The traditional business system in the world involved operating businesses from home. Do you know that today there are many business models which can actually scale up while you are sitting at home? Yes, that’s the truth of how technology has entered the business basis technology. In its history, you will realize that running businesses from home was a tradition. This tradition continues today as well while the limitations that were there earlier have become opportunities today. The restrictions have changed into open doors, where you can actually perform business activities sitting from your home. Today I will share five ideas for small business at home.
Ideas for small business at home: The first idea is a very traditional idea, that was actually existing in the world business system tiffin service or the lunchbox. Now when I talk about different services, it was a very traditional business kind of a thing. It still exists today but, it has taken another level, it has gone a level up. Where you can actually brand your different service names, brand your lunch boxes and name them and sell them through integrator platforms.
This whole concept of when you run a food-based business from home and sell it through integrators is actually known as a cloud kitchen. Cloud kitchens are nothing but these are the kitchens where you only prepare food and then you deliver them to people and people don’t come to you to eat. So basically the difference between a restaurant and a cloud kitchen is that people go to a restaurant to eat food but in a cloud kitchen people can obviously order food right to their doorstep.
Now with this differentiation coming into the food industry earlier while restaurant owners were cribbing about the integrator platforms, today they are welcoming these platforms with an open hand because these platforms give extra revenue to them. So when the integrator model can actually run for big businesses why it can’t run for you? The only thing that you need to identify for setting up a cloud kitchen is some legality.
So I would say that before you go to set up a cloud kitchen ensure that you know the legalities of what needs to be the legal norms of starting for a cloud kitchen, what is the kitchen range that you require, and what is the certification that you require to start a cloud kitchen. Now once you know that you are all ready and flexy, you can operate a cloud kitchen right from a rented room or you can go in for a rented shop kind of a structure.
Ideas for small business at home: The second profitable business idea is about creating handmade items. Now creating handmade stuff or handicraft items is again a traditional form of business, but it has got its scalability and chances to grow more. When you can actually sell it through various platforms again so as I said earlier that technology has been a boon for businesses and how it’s helping you integrate different models together.
So that you can have a high revenue generation similarly for handicraft industries as well technology has proved to be an enabler which is taking the businesses far. So having a handicraft business and having some group of people who are ready to work together can actually lead to a very good handicraft business, where you can create products sitting at home and you can sell them online or at various exhibitions that keep on happening here.
The third thing is also to sell them on social media because this can actually help you to gain more popularity about the product, again don’t forget to brand them because a brand name is very much important for a handicraft brand and it helps people to remember what brand have they bought. Because they might not remember your faces, they might not remember who the people are associated with the brand but the people connect with the brand logo and the brand name. So keep a brand name for your handicraft items and start selling them on online platforms to gain massive growth.
Supplier of Gifting boxes
Ideas for small business at home: The third idea is to be a supplier of gifting boxes. Now with the demands of even planners and custom gifting increasing day by day, the raw materials required for these activities are also in demand which means that you can become a supplier of these materials to various even planners who are actually designing custom gifts for corporates or for individuals, then these platforms can actually buy your boxes or buy your gift wraps.
Whatever good items you have for gifting so this is how you can be just a supplier, you don’t need to create a huge team to manage this. But you can do it alone till the time it reaches a certain scale once it scales and you start generating a lot of revenue and you have so many collaborations that you are not able to manage alone then you will require someone else in the business and this business absolutely can vanish from home.
Ideas for small business at home: The fourth business idea is to be a digital entrepreneur, now when I talk about being a digital entrepreneur it’s not just freelancing but it is going deep into a particular topic that you’re good at. So whether it be YouTubing, whether it is video editing, whether it is graphic designing, whether it be proofreading or writing or maybe some development kind of services where you are giving app development or website development kind of services to people or it may be as simple as digital marketing.
All these things come under digital entrepreneurship but please don’t take this as a freelancing consignment, because when you start taking it as a freelancing consignment you remain a freelancer and there are then various limitations to growing your business and you are only able to survive as a freelancer. Whereas when you change this into a business model and if you only give a specific kind of a service to a specific kind of people you can actually scale up this business model and you can be a digital entrepreneur.
Ideas for small business at home: Number five is to start online teaching if you are someone who can teach some skills to people, if you are someone who is already an educator and you were taking home tuition or if you are someone who was giving classes extracurricular classes to people. Even if you are someone who has some kind of skills like how to speak effectively, how to edit videos, how to click photographs, anything any kind of skills that you have today you can actually share them using online platforms like fiver, Udemy and you can start teaching that skills to various people and start earning money from that.
Related: Top 10 businesses that never fails
Now while this kind of teaching requires your continuous efforts but it also upskills you and gives you money in return. So It’s it becomes a very good scalable business once you start collaborating with the learners that have come to you and you make them the teachers in the next phase of your business. So this is how you can actually grow a home-based online teaching business.