Home Business Ideas on a Shoestring Budget

Need some home business ideas? If you’re looking for a way to make more money, know that you’re definitely not alone.

 

home-business-ideas

 

Many good hard-working people like yourself have turned to the Internet to find legitimate ways to either supplement their existing income or find ways to make a full-time income from the comfort of their own home. Is this what you’re interested in doing?

 

With a bad economy and people losing their jobs and careers, it’s no secret that you’re probably looking for a low-cost home business to provide a solution to your money problems.  And if you have a family and a job, then in all likelihood you’ll need a home business that you can do part-time.

 

When looking at home business ideas, taking the careful approach to a home business is a smart idea. A lot of people make the mistake of jumping into a home business (that they have not researched good enough) and then quickly quitting their job thereafter in hopes that the business will make them millionaires overnight.

 

You may chuckle at the absurdity of that but it happens all the time. I’m sure you’re smart enough to realize that you can’t get rich overnight…it’s a process.

 

Are You a Veteran? If So, Make Sure to Read: Home Businesses For Vets

In fact, keeping your job during the start-up period is often a very good decision. By keeping your job, you can maintain the health of your personal finances while allowing your home business to grow strong so it can start producing income for you.

 

Fortunately, there are some home businesses ideas that you can do that require very little cash. Some businesses can even be maintained on a shoestring budget.

 

Look at this short infographic outlining the process…

 

Home Business Ideas That Work

 

If you get the right training and keep at your business on a consistent basis your business will be strong enough to support itself and produce revenue for you. The money you make from your business can be used to supplement your existing income or make enough money for you to live off of completely.

 

Only when that time comes does it make sense for you to leave your job (if that’s what you want to do). You’ll then have more time to devote to your business so you can grow your business even bigger.

 

Given the state of the home based business industry, it is very easy for you to take the plunge into home business ownership. There are hundreds if not thousands of home business ideas you can do from home.

 

Yet, if you’re like most people, you’ve been putting off starting your very own home business because you may have had the misconception that you will have to risk thousands and thousands of your own hard-earned dollars to start it up. In the back of your mind you may be even fearing failure.

 

You may have thoughts of:

 

What if the business fails?

 

Will I be forced to take out a second mortgage on my house just to stay out of bankruptcy?

 

What will my family and friends think of me if I fail at this?

 

Do you have any of those thoughts? Do you let your fears of failure keep you from reaching for your dreams?

 

If so, let me put your mind at ease and introduce you to a few home business ideas that you can start for less than $100 and that can be operated very profitably on a part-time basis.

 

First of all, let me just let you know that you want a business model that will deliver steady and repeat business. If you want to market online, you’ve got to make sure that people are buying similar products and services you are selling online. It is the one thing — above all others — that will assure that your company can survive the test of time.

 

Here Are Some Interesting Home Business Ideas

 

Home Business Ideas

DROP-SHIPPING MAIL ORDER

 

Home-based mail order is a good example of how you can quickly grow a home business income. Mail order is a low cost start-up business that can be launched for around $100 USD.

 

With proper planning, your home-based mail order business will not require up-front inventory purchases. In the mail order business, it is not uncommon to rely upon drop-shippers for product fulfillment services.

 

By utilizing drop-shippers, you can sell the products, collect the money and then purchase the products from the wholesale outlet. The wholesale outlet will then put a return address for your company on the product packaging and deliver the product directly to your customer.

 

Your primary expense in the mail-order business is advertising. Classified advertising tends to be a relatively inexpensive form of advertising with thousands of outlets available to the small business owner. On the paid advertising end, pay per click can deliver targeted prospects to you very quickly. You can utilize ebay for advertising your products as well.

 

RESELL / WHOLESALE BUSINESS

 

Buy low — sell high. You can acquire high quality, top-of-the-line merchandise for a fraction of the retail cost. There’s a lot of money to be made reselling used products (antiques, one-of-a-kind, hard to find, etc…). A lot of people turn to sites like Ebay and even Amazon to list their products.

 

AUCTIONS

 

Auctions can be an excellent source for buying cheap and selling high. Both government auctions and Internet auctions can lead to some excellent profit opportunities. Auctions are an excellent tool for both acquiring and selling merchandise.

 

ARE YOU CRAFTY?

 

You can make and sell your crafts offline (country fairs, swap meets or anyplace where people gather.) and even online. You can sell your crafts on ebay. There are even ecommerce sites dedicated to people who make their own crafts and want to sell them for a nice profit.

 

WRITE INFORMATIONAL eBOOKS / BOOKLETS

 

Online this is a gold-mine! You have no monetary expenses if you choose to write your own ebook. Write what you already know and find people online who are interested in buying that kind of information. You can also sell the resale rights to others for extra profits.

 

Offline you can write and publish your own informational booklets; sell them at a high price. All you need is a little know-how, a printer, paper and stamps. Better yet is to have an ebook and offer a printed version as an upsell option. This is a GREAT home business idea.

 

OFFER OFFICE / MARKETING SERVICES

 

Offer office services for hire in your local paper. You’ll be surprised at the amount of regular office business that can be gleaned from one little classified ad. Such needed services include word processing, typing, accounting, data entry, proofreading, transcription, and writing promotional letters.

 

A lot of online marketers are looking for virtual assistants. If you have the skills why not put it to use? If you know anything about Internet marketing you can offer those services as well. All these tasks can be accomplished right from your own home office.

 

AVON REPRESENTATIVE

 

Yes, Avon’s been around for over half a century, hasn’t it? You can get started rather cheaply (less than $20 bucks) and you can have access to top-notch well-known products. Once you get yourself established you can be the “go to” Avon rep in your area and even in your circle of friends online. This falls under the umbrella of selling other people’s products (see below).

 

SELL OTHER PEOPLE’S PRODUCTS

 

Just like in the Avon example above, selling other people’s products and services is another way to get started quickly and profitably. This is called affiliate marketing. In network marketing you are sometimes referred to a distributor.

 

In the end it’s all the same because you’re marketing someone else’s products in exchange for a commission. Out of all the home business ideas, this is the one a lot of people turn to get started making money online.

 

START A TRAVEL CAREER FROM HOME

 

There’s no lack of travel companies that hire travel agents to work from home. One such host agency is Outside Agents. If you like the idea of having a travel business, you may also be interested in a travel network marketing business opportunity.

 

IN CONCLUSION

Make sure you do your due diligence when looking at all home business ideas. The Internet abounds with scams…and you don’t want to become a victim to any of them. Ask questions and get solid answers before going forward with any business.

 

Remember, if it sounds too good to be true, then it probably is. Just use your good judgment and invest wisely in proven methods of earning extra income.

 

Your partner in success,

 

corrisasig

 

About the Author:

 

Corrisa Malone is an online home business trainer and Internet marketing coach. She is the owner of Home Business Ideas That Work blog that reviews popular home business ideas and opportunities. Click here for reviewed and recommended home based businesses.

 

NOTE: You are welcome to reprint this article as long as the links stay intact and article is not altered in any way.

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Comments

  1. Julie says:

    Good post about home business ideas. It definitely gets the juices flowing as to what I can do from home.