Make Money - Consider A Viable Home Business - By: Jim Eastman

Many people find themselves in what might be called the "Time and Money Catch 22." Trapped in a dead-end job with no hope for advancement, they live from paycheck to paycheck making barely enough money to meet expenses. They long to break free and start a business of their own, because the hope of better money "somewhere down the road" is way better than no hope at all!

The "catch" is that starting a business would require more time than their job allows, and yet they can't quit their job because they're forced to depend on it to pay their bills. There's just no getting around it! No new business is going to begin making money the very first day. There will always be a period of time when there's just no money coming in.

What's needed is a business that:

* One can start in his spare time and at his own pace

* Can be started with very little money

* Can make money in a reasonably short time

* Most importantly, can be operated part-time while the entrepreneur maintains his present job during the "start up" phase.

So the solution is to look for a home business that one can manage part-time until such time as there's enough money coming in to equal or exceed the income from the present job -- or at the very least, enough money to pay the bills!

If you find yourself in this situation, a good business for consideration would be the business of "Credit Repair." Now there are credit repair agencies that charge $795 to $2,000 or more for this service. Some attorneys even charge as much as $5,000. So clearly, you can make a lot of money doing credit repair.

But just because agencies and attorneys charge these high fees doesn't mean they're doing anything that requires a college degree or special expertise (although some states do require a license). In fact, credit repair is easy to learn, and with just a little study, anyone can become a credit repair "expert." Not only that, but there's a virtually limitless market for this service.

Here's a simple math problem: There are about 300 million Americans, and about 1 out of every 3 or 4 have some credit problems. Get the picture? That means you should have no trouble recruiting clients in a relatively short time, so your business won't take very long to become profitable.

It also means you can expand your business about as much as you like. And hard economic times is likely to result in greater demand for this service, not less. A good thing to know for those who may be concerned their business will no longer be viable because of a changing economy.

While a detailed discussion of the process is beyond the scope of this report, let's go through a condensed "run down" of how credit repair works.

1. You have your client go to http://www.annualcreditreport.com and get a copy of his credit reports from the 3 major credit bureaus. They are Experian, Equifax, and TransUnion.

2. Examine his report and identify negative items.

3. Write to the 3 bureaus and dispute several of those items. By law they must investigate and reply within 30 days.

4. When the updated credit reports come back, repeat the process and dispute additional items.

This explanation is a somewhat simplified version of the process. To start making money in credit repair, you'll need to get a good book on the topic and do some study. You can easily find one online. You'll also need to research the law pertaining to credit repair companies. Just go to Google and type in "Credit Repair Organizations Act."

And while you're doing all this, don't forget ... you can learn at your own pace while you continue with your present job. And when you're ready to start recruiting clients, take on only as many as your spare time allows, until you're making enough money to quit your job.

When you've reached that point, the sky's the limit!

You can grow this business as much as you want to. You might be content making enough for a comfortable living while allowing yourself more leisure time than you previously had (before quitting your job). Or you might want to work full time and earn more.

Finally, if you're really ambitious, you might at some point have more clients than you can handle on your own, and have to hire outside help. While hiring employees presents its own set of problems, it enables you to grow your business beyond what you could working by yourself. And eventually, you could delegate all the "leg work" to others, and spend only as much time as you need to manage your employees.

But however far you grow your business, one thing is for sure. You'll never miss working for someone else while in a low paying, dead-end job!

About the Author

Jim Eastman is the support contact for CreditRepairBiz.com. Credit Repair is an easy-to-learn Business well suited to the Home Business Entrepreneur. Those interested in starting a credit repair business can visit http://www.CreditRepairBiz.com for a free eBook and email course.

Article Directory Source: http://www.articlerich.com/profile/Jim-Eastman/1876

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