The first thing that comes to mind when starting a new business is the investment you have 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 home-based business ideas in various fields. Also, many will need investments as low as a computer system and internet connection to start working from home. Depending on your interest, you can choose the one that pleases you the most.
1. Website Design
Website design is a great home-based business that anyone with a basic understanding of design and websites can start. However, even if you lack these skills, there are many courses and free videos on YouTube so you can start learning these skills.
Additionally, if you decide to become a WordPress or Wix website designer, you don’t even need to learn to code. This skill is only required if you want to create customized websites for clients.
As a website designer, your main job will be to develop new websites, tailor existing ones to your customers’ needs, or provide ongoing support to your customers with websites as they expand their business. Also, getting started is pretty easy, all you need is a computer system and an internet connection.
Most businesses have gone online after the pandemic and almost all need a website. Therefore, for small businesses, you can start by offering cheaper rates and building your portfolio. As you continue to gain more experience and improve your skills, you can claim professional rates.
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 from your link you get a commission. This is a great option if you don’t want to keep stock of items at your place, rent space for it, and not worry about dropshipping.
But to build a profitable business in this space, you need to choose a niche, build a target audience, gain their trust, and recommend the right products to buy. You can create a website and write product briefs, buying guides, and product reviews, helping people make an informed decision about which product will be right for them. By the way, you can suggest them to buy using your link, as you will receive a commission.
If you already have an audience, say on your social media accounts, you can join some affiliate programs to make money on Instagram. You can scale it from there; You can create a website and dig deeper into this topic. Plus, you don’t have to stick to just one niche. You can also create multiple websites that offer different types of products.
3. Virtual Dance Instructor
Becoming a virtual dance instructor is a great home-based business idea. One of the advantages is that you won’t have to invest in a large studio space that can accommodate your students’ gathering. In addition to offering regular lessons, you can create one-time 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 home-based business are a good camera, webcam, computer system, internet access, and video editing software. You can then take other important things like a uniform splash screen to build a brand and appear professional to your customers.
What’s more, instead of investing in high-end cameras when creating courses or one-off lessons, you can rent them for a fraction of their original price and return them when you’re done. Another advantage of this business is that since everything is virtual and location is not an issue, you can make your business global and scale as you go.
However, to do this, you will need to learn and spend time and money on marketing. But still, you don’t need to make big investments early as you can start with a free social media account.
4. Personal Trainer
According to a report, the global virtual fitness market is expected to grow by 33% from 2020 to 2027, with a valuation of approximately $60 million. As such, it’s another great option for a home-based business. Similar to online dance coaching, you can reach a wider audience this way.
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 the 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 deal with multiple clients and invest in better equipment.
5. Freelance Writer
Freelance writing is another great option for a home-based business. In this case, you need to write articles, blogs, ebooks or more for your clients. You don’t have to be a great writer for that. Instead, you just need a basic understanding of the English language, grammar, and the niche you want to write in.
Once you’ve decided that, you can build your portfolio and start attracting customers by publishing articles on free platforms like Medium or LinkedIn. Some great ways to get paid freelance work are to apply to job boards, contact recruiters on LinkedIn, network, or ask friends, family members, or local businesses in your city if they need any content for their online jobs.
There are also a number of blogs and courses you can use to learn more about freelancing. They will teach you the basics of freelancing, how to get your first paying client and grow your business as you go. All you need to get started is a computer system, internet access and some quiet space to work.
6. Freelance Copywriter
This job form is similar to freelance writing. In this case, however, you will need to write ad copy, landing page copy, email newsletters or social media posts, and your main goal will be to drive more sales for your customers.
As a freelance copywriter, you can get more paid than you would as a freelance writer, but it comes with a big responsibility – you need results for your clients. That’s why it’s a good idea to invest in a good copywriting course or get a mentor before you start offering these services.
Initially, you might consider writing for low-paying clients and ask them to share their results from your writing; This is what you can show new potential customers to get the highest dollar.
Home Based Low Investment Businesses
All the options we discussed are easy to start and require less investment than most other businesses. However, if you want to be successful in any of these, you will have to work harder.
Also, sometimes staying at home can distract you and make it hard to focus on your work. Therefore, consider taking a separate space to separate your work from your normal life and scheduling a specific time when you will be working on your work.