No questions asked: the pandemic has completely changed work life and there’s no going back. If you’re looking to join the work-from-home revolution, there are plenty of fantastic home-based business idea you can start sooner rather than later…
While E-commerce might seem a little old-school when compared to dropshipping, let’s face it: buying and selling online never goes out of style. In our current times, more people buy things online than ever before – you can pick up anything online! There are two main types of E-commerce, product creation or reselling. When creating products, you can make and sell almost anything online, from self-designed clothes and bed frames, and use websites like eBay and Etsy to sell it.
When reselling, you can buy things from local retailers, resellers, thrift stores, or the like – even other online sellers – and then sell it on sites like Amazon or eBay for a higher price, receiving a profit on the other side. While there’s certainly more work to be done here, E-commerce gives you total control over your home-based business.
Haven’t heard of dropshipping? It’s one of the newest, biggest home-based business ideas. Instead of creating and selling items yourself, you create ads for products already online. “Once someone buys a product on your e-commerce site, you then buy it from the vendor and have it shipped directly to the buyer,” explains Jared Goetz, founder of Zendrop, a platform designed to help people run successful dropshipping businesses. That means no more worrying about inventory or heading to the post office.
There are some downsides to dropshipping, however: sometimes, the items sold to customers can be of low quality or never arrive at all, and the responsibility will be on you. Goetz himself once had to pay off $450,000 to a Chinese sourcing agent when things went arry. So, if you decide to start a dropshop business, make sure you find great suppliers!
Do you love caring for children? Well, a daycare is one of the best home-based business idea to come out of the pandemic. As a result of COVID-19 many daycares closed and now that people are returning to work, many parents are now struggling to find a good daycare. Think you would run a good daycare? First check out your local market, and see if there’s demand for a new daycare.
If it looks like your area needs a new daycare, start looking into your state and local laws, as you will likely need a specific business permit. Once you have the legal side of things, its time to start building a suitable children’s area in your home!
Are you good at web design, singing, writing, or any other service that people need. Well, even during a health crisis, these types of professionals are always in demand. If you have a service you want to share with the world, start looking into the demand for it online. Then, start using websites like People Per Hour, Upwork, or Fiverr to find and complete tasks for money!
Ready or not, the decade of home-based business ideas is here!