Published on April 2nd, 2019 | by Sunit Nandi0
4 Small Home-Based Business Trends With Great Promise Long Into the Future
Today, owning your own business is the way to go. The question many people ask is, “What is the best home-based business with strong promise long into the future?”
This concern is quite understandable. After all, a lot of time and money goes into creating and maintaining any small business, home-based or not.
Below is a list of five small home-based business trends that will continue to viable long into the future.
Starting in the late 1800s, the first electricians were inventors who often competed against each other in creating electronic devices and displaying them at various world fairs.
According to Career Trend, inventors capable of quickly and efficiently designing and building such devices could profit a lot from their huge demand. The electrician profession was born during this era.
With that said, the electrician sector has been around for nearly 130 years but it doesn’t seem to be dying out any time soon. If anything, this sector is booming more than at any other time in its history.
Here Is What’s Needed to Start a Home-Based Electrician Business
If you want to work as an electrician or own a business involving electrician work, the first thing you need to get licensed is a degree in the said field. The good news is, there are plenty of online electrical courses available.
If you already have a degree as an electrician, then you’re nearly ready to start your own home-based electrician business. However, you’ll need to obtain some licensing and bonding as well. This fact remains whether you’re operating in Australia, the UK, or in the United States.
2. Blog Consultant
Everyone wants to write a blog these days. There is a lot of money in blog writing, so it’s understandable why so many want-to-be writers are becoming bloggers. According to Millennial Money, it’s “easy” to make $500 to $2,000 per month.
According to Impact BND, “Just over half (51%) of business owners report that content management is “very important” or “absolutely critical” to creating a cohesive buyer journey.”
Additionally, “B2B marketers (75%) are more likely to use blogs in their social media content than B2C (61%).”
With so much money to be made on the Internet, many people want to try their hand at blogging. However, the problem is, they have no idea how to get started or how to market their blog, among many other things.
If being a blog consultant is something that grabs your interest, it’s probably a good idea that you have your own successful blog showing that you know what you’re talking about.
Nevertheless, you don’t need to be super successful.
As a matter of fact, the only thing you need to do is hire an SEO company to help give your blog a boost before your blog consulting business goes live.
SEO specialists can not only help boost your blog’s performance but you can learn a few of their tricks as well. You can later apply these tips and tricks to your consultancy business.
3. Data Entry
We now live in a data-driven society. Companies and governmental organizations alike are looking to gather as much data as possible. Even though a lot of data is collected through Artificial Intelligence (AI), people also expect a human element.
Furthermore, some data (such as handwritten documents) needs to be manually entered. Many companies and other organizations either haven’t started or had just begun their data migration from paper to digital. Such things need a human touch.
For those who are worried about AI taking their business, there is no need to worry. According to Analytics India Mag, “Contrary to what some people may think, the automation of data entry tasks isn’t a far-fetched idea of the future.
“In one case, a computer programmer with the username Etherable got hired by a company and found the work was very boring and based on data entry. This employee has a work-from-home job and was able to automate the whole workload after about a year,” the article explained.
So, automation doesn’t have to be a bad thing when it comes to data entry.
3. Freelance PR Specialist
Public relations consultants are key to a company maintaining its public image. This business is a highly respectable and well-reputed business to have and has huge profit possibilities. Despite the great pay, it’s one of the few freelancing jobs that can be done 100 percent in the comfort of your own home.
In addition to that, it doesn’t require any specific education requirements; the only thing you need is a great personality and good communication skills. This is one career where a freelancer can actually earn more than their corporate counterparts.
4. Digital Video Production
According to MDG Advertising, “After years of being seen as an emerging tactic, video marketing has firmly made it to the mainstream. Some 81% of businesses say they now use digital video as a marketing tool and 99% of those that use it plans to continue to do so in the future.”
Some of the digital marketing styles brands are using today include Ephemeral Stories (most often than not presented in social media content format), videos optimized for no sound (since sound annoys a lot of users), videos better optimized for search engines to index, increase platform-specific targeting, among many other things.
With technology the way it is today, it’s easy to get involved in many things once impossible for anyone except those with tons of money. One of those things is digital video production. A lot of companies are looking to create ad content and need talented digital video producers who can get the job done.
For a better understanding of digital video, the New World Encyclopedia offers a great article that explains its history and much more. This article covers things such as technical overview, advantages, applications, interfaces and cables, storage formats, among other things.
If you’re worried about the startup cash for this kind of home-based, freelance business, don’t worry. If you buy a decent video camera (including additional equipment such as lights and a professional lens or two) and video editing software, it shouldn’t run you any more than $2,000 to $3,000. Not bad for a small home-based business.