Are you searching for home business opportunities ideas? This article will help you with the list of the best home business opportunities based on current and future trends.
List Of Home Business Opportunities:
1. Pets and Products Services
If you can come up with a product for dogs or cats that you can produce in your home, you’ll have a real champion business opportunity on your hands.
Pet food is one of the most profitable home business opportunities. Total spending on pets in the US reached US$66.75 billion in 2016, a US$6 billion increase over 2015 and Pet food accounted for much of the increase, up more than US$5 billion according to the American Pet Products Association (APPA).
Pet services are also in high demand. Travelers require pet/house sitting services. And people who enjoy owning dogs but don’t always have time to give them proper exercise need dog walks and even dog day care services.
2. Fall Prevention Products – Sales and Service
Falls are the leading cause of fatal injury among elderly American and Canadians. The death rates from falls among older men and women have increase abruptly over the past decade.
Now, if you developed or distributed a product related to helping seniors prevent falls, there is a growing size of profit you’ll gain in its potential market.
In the U.S., ecommerce spend a total of $97.3 billion in the second quarter of 2016 alone, an increase of 4.5 percent from the first quarter of 2016 (U.S. Census Bureau News). Online sales in the United States are expected to reach $523 billion in the next five years, up 56% from $335 billion in 2015, Forrester Research Inc. says. Canadian companies sold more than $136 billion in goods and services online in 2013, up from $122 billion a year earlier, according to Statistics Canada. Clearly more people than ever are shopping online.
Ecommerce is an ideal home business opportunity. One of the main barriers to operating a successful e-commerce business is finding the right product or products to sell, the other is providing the kind of online environment that will make people want to buy from you rather than competitors.
4. In-Home Beauty Services
This home-based business opportunity combines two trends; the insatiable demand for services that make people look and feel younger and better and the growing desire to have those services delivered. Having someone come to your home and cleanse and tone your skin and do your makeup is the height of luxury.
And caring for and making up the face are only two beauty services you could offer to provide; manicures, pedicures, massages and acupuncture could also be provided to people in their homes — or in yours.
5. Business/Life Coach Services
Coaching has been popular for a while now, but this is still a growth industry.
In the last ten years the coaching industry has exploded says MarketPlace; membership of the International Coach Federation has more than tripled. A report by the market research firm IBISWorld at the end of 2014 said coaching is a $1 billion industry in the U.S. alone.
If you have the skills and training necessary, this is a great home-based business opportunity because it can be done remotely as well as in person.
If you don’t have the specialized training or skills needed to start a business you want to start, you can still be a part of it. Find a person with the appropriate training or skills and invest in his or her business.