Small And Profitable Business Ideas – Renting commercial real estate, warehousing or office space can put a lot of financial pressure on a new business. In contrast, many home business opportunities can be started quickly and easily.
Some work-from-home business ideas require an upfront investment to get started—some for as little as $39. Plus, some home-based businesses are easier to start if you can turn a spare bedroom into an office or studio – others can be started from your dining table.
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So, what are the best work from home business ideas for you? In this article, we’ll explore 10 of the best home business ideas you can start quickly and easily.
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While there are countless ways to start a home business, here are 10 of the most accessible home business ideas to consider:
Do you enjoy creating things at home? If you love crafts or art, why not sell your crafts online? For example, you can:
No matter what you love to create, selling handmade items is a great way to turn your passion into a work-from-home business opportunity.
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If this home business idea caught your attention, start by listing everything you can create. Then, do some online research to see what other people are selling.
If you like the idea of running an online store but aren’t sure what to sell, consider starting a dropshipping business from home. Plus, this is a home business idea with low startup costs.
Dropshipping is a type of e-commerce where sellers do not need to purchase or store the products they sell. Instead, sellers work with dropshipping suppliers who manage inventory and ship products directly to customers on the seller’s behalf.
Best of all, with dropshipping apps like DSers, starting a dropshipping business from home is as easy as 1-2-3.
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Here’s why: You can now start selling dropshipping products online with DSers – just sign up for Shopify, install the DSers app, and search for products to add to your store.
Likewise, if you love creating art and eye-catching designs, but don’t want to make the products yourself, you can start a print-on-demand business from home.
Print on demand is a form of dropshipping where you sell products that are customized to your designs, such as:
To start this work-from-home business idea, sign up for a Shopify account and choose a print-on-demand app to install, such as:
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Another way to sell products online is to buy products in bulk (also known as “wholesale”) and sell them individually.
When you buy products in bulk, you can get lower unit costs than if you buy them individually. Then, when selling products piece by piece, you can increase the price to create a profit margin.
Also, you can buy products in bulk and sell to retailers in small quantities instead of selling individually to consumers – this is called wholesale.
If you don’t have the time or the will to start a home business from scratch, you can always purchase existing home business opportunities through the Exchange marketplace.
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The website facilitates the sales of eCommerce businesses in a range of niche markets. Plus, you can buy an established business or a relatively new one.
Start by browsing home business opportunities listed on Exchange. When you find a business you like, consider contacting the buyer to learn more. Then, if you decide to buy that business, Exchange will facilitate… well, exchange.
On the other hand, if you want to start a business but aren’t interested in realizing its full potential, you can create and sell an e-commerce business on Exchange.
It is also possible to “flip” a business — or in other words, buy a business, improve it, and sell it for a profit.
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Why sell one product at a time when you can sell a bundle to the same person every month? That’s what subscription box businesses like Birchbox do.
This home business idea is an excellent way to add sustainable income thanks to the recurring income generated from ongoing purchases.
What’s more, you don’t have to sell products – you can also rent them out. For example, Haverdash rents out clothes.
To get started with this home business idea, sign up for Shopify and use the built-in subscription management tools.
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If you have a sought-after skill or knowledge, along with a teaching flair, consider sharing your knowledge via an online video call
Popular subjects taught online include languages, mathematics, science and business. But there’s no limit to what you can teach, so you can also teach music, sewing, and even DIY!
According to PayScale, most online teachers earn between $10.18 and $39.87 an hour, depending on their level of experience.
There are countless online teaching marketplaces that can help you connect with students and manage your courses, such as:
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Plus, there are plenty of feature-rich online teaching platforms to help you create incredible virtual learning experiences, such as:
Digital services are in high demand – from designers and developers to digital marketers and doodlers, just about everyone.
Some of these home business ideas offer more income potential than others. So, be sure to do your research to choose the right service-based home business idea for you.
First, consider signing up with a freelance marketplace such as People Per Hour, Upwork, or Fiverr.
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If you already have a specific skill or subject and don’t want to teach or provide services online, you can package your knowledge and experience into a digital product.
Selling digital products is a fantastic home business idea because, like dropshipping, there is no need to source or manage inventory or ship products to customers. Plus, once you’ve created a digital product, it costs nothing to reproduce it.
For example, Gabriella and Andrew Morrison sell lessons and house plans to help people build tiny houses on their website, Tiny House Build.
If you enjoy creating content, you can build an online following around a specific topic or niche and monetize your audience.
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If you’re interested in this home business idea, you need to choose a way to build an audience. Today, there are many ways to create a following online – for example, you can:
Once you have more fans or a lot of website traffic, how do you make money? Essentially, there are three ways to monetize your online audience:
For example, Adam Enfroy has a blog that reviews many software products. In the image below, you can see his blog post commenting on the Shopify platform:
This blog post contains Adam’s Shopify affiliate link. So every time someone reads a post, clicks on an affiliate link, and signs up for Shopify, Adam receives a small commission on sales.
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There are many ways to make money with online home business ideas. You can charge by product, create subscriptions, build affiliate links, and more. Once you have decided on your business model, you can start brainstorming an exact home business idea for you and get going.
There are tons of profitable home business ideas to choose from. So, if you’re wondering “what can I start a home business?” here are 10 of the best home businesses to consider:
When deciding which home business opportunity to pursue, try to leverage any skills and experience you have, and consider following your interests or passions.
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Cookies are used to provide essential website functionality and improve your experience. By using our site, you agree to our Privacy Policy. Many people are turning to entrepreneurship for more freedom and better financial stability. Every year, millions of small businesses spring up in the United States. According to the J.P. Morgan Institute, more than 99 percent of the 28.7 million businesses in the U.S. are small businesses. In other words, small businesses are the backbone of the U.S. economy and growing in number, with 60% of them having revenues greater than $100,000.
However, not all small business ideas are profitable and easy to implement. Other types of businesses require a considerable amount of capital and a longer investment period before generating a return, while other types of businesses require less capital and a quick return on investment (although the return on investment may vary).
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In this guide, we’ll list the top 10 most profitable small businesses you can start in 2022. Each of these types of businesses has the potential for rapid growth and doesn’t require a large amount of start-up capital.
The food truck movement continues to grow every year. In 2011, there were approximately 8,677 food
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