Low/ No Investment Home Business Ideas

A Home Business Article Contributed by Kaajal Tomar

Deciding on a Home Business

Starting a home business is no mean task. The very first step is to make a decision on the kind of home business you want to start. Once you have narrowed down some options, make a list of everything that would be needed for those businesses. Certain things should be kept in mind while taking this important decision.

1.Do you have enough savings with you that would last until your home business hits the break-even point or starts making profits?

2.What would the size of your investment into this home business?

3.Would you have to take a loan to start your home business? Would it be a viable option?

4.Do you have the ability to start a business at home? Make a list of your skills.

5.Is there a market for your products or services?

6.Do you have enough space in your house to set up your office?

7.Do you want to work full-time or part-time for your home business?

If you answer is negative for most questions, then you should start a part-time work or a business which will require little start-up capital.

Low Investment Home Business Options

There are some businesses that can be started with little investments. This implies that you start earning a profit from the beginning itself.

. Medical Transcription - the job of a medical transcriptionist is to transcribe or write the data for a medical professional. A medical degree helps but a course in medical transcription is good enough to get going. You will need a good typing speed and you must be a good listener. As the job entails listening to the dictation by the medical professional, either directly or through recorded data, having a good ear will improve and speed up your work.

This was one of the hottest jobs in the last decade but due to technology advances like voice recognition softwares, a lot of medical professionals dictate directly to the computer. But there is still demand for professionals in this field.

Your investments would be a computer, the cost of your training and whatever marketing you do to promote yourself in this profession. This can be also done as a part - time job or a side business. The money is good. As your experience increases you can charge a higher amount.

. Technical Writing - the technology is changing very rapidly. New advances in technology has created a market for professionals who can simplify the technical language for the lay man. The work of a technical writer is to write about new technology, emerging trends, new advances but in a simple and clear form. People with a technical background have an edge in this profession. There are no separate courses for this job.

If you love to write and if you are fascinated by technology, then a career in technical writing is just right for you. You will have to investment money for a computer, a phone line, and for necessary softwares. The total initial cost will depend on the quality of the infrastructure you will buy. This is a good low investment home business option.

Home Business Initiative

Any one who is willing to work hard and is enterprising enough to take some risks, can start a successful home business. There are no dearth of options. A good research and initiative on your part will yield good results.