Most successful small business ideas serve a relevant and urgent need or want in the marketplace so it only stands to reason that finding the best home based business ideasshould start with the same criteria. Basically just eliminate the small business start up ideas that require a store front or warehouse space you would need to own yourself. Some of the best home based businesses do utilize a warehouse but utilize the drop-shipping model instead. But many profitable businesses operated from the home don’t use a warehouse and some don’t even have a tangible product.
Now a days you can develop a high profit business model that has low expenses and is operated as a home based business just by selling or referring non-tangible products. Some of the small business ideas include:
- Consulting Services
- Direct Sales
- Web Design
- Search Engine Optimisation
- Internet Marketing Services
- Content Writing
- Affiliate Marketing
- Web Publishing
Many of the most successful home based businesses are a combination of a few or even several of the above and marketing can make this possible today with the Internet. There are several elements that can increase the viability of your home based business and here are a few of the components of a good small business idea that might make a great home based business idea in 2011:
- Large Scale Business Ideas (Geographically Speaking)
- Tight Niche Business Ideas
- Advice or Teaching Business Ideas
- Business Ideas That Deal with a Quickly Innovating Industry
These points make good online home business ideas for obvious reasons. For example, with a web publishing business you could bring in more interest, customers and money if you can reach a wider audience in the market place and general, but highly searched, products and services is a great place to start.
Industries that innovate quickly usually bring in a large audience looking to stay up to speed and the Internet is great way to provide information, answers and techniques in these innovative fields. Just think if you were to own a popular “smart phone” website today that you started when the idea first arose…. See the point?
These are a few small business ideas and components that come together to create a successful online home business, do you have more ideas or tips? Please share them with us in the comments.