Many people dream of owning their own business but often let that dream go due to the difficulty of successfully running a business. However, one corner of entrepreneurship is more easily obtained for those dreamers: the home-based business. Having a home-based business can be profitable and relatively easy to start. Here are the top five home-based businesses you can start TODAY!
Second-Hand Selling Online
In a once dominated market by eBay, second-hand or used selling has spread to other platforms, and in some cases, you can resell items for no fee to the hosting site. While platforms like Amazon and eBay offer a way to sell items worldwide, they come with fees and limits. These fees and limitations can be overcome easily by a savvy seller. Social media and selling apps offer the ability to sell items locally and be profitable without fees. Having a business page and using the marketplace on Facebook allows both local and worldwide selling for free. Fees only come into play if you want to boost ads. This type of selling is not for the lazy. You must obtain, refurbish (as needed), list, respond to customers, and ship items or meet for the exchange. However, some have made this type of home-based business extremely profitable, making the hustle worth it.
Photography
While it may be true that anyone with a smartphone can take amazing photographs, photographers go above and beyond in what they offer. This business is equally as quick to start but does require equipment. You can get a decent digital camera and lenses, essential lighting tools, and good photography software for under $2,000, sometimes well under if you’re a savvy shopper, and get started. Photography requires creativity and patience but can be profitable, especially if your photography is unique. But keep in mind this business is highly competitive, and you will need to stand out and offer high-quality final products.
Home Bakery
If you ask most owners of bakery shops how they got started, they will tell you they started with a home-based bakery business. The overhead is low as you only need to buy the ingredients in most cases and occasionally additional baking equipment. This home-based business does require a lot of time to be profitable, and you must love to bake. Some successful home bakeries specialize in one type of item, making it easier to keep it low overhead and a lot of product. Some baked goods can even be shipped, such as cookies and certain types of cakes and pastries that would hold up and taste great upon arrival. Since it is a food-based business, be sure you research the health department requirements for a home-based food service business.
Freelance Writing
Freelance writing is among the most popular home-based businesses because if you can write, you can easily start your business. While it is competitive, freelance sites and online classified sites such as Fiverr and Craigslist are where writers can put themselves out for hire. Several blog sites will pay for articles if accepted upon submission. Even if your writing skills are moderate, you can take free online writing courses to improve your writing and use some reasonably priced editing tools to help make your writing shine and give you a competitive edge.
Social Media Specialist
Social media is the number one way every business, large or small, uses to market. While larger corporations will have more advertising dollars to spend on print, television, and billboard ads, they will still have a strong social media presence for marketing. A social media specialist will post and promote a person or a business on social media platforms. Business owners are often so concerned with their business’s operations that they will hire a social media specialist to do it for them. The social media specialist is another business that only requires a bit of social media knowledge, and you can start it today with no overhead.
Conclusion
Though hundreds of home-based business ideas are among the top five due to ease of start-up, low overhead, and demand, the information about these five should help you decide to be your boss and start your home-based business TODAY!
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