One major benefit of the pandemic has been the opportunity for people to work from home. Many people used the pandemic as an opportunity to start a home-based business in 2021.
Not only did people learn to free themselves of the 9-5 grind, they sometimes made more money doing so.
Sounds like a pretty sweet deal, right? We thought so.
That’s why we created this home-based business in 2021 series. Use one of these ideas to replace your 9-5.
1. Sell Items on eBay (that you don’t even own)
One of the most popular ideas for home-based business in 2021 is online selling. We all know that eBay is the largest auction site in the world! Did you know you can sell different items on eBay that you don’t even own? It’s true.
Here’s how you do it:
Step 1: Find a Product to Auction
Let’s say you want to sell bunk beds. You would go to eBay and lookup for bunk beds. Go in and find a bunk bed for sale on the platform.
Image source: ebay.com
This one looks good. It has sales too. Nice! Now I want to check to see where else it’s selling.
Step 2: Find a Company That Sells It Cheaper
When I did a Google search of the image, I found it’s selling on Walmart for $199. That’s a $50 profit for every bunk bed sold!
Image source: Walmart.com
Step 3: Create a Listing on eBay
You then can use the same product descriptions and images to make your own eBay listing. If you were to sell ten of these bunk beds and a dozen or so more items like them, you could make over $1,000 a week!
Step 4: Ship the Item to the Customer
You might be wondering, what about returns? All you have to do is coordinate between Walmart and your customer. Walmart will send you the return slip, and you can send it over to the customer through eBay.
For items that don’t get returned, you pocket the difference and repeat.
You may be saying, great, but I don’t have the money for a bunk bed upfront. No problem, use a credit card and pay it off with the money from the buyer. Done!
Let’s move on to the next one.
2. Start a Blog
Another idea for a home-based business in 2021 is blogging. Believe it or not, if you love to write about passionate niche topics, you can earn a decent living with a blog. Best of all, it’s cheap to begin. You can get started for less than $5 per month.
How much can you earn? A LOT! Some people make between $10,000 to $100,000 per month!
Here are the six easy steps to start your own blog:
- Choose your niche (health and fitness are very lucrative).
- Choose a blogging platform – think Squarespace, WordPress, Wix, etc.
- Choose a web host (like Bluehost above).
- Choose a blog name and a domain name (usually the same).
- Choose a blog theme to make it look fancy.
- Start making money.
You can make money from several sources. First, through ads on your blog. Another way is affiliate marketing. Use sites like Amazon, ClickBank, and more. Stay tune for the second part of our list of ideas for a home-based business in 2021.
You Can Start a Home-Based Business in 2021
Believe it or not, you can start a home-based business in 2021. Stick around for the next blog post in this series, where we dive into even more ways to earn money from home.
Related Reading: 5 Money-Making Skills You Can Learn This Year