There is a saying that says you need to spend money to make money. In home business, that isn’t necessarily true, although as your home business grows, you’ll want to invest some of your profits back into the business.
Using the knowledge, tools and resources you already have, you can start a home business today. History is littered with successful business that got started with little or nothing, except a giant desire and the commitment to make it work, no matter what.
Your commitment and tenacity are the most important assets in insuring home business success.
If you want the freedom and flexibility to work at home as your own boss, here are 5 ways that might help you.
1. Amazon and eBay
One of the great things about Amazon and eBay is that you can start by selling the stuff cluttering your home and attic, and you don’t have to pay anything until after something sells and you’ve been paid. The trick to success on eBay and Amazon is to find what sells well and at a good profit, and then find a resource for more inventory. For example, if you have name-brand children’s clothes of your kids’ that sell well, you can take the money you earn from eBay sales and buy more at the local thrift store or consignment shop.
The most successful bloggers invest in a domain name and web hosting, which of course isn’t free. However, many started their blogs on free blogging sites such as Blogger (which is owned by Google, making it easy to add Adsense to it). Once they started making money, they bought a domain ($10-$15) and forwarded it to their free blog. And when they made even more money, they bought hosting and moved the site.
Along with affiliate income, you can make money through blogging by selling ad space, through a newsletter (you can get free email list service at MailChimp), and creating your own products such as ebooks and ecourses. All of these can be done free.
3. Service-based business
You can take nearly any skill you have and start selling it simply by telling people you can help them. Are you handy around the house? Let your friends and family know you’re available to help them with repairs, painting and other honey-do items. As long as you have the equipment already, it costs you nothing to access your network. There are a ton of service business ideas you can do, from pet sitting to organizing to tutoring.
Don’t want to leave your home to work? There are many service business ideas you can do from your computer, such as web design, tutoring (through video conferencing), writing, virtual support, bookkeeping and more.
While you can offer writing as a service as mentioned above, you can also write and sell your own works. This includes writing books, information products, home-based course and more. People go online for information and they’re willing to pay for it if it’s something they believe they’ll enjoy or that will help them.
Amazon’s Kindle Direct Publishing and Createspace allows you to publish your books for free (or a fee if you want more services). Plus, you can sell them from Amazon’s site. Through Createspace, your printed books can be distributed to other retailers such as Barnes and Noble.
Microwork isn’t a home business as much as it’s freelancing, but it still allows you to work-at-home on your own schedule, picking and choosing tasks you want to do. While microwork seems like a lot of work for little income, it’s free and there are even people making $1,000 to $2,000 a month.
What is microwork? Basically, businesses need small, time-limited projects done, such as researching, proofreading, writing, data entry and more. There are many microwork sites, and to maximize your income, you’ll want to join and work at several projects.
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