My 10 Best Home Based Business Ideas
Yes, ladies and gentlemen, the times they are a changing. More and more people are finding a need for cash to support there ever increasing lifestyles. Combine this with an uncertain economic situation and the need to generate an additional income comes to the fore. To combat this situation an increasing number of people are starting and running a business from home.
A complete list for a home based business would be endless. The 10 best home based business ideas contained within this article, are those considered by the author due to them being popular, competitive, relatively low start up costs and providing the ability for growth.
1. Online business
As one of the 10 best home based business ideas, the list for an online business is possibly limitless. However, consider some of the following: Trading the financial markets, affiliate marketing, network marketing, eBay selling, web design and desk top publishing, to name but a few. Due to the popularity and accessibility of the internet more and more people are able to so.
This involve different types of business arrangements. Perhaps the most common type involves buying a licence to sell a product in a particular geographical region. An example of franchises are carpet cleaning, printing and retail franchises.
This will involve a specialised skill set. For example engineering, accountancy, teaching a school or university subject. This could be done from home or may involve travelling to the home of your clients. Alternatively, you could visit businesses and assist them in some specialist area.
4. Home health
Visiting elderly people in their own home and providing non medical assistance, from shopping to cleaning. More and more elderly people want to stay in their homes. So as one of the 10 best home based business ideas, you would be providing a valuable service.
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5. Fitness coach
For this you would have to travel to visit your clients at their home or in a corporate setting, that is, at their place of work. You could work together with a hair and beauty consultant, fashion expert and a nutritionist and sell a complete package to your clients.
6. Use a Previous skill set
Make a list of previous skills that you acquired during your working life and apply those skills for the basis of one of the 10 best home based business ideas. For example if you were a mechanic you could look at a business of repairing cars, lawn mowers or household appliances. As a mom your organisational skills would be very good, so look at party or birthday planning or event organising.
7. Specialized Coaching
Specialised knowledge is required in every business and as a consequence, in areas such as life, relationships and business coaching are available. As in any industry new markets open up, providing opportunities to those aware of the changing conditions. Remember that being a coach is a people business and good communicating skills are absolutely necessary.
8. Internet based teaching
Provide teaching over the internet. This should be a must for inclusion as one of the 10 best home based business ideas. Reason being, with sky high fuel costs and limited employee time, many companies today have turned to web based learning for education and training of their workforce. This could take the form of you producing videos about how to play chess to teaching cosmology or teaching leadership to senior management. The sky is the limit.
As a business becomes established it can be more profitable to outsource even the specialised tasks. Having outsourcing as one of the 10 best home based business ideas, you will be in a solid position to take a share of this market. If you specialise in a business function such as sales, marketing or accountancy (to name but a few) offer these skills to the business market, both large and small. You could act as an outsourcing broker and find people to do the work for your clients and take a percentage of the fees.
10. Property acquisition consultant
You could do a variety of things with property consulting as one of the 10 best home based business ideas. As a property consultant you would find residential and commercial properties for individuals and large corporations alike. You would not need specialised knowledge but you would need to enter into an agreement with your clients and the guidance of a solicitor would be advisable.