- Source:
- Flickr
There's no question about it: today's market is tough. Starting up a business at the best of times can be challenge, and starting up a business with the economy the way it is is a real risk.
But there are ways to minimise this risk. Home businesses usually don't require a lot of capital to start up, and what's more, you can start them in your own time while holding down a regular job.
So what are the best home businesses for 2011? Here are five ideas:
- Social Media consultancy firm: Business' can no longer rely on traditional advertising to get the message through to consumers - they need to be actively building and maintaining a relationship with their customer base. This is where social media comes in.
- Arts and crafts: There's been a recent backlash against mass produced products. Have you ever visited a new town or city only to discover that they have all the same shops as back home? It's frustrating, isn't it? If you think you could provide something a little different, you could fill a real niche in the market.
- Online financial advisor: If you're a qualified financial advisor, your skills are in high demand. These days, everything seems to be going digital. People want to log on to their computers and receive instant, personalised advice.
- Wedding planner: Weddings seem to be the one area that Britons are not cutting back on. And that's good news for home based wedding planners!
- Child care: You'll need to get qualified and have your home registered as a child care centre, but this can be a rewarding - a lucrative - home business idea.
