Starting a business is one of the easiest ways to build generational wealth. And the good thing about it is that anybody can run a business, it doesn’t matter whether you have a 9 to 5 job or not. You can start your business as a side hustle and grow it over time. So, in this article, you will learn some home-based business ideas you can implement easily.
Before now, people thought that having a high paying job is all they need to live a comfortable life. But the COVID-19 pandemic proved them wrong as several people lost their jobs.
Since the pandemic, employment in both small businesses and large corporations is relatively difficult. And most companies are operating on a low budget to recover from the loss incurred during the pandemic. So, employment has dropped drastically.
Contrary to popular beliefs, you don’t need a million dollars to start up a successful business. All you need is the right strategy. For instance, renting a business space alone is one area that consumes most start-up businesses’ capital.
On second thought, why not start your business at home? There are countless home-based business ideas you can start without incurring huge start-up costs.
Have a look at this list to help you come up with viable and low-cost businesses you can start from home.
#1. Residential Cleaning Service
A residential cleaning service is one of the home-based business ideas you can start doing. Everybody requires a cleaning service these days. It would surprise you how people will be willing to pay you to clean their houses. You can provide a residential cleaning service weekly or monthly, depending on what your clients want.
And If you’re a business-minded person with amazing customer service skills, a residential cleaning service is actually a great business idea for you.
You could also eliminate competition by looking for a unique niche such as cleaning for the blind or senior citizens.
Furthermore, what you need to start your residential cleaning service is some basic cleaning supplies and knowledge about cleaning procedures.
You’ll also need to attract and keep a reliable team as well as strong organizational skills.
#2. Handmade Products
Selling handmade products is one of the easiest home-based business ideas you can think of. If you are good with crafting, then you should consider selling handmade products.
You can create jewelry, art pieces, wooden furniture, knit blankets, clothes, or design and sew new clothes.
Selling handmade products is a great way to turn your passion into a lucrative business. Since digital marketing has made everything easy, you can sell your homemade goods through online marketplaces like Etsy, create an online store with platforms such as Shopify or sell on social media platforms such as Instagram and Facebook.
There might be a lot of competition in this field, but your selling skills, the quality of your product, and your branding will help you stand out.
#3. Become A Consultant
If you have a wealth of experience in a particular field, you can easily become a consultant in that field. Depending on your field, you can become a social media, marketing, leadership, and even accounting consultant for companies.
So, if you are an expert in any of these areas and more, companies would gladly pay you a good amount of money in exchange for your time.
Interestingly, you can start your consulting business from home and expand it later as the business grows. You can even decide to hire more consultants if the volume of work is too much for you.
#4. Teaching Online
If you have a natural passion for teaching, online teaching is one of the home-based business ideas you can try.
Since the pandemic, the demand for online tutors has risen, making it possible for experts like you to create a venture based on their field of study regardless of your location.
If you don’t have advanced knowledge in any field, you could also teach a language you understand, such as English, French, German, to students overseas.
There are numerous skills you could sell on freelancing platforms like Fiverr and Upwork. You should consider freelancing on your top list of home-based business ideas.
From virtual assistance to writing and editing, digital marketing, social media marketing, graphic design, and more, there are several skills you can sell on freelance platforms.
The hardest part of freelancing is getting your first few gigs. Once you perform well and get good reviews, then getting more jobs will be easier.
If you think blogging is no longer profitable, think again. Thousands of bloggers create great content on several topics: home cooking, travel, personal finance, and more.
If you are good with writing, then blogging is a good call for you. The amazing part is that starting a blog is affordable.
All you need to do is choose a niche you are passionate about, add email subscribers, blog sponsorship, affiliate marketing, and other streams of income to your blog, and you are on your way to building a comfortable lifestyle.
#7. Airbnb Hosting
Do you like hosting and meeting new people? Then you should get paid to do it. If you have a large and beautiful home, you should consider Airbnb rental one of the best home-based business ideas.
It gets even better if you can partition part of your home with its different exit and entry. The more welcoming and beautiful your home is, the better the chance of getting reviews and referrals.
#8. Childcare Business
If you love spending time with children, the childcare business is one of the perfect home-based business ideas for you. A childcare business can be anything from babysitting in your home to owning a daycare.
Parents barely have time to care for their children; they would gladly seek credible external help to care for their children in exchange for a little fortune. All you need to start a home-based childcare business is a conducive environment for children and adequate knowledge about childcare.