No matter how rewarding your current role may be, there are many benefits to becoming self-employed. Whether you are looking to start a full-time business or a lucrative part time business, for many people the first step to entrepreneurship begins with starting a business from home. Understanding how to start a business can be the biggest challenge to begin with. Although, to give yourself the best chance of success, you will need to find a business idea which works. To help get you on the path to success in 2020, we have compiled a list of the best business ideas to start from home.
Start a blog
Whether you are interested in travelling, films, cooking or personal finance, there will be others who will be keen to read your content through an interesting blog. There are many ways to monetise a blog, such as blog sponsorships, affiliate marketing and email subscribers. To help you get started there are a variety of website hosting services, which will enable you to design a blog with very little experience and minimal costs. You will need to create engaging content and build a community surrounding your blog, as this will improve your visitor numbers and potential income.
Become a virtual assistant
If you have skills which a business could benefit from or are known for your organisation skills, you could hire yourself out as a virtual assistant. If you have a strong professional network you may already have contacts to approach, although sites such as People Per Hour and Upwork are also great places to advertise your services.
Become an Airbnb host
If you own your own home and have a spare room, renting the space through Airbnb can provide a great income stream. Not only will you benefit from additional income, you will also meet new people. There are also ways to increase your income by offering personalised experiences, such as tours of the local area or even renting out your entire home.
Start a personal fitness training business
If you are interested in health and fitness, you could turn your passion into a great business. Becoming a personal fitness trainer can be both financially and physically rewarding, and it is possible to start your business from home. Once you build your business and establish a strong client base, you could turn the business into a full-time role with great prospects.
Offer music lessons
Do you play a musical instrument? If you play an instrument to a high standard, you may be able to offer your services as a private music instructor. Whether you play the piano, guitar or flute, there are likely to be people in your local area looking for a new hobby. This is a great way to start a business which is focused on your own interests, while earning a great income.
Become a dog walker
If you are fond of dogs, you are not alone. Many of us choose to bring a dog into our families, however not every owner is able to take them for the regular walks they need. If you have spare time and are looking to start a business with very little costs, dog walking is a great idea. You could quickly build up a group of regular clients which provide a weekly income, whilst also advertising to those which are going on holiday.
The above business ideas have been chosen for their flexibility and low barriers to entry, however if you have a business idea which requires financial support, we can help. Here at BusinessComparison, we specialise in helping businesses compare everything from start-up bank accounts to business loans for sole traders. To find out more, please contact our team today.