Ironing Business

Projected Profit: $1000 a month

This is an idea for a mom who wants to make extra money to support her family.

An ironing business would be a great idea, simply because people don't like ironing shirts. You need an ironing board, a sprayer, and some starch for an optional embellishment.

You would advertise your ironing business online, at local supermarkets, to your friends, at local colleges, and posting up papers on telephone poles. Leave your name and phone number, as well as your address so people can call you and drop off their clothes.

You can charge a certain amount per ironing, such as $0.50 per shirt or per pants. At that price, people would drop off loads of their clothes, and you would have them out and ready for them by the end of the day, or the next business day.

Let's say that you iron 50 pants and 50 shirts at $0.50 each. After doing this day after day, you would get better and faster at it, and it would take less time. If you did this 20 days a month, you would make $1000 per month just working part time hours for your ironing business.

Dodgeball Tournament

Projected Profit: $10,000 per tournament

This is for the entrepreneur looking for a small investment, and a large payout.

There's a lot of money to be made in sports tournaments. This area gives great ways to make a lot of money. One of those ways is hosting a tournament, namely a dodgeball tournament.

Things You Need

• Trophy
• Shirts for the winning teams
• Location to play
• Advertising contacts
• Dodgeball equipment
• $1000

Use the $1000 to buy the trophy, winning team's shirts, and equipment. Any extra can be used in advertising. The more advertising you do for this event, the more teams that will sign up. You can charge an entrance fee to the game, but keep the price low. As this is not a well known tournament, people won't come if the price is set too high.

Go around to local companies and see if they'll pay you for advertisements. Tell them you'll tie up a banner, announce their company, place their logo in a great spot, etc. You can also invite vendors to sell their product at these games. Charge a vendor $100-$400, depending on the expected number of visitors. ach team $300 dollars to sign up, and be sure to mention it's non-refundable. Also

Each team pays $300 to sign up, and be sure to mention it's non-refundable. You can expect 30-40 signups in a well-advertised tournament, so the payout would be around $10,000. You would have to pay for rental space, referees, and other costs but these will be easily covered by ticket sales, vendor sign-ups, and company advertisements. It won't make you rich, but you'll be wealthier!