Top 9 Home Business Ideas
At a time when social distancing is important, more people than ever are happy to stay at home for work. American economist and New York Times best-selling author Paul Zane Pilzer said "We're in the midst of a boom in home-based businesses, and it shows no sign of slowing."
If you agree with Paul, and you’ve already thought about launching your own business from home, then this article is for you. Thankfully, there are plenty of home business ideas to get you started. That said, you may wonder which one should I consider? To help get you up and running, here's a list of the best home business ideas that you can start quickly and easily:
Sell bulk products online: Also known as “wholesale”, you can start with the simple concept of importing products in bulk and selling them individually for a profit. When purchased in bulk, products have a lower cost-per-unit allowing you to bank a solid profit margin per item.
Sell homemade and/or handmade products: If you’re crafty and love to create things at home, then this business idea is for you. Whatever you like to produce, selling handmade products is a great way to turn a passion into a work-from-home business opportunity.
Start or buy an eCommerce business: With so many successful ecommerce businesses, it is time to think big and start your own. You could sell anything online! However, you don’t always have to start from scratch. If you don’t have the time to setup a home business, you can always buy an established eCommerce as a source of income you can maintain while at home or on the go.
Start a dropshipping store: Are you worried about inventory? No need! the recent boom in dropshipping models have made it possible for you to collaborate with a third party that produces, stores, and ships your products on your behalf.
Start a print-on-demand business: Customize white label products with your own creative designs. Using the dropshipping model mentioned above, you can sell eye-catching t-shirts, hoodies, sneakers, flip flops, mugs, covers, sheets, and other personalized items without having to hold any inventory, or ship anything yourself.
Teach online courses: If you have a teachable skill, you can turn it into an online class or course. Sharing your knowledge via online channels has become increasingly popular and there are no limits to what you can teach.
Start a service-based business: Package your knowledge and experience in a digital product. Selling courses, educational videos, eBooks, templates, logos, graphics, reports, and other digital products is an awesome home business idea that doesn't require sourcing, managing, or shipping inventory.
Start a subscription-based business: Grow a sustainable income by selling a bundle of products monthly to the same person. Anything can be sold with the subscription model, from makeup, food, homeware, and fashion accessories, to books and information products.
Build a monetized online following: If you are a fan of social channels and love creating content, you can build a following and monetize your audience. Whether on Instagram, YouTube, or TikTok, you can get paid to promote a company’s products (a.k.a. influencer marketing) or earn a commission (a.k.a. affiliate marketing). You can also grow your readership and keep your audience engaged by creating a blog.
Selecting a home business idea to work on is a personal decision. When determining which opportunity to pursue, try to capitalize on any skills and experience you have. While money is important, the perfect idea works for your schedule, fulfills your life’s passion, and makes financial sense. Working from home provides a flexible work-life balance that everyone is looking for; Don’t forget to have fun in the process!
