One of the great things to love about working from home is the simple fact that you don’t have to go anywhere to get to work.
As a matter of fact I am writing this post while sitting on the couch, barefoot, in my fuzzy housecoat, with my second cup of coffee precariously balanced on the cushion beside me.
Being in business for yourself also means you get to (mostly) schedule your own day.
Starting a Business from Home
Starting a business is a simple as deciding that you want to be in business. There – say it – “I’m a business person!” Now say it with conviction. At this moment deciding whether to incorporate or not isn’t really necessary. You can decide that later after you have a chance to speak with the right people to advise you.
For example; a service could be a specialized trade like electrical or plumbing. Another type of service is digital like web development or marketing services. A product can be something you find at a flea market to resell. Or hand crafted goods for selling on Amazon, eBay or your own online store. You can also resell new goods from companies that offer dropshipping. Or you can help local retailers expand their market by putting their products into your online store for them. You can actually double your source of profits with this. Charge the local business for the space on your online store and charge again a percentage of the sale.
Once you decide what you will sell, you will have to find out what the laws are in your country. There may be restrictions or zoning issues. If your service or product is digital you may or may not be required to collect taxes on your sales.
Getting Started with No Money
At-home business’s are often started by people who really don’t have the capital to buy a tonne of inventory, or even much money to traditionally market their business. That’s OK because there are many free ways to get started with a home based business.
Time IS money, if you don’t have the money then you have to put in the time. For example; if you are starting a landscaping business and can’t afford to advertise, then you will have to go door to door introducing yourself to the homeowners and selling your service in person. You can also put up flyers on you local grocery billboard and other places that have free community billboards. You will have to do this over and over again.
Another free option to spread the word about you and your service is to draw attention to your business by doing something newsworthy like giving free haircuts to veterans or seniors. Better than giving free stuff – have a fundraiser using your service. In this case you could have a two for one where one haircut is paid and the second given to a person in need.
You can take advantage of free online advertising using Craigslist and other advertising platforms. Websites can also be free – although I would recommend you upgrade to a paid website as soon as you can. The first free place to make your business known would be in the Google Business directory. This will give you a business listing in their search engine.
Starting an Online Business
The type of business you start will depend on the time you are willing to devote to it. If you are looking for a more passive business that will produce an income whether you worked or not then you need to know about or be willing to learn about ways to make passive income.
The service business or production business, where you trade time or products for money, requires you be present to turn a profit.
OPPORTUNITY KNOCKS: By taking action you will more quickly see what the marketplace wants. For example; around 30 years ago I started a home-cleaning business on the side because I wanted the extra cash. Because of my willingness to listen to what the customer wanted and (here is the big key to success)
The key thing to remember when starting your home based business is; so long as you are a hard worker, dependable, honest and clean, you do not need to pick the perfect niche to start provided you are willing to adapt with demands. Just hang out your shingle then see what the cat drags in.
Examples of Business’s You can Run with Just a Computer
Not every home-based business has to have you running around the neighbourhood. There are many business’s you can operate from home using your laptop. Most things do require you have some specialized knowledge but you can find that information OR you can outsource and act as a broker for the services.
21 Business Ideas From Your Laptop
Call Centre Rep
Social Media Marketer
T-Shirts via T-Spring or others
8 Non-Trade Service Business Ideas
Snow shoveling / Plowing
Wedding / Event Planner
8 Ideas for an At-Home Business
Babysitting / Daycare
Rent a Room or a Flat
Scrapbooking and Supplies
6 Ideas for Selling Goods & Products
eBay and Amazon Stores
Home Baked Goods
Backyard Garden – Flowers, Vegetables
Soap making and Spa
How to Steamroll your Competition
Even if you don’t have a big budget you can, over time, beat out your competition by outworking and outsmarting them. Be willing to work, be willing to learn, be willing to do whatever it takes to grow.