Home Business Ideas and Opportunities

Archive | March, 2015

Hate Your Job? Create a Business at Home You Can Love!

Obviously it is more fun doing things we like. Too often in life we are forced to tolerate things because we have no choice and this is particularly so with a job. Most companies know specifically what tasks they need done and define a job by those tasks. Sometimes we are fortunate enough to have a job that at least offers a variety of things to do. That makes it possible to like some aspects of it more than others, which helps a little to get through it.

So if you are planning on starting your own business this is your chance to design something that you enjoy doing. You might start by making a few lists that include your interests and hobbies and another one that has all your job experience and skills. Then you can drill down on each point and for example start to analyze ways you could make money from your interests and hobbies and/or with which you could use the skills you have.

Some examples might be if you really love to play golf. The first thing you might do is start a blog and start writing about golf – techniques, trivia, news stories, reviews, etc. You might include a calendar or schedule of tournaments in various geographical areas with information to help people travel to those destinations. Think in terms of attracting other golf enthusiasts to your ‘conversation’.

Then to monetize the blog you might add some ads for golf equipment – you could find outlets that have golf clubs, golf shoes, golf clothes, and other golf equipment and make arrangements to either become an affiliate or a distributor so that you would have a way to drop-ship. You could take the orders and add a ‘handling’ fee to process the transaction end-to-end.

Another example would be if you love crafts which can include candle making, soap making, candy making, baking, ceramics, jewelry, etc. You could make gift baskets that include a little of each or stay with one theme. These baskets are really festive and a lot of fun to receive on the holidays. This model is a little more intensive in that you have to consider the cost of all your materials to create your gifts, as well as shipping materials. You could then just run your ads on an auction site or online store front so that they could handle your order process, payment gateway, etc.

If you are more on the ‘office’ side of business then you could offer to do services with your computer such as running SEO campaigns for Internet businesses, offering to tutor people online in computer or Internet basics, ghostwriting or copywriting, tax preparation/accounting, or customer service. Again look at your list of skills and try to translate them into something you can do as a home business.

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Hate Your Job? Create a Business at Home You Can Love!

Obviously it is more fun doing things we like. Too often in life we are forced to tolerate things because we have no choice and this is particularly so with a job. Most companies know specifically what tasks they need done and define a job by those tasks. Sometimes we are fortunate enough to have a job that at least offers a variety of things to do. That makes it possible to like some aspects of it more than others, which helps a little to get through it.

So if you are planning on starting your own business this is your chance to design something that you enjoy doing. You might start by making a few lists that include your interests and hobbies and another one that has all your job experience and skills. Then you can drill down on each point and for example start to analyze ways you could make money from your interests and hobbies and/or with which you could use the skills you have.

Some examples might be if you really love to play golf. The first thing you might do is start a blog and start writing about golf – techniques, trivia, news stories, reviews, etc. You might include a calendar or schedule of tournaments in various geographical areas with information to help people travel to those destinations. Think in terms of attracting other golf enthusiasts to your ‘conversation’.

Then to monetize the blog you might add some ads for golf equipment – you could find outlets that have golf clubs, golf shoes, golf clothes, and other golf equipment and make arrangements to either become an affiliate or a distributor so that you would have a way to drop-ship. You could take the orders and add a ‘handling’ fee to process the transaction end-to-end.

Another example would be if you love crafts which can include candle making, soap making, candy making, baking, ceramics, jewelry, etc. You could make gift baskets that include a little of each or stay with one theme. These baskets are really festive and a lot of fun to receive on the holidays. This model is a little more intensive in that you have to consider the cost of all your materials to create your gifts, as well as shipping materials. You could then just run your ads on an auction site or online store front so that they could handle your order process, payment gateway, etc.

If you are more on the ‘office’ side of business then you could offer to do services with your computer such as running SEO campaigns for Internet businesses, offering to tutor people online in computer or Internet basics, ghostwriting or copywriting, tax preparation/accounting, or customer service. Again look at your list of skills and try to translate them into something you can do as a home business.

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Being Realistic is the Ticket to Success in Your Business

While dreaming ‘big’ is not a bad idea at all, we must remember who and where we are and what our limitations may be if any. It’s a simple matter of what is doable and what isn’t. So starting right out at the basics of our business plan – two critical resources are time and money.

It is all too easy to consider ‘funny money’ (credit) when you are determining how much you can squeeze out of your budget for your business each month. This however is a bad idea. Not just because you are paying interest on that money but because you have to pay the bill each month and then that is in addition to whatever it is that you charged. This adds up and all too often we can lose control – even with the best intentions of paying the full balance each month.

Do some simple math. Look at your income, versus your expenses to live. Whatever is left over would be what you have to work with. You will be very surprised though if your business is your first priority, how much ‘extra’ money you can come up with if you are willing to make some sacrifices. Is that new suit more important than your business? If not, then don’t buy it right now. Is seeing that movie the most important thing on earth? Probably not. What exactly would happen if you didn’t see it right now?

In the same way analyze what you would need to start up a business online. There will inevitably be advertising and marketing expenses associated with any business. That is probably the first priority since you need to find customers if you are going to make sales, and that is the way to do it quicker. There are many different ways to do these things online and while they are absolutely 100% cheaper than offline, there are still some expenses.

There may be maintenance fees such as your Internet connectivity, hosting, domains and various membership fees if you are an affiliate or distributor. These costs are necessary and it is not something you want to skimp on as it is important to have everything working most of the time. You will not necessarily have a lot of other office expenses like printer supplies, paper, phones, etc., as the Internet pretty much works without those things for the most part. However you will probably want some home office equipment eventually.

Everything you spend on your business is tax deductible when you file your taxes as ‘self-employed’ and even if you pay income taxes on the salary you earn from your job, you can still file your taxes for your home business and declare any income and/or deductions. So this is money you may get back in the way of tax benefits in the following year.|

At this point in the analysis you can pretty well see if it is feasible that you can afford to start a business right now with the money you have available. If you are pretty close to the line then you can possibly find ways to save a few extra dollars so that you can afford it.

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Home Business Ideas and Opportunities

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