Home Based Business

home based business big house

Introduction

At present, one of the most common way to earn money is a home-based business. Especially in times like COVID-19 restrictions, running a business from home sounds like the most incredible idea.

Nowadays, we have much more opportunities provided by technology, which give us more flexibility where and how we can work. Nonetheless, you can find here some pros and cons, and if you are looking for answers, then you are in the right place.

First of all, imagine the comfort and the ease of working from your home at all times. Important to realize is the fact that your whole life will twist in one place.

For example, your office located on the first floor, storage in the garage, and the rest area on the second floor. In other words, you will live at work, and yes, that’s what home-based businesses is. Mind you that this doesn’t necessarily mean that you won’t ever have to leave your house.

Several home-based businesses, like interior designing, for example, have to leave the house to provide their service. Stay at home, however, doesn’t bound these types of business at all.

Furthermore, one could say that it becomes a place where you operate your entire business, making it your office. This situation saves you from extra expenses, like rent, getting new furniture, lighting, etc. which make sense at the beginning of a new business.

Let’s dive right into the details and figure out the ins and outs of home-based business!

What is home-based business PROS?

Running a business and making money from your home’s comfort is genuinely as good as it sounds. But there are several other benefits to it too, which we’ll talk about below.

By all means, you are the boss.

On the positive side, no one can tell you how much work you must do per day. Therefore, no other boss can say to you when you must come to work or take day-off.

Finally, you don’t have to sign a holiday form and wait for the decision, because it is yours. For this reason, you are more flexible in all activities.

Moreover, you can create a day plan that suits you the best. You can read more about planning the day in the blog post.

Time and money saved at home

home based business pile of coins with clock in background

Another essential point is the wasting of time and money. Even though it’s self-evident, I had to mention this particular advantage.

When you’re running a home-based business, you don’t have to worry about travelling to or from work. Reducing to zero your precious time and money wasted on car fuel or bus ticket can be very beneficial.

Not to mention that losing money is undeniable damage, let’s talk about wasting time. Because of staying at home, you don’t have to waste time getting dressed up or do makeup.

With this in mind, you can spend every additional hour per day, for something important. For example, creating a new project or improve an existing one. At this instant, you can organize a “pyjama party” in your office or seat naked in front of your PC.

Nobody sees, nobody cares. I call it freedom.

The family quality moments

family-eating-at-the-table

However, if you are not single, then a significant point is a family. Indeed, the most beautiful and heartwarming advantage of running a home-based business is the fact that you get to have the highest amount of family time.

No matter what you’re doing or dealing with, you’ll always have your family all around you to cheer you up. When you’re on a break, you won’t be having lunch with a bunch of colleagues. Instead, you’ll be enjoying a hot, home-cooked meal with your family in the comfort of your dining room. Family dinner possibly is one of the best advantages of running a home business.

Most other business owners are wishing to get some time off to spend some quality moments with their families.

The freedom from doing business at home

How do you feel when you come home from work? Tired, frustrated, or maybe angry with the boss? Didn’t get a salary increase or leave approval again? Are you stuck in traffic jams or a crowded bus on your way home? Or maybe your colleague from work pissed you off?

The typical pattern is how 95% of the population complain, and they do it every day. Was this the lifestyle you wanted? I know the answer.

Running as a business boss will remove such questions from your daily routine once and for all. Well, without any restrictions and not necessarily wise commands, your life will become easier. How do you like the first phase of your freedom?

Additionally, imagine that your business is already doing so well and that you don’t have to work 12 hours a day. To keep it running, you need a few hours daily to maintain the tasks. You can spend your free time on whatever you want – absolutely everything. Isn’t this fantastic idea?

Now you can tell me how you like to describe the word “freedom”?

What is home-based business CONS?

green thumb up and red thumb down on black background

Although running a home business sounds like a plan that could hardly ever go wrong, there are still quite a few loopholes in the design.

Now, let’s look at the not-so-bright side of running a business from your home.

As we recently talked about family time, lets’ discover the dark side of it. Although you do get to spend a lot of time with the family, running a business from your home can also disrupt your family life.

For a start, your family, especially your kids, might become interference in your business dealings, which could annoy you. And soon enough, it becomes hard to prioritize and divide your time between the two.

If you’re around your business and your family at the same time, the different lines between the two start to blur. 

Major changes in your life

On the negative side, also you need to maintain a high level of self-discipline; otherwise, you will not succeed. In contrast to everything else, this is an essential factor.

Most compelling evidence shows that more than 60% of new businesses fail due to lack of preparation. In that case, you must change a lot of your life habits before you start a new career.

Therefore, if you haven’t, of course, read  the article “Fortune Frenzy” in the first place, please do it now.

Some times people running businesses from their homes suffer from isolation, and the feeling of being out of touch with people. All in all, if you are a single person, of course. This feeling is much worse for people who came from an office-work background. 

Once you have finally decided to go through the drastic change in your life, this change may be severe.

Home-based business - the final word

Another big question you probably ask is money, so how you can start a business with no money?

You might also be wondering what business could you possibly start from your home.

Well, to name a few, you can do a million different things, but you are not here to get the endless list.

Instead of that, a comprehensive solution is here.

Bellow, from guides to the three fundamental pillars, this website consists of all the accurate information.

All you need to ensure a safe and secure start of your home-based business.

home-based-business-diagram

In conclusion, running the whole thing from scratch is tough, but can prove to million-dollar benefits in many cases.

How to start a home-based business that will succeed?

1. Prepare yourself mentally

At the first point, you need to ask yourself if you are ready to become the boss. Running a business may not be demanding, but it will become very demanding over time.

To be successful, you have to start with the basics. Believe me that it is not enough to surf the Internet searching for a superb business idea and then start doing business.

The most crucial point to start with is the motivation and the desire to change. Indeed you have watched various videos on YouTube about wealthy people. You never wanted to be like the rich people in the movies? You wanted to, but you just lacked the motivation, determination and, most of all, self-confidence.

Learn what personal development is and why it is so important in your life.

2. Skills development

You will read that the best way is to turn your hobby into earning money online in many guides. Honestly, I do not entirely agree with that.

For example, you may have a very unpopular hobby and will be hard on you to earn money. Of course, a fundamental fact is that it will be easier for you to sell your knowledge as a specialist in a particular field. Check how much the world needs your skills and how much money people earn from such a hobby.

If you find these answers satisfactory, you can quickly start a business based on your hobby. However, if the answers do not look very well, you can always develop new skills and interests.

Nowadays, you can quickly become a specialist in almost everything, because access to free knowledge is enormous. Besides, learning new things will develop you intellectually, and this can only positively affect the rest of your life.

Summarizing, check if your hobby will bring you any money, and if not, look for a new hobby and start making money.

3. Brilliant business idea

Below are some ideas for running a home business, along with a description of benefits and investments.

Based on your hobby, you can choose one way to earn money. But of course, you are never limited to just one way. You can choose several ways that you can combine into one working business.

If you decide to do affiliate marketing, you can publish a post on Facebook, but also if you make a video about it on YouTube, you will double your chances of earning money.

To fully understand what I’m writing about, please watch this short YouTube presentation, in which I recommend the product.

Please pay attention to the detailed description of the video in which I posted the affiliate link. Moreover, there is also a link to my website with a more detailed description of the product.

As you can see, combining different earning money methods is very useful in increasing the possibility of reaching potential customers.

If you keen to learn much more about this online money making method, please also read the article success guide I have prepared for you. All my current business is built on such foundations.

What home-based business I can start without money?

This could be a great home-based business ideas for moms who, for example, stay at home looking after their children anyway.

1. Social media jobs

All your job is to like a YouTube video or Facebook post as well as adding a comment. You can take it as an extra job or as your main activity as there are tons of advanced jobs on offer.

Of course, you don’t need to have any special qualifications to watch and comment on YouTube videos. However, if you are fluent in social media accounts, a more advanced job is waiting for you.

Earnings will vary depending on your commitment. You can spend a few hours a week or several hours a day and earn anywhere from $ 75 to $ 1,000 a week.

Click on this affiliate link if you are interested in social media jobs to fill out your application.

  • Investment: $27 – Training fee
  • Profit: depending on your commitment up to $1000 per week

2. Affiliate marketing

Not to mention that starting is entirely free, and developing this business can bring you a nice profit.

For example, joining the eBay Partner Network seems like a good idea. The program is not as restrictive as the Amazon program, and you can also earn some nice money.

Especially now (December 2020) people are shopping online a lot. You can easily give these people exciting ideas. Read this article if you want to know more about what affiliate marketing is.

  • Investment: $0 – your time only
  • Profit: depending on your commitment – unlimited

3. YouTube channel

You can easily set up a YouTube channel, for example, in the form of a vlog.

Although setting up a channel is free, you have to wait a long time for the first earnings.

Another better solution would be to advertise the products you recommend from your affiliate business, for example. If you develop the channel well, you can also count on sponsors who want to promote their product.

Of course, if the channel becomes famous, it will also receive money from the ads that YouTube will place in your videos. You will find out more details if you read how to start a YouTube channel.

  • Investment: $0 – your time only
  • Profit: depending on your commitment – unlimited 

4. Selling online

You can sell anywhere, and the most friendly way will be eBay or Facebook.

You will ask what to sell? For example, search in your own home for any items you do not need and put them up for auction.

Additionally, you can talk to all your friends and ask them to let you sell the unnecessary things that they have. You can then share the profit 50/50.

All you have to do are photos and descriptions of the items. The price for listing on eBay is a few cents, while on Facebook it’s free.

It is an elementary and cost-free form of earning money from which you can start your home-based business.

  • Investment: $0 – your time only
  • Profit: depending on your commitment – unlimited

5. Publishing on KDP

Very similar to the YouTube channel’s case, the profits will not be immediate, although the investment is also zero.

On Amazon KDP you can publish your e-books as well as many other things. For example, simple products such as notebooks, colouring books for children, calendars or much more.

There are no restrictions on publishing products on Amazon KDP; your imagination is the only one that exists.

Moreover, if you subscribe to my newsletter, you will receive several simple products templates as a gift. You can put them up for sale without fear of copyright infringement.

  • Investment: $0 – your time only
  • Profit: depending on your commitment – unlimited

6. Copywriter

By using a simple spell checker such as Grammarly, you can provide writing services. You can create articles for bloggers, product descriptions or e-books on request.

It is quite possible to earn a lot of money with little investment. Of course, you don’t need to use Grammarly, and you don’t need to invest any money.

Remember, however, that only well-written texts will get the right price. To start this type of home-based business, all you need to do is sign up for Fiverr or advertise in social media.

Read this excellent article if you want to know more about the opportunities Grammarly offers you.

  • Investment: $28 per month or $132 pee year 
  • Profit: depending on your commitment up to $1500 per month

7. Graphic designer

If you can create computer graphics, you can make custom banners, logos for companies, covers for e-books, covers for Facebook pages and many more.

You can use paid software such as Adobe Illustrator (FREE trial) or Affinity Designer for this purpose.

However, if you don’t have the graphic skills, you can use free software like Canva. Very little to do is sign up for a free account, and you can create any projects.

Then, to start selling your work, you can advertise on Facebook or join Fiverr, where you will gain new customers. A little more work than as a copywriter, but you’ll also earn more money.

  • Investment: $0 – or paid software
  • Profit: depending on your commitment up to $3000 per month

8. Become a blogger

Blogging is an increasingly popular form of earning money. Although you cannot make money on the first day, you can create quite a lot of passive income over time.

Everyone can start a blog, and there are no age restrictions or skills here. There is also no significant investment as you only need to spend a few dollars on hosting and domain to get started.

Most new bloggers choose this form of earning money because they want to become their boss. Blogging allows you to escape from regular work and make your dreams come true instead of other people’s dreams.

If you are interested in this form of making money, read how you can monetize your blog.

  • Investment: depending on software choices: website host, domain, plugins
  • Profit: depending on your commitment – unlimited

9. Dropshipping meaning

According to Google Trends more and more people are starting to be interested in this form of earning money. One of the largest dropshipping centres is Shopify, but other places offer similar terms.

In a few words, what is dropshipping? Nothing but your online store that works like Amazon or eBay. The products are provided by external suppliers who will also be responsible for delivering them to your customers.

You can build your store website on one of the platforms such as Shopify, which will provide you with all the tools. Marketing your store and advertising its products is your job.

Although the process of setting up the store is not complicated, you can earn your first money only after a few months. Usually, it takes around 12 to 18 months, but Shopify boasts that it will take up to 4 months. I will turn a big blind eye to it.

Also, remember that such a store will not be your property. The website and domain will belong to the platform on which you will build such a store, so it may be worth thinking about setting up the store yourself.

Buying a domain, hosting and setting up a store with WhooCommerce may not be more comfortable, but at least it will be yours.

  • Investment: depending on software choices: website host, plan costs
  • Profit: depending on your commitment – unlimited

What is my home-based online business final world?

There is a huge difference between well knowing the path and walking the path. In my opinion, today is a great time to start your own business. What are your thoughts on this? Do you find it easy to start your own home business? Please write in the comment what you think about it, let’s talk.

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