began. If you have a passion for collecting something then you can set up a website devoted to it. You will earn money from offering an auction-style trade system that will charge a listing fee and commission. Skills needed: All you will need is an in-depth knowledge about the memorabilia you are focusing on. This includes how much they are worth and where to find them. Business environment and set-up cost: You are likely to get a lot of overseas custom because often items are highly desirable for foreign collectors due to the added difficulty of obtaining them in their country. The start-up cost will vary for this business depending on how much of the computer equipment you already have. You may wish to pay to have someone develop and host your website for you. In addition, you may decide to purchase an inventory of items to sell yourself. A digital camera would be useful to take pictures of these items. 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: Think of additional services related to the memorabilia you will be selling e.g. toy collectors may want some items restored, so either provide this service or partner with someone who can. Notes: Ensure that your auction service is both efficient and secure or else customers will go elsewhere in future. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - Translation ServiceBy Stefan Töpfer on May 22, 2008For someone who is fluent in more than one language, starting an online translation service is a good business idea. There are numerous automatic translation engines online but they can be inaccurate and extremely literal, making them fairly useless for a company wishing to write copy in another language. Personal translation services are therefore in high demand amongst companies wishing to expand to other countries. Skills needed: You need to be highly fluent in the languages involved in the translation, both orally and in writing. It will be helpful if you are familiar with writing professional copy and have basic web publishing skills to keep your website updated. Business environment and set-up cost: You will have high international potential in countries that speak your languages. If you already own basic computer hardware and software then you will not have high start-up costs. You will need to pay someone to professionally design and host your website. The overall start-up cost will range from £1,500 to £2,500 (2,000- 3,000 EUR, 3,000-5,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: You could partner with companies selling translation software to earn commission. Notes: If sensitive material is to be translated, privacy of the information may concern the company. It is important for you to provide secure transfer of the finished product, whether it is a hard copy (via registered mail) or digital (using encryption). Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small Business Start-Up Idea - C.V. Writing ServiceBy Stefan Töpfer on May 20, 2008The competitive job market makes it important for applicants to have a résumé that stands out from the pile. Many people have trouble writing a successful CV or cover letter, so if you have excellent writing skills and know how to effectively create a résumé then this business may be for you. You will operate through your website and have a number of options (e-mail, fax or phone) about the way you collate personal data (such work experience and qualifications) from your client. Another option would be to develop a questionnaire page on your website which would allow the client to enter all the details you will need. This would save time and cut down on the level of involvement you would need to have in the process. Skills needed: The only essential skills for this business are knowledge of CV writing and the ability to write well. Business environment and set-up cost: Other than language, there are no major barriers to this business being successful internationally. You can easily attract clients from all over the world if you are good enough. However, do first make sure that the conventions of writing a résumé are not different in the other country. If you already own all the necessary computer equipment, scanner and printer then your only start-up cost will be the design and hosting of your website. It may also be wise to invest in very high quality paper. The overall start-up cost will range from £1,500 to £2,500 (2,000- 3,000 EUR, 3,000-5,000 AUD/USD). Marketing Techniques:
Complimentary business ideas: Partnering with employment websites to allow them to advertise vacancies will generate an additional revenue stream. Notes: It seems obvious, but do not deliver the finished product until you receive payment. Take extra care with regards to packaging if you need to physically ship the product to them. Online examples & resources:
For previous SME start-up ideas, look through the archive here
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Small 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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