Small business ideas

12 Profitable Home Based Business Ideas for 2022

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.

12 best Home Based Business Ideas to Start in 2022

1. Blogging

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

Printify

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.

4. Freelancing

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-

  • Fiverr
  • Upwork
  • 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-

  • Cookies
  • Brownies
  • Cakes
  • Pies
  • 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-

  • VIPKid
  • Chegg
  • Tutor.com
  • 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.

Pros

1) Low investment

2) Sell products and services all over the world

3) You will be your own boss

4) Flexibility

Cons

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.

Conclusion

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-

  1. Blogging
  2. Print on demand
  3. Affiliate marketing
  4. Freelancing
  5. Content writing
  6. Digital marketing
  7. Home bakery
  8. Online tutoring
  9. Reselling business
  10. Virtual assistant
  11. Online fitness trainer
  12. 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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 Moreover, if you have any suggestions or query, feel free to put them in the comment section. I will be happy to hear from you.

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Bye bye…..and keep hustling,

MAKE MONEY ONLINE AND START A DROPSHIPPING BUSINESS

How To Start a Dropshipping Business in 2022 and Make Money

Dropshipping is an awesome business idea to start your entrepreneurial journey in 2022. Dropshipping is one of the simplest business to make money. A dropshipping business allows to sell products to cutomers, set your own price , market the product and no requirement to hold the product in an inventory.

Although its seems to be easy but due to very low entry barriers there are huge competition in some market places. Therefore before starting a dropshipping business choosing the right product and a right platform to sell and a right way to market the product.

If you are serious about starting a dropshipping business then this article can help you to know more about a dropshipping business and how to start one and get success by doing right things and avoiding the wrong things.

At first let us understand what is a dropshipping business and it works?

What Is Dropshipping?

Dropshipping business is an online retail business model which is quite different from traditional retail business where you are required to hold an inventory with you.

 As a dropshipper you need not to worry about keeping stock in your inventory, packaging and shipping your products all you need to do is take orders from customer and transfer the orders and shipment details to the manufacturer or wholesalers you are working with who will then ship the good directly to the cutomer.

How Dropshipping Business Works?

START A ONLINE DROPSHIPPING BUSINESS

A Dropshipping business is an online retail business which requires 3 key elements to work- retailer(you), manufacturer and customer.

As an online retailer or dropshipper you will be responsible for choosing products, marketing them and finding a rightly calculated selling price for the products you are selling so than it can cover the shipping expenses and wholesale cost that you will be paying to your wholesaler or manufacturer and at last can make you a profit.

As the dropshipper or retailer you will have to choose an online platform through which you will be selling your goods, for example the online platforms can be created by-

Building an e-commerce website, or

You can open a marketplace on Facebook, instagram, Shopify or other social media platforms

Finding a good manufacturer or wholesaler is very important for  dropshipping business and make it a success. The manufacturer or the wholesaler will be holding the stock of goods with them i.e, the retailer(you) will not be keeping the goods in an inventory. The wholesaler will also be carrying out the shipping process.

The customer will be buying the products directly from the retailer(you) and the retailer or the dropshipper will have to answer all the queries and issues the customer will have regarding the product.

How to Start a Dropshipping Business in 2022

If you are willing to start a dropshipping business in 2020 then you must follow these steps-

Choose a niche for your business

Finding a focused business idea or niche is very important for a dropshipping business because it is the main ingredient of a successful business.

You will often find people talking about dropshipping say that choose a niche which you are passionate about and that’s all but you must know that it is not the truth there many other factors which are need to be considered before selecting the right niche for your business such as-

Find products which are In trend and actively searched by people, if the product you are selling is not in demand or demand for the product is pretty low and out of trend then your business will not sustain.

The ultimate goal of a business is to make money, therefore selecting a profitable niche is very important which can make you a good profit after covering all the marketing and shipping expenses.

Choose a product which is small and lightweight as the shipping cost will be less for light products. If the shipping cost of your product will be high, it will directly impact your product pricing which may lead to loss of customer interest.

Never select a product which is seasonal instead select something which will be in demand for the whole year.                                                                                                                                                            For example- if you choose to sell umbrellas it will only sell during rainy seasons or if you start selling summer accessories then you will be getting sales only during summer seasons but instead of these seasonal items you choose to sell products such as mobile covers, jewellery, home decoration items, etc. which are in demand all over the year it will much good for your dropshipping business.

Sell an item which is not easily available in offline or online market.

Competitor research

When you start a dropshipping business the second important thing after selecting a niche you should consider doing for your business is doing a research of your competitor, i.e what products they are selling and where they are selling them and also their marketing strategies.

After some research you will find that there some of the product which have very low or zero competition. It might seem right to start with these products but when you dig deep you will find out that the reason for the product to have very low competition in the market can be because of its high price and low demand by customers or high shipping cost of the product due to which people are avoiding to sell.

Often selecting a competitive product with high demand is good for a dropshipping business but your marketing strategy and selling platform should be the best.

Find a Supplier

It is very important to find and secure a good supplier for your dropshipping business as its one of the key elements of a dropshipping business. Having the wrong supplier can make your business a flop.

Therefore you should never rush while finding a supplier you should talk to the suppler and make sure that you will comfortable working with the particular supplier before partnering with them. Find a supplier who can increase their production capacity with increase in sales and growth of your dropshipping business.

Build an online dropshipping business store

After you select a product you want to sell, securing a supplier for you and when you are done with your competitor research now is the time to select a way or place you want to sell the product.

These are the ways you can start selling your products online-

Build your own e-commerce website

Sell on social media platforms like facebook and instagram

Applying good marketing strategies

Now when you are all set for your dropshipping business it is important to let the people know about your products. If you are not able to attract potential customers to your online dropshipping business store then you will not get the sales you want.

There are several ways to promote your dropshipping business and attract potential buyers to your business, some of them are paid such as starting a Facebook Ad campaign, Google ads, Social Media Influencer Marketing, etc and some of them are free but requires some effort and time. Some of the free ways of marketing your product are Content Marketing, Social Media Marketing, Email Marketing, etc.

These are some of the steps you should follow and knowledge you should have before starting a drop shipping business