Having another stream of income has become important nowadays for everyone these days as the global recession has been taking its toll on all of us. If you have a few extra dollars that you feel can be put to good use but are not sure what to invest in, look no further. Below you would find the best 5 in-home-based business startups that you can do to make your investment put up to the best of use.
As everything has become fast-paced and processed, killing the environment and using harmful chemicals, any homemade product is a win for the environment and the moral compass of the customers. In-home-made products give a sense of warmth and a personal sense of reliability to the customers. They feel their money’s worth as well as a feeling of satisfaction to consume these products. You can make the following products by just using a bare minimum capital and easily available items around the house:
- Homemade savories (jam, pie, food, etc.)
- Homemade candles
- Home stitched clothes
Making these items would first off, help you stroke and satisfy your inner creativity as well as help you stay in control of your business. This is also a means to empower those people who stay at home and cannot find the time to gun for a 9 to 5 job.
Marketing your products would also be easier and less stressful as now social media have become a virtual marketplace for you to showcase your products and target a larger audience. Facebook Marketplace is a viable option.
If you have access to some extra time and a laptop, say hello to some extra income as there are tons of people in need of your expert help. No matter which profession you belong to, there is a need for your expertise and craft. Businesses nowadays have shifted their focus over to outsourcing most of their tasks in order to save time and costs. This is where your skills would come in handy as whether you are a programmer, developer, editor or writer, you would be getting a sufficient amount of projects from which you can earn a lot all just from the comfort of your couch or study table. The most common freelancing skills or tasks required are as follows:
– Video Editing
– Website Designing/Managing
– Copywriting, Content Writing and Proofreading
– SEO management
– Social Media management
With the recent rise and fame of Fiverr and Upwork, it has become uber easy for you to find the right projects and people to do and get your work done in the most efficient way possible.
Digital marketing is the next step toward business marketing around the world. Most of the top brands around the world have dropped the norms of traditional marketing and have budgeted huge sums of money and focused on digital marketing. And in order to reach the right target audience, affiliate marketing comes into the mix. Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought by the affiliate’s own marketing efforts. If you have the digital marketing skills and can put them to good use, you can easily bring traffic to websites and earn commission in the midst. You could even turn your own audience into customers. You would also have to shuffle between different types of affiliate marketing as each business would have its own specific need and business models.
Start a Dropshipping Business
Now you may have come across this word a lot in tons of articles, but the truth is: it is the best bet. For those new to the concept, Dropshipping is a retail strategy where the third party takes the orders from the customers and presents those orders to the supplier or brand. Then he directs the supplier/brand to deliver the product to the customer’s address. This would look somewhat like a mediator as you would be acting as a bridge between the customer and the supplier. However, you would be making a hefty commission during this process and would also be able to enlarge your circle and client portfolio. Most of the drop shippers have made their presence known on various online selling platforms like Amazon, eBay or AliExpress.
This would also help you promote any local business in your community and can also help ensure sustainability to many of these local manufacturers’ businesses.
With the world becoming a global village and a huge number of businesses emerging, the need for applications never could be this high. Many companies and start-ups want to have their product in the limelight and what’s better than their products to be readily visible to the customers in the palm of their hands. Every business is gunning to have, if not the best, then an application made for their product so that they can easily market themselves and be available to the customer 24/7. This is where the need for application developers arises. Companies have behemoth-sized budgets dedicated to their applications and any app developer can earn from $500 to $25000 easily. Now it is understandable that not everyone is tech-savvy but there are tons of online courses available from where you can easily study programming and get certified for free. Udemy and Coursera are one of the many viable options where you can learn programming and start developing applications just with your laptop and a cup of coffee of course!
So there you have it. It has become difficult to maintain a steady source of income and at times it even gets difficult for the best of us to get through. The above-mentioned in-home-based startup ideas could prove to be game-changing as the race for digital supremacy is nigh and what’s best is to be a part of it and not left behind.