Why bother commuting to and from work when you can make decent to lucrative earnings right from the comfort of your own home? Yes, there are plenty of options for home-based businesses. If you’re barely starting on the entrepreneurial path, it would probably be best if you took baby steps rather than go all out from the get-go.
Perhaps you can try out various small-scale ventures first while simultaneously launching a crowdfunding campaign for the business you have in mind. That way, you stay busy earning decent income while drawing up plans for your startup.
What Is Crowdfunding?
In the simplest of terms, crowdfunding is funding a project or a business venture by raising money through contributions from people. All transactions take place via the Internet. GoFundMe, KickStarter, and IndieGoGo are examples of crowdfunding websites. Many businesses and projects came to fruition through collective efforts of well-meaning people who extended help through the sites mentioned previously.
Lucrative Business Ideas to Consider
The advent of technology has made it easier for people to design lucrative business ideas. Moreover, since almost everyone has access to the Internet, promoting a business has gotten so much easier.
Here are a few business ideas you might want to consider:
Producing marketing materials
Some business owners rarely want to handle marketing materials for their business, and this is where you step in. You conceptualize, write, design, print and distribute marketing materials for them. Just make sure to sit down with the client before starting and finding out basic information like the target audience, the message they want to convey, any specific design in mind, and your deadline. The client would most likely get your services again especially if you come up with effective materials that result in increased sales for the client.
All about computers and software
Put up a shop for PC repairs – assembling custom-built computers, maintenance, and upgrade. Know where to buy computer accessories, reliable second-hand computers, and parts. Let your customers know that you are available to fix and troubleshoot any problems that occur. There are several ways to charge for your services. Price should be different for assembling a computer or selling a second-hand computer from your shop. For consultations and advice regarding what computer to get, you can charge an hourly rate for your time. Charge an hourly rate also for installations or any repair and maintenance jobs.
Use your gift of gab
If you have literary and writing prowess, know that there are many online opportunities for writing content such as – product descriptions, blogs, e-books, newsletters, sales copies, articles, and such. Almost each website needs content to attract visitors and generate traffic. If you are not a good writer, you look for freelance typing assignments and medical transcription jobs online.
There are more lucrative business ideas you can consider, but the above-mentioned rank high with startup entrepreneurs.
About the Author: Morris Edwards is a content writer at companyregistrationinsingapore.com.sg – he writes different topics like investing in Singapore, Useful tips for Singapore Business start up and all topics related to setting up a company in Singapore.