Profitable Home Based Business

So you want to start a profitable home based business, but you want it to be profitable quickly. While most business do take a period of time to become profitable, there are some businesses that allow you to break-even faster than others. Here are the top 5 home based businesses in which you can break even in two months to one year:

Profitable Home Based Business #1: Business Plan Writer – While others have great business ideas, they may not be the best at putting together a winning business plan. If you have a good combination of writing skills, business expertise, and creativity you can use them to create a profitable home based business. You will most likely be working for entrepreneurs that are seeking loans and investors, so you will need to understand how to create a plan that effectively relays strategies, market position, financial needs, and start-up costs.

Your start-up costs, though, will be very low. You will basically need to purchase liability insurance to cover any predictions that do not come to fruition. Yet you can earn anywhere from $2,000 to $25,000 per project.

Profitable Home Based Business #2: Public Relations – Do you have great social skills and an ability to promote things? Then starting up a public relations company may be right for you. The possibilities are endless in the niches you can fill. Some public relations firms focus on government affairs, lobbying, media, public affairs, publicity, advertising, and more. You should try and invest in professional accreditation, and your own promotional ability can lead to incomes ranging between $65,000 and $175,000. There is little overhead with a maximum of 20 to 40 percent of your income making this a profitable home based business.

Profitable Home Based Business #3: Financial Planner – If you have some finance experience, you can get the qualifications needed to become a certified financial planner. In this position you will help people make informed decisions as to what they should do with their money and investments. While a broker looks mainly at stocks, you would be looking at a person’s whole financial pictures. You should look into what areas of financial planning you want to focus on and get certified, as it will help you build clients. It is also a good idea to take continuing education classes. Still, your expected income could be in the range of $40,000 to $90,000 per year.

Profitable Home Based Business #4: Personal Chef – Got a knack for creating healthy and tasty meals? Then you may want to consider starting a personal chef business. Many people are too busy today to do their own cooking, and hiring someone to cook meals for $7 to $8 per meal is much cheaper than going out to eat. The job takes a budget conscious and creative cook, but many personal chefs have a profitable home based business making anywhere from $3,000 to $4,000 per month.

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