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Business motivation

Business From Home: 4 Ideas to Kickstart Your Home-Based Business

 

What could be more tempting than being the entrepreneur you always wanted to be and running the business in the comfort of your own home? Home-based businesses have not only helped professionals follow their passion and be their own boss, they have also served an even greater purpose – the purpose of making the women of India financially independent and stronger than ever!

With the help of this article, we are here to especially support the brilliant minds that have the passion, zeal, and zest to initiate a home-based start-up, but are faced with various inhibitions and constraints such as being a homemaker, inability to finance an office space, etc.

 

Personal Protective Equipment

Some samaritans started making these medical gear when our healthcare professionals, frontline warriors, and the common people were struggling with the shortage of masks and gloves amid the coronavirus pandemic. We eventually witnessed many people starting the business from home where they made the Personal Protective Equipment (PPE) and provided them to the needy. This movement not only helped the nation cope with the shortage but also helped many small entrepreneurs establish themselves and become independent.

 

Online Seller

The list of home-based businesses would always look incomplete if it doesn’t mention online business. Becoming an online seller on e-commerce platforms, such as eBay, has always been topping the list because of its viable nature. However, becoming an online seller requires you to stay on your toes always as customer satisfaction is what this business is all about. If you falter, the negative ratings start to pour in, tarnishing the image of your business. Nevertheless, if you are completely aware of the terms and conditions along with the refund policies, you will be successful despite the cut-throat competition in the market.

 

Digital Marketer

It wasn’t long ago that businesses were not that familiar with the concept and importance of digital marketing. However, with time, this field of marketing has prospered and how! It is not considered wise if a business doesn’t prefer digital marketing to promote and grow in today’s day and age. This global pandemic has taught us the importance of going digital and it is only a matter of time before digital marketing dominates the entrepreneurial world. Considering the immense and great money, it would only be wise to opt for this idea as it could be executed while staying home.

 

Graphic Designer

Now that the businesses rely heavily on digital marketing, the demand for eye-catchy graphics has emerged as the need of the hour. Corporations are ready to pay generous money to graphic designers who have the potential to deliver some great quality content that could help them promote their brand over digital media. If you have the right talent and an eye for appealing visuals, you could make a business out of it. Added to that, it doesn’t take you more than a laptop to kickstart the process. What more could you ask for?

 

No matter what your objective is, there is something for everyone. It doesn’t matter if you just want to focus on a business that brings you some good amount of money or just a business that supports your passion as well as helps you make decent money, you will be able to find something to do. There are n number of options available around you but figuring out the one for you becomes the actual challenge. However, if you have a clear vision and a goal to achieve, nothing will be able to stop you from reaching for the stars.

 

 

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Business motivation

Start Business from Home With These Essential Steps

When time is harder, you get toughest. Amid this pandemic, when you think everything is difficult to catch up with, you need to find a solution. The pandemic has forced lots of small businesses to shut down and as per The Centre For Monitoring Indian Economy (CMIE), at least 5 million salaried people lost jobs in India in July 2020. The situation is grim, but at the same time, presents an opportunity for people to look at becoming entrepreneurs from home.

We bring you some ideas or ways for starting a business, being at home when everything is closed. Big businesses were not born overnight. Someone had an idea, concept, and worked on it. Here are some steps you need to keep in mind when planning to Start Business at Home –

  1. Assess Your Business Idea
    Start brainstorming your ideas or anything you believe you can be work on being at home only. One requires to have an idea before beginning anything. With various business options possible, you need to focus on one, which matches your skill.
  2. Consider Your Skills With Training
    Nobody is born without skill or talent. So pick something that you think you have an expertise in and start with what you have proper knowledge of. You can try some specialized courses also if need be. Additional skills will always help you improve your business.
  3. Write Down Your Project Report
    Your project report will define how well you have done your homework. The more uniqueness you offer, the faster you will be on the path of success. Study the markets well, be it domestic or international market, as per your business idea. Write down your report based on research, which may include a revenue model with cost and sales price, taxes, delivery charges, etc.
  4. Source of Funding
    The funds play a major role in any business, but small businesses or start-ups are either self-financed or acquired from friends and family. Therefore, you need to be careful with your finances as you need to keep your business running until you start earning profit. With this, you should have one backup for the funding source if something goes wrong.
  5. Fix Your Work Location
    As a small business, you need to own a small workplace, small shop, or an office. This is an essential aspect of your business because you require to register your business as you will receive a permit from the registration office for running your business, and this permission will help you get power and water permits.
  6. Registering Your Business
    Thanks to new direct instructions given by Prime Minister Narendra Modi, the Ministry of Corporate Affairs, you only need one working day for registering your business. Now the option of registering is available online and every necessary information is on the website.
  7. Launch a website
    In today’s time, owning a website plays a major part in any business for providing information on the products and business. It is a significant step for building a business and building trust among your target audience. There’re many websites that guide you and help you build your website.

These are seven simple yet essential steps to keep in mind for starting a small business while being home during these tough times.