I didn’t know where did it came from or where I got it from, but ever since I can remember whenever my kindergarten teacher asked me on what I want to become in the future I always answer that I want to be an entrepreneur. I always want to have a home based business of my own, I don’t mind what kind of business I get into. As long as I have a successful business working from home that can rake in a good amount of cash. But as I get older things gotten a lot messier than what I had imagined. I couldn’t find a business to venture into that only requires a low start-up capital.
They say that the best home based business should be something that you are most passionate about and turn it into a profitable revenue stream. But to be able to achieve this, you should find a profitable market. There are many business ideas online and offline. There are, for example, many people that run a successful business dropshipping or selling wholesale on eBay or Amazon. They’ve successfully researched what items are the most profitable to sell on and they’ve worked out a smooth process for streamlining all the manual work of listing, managing transactions and answering queries. Because otherwise you can get overloaded with people baraging you with questions about what you’re selling, whether you’ll post to Timbuktoo and all manner of other questions.
The best ideas for home based businesses are all around you
Most successful businesses did not only come from one person’s brilliant idea. This was highlighted on Entrepreneur.com in a post about successful entrepreneurs that were wise enough to ride with the tide. There’s something we can all learn from this and that you dont necessarily have to reinvent the wheel to be successful.
Look for something that is in the fad, it doesn’t matter if there are already existing products on the market. A perfect example for this is a couple from France who jumped on to the Loom band bandwagon and became millionaires in no time, even though Loom bands were invented in the US four years ago by Cheong Choon Ng. They have since been worn by famous celebrities and personalities, making them the fashion accessory of the moment.
So when finding inspiration for your entrepreneurial home based business, remember that it’s not necessarily who thinks of the idea first but who is the first to seize on the opportunity.