One of the things that you should be focusing on this year is working smarter and not harder. There are only so many hours in the day, so regardless how hard you push, we all have the same amount of time in the day to complete the work on our daily to-do list. The easiest way to generate more income is creating passive income streams. This way, your money will be working for you instead of the other way around. These are 7 home based business ideas you can begin working on today.
1. Become an Amazon Drop Shipper
Take a good look around your home. Chances are you have been collecting things you may never use again. Get your feet wet by selling them on Amazon. Don’t worry, this is easier than you think. Search for the product on Amazon, look for the “Have one to sell” button, and click the link. No need to write descriptions or take pictures, it couldn’t be easier.
Let’s assume these items sell in a week, and you get the hang of it. Keep cleaning house or head out to yard sales on Saturday and score new items for $1. Afterwards, sell them for the full retail prices. A few hours of work on the weekend buying and listing could provide you a new revenue source that is steady and growing.
2. Capitalize on Your Photography Skills
Maybe you have this uncanny ability to take some really great photographs. Nonetheless, this little hobby isn’t generating any income at the moment. Luckily, websites like Shutterstock and iStockphoto are providing average photographers the opportunity to make a nice passive income doing what they love.
Spend a weekend out in nature. Take captivating and stunning landscape pictures with your camera. Upload these images to your Shutterstock and iStockphoto account later on. What happens next is people around the globe with little or not photography skills will come running to buy those pics to use on their website, blog or to print out to hang on their walls. This is one of those home based business ideas that can generate you income around the clock with minimal effort on your part.
3. Write what You Know
There has never been a time before where authors can self-publish their works and get in front of a global audience for next to nothing. This is a great opportunity to generate a new revenue source if you have some expertise in any area. Know how to rebuild an engine, make a sweater from scratch or prepare low-fat meals, then write an e-book.
The e-book can be listed on a site like Amazon. Once uploaded, all the work is done. Each time a customer buys the e-book, Amazon ships the book or gives the customers the upload link, and you get paid. Home based business ideas like this can work quickly. Afterwards, write another book and double your income stream.
4. Become a YouTube Product Tester
Those who have a unique and outgoing personality can start generating an income on YouTube by becoming a product tester. Traffic to YouTube is in the millions each day! If you get a following, you could start raking in a huge revenue each month doing nothing more than voicing your unique opinion about certain products. Nonetheless, you need to master some general concepts about the category of products you chose to talk about.
Once you begin creating your videos and generating a following, YouTube will reward you with the ability to monetize ads around your video. Each time those ads get clicked, you earn money. The more popular the videos, the bigger the revenue stream each day.
5. Start a Blog about Anything
Start a blog about a subject near and dear to your heart. This is one of those home based business ideas anyone can do. Whether your love of pets, cycling or traveling, creating a blog is a free way to generate a revenue source that could pay you for many years to come. Start creating a new post on your blog at least once a day. Learn about small business SEO techniques. This way, you can sprinkle some long-tail keywords into each post to attract the search engine spiders which in turn bring the organic traffic to you.
You can register with Google Adsense. By the time you are accepted, you have a dozen or more posts. Once you are in, simply allow Adsense to generate ads in the posts, under the posts, and in the sidebar of the website. Google will optimize the ads to match the content. Once clicked, you get a check each month for the revenue.
6. Promote Products on Social Media
Social media has allowed even the average homeowner to reach a global audience with the click of a mouse. Regardless if you are using Instagram, Twitter or Facebook, you have the ability to promote products with links within the posts. Perhaps you created a fan-page on Facebook about T-shirt designs. If you have numerous followers that are interested in your view, you can sprinkle in affiliate links that will generate income.
Register with an affiliate network that promotes products related to your social account. Post a link to a product once a day. If anyone visits and buys the product, you earn a commission.
7. Sell on eBay to a Global Audience
Selling on eBay is simple. Best of all, you get to reach a global audience for pennies a listing. Scour your local $1 store or flea markets for items you can get in large quantities that may not be available in other parts of the country. If you are buying it for $1 and someone in Idaho is willing to pay $5 because they don’t have them in that state, just ramp up your efforts.
If you can make $1 with home based business ideas like this, you can easily make $100. The more you ramp up production, the more revenue you can generate. Stick to one item you can get cheap that many can’t find and you could be raking in cash week after week with minimal effort.
Generate New Revenue Sources that Work
Give these home based business ideas a try. Perhaps this will be the year you start to amass that nest egg that will carry you through your later years. Perhaps you have already found one or more ideas that are beginning to yield results. Share your insights and tips with us here so we can help others make their dreams of owning a successful home business a reality too.