Starting an internet research home business will entail performing online research for corporations, law firms and many other small businesses. If you have a good grasp on using the internet and have excellent research and customer service skills then this is an excellent home business choice for you.
The startup capital for a home business in internet research is relatively low particularly if you already have a computer, modem and printer in your home. Your work will involve searching the internet for relative information depending on the company that hires your services. You will be using websites, databases, online libraries, government archives and even talking over the telephone with experts to gather information.
Internet researchers are currently in very high demand. Sales staffs, professional recruiters and human resource departments for many companies use internet researchers to gather needed information from search engines and industry websites. Your computer, printer, any software that you need to purchase, internet service and other home business expenses will be tax deductible. Getting started in an internet research home business is relatively simple. You can set up a website offering your services and list any background information about you that may help clients to determine your skills such as library or other research experience or human resources experience. Be sure to have your website designed to appear professional. Once you have your website set up it is simply a matter of advertising your services.
You can choose to offer services on a specific industry such as human resources or legal aspects or you can offer a general internet research service that encompasses all areas of research. Determine before you launch your website if you will offer specialized services of research as a whole. Determining your rates will actually depend on your desire for annual income.
If you want to earn $50,000 annually with your business then determine how much you will need to charge per hour and how many hours you will plan to work each week. If you plan on working 40 hours per week, keep in mind that not all your working hours will be researching. You will also need to allow time for contacting clients and advertising your business. So, if you are planning to work 40 hours per week then you can assume that 30 hours will be spend actually performing research duties. At 30 hours per week, if you take off two weeks during the year for vacation time, you will need to earn $30 per hour. This figure however does not include paying for your overhead expenses. If you estimate a yearly cost of approximately $20,000 for expenses then you will need to charge an additional $20 per hour to cover your expenses. This takes your hourly rate up to $50 per hour.
You can also choose to simply charge per project but you will still need to allow for overhead expenses in order for your home business to produce a profit. You should also be sure to check with your local agencies for information about licensing requirements for a home business in your area.