The way we work has been changed forever by the Covid pandemic. No longer is commuting to work as important as we think it is, and so have some jobs disappeared from the office – especially when we can now mostly work from home. Home-based business roles are now all the rage that you need to take advantage of.
Hence, to future proof your income, here is a list of profitable business ideas, for anyone looking to add to their 9 to 5 job or even for homemakers and housewives who do not have the time for a full-time job.
This list of home-based business ideas serve as another income stream to cushion you and your family against any future external events that would affect your current bread-and-butter job.
Starting an online business is much easier than starting a brick-and-mortar store but still requires work
Starting a new business online brings a lot less risk than starting a physical store, primarily because of the capital involved in starting a home-based business.
The pros of starting a home-based business idea online means that you can reach more customers, work from anywhere you want (mostly work from home due to the pandemic and lockdowns) and be able to get a higher profit because of lower overheads.
Just as you can learn how to cook, sew and do household chores, learning how to build a basic website along with some marketing know-how can be done by anyone willing to put in the time and effort. Get ready to launch your home-based business idea in just a matter of days!
What is the best home-based business to start?
People often ask us this question – what is the best home-based business to start?
Our answer: the one that meets the most requirements on your list and the one that feels right to you.
Go with what brings out the fire of passion within you and also draft a list of factors that are important to you, such as getting good money, being able to work a flexible schedule, being able to work on your own independence, having a work-life balance (important for housewives looking to care for their kids), low startup costs and a role that’s within your skill level and experience and most important interesting work you hold a passion for.
We will begin with the common home-based business ideas, as well as uncommon ones, before moving onto some case studies for you to learn from.
Build an Online Store
You can also open an online store on the internet. Through some online marketing methods, you can operate the business very well, such as, blogs, forums, social media, SEO & SEM, articles, press release, B2B and so on.
More people are now enjoying the convenience of buying things they need over the internet and having them delivered at their doorsteps—without leaving the comfort of their homes.
If you have what it takes to start your own ecommerce store, then you should consider starting this home-based business as soon as possible.
Become an SEO Expert
Other than Digital Marketing, specialise in a niche marketing field called Search Engine Optimisation (SEO) where it’s easy to become an SEO expert with some tutorials on YouTube. Great home-based business where you can build your own agency without leaving your bedroom!
Understanding how SEO works and how to apply SEO for small websites to increase search rankings are valuable skills and services that website owners are willing to pay for.
If you’ve your own website for your business, not only will you depend less on SEO agencies, it will also result in less costs spent (when you can do SEO yourself) and also make better decisions on which agencies are driving results for you and your brand.
Understand how search engines work by taking up courses on Technical SEO, On-page SEO, Content Marketing and Off-page SEO. Once you’ve built up your technical competencies, you’re ready to start finding SEO clients where cold-calling is no longer needed today.
Note that SEO is much more than ranking for keywords and building backlinks – the true meaning of SEO is to provide your website visitors with an awesome user experience and give them what they’re looking for.
With this mindset, learning how to get SEO clients can be easily picked up.
Join Affiliate Marketing Programs
Affiliate marketing has always been portrayed as the money-making machine of making money anytime, anywhere – even while you’re asleep.
The most popular of them all is Amazon affiliates where an affiliate gets a commission for marketing another person’s, brand’s or company’s products. This is usually done by the affiliate using a platform, such as a popular website, blog, social media page, to do this.
Tracking of sales is done by a unique affiliate link, which is why sometimes you see strange links in your blog website’s comments section, or even your social media post if your profile is public.
A popular form of referral marketing, join only the legitimate, big programs if you want to get paid for your efforts. With low start-up costs, no product building or creation, easy to join, no trouble with shipping or returns (handled by the parent business), it’s an easy home-based business.
Of course, affiliate marketing comes with its flaws where you need some time to build a steady stream of traffic to your website in order to make a significant amount of money.
Your conversion rates may also decrease if the social media platform you’re on changes their algorithms, hence you need to understand how each platform works, which demographics of customers are on them and how to target them.
Our team here at StartupStorey (having tried several affiliate marketing programs ourselves) recommends that you choose a niche, research other websites that are already promoting your chosen niche products and then decide on a marketing plan on promoting these affiliate products.
Most of the time, building your own email list for your new home-based business is highly profitable because it gives you control over your subscribers. You could use a plethora of marketing strategies and platforms, but be sure not to stretch your resources too thin.
There is another way to start a home-based business where dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock.
Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
We wrote our experience on how we earned $10,000 a month dropshipping products.
Web Designing & Graphic Designing Services
Another thriving career that you can work from home is selling your design services, especially if you’re into graphic design. This can be as simple as creating a poster, logo for businesses, visuals for social media, album covers and so on.
There are over 350 million active websites on the Internet and graphic designers are always in demand. According to the US Bureau of Labour Statistics, graphic designers can earn as much as an average median salary of USD 52,000 a year.
How to become a graphic designer: There’s no need to earn a degree in graphic design. What’s more important is to gain experience at an agency, design firm and create a compelling portfolio that clients can view.
Start from Canva and work your way to Photoshop.
It is safe to classify blogging under the infotech industry simply because the internet is the major tool required to blog; blogging is all about educating or passing information to people via an internet portal.
Blogging is one of the means several people all over the world are making money from the internet. Blogging is all about creating usefully and perhaps educative content for a targeted audience on the internet.
Build a Local Classifieds Website
Classified sites have a bright future as more people in the world are looking at community forums and classified websites to search for products and services locally.
Classified websites were already a huge market before the Internet made them easily accessible. Buying used goods like furniture, mobile phones, musical Instruments and other niche products now become a walk in the park due to the emergence of online classifieds platforms.
Not only do they have huge demand, they can be built easily, hence an easy idea for your home-based business idea that you can start from home today.
How you make money: Earn through paid advertisements where you allow people to advertise on your website, either through direct ads placements, sponsored posts (guest posts), which can be profitable when your website gets a lot of visitors.
Tired of doing the work all by yourself? Take a look at Google Adsense, where you can display static sponsored advertisement banners on your website facilitated by Google’s Ad Network. Ensure that these ad placements do not interfere with your website experience.
Real time Twitter deals
It can be difficult to find great specials in a mall without visiting each and every store to see what they have.
Imagine if each of the stores could tweet real time specials to a single account, like @localmall, offering huge deals for a limited time. Customers watching their smartphones could be the first to reach a blowout sale.
Now imagine being the entrepreneur who goes to all the stores and explains how this works. Stores could sign up for free, and tweet to the mall’s real-time deals account (which you provide), but subscribe for premier accounts that allow for images, more tweets, promoted tweets, etc.
All you have to do is set up the tweet management system and promote the concept (and give us 5% when you sell for millions.
Mobile Corporate Coffee Barista
You could get office workers to put in their orders ahead of time via a website or app, and fulfil those orders when you arrive. Then, on to the next office.
Come back in the afternoon to give everyone a much needed boost.
New Meme Promoter
New memes pop onto the scene from time to time as they grab the attention of the big social networks and go viral. A good example is ‘Grumpy cat’.
Often, there is a substantial amount of money to be made by capitalizing on the popularity of these memes. And, the people responsible for setting new memes in motion aren’t necessarily equipped to generate revenue from their new-found online popularity.
Identify and promote new memes, helping them to go viral and generate profits – taking a performance based cut for your efforts.
Innovative Organizations Will Invest In Mentoring And Engagement For Remote Employees
As more businesses employ telecommuting strategies, it is easy to overlook employee development and training. Top performing companies will make a commitment to electronic tools to teach, monitor, and even mentor team members regardless of physical location.
These tools will enable team members to learn on their own schedule and get on-demand support whether it be technical issues, strategy, or sales tactics.
This type of career development will lead to more engaged employees, and will help to improve recruitment of millennials who tend to value skills development.
This will extend beyond just learning, but will provide tools to verify concepts, tie to additional clarification, and will track and report on progress to validate the investment.
This also means meeting your employees and customers where they want to find you. Many individuals extend their learning outside of traditional models.
Designing, building and maintaining call centres is a business in the info tech industry that is profitable and thriving going by the numbers of call centres that are established in the United States.
For this, you would need some IT certifications and trainings before you can successfully run this type of business.
The business involves call center software applications development and installation, and hardware installation as well.
Sale and servicing of IT equipment and machines
IT gadgets like servers, computers, fax machines, and routers et al are all machines that once in a while need to be serviced in order to enable them perform effectively and efficiently.
Thus, if you have related info tech training, then you should consider going into the sale and services of IT equipment and machines.
All you need to do is to be aggressive in marketing your services especially to corporate organizations and SMEs.
You can start your own online library (e – library) and attract membership from different parts of the world.
People pay registering fees and of course membership fees to make use of online libraries. If you’re looking towards starting a business in the info tech industry, then starting a well – equipped, then the library is one of your options.
Manufacturing computer & cell phone accessories
This is another thriving and profitable business in IT world. There is a large market for computer accessories such as laptop batteries, HDMI cables, webcams, external memory drives and cell phone accessories such as earphones, batteries, chargers, Bluetooth devices etc.
So, if you are looking into starting a business in tech industry, then this is one of your options.
Developing and selling software applications
In the T arena, one of your options is to start developing and selling software applications; there is a large market for software applications.
There are several smartphone apps that are very useful for our day to day activities. With the help of web developers or smartphone app developers, your business can get rolling.
Cloud computing place emphasis on web-based applications. It involves storing information in and retrieving it from remote but secure web-based servers, thereby allowing users to access information on the go without necessarily having to be with their office computers. There are huge profit opportunities for businesses that offer cloud-computing services.
With 3D printers, it’s possible to print the 3D model of an object from plastic, metal, or any other material. And not only can you see the output, but you will be able to touch it. Yes, that’s the next big thing in the print industry.
Start a Cleaning Business
Recommended by one of our readers, John:
“My wife started a home cleaning business a year ago with only $1,000 and it’s growing gangbusters!
Her business was profitable from the very first month and she now does over $30K/month in sales with a gross profit margin of 50%.
Since there’s very little overhead, she and her 2 business partners share the gross profit where each person gets about $5K+ per month.
If she replaced the 2 partners with full time employees, she would net $8K per month.
All workers are real employees with higher than average wages. No one is subcontracted. No one is paid under the table. Everything is done by the book. That’s very important.”
Everyone wants a clean home. Some will pay handsomely for it, as there’s now a shift towards working from home.
Quality and customer service are king. If your team shows up on time, does awesome work, and everyone’s friendly and responsive, then there’s no need to be the cheapest. You will always have customers.
Automation is critical. It helps reduce the administrative workload (website, calendar, payment processing, accounting software, payroll, etc is all tied together) and helps you scale.
All leads are generated from social so easy to start and stop at any time.
My wife is an attorney. Didn’t know much about cleaning nor starting a business. But she does now!
The cash flow from a “mundane” business like this one can be used to acquire other investments, like real estate rentals.
You can even build the business and sell the company for a nice payout.
Don’t know where to begin? Take a Personality Test!
If you’re thinking about starting a business and don’t know where to begin, it is important to conduct a self assessment of your skills, innate gifts, and past work experience to determine what direction you can take your business.
Knowing your innate gifts, strengths and weaknesses And using The Internet makes it possible to carve out a niche path towards building a business or a career that is based on value for the customer while making you feel that you have purpose in life.
It is important to assess your natural skills and personality type so that you can focus on what you’re naturally good and gifted at.
You will want to harness those skills, perhaps take online courses to educate and learn about how you can utilize your gifts and get paid for it.
In Google search bar type in “”free personality tests”, “Myers Briggs”, here’s an example:
Some people spin their wheels pusuing “jobs” or roles thst are mismatched resulting in job hopping,frustrations, low self esteem and go thru life existing and surviving but not enjoying “work”.
if you are technically inclined, consider offering social media services (set up services, or strategy and planning, or ongoing social media management); website development – learn how to build a website with WordPress; or learn SEO; there are many classes on Udemy Online Courses – Learn Anything, On Your Schedule or Virtual Assistant Training Center that will provide detailed training over each area.
Training and education is important before embarking on any type of business. As you go thru each course you will begin to form a vision of yourself and will see where you gravitate to and what gets you excited!
Before embarking on any role, Understand and define your Personal and Professional Branding.
What solution are you providing to a specific problem?
What do you want to be known for?
Do you want to be the “go to” person for specific services ?
Who will benefit from you and your services?
Once you decide on what business and services you’d like to provide, develop packages and set fees; how will you get paid?
You can use PayPal for generating invoices and make it easy for people to pay you. Or use Squareup.
Both tools are mobile friendly and Square also allows you to create a store.
Set up a branded online presence with a single theme, mobile responsive website that lists the value proposition of your business, packaged and fees and make it easy for the visitor to contact you.
Set up social media and list your business in local directories. Marketing your services through Social Media will help build your audience so consider what their pain points are and provide solutions thru educational content, short videos, inject humor if it’s appropriate, and offer deals
If all this is too much to deal with – keep it simple.
Some who travel frequently need someone to get their mail, water their plants and walk their dogs For days and weeks at a time.
Here you have a chance to get new clients, build trust and credibility with them, and have the flexibility to work when you want to work.
If you love to be outdoors, select a role where you can spend time outside. Dog walking, Landscaping, Tour guide etc are some to consider.
Visit websites of the services you’re thinking of offering and learn how those businesses use their website, blog, social media and local marketing to attract customers and engage with them.
These websites should give you an idea of a niche service that you can offer or complements other providers.
Keep in mind – you would need to get a business license in the city you plan to work in, under the Care website you can buy insurance and allow them to do a background check so you are an easy and safe hire, and you can upgrade to be seen above the free profiles.
Great business ideas ultimately comes down to solving a painful enough problem for one or many people. A job is you solving the problems of your boss, Facebook is solving the (small) problem of connection for many.
Look for a mix of skill + passion + time + hustle + connections = your great business idea. Always remember to ask yourself whether you could picture yourself working in a particular business or market day after day as you might make millions in fertiliser sales but be happy with your life.
If you’re interested in starting your own business, be sure not to miss this guide on everything you need to know about building your own business.