Are you an aspiring entrepreneur who needs some working from home ideas? Even the savviest of business minds need inspiration, especially when you’re stuck inside.
Traditionally, new business owners would begin by renting out commercial space and planning their daily commute, but in a world where people work from home more than ever — which was a growing workforce trend even before lockdown living — the web has expanded our horizons beyond such parameters.
Nowadays, you can start a company or successful side business from the comfort of your room — as long as you have a laptop and stable internet connection.
In this article, we explore some of the best home business ideas anyone can start right away. Read on as we look to inspire your entrepreneurial spirit and provide a step-by-step guide to running a successful business from your home office.
What kind of work can you do from home?
As many professionals have learned over this past year, you can get a lot done when working from home.
Unlike years gone by, our reliance on modern technology and all things digital — cloud storage, task management software, social media, and much more — means the business world is your oyster when working from home.
If you have the know-how, you can get virtually any home business idea off the ground. Plus, there are some tremendous benefits to running a business from your home. Here are a few that might appeal to you:
✅ You can set your own work hours for a healthier work-life balance
✅ You avoid sizeable running costs like office rental
✅ You save time and money by cutting out the daily commute
✅ You claim tax relief on domestic bills attributed to your work
The best part of running a home business is the total control you have over personal time and how much you invest in the project.
However, this doesn’t mean you’re in for an easy ride. Running a successful home business requires a substantial amount of dedication. Here are some of the potential pitfalls to keep in mind before going ahead with your idea:
❌ You might notice a significant lack of human contact
❌ You may have to work long hours to get the ball rolling
❌ You may feel isolated when working alone
❌ You could notice your mortgage and home insurance rise as a registered business
Although there are lots of reasons to run a business from your home, it certainly isn’t for everyone — so take some time and think about how you might adapt to this situation, both personally and financially.
What are the best working from home ideas?
While there are infinite directions you can take your home business in, not all of them make for a smooth transition. You might benefit from narrowing down your options to help find that needle-in-a-haystack idea you can truly hit the ground running with.
From affiliate marketing and kickstarting a dropshipping store to playing video games for a living, here are the best home business ideas you can start right now:
- Affiliate marketer
- Dropshipping store owner
- Online class teacher
- Freelance copywriter
- Virtual assistant/support service
Below, we’ll explore these top home business ideas a little further and provide some guidance in turning them into your own successful venture.
1. Affiliate marketer
Like the sound of making money anytime, anywhere — including when you’re asleep? Running an affiliate marketing business could be the ideal working from home business, especially if you have a passion for what you’re promoting.
Affiliate marketing is the process by which you can earn a commission for delivering online traffic to another businesses website. The process involves a business by spreading marketing responsibilities and creative effort across several parties/websites — in this case, you. This way, the bigger business leverages your talent and, in turn, rewards you with a share of the profit.
As an affiliate (or creator), you get paid by another business (or merchant) that provides you with a unique affiliate link as part of a partner program, so they can track who is responsible for the sale. When someone clicks that link you’re able to earn commission: per click, per lead, or per sale.
2. Dropshipping store owner
Have a passion for online retail, but don’t have enough room in your house to accommodate the inventory? Adopting the dropshipping model could be the perfect home business idea.
Dropshipping is a retail fulfilment method that doesn’t require you to keep hold of and store products. Instead, when a customer makes a purchase on your ecommerce website, you then source the item from a third-party distributor like Oberlo who has it shipped directly to the customer’s front door.
With dropshipping, you can set your own prices, market your own brand, and save on needless inventory costs — this is a sensible, simple, and flexible way to sell products to customers from the comfort of your home.
3. Teach online classes
Do you have valuable knowledge to share with the world? For many professionals looking to make money at home, teaching has become the ultimate side hustle.
Whether we’re talking about teaching English, mathematics, or graphic design, there’s an audience for any desirable skill — but how do you monetise your classes?
Selling knowledge has become easier than ever before because sites such as Patreon allow you to place your experience behind a paywall — plus, you can use tools like Adobe Captivate to create enticing and valuable resources learners want to buy.
4. Freelance copywriter
Do you have a way with words and a talent for managing your own time? Going freelance is no mean feat, but if you pull it all together, companies will pay for the expert hand of a talented copywriter.
Freelance writing is more popular than ever, with around about 16% of the freelance job market being occupied by bloggers, feature writers, independent journalists, and copywriters.
However, one of the downsides of selling your skills is you’re paid strictly on your time, so finding continuous and steady work is an absolute must. After you set up your website and build a portfolio of work, your next big step is attracting clients who want to work with you.
Whether you like the idea of networking or not, it’s certainly a big part of attracting clients. This is because networking is all about planting seeds and watching them grow into opportunities.
Given that word of mouth, social proof, and organic referrals are the way freelance copywriters get paid, you’ll benefit from getting your service out into the world of social media and having people in your corner to talk about your quality work.
5. Virtual assistant/support service
Are you a computer whizz — or simply someone who spends lots of time using a certain software? Then providing tech support could be your perfect opportunity to work from home.
Despite our reliance on technology to perform work and socialise during lockdown living, many people find their computers intimidating and terrifying when they go wrong. As a troubleshooter, you can offer assistance with technical difficulties and earn a healthy living.
Many smaller businesses are willing to pay for a talented support service because they often don’t have an internal department to deal with these sorts of problems.
As most of your work will be done online from a remote location, it makes sense to build your home on the web. Most aspiring virtual assistants use freelance sites like:
- People Per Hour
But as the market grows with demand for this kind of work, many larger recruitment websites like Indeed are advertising similar roles.
Working from home: find a business idea that works for you
While we’ve talked about many potentially profitable home business plans, the best ideas are the ones that work for you. After all, if you want to work from home, the whole point of going solo is to play by your rules, not someone else’s.
Find a home-based business idea that allows technology to bridge the gap between you and your market, focuses on your goals, and keeps you motivated to keep moving forward.