‘Extra Income’ Business Opportunities
There is a massive misconception amongst many that joining a franchise or business opportunity has to cost a fortune, therefore creating a huge barrier for many that simply doesn’t exist.
Of course, there are plenty of opportunities out there that do require a sizeable sum to join, such as many of your well known high street fast-food brands for example. As you would expect.
But what a lot of people aren’t aware of is the huge number of business opportunities out there that are designed to, at least initially, be operated in a part-time capacity to help generate you an additional income.
Typically these types of businesses require less than a thousands pounds to join (some only a few hundred pounds) but they can be operated in your own/spare time and fit around your other commitments. You will still receive many of the benefits found with a more substantial franchise, such as proven products/services, training and support.
But these opportunities aren’t pretending that you will earn a new full-time income in a short space of time, but more a ‘top-up’ income to subsidise your current salary. Most have capacity to be grown into a full-time venture further down the line, but initially you can run your own business at your own pace, in your own time.
Too Much Month Left At The End Of Each Pay Cheque?
Times are clearly tough for many out there with the rising cost of living and the fragile economy. We have seen record numbers of people using us to browse opportunities that wont necessarily replace their full-time job, but work alongside it to increase their earnings and cope with these rising costs.
It seems that everything is getting more expensive at the moment and so it’s no wonder that so many families are struggling to make ends meet. No doubt people are finding that there is just too much month left at the end of each pay cheque!
But aside from just earning you extra money each month, there are many additional benefits to these types of business opportunities that you may not be aware of.
Low Cost/Low Risk: With such a low investment needed for so many of our low cost business opportunities, this makes them much more accessible for people. And with this comes much less risk if the businesses turns out not to be right for you.
Flexibility: Most opportunities that we are talking about here are completely flexible, meaning you can work when you want, for as long as you want.
Obviously the more hours you put in, the greater the returns you will get back. But these types of businesses are designed to fit around you, your other work commitments or your busy family life.
You decide at what rate you grow your business.
Working From Home: Another obvious benefit that most people are aware of now is the ability to work from home.
Most training and support programmes are available on-line now, meaning no unnecessary or costly commutes.
This means you can spend more time conveniently learning and building your business without having to leave the house.
Passive/Residual Income: The kinds of business opportunities we are focusing on here don’t just earn you money for the work you put in. They are designed to create you an additional stream of income. A passive or residual income means that whilst your business operates in the background, you are earning money. Earning money whilst you sleep is a commonly heard phrase.
So not only are you earning extra, your earnings aren’t in direct correlation with the hours you put in. It can take time to build your business to achieve this but the results can be highly lucrative.
Potential To Grow: When starting with certain types of business opportunities, although it is the flexible/part-time nature that appeals to many, there is always scope to turn this into a full-time operation.
As your business grows and income increases, it isn’t unheard of for people to eventually earn an income that outweighs their full-time salary. Once you start seeing these types of results from your business, it’s a tempting option to then turn this into your full-time career. If you can earn a full-time wage working part-time, imagine what you could earn if all your attention was on this business!
Saleable/Transferable Asset: It may get to a point (perhaps retirement) when the time comes for you to give up your business. Having spent time and effort building this yourself, at this point you have a saleable asset. Alternatively you may wish to pass this across to a family member for example, where they will be walking into a ready made business that you have developed.
How To Know What To Look For?
Because there are so many different business opportunities out there, it can be quite daunting when first exploring the market. We have included links above to our work from home, flexible and super low cost opportunities.
There you can browse a range of different companies and opportunties to gain a real understanding of what they are all about and what’s on offer. They will explain about the companies products/ services, the nature of the business and the investment level needed to join, as well as what you get for this.
From here, you can submit a no obligation enquiry using our forms at the bottom of each page and the company will be in touch with you with all of the further information you need. But our listings should give you a great start in being able to browse the different options out there.
I have always said, exploring options to start your own business should be exciting and enjoyable, not laborious and stressful.
It is important to do your research to determine what type of business might be right for you, but don’t be nervous about reaching out to the companies you are interested in.
As well as finding the right fit for you, each business wants to find the right people for them, so it’s definitely a 2 way street. Otherwise it just doesn’t work for either party. So there is no hard sell, just a great opportunity to speak to the people behind these businesses and get a feel for if it might be something you want to explore further.
Make that first step today into the exciting world of supported self-employment.
If we can be of any help at all, always feel free to contact CBO directly with any queries or questions.
written by Ashley Skinner – CBO Founder