Having a home business is the holy grail of success for many women–it means that income flow never stops even when there are a lot of responsibilities to fill. Home businesses are ideal for stay-at-home-moms, for busy career women, and the rest of the population that want something flexible but would provide them with good profits.
However, starting a home business can often be overwhelming. As beginners, many women don’t know where to start or what steps they should take to initiate their goal. Chrissy Weems, the successful CEO and founder of Origami Owl shares her success about starting a home business. According to Chrissy, the key to success is understanding what it is you are passionate about and knowing the demands of the market. When you are able to find that common ground, it will be easier for you think of home business ideas that match your lifestyle.
4 Home Businesses Women Can Invest In
Here are some that Chrissy Weems suggests learning more about.
Sustainable products e-commerce store
Sustainability isn’t just a trend that is coming and going, it is gradually getting noticed as a priority for many people. A lot of people have been conscious of how they are using single-use plastic or making sure that their products are zero-waste sources. A way to meet this need is to create products that people can use repeatedly with zero waste. For example, you can create cloth shopping bags, mason seasoning jars, bamboo straws, or other items that people can use without throwing away. There is a great demand for this business as people are getting more environmental-conscious.
Handcrafted items store
Handcrafted goods will always be special–nobody can beat you in terms of originality. To make sure that there is a demand for your handcrafted products, do your market research on what people look for. To do this, simply type in google the term “handcrafted” and then wait for the autosuggestion fillups. You will see what people usually look for and from there you can get ideas. Pinterest is also a good place to look for ideas on what products to sell. If you are looking for a marketplace to sell your items, Etsy is a good place to start. Chrissy Weems also suggests selling these by building your own website once you gain enough demand and traffic.
Digital products website
This type of business can be managed 100% online. If you have a special expertise, say, business or financial planning, you can create an e-book. What’s great about this home business is that there is almost zero cost for initial investment. You don’t have to reproduce the books, and you will keep on selling with zero cost on inventory. What you have to do in this type of business model is to establish your authority on your niche, and to market your products in various sources. You can try promoting your digital products on social media, on your blog, or through e-book marketplaces such as Amazon Kindle.
Baked goods store
Are you someone with a passion for the culinary arts? Then it would be ideal for you to sell baked goods or other similar products. This home-based business does not need a lot of investment, and you can partner with restaurants to sell your products on the side. For example, you can approach small restaurants within your community to sell your baked goods and they will earn a commission for every product sold. This way, it can be a win-win for you and the other businesses. Time management is key for this type of business model.
There are many ways to succeed in business even in the comforts of your home. You can start by making a business plan and seeking help from mentors who can guide you along the way.