Let’s take a look at our countdown of the most profitable home businesses and see if any of them are right for you. These are the business ideas that I think will give budding entrepreneurs the best chance of making money in the coming year – and just as importantly, the opportunity to start a business that will last and make money for years to come.
It has been a nice experience for me starting my small business from home, and I do make a nice income for my expertise with wall decals. Now I sell online and to locals that I meet at the Doctor’s office or supermarket – wherever I spark up a conversation.
Remember; there are lots of business ideas that didn’t make this list that can be developed intosuccessful small businesses. These are just ten that I think have greatpotential. Here are another great post with 20 Home Business Ideas for Entrepreneurs posted a few weeks ago. take a look.
Most Profitable Home Business Ideas
Personal trainer or instructor
No, we are not talking about opening a gym in your home, but ratheroffering your services directly at the residences of your clients. Asmore and more people have started to realize the importance of stayingfit, becoming a personal trainer has become one of the most profitablehome businesses. You can focus on fitness, aerobics, or the ultrapopular yoga. Whatever you choose, you can rest assured that you will be able to find plenty of clients to keep you busy. Just contact a localassociation to get the licenses and certifications you need and you’regood to go.
Read: How to start a your business?
In a tough economy, businesses need all of the help they can get. As abusiness coach, you can empower individuals — often business owners andmanagers — to improve their work performance through personal change.The most successful business coaches have plenty of experience in thebusiness world, along with specialized expertise (e.g., marketing,finance, or sales). Whatever your niche, you need to have the ability to help your clients set and achieve their goals.
Network withothers in the business world, both business coaches and owners, to findout what clients want and how to market to them. The International Coach Federation provides certification and a coach referral service for its members.
Candle making business
Candle making business can be initiated with a small start budget and homebased basis. People purchase candle not only for religious purpose butalso to scent and decorate their home and business places. Thepopularity and consumer demand for scented and decorative candlescreates a tremendous business opportunity for the innovative start upentrepreneurs. A small scale candle making business can be a great wayfor the entrepreneurs for extra money or even a full time income. Tostart a candle making business, there are many things you shouldconsider to ensure your venture is success.
In starting a candlemaking business you will need legitimate business documentationdepending on where you want to start the business.
Also read: 7 Things to Consider Before Starting Your Own Business
It’s undeniable — yoga is a trend with staying power. And it’s especiallyappealing to an aging population, as seniors benefit from low-impactworkouts. Yoga is also gaining attention in the medical community;according to a 2008 study by Yoga Journal, nearly 14 million Americansreported that a doctor or therapist had recommended yoga to them. Andyoga is attractive to today’s price-conscious consumers who don’t wantto spend a lot of money for exercise equipment.
You don’t need a studio to teach yoga; just like a personal trainer, you can visit clients at their homes or offices. The Yoga Alliance website provides information on yoga schools, certification, insurance, and more.
No onelikes doing taxes, and they need to be paid whether the economy isbooming or tanking. This is why at-home tax preparation can be a greatbusiness for anyone with a tax background, or anyone willing to taketraining courses. Since there are annual changes to the tax code, youwill need to refresh your training each year, and you will also need toregister with the IRS as a tax preparer. This is more of a seasonalbusiness than a year-round endeavor, but it can be a great way to earnsome extra income each winter/spring. Median salary: $30,900.
Medical or legal transcription
In order to perform these two jobs all you’ll need is a computer withinternet access, headphones, and a printer; and fast typing abilities.Apart from being some of the most profitable businesses one could engage in, these jobs are relatively easy to perform as long as you don’t mind being cooped up in front of your laptop throughout the day, punishingyour keyboard with your blazing fast typing abilities.
Candymaking business idea is a fantastic way to turn your hobby and skillinto a profitable home based business model. Home made candies arevery easier to make and also quite popular. From chocolates tolollipops, children and mature adults enjoy indulging in candy. It’s awonderful idea you may consider to convert your hobby to a profitable,home based candy making business. The market for specialty candy is bigand growing globally.
If you want to make candy, you can always learn tips and ideas from the training.
Animportant part of the home buying process is having a professional homeinspector go through the house to determine the condition of thebuilding and point out any potential problems. A home inspector needs to meet the state regulations for the profession, which varies from stateto state, although anyone who has worked in the construction or housingindustry will have a leg up. Median salary: $52,000.
Also read: How to Start Branding Yourself and Your business
Building furniture & Sewing.
Everyone loves a well-built and handmade piece of furniture. If you’realready spending time in your workshop, why not sell your wares? Etsy is an excellent place to start selling without having to have a physicalstorefront.
Whether you’re making onesies and quilts for sale onlineor at local markets or doing repairs and alterations for locals withill-fitting clothes, your sewing machine could be your ticket to awork-from-home business.
This is aperfect business idea for trained accountants who would like to workfrom home, although it is not necessary to be a Certified PublicAccountant in order to become a freelance bookkeeper—it’s just necessary to have the background knowledge that bookkeeping courses at anycommunity college can offer. This kind of freelance work is especiallyhelpful for small businesses that do not need or cannot afford afulltime bookkeeper, making it possible for you to have full time workthrough several smaller clients. Median salary: $34,000.
Ifyou’re never happier than when you are landscaping your yard, landscapedesign might be the home-based business for you. This is a relativelynew field, so you can get some background knowledge through a degree,although schools that offer these degrees are somewhat rare, or you canintern with another landscape designer.
Also read: How To Start A Business: The 8 Steps To Startup
Because the Internet continues to expand and grow, building websites is a great computer-related home business. Eventually as you compile a great web design portfolio, you can service larger business clients from the comfort of your home office.