Wait, Almost there...
We hope this list has been useful in providing you with potential business ideas. If you have come across other ideas that we can add to this list, please let us know by contacting us via the links at the top or bottom of this page.
The popular myth these days is that anybody with a smartphone can be a photographer. The truth, however, is that professional photography can be a cutthroat business, with demanding clients and fierce competition. But that doesn’t mean it’s not worth doing as a profession for those who have a passion for it.
If you’ve got a streak of contracting experience under your belt, you may want to consider starting a handyman service. Your assignments may vary dramatically, from installing a kitchen counter faucet to refinishing an outdoor deck. If a variety of projects sounds exciting to you, consider a future as a for-hire handyman!
Have a knack for staying organized? If you’re a jack of all trades, you should consider working as a virtual assistant as a side business idea. You can find great gigs on Elance, Indeed, or Upwork. It can be an awesome way to rub shoulders with some very important people, build up your professional network, develop in-demand new skills (like creating GIFs and VR videos), grow your side business idea and you’ll have the added perk of being able to start this as a home based business idea. Becoming a virtual assistant can be a particularly great side business idea if you’re hoping to travel the world while making money online as a digital nomad.
You may qualify for special tax deductions for running the business from your home, such as the home office deduction. Your home office doesn’t have to be an entire room. You can calculate the percentage of your home that qualifies by measuring your work space and dividing it by your home’s total square footage. The percentage is the amount of your annual rent, mortgage, homeowners’ insurance and utilities that you can deduct because the space is used for your business, but it must be dedicated solely to your business — your family can’t hang out there.
But if you get the green light to do it, starting a catering service is a relatively low-overhead way to create a new business. It’s a lot of work, but if you enjoy cooking, it could turn into a lucrative and fulfilling career. To get started with minimal investment, you could first cook in your customers’ homes and use their dishes. Also, a narrow specialization on a particular type of cuisine or event may help you attract clientele as you work develop a strong customer base.
One of our strongest selling books at my book publishing company was “Kiss, Bow or Shake Hands?” Traveling business people and others want to know how to fit in with foreign cultures. With a little bit a research or overseas exposure you could offer basic courses and consulting, and then you could provide more in-depth expertise as you build your knowledge overtime.
Many people dream of working from home, but making the leap from dream to reality can be a time-consuming process that requires both work and commitment. To start a home-based business in Maryland, you will have to fulfill certain legal requirements, including applying for a business tax account with the state and applying for a business license, if applicable, before your business officially opens. The good news is starting a home-based business in Maryland is a step-by-step, straightforward process.
These businesses have been around forever, and I have hired temp workers through them from time to time, typically for simple packing or assembly type work. Historically your success would be largely dependent upon how successful you were at making sales calls on companies that hire temporary help. But today you can also bring sales leads to you through online marketing.
Since landlords don’t have the time to constantly check in on their properties or maintain them, like mowing and cleaning the properties. A property management company will take care of these tasks for landlords who already have their hands full or who don’t live near the property.
If you understand design and have a passion for décor, a career in interior design could be a great path for you. While you may not technically need a formal education to be an interior designer, having a bachelor’s degree in interior design will definitely give you a huge leg up in the field. But if working for a design firm doesn’t feel right to you, try running your own interior design business from your home.
Still, the cost of licenses tends to be relatively low, and if you have space in your home to accommodate students, becoming a physical trainer or coach can be a low-overhead option for entrepreneurs who really understand fitness and nutrition. The key is to specialize—on a sport, a category of clientele or both—and to look the part.
Businesses are moving away from full-time in-house assistants and using online assistants instead. With this niche set to continue growing you could capitalise on it now by starting your own virtual assistant business.A virtual assistant is a job that you can do from home with little capital required.
I can barely “cook” a frozen dinner, but you may have the cooking skills that I lack! People will pay good money for a really awesome cake for special occasions. Get some great cake pictures up on your website, promote your skills to event planners and build your clientele!
Get a business tax account, a requirement for businesses in Maryland. You can apply for your account by filling out an online application or by completing the Combined Registration Application, which you can then mail to the Comptroller of Maryland, Revenue Administration Center, Annapolis, MD, 21411-0001.
Invest in your home based business. Before you get started, there are often investments you’ll have to make in your business infrastructure. This varies based on the type of business you’re running. For example, if you’re running a printing business from home, you’ll need to buy a professional printer and paper for it. If you’re running an online business, it may be wise to upgrade your computer and internet speed. The time spent waiting for pages to load can add up and hurt your productivity.
Yes, you can make a lot of money with a simple ice cream shop! Perfect your ice cream before you start, find a good busy location without a crazy rent and consider starting with a smaller footprint to minimize your overhead. I’ll have an ice cream sundae please—with everything on it!
Software: If you haven’t already, invest in the latest version of Microsoft Office. This is the most common business software on the market today, so chances are you’ll have no trouble reading or editing files and documents clients send to you and vice versa.
If you’ve got business expertise already, you can help other entrepreneurs launch and maintain their own businesses by offering your services as a business plan consultant and writer. Help your clients figure out their ideas, goals and finances for their businesses and put them all in one organized business roadmap. You can also help conduct market research for your clients, so they can determine how successful their businesses can really be, or if they need to make changes or go in another direction before wrapping up their business plans.
Even small businesses need all kinds of insurance and you can help them by getting them the coverage that will help save their business on a rainy day. To succeed in this business, you need to be outgoing and network well. But you also need to come across with a smart, consultative sell, not a hard-core pitch. It will take some time to build a corporate insurance brokerage, but this kind of business offers both high income potential and the possibility of someday selling it for a high multiple of earnings.
I just recently started my own in home personal training business. If you have the passion for fitness and helping people and also have a good set up in your home (separate training room) then I highly suggest it! It’s fun and why not make a little extra money?
Electronics Repair: If you have the expertise you can start your own repair business. Either limit it to small electronics only or offer general electronic repairs. To limit costs, ask clients to bring their small electronics to you. Make sure to have a plan for getting spare parts quickly to reduce your stock holding costs.
With this business, you could focus on providing PC training to employees at smaller to mid-sized companies that are too small to have their own IT departments. Or you could offer classes to individuals.
This is a beer lover’s dream and sounds perfect for someone who’s already brewing beer at home. However, opening a brewery isn’t easy. Consider connecting with some brewery owners for advice, tips and guidance to see if this is a path you really want to take.