At its core, dropshipping involves becoming a distributor of a third party's products, taking on the costs (both financial and time-based) of marketing to be rewarded with the margins when you make a sale. In many cases, this can make your products a commodity with limited opportunity to brand your customer experience. Luckily, there are a few different ways you can still compete, even when there’s no shortage of your products in the market you’re selling in:
I have another to add to your list that’s almost as easy to do as going for a daily walk! Clean up litter outside commercial properties for property management companies. The work is done on foot using simple hand tools. I started this as a side gig in 1981 and grew it into a profitable full-time business that I continue to operate today. I share my experience in my book, Cleanlots, and offer free support.
If you’re someone who reorganizes closets for fun, offer up your services to harried and disorganized individuals and businesses. You don’t need a degree to start an organization business, and it may not be overly difficult to get clients, either. All you have to do is create a simple website or Facebook group to advertise your services. You could also post ads on local social media pages, or on craiglist.org.
Developing and monetizing microsites can also garner a serious amount of sales. These sites are advertised within a partner site or on the sponsored listings of a search engine. They are distinct and separate from the organization’s main site. By offering more focused, relevant content to a specific audience, microsites lead to increased conversions due to their simple and straightforward call to action.
There is no shortage of products you’ll be able to promote. You’ll have the ability to pick and choose products that you personally believe in, so make sure that your campaigns center around truly valuable products that consumers will enjoy. You’ll achieve an impressive conversion rate while simultaneously establishing the reliability of your personal brand.
Whether it’s new construction, electrical, or roadwork, you can bid on contracting business opportunities with the government. This includes providing supplies and materials for new buildings and roads or even renovating old ones. These business opportunities would go through the standard bidding process, but you can also find less intensive jobs like custodial work through sites like Indeed.
Another idea someone could do from home is to start a service or write a software program that scours local ad listings (like craigslist) for a particular used item a person wants to buy. They have services like this for new items, but not used. I know others like me who are keeping their eye out for something used (like a canopy king bed!) but don’t have the time or inclination to search for it every day.
They're also far more popular than you might think. "Online courses are huge right now," says David Hoos, Head of Marketing at The Good marketing agency. "They can be incredibly helpful to develop niche skills and businesses will often use them for professional development purposes. If you have a unique skill that you can organize and share, a course is a great way to do it!"
With most of the world being online, we see a rise in cybercrime. Cybersecurity will be one of the most important business opportunities to consider. The industry is growing more prominent, and it solves one of the biggest online challenges people have today. There’s also ethical hacking which is slightly different but can work to help prevent cyberattacks or major hacks for big brands. Those who invest in starting a cybersecurity business will likely realize it’s a prominent business opportunity.
That’s what Yegi Saryan, founder of Yegi Beauty, does with her business. After establishing a successful online beauty brand, she turned her talents into passive income. Now, aspiring entrepreneurs can purchase lash classes to kickstart their skills and add it as a service offering in their business. Classes are available both online and in-person.
In many states, you can complete the required training, become a licensed agent, and start a new career in just a few weeks or months. While it does require an investment of time, money, and effort, it can be well worth it. You can be your own boss, work a flexible schedule, and have the potential to make a lot of money. While there is no shortage of real estate agents in the industry, there's still plenty of space for agents who genuinely want to do the best they can for their clients. Learn how to get a real estate license here.
Consulting is one of the most common business opportunities. Many specialists start consulting to help a broader range of people with a specific skill. For example, you might be a Facebook Ads expert who consults with businesses on how to run effective Facebook Ads. Or you might be a beauty consultant who takes customers shopping to buy the right products for their skin tone. As an expert, you share your expertise with others to help them succeed too. So if you’re looking for some examples of business opportunities from home, think about what skills you excel in. Then, focus on finding people who need help with that.
The most life-changing business opportunities are the ones you explore. Recognizing an opportunity is only one part of success. But the most important part is taking that first step to start the business. Let these business opportunities serve as a guide for what has potential. And try to choose the one that is aligned with your skills and passion. Which opportunity will you jump on today? Let us know in the comments!
Whether you’re an artist, designer, or ecommerce brand, print on demand is a great potential business opportunity for online clothing retailers. Printing on demand involves working with a supplier to customize white-label products, such as tote bags or t-shirts, with your own designs. The best part? You don’t have to pay for the product until after you sell it. Similar to dropshipping, you don’t hold any inventory or buy in bulk.
One of the most modern business opportunities involves influencer marketing. If you have a massive social media following, you can partner with other businesses to promote their products to your audience. When starting out, you might partner with affiliate programs to see how well your audience grows. And as your audience scales, more business opportunities come your way. You can focus on building various accounts. Maybe one where you build yourself or a pet as an influencer. Then perhaps another where you build fan pages for a specific topic or niche.
It’s great to see so many opportunities at one place. People often say how much they want to leave the corporate world and change the way they earn money but “they can’t”. And I think the reason is fear. They fear that working from home might not work out immediately. There are countless opportunities, if you want to work from home and every excuse is just due to lack of courage.
Many affluent seniors suffer from various health and mobility issues and are increasingly uncomfortable or unable to drive their own vehicles. They may find it difficult or impossible to take care of household chores such as landscaping, cleaning, cooking, or caring for their pets. Others travel extensively and require house sitting or pet sitting and property maintenance services. All in all, a wealth of opportunities exist for entrepreneurs who want to work with seniors. If you're not interested in starting your own business from scratch, various senior care franchise opportunities are available, too.
An influencer is an individual who holds the power to impact the purchasing decisions of a large segment of the population. This person is in a great position to benefit from affiliate marketing. They already boast an impressive following, so it’s easy for them to direct consumers to the seller’s products through social media posts, blogs, and other interactions with their followers. The influencers then receive a share of the profits they helped to create.