There are plenty of compelling reasons to search around for the home business ideas that work for you. If a change in lifestyle is what you’re after, then take a close look at your skills and interests to figure out which fields fit you best. Whether it’s an online home based business or something more traditional, you’ll likely find something that resonates with you.
29. Videos – This could be an entire section on it’s own. Many people have made money by creating YouTube videos. Evan of EvanTube is a kid and he has made millions by creating reviews of products that other kids his age would use. It’s not easy to get views into the millions, but once you do, you’ll start seeing some cash come in. Many bloggers have completely turned to videos to get their point across by starting a video blog.
Coworking is a social gathering of a group of people who are still working independently, but who share a common working area as well as the synergy that can happen from working with people in the same space. Coworking facilities can range from shared space in formal offices to social areas such as a coffee shop. Entrepreneurs and social entrepreneurs often cowork in shared office and workshop facilities provided by business incubators and business accelerator organizations. In entrepreneurship, coworking allows creative start-up founders, researchers and knowledge workers to meet and share ideas, collaborate, share new research, and find potential partners.
Do you see all of those articles, tutorials and guides all over the Internet? Somebody wrote every one of them! If you have decent writing ability (no, you don’t need a journalism degree!), and knowledge in a few specific topic areas, you can be one of those writers. It’s an opportunity to make money online and without ever leaving your home. It’s also the kind of venture that can start out as a small side business, but grow into a full-time career.
Simon Slade, CEO and co-founder of Affilorama has experienced first hand the benefits of having remote workers at his company, “By allowing employees to work remotely," he says, "you can hire the best of the best while not limiting yourself by geographical restrictions. At Doubledot Media, 19 of our 28 employees work remotely, and I have seen no difference in job satisfaction or work performance. If anything, my remote employees' production rate is higher because they are better equipped to avoid distractions.” The benefits also extend to his bottom line, “telecommuting saves me money because they pay for their own computer, electricity and other utilities.”
The technology to communicate is not advanced enough to replicate face-to-face office interactions. Room for mistakes and miscommunication can increase. According to media richness theory, face-to-face interactions provide the capacity to process rich information: ambiguous issues can be clarified, immediate feedback can be provided, and there is personalized communication (e.g. body language, tone of voice). Telecommuting requires the use of various types of media to communicate, such as the telephone and email. Emails have a time lag that does not allow for immediate feedback; telephone conversations make it harder to decipher the emotions of the person or team on the phone; and both of these forms of communication do not allow one to see the other person. Typical organization communication patterns are thus altered in telecommuting. For instance, teams using computer-mediated communication with computer conferencing take longer to make group decisions than face-to-face groups. Workers tend to be satisfied with face-to-face interactions, phone conversations, and in-person departmental meetings to receive communications, but email and the Internet do not add to their communication satisfaction. This suggests that teleworking may not have the components for “rich communication” compared to face-to-face interactions, although one study found that virtual workers in a team were more satisfied with their technology-mediated communication than their in-person office communication.
Not only will this multiply the money you’re bringing in in a serious way, but it protects you against any sudden changes in the market or in your business. Remember that old saying about putting all your eggs in one basket? A few hours a week committed to just one or two of the following opportunities will put you in a much stronger position to be financially safe and independent.