- Choose your business idea.
- Analyze the competition.
- Decide how you will be unique.
- Write your business plan.
- Line up financing.
- Name and register your business.
- Plan your marketing.
- Start making sales.
Category: Home based Business Resources & Ideas
Buy products in bulk and sell them online:
Many businesses center on the simple concept of importing products in bulk and selling them individually for a profit.
Maybe you recently traveled abroad and came across unique products that aren’t readily available in your market despite an appetite for them. Or maybe you’ve zeroed in on a niche and know the perfect products to serve its customers.
Either way, if these products are relatively easy to store and ship, you may have a solid home-based business idea on your hands. Blue light blocking glasses, for example, are small and durable enough to store in your own home.
Your home can even be used as an initial showroom—which is how Few Design Companies got its start—to sell locally, giving you the option to expand with additional storage space and employees as you validate your idea and sales start to ramp up.
Planning vacations has become much easier thanks to new online tools. But companies and large groups still need help when planning and organizing travel arrangements. If that’s something you enjoy, set up a business to offer your services.
Here are our best tips for establishing your travel agency off the ground.
Step 1: Prepare a plan for your travel business. ...
Step 2: Brand your travel business along with dealing in legal formalities. ...
Step 3: Manage your funding strategy. ...
Step 4: Pick a great location and hire employees.Ideas like becoming a personal trainer are great for fitness-loving entrepreneurs. Offer training sessions to clients out of your home gym or workout room. Or travel to clients’ homes. Some enterprising personal trainers take their business online. They provide training and fitness courses virtually through video conferencing apps like Skype. Get a few happy clients and your home business will grow through word of mouth referrals.
As home business ideas go, there are plenty of opportunities for designers to create and sell their own clothing from home. Whether you stitch intricate gowns, create hand-painted scarves or design t-shirts, the opportunities for earning from home are almost endless. Many people are willing to pay for unique wearable art. If you have a passion for fashion, and need to earn cash, make this your business.
Do your market research – before home-based business
You may think that your idea for your home-based business is unique. But unless you do some market research, you won’t know whether or not your market is already saturated. Market research can help you find a special angle for your product or service, giving you an edge over your competitors.
Whether you’re an expert in a certain subject matter, like calculus or biology, or you’ve secured top scores on standardized tests, like the SATs or MCATs, you may be able to share that knowledge with current students looking to get an edge.
So if you have a passion for teaching, are up to date on the formats and policies of the tests you plan to instruct students on, and feel comfortable handling the content, then it might be time to start an online tutoring business.
And just like with the rest of these online home business ideas, you can easily service customers over the phone or, in this case, a video conferencing program like Skype or Zoom.
If you’re a great writer, then you could make a great freelance writer. And best of all, freelance writers work from all over the world. Whether you want to sit in your neighborhood cafe all day or country-hop all year, this job could apply to you.
Of course, successful writers need to have a firm grasp on grammar and tone, superb editing chops and the ability to do their own research and synthesize content that they might be unfamiliar with. It could help if you become an expert in a few different fields, like technology or small-business finance, and it’s always important for all freelancers to know how to market themselves and network with potential customers.
You might be asked to write anything from a blog post series to an industry white paper, website copy or email newsletters. The more you’re familiar with, the better off you are.
And finally, don’t forego the possibility of writing your own e-books to sell on Amazon and similar websites. With basically zero publishing costs and low design costs, this is another way your writing can benefit your bank account directly. (You could even write an e-book about freelance writing — the possibilities are endless.)
Managing social media handles is another very popular idea of starting a home business. If you are well-versed with the technicalities of social media and how to grow there, you can get thousands of opportunities.
Everyone wants to make it big on social media and it is getting really competitive. Therefore, people are looking for social media managers who can manage their official accounts and save their time.
Popular social media platforms like Instagram, YouTube, Facebook, etc., is where you find all those people who want to manage their accounts. It is a lucrative job and you can even turn it into a highly profitable business.
Insurance agency and insurance agent are two different professions altogether. An insurance agent generally represents a company either part-time or full-time and sells products from a specific insurer only.
On the other hand, insurance agencies sell a wide range of insurance policies that cover life, medical expenses, homes and offices, automobiles, businesses, and other things.
An insurance agency sells products of several companies from India’s Public Sector Undertakings such as the Life Insurance Corporation of India (LIC), New India Assurance, National Insurance Co, Oriental Insurance Co as well as private firms such as HDFC Life, ICICI Prudential, Max Life and many more.
Whoever says that content writing requires proficiency in the English language, simply does not know the business. Admittedly English content remains in great demand among companies, blogs, newspapers, and websites.
However, in recent years, there is also a surge in the number of organizations and blogs that require content in the regional languages of India.
For entrepreneurs proficient in English, Hindi, and regional languages of India and having excellent grammar skills, content writing is a well paying online business from home without investment.
It means you will be researching and writing articles on themes and topics provided by your customer. You will require a computer with an Internet connection to launch this home-based business in India.
Tailoring is something anyone equipped with a good sewing machine can offer. For those who possess dressmaking skills, creating special garments for weddings and other occasions will fetch more income. You can tie-up with some nearby schools or kindergarten to supply uniforms to their students.
The simplest work in tailoring involves the alteration of clothes. With the trend of buying readymade garments online witnessing an upswing, thousands of people look for tailors who can alter clothes without damaging their style and pattern. This is a great home business idea from home if you love fashion.
India is a land rife with superstition and beliefs. Millions of Indians consult ‘Vastu’ and Feng Shui experts for advice on how to decorate their new homes or offices.
They also need such consultation while undergoing crises in life, which is often attributed to supernatural forces. Vastu is an ancient Indian tradition that deals with proper positioning and magnetic forces of the Earth while Feng Shui is its counterpart from China.
There are no significant courses that will make you a Vastu or Feng Shui expert. However, a vast array of books on these topics are available for learners. Vastu and Feng Shui consultants can earn between Rs. 800 to Rs.50,000 per day, depending upon your skills.
With mental and physical stress levels in Indian cities reaching a crescendo, a great demand for Yoga and meditation classes exists. You can offer Yoga and meditation classes at your home by holding a few classes daily at timings convenient to students, housewives, and working people.
Your investment in a Yoga and meditation class is very marginal and includes only mats and other paraphernalia required for practicing these ancient Indian sciences.
Generally, your students will bring along their own Yoga mats and other equipment. You can sell these from your home too.
Nowadays, it is easy to learn how to repair computers- meaning PCs and laptops. You will find cheap courses offered by institutes in every city and town. With some tools and electronic equipment required for the trade, you can embark on a business of repairing computers of individuals and companies.
Some of these repairs can be done at the premises of your customer while you may have to bring home computers that need extensive servicing.
Computer repairs is a good small home-based business idea in India for people living in semi-urban locations, where workshops offering such services are scarce or non-existent. You will save computer owners the hassle of taking their gear to large cities and long waits peculiar to large workshops.
Commonly called ‘Tiffin,’ the meal service, this is a great home-based business idea in India. Your home kitchen can easily be adapted to cook larger volumes of food for supplying clients.
However, this is a labor-intensive business, meaning, you will require helpers to clean and chop the raw material, pack cooked food in appropriate containers, and deliver them while hot to customers.
The demand for Tiffin service comes from working people, who require fresh meals delivered to the workplace or home. Depending upon your abilities, you can offer three meals a day- breakfast, lunch and dinner, on a home delivery basis.
Proficiency in the cuisine of any particular ethnicity is great since you can target a specific community for the ‘taste of home’. Alternatively, you can cook meals that suit a broad spectrum of palates.