Working from home is a dream for many people, although it won’t be that way for long. By the year 2020, more of the workforce will work remotely or from home than ever before. If you want to be ahead of the curve and run a profitable home business that doesn’t involve a commute or full-time staff, you’ll like this list of the top 5 profitable home businesses and how to start them.
Top 5 Profitable Home Businesses and How to Start Them
Start a drop-shipping business
You can sell almost any product when you start a drop-shipping business. Many entrepreneurs get their start by becoming a sort of middle-man for the consumer and the manufacturer making the products they buy.
You will set up an eCommerce store, customers will visit and buy from you, and you’ll source the supply from the manufacturer you’re working with and have them ship directly to the consumer. That means you’ll never have to touch the product – just sit back and let the money roll in!
Become a business coach
Becoming a business coach or business consultant is a great home business to start if you’ve got the right experience! Anyone who’s worked in a management position for a few years or has experience running their own business can become a successful business coach or consultant.
Small, medium, and large companies will pay experts to coach and train their employees to improve processes, company culture problems, new systems changes, marketing strategies, and more. You can run this business from home or meet with clients in person.
Use a skill you already have
If you’ve already learned a skill, why let it go to waste? Use a skill you already have to start making money from home quickly.
The beauty of using a skill you already have is that you can decide whether to perform your work remotely for online clients or for local clients in your area. This is helpful for anyone who worries that they’ll miss human contact if they work solely from home or start a home business.
Whether you’re web-focused (web design, SEO, social media marketing, PPC advertising, etc.) or more in the “real world” – woodworking, car detailing, professional organizing, etc. – you can make great money doing what you’re already good at.
Teach a language – even English – online
You know at least one language, and you can make money by teaching the language(s) you know to people online in other countries! English is a highly-sought-after language to learn in Asian countries, where there are more requests for freelance English teachers than anywhere else in the world.
Check out website Italki.com to start giving English lessons -you can set your own price and use the site to connect with students who want to learn English or another language you know fluently.
Start a small bakery or catering company
If you’re talented in the kitchen, you can be sure that others in your area will appreciate your talents, too! If you have access to professional cookware and equipment, you can start a small bakery or catering company from home and serve local customers, as well as national customers if you find the right shipping materials!
A bakery or catering company will need special licensing from the state it operates in, so make sure to get all the requirements completed before opening!