Why I Started An Online Business From Home.
It is no secret that in the current economic climate, we are feeling the pressure of the rising cost of living. Many women are facing the challenge of balancing a demanding job AND home life, yet still face the need to generate additional income.
In 2020, my family and I moved countries. We were starting from scratch in a new country and although we were gainfully employed, we were catching up on a lifetime of savings. With looming university fees and travel plans to visit family, I needed to find another income stream.
This was why I chose to find viable ways to generate additional income online on a part-time basis alongside my job. I was determined to have more freedom and to create a life of meaning, purpose, and financial security for my family.
I knew nothing about online business, so actively sought out ethical business ideas. I came across a training resource, where the founder introduced the ideas of different business models and the concept of generating multiple streams of income online in an automated way that can work for you all day long! Wow.
So grateful to have found an authentic viewpoint and revelational information, I am eager to share this framework with other moms seeking out business solutions. Come and learn more about this approach to business in a free four-part video series. It may just change your life forever.
Remember..... You do things the right way and so you are seeking out ethical business ideas because you believe in adding value and being your authentic self.
And being the resourceful and resilient woman that you are, you are jolly determined to find a way to build something incredible that you can be proud of which over time can grow into a thriving business!
1. Online Tutoring
- Creating your own content or course based on a skill or passion that you can bring to the market.
- Product: Real-time courses hosted online.
- Low startup cost.
- Time required to prepare and create course content.
- Selling time for money.
- You are the face of the business.
- Working directly with people.
2. Course Creation
- Creating your own content or course based on a skill or passion that you can bring to the market.
- Product: Digital products (video series / written content).
- Low startup cost.
- Longer launch time required to prepare and create course content.
- Highly scalable.
- You are the face of the business.
- Learn more about the power of selling digital content in this free video series.
3. Social Media Management
- Managing the social media advertising and content for other businesses.
- Providing a service.
- Low startup cost.
- Can start trading immediately.
- Selling time for money.
- You are the face of the business.
- Fun, creative and collaborative.
- Working directly with people.
4. Dropshipping
- Selling physical products to the end consumer from your storefront, but without owning the stock or buying it upfront.
- The consumer purchases the item from your store and the order is then packed and fulfilled by the supplier.
- The difference between the selling price and the cost of the goods, fees and fulfilment is your profit.
- Product: physical goods.
- Fairly low startup costs as you are not buying stock.
- There are other costs such as setting up your store and for integrations with the print-on-demand supplier and for advertising.
- Longer launch time: Requires time to choose a niche and products and find a suitable supplier. You then need to set up a storefront and advertising.
- Highly scalable.
- You are not the face of the business. You can remain in the background.
5. Print-on-Demand Business
- Selling merchandise with your own designs to the end consumer from your storefront, but without carrying the stock or buying it upfront.
- The end consumer purchases the item from your store and the design per the order is then printed onto the merchandise, packed and shipped to the customer by the print-on-demand supplier.
- Printify and Printful are two popular examples of POD suppliers.
- Storefront examples that can be used are Shopify and Etsy.
- Fairly low startup costs as you do not have to carry the inventory, so there are no large upfront costs for stock and no risk of having inventory that does not sell.
- Launch time would be required to set up your storefront and integrations with the print-on-demand supplier.
- Ongoing design requirement.
- Ideal for creatives but not a requirement as the designs can be outsourced to designers.
- Highly scalable.
- You are not the face of the business. You can remain in the background.
- Fun and creative.
6. Etsy Store (Handmade Goods or Digital Products)
- Selling your own products on Etsy.
- Creating handmade goods or digital products.
- Popular choice for creatives wanting to monetise their unique craft.
- Etsy is an online marketplace focused mainly on handmade, unique or vintage items and provides access to thousands of buyers.
- Depending on your store, you can either be the face of your business or you can remain in the background.
7. Affiliate Marketing
- Marketing products or services for other businesses, for which you are paid a commission if customers purchase the product or service you are advertising.
- Low startup costs. Costs for marketing tools.
- Launch time is short. Requires finding the product to market and the setup of your marketing tools.
- Highly scalable.
- Depending on your marketing strategy you may or may not be the face of the business. This is all up to personal preference.
- To learn more about the power of affiliate marketing, see our video series.
8. Blogging and Niche Websites
- Writing helpful articles or blogs on topics hosted on a website specific to a niche.
- Passive income is generated from display ads and affiliate links.
- Further income options are selling digital products or online courses.
- If you become a trusted voice in the niche, brands may approach you to write sponsored blogs.
- Low startup cost.
- A long term growth option while your blog gains popularity, especially if relying on organic traffic and not paid advertising. Paid advertising can increase the growth rate.
- Scalable potential depending on the popularity of the blog, and income stream strategies you use.
- You are the face of the business.
9. Freelance Writing or Editing
- Offering freelance writing or editing services.
- You can advertise and network independently, or join platforms such as Upwork and Fiverr where customers shop for these services.
- Selling time for money.
- Little to no startup cost.
- You are the face of the business.
10. Virtual Assistant Services
-
- Providing various administrative services virtually.
- Tasks may include making travel arrangements, managing appointments, managing email accounts, making phone calls and may even include bookkeeping and social media services.
- Selling time for money.
- Scalable options would be to start an agency.
- Little to no startup cost.
- You are the face of the business (unless you start an agency).
Which Online Business Idea Is Right for You?
Thousands of women enjoy success online in so many different business models and niches. It comes down to finding the model that suits your skillset and interests and what passion or service you want to bring to the market. Choose the business that resonates with you and bring your unique offering to the world. If you come to serve you will be passionate about your business and that passion will keep you moving forward. Points to keep in mind:
- Skillset
- Passions and Interests
- Resources
- Time Availability
- Scalability
- Initial Investment
To learn more about online business models that can generate income on auto-pilot and generate multiple streams of income sign up for our free video series. Link further below.
Essential Tech Tools To Get Started
- Decide on your preferred business model.
- Laptop and internet connection.
- Identify the necessary online tools depending on the business model, such as:
- Website. Website builders (e.g. WordPress, Wix, Squarespace, GoDaddy)
- Email Marketing tools (e.g. Mailchimp, Aweber)
- Ecommerce Platforms (e.g. Woocommerce, Shopify)
- Etsy account
- Print-on-Demand account (e.g. Printify, Printful)
- Social media account (e.g. Facebook, Instagram)
The Power of Marketing Online
No matter the business model, an online business is only of value to us if we are able to sell our offering.
This leads us to the critical skill of online marketing. No matter the business model, the key to the success of any business is the ability to introduce your offering to your target audience in a way they relate to and meet their need or solve their problem.
The power of authority marketing harnesses a proven strategy to automate selling online to any target audience anywhere in the world, enabling you to make more money in less time. This truly is the golden nugget to having flexibility and generating income 24 hours a day.
You can learn more about the system of authority marketing and how it is empowering moms across the globe to run an online business from anywhere and generate multiple streams of income on autopilot.
Conclusion
We know that having our own business provides financial relief and flexibility while creating a sense of personal achievement. The rising trend in online businesses owned by women is indicative of the host of opportunities that the online world offers and proof that it works!
It is incredibly exciting but can also be overwhelming to start your own business. That is why I recommend being intentional about your journey. Find a mentor or a community where you can work alongside fellow entrepreneurs. Building a business requires consistency and you do not want to be fumbling around on a whim. I have found the resources in the online business training to be incredible. There are various tiers of resources to fit your needs and budget and a community of like-minded entrepreneurs to share the load. This was where I started my journey, in this very same free video series which shares valuable insights into a proven framework for launching a successful online business.
Take the step today, make the change you need to be the person you need to be to achieve that dream of building your own online business.