Home Based Business Ideas for 2014

Of all the many different types of businesses out there, a home based business is the most alluring to many. The idea of being able to work from home, on your own time and on your own terms appeals to many.

However, know that just because it sounds easy doesn’t mean it is. In fact, starting and succeeding in the business world will almost always take substantially more work than simply staying in your 9 to 5 job. But when you are successful, the rewards are incredible. You’ll likely make more money, and have significantly more freedom.

So with all of that said, here are some of my favorite home based business ideas to start in the year 2014:

E-Commerce

One of the examples that people always think about these days for a home based business is to sell something online. If you go about this in the right way, there is the potential to make a lot of money in e-commerce. However, you have to remember that you are competing with Amazon and other big box retailers, so finding a way to stand out can be difficult. You can either resell someone else’s product or create one of your own. Either way, there is a lot of money to be made in E-Commerce, and this type of business can be heavily automated once set up.

Freelance Writing

As the age of online content continues, the demand for quality writing continues to rise. There are many ways to go about writing as a freelancer. You can work find jobs yourself for blogs, newspapers, magazines, etc. Or, you can go through a service like Textbroker to write articles on specific subjects. If you are a solid writer, this is a great option with lots of potential.

Flip Cars

This is kind of an interesting idea, and one that won’t work for most. But if you are a skilled negotiator and know how to find deals on automobiles, you can buy several cars at a time, fix them up a bit, and resell them for more. If you find the right deals and make enough improvements, this can be very profitable.

Flip Homes

home based business ideas for 2014Similar to the last one, although on a much bigger scale. This idea has fixated people ever since it was popularized in several TV shows. If you know how to find a deal, and can make some solid upgrades, flipping a home for profit is more than possible.

Freelance SEO

This one is a rarity, but if you are skilled at SEO, or are starting to get there, it can be an extremely valuable skill. Businesses need search engine optimization services today more than ever, and will gladly pay $1000 or more per month to keep their sites on top of Google rankings. Doing so gives them a solid return on investment. Getting good at SEO is hard, and it is an extremely risky and volatile industry. But if you can build up a solid portfolio of clients, this is one of the fastest ways to making a very high income from home.

Wood Working

There are a lot of different avenues one could take to make money with this. But if you are skilled with your hands and with power tools, it is more than possible to make a substantial income from wood working. Whether you do full scale carpentry, build cabinets, or make children’s toys, there are many different options, many of which are very lucrative.

Blogging

One of the most popular home based businesses people will attempt this year will be blogging. However, very few will ever succeed. The reality is that blogging is an incredibly difficult thing to break into, requiring lots of writing, making connections, and promotion. However, if you have good ideas, can write killer content, and are willing to work all day promoting that content, it is more than possible to build up a blog (or podcast, or video blog) around a topic of your choice that can make a livable (or even more than that) income. Just know that it is a very competitive industry that few succeed in.

Freelance Web Design

While it isn’t as profitable as freelance SEO work, freelance web design is much easier to break into, isn’t nearly as risky, and can still provide an incredible income. The reality is that businesses always are in need of new website designs and/or fixing of web problems, and if you can do that for them they will gladly pay you a substantial fee.

There are many home based businesses that can be profitable in 2014. I’ve given you some great ideas. If none of them resonated with you, then do some more research and soul searching. However, remember that an idea is just that until you take action. Turn you business idea into a business, and get going down the road to profit!


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