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Top 10 Business Ideas You Can Do From Home

 

By Felix Osezua Oct 04, 2023

 

Some of the greatest small businesses can be run from home, and some don’t even require you to move away from your computer table. Many great online businesses can be done full-time from home with little capital.

 

Business woman working from home

 

If you are looking for a home business to start, this article gives a list of 10 business ideas that can be launched in 2023 while staying at home.

 

At Glance

 

● If you want to start your own business from home, you don’t have to buy a property or hire employees.

 

● Some funding sources you can leverage for your business idea include Bootstrapping, crowdfunding, Angel investment, and venture capital.

 

● It's crucial to conduct thorough market research on your chosen business idea before embarking on your entrepreneurial journey.

 

 

Top Business Ideas You Can Do From Home

 

1. Open an e-commerce store

 

The best business you can do from home is an e-commerce business. There are so many options to choose from, making it easy for everyone to reach their target audience regardless of the niches. 

 

Do you plan on selling handmade arts, crafts, or jewellery? Etsy is the perfect platform for that. Want to sell shirts and other clothing products? You could get a website built using web development skills or hire a development agency for it.

 

No matter what you pick, it’s all up to you. You have the power to open an online store and start advertising through Google PPC and social media ads. Especially if it’s a dropshipping business where all you need is an internet connection and good business sense.

 

2. Begin a brand in Affiliate Marketing

 

Have you already built a fan base through social media or an online store? You might want to consider starting your own affiliate marketing business on the side. Aside from passive income, there is little labour involved.

 

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It comes as no surprise that all you need to start is your blog and partner with other sellers. In return for clicks and purchases made through these links, you receive a portion of the profits.

 

It’s simple to join programs like Amazon’s Affiliate Program as well as any other large program out there. However, generating real income from customers will take some time.

 

Your blog won’t be enough either, you’ll need readers to see and click those links in the first place. While this isn’t a primary venture for most people, it can serve as a great side hustle for anyone who wants to make money at home.

 

3. Do a Virtual Assistant Job

 

Have you ever been a secretary or an office assistant in the past? If yes, you can do that same job from home as a virtual assistant.

 

As a virtual assistant, you’ll be doing everything that you did in your old job, only this time while sitting at home in your computer chair, using a phone headset and webcam.

 

Not having a four-year degree doesn’t mean that you can’t make good money as a virtual assistant. However, with more experience comes higher rates and more money. So before applying to jobs make sure to spruce up your resume.

 

4. Become a freelancer

 

You probably have one or two skills that you learned from your previous careers or college days right? Well if you do, then you can earn from them through freelance.

 

There’s an abundance of work on gig platforms like Fiverr and Upwork for people who have experience and skills they can sell.

 

Below is a list of 3 ways to start a freelancing home-based business:

 

● Use your skills in freelance writing.

● Start web development and programming.

● Freelance graphic design.

 

Being your own boss is something most people dream about. The goal as a freelancer is to grow a list of clients that mirrors the kind found at a traditional agency or enterprise that could enable you to dominate your market. You will make much more income than you would at any 9-5 job.

 

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5. Open a daycare center

 

It’d be easier to open a daycare centre if you already have kids or maybe just like watching them, but this can easily be done by anyone who’s willing to put in the effort and time. By starting small and advertising your services to friends and family, through good recommendations and reviews, soon enough you’ll have couples dropping off their kids for you to care for and grow with them.

 

Like many businesses in this industry, establishing yours may take some time. Positive reviews from satisfied clients will eventually help you attract new customers outside your immediate social circle

 

Daycare service is one of the best ways to make money without leaving your home. It’s a great option for people who want to run a business, but don’t have the capital to start.

 

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6. Leverage your passion for animals with pet sitting

 

You can create a pet-sitting business by using platforms like Rover. This is also ideal if you’re an animal person and looking for ways to monetize that passion. The reason why this works is because there are always busy pet owners who need someone reliable to take care of their furry friends.

 

It’s relatively easy to start and doesn’t require a lot of money upfront. You just have to get basic necessities such as leashes, food, and treats.

 

It’s important to go the extra mile so you can generate a significant income with this endeavour.

 

7. Consider hosting an Airbnb

 

If you’ve always wanted to run a hospitality establishment or show your homemaking skills, then a home hosting business could be for you. 

 

Airbnb gives you the opportunity to rent out entire properties or specific rooms for short periods, ranging from days to weeks. You can even make some good money off of this if your property is near a prime location like downtown or in a beautiful rural area. 

 

Also, know that this requires a hefty amount of work too. As a host, it’s going to be up to you to clean up after your guests and ensure they have a welcoming experience at your place.

 

8. Launch a podcast

 

Podcasting can be an effective way to establish a subsidiary business.

 

The opportunity for entrepreneurs to monetize their already existing online brand to make money through this podcast is also there. The modern era has ushered in a wave of new ways to consume content, and podcasts are leading the charge. Whether you’re into fitness or entrepreneurship, creating your own show may help you reach new people and give them something they’re already consuming.

 

One of the many benefits is that it’s easy to get started. All you really need is a microphone and a topic. Then you can record yourself talking for as long as you want and upload it wherever people listen.

 

The hard part is getting people to care about what you’re saying. Just like with anything you create online, it’s nearly impossible to get noticed by just posting your work on platforms. The internet is too big and there’s so much noise that nobody can hear what they don’t try to listen for.

 

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However, if you already have an established presence then podcasting could be great for you. If not then there’s always the option of growing one from scratch, but keep in mind that it will most likely take longer than if you had one when starting out.

 

9. Provide social media management services

 

Almost every business now has a major presence across several social media platforms such as Facebook, Instagram, and TikTok for the purpose of engaging with their users and consumers alike. But handling all this social media can be a challenge for many companies, and it gets worse when companies must consistently produce new content.

 

Social media managers take on the responsibility of monitoring social media activity from literally anywhere as long as they have an internet connection. They oversee all marketing materials, reply to comments and complaints, and keep everything organized and updated. If you possess the necessary skills and have relevant experience, there are plenty of companies that would hire you.

 

10. Start a cleaning service

 

People with big houses often don’t have time to clean themselves because of their demanding careers. You could fill that gap by starting your own cleaning service and making good money out of it.

 

First things first — get yourself some cleaning supplies and some kind of vehicle, like a van or truck for example. Then advertise your services around the neighbourhood.

 

Eventually, you’ll grow your business enough that you might need employees or even an office space. On the other hand, you can keep operations small and manageable by solely managing the business yourself.

 

How To Get Funding for Your Business

 

Once you have been able to pick a business idea you can do from home, the next step is to look for funding. There are many ways to go about this:

 

1. Bootstrapping: Fund your business out of pocket or with profits from sales. You maintain full control of the company but risk is high and growth may be slow.

 

2. Crowdfunding: Raise money by asking for small amounts from many people, usually through the Internet. This method gives you money of course but it also creates organic marketing and validates your idea.

 

3. Angel investments: Get funds from rich people who like to gamble money on businesses that they believe will succeed with it. Instead of money, they might take shares in the business.

 

4. Venture capital: These are funnels for institutional funds into startups and small businesses with high growth potential. Typical investments are much larger than Angel investments, but the investor will expect an equity share and a degree of managerial control.

 

 

Aspiring entrepreneurs need to remain persistent, flexible and patient.

 

There are many things to look out for when starting any business endeavour. While starting a business can be a great experience, it can also be tough at times. Too many young entrepreneurs get hung up by how much work goes into building a business from scratch.

 

That’s why it’s advisable to conduct thorough research before quitting your day job. Doing this will enable you to assess the strength and potential of your business idea and increase your chances of starting a small business that thrives.

 

 

 
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