Starting a business seems like a cumbersome task at hand. You have to put in much money, your valuable time, and it involves many risk factors. Besides that, you have to think about logistics, office location, rentals, and many other minor things. Trust me, it is very tiresome.
Apart from that, after the Coronavirus(COVID-19) outbreak, many people started considering work from home as another way of earning some money without going to an actual office location. Now, what if I say, you can not only work from home but also start your own business without investing much money? Yes, it is possible.
In this article, we will discuss different ideas you can start your business right from your home.
1. Become a music coach
Let us start with a simple one. Music is a skill, and not many people have this quality. I am not talking about listening to songs; I am talking about someone who understands music, knows how to sing songs, or knows how to play musical instruments.
Acquiring the skillset is not hard, but it needs practice, patience, and, most important, a teacher. If you search in your locality, you can find plenty of people looking for music teachers. Some want to learn to play guitar, some want their children to learn singing, and some are preparing for auditions.
If you are a person with those skills, you can start online music classes right away. Set up Zoom or Skype, contact some interested people, and you are good to start your new business from your home.
2. Start an online store
After the rapid growth of the internet, we have seen a rise in e-commerce stores and online transactions. With all the digital stuff around us, some people have become too lazy to visit the local market, and others don't have enough time due to their work schedules.
Due to those reasons, they rely heavily on online stores like Amazon, Walmart, Flipkart, eBay, etc. Before a few years, it was challenging and money-consuming to start an online store. Because you had to hire a professional web developer, you had to create the entire catalog, the theming and designing of web pages, etc. But time has been changed. There are several free shopping cart solutions available for end-users, for example, OpenCart, Magento, PrestaShop, etc.
If you want to start your e-commerce store, you need to purchase a domain, take hosting from the right hosting provider, install the shopping cart solution, and you are good to go. And if you want the hassle-free business and are eager to spend some money, Shopify has some paid options too.
3. Start a digital marketing business online
With more and more businesses going online, there is a sudden growth in the demand for experts on those platforms. Digital channels are one of the best ways to increase their customer base, connect with new clients, provide customer support, etc. While the number of similar kinds of businesses is very high, and everyone wants that top spot in Google's ranking, those businesses need to optimize their digital campaigns so that they could outstand their competitors. Here comes the work of digital marketing experts.
Digital marketing experts are the people who have gathered enough expertise in fields like search engine optimization, content planning, social media marketing, ad optimization, etc. And trust me, not everyone you know can do this work. One needs to acquire some specific skill sets to achieve success.
Suppose you are one of those digital marketing skills and want to explore different possibilities of making it your career option. In that case, you can start a digital marketing business right from your home and start making money.
4. Create courses for Udemy and Youtube
There was a time when people considered primary education (schools and colleges) as the option to learn new skills. It was the days before the internet era expanded over the horizon. Now, we can connect with people over the internet or search for different information and provide learning classes over the internet. Here is comes the online platforms like edX, Coursera, and Udemy into the picture.
If you go through those websites, you can find a wide range of courses, both by educational institutions and individual instructor-led courses (mostly on Udemy), available for various topics and skillsets. Anyone can join the platform, search for a specific skill, select a particular class from the catalog, make a payment, and start learning from the digital devices they have right from their homes.
With the increase in those online platforms and the changes in different skillsets and new skills, we need instructors to create content. Suppose you have expertise in a particular gift and want to share the knowledge with anyone interested. In that case, you make your courseware ready, create an account on those platforms, register as an instructor, and publish your course with few button clicks.
It takes time for a new course to become famous, but once it starts getting interested people enrolled in it, the money flow starts into your pocket. Once your session is published, you do not need to worry about it unless there is a new update or you want to connect with your students. If you post your courses on Udemy, you will get a commission for each enrollment into your curriculum.
Sometimes, it is tough to create the entire course at once due to a lack of time. There is also another option if you do not want to start a Udemy course. You can simply create a Youtube channel, form making and upload your videos on your own time, and earn Youtube advertisements.
5. Start on-demand printing
After the advertisement came into the picture years back, printing has been a source of income. We are not talking about online ads. We have plenty of printing press and printing solutions available in each and every city in the world. Correct?
But the thing is, printing is adamant and time taking, and with all the hard work, many of them don't find enough time to think about any other business verticals. Here is the opportunity for you.
You can start your on-demand printing services in collaboration with those printing services. You can use online or offline methods to get clients, create an online printing website, and get a commission for every new business you provide to that printing press. In that way, you can be directly connected with the client for future opportunities, and the printing press will get more business. Which means a win-win situation for both of you.
6. Do Affiliate Marketing
Affiliate marketing is an old technique in which, if a sale happens due to your digital activity, you get a small commission from the service provider. Let us take the example of Amazon. Amazon is a marketplace for various products starting from a bit of pencil to a high-end laptop. Amazon offers its own Affiliate program called Amazon Associates. Suppose you are an associate of Amazon, and you have added one of the product's affiliate links to this post. Once someone clicks on that particular link and completes the purchase, you get a small commission.
You can also signup for the Amazon Associates program, create affiliate links for the products, and promote it through Facebook. And if you have an excellent personal reach on social media, people will indeed click on those links because people trust real people's opinions more than brand advertisements. If you need any help to start Affiliate marketing and need some help, you can comment on it below. I would be to assist.
7. Provide online tech support to other business
In every business, there comes a time when doing a particular task in-house becomes extremely difficult. There are monetary hurdles, time constraints, and a lot of other factors affecting it. Outsourcing that specific business part to another company solves the issue.
Many service-related small companies don't have the infrastructure to hire people for technical support. You can see an opportunity over here. Trust me, you don't have to set up an entire call center; remote working is prevalent now. You have to make a small team of tech-savvy people willing to troubleshoot different issues related to those products and services. Ensure they have their own laptop; you can have a BYOD (Bring Your Own Device) policy in place.
Once you have your team ready, connect with different clients, and start building professional connections to get the deals. You can also get opportunities from other companies at the same time. Just make sure you do the troubleshooting on time.
8. Start a data entry provider business
We have already discussed companies outsourcing their technical support units to other service provider companies; I am skipping that topic. As the tech support work, the data entry task is cumbersome work as well, and those companies need help.
Like the previous point, you can set up your own team for data entry and start a data entry provider business without investing much money in it.
9. Start your own consulting business
Becoming a consultant, you have a better opportunity, and you have the complete freedom to decide when and where you want to work. You do not need to worry about the workspace or the company infrastructure. A laptop, a cellphone, and you are good to go.
Basically, consultants are the people who have acquired specific expertise in their fields, and their opinion is sought when there is a need. Basically, they are the subject matter experts. So, before going for a consulting business, put some time into yourself and your personal development.
If possible, take some industry and skill-specific training and courses, acquire some certificates. Then decide your rate plans, structure your services, register your business, and you are ready to connect with potential clients.
10. Start a creative company
If ideas come into your mind in the middle of the night, you immediately get up and start writing down the plan so that you can work on it the following day; trust me, you have a great skill within you. That is creativity.
Not everyone in the world is blessed with the skill. For example, me! I really find it very hard to write this article! Haha. Jokes apart, if you are a person with creative ideas and have the skills to turn those ideas into reality, you can start a creative agency.
Now, before starting your own creative agency, take some time to explore yourself. Get some more ideas. Build up your portfolio. Plan out how you plan to tackle the legal troubles and contact potential clients with your business proposal. Once one of your business proposals is accepted, you are ready to launch your own creative company.