Ideas You Can Start a Home Business From by Mel Feller

Mel Feller
Sep 9, 2018 · 4 min read
Mel Feller Loves Home Based Businesses!

Where once the prospect of owning a small business seemed a venture only the brave dared to take on, now anyone can have a go at turning his or her dreams into business realities. In fact, in 2017, the United States reached a new record in the number of entrepreneurs starting their own businesses: 5.5 million. In addition, the enterprising spirit of Americans has meant good things for far more than just self-made CEOs, small and medium-sized businesses have driven more than 70% of employment in the private sector since 2015.

Therefore, if you are thinking of trying your hand at being an entrepreneur, there is no better time! When it comes to precisely how to set up a business, do not be overwhelmed, your initial idea does not have to be grand, or even all that serious, Dart’s Club, anyone, the most successful business ideas aren’t always the most obvious. So long as it can generate interest and make people want to spend some money, you might just be onto a winner. However, do not worry if you are not about running a club location in Dallas’s most lively neighborhood. There are plenty home based business ideas you can try, letting you make money from your own spare room.

Here is my rundown of some of the best small business ideas:

B and B — Home Rentals

Rather than run a small business from home, how about making your home your small business? In the age of Airbnb, anyone can rent out his or her home, or just a room, to anyone who is willing to pay. However, you do not need to rely on other businesses to get your own venture off the ground. B and B’s are a $4 billion industry and while owning a B and B is no easy task, but the rewards are all there in the form of paying guests. In addition, do it right, guests that will keep returning!

Offering a boutique yet homely feel that hotels cannot quite match, the modern B and B has truly upped its game when it comes to high standards of accommodation. All you need to do is make sure you are offering something guests will want to experience over a generic hotel room. If you have a property to play with, then you need to give it a real sense of identity and style. Many B and B’s design each room exclusively, even letting guests pick precisely which room they want to stay in. Themed rooms, individual rooms and bathtubs in the bedrooms are all little touches of novelty or luxury that guests are willing to pay for; just make sure you’re all set up to take their payments, too! Get the word out on social media to your local area and on your own website.

Sell Your Creations

Harness the power of the internet, rent a stall at the hundreds of craft markets hosted every week, start your own online store with E Commerce.

If you make something you think people will be happy to pay for, then you can start a small business. If you are a baker, see if you can sell your handmade creations to local cafes, if you are an artist see if any local bars, coffee shops or libraries are offering space for you to show your work. ‘Indie shopping’ is seriously in-fashion, so whether it is t-shirts, jewelry or printed phone cases, you’re bound to find new customers and followers once you get the word out.

Virtual Assistant

Be a VA from the comfort of your very own home. Gone now are the days of a personal assistant having to follow his or her boss around like a shadow, virtual assistants are increasingly popular alternatives to having staff in an office. Who knows, you could be serving as a dynamic helping hand to multiple other small businesses, all while building up your own business as a virtual assistant.

Freelance Writer

A popular choice among more eloquent types, freelance writing has always been near the top of the list when it comes to winning working from home ideas. Offering you flexible hours and the ability to work as much or as little as you want, freelance writers enjoy freedom from the 9–5 traditional workday.

However, you will require a bit of self-discipline to keep on top of your deadlines and manage your workload, but being a self-employed freelance writer is one of the easiest businesses to start from home!

The Cost of Setting up a New Business

The cost of setting up a new business has never been so low. Especially for online based businesses. Technology has made starting your own business easy, affordable and possible. All you need to start a business online is a phone, a computer, and an internet connection. Coming up with a good, business idea is often one of the hardest hurdles.

Ideally (and for you to succeed), your perfect business idea should consist of three things:

  1. It should be something you like doing,
  2. It should be something you are good at, and
  3. It should be something that is in demand (i.e., people would pay for)

Obviously, some of these small business ideas have more earning potential than others, but what they all share in common are relatively low barriers to entry and the flexibility to work at them for a limited amount of time per week.

Mel Feller
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