When someone talks about starting a new business, the first thing that comes to mind is the investment that you’ll need to make, not to mention the effort and energy that will go into it.
However, in this article, we’ll discuss some cool home-based business ideas in various fields. Plus, most of them will need investments as low as a computer system and an internet connection to begin working from home. Depending on your interest, you can choose that delights you the most.
1. Website Designing
Website designing is a great home-based business that anyone with a basic understanding of design and websites can start. However, even if you lack those skills, there are many courses and free videos available 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 how to code. That skill is only essential if you want to create customized websites for clients.
As a website designer, your main job will be to develop new websites, edit the existing ones as per your customers’ needs, or provide ongoing support to your clients with their websites as they expand their businesses. Plus, getting started with it is pretty easy, all you need is a computer system and an internet connection.
Post-pandemic, most businesses have gone online and almost all of them need a website. Hence, you can begin by offering cheaper rates for small businesses and building your portfolio. As you continue gaining more experience and growing your skills, you can charge pro rates.
2. Affiliate Marketing
Another minimum investment home-based business model is affiliate marketing. Here, your job is to market others’ products, and if people buy them from your link, you get a commission. It’s a great option if you don’t want to worry about keeping stocks of products at your place, renting space for that, and drop-shipping.
However, to build a profitable business in this field, you’ll need to select a niche, build an audience, gain their trust, and suggest the right products to buy. You can create a website and write product roundups, buying guides, and product reviews and help people make an informed decision about what product will be right for them. Meanwhile, you can suggest they make the purchase using your link, as you’ll get a commission from it.
If you already have an audience, let’s say on your social media accounts, you can join some affiliate programs to make money on Instagram. You can scale it from there—creating a website and digging deep into this topic. Plus, you don’t need to stick to one niche only. You can also create multiple websites offering different types of products.
3. Virtual Dance Instructor
Becoming a virtual dance instructor is a great home-based business idea. One of its advantages is that you won’t need to invest in a big studio space, which can cover the gathering of your students. Besides holding regular classes, you can create one-off lessons or courses for your students and sell them on your website. That will add to your passive income.
The only tools you’ll need to start this home-based business are a good camera, a webcam, a computer system, internet access, and video editing software. Later on, you can get other essential things like a uniform splash screen to build a brand as you go and show up as a professional to your clients.
Moreover, while creating the courses or one-off lessons, instead of investing in high-end cameras, you can rent them for a fraction of their original prices and return them when your work is finished. Another benefit to this business is that since everything is virtual and location is not an issue, you can take your business global and scale as you go.
However, you’ll need to learn and spend time and money on marketing to do this. But again, you don’t need to make major investments in the early stage, as you can get started with a free social media account.