Business & Start-up

11 Steps to start a business from home

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Business from home is becoming hugely popular nowadays. Especially since the year 2020, people around the world have started doing businesses right from home. Many people are wishing to start a business from their home soon. But many of them are probably not sure about the process to start a business from home.

Here, you will know about the following things;

What does business from home mean?

Business from home means that business which is usually operated and managed by a person right from his/her home.

This type of businesses are mostly sole proprietorship and online based. A business owner operates and manages his/her business from home by using online platforms. If required, he/she takes help from family member(s) or basic level employee(s).

How to start a business from home?

Starting a business is always challenging and exciting. It is also the same for starting a business from home. Like any other business, you need to go through a process to start your business from home.

If I divide the process into steps, then there are 11 steps you must go through to start your business from home. Those are:

  1. Ensure a suitable environment and facilities
  2. Select the category of business
  3. Choose a name for your business
  4. Select the source(s) of products
  5. Apply and get the required legal permission(s)
  6. Ensure online identity
  7. Get a logistic partner
  8. Select and set up home workplace
  9. Prepare the relevant things
  10. Get and organize products
  11. Start and promote your business online

These have been described below.

1. Ensure a suitable environment and facilities

This is the first step to face if you want to start a business from home. Business from home requires a productive domestic environment that is suitable to operate and manage a business. Home environment is a key factor to run a business from home.

The environment of home is not the same for all people. You need to give your attention to that before thinking about anything else. If your home environment is not suitable to run a business, then you need to make it suitable first. You must ensure that you have a productive environment at your home for doing a business.

Besides the environment, you also need to be sure that your home is well facilitated to run a business. You must have enough space, internet connection, etc at your home.

2. Select the category of business

If you have a home which is suitable to do business, then the next step is to select the category in which you want to start business. You need to decide whether your business will be product based or service based.

You can choose any category according to your expertise and interest. You can start a service based business, such as: digital marketing agency, web designing agency, remote consultancy agency, etc. Or you can start a product based business in which you will sell different types of products from your home.

3. Choose a name for your business

Every business needs an identity. So, after selecting your business category, you need to choose a name for your business.

You can choose any name for your business. But It is recommended to choose a name related to your business type. You also must check the availability of a domain name for your desired business name.

I recommend not to finalize your business name if that domain name is not available to purchase. Because a domain name is a must to have for today’s business.

4. Select the source(s) of products

After finalizing your business name, if you want to start a product based business then you must select the source(s) from where you will purchase products to sell.

You can purchase products from the local suppliers around you and sell those products from your home. But the best option is to purchase the required products directly from international sellers. It will be more profitable for you in the long-term.

Depending on the quantity of product, you can place your order online through Alibaba, AliExpress, or DHgate. These are the most popular wholesale online marketplace globally.

Every business needs legal permission from the respective authority. After choosing the category of business and source(s) of products, you must apply for the legal approval. The number of permission varies depending on the nature of business.

If you want to start a service based business, you may need a business license and a service related registration license depending on the rule of your country.

On the other hand, if you are thinking about a product based business, then you may only require a sole proprietorship business license. But if you want to import products from the outside of your country, you may need to have an important license.

6. Ensure online identity

Nowadays, online identity has become an essential part for any business. It is not possible to grow a business without having online identity and promotions. After getting required permission(s), you need to ensure the online presence of your business.

To ensure your online presence, you need to buy a domain name. You may not realize the importance of a domain name initially, but it is a must have to make your business large in future.

Besides your domain name, you also need to create business profiles for your business on social media platforms, such as: Facebook, Twitter, Instagram, LinkedIn, etc to promote and sell your products or services. It is recommended to create all the profiles with the same username as your domain name. It will look more professional.

7. Get a logistic partner

After ensuring your online presence, in the case of product based business, you need to get a logistic partner for your business. Your logistic partner will play an important role towards your success in business from home. This step is not required for any service based business.

As you will operate your business from your home, in most cases, it is not possible to sell products and services at home due to privacy reasons. So, you must offer your business online.

A product based online business highly depends on its logistic partner. People will purchase products through your website or social media pages and you have to deliver products to their doorsteps in the quickest time with the best condition.

If you make a mistake in selecting a logistic partner, then it will negatively impact your business. So, you must be careful to select a logistic partner for your business. You should select the best possible option for your logistic support.

8. Select and set up home workplace

After completing all the things described above, you need to select a place at your home from where you will operate your business. This place must be separated from the common areas of your home. This will be your home office.

If you are starting a product based business, then you will also need to have a separate place to store your products. If you have a large room as your home office, then you can store and organize your products in the same room.

It is always recommended to use a separate place to store your products. Because too many products in your office room can create many difficulties in your working environment.

After selecting a workplace, you need to set up that place to make ready for your work. Depending on the type of your business, you may require different types of products to set up your workplace, such as: furniture, computer, decorative items, etc. You can purchase all of your required products online through Amazon or AliExpress.

9. Prepare the relevant things

You will need many relevant and supportive things to run a business, such as: business cards, packaging materials, different types of gadgets, etc. After selecting and setting up your workplace and store area, you need to prepare all the relevant and supportive things related to selling your products and services.

With those things, you need to ensure the best experience for your customers. Because the experience of customers is the most important thing for any business. So, you need to choose and prepare the best possible things to serve your customers.

10. Get and organize products

You need to focus on your products and services now. In this step, you will collect products from the already selected source(s).

During the selection of products, you have to be sure about the quality of each product. Try to get the best quality products possible. Because the future of your business will depend on the quality of products and services. So, I recommend you not to go for cheap alternatives, always go for the best.

In the case of product based business, you can get the best quality products online from the international market places, such as: Alibaba, AliExpress, DHgate, etc. After you start getting products, you need to organize those properly. It will increase your productivity.

11. Start and promote your business online

After completing all the previous steps, now you are ready to make your business live. You need to publish about your products or services on social media platforms to let people know about your business, products, or services.

It is recommended to publish a website for your business right from the beginning. You just need to buy a domain name and a hosting plan to make a website for your business. If you need help to create and run a website, you can get it from a web design agency.

After publishing your business online, you need to promote your business through social media platforms. You can create digital campaigns for your own business. Alternatively, you can do it with the help of a digital marketing agency.

So, if you are thinking of starting your own business from home, just follow the 11 steps discussed above. These steps will help you start your business successfully.

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