Profitable Home Based Business Ideas – Renting commercial real estate, warehouse or office space can put a huge financial burden on a new business. In contrast, many home business opportunities are quick and easy to start.
Some work-from-home business ideas require an upfront investment to get the ball rolling — and some require as little as $39. Also, some home businesses are easier to start if you can turn a spare bedroom into an office or workshop – others are easier from your dining room table.
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So what is the best work at home business idea for you? In this article, we will discuss the top 10 home business ideas that you can start quickly and easily.
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(Disclosure: This website is part of Shopify Inc. Media Properties. While we strive to publish objective, accurate and factual content, this article may contain biased opinions.)
While there are many ways to start a home business, here are 10 of the most affordable home business ideas to consider:
Do you love making things at home? If you love crafts or art, why not sell your handmade products online? For example, you can:
Whatever you love to create, selling handmade products is a great way to turn your passion into a home business.
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If this home business idea catches your eye, start by making a list of everything you can create. Then, do some online research to see what other people are selling.
If you like the idea of running an online store but aren’t sure what to sell, consider starting a dropshipping business from home. In addition, it is a home business idea with low start-up costs.
Dropshipping is a type of e-commerce in which sellers do not need to purchase or store the products they sell. Instead, sellers partner with dropshipping suppliers who manage inventory and ship products directly to customers on behalf of the seller.
The best part is that starting a dropshipping business from home is as easy as 1-2-3 thanks to apps like DSers.
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Here’s why: You can use DSers to start selling imported products online today—just sign up for Shopify, install the Dsers app, and search for products to add to your store.
Likewise, if you enjoy creating art and visual designs but don’t want to make the products yourself, you can start a print-on-demand business from home.
Print-on-demand is a type of dropshipping where you can sell products that are customized with your design, such as:
To start this work-from-home business idea, sign up for a Shopify account and choose a print-on-demand app to install, such as:
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Another way to sell products online is to buy products in bulk – also known as “wholesale” – and sell them individually.
When you buy products in bulk, you can get a lower cost per unit than if you buy them individually. Then, as you sell the products one by one, you will be able to increase the prices to create a profit margin.
Also, instead of selling products individually to customers, you can also buy products in bulk and sell them to retailers in small quantities – this is called wholesaling.
If you don’t have the time – or the inclination – to start a home business from scratch, you can always purchase an existing home business opportunity through the Exchange Marketplace.
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This website helps to sell e-commerce businesses in various niches. In addition, you can buy an established business or a relatively new business.
Start by looking at home business opportunities listed on the Exchange. When you find a business you like, consider contacting the buyer to find out more. Then, if you decide to buy a business, Exchange will help… well, exchange.
On the other hand, if you want to start a business but are not interested in growing them to their full potential, you can create and sell an e-commerce business on Exchange.
It is also possible to “flip” a business – or to put it another way, to buy a business, improve it and then sell it for a profit.
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Why sell one product at a time when you can sell a bundle of products to the same person every month? That’s what subscription box businesses like Birchbox do.
This home business idea is a fantastic way to build a sustainable income thanks to the recurring income generated from your constant purchases.
Moreover, you don’t necessarily have to sell products – you can also rent them. For example, he rents clothes in Haverda.
To start this home business idea, sign up for Shopify and use the built-in subscription management tools.
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If you have in-demand skills or knowledge and a talent for teaching, consider sharing your knowledge through online video calls
Popular subjects taught online include languages, maths, science and business. But there are no limits to what you can teach, so you can also teach things like music, sewing or even DIY!
According to PayScale, most online tutors earn between $10.18 and $39.87 an hour, depending on their experience level.
There are many online learning marketplaces that can help you connect with students and manage your classes, such as:
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Additionally, there are plenty of feature-rich online learning platforms that can help you create incredible virtual learning experiences, such as:
The need for digital services is comprehensive – from designers and developers to digital marketers and doodlers, virtually every talent is needed.
Some of these home business ideas offer more income potential than others. So make sure you do your research to choose the right service based home business idea for you.
To get started, consider signing up for a freelance marketplace like People Per Hour, Upwork, or Fiverr.
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If you’ve mastered a particular skill or subject and don’t want to teach or provide a service online, you can package your knowledge and experience into a digital product.
Selling digital products is a fantastic home business idea because – like dropshipping – there’s no need to source or manage inventory or ship products to customers. In addition, once a digital product is created, it is not worth repeating.
For example, Gabriella and Andrew Morrison sell courses and house plans to help people build tiny houses on their website Tiny House Build.
If you love creating content, you can build an online following around a specific topic or niche and monetize your audience.
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If you are interested in this home business idea, you need to choose a way to build an audience. Now, there are many ways to build a following online – for example, you can:
Once you have a relatively large following or a lot of website traffic, how can you make money? Essentially, there are three ways to monetize an online audience:
For example, Adam Enfroy created a blog that reviews many software products. In the image below, you can see his blog post that reviews the Shopify platform:
This blog post contains an affiliate link from Adam on Shopify. As a result, when someone reads the post, clicks on the affiliate link, and signs up for Shopify, Adam will earn a small sales commission.
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There are many ways that online home business ideas can make money. You can pay per product, create subscriptions, create affiliate links and much more. Once you have decided on your business model, you can start developing your home business idea and get started.
There are plenty of profitable home business ideas to choose from. So if you’re wondering, “What business can I start from home?” Here are the top 10 home businesses to consider:
When deciding which home business opportunity to pursue, try to use your skills and experience – and consider your interests or passions.
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Considering a small business idea from home can be an exciting and fulfilling way to turn your passions and skills into a career. It can also be a great way to earn extra income while maintaining the flexibility and freedom of working from home. If you were looking for a list of the most profitable small business ideas from home, this article will probably help you choose one.
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However, it can be difficult to come up with a small business idea that is both profitable and feasible to run from home.
Starting a business from home usually requires less capital than starting a traditional brick and mortar business. You can also save on overhead costs such as rent, utilities and maintenance.
A home-based business allows you to create your own schedule and work at your own pace. This can be especially attractive to those with young children or other responsibilities that make it difficult to work traditionally.