5 Home-Based Business Opportunities With No Startup Cost

A home-based business is any kind of business run from the comfort of your house. Most businesses operated from home normally start as small enterprises and finally change into medium companies or into large enterprises. Starting a home-based business is a dream for many people around the world. Unlike in the past where the startup costs associated with starting a home-based business prevented many people from joining this great industry, today there are many different home-based business opportunities with no startup cost.

These wonderful opportunities have smoothed the playing ground permitting many people to enjoy the economic success. However, you should be ready and willing to invest your time and effort needed to operate the business. The main reason why most people want to supplement their current job or replace it altogether is that they want to be independent, want to spend more time with family and would like to have control of their lives. If you are looking for opportunities to supplement your present income, below are 5 home-based business opportunities with no startup cost.

1. Online teaching

If you are a graduate, you can start an online teaching job from your home.There are several online colleges and universities looking for online teachers. Some of the qualifications include teaching experience and a degree in the field you are willing to teach. You will then be provided with a list and a timetable to choose several classes to teach at a time you think is perfect for you. However, you will need to understand their teaching method to be able to satisfy the needs and expectations of the students. The process of online teaching is similar to a typical school. As a teacher, it is your duty to look after your students. Your students will have to submit test papers through emails by a specific date. Your main task is to observe the work submitted by the students so that they do not find their answers by searching online.

If you are looking for a long-term home-based job, online teaching is one of the best opportunities. It offers good money, great benefits and is an exciting job to make money online sitting at home. In fact, it is considered as one of the best home-based jobs.

2. Freelancer writing

If you love writing, you can turn your talent into a home-based freelance writing business. There is a high demand for good writers worldwide. Many organizations are looking for people to look to write content for their websites, blogs, eBooks, advertisements, articles, and reports.

To start an online freelancing writing business, you need to decide what you are going to write about. Choose your style and topic and see if there is a demand for it. If you do not like a particular topic, there are chances that you will struggle to be motivated and probably you will not be able to give your client the best. The most important thing is to focus on a particular niche. This is because when you specialize in a certain field, you will be able to offer your best service and a chance to make good money. Writing is in the field of art, and just like most arts, there is a room for improvement. To improve your writing skills, read books, sign-up for writing courses, and understand your niche inside and out.

3. Affiliate marketing

Affiliate marketing is a business of promoting and selling products and services manufactured by other companies. This opportunity is probably the easiest home-based business. You are referred as an affiliate because you are only associated with the product or service you are selling but not part of the company that produced it. When you sell the product, you are paid a commission by the owner of the product. However, you will be required to find the right product or service to offer to the right customers at the right time. This means you need some knowledge of the field to be able to reap the benefits.

Some of the things you need to start an affiliate home-based business include, a website or a blog, website content and probably an email list.

4. Fitness online teaching

If you have a passion for teaching people who want to lose weight, stay fit and get into a good physical shape, then you can start a fitness online teaching business. Today, a good number of people are looking for personal trainers to get them in shape. Being a fitness online teacher does not mean you must be employed at a local gym or a workout center to build your client base. You can teach people about fitness at the comfort of your home. However, you must stay in shape and always maintain a casual-level of fitness if you are going to use videos when teaching your clients.

When starting a fitness online teaching business, you will need a blog or a website to promote your services, website content so that your clients can be able to trust your opinions and thoughts, and valuable giveaways to make your clients come back for more.

5. Tax preparation service

Every individual or business that earns income in any country must prepare their taxes. It does not matter whether the economy is busting or booming, every person should prepare his or her taxes. This means tax preparation service is a great business opportunity. However, you will need to promote your business to the targeted customers and always be up-to-date to the annual tax changes. But the financial benefits of achievement as a home-based tax preparer are amazing.

Some of the things you need before starting this kind of business include: registering as a tax preparer, designating a work-space in your home, familiarize yourself with numerous professional tax preparation software, registering your business, and identifying and marketing your business to target clients.


There so many legitimate home-based business opportunities with no startup cost and this information represents an overview of different opportunities. Getting the right home-based online business for you can be existing, however, you need be on the lookout for possible scams. Understand your passion and spend some time researching, and you will be able to find the right home-based online business opportunity that meets your desires.

Taking Online Surveys For Cash

One of the most popular ways of making money online is

taking online surveys for cash. Pretty much anyone is

eligible as long as they are over age 18 and have access to the


You can complete online surveys for cash, points, and other

rewards from the comfort of your own home. You make your

own hours and take as many or as few surveys as you want.

If you feel like taking a survey at 3:30 in the morning in your

pajamas, that’s just fine. Marketing companies are happy to

pay you for your time.

The first step you should take to start completing online surveys

for cash rewards is to sign up with a survey service and create a

profile. Your profile will tell them a little bit about yourself, your

likes and dislikes, and the types of products you buy and use.

You should be honest in your profile because your answers will

determine the type and number of surveys you receive.

Once your profile is in their database you’ll start receiving surveys.

Some companies have a members only area where you can pick and

choose the surveys you want to complete, but most will send you

emails listing surveys that fit your profile. For example, if you are

a sports fan you’ll likely get lots of sports-themed surveys. If you’re

a movie buff you may be asked to watch movie trailers and provide

constructive criticism.

Take as many surveys as you want. The more you take the more

money you make. Each time you successfully complete a survey,

you’ll see money credited to your account.

Depending on the survey service you’re using, you may have to reach

a minimum threshold before being paid. They do this to keep their

expenses down. But fortunately most minimum thresholds are only

around $10 to $25, so you’ll only have to take a few surveys to get paid.

So how much can you expect to make?

That depends entirely on you. The more surveys you take the more money

you’ll make. In fact, I recommend signing up with several different companies

that offer online surveys for cash to really boost your earning power. You can

set up an email address specifically for use with your survey accounts.

Don’t expect to get rich and quit your job by taking online surveys for cash.

But if you take just one or two surveys a day you can easily make a few hundred

bucks a month.

The Four Best Ways To Invest In Your Children’s Financial Future

When speaking of the four greatest ways to invest in your children’s future, one must start at home.

Childhood Training

Proper upbringing is an investment that will continue paying dividends into a child’s future. Some basic examples may include:

* Doing household chores in turn for a small allowance

* Encouraging part time jobs to save for college or their first car

* Setting up their first savings account

* Giving to a favorite charity or at church

Educational and Health Plan Coverage

With today’s unstable and volatile economic environment it would be wise to begin setting up a fund for the children’s education. Be it for a four-year degree program or a vocational certification course, having at least some funds in place will help make their road a little less strenuous when having to come up with tuition and other education expenses.

No one knows if any national health insurance will be in place when the time is needed. Therefore, preparing for a viable health plan for one’s children is another way to not only anticipate health expenses in the future but to be in a better position to confront them when they do occur. This can be done through company health plans or self-pay plans such as HMOs but health coverage is a must in any event.

Information Research

Today, through the Internet, parents can easily obtain the investment knowledge needed to make the best investments. By carefully researching each investment vehicle available and not moving too quickly, parents can fully formulate, within reason, what path to best take for their child’s financial future.

Carefully researching the vast depositories of knowledge available on the Internet’s “information highway” is a vitally important part of financial planning — and a prerequisite.

Setting Up A Financial Strategy

How can one know the best path to take if one doesn’t know the destination? Having specific goals and the strategic planning to achieve them are essential especially during times of economic uncertainty. As they grow older, teach the basic differences of having short-term, medium term and long-range goals. Also, show them some common investment vehicles for each category. Some examples of different investment classes may include:

  • Short-Term: U.S. Treasury Bills or Notes
  • Medium-Term: CDs or U.S. Savings Bonds
  • Long-Term: real estate and commodities such as gold

Childhood training, preplanned education/health plans, information researching and financial planning are truly the greatest ways to invest in your child’s future. Needless to say, it would be wise for parents to begin investing for their children as early as possible.

A Career Tip for Students – Have a Back-Up Plan

How many people do you know from college who ended up employed in careers entirely unrelated to their degrees? I know a few…actually, quite a few. Indeed, I would venture to say that a sizeable majority of college grads are now doing exactly what they did not set out to do. Out of survival necessity, or because a new dose of reality changed their interests or plans, they defaulted to something that simply did not figure into their original thinking. Dave has a B.A. in anthropology from the University of Washington, but, six years of stock clerk jobs later, along with some significant re-schooling, we see him working as a software engineer with Lockheed Martin. Janet has a B.S. in art history, but marriage, children, the cost of living, and the job market have directed her to re-train as a medical assistant. She is now working at a major hospital. These are both fictional characters and events, but they are based on an army of real cases.

So, if you are a student early in your college career and you are still thinking about choosing a major, or if you are a high school graduate looking forward, here is a piece of advice — don’t choose a major. Choose TWO majors. Particularly if your chosen major (which you are passionately attached to) is not something “hot”, as the job market goes, you may want to explore a second major that piques your interest but at the same time will afford you practical work opportunities as soon as possible after you graduate. In other words — HAVE A BACK-UP PLAN. This may mean taking a few extra courses. This may mean re-orienting your thinking a little about your future and your dreams. Here is a good first step in that direction: Check out the Occupational Outlook Handbook online by going to bls.gov/oco.

This is an excellent and comprehensive source of information about a variety of occupations. It is produced and updated by the U.S. Department of Labor and it is entirely online — no need to purchase or order anything or complete an online registration form. For hundreds of occupations, this Handbook will tell you about training and education required, salaries, what the workers do on the job, the working conditions, information about the job market for each state, and, perhaps most relevant to our topic — expected job prospects and job search tips. After you have done a little homework with this and any other sources you can get your hands on, then look at the school programs and requirements related to your choice (or short-list of choices, as the case may be).

Always remember that, no matter what your career passion is at the moment, it is a good thing to diversify. Go for two or more skill/education sets, rather than one. You may be glad you did…and you may have a little more control over your future as a result, instead of the other way around.

Introduction to Investment Funds – Financing University Costs

In December 2011 MPs permitted Universities to raise undergraduate fees from £3,350 to £6,000, and up to £9,000 in “exceptional circumstances” such as Oxford and Cambridge. Financing a child’s higher education pathway has therefore potentially become significantly more difficult for a large percentage of those entering University this year and beyond.

This report investigates ways in which the burden of financing a child’s University costs can be alleviated via sound financial planning and a solid investment strategy.

Junior ISAs

Junior Individual Savings Accounts (JISAs) were introduced in November 2011 as a means to establish an investment portfolio for young children in order to give them as secure a financial start in life as possible.

Junior ISAs can hold cash like normal savings accounts, or they can take the form of Stocks & Shares investments, but all benefit from having a yearly tax-free allowance.

Depending on the type of ISA chosen, they can either provide instant access funds or a longer term investment fund helping to offer and secure a child’s financial future, whilst promoting the concept of structured saving to the next generation of investors.

Investment Trusts

It is calculated that three years of University schooling plus living expenses will run up to about £50,000 in the current environment. This cost is projected to increase steadily throughout the coming decade.

As a result, investment trusts can be one of the most effective ways of accumulating funds in time for a child’s higher education.

Investment trusts consist of diversified portfolios that are professionally managed. Because the portfolio contents are pre-selected by experts, opening an investment trust can be one of the simplest methods of establishing a successful long-term investment strategy.

Trusts exist with a variety of risk levels which allow investors to select on the basis of financial risk exposure versus return potential.

The level of risk accepted by an investor should depend upon factors such as the value of the initial investment, the length of time available before the child begins University and the investment growth requirement.

As independent journalist Malcolm Anderson states for example;

A trust might hold 30% of assets as cash, 30% as reliable bonds and 40% in diverse equities guaranteeing a stable return that is not overly subject to the volatility of the stock market.

However, a portfolio of up to 80% diverse equities may make better financial sense as the opportunity to earn greater dividends is increased but if the stock market takes a downturn the investor will still have cash on hand to recoup losses.

If the investment trust can be structured for the long-term – 10 years+ – even greater financial risks can potentially be taken which will yield the greatest returns in stable or positive conditions. Successful investments can be exploited for longer and there is also time to regain losses should stock markets suffer a fall. The fact that the natural short-term volatility of stock markets is balanced out over time means that investment trusts can be considered to be solid options for long-term financial growth.

Grant &Scholarship Applications

Children from a range of backgrounds are entitled to having some, or even all, of their University expenses covered with a grant or scholarship if in need of financial assistance. For example, government-funded maintenance grants are available for full-time students from families earning less than £42,600 as their annual income. Grants and scholarships are also available from the Government, the Universities themselves, and even private parties for students who have specific career aspirations or extra-curricular interests, as well as those from certain family backgrounds with academic, artistic or sporting merit.

Flexible Payment Options

University fees have traditionally been paid per term. However, due to the aforementioned increase in University costs, many higher education institutions now offer monthly payment plans through third parties in order to reduce the financial burden. Banks facilitating these plans can charge a certain small percentage for providing the service but other private loan options are available and so, with professional advice, a sound plan can be implemented.

Many Universities are also offering monthly payment schemes in order to increase the range of options available.


The demands of financing higher education are challenging in the current financial and political climate. However there are a range of investment fund options and products and services in existence that help to relieve the financial burden. Scholarships, grants and flexible payment plans as well as investment in ISAs and investment trusts are each designed to offer solutions to suit a range of requirements and objectives.

Please do remember, the eligibility to invest in an ISA or similar will depend on your individual circumstances, and all tax rules may change in the future.

The value of investments can go down as well as up and you may get back less than you invested.