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The home-based business trends report reveals that service businesses are hot for 2007, allowing aspiring entrepreneurs to start their businesses quickly and without the hassles associated with inventory management and control.
"One of the most exciting, and untapped opportunities on the internet is people turning their skills and services into small, web-based businesses," said Justin Kitch, founder and CEO of Homestead Technologies, provider of website building software, ecommerce solutions and online products and services for small businesses. "Service businesses traditionally have much lower start-up costs and are primarily very local in scope, so they're impervious to national competition and outsourcing. Of course, many of our customers successfully sell physical products, but most people don't realize that almost 80% of small businesses are service based. At Homestead, we strive to do for small service businesses what eBay has done for product businesses: allow them to create a thriving business from home by leveraging the power of the Internet — except that your garage won't be filled with boxes of inventory!"
"Much of the appeal of home-based businesses is that the modern workforce has very different ideas about what constitutes work/life balance," said Zahorsky. "Americans spend over 100 hours commuting to work annually, and that extended amount of time in their cars takes valuable time away from their families and the ability to pursue other activities that they would normally enjoy."
The report even came with a Top 10 list of hot home-based businesses, including E-Bay Aftermarket, Garage Organizers and Pet Sitting.
But one of the entries was Home-based Debt Collection with the notation, "Debt has become a way of life for many Americans. Operating a low overhead home-based collection service can serve the niche sections of this market."
Also included in the report was Specialized Outsourcing. "The small business market has limited resources and a focus on core competencies. Specialized outsourcing from home to small business will have a solid position market position for years to come," the report commented.
Source : www.collectionindustry.com
"One of the most exciting, and untapped opportunities on the internet is people turning their skills and services into small, web-based businesses," said Justin Kitch, founder and CEO of Homestead Technologies, provider of website building software, ecommerce solutions and online products and services for small businesses. "Service businesses traditionally have much lower start-up costs and are primarily very local in scope, so they're impervious to national competition and outsourcing. Of course, many of our customers successfully sell physical products, but most people don't realize that almost 80% of small businesses are service based. At Homestead, we strive to do for small service businesses what eBay has done for product businesses: allow them to create a thriving business from home by leveraging the power of the Internet — except that your garage won't be filled with boxes of inventory!"
"Much of the appeal of home-based businesses is that the modern workforce has very different ideas about what constitutes work/life balance," said Zahorsky. "Americans spend over 100 hours commuting to work annually, and that extended amount of time in their cars takes valuable time away from their families and the ability to pursue other activities that they would normally enjoy."
The report even came with a Top 10 list of hot home-based businesses, including E-Bay Aftermarket, Garage Organizers and Pet Sitting.
But one of the entries was Home-based Debt Collection with the notation, "Debt has become a way of life for many Americans. Operating a low overhead home-based collection service can serve the niche sections of this market."
Also included in the report was Specialized Outsourcing. "The small business market has limited resources and a focus on core competencies. Specialized outsourcing from home to small business will have a solid position market position for years to come," the report commented.
Source : www.collectionindustry.com
