Many people around the world see it as a way to generate additional income with start a business at home. In this article, I want to give you some home business ideas and explain how to start a home business.
- 1 HOME BUSINESS IDEAS
- 2 HOW TO START A HOME BUSINESS
HOME BUSINESS IDEAS
Among the most popular home business ideas are:
1. FAST FOOD
This type of business is attractive due to the ease of starting them, the low capital required and it is a service in demand, mainly near residential areas and offices. The key to this idea of family businesses lies in producing a product of high quality and great taste, at a price appropriate to the portion served.
2. SALE OF SEASONAL FOODS
A business idea at home that is simple enough to start is to sell a food or seasonal product. For example, in the hot season, a product with high demand is ice creams, which would mean putting a seasonal ice cream shop. During the cold season, a demanded product is everything hot (coffees, broths, etc.). The key to this type of home business ideas is the schedule. For example, ice cream is more likely to be sold in the afternoons after young people leave school and on weekends. Otherwise it is the sale of hot foods, usually, coffee is bought in the morning.
3. RENT OF ROOMS
If you have an unoccupied room or quarters in your home, one of the quickest ways to make money is to rent them. Generally, they are rented to students in the area or single women. Another option is to rent the rooms per day, to foreign people, as a hostel type. The key to this service business idea is the presentation of the facilities, location, and promotion that is given (serious format).
4. WORKSHOPS OR COURSES
If you have knowledge or experience in a certain subject (for example, from education such as English, computers, mathematics, to handicrafts such as sewing, hair cutting, painting, etc.) These workshops are very profitable mainly in residential areas (focused on the market segment of the course) and in downtown areas. The key to this type of business is to create a long-term relationship with the students. Another important aspect of these home business ideas is that the location of the workshop is close to our target students. For example, it would be a mistake to set up a pastry shop in a low-income area.
5. INTERNET BUSINESS
Online business has a lot of potential for the future. If you have knowledge of computer use and English, you can start a business, either in its different forms such as blog, website, sale in mercadolibre, e-commerce site, etc. I recommend you check the CENI course where we show you how to develop your web business from 0.
6. PET CARE
For those people who like animal care, this business idea from home is excellent. The concept has different modalities, such as taking care of pets for a few hours, a full day, a vacation. The most important thing for this business is to generate confidence from you towards the owner of the pet. This can be by means of an adequate arrangement of the facilities, having a diploma of courses of control or care of animals, and some reference of past clients.
7. SALE BY CATALOG
For some small cities, catalog selling is a profitable and attractive business to put at home. There is a great variety of products to sell with this kind of home business ideas: lotions, perfumes, clothes, shoes, plastics, etc. This type of business is more difficult in large cities, mainly because there are already large self-service companies that offer similar or lower prices and immediate delivery.
8. EMERGENCY SERVICES
An innovative business idea is to offer services to respond to emergencies regarding different topics. For example, the urgent arrangement of laptops or computers; the arrangement of a seam of a dress to be worn at night; an aesthetic service 24 hours a day; a vet service all night. It is important that the business is related to the location of the premises. For example, in a residential area, it may not be profitable to set up a PC fix business.
9. SERVICES FOR PARTIES
In residential areas, there is always the demand for parties of all kinds: children, birthdays, celebrations, etc. A home business idea may be to offer services such as catering, balloons, decorations, furniture, inflatable games, for this type of home parties. The key to this kind of home business ideas is to offer flexibility to the client, with respect to the schedule and set of services.
At least in Mexico, bakeries are in great demand by residents of residential areas. This is an excellent business idea at home. It is important that you consider what product to sell, depending on the area where you live. For example, for a high-income area, a good choice would be European cakes or bakery.
HOW TO START A HOME BUSINESS
Some tips I want to give you about how to start a home business are:
1. DO NOT ASK FOR PERMITS UNTIL YOU TRY THE BUSINESS
It is better to start the business without city council permits, what to spend the money on them without knowing if we are going to create a successful business or not. Once we see that we are selling and making profits, check all the necessary paperwork.
2. MAKE A QUICK BUSINESS PLAN
It is not necessary to make a plan of 20 sheets for home business ideas. Answer the basic questions of the business plan, such as what to sell, how I am going to sell it, who I need, how much it will cost, how much I need to sell to get out in zeros, to whom I am selling it. By answering these questions, you are clarifying the most important aspects, and you can decide if it’s worth the business or not.
3. PRESENTATION IS IMPORTANT
Although it is a home business, the presentation of the place or the business does matter. A person will not enter a business with a badly painted, obscure, dirty, or lonely sign. Think of ways to improve the space where the client will enter and be.
4. CLEARLY INDICATE WHAT THE BUSINESS IS
Many home business ideas are failing, due to the fact that they do not have a clear image. For example, what is understood if, outside of the business, it says “Don Pepé Taller”. It is not understood and no client that is a stranger is going to enter the business. You need to give it a generic name, indicate it is a slogan and do it with an attractive design. In the same case, a better name would be “Rustic Carpentry Workshop. We assemble the furniture that you want at the best price”
5. MAKE A QUICK FOCUS GROUP
A focus group is a form of market research. In simple words, it is a group of people who are exposed to a topic and we ask for their positive and negative comments to evaluate the topic. In the case of home-based businesses, ask friends and neighbors to evaluate your business and honestly tell you what issues they see attractive and what are not. This “second opinion” will indicate aspects to change in your business.
6. MEET BUSINESS HOURS
Outside the business, it is advisable to set the contact schedule and telephone number. To be a serious business, you must comply with this schedule, and focus it according to your customers. For example, in the food business, it is advisable to also open on Sundays. By not opening these days, you lose potential customers.
7. DO NOT LEAVE THE BUSINESS ALONE
As a business rule, a business is left alone. No client is going to enter a store that a) has the door closed and b) there is no one to attend. You can do other activities in the home business, but it is necessary that there is always someone ready to attend.
8. NEED PROMOTION
Not because they build with home business ideas, it means that advertising and promotion are not necessary. Of course it is necessary! You need to determine a monthly amount to invest in different forms of advertising, such as a website, directories on the internet, flyers, brochures, business cards, posters, banners, etc.
Finally, I recommend you to know how to start a business, where you will gain more home business ideas yourself to start your home business, how to develop your idea, business plan, analyze your costs, potential sales and determine if it is a business profitable.