More and more people are starting their own online businesses from the comfort of home. This trending way to generate a passive income is helping people pad savings accounts, as well as an outlet for potentially ditching the traditional 9-to-5 grind.
There are around 38 million home businesses in America with about 44 percent of them launched for under $5,000. There are a variety of online businesses you can start from home with much less startup capital.
If you have been thinking about starting an online business, the timing couldn’t be perfect. The low startup cost combined with today’s tech has made it easy to do. There are also different types of websites you can leverage for your online home business.
But what online business should you start? Here are three of the most popular and easiest to churn a passive profit from.
1. Start an Ecommerce Site from Home
There is a lot of money up for grabs in the ecommerce industry. In fact ecommerce sales are expected to reach $4.5 trillion globally in three short years, according to Shopify. This makes starting an ecommerce site from home a potentially lucrative entrepreneurial endeavor.
However, no one wants tons of products in their garage waiting to sell. You need to track the products, store them, package them, and then ship. That may be a bit too much work when just starting an ecommerce website. Plus the space you have to store products at home may limit what you can sell.
To combat this issue, you can start an ecommerce site with drop shipping. Drop shipping is when you work with a manufacturer that will ship your orders from their warehouse to your customers. You never even touch the product, only list it and sell it.
To get started you’ll need to set up an ecommerce website and find a drop shipping partner. Online drop shipping platforms like Oberlo may be a good place to begin your research.
2. Start a Blog Site
You may not think starting a blog site from home is much like an online business, but it most certainly is. In fact, the time it takes to consistently pump out quality content for your blog is a very demanding part of keeping your business going. But starting a blog site can be a great online business that generates plenty of passive income.
The best part about starting a blog site is that it is very affordable. You can launch your blog in a day, if you have content already developed, all for as little as $200. You’ll need to do a bit of brainstorming though.
Many people start a blog, but not many people are successful at growing and making their blog site successful. What separates them? It is all about planning. You’ll need to really dive into the audience you want to connect with and create a content development plan that will attract that audience.
You’ll also nee to do a bit of search engine optimization (SEO) research to ensure you’re using the right keywords in your blog posts, as well as little SEO hacks that can drive more organic traffic to your site.
After you have traffic funneling in from different online channels like social media, email newsletters, and eBooks, you can monetize your blog with ads. This is achieved by employing ad platforms like Google AdSense or Chitika, netting you a fraction of a dollar every time a user clicks an ad displayed on your blog site.
3. Start a Freelance Writing Agency
Do you have talent in the writing department? Is your blog getting a decent amount of traffic and engagement? Writing can lead you into a home business that many do not know how to capitalize on . . . freelance writing agency.
Becoming a freelance writer is pretty easy. You can list your expertise, bio, and some of your recent articles on freelance platforms like Fiverr and Upwork to get started. However, being a successful freelance writer is a bit more challenging, especially if you want great clients that pay well.
Freelance writers can make anywhere from $30 to $500, depending on the client. To get started, you’ll need to start writing for yourself, getting plenty of informative articles online, preferably published on high authority sites.
You can also start ghostwriting for marketing agencies to get more experience and connect with more writers, editors, and marketing professionals in the B2B and B2C space. This could serve as a source for a few word of mouth clients in the future.
Wrapping Up . . .
The above three online business ideas to start from the comfort of your home are only the tip of the iceberg. There are more online business ideas which you can start immediately. There are plenty more types of websites and ways net a nice passive income from home with potential for you to become a full-time entrepreneur. What is your at home business idea?