In the last 10 years people’s attitudes to work, especially working from home or setting up home-based businesses, have transformed. This is largely helped by technological advances and access to high-speed internet. The number of different applications that can help this dream become a reality has also proven helpful.
Research has shown that nearly 50% of Americans already work from home in some form this number jumps dramatically when discussing knowledge-based workers, reaching nearly 80%. The same study also showed 15 million Americans work as freelancers. When this data is correlated, the numbers clearly show that home-based business is more than just a trend: it’s a reality for many in the American workforce.
Having said all that as more people looking to work from home, the competition to set up a successful home-based business increases. Add into the equation complex legal maneuvers, licensing, and the research involved, and the process is far from straightforward.
But with the correct preparation, we can turn the right idea into an economically viable home-based business. We asked some experts in the field for their advice and here are 14 of the most popular and viable home business ideas
#1: Art Collection cataloging
This is definitely a niche, but it might surprise you to find that art consulting businesses are on the rise. A simple concept, find clients, go to their homes, take photographs of their own collections, and produce a catalog either physical or virtual, including a photograph and a complete history of each piece in the collection. Anyone with a significant art collection loves catalogs, especially as they can show them off to clients and friends. They’re also a powerful sales tool, you’ll be amazed at how little some people know about the art that they own.
#2: Bicycle Repair
This is certainly one concept that has become increasingly popular in recent years. As more and more people are returning to their bicycles, it’s inevitable that they will encounter some mechanical issues. When this happens, many people don’t have the skills or tools to fix it. If you’re mechanically inclined and have space on which to set up a home bike repair business, they can do this with pretty low overheads and you can quickly find yourself with a steady flow of customers.
Outside of the interesting fact that bookkeeping is the only word in English that contains three pairs of letters consecutively. If you have the expertise software the equipment needed, you can start a home bookkeeping business. The vast majority of business owners want to outsource their tedious work, this is especially true of their bookkeeping. Keeping this up-to-date means you are not only providing a valuable service, but you can also earn some significant cash on the side.
#4: Dog Walking
This business isn’t strictly home-based, but much of the planning and preparation takes place at the home. You have dog lovers who want trustworthy people to look after their pets overnight, which could be an add-on service. Once your address insurance concerns, license, and assess the competition in your local dog-walking market, this is a viable business idea that will be considered having a little level entry.
#5: Foreign business consultant
If you speak a second language for example you’ve lived in Germany for a few years and you speak fluent German, you can behave a great benefit to companies who want to do business there and I would like to send their staff to live and work in the area. Not only can you provide them with language expertise, but you can also educate them about living in the country and teach them about German culture.
#6: House Cleaning
Discontinues is one of the most popular home business ideas. Many people have a few hours to spare during the day and are happy to lend their hands to cleaning other people’s houses, especially considering this is all they’re going to be doing at home, anyway. While this isn’t strictly a home-based business, at least not in your home there are thousands of highly accessible cleaning businesses all around the green and you can set them up without having to pay an excessive premium. You can even do this late at night if you want to open up an office cleaning business.
#7: Lotion and soap making
If you’re struggling with a concept for a home-based business. Lotions and soaps are worthy of consideration. If you want to make a success of your homemade soap-making business, you’re going to have to be efficient. Quickly define your target market and get your processing down to fine art, then you can look forward to successfully launching a soothing home business.
#8: Making Furniture
That America is outsourcing much of its furniture manufacturing, making products that are American-made, especially in the furniture markets are a rare commodity. When you add into the equation that artisanal items are becoming increasingly sought after a home-based furniture-making business while not the easiest to set up and could prove lucrative. It will need some investment in equipment from the start so you can produce pieces to sell online or if your local fair. To establish a successful home-based furniture-making business, you’re going to need to be the craft person and the salesperson. Always ask for more than you think the furniture is worth on this should ensure you are profitable.
#9: Making Jewelry
If you have the skills needed to make jewelry, why not sell it? There’s always been a market for handmade jewelry. The biggest challenge you’ll face is the management of the business itself. Just creating stunning pieces of jewelry won’t be enough, A quick glance at eBay and Etsy will reveal that the market is there you just need to supply the product.
#10: Refurbishing antiques
Most of us have heard the old saying that one man’s trash is another man’s treasure. Belief is to be antiques we’ve ever seen business. This is far from a hobby; it’s a business interest that can prove lucrative. After so many shows of investment in equipment, the biggest challenge you’ll face is something high-quality antiques to refurbish. Central to your success will be the sourcing of items that have market appeal and that are highly sellable: if you choose a niche product it may take years to find the right buyer. Remain disciplined by the only purchase items you know you can mark up significantly for resale. Specialization will also be central to your success.
This is certainly an interesting one, but it’s a hobby that has quickly become a niche business. More and more people are looking for different ways to store their memories, and scrapbooking is making a comeback. Most of us don’t have the time or skills needed to create these, so we’re outsourcing them. One example is how digital photographs are not being created in stunning physical books: learning to make these scrapbooks isn’t difficult, but it can certainly be profitable.
#12: Teach Music
The vast majority of music teachers in the country either do this in the evenings or on the weekends. Most continue to do it well into retirement. However, as music becomes an increasingly popular subject for parents to provide, their kids and adults decide they would like to learn or become more musically talented as they get older. The demand for music teachers is growing. If you have a special instrument that you play find a home venue to provide lessons and ensure that your students will travel to visit you on this one increasing your profitability.
#13: Video Service
We increasingly live in a video central world, as more and more business owners and private users, such as parents of the bride, are taking videos on their phones and other devices. However, most have little or no video production or editing skills. Whether you are making short feature films or editing parties, presentations, weddings, or even documentary videos. Decide what part of the market or what needs you can fulfill, create your proposal and dip your toes into the video editing market.
You’ll be amazed to find the number of people with businesses who don’t know the first thing about email, voicemail, social media, and other related issues. Virtual assistants are in tremendous demand and providing a service to someone where you can maintain their niche, keep their brand strong, their website updated. VAs have to organize and maintain their day-to-day business duties.
If you’re looking to join what’s quickly becoming a work-from-home Revolution, your timing couldn’t be better. This is certainly the era of the home-based business entrepreneur the 149 years we’ve listed above are just the tip of the iceberg and with the right preparation and attitude, you can build a successful and solid business that left the comfort of your own home.
” Yesterday is not ours to recover, but tomorrow is ours to win or lose.” -Lydon B. Johnson
“Don’t let mixed signals fool you. Indecision is a decision.” -ExtraMadness
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