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If you’re thinking about starting your own home-based business, the available options can seem overwhelming. What type of business is the best fit for your background, skills, and interests? If you don’t have a lot of initial capital to invest, which ones can be started at a low cost? And, most important, which home business has the best chance of succeeding?
Narrow down your search with these home-based business ideas that have growth potential, both now and in the future. Your new life as a small business owner awaits!
Tutoring
Did you major in a subject like English, history, or math, and do you have patience with children? If so, you likely have what you need to tutor kids in particular subjects. Seek out parents or teachers and let them know that you tutor students in a certain subject, and offer materials for them to share. You can get going locally or expand across the country by offering to tutor online.
Business Coaching
In a tough economy, businesses need all of the help they can get. As a business coach, you can empower individuals — often business owners and managers — to improve their work performance through personal change. The most successful business coaches have plenty of experience in the business world, along with specialised expertise (e.g., marketing, finance, or sales). Whatever your niche, you need to have the ability to help your clients set and achieve their goals. Network with others in the business world, both business coaches and owners, to find out what clients want and how to market to them.
Blogging
The online blog community is massive and you can be sure that every demographic and industry has their own little blog network. From finance to fashion and mummy blogs, millions of people around the world are earning a decent side income by running a blog. The guys at Compare Forex Brokers started nearly a year ago and haven’t looked back since. The best part is you can start your own blog for free!
Proofreading and Editing
Have strong English skills and exceptional grammar? You may have opportunities to work as a proof reader from home. Advertising for this can be difficult; seek out those who might actually be able to use your services and advertise directly to them.
Social Media Expert
Almost everyone uses Facebook, Twitter, and Pinterest these days, but did you know that many companies will pay people to help them manage their social media accounts — sometimes even part-time from home? To find social media jobs, you can start by contacting businesses with a social media presence and scanning sites for opportunities.
Home Inspection
An important part of the home buying process is having a professional home inspector go through the house to determine the condition of the building and point out any potential problems. A home inspector needs to meet the state regulations for the profession, which varies from state to state, although anyone who has worked in the construction or housing industry will have a leg up.
So with more of us working fewer hours and with a resulting earnings gap to close, there’s arguably never been a better time to set up a business you can run in your spare time from home.