5 Home Business Ideas: How To Work From Home Today!

hi I'm Seth I currently run several online businesses which I started by learning from online resources and YouTube tutorials kind of like this one today I'm going to talk to you about five different online business ideas that you can start from home [Music] let's first dive into drop shipping drop shipping is an appealing business model to start with because it's relatively accessible to anyone now I'm sure you've seen all of the ads and videos about how you can make millions of dollars selling a spatula or something else and I'm not going to talk to you about any of that the only thing that I want to talk about is the concept of drop shipping and who better to tell you about job shipping than Jessica from the Oberlin team here's what she had to share I'm Jessica and actually a lot of people know me as the overload lady because for the past couple years I have been on overload YouTube channel talking about drop shipping and interviewing successful drop shippers and I myself in the drop shipper so if you're new to drop shipping drop shipping is a business model and it's a model where you the entrepreneur you don't pay for or carry inventory instead you find products and you import them virtually to your online shop áfive store so that your Shopify store shows the product information photos and price then you the entrepreneur through the work of marketing that product and when a customer finds it and clicks buy you go to the supplier you order the product from them and the supplier ships that product directly to your customer so you actually never see the inventory but the customer gets the product they ordered from your site now if this seems too good to be true it really isn't the wholesaler may supply the product to your customer but you're still responsible for creating the positioning branding online storefront marketing and customer service a lot of new drop shippers want to know how they can find winning products my advice is to think really deeply on what your customers problems are and then look for products that creatively solve those problems another thing to keep in mind is you want to sell products that are fairly inexpensive because you're selling these products to customers who are going to buy them on impulse customers go to Amazon or other big-box stores to find products that they already know they need but when customers are scrolling through Facebook they're not in shopping mode that's when they see the dropshippers ad and they go oh my gosh I didn't even know this existed this pet hair vacuum is perfect I want to get it they're not gonna look for that anywhere else because they've never seen it before drop shipping is worth considering if you've got very little space to operate in or if you're starting with a tight budget for those of us that are still trying to figure out their business drop shipping can also quickly help you test and validate different business ideas with very limited downside this then frees you up to learn more about choosing and marketing in-demand products to learn more about starting a successful drop shipping business in 2020 check out our free webinar link down in the description below now for all of my passionate designer friends out there who want to do drop shipping but also want to creatively flex print-on-demand could be for you print-on-demand is another drop shipping service that puts inventory shipping and fulfillment in the hands of a third party supplier but unlike drop shipping the focus here is on customizing these products with your own designs to create something original these days you can print on almost anything t-shirts hats phone cases hoodies skirts tote bags and more this method can also work for those of us who are not blessed with design skills all you need is a good idea and you can find a designer to work with using freelance sites like Fiverr upwork dribble or 99 designs like with anything there are many considerations to keep in mind when weighing whether or not this model will work for you with many print on demand services you're paying per products so the base price per unit will likely be more expensive than if you were to order these in bulk the upside to this is if certain t-shirt designs don't sell you haven't actually paid for those items yet now even though shipping and fulfillment is out of your hands shipping costs can get quite complicated as it often varies for different products you'll really have to waive base costs customization options printing technique and available sizes as those will all depend on the vendor you're choosing to move forward with to find inspiration for your next print-on-demand store follow the link in the description down below whole mud products if you make your own products know someone who does or have aspirations to you can also consider turning your hobby into a business I learned how to sew for mine with the ability to control nearly every aspect of the product you sell you can make them more cost-effective improve their quality or customize them for a specific audience some examples of products you could consider making from home include candles jewelry art or even apparel food and cosmetics could also be made from home but please be aware of regulations concerning products that someone might ingest light or put on their skin each country has their own rules and regulations about creating and selling products so do your homework before you start producing and selling okay so I just want to give you all quickly a rundown of the setup that we have at home when we're running our business and so we decided that we need to be really really organized with our products just so that we can make sure that when we get home and we need to ship any orders we can just get them into a package and send them right off it's super important when you're running a home-based business that whatever you're doing with your business doesn't feel like added work so that you're not constantly burning yourself out when you get home there is nothing more empowering than being able to sell a service or your own expertise this business model is essentially crafted around who you are and what you know creative professionals like designers or marketers might freelance or consult with other companies juggling multiple clients often remotely others might operate based on appointments and bookings to offer their service to individuals directly services are even simpler than products to start selling from home but the challenge here is going to be how you're allocating your time time is money has never been truer than when you're running your service based business an important thing to look out for with service based businesses is that they often require a lot of networking and word-of-mouth to find suitable clients you'll need to develop a solid marketing strategy to help get your name out there when you're first getting started additionally you need to be incredibly attentive to customer service initiatives and best practices to ensure that you foster loyal customers who will return time and time again for your business if you're able to build a small loyal group of people you don't necessarily need to have a lot of customers to do well because depending on the service you're offering a handful of high quality clients can be enough to support yourself full time while working from home as I mentioned earlier one of the biggest downsides of running a service based business is that you're being paid strictly for your skills time and effort now to help alleviate some of these potential time issues you can also productize or service this means that you create physical or digital products that package up with your expertise and streamline or complement the service that you offer some ideas for adding products to your service based business include courses designs digital assets downloadable reports digital templates merchandise or ebooks which as an added bonus for this business type means that there will be no physical products to trip over at home in today's connected world the ability to build an audience by capturing and keeping them is an asset and access to that audience is something that businesses are willing to pay for whether you choose to grow your following on YouTube Instagram or blog you have many different ways to monetize your audience you can do sponsored posts on behalf of brands you can become an affiliate you can sell physical or digital products or you can create a patreon page one thing I do want to highlight is that taking an audience first approach to starting a business means that you're definitely playing the long game so it might actually be months before you figured all of this out there you have it if this video has inspired you to start a business today let us know what idea you're going with in the comments below like just writing saying service based business again

Channel: Learn With Shopify

Views: 43,818

Keywords: learn with shopify, ecommerce tutorials, business tutorials, shopify store, passive income, online business, how to make money online, how to make money on shopify, work from home, home business ideas, online business ideas, work from home jobs, home based business, business models, dropshipping, print on demand, service based business, shopify tutorial, shopify tutorial for beginners, shopify, Work-From-Home Business, online business ideas 2020, oberlo, Home office

Id: erqm-8ysdYw

Length: 8min 25sec (505 seconds)

Published: Thu Apr 23 2020