Did you know that 50% of small businesses are home-based firms?
Faster internet speeds and an increasing demand for flexible work environments are driving
an increase in home-based business ideas.
By adopting a home business, you can save a ton of money on rent and overhead expenses.
In fact, many home-based businesses cost under five grand to launch.
In this video, I'll help you find a profitable business idea that you can start in your living
room, kitchen, or fill in the blank with any other room in your home.
At the end, we’ll cover a bonus tip for home-based business owners, so make sure you
keep watching.
Our first home business idea is photography.
If you like to take photos of people, places, or things, you can make a lucrative business
out of it.
People pay a significant amount of money for photographers at weddings, baby showers, and
corporate events.
In fact, the average photographer charges $2,000 per wedding.
In addition to events photography, you can also sell your photos to stock photography
sites like Shutterstock, Fotolia, and Getty.
Every time someone downloads your photo, you'll receive a commission on a per download basis.
These commissions might seem small, but they really add up over time.
The only tools you need to launch a photography home business are a high quality camera, editing
software, and an online portfolio of your work.
Home business idea number two is personal training.
If you're passionate about fitness, then consider starting a personal training business right
in your home studio.
You can also visit your clients’ homes, or use the great outdoors if you're lucky
enough to live in a place that has a temperate climate year round.
Most personal trainers charge between $40 and $70 per hour, but you can charge a higher
fee by getting certified by a national fitness organization such as the American Council
on Exercise or National Academy of Sports Medicine.
By getting certified, you can also ensure that you keep your clients safe while they're
training.
Home business idea number three is freelance writing.
If you like to write, freelance writing is a home business idea that's perfect for you.
There are lots of ways to get started.
Even if you don't have a single byline to your name yet, many creative publications,
like poetry magazines, pay for submissions from budding writers.
Alternatively, if you have years of experience in a particular industry, you can pitch blog
ideas to companies in that sector.
You can also make money from technical writing or resume writing.
A great way to pitch your writing services is on freelance job sites like Fiverr and
Upwork.
Once you grow into an expert freelance writer, you can charge $1 per word or more.
Not bad for a business that you can start in your living room!
Our fourth home business idea is social media consultant.
The world of social media is a little bit in flux right now.
Major social networks like Facebook and Twitter are reporting declining user numbers, so why
is this idea on our list?
Well, although user rates are in decline, 77% of businesses still use social media for
sales, marketing, and customer service.
Most of these businesses don't have a budget to hire a full-time social media manager.
Home-based consultants advise their clients on social media strategy, run ads, and analyze
postings and ad spend.
An experienced social media manager can charge $120 or more per hour, and all you need is
a computer and an internet connection to get involved with this job.
Our fifth home business ideas to become an Etsy seller.
There are currently over two million active sellers on the handmade and vintage goods
marketplace.
When first starting out as an Etsy seller, it will probably need to be as a side hustle
or part-time home business because competition on the platform is high.
However, if you have a product that customers really love, you can make thousands from the
Etsy platform, even six figures.
For more insight, check out our video with Tips on Opening an Etsy Shop.
Our sixth home business idea is video game design.
You probably expect to see a profession like software engineering or coding show up on
our list of home business ideas, but you might not think of video game design.
Getting paid to design code and test video games is a dream job for many people.
If you don't already have the technical skills for game design, there are plenty of tech
boot camps that can teach you the skills you need to know in just a few months.
Today, games are developed only by a few major studios around the world, so it can be tough
to break out as your own game publisher.
However, many work-from-home gamers consult with and develop games for larger studios
as contractors.
Although video game design jobs have remained stagnant for many years, this industry is
now showing an annual growth rate of almost 12%.
Even inexperienced game designers can make an annual compensation over $40,000.
Our seventh home business idea is home staging and renovation.
A good home stager is very valuable for home sellers and sellers’ real estate agents
and brokers.
On average, staged home sell at 8% faster and for 20% more money than non-staged homes.
Home staging is the art of decorating a home so that buyers can envision living in that
space.
If you have connections with local real estate professionals or home builders, you can land
home staging jobs for several homes in a single community.
Appointment scheduling and communications with sellers and their representatives can
all occur from the comfort of your own home.
Home staging is always in demand, but it's especially impactful in a slow market when
sellers want to incentivize buyers.
Self-employed home stagers can charge around $300 to $600 for a home staging consultation,
and $500 to $600 per month for each fully staged room.
Our eighth home business idea is senior care services.
Every day in the US, about 10,000 seniors turned 65 years old.
As baby boomers age, more and more of them want to stay in their own homes instead of
using nursing home care.
This opens up plenty of opportunities for nurses’ therapists and personal aides.
The number of jobs in home health care is expected to rise 41% by 2026, making this
one of the fastest growing industries in the country.
Most states require entrepreneurs to get licensed to provide home health services, but you can
focus on just helping seniors with day to day tasks.
Or, to command a higher pay, you can obtain Medicare and Medicaid certifications from
your state.
Get your business's name out there and start finding clients by advertising your business
on social media and on local associations such as the National Association for Home
Care and Hospice.
Our last home business idea is to teach English (or any other language that you're fluent
in).
Several countries around the world are generating big demand for native English speakers to
teach English.
In China, for example, 300 million people are currently learning English.
South Korea, Japan, Vietnam, and Taiwan are other countries with a huge demand for English
teachers.
The website italki.com allows both professionals and non-certified individuals to sign up as
language teachers.
You can provide your schedule of availability, your lesson plan, and pricing, and then you'll
be matched to students around the world who want to learn English.
Make an average of $10 to $15 per hour to teach English by Skype, FaceTime, or other
video software.
With a big enough roster students, this could turn into a very successful home business
idea.
And that wraps up our list of home business ideas.
Remember that bonus tip we mentioned at the beginning?
Well, our bonus tip is to treat your business like a real business even if it's home-based.
Before you get started, create a business plan to test your idea and plan for your company's
growth.
You might even want to start part-time and then slowly ramp up to full-time as your business
gains more customers.
Check out fundera.com/blog for more business insights, and subscribe to our YouTube channel
for more videos.
Thanks for watching, everyone.