You’re capable of more than you think.
I realized this when I wanted to paint my walls and the contractor gave me a quote that I could not afford.
What did I do next?
I chose the DIY route…
Yes, I painted my walls. And I am so proud of myself.?
Why am I sharing this story with you?
Because I want you to understand that...
If I can do it, you can do it too.
Now imagine turning your potential into a money-making gig. ???
I am talking about DIY businesses...
DIY business ideas offer a range of advantages to budding entrepreneurs.
First, they are easy to start.
Second, they need less capital.
Third, they give you a chance to maintain a work-life balance. And the list goes on...
The best part?
You get to enjoy the entrepreneurial and financial freedom that is impossible with any 9 to 5 job.
Sounds great, right?
Why This Post Is A Goldmine You Can’t Afford To Ignore?
Well, it took me many days to research and compile a list of profitable business ideas you can start at home today.
I consider myself lucky, as I have had the opportunity to encounter many success stories, which I want to share in this post.
One of those stories was of Lisa Jolly.
Lisa is the proud owner of 'The Honeybunch Shop.' She started her soap-making business with $300 before growing it into a franchise.
You can read her story here.
I also read about Riley. She started her kids' jewelry brand when she was only 10. You can find her story here if you want to know more about Riley and her popular Gunner and Lux brands.
There are thousands of other stories, too.
I know all these stories are inspiring. These DIY entrepreneurs have already achieved their goals.
It’s your turn now!
So, what’s the best business idea for you? ???
Should you learn some new skills or start with something you already know?
What are the benefits of starting a home-based/DIY business in 2024?
What challenges might you have to face when starting your own DIY business?
Continue reading if you want to find answers to these and many other similar questions...
Pros & Cons Of Running A DIY Business
Pros
You get to be your own boss
Nothing feels better when you’re your own boss.
✅ You can work on your terms.
✅ You can choose to work with the people you want.
✅ You can keep 100% of the profits to yourself.
This is huge, isn’t it?
You can work in your PJs
You don't have to invest in an office wardrobe when you work from home. You can work in your PJs from the comfort of your home when you run a home-based business.
You can maintain a better work-life balance
You can spend more time with your family when you don’t have a schedule to follow.
You will enjoy tax deductions
The portion of your house you use for your business will become eligible for a tax deduction.
Now, let's have a quick look at the challenges as well.
Cons
You’re on your own!
Running a DIY home business is a huge responsibility. While you can enjoy entrepreneurial freedom and flexibility, it comes at a cost.
Let me elaborate...
Before you see the cash rolling in, you need to be your own accountant, support agent, and marketer.
Running a home-based business requires a lot of time, effort, and patience. So, make sure you’re ready before getting started.
There will be many distractions
When you’re running a business from home, there will be many distractions. Especially if you have kids, you’ll need a distraction-free zone to work in peace.
You have to buy an individual insurance plan
Almost all regular jobs cover basic insurance plans for their employees. You have to arrange your own when you work from home.
There will be some dry spells
DIY home business is not for you if you're not ready to face challenges.
Sure, you can expect greater income potential in the long run. But get ready for times when you'll be making no money at all.
But as they say, good things come to those who wait. So, have some savings handy to fall back on when going through dry spells.
Finally, we're down to the most-awaited section - 10 DIY home business ideas you can start in 2024.
Let's see what we have in store for you in this section.
Use Debutify to skyrocket your sales in 2024 and beyond. Our theme has everything you need to get started.
10 DIY Business Ideas You Can Start At Home
1. Sell Hand-Made Jewelry
Hand-crafted products like Jewelry eCommerce are trending.
Why? because they're exclusive, and most of the time, sellers create only a single piece to sell.
You can even choose a sub-niche to make your business stand out. How about wood earrings or exclusive marble bracelets? The sky's the limit.
Beads, crystals, and other supplies are readily available in your local craft store. That means you don't need a lot of capital to get started.
If you have a creative mind and a limited budget, this DIY business idea is for you.
Up next is...
2. Start Dropshipping
One of my friends wanted to start an online business, but he had no money to invest in inventory upfront. Also, he was finding it hard to manage everything from his one-room apartment.
So, he started a dropshipping store.
Today, he is working with over 3-5 suppliers and earning a decent income every month.
You can also do this.
Dropshipping is great if you don’t want to invest in inventory and warehouses.
All you need to do is pick the right suppliers, and you can make some good cash without emptying your pockets.
Check our ultimate Oberlo guide to learn more about dropshipping.
Let’s move on to the next one...
3. Buy Products In Bulk And Sell Them Online
You can also buy products in bulk and sell them online.
If you travel often, you can buy unique products from abroad and sell them.
You need ample space to store those products, though.
If you’re worried about the website and showroom, I have good news.
You can use your home as a showroom at the start. You don't need a website to sell your products, either.
Set up a Facebook page and an Instagram handle and start selling from there with no hurdle.
How awesome is that?
What else can you try? Let’s find out…
4. Start Online Tutoring
There’s an audience for about every desirable skill online.
So if you have teachable skills, consider sharing your knowledge through online classes.
Chris Carey, the founder of MAPerformance, is the biggest example. He started his journey by sharing car maintenance and repair tips on online forums.
After gaining the trust of his audience, Carey launched his automotive business website.
“Nothing can stop you if you don’t let it.”
So, keep trying…
Another DIY business idea you can try is...
5. Start A Print-On-Demand Business
A print-on-demand business is another profitable home business idea you can try.
Again, you don’t need to pay for stock upfront.
The best part?
You can customize white-label products using your creative designs.
If you’re looking for inspiration, check out the Outrage brand. The founder, Rebecca Lee Funk, designs print-on-demand T-shirts.
A successful launch campaign turned her business into a thriving brand.
Keep reading, as we still have 5 amazing DIY home business ideas for you...
6. Start A Catering Business
Start a catering business if you love everything food-related.
On average, US households spend over $7k a year on food. ?
If you have culinary talent, catering might be the right career for you.
Up next on our list is...
7. Offer Online Services
Let me share a little secret with you...
You can start your home-based business with zero investment.
How?
Let me explain.
You can offer services online.
But there is a catch...
You have to invest your time instead of money. ⏰
Also, service-based businesses need referrals and lots of networking to grow.
Here are a few services you can offer from the comfort of your home:
- Graphic Designing
- Freelance writing
- Carpet/home cleaning services
- Virtual assistance
- Data entry
- Marketing
You don't need many customers to do well. A handful of loyal and long-term customers would do fine.
8. Start A Soap-Making Business
Many people have already ditched chemical-based beauty products and turned to organic skincare for their everyday needs.
Now, that lends a fantastic opportunity for you.
How?
You can make and sell DIY soap bars online.
You can start right away if you know how to mix ingredients with scents and other materials. If not, you can learn this skill by enrolling in an online course.
Udemy and many other platforms offer such courses. So finding a suitable option wouldn't be a problem.
9. Sell Scented Candles
We all love scented candles.
I head over to Amazon and Etsy every now and then to buy my favorite fragrances.
So you know how to make them? Wow!
Then you already know what you have to do. You don't need my advice in that case.
All the best! ?
We are down to our last option...
10. Sell Hand-Crafted Bags
Just like jewelry, customized handbags never go out of fashion.
You can play with different materials and offer unique and personalized products.
Take The Plunge - Get Started Today!
Starting a DIY home business is the best thing you can do.
My goal in writing this blog about home-based business ideas was to give you as many choices as possible.
Now, the ball is in your court. ?
