There are many good paying home based businesses one can do. A lot of these businesses can be started by anyone, whether you are a student, a stay at home mom or just anyone. Here in this article you will discover the best and lucrative five (5) good paying home based businesses you can start.
Ensure you read this article till the end and take action immediately.
Top five (5) Good Paying Home Based Businesses
- Affiliate Marketing
Copywriting is one of the good home paying businesses anyone can engage in. Most copywriters work from the comfort of their homes and still manage to make 6 to 7 figures monthly. Interestingly, copywriting is not a kind of “course” you have to study in a college. It is a learnable skill that can be learnt within a month.
By the way… What is copywriting?
What is Copywriting?
Copywriting is a high income skill that involves writing to persuade people to take an action, usually to buy a product or service. Copywriters are always in high demand in the world of business.
Every business needs the service of a copywriter to make more sales. For instance, if only one out of one hundred people buy a product or service of a company, the work of a copywriter is to write “copies” that will increase sales (conversions) from one out of one hundred to maybe five (5) out of one hundred. This is five (5) times more sales. That is the work of a copywriter.
What copywriters write is called “copy”. There are different types of copy like advert copy, sales copy and so on. Moreover, you do not have to be a writer before you can become a copywriter. That is why I said “it is a learnable skill”.
One of the best and richest copywriters, Dan Lok said he failed English twice in school. In addition to that, he never graduated from college but he learnt copywriting and now he is very successful. Therefore, copywriting is a skill that just anyone can learn.
What You Need to Become a Successful Copywriter
- Learn Copywriting from a Mentor
- Monetize your Copywriting skill
- Keep Practicing
Learn Copywriting from a Mentor
Every successful copywriter out there learnt from a mentor. To succeed in copywriting, you need a mentor. Some of the greatest copywriters of all time are Gary Halbert, David Ogilvy, Alan Jacques, and Dan Lok. One thing common to all of them is that they all had mentors.
Practice makes perfection. Therefore you become better at what you consistently do. If you really want to be an outstanding copywriter, you have to practice copywriting consistently. This is the secret of all successful copywriters. It is not just enough to take a course on copywriting. Therefore, you have to practice both with a mentor and on your own.
Monetize your Copywriting Skill
After taking a course on copywriting with a mentor, you have to monetize your skill. As a beginner copywriter, you can monetize your newly acquired copywriting skill by starting as a freelance copywriter. A freelance copywriter is a copywriter who is an independent contractor. This means that individual persons or organizations hire you to write “copy” for them. There are different freelance websites you can start your freelance journey from. Some of them are, Fiverr, Upwork, Freelancer.com, HireWriters, AWAI, etc.
Even while monetizing your copywriting skill, you still have to keep practicing. Practice is a necessity in copywriting. Therefore, practice makes a copywriter but consistent practice makes a better copywriter. So keep practicing. Therefore, copywriting is one of the good paying home based businesses you can begin today.
Blogging is also one of the good paying home based businesses anyone can start. Most bloggers make a full living blogging. That is how profitable blogging can be.
What is Blogging?
In simple terms, blogging has to with solving people’s problems by writing articles on a blog (website). The work of bloggers is to solve people’s problems and consequently make money from it.
A lot of people have problems (needs) and they resort to Google to find answers. We all do. Most answers we find are written by bloggers. Bloggers give out value and make money in return. I will show you how to make money blogging. Read on.
How to Start a Blog that Makes Money
There are two (2) steps you need to take to become a successful blogger. I will show you in detail.
Step 1: Setting up your blog
- Choose a niche
- Get a domain name
- Buy a web hosting plan
- Install WordPress (Recommended)
- Customize your blog
- Download necessary plugins
- Index your blog
Step 2: After setting up the Blog
- Do keyword research
- Start posting contents (articles)
- Monetize the blog
Let me explain these steps further to you…
Step 1: Setting up your blog
Decide on a niche
You cannot be a jack of all trade therefore you must be specific about what you want to be blogging about. One must have a focus. Therefore this focus is called a niche. It is a specific aspect you want to be blogging about. There are different blog niches like news, politics, finance, relationship, health and fitness, weight loss, automobile, software, pets, and so many others.
However, you have to do a little research to know whether the niche you are choosing is profitable.
For instance, if you are a news blogger, you can monetize your blog by charging people to place adverts on your blog. This is a highly profitable blog monetization method.
Also, when deciding your niche, choose the one that you are passionate about and cannot get tired of writing about. This will really help your blog in the future. “Choose a blogging niche that you are passionate about and you won’t have to work a day in your life”.
Get a domain name
A domain name is the name you want your blog to be called. For example, www.adexreviews.online is the domain name of this website. You are the one who will decide what name you want your blog to be called. After you buy a domain name, the blog will be active online automatically and no one else can buy it again as long as it is active.
Bluehost offers a free domain name for the first year if you buy a hosting plan from them.
Use the free tool below to check if the domain name you want to use is available.
Buy a web hosting plan
A website host is an online server that houses your blog (domain name). Once you buy a domain name, your blog will be active automatically. However, without a hosting plan it won’t work. A hosting plan is the house where your blog and all its contents live. For instance, a desktop computer has a Central Processing Unit (CPU). Inside this CPU is where your files are stored. This is exactly how a website (blog) works too.
Your hosting plan is the CPU of your blog. It stores all the contents of your blog. Your blog (domain name) needs a house (hosting) to come alive. That is why you need to buy a hosting plan.
Click here to buy a hosting plan.
Install WordPress (Recommended)
I recommend using WordPress for your blogging platform. It is the most widely trusted and used blogging platform all over the world. WordPress on your blog is like Microsoft Windows (operating system) on your laptop computer. We use WordPress to type, edit posts, and control the look of the blog. It is the most recommended blogging platform worldwide because it is easy to use.
It is also specially designed for blogging. Bluehost hosting plan comes with pre-installed WordPress. All you have to do is sign in to your hosting account after paying then click on WordPress to install it. Alternatively, you can download it and install it manually.
Customize your blog
To customize your blog, you have to install a theme. WordPress comes with some pre-installed themes you can choose from. If you do not like any of the pre-installed themes, you can download a theme of your choice online and install it. A theme is what gives your blog a good look.
Download necessary plugins
One of the most important plugins that is “a must have” for all bloggers is Yoast SEO plugin. This plugin guides you in writing blog posts that are search engine friendly. In other words, it will help you write posts that will rank high in Google search results.
Index your blog
This is a very important aspect of setting up your blog. Indexing is what makes search engines like Google and Bing find anything you post on your website. You only need to index your blog once then anytime you post anything, Google will easily find (crawl) it.
Watch this video guide on how to index your blog.
Step 2: After setting up the Blog
Do keyword research
After setting up your blog, the next crucial step is to do keyword research. Keyword research means topic research. You have to do a research about the topics people are searching for on the internet, based on the niche you chose. As a blogger, you do not just write what you want, rather you write about what people are searching for to solve their problems and that is where the real money is.
For instance, if you write an article about how to buy a phone online, you are solving the problems of people who don’t know how to buy a phone online. Therefore, if you are an affiliate for a phone company, you will leave your affiliate link somewhere in the post for your readers to click to buy. If they buy, you get paid your own affiliate commission.
When you are doing keyword research, always look for low competition keywords. It will help your blog to rank faster in search engines.
Also, you can use the free tool below to begin your keyword research
Start Posting Contents (articles)
After you have done your keyword research, the next step is to start writing blog posts based on the research you have done. When starting out, post as many good contents as you can and ensure they are well optimized for search engines. If you have no time to write or you do not know how to go about it, you can hire a freelance writer to write your blog articles for you. Click here to hire a freelance blog post writer.
However, while writing blog posts it is important that you optimize them well for search engines. This is called Search Engine Optimization (SEO). Every blog post must be optimized properly for search engines. This book will teach you about how to optimize your posts to rank well on Google. Click here to get a copy of the book.
Monetize the blog
You can monetize your blog in these ways:
- Affiliate Marketing: This is one of the most profitable ways to make money from a blog. Affiliate marketing has to do with promoting other people’s products (with your blog) and getting paid a certain commission for it. Whenever you post articles that have your affiliate links on your blog and people click to make a purchase, you get paid.
- Google Adsense: When you register for the Google Adsense program, Google will place advertisements on your blog and pay you when people click on them. Ensure you do not deliberately click on those adverts yourself to make more money. Your blog will get penalized by Google for it.
- Selling your own digital products: If you have digital or physical products to sell, you can advertise them on your blog for people to buy. This is another awesome monetization method.
- Selling advertising spaces: When you have a huge number of people visiting your blog monthly, you can apportion certain columns or pages to people who want to advertise their own businesses on your blog and you will charge them for it. This method pays a lot.
Dropshipping is also one of the good paying home based businesses anyone can start. If you are looking for a profitable business you can do from anywhere in the world, dropshipping is for you.
What is Dropshipping?
Dropshipping is a business model that involves selling products that you do not own physically. You take orders from customers and pass the order to a third party seller who will deliver the goods to the customers.
As a dropshipper, you are like a middle man between a seller and a buyer. In other words, you sell to a buyer as if you own the goods but in reality you do not own any of the goods, rather you pass the buyer’s order to a third party seller who delivers the goods. This is how dropshipping business model works.
4. Affiliate Marketing
One of the good paying home based businesses is Affiliate Marketing. It is a very good business for anyone who wants to quit their boring 9 to 5 job and work from home or from anywhere in the world.
What is Affiliate Marketing?
Affiliate Marketing is a business that involves promoting other people’s products and getting paid a certain percentage of every sale that is made through your affiliate link. Every affiliate marketer has a unique affiliate link that is used to track sales.
However, most people do not like any business that involves referring people, nevertheless affiliate marketing is different. You can refer people without even talking to them one on one.
What You Need for Affiliate Marketing
- A laptop computer
- Internet connection
How to Start Affiliate Marketing
- Choose a niche
- Join an affiliate network
- Start promoting
Choose a Niche
A niche is an aspect of Affiliate Marketing you want to specialize in. There are so many niches in Affiliate Marketing. Some are: Software, Fashion, Weight loss, Health & Fitness, Money, Furniture, Automobile, Electronics, and many others.
Join an Affiliate Network
There is an affiliate network for every niche. However, you just have to look for the right one for your niche. Some of the affiliate networks you can join are: JVzoo, WarriorPlus, Clickbank, Grammarly, Payoneer, Bluehost, and a host of others.
After joining an affiliate network, the next step is to grab your affiliate links and start promoting. Check the next sub-heading to learn how to do this effectively.
How to Promote Affiliate Products
I will share with you four (4) ways on how to promote Affiliate products and make lots of money from it.
- Free advertising method
- Paid advertising method
- Blogging method
- Creating video contents
Free Advertising Method
Free advertising is a promotional method you are not paying for. It is also called “free traffic sources”. Some of the places you can advertise freely are Quora and Reddit. They are online question and answer forums.
With this method, you will search for questions that are related to the product you want to promote then give your answers. As long as your answer and your affiliate links are there, it can keep generating sales for you. Quora and Reddit are question and answer platforms where people come to ask questions from fellow forum members and get answers.
Free promotional method means leveraging on these free ways to promote affiliate products. A lot of Affiliate Marketers use this method to make a lot of money.
Paid Advertising Method
This method involves running paid advertisements online in order to send traffic (people) to your offer. This method is more effective than free advertising method. This is where the automation process comes in. To make this work, you have to set up what I call “a sales funnel”.
A sales funnel is an automated process that you set up for your potential buyers to go through to buy your offer. You don’t just create an ad and send them to your offer directly. It is important that you capture the email addresses of these potential buyers. A sales funnel contains an ad, a pre-sell article, a landing page, a thank you page and a sales page.
The ad will contain captivating text and image. The pre-sell article is an article specially and professionally written to make potential buyers have “a foretaste” of what they are buying. The landing page is where you tell them to sign up for your offer with their name and email address.
The thank you page is where they are congratulated for signing up. Finally, the sales page is where they buy your offer.
You need e-mail marketing software to do this. GetResponse is a good email software to start with. Click here to sign up for GetResponse. You can use it to set up your landing pages, thank you pages and also capture your customers’ email addresses.
This method will cost you very little money and much more profit if you do it the right way. It involves posting articles that solve people’s problems online and placing your affiliate links within those articles.
Creating Video Contents
Creating video contents that solve people’s problems on YouTube is another great way to make money from affiliate marketing. You do not need so many subscribers to use this method. All you have to do is create problem solving videos and place your affiliate links right at the top of the description box for your viewers to click and make a purchase.
Starting a “profitable” Youtube channel is also one of the good paying home based businesses out there. Youtube is profitable and that accounts for the numerous number of channels we have on Youtube today. However, to make this work, you have to follow specific guidelines. You cannot just go on Youtube and start posting random contents. No!
Let me show you the steps to start a profitable Youtube channel.
How to Start a Profitable Youtube Channel That Makes You Money…
- Decide on a niche
- Create a YouTube channel
- Customize your channel
- Do a proper YouTube SEO research
- Create video contents
- Monetize your channel
Decide on a niche
Deciding on a niche is always the first step. You do not want your channel to be littered with different kinds of videos that have no purpose. This is why you have to decide on what area you want to focus on. Some profitable YouTube niches are technology, gaming, product reviews, tutorials, food, fashion, motivational, beauty tips, travel, and many others. However, it is best to go with a niche you have passion for.
Create a YouTube Channel
After deciding on a niche, the next step is to create a channel. It is so easy to create a YouTube channel. The video below will guide you on how to do that.
Customize your Channel
You have to customize your channel after creating it to make it look good. This is when you create a logo and cover image for your channel. You can easily use a tool called Canva for this.
Do a Proper YouTube Keyword Research
This is the same as topic research. YouTube is a search engine therefore you have to research about topics that many people are searching for before creating video contents. Doing this will help you get a lot of viewers and subscribers.
There are awesome tools like TubeBuddy that can help you with this. Not only does it help you to do a good research, it also helps you to optimize your videos to rank high when people are searching.
Create Video Contents
After doing a good Search Engine Optimization (SEO) research, the next step is to start posting quality and engaging videos based on your research. It is good to create videos that are at least 10 minutes long. Create as many as you can.
Monetize your Channel
There are different ways to monetize a YouTube channel. Firstly, you can monetize it by signing up for the YouTube Partner Program (YPP). This program allows YouTube to place video advertisements on your video contents and you get paid a certain commission when people watch the ads.
However, to be eligible for this, you must have at least 1,000 subscribers and 4,000 watch time hours on your videos. This may sound daunting but it’s possible. TubeBuddy will help you achieve that easily.
Secondly, you can monetize your channel through affiliate marketing. You do not need a thousand subscribers to make money from this method. All you have to do is look for affiliate programs related to your niche, sign up, get your affiliate links and add them to your video contents. You can also combine the two methods.
You can also monetize your YouTube channel if you have a physical or digital product to sell by advertising them on your channel. Therefore, starting a Youtube channel is one of the good paying home based businesses you can start today.
Frequently Asked Questions
Which home based business is most profitable?
There are several profitable home based businesses. However, the most profitable depends on the one that works best for you. Here are some profitable home based businesses you can engage in: Copywriting, E-Commerce, Dropshipping, Affiliate Marketing, and Starting a Youtube channel.
What is the best home based business to start?
Some of the best home based businesses to start are Freelancing, Copywriting, Affiliate Marketing and Blogging.
What kind of business can I do from home?
There are many businesses you can do from home. Here in this post, I have covered five (5) good paying home based businesses that you can do.
You just discovered five (5) comprehensive good paying home based businesses that you can start. Most people want jobs that they can do either from home, a beach or from anywhere in the world. You can’t go wrong with those five (5).
What are your thoughts about good paying home based businesses that anyone can start? Comment below and let me know your thoughts.
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Disclosure: This post contains affiliate links. If you click on any of them to make a purchase, I may get a commission but at no additional cost to you.