Start Your Own Home-Based Typing Service
Every day , in every part of the country, there
are stories about how both men and women are successfully
marketing a typing service.
Most of these people have no great ability. Many of them
may have just wanted to do something with their hands, or
their leisure time, while others had enough imagination to
recognize they were developing a business that would become
a paying proposition.
You are probably asking if you can use your own talents,
large or small, to build up an impressive bank account but
still remain at home and care for your family? The answer,
or course, is a resounding "YES!"
People that have succeeded in building a typing service
at home know that it is a unique and stimulating experience.
And for those who manage to survive and prosper the first
precarious year have done so because they made sound plans
based on finding out what people need, and then supplied it
at a price they would pay.
THERE ARE GREAT ADVANTAGES
TO STARTING YOUR OWN BUSINESS
How much money you make in a business of your own can go
beyond your greatest expectations. Business histories have
proven that it is perfectly possible to launch a tiny business
in a kitchen, basement, or back yard, and eventually count
sales by the millions.
But there are other rewards that appeal to some people even
more. The advantages of building a business for yourself at
home can outweigh what the most glamorous outside job has
The first great advantage is that you can operate your typing
service enterprise on a shoestring from the smallest room
in your home. Or if you are more ambitious and have come up
with something the world seems to want and need, you can then
expand your product or services on a huge scale. Since your
initial overhead will be a minor factor, you will have plenty
of time to decide whether you want to pursue your line of
work on a part-time or full-time basis.
PERSONAL ASSETS YOU SHOULD DEVELOP
Personal factors that make one person a total success while
another is a complete failure, is often easy to analyze. You
will require most of the qualities listed below in practically
any home-based business:
* Interest in people andd the ability to speak and get along
* The ability to express yourself plainly, pleasantly, and
with sincere belief
in your service.
* Willingness to work long hours, especially in the first
* Enough knowledge of arthmetic to figure costs, selling
rates, and taxes.
* Dependability, even if there is a family crisis.
* An understanding of what customers' wants and needs are.
* An ability to analyze present and future trends in your
IMAGINATION AND COMMON SENSE
CAN FILL YOUR BANK ACCOUNT WITH CASH!
If you want to really attract customers from all walks of
business life, you must have imagination, and you must have
common sense. Neither is as abundant as you might imagine.
Imagination means writing inexpensive classified ads that
return tens of thousands of dollars in return. It means carving
out a niche in the marketplace, and creating a business identity
that is exclusively yours. It means looking ahead with total
confidence, and seeing yourself as the owner of a multi-million
Common sense is something altogether different. It means
realizing that nobody, except in their dreams, gets rich overnight.
It also means that if you have tested something out West and
it sold like wildfire, chances are it will move just as well
in the East, South, and North.
Common sense will also tell you that once you decide to
take the plunge, you will probably lie awake on some nights
and wonder if you have bought too many office supplies, or
if you will make enough profit to justify the new typewriters
and computer system that seemed so necessary just a few days
before. Common sense will also tell you that there are bound
to be some mistakes, and that customers can sometimes be fickle,
unpredictable, and demanding. In fact, there may be days when
you wish you were doing sonething else.
OPERATE BY BUSINESS RULES
THAT INSURE SUCCESS & SURVIVAL
Most people who start their own home-based business don't
fail because they didn't come up with great business ideas.
They fail because they just don't know how to execute and
market the product of service they have to offer.
There's really no excuse for this to happen. To begin with,
you should check to make certain your idea is sound. You shouldn't
launch a business or service without paying special attention
to at least one, or more likely several of the following laws
that have evolved through business experience:
IMPORTANT BUSINESS RULES TO REMEMBER:
* Make or do something different or better than the market
* Find a way to distribute the produce or provide the service
and at less cost.
* Produce somethhing timely to meet a want or need.
* Give People something they want that is either too difficult
expensive to get elsewhere.
* Package it more attractively, more reliably, or both.
* Sell and provide only quality items or services and avoid
workmanship at all costs.
* Always give good service even if it demands hard work
and long hours.
* Always do small-scale testing so you can make your mistakes
i n miniature.
* Use intelligence and tact when dealing with customers
or supply sources.
* Study your field until you have a basic understanding
of it; then try to
find new and better ways of doing it.
LACK OF MONEY IS A POOR EXCUSE FOR FAILURE!
The question you should ask yourself as you prepare to start
your business is not "How much money can I raise?"
but, "Can I survive discouragement, or do I only want
to be independent as long as there is something to lean on
when the going gets tough?"
If you are honest with yourself, you will know ahead of
time just how far you may go with your business plans. The
true test may come as you look at a bank statement and the
deposits are down.
If you come through your personal tests you will gain meaningful
strength from it. Without some discouraging hours to make
you stubbornly surge forward, competition can overwhelm you.
Your persistence will actually eliminate competition. Also,
when you have stared failure in the face and driven it away,
you can feel confident you will be able to conquer it over
and over again.
Lack of money is a poor argument for faillure to try to
succeed. There are always individuals or local lending institutions
who will risk a small amount on a person who has a reputation
for being industrious, provided you have a salable idea. After
all, many big businesses were founded on little more than
courage and fortitude.
But realistically, it may take more than courage, credit,
and perseverance to keep a new business afloat. The first
thing you will no doubt learn about financing, is that the
less you need capital and backing, the less trouble you will
have in getting it, and at a lower interest rate.
Many people in business think it's a good idea to be short
on capital; after all, then there is no alternative except
to make the most of what you have and to minimize your mistakes.
They also say that then you can afford to test a number of
your ideas with little risk; that it helps keep your mind
flexible and forces you to watch and see if an offer will
continue with its appeal after the novelty wears off. The
point here is that people's needs and desires change with
the times, and you can't continue to manufacture horse buggies
for transportation when people have turned to cars.
STAY FRIENDLY WITH BANKERS
Your banker can be your best friend, whether you take in
hundreds or thousands of dollars each week. By arranging an
appointment with him to explain your plans he can give you
helpful advice on how to raise capital yourself, or even provide
you with a loan if you are a good credit risk. You should,
of course, have intentions of opening a business checking
account with the bank (separate from any personal account
you may have). When the money starts flowing in continue to
keep your banker advised of your progress. Give your banker
regular profit & loss statements so you can build up business
credibility. Then chances are money will be readily available
when you need money for expansion. Banks lend money on character
assets as readily as on those that can be turned into cash.
SELECTING A NAME FOR YOUR BUSINESS
Deciding on a business name is one of the first decisions
you will have to make. Without a name you won't be able to
have letterheads, envelopes, business cards, invoices, brochures,
ads, or anything else printed up. You also won't be able to
open a business checking account.
Try to choose a name that is easy to remember and describes
what your business is. Using your name, or "Something-Associates,"
or "So & So Associates," won't give people even
the slightest idea of what you do. The mane you choose should
serve to promote your business.
REGISTERING YOUR BUSINESS NAME
You may be required to register your business name with
your local county clerk as--"Doing Business As"
(d/b/a), if the name you select is different from your legal
name. The filing form is simple and requires a modest filing
fee. Your d/b/a registration will usually be recognized for
ten years. After you register, your business name will appear
in your area newspaper and will also serve as an introduction
of your new business.
PRICING YOUR SERVICE
The best way to determine what your prices should be is
to check with the competition in your immediate area. If there
is no other typing service, contact a secretarial agency in
a metro area nearest you. And remember, what you want to find
out is what an agency charges, not what a secretary earns.
The most recent national averages indicate that typing services
range anywhere from $12.00 to $20.00 per hour, depending on
what part of the country you live in. Determine what the market
will support in your area, and set your prices accordingly.
And remenber, there's never a good reason to drastically underprice
your services. After all, if the quality is there you should
get paid for it.
SETTING UP TYPING GUIDELINES
Once the word is out, you can begin to receive typing assignments
from hospitals, lawyers, students, authors, and businesses
of every conceivable kind. You will receive requests to type
resumes, grant proposals, wedding programs, mailing lists,
corporate reports, sales letters, cover letters, announcements,
flyers, manuscripts, newsletters, ads, and much more.
There are literally thousands of typing job possibilities
that require the services of a professional agency. Increasingly,
companies are finding that it's far more cost effective to
utilize typing services to move the tons of paperwork that
must be processed. Executives are also discovering they can
operate more efficiently and cost effectively by reducing
or even eliminating secretaries and turning to typing services.
You don't have to be a speed-typist to get started in your
own business. What is important is that you are accurate and
dependable. That means no mistakes and following instructions.
It means following formats, and meeting deadlines. Providing
dependable service will be your best insurance for repeat
PRACTICE MAKES PERFECT -- PACE YOURSELF
Before you accept every job that comes your way, you should
have the knowledge and ability to do the job in a professional,
competent manner. Only take jobs you feel comfortable with.
If you feel comfortable doing resumes, then specialize in
resumes until you feel ready to do reports and sales letters.
Set a certain amount of time aside for improving your speed
and accuracy. Never stop adding new typing services as you
feel competent to perform them. Check with your local librarian
who will help you locate some of the many books available
in your business field.
If you want to gain secretarial/typing experience consider
working part-time for a professional secretarial service,
even while you are building up your own business. A part-time
job may be all you need to become familiar with current methods,
techniques, formats, and pricing structures. If you want to
get some on-the-job training experience, refer to your telephone
directory under "Secretarial," or "Typing Services."