Three Home Business Opportunities To Boost Your Income

by Hank Coleman

Top 3 Home Business Opportunities To Boost Your IncomeYou need more income to help your financial situation. Cutting items from your budget and watching your pennies each month will only get you so far. You need to attack the other side of the budgeting equation. Many people simply don’t know where to start, but there are many business opportunities from home that you can use to increase your income.

You need a side hustle. But, I’m not talking about selling stuff to your friends in your living room during in-home demonstrations and fake parties. Selling multi-level marketing (MLM) items simply won’t work for the long term. You need a real home business opportunity that can help you make real money.

I know far too many people who hope and pray (and fall prey) to the allure of easy riches of MLM opportunities. My house is full of candles, protein powder, vitamins, jewelry, weight loss wraps, and face wash that my friends have been hocking over the past few years. Your home-based business has to be more than simply selling things to your friend and family. Eventually, you’ll run out of customers. And, the leaders of these types of businesses often don’t communication (or we’re oblivious) to how much real work goes into making them successful.

Many MLM programs are built on you recruiting distributors underneath you instead of actually selling the products. Selling items to customers is often a byproduct of the business. The real business is recruiting unfortunately.

Ultimate Checklist for Your Finances

Take back control of your finances!

Get a FREE checklist for the money moves to make in the New Year.

Also get new articles, advice, and tips delivered right in your email inbox with our newsletter!

Don’t get me wrong. I love my friends. I don’t mind supplementing their incomes to a certain degree if that’s what will make them truly happy in life. The problem is that these MLM strategies aren’t good enough home business opportunities to earn additional income over the long term for most people. If you’re on the bottom of the pyramid, the income can be quite paltry.

Here are three home-based business opportunities that can help you earn a real income over the long haul.

Home Business Opportunities To Boost Your Income

Create Your Own Website

Okay, I’m a little biased with this home business opportunity. I think everyone needs a website. It’s a great creative outlet. It sets you personally up as your own brand. And, then it can be a launching pad for any home business opportunity that you want.

Do you want to sell items that you create? You should have a website to highlight your products. Do you want to freelance as a copywriter? You should have your own website to showcase your talent.

Everyone needs a website. And, you also need to own your name URL. It took me years to purchase hankcoleman.com. But, it was worth the wait. You should own your own name as a .com and .net. And, for that matter, you should own your children’s names as domain names too. $10 per year (or less in many cases) is a small price to pay when it can cost you hundreds down the line.

A great way to build your website is through sites like Wix.com. Wix.com makes it easy to build your own site, and they show how to make your own website if you’re a beginner.

Wix provides free websites for people with an easy drag and drop system that is geared towards the beginner who isn’t familiar with coding. There is no coding required with their system. They also have designer pre-made templates and photo galleries that you can use to help you build your website.

Wix can help you create an amazing website for free. It’s never been easier since you do not need to be tech savvy. It’s all drag and drop. You simply pick a template, add images and videos (either your own or theirs), making any changes to the layout you want, add text and then publish your site online instantly.

And, if you choose, Wix can help you add secure hosting and domain names to your website. It’s a one stop shop of building your website from scratch with little to no previous experience all wrapped up in one.


Sell Stuff on eBay

This is an oldie but goodie method to earning additional income from home. It is still relevant today even with the influx of professional eBay sellers. And, now Gary Vaynerchuk has jumped on the bandwagon selling stuff on eBay. But, even Gary Vaynerchuk’s entry into promoting selling things on eBay how his #AskGaryVee podcast and YouTube channel shows that there is money to be made still.

There are many places that you can find great products that are incorrectly priced in the real world that you can then turn around and sell on eBay. It’s called eBay arbitrage. You have to find the bargain when you buy an item. Like most deals, the money for you to make is all in what you buy the item to start with and then you sell it for a profit.

Sell Stuff on eBaySelling items on eBay is still a great home business opportunity and way to make serious money from your home. I have once again been selling bobble head collectibles on eBay recently.

This weekend, my family and I attended an Atlanta Braves MLB baseball game where they gave away a unique Freddie Freeman and Chipper Jones bobble head. Before the game even started, I had enough bids on eBay for two of the four that I have to cover the cost of our tickets and concessions at the game. And, we all know how much hotdogs and soda are at ball games now. It’s highway robbery – unless you have made a fortune selling bobble heads to cover the cost.

Teach Through a Tutor Booking Service

Another great home-based business is tutoring. My wife has recently used a service to list her services as a tutor. This has kept her skills up as a teacher while she cares for our newborn before heading back to the classroom after he’s grown.

Of course, you don’t have to be a former teacher to be a tutor. Almost anyone can tutor children in a wide range of areas.

Why use a tutoring service though instead of finding your own clients? The tutoring service finds the students for my wife and links them together based on need and her skill set. There’s no hunting or prospecting for clients.

Additionally, the tutoring service handles all of the payments and billing for my wife. She simply turns in a time card to the business in order to get paid. Tutoring is a simple way to earn money in your home.

These home business opportunities can help you earn additional income, which is key to getting a handle on your finances. You can only cut so many expenses from your budget before you hit a limit. You need to increase your income, and these three home business opportunities can help you do just that.

To find ideas for more business opportunities from home, check out this blog post. 

What about you? Have you ever looked at starting a home business? Which home business opportunities have you found?

Open a Lending Club IRA and boost your retirement

About Hank Coleman

Hank Coleman is the founder of Money Q&A, an Iraq combat veteran, a Dr. Pepper addict, and a self-proclaimed investing junkie. He has written extensively for many nationally known financial websites and publications. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. Email him directly at Hank[at]MoneyQandA.com.


Hank Coleman has written 586 articles on Money Q&A. Learn more about Money Q&A on Twitter @MoneyQandA and @HankColeman.


Subscribe To Money Q&A

If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles! You can also subscribe to our Free Weekly Newsletter.

{ 0 comments… add one now }

Leave a Comment


Previous post:

Next post: