Top 10 Internet Home Business Ideas You Can Start and Run in Your Underwear

Table of Contents

1. Can Anyone Make Money Online Working From Home?
2. When Can You Quit Your Day Job to Work Online From Home?
3. The Good News About the Home Based Business Industry
4. Internet-Based Business: Startup Rules
5. Internet Business Idea #1: Affiliate Marketing
6. Internet Home Business Idea #2: Blogging
7. Web-Based Business Idea #3: eBay & Auction Selling
8. Idea #4 for Internet Home Based Businesses: E-Commerce
9. Internet Home Business Idea #5: Arts & Crafts
10. Home Business Idea for Web Workers #6: Internet Research Business
11. Idea #7 for Working From Home on the Web: Freelance Services
12. Work At Home Web Business Idea #8: Recruiting
13. Internet Business Idea #9: Consulting
14. Web Business Idea #10: VA (Virtual Assistant)
15. FREE: 21-Page Internet Business Idea Guide

Can Anyone Make Money Online Working From Home?

Of course. Many thousands of people do. You might have friends or family members who make a living with a home-based Internet business already.

The problem is that not everyone WILL make money online, because making money on the internet takes a long time to learn, and most people give up because it can be extremely frustrating.

With over 300,000 “Internet Home Business” related searches on the internet every month, it’s safe to say that there is a lot of demand for information on how to make money on the internet. Sadly, this also means that there are a lot of shady characters preying on this group of people.

I knew someone who fell for one of these scams once – they taught him how to make money online, and then all he did was sell seminars – on how to make money online. The fact that he had never actually made any money online was beside the point… I guess. Not surprisingly, I’m not a big supporter of his business.

 

When Can You Quit Your Day Job to Work Online From Home?

Perhaps the most important piece of advice for starting an internet home business is this: Don’t expect to replace your day job’s income for 365 days (or so!). Although I will add that service-based businesses tend to bring in revenue faster, I would still allow for a full year to replace your outside-the-home salary.

The Good News About the Home Based Business Industry

As long as you are willing to put in the hours (days… weeks…. months….. ) to learn the ropes, you can bootstrap your business with extremely little money, generally speaking.

Remember that some businesses take more to start than others. I’ve probably directly invested less than $3000 getting this blog up and running, and now revenue is increasing at about a 125-140% pace every month after being in business for 16 months.

So, where do you start from here? Here are some general rules of thumb.

Internet-Based Business: Startup Rules

1. You do NOT need to be an expert in SEO (search engine optimization), social media marketing, website marketing, traditional marketing or sales in order to get started. However, you DO need a professional website.
2. Pre-packaged programs only work as much as you can customize it and make it unique and your own. Even then, techniques that work for one niche won’t work in all niches.
3. Be wary of any “system” that promises instant results (especially anything that sounds like a get-rich-quick scheme!)
4. Every business is made stronger by specializing in a tight niche. Know your audience and stick to it.

Unless you have a brilliant tech idea that makes venture capitalists drool (which means you don’t need this list), you need to determine where your strengths are and which business model you plan on following. I have run three home-based businesses in my life, all of which leveraged my current skill set as the foundation for building the business.

Look over the following list and single out the ones in which you have at least some experience. You probably won’t have all of the skills necessary, so don’t let that stop you! All you have to do is work hard and be willing to learn.

1. Internet Business Idea #1: Affiliate Marketing

   What is it? :: Promote other company’s products and services on your website. When a sale is made, you get a commission.
   Most important skills needed :: PPC (Pay Per Click marketing), sales copywriting, web marketing
   Best learning resources :: Affiliate Classroom, ShoeMoney, Rosalind Gardner
   Recommended Book :: Make a Fortune Promoting Other People’s Stuff Online by Rosalind Gardner

2. Internet Home Business Idea #2: Blogging

   What is it? A chronologically based website filled with articles, reviews, or journal-style writing. You can sell advertising or incorporate affiliate marketing on a blog to earn money. (Don’t have a blog yet? Get a professionally-designed one for $97.)
   Most important skills needed: Copywriting, social networking, affiliate marketing, web marketing
   Best resources: ProBlogger, Blogging for Dollars, Yaro Starak’s Blog Mastermind Program (highly recommended & he has a free report to download)
   Recommended Book: ProBlogger, Secrets to Blogging Your Way to a Six Figure Income by Darren Rowse & Chris Garrett

3. Web-Based Business Idea #3: eBay & Auction Selling

   What is it? Selling or reselling products via an online marketplace like Ebay, Amazon Auctions, or Craigslist. You can sell used goods, buy goods wholesale, or use a drop-shipping service.
   Most important skills needed: Merchandising, sales copywriting, customer service
   Best learning resources: Ebay Learning Center, SaleHoo Training Center, JennyHow
   Recommended Book: eBay 101: Selling on eBay For Part-time or Full-time Income, Beginner to PowerSeller in 90 Days by Steve Weber

4. Idea #4 for Internet Home Based Businesses: E-Commerce

   What is it? Selling products or a technology-based service on your own website.
   Most important skills needed: All of the above, below and then some!
   Best learning resources: Entrepreneur.com’s Online Business Startup Guide
   Recommended Book: The Complete E-Commerce Book: Design, Build and Maintain a Successful Web-Based Business by Janice Reynolds

5. Internet Home Business Idea #5: Arts & Crafts

   What is it? Creating and manufacturing your own product lines and selling them online.
   Most important skills needed: Creativity, sales, e-commerce
   Best learning resources: Sparkplugging’s CraftBoom, About.com Craft Business 101 Series, Barbara Brabec
   Recommended Book: The Crafts Business Answer Book: Starting, Managing, and Marketing a Homebased Arts, Crafts, or Design Business by Barbara Brabec

6. Home Business Idea for Web Workers #6: Internet Research Business

   What is it? Doing internet research for corporations, law firms and other small businesses.
   Most important skills needed: Librarian-style research skills, customer service
   Best learning resources: Entrepreneur.com’s Information Consultant Startup Guide
   Recommended Book: Building & Running a Successful Research Business: A Guide for the Independent Information Professional by Mary Ellen Bates

7. Idea #7 for Working From Home on the Web: Freelance Services

   What is it? Providing professional services such as copywriting, design, photography, illustration, and programming usually billed on an hourly rate.
   Most important skills needed: Sales, customer service, trade-specific knowledge
   Best learning resources: Our Freelance Parent channel, FreelanceSwitch
   Recommended Book: The Business Side of Creativity: The Complete Guide to Running a Small Graphic Design or Communications Business by Cameron S. Foote

8. Work At Home Web Business Idea #8: Recruiting

   What is it? Recruiting candidates for companies who pay a fee when a hire is made.
   Most important skills needed: Sales, relationship building, networking
   Best learning resources: RecruitersNetwork, HireAbility
   Recommended Book: Start Your Own Executive Recruiting Business (Entrepreneur Magazine’s Start Up) by Entrepreneur Press

9. Internet Business Idea #9: Consulting

   What is it? Providing your specialized industry knowledge to corporations, entrepreneurs, investors or other businesses.
   Most important skills needed: Trade-specific knowledge, sales, customer service
   Best learning resources: Entrepreneur.com’s Consulting Business Startup Guide
   Recommended Book: The Business of Consulting: The Basics and Beyond (CD-ROM Included) by Elaine Biech

10. Web Business Idea #10: VA (Virtual Assistant)

    What is it? Providing administrative and business support to other business owners and small businesses.
    Most important skills needed: Customer service, organization
    Best learning resources: VirtualAssistantStartups, Entrepreneur.com’s Business Support Startup Guide, VirtualPABusiness
    Recommended Book: The 2-Second Commute: Join the Exploding Ranks of Freelance Virtual Assistants by Christine Durst

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