It is possible to become an entrepreneur while sitting at home. The great thing about entrepreneurship is that all you need to succeed is an idea and financial backing. One cannot go without the other, but which is more important?
A business idea is the staple of every startup. Without an idea that sells, no one will be interested in funding your startup. So that’s why we decided to come up with 5 startup ideas that you can try from home without needing financial backing. With all that said, let’s start.
Amazon is one of the biggest companies in the world. Not only is Amazon a great place to buy anything you want, but you can also sell as a business. According to data, more than 200,000 startups sell through Amazon. And the company makes it very easy for you to start your own Amazon store and start selling.
To do that, you will need the creativity to launch your storefront, add products, and get creative with marketing. The fees are quite reasonable and that’s probably the reason why many are going with Amazon. Not only that, but the online retail site sees more than 200 million visitors each month. Imagine the potential if you can get a tiny fraction of that number.
Another reason why selling through Amazon is an excellent startup idea is that the service can potentially bring you tons of passive income. And let’s not forget that you can do it from the comfort of your home.
Subscription Box Business
If you’re unfamiliar with what subscription box businesses are, all you need to do is find a popular YouTuber and you’ll know. Subscription box businesses are businesses that deliver goods to your doorstep on a monthly or bi-weekly basis.
Some of the most popular startups that have emerged from this business model include Dollar Shave Club, Birchbox, and many more.
What makes this an excellent business idea to try is that you can do it from home. You will need to find a way to make your goods but you can sell from a personal computer in your home. The key to succeeding in this niche is to get your products out there. You’ll probably spend lots of money on marketing and advertising, and will most likely have to turn your attention towards influencer marketing.
But regardless, subscription box businesses are excellent startup ideas.
If you’re particularly crafty and creative, then jewelry making is an excellent startup idea to try from home this year. You’d be surprised to find out how many young entrepreneurs are selling their craft. Artisanry is insanely popular and there are plenty of ways to monetize your skills and experience in making crafts.
One of the most popular ones is jewelry making. This is a small business idea that could very well expand into multiple stores over time. In the beginning, you don’t need to invest in a workshop or a physical store and instead sell online.
Since this business falls in the category of artisan work, you’ll be offering your clients exclusively handmade jewelry pieces. Etsy is the best platform to monetize this type of startup as it has all the features you need to sell your handmade jewelry. Once you start growing and more people discover your Etsy website, you can take it to another level and open your first physical store.
Digital Marketing Agency
The great thing about the online world is that anyone can practice their craft. It’s quite common for digital marketers to start their startups exclusively online and from their homes. Much like plenty of other startup ideas, digital marketing doesn’t require you to be present in an office and you can start this business online. As a digital marketer, you’ll be running social media accounts, come up with marketing strategies for online businesses, and look to grow company profiles.
The job is very fun and easily scalable. Once you find a few clients, you could very well start recruiting more people and even open your very own offices.
Airbnb Hosting Business
When it comes to starting a business from the comfort of your home, few are as convenient to set up as an Airbnb hosting business. This startup idea is all about monetizing part of your home, your entire home, or other property you might have.
It involves putting your property up on Airbnb and offering it to travelers. In exchange, you’ll charge rent. The key to succeeding as an Airbnb hosting startup is all about providing customers an experience they’ll never forget. Ideally, you’ll want to renovate your property and make it look nice and attractive to potential guests. Since these people will be using your property for travel purposes, they’ll want the best possible accommodation experience money can buy.
Putting your property up on Airbnb can be a potential goldmine. And considering that you’ll be starting a business, you could very well start buying other properties and doing the same thing.
Home entrepreneurship is growing fast! More and more eager entrepreneurs start their businesses from the comfort of their homes before transitioning to the physical world. Thanks to the internet and its many services, startups can drastically reduce costs on rent by using their homes as home offices.