As I’ve become more adept at website stuff, I’ve often thought of a lot of little online home-based businesses to start. I think that it would be fun and educational to go through the hoops of getting the business licenses, organizing things, doing cash-flow analyses, etc.
There seems to be three types of sites – ad-supported content sites, selling software or advice (virtual items), and selling physical items. While the first two are probably the easiest and requires the least inventory and/or physical space, I also want to involve my wife in it, and she doesn’t do computers. So we started brainstorming business ideas.
After throwing around a lot of ideas, we came down to this. It has to be a low-price, but luxury-type item. Something like a Starbucks Frappacinno. It’s a $5 expensive drink with huge profit margins, but everyone can ‘afford’ it. Our target market must have disposable income and it has to be fun and attractive, and ideally somewhat personalized. We can’t compete with Big Box stores like Walmart.
One potential area? Pets. After getting a dog, we found that people are freakish about their dogs. More and more 20 and 30-somethings are getting them instead of kids. Look at Hollywood – Paris Hilton, Jessica Simpson, etc. I mean, we have to buy birthday gifts and holiday gifts for our friends’ pets. We have several ideas for specific products, but need to do more research.
Any home-based businesses out there selling homemade physical products? Plug your site below (no viagra or junk like that please).
By Jonathan Ping | Entrepreneurial | 10/11/05, 10:23pm