There is something very enthralling about working from the comfort of your home. When you think of ideas for small businesses you can start from home, they all have the same benefits.
You will never have to worry about what to wear, you could work in pajamas all day.
You never have to stress about missing the train or getting stuck in traffic.
Disruptions from co-workers and endless meetings at the office become a thing of the past and the best part, you can get more done and therefore make more money.
Working from home also gives you an opportunity to run your home affairs while getting the work that pays you done.
Ideas For Small Businesses: Work From Home
1. Virtual Assistant
First up on the list of ideas for small businesses, is an opportunity that requires very little investment.
With remote working gaining popularity, most small business owners prefer to work with virtual assistants who can provide a variety of services such as administrative support, technical support, and marketing.
As a virtual assistant, you can also manage calendars, and take calls on behalf of your clients when they are indisposed. All you need is a phone connection and the internet.
If you have a background in administration you have an added advantage because of things like letter writing, creating newsletters and such are second nature to you.
If you go to many freelancing websites you will find many clients in search of virtual assistants.
2. Food Business
Although highly regulated, once your home passes food safety inspections and you get the required licenses and permits, this can be a very lucrative business.
MARTHA STEWART started her catering company from her basement. Plus people must eat so any business to do with food is usually successful; unless of course, you can’t cook to save your life.
You can make pastries for instance and make arrangements with your local store and restaurants to supply them. You can also get orders directly from friends and neighbors. This is a business that can start small and simple but has huge potential for growing into a huge empire.
This is another regulated business. You need to familiarize yourself with the state and local regulations, which govern what a daycare should look like. This includes the amenities that are required, the meals that should be served, and the number of licensed workers needed for every child.
However, once approved, this can be a very profitable business because children are always being born. Parents will at one time or other need assistance taking care of their kids when they are at work, traveling or engaged in other activities.
If you have your own children, having a daycare will also provide a platform for them to develop good social skills as they engage with other children.
4. Tax Preparation
People dread doing their taxes yet everyone is required by law to file taxes. If you have an accounting background then you can make as much as $30,000 extra doing it as a side business.
If you don’t have experience but are keen to learn, there are great online accounting courses on tax preparation.
Please note that there are annual changes in the tax code and that means you must retrain every year, and you also need to get registered as a tax preparer with the IRS.
Because taxes are not filed throughout the year, this is a seasonal business but very lucrative for a side hustle.
Copywriters create promotional items for businesses. These include websites, direct mailings, ads, newsletters, commercials and much more.
If you have a degree in marketing, English, advertising or communication, this is a great way for you to make some extra money. Copywriters can earn up to $55,000 dollars a year doing it as a side business.
So if you feel there is a Neil French inside of you, copywriting is one of those ideas for small businesses that will suit you perfectly.
6. Marketing Consultants
Many small businesses don’t have a dedicated marketing team. They find it more cost effective to work with marketing consultants who they work with as needs arise.
As a marketing consultant, you guide the company or business owners on the best marketing tools to employ and how to utilize them. You also guide them on the art of blogging and social media as marketing tools and help them promote their business.
7. Web Design
Every business today will benefit from having a website.
Online presence is imperative for businesses today because most clients first find out about who a company is and what they do by doing a quick search online.
The look and feel of a website are also important for business success.
So many business owners are always in search of competent web designers that can design mind blowing websites.
If you have a background in IT or are an IT student, then this can be a very good side business idea for you.
The best thing is that you can do this work from home and only meet with the clients for updates.You may even find that you will get to leave your job when you become more established.
8. Internet Security Consultant
Over 3.7 billion people use the Internet and with so much online activity, there is also an upsurge of online insecurities including hacking.
If you’re tech savvy and understand the intricacies of internet security, consider starting an internet security consultancy business.
The big companies that offer this service are often very expensive and out of reach for the smaller businesses. Therefore there is a niche market in providing internet security to these small companies as a consultant.
Even though it requires expert technical know-how, it made the bill of ideas for small businesses because it is another one of those roles where you just need a computer and a phone. Alternatively, you could communicate with your clients through Skype.
9. Debt Collection
A debt collection service is probably something you weren’t expecting to see on the board of ideas for small businesses.
The good thing is that you don’t have to meet those who owe debts in person. All you need is your phone.
Many money lenders are always looking for debt collectors and this is the kind of business that is recession-proof. If anything, it thrives more with a recession.
You will, however, need to be licensed and the licensing requirements vary in every state.
10. Call Center Operative
If you have a telephone and internet connection you can start this business from home. You can earn up to $30,000 a year answering calls and assisting clients online.
You might have to get some training on the client’s business offering so that you’re in a position to competitively assist callers.
Some of the ideas for small businesses may seem impossible without the necessary skills. But if it sounds like something you will enjoy, go out there and learn about it.
Your business will be so much more successful if you have a passion for what you’re doing. It’s never too late to develop new skills.