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3 Great Home-Based Businesses for Entrepreneurial-Minded Individuals


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If you have the mind of an entrepreneur, you are hardwired to succeed. There is no reason for you to work for someone else when you can build your own business, but you might be unsure of where to start. Starting your own business is always risky, and it always includes some sort of start-up expense, which can be a major challenge for someone who has bills to pay and a family to take care of. However, there are businesses that you can start without spending a lot of money, and you can build your business right at home. 

3 Great Home-Based Businesses for Entrepreneurial-Minded Individuals

Many people have tried and failed when it comes to starting their own business, but those who know how to think like an entrepreneur are more likely to succeed than those who think that owning a work-from-home business is just an easy way to make money without doing any work. If you are willing to put forth the time, effort and dedication, you can truly succeed at owning your own business and working from home.

Although you can surely succeed at nearly anything if you put your mind to it, there are some work-from-home businesses that are better options for entrepreneurs than others. The best options are businesses that do not require a lot of start-up money or a major risk, but that can turn into a nice successful and profitable venture over time.

Internet Marketing

There is a reason why there are so many Internet gurus out there who claim to be rich. Although there are certainly tons of scams out there, many people are making a lot of money from Internet marketing, and you can be one of these people if you set your mind to it.

Internet marketing can vary from building your own marketing firm and promoting websites for other people and for business owners to marketing your own websites and making money off of advertisements and affiliate links. Although there is a lot of competition in this field, there is also a lot of room to succeed, and you won't have to invest a lot of money to get started.

Online Merchandising

More and more people are beginning to purchase things off of the Internet, so there is a huge audience of individuals out there who you can sell various items to online. Starting a home-based business of selling things on auction sites or on your own website or blog is an affordable and flexible alternative to opening your own retail store. Not only will you have the flexibility of working from home and setting your own hours, but you will not have to worry about the start-up costs that are associating with building or leasing a commercial building, paying employees to help you run your shop and other associated expenses. Because your costs will be much less than a brick and mortar operation, you will be able to turn a profit much more quickly in many situations.

When selling items online, you have two options. You can work with a drop shipping company, meaning that you will not have to invest in a lot of stock or keep it at home. With drop shipping, you simply send your orders to your supplier, and the company will then ship the products directly to your customers. You can also keep your own stock to sell, and you can even sell homemade items. There are a lot of possibilities when it comes to online merchandising.

Freelancing

Freelancing can be the ultimate job for those who likes flexibility and have a marketable talent or skill. Whether you are a talented graphic artist, a wonderful writer or an excellent tutor, you can earn and income offering your services on a freelance basis, and you won't have to worry about keeping specific hours or making major investments.

Mandy Sims is a business executive and guest author at BestMastersDegrees.com, where she contributed to the guide to the Top 20 Value Online MBA Programs.

*by andreascy*