Starting a home-based business will give you the freedom to earn from an activity you like and to come up with your own schedule. Finding home-based businesses that aren’t scams, however, is a challenging task.
When doing your research, you’ll come across tons of ideas but only a few will provide legitimate, long-term revenue generation opportunities.
A successful home business is sustainable and it has the potential to continue developing and growing year after year. Based on experience and thorough research, here are five home-based businesses that aren’t scams and hold a very promising career.
A Freelance Business
You certainly have skills and experience that will enable you to start a small, home-based freelance business.
There’s sufficient demand for all kinds of professionals – writers, translators, graphic designers, web developers, accountants, legal consultants, virtual assistants, data entry professionals, etc.
Earning a sufficiently high income this way is possible.
Freelance writers, for example, earn a base annual salary of 49,341 dollars per year. A freelance designer can earn as much as 60,698 dollars per year.
While these are home-based businesses that aren’t scams, there are several key challenges to keep in mind.
The freelance market is global. So for starters you should start with writing for Businesses in your own country and language.
The best thing to do is to focus on writing on topics you are familiar with or you would like to research. Then build a simple yet decent website which will give you a social media presence.
The more you invest in building your popularity online, the easier it will be to start monetizing the business.
WRITERS WORK
Writers Work is the all-in-one platform for getting you started in your career.
To get started, check out Writers Work and get the tools you need to start soon.
There are all kinds of tools for you to use on Writers Work that make the process super easy. You don’t have to know some one who knows some one or have any connections.
On Writers Work, you’ll find hundreds of clients who are actively seeking writers. And if your new to writing, there is also training available.
To get started, join Writers Work to get the tools you need to start your new Awesome career.
Click here to learn more about become a writer with Writers Work.
FIVERR
Another terrific Company is Fiverr.
This is a top of the line online company that has many ways to make money online including writing.
Even if you don’t have much experience, Fiverr is good for beginners. They also hire intermediate and expert writers as well.
There are tons of people ready to hire writers right now. And there are other areas such as Graphic Designing too!
You can start here and once you gain more experience you will get paid even more.
To learn more about becoming a freelance writer and make some decent income and start living the life you want,
Click here to check out Fiverr and the many ways you can make money online.
Whether you have experience or you don’t, freelance writing is possible for you. You just have to be strategic about it, and dedicate yourself to it. If you’re looking for a “get rich fast’ scheme, freelance writing probably isn’t for you. But if you want to build a business that allows you to work from a laptop and design your own life, I really think freelance writing could be it.
Online Education and Tutoring Business
The global online education market is anticipated to grow exponentially in the years to come. Forecasts suggest the market size will reach 286.62 billion dollars by 2023, in comparison to 159.52 billion dollars in 2017.
Starting your own online education or tutoring company right now can provide excellent monetization opportunities in the years to come.
Online tutors offer classes like they do in traditional settings. Online platforms and / or live streaming options are available to interact with students and help them learn.
VIPKID is one such platform you can use to establish a successful home business. You can pick your own subject to teach, pick your own hours and rate.
As per the VIPKID official presentation, the platform has over 600,000 students and 70,000 teachers that earn up to 22 dollars per hour.
Referrals, incentives and other earning opportunities are also available.
Website-Based Business
Starting your own website or a Blog can quickly transform into a legitimate home-based business. Writing and developing your own online platform can start as a hobby (that’s how it usually does) and gradually grow into a great home based business.
Make sure you pick an area on something you are passionate about. Readers love when you are real & honest in your writing.
At the beginning, just start writing or placing content on your site. If you have a passion for it, the writing will be easy for you and you will enjoy it. The readers will eventually follow and your audience will start to grow.
Once you have a sufficient number of website visitors, you can explore the multiple monetization ( making money) options available. Display ads, affiliate marketing, paid content, paid product reviews or sponsored articles can all help you monetize a blog and earn a steady income.
You can also start selling your own products (ebooks, courses, tutorials) via a website that you’ve developed.
As a targeted audience grows, however, you’ll see the return on investment you’re hoping for.
Sell Stuff Online
As far as home-based businesses that aren’t scams go, building your own ecommerce website is another great idea.
Do you make jewelry at home, do you paint or work on hand-knitted items? The demand for such products is high and you can easily sell them online.
One of the options for selling your products is Etsy. The other one is starting your own website, which is a lot easier that you may think it is.
If you don’t make products at home, you could consider alternative home based business ideas.
Dropshipping is one of them. In the case of dropshipping, you as a retailer, don’t have to keep stock. Rather, you partner up with a manufacturer or a retailer who handles orders and shipping.
Some of the key dropshipping suppliers to consider include AliExpress, Wholesale Central and Dropship Direct.
Build a YouTube Business
A YouTube business can be incredibly profitable if you have the right idea and you manage to get a niche audience interested.
YouTube channels earn money through ad displays. Some YouTube content creators also set up their Patreon accounts where they provide exclusive content and earn more money.
To be successful on YouTube, you’ll once again need to work on building a niche and loyal audience.
For the purpose, you have to select the right channel topic. Opt for something that you enjoy and that you’re knowledgeable in. Remember that to start a business, you have to go for an idea that has long-term development potential.
You should also do a bit of competition research. Are there similar channels out there already? Do they have a large audience?
If so, you’ll find it difficult to grow a new channel from scratch. Refining the idea a bit to make it original will be your safest bet.
A Few Additional Tips and Suggestions
When exploring home based business ideas, you’ll come across many possibilities.
Home-based businesses that aren’t scams will usually necessitate some work and commitment on your behalf. Anything that appears too good to be true probably is.
Avoid quick monetization offerings and programs that suggest massive monetization without any work. You should be even more critical towards opportunities that ask for a membership fee to join.
Consider your strengths and the things that you love and see yourself engaging in year after year.
Attempting to develop a couple of ideas simultaneously is also a good idea. Most people who have a home-based business refrain from putting all of their eggs in the same basket for the purpose of achieving diversification.
And remember, there is competition. Then again, there is competition for everything. Look around. Drive around. There are so many pizza and burger restaurants, gas stations, clothing and grocery stores, so don’t let the competition scare you. There is plenty of room for your business!
