Many of us might have the thought of setting up our own business and being an entrepreneur. But, entrepreneurship is a broad term; and you will have to pick a business ideas that you are passionate about to start your business.
To start with, the key is to come up with brilliant business ideas. This may feel tricky to aspiring entrepreneurs, especially in a world where everyone’s already swooped up every good idea for a business. At the beginning articulating your idea might seem tough but if your idea is good enough then there’s always room to grow over time.
This list includes 30 great business ideas that can help you find success in 2020 and beyond.
- Online Courses:
Are you someone who has a great knowledge base on a particular subject and is passionate about sharing it with others? If yes, then the best way to start your career is through online courses. If you’re an expert at something, there’s likely a group of people online who would be willing to pay to become an expert in your field, just like you.
Just as the digital camera has revolutionized traditional photography, eBooks have transformed the way of book selling taking up a major section of the publishing industry. If you target the right audience, then packaging your knowledge and skills may, in turn, deliver great profit and add value to those seeking to learn those skills for their career.
3. Graphic Design:
There is a huge demand for graphic designers today. If you already have the skillset of design platforms, then you can start freelancing or find remote jobs on websites. For any business, first and foremost experience is what matters. Therefore, find a local startup that could benefit from some extra help designing. And once you’re an expert, you can move up to offering hands-on experience to high-value clients.
4. Web Design:
Web design is the art of creating a beautiful and user-friendly app or website. Most of the tech-based companies rely on web designers and that’s why becoming a freelance web designer is a great business idea today. And over time, you’ll get experienced, build more relationships, and eventually build a full-time business.
5. Web Development:
6. App Development:
In this digitalized world, you can find an app for nearly everything. If you are someone who can create a next-generation mobile application then, it could be a profitable way to make some money if you’re good at what you do. If you have a great idea and know-how to code, then start with it right now. If your first app is a success it might launch you into a career with some great projects in the future.
7. Digital Marketing:
Digital marketing is always in demand, as small, midsize, and corporate companies prefer outsourcing than establishing an in-house marketing team. If you've got the chops in areas of digital marketing, pay-per-click, SEO, social media management, web app development, content management, etc., then this is an excellent startup opportunity, that would give you the freedom to work from home.
Blogging is still on-trend but the competition is fierce. According to blogging statistics, tens of thousands of bloggers are creating profitable content on topics like travel, film, lifestyle, home cooking, business, and more. The best part? It doesn’t cost much. Your first step is to get into the technical side and then understand what your audiences want. Even if this takes some time, on the go, with the combination of revenue streams like affiliate marketing, email subscribers, and blog sponsorships you’ll be able to grow blogs into a six-figure business.
9. Business Consulting:
Whether you’re an expert marketer or business strategist, if you have valuable skill sets to understand business, then put in your skills and offer consulting services to business owners.
10. Social Media Marketing:
From traditional to online, businesses take advantage of social networking to increase brand exposure and customer reach. If you are good with major platforms like Facebook, Twitter, Instagram, Pinterest, etc. and can create compelling content well, you would do great in the social media marketing sphere.
11. YouTube Channel:
Are you someone who can create value-driven and entertaining video content? If yes, then starting a YouTube channel can be a great business idea. Once your video views and subscriber base increases you can start generating pretty substantial income from all the ads being displayed on your videos. YouTube is to all those who dream to make it big. So, if you feel that you have it in you, don't hesitate, just ideate, create and shoot.
12. Content Marketing:
Be it startups, established brands, or even notable influencers, all are in constant need of good content that can stand out and build credibility to brands. So, if you have any experience in this field, you are already a hot commodity, so why not capitalize on it?
13. Freelance Photographer:
Is photography an art you enjoy? If so, then you may consider a career in freelance photography. Starting a freelance photography business could be the best way to turn your passion and skill into a profitable business.
14. Yoga & Meditation Instructor:
Today, all of us aim towards a healthy mind in a healthy body. And yoga helps. If you have a keen interest in yoga, it’s a great career choice to start your yoga classes at home or link up with a yoga studio on a part-time basis.
15. Transcriptional Service:
Are you a good listener? Can you type fast? Then, transcription service is a great business idea that will allow work from home options with flexible schedules. To boost your business prospects, consider becoming a certified transcriptional as well.
16. Professional Organizer:
Looking for a business idea that can bring you immense joy? If you're a highly organized person who enjoys making spaces functional and comfortable, then get into professional organizing where you get to help people to declutter and develop a system for downsizing spaces.
17. Home Care Service:
A background in hospitality and care can go a long way to support housebound seniors who require in-home care. It's a service for which demand only keeps growing.
18. Food Truck:
If you are passionate about food and travel, then take your favorite style of cuisine on the road to sell your culinary passions directly to customers. When compared to a restaurant, a food truck costs significantly less, and you have that added benefit of mobility.
19. Drop Shipping:
Interested in an e-commerce business? Start with drop shipping, an order fulfillment method where a store sells a product, passes on the sales order to a third-party supplier, who then ships the order to the customer.
20. Sell Face Masks:
Face masks have become a necessity during the coronavirus outbreak. With the rising trend and demand, many fashion designers and businesses are taking note and now creating their designer masks. If you have an interest in creating DIY masks then, try making masks with proper guidelines and safety measures and sell them at stores or online.
21. Ride Sharing:
If you're doubtful of starting your own business, you can always use your car to become a rideshare driver. Rideshare apps such as Uber and Lyft have let people start side hustles that pay well and require little more than a willingness to drive people to their destinations.
22. Skilled Trades:
It's quite unfortunate that nowadays many of us neglect considering skilled trades as a career choice. There is a huge demand for talented workers in trades such as carpentry, plumbing, electrical, metal works, steel working, etc. So, why not take advantage of the demand and consider one of the skilled trades you are good at as your next business opportunity?
Podcasting is a lucrative career that has the potential to bring in a significant profit. As long as you have all the bases covered, your transition will be smooth. Once you start your podcast, you can also sell advertising space or work with brands to earn an income from your show.
24. Event Planning:
Are you good at planning and taking care of things? From idea conception to programming, an event planner creates experiences that bring vision to life. Securing an event-planning internship or assisting an event planner on-site, is a great way to start with. Once you’ve got the basics down, you can plan on getting your own event management business.
25. Travel Consultant:
If you love to travel, then why not carve a niche to become a private travel consultant? Being a travel consultant gives you exposure to a variety of products & destinations which would further help you to move into different areas within the travel industry
26. Tattoo Studio:
If you love art and design and have a passion for tattoos, becoming a tattoo artist can be a rewarding career. Once you build a great reputation or become a so-called Instagram-famous tattoo artist, then you can start charging higher.
27. Interior Design Consultant:
Nowadays people have become more concerned about how their homes look. If you are creative enough to remodel homes and decors then this business idea is a great move as a money-making enterprise.
28. Translation service:
If you’re a master in different languages and are good enough to have the grammar and spelling down, then translating is a great side business idea.
29. Makeup Artist:
If you have a deep love for cosmetics and have beauty skills to help someone look their best, then consider using your passion to pursue this easily profitable business idea. Becoming a freelance makeup artist is a highly desirable job because you set your hours, pay rate, and choose clients.
30. Data Analysis:
Good at numbers? Many of the companies need freelance data analysts who can collect, process, and perform statistical analysis on a large dataset. Being a data analyst is a great business idea if you have the right credentials and experience as it’s highly paid due to an increase in demand and low supply.
Now it’s your turn:
All the above-mentioned business ideas can help you earn a decent income. So, take the right pick depending on your interests, and initial investment possibilities. Never opt for something, just because somebody else has succeeded in that field. Listen to your true calling to start a business, that can bring you confidence, happiness, success, and stability.