Starting a home business is the best way to make money from home. Here we have 6 home business ideas with low startup costs for you to get started right away.
Numbers say about 1 in 5 U.S moms and dads is a stay-at-home parent.
A lot of people have to find work to do from home for many different reasons. Sometimes they have to stay at home to take care of their family, or there can be medical reasons to stay at home, and there can be tired people who need financial support.
So, whatever your reason to find a work to do from home, here we have created a list of the best home based business ideas that you can start with a low startup cost.
How to start a business without any money?
Yes, it is a valid question that a lot of people message and ask me. Well, to be honest, you need money to start a business. But, don’t worry. There are other ways to make money online to build your capital to start a business.
When I started, I had nothing but an internet connection and a laptop. I hustled for nearly two years. I did freelancing, I worked as a virtual assistant for a local hotel to maintain their booking site, and I wrote blog posts for money. Those are proven ways to make money online without any initial investments.
So, I did work my ass off for two years, I barely slept, woke up around 2 am every day until I made enough money to start an online business.
The best home based business ideas with low startup costs
Since now you know how to make money to start a business, let us move on and see what the best home based business ideas are.
Home based business ideas with low startup costs
- Start a dropshipping store
- Sell t-shirts online
- Start selling makeup online
- Start designing and selling phone cases online
- Start selling homemade products
- Sell socks online
Do you know why I call these as the best home based business ideas? Well, I have firsthand experience running these particular businesses, so I know that they really work.
1. Start a dropshipping store
The easiest home business, with the lowest possible startup cost, is to start an online dropshipping store.
If you don’t know what is dropshipping, first take a look at this guide about dropshipping. You will find everything you need to know about starting a dropshipping store from there.
Dropshipping is a retail fulfillment method, where you just need to run an online storefront. When you get an order, you can ask your supplier to ship that order directly to your customer. So, you don’t need to pre-purchase, store or handle shipping for the products you sell. Cool isn’t it!
Thousands of sellers are using dropshipping to sell products online. Almost all these small online stores use dropshipping, and there are many sellers on Amazon/ eBay use dropshipping.
Because of its unique business model, you can lower the startup costs for a dropshipping business. For example, if you start a physical brick and motor store, you need to buy a large stock of products to sell at the beginning. But, in dropshipping since your supplier is directly shipping the products from their warehouse, you don’t need to spend money to buy your own inventory.
2. Sell t-shirts online
Selling t-shirts online is another excellent way to start a home business with low startup costs.
As we have discussed earlier, you can use dropshipping to sell t-shirts from wholesale suppliers. Or, you can use print-on-demand services to add your custom designs on the t-shirts and sell them as unique products.
If interested, take a look at this startup guide about starting an online t-shirt business.
Either way, I know that you can make money from this home business. Selling t-shirts online is comparatively easier than a lot of other products. T-shirts don’t weight much, and you can pack them in smaller packages. So, the shipping costs of the t-shirts are incredibly cheap. This will help you to add “Free shipping” option to attract more customers.
Also, t-shirts can be used as visual triggers. This means you can run successful marketing campaigns on Facebook and Instagram to trigger the impulse buyers. Running a marketing campaign on social media is extremely easy, cheap effective compared to the other methods.
3. Start selling make-up online
Selling make-up is another excellent way to get your hands on e-commerce. You can either use dropshipping to source your products or use homemade makeup products to sell.
Also, you can find many dropshipping suppliers who sell white label make-up products. By using the white label (or private label) products, you can create your own brand of make-up products.
Here is your full beginner’s guide to starting selling makeup online.
Do you know that Kyle Jenner became the youngest billionaire? And, most of her income came from her makeup business. I am not suggesting that you should beat that record. But, it can be a good inspiration for you.
4. Start designing and selling phone cases online
Man, I love this business. Most of my income is generated through my online phone case store. There is plenty of room in this market, and you must start your phone case business right now.
Same as for the t-shirt business, you can easily find wholesale suppliers to source phone cases. Also, you can use print-on-demand services to print your custom designs on phone cases and sell them online.
Phone cases are super cheap to ship. They are smaller in size and have a very low weight. So, your shipping costs are negligible. You can easily run an ad campaign on Facebook offering the free shipping option, and that can trigger the impulse buyers.
Interested in starting a phone case business as a home business? Here is my personal favorite guide about starting a phone case business.
5. Start selling homemade products
There is an improvement in the market from homemade or DIY products. Especially the products like bath bombs, soaps, knitted items, etc. are catching up really well.
The only guideline you need for your homemade product business is, do not follow the marketing of mass-produced products.
Also, keep focusing on your branding. Unlike dropshipping, here you can do a lot about branding. Branding can help you to improve the prices of your products.
5. Sell socks online
Selling socks is one of my very first online businesses. I have used wholesale suppliers to source the socks and sold them on eBay.
Additional Reading: How to start selling on eBay
Check out this video for your inspiration about starting a sock business. It gives one important marketing lesson for us too.
Did you get your inspiration to start a sock business? Great! Check out this full guide about stating your own sock business online.
Now, what was the marketing lesson you got from that video? It clearly teaches us that you need a “face” for your business. This “face” can be your unique selling proposition. There is massive competition in the market. So, you need something unique to stand above the others.
Starting a home business with a low startup cost
Starting a home business is a great and effective way to make money while staying at home. If you are stay-at-home parents, you can explore some of the business ideas we have given here and pick something that matches you.
I have already tried these businesses, and I know that they really work. But, this doesn’t mean it works no matter what. Starting a home business can be easy. But, running it successfully is the hardest part. It requires hard and smart work to make it happen.
In this article, I have given you some suggestions and ideas to start a home business. Research more on Google, and find out more possibilities. You don’t need to pay for any courses to learn how to start a business. There are so many valuable learning materials available online for free.
Join an online community (e.g., on Facebook) related to your startup idea. You can find a lot of like-minded people, and you can gain and share knowledge about running a business.
Extra reading: How to become an entrepreneur?
There can be many reasons for you to stay at home. But, that doesn’t mean you don’t need money. So, starting a home business can be the best way for you to gain your financial freedom while staying at home.