How can anyone make cool money online

Earning Money from Home: 13 Ideas for a Successful Home Business

When it comes to starting a business, you might think straight to things like renting commercial property, commuting to an office, or dealing with employees. But with new technologies and an ever greater acceptance of home work, you can now build a successful business in the comfort of your own four walls. Earning money from home - what used to be just a dream is now within reach. Such home businesses now come in a wide variety of forms.

In some cases, a free room needs to be converted into a mini-warehouse for products, while other models can be operated entirely online. In general, however, you can set up such a business completely from home and often even require little start-up capital. Sounds exciting? Then let's jump right in.


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Making money from home: pros and cons

A home business is an undertaking (whether full-time or as a sideline) that you can start and run in your own house or apartment as a basis. A few companies, especially those that sell online and don't have a lot of inventory, can even be operated completely independent of location. For those who want to make money from home, this is probably the supreme discipline. Before deciding which route to take, however, there are some advantages and disadvantages to consider.

Advantages:

  • A low-investment company has fewer overheads (such as storage fees). In addition, there are possible tax deductions that can be claimed.
  • The ability to sell products or services locally or internationally.
  • A flexible work-life balance that is ideal if, for example, you want to stay at home as a parent or are already retired.
  • You can start a family business that your partner or family members can get involved in as needed.

Reading tip: You can find our top 10 online business ideas with low capital requirements and no inventory here.

Disadvantage:

  • You may need to free up space in your home to accommodate your business needs (e.g. warehousing, setting up a home office, or storing equipment). Doing all of this without disrupting your life at home can be a challenge.
  • You still have to comply with all regulations that apply to your (potential) business (e.g. you may have to rent a large kitchen if you want to sell food products or apply for a storage license).
  • Your business may grow beyond your home and require you to rent additional space and hire employees.
  • Working from home offers a lot of freedom, but it can also be lonely. If you enjoy interacting with people, this could well be a problem.

13 business ideas to get started today

In principle, anyone who wants to earn money from home has many options. However, the following 13 ideas are our highlights, all of which can be implemented more or less easily:

  1. Buy products in bulk and sell online
  2. Selling handmade products
  3. Starting a dropshipping shop
  4. Start a print-on-demand shop
  5. Offer online services
  6. Teach online courses
  7. Offer service or know-how as a product
  8. Building an audience that can be monetized
  9. Buy an existing e-commerce business
  10. Start of a subscription box business
  11. Working with pets
  12. Selling discarded items
  13. playing video games

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1. Buy products in bulk and sell them online

Many companies focus on the simple concept of importing products in bulk and selling them individually for a profit. Perhaps you recently traveled abroad and came across unique products that are not readily available in your home market, but for which you believe there is a demand. Or maybe you've identified a niche market for yourself and know how to serve it perfectly.

Either way: If these products are relatively easy to store and ship, then this might be a solid business idea that you can make money from at home. At first, you can even use your space as a showroom to sell on site. So you can test your idea without large investments, and then expand with additional storage space and employees if successful. Artemis Design Co.

I lived in south Boston and my living room was packed with products. When people wanted to look at something or try on something, I just invited them over to me. And that's how I got my first sale.

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2. Sell handmade products

If you enjoy doing things yourself (or know someone who does) you should consider turning this hobby into a business. Even if you need to manufacture your products elsewhere (e.g. in a studio, industrial kitchen, or workshop), you may be able to store and sell them in your house or apartment. If you are able to control almost every aspect of the products you sell, you can make them more cost-effective, improve their quality, or offer them to specific audiences based on demand.

You can find out here which cool hobbies you can easily earn money with.

Earning money from home - that is already a reality for the young Berlin family around LEORIDO founder Nadin. Under her brand, she and her partner sell well thought-out, sustainable and colorful sports and exercise equipment for the whole family. In their own four walls and in cooperation with non-profit workshops, they manufacture their products with attention to detail.

It doesn't matter whether you're starting out on a marketplace like Etsy or want to build your own online shop - selling your creations is a great way to share your passion with others and earn money from home in the process. Please note any regulations for products that customers take or apply to their skin. The best part is that making your own products doesn't have to be overwhelming. If you want to scale, you can set up a process and hire people to help you with production.

Reading tip: On the Amazon and Ebay marketplaces or via your own Shopify store: Here you can read where online retailers should sell.

3. Starting a dropshipping shop

So far, we've covered business ideas that require you to keep inventory in your home. However, there are a multitude of business ideas online that don't need to worry about inventory and shipping. These companies use a dropshipping model where a third party company produces, stores, and ships your products on your behalf. You yourself take on the marketing and customer service as your main tasks.

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Children's brand Finer & Dandy is an example of a home-run company that works with a dropshipping supplier. Founder Courtney White started the company looking for a way to make money from home without spending too much time providing services. This is how she finally came across dropshipping. Now she gets up at 4 a.m. every morning to manage her dropshipping business before work.

Your dropshipping supplier can be local or overseas. The important thing is that you find a supplier that you can trust and that offers you a consistently good customer experience even after the sale. You should always check carefully and conscientiously here, otherwise you endanger the reputation of your company.

If you want to learn more about starting a dropshipping business, check out our guide to dropshipping.

With the right Shopify apps like Oberlo, you can connect to suppliers with just a few clicks to import products into your shop and optimize fulfillment at the same time. At its core, dropshipping is about becoming a supplier of third party products. As this, you will bear the costs (both financial and temporal) for the marketing in order to be rewarded with the margins on the sale. In many cases, this can turn your products into a commodity with limited options for customizing and branding your customer experience. Fortunately, there are several ways you can still compete - even if there is no shortage of your products in the market you serve:

  • Combine products from different vendors to create a shop that caters to a specific niche.
  • Compete on quality content and customer service, and create value that goes beyond your products.
  • Align your sales activities to a previously neglected region. (Pay attention to the shipping costs.)
  • Address a new audience with the same products (e.g. LED shoes can be marketed to music festival attendees or runners).

4. Start a print-on-demand shop

A business in the area of ​​print-on-demand is very similar to dropshipping, as you don't have to keep your own inventory here either and you don't have to worry about shipping. Print on demand even gives you more flexibility in customizing white label products with your own creative designs. Rebecca Lee Funk founded The Outrage, a clothing brand with a focus on women's rights, and sells print-on-demand T-shirts from home. The Outrage launch campaign went viral, turning the brand into a thriving e-commerce business in no time.

There are many other print-on-demand products that you can sell: books, hats, backpacks, blankets, pillows, mugs, shoes, hoodies, phone cases, watches, and much more, depending on which vendor you want to work with. Many print-on-demand shops focus on serving a specific niche or, better yet, a common identity. What are people enthusiastic about and what do they like to share with others? How about yourself From pet owners to vegans to gamers, there are plenty of passionate communities you can sell products to. If you have design skills, you can create your own designs. And if not, you can always outsource the design process to freelancers.

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5. Offer online services

Earning money from home is even easier if you rely on services instead of physical products. The challenge here, however, is how to manage your limited time. "Time is money" - this saying is particularly true when running a service-oriented company. Creative professionals such as designers or marketing experts can work freelance or advise other companies. Here they juggle several customers from their home office, only interrupted by occasional customer visits. Others could act based on appointments and bookings to market their services directly to individuals.

Selling digital products: You can find an interesting roadmap with 6 ideas for getting started here.

Make money from home with these service-based business ideas:

Service-based businesses often require good networking and effective word-of-mouth to find suitable customers. However, satisfied customers will likely use your services over time. Because of this, you don't necessarily need a large number of customers, as you would with a product-based business. Depending on the service you offer, a handful of high-profile clients may be enough to work from home full-time.

6. Teach online courses

Chris Carey, one of the founders of MAPerformance, started his auto parts and services business from the comfort of his home. He started by using forums to provide tips to online users on how to maintain and repair their cars. After he demonstrated his expertise and built trust, people started going to his ecommerce page to buy parts.

If you have a teachable skill, you can not only share knowledge in forums, but also turn it into sophisticated online courses. There's an audience for pretty much every skill, be it English as a second language, advanced marketing, or everyday household hacks.

If I Made is Emily Newman's home business by imparting valuable knowledge to creatives. When teaching courses online, not only do you have the flexibility to do so from home. You can also choose whether to offer live lessons or recorded courses and training. For example, you could offer the live classes at a premium price while customers can purchase the recorded sessions at a discounted price.

This is also what Yegi Saryan, founder of Yegi Beauty, does with her business. After building a successful online brand in the beauty segment, she turned her talents into passive income. Cosmetics professionals can now take their eyelash courses to develop their skills and thus advance their own small businesses. The courses are available both online and in person.

You can also determine the course size and duration. If you prefer small groups or even one-on-one interviews, consider mentoring or exclusive mastermind groups. If you like larger groups, you could offer correspondingly extensive units and courses. Teach as part of a one-time all-day event, an hour a week, or anything in between.

Not interested in human interaction? Then you could sell a preproduced and fully downloadable course. All you need is the content - be it video tutorials, templates, articles, or guides. Use a screen recording tool like ScreenFlow to record your screen and voice as you guide your students through the material.

Let's hold on: For those who want to earn money from home, online courses could be the perfect alternative. The fixed costs are very manageable here - all it takes is some time to prepare the content.

7. Offer service or know-how as a product

As we just discussed, one of the biggest drawbacks to a service-minded business is that you only get paid for your time, skills, and effort. Emily Newman from If I Made offers her courses as digital products. To do this, she used the recordings of her live events and then sold them at a lower price.The transformation of your service into physical or digital products