Being in business for yourself means you get to (mostly) schedule your own day. If you are a morning person you can get started early. If you prefer to sleep in you can choose a business that lets you do that. The pearl in the oyster is all yours.
Top 10 Success Secrets to Starting an Online Business
Starting a business is as simple as deciding that you want to be in business. There – say it – “I’m a business owner!” Now say it with conviction. Deciding about all the legal stuff like whether to incorporate or not, isn’t really necessary at this point. You can decide that later after you’ve had a chance to speak with the right people to advise you on legal matters.
For example; a service could be a specialized trade like electrical or plumbing. Another type of service can be digital, like web development or marketing services. A product can be something you find at a flea market to resell. Or, if you have hand crafted goods you can sell on Amazon, Etsy, eBay, or have your own online or brick & mortar store. You can also resell new goods from companies that offer dropshipping. Along those same lines you can help your local retailers expand their market by putting their products into your online store to sell FOR them. This is an awesome way to increase your source of profits without the cost of inventory. All you need to do is charge the local business for the space on your online store and charge again a percentage of the sale.
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Once you decide what you will do or trade for your customers money, you will have to find out what the laws are in your area. There may be unusual restrictions or zoning issues that may affect how you need to manage your new business. Taxes are another important thing you need to know about. If your service or product is digital you may or may not be required to collect taxes on your sales. I am not the person to help you with this but your local business development bank can help steer you in the right direction.
Getting Started with No Money
At-home businesses are often started by people who really don’t have the capital to buy a truck full of inventory. Many people who start their home business don’t even have money to market their business with traditional methods. It’s OK if you have very little money at the start because there are several free (or very inexpensive) ways to get started with a home based business.
How to Market Your Business Without Money
Time OR 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 way to spread the word about you and your service is to draw attention to your business by doing something newsworthy. For example; if you are starting a hair salon you could give free haircuts to veterans or seniors. Often local news love things like this and will give you free coverage. Simply call the news station and let them know. A similar option is to host a fundraiser using your service. In this case you could have an offer to the general public where they pay for one haircut and you donate a second (in their name) to a person in need.
Free Online Advertising
You can take advantage of free online advertising using Craigslist and other advertising platforms. Your first business websites can also be free – although I do strongly recommend you upgrade to a paid website as soon as you can. Other free places to list your business include directories which includes the Google Business directory. This will give you a business listing in their search engine. These are the listings where people can review your service and shows up in Google Search with star ratings.
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 work or not, then you need to know about or be willing to learn about ways to make passive income.
Service businesses or a production type of business usually requires you to trade your time or products for money. Most of these business models require you to be present to turn a profit. Although, you can also outsource this by hiring workers and focusing on being the manager.
You
OPPORTUNITY KNOCKS: By taking fast action you will be able to find out quickly 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)
Secret to Small Business Success is: Act fast, get started, listen to your customer and be willing to accommodate where you can.
If you are a hard worker, dependable, honest and clean, you do not need to pick the perfect niche to start. Just be willing to adapt with demands. Today you can hang out your shingle and see what the cat drags in.
Go here if you need specific COVID-19 home business ideas.
Below is a list of various types of home businesses you can start. If you have any questions and/or would like more information just leave a comment below.
Examples of Businesses You can Run with Just a Computer
Not every home-based business requires that you physically work around the neighbourhood. There are many businesses you can operate from home using your laptop. Many tasks that require specialized knowledge can easily be outsourced and you just act as a broker for the services.
21 Business Ideas From Your Laptop
Bookkeeping
Copywriter
Web Developer
Affiliate Marketer
Re-Seller
Marketing Consultant
Editor
Translator
Video Editing
Call Centre Rep
Blogging
Author
Meal Planning
Social Media Marketer
Computer Repair
T-Shirts via T-Spring or others
Virtual Assistant
Resume Writing
Research Assistant
Ghost Writer
Article Writing
8 Non-Trade Service Business Ideas
Dog Grooming/Walking
Snow shoveling / Plowing
Wedding / Event Planner
Gardening
Handyman Services
Interior Decorator
Pooper Scooper
Junk Hauler
8 Ideas for an At-Home Business
Babysitting / Daycare
Car Detailing
Rent a Room or a Flat
Sewing/Tailoring
Furniture refinishing/Building
Fitness Instructor
Scrapbooking and Supplies
Tutoring
6 Ideas for Selling Goods & Products
eBay and Amazon Stores
Home Baked Goods
Screen Print T-Shirts
Jewelry
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.
You are going to love having a home business.
