7. Specialized Coaching: The coaching market has boomed in the recent years including specialized areas such as life, spiritual, corporate, relationship, and business coaching. As with any industry experiencing fast growth, new markets open up providing opportunities to those aware of the changing conditions.
Brad Sugars CEO of Action International, the franchise with over 900 business coaches sees the qualities of a good coach as, "a previous business background, a level of common sense of running a business and the people skills. Coaching is a person-to-person activity and the skill set of communicating people is essential."
According to Sugars, coaching is the hottest home business opportunity because of "the massive media recognition, business owners see it not as a luxury but a necessity, and there is more professionalism in the business."
8. E-Learning: With sky high fuel costs and limited employee time, many companies today have turned to web based learning for education and training of their workforce. IDC forecast the E-Learning market to reach $13 billion.
With advances in new web application tools such as podcasts and video blogs, development costs will decrease over time. Corporate training via the Internet is a must have for companies competing in a rapidly changing global environment. Meeting the needs in subject areas such as management skills and technology training, will place home-based entrepreneurs into the profit center of this industry.
Inc 500 company TrainingPro provides e-learning courses compliance to the loan and mortgage industry. Founded in 2000, the company has posted revenues of $5.8 million and 834% growth rate. Using the web provides the business with an information hungry market that wants to learn anyplace and anytime.
9. Specialized Outsourcing: Outsourcing is an integral part of life as a small business even before the term was widely spread. With limited resources and a focus on core competencies, companies serving the small business outsourcing market are in a solid position. While it seems big corporations are better suited to reach this market, small business owners trust and enjoy doing business with other small business owners.
Specializing in a business function such as sales and offering to serve to the business market is the best way to go for a small firm. New York-based Corporate Rain Inc. helps companies in the sales area. The company has grown from $10,000 a decade ago to millions today.
10. Scrap Booking: In today's easy to save and store digital age, consumers have been building a large photo library. One booming business capitalizing on this growth is the scrap booking industry. As one of the fastest growing areas of the craft industry, scrap booking accounts for over $3 billion a year in revenue.
Opportunities abound for the home-based entrepreneur as a professional scrapbook artist, workshop teacher, or a direct sales rep.Publisher Creating Keepsakes estimates the business is beyond fad and bigger than the golfing industry with 26.3 million American households scrap booking versus 23.7 million golfing households. This home business opportunity is well-positioned for the future.
Running a small business from the home will continue to be appealing to employees who crave independence, no commuting time, and flexibility. Turn your home in to a business.