Consider some of the more common ideas. If no business ideas are coming to mind, think about some of the tried and trued home business types. Some highly lucrative home business ideas include tutoring, tax preparation, business coaching, counseling, marketing consulting, accounting, web designing, interior designing, dance instructing, newsletter service, proofreading service, and resume writing service. These home based business ideas just require your personal skills rather than large investments.
If so, then consider putting your knack for arts, crafts, and design to use as the manager of an online store. So long as you believe your creations can find a market and sell at a profitable price, there’s very little stopping you from signing up as a seller on a site like Etsy and carving out your niche. While it might be a tough business, there’s plenty of wisdom out there to learn from—and it certainly fits on our list of home business ideas, especially while you’re small!
Evaluate your talents. Keep in mind, there is a huge difference between talents and things you enjoy. Just because you enjoy something does not mean you can turn it into a business. Think about your skills, or the hobbies that you do better than anyone else. It could be baking cake, making jewelry, or stitching dresses. Your business can also be based off of a professional skill you've developed or been educated in.
Once you determine your customer personas, it’ll be time to do research and ensure there are enough customers available to make your business a success. The type of market research you do for this depends on your business. If you’re servicing local customers, you want to ensure there are enough prospective customers physically located near your business to make it successful. If you’re an online-only business, you need to focus on where customers are spending time online versus if they live near your home.