With social distancing being the need of the hour, home-based business ideas and their implementation are on a rise. Working from home is convenient for a lot many people who look out for flexible working hours, work-life balance, decent income, and the comfort of working from home.
Here are some of the home-based business ideas you can get your hands on and get started with:
Sell Your Expert Service
Another home-based business one can look for is a service-based business. Think upon a service you are expert in, that could be writing, tutoring, designing, marketing, health training, music, and virtual assistance.
All you need to work upon is identifying the best expertise that you can put to good use. Connect with clients that may need your service and with which you can work from your home with or without occasional travels.
Virtual assistance is perfect for you if you are well-versed in performing the tasks of the entrepreneur. An entrepreneur is a person that has to deal with all sorts of daily tasks of the business alone like scheduling meetings, responding to customers, managing social media, marketing products, etc.
Various eCommerce businesses and entrepreneurs are on a hunt of virtual assistants that can perform a multitude of daily tasks for running their business. Wondering how to become a virtual assistant? Weigh your strong points, and start pitching and networking.
Buy and Sell In Bulk
With the ease of social networks, buying products in bulk and selling them individually is a new trending job.
If you have an eye for business, you see business ideas coming up now and then. You can buy products in bulk from a foreign place you visited or wherever you find items at a low price which can be sold at your local place individually at a profit.
For this, you need to consider the product that is easy to store and transport and is not readily available in the market you are going to sell it in. You need to study the preferences and choices of the people you want your product to be sold in to estimate the sales.
With the help of the dropshipping model, you can also opt for print-on-demand business. A dropshipping model saves you from the headache of supplying, storing, and producing the product. There are third party suppliers that can deal with all three, provided you need to find a supplier whom you can trust.
So, once your dropshipping is set, you can create a wide range of products like T-shirts, hats, mugs, shoes, stationery, blankets, pillow covers, and much more. Depending on the type of your supplier, you can choose the product and choose prints that are relatable to a specific group of communities like gamers, pet owners, bakers, vegans, and the like.
You can also join hands with doodling artists and web designers to create designs.
Market Your Own Service/Expertise Or Of Others
Marketing your service or of others is another home-based business that is closely related to the above home-based business idea.
Marketing or productizing your service refers to creating ideas that add the product to your expertise/service. Such products will compliment your service and will further help in earning more revenue through them.
Some of the productizing ideas may include adding courses to your service (for example holding bakery workshops if you are a baker), publishing eBooks of your art, merchandise your expertise (become an author with your freelance writing skills), designing, etc.
If you are a yoga guru or a health trainer, you can productize your expertise by creating videos and posting them on Youtube, provide live health training sessions and alike.
If you love organizing events or cooking food, consult the businesses that require such services. Fulfill their orders at home and supply them on time.
If you are a great traveler and wanderer, help others in planning their travel through your contacts by starting a business of travel planner by working at home.
Purchase An Already Established Business
This works well with eCommerce businesses. You can buy an established eCommerce business if you are not interested in investing on your own or starting from scratch. There are various such listings you can find online where the original owner is no longer interested in carrying on with their online store.
You can find an eCommerce store that you can identify has some untapped potential of growth and will be fruitful to invest in.
The Next Steps
These were some of the home-based business ideas. All you need to get you going is an internet connection, a computer and a continuous flow of creative ideas to keep your work from the home business running.
- How to Succeed as a Virtual Assistant
- Ready-made eCommerce solutions: Boon for Small Businesses.
- How to Increase Sales on your Online Store
- How a Virtual Assistant can Help Your Small Business
- 10 Low-Investment Home Business Ideas You Can Start Online