We strategically partnered with an entrepreneur mastermind group: Genius Network (aka the 25k group). The investment is $25,000 a year to be a member, and brings together entrepreneurs trying to grow/scale their companies. This turned out to be our exact demographic since a person spending all that money proves they can afford a high-end service as well as tools and services that will help them grow their company. After only one presentation at one of these networking events, we received 100 new clients, which gave us a solid starting ground. From there, we continued to grow from one of the strongest forms of marketing there is–word of mouth.
Referrals and showcasing your work in an online gallery are two keys to gaining new clients. If you don’t have a lot of experience in photography but still want to pursue this business idea, try working as an assistant to a professional photographer to build up your resume.
What makes drop shipping so attractive is exactly what lands it on this list; there are no big startup costs or expensive investments in inventory. You can sell products online, collect payment, pay suppliers, and let them send out the products — even using your company logo if you like.
You should also consider home owners’ associations in your neighborhood and consider the potential impact of your business on neighbors, especially if the business will increase traffic or noise in the neighborhood.
Know your competition. If you plan on working from home locally, look around town for other businesses offering the same services or products. You’ll have to figure out if there is enough business left for you in your area. If you plan to work online, you’re dealing with a very crowded market in most cases, so you’ll have to find a way to differentiate yourself from the competition.
Every company needs content for their website to attract search engine traffic and develop a bond with their customers and potential customers. Hence the market for creating web-friendly content has exploded with both large firms and independent content marketers helping to fill the need. Specializing in the needs of a particular industry can help jump-start your business, but many companies are willing to hire content marketers who are good researchers and can write well, even if they lack specific industry expertise.
You should have some decent equipment that makes your audience happy but that could mean different levels of investment for different audiences. Are you going to be playing for large event venues or for junior high school birthday parties? I know a fellow who started a successful mobile DJ business even before he was old enough to have a driver’s license. He would either have a friend give him and his equipment a ride to his gigs, or he would get a taxi.
It didn’t hit me until later. The milestone that really meant a lot to me was making my first $100. That meant I could make $1,000, which meant I could make $10,000 and later $1 million and even more.
Thanks to Dave Kerpen, CEO of Likeable Local and Cofounder & Chairman of Likeable Media, you don’t have to imagine. Because he has 10 proven business strategies that have brought him massive success over the last seven years. And Kerpen shared these insights with Chad Cooper in a Tony Robbins webinar.
I think a window cleaning business is an ideal way for someone to start their own business because of REPEAT customers. All you need is one large account (nothing too high) and maybe a dozen small storefront customers to make a possible $200 a day.
That same study also revealed that more than 50 million Americans work independently as freelancers. With considerable overlap in the Venn diagram of home-based workers and entrepreneurs, the numbers show that starting a home-based business isn’t a just trend. It’s part of the new reality of the American workforce.
College counsellors come in all shapes and sizes. Their primary duty is to help guide students through an important period in their lives. Some counselors focus on admissions, career advice, financial aid, athletics, extracurricular activities, and other concerns. There are institutions looking out for part-time college counselors, making this a fantastic side business idea, or you can even start your own practice and charge anywhere from $25-$100+ per hour for your consultative services if you’re well-versed on the subject.
Companies that provide employees with uniforms often also arrange for them to be cleaned and pressed every single day. You can specialize in certain types of uniforms and/or certain types of services. For example, you could rent uniforms to companies and handle all of their cleaning and pressing needs. You could lease or sell uniforms to companies and then either provide cleaning and pressing services or not.
Signage. Most localities have signage restrictions. However, if your business is in a residential area, you are likely to face very strict limits on the size, number, and placement of signs on your property. You need to verify what you can and cannot display before ordering any type of signage.
Set yourself up for success by taking these early steps to create your ideal home office. By dedicating thought and consideration to your workspace, you’re already well on your way to being productive.
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.
Start part time and build this business carefully! Only buy items you are confident that you can sell relatively quickly for a good mark-up, and avoid getting stuck with slow moving inventory. To really succeed, develop deep expertise in a specialty and build a loyal customer base.
Thanks for the helpful list, recently I quit my 9 to 5 job, I am looking for a home-based business to make money, now I got some idea about that, I am going to create a blog to earn money, keep doing this great work. keep sharing with us.
Mobile tech is now a must-have for almost any business, but finding ways to go mobile is a challenge for many business owners. If you can provide affordable mobile solutions to businesses that need them, you’ll find mobile consulting a rich business opportunity.
But even if you don’t need an EIN, get one anyway: It’s free, takes minutes, and you can keep your Social Security number private and reduce the chance of identity theft, because if you don’t have an EIN, your SSN identifies your business for tax purposes.
When I used to work at CreativeLive, I regularly paid $250-$500 (or even much more depending upon audience size) per episode for 90 seconds worth of advertisements on relevant podcasts like The Tim Ferriss Show, the #1 business podcast right now from the 4-Hour Workweek author, Tim Ferriss. The podcast has even helped Tim launch his latest New York Times bestseller, Tools of Titans to a wider readership.
Twice I have heard Jim Koch, founder of Sam Adams beer, talk about how he started his business. I find this to be a tough business. First you need a brew master with deep expertise. Then you have to get your beer taste to be very distinctive and very pleasing. You need consistent quality. You need to stand out versus the many other small brewers, build a clientele, and arrange for transportation. Nonetheless the market is huge and because of the success of micro-breweries, established beer distributors are increasingly willing to take on smaller labels.
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.
As a web developer, you’ll build incredibly valuable skills that are in extremely high demand. You can get up to speed on building websites in as little as a few months with inexpensive or free online education programs like Treehouse, the Web Developer Bootcamp on Udemy and Codecademy.
My friend’s wife earned an advanced degree in nutrition, put out her shingle, and tried some marketing, but her business progressed very slowly. Then she teamed up with a local gym and her business took off.
Yes, even the PowerPoint presentation requires outside consulting every now and then—especially if it’s not your forte. I know I would happily outsource the visual layout of my presentation decks for work meetings, investor pitches and lectures. Tobias Schelle of 24Slides is living proof that you can turn your skills at slideshow presentation design into a legit side business idea—and potentially earn up to $20 a slide for your time and talents.
Everyone (even kids and retirees) need to have some level of technical know-how to stay competitive and appreciate the marvels of the digital age. Just observe how learning sites like Codecademy, Treehouse, and Udacity continue to grow and you’ll understand the urgency of getting computer training for our generation (thus making it a great business idea to train others if you already have the skills). If you’re a techie, you can cash in on this need by offering lessons and tutorials within your neighborhood or across cyberspace through portals like YouTube or Udemy as a side business idea. You can even set up your own tutorial site with an interface for online payments.
Home buyers today are getting increasingly used to seeing vacant homes set up with staged furniture. And if you are choosing furniture specifically for the purpose of making a house look great, you can both increase the likelihood that the house will sell quickly, and that it will sell for a higher price. Stage some rooms in your own house, take pictures, and then get customers by networking with real estate brokers.
While there are all kinds of training that corporations will pay for, I am focusing on sales training because the demand is so widespread. It is an absolutely critical function, even for small businesses. If you don’t have great contacts at larger companies I would suggest you target smaller firms, such as those with sales forces of 6 to 20 people. Small enough so that everyone isn’t trying to sell them training, but large enough that they are likely to be willing to pay for it.
It takes some time to grow an audience and find ways to monetize your blog, but if you love to share your point of view with the world, this can be a good way to work from home. Niche blogs are a particular area of growth in this ever-growing profession. Pay can vary widely, but the income potential is nearly limitless.
Evaluate your talents. Keep in mind, there is a huge difference between talents and things you enjoy. Just because you enjoy something does not mean you can turn it into a business. Think about your skills, or the hobbies that you do better than anyone else. Your business can also be based off of a professional skill you’ve developed or been educated in.
Many people have the impression that in order to launch a business you need to raise millions of dollars. I disagree. What worked for us was making the right decisions early on, and also having tight constraints. When you have constraints you are forced to make highly calculated decisions.
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!
Sure, there are national chains, but if you really focus on it, you can come up with a few sandwiches that are totally delicious! For this business, I would want a location that services office or industrial workers. That way you can get their business every single work day of the year! And forget a fancy buildout, I would focus instead on fancy sandwiches!
The local bank or investment advisory service may decide to add a touch of class and the feel of quiet success to their office by adding art to its walls, but which paintings should they buy? That’s where you come in, the expert art buyer. You could offer your services to private art buyers as well. Where do you start? You could simply start with one recommendation for one painting for a friend’s empty wall space.
If you are looking for quick extra cash then signing up for sites like MySurvey can get you a nice side income with immediate results. You will not get rich doing surveys, but each site could net you anywhere from $30 to $100 per month. Some other popular survey sites include:
Generally speaking, if the square footage of your home office equals 10 percent of your home’s total, you can claim 10 percent of its expenses. The IRS also has a “simplified option” rule, which allows you to deduct $5 per square foot of your home office on your return, with a maximum write-off of $1,500 (based on a maximum of 300 square feet). It’s a good idea to take a picture of the space so that you have a record, in case the IRS does scrutinize your return.
Cloud hosting allows businesses to store their data in the cloud and access it from anywhere. Cloud hosting is often very secure and is great for businesses to keep their data secure. Many cloud hosting business offer reseller programs and some even allow for your own branding. You could work with businesses to get them set-up with cloud hosting and ensure their business documents are secure.
The key to success in this business is being very disciplined in buying. Limit your car buying to popular models that you can turn over quickly, models that you have a strong understanding of current local pricing on, cars that you can buy at a significant discount to the price you believe you can fairly sell them for, and cars that are highly unlikely to need major work.
While you might first think of parties for kids, parties for adults is a rapidly growing field. To break into this field, I would start by offering some really attractive package deals. Then I might try to upsell additional services once the parting host became more comfortable working with me, or at least on repeat engagements.
If you can read and follow the directions of an online soap-making tutorial, you can gain some basic knowledge of the soap making craft. It involves relatively few materials and tools. To make soap you mix various forms of oil with lye and scents. A basic mold for 12 bars can be bought on Amazon for under $10.
This is an especially good idea for stay-at-home-parents who need to bring in some money. You’re already staying home with your kids: why not invite a few others to the party? Licensing for in-home daycare varies from state to state, but you will want to make sure you comply with your local regulations. Median salary: $19,300.
If you’re like most of us, window cleaning is my least favorite chore around the house. It’s tedious and never looks “clean.” That’s why I have no problem hiring a window cleaning service for both my home and business. Like a cleaning service, you have the option to do residential or commercial properties and it doesn’t require much capital to start.
Even in the Internet age, there is something about physically going to a weight loss center that helps bring commitment and seriousness to the weight loss process. The business models vary from a mixture of fees to just making money from selling prepackaged food. You want to make sure your customers not just lose some weight but also feel great about themselves, because then they will also feel great about you and your business, and become raving fans.
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.
This is a nice little niche business with a strong personal service element and a market that’s not just looking for the cheapest product. Netting for railings, cabinet door catches, safety coverings for electric outlets, door locks…there are lots of safety elements that need to be changed to make houses safe for babies and toddlers. Do your research carefully and make sure you are not missing any safety elements.
What sort of restrictions could there be? Where do I start looking? The property may be affected by restrictive covenants that prohibit certain uses, and there could be an outright prohibition on business use. Your neighbours are likely to be the ones with the right to enforce these covenants against you and they might be able to get a court order to stop you running your business from the property. The title to the property (held by the Land Registry) should have details of any restrictions and you should check what you were provided with by your solicitor when you bought the property. Even if there aren’t any restrictions on the title, there is a risk that your use could disturb neighbours and cause a nuisance, for example, by noise caused or increased visitors to the property. From a legal perspective, something has to be more than irritating before it is a nuisance and must actually cause damage or interfere with someone’s enjoyment of their property. If the nuisance was severe enough, your neighbours could take you to court.
The key to succeeding is deciding which market you want to serve and designing your offerings specifically for that space. Also, as is the case with graphic design and Web design, being able to do something nobody else is doing is also a huge plus.
Running your own business from home has a real charm to it. You’re your own boss. Your working hours are flexible. Costs are low since you don’t have to pay rent on a brick-and-mortar office. And there’s no need to ask permission from anyone to, say, walk your dog when the spirit moves you.
Some claim a lot of people are interested in the idea of blogging as a business. May somebody please explain if this is a viable home based business, and how much can you realistically bring in based on an hourly rate… bottom line after all you have to put into it!?
Figure out if you can make this business profitable. How much will people pay for your services? Can you make a good income off this? Many people see astronomical numbers in their future until they take the time to determine their profits. Be sure to consider how much time you can reasonably commit to your business and how much profit you can get back for your time and investment money. In some cases, a great business idea in theory can in reality be unprofitable.
I invested in a friend’s prefab home construction once and lost all of my investment when a huge downturn hit the real estate market. Nonetheless this is a powerful business concept. By doing much of the house construction process in a fully equipped, controllable environment, the building process can be much more efficient. Furthermore, by using prebuilt modules, a builder can still construct a gorgeous customized house. You can get involved in this business by building the prefab homes or modules yourself, or as a housing contractor using prefab modules.
Hi Bounama – Not sure exactly what you mean by network marketing, mainly because the term applied to a lot of different activities. I’d be careful if they want you to put money upfront. And I’d also research it carefully, including checking with the Better Business Bureau in your area.
During my long search for an online business, I found a network marketing company that’s just about to do its public launch. It was set up specifically to run online. In this way, you can contact only the seemingly endless supply people that have already shown interest. You don’t have to worry about those dreaded headaches of old-style network marketing. Because it’s built into the process members are freely interact, communicating and supporting each other openly online without asking whose team they are on. With the network marketing business model and the vast market on the internet, I think that a lot more people will find this option appealing.
Turning your favorite craft or hobby into a revenue-generating business idea easily counts among the most fulfilling experiences anyone can have. Just take a look at what Jacob Huss of Soteria Designs is doing wit his hobby of hand-building furniture and wood jewelry. With more and more people demanding a higher degree of personalization in just about anything they own or use, count yourself lucky if your craft happens to be the creation of custom furniture. Not only is the real estate sector regaining its footing, the number of style-conscious customers is also on the rise, creating plenty of room for growth into this business idea.
Anyone can sell goods on Amazon, provided you have products to sell (or buy low, then resell). If you’re the type to hit all the local garage sales each weekend, there’s all sorts of valuable things that can be resold online as a side business idea. If you want to step your Amazon selling game up, check out this detailed guide to Amazon and eBay retail arbitrage on Entrepreneur featuring an interview with Julie Becker and several drop-shippers who’ve grown this home based business idea from side business idea into a lucrative money-maker.