There are many scams out there that will promise you tons of money and financial stability from home. Do not fall for these ploys. The best home-based business is the one you start with your own mind, heart and hands.
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.
You can find all the advice you need in an online scrap metal discussion forum. How big can you grow a business like this? Stephen Greer went to Hong Kong with almost nothing after college and built a scrap metal recycling business worth $250 million, according to his book, ” Starting from Scrap: An Entrepreneurial Success Story.”
Art collectors love to have catalogs of their work both to show off to their friends and to use as potential sales tools. It’s surprising how little some people know about the art they have. If you have photography and research skills, put them to work in this business. It can be surprisingly lucrative.
While it demands creativity, patience and expertise, makeup consulting is a business idea that requires relatively little formal training. There’s a market for customers who just want to spice up their personal looks as well as an opportunity to work with theatrical productions and other organizations that use stage makeup.
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 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.
This side business idea isn’t for most, but consider Kia Silverbrock who has been granted over 4,665 US Patents in his lifetime (so far). You don’t have to invent the wheel to make good money from your patented concepts—just make sure that your idea can be produced affordably, or it will never stand up against a lawsuit in the future.
An event planner would work with clients to meet their demands for parties, lunches, weddings etc. A lot of your job would involve organising with other businesses such as suppliers. As this is a service based business there would be little start-up costs and there would be no need for any storage so you could potentially run your business from home.
One of my friend’s mothers who had performed as a Radio City Rockette, founded a highly successful dance studio for young girls. She was successful enough to rent large commercial space, but this is a business you may want to start in your home.
There are people now making a living creating viral YouTube videos. If you create a unique and entertaining video then it could soon be getting millions of views online if it goes viral. YouTube pays you as a partner for the advertisements that are in front of your videos meaning you do not have to find time looking for advertisers. There are also other potential revenue streams such as endorsing products and affiliate marketing.
Maybe it is just me, but I feel like I have had way too many experiences with mechanics not be truthful with me that I would gladly pay more and give all my business to an honest one. If you know your way around a car and have a few tools, this could be a great business idea for you.
I’ve been around boats almost since I could walk so I forget that some people need to be educated in how to run a powerboat or captain a sailboat. Now taking a boat for a spin and introducing someone to the pleasures of boating…how fun!
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.
Carrie H Johnson was divorced and living in a low-income housing when she started a cleaning business with friends, she explains on her website. She built it into a multimillion-dollar business with 165 employees.
According to compensation survey administrator PayScale in 2010, the average income of small business owners varies widely depending upon their level of experience. For example, small business owners with less than one year of experience in running an organization earn an annual salary ranging from $34,392 to $75,076. Those with more than 10 years experience, on the other hand, earn upwards of $105,757 per year.
You can set up an eBay business and sell for others on consignment without spending a cent. There are plenty of people and businesses who find it hard to make the time to sell their unwanted items or simply do not have time. An eBay trading assistant does all the hard work and as a fee you earn commission on sales.
There is a growing trend for personalised clothing with some companies now charging a premium for personalised trainers. You could start a business creating uniquely personalised items of clothing. As all the products would be unique there would be a lot of potential added value.
The other option for online sales is to simply become the eBay middleman. Millions of vendors sell their wares on the online auction house. If you can find an inexpensive source for (legally!) saleable merchandise, you can get into business.
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.
Affiliate marketers promote products of other people. In return, they get commissions on their sales. Amazon is one of the most popular platforms for affiliate marketing, but there are alternatives that you can consider like Commission Junction.Since affiliate marketing is typically combined with blogging in order to create a seamless mix of content and promotion, you’ll need to get your own blog up and running first.
Set up a dedicated phone line and internet service. Almost all businesses will require contact with customers over the phone. In order to ensure that your line will be free when customers call, you’ll have to get a dedicated phone line for business use. You should also sign up for voicemail rather than using an answering machine. This sounds more professional to customers. You should also add an internet connection that is fast enough for your business purposes while still remaining affordable.
People get into this business thinking it is a totally passive way to make money and then they find out—they actually have to do some work! Heavily used washing machines and dryers can break down, and the laundromat will need to be cleaned constantly. That being said people need clean clothes so this is a classic steady income business!
If you need further coverage, you can opt for a business owners policy — an insurance package that covers your business property and provides liability coverage for clients coming to your home. These policies generally cost from $500 to $3,500 per year.
With social media at your fingertips, this is the single best time to build a brand online. It wasn’t that long ago that you needed to hire a PR agency to create brand identity and awareness. But now, if you are determined and diligent enough, you can build a brand by creating quality content every single day and leveraging social media outlets to attract and engage an audience.
Parents are often seeking out instructors to help their children develop musical talent. Sure, some parents may be just trying to make their kids appear well rounded on college applications, but there are also plenty of students looking for a rewarding skill to last them into adulthood. If you have some musical skills, considering taking on pupils for music lessons. Since you’re teaching a specialized skill, you can earn a decent hourly rate. The more specialized the instrument, the better (you can probably charge a fair bit more teaching the French horn than the piano). Consider doing home visits; you may be able to charge an even higher premium.
Interested entrepreneurs can either open a franchise from an existing vending machine business or sell vending-machine friendly products to help stock up schools and offices with healthier, affordable snacks.
User interface and user experience matters big time on your website! That’s why they have often become a separate business from website development/coding. You can earn an advanced degree in this field, you can read books about it or you can learn it on your own.
If you have the gift of gab, public speaking is a worthwhile side business idea for you to pursue. Many authors, medical practitioners, scientists, artisans, politicians, and other subject matter experts earn extra income by delivering speeches, seminars, and presentations. Professional motivational speakers earn an average annual salary of around $90,000 with just that portion of their income, making this a very realistic side business idea while you continue practicing your craft.
Even if you don’t have a background in online marketing, you can take a cheap online course to get started – particularly with SEO.This is another competitive industry, so if you want to stand out, focus on a niche area, such as AdWords, or emerging marketing fields like influencer marketing.
Marketing is crucial to business yet it can sometimes seem like an overwhelming task. The key is to understand your target audience and find a way to get in front of them. It doesn’t have to start with all the bells and whistles, but rather a targeted and streamlined approach to start building your business in a scalable way.
Take the time to create a space where your employees want to spend their time. Think about it — you spend more of your waking hours at work and with fellow employees than anywhere or with anyone else. So isn’t it worth taking the time and money to create a place that people enjoy working? What is the culture at your company? Do you have a strong set of core values and do your employees value these standards? Building a company where people want to go to work is one of the most pivotal ways to building a growing and sustaining company.
Great insight Steve! As someone pointed out above, with so many options to start for such little money, most people really have no excuse. Some of the online related businesses are ones I intend to try just for the fun of it.
Do you see how this is such a different approach from what you hear in the media? It would be easy for me to write some post about credit card interest rates or the newest savings account. Or to tell you how bad the economy is.
Whether if it’s soup mixes, bread, jellies, cookies, or chocolates, people are definitely devouring gourmet food products. And, since you already have a kitchen, you only need to purchase cooking supplies, packaging, and a little basic marketing materials to launch.Amy’s Kitchen is just one example of a home-based business that became a multi-million business by creating delicious gourmet food.
Cycling is one again becoming very popular with people ditching cars and choosing to cycle and avoid the traffic. However good bikes are often expensive to buy or riders have no one to ride with. You could start a business offering bike rides and rentals to customers as groups.
If you are thinking of becoming a property tycoon but can’t swing the down payment on your first property, this is a good business to start in. It’s good steady income and you get to learn the ins and outs of owning property. You also may come across multi-family properties that are for sale before they get advertised.
The biggest gaming companies spend millions developing their latest offerings and lots more money promoting them. Can you compete? Yes, you can. A recent college grad we hired had just launched her own game, and was getting hundreds of thousands of downloads. Sure, it’s a whole additional level to get people to start paying for your games, but it can be done.