Regardless of what 5 Online Home Business Ideas I throw out here today there are some things we need to clear up first.
The first of those is that running an online home business is like running an offline business of any type be it from the home or from a brick and mortar store. If you don’t feed it time, money, and give it time to grow you will likely lose it even before you break even. That said starting a life of learning should always be at the top of you 5 Best Online Home Business Ideas You Can Do Now. Don’t worry that was a bonus
Our 5 Best Online Business Ideas You Can Do Now Starts Here
Online Home Business Ideas 1 Be A Pro Blogger
Blogs. The first plan of action in
As a focal point a blog is different from having any other online home business idea and adding a blog to it. Instead of pushing one thing and one thing only you have freedom to move about your niche and can virtually blog about anything your heart desires. As a business the blog can be about anything you are passionate about like sewing, cooking, personal fitness, dieting, antique cars etc.
To make money you need to find people like you who share your passion and need the things you do to accomplish goals within your niche. A good example would be a classic car blog recommending a certain brand or doing a brand comparison of different types of car wax or promoting a local parts dealer through a paid advertisement. I am also developing a blog on retiring early and it will have a heavy dose of things like aging supplements and sports equipment that will bring in the money to write about things of interest to people like me who desire retirement before the life runs out of our lifestyle.
Online Home Business Ideas Number 2 – Retail Online Store
Retail or e-commerce site. Don’t worry you don’t have to fill your home with merchandise, handle storage, postage, and employees. In fact all of that can be taken care of behind the scenes by either Amazon Fulfillment using products you purchase wholesale for resale, or by becoming a drop ship company.
Using Amazon fulfillment is the most lucrative means because you are able to buy your inventory in bulk and get the best
price but not everyone has $5,000 or more to tie up in products sitting in an Amazon warehouse so most e-commerce stores started from home use a business model called Drop Shipping.
The Drop Ship e-commerce store is one that purchases through certain types of wholesale suppliers who specialize in supplying as little as one each of a specific product to your customer and they ship the item in your name as if it came from your business. These agencies often called jobbers or drop ship warehouses are largely importers who don’t mind sending the items in the name of another company because they buy a large volume of each product for the best possible price, you handle the advertising and client acquisition and they get a tidy mark-up or profit from the sale. Many of these companies even offer geographically based free shipping like Free to the US, or Free Shipping in Canada or the UK.
Online Home Business Ideas Number 3 Direct Sales
A Direct Seller is like someone who sells Avon, Herbalife, or Watkins Products. Direct sellers can hold in-home events like Tupperware Parties or Jewelry in Candles in Home Reveals and also distribute catalogs offline and do so with minimal inventory but what about booking? See the offline aspect needs a lot of legwork if you don’t leverage your online site through the program to gain local bookings.
Fact is the modern Avon Representative can earn up to 5 times as much by promoting their website gateways even before leaving home. Many of the others count up to 95% of their business as being booked online and reps have an opportunity with most of these traditional MLM companies to recruit representatives under them and duplicate their earnings potential.
Why limit yourself to gaining new reps in my city USA when you could be recruiting reps in other cities, states, and in some cases countries?
Online Home Business Ideas number 4 Network Marketing
Similar to Direct Sales your business is product based but you don’t have a representative kit to buy and usually get your replicated website for free. Unless you choose to take it offline your business is 100% online and you can either mass advertise or make one on one connection through social media, forums, and chat groups.
A Network Marketer is someone who is basically an affiliate marketer who benefits from an MLM style multiple layered earnings structure. They can both promote product sales and recruit other affiliates to promote product sales. One of the industry top programs for more than 20 years is Strong Future International and it pays you based on your rank in the company on up to 12 levels of down-line. I personally earn money when any of over 700 affiliates in my team make money with SFI.
Unlike traditional MLM there is no money in making money. You don’t have to buy product or make a minimum sales volume, and in no manner are you earning funds from recruiting other people on the basis of that person making money and then charging them a fee to promote the company and pay plan. BTW that’s called a Ponzi scheme or pyramid scam and is illegal in most countries. Instead, it is 100% product sale oriented, nobody makes a dime if product doesn’t sell.
SFI has a whole fleet of websites to choose from promoting and you can earn commission on over 3,000 products including subscriptions to publications like ECommergy that I mentioned above.
Online Home Business Ideas Number 5 Be A Freelancer or Consultant
Chances are you have been doing something work wise for years and may even have student loans or had student loans you paid off learning. Why not fire your boss and go after some massive amounts of money online teaching those skills to others or using those skills on a per job basis?
Many freelancers learned jobs like Integrated Technology, computer programming or repair, and have been typing reports and newsletter for years. I personally write on over a dozen different subjects I learned as an offline business manager for over 14 years. I have even turned some of that experience into cash by consulting other managers and business owners and writing content for other publications. We Also started making our own camera-ready ads and now occasionally take a Fiverr Gig to do banner design work or simple Logo creation.
Above all, I have earned the freelancer income from skills learned online for free in Social Media Marketing, influence advertising, and Search Engine Optimization. All of these skills pay huge rewards as a freelance consultant or for piece work.
Summary of Online Home Businesses Anyone Can Run
As you can see you don’t need to be a rocket scientist or even rich to make money in a home business of your own. In fact, you can start with a free blog and some free training via Wealthy Affiliate and Strong Future International and be building quite a business off sweat equity even before you invest in yourself financially.
Above all, we use affiliate marketing and network marketing to generate our income here just telling you about cool programs, cool tools, and warning you about dangerous scams online and how to avoid them. We use skills learned online and offline to do freelance work in our spare time and set our own hours and can work from anywhere in the world that we have an internet connection. The only real requirement is you do put at least 10 hours a week into building your business and be ready when your customers are to be able to collect big bank and make money online.
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