Looking for home business ideas? Good idea. Renting commercial, warehouse, or office space can put a massive financial strain on a new business. In contrast, many home business opportunities are quick and easy to start.
But there are so many home business ideas – which ones should you consider?
Some home business ideas require an initial investment to get the ball rolling – and some require as little as $30. Also, some home businesses are easier to start if you can turn a spare bedroom into an office or workshop – others are easy to manage from your desk.
So what is the best home business idea for you? In this article, we will explore 5 of the best home business ideas that you can start quickly and easily.
Sells handmade products
Do you like to create? If you love art and are a creative person, then why not sell your handmade products online? For example, you could:
- You make candles
- You create jewelry
- You create pieces of art
- You make homemade food
- You create clothing
- Create knitted blankets
Whatever you love to create, selling handmade products is a great way to turn a hobby into a home business opportunity.
There are two main ways to start selling handmade products online:
sell through an online marketplace such as Etsy
create your own online store using a platform like Shopify
Start a print-on-demand business from home
Similarly, if you enjoy creating eye-catching art and designs but don’t want to make the products yourself, you can start a print-on-demand business from home.
Americans call it “print-on-demand” and it’s a type of dropshipping where you can sell products that are customized with your designs, such as:
- Clothing: T-shirts, hoodies, leggings, yoga pants, etc.
- Footwear: sneakers, boots, flip-flops, etc.
- Accessories: Jewelry, watches, phone cases, bags, bottles, face masks, notebooks, stationery, etc.
- Homeware: mugs, towels, bed linen, pillows, blankets, quilts, etc.
- Art: posters, wallpaper, stickers, magnets, etc.
- Electronics: headphones, speakers, etc.
To start this work-from-home business idea, create a Shopify account and choose a print-on-demand app to install, such as:
- printf
- CustomCat
- Spode
- T-Pop
- JetPrint
- Teelaunch
- Ice cream
- Gooten
- Printy6
Buy bulk products and sell them online
Another way to sell products online is to buy products in bulk – also known as ‘wholesale’ – and sell them individually, or ‘retail’. When you buy products in bulk, you can get a lower cost per unit than if you buy them individually. Then, when you sell the products one by one, you can raise the prices to create a profit margin.
So where can you buy fantastic wholesale goods?
Start by looking for products on business-to-business (B2B) marketplaces such as Alibaba and Handshake.
Teach online
If you have in-demand skills or knowledge and a knack for teaching, consider sharing your knowledge via online video calls (the pandemic has taught us a lot in this direction). Popular subjects taught online include languages, math, science, and business. But there are no limits to what you can teach, so you can also teach things like music, sewing, or even DIY!
According to PayScale, most online teachers earn between $10.18 and $39.87 per hour, depending on their experience level.
Digital services from home
The need for digital services is widespread – from designers and developers to digital marketers and doodlers, almost every talent is needed.
If you’re wondering what service you can offer, here are some ideas for service-based home business opportunities to consider:
- Graphic designer
- Web designer
- Translator
- Copywriter
- Photo or video editor
- Social Media Manager
- count
- Marketing consultant
- Financial consultant
Some of these home business ideas offer higher income potential than others. So, make sure you research your market well to choose the right service-based home business idea. To get started, consider signing up for a freelance marketplace like People Per Hour, Upwork, or Fiverr.
The next time you’re hesitant about home business ideas, consider this image: the independence of being your own boss! We love ideas, so if you liked our article, leave us your comment!
