A recent study indicates that around 70% of all Americans prefer to get self-employed or start a home business. Currently, the United States features as many as 38 million home-based businesses. This is also interesting to note that around 70% of home-based businesses succeed within 3 years’ duration as compared to 30% of traditional start-ups.
When you plan to launch a home-based business, you may want to invest only the least capital. Since there are plenty of ideas for online businesses, you should be able to choose those that match your skills, are low-cost and offer you the best chances of obtaining early success.
If you have made up your mind to start working from home, given below are some of the most useful online business ideas you can use.
No wonder, niche blogging provides you an excellent opportunity to earn extra income while working from home. To start a blog and build its presence quickly, you need to be an expert in a subject, possess strong writing skills and have some SEO and social media knowledge.
There are several ways in which you can monetize your blog. Advertising, product reviewing and affiliate marketing are some of the most effective ways to make money blogging.
The internet enables you to cash in on your expertise by providing consulting services online from your home. Depending on your special skills, you can start a consulting business in areas like public relations, online marketing, communication, relationships, statistics etc. Depending on your skills and years of experience, you can make as much as $400 per hour.
3. Graphic Designing
There’s absolutely no doubt that we humans have great attraction towards all things visual. When a business or brand plans to reach out to their target audience, they use the power of visual. If you have experience and skills in areas like web design, print design, animation or multimedia, you can set up your own home-based graphics design business.
4. Resume Writing
If you believe a resume is a lot more than just a history of previously held jobs, you may like the idea of starting an online resume writing service. There are plenty of applicants who fail to make a cut when it comes to marketing their skills to an employer effectively. By starting a resume writing business, you can make up to $300 per resume. Prices will vary depending on the type of industry and your experience as a resume writer or resume writing service.
For those who don’t know, a transcriptionist or transcriber is responsible for converting recorded audios or videos into text. Some of the most important skills required for this job include good typing speed, strong listening skills, ability to comprehend English quickly and a sound knowledge of English grammar. If you think you posses these skills, you can also plan to start a freelance transcription business from home. On an average, a transcriber charges between $0.50 and $3 for converting every minute of audio or video into text.
Online tutoring is also an excellent way of making money from home in return for sharing your knowledge with students. Receiving tutor facilities while sitting at home is quite exciting. As an online tutor, you can offer sessions either individually or in a group. As more and more people continue to like the idea of online tutoring for its several benefits, this business brings you great earning opportunities.
Effective search engine optimization is the requirement of almost every small business that has an online presence. As major search engines continue to evolve, huge opportunities are created for reliable SEO professionals, services and agencies. If you have expertise in areas like keyword research, on-site optimization, off-site optimization, competitive analysis and link building, you are in a good position to start offering SEO services from home.
8. Ghost Writing
If you are a competent writer, ghost writing can prove to be one of the best ideas to make money from home. As a ghost writer, you write for others and stay in the background while getting paid. It’s not just individuals that hire ghost writers, but corporations also need them from time to time.
9. Virtual Assisting
Virtual assisting is, in fact, among the most rapidly growing home-based businesses today. Since virtual assistants work as independent contractors and bear the cost of equipment, taxes, healthcare and training on their own, it allows clients or small businesses (who hire virtual assisting services) to save a good amount of money. Whether you want to work full-time or part-time, you have huge opportunities to make good money out of a virtual assistant business. As a virtual assistant, you can offer administrative, secretarial or technical services to clients from a home office.
It is possible to earn a good income working from the comfort of your own home. There are many professionals who are successfully making a six figure income with their home-based business. However, you need to use those online business ideas that fit in with your strengths, skills and unique talents. If you are fully aware of your strengths and weaknesses, you can also choose to improve your core skills to start an online business from home.