With the country obsessed with recession and people being laid off left right and center, many people are starting their own home based business to provide themselves with a course of making money. This is in part because there simply are not enough existing jobs to go around, but that doesn’t mean its a bad idea. Being your own boss is hard work at times but it can also be very rewarding and give you a lot more freedom regarding what times you choose to work and when you pay yourself amongst other things. There is also the massive advantage that you are now making money for yourself as opposed to somebody else. This can be a big motivational factor and one of the main areas where running your own business differs form working for another company is the fact that as your home business grows, then in turn, so do your earnings. There is no upper limit to the amount you can earn, if you can make your business work, you stand to bring in some very good rewards. I have come up with a few home based businesses new startup ideas that you may find useful for deciding what you want your new business to do. This is possibly the most important choice you will make when starting a new company so choose carefully!

1. A great idea to mull over is starting your own company providing computer repair services, If you are competent with PC’s and have a good enough knowledge then this can be a real money spinner. Get a smart website made for a few hundred pounds and promote it by using SEO to rank well for search terms like mac repair london and data recovery in london. You can also approach local small businesses and offer a call out based support service to get your name out there and gain some credibility and good repute within local business circles, once this happens you should be able to pull in a good deal of work from referrals alone. The costs needed to start such a business are exceptionally low, and the only real requirement is the fact that you are sufficiently competent to be able to provide a high quality service. Even if you are not currently at a level where you feel you could do this, there is no reason why you should not think about taking night classes or doing an internet based course to learn the skills in your spare time. Shop around and you should be able to find a suitable course for under a thousand pounds which can be paid in monthly installments.

2. Website design can be a great business undertaking, if you have a talent for coding in php and HTML and are reasonably adept at creating stunning designs and artwork then you could consider starting your own web design agency. Generally a basic website that would take around two or three days to make can be sold for around six hundred pounds, so there is definitely a good profit margin to be had. You could even offer a service whereby you provide hosting for your clients and update their sites for them for a small monthly fee, this would be rewarding as it would build into a fair sized enduring income over a fair amount of time. Many web hosting companies provide reseller hosting packages which allow you to sell their hosting as your own service. Some even have unbranded control panels.

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