It can be very daunting to jump into an online business or home based business when you have little to no experience.
Here is a list of the best income creation business models in no particular order where you can work from home:
1) STARTING A BLOG
2) STARTING A MEMBERSHIP SITE
3) STARTING AN E-COMMERCE SITE
4) STARTING AN AFFILIATE MARKETING BUSINESS
5) STARTING A FOREX CURRENCY TRADING ACCOUNT
From these core areas there are many areas that branch off of this niche.
So for example, when you are aware of what type of home based business really pays, you can narrow down some core ideas. Let’s say that you wanted to start an e-commerce site, there are really have hundreds of options to start a business in any niche market just within this area. So it is easy to get overwhelmed but you must stay calm and focused on the job at hand.
Hopefully now you have more of a guide to the areas that pay best and work for you.
There are other options that are possible to work from home like:
1) NETWORK MARKETING BUSINESS
2) A FRANCHISE
3) AN OFFLINE STORE OR HOME BASED PHYSICAL PRODUCT BUSINESS
4) A STUDIO FOR PRACTICE OF ARTS AND EXERCISES
Personally I prefer the top work from home options because all of them mean you don’t have to have any business offline, so in other words you don’t need physical products. It depends on what you love doing because if you love getting outdoors and chatting to people which is fun then you may prefer one of the last 4 models.
Let’s say that your passion was coffee. You could train to become a barrista for example and then teach others to do the same. This would require a work space of some kind in your property or elsewhere where you can teach students the art of a great brew.
Again, it depends on the type of business that you prefer. Some of the most popular areas to work in right now and projected for 2015 are things such as…
> THE FOOD BUSINESS
> YOGA TEACHING
> ONLINE BUSINESS
> COPY WRITING
> WEB DESIGN
> GAME DESIGN
There are many other areas also that are very popular, so you may want to think of what your passions are and try to combine them with an area that is in demand. This utilises your skills and at the same time caters to a growing market demand.
There are many great books out there that may help you to define your options and find some answers. The key is to not get overwhelmed or get drawn into the shiny advertising online.
Very often people get dragged into ‘the money trap’ so they follow where they think they can make money rather than following what they can really enjoy doing. I think this is a big mistake as, the desire of money alone will not lead to a sustainable successful business in my experience of teaching.
Why is chasing the money wrong?
Of course all business is built on sales and profits and so you will want to create profit margins as soon as possible BUT, this is not the kind of thinking that will lead to replacing your job. Think about it, your job pays you without fail every week or month, and so, you want something that is going to pay you on repeat. The only business model that pays you this way is something that is built with love, great ethics and thinking of serving a customer first.
Breaking it down:
1) BUILD A SUSTAINABLE BUSINESS AROUND YOUR PASSIONS / SKILLS
2) DON’T CHASE THE MONEY, FOLLOW YOUR HEART
3) DECIDE UPON THE TYPE OF BUSINESS MODEL THAT BEST SUITS YOU
4) RESEARCH RESEARCH RESEARCH – KEEP LOOKING AND GETTING IDEAS