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10 Home-Based Business Ideas You Can Start Today!

Most of you must be thinking that this pandemic is the worst time to start your business, but we feel during these times when jobs are unsettled, it’s the correct time to turn your entrepreneurial dreams into reality using our home-based business ideas.

Yes, you guessed it right! STARTING YOUR OWN BUSINESS. Most of the big brands you know today began during the recession. So, when we say goodbye to this pandemic let’s make sure WE BECOME OUR BOSS!

Yes, it’s not so safe to go outside during this pandemic and yes, it’s hard to finance a business that is why we are here to share some phenomenal home-based business ideas which require low investment and could be started with the comfort of your home.

So here is a list of top 10 home-based business ideas you can start today-

1. Selling Handmade Products:

At some point in our lives, we all have been passionate about making different things by ourselves at home. This is the best time to use your talent and turn that into a profitable business. There are many things which you could make at home, for example.

Designing clothes

Making candles

Chemical-free cosmetics

Making jewelry items

Cooking

Making Soaps

Art, paintings

If any of these has ever been your hobby, you can upgrade your skills and do a low investment business out of it.

2. Build An Audience That Could Be Monetized:

Currently, when everything is digital and half of the world is sitting in front of their laptops, phones, and tabs, you can create a wide range of audiences from around the globe.

There is a wide range of platforms you can use to do this like Instagram, YouTube, Facebook, podcasts, etc. These social media are a great place to start your journey of becoming a content creator. Having a good number of audiences on these social media can help you become an influencer, and you can make your merchandise, brand, and products that you could sell.

3. T-shirt Printing:

With an investment as low as Rs. 35000-40000 you can start your T-shirt printing business at home. There are two markets to which you can cater.

Customized T-shirt Printing-

Creating Your Own Designs-

If any customer wants a selected design to be printed on his t-shirt, you’ll charge extra money for this quickly.

In this, you can print some of your own designs and then sell it to Wholesalers, Distributors, or even sell it online on your own website or an online store.

4. Be a Virtual Assistant:

A virtual assistant may be a business owner who supports other entrepreneurs or small business owners by providing administrative, creative, and technical services.

As outsourcing becomes a typical process for these business owners everywhere, more and more entrepreneurs are going to be looking to virtual assistants for help in advancing their businesses. Suppose you are interested in collaborating with other small business owners, you can think on your feet and luxuriate in taking control of and improving scattered processes, a virtual assistant could be the right business idea for you.

5. Freelancer:

A decent method to begin is by writing on subjects in which you are now a specialist—the Writer’s Market records rules for a large number of publishers.

Freelancing writing gives you many benefits like work from home, flexible schedules, a wide variety of subjects to cover, and low overhead.

6. Gifting:

Gift baskets are trendy and much needed in company parties, festival season, baby showers, and birthdays, gift baskets are tailored to suit the style of anyone. For this business, you will need the ability to shop for different types of gifts and tuck them into baskets, decorative tins, boxes, or baggage. Blooming packaging is a vital part of the gift basket business. You will need to be creative and different to stand out from others.

You can market your gift baskets by taking photos of them. Prepare a chart listing the contents of every basket and it’s worth it. You can sell your baskets online, to company offices, through the order, and in retailers.

Pro Tip: Making it customizable is always a brownie point.

7. Delivery Service:

Delivery service is one of the fastest-growing markets in India due to a massive increase in e-commerce. People now prefer doorstep delivery of every product like groceries, clothes, medicine, food, etc. You can do this business without needing any qualification or experience (but do your research correctly before starting it) The startup cost of this business can be low by using an independent contractor.

Pro Tip: Get in touch with local stores and grocery stores for the start and then go ahead with contacting online businesses who may require your service.

8. Online Fitness Instructor:

The demand for online fitness instructors has increased during a pandemic because the physical activity has reduced drastically, and it’s not even safe to use the gym. So, if you have proper knowledge and qualification, you can start your online coaching.

You have a wide variety of options when it comes to becoming a teacher online; for instance, you can also teach yoga, dance, meditation, and provide education.

9. Trading domain names:

With the increase in the number of startups and small businesses, building an online presence is a must hence demand of purchasing domain names has also increased.

Like any other product, you can also purchase unique and most commonly preferred names and sell them at a higher cost as the demand comes in.

Some of the websites on wish you can buy and sell domains are Flippa, Sedo, GoDaddy, etc.

10. Dropshipping business:

Dropshipping is a cost-effective way to get into e-commerce. This is an excellent idea if you don’t want to get between the mess of stocking up inventory and delivering them. This business is a low-risk plan for people who are just starting. Ecommerce sales in India have been growing at the rate of 51% every year hence making it an excellent opportunity for entrepreneurs.

If you are still reading this, then here we would suggest you go and find out some of your local wholesalers who you could depend on for product quality and outstanding delivery service.

Conclusion

So, we hope you got some fantastic home-based business ideas about the business you could start. We are sure you must have shortlisted a few of the ideas too, so what are you waiting for?

Turn your dreams into reality! Make sure you remember we are always here to help you so contact our experts today to help you with your idea.

Need help in choosing a perfect company name?

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You can’t have a business without a business name! But the process of choosing the perfect business name is not easy. Customers associate a business name with the value it provides to them. Let us help you choose an amazing name for your business!

How To Choose A Name For A Business?

Giving your own or another person’s name

Descriptive Name: Giving a name that says what the business does.

Acronymic Names: It means branding the business by the initials.

Suggestive Names: There are descriptive names that just say what a business does, and these are names that are unique but do not say anything about the company.

Associative Names: An associative brand name speaks to the feelings, traits, and imagery a brand wants to be associated with.

Names In Another Language: We can take inspiration from other cultures and languages for our brand names. Words adapted from other languages tend to be unique names within the English/Hindi speaking business world.

Abstract Brand Names: These are new words, made-up words, or unheard words.

5 Tips For Deciding Business Name-

Here are some things to keep in mind while brainstorming.

Repetitive names are more memorable. (eg. Jelly Belly, Coca Cola)

Shorter names are easy to remember. (eg. Ikea, Tata)

Check the availability as a domain and social media accounts.

Study audience and target market for your products. (A construction company should not have the name Baby Blue)

Keep 3-4 options of the name ready in case any get rejected.

Pro tip: Use StartupGoWhere’s Name Check tool to make sure your dream business name isn’t already taken.

8 Mistakes To Avoid While Naming Your Business-

According to the MCA guidelines, a business name has a higher chance of rejection if your name features any of these mistakes :

The name is falsely indicative of the business activities.

The name is a close resemblance  to that of existing companies (eg. McRonalds)

The name contains words like National, Indian, Hindustan, Government, Central, Union, or Ministry in it.

The name indicates patronage or partnership of National Leaders.

The name is offensive in any language.

The names are abbreviations. (eg. SDR, PMT)

The name contains full stops or commas.

Still, confused about how to pick a company name?

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We offer advisory services to small business from industrial experts. We specialize in company incorporation and creating simple, affordable and effective solutions that help your business take off! Contact us now!

Startup Go Where is a corporate solutions provider in India that as one goal: To empower and help startups obtain their success and help young entrepreneurs turn their dreams into reality.