As much as the coronavirus pandemic has upended our lives, it’s confirmed one important fact about business.
Working from home can be very profitable.
Changing Attitudes to Working from Home
Home working was once thought of as the “lazy” option, or the setting for many dodgy-sounding schemes. Do you remember those mysterious, dog-eared ‘Make Money from Home’ posters that graced the trees and lampposts years ago?
With the advent of technology, changing attitudes – and unprecedented world events – it’s been firmly established that good money can be made, right from your kitchen table.
The Office for National Statistics reported in June 2020, that a whopping 49% of the UK workforce are doing some or all of their jobs from home.
Virus or no virus, businesses large and small now hire home-workers. This includes freelancers, solo-preneurs, sole traders. While the vast majority of micro businesses and side-hustles are operated from home.
A side-hustle can be a fantastic way to test out your amazing business idea. You can give your ideas a go before taking the plunge of running a full-time business.
Home is Where the Heart Is, It’s Also Where the Money Is!
Now could be a very good time to make money working from home with a home-based business or side-hustle.
It’s all about taking your skills and your ideas, and making them work for you.
Many services can be performed from home. In fact, the list is almost endless! For example, a graphic designer doesn’t necessarily need a fancy studio, just a laptop, software, and some creative imagination.
The same goes for jobs like copywriting, executive diary-organising, accountancy, events management, coaching, nutritional advice and counselling.
You can record, and sell, fitness classes, workshops, or therapy sessions, using online meeting tools like Zoom.
And, don’t worry if you want to go into retail and sell products from home – even if space is limited.
With the growth of Drop Shipping as a retail product fulfilment option, you can have the joy (and profit) from an online shop without the need to find space for the goods you are selling.
So, What is Drop Shipping and How Will It Enable Me to Make Money from Home?
Definition: Drop Shipping is a retail fulfilment process. The retailer doesn’t keep the products they sell in stock. Instead, when the shop sells a product using this model, the product is supplied directly to the customer by a stock-holding third party. This means the retailer doesn’t have to handle the product directly.
This is a massive advantage for those business owners – or would-be business owners – who are considering how to make money from home.
The seller doesn’t own stock. Instead, they purchase goods as needed from a third party (usually a wholesaler or manufacturer) who fulfils the orders.
If you want to know more, one of the most interesting blogs I have read recently on the Shopify blog is 12 Trending Products to Sell in 2020 (And Ideas for How to Market Them)
How to Make Money Working from Home by Turning Your Home into a Business
If you haven’t got a product or a service to sell, or you can’t think of anything you could do from home, then you can think about how you can make money working from home by turning your home into a business.
How?
Think of businesses like Airbnb, which rely on people using their homes to make money by renting them out on a short-term basis.
You could think about renting out a spare room as a way to make some extra cash. Maybe you can rent out unused space, such as a garage or a shed, to someone who has a vehicle or equipment to store safely.
What about TV and Film? If you’ve got a large or unusual home, you could even think about listing it as a filming location.
(Just make sure you check with your mortgage or home insurance company before you begin!)
If you haven’t got space to rent, other options include trawling your home for unused or unwanted items to sell on sites like eBay, Amazon, Shpock, Gumtree, Vinted or Facebook Marketplace.
There’s an online marketplace for just about everything, from read books and out-of-date electronics, to your old wedding dress!
Your Next Step to Discover How to Make Money Working from Home
If you are unsure about how you can make money working from home, I can help you transform your brilliant ideas into a profitable business.
Why not book a complimentary Breakthrough Session to find out more?