8 Profitable Business Ideas You Can Start From Home in 2020

To start one of these home-based businesses, you do not need a lot of funding — just a lot of energy, passion and the drive to succeed.

1. Start making money with Amazon Affiliate Program: The Amazon Affiliate program is free to join and very easy to use! If you are in India, you would want to sign up for Amazon Affiliate India. These days bloggers and website owners that are associates create links for customers to click on to enable them to earn referral fees. Using Amazon’s Affiliate Program, you can use your existing blog to write reviews and then provide an Amazon Affiliate Marketing link. Any one of your readers who clicks on the link and makes a purchase, will earn you your part of the commission which can range upto 10% or more. By promoting high-priced products like electronic gadgets and furniture, you can increase your chances of earning an even higher commission.
2. Homestay/Bed and Breakfast service: This is a great way of making use of the existing vacant rooms in your house. In fact one of my friend’s parent is currently running a successful homestay business in Agra, the city of Taj since it’s such a popular tourist destination. They have renovated their house’s interiors to make it more colourful and lively so as to attract foreigners and provide them with a cosy & homely stay. What’s more, their home got a breath of fresh air with the revamped look and upholstery and now they are getting paid every day by visitors from across the world for it!
3. Pet Sitting: What’s better than showering your love on our furry friends AND getting paid to do so too? That’s right, nothing! Pet sitting is a lucrative business opportunity for anyone who loves to spend time with animals and feels completely at ease while dealing with them. Today, more and more people are adopting animals and making them a member of their families. During the beginning of your pet sitting stint, it is important for you to establish a trustworthy identity for yourself so that owners feel comfortable leaving their pets for hours at a stretch.

4. Monetise your YouTube channel: These days you can make a channel just about anything if you can find loyal viewers for your content. However, monetising your channel requires highly engaged audience and to build an audience, you need to post consistent videos that your viewers really like watching. As of now, your channel needs to have 4000 public watch hours in the last 12 months, at least 1000 subscribers and it must be following YouTube’s community guidelines to be eligible for the YouTube Partner Programme (YPP) which would then allow Creators like you to earn money from your videos.
5. Turn your hobby into online retail: If you love to bake at home and don’t mind monetising your efforts, you could easily create a Facebook/Instagram page to showcase your baked goodies and start taking orders for small batches online. Begin with individual orders for events, anniversaries, birthdays and other parties through your existing networks and then move on to building relationships with other clients. You could even take your online patisserie to the next level by signing up for certification courses in baking cakes, pastries, chocolates, cookies and much more!
6. Leverage those artistic skills: If you’re highly creative and have a knack for artistic expression, you may enjoy, and be good at running, an adult colouring book company. The adult colouring trend has taken to grown-ups around the world who are creating art and rediscovering their childhood joys while de-stressing at the same time. You could either sell your creations to end customers or sell them to wholesalers and other retailers. Or you sell your books online by partnering with e-commerce companies like Amazon and Etsy.

7. Freelance Blogger/Content Writer: If you want to get paid to blog, you can offer your services as a freelance blogger to other businesses and publications that will pay for your expertise. As a freelance blogger you can choose to offer additional services like on-page and off-page SEO, digital content creation, ghost blogging, copywriting etc. but this would require some level of technical knowledge. However, there are a lot of online courses for bloggers which can help you make the most of your skills and build a successful freelancing writing business.

8. Start a podcast: If you’ve got a story to tell, why not tell it by way of digital audio? Currently, even though only 40 million of India’s nearly 500 million internet users listen to podcasts, the number is growing rapidly. In 2018, there was an almost 60% growth in podcast listeners in India. Starting a podcast requires very low capital investment; however, you are expected to be knowledgable about the theme of your podcast and should be aware about what you’re speaking. You can simply use a blog site as a way to host and sum up all of your episodes so that listeners can easily access content and learn more about your podcast.

So there you have it. 8 small businesses that you can build from scratch without incurring exorbitant manufacturing and storage costs while also earning profits.