Home Business Ideas
Home based businesses have several advantages over other businesses.
There’s no morning commute for one thing and far less logistical considerations overall.
Perhaps most crucially of all, however, is that since home businesses have considerably lower setup and running costs when compared with other traditional businesses, there is therefore far less risk involved.
Not all that long ago home-based businesses were limited in the amount of money they could make. The man tinkering in his garage or the woman producing crafts at home might come up with some amazing products but had no access to mass production or distribution whilst those who offered services could only serve a very limited geographic area.
The web changed all that. From the comfort of your own home you can now offer your products and services to a global market. The virtual services industry is one of many rapidly-growing sectors as a result of the internet boom. It has empowered millions of people throughout the world by providing them the opportunity to earn an independent income whilst simultaneously helping entrepreneurs harness the power of outsourcing to grow and expand their business to unprecedented levels.
But that’s only half the story. Other sectors such as trade, retail, media, publishing and manufacturing have undergone profound changes in recent times. The end result being that many such enterprises, once the exclusive province of large corporations, can all now be easily managed and coordinated from a humble home office.
Of course the changes we have seen so far are only the beginning.
We live in an age of unprecedented, exponential innovation bringing new ideas and new opportunities.
In this section we will look at various work at home business opportunities including fresh ways of selling products online and exciting new ideas for home business startups.
So if you’re looking to launch your own a business but you’re not sure where to start, you’ll find everything you need to know right here.
Jeff Albertson : September 3, 2012 11:16 am : E-Commerce
In my first post on this subject I wanted to give you an overview as to the realities of e-commerce in this day and age. Selling things online isn’t as easy as it used to be, though it can still be a highly profitable venture, provided you do your market research well in advance.
Next we covered what products to sell online (a subject we’ll obviously be returning to again and again). We talked about how important it is to be able to stand out from your competitors, including some of the big-league mega-retailers, and one great way to do this is to find a smaller niche, rather than trying to be the next Amazon or iTunes.
Lastly, we discussed the pros and cons of physical goods versus digital downloads. Physical goods, whilst they can be quite profitable, by their nature, are far more logistically demanding. A lot of thought has to go into choosing the right packaging, postage provider and other considerations such as having delivery dates and your own returns policy. (Things which we will be looking at in more detail throughout this series.)
Digital downloads, on the other hand, are virtually instant, with demand for items like games, apps and e-books is continuing to rise, and everybody wanting to own an iPhone, Android or Kindle, finding a nice niche for yourself could become a highly profitable venture indeed.
Whichever route you choose to take, be it physical goods, digital downloads, or both, there’s one thing you need to think about carefully before you do… more »
Jeff Albertson : August 3, 2012 9:06 am : E-Commerce
In our introduction to selling “stuff” online we discussed how online commerce has changed retail forever, and how the big boys – both the regular established retail giants and the online retail titans that threatened them – have since consolidated their grip making it harder and harder for independents to compete, which is why having a proper business plan and a clear selling strategy is so important.
If that sounds daunting, don’t worry, essentially speaking that means doing your due diligence, as any budding entrepreneur ought to, and thinking long and hard until you have found the answers to the following questions:
- What exactly are you selling?
- Who do you intend selling it to?
- And how exactly do you want to sell it?
Seems like pure common sense, right? Yeah well it should be.
But you’d be surprised how many people actually don’t have an answer to even one of those questions.
Jeff Albertson : August 1, 2012 11:54 am : E-Commerce
“How do I make money on the internet?” – at the end of the day, that’s pretty much what this site’s all about right? And the only reason you’re here right now, reading this, is because you want an answer to that question.
Truth is there are millions of people out there – right now – who’ve already found the answer.
They’re involved in various different enterprises ranging from e-commerce to affiliate marketing, day trading to freelancing. In addition to this there are countless more people who, each and every day, come up with new and innovative ways of making money. So really, the possibilities are limitless.
Nine times out of ten, though, when somebody thinks about ways to make money on the internet, the first thing that pops into their mind is “selling stuff”.
Cathy VA : September 22, 2011 8:44 am : Virtual Assistant
The virtual assistant industry came into being during the 90s as the web began to gain massive adoption allowing the telecommuting revolution to begin in earnest. For the first time employees were now able to work from home on either a temporary or permanent basis. The first virtual assistants were entrepreneurs who chose to go freelance, offering their services as contractors or consultants, rather than employees.
The term virtual assistant (or VA) derives from personal assistant (PA), the virtual part denoting the fact that the work is carried out from a remote location via the internet. more »
Biz Guru : September 8, 2011 6:46 pm : Home Entrepreneurs, Tech Startups
Here are some interesting statistics on entrepreneurs in the US.
This article provides a summary of American entrepreneurial trends from a report by the Harvard Business School. It provides some fascinating insights into the world of entrepreneurship. more »