Four Lucrative Small Business Waiting Only for Your Business Funding

Apr 28, 2014
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Finding the right market and the right niche is the trick to converting an idea or concept for a small business into a successful, thriving company. The key to being an entrepreneur is finding the concepts that are guaranteed to translate into profit when executed properly with appropriate business funding. Here are four small business ideas that are easy to execute and will quickly generate large profits for you as owner.

Web Design and Marketing

It’s no secret that the commercial internet is exploding with growth. Businesses are turning to the internet at an increasing rate every month. What does every online business need? A website and effective marketing. Building a web development team and a marketing and advertising squad is relatively easy and requires minimal business funding. Plus, your team will excel in not only developing other companies’ online presences but also your own. You’re synergizing your own growth. There’s big money in small businesses that can drive traffic to the websites of large organizations.

Genealogy Research

Heard of the TV show “Who Do You Think You Are?” It’s a big hit and it also represents a major niche. Large, established, and rich families will pay a lot to track down their family records and collect them in one place. Building a team of adept researchers shouldn’t be hard as you won’t need a large team or an excess of workers. The work is interesting and the market isn’t as cut throat as other industries. Plus you won’t need a ton of initial business funding to get started. Genealogy research has a lot of potential for an active, engaged entrepreneur.

Catering Specialist

Not everyone likes to bake but everyone likes cake. Companies are always looking to cater corporate gigs, private engagements and parties, even weddings all represent the diverse and plentiful opportunities for a catering company. A talented chef will take you far. After that, all you need are some paid hands to do the menial cooking and to serve food. It won’t take a lot of business funding to get started. Buying ingredients in bulk is cheap, producing quality food is a service people will spend their entire catering budget on. There’s enormous profit potential in catering for any entrepreneur.

Corporate Video Production

This final small business idea is one of the most attractive out there. Your clients are big corporations and the creative talent you need comes from a single film maker—a group of professionals that are generally eager to find paying work. This is a field where there are many options for developing videos but far less quality than you might expect. Investing your business funding in quality equipment—cameras, editing software, audio—and finding a talented film maker and you will have big time corporations coming to you and returning to you for their promotional videos. There’s almost no ceiling to the potential of your video production company if you can produce high quality videos for corporations.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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