Looking for profitable business ideas from home with low startup cost? You are at the right place.
When you think of starting a business it seems to be a very complicated thing to do especially when you have limited capital and time to invest.
Just because you are a parent or a student and you have a full time job, you have limitations for funds.
It doesn’t mean that you cannot start your entrepreneurial journey.
With the advancement of technology and communication it has become much easier and affordable to run an online business from home.
If you have the willingness to work hard and if you want to pursue your passion of becoming your own boss but the lack of business ideas is pulling you back,
I have got you covered.
I have created a 12 amazing home based business ideas list which you can start with very little investment and run from your home.
Now, let’s get started.
Blogging is really an amazing way to make money online.
Blogging is writing article on topics you are interested in and sharing it with people all over the globe. If you like to write articles and help people for their certain problems then blogging can be a great option for you.
You can start blogging as a side hustle and grow it into a full time business with time and effort.
To start a blog, first you have to buy a hosting which you can literally get under $100 from Bluehost.
Then you have to install wordpress and start creating Seo optimized articles.
You can then share your articles over different social media platforms to start getting traffic.
Once your blog generates enough traffic, you can monetize it with multiple monetization strategies such as Google adsense, affiliate marketing, sponsored posts, your own products and services, etc.
Blogging is a perfect business idea which asks for only 3 to 4 hours of your day and a very minimal investment
Which make it ideal for students, people with 9 to 5 jobs and also for moms.
2. Print on demand
Print on demand is an order fulfilment method where items are printed as soon as the order is made.
Print on demand business idea is similar to a drop shipping business.
You sell your own custom designs on different types of products such as tshirts, hoodies, notebook, stickers, mugs, etc.
Unlike any traditional business you don’t have to take care of inventory as the supplier will handle the production and logistic side.
To start a POD business you can work with a print on demand company which will take care of printing, designing, editing, and shipping.
2 of the most popular print on demand companies are-Printful
You can then use this pod services directly from your Shopify store.
Starting a print on demand business may cost you under $60 to $70 which is very good.
3. Affiliate Marketing
Affiliate marketing is one of the most legit small business ideas to start from your home.
Affiliate marketing is promoting a product of another company through a unique affiliate link and earning commission when someone purchases the product from your link.
You don’t need to have your own product, there is tension of shipping, you just promote the right product to right people and earn money, Isn’t that easy.
As an affiliate marketer you can promote both digital and physical products.
Digital products have much higher commission rates than physical products.
You can either join an affiliate network like clickbank, commission junction where you can choose a product related to your niche among hundreds of other digital products or,
You can directly go to an official website of a product which you want to promote and join their affiliate programme.
In case of physical products you sign up for amazon associates.
There mainly two ways of promoting a product,
First one is the free way.
If you don’t want to invest money in ads then this is for you
Second one is paid way.
If you have some money to invest in ads then this is for way. It lets to generate sale much faster.
Freelancing is providing different services related to your skills or expertise to people all over the world while sitting at your home.
It gives you the flexibility to work at any time and from anywhere.
According to ZipRecruiter the average annual pay for a freelance job in the US is $67169.
The demand for freelancers is growing every day.
Some of the places to find clients for freelancing are-
- Facebook groups and communities
You can start as an individual and slowly expand your team and even start a freelancing firm when you start getting more clients and projects.
Most in demand freelance skills 2021 –
- Web designing and development
- Programming and software development
- Copy writing
- Video editing
- Graphic designing
- Social Media management.
These are some of the highest paid and most demanded freelancing skills which you can learn and provide services to people based on this skills.
5. Content writing
Content writing is creating content which is in written form to help a specific audience regarding a specific problem.
There are a lot of businesses, digital marketing agencies, blog owners and even individual people who have to create a lot of content.
For this they hire content writers.
Now, content writing can of different forms, such as
- Copy writing
- Resume writing
- Technical writing
The form of content writing you will do, depends on your expertise.
It doesn’t mean that you have to be an expert in something, content writing can be a great way to make money online even if you are a complete beginner
There is zero investment required to start this small business.
Related- How to become a content writer (with some important tips for aspiring content writers)
6. Digital Marketing
Marketing is the most vital part of a business and digital marketing is the present and future of marketing.
Every business want to have a string online presence but because of increasing competition it has become much harder.
This is where digital marketing comes into play. Digital marketing is using different digital channels like Blogs, Seo, Email marketing, Social media and display ads to generate leads and build brand awareness.
Most of the small to medium sized and even some large companies would like to outsource digital marketing services rather spending more money in establishing an in house team.
If you understand the concepts of digital marketing the starting a digital marketing business can be a great small business idea for you.
Starting a digital marketing business may cost you more when compared to other business ideas on this list.
Again it depends on you how you want to start.
For example you can start from your home instead of renting an office or working space or you can hire freelancer for a specific work instead of full time employees.
7. Home bakery
Not as complicated as digital marketing therefore starting a home based bakery business is a much easier small business idea.
If you bake a lot you might already have the required equipment and expertise then why not make some cash out of it.
This will allow you make money out of something you are passionate about and it is one of the best feelings in the world.
When it comes to home baking you can sell a variety of food item like-
- Breads, etc
You can sell them through local food stores, through restaurants or even to consumers online by using delivery services.
Before you start a bakery business make sure you find out the laws and regulations of your state regarding food service businesses.
8. Online Tutoring
Online tutoring is an awesome way to make money from home for someone who is passionate about teaching and have good command over k-12 subjects or a language.
Every parent would like to pay some-one who can help their child with a particular subject to score better in exams.
As an online tutor you can to teach a student who can be sitting in any part of the world via video calling.
Getting online tutoring jobs is much easier with the help of online tutor providing companies.
Some of the popular companies where you can get an online tutoring job are-
- Magic Ears
The average hourly earnings of an online tutor in America is $20 to $30.
9. Reselling business
When we are talking about small business ideas from home then we cannot miss reselling business.
Reselling is sourcing products from manufacturer or wholesalers and selling them to the end consumer with an intension of making profit.
To become successful in reselling business you should find products which are in demand in your country but not easily available in the market.
You can research on Alibaba to find some unique products, also you can contact other suppliers in your country through social media.
Further to sell this products online you can create an shopify store and other social media accounts.
10. Virtual assistant
A Virtual Assistant is someone who provide their support and services to other businesses from outside the client’s office.
You as a Virtual Assistant will be asked to do office and administrative type works, you can provide your services to any business all over the world from remote location.
There are many medium, small and even large businesses who want a person to help them out in organizing their daily work but they don’t want to hire a full time employee.
As a beginner you can expect a rate of $10 to $25 per hour.
11. Online Fitness trainer
If you are a fitness enthusiast and lifting weights for quite a long time then it can be a great small business idea for you to start.
You can take a specialized course of a fitness trainer from a good gym or fitness institute before you start your fitness training business.
There are a lot of such gyms and institute where can take a fitness trainers course and become a certified fitness trainer.
As an online fitness trainer you will be guiding people with the exercise techniques, diet and other supplements and get paid for it.
12. Sell home made goods
If you are good at making DIY soaps, gift box, candles or eatables like pickle, sauces, etc then it is a good small business idea to start.
These business ideas can mostly for peoples with creative skills and can be started with very low investment.
This is an awesome way to turn your hobby into money making online business
You can sell your handmade items on third party market places like Amazon, Etsy and Ebay. OR
You can create your own online store using Shopify.
These are some of the best business to start with little money from your home.
Pros and Cons of small business ideas
Just like everything and everyone in this world, small businesses also have their pros and cons.
1) Low investment
2) Sell products and services all over the world
3) You will be your own boss
1) You have to work harder
2) Have to manage everything on your own
3) It may take more time than your expectations to make profits.
These home based small business ideas are easy to start, flexible to run, requires less investment and the most important part is it lets you to start your entrepreneurial journey.
In this blog post I have covered 12 best small business ideas to start in 2021 which are-
- Print on demand
- Affiliate marketing
- Content writing
- Digital marketing
- Home bakery
- Online tutoring
- Reselling business
- Virtual assistant
- Online fitness trainer
- Sell home made goods
Before you go for any of these ideas make sure you do your research and ask yourself if you are ready to put in the hard work and sacrifice which entrepreneurship demands.
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Bye bye…..and keep hustling,