Starting a business from home
If you’ve ever toyed with the idea of starting your own online business, then 2020 has certainly been the year to show the many benefits of doing so. With so many people now being forced to work from home for the foreseeable future. With countless more losing their jobs and shutting down their businesses because nobody is allowed to go anywhere. Then starting an online business from the comfort of your own home and not having to rely on people coming in when they want to buy something is definitely a thing to be considered. A business you can easily start from home must be an option.
Bringing an idea to life
Of course, having an idea to set up a business, even if it is from your computer and actually being able to bring that idea to life are two completely different things. You may not even have an idea what type of business you can start yet and feel pretty overwhelmed with what steps you think you need to take to get it off the ground. So, in this post, we’re sharing with you 5 businesses you can easily start from home, and hopefully, this will help you on the path to starting your own business sooner rather than later.
The coaching industry as a whole has seen massive growth over the last few years and is only set to grow even more. There is a clear demand for all kinds of coaching, from business coaching, relationship coaching, parenting and even nutrition coaching.
Although the coaching industry itself isn’t regulated the way things like counselling or other forms of therapy are, from an ethical standpoint, you should never be coaching on things you have no real knowledge or experience.
So, for example, if you want to start coaching people on having better relationships with their spouses or at work, then this is an area you should be experienced or qualified in.
It’s also a good idea to get accredited as a coach as it gives you more credibility and helps you stand out over someone who just decided to become a life coach but has no real-life experience to speak of.
The other benefit of getting a coaching qualification is that you’ll learn the different aspects of building your coaching business, such as the skill set needed to be an effective coach, how to market and how to find clients.
If you have skillsets that you’ve picked up from working for others, such as marketing, technical skills or anything you think could help businesses, then why not consider offering your services as a freelance consultant?
Working for yourself as a consultant is a great way to utilise your skills and earn good money, but on your own terms. If you’re freelancing, then you can choose your own clients and hours to suit your lifestyle.
The only downside with consulting is that traditionally many consultants are needed to work in-house, even for a day or two since they’ll be setting up systems and even providing training to staff and teams.
However, depending on what you offer, then you could also look at the ways you can avoid working in-house by offering things like Zoom consultations.
3. Virtual Assistant
With so many people now setting up their own online businesses, the need for other people to come on board and help them with the tasks they don’t enjoy or aren’t good at has rapidly increased.
For example, if you’re great at managing spreadsheets, calendars and other types of admin work to keep things organised, then you could easily be offering this as a service to a business owner who feels a bit frazzled and overwhelmed by everything they need to do daily.
Starting an agency used to be something that was typically a very high-cost business, as you would have needed a premises, to hire a full team, and unless you already had the funds, you would likely be relying on bank or investor loans to raise the needed capital to get you started.
Nowadays, thanks to the internet and social media, starting an agency of your own is nowhere near as complicated as it used to be, which is also why there are now so many people doing this and offering their services to business owners around the world.
You could start a full-service digital marketing or advertising agency, or you could niche down and focus on something like SEO, social media or copywriting – it’s really about whichever you’re interested in and have skills in.
If you’re unsure which services people will pay for or what the market is looking for, then your initial market research is really going to help you here. Start by doing things like surveys on social media or you could take it a step further and look at using market research panels. As defined here, a market research panel is a selection of research panellists who have been specifically chosen for market research. This allows you to understand how well, or how poor, your product/service works.
Whilst many social media gurus will try telling you that blogging is dead, the reality couldn’t be further from the truth. When it comes to building an online business, blogging is still one of the best ways to market yourself organically – especially when using SEO correctly.
Starting a blog is simple to do and you can be set up in a few hours, so it’s really about finding a topic you’re passionate about or have a lot of knowledge and won’t get bored of writing about.
Making money with a blog won’t happen overnight, but you can use things like affiliate marketing and also create your own digital products to sell on your blog so this, when done right, can easily turn into a fun, and highly profitable online business.
We really hope this post has helped give you some ideas about what kind of business you can start from home. Whether you’re just looking for something on the side of your job or are hoping to build an empire from your living room, these ideas should get your creative juices flowing.
As an experienced business and finance writer I understand the corporate landscape and the driving forces behind it. Over the years I’ve shared my insight and knowledge with key industry publications and dedicated my time to showing how business leaders can make their organisations more effective.