These days, more people than ever are working from home. But even after the days of social distancing are over, there will still be some businesses that are perfect for operating from your home.
If you’re looking to start a business, consider these nine perfect business ideas for working from home. They have growth potential and you won’t need a physical office to be operational. When you find your new career path, find out how a Chase for Business bank account could be the right fit for your new business.
1. Web development
In this growing industry, you will help clients create, update and maintain their websites. Web developers take responsibility for both the look and function of the pages they create, although many specialize in one or the other. You will also collaborate with specialists who create elements such as graphics or audio.
There is also the opportunity to expand your business. According to United States Bureau of Labor Statistics (BLS) , computer systems design and related services are expected to remain one of the fastest growing industries in the near future. Until 2028, the agency forecasts annual growth of 2.2%. Starting your web development business now could give you a leg up on the competition as this industry continues to boom.
2. Medical coding and billing
Medical coders and billers work with doctors’ offices to update patient records and submit claims to insurance companies. This process involves reviewing doctors’ notes for diagnosing and treating patients, adding standard codes to records, and following up to receive payment.
Special medical coding training programs can help you learn what you need to know to get started. Since BLS predicts significant growth for doctors’ offices, ambulatory care centers and medical laboratories, demand for this type of business is likely to grow.
3. Management of rental properties
As a landlord, you own, manage, and maintain rental properties, making it a natural home business. Landlords can seek out a range of opportunities, from renting entire houses or apartments for long-term rental to renting a bedroom or two for short-term rental.
Of course, the most important thing is that you own a property that you can rent out. You may also need access to a rental platform and reliable transportation to and from your properties. Owners must also perform (or hire someone to perform) repairs and maintenance. Since residential construction and home maintenance services are two of the fastest growing industries in the countryworking as a landlord allows you to take advantage of this booming market.
4. Data entry
As a data entry specialist, you put raw information into a useful format for businesses and customers. You can also use applications such as QuickBooks or SalesForce to import data and ensure that it displays correctly and completely.
Data entry usually does not require any special training or skills. But if you have additional experience in office work, social media management, and administrative support, you may want to consider expanding your business to offer virtual assistant services. Placement agencies may be able to offer job placement assistance.
5. Delivery conduct
You can work independently or with a third-party company to transport packages from sellers to buyers. This often involves a route between a warehouse or hub and delivery destinations. All you need to start this business is a car – you probably won’t need a home office. Ride-sharing and food delivery companies all use independent drivers, so the need for delivery contractors will likely increase.
6. Resell online
As an online marketplace reseller, you buy goods at wholesale prices and resell them online for a profit. You may not need extra space for inventory, as some marketplace vendors will allow you to store your inventory in their warehouses.
Before you begin, research some of the most profitable items to sell through online marketplaces and what type of financing may be available to you. You can also focus your business on exciting and unusual trends to help you stand out within the industry. With relatively little start-up capital, you could build a thriving resale business.
With a great idea, a smart business plan, and the right financing, you have the power to start a business from your living room. Make a plan to start your home business and get a head start on these emerging trends. Once your business is launched, you can open a current account and a business savings account and see what type of financing is available to you by meeting with a local investment banker.
For Informational/Educational Purposes Only: The opinions expressed in this article may differ from those of other employees and departments of JPMorgan Chase & Co. The opinions and strategies described may not be appropriate for everyone and may are not intended to be specific advice/recommendations for any individual. . The information has been obtained from sources believed to be reliable, but JPMorgan Chase & Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. You should carefully consider your needs and goals before making any decisions and consult with the appropriate professional(s). Prospects and past performance are not indicative of future results.
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