To start a business, the first thing which you need to do is identify your areas of interest. It is always advisable to do something in a field in which you are proficient. This will give you the confidence to put in more efforts smartly! A home based business always enjoy a higher survival rate compared to a full-fledged business startup. It also helps an entrepreneur to identify the gaps and holes in the market. A business may fail because of a poorly designed business plan, weak strategy and inadequate market research. When a full-fledged business run from a commercial place fails, the losses are huge. A home based business if fails, the losses incurred are comparatively less and this would also help the concerned entrepreneur to work out on the mistakes and rectify them.
In this post, I am listing down a few offline and online businesses ideas that either need no investment or can be started with a small amount of money without compromising the advantages of working from home.
Here are some of the home based business ideas that you can consider starting based on your interests!
Online Home Based Business of Freelancing
Freelancing is perhaps one of the best home based online business that you can think of starting. Simply put, as a freelancer you use your skills to get paid. In other words, you would be selling your skills. To make a career as an online freelancer you need a desktop/laptop/tablet and an internet connection.
There are several platforms that connect freelancers with persons or companies for getting a job done. You can get almost any type of jobs from these platforms like web development, designing, application development, content writing, advertising, photo and video editing, translation and many more. The list is huge. And, all the jobs can be done from home. You can sign up in most of these websites with a free account and start bidding for jobs of your choice. If your home based online business of freelancing flourishes you can always go for the premium services to receive some more advantages.
I know many people who earn well through freelancing. You may check this link below where a good friend of mine has shared his experiences on freelancing. My friend was bored with his corporate job and chose to work independently and he is doing quite well now.
Check his interview here: Meet Balachandra Tejaswi Bitra who make awesome Websites
You can sign up in these websites and start your freelancing career:
Blogging can be another good home based online business. If you love to write then blogging can be a great option for you. Build a blog with quality articles that people would love to read. If you continue writing engaging articles in your blog quite regularly then in gradual course of time you will see the effects. Once you start receiving a decent amount of traffic on your blog, you may then think of monetizing your blog.
There are many options available to monetize a blog. A few of them is listed below:
- Advertising Networks.
- Affiliate Marketing.
- Sell Ad spaces on your blog.
- Sell a product/service through your blog.
- Start a subscription service.
If you want to start your blog, you may do it with GoDaddy. For as cheap as Rs.99 per month, you will be able to get your blog online with GoDaddy. Check the link below to purchase a service.
You may check this link to know the details of monetizing a blog:
Food Business/Tiffin Service Business
Another home based business idea is to start a food business or a tiffin service business. Almost all of us love to eat different types of food. Many of us even go an extra step ahead and start cooking their favourite delicacies. If cooking is your passion and is something that you enjoy then you can think of making money by using your cooking skills. Now, the question arises – “How?” Simple, start a food business from home. Starting from home can be an excellent idea because you would have the advantage to make use of your existing cooking equipment to run your business. Moreover, this approach would also save you from the hassles of searching a place for your business. This way you would be able to cut down your investment costs significantly.
We are presently living in a fast-paced world with busy schedules at our workplaces. This has led to the rise in the demand for home cooked meals. A tiffin service or a meal service can be easily started from homes. The process is:
- Take orders over phone/social medias/websites.
- Cook the food items after receiving the order.
- Do the deliveries.
To do the end deliveries you can hire a person. You can also get in touch with several existing food delivery companies who would take the responsibility of lifting the food from your place and transport it to the desired location. In return, you need to pay a small amount to such companies. Entering into partnerships with food delivery companies would help your business reach more potential customers. Your business would be listed on their platform which would boost your visibility. There are many companies which act as home chef aggregators. Striking a deal with them can be another good option.
Also Read: CookMyWish: This Food Tech Startup from Kolkata aggregates Women Home Chefs to provide you Home Cooked Food
If you can make creative, delicious cakes then you can think of venturing into the home baking business. In the last few years, in many Indian cities, we have seen an increase in demand for customized theme cakes on special occasions. Many home bakers of the country are making use of this opportunity and are earning a decent amount of money.
Opportunities of doing business from home in this food sector are plenty as long as the demands are higher compared to the supplies.
Home Based Business of Gift Making
The first woman entrepreneur I probably came across was one of my cousin sister from Jalpaiguri. She used to fascinate me with her beautiful handmade crafts. It was the late eighties when she developed an interest in crafts while I was still a kid then. Quite obviously at that time, I didn’t have the definition of an entrepreneur in my life. She still continues to amaze me with her jaw dropping creations. As I grew up, I came across many more women entrepreneurs around me who were into gift making business.
The scenario of the home based business of gift making was quite different 10 years ago. During that time, such business owners only had the option to sell their handmade crafts, art works and gifts to the local gift shops. The shop owners would buy them cheap and sell them at hefty prices. They were and are still acting as the middleman between the artisans and the buyers. However, in spite of their existence these days, artisans now has the option to sell their works directly to the buyers.
All they need to is create an e-commerce website for their business, list the works there and sell the same through the online platform. One can avoid creating the website but can still sell their works directly to the customers through the existing e-commerce portals. Amazon, Flipkart and Snapdeal are some of the e-commerce websites through which gift makers and artisans can sell their creations. For every successful trade, these websites charge negligible commission. This way high profits can be retained. Investments required for gift making depend on what type of gifts would be made. A person can always start with low investments.
The concept of online tutors is evolving. And, this can be a real good option for a home based business if you have decent knowledge on any particular field. The reason because of which the concept of online tutoring is getting popular is the increase in the usage of computers and internet. We are living in a digital world. Almost all of us have computers/tablets/smartphones and an internet connection at our homes. And, these are the things that you need to get started!
Online tutoring is not much different from traditional tutoring. An online tutor and a learner/student can interact in the same way as they do in case of traditional tutoring. Online tutoring sessions occurs in real time. This means a professional tutor can answer questions of the students immediately. The only difference of online tutoring from face to face tutoring is teachers and learners are separated by time and space. There are many institutes which conduct seminars and webinars in the same way. Even 10-15 years back we didn’t imagine that a teacher sitting on the other side of the globe would teach students! The advancement of technology is also taking us forward!
There are many online tutoring platforms where one can register as a teacher (online tutor) and start his/her home based business by imparting knowledge. Some of the online tutoring websites are: WizIQ, Khan Academy, tutor.com, Tutorhub, MyPrivateTutor, Tutor India.