How does it feel to be your own boss? For many people, it’s like a dream come true. If you are one of them, then you may want to think about starting a home business and reap the benefits of being an entrepreneur. Read our guide to 8 home business ideas and find out how to start a home business.
1. Work from home
One of the easiest options is to work from home. Teleworking is becoming more common. In fact, many employers support this as they are also more flexible. In the EU, the number of people working from home is constantly increasing – 13.7% are in the Netherlands, followed by Luxembourg and Finland by about 12%, according to statistics from the European Commission.
Make sure your colleagues understand what this means in practice and how often it is possible. If you already have a laptop for work, you can get started right away.
Working from home, however, should not interfere with home life. It is best to have a separate room with a desk to use for work. Other people are even more flexible, such as working in cafes or on the balcony. Just remember that you still have a full day’s work, and convenience is important for many hours in front of your computer.
2. Working freelance
Freelance work is a good next step towards independence from the workplace. There are also many practical considerations ranging from customer acquisition to invoicing and income taxes. On the other hand, you will have more control over the projects you are working on and how much to work on.
In this case, the pay is not as stable as if you were working from 9am to 5pm. This means that in the long run, you will be able to work less and earn as much as if you worked full time. Forbes explains that freelance work is actually preferred. 84% of full-time freelancers believe that work allows them to live the way they want (compared to 63% of full-time workers).
3. Turn your passion into a business
Do you have a skill or hobby that you would like to do full-time? In the digital age we live in, many people go back to the basics – and in fact, this is a great opportunity. Do you enjoy yarn crafts? Your passion is furniture restoration? Maybe you can turn your passion into a secure income.
One way to test the viability of your business idea is to try to sell your products on websites that serve creative appetites. It’s a good idea to build an online presence and take advantage of social media. Website creation and activity on channels like Instagram are good ways to get your brand on track. The key is reaching people who may be interested in your products, ensuring that you can deliver them, as well as winning new customers and maintaining the interest of existing ones.
In addition to online sales, local markets and fairs often allow people to rent and sell their belongings. You can sell unique items or even offer custom-made items. Whatever you decide, make sure you are able to deliver efficiently and at the same time have plenty of time to handle customer service.
4. Try selling used items
If you are not making products with your own hands but you are an expert in the selection or collection of second-hand items, then this is your chance. Many people prefer to use second-hand items even for their daily needs.
Whatever you decide to sell, make sure you check out Ebay and your local online sales sites. If you specialize in certain types of items, such as vintage designer clothing – there are companies that sell worldwide that will allow you to sell for a fee or buy items from you.
Remember, when starting any business, you will need start-up capital. In this case, you will need to expect some start-up costs such as building a web store, digital advertising and managing your business expenses.
5. Become a fitness instructor at home or outdoors
This category can also be associated with a person’s passions. If you are a fitness expert who would like to pass on your knowledge to others or a certified personal trainer, this job is a good opportunity for you.
Maybe you have the space in your home to create a gym or studio? Or are you happy to travel to meet clients? Either way, there is a great demand for fitness experts to help people get fit, improve their fitness, or even just become healthier overall.
There are many sub-categories for fitness professionals, including yoga instructors, dance instructors, or even wellness coordinators who work as consultants. Other related activities are nutritionist or physiotherapist who require degrees or formal training.
6. Appears as a stylist or hairdresser
Weddings, dances and birthday parties – people always want to look good. If you have talent and experience in makeup or hairstyles, why not make it a business? Especially if you want to travel to your clients, this is a very good idea for a home based business.
Social media is a good way to promote your talents and show your happy customers. Instagram is a great place to show makeup and hairstyles. Just remember that you must always be allowed to post photos of people publicly. Don’t hesitate to promote your work online and let people see what they can get when they use your professional services.
7.The concept of bed and breakfast
The concept of a bed and breakfast is not really new and has been around for hundreds of years. Opening homes for travelers has always been in demand and has advantages over hotels. For homeowners, this means they can work from home because their home becomes a business. For the traveler, this often means a cozier and cheaper stay compared to the sterile atmosphere of the hotel.
8.Use your writing skills
Every day you read the text that interests you – blogs, practice guides, advertisements and articles. Businesses may not have the time or resources to fulfill all their writing needs, so project work is available worldwide.
On the one hand, it is a very thriving business and there is a great demand for written content. On the other hand, it also means that the market is competitive. What distinguishes you as a writer? You are self-taught and have a great portfolio? Or do you have a language or communication degree that you want to earn from? Show your work to all potential clients so they can see why they should choose you as their writer.
There are also markets for professionals such as technical writers, UX writers and more. Based on your education, professional experience, and personal interests – find the right audience for your work and establish yourself as a great writer in the field that suits you best.
Whatever you decide to do, creating a business plan and getting the right supplies is key. If you need help with start-up capital, see more about short-term loans and financing options that you can take on the path to success.