Your entrepreneurial side have took over and you have made the decision to join the millions of people who are successfully working from home. You no longer want the 9-5, the commute, and hoping your lunch is still in the fridge in a few hours’ time. You are ready to make your dream of becoming an independent entrepreneur come true.
It is not all that uncommon for people to be ready to make a move, but not really sure what it is they want to do long term. With most jobs, the groundwork is really important; building up contacts, working on your portfolio, and honing your skills. It is always a great idea to build your business on what you are passionate about because when the hours get long, your passion will get you through.
Also, keeping up to date with the social media industry will be a plus as it can increase the exposure of your home-based business and reduce your marketing investment.
If you are a crafter, then the chances are what you are making people will buy. There is a real yearning for homemade goods, and that doesn’t appear to be slowing down. This is where most people will consider turning their hobby into a business.
Depending on the size of what you are making, you may be able to store them at home. As you will be in full control, you will be able to look for the most cost-effective way to produce high-quality goods. There are a number of online stores you can use Etsy, eBay, and Not On The High Street are popular options.
You will need to adhere to all of the guidelines and regulations with anything consumable, or that goes on the skin.
Services might be one of the simplest things that you can sell. They are much easier than products, and you don’t need to hold on to any inventory – because you are the product. When you sell services, ‘time is money’ is going to hold a lot more weight. You’ll probably have a range of different clients, and most will be remote too. Meetings will typically be handled via Skype or another voice calling software. Here are some typical home-based businesses:
- Virtual Assistance
- Freelance Writing
- Graphic Design
They tend to take a while to get off the ground, and networking is going to be essential to keep your client base healthy. High-ticket clients can keep you ticking over nicely for a long time. It is worth taking on a range of clients, and at least one that you find challenging.
There is an opportunity for you to buy an already established eCommerce company. You can purchase a ready to go website from Flippa or Exchange. They come in a range of prices and usually come with proven track records. Sales and traffic reports are provided, and often some level of support too.
When you are purchasing an eCommerce site, make sure that you have accurate numbers, read the fine print and don’t impulse buy. Read as much as you can about the sector you are going to be entering, and how to make sure the site grows.
There are many more business opportunities to start a work from home business, and there is a likely an online guide to help you too.
Are you an entrepreneur working from home? How satisfied are you? Please share your experience.