Best 5 Home based Business Ideas
Most of us prefers to stay at home,and earn money by doing home based businesses.
There are a lot of opportunities around us...
Home based business start up should be in a small scale.
In most of the countries,there are procedures to start a home based small scale business.
These are the steps that should be followed while planing to start a business especially home based small scale business
Step 1: Do research as much as possible
The research should be done to study about the market opportunities of your product.
This will help you to improve your business and even you can decide the marketing strategy
through which the product can get maximum number of sales.
Step 2: Make a Plan. ...
Planing of capital how much you can invest in your business.
Step 3: Plan Your Finances. ...
The source of your capital should be decided.
Step 4: Choose a Business Structure. ...
choosing a good business structure will help you to have a harmonious relation with your subordinates and your employees
Step 5: Pick and Register Your Business Name. ...
A suitable name should be chosen for your business.It should be related to your field.For ex.If you are chosing home based baking industry
Angel cakes n bakes..etc name of such should be chosen
Step 6: Get Licenses and Permits. ...
This step is an important one.you have to get all licenses and permits to start it.
this procedure differs from one place to another.
Step 7: Choose Your Accounting System. ...
this steps helps to choose a good accounting system to record all financial transactions.
Step 8: Set Up Your Business Location.
A suitable place should be chosen to fix a location for your business.
plan your team
this is an important step that determines the human resource of your industry
Step 10: Promote your business
the best promotion of your business is the word of experience that a customer shares to others.
Now a days there are provisions to do promotion through social media,website etc
Cloth bags making business
making your own bag is a great way to save money and recycle.there are lot of opportunity in this industry as now a days environmental safe products.
It needs its machinery of low capital to start the business.
Home based baking business
For starting cake business,first you have to learn cake baking.even you can bake doughnuts,cookies
even chocolate making business are of great scope.
We can make candles of variety of shapes,sizes and colors.There are different types of candles available in market .example: perfumed candles
Pet animal,food and their accessories sales
Everyone like pets as a good companion of their life.To do this business,you should have a passion towards pet animals.
The customers will be of all age groups but mostly will be children.If you work hard(Like cage cleaning,taking care of pet animals ,providing good food and medicines),you will get a good income
through this business.
Food products sales
through this business you can make pickles and snacks like samosa,cutlets,chips,puffs.....etc and sell it to shops etc.