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Buy an existing ecommerce businessIf you’re more interested in investing in a source of income you can maintain while at...
21/02/2022

Buy an existing ecommerce business
If you’re more interested in investing in a source of income you can maintain while at home or on the go, consider buying an established ecommerce business.

Prices vary greatly based on a variety of factors, including total revenue generated, profit potential, available assets (like an email list or social following), inventory, and more. Some sellers will even onboard you and teach you the ropes of running their store.

Exchange is a marketplace powered by Shopify for buying and selling ecommerce stores. You can browse the listings for great businesses that suit your budget, level of experience, and needs.

Grow an audience you can monetizeIf you’re a content creator, have a sizable online audience already, or have always tho...
21/02/2022

Grow an audience you can monetize
If you’re a content creator, have a sizable online audience already, or have always thought about starting your own blog, YouTube channel, Instagram account, or podcast, then you can potentially grow and monetize your following using any of the previous ideas on this list.

Andrew Finn co-founded Wait But Why, a blog-turned-business. After amassing more than 371,000 subscribers and millions of visits, the brand created digital content products tailored to an already loyal audience. Today, Wait Buy Why is a full-blown ecommerce site with digital and physical goods for sale.

Productize your service or expertiseAs we just discussed, one of the biggest downsides of running a service-based busine...
16/02/2022

Productize your service or expertise
As we just discussed, one of the biggest downsides of running a service-based business is that you’re paid strictly for your time, skills, and effort. Emily Newman of If I Made productized her classes into digital courses, packaging the recordings from her live sessions and selling them at a lower rate.

“Productizing” your service—creating physical or digital products that package up your expertise and streamline or complement the service you offer—can add additional revenue streams to your business. You can cater to your current customer base or even find a new target customer in the same space.

Gabriella and Andrew Morrison started their home-based business by packaging up their expertise around tiny-home living. They sell courses and plans on Tiny House Build and StrawBale.com—operating everything from the comfort of their cozy, non-traditional house.

Offer online servicesServices are even simpler than products to start selling at home, but the challenge is allocating y...
16/02/2022

Offer online services
Services are even simpler than products to start selling at home, but the challenge is allocating your limited time. “Time is money” is never truer than when you’re running a service-based business.

Creative professionals, like designers or marketers, might freelance or consult with other companies, juggling multiple clients, often remotely from their own home office with occasional travel. Others might operate based on appointments and bookings to offer their services to individuals directly.

Start a print-on-demand businessUsing a similar dropshipping model, a print-on-demand business doesn’t require you to ho...
15/02/2022

Start a print-on-demand business
Using a similar dropshipping model, a print-on-demand business doesn’t require you to hold any inventory or ship anything yourself. Print-on-demand even offers you more flexibility to customize white label products with your own creative designs.

Rebecca Lee Funk launched The Outrage, a women’s rights activist apparel brand that sells print-on-demand t-shirt designs, from her home. The business donates a portion of profits to Planned Parenthood in former US president Donald Trump’s name. Her launch campaign went viral, and The Outrage turned into a thriving ecommerce business.

Start a dropshipping storeSo far, we’ve covered business ideas that require you to hold inventory in your home. But ther...
11/02/2022

Start a dropshipping store
So far, we’ve covered business ideas that require you to hold inventory in your home. But there are a variety of online businesses ideas to pursue that don’t involve worrying about inventory and shipping.

These businesses employ a dropshipping model, where a third party produces, stores, and ships your products on your behalf, leaving marketing and customer service as your chief responsibilities. Retailer Subtle Asian Treats is an example of a home-based business that uses a dropshipper.

Sell homemade products If you’re a maker yourself (or know someone who is), consider turning that hobby into a business....
11/02/2022

Sell homemade products
If you’re a maker yourself (or know someone who is), consider turning that hobby into a business. Even if you have to create your products elsewhere—in a studio, commercial kitchen, or workshop—you may be able to store and sell them in your own home.

When you have the ability to control nearly every aspect of the products you sell, you can make them more cost effective, improve their quality, or cater them to a certain audience by targeting demand in the market.

Josh Pigford already had a thriving home business in a business analytics startup, but wanted to find a way to flex his creative muscles. He started printing succulent planters at home with his 3D printer—and a new business was born. Cedar & Sail now carries planters, coasters, and other small desk tchotchkes.

Buy products in bulk and sell them onlineMany businesses center on the simple concept of importing products in bulk and ...
11/02/2022

Buy products in bulk and sell them online
Many businesses center on the simple concept of importing products in bulk and selling them individually for a profit.

Maybe you recently traveled abroad and came across unique products that aren’t readily available in your market but that you sense an appetite for. Or maybe you’ve zeroed in on a niche market and know the perfect way to serve it.

Either way, if these products are relatively easy to store and ship, you may have some solid home-based business ideas on your hands.

You can even initially use your home as a showroom to sell locally, giving you the option to expand with additional storage space and employees as you validate your idea and sales start to ramp up. This is how Artemis Design Co. got its start.

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