Are you searching for a perfect home-based business to start? Most people love the idea of being able to be their own boss, work from the comfort of their home, and live the life to its fullest. You may not reach to financial independence as long as you continue working for others and live from one paycheck to the next.
The advantages of starting a home-based business are many. You can start small while keeping your job until your business grow and become successful. You don’t have to rent an office space or invest in expensive equipment or inventory. You don’t have to hire employee. What you cannot do, you can contract out.
The advance in technology allows you to do business anywhere in the world. You can even run your business while vacationing. All you need is a computer and an Internet connection if you choose the right business from start.
There is risk involved in any type of business. However, there is something that separates the real successful entrepreneur from failure. You fail if you never start, and you fail if you give up with the first storm.
A failure is someone who gives up completely when he or she fails at something. A winner takes failure as a learning experience and keeps on trying no matter what. Persistence and self-motivation is the key. We all learn from our mistakes and that’s what makes us better the next time we try.
Starting a new business require taking risks and sacrifices to invest time, energy, money, and flexibility. You must be able to think and act positive while being realistic at the same time.
In order to succeed in any business, you must be willing to spend time educating yourself, especially in the area of marketing and advertising. Most if not all successful entrepreneurs continuously try to learn about their business, the market, and they spend time to educate themselves about copywriting, marketing and advertising.
You can start small, test while you are learning, and hopefully you hit it big. Try to be positive and surround yourself with positive people. Plan your business carefully using every step correctly.
About 90% of entrepreneurs made their fortunes by owning their own businesses, and many started from the comfort of their homes.
There are great home-based businesses that many people don’t take advantage of early on their careers. The good thing about these business ideas is that you can start it anywhere in the comfort of your home with very low investment.
Here is the list of top 10 home-based business ideas available today which you can start part-time or full-time. Although it is a good idea to start part-time while holding on your present job until the business produces enough profits.
Self-publishing is famous for its fames and fortunes. All you need is a computer, word processing software such as Microsoft Word, and Internet connection to write a book and self-publish it online on sites like Amazon, Smashwords, and others. You can sell your books on your own website as an e-book or as a hard copy using publishing-on-demand.
Fiction books are much harder and rate of success are low compared to non-fiction and how-to books. If you’re an expert in something and willing to do research on the subject, you can easily become a self-published author.
2. Become an affiliate marketer
Affiliate marketing can be very rewarding. You can earn a commission by advertising and promoting products or services online for many available companies to choose from. You don’t have to deal with customers or ship any products; the company you choose will take care of charging and fulfillment of items that’s referred by you.
3. Sell at eBay or on your website
Online auctioning sites like eBay have a lot of traffic for people buying and selling items. You can start first with items in your home which are of no use to you and are in good condition.
You can sell old computers, cell phones, cameras, bicycles, clothes, handmade items, and anything else you can imagine. You can sell both new and used items. Make sure that you accurately photograph and describe the items you’re selling.
You can look for garage sales items to purchase and sell. There are also good sites to buy items at bargain prices such as Craigslist and then sell them at eBay. However, it’s a good idea to become specialist and gather enough knowledge about certain goods, rather than trying to sell everything to everybody. For example, if you are knowledgeable about electronic items, focus only on those items.
There are no upfront fees, but you will be billed per item you list and a percentage of sale prices for each item. You can even have a store at eBay to sell your items. You will be billed monthly for the store.
Once you see some success, you can expand your business and sell through your own website and social media.
4. Desktop Publishing
Desktop publishing can provide good income with minimum investment. You’ll need a computer, printer, scan machine, word processing program, desktop publishing program, and Internet connection.
Desktop publishing can be done for creating brochures, catalogs, calendars, books, posters, banners, greeting cards, newsletters, etc.
The demand for desktops publishers is huge in the market. You can promote your business online and offline. Virtual Assistant provides services to companies throughout the country over the Internet. The services include:
You first have to sign up with Virtual Assistant. You can also provide a profile of your skills and services on your own website. You can further promote yourself on social media, such as Facebook, LinkedIn, Google+, etc.
5. Offer Services or products
There are a lot of services you can offer. With the advance in technology it is easy and very affordable. WordPress.com offers both free websites and blogs. You can open an account, choose a template and create your promotional content. Here are some ideas:
The above are just some of the services you can offer. You can easily make a Facebook page for your business and link it to you website or blog to spread the word.
6. Freelance photography
If you enjoy photography, there are a lot of areas you can choose to turn your hobby into part-time or full-time business. You can offer your services of photography in many areas, such as portrait photography, model portfolio photography, wedding photography, etc. You can sell your photographs at stock image sites like iStockPhoto and may others.
7. Wedding Consultant
If you’re a good party planner, you can organize wedding party and earn good income as a part-time business. Your main role is to make budget of the marriage, arrange dinner, music, and decorations for the wedding ceremony.
The biggest advantage of this business is low investment and high returns. There’s high demand for professional wedding planners in the market, especially in large metropolitan areas. You can use a blog to spread the news to promote yourself in social media and offline in your local area.
8. Career counselor
If you’re knowledgeable about different career courses with their pros and cons, and about different career options, you can offer your service to many students in need of a good career counselor. You can promote yourself in college publications or online career counseling sites.
9. Private instructor
Most parent wants to give the best education to their children, but shortage of time and lack of education of parent themselves becomes the biggest obstacle in teaching their children. That’s why most parents seek help of the private instructor, especially in the areas of mathematics, science, and even music instruments.
You may have to go to their homes in the evening or on weekends. You can set an hourly rate, including your travel time. You can also teach online. Having a degree or diploma or a certificate for completing a course can definitely help in promoting yourself.
10. Fix people’s computers or cars
A computer or car technician will always have work and stay busy because both equipment keeps breaking down and require repairs. Most people don’t have any idea on how to fix their cars or computers.
You can set lower rates than shops to get businesses as long as you’re an expert. Just like any other business, you can promote yourself online and offline to spread the word.
By Paul Ziglar – 2019 – Update 2020
Copyright © 2019-2020 Allied Publishing
For additional articles written by Paul Ziglar, see alliedpublishing.com/home-based-business. John Wright is the author of How to Start and Operate Your Own Profitable Business At Home.