Top Online Small Business Ideas – Renting commercial real estate, storage, or office space can put enormous financial pressure on a new business. By contrast, many home business opportunities are quick and easy to start.
Some work-from-home business ideas require an initial investment to get started, and some require just $39. Also, some home-based businesses are easier to start if you can turn a spare room into an office or workshop; others are easy to manage from your dining room table.
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So what is the best work from home business idea for you? In this article, we will explore 10 of the best home business ideas that you can start quickly and easily.
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While there are countless ways to start a home-based business, here are 10 of the most affordable home-based business ideas to consider:
Do you love creating things at home? If you like crafts or art, why not sell your handmade products online? For example, you could:
Whatever you love to create, selling handmade products is a great way to turn a passion into a work-from-home business opportunity.
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If this home business idea has caught your eye, start by writing a list of everything you could create. Then, do some research online 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. Also, this is a home business idea with low startup costs.
Dropshipping is a type of e-commerce in which sellers do not need to buy or store the products they are selling. Instead, sellers partner with dropshipping providers who manage inventory and ship products directly to customers on the seller’s behalf.
The best part is that starting a dropshipping business from home is as easy as 1-2-3 thanks to dropshipping apps like DSers.
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Here’s why: You can use DSers to start selling dropshipping products online today; Just sign up for Shopify, install the Dsers app, and search for products to add to your store.
Similarly, if you like to create eye-catching art and designs but don’t want to make products yourself, you can start a print-on-demand business from home.
Print on demand is a type of dropshipping where you can sell custom products with your designs, 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, by selling the products one by one, you can increase the prices to create a profit margin.
Also, instead of selling products individually to consumers, you can also buy products in bulk and sell them to retailers in smaller quantities; this is called wholesale.
If you don’t have the time, or inclination, to set up a home-based business from scratch, you can always purchase an existing home-based business opportunity through the Exchange marketplace.
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This website makes it easy to sell eCommerce businesses in a variety of niches. Also, you can buy an established business or a relatively new business.
Get started by exploring the home-based business opportunities listed on the Exchange. When you find a business you like, consider contacting the buyer for more information. Then, if you decide to buy the business, Exchange will facilitate the… well, exchange.
On the other hand, if you want to start businesses but are not interested in growing them to their full potential, you can create and sell eCommerce businesses on the Exchange.
It is also possible to “turn around” businesses, or to put it another way, 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 every month to the same person? This is what subscription box companies like Birchbox do.
This home business idea is a fantastic way to generate sustainable income, thanks to the recurring income generated by continuous purchases.
Also, you don’t necessarily have to sell products, you can also rent them. For example, Haverdash rents clothes.
To get started with 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 insights via online video calls.
Popular subjects taught online include languages, math, science, and business. But there are no limits to what you can teach, so you could also teach things like music, sewing, or even do-it-yourself!
According to PayScale, most online teachers earn between $10.18 and $39.87 per hour, depending on their level of experience.
There are countless online teaching marketplaces that will help you connect with students and manage your classes, such as:
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Plus, there are plenty of feature-rich online teaching platforms to help you create amazing virtual learning experiences, such as:
The need for digital services is rampant: from designers and developers to digital marketers and cartoonists, virtually every talent is needed.
Some of these home business ideas offer more income potential than others. So, be sure to do your research to choose the right service-based home business idea for you.
To get started, consider signing up to a freelance marketplace like People Per Hour, Upwork, or Fiverr.
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If you’re proficient in a particular skill or subject and don’t want to teach online or provide a service, you can package your knowledge and expertise into a digital product.
Selling digital products is a fantastic home business idea because, like drop shipping, there’s no need to source or manage inventory or ship products to customers. Plus, once you’ve created a digital product, it costs nothing to replicate it.
For example, Gabriella and Andrew Morrison sell courses and house plans to help people build tiny houses on their Tiny House Build website.
If you love creating content, you can build an online following around a particular 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 could:
Once you have a relatively large number of followers or a lot of website traffic, how can you make money? In essence, there are three ways to monetize an online audience:
For example, Adam Enfroy created a blog that discusses many software products. In the image below, you can see the blog post of him checking out the Shopify platform:
This blog post contains Adam’s affiliate link to Shopify. As a result, every time someone reads the post, clicks on the affiliate link, and signs up with Shopify, Adam will receive a small sales commission.
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There are many ways online home business ideas make money. You can charge per product, create subscriptions, build affiliate links, and much more. Once you have decided on your business model, you can start thinking about the exact home business idea for you and get started.
There are tons of profitable home business ideas to choose from. So if you’re wondering, “What business can I start from home?” Here are 10 of the best home-based businesses to consider:
When deciding which home business opportunity to pursue, try to capitalize on any skills and experience you have, and consider following your interests or passions.
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Ready to start a business? Buy high-quality and unique products to sell online with Handshake, a wholesale marketplace powered by Shopify.
So if you’re quietly contemplating starting something of your own, here’s a list of the best online small business ideas that are within the reach of just about anyone willing to take the plunge. From social media manager to speech coach to interior design consultant, the options are endless.
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Here is the list of the best online business ideas to get you started right away. The best part is that all of these ideas have the potential to make money, which means you don’t need to validate them before you get started. If you are looking for the best online business to start, this is it.