As many enterprising individuals are finding out, there are some home-based business advantages that can provide you not only with extra cash but a whole lot more. Developing a business that you are able to run from home may lead to physical and economic freedom if you focus on business ideas and marketing strategies that work. In this article, we take a quick look at some lucrative options and then discuss ways to make them viable in a competitive market. If you’ve ever wanted to be your own boss and make money doing something you enjoy, there’s no time like the New Year to get started.
What are some home-based businesses that may work for me?
Create your own YouTube channel
YouTube can be a great home business opportunity, especially if you’re an individual who likes to be in front of the camera and has a lot to say. Vloggers from all walks of life have found that consumers are willing to channels that feature the knowledge and skills and opinions they want to know more about. YouTube channels can include those that shows homeowners how to complete DIY projects to channels about fashion and beauty to valuable parenting advice and hacks that can make time with your toddler or tween easier.
Some of the most popular YouTubers do stunts, stand-up comedy, and feature drag shows and make millions doing what they love! As the second largest search engine available, YouTube can convert to cash for you as well if you are able to capitalize on its popularity by hitting upon something people want and getting the word out about what you’re offering.
Start your own dropshipping business
For those who don’t want to be in front of the camera, dropshipping can mean a sustainable income for those who have a niche idea. With few startup costs involved, you don’t have to worry about monetary investment at the start. You can open a business quickly with just some time and effort. Manage your expectations of income in the first year or so, but remember that the potential is unlimited.
Some of the most successful dropshippers understand that the key is providing excellent products, building a loyal consumer base, and having a marketing strategy that helps move your business from a few hundred to thousands of dollars per month. Choose from among the trending products available, select dropshipping wholesalers, and set up your ecommerce website to get started.
If you’re a great conversationalist and can speak well about particular topics, but don’t want to be in front of a camera, podcasting might be right for you. In recent years, podcasts have risen in popularity as a way to get news, be entertained, and get information and insights quickly and easily. Like a YouTube channel, podcasts present in a series around a topic or idea, similar to a television show. Each podcast is a digital audio file you make available on the internet for your subscribers to download to a computer or mobile device.
Each new installment can be received by your subscribers automatically and result in money for you through sponsorship, advertisements, memberships, the selling of products or services, and even turning your podcasts into books or audiobooks available for purchase. Even Dr. Phil has expanded his reach by delving into the world of podcasts with his interview-based podcasts called, “Phil in the Blanks.”
How do I start marketing my ideas?
Coming up with the right idea for you is the first step, and getting the word out is the second. While it’s not always easy to let others know what you’re doing, there are a few things you should keep in mind, regardless of what kind of business you decide to start.
Use social media channels to post frequently
Blogs, a new dropshipping company, how-to videos on your YouTube channel, and new podcast installments are most easily and effectively pushed forward on your social media. Letting people know what you’re doing starts close to home, with friends and family who are interested in what you have to say. If your content is meaningful and relevant, people will stick around to read it and will tell others about it. Invest real time and effort into churning out your best content and then share it on your social media platforms so that you can improve engagement with your followers, both professional and personal visitors alike.
Use images as a natural draw
Social media posts without images are less likely to reach large audiences than those with images. Visual images draw people’s attention. Memes, photographs, and short video clips require less cognitive energy from the reader. They promote engagement and encourage user comments. Choose images that are relevant to the text and other written content on your social media post and then use them to increase your following and direct them to your YouTube or Podcast channel or your dropshipping ecommerce website.
How will you market your new home-based business? Share your ideas here.