HR Professional and Career-columnist Giles O’Halloran talks us through opportunities for setting up business from your own home.
Setting up your own home based business is something you can do quite easily. Armed with a laptop or PC, an internet connection, a phone and the willingness to invest time and effort, you can create something that can become a realistic business proposition. Here are just a few suggestions.
If you have a product that you can source and sell with a decent margin , you could set up an online stall. There are a number of sites out there, so do your research and use the sites where you can maximise your coverage. However, you need to ensure you can create the turnover of goods to create a profit and make a living. It is not an easy option, as you will need to take into account the despatch, storage and costs of what you do. However, many have used the garden shed, the garage and the spare room as a starting point. Look at Amazon!
Online Research Services
The Internet offers us access to a great deal of information, but we rarely have the time to appreciate it. This is especially the case for smaller companies or those with limited budgets. The Internet research company is therefore a potential business option. You could be engaged on an hourly rate to search the internet on specific topics, perhaps conducting market research, and all from the comfort of your home and the hours your choose.
If you have a specialist skill or knowledge that you can teach through tools like Skype, then why not consider setting up a coaching or tutoring business. You could charge individuals for a one to one coaching, or perhaps charge for groups and load any webinar products online for others to download for a charge. There are lots of ways to do this and again, all from home and in hours that suit you and your clients.
Content Writing Services
If you have proven writing or media skills, why not look at writing content for other businesses. You could be a copywriter, a blogger, a translator or write articles for specialist media. Perhaps you could combine all three and spread the risk of your business. Once again, despite there being obvious deadlines, much of the work could be done to suit your personal circumstances.
Social Media Management
If you are social media savvy, seriously consider this as an option. A lot of companies do not have the time or the ability to manage their online profile. You could do this on their behalf, engage with customers and build followership for the small companies you might advise. It is a flexible option, easily done from home and could also be fun.
Although this list is not exhaustive, I hope it helps you start thinking about an opportunity that is right for you and suits your individual needs or circumstances.
This piece is an edited version of an article originally published in Pathfinder Magazine.
Giles also writes a blog for Project Me Consulting.