Profitable Home Based Business Ideas
We all dream of being our own boss. I love working and writing from home and have fortunately been able to make a good career of it. Ironically, the downside is that sometimes if you run a home based business and you’re not careful you can work even more hours if you work out of your house. It’s really important to find a steady balance to avoid burn out.
A home-based business is any kind of business run from the comfort of your house. Most businesses operated from home normally start as small enterprises and finally change into medium companies or even into large enterprises. Look at the behemoth Amazon!
Unlike in the past where the startup costs associated with starting a home-based business prevented many people from joining this great industry, today there are many different home-based business opportunities with very low or virtually no startup costs.
These wonderful opportunities have leveled the playing ground permitting many people to enjoy the economic success. However, you should be ready and willing to invest your time and effort needed to operate the business.
The main reason why most people want to supplement their current job or replace it altogether is that they want to be independent, want to spend more time with family and would like to have control of their lives.
If you are looking for opportunities to supplement your present income, pay off bills or debt, below are 10 profitable home-based business opportunities with little to no startup cost.
1. Online Teaching, Tutoring, Consulting or Influencing
Tutoring online is a great job that you can do in your spare time from home or anywhere as long as you have a PC with access to the Internet. In most situations, you can usually pick the hours that suit your schedule since you are your own boss. You can also find and land tutoring jobs via freelance sites and work at your own pace as long as you meet the deadlines.
Tutoring other people online can be a good way to make extra money. My daughter is a tutor for kids in her HS and makes great part time money! Sites listed below let you set your own hours and make money tutoring students online.
If you are looking for a long-term home-based job, online teaching is one of the best opportunities. It offers good money, great benefits and is an exciting job to make money online sitting at home. In fact, it is considered one of the best home-based jobs.
Check out this list of the best online tutoring companies to work for:
- Homework Tutoring
- Aim-for-A Tutoring
- My Tutor 24
- Revolution Prep
- Homework Help
- Prep Point
YouTube creators who crush it can make millions of dollars a year in advertising revenue. Now, these are few and far between, but there is also a healthy population of creators that are making a comfortable living vlogging.
You have to have an interesting concept or story — people subscribe to channels that they can relate to. Just like a company needs a unique selling point to push a product, you need a have a unique angle if you want to gain traction and attract a vlog following.
2. Freelance writing
If you love writing, you can turn your talent into a home-based freelance writing business. There is a high demand for good writers worldwide. Many organizations are looking for people to look to write content for their websites, blogs, eBooks, advertisements, articles, and reports.
Check out my list of 115 websites that pay bloggers between $25-$1,000 per post.
To start an online freelancing writing business choose your style and topic and see if there is a demand for it. If you do not like a particular topic, there are chances that you will struggle to be motivated and probably you will not be able to give your client the best.
The most important thing is to focus on a particular niche. This is because when you specialize in a certain field, you will be able to offer your best service because you are really passionate about it and that is the route to making a great living.
To improve your writing skills, read books, sign-up for copywriting courses, and understand your niche inside and out so you can be the expert that people turn to for value.
Affiliate marketing is a business of promoting and selling products and services manufactured by other companies. This opportunity is probably the easiest home-based business.
You are referred to as an affiliate because you are only associated with the product or service you are selling but not part of the company that produced it.
There is a wide range of affiliate products and offers you can promote, each paying you a commission for every lead or sale you generate. You can promote these offers through an email list, via a blog, on social media, or even via vlogging
Mastering the Art of Affiliate Marketing
When you sell the product, you are paid a commission by the owner of the product. It’s always good practice to only promote those products which you have familiarity with and have tried and liked.
Some of the things you need to start an affiliate home-based business include, a website or a blog, website content and an email list.
Check out my Resources page for some of the best companies that can help.
I’ve made literally between $25 to $5,000 doing Affiliate Marketing. It all depends on you. Other successful Affiliate Marketers have made in the $250,000 range through a combo of affiliate marketing, sponsored posts and reviews. Crazy, but totally true.
Below are 4 Affiliate Programs That I Highly Recommend. I honestly can’t recommend one over the other they are all beneficial in their own way. The only thing is that Wealthy Affiliate and Affilorama give you a chance to try the programs for Free before signing up.
The other two are a one-time low payment but well worth the investment for the wealth of knowledge they offer.
These master affiliate marketers make over $100,000 per month and they share their most prized secrets along with a vast community of affiliate marketers as well.
If you don’t want to drop a lot of money on these programs you can grab our great little 25 page guide here:
4. Teaching Online Fitness
If you have a passion for teaching people who want to lose weight, stay fit and get into a good physical shape, then you can start a fitness online teaching business.
Today, a good number of people are looking for personal trainers to get them in shape. Being a fitness online teacher does not mean you must be employed at a local gym or a workout center to build your client base.
When starting a fitness online teaching business, it’s also great to have a blog or a website to promote your services, website content so that your clients can be able to trust your opinions and thoughts, and valuable giveaways to make your clients come back for more.
If you need a stunning website created contact us!
You can even start your own product line with healthy drinks, nutrition ideas, equipment and supplements!
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5. Tax preparation service
Every individual or business that earns income in any country must prepare their taxes. It does not matter whether the economy is busting or booming, every person should prepare his or her taxes. This means tax preparation service is a great business opportunity.
However, you will need to promote your business to the targeted customers and always be up-to-date to the annual tax changes. But the financial benefits of achievement as a home-based tax preparer are amazing.
Some of the things you need before starting this kind of business include:
- registering as a tax preparer
- designating a work-space in your home
- familiarize yourself with numerous professional tax preparation software
- registering your business
- and identifying and marketing your business to target clients
6. Social Media Consultant
The vast growth of the social web has made this a vital part of business. Social media is used by thousands of consumers to share their thoughts on the services and products and talk about their experiences.
It helps people in making decisions regarding purchases by taking into account real customers’ real feedback.
Yes, this is a real career. If you have a large and loyal following on social media, you could be earning money promoting products. A lot of money, in fact. Some social media influencers with high engagement are earning thousands of dollars per post, but for good reason: it works.
Brands wouldn’t be shelling out that kind of money if they weren’t seeing a return.
The social media consultant helps in marketing services or products to a wider audience, almost instantly. You can set your rates according to the work involved and the demographics you live in.
7. Become a Pet Sitter
They make it very simple. You put up a profile, add some images, set your rates and list your preferences. Owners leave their reviews and you build up a following. If you love animals this could be the gig for you.
You can make up to $50 – $150 a night depending upon where you live and the number of animals.
Rover does a lot of the work for you to find you good matches but they do take 20% of all your earnings. The benefit is that they screen the pet owners.
8. Drive for Lyft or Uber
I’ve heard of a ton of drivers for Lyft or Uber who really recommend it. Although the pay can vary per hour according to where you live and when you work – the busier times mean you can take advantage of surge pricing.
It’s a good way to make extra money because you can decide when and where you want to work.
Some folks do it as a full-time job, and some just once in a while for extra cash or on the weekends. Now that they allow tipping in both apps, it feels like a better deal to be a driver.
They also sometimes provide bonuses or extra incentives to sign up to drive.
9. Do Freelance Graphic Design Work
If you have experience with a Publishing software like Microsoft or Adobe Creative, you can make money doing freelance graphic design work. You just need a website and some image samples to get started.
If you are a graphic designer or know how to write code, then there is a massive audience just waiting to hire you. As a freelancer, you control your hours and you get to pick and choose who you work for.
You set your price, pick your projects and end up doing what you love while earning a comfortable living.
10. Start a Blog
Blogs are not the easiest way to make instant money, it’s easy to set up the site and start blogging, however, the consistency and long term dedication involved is quite intense.
Many people start a blog and give up thinking it’s easy. You have to realize it’s a marathon and not a race so you must be in it for the long haul. If you love writing and have a passion for a certain niche I say go for it!
You must write a ton of content that your audience will be interested in and constantly write, update and market that content. Not the easiest side hustle, but very rewarding if it’s done correctly!
I love blogging, it’s a true passion of mine and thousands of others. There’s so much to write about that there’s room in the blogosphere for everyone!
If you’re serious about blogging here are 17 FREE PDF guides to show you how to get started:
People who really figure out how to capture certain markets can make some amazing extra money. Some crazy amounts up to $150,000 a month!
Now, that is very extraordinary and not the norm. Most do not make it to that level but I just wanted to add it in there because it is possible.
More often than not though, with a well-structured blog, consistency and a good solid plan, it’s entirely possible to make a decent full-time living.
Here are a few people who’ve figured out how to make mad money with blogging –
Rosemarie Gruner of the Busy Budgeter is one of the most honest and refreshing cases of how to make money. This is back when she was only making $5,000 a month through blogging, she’s gone up to $126,000 a month.
Chasing Foxes started out determined to succeed at blogging and are now making around $118,000 a month blogging.
One of my favorite, smaller but successful little bloggers, Victoria Pruett shared her secrets of How to Blog even with low page views.
Check out my resource page for some great tools and tips to see the basics of what every blogger needs to succeed.
There so many legitimate home-based business opportunities you can most certainly easily make extra money with a side hustle. Getting the right home-based online business for you can be exciting and profitable if you’re willing to put the right amount of dedication into it.
Understand your passion and spend some time researching, and you will be able to find the right home-based online business opportunity that meets your desires.