A home-based business is a great way to get started in the world of entrepreneurship. It offers flexibility in your schedule and environment, while also keeping you close to your family. According to the U.S. Small Business Association, 52% of all businesses are run out of someone’s home, and 72% are operated by sole proprietors. If you’re a solo entrepreneur without the money to rent a physical office or storefront, you can still start a profitable home business in America.
We’ve researched the most popular home business ideas and ranked them by startup costs, skill level, and earning potential. This is to help you decide which idea is best for you.
7 Best Home Business Ideas
- Graphic Design Business
- Makeup Artist Business
- AirBNB Business
- Pet-Sitting Business
- Art Lessons Business
- Social Media Marketing Business
- Proofreading Business
Graphic Design Business
This business is ideal for people who like to design and use their artistic skills to create logos and other graphics. People who want to own their own business, but also work with clients, will find this business attractive. They’ll need a degree in design or a related field, as well as the skills to effectively communicate with clients to ensure they meet their design needs.
The cost of getting started in graphic design is low, but it’s still an investment. This includes software and a website. The success of your business depends on your sales, as well as how much you’re able to handle.
Makeup Artist Business
Makeup artists are high-skilled, artistic people with a passion for makeup. However, it’s possible to get the necessary training online. Many of these artists have formal training, but nowadays, anyone can get sufficient education on YouTube tutorials.
Low startup costs and steady growth in the cosmetic industry make this a great business to get into. Especially with the help of social media marketing, makeup artists can earn big salaries.
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If you travel often or own an empty home, you can make money by renting it out on Airbnb. This is a great alternative to starting a traditional B&B. Airbnb businesses are popular because they require little investment. Just like independent B&Bs, hosting guests is about providing excellent hospitality and offering basic maintenance services.
Depending on where you live and the size of your space, opening a business can be lucrative. The quality of your listing (including photos, description, and reviews) will make a big difference in the success of your business.
If you love animals and don’t like to work for someone else’s schedule, there’s a job for you. Pet-sitting is an easy home-based business with no required skills, although most pet owners prefer sitters with previous experience.
Startup costs are minimal, and the potential earnings are great. You can make $50,000 or more per year.
Art Lessons Business
If you’re a creative person who has excellent people skills, you might enjoy becoming an independent art teacher. There are no formal requirements to start, but having a background in art or education could be advantageous.
If you are an experienced artist, you can earn $100,000 annually by charging $70 per hour. The bulk of your expenses will be art supplies and marketing.
Social Media Marketing Business
There is a growing number of social media-savvy entrepreneurs who are making a living at home by using the tools of the trade to communicate with a variety of people. Social media is becoming increasingly popular in communicating with potential consumers, and if you have the right skills for the job, you can use it to make a good living.
It’s not necessary to get formal training, but you need to have a real talent for engaging people on social media. Successful social media marketers earn $50,000 per year on average, but many earn over $100,000.
Read also : Best Social Media Management Tools
Proofreaders are the last line of defense in ensuring that your content is free of errors. If you can find someone with a strong command of the English language and who has an eye for detail, they can be extremely beneficial to your company.
Working as a proofreader is a great way to make money. You can do it from home, and you don’t need any special skills or education. The average income is about $50,000 per year, but you can make even more if you work hard. But there’s little room for growth, so think of this as a short-term job.