Are you up for a home-based business? Many of us do, but the question is, how do you start? Here, I will provide you with some great home-based businesses to start today. The criteria to make this list were based on high ease of entry, relatively low cost, high future demand, and potentially high return. Individuals and couples must exercise great caution in pursuing home-based business opportunities simply because they show up here. You should first choose a business because you love it and you’re skilled in doing it.
1. Internet sales and marketing
Yes, indeed, there are dot-com failures around. But the Internet train keeps gathering steam. If you have a product to sell, this is very likely the way to sell it (or auction it). If you don’t have a product, you can sell someone else’s from the confines of your home. Opportunities such as e-stores, e-auctions, and site selling have moved this category into the number one position – that and more than a billion dollars in sales last year. Get a website built and you’re off and running. Or, if selling is not for you, then an alternative career would be to start your own digital marketing agency, which is apparently a profitable client-based service business that is getting more popular lately. Of course you need to be knowledgeable about this, but there are plenty of resources out there by which you can equip yourself easily.
2. Children’s products and programs
From toys and furniture to educational programs, this category sizzles with possibilities. The US birthrate is stagnating, but median family incomes are rising and so are parents’ efforts to do more while having less time for their children. With so many working parents, after-school and summer programs with substance are desperately needed. Children’s furniture, painted murals, and training and exercise programs are other items that will be in demand. Profit potential is moderate, but you will be doing something important.
3. Home Inspector
Home sales depend increasingly on the results of a professional inspection. The inspectors generally are independent contractors who are trained and certified; many also have past experience as homebuilders or in the construction trades. While that experience is helpful, it is not mandatory. But certification is necessary if you want to move beyond having your mother-in-law and best friend as clients. Not only do buyers need home inspectors, but real estate companies, home association management group, insurance firms, and banks do, too.
4. Informational Detective or Researcher
Have a bit of Sherlock Holmes in you? You can make good money by sleuthing for information that corporate executives and others need but don’t have time to search for themselves. Government regulations and intelligence regarding competitors are but two areas to pursue. Technology has made information-gathering easier but also has stockpiled the amount of information to plow through. Solve someone’s time problem by offering to locate and retrieve the information they need and you’ll have people knocking on your door!
5. Event Planner and Organizer
Life won’t become one big party, but it could become many little ones. Talented organizers for weddings, bar mitzvahs, morale events, and the like are in high demand if they are strong marketers as well. But it takes a creative bone, an entrepreneurial spirit, and an indifference to the traditional workweek.
6. Internet Web Developer
Get started by developing websites for your church, your child’s school PTSA, or your politician friend. But building sites for businesses is where the money is. Training is available through the Web (naturally) at low cost. Some do require you a scanner, additional disk storage, a faster internet connection, and other equipment, but some do offer just downloadable materials on their course which you can print out or save in your smartphones. You can also get some recommended books that has everything from building website to optimization, but if this part is too much for you then carefully seek for a legitimate internet marketing service provider that can do the job well. If this is a labor of love for you and you know how to market yourself, you will never be out of work. You can earn $50 and $100 an hour and hire out as a contractor businesses for large developments.
7. Home repairs and landscaping
Home equity enhancement. Cute name, but the real words here are painting, repairing, and landscaping. The more you can do to increase the value of a home in the real estate market, the more you can make. Selling yourself to real estate agents is a good first step. How can a PC help? New technology allows you to provide potential clients with a look at their home – with your improvements added.
8. Virtual Assistant
For many business people today, time is more precious than money. You help them, not by unplugging their clocks, but by doing their shopping, running errands, walking their dogs, chauffeuring children, and doing other tasks that effectively give them more personal time. The most ambitious here will also see ways to become virtual business assistants by providing services such as word processing, newsletter writing, even digital photography or web design. Serve your clients in as many ways as you know how.
9. Personal Coach
Corporate chieftains, entrepreneurs, and most everyone else could use an objective listener to identify and correct weaknesses. The key here is that you must possess the ability to help someone from skills and experience you have developed in your own life. You also must be a good listener and a good self-marketer.
10. Technical Support
Those who troubleshoot computer system problems at businesses big and small will never be out of work. But you can build a similar business out of your home, offering training and support (even security consulting) to small offices, home offices, and residential customers with computers. Prerequisites (besides a demonstrated knowledge) include a passion for technology, a customer service bent, hourly rates, and a flexible – but not too flexible – schedule.
Now that you have some ideas, are you ready to quit your job and work for yourself? Which home business sounds the most appealing to you?