Saturday, 17 October 2020

Best Home Based Business Ideas With Little Investment

Best Home Based Business Ideas With Little Investment


In this article, I'm going to be talking about the best business ideas to start from home with little to no money. If you're out there thinking about working from home, but you're really really struggling in terms of coming up with the best business idea then I've got you covered in this article. I'm here to share with you the best ideas that have worked for me and that would definitely work for you as well if you, of course, take action and implement the right strategies to move your business forward.



1. Offer A Service-Based Business

A service-based business is any business that involves selling your services as opposed to selling physical products. A service-based business could be something such as a coaching business, consulting business, and cleaning business, a dog-walking business, basically, anything that involves you selling yourself. And when I talk about selling yourself. I'm not talking about doing anything dodgy, or illegal. You're basically selling yourself and your services and whatever you offer in exchange for money.


Another service-based business could be web design services, for example, where you design websites for local businesses out there. There's a lot of offline local businesses out there that have the worst looking websites and some don't even have any web sites at all. So if you're good at designing websites, that's a service you can offer people and you basically just charging people per hour, so the more hour you invest in offering the service, the more money you can charge. So the opportunities are really on limited when it comes to offering a service-based business. And a service-based business is usually the best ones to get started with because of the little investment, you don't have to invest a lot of money apart from investing in yourself, of course. Most of the time a lot of the skills that you need are probably skills that you already anyway, so you're not really paid anything extra to learn how to provide those services. Unless, of course, there are other aspects of the business that require you to learn more or hire people to help you out but essentially a service-based business it's a great low-cost home-based business idea to get started with


Start thinking about your skills, your passions, your interest, what do you good at? Are you good at planning? Then maybe you can think about event planning. Become a travel planner. There are so many ways you can convert your skills and your passions and your interest in an actual business. And then you can then sell the services to people who need the services in exchange for money. And you can do some of the comforts of your own home or you can go to your client's sits if you want, but ideally, you get to work where you want and how you want.


2. Starting An Online Store

With an online store, you can essentially sell products online. Some people start by selling products on platforms like eBay for example so if you have like clothing in your house or shoes or anything that you've got that you're not using that is still of great quality, you can actually sell them on platforms like eBay, make you some extra money, but if you want to start a business and you want to take that business to the next level and essentially build a brand out of it, then you need to start an online store where you sell products in a specific niche. 


Thanks to platforms like amazon.com you can literally sell anything online these days and a lot of people are now embracing the digital era of purchasing products online. If you notice around you there's a lot of large companies that are currently closing down because it cannot compete with their online counterparts. The reason is that people who sell online actually have more of a potential of making more money. Not only do they have low overhead cost because they don't have to go out there and investment storefront or buy a lot of wholesale products, but secondly, they can reach a wider audience as well so you get to attract a worldwide audience and this is the reason why a lot of offline brands are now struggling because online companies are taking over.


If you go to a brick-and-mortar store selling a t-shirt, the prices would probably be higher than buying from fashion over, essentially, a lot of customers will rather go buy online at a cheaper price for the same product because they're getting the same product at a lower price anyways. But this is the era we currently live in, and we live in the digital era where everything is now done online. People want things fast. People don't have patience all the time to go out there buying products in the store. They just want to click the button on the phone and have the doorbell ring the next second with the products being delivered to them. That's the digital era we're currently living in, and it's about time you also embrace and tap into those opportunities. So if you wanting to start an online store then this is the perfect time to get started because, honestly, if you're selling products online you have the potential to attract a worldwide audience. After all, you are on the world wide web.


So start thinking about whatever products you can send online. You can sell clothing, accessories, jewelry, hair, makeup, baby clothing. Literally anything. Just find a niche that you're interested in. Think about the things you love the things you enjoy using yourself, and use that as a benchmark to get started. 


If you don't have the money to buy inventory in advance I strongly recommend a process called drop shipping where you don't have to buy any products in advance. And what you do is basically sell the products on your website. Pass the customer's orders to your suppliers who then package and ship the products out to your customers. You don't need to invest money in inventory in advance.


3. Starting A Youtube Channel

Starting a YouTube channel it's a great home-based business idea you can look into. if you're someone out there who's passionate about video, creating content, and you have some great ideas you want to share with the world. I would highly recommend you look into starting a YouTube channel. It's so easy to start a YouTube channel these days if you don't have a camera, a DSLR camera. You can even start with a phone. Honestly, there are some great phones out there like the iPhone for example has one of the best video qualities, but there are other phones you can also use out there as well, and if you're great at editing you can make a boring looking video and professional. So it's all down to editing.


If you're out there thinking about a home-based business to start say, for example, if you're into business, you can start sharing these nice related tips with the world, and start growing your channel growing, your growing views and subscribers. YouTube then begins to pay you some money. There's a program called the YouTube Adsense program where YouTube essentially pays you every time someone watches your video with an ad that YouTube is actually embedded within your content. YouTube is basically reimbursing you for using your videos to advertise for other companies that they currently work with. And the more views you have in your channel and the more subscribers you have in your channel the more money you're likely to make from YouTube as well. Of course, there's a lot more to YouTube Adsense and making money from YouTube.


Just get started. Sharing your content with the world. And just being you don't feel like everyone is on YouTube or it's an overly saturated Club because that's the mentality that will hold you back. It's like if you ever ask yourself why you have KFC, McDonald's, Wendy's, why didn't we just have one fast-food restaurant for the whole season is because everyone's preference is different so maybe prefer McDonald's or the KFC, some prefer Wendy's over the subway. So don't sit there thinking, oh, everyone is on YouTube, everyone is doing it. 


There are some people that actually prefer watching your videos because there's something about you that they resonate with, that they connect with over another YouTuber. Likewise, there are some people that maybe can't stand your face, I hope not. But again, just to tell you that essentially your business, your brand, your face, your reputation, your personality is what will stand out from everyone else in the market. So don't be scared to start a YouTube channel. Don't be scared to go out there and follow your dreams, follow your passions, and follow your interests and start a business because that's the mentality that will keep you back in a 90% group. And 90% are basically the people that don't want to do anything. They want to follow the norm, and they're not willing to take risks. Be the 10% that are willing to go out there and do crazy things to be successful.


4. Starting A Blog

A blog is very similar to a YouTube channel where you basically create content except you're not recording videos, you're basically just writing articles out there on your blog and creating as much content as possible to attract views and traffic to your blog. So again, if you're passionate about any subject out there, any niche out there like learning how to drive, learning how to ride a bicycle, learning how to swim, learning how to walk a dog. Just anything you're good at. Start thinking about your skills, your passions, and interest and then find a way to convert that into an actual blog. You can actually make money from a blog using Google Adsense. Google places some adverse on your blog and when customers go to visit your blog and every time someone views those ads or clicks on those ads google pays you a commission. and there are other ways to make money from your blog as well such as doing things like product reviews, affiliate marketing, or even selling your own products if you have another product.


Starting a blog is a really really lucrative home-based business idea that you can get started with as well.


5. Become A Virtual Assistant

Virtual assistants are basically people out there that are good at things like admin, bookkeeping, excel. It could be anything admin base that you can help a business with. Instead of having to hire a full-time staff to do with things like admin and bookkeeping. You can just outsource some of your tasks to a virtual assistant at a lower cost. A virtual assistant can even help companies with things like managing their social media so if you do things like Facebook, Instagram, Twitter, you can essentially get in touch with the company and offer your services to them, and in doing so you get to work from home as well, and you set your own hours. And you can advertise these services on platforms like upwork.com, freelancer.com. A lot of companies go to these platforms looking for virtual assistants every single day.


Better still, start networking. Go for networking events in your local area where you can actually network with other business owners that need some help with different tasks in their businesses.






I hope you found this article useful and informative with regards to coming up with a business idea you can start from home.

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