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Home Business Ideas that Don’t Require Much Startup Capital – Part 2

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Having a home-based business appeals to a lot of people, especially those working for the same company for ten years yet who don’t feel growth and fulfillment, or those stay-at-home parents who wish to personally look after their children. However,  the question being asked by most people is, “would it be possible to start a home-based business with minimal capital?” Actually, starting a home business with little money is highly possible. You just need to focus on a creative home business idea and work on it.

Start with what you Have

You can make use of your household facilities like the phone and PC. You can tailor your services after taking stock of what you have. For example, if you have two or more computers to work with, you can accept typing jobs, or layout newsletters and brochures if you are well-versed with the applications to be used. You can also make invitations for different occasions. Such businesses only require an Internet connection, and perhaps a fairly good printer.

Follow your Passion

The most creative home business ideas bud from your passion. Consider your hobbies and interests. If you like to cook, and your friends and family admire your home cooking, then you can start with a catering business. You can start with what you have in your kitchen, and invest on more professional equipment as your business grows. If you are fond of baking, you can accept orders for birthday parties and such. Check out this list of 50 side businesses you can set up from home.

Use your Skills/Knowledge

Don’t put your abilities to waste. You can use them to earn money even if you’re working from home. Photography and photo editing is an example. If you have an extra room in your house, you can set up your studio or darkroom. Some people are too busy to go to malls or photo centers to have their photos taken for job or passport applications. If you want to go out once in a while, you can start accepting invites to events such as wedding or birthday parties.

Take Advantage of the Internet

Every transaction is now possible through the Internet. There are a lot of freelance jobs available online – just check out Odesk.com. If you still want to work for a company while staying at home, you can look for secretarial or writing jobs that don’t require your physical presence. An example of this is doing transcription services. Transcription involves typing notes from recorded minutes. Basically, the five major markets for home-based transcriptionists are academic, business, medical, legal and professional writers. Now, if what you want to do is some serious writing, you can apply for creative writing positions as well.

Use that Extra Space

Another creative home business idea is running an AirBNB bed-and-breakfast type service. However, this is only applicable if you have a spare room or two in your house. For instance, you and your spouse are the only ones left since all of your children already have moved out. This may not be easy work, but it’s something that you can fit into a daily schedule. If the rooms do not need any major renovations, you will only need very little money to buy necessary items such as new towels, curtains and bed sheets.

The opportunities are limitless. There are a lot of creative home business ideas that you can work with. It’s simply a matter of researching and using what you have and what you know to start up a business venture. More often than not, when setting up a home-based business, a huge part of your startup capital is used for marketing your products/services. Let other people know what creative home business idea you’re up for.

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Lorna Li

Chief Evolutionary Officer at Entrepreneurs for a Change
Lorna Li is a business coach, entrepreneur and Amazon rainforest crusader, with a passion for green business, social enterprise, and indigenous wisdom. She helps changemaking entrepreneurs harness the power of the Internet to reach more people and make a bigger impact, while designing the lifestyle of their dreams. She is an Internet marketing consultant to changemakers, and works with innovative tech startups, sustainable brands, social enterprises & B-Corporations on SEO, SEM & Social Media marketing.
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