Are you trying to find a career that you can make money from while sitting at home?
If yes, then you’re at the right place.
I myself started a work-from-home business as a beginner and now I make thousands of dollars from it. (More on that later)
And you can do it too.
I have compiled a list of the best home business ideas that you can start with very less investment.
Therefore, if you’re a student, a stay-at-home mom, or someone who wants to quit their 9 to 5 work, this may help you earn a six-figure income online.
I will tell you expert tips on how to get started, the exact startup costs needed, and how much you can earn from it.
Let’s get started with it.
Table of Contents
1. Become a Freelancer
Freelancing is one of the best ways to make money online, and it has changed significantly in recent years.
If you are a specialist in a certain skill, you may easily sell it to someone who requires it.
But how did you find those people in need?
Don’t worry, the Internet has numerous platforms that link buyers and sellers.
Some of the websites where you can provide your services to others are Fiverr, Freelancer, Upwork, and Peopleperhour.
- How To Get Started: Find a niche that is a better match for you based on your skills. For example, I enjoy writing about digital marketing topics, my niche is content writing. Now I’ll go to freelance platforms, create a content writing gig, and begin offering services to others.
- Set-up Costs: All you need is a computer and an internet connection to get started and not any investment at all. You can build your portfolio on free Google Sites, Wix, or with a custom domain and good web hosting.
- Earning Potential: An average freelancer could earn as little as $10 per hour and as high as $400. It entirely depends on your skill level. The higher your skill level, the higher your pay.
2. Start a Blog
If you want to earn passive income or even make it a full-time career, blogging is a fantastic business to start.
Because all you require is a PC and web hosting and a domain name that you can get in for under only $40.
As I previously said that I make thousands of dollars per month working from home and all I do is Blogging.
I started my blog from scratch with zero money and zero traffic, but with consistent hustle and hard work, it proved a money machine to me.
Check out this best guide by Discoverthetech on how to start a blog to make thousands of dollars per month in under only 15 minutes.
- How To Get Started: To get started with blogging, you’ll need three things. A domain, hosting, and a WordPress theme. After that, select a profitable niche, research keywords, begin writing outstanding content on it, and employ a variety of strategies and tactics to increase your blog viewership.
- Set-up Costs: All you require is a computer, a reliable internet connection, a domain, hosting, and a theme for your blog.
- Earning Potential: It completely relies on your traffic and how you monetize it; you can monetize your blog by using Google AdSense, marketing affiliate products, and so on. A typical blogger earns between $500-$2000 per month with top bloggers even earning more than $50,000+ per month.
3. Stock Market (Investing and Trading)
If you have some money to invest, the stock market has the potential to double it.
Did you realize that over 58% of individuals in the U.S. invest in stock markets?
All you must do is to open a Demat account and begin investing in companies based on company statistics, stock expert recommendations, profitability, and so on.
However, investing could only be done if you are already earning from a job and is more like a passive income opportunity.
If you are looking for a full-time income from the stock market, you can also indulge in trading.
The risk is relatively high and I recommend you take up an online course for trading knowledge before you start it.
- How To Get Started: Sign up for an investing platform to start with stock marketing.
- Set-up Costs: You need a smartphone/computer, a stable internet connection, and some money to invest, you can start with as less as 200$.
- Earning Potential: Stock investing is more like a long-term business and there’s no perfect average that you can earn as it depends on the money you actually invest. However, as per data, more than 90% of traders lose money as it’s a risky business that requires a lot of learning and discipline.
4. Become an Online Tutor
If you are an expert in a specific area or niche, you can become an online tutor.
If you want to be successful, you need to be an expert in a specific field, such as programming, speaking languages, school teaching, digital marketing lessons, and so on.
Choose a subject in which you are an expert and begin selling it on course platforms like Udemy or Cambly.
- How To Get Started: To offer your service, you don’t need a certificate. All you need is a significant understanding of the subject you’ve selected and the skills to teach online.
- Set-up Costs: You will need a solid internet connection and a quality camera and mic to record your videos to teach people.
- Earning Potential: An average online tutor could earn as low as $10/hour. While some top online tutors have even made a million dollars fortune from it.
5. Start a YouTube Channel
If you’re good at creating engaging videos, YouTube can provide you with a good source of income online.
YouTube has over 2.29 billion users per month and it is the second-largest search engine after google.
Many YouTubers are even earning a full-time income from it, with top YouTubers even earning millions from it.
For example, you can start a channel on trending niches like gaming, especially Roblox, and tech niche as these have a lot of potentials.
What you need to do is to start a channel, make helpful videos, get traffic to them, and make money from YouTube Ads, affiliate marketing, and sponsorships.
You can also get your YouTube earnings to the next level by selling premium courses and books in your niche.
- How To Get Started: Find a profitable niche with good traffic on YouTube and start making videos on that topic. Use various video types, strategies, and approaches. Build an audience for your channel with YouTube SEO and social media and start making money with video ads.
- Set-up Costs: To create engaging videos, you will need a stable internet connection, a computer, a professional camera, and editing software like adobe. If you’re not good at video editing, you will need a professional video editor.
- Earning Potential: According to statistics, average YouTube video ads could earn you $3-$5 per 1000 views. So, if you can get around a million views per month, you could end up earning about $5000/month on average only with video ads.
6. Provide Translation Services
The Internet has made the world a global village.
People can connect from different countries and make business deals.
But there arises a big problem i.e., the difference in language.
And that is where the need for translation services arises.
If you are an expert in speaking more than one language, you can provide translation services in business meetings, conferences, YouTube video translation, and more.
- How To Get Started: All you need to do is list your service on several freelancing platforms such as Fiverr, PeoplePerHour, and Upstox. You can also provide transcribing, document translation, and subtitle generation services.
- Set-up Costs: A stable internet connection and a computer/mobile device.
- Earning Potential: An average translation service provider could earn an average of $10-$15 per hour as full-time work.
7. Social Media Manager
Social media is becoming more popular day by day and we are spending a lot of time scrolling through it.
That’s the reason that more and more businesses are getting active on social media platforms.
So, all businesses require social media managers for their social platform’s content creation, management, and posting.
You can learn and get expertise over specific social platforms and provide your services by creating a portfolio website or putting gigs on sites like Upwork or Freelancer.
If you want to be super successful, I recommend you start a social media account on your own and make it successful.
This way, you can show your clients proof of social expertise.
- How To Get Started: It would be preferable if you had prior experience or a certification, but if you don’t, you may still begin by acquiring some knowledge and improving your social media skills. After that, create an internet portfolio, acquire testimonials, and gain clients.
- Set-up Costs: You will need a computer, a stable internet connection, and some knowledge of social media.
- Earning Potential: The annual salary of a social media manager ranges between $40,000 and could go up to significantly high amounts.
8. Start Dropshipping Business
Dropshipping is a good business concept in which you sell online on your site and earn lucrative commissions.
But the best benefit is that you don’t need to keep any product stock or maintain a warehouse at all.
You just must get orders from customers and the order list will go to the vendor itself and you don’t need to take care of warehousing, shipping, and delivery.
All you need is to earn your lucrative commissions and get orders.
- How To Get Started: You must look for a suitable product that meets all of the audience’s needs, set up an e-commerce store using Shopify, and start getting traffic from blogs, social media, or paid ads.
- Set-up Costs: A PC, an internet connection, and an eCommerce management platform like Shopify or independent eCommerce hosting.
- Earning Potential: An average drop shipper makes between 20% and 30% in commissions on each sale.
9. Sell Your Photography
If you know how to click awesome eye-catching photos that attract people, you can easily sell them on eCommerce platforms like Shutterstock or Alamy.
Along with that, you can also work with influencers and business owners who need photo shoots.
More than that, with the addition of video making to your portfolio, you can double down your income potential by opening doors for professional video makers for YouTubers with hefty money-making potential.
- How To Get Started: Just get a good camera, choose a profitable photography niche, take some photos, and upload them on photo platforms and you can create a portfolio site for photography services.
- Set-up Costs: It might be costly because you may need a good professional camera or you can also start with your mobile phone as a beginner. Also, you need some editing skills to give a touch to your photo, editing software.
- Earning Potential: The earnings depend on your skill levels. On average, you can earn around $35,100 per year or $16.88 per hour.
10. Become A Customer Support Representative
You may have noticed that most businesses provide 24/7/365 support to their customers.
And this requires companies to hire customer service agents to assist the users.
You can be one of them if you have good communication skills, listening skills, and yes, a lot of patience.
Do you recall being annoying and speaking not so well with customer service agents?
But, they always speak sweetly.
And this requires a lot of patience.
- How To Get Started: Learn good communication skills and start finding remote work-from-home call center and customer service jobs on LinkedIn, Upwork, indeed, and company sites like Amazon or Apple.
- Set-up Costs: You only need is a good internet connection, a PC, definitely a quiet place, and a quality mic.
- Earning Potential: An average customer service representative can earn around $16 per hour when working full-time.
11. Data Entry Jobs
If you have a fast-typing speed and a high level of concentration and accuracy and can fill out sheets, forms, documents, and so on.
Working out a few hours every day on data entry can provide you with a passive income.
However, make certain that you verify the job because most scammers prey on people through data entry jobs because it is a simple task that anyone can perform and promise huge money pays.
But, in the end, innocent people end up paying them some agreement entering fees or same like that.
- How To Get Started: You can get a typing speed certification for your resume and find data entry jobs on Fiverr, Upwork, or Indeed.
- Set-up Costs: You only need a computer/laptop and an internet connection.
- Earning Potential: A typical data entry operator in the U.S. earns around $10-$15 per hour.
Conclusion
So, these are the best practical ways to make money from home without any need for huge investments.
Most of the jobs above are flexible in nature and you could practice them on a passive as well as full-time basis.
Anyway, all these home business ideas could help you get financial freedom in life.
So, what you are thinking of?
Don’t overthink! Just start the process and you’ll get to learn a lot in the process.
Unlike others, I will not sugarcoat it by lying to you that the process is the best thing and you can get over it easily.
I know that while in days of struggle, sometimes you will feel like being frustrated by work, not getting to go to parties and outings and it’ll also make you cry over no results.
But, believe me.
One day, you would be proud of all those late nights and not leaving your hustle.
In the meantime, good luck with your home business!
