Starting a home-based business can be an exciting time in one’s life. Many people share this excitement, and for good reason. The money, the freedom, the stress level that one experiences are all great reasons for starting a home business. However, a common question asked by many aspiring home business owners is if they will survive.
There are several ways to answer the question posed in the title. Some may survive, and others will not. The most important factor to consider when evaluating your startup costs is if you want to quit your job. If you want to quit your job to start a home-based business there are several things you will need to prepare for. Successful home based business ideas are those that have minimal startup costs.
Two of the most cost effective and high yield businesses that do not require a startup cost are Artfire and Etsy. Both of these web based businesses earn thousands each month and pay out more to artists than eBay does. They both pay generous commissions to artists. For a complete breakdown of these two online business ideas, check out the links at the end of this article.
Starting an online business with no startup costs requires a little more work, but yields much greater rewards. The internet is full of opportunities for those willing to put in the hard work to build a profitable business. If you have some technical skills, or desire to learn more about affiliate marketing and pay per click, there are free webinar courses that will teach you the techniques and strategies needed to start your own successful affiliate marketing business.
A free webinar course that will teach you how to earn money online can be completed in as little as 2 months. You can become a virtual assistant for very little money upfront, working as an independent contractor to fulfill orders and collect payment through Instagram and other social media sites. The course will teach you how to use Instagram to attract buyers, how to create content for websites, how to use Google AdWords to promote your business and how to write a simple book to teach others about your products or services. As an independent contractor, you will have the freedom to choose when and where you work.
Another small business online is affiliate marketing. Affiliates market related book, software and other items for a commission. An affiliate marketer uses tools such as pay per click search engines and PPC ads to direct interested customers toward the seller’s website. To earn a commission, the affiliate must drive interested traffic to sellers website. Affiliates often use a program called ClickBank which has hundreds of different affiliate programs and allows them to get up to two percent of each sale if a sale is made.
Other small business ideas are writing and selling your own eBook. You can write an eBook that teaches someone how to do something, such as taking care of a dog. If you are skilled in a particular subject and have created an eBook on how to do something, you can sell it to online book stores or various websites. There are even sites like ClickBank that offer affiliates a place to sell their books for a commission. Once an affiliate makes a sale, he receives a certain amount of credit for the sale.
The last two online business ideas are selling handmade clothing and making money with dropshipping. If you have ever tried to sell handmade clothing in your local community, you know how difficult it can be. There is no one to help you, no one to talk to and you are forced to do all the work yourself or risk being rejected and dumped by your buyers. Dropshipping allows you to sell online clothes without having to worry about dealing with the suppliers or the hassle of trying to find customers. A dropshipper will send your items directly to your customers and make money from your every purchase.