Mild spoiler alert: Viewers of the TV drama Orange Is the New Black might remember that the show’s main character made amends with one of her fellow prison inmates by making her a soothing lotion. Hopefully you won’t find yourself in prison, but if you find yourself wanting to start a home-based business, consider hand-making soaps and lotions yourself.
Packaging your skills and knowledge into a downloadable eBook that delivers value to those seeking to learn a skill, advance in their careers, or start their own businesses, makes for a strong value proposition if you target the right audience. Check out Leslie Samuel’s great guide to selling eBooks online and start building your strategy around this side business idea. This class with Tara Gentile on CreativeLive will also show you how to use your existing body of work to write an eBook within the next week. Put in some serious work with your eBook, build an audience and you’ll have a platform to pitch traditional publishers on landing a book deal—then you can write one of the best business books and really build your personal brand.
T-shirts can be a viable path toward creating an automated side business idea that makes money for you while you sleep. Even Bloomberg and Forbes feature stories from entrepreneurs who’ve done just that. Want to learn how to make this side business idea come to life? You can find TeeSpring selling walkthroughs here, here and here.
A great opportunity to acquire a funny, edgy brand that walks the fine line between sex, humor, and food. The brand could be applied to funny T-shirts, food, or novelties. We love this brand but don’t have to time to maximize it’s potential. We have thought of over 20 funny slogans for the brand, developed a phallic peanut mascot, and created many funny t-shirt designs. All of this will come with the purchase. What makes this brand so great is the subtle yet cutting humor that takes time to sink in. This is a turnkey business that just needs an owner to develop a solid channel to the to the Funny T-shirt market. The target segment are teens to mid-30’s men (and potentially women) that have a juvenile senses of humor. Prime locations to sell the Rock Hard Peanuts T-shirts would be on-line, novelty shops, resorts, and beach towns. If you have the capability to develop a channel to the funny T-shirt market this a great startup opportunity. The brand can also be expanded to serve the food and novelty markets.
2) It might not work for your particular business. Even if running a home-based business is allowable where you live, you may not want to. Issues such as signage, parking and the need for home-based insurance may not make running a home-based business your best choice.
It’s not very engaging, or mentally stimulating, but online surveys do pay out (a little), believe it or not. Just don’t expect to make bank with this side business idea—I recommend combining it with another source of side income from this list of my best business ideas, and turning to surveys in your downtime when you need a little extra income.
The benefits, of course, are numerous. There’s often much less start-up capital required when purchasing an existing home business. Overhead costs are much less than those for outside-the-home businesses. There’s no commute time, and you can bend your work schedule to fit your life needs. You can test new business ideas and make decisions without having to consult with board members. Your income is your own. In the end, it all comes down to working smarter, not harder, at something you love doing. Let BizQuest help you find the best home-based business today!
Every startup needs a business plan, and according to Liatsos, a home-based startup is no exception. “Think of it as a road map,” she says. “It tells you where you are, where you want to go, and how you plan to get there.” As you write the plan, you’ll begin to put together the pieces of how to divide your time between your business and home life, where you’ll locate your office, what equipment to buy, and what to expect in terms of having enough money to continue to cover your home expenses, plus the added expenses of running a business.
25 Jewellery selling Never mind Tupperware – if you have jewellery you no longer wear or want, try organising a party to sell it, says Jones. “Websites that organise these parties, such as ounces2pounds.co.uk, are going great guns in signing up ladies who want to earn extra income in their spare time,” she says.
NATIONAL MERCHANT NETWORK: Want to run your own home office in the ever growing banking industry? Want to free yourself from the 9 to 5 lifestyle by building a long term residual income and consistent weekly paychecks? Well, the National Merchant Network has your solution. *Join the leaders in the banking industry and run your own home office with the support of the LARGEST merchant processor IN THE WORLD Most of the individuals we work with are CAREER PROFESSIONALS who are looking to REPLACE THEIR INCOMES and work for themselves. Or, people who are looking to build a consistent RESIDUAL INCOME to support their RETIREMENTS.
But be wary. Food service—even a delivery service, which is the most likely scenario for home bakers, as opposed to setting up a storefront—comes with built-in risks. Prepare yourself, and read up on your local insurance requirements. And don’t be afraid to start out by making just one or really great treats. Consistency is more important than variety in the baking business.
With so much information being pushed onto you on a regular basis, it’s not a question of if you get overwhelmed, but when you get overwhelmed, and how long it takes you to regain your bearings and actually start taking action on everything you’ve learned.
Proper examination of the company financials (with the assistance of a professional accountant and/or business valuator) is vital before making an offer to purchase a business. (See How to Buy a Business.)