| Real Life Strategies for Building Wealth

The money-saving potential of working from home is endless, not to mention convenient. With zero travel costs, absolutely no need for a fancy work wardrobe and a welcome end to pricey coffee, setting up a home business may be the answer to your financial prayers. What’s more, if you’re not ready to give up work but want to spend more time with your kids or partner, home office allows you to enjoy the best of both worlds.

Are you looking to make money from home but not sure where to start? Here are some tips for setting up a home business without forking out over the odds.

Have a plan

As with anything, planning is key – and it doesn’t cost a penny. In order to start a home business, you need something to sell, be it goods or services. If you don’t already have a business idea, make a list of all your marketable skills. Can you speak a foreign language? Are you a maths genius? Perhaps you’re a crochet expert and could make a business out of that. Pitch your ideas to friends and family until you find something that not only has a place in the market but also aligns with your skills and interests. Total outgoings so far? Zero.

Set up your office

The great thing about having a home business is that you really can work from anywhere, giving you absolute freedom and flexibility – ideal for mums and dads with children at school. The trick is to keep your work and home life separate, and establishing a designated workspace makes this easier than you think. If you don’t have a room to spare, one option is to Feng Shui the living room or the kitchen, creating a separate section for your desk and computer. This website offers great inspiration for space-saving desk solutions, and many of them can be replicated in a simple DIY job, saving space and money.

Create a website

Your website is the heart and soul of your business and will be the interface between you and your customers. Fortunately, achieving a professional-looking website does not require lots of money, nor do you need to be a web design expert. Companies such as 1&1 offer a free website builder tool allowing you to pick a customisable design template and get your site up and running in next to no time. What’s more, your website can then be synchronised with social media, bringing us on to the next point…

Start marketing

Thanks to the internet you can market your business on a budget of zero. Social media marketing is the new word-of-mouth, and creating a Facebook page or Twitter account for your business is quick and simple. Friends and family can like and share your business online, and you can quickly and easily announce news and special offers in real-time.

Snacks and coffee: know your limit!

Finally, one of the biggest financial perks of working from home is that you no longer need to spend money on takeaway coffee and eating out for lunch. That said, it’s easy to give in to the temptation of having unlimited access to the kitchen, and you run the risk of overindulging. This isn’t great news for your waistline, nor is it healthy for your weekly food budget. Try to set up a separate “work stash” so that you can keep an eye on your daily coffee and snack intake with no unpleasant surprises at the end of the week.

photo credit: The View Still Hasn’t Changed via photopin (license)