Small Home Business Ideas

If you're looking for small home business ideas, you've come to the right place. Many people out there including me want to work full time from ho...


If you’re looking for small home business ideas, you’ve come to the right place. Many people out there including me want to work full time from home for a lot of reasons.

We don’t need that everyday stress from long commute, horrendous traffic, and that time away from our kids. Also, you don’t need to rent an office to handle your clients or conduct your day-to-day business.

Now, the first step towards this independence is to brainstorm what type of business you will set up. You may find it hard to believe, but this is the most crucial step and may not be as simple to answer.

You’ll need time to research different niches, match it with your passion or skills, and gain a deeper understanding of its profitability over the long haul.

Fortunately, there are some guidelines you’ll find helpful to filter so many small home business ideas:

YOUR SKILLS and CREDENTIALS

The simplest way to think of business ideas is to leverage what you already know. List down all skills you have and do not make any analysis first. Write as many as you can. In most cases, your skills are related to your profession such as accounting, marketing, or IT.

Others are derived from your hobbies like writing, martial arts, painting, sculpting, home improvement, etc.

Some businesses require that you provide credentials to gain customers. It can be your professional license, years of experience, testimonials from previous clients, media clippings, or portfolio.

Then, analyze each skill and figure out how you can use that to make money from home. Some say follow what you love so you won’t have to work for the rest of your life.

True..to some extent. Sometimes, more profitable business opportunities lie outside our passion or interests. My advice: be open.

YOUR PERSONALITY

Not everyone will find working from home a great idea. While we keep dreaming of such independence, our personality gives us a sense of reality. Remember, home-based business ventures are typically one-man (or woman) show.

It will be quite difficult for very outgoing and socially active people to be in this position. Otherwise, you have to start a business that will allow you to interact with different people on a daily basis. You can be an events coordinator, wedding planner, or real estate agent. You might find this type of business appealing if you’re a blogger, writer, researcher, or Internet ultra geek.

The point is to consider small home business ideas that are compatible with your personality. Google the phrase “Myers Briggs personality test” to check out your profile.

MOTIVATION AND FLEXIBILITY

Running your own business demands discipline. Without anyone to set deadlines or enforce pressure like in office setting, some people tend to relax and forget to focus on tasks at hand.

Moreover, you must be flexible at all times. Depending on the nature of your business, you might have to work after office hours, during weekends, very early mornings, or move from location to location (such as catering business). You might have to sacrifice holidays to boost your profits.

If you think you can’t handle these issues then do not consider small home business as your career.

SOME SMALL HOME BUSINESS IDEAS

Here are some opportunities you may want to explore:

Pet services business
Gift basket business
Image Consulting
Day care business
Virtual call center
Speech writing business
Scrap booking business
eBay affiliate
Internet marketing
Video editing
Photography
Data entry business
Medical transcription
Bounty hunting (very risky)

Having a small home-based business can be a very exciting and rewarding. The key to your success and long term growth is to get the right small home business ideas that will fit your personality, skills, and motivation level.

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