6 business ideas from home to earn extra income

6 business ideas from home to earn extra income

When someone talks about starting a new business, the first thing that comes to mind is the investment that you will need to make, not to mention the effort and energy that will go into it.

However, in this article, we are going to discuss some great ideas for business from home in various fields. In addition, most of them will need low investments like computer system and internet connection to start working from home. Depending on your interest, you can choose what pleases you the most.

1. Website design

Website design is a great home business that anyone with a basic understanding of design and websites can start. However, even if you lack these skills, there are many free courses and videos available on YouTube, so you can start learning these skills.

Plus, if you decide to become a WordPress or Wix website designer, you don’t even need to learn how to code. This skill is only necessary if you want to create custom websites for clients.

As a website designer, your main job will be to develop new websites, modify existing websites according to the needs of your clients, or provide ongoing support to your clients through their websites as they expand their business. In addition, it is very easy to get started, all you need is a computer system and an Internet connection.

After the pandemic, most companies have gone online and almost all of them need a website. Hence, you can start offering cheaper rates to small businesses and build your portfolio. As you continue to gain more experience and develop your skills, you can charge a professional fee.

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2. Affiliate Marketing

Another minimal investment home based business model is affiliate marketing. Here, your job is to market other people’s products, and if people buy it from your link, you get a commission. It’s a great option if you don’t want to have to worry about keeping an inventory of products in place, renting a space for that, and dropping shipping.

However, to build a profitable business in this field, you will need to establish a niche, build an audience, gain their trust, and suggest the right products to buy. You can create a website, write product reports, buying guides, product reviews, and help people make an informed decision about the right product for them. In the meantime, you can suggest them to make the purchase using your link, as you will get a commission from it.

If you already have an audience, let’s say on your social media accounts, you can join some affiliate programs to make money on Instagram. You can scale it up from there – create a website and delve deeper into the topic. Plus, you don’t need to stick to just one place. You can also create multiple websites that offer different types of products.

3. Virtual Dance Coach

Becoming a virtual dance instructor is a great business idea from home. One of its advantages is that you will not need to invest in a large studio space, which can cover your student pool. Besides holding regular classes, you can create one-off lessons or courses for your students and sell them on your website. This will add to your passive income.

The only tools you will need to start this business from home are a good camera, webcam, computer system, internet access, and video editing software. Later on, you can get other essential things like the unified splash screen to build a brand as you go and appear like a pro to your clients.

Moreover, while creating one-off courses or lessons, instead of investing in high-end cameras, you can rent them for a fraction of their original prices and return them when you are done with your work. Another benefit of this business is that since everything is virtual and location is not an issue, you can take your business globally and scale it as you go.

However, you will need to learn and spend time and money in marketing to do so. But again, you don’t need to make big investments in the early stage, as you can start with a free social media account.

4. Personal trainer

According to one report, the global virtual fitness market is expected to grow by 33% from 2020 to 2027, with a value of nearly $60 million. Hence, it is another great option for a home business. Similar to becoming an online dance instructor, you can reach a wider audience this way as well.

Plus, with the popularity of social media these days, getting started with marketing can be as simple as creating a new Instagram account and starting to build an audience. You can attract all those people who are looking for a personal trainer but live in remote areas or have busy schedules.

Gradually, as this business starts to take off, you can hire more fitness trainers to handle many clients and invest in better equipment.

5. Freelance writer

Freelance writing is another great option for a business from home. In this case, you will need to write articles, blogs, e-books, or more for your clients. You don’t have to be a great writer for this. Instead, you just need a basic understanding of the English language, its grammar, and the niche in which you want to write.

Once you decide, you can build your portfolio by posting articles on free platforms like Medium or LinkedIn and start attracting clients. Some great ways to get paid freelance work is to apply for jobs, connect with recruiters on LinkedIn, network, or simply ask your friends, family, or local businesses in your city if they need any content for their online business.

Besides, there are a number of freelancing blogs and courses available that you can use to learn more about them. They will teach you the basics of freelancing, how to get your first paid client and expand your business as you go. The only tools you need to get started is a computer system, Internet access, and some quiet places to work.

6. Freelance Copywriter

This business model is similar to freelance writing. However, in this case, you will need to write ad copy, landing page copy, email newsletters, or social media posts and your main goal will be to get more sales for your customers.

As a freelance copywriter, you can charge more than you would as a freelance writer, but it comes with a huge responsibility – you’ll need to get results for your clients. Hence, it is a good idea to first invest in a good copywriting course or get a mentor before you start offering these services.

Initially, you could consider writing for lower paying clients and ask them to share the results they get from your writing, which you can show to new potential clients to get the highest bucks.

Low investment business from home

All of the options we have discussed are easy to get started with and require minimal investment compared to most other companies. However, if you want to succeed in any of them, you will need to work even harder.

In addition, at times, staying at home can be distracting and can make it difficult for you to focus on work. Hence, consider getting a separate space and scheduling a specific time when you work at your job to separate work from your regular life.

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