Starting a business has never been as easy as it is right now. If you have the privilege of having a laptop or computer with an internet connection then you have tons of business opportunities that you can start from the comfort of your home.
In many cases, people are earning six figures monthly by managing the business from their homes. In this post, I will tell you some easiest businesses that you can start from home with minimal investment.
All these methods are legitimate with great ROI potential.
So, without further ado let’s find out the five easiest way to start a business from home
1- Dropshipping Business
The dropshipping business model is one of the easiest gateways to penetrate the ecommerce industry. It is a fast return with minimal investment business model. For those who have no idea what is dropshipping and how it works, here is a brief definition for them.
Dropshipping is an ecommerce supply chain model that allows the retailer to source the product from the supplier and let the supplier deliver it directly to the customer without having to keep any inventory.
The retailer only needs to display the product on the website and promote the product via social media marketing. When the customer purchases the product, the order will be redirected to the supplier and the supplier will directly deliver the product to the customer. The dropshipper will earn the markup price as the profit.
Essentials to Start a Dropshipping Business from Home
1- Computer/laptop and an internet connection
2- A profitable niche
3- A trending product
4- An ecommerce website (Shopify recommended)
5- A reliable supplier
6- Social media advertisement expertise/expert
Facebook and Instagram advertisement proved to be quite productive to generate revenue and profits in the dropshipping business. Therefore, you’d better learn Facebook marketing or hire a virtual assistant to run advertisements for your business.
2- Amazon FBA Business
If ecommerce is a jungle then Amazon is surely the lion of this jungle. Over 2 billion visitors come to Amazon every month in the search for their products.
Amazon offers third party sellers a great opportunity to make money from Amazon with its fulfillment services.
Fulfillment by Amazon allows the seller to gets carefree from the hassle of stock-keeping, product packaging, shipment, and customer support. All you need to do is finding products to sell on Amazon, buy the product in wholesale price from Alibaba or any other wholesale service, and send the inventory to the Amazon warehouse.
Then create a seller account and list the products on Amazon. Whenever someone buys your product, Amazon will take the product from its warehouse, pack the product, and deliver it to your customer.
In addition, Amazon will also take care of after-sales services such as refunds and returns. Amazon charges FBA fees for its services that vary from product size and category. This business can be easily started from home with an investment of $2000 – $3000.
However, you may need to hire a virtual assistant for product hunting and listing optimization if you do not have expertise.
3- Start a Niche Blog Site
Affiliate marketing is one of the most preferred methods of monetization of a blog. Blogging is one of the most clichéd online business suggestions but the concept of a niche website and earns affiliate commission by promoting niche-related products is the proven tactic to earn passive income from home.
To start a niche website, you only need to find a niche in which you have some prior knowledge or interest and have good enough products to earn an affiliate commission.
Once you finalize the niche then start writing on topics that are less competitive with decent search volume. Make sure to create every topic related to your niche as Google gives website relevancy the utmost significance when it comes to search engine ranking position (SERP).
4- Become an Instagram and YouTube Influencer
Earning money through YouTube and Instagram is not a secret anymore. There are multiple options to earn money with the subscribers and followers.
Starting a YouTube or Instagram page does not require any technical skills and you can easily start it from home. However, the million-dollar question that occurs here is how to gain followers.
The answer is straightforward – Find a niche/problem and provide a solution.
Brands usually find micro-influencers who are talking about a specific problem because these channels have the most relevant audience.
For example, if you have acne issues and you overcome them with some remedy then you can start an Instagram and YouTube channel to address these issues and provide a solution that works for you.
You just need to find a niche and provide a valuable solution for your audience that’s it.
5- Open Print on Demand Store
Print on demand is a branch of dropshipping but with more easement and accessibility. In the place of a supplier, you will need a print on demand company that would provide multiple products that you can customize with your design and make them your own for sale.
You will need an ecommerce platform (Shopify recommended) and integrate any print on demand service. These services offer products such as t-shirts, mugs, tote bags, pillowcases, etc. All you need is a design to print on these products and promote these products on different social media channels.
Once you receive an order, it will be redirected to the print on demand company with customer information. The POD service will print your design on the selected product and deliver it to your customer directly. You can start this business with as low as $500 and easily create a $1000 monthly profit.
If you have come this far then I can assume that you must have gotten some ideas about starting a business from home. All these methods are legitimate and do not require you to step out of the home. These businesses are profitable but require expertise and dedication to get successful. I would suggest getting some prior knowledge; you can find fair ideas about these businesses from YouTube tutorials and free training on the internet.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
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