A home business is independent self-employment whereby an individual pursues a business model without employing anyone. This may literally occur in the home or may involve other locations. Most home businesses are based on a handful of business models such as consulting, freelancing, reselling, retailing and product marketing. The following are common types of home business.
Bricks & Clicks
Business Process Outsourcing
Import / Export
Local Marketing Service
Podcasting / Streaming
Proofreading & Editing
Real Estate Agent
Sewing & Tailoring
Social Media Manager
Tech Support Services
Trades (e.g. Plumbing)
Translation & Localization
Value Added Reseller
NotesMany of the ideas above require qualifications. For example, you may require a certified facility to manufacture food or to run a daycare. Likewise, professional services such as accounting require professional qualifications. Generally speaking, it is a bad idea to try to act as a consultant or freelancer without the requisite experience and education.All businesses involve risk and the failure rate of small businesses is extraordinarily high. Before starting a business it is important to understand your business model and risks. A SWOT analysis can help.
Home businesses think small. For example, a game developer that creates marketable mods for a popular game. This is perhaps more realistic that developing and marketing a full game.If a business idea sounds too good to be true, it probably isn't genuine.
This is the complete list of articles we have written about home business.
If you enjoyed this page, please consider bookmarking Simplicable.
The common types of self employment.
A list of possible advantages to owning a business.
A list of possible disadvantages of owning a business.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.