Make Your Fortune in a Paper Business
by Stephen Pope
Published on this site: January 30th, 2006 - See
more articles from this month
The problem with some business ideas is their cost. To manufacture
and market a product you have invented could cost you millions
of dollars. The investment in machinery, buildings, inventory
and other expenditures could bankrupt you before your first
sale ever occurred.
For this reason, many prefer to run a paper business. Paper
businesses do not require large investments of capital for
expensive equipment, inventory, and buildings. Many paper
businesses can be run from your own home.
A paper business is a business that can be operated mainly
using pieces of paper, such as contracts, invoices, shipping
documents, et cetera.
Here are some excellent paper businesses that you can
operate.
- Consulting
Consultants charge large fees for their knowledge, expertise,
skills, connections, experience, and other assets. This
business can be operated from home with little more than
standard office equipment and supplies.
Consulting is a paper business because your product is an
intangible service. Your results are often summarized in
a written, paper report and you use written contracts to
protect your interests.
- Finding
A professional finder finds something needed by a business
or individual for a finder`s fee. The finder doesn`t invest
in product inventory because he`s not selling it. He simply
collects a fee for arranging to introduce a buyer to a seller.
The finder conducts his business using contracts and other
written documentation.
- Drop Shipping
Another business (or method of business) where you don`t
invest in product inventory or retail space is drop shipping.
When your customer buys from you, perhaps through the mail,
by phone, or on the internet, you simply contact your supplier,
who then ships it to your customer. Your paper business
involves taking the order, billing and collecting from your
customer as well as ordering, giving shipping instructions,
and paying your supplier.
- Affiliate Programs
With affiliate and associate programs, you collect commissions
from the sale of other peoples` products. Again, you have
no investment in product inventory or expensive facilities.
- Webmastering
Another knowledge-based paper business is webmastering.
Whether you design websites, perform internet marketing,
or render other needed services, your business is again
mainly intangible services backed up by paper records and
contracts.
- International Trade
Many times import and export transactions can be conducted
on a commission basis. It is also possible to buy, sell
and ship merchandise without ever having even seen it. Letters
of credit, bills of lading, and other agreements are needed
in this paper business.
- Licensing
Instead of trying to finance the manufacturing and marketing
of your invention, why not license it to a company with
the expertise and capability required? You will then receive
royalties in return for your idea.
As well, you could become a licensing agent, arranging licensing
deals on behalf of other companies and individuals, taking
a percentage of sales as compensation.
There are many other paper businesses that you could consider
including mortgage brokering, commission sales, equipment
leasing, real estate, and franchising. This is by no means
an exhaustive list. With some thoughtful consideration, you,
too, could make your fortune from a paper business.
J. Stephen Pope, President of Pope Consulting Inc.,
has been helping clients to earn maximum business profits
for over twenty-five years. For more profitable Work at Home
Small Business Ideas, visit http://www.yenommarketinginc.com/
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