Home-based small business ideas are a great solution for people who want to earn a little extra income working from home or who want to make their full-time job a work-at-home job.
When a business is home-based, it doesn’t require a lot of capital, which lowers the barrier of entry. You can brainstorm business ideas that utilize your existing skill set, so you don’t need to learn something entirely new. And you can typically launch a minimum viable product with little to no marketing, by utilizing your immediate social circle and existing business contacts.
To get you started, here are some business ideas that can form a great basis for your new work-from-home small business:
1. Virtual Assistant / Freelance Services
Virtual assistants range the gamut from providing a specific service such as marketing, graphic design, web design, IT support, or providing general secretarial services all from a home-based office. To get started, virtual assistants need a good marketing strategy, solid PC skills, and an internet connection. A Virtual Assistant Certification, like the program offered through VA Certified, can help prove your skills to clients. The International Virtual Assistants Association can provide more info, like an opportunity to connect with other VAs and member services.
2. Ghost Writer or Blogger
We live in a world where content is king, and the demand for ghostwriters and bloggers has taken off. If you have experience in a specific field and reasonable writing skills, you can turn that into a small blogging business. Many organizations are now offering blogger certification if you want to boost your credentials.
Ghostwriters typically have English or writing-related degrees and pursue ghostwriting instead of writing their own non-fiction or fiction novels. Ghostwriters have the Association of Ghostwriters or the International Association of Professional Ghost Writers, both of which offer member services and the ability to network with other ghostwriters.
3. Handcrafted Items
Got a knack for creating lovely handcrafted items? Turn it into a small business! You can take a part-time plunge into entrepreneurship by selling handcrafted items outside of the regular workday, or you can make this a full-time home-based business. You can try testing the waters on eBay or Etsy, and if you do well, you can expand your business.
If you’re an expert in your field, consulting is a great business for people who want flexible schedules or the ability to work from home. Consultants use their existing knowledge base to either advise businesses specialty or to do project-based work for the business. For example, a fund-raising consultant may be hired to discuss a grant application or may be hired to work with the organization, compile the data, and write the grant application herself.
The biggest skill you need as a consultant is the ability to make contacts and market your expertise. Many consultants belong to professional organizations within their field of expertise, but you can also join something like the Association of Professional Consultants, which provides referrals, events, and meetings.
Ultimately, if you’re thinking about starting a small business from home, you’ve got a lot of opportunities. The best home-based business ideas utilize your existing knowledge base or skill set and monetize them.
A home-based business enables you to take the plunge into entrepreneurship with very little capital investment while giving you the flexibility to work around other job or care-taking responsibilities.