I talk to a lot of people who want to work from home or start their own home business and for some reason, many of them have this concept of the Internet as some alternate reality where the rules of business don’t apply. Where money is free and you don’t have to do anything but join the right program and the cash will just roll right in.
You build a website and you’re sitting on a beach making money without doing any work right?
Be prepared to put some effort into your home business if you expect to get anything out of it. The same business rules apply online as they would to an offline business. You will have to do some work. Money doesn’t grow on Internet trees. That being said, let’s move on to some of the ways you can start your own business from home.
How do I start my own home business?
There are several ways to choose from. Here are just a few.
- Join an Affiliate or Network Marketing Program
- Provide a Service to clients in an area where you have expertise
- Build an Online Store
- Build a Brokerage
- Start a Blog, Website or Community like a Forum or Social Network and attract enough people to start selling advertisements
- Become a Manufacturer, either your own Arts and Crafts you make or get a 3D printer and make your own products
- Start a Newsletter
I go into more detail on each of these if you follow the links above. Below is a summary of each one.
My favorite type of home business model is providing a service in an area where you have expertise
You can become a consultant. There are several “Expert” websites where people come to ask questions and an expert provides the answers in a variety of fields. You get paid for your answers or you get paid by the minute.
You can build a website or blog that sells the services you provide to clients. In this case, y0u will have to spread the word or find ways for people to find you in order to attract clients.
Becoming an Online Retailer or opening your own Online Shop
This isn’t as hard as it may sound. You can have your own online shop up and running in days and start spreading the word to attract customers. There are a lot of different ways to start an online store, thousands of products you can choose to sell and millions of people to sell to.
With Ebay, you can open a store in a matter of an hour or so. Same with Yahoo Stores. You can also choose from a number of other options. You can search for dropshippers online. A dropshipper already has products you can sell in your online store and they handle the shipping of the product to your customers. Some even handle the payment processing so all you have to do is attract customers. There are more ways to start your own online store from home which I discuss in a later post.
More about how to Build an Online Store
What does Build a Brokerage mean?
Online Brokers are those with a Website or Community that bring people together to do business. It can be an auction where you bring buyers and sellers together or it can be like the Expert Websites I mentioned above where you bring people with questions together with people who have answers. basically, you become a facilitator that helps people find other like-minded people who can help each other in one way or another.
More about how to Build a Brokerage
Can I really build a Website or Social Network or just write my own blog and sell advertisements?
With a static website, (one that just has pages) you really need some unique content to attract enough people to interest advertisers. Not many advertisers will buy an ad just because they like your website and your idea, but come up with something really unique and you can attract enough people to start selling ads.
A Community, whether it be a Forum or a Social Network, it’s easier to attract people because they can interact with each other. There is free software for installing a forum or social network so the startup costs are pretty low. The work comes with spreading the word and getting people to join.
Empower Network Viral Blogging System, means your personality and the unique information you provide is going to be the key to attracting enough readers to start selling ads. With this blog, I like to help people learn how to work from home. I enjoy sharing what I’ve learned. Hopefully you and others like you like this blog enough to keep coming back. of course, good, helpful information isn’t enough by itself. I have to work at spreading the word so people know they can find it here.
Become a Manufacturer? Really?
Really. Do you make your own arts and crafts? I have a friend who makes doll clothes. She does very well at bringing in additional income working from home. So if you can make something, you can sell it online.
Also, technology-wise, one of the biggest breakthroughs of this century so far is 3D Printing. It actually wasn’t invented in this century. It was invented in 1984. But recently it has become accessible to almost anyone. You create a 3D template of what you want to “manufacturer”, the printer will actually print the object using the materials you specify. There are limits, but there are so many things you can make the biggest limit is your own imagination.
Prediction: There will soon become a day when you can order a product online, download a digital file from the online store where you made your purchase, and “print” out what you just bought instead of having it shipped to you.
More about selling Arts and Crafts from home.
More about how to get a 3D printer and make your own products
Starting a Newsletter or Ezine
Starting a Newsletter doesn’t require you to have a Website or a Blog. However, a Blog that also sends out a Newsletter to it’s readers is very effective. Again, to get people to subscribe to your newsletter, you need to find something unique and interesting to send to them. They have so many choices and get so much email, you have to find a way to get their attention or it’s just another piece of email they won’t read. But send them what they want and readers can be fiercely loyal. Teach them something, make them laugh or provide them with information they can use and they will trust you and you will sell ads.
More about how to Start a Newsletter
Affiliate and Network Marketing
I saved this for last because it’s probably the easiest way to start an online business.
With Affiliate Marketing you promote someone else’s product or website. You don’t really have to sell. That’s the Affiliate’s job. Your job is to send people to their website who have an interest in what they have for sale.
Network Marketing is very similar in that you find ways to get people to visit a Website that is designed to close the sale for you. It also involves recruiting others to join the same program you joined. Most cost money to join. Do you homework to make sure you are joining a successful program.