If staying at home the whole day is not your style, you can choose to work on a home business that allows you to go out and interact with others. Here are ten ideas for highly-profitable go out of your house businesses that you can run from your home.
1. Seminar/Workshop Business
If you have established an expertise in a business area, you can earn money by providing seminars and lectures to other business people. These seminars can run from a day to as long as a week, and focus on providing techniques and methods that will help attendees increase their profits in their business. Topics often include advertising, e-commerce development, computer applications, time management, email marketing, etc.
The lecture circuit offers vast potential for earning money, and you can charge from as low as $40 per person to a high of $7,500 per participant or more. Assuming for example that you are charging $500 for a 4-day seminar on making money on the Internet that you may give once a month, you can earn $60,000 a year if you have 10 participants on average. For this business, you can earn anywhere from $25,000 to $500,000 depending on the number of seminars that you conduct each year. Your start-up costs can range from $500 to $5,000, depending on how close you are to the source of names of people who can benefit from your lecture. You can send direct mail to companies whom you think will need the information that you present. You will also need to spend on high quality brochures in order to impress potential clients.
Read the article How to Make Money from Seminars and Workshops
Recommended Books on the Seminar Business:
- How to Make it Big in the Seminar Business
- Start Your Own Seminar Production Business: Your Step-By-Step Guide to Success (StartUp Series)
2. Computer Consulting Business
A computer consultant’s job is to help companies and organizations realize the profit potential in computers, by helping solve information-management problems. Computer consulting usually serves two functions: to select the appropriate computer system, including which peripherals, systems, networks, servers and software to buy (normally a one-time project); or to integrate the computer into day-to-day management (could be a recurring assignment). Some of the key types of work a consultant does are as follows: business requirement analysis, preliminary system design, hardware acquisition and installation, documentation, system maintenance, periodic evaluation and audits, among others.
You need to have a strong computer background, particularly in your field of specialization (i.e. database management). To get you started in this business, you can buy classified ad space in business and technical publications. Writing papers at technical conferences or articles in a business journal are also effective in bringing your name in front of potential customer. Start-up costs for this business may range from $1,500 (consulting for existing clients) to a high of $10,000 (includes an office and advertising). While this is a competitive market, earning potential of this business can be substantial. Computer consulting rates range from $50 to $150 per hour, with $75 as the most typical hourly rate. Large firms pay higher rates. Annual revenues for this business may be around $50,000 to $250,000 per year, depending on your specialization (industries you serve; hardware and software you specialize), client size, length of project, among others.
For more information, read the article How to Start a Computer Repair Business
Recommended Books on Computer Consulting Business:
3. Business Brokerage Business
A business broker is one who matches buyers and sellers of small and medium-size businesses, ranging from used car dealerships to bakeries and beauty parlors. As a business broker, your objective is to save buyers and business owners’ money by helping them to avoid costly mistakes, market the appeal of the seller’s business, and maximize exposure to serious, qualified buyers–all with complete confidentiality.
According to the Department of Commerce, one out of four U.S. businesses change hands in every five years. Business transfers in 1999 generated $300 billion in revenues, including those not sold through business brokers. It is estimated that 25 to 50 percent of company sales are handled by brokers.
To be a business broker, you need to understand business laws, have strong financial and accounting background, and possess good negotiation skills. You can charge 10 to 12 percent commissions, or a minimum fee of $4,000 to $10,000 for smaller transactions. You can start will small-town transactions then move on to merger and acquisition deals: the bigger the deal, the higher your commissions.
For a similar business, read the article How to Become a Freelance Mortgage Broker
Recommended Books on Starting a Business Brokerage Business:
- How to Become the Best Business Broker in Town: Based on Lessons Learned Selling More Than Two Thousand Businesses
- The Art of Business Brokerage: How to List and Sell Businesses
4. Recycling Consulting Business
Recycling consulting involves helping public and private agencies, communities and non-governmental organizations set-up and implement or improve their recycling programs. Talking trash is big business: revenues for the remanufacturing industry are estimated to be at $53 billion. This industry will continue to experience expansion, given the rising concern for recycling and the shrinking available landfills. Recycling is still the most viable method to solve the problem of what to do with waste materials.
You do not need any special equipment to start this business. However, you need to have a thorough interest in and knowledge of recycling to excel in this business. Like any other consulting business, your knowledge will be your main selling point. You can parlay your specialized knowledge in devising and recycling programs for areas such as food waste, building materials, wood waste, and medical waste into a profitable career. Initial investments could include office equipment, industry publications, and cost of conference participation. Hourly fees can range between $40 and $150,000, and annual revenues of $50,000 are possible.
Recommended Books on Starting a Recycling Business:
5. Professional Organizing Business
If you are good at arranging and organizing things, this can be a business for you. As a professional organizer, your job is to organize the junk and clutter in your clients’ homes – from the kitchen, closet, garage, file cabinets to the attic — and teaching them how to keep their things tidy. Some even specialize in organizing messy and cluttered closets, and then grow to provide closet installations and sell closet accessories from hangers to shoe boxes. Others assist with many areas of organization including business, paper management, clutter control, chronic disorganization, behavior modification, space planning, filing, photographs, packing/moving, records management, home offices, corporate offices, etc.
This is a business that can be started part time on a shoestring budget. However, it needs to be remembered that this service can be a one-shot deal: if you organize their clutter very well, your clients will not need you back and you therefore have to be on a constant lookout for new clients. Your greatest expense will come from advertising and spreading the word about your business. Small advertisements in the local classified ads paper often work well for this kind of business, although some are able to get new clients by presenting slide shows or distributing brochures in social and civic clubs.
For this business, you can expect to earn annual revenues of $40,000 to $60,000 depending on the size of your market (greater income potential for metropolitan areas) and the kinds of clients you are getting. You can charge your clients $40 to $50 an hour depending on the size of the task and going rates in your area. You can also charge a flat fee or per-diem fee for some routine tasks.
Read the articles
- How to Market a Professional Organizer Business
- Starting an Organizing Business: Getting that First Customer
Recommended Books on Starting a Professional Organizing Business:
- How to Start a Professional Organizer Plus Business Plan
- A Manual For Professional Organizers
- Get Rich Organizing: The Professional Organizer Survival Guide To Launch, Manage, and Grow a Profitable Business
- FabJob Guide to Become a Professional Organizer (FabJob Guides)
6. Personal Assisting Business
A personal assistant’s job involves performing routine errands for clients, such as picking up dry cleaning, buying the dinosaur cake for the little tyke, and so on. With the rise of two-income families, working people nowadays seldom have the time to do life’s little chores. If you do not mind performing these little tasks and enjoy doing something different each day, this is a business with excellent growth potential.
Creativity and flexibility are the key qualities to establish a successful personal assistant business. You need to have strong affinity with people and a lot of imagination to make ordinary mundane things seem so special, even magically obtain tickets to a sold-out concert that your client craves. Think of yourself as a personal concierge. The most important component of this business is finding your target audience, which often consists of busy executives and working people. To reach this market, you can place ads in your local newspapers, write an article about this service, and send press releases to generate publicity for your business. You can also choose to personally visit a lot of businesses and drop off your brochure.
Start-up costs can range from $500 to $2,500, depending on the equipment you already have. You will need a computer, fax machine, Internet access, pagers and cell phones. Another possible start-up expense includes the cost of bonding and insurance to protect you in the event of accident, theft or mishap. You can expect to earn gross revenues of $50,000 to $75,000 and up, depending on the services you provide and the clients you target. You can charge clients with a variety of membership fees based on the nature of service and number of requests per month. You can charge for family or individual membership, a corporate membership for companies to give their employees, and a one-time service fee. Remember though, that whatever you purchase for your clients are billed to them.
Read the article How to Become a Celebrity Assistant
Recommended Books on Starting a Personal Assisting Business:
- Be the Ultimate Assistant: A celebrity assistant’s secrets to working with any high-powered employer
- The Essential Handbook For Personal Assistants: Tools For Becoming Or Hiring The Ultimate Personal Assistant
- Caregivers and Personal Assistants: How to Find, Hire and Manage the People Who Help You (Or Your Loved One!)
7. Junk Removal and Debris Hauling Service Business
There is money in trash — if you do not mind putting in physical labor and dealing with dirt. For this business, you can have two major markets: folks who need help cleaning and hauling trash out of their homes, and those who are moving out of their homes or apartments. Many people would rather not spend their weekends cleaning their garages, attics or garden shed, and disposing all those trash.
You could also remove trash and debris from apartments and homes after people move out. Many people leave furniture, clothing, books, appliances like television, and other personal items. Aside from the removal fee, a significant portion of your income will come from selling or recycling these treasures among the trash. You can sell reusable items at flea markets, backyard sales, or used furniture store.
Start-up cost for this business is minimal, assuming you have some sort of transportation although a pick-up truck at the minimum is required. You can start with as small as $500 to pay for ads in local newspapers and bulletin boards in stores, mailings to real estate agents and classified ads over the Internet. Your earning potential for this business can range from $25,000 to $100,000+ per year, depending on apartment rental and home sales activity in your area. You can expect to earn more in urban areas, compared to sparsely populated rural areas.
Read the article How to Make Money from Junk
Recommended Books on Junk Removal and Debris Hauling Business
- Progressive Business Plan for a Junk Removal Service: A Fill-in-the-Blank Template for a Junk Removal Company
8. Personal Coaching Business
Personal coaching has come into vogue in the last five years, and it continues to be enormously popular. The job of a personal coach involves offering one-on-one assistance, advice, encouragement, and other forms of support to individuals. Your work is to help your clients gain confidence and competence in personal areas such as social skills, time and productivity management, even public speaking. You basically provide a self-help course: you help clients achieve things that they otherwise might not be able to do without your guidance, motivation and planning.
There are no certifications or guidelines to pass to become a personal coach. However, you need to possess empathy, excellent listening skills, and the ability to inspire others. Start-up costs can be minimal, depending on the kind of equipment you already have (computer, fax, Internet access are a must) and the marketing strategy that you will employ. Your fee structure will depend on how you organize your program. You can charge a basic fee for your first session, where you gather all the information you can about the client and talk about his or her needs. The price of subsequent consultations can vary based on the length of the program. First-year personal coaches can expect to earn around $40,000 to $60,000.
For more information, read How to Start a Coaching Business
Recommended Books on Personal Coaching Business:
- Getting Started in Personal and Executive Coaching: How to Create a Thriving Coaching Practice
- Becoming a Professional Life Coach: Lessons from the Institute of Life Coach Training
9. Pet Sitting Business
Believe it or not, pet sitting is big business. In the United States alone, pet sitting grew by 753 percent from 1993 to 1998, and is now estimated to be a $20 to $35 million industry. A 1998 survey showed that 7.5 million U.S. homes used pet sitters. People love their pets; and as a pet sitter, your job is to spend days and evenings caring for pets in the owners’ homes while they are away.
To launch your own pet sitting business, you need about $500 to $3,000 initial capital to start. The bulk of your expense will go to the cost of obtaining a bond against theft and liability insurance, given that you have access to your clients’ homes and you need to protect yourself against any theft or other problems that may arise. You can charge anywhere from $8 to $24 an hour, depending on the number of pets and additional service required. This is a business that provides equal potential for both urban and rural areas: the metropolitan area is home to a lot of people with pets, while folks who live in the country also need people to take care of their farm animals.
For more information, read the following articles
Recommended Books on Pet Sitting Business:
- How to Start a Home-Based Pet-Sitting and Dog-Walking Business (Home-Based Business Series)
- Six-Figure Pet Sitting: Catapult Your Pet Sitting Business to Unlimited Success
- Pet Sitting for Profit
- The Dog Walker & Pet Sitter Bible: A Recession-Proof Business Guide to Creating a Pet Service & Turning It Into a Six-Figure Income
10. Antique and Rare Auto Finding Business
If you love cars, this is a perfect business for you. Your job will be to locate antique or rare automobiles for museums, collectors and restorers. You will be paid a fee by either by the buyer or seller (sometimes both), usually about 5 to 10 percent of the price paid for the car. Your fee can run from $250 for a routine find, but it can go up to as high as $5,000 for a rare gem of a car. Start-up costs for this business can be minimal, and involves finding a list of buyers and sellers. You can run classified ads in upscale automotive magazines offering your service.
For more information, read the article How to Start an Antique Dealership and Collectibles Business
Recommended Books on Antique Car Business:
- Classic American Car Parts: A Pickers Guide to Buying & Selling
- How to Make $20,000 a Year in Antiques & Collectibles Without Leaving Your Job
For more ideas, check out other “Go Out of Your House” home business ideas:
- Janitorial or Cleaning Service Business
- Catering Business
- Handyman Business
- Wedding Photography Business
- Mystery Shopping Business
- Real Estate Agency Business
- Home Repair Service Business
- Mobile Food Truck Business
- Home Staging Business
- Wedding Planning Business
- Starting a Business Teaching Computer and Internet Use
- Things to Consider When Starting a Home Business
- Home Businesses with High Income Potential
- Startup Costs and Income Potential of an Errand and Concierge Business
- Balancing Home and Work: The Challenge of the Home-Based Business