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Best Home Based Business Opportunities For 2008

When it comes to the best business opportunities, variety is the key word for 2008. The best business opportunities of 2008 are those opportunities that meet people’s needs on one end of the scale or the other. Here, in no particular order, are my predictions for the best business opportunities for 2008, business opportunities with the best potential for profit and growth.

(For more of what I consider to be the best business opportunities, have a look at the sidebar; the More Business Opportunities box lists articles that present some of my past predictions for the best business opportunities of the year. Note that many of these business opportunities will work as home businesses. If you are particularly interested in starting a home-based business, you may also want to read my article on Top 10 Industrial Based Business Opportunities.

The Best Business Opportunities and industries for 2008

  1. Sign Manufacturing – #1 business opportunity of 50 top business opportunities.
    Every business needs to advertise. Signs provide companies with a high return on their advertising investment.  A newspaper or magazine advert lasts a short run, but signs generate business for many years and are highly effective. Sign manufacturing is one of the highest rated of the many business opportunities available.


  1. Nutraceuticals – business opportunities that work.
    Consumers want more than just nutrition from their food – they want health benefits, too. We don’t just eat tomatoes because they’re tasty, but because we know they’re filled with lycopene which helps fight prostate cancer. The market for nutraceuticals and functional foods, says Agriculture Canada, is “large, global and growing”. In 2007 Canada's functional food market was estimated to be worth $3.7 billion. Now that is a business opportunity worth investigating. Ref: business opportunities weekly


  1. Human Resource Professionals – business opportunities that work
    Business opportunities that are aware of the predicted problems of the future is already here – a labour shortage. In fact, this is the number one problem facing SMEs this year. Head-hunters, recruiters, employment agencies - turn this top problem into a top business opportunity by being the person or people able to solve staffing problems for small and medium-sized businesses.


  1. Renovation Management – business opportunities that work
    You already know that – business opportunities that supplies trade’s people are going to have another superlative year as the renovation boom continues. Conversely, this means that many consumers are going to have bad years (or at least extremely stressful, irritating ones) as they struggle to get through whatever renovation they have planned. If you’re a super-organized person who can get the right trades people to show up to work on time and finish their work by set dates, this could be a golden business opportunity for you.


  1. Care Consulting - – business opportunities that work
    A parent has gotten to that certain age and stage where he really shouldn’t be living on his own anymore. But what are the options available and how much do they cost? Busy children don’t have the time to investigate them all or even know where to find out. Providing the answers and helping with the arrangements is an excellent business opportunity.


  1. Baby gear – business opportunities that work
    We may have a low birth rate but we sure do love to lavish attention and money on the children we do have. From cute togs through designer strollers, baby gear is a popular business opportunity. While the obvious business opportunity here is the retail storefront, there are all kinds of permutations that could also be profitable, such as an eBay business opportunities or a consignment store for used baby gear.


  1. Doggie day-care/hotels – business opportunities that work
    And then there are the non-human children, also known as pets. Many of us obviously feel that our pets should be treated just as well as people and are willing to spend the bucks to ensure that this is so. Cash in on this best business opportunity by opening a doggie day-care that lets busy dog “parents” work without guilt or by opening a doggie hotel that offers pampering for travelling pooches. Fashion inclined? Pet wear!


  1. Personal Catering – business opportunities that work
    Business opportunities abound for meeting the catering needs of busy professionals and families. Relieving people of some of their daily meal preparation chores while ensuring that they have nutritionally healthy but tasty meals is sure to be a hit. Think along the lines of what the daily housekeeper used to do. You could offer pre-packed lunchboxes or a week’s worth of entrees delivered, for instance. And then there’s catering for special occasions. Practical business opportunities are consistent.


  1. Pool cleaning, refuse removal & gardening services – great business opportunities
    Business opportunities maintaining practical home chores for the busy executive will be consistent revenue whilst building a large client base over a short time. – Business opportunities that charge reasonable fees for monthly services will thrive.  


Predictions for the best business opportunities of 2009 are based on theory. The world is experiencing a recession and markets are crashing. But just like in 1929, people need practicality and yet they also want to be indulged, nothing changes. What makes these business opportunities above highly rated? The inexpensive initial investment and running costs versus the practical nature of the business opportunities on offer.  

For more of what I consider to be the best business opportunities, take a peek at my past predictions for the best business opportunities of the year. Many of these business opportunities will work as home businesses.


One of the many people searching for a hot home business opportunity? Then this list above of the best home business opportunities based on current and future trends may be just what you're looking for.


I say "may be" because these home business opportunities are NOT suitable for people who are looking for "a money-making machine" or who "want to make money in their sleep" or any of those other phony promises.


Nor are these home business opportunities for people who expect to just make an initial investment and then just watch the money roll in. Successful work from home business opportunities are real businesses. To turn a work from home business opportunity into a success, you need to be prepared to work at it and have the appropriate knowledge and skills that you need to run any business.


But those caveats aside, these are what I think are the best home business opportunities - best because of their potential right now and because there's going to be an even greater demand for these products and or services over the next few years.

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