If you are tired of the corporate world and are seeking to be your own boss, here are 5 small businesses you can start from home
There is a growing number of entrepreneurs who launch new businesses from home. If you are tired of the corporate world and are seeking to be your own boss, here are 5 small businesses you can start from home with little to no investment capital to work with.
1. Marketplace Vendor
There are marketplace vendors on eBay and Amazon who regularly bring in six-figure incomes every year. Unfortunately, it does take time to build up to that level and there could be a few financial drawbacks which would require seeking fast small business loans. Amazon, for example, allows for merchants to utilize drop shipping affiliate listings but you must pay for the product before they will ship it. If it’s a larger order than you have money for, you may lose out on business and get poor customer reviews in the process. Always keep a channel for positive cash influx if you are going to start a business from home as a marketplace merchant.
2. Web Design
Being a web designer is one of the most in-demand businesses you can do from home. However, you will need to know coding and how to build a website unless you want to be limited to CMS platforms like WordPress. Some new web designers start out with WordPress or Joomla! templates in the beginning as they get more adept at building sites from the ground up. Either way, there is money to be made if you have clients in need of new websites or pages.
Copywriting is a huge part of marketing and if you are of a creative nature, you can easily write web content or blogs to earn an income. Again, the only thing you’ll need to get started is a computer and internet access. Just be prepared to subsidize your income in the very beginning. Work may be slow until you’ve earned a reputation as being fast, reliable and able to craft a well-written article.
4. Interior Design
If you have a design CAD program and perhaps a degree in interior design, there is no reason why you can’t run a home-based business. You will, at some point, need to meet with clients at their location, but the actual design work and office tasks can be handled from the comfort of your own home.
5. Virtual Assistant
The latest statistics listed on the Indeed.com website indicate that the average salary for a virtual assistant is approximately $42,000 per year, which roughly equates to $16.33 per hour. While not a high paying job in the scheme of things, it is one you can easily handle from home with nothing more than a fast computer and a reliable internet provider. Of course, you will need to be IT savvy as you may be required to do anything from handling blogs to social media along with scheduling appointments and any number of tasks which may be required of you.
There are so many home-based businesses that you could consider, but as long as you don’t need a manufacturing plant, there is no reason why you can’t build a lucrative home-based career. Take what you know and make it better as your own boss. This is how you’ll build a name for yourself in a business you are passionate about. These 5 are just examples. What would you like to do?