Holly Reisem Hanna is the publisher and founder of The Work at Home Woman, which has been helping individuals find remote careers and businesses that feed their souls since 2009. Through her unconventional career path of holding over 30 jobs and obtaining two college degrees, she's been able to figure out how to find a career path that you're truly passionate about. Holly's had the pleasure of sharing her expertise on sites like CNN, MSN Money, Huffington Post, Woman's Day Magazine, as well as being recognized by Forbes as one of the “Top 100 Websites for Your Career.” Holly resides in Austin, Texas, with her husband and daughter and enjoys reading, traveling, and yoga.
There are plenty of compelling reasons to want the flexibility that working from home—and starting your own home-based business—can offer. If a change in lifestyle is what you’re after, then you’ll want to take a close look at your skills and interests to figure out which fields fit you best. Whether it’s an online home based business or something more traditional, you’ll likely find something that resonates with you.
These pay-per-click ads appear on your blog. Every time somebody clicks on an ad (which is supposed to be about a subject related to your niche), you make a few cents or more. Small amounts each time, but it adds up. This is extremely hands-off. You just need to get a code from Google, place it on your website - and the ads will automatically appear on your blog. Google will only show ads that are relevant to your blog so it's a good experience for your visitors and maximizes the number of clicks you get, meaning more income.
Of course, photography can take many forms, from photojournalism to portrait photography to general-interest stock photography. You’ll most likely go for either setting up a studio in your home or taking pictures for use as stock photos, as true photojournalism requires years of experience and almost never involves actually working from home. Keep in mind that stock-photo sites work on a revenue-sharing model, so simply selling pictures to one is unusual.
Organize your business as a legal entity. When setting up for business you have several options in determining the structure of your business. The easiest is to simply act as a sole proprietorship where you, the business owner, are legally the business. In this case, you would use your SSN for tax identification purposes. However, if you plan to have partners or hire employees, you will need to organize your business as a separate entity like a corporation. Doing so will require you to incorporate your business with you state and obtain an employer identification number (EIN) from the IRS.
Handcrafted products: These are items you make yourself, like jewelry, clothing, paper goods, wooden decor, and food. This is a great option if you’re crafty, want full control over production, and are looking for lower startup costs. But bear in mind: it can be harder to capitalize on success — it’s more difficult to scale when you personally make each and every product.
You love dogs? You’re good at taking care of them? You want to open a dog-boarding business? Just make sure you’re prepared. Sure, it’s a great opportunity, and it’s totally doable—with some planning. Make sure you know your local zoning laws and, perhaps more importantly, make sure your neighbors would be OK with some extra noise and activity around your place.
Since your home business is new, you need to market it to let potential customers know it exists. Additionally, your marketing efforts should help customers understand how your product or service is different from or better than your competitors. Speak directly to your potential customers’ pain points to win them over and convince them to do business with you.
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.
I’ve found that fear often stops aspiring consultants from starting a consulting business–or any business–and on my blog, I talk about how to overcome those fears. I also talk about practical, concrete things you can do to start and run a successful consulting business, along with tools, tips, tricks, and techniques for automating your business and keeping costs to a minimum. The info I give is applicable to most other types of businesses as well.
While having a great product or service is require, without buyers, you still don't have a business. Knowing your market, what it wants and needs, and what inspires it to buy, are crucial to your success. This means discovering your target market and determining your unique selling proposition, the thing about your product or service that sets apart from others that are similar. Here are a few things to consider:
Can you type extremely quickly while listening to someone talk? If the answer is yes, you might consider transcription services for your home business. Like data entry, this might not be the most exciting of our home business ideas but is certainly low-cost, flexible, and you can get started very easily. There are all kinds of companies out there who hire freelance transcriptionists, as well as specific services that employ individuals to transcribe audio for various clients.
Not everything is just a Google search away. Media organizations hire fact checkers to make sure that items in stories are accurate and that sources quoted really exist. Other organizations need people to find statistics and other data for presentations and reports. There are plenty of opportunities online to get started researching at home. Just be prepared to get into some really esoteric topics that will take you way beyond Wikipedia.
Financial projections are estimates of how much money the business will earn and spend over the first three years in business. It’s important that you have these in your business plan if you want to receive funding from a bank or investor, because they usually require it. In addition, establishing solid financial projections is essential even after you start the business. Successful companies usually produce month-by-month projections and evaluate how close they come to actuals to gain insight into how the business is really doing.