Setting up your own business from home

Nowadays, setting up your own business from home is much easier to achieve thanks to new technologies. More and more entrepreneurs are encouraged to create their own business, and doing so is easier than we think, and now it is within everyone’s reach. But what kind of business can you start at home? We give you some ideas that will help you to create your own business, and even have fun with it.

Before starting a home-based business

Working from home on an entrepreneurial project carries with it a huge responsibility. Maybe it’s not a job under the rules we’re used to. But we must ask ourselves several questions: is it feasible for your company and your home to be located in the same space? what expenses will be involved in adapting your family environment to the work environment? do I have the ability to do any kind of work from home? do I know someone who can help?

You must answer all these questions and know if it is possible to make your project viable before taking the step and putting the investment in.

What other aspects do you have to take into account?

Write the Business Plan that will help you define the essential aspects of your business (financing plan, marketing, sales…)

Register your own brand and create an identity.

Make sure you know all the laws so you can lay the foundation for your business.

Good practices to carry out

Keep your finances separate from your business and personal finances.

Set yourself a work schedule and respect routine. Part of the success of a business lies in being consistent with your daily work.

Create marketing campaigns from scratch; you can even start launching campaigns before you open your business to generate interest and attract the attention of future customers.

Build your team. The beginnings are hard and everyone knows it, but make sure you have a team to advise you on your business.

Benefits when starting a business at home

Of course one of the maxims that lead to entrepreneurship is passion. To be able to dedicate yourself to what you like and make it your job is an aspiration for many. This entails a series of benefits such as working for yourself and leaving behind the figure of the boss.

Another benefit is the reconciliation of family and work life in a more flexible way. Being able to work from home, set your own hours and spread out your time as you wish throughout the year are very attractive features. It is true that the responsibility you acquire is much greater so the effort invested will be greater and longer term.

In many cases, companies end up growing and becoming large leading companies in their sector. In particular, the tax advantages are usually much higher, since all those taxes that are usually paid per company and per worker are reduced.

Ideas for home based businesses

Idea nº 1.- Arts&Craft

This phenomenon is one of the great world trends and you may wonder why. Basically because it consists of turning your hobby, what you like, into your profession. If you think about it, no one will sell a product better than someone who is passionate about it. Besides, nowadays selling is very easy because you have great platforms like eBay or Amazon that can help you. Also, create a blog and an ecommerce with tools like WordPress. There are also many opportunities with alternative services where they create the corporate image of your company.

There are several possibilities of selling from home. For example, if you like sports you can offer yourself as a personal trainer. On the other hand, if you know languages, you can take classes via Skype or videoconference. In the case you like to design, your business could be selling clothes over the Internet. Or, if your passion is art, sell your paintings or projects. If you stop to think, you’ll find thousands of ideas to undertake at home.

Idea nº 2.- Dropshipping

If you’re undecided and don’t know what to sell, a good option is dropshipping. This trend consists of a retail sale where the retailer takes care of selling the product but does not own it. As a kind of intermediary. The retailer makes an agreement with the wholesaler to send the product to the end customer.

In this way the retailer is spared having the products in stock and the need to have a place to leave them. Dropshipping is simple, you only need to create a web page or virtual store where to offer the products and take care of giving the alert to the wholesaler when a customer makes a purchase.

Woman in surroundings of digital technology

Idea nº 3.- Buying and selling

Another business possibility to undertake at home would be buying and selling. Again, base it on what you master because it will allow you to know when and where to buy cheaply and how to attract the public that is willing to pay more for it. Basically, it’s about doing the same as any buy-sell business but from home. You can buy cheap using tools like Wallapop, second hand. Then you can sell them on these or other platforms like eBay. It is only important to have a good eye and to know very well the niche you are going to dedicate yourself to.

Idea nº 4.- Housework

There are people who don’t have time to cook, clean, go shopping. Therefore, a good business could be to offer them these kinds of services. A good idea would be to create a website where people who do not have a job or can only work a few hours can offer their services, and at the same time, others with a lack of time can have extra help.

For example, there is a website, Deliberry, that is dedicated to doing the shopping for you. Another option could be a website where people who know how to cook can offer to do catering or prepare tuppers and take them home, and so many people who due to lack of time cannot prepare their own food would have an option to eat well and varied every day for a modest price.

Idea nº 5.- Importing products

Being attentive to trends, identifying a market trend in another country and anticipating it before it reaches yours, or simply looking for novelty items that you might like and selling them, can be a good idea to set up a simple and profitable business from home.

To begin with, you should look for a market niche and try to specialize, at least initially, in a sector, product or country. Create an online store, always be aware of trends to find the right product, buy it and sell it. You could also think about exporting products from here to abroad, especially those that are exclusive and cannot be bought anywhere else.

To find what you want to buy you can also dig into the great Chinese online market that is Alibaba.

Above all, try to find products that may have been shipped from other countries that have not yet arrived here.

Idea nº 6.- Youtuber/ Influencer

This professional figure is gaining more and more ground. In Spain there are many people who use their knowledge and skills to earn money. What does it mean to be a youtuber? Sharing self-made videos, on the Youtube platform, where you see that person doing something interesting for a specific audience.

From youtubers you can find from those who show how they play a video game, those who tell jokes or more humorous, to those who make tutorials of all kinds of things, it can be beauty, combination of clothes, among others. So you know, if you have a skill that stands out from the rest, upload your video to Youtube, promote yourself and start making money. In short, it’s all about finding out if your passion can get enough interest to turn it into a business.

Youtubers are really influencers, just like the content creators on Instagram or TikTok. Take a look at this article where we give you the keys to answer the question that many young people are asking today: How to be an influencer?

Idea nº 7.- Design sales

Do you know how to design? Then sell your designs online and start your business. You have several possibilities such as printing T-shirts, backpacks, shoes with your own designs and, at the same time, set the trend.

You can start by promoting yourself little by little and sell your designs through other platforms. Over time, you can create an online store and offer your products from there. If they are unique and you like them, you will soon have a niche market.

Idea nº 8.- Blogger

If you can write and are innovative, a good way to open yourself up to the world of work is to become a blogger. You can create your own blog or participate in others to gain an audience.

You can get in touch with other bloggers, and in this way collaborate. They write for you and you write for them, so you can reach a wider audience. But if you want to stand out, you must be original, creative and contribute new knowledge. In addition, promote yourself on social networks and get a site on the Internet.

Idea nº 9.-Extra Bonus

The funniest thing is that not only can you apply just one of these tips, but ideally you can combine your passion or hobby with several of the ideas for entrepreneurship at home outlined above. Creating a blog about your hobby will be a key tactic in attracting an audience to sell your work. If you are more daring, go ahead and create a Youtube channel.

And surely in all cases you will want to sell through your own store, so you will also have to install an e-commerce application on your blog with one of these plugins for your ecommerce.

If you are still not clear about what business to undertake from home, these are just some of the ideas you could undertake. Specializing in some sector is always good, because the market is very competitive and to stand out in some field will open many doors when it comes to starting your business.

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