Running around and keeping up with a hectic work schedule tends to get tiring. It is easy to feel like you are wasting your time on unproductive leads. A desk job can tie you down and curb your flexibility. In such role, you might wonder if it is possible to use your time more efficiently.
However, spending time at home also has its fair share of disadvantages. The biggest one is: you will not be able to earn an income while you stay at home doing nothing. In this article, we will be exploring some of the best home based businesses in the market:
What Is a Home Based Business?
A home-based business is a career that you can pursue from home. In this setup, you can earn a steady income without having to take up a full-time job. Technological advances have paved the way for innovation and increased the number of avenues for conducting business.
Having a home based business means you get to turn your home into your workplace. Home-based businesses do not come with any restrictions when it comes to the nature of your business or the methods of promoting it to people.
You are also under no obligation to hire employees unless the nature of your business demands it. Home-based businesses can be started and managed by one person and the decision regarding other factors like investments are totally dependent on you. (source: upwork.com)
Why Are Home Based Businesses Needed?
The home based business setup is gaining popularity because it gives you an equal chance to succeed in running your own venture. The internet has opened up industry and consumer markets to the next level; this requires a modern perspective of a business in general.
It is also a great opportunity for people who are not able to pursue a full-time job due to various reasons. Starting a business project of your own and putting your abilities to use is a good way to utilize your time productively.
For example, you may have given up your full-time job to raise your kids. With some free time on your hands, you can start hobby classes for other children. This will enable you to earn money out of this venture and also be present to address the needs of your children! (source: incfile.com)
Top 10 Home Based Businesses
While we are all aware of the various methods of earning money, it is not easy to choose the option that best suits our needs.
We have conducted extensive research on the kind of businesses you can pursue from home - without the need for a heavy financial investment. Here’s a list of potential home based business options; they have been put together for your convenience:
1. Become a Blogger
Blogging is now one of the most popular business tools on the market. Since we all shop at online stores today, we sometimes struggle with experiencing the product beforehand. This is where blogging comes in. You can just check out reviews and other information before diving in and making a decision.
If you are a blogger, you can write about anything and everything. A few popular examples include food, restaurant reviews, product reviews and even travel experiences. Readers are always looking for reliable first-hand information before buying things; this is where you will come in handy.
As a blogger, you can start writing about topics you are familiar with. As the time passes, you will be able to expand your knowledge on the subject while earning money through advertisements. You can also get invited to exclusive events and free product or service trials offered by marketers!
2. Indulge in Organic Farming
Organic products are the buzzword in the market today, with people being more inclined to buying products cultivated through organic techniques. These products also sell at a higher cost - a price people are willing to pay - thanks to the superior quality of fruits and vegetables.
You can start organic farming in your backyard by utilizing the unused flower beds. You can even create a space for cultivating fresh produce like herbs, vegetables, and seasonal fruits. If you love gardening, you now have the chance to convert your hobby into a profession!
It is very easy to sell organic produce and you do not have to worry about going to markets and haggling with vendors. Your products can be listed on websites that provide home delivery services to people.
You can also conduct workshops and activities for people who are keen to learn more about the nuances of gardening and cultivating their own kitchen garden.
3. Sell Homemade Condiments
There is always an added charm to homemade food. People living away from home have a chance to relish on pickles, jams and marmalade. Somehow, these are always more delicious when made at home instead of picked up at the supermarket.
While jams and jellies have always been popular with the masses, ground spices are also in great demand. There are the secret ingredients to some great tasting food. Freshly ground spices will always promote the quality of your food a notch higher.
Machine-produced food does not taste good; it can ruin the taste of the end product. It is time for you to pull out your grandmother’s recipe book and start learning the art of preparing your own spices and condiments.
There is a good amount of money up for grabs in this option due to the ever-increasing demand for fresh and quality food. In the scenario where adulterated food is on the rise, homemade spice and jam businesses will thrive easily.
4. Conduct Online Fitness Sessions
Holding a degree or certificate in fitness and nutrition? You can utilize your expertise by offering fitness sessions to consumers online. The internet is a useful tool for attracting consumers without having to promote your business door-to-door.
Since work schedules have become erratic and stress levels are on the rise, more and more people are now focusing on their health and nutrition requirements. For example, it may not be possible for people to attend a yoga class in the morning due to their hectic schedules.
An online session can help them practice workout sessions whenever they get time. Such an arrangement will also give you a chance to reach out to more people who are looking to sign up for a class that addresses their health concerns and also provides them with enough flexibility to practice.
5. Start a Creche
A creche is another opportunity to grow your business and make money from home. People now live in nuclear families where everyone has a job to attend every morning and needs someone to look after their tiny tots.
You can set up a creche at your home by investing in a few cradles, play mats, toys and other essentials. Make sure that your place is converted into a child-friendly zone that does not leave any scope for accidents.
A creche service can be managed from home; you will need to invest a few hours of your time every day to look after babies and infants. You have to shoulder some responsibilities - like keeping a track of their meal timings, teaching them some motor skills with the help of activities and putting them to sleep.
Though this setup requires some initial investment from your end, you can quickly convert this into a profitable business by providing a good service. You can even hire some help in the future as your business starts growing. (source: childcareaware.org)
6. Teach Music
Share your knowledge of music with people by starting your own music class. People need a hobby to rejuvenate after trying to keep up with a hectic schedule.
Art classes that offer painting, music, craft, singing and dancing lessons have become popular. It gives people a chance to explore their creative side and blow off some steam. It is a feel-good experience that distracts them from an otherwise mundane life.
If you can play a musical instrument - like the piano, guitar, violin or drums - you can easily start sharing your knowledge with people who are looking to cultivate a hobby. You can conduct these classes at home or over the internet.
7. Create Gifting and Stationery Products
This is another way to put your creativity into good use and it will help you earn money both online and offline. You can explore a wide range of homemade gifting and stationery products - like handmade candles, pens, books and diaries.
Handmade products are always more valuable than the ones that are mass produced and available in plenty in online and offline stores. They make a gift more personalized and people would be willing to pay more for exclusive gift items.
It is very easy to market your stuff today, thanks to the internet and its far reach. You can list your products on Amazon or eBay and find buyers. Additionally, you can participate in local exhibitions and markets to display your stuff to consumers who may be willing to buy them.
8. Offer Advisory Services
Freelancing jobs are ruling the market today, thanks to a demand for highly skilled individuals. It is not compulsory to get a full-time job to offer your services in the field of consulting and financial planning.
While self-help guides are available in plenty over the internet, it is not always possible for people to handle complicated stuff like numbers and calculations. They would prefer the assistance of someone who is qualified enough to give a sound opinion on their investments and financial holdings.
If you are an expert in filing tax returns or in offering services like planning and financial consulting, you can definitely try to establish your forte in the web world by lending a hand to those who need help.
9. Supply Baked Goodies
Today, the food industry is growing rapidly due to constant innovations in the gastronomical arena. Consumers are being provided with a wide variety of food items including entrees, mains, and desserts that keeps them asking for more.
If you have also been bitten by the culinary bug, you can definitely explore a business opportunity in this sector. If you are looking to start a home-based business in the food industry, baking is the best way to go.
You can bake and supply goodies such as cupcakes, macaroons, cookies, bread, and chocolates - to name a few. You can either sell them on home delivery websites or establish your own network using social media channels to take direct orders.
Additionally, you can also start a food blog of your own where you can display your collection, hold discussions on baking and even start conducting workshops to help more and more people get involved with their food.
10. Pet Sitter
This is another opportunity that is growing steadily. A lot of people own pets like dogs, cats, and birds at home. They need somebody to take care of their pets when they are away from home for long periods of time.
You can step into the role if you are great at handling pets. This can be started by arranging kennels at your place, taking the pets out for their scheduled walks, serving them food on time and more importantly, caring for them.
Pet owners can be asked to bear the cost of upkeep along with an extra payment directed to you for your service. You also have the option of taking care of pets at owners’ places in case you are not able to set up a facility for them at your house.
Earn and Grow
Now that we have gone through our best picks, it is time for you to decide which service you are willing to convert into a business. More importantly, you should be able to enjoy the business venture you choose to start.
These home based businesses do not necessarily require a huge capital investment, which is why they are very easy to start and manage as they grow. All you would need to thrive on are some patience, optimism and a good internet connection!