How to Start Your Own Business from Home

05/19/2022
how-to-start-your-small-business-from-home

Every business begins with two things: an idea and the passion to make it a reality. Of course, several practical steps are involved in the process after that, but that’s where it all begins.

If you’ve ever found yourself itching to start a small business from home and become your own boss, you’re not alone. But many stop there because they are unsure where to begin. We have some thoughts on that as well as useful tips and practical opportunities that can help you turn your great idea into the business of your dreams.

What Can My Home Business Be?

Really, the sky is the limit here as far as business ideas, but most home-based businesses end up falling into two categories: handmade/homemade products and services

But how do you know what’s right for you? Start by asking yourself a few questions. 

  • What kind of business do I want to start?
  • What do I enjoy doing?
  • What do I like to create that other people can use or enjoy?
  • What skills or talents do I have that can help others?
  • Why do I want to start a business?

Once you’ve figured that out, you can explore how to make that dream come true.

Selling Homemade Products

If you’re a maker or creator (of anything really), turn that hobby or passion into a business and begin selling from your own home in your local community. The products can be simple or complicated, basic or elaborate, kitschy or elegant—it really depends on you.

The best thing about a product-based business is that you can control every aspect of what you sell, and you can work toward making it cost effective, better quality, and customizable for your audience for holidays or seasons as the market demands.

Whether you choose to start selling at craft fairs or through your own branded storefront on an online marketplace like Spots On The FOX, sharing your creations with others is a marvelous way to pursue your passion and make money doing it.

Offering Online Services

Offering services is even simpler than selling products from your home, but the challenge is allocating your time. When running a service-based business, it’s true that “time is money.”

Creative professionals—such as writers, editors, and graphic designers—freelance or consult with other companies and juggle multiple clients remotely from home. Others operate via appointments and bookings to offer services directly to customers. 

Different from product-based businesses, service providers must network and rely on word-of-mouth referrals to find suitable clients. Fortunately, a shared online marketplace platform like Spots On The FOX can help spread the word and make you more visible.

Pros of Starting Your Own Business from Home

  • A low-cost home business, like many of those on Spots On The FOX, has minimal overhead costs.
  • You can sell products or services locally at shows or online (https://spotsonthefox.com).
  • You have control over your work-life balance—ideal for stay-at-home parents or retirees.
  • You can create a family business with help right at home.

Cons of Starting Your Own Business from Home

  • You may need to make space in your home to support your business (e.g., inventory storage, creation space, home office).
  • A lot of work goes into a business beyond product creation or service rendering.
  • Working from home can be lonely and isolating, especially if you enjoy being around other people.

Spots On The FOX Paves the Way for Your Small Business

Don’t worry about the cons because you’re in luck, especially if you live in the Fox Valley area of Illinois. Although we can’t help you find space in your home for your products, Spots On The FOX takes a lot of stress and effort out of marketing and selling your products and services online. As a targeted virtual marketplace platform, Spots On The FOX provides small business owners with a customized vendor storefront on which to sell their products or services to their local community.

Even more, Spots On The FOX creates a community of vendors that thrive on networking and supporting each other to keep more money in their local area, so you don’t have to be alone in your business.

How Do I Join Spots On The FOX?

We know you’re intrigued, so if you live anywhere in the Fox Valley area, we invite you to take a tour of the Spot On The FOX vendor benefits. Also learn more about the founders’ story and mission, and when you’re ready to pursue your dream of small business entrepreneurship, you can join Spots On The FOX with just a few simple clicks.

Not Local to the Fox Valley Area?

Don’t worry if you don’t live in the Spots On The FOX region! If you like what you’ve seen, the Spots Initiatives umbrella wants to help you launch your own locally supporting marketplace in your region (Denver is coming soon with Mile High Spots). Spots Initiatives is ready to launch Spots marketplaces throughout the United States to expand small business visibility and opportunities across the country.

If you’re interested in becoming a Spots Initiative owner in your area, visit https://spotsinitiatives.com/launch/ to learn more.

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About the Author ~ Victoria Hyla Maldonado

Victoria Hyla Maldonado has been writing all her life and has worked professionally as a writer and editor for more than 20 years. She is the author of the substantive women’s fiction Hearts Drawn Wyld trilogy (Victoria J. Hyla) as well as several anthology-published short stories. She also is the author of several children’s books. She lives in the western suburbs of Chicago with her husband and children and is working on a new romance trilogy as well as several other short stories and more children’s books.

Visit Her Storefront on Spots!