Workplaces and job markets around the world are undergoing a change and with that the modes and means of earning a livelihood are witnessing enormous sea-change as well. With economies throughout the world still recovering from the economic slump of 2008, the total number of people doing part-time jobs over and above their regular ones have tremendously increased. W0rking individuals since long have been compelled to explore the scope and feasibility of working from home as job markets have shrunk globally. People have started realizing the convenience and benefits of making a living from home vis-à-vis working out of office. Some of the most lucrative work-from-home job options include graphic designing, tutoring, consulting, content writing, market researching, and so on.
The idea of developing a home based business can be a daunting task. The growth of “Information Age” has made it easier for home based entrepreneurs to capitalize on this opportunity. It is all about awareness and how you utilize the opportunity. Use the internet and build a good network. Having strong connections and being good in networking can help you generate good amount of income.
Leveraging the power of internet and utilizing effective tools can help you promote your entrepreneurial venture. Having an idea of online promotion gives you an upper hand over your competitors. Stay updated and you will be able to find new means to reach out to more and more people. When you start any home based venture you must make sure that you take help from credible sources and stay away from scams. Making a proper research and reading more about different entrepreneurial venture gives you an idea of the opportunities that are prevalent.
If you are ready to give your time and effort then there are tons of opportunities waiting for you. Web development, network marketing, MLM, internet marketing are some of the areas that are in demand and they are here to stay.
Conducting your own business from the comfort of your home can be really exciting. Getting into a home based startup that is profitable too can be an entrepreneurial dream. Here are some of the most exciting home business opportunities that you can try out.
People always tend to spend huge sum for having a successful party. There is a big demand for planners who can arrange the whole event from mailing invitations, decorating the room to stocking all the goodies required for the party.
Today almost every business has a website and they like to keep their data secure from their competitors. If you have the experience to help out new entrepreneurs with their businesses then you can try this out. It is difficult for the small and medium sized businesses to hire full time consultants and they like to take help from a part time home based consultant.
Full time developers and various web development firms are always on the lookout for freelance graphic designer to help them out in their project. If you are good at graphic designing then you can easily work from your home and design logos or psds for their apps or websites.
Setting up your own business is always a dream that you would like to achieve. If this can be done from the comfort of your home then it would make life even better. But there are various aspects that you need to study before you think about conducting work from your home. You need to have a holistic approach and make sure that communication is the key while conducting the work from your home. Make sure that you set up a proper platform that helps you in staying informed about the work done and there is no compromise on the quality of service. Most of the communication would take place through emails, phone or Skype. The work timing and availability of your team members is also important and you need to discuss it before starting a project.
There is nothing like weekends
When you are conducting work from home then you don’t get to see holidays on weekends or other occasions like thanksgiving or Christmas. If you talk to entrepreneurs conducting home based work then they would tell you about the weekends, holidays, birthdays that they have missed out. It is all about time management and the amount of sacrifice you can afford to do. Since you will be having clients from different parts of the world, it will take you several years before you get a full vacation.
Less amount of respect
Unfortunately this is the truth, no matter how much you work or stay busy. Your friends, relatives and sometimes even your family members will feel that you are not as busy or dedicated as others who do a 9 to 6 job. When your friends are free they will call you for long outings as they feel that you are just at home and not doing any work. If you are not able to join them then they feel you’re perhaps making an excuse to stay at home.
Tough to go back to normal work course
If you want to go back to the normal career path and want to join a normal 6 to 9 job then it would be tougher for you as compared to others. Once you get addicted to working for yourself from home then it becomes very difficult to return to the normal course of work.
You are never finished with your work
This is another truth that makes life difficult for people working from home. None of your clients would be ready to compromise on their deadlines and before you finish with you present work you would start planning about the next one. Its important that you start improving your compartmentalization skills.
Stop me if you’re heard this one before – some company will offer you a chunk of revenues, if you promote and sell their products for them.
And truth to be told, this does sound good on paper. You don’t need to buy your own product and spend thousands on developments. This is known as affiliate marketing.
The problem with this business model, is that it is incredibly difficult for a beginner to get into. There are LOTS of things you need to learn, such as website design, SEO, marketing, ad copy etc. And believe me, there are some big boys out there in the industry today who would absolutely CRUSH you at this.
If you’re like most people, you aren’t technically savvy. And that’s perfectly fine. If this is the case though, I highly recommend you stay away from anything that has to do with affiliate marketing. Seriously.
Now if you still decide to pursue this, here are some tips:
- Only promote products that you are 100% comfortable with selling. You’ll feel a lot better promoting them, and not feel like you are ripping somebody off for a profit. This translates into good feeling about your business, and inspires you to work harder. If you have never used the product before, don’t sell it.
- Promote based on your own experiences, and put things into the context of your own daily life. This helps other people understand what you are saying a lot better.
- Learn technical skills. I’m sorry, but there really is no way around it. If you think you can get away with hiring somebody to do all the grunt work (like building a website, SEO, marketing etc.) for you, sooner or later you’ll be ripped off. Even Steve Jobs taught himself to code just so he could keep up with Wozniak.
- Find high margin products. There are MILLIONS of products out there that will net you $10 per sale in profits. That, in my opinion is a colossal waste of time. To put that into perspective, you need to sell 1000 units to make $10k. If you sold product that are $1000 per pop, you only need to sell 10 units to make the same amount of money. This makes customer support easier too, as god forbid do you want to be running around dealing with 1000 customers.
I’ll be talking more about these topics in the future! But in the meantime I hope my tips have helped you.
This is a continuation of Part 1 where we discussed the various business ideas you can get into. So let’s get straight into it!
Ahh. Bookkeeping. Not a very sexy sounding business idea, but nevertheless an important function for many businesses. To become a qualified accountant, you do need a CPA. This might take time to obtain, and it is certainly worth getting one if you are somewhat decent at numbers.
Be warned though, it does take some time and trust to build up a large enough client base for your investment to pay off. CPAs also have the added advantage of value add to yourself, so if you do decide to work for a corporation one day you’ll be at a head start.
A lot like child care (both of which require diapers!), a large population of the world is now old. This is huge opportunity for you, and if you branch out a little bit and help seniors with basic tasks you will stand to have a successful business.
Some services you might look to bundle up include transportation, house cleaning, dietary help and others. As always before starting any type of business, do your research. Please. Do not jump into things you don’t understand. Find out how many old people there are around your area and cater to them accordingly.
If you have a thick skin, this could be the business model for you. There are plenty of failing businesses out there (hopefully not yours) and most of them require some assistance with collecting past due bills from other people. You’ll need next to no equipment here as well – you can get by just fine with a computer and phone. You stand to receive a cut of all received debt.
Debt collection is a well regulated industry though, so make sure you do your research and not end up doing anything illegal. There ARE best practices that you need to follow.
You can help other people get rid of their junk for a fee. People always have spare crap to get rid of! First of all, you need to find out what type of junk removal services there are in your local town. Depending on what you need, this might all vary. You MIGHT need some specialised equipment though.
Make sure you get certified to deal with hazardous materials. Definitely not for the light hearted.
This is one industry that will never die. There are plenty of cleaning operations that can easily be run from home, but make sure you fit things within your budget. Home cleaning services are very low budget, however if you are looking to clean large commercial buildings you might end up spending quite a fair bit on the equipment.
Whatever you do, start marketing your service right away to the right people. It takes time to grow a small business, but as long as you focus on providing a quality service you’ll be doing just fine.
Have a look at this video from a guru at Silicon Valley! It’s a great piece of teaching that will improve your customer acquisition process!
Hi there! Welcome to this brand new blog that will help you make a couple of good decisions towards your financial freedom. If you’re feeling lost, don’t worry. I’ve got your back.
If you are thinking about starting your very own home income generator for whatever reason (sick of your boss? tired of dealing with idiots at work? just wanna pay off those bills?) you’re in the right place.
See, there are many options available to the aspiring entrepreneur. However making the right decisions in picking a model that best fits your personality and current situation might be difficult.
There are many things to consider, such as your skillsets, interests, available capital and models with the best chance of succeeding. So in this 2 part post, I’ll narrow down some of the options for you to make a rational decision.
Given the current aging population, along with the fitness boom that is taking over the world right now, training other people to lose weight or get stronger should be a great opportunity for you. You get to work at your own pace (most of the time unless you are training someone to do cardio) and get to deal with clients either in their homes, or at fitness centres.
You DO need a professional qualification to become a personal trainer, and there are a wealth of other documents you need to prepare for such as insurance and certifications. Consult an actual agency to find out more. This business model is great for the fitness junkie!
Child Care Services
If you enjoy working with children, you should think about starting a daycare centre. This is a great option for those of you with capital constraint problems and do not want to go out of your way to buy infrastructure. Before you jump into it though, you should check the nation’s (or your local state’s) laws and regulations. There are helpful information on government portals, such as this one. Make sure what you are doing is legal!
Like with all other businesses, you need to get insurance, licensing fees and much much more. Consider buying things like toys and educational material to keep the kids occupied.
If you have had previous experience as a business owner (or if you’ve worked in relevant sections of a large corporate giant in the past, you should think about mentoring. It could be a great opportunity for most people to start sharing their knowledge.
Be warned though, you need to be legitimate. It’s extremely difficult to sell something to another business owner that you do not have first hand experience in yourself. Network with the others in the business world and figure out what their needs are, and position yourself accordingly.
This is one of the weirder industries that people get into nowadays! Because administrative work is so crucial to anybody in industries such as law and medicine, transcriptions are always in demand. Overheads are low as well since you pretty much have everything you need at home already (assuming you have a laptop and internet connection!)
You will be listening to audio recordings of legitimate documents, and straight out transcribe them. It’s pretty easy if you are a quick typer. You should be able to connect with the other people in the field relatively straightforward. Consider using software such as Dragonfly and TextMate.
In Part 2 I’ll be going over 5 more businesses you can start looking into!