Home based businesses are popular with entrepreneurs for many reasons. Startup costs are low, overhead is manageable, and work-life balance is easier. The problem for most is determining what type of business to start. The options are almost limitless. Some can be run solely online, while others work best as a mix of online and “in real life” interaction. Here are some possibilities and inspiration:
It sounds so broad, but jewelry-making, bow-making, and clothing are all big business. People pay a lot to look good and even more for their children to look nice. If they can look unique at the same time that is worth even more. Making boutique clothing for children with matching hair bows is not a unique idea, but the skills are not common to everyone and the payoff is the real deal. Jewelry-making is a hobby for many, but a few have the talent to make a real go at it. Any type of clothing or accessory that is unique and well-priced is going to do well in most cases. In these situations, the internet can be a fabulous way to increase sales and reach, while also keeping a finger on the pulse of the local market.
Offer a Service
Cleaning, lawn maintenance, landscaping, and even home decorating are all services for which people are willing to pay. If you can do it, why not let them pay you? This one may be a little more difficult to handle online, but a Facebook page or website, if handled correctly, could be useful for finding new clients and communicating with the ones you have. Word-of-mouth is the big marketing tool for these types of businesses. If you do a good job for a fair price, word will spread.
Not everyone can cook, and even fewer have the time to do so. Simply cooking everyday meals for others is a big business. If you have a talent for specialty items, such as birthday cakes, you could do even better. This is another instance where online marketing is a big deal, and world of mouth is even bigger. Consider Francesca Pitcher, who runs her own business, North Star Cakes, from her home. Her snake cake made such a stir that there was an article written about it. While that is a definite advertising boon, the fact that she made the cake for her daughter’s birthday party means all the parents of her daughter’s friends now know how talented she is as well, and they will tell others.
Even running a business from your home requires funding of some sort. Startup financing is available, and Biz2Credit can help you find the right lender for the job. Our extensive network includes a broad range of lenders that offer small business financing of all types. Visit Biz2Credit.com today to find out more.