Starting your own business doesn’t mean buying commercial real estate and hiring employees.
Many of the most successful small businesses can be run right from home – some don’t even require you to leave your computer. Most of the best online businesses can be done full-time without a lot of startup capital.
You do not know where to start ? This article lists the 10 best home business ideas you can start in 2023.
1. Create an ecommerce store
Of course, starting an ecommerce store is a popular way to run a new business from home, and for good reason. It’s easier than ever, and with so many tools and platforms to choose from, you can reach your target audience, whatever your niche.
Do you want to sell homemade arts, crafts, jewelry and other trinkets? Etsy is perfect. Do you want to sell T-shirts and other clothing or other products? Create a website with web development skills or hire a development agency to do it for you.
Whichever you choose, you have the power to run an online store and start advertising through Google PPC and social media ads. You can start a dropshipping business with little initial capital: just an internet connection and good business sense.
From there, you can seamlessly transition to your ecommerce store, one of the best business options in the post-pandemic era.
Consider hiring a graphic design company to handle design choices and digital marketing. Your e-commerce business will only thrive if you have a good marketing strategy.
2. Start an Affiliate Marketing Brand
If you’re already a blogger and have a fan base on social media or your online store, you can also start a side hustle and potentially earn passive income at the same time. With affiliate marketing, you can post about products or services from other brands on your blogs.
These partnerships can be lucrative and require no technical work – no need for extensive web design or online courses to learn new skills; all you have to do is grow your brand and collaborate with others.
Every time someone clicks on a linked product and makes a purchase, you receive a share of the profits from that sale.
Affiliate marketing is easier than ever to join, primarily through large programs like the Amazon Affiliate Program. However, even though affiliate marketing is profitable and easy to start, generating actual revenue from potential customers can take some time.
You will also need a blog and people who read it to be successful. For this reason, it is best to view an affiliate marketing business as a secondary income source rather than a primary business. Still, it’s a great business idea for those who want to work from a home office and enjoy low startup costs.
3. Become a virtual assistant
Do you have experience as a secretary, office assistant or something similar? You can do the same work from home as a virtual assistant.
As a Virtual Assistant, you will perform accounting services, organize appointment schedules, and help your clients with whatever they need. You’ll do all of this from the comfort of your computer chair, using a headset and sometimes a webcam.
You can earn a decent income as a virtual assistant without needing a college degree. However, you will charge higher rates and earn more money if you have some experience as an assistant. Be sure to polish your resume before applying for virtual assistant jobs.
Related: 20 Business Ideas for Stay-at-Home Parents to Start in 2023
4. Become a freelancer
You may have one or more skills that you learned during your main career or university studies. In this case, you can earn money through gig work as a freelancer.
Freelance job sites like Upwork, Fiverr, and others offer abundant work to those who have the experience and skills to sell.
For example, you could:
- Offer your freelance writing skills.
- Try to succeed with web development and programming.
- Try your hand at freelance graphic design.
As a freelancer, you control when you work and which clients you provide your services to. Build a large enough client base and you can eventually make more money than you would at a traditional agency or business. Referrals will help you grow your business, especially for gig workers like freelance writers.
If you’ve always wanted to be your own boss, this could be the perfect home business idea. It could even become a long-term career.
5. Open your home to daycare clients
If your home has plenty of space and you enjoy taking care of children, you may want to consider making your home a daycare. Daycare customers, like working parent couples, might be more than happy to drop off their children so you can watch them for a fee if you have good recommendations and reviews.
Like many businesses of this type, your daycare business will take some time to get off the ground. You will need to start slowly, such as watching the children of friends and family. But once you receive positive reviews, you should be able to attract new customers from outside your social network.
A daycare might be perfect if you can earn money without leaving your house. This small business idea is great for those who need a business opportunity with no start-up costs.
6. Monetize your love of animals through pet sitting
Likewise, you can use apps like Rover to advertise your services as a pet sitter, dog walker, or animal care provider.
People love their pets, but sometimes they have to give them up. You can give them peace of mind (for an extra fee, of course) by offering to watch their pets or host them in your home.
Either way, a pet sitting business is easy to start and doesn’t require a lot of start-up money. Usually, you just need to purchase basic supplies to help care for your client’s pets, like leashes, food, and treats.
With the right go-getter attitude and willingness to walk the walk, you can earn a good portion of your income just by doing this.
Related: 10 Ways to Grow Your Home Business
7. Host guests with Airbnb
Maybe you’ve always wanted to become a hotel host or show off your housekeeping skills. Then your next home business idea might be hosting Airbnb guests.
With Airbnb, you can either rent out specific rooms in your home or rent out the entire property for short periods of time, like a few days or a week. Airbnb allows you to connect with potential guests and can be an incredibly profitable business model if you own a property in a prime location, close to a downtown metropolitan area or a beautiful rural area .
Just know that this home business idea requires a lot of work. You’ll need to clean up after guests and make sure your property is welcoming to everyone who arrives.
8. Start a podcast
Entrepreneurs with online brands are well-positioned to start a podcasting subsidiary.
Whether you have a personal training YouTube channel or a popular entrepreneurship blog, podcasting is the “intellectual” medium of the modern age and worth tapping into. When you create a podcast, you’ll talk about topics that interest you or your target audience, then publish the episodes to listen to on Spotify or your own website.
As your podcast becomes more popular, you can potentially attract the attention of advertisers. In exchange for a fee, you’ll insert small advertisements in the middle of your episodes, thereby making money and simultaneously delighting members of your target audience.
Starting a podcast, like affiliate marketing, takes time to generate a profitable revenue stream. You also already need an audience if you want your first episodes to have listeners. If you have expertise in a successful business or niche field, you’ll also be better positioned to capture an audience, even if you do it part-time.
Related: Listen to podcasts to grow and inspire your business – Entrepreneur
9. Offer social media management
These days, virtually every business has a significant social media presence. Platforms like Facebook, Instagram and TikTok are essential for connecting with target audiences and consumers. But all this social media activity can be difficult to keep track of, especially if a brand wants to post new content regularly.
You can work as social media manager from home, monitor, update and organize social media marketing materials and respond to complaints or comments. Social media managers are essential members of the customer service and marketing team. So you can often find work with a larger company or agency if you have the skills and resume for the role.
Related: 8 Mistakes to Avoid When Starting a Home Business
10. Run a cleaning service
People with large homes also tend to have very demanding careers. They don’t always have time to clean their properties. Therefore, you can fill this gap and potentially make a substantial profit by running a cleaning service.
Purchase cleaning supplies and a van or truck, then advertise your services to home and business owners in your area.
Eventually, you could turn a cleaning service business into a larger business with your employees and office. Or you can keep things small and manageable with yourself; It’s yours.
Hire a photography company to take good photos and hone your digital marketing skills. SEO will help you attract local customers to this type of business faster.
Start a Home Business Today
As you can see, there are many great home business ideas you can start today. Decide what you want to do, make a business plan and get to work.
Check Other Entrepreneur Articles for more information on financial topics.