Congratulations in the first place for searching for home based business idea. Like you, I have tried numerous opportunities based on ads, sending off credit card to get the insight from some millionaires, taking paid surveys, acted quickly to receive a 50% discount. I spent thousands of hours and dollars to explore a quick rich scheme to find the best home based business idea.

Out of these exercises, I learnt to do the proper due diligence and I learnt to pick the ones that worked. And I am more than happy to share the top ten home based business ideas with you.

Home Based Business Idea 1: Converting Your Hobbies into a Business
There are basically only two types of things in the world, one type is things you like to do, and the other is things you don’t like to do. Imagine how great life would be if you had a chance to live all your day by only doing the things you love to do.
I would call it living! Athletes call it Zone, Artists call it Flow.
You can live the life of your dreams when you convert those dreams into hobbies. Nothing else is more value than honesty, knowledge and true enthusiasm. Whatever your hobby is, you could make a great living out of it by turning it into a home based business.
What Do You Need?
Passion! You need to identify what your true passion is!
Ranking 5/5

Home Based Business Idea 2: eBay and Auction Selling
For just one moment, remember those days. No internet, no e bay. You put up a garage sale sign, and are awake from 5 in the morning, trying to sell the old lawn mower.
Now come back to current time. If you have the same lawnmower, you can get it listed into e bay, some one from 500 miles away from your home has just bought it for $400.00
Do you see the point? Could you turn it into a profitable business? I made six figure incomes by importing goods from drop shippers, and selling them through online local auction called trade me. Time Spent may be 1 hour a day or less.
What Do You Need?
How to add, subtract, email and know how to list in online auctions.
Ranking 5/5

Home Based Business Idea 3: Web designing
What on earth do you think made me learn web design at an age of 27, being a civil engineer?
Because I knew for what I am trying to achieve, I will need a website. I tried to get quotes from some local companies; sexy sales reps came to meet me and present quotations from 5 to 10k.
I knew there must be some other ways. I put an ad in the local student club, got it done at half the price and the designer showed me how easy it was. I downloaded demo version of Dream weaver and created my next website myself.
If you can design quality websites, I recommend right now quit your day job and start your own web design business.
What Do You Need?
A good PC, web design software (there are plenty of them available on the net even for free) and a bit of marketing
Ranking 5/5

Home Based Business Idea 4: Desktop Publishing
When I first started up my physical business, I knew the value to desktop publishers. How much I wished I could be one. Unfortunately my brain does not work that way! I called up so many people; I required logo, cards and brochure to be designed, and explored so many places, and they were so expensive!
If your brain works in this way, you have the gift to put together brochure and newsletters, you could offer your own desktop publishing service to other small businesses.
What Do You Need?
Although highly profitable, it is not for everyone. You need to be good in designing and efficient in using relevant software
Ranking 4/5

Home Based Business Idea 5: Business Coaching
There are two ways to learn, learning the hard way, by doing the mistakes yourself, and secondly learning the wise way, by learning from others mistakes.
Most of the successful small business owners are smart people and they prefer learning by looking at others mistakes. Also doing a silly mistake may become fatal to the small business owners. That’s why business coaching and mentoring is becoming increasingly popular everyday.
If you have relevant background or experience, by all means go ahead and start your own coaching business. If not, there is plenty of great business coaching franchises available for you.
What Do You Need?
An open mind, ability to feel others problem as your problem, leadership skills, knowledge and industry experience
Ranking 4/5

Home Based Business Idea 6: Child Care Service
Are you a big fan of Daddies day care movie? If you look at your local business directory, you will find that the hot businesses that get sold within two days of listing at a top price are child care businesses.
And the trend will be going up, up and up. As time goes by, parents will be becoming busier, and more willing to spend a fair chunk of their income for a good childcare service.
What Do You Need?
You can deceive the whole world, but you can not deceive a child mind. I really love children and wish I had the childhood connection with super intelligence back. You must be truly caring, and love children, I repeat you must love children
Ranking 4/5

Home Based Business Idea 7: Virtual Assistant Opportunity
Again, thanks to the internet and home based business. How much did a small business owner wished, if I could have a shadow secretary, filtering my email, drafting my letters, looking at the accounts, paying the bills and reminding me of my appointments? It’s a shame I can’t afford one!
Now it’s a different scenario. Virtual assistant opportunities in providing the above mentioned solutions are becoming popular and you could easily ride this tide. You could even employ some staff to help you out.
What Do You Need?
Some secretary skills, efficiency in using computers.
Ranking 4/5

Home Based Business Idea 8: Free Lance Photography
On my graduation day, for the first time in my life I used the service of a professional photographer. I was amazed to see his luxurious studio, his home theatre and audio system, and his collection of cameras and classical music (that is my one weakness).
Did you ever try to purchase a picture of a photographer for your article or college wall journal? Was it an easy task? Definitely not cheap!
If you like photography, you can combine it with internet to create a very successful home based business. You can offer your services as a free lancer to small and big companies, news papers, magazines. You could offer your service to weddings, college functions and where not?
What Do You Need?
A good camera, a good PC, a good collection of lenses and mindset of a good photographer
Ranking 5/5

Home Based Business Idea 9: Writing E Books and Articles
Napoleon Hill, when he wrote his book, got paid $1 a month from the president of USA. But when his book was published and sold, he earned more than a few millions from the sale during the first year.
Publishing a book is another mammoth task, almost a nightmare for a novice writer.
With e-books, you can eliminate this nightmare and enjoy a part of this great success by brilliant authors.
What Do You Need?
A bit of creativity, project planning and management skills and persistence
Ranking: 5/5

Home Based Business Idea 10: Interior Designer
No matter when you are moving to a new home, or re-decorating your home, moving to new office, how much do you wish for a consultation from an interior designer? Do you believe in Fang Shui?
If you are good in colour, material selection and arrangement you should go for it. If you do not have a relevant qualification, do not worry, you can just get one in 3 to 4 months from lots of organizations. Do well in whatever you are doing, and your phone won’t stop ringing.
What Do You Need?
A creative mind, passion for space and making things look better.

Money has always been in issue in times of today, we’re all shamelessly materialistic and we can admit it, only because it is what helps us survive is this tough world. Well, when you don’t have the time to take on an extra day job or the means to go out and get a job while you’re busy studying, caring for your children or whatever else, there is always a home based business. You can find these in abundance, but before you venture into that world, here are some facts you need to know first.Home based businesses are quite common these days and many people take full use of it to generate a solid income, without leaving the comfort of their home. Well, while we take advantage of the upside of it, some take advantage of it in the wrong way, making it quite dangerous for innocent people to use home based business opportunities, especially when it’s online.If you’re about to register to work on a specific site, say an online paid survey site or so, there would be some standard procedure forms to fill. These forms should ask for your personal details such as full name, address, contact numbers and nationality. There would also be a section for your likes, dislikes, interest and hobbies, meant to help narrow down survey choices for you. If the site request for additional information regarding your bank account, credit card numbers or anything money related, it could very possibly be a scam so it would be best to give this site a miss and move on to the next.In addition to that, be aware of all the activity that goes on in your business. If you’re starting a new service, understand all the terms and conditions before you start. If you’re selling things online, be clear of all payment methods and be strict about it as well. Some may say that they have banked in some money, though they haven’t so always be clear about asking for a reference number or receipt number. You should also always be aware of your current bank balance so that you’d know when money has been banked into your account.Besides that, when it comes to services or meeting people in person, always meet in public places and never agree to go to a clients house on your own and unaccompanied. If you have to meet in a home, bring along a friend or ‘business partner’. Also, when you’re starting out your profile, there would be no need to state your gender. When writing out the details of your business, do try to keep your writing style gender neutral as well, so as to not give away your gender and to keep your business purely professional.If you’re confident to start your home based business, then have a go at it and enjoy the advantages that comes with it. Just always be on your toes and be careful when it comes to things like money and payments. If your feel uneasy about something, go with your gut and get yourself out before you lose your money or anything like that.

Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.

Types of Auctions:

Different types of auctions take place around the world. Below mentioned are some types of auctions:

1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.

2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.

3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.

Examples of Auctions:

Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:

1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.

2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.

3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.

4. Horse auction: Bidders can bid for young horses of the best breed.

5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.

The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:

1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction

Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.