These top 10 home business ideas that let you work from home, can definitely kill the boredom Factor. Whether or not you are a stay-at-home mum, or maybe you are in between jobs. These home business ideas might surprise you.
There are many profitable home business ideas out there. If you’re willing to get educated you can start with this top-10 list of home business ideas.Some of these ideas can be done in the current Lockdown period in USA,UK and other countries!
The traditional businesses that you might think of, no longer apply in these modern times. As long as you have a laptop smartphone and internet connection, you can work from anywhere in the world.
A great thing about having a home based business, is the fact that you can take advantage of small business trends.
These most successful home based businesses available today, don’t require you to rent commercial property, commute to work or manage employees.
In fact if you do need any tasks doing, you can just use freelancing websites like upwork and fiverr.
Some of these ideas might require you to repurpose your garage or rooms in your house.
The Pros and Cons Of Starting A Home Based Business
So what are the benefits of a home based business?
What are the advantages and disadvantages of starting your own business and working from home?
What business can be started from home?
These are all questions that are quite common when you are interested or curious about starting a home business.
A home-based business is usually a full-time or part-time side Hustle. Let’s now look at the pros and cons of starting a home based business.
Home based Business Pros:
- It has a low cost of investment to start up a home based business, you can also get tax deductions that you can claim.
- You can be based locally or cover the entire planet, this can be selling products or services.
- Home based businesses will give you a lot more time to be at home with your family.
- Gain financial freedom.
- You can also start a family business from home and get your partner and children involved.
Home Based Business Cons:
- You might need to do a massive clear out of junk, so you can clear space for storage or home office.
- You might need to comply with laws and regulations, and get licences and special insurance policies. e.g Food production or health and safety standards.
- Your business might become a massive success, and you may need to expand to external premises.
- You might need to deal with awkward customers,timewasters or complaints.
- You might miss working with other people, especially if you love having dinner or a few drinks after work.
10 home business ideas you can start today
There are literally hundreds of home based businesses that you can start from home. You just need to find the right one for you. Below the most profitable online business ideas you can do from home.
1:Home Business Ideas – Affiliate Marketing
One of the most profitable home business ideas is affiliate marketing. There are many people around the world that work from home.They can make 6 and 7 figure incomes from affiliate marketing home business.
Affiliate marketing performance based marketing, is content driven. The basics of this business model are, you create a blog or YouTube channel and review products and services.
Then you funnel those customers into a landing page, where you collect the email address,so you can send affiliate offers.
Affiliate offers can be found on affiliate networks and programs,when someone click on your link and buys,you get a commission.Affiliate marketing is also known as attraction based marketing.
When doing attraction based affiliate marketing, you are giving valuable content to your audience, and then converting them audience members into leads.
You can do free traffic methods like YouTube and blog posts, but the scale your business you will need to do paid traffic.
Paid traffic methods are the following;
- Solo ads – Trafficforme/Udimi will send email traffic to your landing page.
- Facebook Ads – Targetted traffic
- Youtube/Google ads – Targetted traffic
If you are interested in learning affiliate marketing, there are some good companies that specialise in online training for this business home model.
Retail arbitrage is a business based around grabbing reduce stock from shops, usually in bargain buckets or clearance sections.
You can use the eBay or Amazon app app to scan barcodes. Once you scan the barcode you can see the recommended retail price.
If you can grab an item that is 50% off, you can make good money on high ticket items. Sometimes you can get 70% off off-colour more.
You just simply take that items home and list them on Amazon or eBay. You can also use some free sites like shpock, Craigslist and Gumtree.
Dropshipping is a home home based business idea that can be very profitable. I have a friend who has a successful home business.
He finds suppliers on https://alibaba.com , and contacts them. My friend John does a private label product, he gets his logo design put on the product.
Everytime John makes a sale, he takes the cost of the item and gives it to the supplier.
He then keeps the profit for himself. John then decided to buy bulk products from the Chinese supplier on Alibaba.com.
4:Teach Online Courses
There are many websites like udemy.com and skillshare, that you can sign up for and create your own online lessons and courses.
All you need is a camera,laptop with screen capture software or a smartphone.
You don’t need to market your online course, because your course will be available in the search categories of their websites.
Leveraging your existing skills can be one of the most profitable home business ideas.
Teaching online is certainly one of the most successful home based businesses available today.
5: Home Business Ideas – ecommerce Shop
Like I was just saying about dropshipping, my friend moved into ecommerce.He bought 500 units of his private label product from his alibaba.com supplier in China.
John paid £2 each and sold them on his woocommerce shop for £18 each.
My friend John made £45,000 profit in 6 months.You can also sell your woocommerce or Shopify store on special business flipper wensites.
There are plenty of websites like exchangemarketplace.com where you can sell these online stores.
You get your online shop valued and some shops
Pet grooming is an amazing phenomenon in small business trends in recent years. This is one of the most popular successful home business.
Most dogs need to be groomed every 6 to 10 weeks. The going price for a cut in the UK ok is between £40 to £60. In the USA dog cuts can reach $100 or more, especially in affluent areas like New York City.
The great thing about this business profitable business idea, is that you don’t need any formal qualification to do it.
Pet grooming has low startup costs, you just need the right tools and and advertising costs. For a couple of thousand dollars or pounds, you can start.
The pet sitting business is the ideal home business for a lot of people, especially stay at home Mum’s and retired folk.
Rates in the UK start from £10 per hour to £20 per hour, per pet!
This is all so similar rate in the USA. There are plenty of websites that you can join to get customers, uk.dogbuddy.com is an example.Just do a Google search.
Pet sitting also ties into house sitting,so you might be able to stop in some nice houses and locations.If you decide to travel.
8:Homemade Craft Gift Products
The craft and creative arts Industries are worth billions around the world.Lots of craft items can be posted very cheaply, and most can be made at home without any specialist equipment.
Crafts can range from Woodworking to cards and candles,there are so many to choose from.
If you don’t know how to make anything significant, you can learn on udemy.com.You could even expand in your field, by creating a blog and YouTube channel. This can be used to build your email list up with potential customers for your products.
9:Skill Based Service – Home Business Ideas
If you are a skilled tradesperson, it is very easy for you to take those skills and go online.You can work as a mobile service like a builder, plumber or any other construction type work.
I worked from a Facebook page myself, doing a man and van removals house clearance service.Setting up a Facebook page is so easy and it’s free traffic.
You can also be totally online if you are are doing services like accountancy, Consultancy or any kind of skilled trade similar.
There are plenty of tools that you can use like zoom, Skype and WhatsApp, for making free local and international calls to customers.
So using your skills to set up home business idea with low startup costs, can become a reality very quickly.
10:Homemade Food Products
If you have a keen interest in cooking and creating recipes, making home food products might be the business for you.
The amount of farmers markets that I have been to, over the years. I’ve seen plenty of husband and wife/people selling their homemade food and drinks.
Some of the biggest names in food started home business ideas.Try this article on Big Companies that started with little of no money.
Depending on where you are,you will need to register with your local authorities.The rules around food production are very strict,but don’t let this put you off.There is something special about hand crafted food and drink,it makes most people feel good supporting independent producers.
Profitable Home Business Ideas
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Thanks for reading my article on the Top 10 home business ideas that let you work from home.