Hi, I really enjoyed this article. I think everyone has a skill they can market like being a VA, writing, web design etc for some extra cash. I think the main thing to consider when starting a business is if you can run the business with your day job. It’s great if you can build a service based business to work from home but it takes time to build these business to replace a wage – it took me three years. Great post!
The research and thinking that you do as you work through the business plan will help you refine your business idea and plan for how you will successfully launch yourself into your market without costly real-world trial and error. If your business plan shows you that your idea isn't viable, don't be afraid to shelve it, choose another home-based business idea, and go through the process again.
Item #8 should be changed from interior designer to interior decorator because indeed interior designers are required to have a degree and in many states are required to be licensed. Interior designers need to know building and safety codes among other things. Selecting paint colors and toss pillows is a very small part of the job. Many commercial ID’s do very little “decorating”. See IIDA or NCIDQ for more information.
Here’s a unique spin: Twitch isn’t limited to just gaming anymore, and Maxx Burman and Banks Boutté used the platform to launch an online festival where they featured 12 top video game art directors. They repurposed this content for other digital channels like Instagram and YouTube. After building a loyal audience, the two launched KitBash3d, where they sell 3D assets for video games and movies.
As a personal trainer, you could make house calls, visit a gym, or let clients come to you (if you have the necessary equipment). You need to be very knowledgeable about everything from proper exercises for different body types to how to motivate people who want to get healthy. You should feel comfortable getting close to your clients in order to learn what works best for them.
How can you make a living as a real social-media expert? Practice. Build an audience for yourself before offering your services to others. Determine your target sector, build your own online presence in that community and start making contact with the social-media elite. Twitter is a great place to start. Keep cranking out content and getting it to the right users, and you’ll find a way to get yourself hired even in an ever-expanding universe.
Basically, you pick a profitable niche for your online business, and then you find an affiliate partner who has products available in that niche. Some of the most popular affiliate sites are Clickbank.com, Amazon.com, and CJ Affiliate by Conversant (formerly Commission Junction). Between them, they offer just about any digital information product (like ebooks, audio files, video files) or physical product you can think of. Many big name companies and brands like Wal-Mart and Home Depot run their own affiliate programs.
The internet changes so fast that one year online equals about five years in the real world. But the principles of how to start and grow a successful online business haven't changed at all. If you're just starting a small business online, stick to this sequence. If you've been online awhile, do a quick review and see if there's a step you're neglecting, or never got around to doing in the first place. You can't go wrong with the basics.
It’s a simple fact of life: These professionals don’t have the time they actually need to carry out all of the research necessary on a day-to-day basis. Whether it’s perusing old academic essays or case files, analyzing bibliographies, or carrying out some market research, you can be a valuable asset to a company with your research and fact-checking.
Figure out if you need additional insurance. Visit with your local insurance agent to determine if you are in need of any special insurance for your home based business. When you start a home based business, you immediately start exposing yourself, your family and your home to variety of risks and you want to make sure you are covered before it is too late.
A friend in Boston made a living doing this. He had lived in the Netherlands and was fluent in Dutch. He contacted companies who sent people to the Netherlands to work and live, and offered to provide not just his language expertise but important information on Dutch culture and living in the country. It worked. If you’re from or have lived in another country, consider channeling not just your language but your cultural expertise into a new career.
The key to successful Podcasting isn’t just racking up listeners in big numbers. It’s getting listeners to engage. A small group of engaged listeners is more valuable than a large but passive audience. Specialize in an area of your expertise and constantly remind listeners to participate in your Podcast via social media or your Website. Making money Podcasting isn’t easy, but it is possible.
Using the data you gather from your research, you can come up with a unique value proposition. Think of this as what separates you from your competition, while at the same time something that your customers want. To come up with a unique value proposition, examine what everyone else is doing and the current market. Then, determine how you can provide a better solution, offer a better price point, or both.