I’m an Internet marketer, blogger, and freelance writer, so I tend to think in terms of business ideas that can be run from a home office with a minimal investment. For many people, this is an appealing business model — especially, if one happens to be a work-at-home parent, an introvert, or an aspiring entrepreneur on a tight budget. There are hundreds of people searching online, every day, for home business ideas, cheap business ideas, low-cost business ideas, and how to start a business with no money. If you’re among them, I offer the following ideas to help you discover the home business strategy that’s best for you.
Brainstorming for Business Ideas
First of all, I’m a big believer in the power of writing things down, creating lists, and developing written plans.When you create a list of possible business ideas to pursue, you’re sparking the creative process and making your mind more receptive to good business ideas.
Whether you’re developing a small business marketing plan, trying to clarify your self employment goals, or identifying priorities that need to be acted on, when you commit something to writing, it helps generate ideas and trigger constructive action.
With that in mind, here’s a list of home based business ideas and low cost business ideas that will hopefully put you on the path to discovering the income-producing idea that will be successful for you.
- Freelance article writing, blog creation, ghost writing, web content development, Internet marketing services, writing newsletters, affiliate marketing
- Freelance graphic design services, website creation, designing print ads, promotional flyers, logos, business cards, brochures
- Social media marketing services for businesses, organizations, individuals
- Consultant: If you have expertise, certification, natural abilities, or specialized training, there’s the potential to use those skills, experience, and knowledge to start a consulting business.
- Business support services: Many business, both small and large, are often looking to outsource necessary services, such as bookkeeping, transcribing, proofreading, customer service help, research, and other important functions to reliable, qualified freelancers or small business services.
- Ebook writers, publishers, marketers: There a growing number of creative, motivated Internet entrepreneurs writing, promoting, and selling digital products on websites like Amazon and Clickbank.
- Selling stuff online: Making and/or selling physical products on eBay, Etsy, or your own e-commerce website has proven to be a lucrative business idea for a select group of online entrepreneurs. I say “select” because success depends on a lot of factors, including a commitment to gaining knowledge, persisting in the face of setbacks, and taking calculated risks. (That’s actually an abbreviated formula for success in almost any business endeavor.)
- Photography: There’s a potentially huge market for being a professional photographer, but to succeed, you need to know how to take great pictures and effectively market yourself.
- Tutoring, training, or coaching business: This business idea can run the gamut from tutoring students and giving music lessons to being a life coach or fitness trainer. If you have specialized skills and knowledge, you might be a good candidate for offering training, teaching, or coaching services.
- Event organizer: If you have a background in public relations, party planning, or conference coordination, then being an event organizer may be a good match for your skills and capabilities. Qualifications include the ability to handle and follow up on dozens of details and be an exceptional problem solver.
Those are a handful of good, low cost business ideas, which I compiled by sitting in front of my computer and generating a list of self employment possibilities.
Some of the best small business ideas originated from tapping into this creative process or collaborating with other entrepreneurs to form a brainstorming or “mastermind group.”
Visit my website Marketing Survival Kit for more entrepreneurial ideas, tools, and training resources.
Thanks for checking out my latest thoughts on business startup ideas and strategies for starting your own business.
Contact me if you have any questions or comments.
Freelance writer, blogger, marketing strategist