7 business which you can do from home. Here's all you need to know

We live in a time of technology and possibilities where the change brings different opportunities and alternatives. Numerous new jobs and skills are in high demand. One should utilise technology and grab opportunities with both hands. If you do not like your current job or want to start your own business, then read this article multiple times and bookmark it. As per the recent study, working from home can improve work performance by 13%. Here you will get to know about different online businesses that you can run from your home. So, stop delaying your business plan and start living your life with freedom from anywhere you want.

Here are some of the best work from home businesses that you should know.

1. Online Consulting Business

If you are equipped with all the experience, knowledge, and network in a particular profession, you can start your own online consulting business. It is the best home-based business to help other business owners and clients make better decisions.

To make your online consulting business successful, you should focus on these steps.

Networking

A consulting business requires a strong network among business owners, clients, and other consultants from the same field. You can use professional networking websites or exchange contact information to improve your network base.

Target Your Niche

Research about the market and the needs of the customers. Start providing services that are missing in your industry or a specific location. Focus on solving customer problems in a particular niche and based on your expertise and knowledge, choose your niche and target customers.

Pricing

Create a pricing structure according to industry standards. Know how much your competitor charges for a particular service. Make a list of all the business expenses to know the estimated profit.

2. Drop-Shipping

Dropshipping is an excellent online business that you can run from your home. You can start your online store with a different product. In this business, the best part is that you don't have to pay for the inventory until it’s sold to the customer. Your supplier is responsible for storing, packaging, and delivery of the products.

It is one of the lowest risk business models as you only pay for the products that are sold to the customer. With a good business plan and strategy, you can earn a huge profit from this business.

These are some of the steps you can follow to start your online dropshipping business.

Choose The Product

There are different products that you can sell online from drop shipping goods such as T-shirts, shoes, kid’s toys, etc. Choose the product of your interest and which is booming and in high demand.

Competitor analysis

Research top-selling drop shipping businesses and e-commerce websites. Analyse social media business pages of your competitors to know their marketing strategy and content ideas.

Find A Supplier

Find the best supplier for your product online and see the reviews and ratings from other drop shipping business owners. Select the best supplier for your product and contact them to enquire about supply and pricing. You can either select 4-5 best suppliers and contact all of them to compare the overall service of the supplier.

Build An Online Business Store

To start your line dropshipping store the first thing that you need is a domain name. It is important to have a good domain name as it represents your brand name. After buying a domain name, signup for Shopify and select the best theme for your online store.

Marketing and Promotion

Once your online store is ready, start promoting your business on social media by optimising your business pages or running paid ads campaigns. You can also do influencer marketing to improve the brand awareness and reach of your business.

3. Digital Marketing Business

Online Marketing services are high in demand and every small and big company is promoting their brand through digital marketing. You can start your digital marketing business to help other businesses grow online. You can work from home as a digital marketing specialist or provide a specific service.

Digital Marketing services include:

Search Engine Optimisation

As a search engine optimiser, your responsibility would be to optimise your client's business websites to rank on search engines like Google. You would do the on-page SEO that includes searching for the keyword and inserting it in the page URLs, descriptions, and titles, and testing the speed and performance of the website. On the other hand, you would also do the off-page SEO to get backlinks for the website.

Social Media Marketing

Social Media Marketing service includes effectively creating ad campaigns such as Facebook ads and Instagram ads. Statistics show that around 94% of marketers use Facebook ads regularly. As a social media marketer, your primary job would be to show the online ads to the target audience who visited the website previously or seeking the product or service.

Email Marketing

Email Marketing is another service that you would provide in your digital marketing business. In this service, you have to send bulk emails to interested customers and make them visit the landing page.

4. Online Tutoring Business

Online tutoring is another best business idea that is easy and affordable. In this business, you can teach a particular skill or conduct online educational classes for a particular subject. You can become an online fitness coach, English speaking tutor, homework helper, and more. The global online learning market is projected to reach $325 Billion by 2025.

You can coach people via video calling or by selling your learning video playlist.
As an online tutor, you will require a computer and a good internet connection.
Know your target students and where you will find them.
Decide the pricing of your service after researching the market.
Deal with all the mandatory legal processes to start an online tutor in your location.
Make a creative business plan to attract new students and compete with other tutors.
Promote your business on social media and through other online marketing methods.

5. Virtual Assistance Business

Visual assistance is a rapidly growing home-based business. Virtual assistance provides multiple services and helps a particular individual or business by doing several tasks. It's an affordable online business where you only need to have certain tools and software to work.

To start a virtual assistant business you can create a menu of services.
Search for potential clients and make a list of all of them.
Decide your business name and register yourself and get a required license to run the business.
Create business plans and strategies to get more work
Promote your business on online platforms

6. Handmade Craft Business

If you like to make Homemade crafts and you are good at it, then you can turn your hobby into a business. People like to buy different homemade crafts as they are affordable and look nice. You can earn a good amount and get a lot of recognition in this business.

Visit online craft stores to know about your competitors and the different types of craft you can make.
Choose a particular craft and know the requirements and needs of your target customers
Learn how to improve the quality of your craft by using good materials.
Focus on improving both online and offline brand awareness.

7. Website Design

Demand for a website designer has increased in the last few years. Nowadays, almost every business has its website, and to make an impressive website, they hire a web designer. Around 75% of the credibility of a website comes from its design.

As a web designer, your job would be to choose the best colour combinations, alignments, fonts, and to make overall website structure such as header, footer, background, etc.

To work as a web designer, all you will need is a computer or laptop and a good internet connection. As a freelance web designer, you can work as much as you want and make your working schedule as per your convenience.

Conclusion

As a freelancer or a self-employed, there will be certain things to take care of such as work ethic, discipline, and consistency. With all your skills and hard work, you can achieve success in your field of business. However, It takes time to achieve the desired goal in the business initially. So you should start it with the above-mentioned business idea as a side hustle and once your business is established you can do it full time.

Also read:

1) What are the best businesses in India to start from home?
2) Best Home Business Ideas in 2020
3) Business Ideas: 8 businesses you can start from home easily
4) Top-10 Proven Home Based Business Ideas