Misc | 12-08-2020 | Amy Collet
Working from home has become trendier over the years, and for a good reason. Starting a company without leaving the house is easy, lucrative, and can change your career path completely. Whether you want to start a company or work as a solopreneur, here’s how to start a home-based business you can be proud of.
Put Your Talents to Work
Whatever your innate abilities (or degree status), you can use your skills to start a business independently. Building up a reputation—and a solid portfolio—helps more than a degree, however. Consider your talents and how you can monetize them to start blazing a new career trail.
Some potentially profitable niches include:
● Web design
● Graphic design
● Data entry
● Video editing
Of course, before you start sending out contracts, it makes sense to establish your business structure—legally. You can form an LLC—a limited liability corporation—to take advantage of tax breaks, reduce your professional liability, and maintain a more flexible business structure. Many states have specific rules on LLC formation, though, so check to see what yours requires before forging ahead.
Creating a website for your business is another must. You can connect with Top Web Development Companies that can handle designing and building a high-performance site. From there, you’ll need to build your brand and attract clients.
Source Quality Clients
Marketing to your ideal audience is how you’ll source customers or clients. But how do you do that? Start by outlining who your ideal customer is. Creating a customer profile can help you decide on a specific niche and offer a customized service or product to your perfect client.
Then, you’ll develop a marketing strategy to draw in your ideal consumer. Every small business needs a marketing plan—but you can also hire out help if necessary. Your strategy can include everything from encouraging social media engagement to paying for per-click ads.
Another common marketing technique is using a sales funnel to achieve a specific customer action, per The Daily Egg. Looking at your sales funnel can help you tweak your process to ensure better results—and more high-paying customers.
Use the Right Tools
Working from home requires more than a strong internet and knowledge of technology. Depending on your business model, your needs may vary widely. But most professionals find that a range of home-based business tools help them keep on top of their responsibilities.
Think about elements like:
● Accounting software such as QuickBooks
● Communication apps like Slack, Skype, or Zoom
● Google Drive—including word processing, spreadsheet, and document sharing capabilities
● Editing elements such as Grammarly or the Hemingway App
Running your business also requires getting organized. The Balance recommends organizational strategies like keeping paperwork in check, using the right tools for your business model, and streamlining your computer for work-related tasks.
Focus on Productivity
Productivity sounds a lot like a buzzword, but it can encompass all the things you do to save time and, therefore, money. Staying productive starts with having a proper workspace where you can focus on the task at hand.
Regular office hours—breaks included—can help you get in the right mindset for your workday. Breaking tasks down can help you get more done, too.
Another aspect of productivity is outsourcing. If you’re wasting time completing mundane tasks, FreshBooks suggests you consider outsourcing so you can focus on the parts of the business that matter.
Tools can be another source of support when focusing on productivity. Learning a new platform or tool takes a bit of time, but if it streamlines your day-to-day work, it’s well worth the effort.
Venturing out on your own can feel intimidating—even if you’re starting a home-based business. But whether it’s consultancy, a new company, or freelancing with a specific skill, there are plenty of rewards to working for yourself. Utilizing your unique talents, sourcing high-quality clients, and adopting the right tech and tools will help your new venture get off the ground.