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Good ideas, I like numbers 2, 3, and 6 personally. I think in addition to persistence and determination, creating a successful home-based business also takes courage. It can be a scary proposition to quit your day job to go it alone. I always admire people who make this move, and I think that in general they are all the more happy for it. There is not doubt, though, that you have to go for it 100% in order to make it happen!
Twenty-four hours after Zirtual’s announcement, I founded Leverage, a high-end outsourcing platform that can do any task or project (as long as it is legal). We set up the company in one day, took our first client on day two, and within the first full calendar year, our revenue exceeded $1 million.
A small business typically doesn’t hire a full-time HR person until it reaches about 50 people in size. Until it reaches that size a company might contract for an HR person one or two days a week through a human resources service. One of my friends with experience in HR built up a good business on this model. It helps if you are a good networker or are comfortable approaching small business owners to sell them your service.
This is a small business idea where you just need the skill to repair a household appliance. You may keep repairman mobile to provide services at different places. Good marketing skill can make this business successful.
Setting up an NGO strongly depends on the nature and character of the NGO. However, you must make sure you follow your passion; be it taking care of children, old people, environment, or solving social economic problem etc. All you need to do is to start with the little you have; starting with your immediate environment. Let all the corporate organizations and individual in your vicinity know what you are doing.
Cosmetics: Decide whether you want to join a direct sales organization, make cosmetic products yourself or find your own wholesale supplier. Register your business name and research what licenses and liability insurance you may require. Use product samples, catalogues, price lists and order forms at host parties.
I launched my first AdSense supported website a little over three years ago. Today it brings in as much as my full-time job. It didn’t happen overnight, and it didn’t happen without a lot of hard work (about four hours a day for three years), but it did happen.
Potential challenges: Insurance is a must with this business, given the risks of injury to yourself or employees, or the possibility of damaging appliances. You might also face competition from established appliance repair businesses.
The main advantage of the subscription business model is that it’s predictable – which is great for creating and sticking to a budget since you know how much you can expect to bring-in each month.Need ideas? Cratejoy has 100 different ideas ranging from categories like beauty, grooming, fashion, gaming, food, pets, and books. It’s how I started my invoice company that I own today.
Hey, great list! LaunchScore estimates the earnings potential of 800+ business types in 750 U.S. cities. Unlike most lists, LaunchScore provides a custom earnings estimate that takes into account the market conditions in each city.
Corrisa, thank you for adding your thoughts on Annie’s list. I wholeheartedly agree with your points to consider and would encourage anyone looking to join a network marketing-based business to do their due diligence before signing up. As I have found in my past ventures into home based businesses, the KEY to success is to treat your business as exactly that and not a hobby or trending fad.
This is good specialized business with a specific, clearly defined market to target. Until you have started to gain momentum you might want to find someone you can rent a horse trailer from on an as-needed basis. Then buy your own trailer after you start to build your customer base.
Once you’ve established yourself in any number of freelance verticals online, spending your time focusing just on doing inside sales (booking freelance contracts with high-value clients) and then subcontracting your work out to other freelancers can help significantly grow your client list, and revenue generating possibilities with this business idea.
Then you have the issue of theft. The summer I ran Bob’s Rent-A-Bike, I had seven bicycles stolen. One day, one of my rental agents (the owner of a small motel), called to say that although no bicycles were stolen that day, someone had walked off with the unlocked 20-foot-long, 30-pound chain that I gave him to lock up the bicycles at night!
Investment: A wedding-planning business can be operated out of your home, so expect low startup costs. You’ll likely need to create a website and spend some money on marketing. Some training may be required if you lack experience.
It used to be that if you had a product to sell, you also had to have a storefront and all the costs associated with it. These days, you can sell anything to anyone anywhere in the world. Whether you’re marketing the organic honey from your backyard apiary, or selling personalized linens that you embroider yourself, you can find a market for your products online.
Having previous SEO experience, a blogging or editing background, strong communication skills and experience using Google Analytics are desirable. If you have these skills but lack experience, taking online courses is an option. Examples of your successful work and references can help you gain new clients.
I’m not getting up on that high ladder anymore! That’s why I spend $200 to have a service clean my gutters twice a year. Considering that even one person can clean several houses a day, you can see that it’s very good money potential. Try really hard to geographically concentrate your gutter cleaning each day. This could be a great weekend business.
Get a post office box for your business. This is especially important if you have business cards or will be regularly corresponding through the mail. The simple fact of the matter is that PO boxes look more professional than using your home address.
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.
In the beginning, you’ll likely be doing everything yourself or shouldering the responsibilities with a co-founder. As your business grows, document all the daily, weekly and monthly procedures you follow–whether it’s setting up a Facebook ad campaign, scheduling a call or closing a sale–in a way that someone else can replicate.
If you don’t have a lot of experience, I think you still can succeed at consulting. But, until you develop deep expertise, I think you should focus on lower-priced packaged options, that is, for a certain fixed price you will offer a certain package of consulting.
A lot of writers are going to be instant Millionaires this year and even next. I checked my record and discovered that a lot of Nigeria Business men, CEOs, Politicians are going to be 40, 45, 50, 55, 60, 65, 70, 75, and 80 years. If you have a passion for writing, you can target their birthdays, fix a date for the lunching and you are good to go. Some of them have a lot of companies and friends that are ready to donate to the lunching of the book. So what are you waiting for to target a Nigerian Millionaire today and be an instant millionaire.
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The Internet, computer and communications technologies now offer home-based entrepreneurs the same tools for communications, accounting and marketing as are employed by multi-national competitors. Web-based businesses are especially appropriate for home-based operations.
Household Organizer: Are you a great organizer with creative ideas and good communication skills? You can either offer a service to organize customers’ houses, rooms or garages or do consulting work. You need to offer a professional service, so set up a portfolio of design ideas and checklists and questionnaires to get an idea of how the family use the space. Once established, you can expand into other related areas.
Marketing a business can also include building a brand, setting up a professional website, driving traffic to your site with search engine optimization, and using a promotional strategy, among other tactics.
Today every parent look for holistic development of their children & they are ready to pay for it. This gives birth to a very good business idea called as hobby class. You can start hobby class for dance, music, craft based on the skill you possess. This is one of the top business ideas for housewives.
A good offshoot to starting a house cleaning service is home and office organizing. It’s not as competitive and commoditized. A super cheap / beginner home organizer starts at $25/hr, but $35-$50/hr is pretty standard. Even higher if you have a specialty (hoarders, ADD/ADHD, etc), are certified, have YEARS of experience and/or are based in a large metro area. You do not have to be certified, however. Starting as a house cleaner will definitely give you an inroad (as there is more demand in terms of volume and helps with regular cash flow). That’s how I started and eventually phased the cleaning out. Offering pre-paid discounted packages (with a contract) and taking deposits from 1st time clients helps to keep problems away.
Ghostwriting pays pretty well, and if you’re talented at researching and creating great content within a certain subject domain, you can quickly build a roster of high-paying clientele with this business idea. Ghostwriters like Jeff Haden have created very lucrative careers for themselves by writing for business executives and CEO’s—and Jeff also started his ghostwriting career as a side business idea outside of his full-time job as a factory manager. Listen to his interview with me on The Side Hustle Project (podcast) right here.
If that isn’t enough, you can expand your services to include pet grooming as an extra side business idea. To do that, you’ll need to have relevant training, an operating license depending on your location, and pet grooming equipment. According to PayScale, pet groomers have an average salary range of $17,600 to $48,500. Not bad as a side business idea if you can find a way to get in most of your clients on the weekends.
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!
Companies large and small need to be posting regularly to social media or they will be left behind. Many companies outsource this work to social media specialists. This is a great business because you will receive ongoing work and a recurring revenue stream. And the work is easy enough that over time you can delegate the day to day posting work and build a social media agency empire!