5 Home Business Ideas: How To Work From Home Today!

5 Home Business Ideas: How To Work From Home Today!

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Learn how to work from home in 2020. This beginner’s guide will explain 5 low investment home business ideas that you can make money online with today.

Due to the impact of Coronavirus it’s no wonder why many people are searching for work from home jobs. Luckily, E-commerce platforms like Shopify allow businesses to reach customers located around the world with products or services from the comfort of their own home office.

Starting an online business can be scary, especially if you don’t know where to begin. With a little bit of knowledge on the most popular home based business models, you’ll have a great starting point to sell online, reach target customers, and gain the flexibility to decide how and where you work.

In this video, we’re going to take you through the 5 online business ideas defining what each one is and who they are for. We will explain the dropshipping, print on demand, homemade product, monetizable audience, and service based business models clearly so you can become inspired to start your own e-commerce business from home. As a bonus we will introduce you to a dropshipping expert from Oberlo to give you insider tips that will help optimize your results.

— LINKS —

Related YouTube Videos:
► How to Start a Drop Shipping Business : https://youtu.be/n2cGiSamRjY
► Small Business Ideas: How to Start an Online T-Shirt Business: https://youtu.be/Z0yhS_sJkMk
► 20 Online Business Ideas for the Coronavirus Economy: https://youtu.be/DfTg4lN4XEw

Resources on Shopify:
► Learn more about starting a dropshipping business: https://bit.ly/2SKVNTg
► 13 Ways to Start a Work-From-Home Business: https://bit.ly/2LbxGso
► 10 Low-Investment Business Ideas You Can Start Online: https://bit.ly/2ysQvov
► Need help? We offer 24/7 support through: https://bit.ly/2WbSHcL

— TIMESTAMPS —

00:00:18 Dropshipping
00:02:58 Print on Demand
00:04:22 Making a Product
00:05:38 Service Based Businesses
00:07:31 Build an Audience You Can Monetize

— FREE TRIAL —

Build your home based business using a 90 day FREE trial of Shopify , one platform with all the ecommerce features you need to start, run, and grow your business.
https://bit.ly/2WEXh2r

#HomeBusiness #WorkFromHome #HowToMakeMoneyOnline #Learn@Home #StayHome #WithMe
Hi, I’m Seb.
I currently run several online
businesses, which I started
by learning from online
resources and YouTube tutorials.
Kind of like this one.
Today I’m going to talk to
you about five different
online business ideas that
you can start from home.
Let’s first dive into dropshipping.
Dropshipping is an appealing
business model to start
with because it’s relatively
accessible to anyone.
Now, I’m sure you’ve seen all
of the ads and videos about how
you can make millions of dollars
selling a spatula or something
else, and I’m not going to
talk to you about any of that.
The only thing that I want to
talk about is the concept of
dropshipping and who better to
tell you about dropshipping than
Jessica from the Oberlo team.
Here’s what she had to share.
I’m Jessica, and actually a lot
of people know me as the Oberlo
lady because for the past couple
of years I have been on Oberlos
YouTube channel talking about
dropshipping and interviewing
successful dropshippers, and
I myself am a dropshipper.
So if you’re new to dropshipping,
dropshipping is a business model.
And it’s a model where you,
the entrepreneur you don’t
pay for or carry inventory.
Instead you find products and
you import them virtually to your
online Shopify store so that your
Shopify store shows the product
information, photos and price.
And you the entrepreneur, do the
work of marketing that product.
And when a customer finds it and
clicks buy, you go to the supplier,
you order the product from them,
and the supplier ships that
product directly to your customer.
So you actually never see
the inventory, but the
customer gets the product
they ordered from your site.
Now, if this seems too good
to be true, it really isn’t.
The wholesaler may supply
the product to your customer,
but you’re still responsible
for creating the positioning,
branding, online storefront,
marketing and customer service.
A lot of new dropshippers
want to know how they can
find winning products.
My advice is to think really deeply
on what your customer’s problems
are and then look for products that
creatively solve those problems.
Another thing to keep in mind
is you want to sell products
that are fairly inexpensive
because you’re selling these
products to customers who are
going to buy them on impulse.
Customers go to Amazon or other
big box stores to find products
that they already know they
need, but when customers are
scrolling through Facebook,
they’re not in shopping mode.
That’s when they see the
drop shippers ad and they
go “oh my gosh, I didn’t
even know this existed.
This pet hair vacuum is perfect.
I want to get it”.
They’re not going to look
for that anywhere else cause
they’ve never seen it before.
Dropshipping is worth considering
if you’ve got very little space
to operate in or if you’re
starting with a tight budget.
For those of us that are still
trying to figure out their
business, dropshipping can
also quickly help you test and
validate different business
ideas with very limited downside.
This then frees you up to
learn more about choosing and
marketing in demand products.
To learn more about starting a
successful dropshipping business
in 2020 check out our free webinar
link down in the description below.
Now, for all of my passionate
designer friends out there who
want to do dropshipping but also
want to creatively flex print
on demand could be for you.
Print on demand is another
dropshipping service that
puts inventory, shipping
and fulfillment in the hands
of a third party supplier.
But unlike dropshipping, the
focus here is on customizing these
products with your own designs
to create something original.
These days, you can print
it on almost anything.
Tee-shirts, hats, phone
cases, hoodies, skirts,
tote bags, and more.
This method can also work
for those of us who are not
blessed with design skills.
All you need is a good idea and you
can find a designer to work with
using freelance sites like Fiverr,
Upwork, Dribble, or 99designs.
Like with anything, there are
many considerations to keep in
mind when weighing whether or
not this model will work for you.
With many print on demand services,
you’re paying per product, so
the base price per unit will
likely be more expensive than if
you were to order these in bulk.
The upside to this is if
certain t-shirt designs don’t
sell, you haven’t actually
paid for those items yet.
Now, even though shipping and
fulfillment is out of your hands,
shipping costs can get quite
complicated as it often varies
for different products, you’ll
really have to weigh base costs,
customization options, printing
technique, and available
sizes, as those will all
depend on the vendor you’re
choosing to move forward with.
To find inspiration for your next
print on demand store, follow the
link in the description down below.
Homemade Products.
If you make your own
products, know someone who
does or have aspirations to,
you can also consider turning
your hobby into a business.
I learned how to sew for mine.
With the ability to control
nearly every aspect of the
product you sell, you can make
them more cost effective, improve
their quality, or customize
them for a specific audience.
Some examples of products
that you could consider making
from home include candles,
jewelry, art, or even apparel.
Food and cosmetics could also
be made from home, but please be
aware of regulations concerning
products that someone might
ingest light or put on their skin.
Each country has their own
rules and regulations about
creating and selling products,
so do your homework before you
start producing and selling.
Okay.
So I just wanted to give you
all quickly a rundown of the
setup that we have at home when
we’re running our business.
And so we decided that we would
need to be really, really organized
with, um, our products just so
that we can make sure that when we
get home and we need to ship any
orders, we can just get them into
a package and send them right off.
Um, it’s super important when
you’re running a home based
business that whatever you’re
doing with your business doesn’t
feel like added work so that
you’re not constantly burning
yourself out when you get home.
There is nothing more empowering
than being able to sell a
service or your own expertise.
This business model is essentially
crafted around who you are and what
you know, creative professionals
like designers or marketers
might freelance or consult
with other companies, juggling
multiple clients often remotely.
Others might operate based
on appointments and bookings
to offer their service
to individuals directly.
Services are even simpler
than products to start selling
from home, but the challenge
here is going to be how
you’re allocating your time.
Time is money has never been
truer than when you’re running
your service based business.
An important thing to look out
for with service based businesses
is that they often require a
lot of networking and word of
mouth to find suitable clients.
You’ll need to develop a solid
marketing strategy to help
get your name out there when
you’re first getting started.
Additionally, you need to
be incredibly attentive to
customer service initiatives
and best practices to ensure
that you foster loyal customers
who will return time and
time again for your business.
If you’re able to build a small,
loyal group of people, you
don’t necessarily need to have
a lot of customers to do well
because depending on the service
you’re offering, a handful of
high quality clients can be
enough to support yourself full
time while working from home.
As I mentioned earlier, one of
the biggest downsides of running
a service based business is that
you’re being paid strictly for
your skills, time, and effort.
Now to help alleviate some of
these potential time issues, you
can also productize their service.
This means that you create
physical or digital products that
package up with your expertise
and streamline or compliment
the service that you offer.
Some ideas for adding product
to your service based business
include courses, designs, digital
assets, downloadable reports,
digital templates, merchandise or
eBooks, which as an added bonus
for this business type means
that there will be no physical
products to trip over at home.
In today’s connected world,
the ability to build an
audience by capturing and
keeping them is an asset.
And access to that audience
is something that businesses
are willing to pay for.
Whether you choose to grow your
following on YouTube, Instagram,
or a blog, you have many different
ways to monetize your audience.
You can do sponsored posts on
behalf of brands, you can become
an affiliate, you can sell
physical or digital products, or
you can create a Patreon page.
One thing I do want to highlight
is that taking an audience
first approach to starting
a business means that you’re
definitely playing the long game.
So it might actually be months
before you figure all of this out.
There you have it.
If this video has inspired you
to start a business today, let
us know what idea you are going
with in the comments below.
I’m like dreading saying
service based business again.

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