From baking and selling homemade cookies to creating crafts out of recycled items, there are many different home business ideas with low startup costs that can be tailored to your interests and skill set. If you’re thinking about starting your own home business, but aren’t sure where to start, we’ve got some great ideas for you to consider.
Take a look at our list of 10 home business ideas with low startup costs below, and don’t forget to check out the rest of our site for more great home business tips!
1) How to start your own Pinterest
Pinterest is one of today’s hottest social media platforms, and it’s a perfect outlet for hobbyists and amateur photographers alike. Whether you have an active interest in fashion, gardening, or baking, Pinterest can help you share your creative passions online with others.
The website is essentially a giant bulletin board where members can create individual pinboards or pages dedicated to photos of their favorite brands or products.
The best part about Pinterest? It doesn’t require any special technical skills to get started – anyone can simply sign up and begin pinning away. If you have some existing knowledge on how to work around WordPress, then starting your version of Pinterest won’t be too difficult.
2) How to be a successful blogger
As you start your home business, you can begin blogging as a hobby. This is one of the best home business ideas. This will allow you to share stories about your entrepreneurial journey and build an audience that is truly interested in your expertise.
This will also build credibility among other bloggers. If people like what they read from you, they’ll likely be more apt to check out other sites in your niche when they need help or home business ideas on how to succeed in their businesses.
Use these tips for how to be a successful blogger Write about topics you are passionate about. Be consistent by posting regularly (at least once per week). Don’t forget to include links to your website and social media profiles at least once per post. Provide value by writing helpful content (don’t just talk about yourself). Respond to comments so readers feel engaged in conversation with you.
Post on a variety of platforms such as Facebook, Twitter, LinkedIn, Google+, etc., so readers don’t get bored of seeing everything in one place.
How do I know if my home business ideas have potential? Is there already demand for my product or service?
• Do I have contacts who would buy it?
• Would others pay me for it?
• Does it make sense financially?
Use these ideas to create your own unique and helpful home business ideas. Home business ideas don’t need to be complicated or take up a lot of time if you plan wisely. Planning, research, and organization are important keys to creating a home-based business that you can stick with.
If you want sustainable home business ideas, you’ll need one that is simple, flexible and has long-term potential. With some persistence, it’s possible to turn your passion into profit!
3) How to become an Instagram influencer
If you’re interested in becoming an Instagram influencer, you need to build up your following. Influencers can make $3,000 – $5,000 per sponsored post on Instagram. However, unlike Twitter and Facebook, Instagram doesn’t have an external link that you can use to track how many clicks you get from your profile.
So, unless your profile is set up as a business account (and not a personal one), you’ll be tracking traffic using third-party social analytics tools like Followerwonk or Crowdfire. Both services offer paid plans for businesses looking to track their followers and boost engagement.
For example, if you run a health Instagram account, you might offer to provide product reviews or post before-and-after photos of your followers who have used a certain supplement. If you have an active Twitter account with lots of followers, consider offering to retweet anyone who follows your Instagram profile back. And don’t forget that sharing coupons and discounts is another great way to attract new followers!
4) How to find freelance jobs using Upwork
Writing job descriptions is a skill in itself, and it’s one that you can quickly learn. It’s also an important skill to learn if you’re looking for ways to make money from home. Freelance writers and editors, web designers, virtual assistants, and other types of freelancers need to be able to write compelling job descriptions that showcase their skills and get them paid.
Fortunately, there are many free resources online to help teach you how to do just that. Here are a few tips for finding freelance jobs on Upwork (formerly known as oDesk) and other freelance sites.
There are also tools to help you get hired on Upwork. Manage your profile. Be sure to complete and actively manage your Upwork profile so that clients can learn more about you and why they should hire you for their next project.
5) How to Open A Drop Shipping Store Online
Dropshipping is a business model in which online retailers don’t store inventory. Rather, they sell products on their website and ship them directly to customers from vendors or manufacturers.
In other words, when a consumer purchases a product from your store, he doesn’t pay you at all. Instead, you tell Amazon (or whatever e-commerce site you use) to charge him for it and then Amazon delivers it for you! Sounds great right?
So how do you make money doing dropshipping? Well, when someone purchases an item from your online store and it is sold by a third-party vendor, you charge them for it (minus any fees) and then forward that money to your supplier.
The benefit of dropshipping is that your overhead costs stay low since you don’t have to worry about warehousing or processing inventory. Best of all, you can get started in just a few hours with these home business ideas. All you need is a website and a business banking account.
6) How to Sell Items Through Etsy
If you have a talent for making things, you can sell them on Etsy. It’s entirely free to open an Etsy store. You simply sign up, post pictures of your creations, and start selling. Etsy makes it easy to sell and keep track of your inventory. There is a small listing fee and they take 3.5% of every sale you make.
If you have an eye for design and some experience in digital editing, consider becoming a virtual assistant. It’s one of my favorite online jobs, and it’s a great way to make money from home. Plus, you can work for startups and businesses of any size — even if they don’t have an established website. To find these jobs, you can use sites like PeoplePerHour or UAssistMe.
For even more inspiration, follow these home business ideas as they show what people all over are selling via Etsy.
7) Re-sell items online through Posh mark
Poshmark is the preferred platform among millions of vendors and is one of those home business ideas that has low startup costs. The simplicity of usage. As a mobile application, Poshmark makes it very simple to list your items. Simply photograph your stuff and provide a description on your smartphone. It is incredibly fast and uncomplicated.
streamlined shipping and purchase procedures After selling an item on Poshmark, you will get a shipping label through email. Simply print the label and affix it to your package, and your goods are ready for shipment.
Easy return procedure. Dealing with returns on sites like eBay, Etsy, and Facebook Marketplace can be a genuine pain. Thankfully, Poshmark moderates return requests to minimize potential complications. Buyers must provide images to justify why they must return a product.
Poshmark provides two-day USPS priority delivery, allowing you to send your things in the free priority mail envelopes available at your local post office. Be cautious to clean your belongings before packing them, particularly if you haven’t used them recently.
8) Open an eBay store
Opening an eBay store is simple, cost-effective, and can be done in as little as a few hours. Unlike building a full-blown eCommerce site, setting up an eBay store only requires your attention once or twice a week (i.e., listing your products).
Make sure you have your seller account set up and test out selling on eBay if you’ve never done it before it can be very lucrative if you play your cards right. Keep in mind, too, that there are millions of other sellers out there who are trying to make a profit from their unused items and will undercut you at every opportunity. Have fun shopping for deals!
If you’re willing to go through a little more work, it is possible to set up your standalone eCommerce website. This will require less time and effort than maintaining an eBay store but should also be accompanied by a detailed business plan which you can use to show investors or potential partners in your new venture.
Thankfully, there are plenty of affordable tools that can help you build your website without any web design skills.
9) Sell on consignment at local boutiques
Consignment is when a store sells items on behalf of its owner. The owner retains ownership until the object sells if it does. As the owner, you would compensate the store for selling your goods by paying a nominal charge.
For example, you consign a bicycle for children for $20. Typically, when they sell your bicycle, they retain fifty percent or ten dollars. You get $10. If the bicycle does not sell, you are free to take your goods home. (Some locations do charge a nominal “activation” or consignment fee.)
Consignment stores are locally owned, mom-and-pop companies. Prior to committing, it is essential to investigate the store’s policy regarding consignments. When you visit the shop, the products will be marked with a unique identifying number to determine which account receives credit for the purchase.
I believe that consignment stores are only profitable if you have high-quality items to sell. For apparel, designer labels are essential. You will need vintage or fairly new luxury furnishings. Auctions are inconsistent. Even in the children’s consignment store circuit, I’ve found it hard to earn money with children’s items unless they are from luxury labels.
10) Create crafts and sell them online.
Selling your crafts online is one of those home business ideas that has low startup costs. Creating something new and selling it will give you a sense of purpose and keep you busy all day long.
Although there are several methods to sell handmade products online, selling via your own website is undoubtedly the greatest option. You may interact directly with clients and avoid paying marketplace fees.
Additionally, when a prospective buyer sees your website, you no longer face competition from other artists. Instead, buyers will focus only on your assortment of products, which will be displayed just how you like.
Don’t worry if you’ve never created a website before. Using the correct website builder, it can be accomplished in minutes. Make sure to choose one with an integrated online shop. Thus, buyers will be able to peruse your incredible goods, discover what makes them special, and place an order in a single location.
It’s a good idea to consider branding from the outset so that your product photographs and marketing materials have a consistent vibe as you go. Your brand identity should be applied to all aspects of your company, including your business cards, online craft shop, and social media presence.
Having a consistent voice, tone, and style can expedite the communication of your brand to consumers and accelerate the development of customer loyalty.