First of all, you’ll need the ability to multitask and pay attention to details. But with a minimal start-up cost of $500 for your advertising and Internet expenses, you could begin to pull in a profit with this business almost immediately. You will need to build a vast network of reputable child-care professionals, which you can easily accomplish by posting ?yers in public places (such as Laundromats and grocery stores) and combing the ads in your local newspaper to find babysitters who are offering their services. If you have a little bit of extra money to play with at the beginning, you should also invest in professional-looking stationery and business cards to convey the best possible image to your babysitters as well as to parents. You might need to charge each prospective caregiver an annual membership fee of $150 and use some of those funds to conduct online background checks.
What’s not to like about setting your own hours and having essentially complete control over a low-overhead business? While this business might not work well if you live in rural area, it could really provide some decent cash if you live in a city or suburbia.
Approx. cost of start-up:$500 to $3,500
Approx. potential earnings:$20,000 to $65,000
Typical fees: Free browsing through your Web site; membership fee of $150 per year for parents to use your search services and interview and/or book childcare providers through your Web site
Where to promote: Classified ads, display ads in local newspapers or regional parenting magazines
Qualifications: You may need to be bonded or licensed in your state
Things needed: Pager or cell phone, computer with database program, high-speed Internet access
Required staff:No
Hidden costs:None
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