Franchising is a great way to get residual income. You can purchase plans for a Wendy’s, Quizno’s, or Gold’s Gym, follow the plan, hire some people, and move on to the next franchise while earning residual income all the while.
That is, if you can afford the hefty $250,000+ franchise fee, (and yearly fees!) to get the business going.
For those of us who are normal, average, everyday folk, mini-franchising opportunities are available through Direct Sale companies. Not only are the start up costs reasonable, (Most average less than $500) you’ll receive support and guidance within an established system. You’ll be able to bring in others who are interested in working the business and as a result also earn income off of their sales as well. (Residual Income!) In time, you might just be able to live off of your residuals, and forego the working of your business.
Below you will find the different types of industries served within the Home Based Business realm. Decide your passion, and read through the company description and the rep’s interviews. We believe that not only should you believe in the company, but also trust in the people who will train you about the business. After all, you are putting your financial freedom in their hands. Make sure you do your research so you won’t fall for a bad business opportunity.
You can explore specific industries below, or check out the “opportunities” section of this site for information on specific companies.
Good luck!
credit: winnond
credit: winnond
Industry: Bath and Body
Why you should explore this industry:
These companies have created wonderful products, most of which are based in natural ingredients, to help nourish and protect our skin. If you know people who bathe, you’ll have an easy time finding customers.
credit: Terratas
credit: Terratas
Industry: Beauty and Cosmetics
Why you should explore this industry:
The Beauty industry is a multi-BILLION dollar a year industry. There is always need for facial skin care products, cosmetics, nail care, body care, sun protection and fragrances. Whether you’re in college, or nearing retirement, you know you’ve used these types of products, and now you can make money by selling the products you love!
credit: Sura Nualpradid
credit: Sura Nualpradid
Industry: Health and Wellness
Why you should explore this industry:
With the influx of toxins in the air we breathe and water we drink, it has become imperative that we take the necessary precautions to protect ourselves. These companies have nutritional products to help boost immunity, promote weight loss, and encourage overall health. We all know that the health-care industry in America is not good. There are hundreds of thousands of people who cannot afford their prescriptions, or basic health care needs like eye and dental care. There are companies that provide services which reduce the cost of everyday health care, so that we all can live a well-balanced life. With the “baby-boomer” generation retiring, and an influx of interest in healthy-living, this is definitely an industry with a growing customer base.
credit: Andy Newson
credit: Andy Newson
Industry: Business Products and Services
Why you should explore this industry:
There is an old story that the “gold rush” in American created many wealthy people…no not the ones who mined for gold, but the ones who had the foresight to sell the shovels and buckets. By becoming a part of the “business to business” industry, you’ll have nearly unlimited customers to buy your services.
Legal Services, Business products and all things needed to run a successful enterprise will help your clients (and probably yourself) get started in entrepreneurship!
credit: Arvind Balaraman
credit: Arvind Balaraman
Industry: Home Products
Why you should explore this industry:
From candles to storage containers to greeting cards, these products help people get organised and enhance the “welcoming” feeling of “home.”
credit: phanlop88
credit: phanlop88
Industry: Craft Products
Why you should explore this industry:
These products are ideal for those who like to preserve memories, and have delightful hobbies. From scrapbooking to stamping, and anything in-between, these companies provide great tools and resources.
credit: freedigitalphotos.net
credit: freedigitalphotos.net
Industry: Pet Products
Why you should explore this industry:
Many people have pets, some more than one! The Pet industry is great for repeat business, as animals always need food, treats, and bedding.
credit: Suat Eman
credit: Suat Eman
Industry: Jewelry
Why you should explore this industry:
Who doesn’t like to receive jewelry as a gift, or even to treat ourselves for some event? The jewelry industry is HUGE, and you can capitalize on it’s success by joining as a rep with one of these companies!
credit: Maggie Smith
credit: Maggie Smith
Industry: Clothing and Accessories
Why you should explore this industry:
Unless the aliens do come down from outer space and declare that we have to dress in those horrible silver suits, people will always need clothes. This is a great industry to get into, because styles are always changing, and people are always in need of something new, be it a purse or sweater.
credit: appleseye
credit: appleseye
Industry: Telecommunications
Why you should explore this industry:
The telecommunications industry is huge. Who doesn’t have a phone in this day and age? And now, its even more common for people to have cell phones too! We’re always looking for ways to save money on our phone bills, so why not get on the other side, and start making some money?
credit: chrisroll
credit: chrisroll
Industry: Kid-friendly Products
Why you should explore this industry:
People keep having kids. It’s just the way life goes. You can make very good income by selling educational products, toys, and children’s clothing. There is nearly an unlimited supply of customers for this industry!
Many companies work with schools for fundraising possibilities. There’s a lot you can do!
credit: Michelle Meiklejohn
credit: Michelle Meiklejohn
Industry: Food and Beverage Products
Why you should explore this industry:
Unless you’re Ghandi, you’re going to partake in sustenance every now and again. These companies capitalize on our need for nourishment with gourmet food, coffee, and treats. If you know people who eat, you’ll profit from this industry.
credit: markuso
credit: markuso
Industry: Faith-Based Products
Why you should explore this industry:
More people believe in a higher power than not, and there are companies out there who help spread the word of their faith through direct sales companies.
credit: Ideago
credit: Ideago
Industry: Adult Products
Why you should explore this industry:
Remember how I mentioned that people keep having kids? Well, this industry enhances the method in which kids come into the world. From lingerie to toys to other erotic goods, you’ll have a lot of fun selling these wares. If you know people who…y’know…you can make a pretty darn good living.