In the era of remote work and digital connectivity, starting a home-based business has become an enticing prospect for many aspiring entrepreneurs. The flexibility, low startup costs, and the ability to tailor work to personal interests make it an appealing avenue for those seeking independence. In this article, we explore the 20 most popular home-based businesses in the US, backed by facts, statistics, and key details to guide aspiring home business owners. Here is information for unleashing entrepreneurship. Find the top 20 home-based business ideas here to get started being your own boss. Need help starting a business? Talk to a business consultant. Business startup consulting services are available.
Top 20 Home-Based Business Ideas
E-commerce Store
Overview: Setting up an online store and selling products has become increasingly popular.
Statistics:
- E-commerce sales in the US reached $365.2 billion in 2020 (U.S. Census Bureau).
- E-commerce is expected to account for 17.5% of total global retail sales by 2021 (Statista).
Freelance Writing and Content Creation
Overview: With the demand for online content, freelance writing is a thriving home-based business.
Statistics:
- Freelancers make up 36% of the US workforce (Upwork).
- Content marketing generates three times more leads than traditional marketing (Content Marketing Institute).
Virtual Assistance
Overview: Providing administrative support remotely for businesses or entrepreneurs.
Statistics:
- The virtual assistant market is expected to reach $13.4 billion by 2026 (Grand View Research).
- Businesses can save up to 78% on operating costs by hiring virtual assistants (MyTasker).
Online Coaching or Consulting
Overview: Leveraging expertise in a specific field to offer coaching or consulting services online.
Statistics:
- The global online coaching market is projected to reach $1.34 billion by 2027 (Grand View Research).
- Companies that offer mentoring programs report a 96% higher employee retention rate (Deloitte).
Graphic Design
Overview: Creating visually appealing designs for clients, from logos to marketing materials.
Statistics:
- The graphic design industry is expected to reach $46.9 billion by 2023 (IBISWorld).
- Design-driven companies have outperformed the S&P Index by 219% over the past 10 years (Design Management Institute).
Social Media Management
Overview: Helping businesses enhance their online presence through social media platforms.
Statistics:
- 73% of marketers believe social media marketing has been “somewhat effective” or “very effective” for their business (Buffer).
- The number of social media users in the US is expected to reach 257 million by 2023 (Statista).
Affiliate Marketing
Overview: Promoting products and earning a commission for every sale made through your referral.
Statistics:
- Affiliate marketing spending is expected to reach $8.2 billion by 2022 (Rakuten Marketing).
- Amazon’s affiliate program, Amazon Associates, has over 1 million members (Statista).
Online Fitness Training
Overview: Providing fitness training and coaching services virtually.
Statistics:
- The online fitness market is estimated to reach $59.2 billion by 2027 (Grand View Research).
- 85% of consumers prefer home workouts (STATISTA).
Handmade Crafts and Etsy Shop
Overview: Creating and selling handmade goods, often through platforms like Etsy.
Statistics:
- Etsy had 4.4 million active sellers and 82.6 million active buyers in 2020 (Statista).
- The global handmade crafts market is projected to reach $718.8 billion by 2026 (Grand View Research).
Online Tutoring
Overview: Providing academic support to students through virtual tutoring sessions.
Statistics:
- The online tutoring market is estimated to reach $60.9 billion by 2027 (Research and Markets).
- The global private tutoring market is projected to grow at a CAGR of 6.75% from 2021 to 2025 (Technavio).
Dropshipping Business
Overview: Selling products without handling inventory by partnering with suppliers.
Statistics:
- The dropshipping market is expected to reach $591.77 billion by 2027 (Grand View Research).
- 33% of online retailers use dropshipping as their primary fulfillment method (E-commerce Platforms).
Remote Tech Support
Overview: Providing technical support to individuals or businesses remotely.
Statistics:
- The global outsourced technical support market is expected to reach $30.6 billion by 2025 (Grand View Research).
- 73% of customers prefer to solve technical issues on their own (Microsoft).
Digital Marketing Agency
Overview: Offering a range of digital marketing services to businesses.
Statistics:
- The digital marketing software market is expected to reach $105.28 billion by 2027 (Grand View Research).
- Businesses spent $135 billion on digital marketing services in the US in 2020 (Statista).
Home Renovation and Interior Design
Overview: Providing home improvement and design services remotely.
Statistics:
- The home improvement market in the US is expected to reach $680 billion by 2025 (Statista).
- The interior design services market is projected to grow at a CAGR of 5.8% from 2021 to 2028 (Grand View Research).
App Development
Overview: Creating mobile applications for clients or developing your own.
Statistics:
- The mobile app industry is projected to generate $935.2 billion in revenue by 2023 (Statista).
- 218 billion mobile apps were downloaded globally in 2020 (Statista).
Personal Chef or Catering Services
Overview: Offering culinary services, from meal preparation to event catering.
Statistics:
- The global catering services market is expected to reach $548.8 billion by 2027 (Grand View Research).
- The personal chef market is anticipated to grow at a CAGR of 5.4% from 2021 to 2028 (Research Nester).
Language Translation Services
Overview: Providing translation services for individuals or businesses.
Statistics:
- The language services market is expected to reach $77.5 billion by 2027 (Slator).
- The demand for language translation services is growing at a CAGR of 7.5% (Grand View Research).
Pet Sitting and Dog Walking Services
Overview: Caring for pets and offering dog walking services for busy pet owners.
Statistics:
- The pet care market is expected to reach $343 billion globally by 2030 (Grand View Research).
- The US pet services market is projected to reach $11.29 billion by 2025 (Statista).
Wedding Planning Services
Overview: Assisting couples in planning and organizing weddings.
Statistics:
- The global wedding planning market is expected to reach $9.26 billion by 2027 (Grand View Research).
- 69% of couples hire a professional wedding planner (WeddingWire).
Podcasting and Online Broadcasting
Overview: Creating and producing podcasts or online broadcasting content.
Statistics:
- There are over 2 million active podcasts and 48 million podcast episodes as of 2021 (Podcast Insights).
- 57% of podcast listeners have made a purchase based on a podcast ad (Nielsen).
Embarking on the Home Business Journey
Aspiring entrepreneurs have a plethora of home-based business options to explore, each offering unique opportunities for success. Unleashing entrepreneurship with the right business idea, and maybe professional assistance. The statistics and facts underscore the viability of these ventures, providing a solid foundation for those seeking to embark on the rewarding journey of starting a home-based business in the dynamic landscape of the United States. Here is information for unleashing entrepreneurship. Find the top 20 home-based business ideas here to get started being your own boss. Need help starting a business? Talk to a business consultant. Business startup consulting services are available.
