If you've got business expertise already, you can help other entrepreneurs launch and maintain their own businesses by offering your services as a business plan consultant and writer. Help your clients figure out their ideas, goals and finances for their businesses and put them all in one organized business roadmap. You can also help conduct market research for your clients, so they can determine how successful their businesses can really be, or if they need to make changes or go in another direction before wrapping up their business plans.
Yet another common problem encountered by home-based business people is frequent distractions that reduce productivity. In fact, distractions are everywhere for people who work from home. When faced with a difficult work task, it sometimes seems far preferable to run the vacuum, clean out a closet, walk the dog, have a snack, take a nap, raid the refrigerator, pull some weeds in the garden, or do any of the myriad other things that need doing around a normal household. In addition, people who work from home lack the motivation that peer pressure can provide in a regular office. They also face spouses and children who demand time and attention, as well as friends and neighbors who call to chat or stop by to ask favors.
I spent the next week writing content and adding the products on my site, nicontrols.com, following a crib sheet I downloaded from the Google webmaster tools forum. It took hours as writing has never been my strong point, but at the end of the week, we had a very basic online store. Being a complete novice, I hadn't realised that I had been changing a live website until I tried launching the site the following bank holiday weekend. Returning to work on Tuesday, I found an email from a company in Australia who had found my website and were interested in purchasing two of the circuit boards. The following week we received two inquires and then eight the week after that. The inquiries have grown exponentially from there.
It’s not exactly a way to make consistent great money, but housesitting—exactly what it sounds like—is a fantastically easy business idea that can fund your ability to live in exciting locales around the world (or your city) without paying a dime in rent. Did I mention it’s a way to travel and live rent free? Here’s a list of four great websites from the legendary Nomadic Matt, to start your housesitting side business idea search.
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it's not a guaranteed business idea that'll turn a huge profit every weekend.
Everyone (even kids and retirees) need to have some level of technical know-how to stay competitive and appreciate the marvels of the digital age. Just observe how learning sites like Codecademy, Treehouse, and Udacity continue to grow and you’ll understand the urgency of getting computer training for our generation (thus making it a great business idea to train others if you already have the skills). If you’re a techie, you can cash in on this need by offering lessons and tutorials within your neighborhood or across cyberspace through portals like YouTube or Udemy as a side business idea. You can even set up your own tutorial site with an interface for online payments.
People are always searching for one-of-a-kind venues for meetings, parties and weddings. Why not earn some extra money off the space you already have by renting it out for events as a side business idea? If you own a unique venue, like a studio, warehouse or boat, UK-based company Tagvenue will connect you with clients looking for somewhere special to host their event. Not a bad low-effort side business idea.
Your business is only going to come to life if you do the things you need to do to bring it to fruition. If you continue to put off the things you need to do to get your business started until tomorrow--you're too busy at work, or your kids need you to pick them up at the mall, your spouse wants you to watch a popular new television show--then when will you ever get around to doing them?
I am a total newbie to marketing. I haven’t truly started my business, but I slow myself down with the logos, website, impatience, perfectionism. I look at the professionals in my field who already made it and think I can not match them. What did happen that I started a supportive community for my prospective clients and that is growing like a wildfire. It’s been just 3 months since I opened my mouth about what I do and things are really moving. Even though there is no dollar value, I am forming valuable connections. But because this community and my future full time awesome is my huge passion, it was easy to do. I somehow did not really care if it was perfect. Now I am realizing that I have no business or game plan so I am slowing down and will address this before it’s too late.
Be genuine. Yes, your blog is supposed to make money. But you can’t make marketing pitches all the time. Focus on useful content so that your readers come to know, like, and trust you. Then they will naturally click on your advertising or buy the products you recommend. In this era of the internet and social media people are looking for authenticity.
13. Have backup. “Have subcontractors in mind, should you get enough business to warrant bringing them onboard,” says Michelle Garrett, founder of Garrett Public Relations. “I’m a one-person shop, so there are times when it’s nice to call a colleague and give them some projects to work on on my behalf when I’m feeling overloaded. What you want to avoid is getting into a situation when you need help and then trying to find subcontractors. This can be extremely stressful.”
Motivate yourself. Sit down and set some goals for yourself. You no longer have quarterly reviews or progress reports, so it's important to keep track of whether or not you're making progress in your business. It's one thing to set small goals like completing your to-do-list--you also have to set goals to motivate yourself to succeed. Hopefully by now you're making as much, if not more, money at your homebased business than you were at your former job. If you aren't, begin by setting a goal to bring in the same amount of income you were, and slowly raise the bar to increase your income by a couple of thousand a month. Once you've met a goal, make time to reward yourself by doing something fun, which brings us to the next tip.
If you want to speed up the process of launching your blog, I recommend setting up quick, affordable and easy website hosting with a company like Bluehost, choosing a simple WordPress theme and working on your first post, in order to set the precedent of prioritizing your time on creating content, connecting with (and building) your audience. Then once you've been able to build a community around your blog, you'll want to invest in really understanding your readers—so that you can give them more of what they want.
I would say my problem is that I get dazzled with all the info, products and education around the subject and I tend to buy it all and get really stuck. It is not really like nr. 1 where you are planning but like this awe you get and want to consume every little bit of thing about the subject and it makes you spend a lot of money and time. That is what I am struggling with right now.
#5 resonated the most for me. A few months ago, after being discharged from ICU, I decided that I really wanted to pursue my dream of being an entrepreneur, and decided to follow Pat Flynn’s advice (well most of it) and start my own niche site, choosing to creat a niche site for Pharmacy Technician training information for Canadians since I was a Pharmacy Technician for 5 years prior…Until I realized I hated the idea of writing to convince others to be Pharmacy Techs when I personally hated being a pharmacy tech! I found myself hating writing for the site, and drudged in doing the painstaking research to at least create a great information website. At least it was just $70 I spent on hosting from Bluehost, because I don’t think it will even generate any money (even with AdSense implemented)
Pay-per-click advertising is the easiest way to get traffic to a brand-new site. It has two advantages over waiting for the traffic to come to you organically. First, PPC ads show up on the search pages immediately, and second, PPC ads allow you to test different keywords, as well as headlines, prices and selling approaches. Not only do you get immediate traffic, but you can also use PPC ads to discover your best, highest-converting keywords. Then you can distribute the keywords throughout your site in your copy and code, which will help your rankings in the organic search results.
Taxes become significantly more complicated with a home-based business. Self-employed persons are allowed to deduct business-related expenses—such as wages paid to others, the cost of professional services, shipping and postage charges, advertising costs, the cost of office supplies and equipment, professional dues and publications, insurance premiums, automobile expenses, and some entertainment and travel costs—from their income taxes, but are also required to pay self-employment taxes. People who work from their homes may be eligible for another tax deduction known as a home office deduction. The home office deduction allows individuals who meet certain criteria to deduct a portion of mortgage interest or rent, depreciation of the space used as an office, utility bills, home insurance costs, and cleaning, repairs, and security costs from their federal income taxes. Although the Internal Revenue Service (IRS) has set strict regulations about who qualifies for the deduction, about 1.6 million people claim the deduction each year. According to Gloria Gibbs Marullo in an article for Nation's Business, the savings can be considerable: a sole proprietor living in a $150,000 home stands to save about $2,500 in actual taxes annually.
Whether you work for yourself or a company that allows telecommuting, working from home can totally revamp the way you look at your professional life. The benefits are even likely to spill over into your personal life as well, with more time and energy for the things that matter to you. Here are 15 great work from home jobs and businesses that allow you to make your home into your office.
Fantastic post Corbett!! I was referred to this article and it’s just what I need! I am actually working with a Mastermind group and a Mentor..I’ve wanted to do some sort or ebook or product ever since I first started my blog…but had no idea where to start. So I’ve just been blogging along (love it) throwing in sponsored ads here and there until now…2 years later :)
Just revisited this post after it was mentioned on the Fizzle show. And man, I’ve found that #6 is SOOO true. There are still plenty of “gurus” who say, “Even just dedicating 15 minutes per day to your new business will get you going.” While I suppose that’s literally true, fact is, I’ve found that while I’m working my full-time gig I still need to spend no less than 2 hours per day (and preferably 4+ hours per day), 7 days per week to get a useful amount of work done. Launching a business while holding down a full-time job can certainly be done (and I’m doing it), but I think too many of the IM advice-givers sugarcoat the amount of time that actually needs to be invested. Perhaps that’s why so many people “fizzle” after a few months. They start something, then realize “Oh no…this is actually real work that takes real time!”
But it’s also easier for consumers to compare similar products, which makes your ability to differentiate yourself more important. For instance, if you decide to use Etsy to sell handcrafted cutting boards, when a potential customer searches for cutting boards on the site, they’ll wade through potentially hundreds or thousands of relatively similar listings.
Darlene – How did you grow your mastermind group? I totally see the value in this but haven’t had much luck trying to get something going myself. I’m currently working on forming a local tribe (geographically speaking) with the idea that meeting in person might be really beneficial to us all although we’re all in different blog categories. How did you form your group? Who gets invited? What are the perks to membership? I would love to know!