The concept of a home business isn’t new at all. People have been starting companies and working from home for years. Saying that, it’s certainly something that’s grown in popularity over the last five to ten years. Most of this is down to the growing technology boom that’s made it easier for people to start multiple different home businesses.

Staying on this topic, I have a treat for anyone out there that’s looking for a dramatic life change and wants to become their own boss. Swap your uncomfortable office chair for a plush armchair in your cozy living room, and start a business from home. Here are a few of my favorite ideas, check them out, and see if any of them appeal to you:

Social Media Management Business

All modern entrepreneurs should try and capitalize on trends and things that are highly popular right now. For me, I always think it’s a great idea to set up a service-based business. This is because you can cater to either individuals or companies. Here, my idea is to offer social media management services for businesses to use.

Why is this a great idea? Because every business on planet earth is starting to realize how powerful social media is. As a consequence, they’re keen to hire people to manage their accounts and create content that helps them get the most out of social media. You can sit in your home office and run various social media accounts for clients, helping them achieve their goals. You’ll run a wildly popular business, particularly for small companies that can’t afford their own in-house social media team. Boom – you’ve got your target market nailed down already.

This idea is perfect for quite young entrepreneurs that have grown up in the social media generation. If you know the different platforms inside out and spend most of your time on them anyway, then this business is a match made in heaven for you.

Trading Business

A trading business is quite a unique idea as it doesn’t really function like most other businesses. There’s no need to create a mass marketing strategy here, you haven’t got to deal with sales figures and a customer base, yet you can still make a sizeable amount of money!

With this idea, it’s all about buying and selling things to try and turn a profit. Ideally, you’ll make money every day, but the beauty of this business is that you can suffer a couple of losses, but then enjoy some big wins to boost you into the black. The other great thing about this idea is that you don’t work long hours, and you can use an automated trading platform to get more things done with less effort. Of course, it’s not all sunshine and rainbows, you still have to work hard for your money. There’s a lot of skill involved in trading for a living, and you have to make some pretty clutch calls. If it were easy, everyone would start a trading business and become millionaires!  

Personally, I think this is a good idea for anyone that’s into trading and has maybe had experience making a few investments in the past. It can be done entirely from home, with just your computer for company.

Graphic Design Business

What’s one thing nearly every business in the world will need? A logo! How do you get a logo? From a graphic designer of course! This is a great home business idea for anyone that’s creative and artistic. Logos aren’t the only thing you design, you can pretty much design whatever you want based on your client’s needs. It’s a low-cost, high-reward business venture, which makes it very popular.

Businesses will need graphic design help for their logo, promotional material, or maybe even their website. As such, my advice here would be to keep your options open and offer a variety of graphic design based services. The best way to draw in customers is by showing off your previous work. With that in mind, it makes sense to start off by offering free services or very cheap ones. This helps you build up a professional portfolio before you start charging the big bucks.

Like I said, if you consider yourself to be artistic and have a history of graphic design, then you and this business idea go together like two peas in a pod!

Three home business ideas, three fantastic opportunities for making a lot of money. All three ideas are very cheap to start, but can all bring in big profits. I tried to include a bit of a mix; one social media based idea, one financial, and one for the artists out there.