To make the transition as smooth as possible, we’ll cover how to plan for your big career change and what to consider before making the switch to your new job.
It seems like everybody wants to work at home these days. From being your own boss to choosing your own hours, entrepreneurship appears to be a smart alternative to the standard 9-to-5.
In this blog post, we’ll take a look at the top six home-based business ideas you can start this year. We’ll cover the potential difficulty and payoff you might encounter with each option plus a solution that helps you offset some of the risk associated with starting your own business.
Starting your own business for the first time can be rewarding and offer lots of flexibility at work, but there are pitfalls to avoid. Here’s what to look out for before getting started:
Difficulty level: 6 out of 10
Potential payoff: A wide range depending on what you sell and how much, anywhere from $12,000-$180,000 per year
EBay is one of the oldest e-commerce platforms on the internet. What’s great about eBay is that it’s easy to get started. With hard work, anyone can start their part-time or full-time online business.
Here are steps you can follow to start selling on the site:
Difficulty level: 7 out of 10
Potential payoff: $924 per month on average
Airbnb has become a popular choice for accommodations among travelers. The reasons for their success include:
What does that mean for you? If you’re in a good location, you could have the opportunity to rent your own home and rake in cash.
Keep in mind, however, that making money on Airbnb isn’t as simple as posting your home on the site. As a landlord, you’ll be in charge of:
Also, make sure to look into what your local real estate laws say about renting your home on Airbnb. Depending on where you live, you may be required to get specific permits and insurance.
Difficulty level: 4 out of 10
Potential payoff: $17.51 per hour on average
Do you have any expertise in subjects such as math, science, or language? You may want to become a tutor. People need tutoring for various reasons, from helping their kids in school to preparing for college or certification exams, so if you understand a specific niche, you can specialize in that area.
Starting your home business as a tutor is relatively low-cost. Here’s what you’ll need to get your business up-and-running:
The hardest part about tutoring is finding clients. Places to try networking include:
Difficulty level: 6 out of 10
Potential payoff: $48,825 per year on average
From small shops to Fortune 500 companies, many businesses rely on social media for part of their digital marketing strategy. One roadblock brands often encounter is that they lack time to focus on social media.
That’s where you can help. As a freelance social media manager, your role will be to manage their social pages and find ways to grow their community. You’ll be in charge of:
Here are specific steps you can follow to become a freelance social media manager:
Difficulty level: 3 out of 10
Potential payoff: $15.31 per hour on average with peak times during vacation seasons
There are over 89 million dogs owned in the United States, with numbers on the rise.
Dog owners want their pets to be well taken care of while they're not there. As a dog walker, you’ll not only give them peace of mind but turn your love for dogs into a career.
While you won't have to deal with high startup costs, becoming a dog walker has some requirements you should consider:
Difficulty level: 8 out of 10
Potential payoff: $1 million in revenue per year and up in a niche such as painting
As a home improvement company owner, you’ll never run out of opportunities to land clients. There’s always going to be somebody needing work done on their building, whether it’s residential or commercial.
Here are a few home improvement small businesses you can start:
Home-based businesses can be convenient. No buying a storefront. No need for office space beyond your own home. And you can be your own boss. But even so, starting your own company for the first time can be intimidating.
If you’re considering a home-based business, you might be worried about financial stability or wondering where to begin. We understand the struggle. At Main Street, our goal is to give you all the tools you need to launch a successful business as quickly as possible.
How do we do this? Each of our clients goes through our unique training process to take your career to the next level. We provide the business model — you provide the grit and determination. Learn more about how it works to find out how we can help you build a profitable business you’ll love.
We're Hoist. We help entrepreneurs successfully run and grow painting businesses. Learn about how to build your company by following along on Instagram and Linkedin.
From creating a business plan to estimating your first project, we’ll walk you through the essentials of starting a painting company.
Say goodbye to the 9-5 hustle. Here is a curated list of some of the easiest businesses you can start to become your own boss.
The essential guide to the type of licenses or permits your business needs.