What are the most successful home businesses available today?
At the time of this writing we have the economy in a tailspin because of the coronavirus COVID-19. This is the perfect time to examine how it is possible to start a home based business and some of the best models available for 2020 and beyond.
Affiliate Marketing
Affiliate Marketing is the easiest business to start from home that has a huge income potential. You do not have to have your own product and it is possible to start making commissions very quickly.
How does affiliate marketing work?
You can signup to promote other companies and people that have a product of service to sell and make a ‘cut’ or commission of the sale. Some of the best affiliate networks to find affiliate programs are below.
- Commission Junction
- ShareASale
- Rakuten Affiliate Network
- Clickbank (Digital info products and software)
- Amazon (Independent Program)
Once you find a program to promote you simply need to match it up with a traffic source. There are paid and free options available, and the key to being successful with affiliate marketing is matching the right traffic source with a high converting offer.
The easiest starting point is choosing affiliate programs that are popular with alot of sales…and using a traffic source that is targeted. With tons of affiliate programs available it is possible to find one that you are interested in that can generate alot of income.
E-Commerce
More and more people shop online and the trend will continue as time goes on. Anyone that says starting an e-commerce business is too competitive or saturated isn’t paying attention to the opportunities that are available.
There are many types of e-commerce strategies including starting your own store with a platform like Shopify, to Print on Demand merchandise selling t-shirts and mugs, to starting a brand on Amazon with outsourced products from a wholesaler or another producer directly.
Just like affiliate marketing…much of the success you have with e-commerce has to do with the quality of what you are selling and the targeted traffic that is viewing what you have for sale. Many beginners choose to sell on a large marketplace like Amazon or Etsy that has traffic ready to go.
Make sure to take a look at starting an E-commerce store for a successful home based business.
Digital Product Creation
My final recommendation is to create your own digital product. This can be in the form of an e-book, videos, or a complete course with a combination of both on just about any topic you can imagine.
If you have specialized knowledge on a topic you can create your own course, for example, and charge people to signup for access.
There are different ways to sell your digital course including listing on a marketplace like ClickBank or JVZoo, which has affiliates that are ready to signup and promote the product for you.
The alternative would be to build your course on a platform like Teachable or your own membership site built on WordPress, and then drive your own traffic from Social Media and search engines to get people to signup.
Listing on a big marketplace that has affiliates ready to promote is the quickest and easiest way to get going.
Hopefully the ideas discussed gave you some ideas on starting your own home business. Do some more research and choose the one that interests you the most, for a new opportunity with huge potential.