Online Home Based Business Ideas
If you are looking for online home based business ideas, you are obviously looking for ways to make money online from the comfort of your own home. There are many ways and business models you can use in order to achieve this if you are willing to roll up those sleeves and work at it. Let’s start by looking at selling printables online.
Selling Printables And Drop Shipping
Looking at the first of our online home based business ideas, this is ideal if you are wanting to have an online shop and sell products of your own. Why not try selling them using Gearbubble. With Gearbubble.com you can set up your own online storefront and start selling your own products today.
Gearbubble is geared more towards drop shipping. So if you are selling a tangible product, you can use Gearbubble to take the orders for you and get payment from the customers, leaving you free to simply ship the product off to the customer once he has paid.
Gearbubble is free to try out and there are various plans available to suit your budget.
If you want to sell coffee mugs for example. You would purchase the mugs, hopefully at a good price. You could then add some printing design or something unique to them before selling them again at a profit. Just make sure to add enough to cover yourself and either add shipping or add it when the customer checks out.
You could even sell invitations, business cards and clothing with personalized branding.
You could put the wording on your clothing to make it unique or sell decor for the bedroom with your own personal touch added.
If you have personalised home decor, t-shirts, towels, flags, mugs, socks or even baby clothing to sell, why not try Teespring.
Teespring is an e-commerce platform that allows anyone, anywhere in the world, to create and sell products online. The company was founded by Walker Williams and Evan Stites-Clayton in 2011 in Providence, Rhode Island. Teespring’s platform aims to make selling custom apparel easier.
So if you use Teespring, you won’t even need your own website, simply leverage theirs.
Once you have a product you know is going to sell well, simply price it competitively and load it onto Tspring.
Kindle or E-Books
If you go to Amazon.com and then in the department’s option go to Kindle Store, you can search the many different books available for purchase.
Some of these ebooks have over 3500 reviews.
Reviews are normally from people who have bought the ebook, so where there are many reviews, many have bought the book.
Most of the books are priced really low. But even if the book is selling for $2, there are no costs to the author, so that $2 is basically profit.
If you look at how many ebooks some of the authors have sold, then you begin to realise just how much money they are making.
Now, this is a stunning example of passive income, as you do the work once and then generate sales on that work for ages afterwards.
So if you love writing, why not head on over to kdp.amazon.com and create an account. Then you will be able to start publishing ebooks there. There is nothing complicated about this process. Simply put your digital book on Amazon and wait for the sales to start rolling in.
In fact, you don’t even have to write your own ebooks, you can also hire a writer on fiver.com. There are many writers looking for work on fiverr.com, and you will see prices ranging from $20 to $50 to create ebooks on any topic that you choose.
Let’s say that you write 2 ebooks per month, then that’s maybe an investment of $100 for you. You then go ahead and launch tow ebooks each month. That means that by the end of the years you will have 24 ebooks.
So now all the sales that you make would be passive income, as the books will be getting ordered over and over again over time, and in most cases, you should be able to pay off your initial investment pretty quickly, provided you have a good writer.
Before you launch your ebook business, make sure that you are publishing books in top-selling niches. Find out what they are before you publish. Do your research, find a good topic and you will definitely be able to sell that book.
If you want to double your income, why not turn your ebook into an audiobook? In that way, you can sell either the ebook or the audiobook, and your earnings could be potentially doubled from the same book.
In order to create an audiobook, you can also do it through Amazon. Simply go to Audiobook Creation Exchange and follow the instructions.
Affiliate Marketing With Video Reviews
With Affiliate Marketing, you are basically selling other peoples products and earning commissions when you do. This is my favourite of the online home based business ideas, as you simply refer your customers to the products, and if they purchase you don’t have to worry about any of the shipping or carrying any of the stock, as the company you are promoting for will take care of all that for you.
First of all, you need to create accounts on the affiliate platforms that you want to sell on. Amazon is a popular one as they have anything and everything. Other popular ones are Clickbank. JVZoo and Commission Junction.
If you have a specific niche you want to get into, you can simply google affiliate programs related to those niches. There will always be a company that you can work with.
You will also need a YouTube account. You need your own YouTube channel so that you can make videos. YouTube is part of Google, so if you have a Google account, you can use the same login credentials.
Once you have found a product to sell within your affiliate marketing platforms you are ready to go.
If you are promoting digital products, you will earn even greater commissions, as there are no shipping costs involved. Physical products always have smaller profit margins so you will earn a smaller percentage. Either way, if you master the art and sell enough of anything, you can make yourself some good money.
The next step is to create a video review for the affiliate offer. You don’t always need to have a physical product, as sometimes the sales pages are awesome, and researching a product online gives you a wealth of information and reviews that you can use. Many marketers screen record the sales page and then talk about the product benefits, pros and cons.
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If you don’t like to talk in front of the camera, why not try doing a PowerPoint presentation using screenshots. Otherwise, there are many ways to make videos. Why not try a program like Screencast-o-Matic?
Once you are happy with your video, you need to upload your video to YouTube and rank it. You need to use keywords related to what people are searching for in the search engines for your video, otherwise, how are people even going to find your video?
The idea is to try and get your video on the first page of the search engines. In this way, you will get more views and hopefully more sales at the same time. You can try the Jaaxy Keyword Tool if you want to find some great keywords that haven’t got too much competition quickly and easily.
Try this trick if you are in the make money online industry. Find product launches to promote. There are always some on platforms like JVZoo and Warrior Plus. You can use the name of the product as the keyword. Noone will obviously be searching for the product as it doesn’t exist, but once it launches and gains popularity, you will have your video review right there on top of the search engines, ready to go.
The beauty of this model is that people rarely buy a product the first time they see it. They will often go and do some research and that is when they land on your review. Rarely will they go back to the original page the found the product on, and will simply click on your page to make a purchase.
The best time to do this sort of video is about two weeks before the product launches. Try to get some backlinks and links from other pages and the chances are that you will rank in one of the first spots, as the keyword doesn’t have much competition yet. In your review description put in your affiliate link and also add some bonuses to incentivise people to buy from your link.
The other option is to promote evergreen products. These will be harder to rank for as you will have more competition, but it is something that will sell for years and in time your video will rank as it gets more views and backlinks.
If you want to promote digital products, like the ones you find on Clickbank, the commissions are a lot higher. Find good quality products and do video reviews on them. Sometimes you may have to buy a product to give an honest review on it.
To get more out of your videos, you could also embed them onto your website and have a written article there about the product. If you need to build a website quickly, I do all mine right here at Wealthy Affiliate. If you want to read more about Wealthy Affiliate and how it works, click here.
Drop Shipping Or Arbitrage
“In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices at which the unit is traded.”
This one takes some research and work, but basically, you need an account with Amazon and an account with eBay. Find a product you want to promote and you will see it will be different prices on both platforms.
Let’s look at this example:
I found a storage bench with three drawers on Amazon for $17.99 plus $10 shipping. Then I found the exact same product on eBay for $74 plus $11 shipping.
Scrolling down you find that same product again sold at an even cheaper price. These price differences are what you need to look for. As you can resell them for a profit.
You can list the cheaper product on the more expensive website for a little cheaper and you could potentially make a killing. It will involve ordering the product from the cheaper vendor once purchased and shipping it off to your customer.
You can also find cheaply priced items on wholesaledeals.co.uk and you can list products from here for a specific price on Amazon or eBay and make a huge profit margin. Many marketers make mark-ups of up to 270 percent and are killing it.
Here is another example. I found an Adidas sweatshirt on Wholesale Deals for £ 10.75 and it is normally sold on eBay for £ 23 so that is like a 200 percent mark up. Just think of the possibilities.
Other cheap places you could look at for products include Ali Express (cheap but shipping is slow) and if you like hand made products etsy.com. On Fiverr, you will find cheaper hand made products which you could, in turn, sell on Etsy.
These online home based business ideas are easy to apply and you don’t need a lot of money to start with. Usually, you will get the money from the client before you need to make the order to the supplier and then send the merchandise to your clients.
Using Fiverr As Leverage
Fiverr is one of the largest digital products or services market places in the world.
Basically, it’s a place where you can buy anything for $5 or at least starting at $5.
There are many people making a lot of money here, and many get started here and move onto greater things from this platform.
Let’s look at YouTube views for example. Fiverr has a lot of people advertising that they can get you YouTube views. For example, there is one ad offering 1.4m views for $20. Some of them start at $5, but a lot of them are more expensive.
Now there is another lesser-known website called Seo Clerks, Here some of the services here only cost $1 so there is quite a price difference in a lot of cases.
We can, in turn, sell these cheaper services on Fiverr easily for $5. If we can get YouTube views for $1 and resell them on Fiverr for $5 then we have scored big time.
All you do is take the order from Fiverr and order it from Seo Clerks and then deliver it to your client. Easy Peasy. You just need to do the research.
You could also advertise work on upward.com and then buy the services in the same way from Fiverr. The prices are generally higher on upward or freelance, so provided you find somebody good on Fiverr, you could make a good profit. This is called services arbitrage and you could do this with any digital products, like ebooks, PLR, graphics or anything else you can think of.
This is another great business model, especially as you don’t need to handle physical products. With digital products, the profit margin is always higher than with physical products.
I hope that you found these online home based business ideas useful. If you have anything else to add, please feel free to comment below.