Home-Based Business Ideas That Really Pay
Posted: May 13, 2019
Self-employment is a more attractive prospect for a growing number of people. Working from home offers more flexibility and perks than working in a company does. From having the opportunity to choose your own clients and projects, to choose when and how you work, these are attractive aspects for US employees.
According to some recent data, more than 3.5 million people in the US were self-employed in 2018. 90% of Americans have thought at some point during the past 12 months about working from home. The economy is changing, employers are also changing their attitude, and employees dislike indecisiveness and the lack of control they have over their careers. Once a rare occurrence, today working from home can generate high profits, while offering all the perks employees can’t find in their employer companies.
Below is a short list of home-based business ideas that really pay.Start a Blog
Blogging is an incredible business idea even on its own. But specialists recommend to use it in the beginning to supplement your income. Use this strategy until you gain more readers and then you can turn it into a full-time job. Specialists estimate that by 2020, there will be more than 31 million bloggers worldwide.
To face the competition and make the most of your slice of the web, you should be careful about what type of content you create. With so many blogs out there, you want to ensure that yours offers informative and researched content. You want to keep your audience engaged and entertained. Readers today engage with those publications that offer accurate and helpful information. After all, there are plenty of poorly-written blogs to add yours to the pile.
Statistically speaking, there are few bloggers that make more than 100 bucks monthly. But they are not as determined or savvy as you are! You can make thousands by dealing with the matter like a pro!
You can make money by using several strategies.
- Ads, like Google AdSense;
- Charging subscription fees or membership fees;
- Selling products and services;
- Hosting sponsored posts;
- Affiliate marketing.
If you are an interesting, thoughtful person who can offer a new perspective on a series of topics, this is the home-based business you’re searching for!Affiliate Marketing
We mentioned previously that you can use affiliate marketing to make money off your blog. In fact, this business idea is one of the few ones that can really pay way above your expectations. Use your blog as a publisher to promote the deals and offerings advertisers have for you. Generally, marketers are eager to find channels where to publish their content and publish affiliate links. But there are other several strategies they can use as well. Promo codes and discount links are common practices in the industry.
When consumers click on your links and end up buying the advertised products, you get a percentage of the profits. When done properly, affiliate marketing can be a tremendously profitable business. Several popular earning models are described below.
- Cost per acquisition – you will get paid for each sale.
- Cost per click or cost per lead – your income will depend on the number of people who click on the link you publish.
- Fixed costs – you get paid a certain rate for each time you promote a product or post a link.
To become successful and make some generous profits of affiliate marketing, you have to have a strong follower base. But you can start small and work your way up if you have one of the following.
- Blog or website;
- One or more social media accounts;
- You have a podcast;
- You have your own YouTube Channel.
There are several affiliate marketing networks you can use to find projects in the beginning. After you activate for a while as a professional, advertisers will come to find you.Forex Trading
You might have wondered before if Forex Trading can make you rich. And while many will offer you a definite NO, we beg to differ. Learn how to do it like the pros and find reliable Forex brokers and you will thrive. Use platforms like the Fx-List to compare brokers and perks offered.
Of course, forex trading is not a smooth and straightforward process. You have to make mistakes and lose some money in the beginning to get a solid grasp on currency trading. But it largely depends on the quality and reliability of the broker you find. Reliable brokers will offer you more than a safe medium where to trade currencies. They will offer educational resources and currency trading modules to help you in the initial steps of your journey.
A good forex broker will have some of the following qualities.
- Is regulated by adequate bodies. This will help you solve any sort of dispute with them easier and smoother.
- It has positive reviews.
- It is used by a large number of investors.
- It offers demo accounts.
- Has 24/7 customer support services.
If a broker seems too good to be true, they probably are. Do your research before settling for one broker or another.Online Surveys
Companies rely on market research to design new products and services. As a result, they are usually searching for people to take surveys online. And let us tell you, they sometimes pay really well. While you can’t make a daily job of online surveys, you can supplement your income with these.
Also, be careful. Not all websites claiming to pay for online surveys are that reliable. You might end up spending time unnecessarily and never seeing your money. Agencies pay from a few cents to a few dollars per survey. If you are a college student or a stay-at-home mom, this is good money. But like we said: you can’t rely on the income brought by online surveys to live a decent life.
You can find similar jobs by browsing specialized websites and seeing if your demographics fit the description of the survey. Before starting any sort of online survey, check and see how much the website will pay you. You want to have your pay expectations met, in the end.
Cynthia Madison is a young blogger and economics and marketing graduate. She writes about home, lifestyle and family topics and is a senior contributor to popular niche publications.