4 Profitable Self Employment Ideas

Become A Self-Employed Business Owner

Most people have thought about starting their own business at one time or another, but very few people actually take action, for understandable reasons. Venturing into the world of self-employment comes with many uncertainties, especially in the beginning stages of a new business.

Although there are no success guarantees after starting your own business, the advantages of being your own boss and working for yourself, rather than for someone else, is a goal many entrepreneurs strive to achieve.

There are countless self employment ideas with low start-up costs that are profitable and easy to start. Here are 4 ideas for self employment that practically anyone can successfully pursue.

House Painting Business

House painting is a profitable self employment idea with relatively low start-up costs. You can operate a small painting business and still earn a lot of money, with occasional assistance from a helper.

The start up costs for a painting business are not super cheap, but definitely affordable. The biggest expenses are ladders, advertising, website design and a professional paint sprayer. Start small and buy more equipment as you acquire more clients and bigger jobs.

Painting is very profitable. Big jobs can rake in thousands of dollars per week. However, painting definitely isn't for everyone and it's not as easy as some people might think. You must learn necessary brush and roller skills in order to complete jobs professionally and fast.

If you want to become a self employed painter, work for someone else first and learn how to paint professionally. Working as a painter is relatively stable, except for the winter months, but there's always a need for painting since many homeowners don't have the time or the equipment to paint themselves.

Cleaning Business

House cleaning is still often referred to as one of the top 10 best business start ups. It is one of the cheapest self employment ideas to pursue in the service business and anyone can get started without spending much money. A cleaner can charge $30 to $50 per hour or more and benefit from repeat business and referrals year-round.

Busy households greatly benefit from a reliable cleaning service in the community. A house cleaner can work alone, or with a partner, and the working conditions are not exhausting. Most cleaning jobs take no more than 1 or 2 days tops. Like painting, a cleaning business can be operated from home.

The main start up expenses include advertising, cleaning equipment, liability insurance, web design and transportation costs. This is a good partnership business and it's recession-proof. Everyone always needs to clean. This business can be profitable even as a side job venture.


Virtual Assistant

Web-based self employment ideas like a virtual assistant business is in demand and costs very little money to start as a home-based business, except for Internet and website expenses. A virtual assistant handles a multitude of online tasks for clients including article writing, search engine optimization, web design and graphic design.

If you look at job sites, you will find many ads posted by people looking to outsource their online tasks. An experienced VA can charge up to $50 per hour, but a VA working for an attorney can earn up to $100 per hour. The hourly rate depends on the services you're providing.

Making money online is not easy, especially for a newbie, but with continuous effort you can build a client base and make a lot of money using sites like Elance and Guru for job leads. A virtual assistant business is recession proof. You won't find a shortage of people looking for a VA.

Since this business is totally web-based, you need to spend a lot of time marketing yourself online and applying for as many available opportunities as you can handle. This is a self employment opportunity that can become a career, or a part time job at home for extra money on the side.

Online Teaching

For those who want to work from home, online teaching is a profitable self employment opportunity that doesn't require a degree, license or even experience. There is a big demand for English language teachers, especially in foreign countries where people need to learn the language but can't afford to hire a private teacher. Online teaching services are usually cheaper than offline services.

There are websites where you can sign up and offer your own private lessons through the site, or you can get your own job leads and set up your own teaching business through your own website. The start up costs, similar to most Web-based jobs, is mostly Internet and website costs.

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Comments 3 comments

MelloYelloMan profile image

MelloYelloMan 5 years ago

Very insightful man! You are really helping me get a grasp on things, because I would like to stop painting and eventually work from home.


Journey * profile image

Journey * 4 years ago from USA

Hi Matt G,

You have great ideas here. Online teaching is my favorite of the choices. Thanks for sharing.

Best,

Journey *


Casey Strouse profile image

Casey Strouse 4 years ago from Phoenix, Arizona

I'm not a VA but I work for a company that provides VA services. It's not great for people who need regular full-time incomes but it can definitely get you a start as a freelancer.

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