A number of midlife and baby boomer women want to earn income either because of necessity or a personal choice. The thought of long commute, working for someone else, or simply avoiding annoying coworkers, makes a homebased business a good alternative for earning income.
Home businesses can be started with relatively small investment while maintaining control over your business. Fifty-two percent of small businesses are homebased.
Here are five homebased businesses (with short descriptions) that you might be interested in pursuing.
- Craft Business – Turn your hobby or your creative talent into a business by selling handmade jewelry, purses, unique decorations – or any handcrafted product. You can sell your crafts on your own website or sites like Etsy or at craft fairs and local events. Some items sell faster than others. You will need to research what are popular or best sellers on the sites that you are planning to sell your craft.
- Online Affiliate Programs – This does not require you to interact directly with customers or find space in your home to store the products. All you need is a functional website to feature the products that you chose. You can find products that you are interested in marketing through affiliate marketing services companies such as ShareASale, Clickbank, Commission Junctions, and Amazon Associates. Your income will depend on the number and cost of the product bought by your customers.
- Publishing E-Books – This is an excellent way to share your knowledge or expertise with a broad market. The Internet has allowed individuals to self-publish and sell e-books on any number of topics. You do need a good grasp of sentence and paragraph construction, grammar, spelling, and punctuations.
- Online Tutor – If you have expertise in one or more subject areas to assist students with a broad range of grade levels, online tutors might be for you. You may work with students from kindergarten to college levels. You can also tutor for SAT, PSAT, ACT tests preparations. There are employers or franchises for tutors, tutor.com, and tutor doctor opportunity, respectively.
- Virtual Assistant – Businesses are opting to outsource vital services instead of hiring full-time assistants, and many are using virtual ones. As a virtual assistant, you will be asked to perform office support duties, such as data entry, bookkeeping, word processing and research from your home. Depending on your experience level, you may consider taking a virtual assistant training course, like one from VAClassroom. Find out more and connect with the virtual assistant community through the International Virtual Assistants Association
Do you need help in starting your own online business? Schedule a free 15-minute call with me to get your ideas started. No pitching, I promise!!