Starting a brick-and-mortar business in 2021 requires a whopping cost, but home-based businesses offer a cost-effect substitute. If you are someone who is eager to try something out-of-the-box, it’s the right time to start a home-based business. You have everything ready, an idea, a plan, but you are just figuring out ways to find the right platform where you can kick start your business.
Your home-based business idea can be anything, but for sure, you will not opt for traditional business ways. This is the most advanced era of the human race where everything is quite accessible at a single tap. Executing a business idea is not that challenging nowadays because we have advanced technical tools.
Shopify is one of the leading platforms where you can run your home-based business efficiently. It’s not the only platform you can try for your online business. Besides Shopify, there are several other platforms. With their help; you can run your online home-based business. But none compares Shopify; it is the only of its own kind.
If you have a long-term vision for your home-based business, then Shopify gives you wings to fly high with the vision. It supports multiple languages, and you can sell your products or services globally.
More than 200 million people use Shopify because of it’s easy to use functionality. With Shopify, you can easily manage your store and the entire data without any technical knowledge and skills.
Before any execution, make sure that you have the proper tools to apply. Let’s see what a beginner should consider before launching a home-based business.
Things newbies have to consider before launching a home-based business
The perfect home-based business is the one you start because you are passionate about work and interested in the process involved. Starting a home-based business can create flexibility and in how you spend your time and make money. It is not a quick process to assure you financial success.
Before starting, you must know as to why you are starting. If you know the reason, it will motivate you throughout the process because it requires a long term commitment and a clear understanding of the work involved.
Secondly, always keep your audience in your mind. What you offer to your audience matters a lot. Ensure quality in your products and services.
And lastly, to create a home-based business with a strong foundation and earning potential, you need to invest time and figure out the right business idea for you and create a plan. And as we mentioned, if you are a newbie struggling for the best home-based business ideas, this writeup is beneficial.
We have compiled a holistic list of trending business ideas in 2021 with maximum earning potential. Keep in touch till the end to get the best out of it.
Top 7 home-based business opportunities in 2021
The covid-19 pandemic drastically impacted the home-based businesses, but after a halt, things are slowly getting back on track. Here are the top 7 home-based business ideas that are profitable to recover from the pandemic.
1. Start a bookstore
Whether you love books or love to sell books online, you can start a bookstore. It is one of the easiest home-based business ideas that you can choose, if you aspire to start your home business. Many of the starting steps can be cost-friendly or even free.
Starting a book store is not that much tricky with Shopify. You can list the number of books in your store which will earn you profit. Start by choosing a business for your online bookstore that will appeal to your buyers.
You can target a niche for your book store. There are lots of options such as you can sell used books, educational books, supplies, and children’s books. It will be helpful, and you can earn the most profit by targeting a particular niche.
This can be a question in your mind about how opening a bookstore is trending and a good idea for a home-based business. Did you know 675 million print books were sold in the US last year alone? And it is evident that starting a bookstore from home will be the best choice you make.
2. Handcrafted products
If you are good at making handcrafted products, you can turn this art into an online business. You can generate revenue from your handmade products. Even if you have created your products elsewhere—in a commercial kitchen, studio, workshop, you will be able to collect them and sell them in your own home.
Many people are interested in handcrafted products. You can apply your skills and creativity, and with control of nearly every part of the products you can sell and make them more budget-friendly. Products you can sell include handmade jewelry, candles, craft, art, food items, apparel, etc.
Today, thousands of Shopify merchants produce made-by-hand goods, selling them at craft shows, pop-up shops, and through their online stores worldwide.
If you do not find success in selling handicraft products, you can change the idea and retreat it. You don’t have to store from the business point of view. This home-based business idea starts to generate revenue when people find your products useful and eye-catching at the same time.
3. Offer freelance services
In this technological era, options are not limited, and if you are planning to start a home-based business, then selling your services online is not a bad idea. Writers, designers, cleaners, virtual assistance can start a business based on their talent. As a freelance writer, graphic designer, you can put your skills to good use by helping people worldwide in their projects.
You can choose any relevant platform to offer your freelance services, and if you have multiple talents, you can make use of Shopify. Listing all services in one platform gives you more authority to create more money than offering your services on many platforms like Upwork and Fivver. This home business idea indeed provides you with perks and advantages.
According to Statista 86.5 million people will be freelancing in the United States and will make up 50.9 percent of the total U.S. workforce. So this is crystal clear that giving online services is not going to vanish in the upcoming years.
4. Become a Social Media Specialist
If you are well aware of all social media platforms, this is a great home-based business opportunity. With thousands of companies hiring social media specialists, you can start your online social media consultancy. Global digital report in 2020 of Hootsuite, count to the middle of 2020, it is suggested that more than half of the world’s total population use social media. This is a wonderful land for you to offer your services online as the demand has grown tremendously in recent years.
Now that Shopify can be utilized for service-based businesses. So use Shopify and offer your services. However, do not forget to add images that grab the eyeballs immediately along with captivating product descriptions.
In the coming few years, social media platforms will emerge at a tremendous level, and the scope of the social media consultancy business will flourish further. Be one of the trailblazers.
5. Launch your own Podcast
If you want to share your experience, expertise and services to a broad audience, then launching your podcasts is not a bad idea, and Shopify is one of the best ways to do that. Whether you are a newbie or an existing merchant running an online store, it’s easy to embed playable podcasts and episodes to your store on Shopify.
According to podcast insights 2020, there are 85,0000 active podcasts and more than 30 million podcasts episodes. Podcast consumes more than 21.1 million listening hours, says MacRumors.
Starting a Podcast is one of the best home business ideas; you can pre-record a Podcast list based on your particular experience and niche and market and sell them easily on Shopify. According to the 2019 Edison Research Podcast Consumer Report, 51% of American aged more than 12 have listened to a podcast.
6. Open a dropshipping business
Dropshipping is one of the great home business opportunities. Market statistics state that with 11.8%, Shopify is among the top three most popular dropshipping platforms. Dropshipping is a fulfillment model that lets you buy products directly from the manufacturers or suppliers and sell them to your customers. As compared to other home-based or eCommerce business opportunities, Dropshipping has low initial costs.
You don’t have stress about carrying inventory. There is no space for tension about shipping products as your supplier will handle it all. Dropshipping is one of the home-based businesses where you don’t have to invest much money; the starting cost to start a dropshipping business is very low.
Since you don’t have to buy items on your own, this is an added advantage. You can sell different products such as skincare products, fashion, clothing, food items, wholesale- dropshipping opportunities are endless.
By 2022, e-retail revenues will grow to $6.54 trillion, up from $3.53 trillion in 2019, and this shows that this home-based business idea lands you with maximum earning potential.
Buy products in bulk to sell
The step to start a home-based business is to start bulk buying. Bulk buying and selling is the best way to earn profits from sales and get commission or discounts from the vendors. Apart from this, you will get the advantage of buying the stock according to your requirements.
When home-based business owners list products on their display at home, people are always excited to try them and eventually buy them. In order to buy and sell numbers of different products in bulk to consumers globally Amazon’s sales platform is supported by 2 million third-party sellers worldwide, which shows that starting a bulk product business will not reduce heat to low.
You can use Shopify to set a store where you can sell your products or services easily. When you buy products in bulk, you get the profit from both sides, and it reduces the cost.
All the above-mentioned home-based business ideas can help you earn a decent profit with the lowest initial cost. A home-based business is simply a remote-friendly business in today’s world, and with the help of technology, you can fill the gap between you, your suppliers, your employees, and your customers.
You are handy with these home-based business ideas, so now this is your turn to choose one according to your interest and suitability. Here you can use these 5 useful Shopify apps to grow your business. Shopify will play a tremendous role in giving the perfect shape to your online business.
Before starting any type of online business, think carefully about your goals, what motivates you, what you can offer, and how long you can go with the idea.