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BCopeland
06-27-2005, 04:41 AM
Hello!

I am seriously considering going into business in order to supplement my income. I am already employed, however I would like to have a second souce of income to fall back on. Even if it's a modest money maker, I'm satisfied with that.

I've been considering some option that I feel would be great passive income generators. I've been contemplating the following:

1 - Laundromat
2 - Car Wash
3 - Travel Agency (I already work as an operations manager for an aviation company)

I was curious to know some of your thoughts and suggestions. Can anyone offer some advice? Or, perhaps some tips and recent experiences?

I currently live in the DFW area, and realize that the cost of small business may be a bit cheaper here than other parts of the country. Has anyone recently opened a small business like those previously mentioned? I really would like something to supplement my income.

Thanks in advance for any advice!

B. Copeland

JonB
07-06-2005, 11:50 AM
BCopeland,
I don't know much about car washes buut I can tell you about Laundromats and Travel Agents.

Laundromats - Seems like a simple idea but they often involve more work and headaches than is apparent.

Travel Agency - My wife is a travel agent and does most of her office's back office stuff to include the books. Traditional travel agents are getting crushed by the internet. Airlines recently cut out their cut subsidy of travel agent ticket sales so unless you will sell strictly cruise and vacation packages or operate online against the big boys . . .


Carwashes may be a descent investment. Or what about tanning beds?

Jon

anewdander
03-08-2006, 05:21 PM
A quick bit of research shows that roughly 25% of the expenses of a car wash will be expected to be allocated toward the attendants working for you, and that they are the single biggest operating expense. So, it is clear that you are dealing with a situation where unskilled labor is crucial to your business and also a large business expense.
I suggest that special attention needs to be paid to trying to create more reasons to work for your car wash than just a wage that is comparable to McDonalds, or any other low skilled work in the area. A myriad of options are available and several revolve around atmosphere and market niche. An example could be hiring small groups of young people to dry cars in a welcoming atmosphere to develop relationships and retain employees because of the fun atmosphere (after all that's why we all stayed at our low paying high school jobs right?)
Having said that, location and great access is obviously key to the success of an often last minute decision sale such as a car wash. i hope thats useful and good luck in which ever business you choose.

Tigerhong
05-29-2014, 04:01 AM
Hello Dear, I am in Security and investigation business since long time and you need not to invest much but yes this is a business where your expertise works and you should have a team if you think you are interested in this king of field you can think about it.

prioritytoolhire
06-16-2014, 03:37 PM
Hello Friends,

I just joined the forum. I'm trying to start up a small online business.Leading supplier of engineering supplies cardiff, engineering supplies in swansea. This is all a bit new to me so I'm looking for some help getting off the ground and taking care of details you usually don't consider when you think about starting something like this. Hope I can get some help and help a few people in return as well.

Thanks,
Priority Industrial Supplies

cheapwebdesignchicago
06-25-2014, 09:53 AM
Good luck on your new endeavor!

If you haven't already, I would suggest doing a flowchart of your website. It will really help in not only laying out the website design and navigation (http://cheapwebdesignchicago.com/cheap-web-design-chicago-consultation/) but also in helping you think about things you might not have thought of before. Also, one thing I always ask is what is your corporate "tagline"? i.e. one sentence summary that embodies your corporate mission and culture. I know it seems like a collegiate exercise but forcing oneself to distill what their company is into one sentence brings a lot of focus in my experience.

ednawise
07-28-2014, 01:48 AM
Hello!

I am seriously considering going into business in order to supplement my income. I am already employed, however I would like to have a second souce of income to fall back on. Even if it's a modest money maker, I'm satisfied with that.

I've been considering some option that I feel would be great passive income generators. I've been contemplating the following:

1 - Laundromat
2 - Car Wash
3 - Travel Agency (I already work as an operations manager for an aviation company)

I was curious to know some of your thoughts and suggestions. Can anyone offer some advice? Or, perhaps some tips and recent experiences?

I currently live in the DFW area, and realize that the cost of small business may be a bit cheaper here than other parts of the country. Has anyone recently opened a small business like those previously mentioned? I really would like something to supplement my income.

Thanks in advance for any advice!

B. Copeland

Hello B. Copeland,

I will prefer car wash business. Its a small business and easy to start with and it will give you immediate result also. 8)

MahaKarthi
08-28-2015, 09:26 AM
Any business proposal has to go through a lot of approvals and sanctions. You have to know the pros and cons that will come along while doing the business as well. This varies from one business to another so it is best to consult with an expert before kick starting the right business.

campbelljof
10-16-2015, 06:34 AM
Good luck on your new endeavor!

trishahicks
11-16-2015, 08:29 PM
Hello D Copeland,

We are in your area! We live in Quinlan, just down the road from Rockwall on one side and Greenville on the other. We can relate to needing the "extra stream of income". Wouldn't you prefer something with minimal investment of finance? Just a thought, but have you considered direct sales or some call it network marketing? It's becoming a fast growing option for many who have become dissatisfied with their lack of job security and the threat of being laid off without benefits or retirement. More and more are seeing that college degrees do not necessarily equate to employment.

My husband is retired military and I am a freelance sign language interpreter. Those are jobs that we trade hours for dollars where our network marketing business gives of hours back in time freedom. Just curious....since you are looking anyway, if I sent you a couple of videos on the product and the business, would you watch them.

You can respond to this thread or our business email is admin@bobandtrishahicks.com

To YOUR legacy,
Trisha Hicks

Malik Suleman
12-28-2015, 12:31 PM
A agree with you but security tools costs more than anyone?

bristolgarage
12-06-2016, 03:34 PM
yes its a very good idea in starting a new business at small level

therealdeal
12-07-2016, 03:13 AM
I think out of those options... car wash is the best.

luffy268
12-19-2016, 10:02 PM
I think Travel Agency is quite good! You have already had experice about it :)

leapi3
01-11-2017, 06:58 AM
Hi,

We have ERP Software, So what market should i target for that.

smartkpis
01-13-2017, 08:21 PM
Hello!

First of all, I would like to say that it is such a great idea to have a 2nd income and a great move to create a business. All of your business ideas can be profitable, but because you already have good connections for aviation, I think it would be best if you start a Travel Agency business.

From my knowledge, a Travel Agency business is all about having connections, this means connections with flight companies, hotels and tour guide services. To ensure this, it is best to create an interactive proposal with good presentation and content. This will lead to goof partnerships in the future and this is especially true for a Travel Agency.

Best of luck!

Chad45
10-26-2018, 04:16 AM
You can try affiliate marketing to get a steady source of passive income. It is highly recommended small business as it can give you high returns with little or no investment.