Most Profitable Home Businesses: Setting up your own home business can be a rewarding endeavor, not only from a financial point of view, but also from an emotional one. You get to be your own boss, set your own rules, and work from the comfort of your home. But when it comes to home businesses, not all tend to be as profitable as one another; in fact your potential to make money varies wildly depending on what kind of home business you’d like to start.
Of course, working from home and launching one’s own business comes with its own set of challenges. You must work to establish your business and get the word out about your services, both locally (and if applicable, nationally and even internationally). You must also avoid some of the pitfalls inherent in home-based work, particularly the ability to get distracted and sidetracked.
If you feel that a home business may not be right for you, we suggest you take a look at our cover story on the Most Profitable Franchises, which provides a list of the top established franchises you can purchase that immediately provide you with brand name recognition and earning power.
In the meantime, let’s take a look at our countdown of the most profitable home businesses and see if any of them are right for you.
No. 5: Web design
As long as you have some background and experience in web design, you can easily turn this into a rather profitable home business endeavor. Your early days might be a bit rough, as there’s a lot of networking involved in getting the right clients, but it will be more than worth it in the long run, and your services will always be needed. With the shift to mobile optimization of many websites, this sector remains as high demand as ever.