Looking for the best business ideas for 2020? With the rise of the digital economy and the “economy of the individual,” more people than ever want to start a business and be their own boss.
All you need is the right business idea to make it big.
For example, I started this blog as a small business idea in 2019 to make money online.
It now brings in over $80,000/month if you check out my Blog Income Reports.
Over 63% of 20-somethings want to start their own business for the first time. The fact that you're reading this article means you are on the same page and may even want to start a part-time side hustle.
Even hobbies can turn into the best small business ideas with a little online marketing. Take dog walking for instance. It may not seem like a legitimate business idea at first.
But once you start running it solo and understand the ropes of pet sitting, you can build your dog walking agency, hire other dog walkers, create an app, and build your puppy walking empire.
And just like that, a business idea is born.
This guide will cover the best new small business ideas - many with low start-up costs and the ability to work from home.
Let's get started.
What Are the Best Business Ideas?
Here is a list of the 51 best small business ideas to start in 2020.
1. Best Online Business Idea: Start a Profitable Blog.
When you start an online business, you're most likely selling one of three things:
- Your time (coaching or consulting).
- Your own products (ecommerce or SaaS).
- Someone else's products (affiliate marketing or ads).
With a blog, you can sell all of these from one website and make the most money of any online business idea out there.
For example, when I first started my blog in 2019, I sold high-end SEO consulting services. Once I got more traffic, I added a few digital resources and sold them to my email list.
Today, I'm in over 200 affiliate programs and make over $80,000/month from this blog promoting SaaS software with a profit margin of over 92%.
So how do you get started?
First, you need to reject common blogging advice and learn how to blog like a business from day one.
A lot of common advice from successful bloggers (who all started 5-10 years ago mind you) is to “write about your passions” so that you can make a decent side income within a few years.
I never liked this generic advice. I always felt that it was written to appeal to the widest possible audience and it never gave tactical step-by-step guidance on how to grow from zero.
The entire reason I started this blog in 2019 was to prove that most blogging advice is outdated and you absolutely can make life-changing money in months, not years.
You just need to scale and treat it like a business.
If you're interested in learning how to start a blog and follow the exact formula that made me over $200k year one and pacing to seven-figures year two, check out my ultimate guide to starting a blog:
Some of the steps I cover in my 15,000+ word blogging guide include:
- Choosing your blog's niche based on four primary business factors, not your passions.
- How to choose your domain name and set up web hosting for as low as $2.95/month with a company like Bluehost.
- How to install a simple WordPress theme along with all of the relevant plugins bloggers need.
- Getting to know SEO tools and performing keyword research to generate traffic to your site.
- Becoming well-versed in SEO writing to help your content rank.
- Scaling your guest blogging and link building strategies to build Domain Authority.
- Monetizing your blog with the right tactics at the right stage of your blog's growth.
My email list will help too: To help you further, you can follow along with my free 7-day email series on how to make $10k in 90 days (plus you'll get a free 8-Page WordPress Blog Launch Checklist). You can sign up for this email series at the bottom of this article or in the right-hand sidebar.
If you're ready to get started now, I recommend you sign-up with Bluehost for $2.95/month, which is 63% off their regular price.
Blogging is the ultimate low-risk, high-reward business idea, and my top pick for 2020.
With a low barrier-to-entry and high profits, it's a great idea, even while working full-time.
2. Online Courses and Coaching.
It has become easier to share your knowledge or expertise via online course platforms. If you are a subject matter expert or passionate about something, then you can convert it into a substantial income.
Offer online coaching classes to students, build a community to help while building your online coaching business. You can set up a Facebook page or even a podcast where you can reach out to people looking for online coaching classes.
You can get started today with a One-Month Free Trial of the Thinkific Pro Plan with my link below.
3. Dropshipping and Selling Products Online.
If you have the ability to procure products in demand at lower prices, then you can start a lucrative dropshipping business by reselling those products at third-party sites like eBay or AliExpress. Dropshipping is a concept in which sellers procure products in bulk from suppliers and sell them further to the end-user.
Here's a perfect breakdown of how dropshipping works:
For dropshipping business ideas, you need to do extensive market research and identify critical products in high demand and can be procured easily at discounted prices. Check high-selling products on the leading ecommerce website, including Amazon, to gauge the current trend.
Learn more about dropshipping by taking an online course or by reading my ultimate guide to dropshipping.
If you want to start selling products online, I recommend you get started by building a Wix website.
They are the best ecommerce platform for small business because they are easy to use for beginners and come with all the marketing tools you need.
4. Graphic Design.
Companies are always on a lookout for graphic designers for branding purposes.
From designing marketing collaterals, including banners, posters, and logos to creating stunning designs of landing pages, the opportunities here are immense.
You can pitch your design skills to small business owners or individuals to start your gig. Graphic designers can also join freelance websites like Flexjobs to find relevant work.
If you have prior knowledge of this field, then getting clients would be helpful. However, learning the basics of graphic design from scratch is pretty easy, with a vast number of online courses.
Alternatively, you can use other user-friendly online tools like Visme to hone your graphic design skills further.
Here are some amazing graphic design courses that will give you a great head start in this career:
- Fundamentals of Graphic Design (Coursera)
- Graphic Design Fundamentals: Getting Started (Creative Live)
I recommend you get started with Adobe Photoshop as part of Creative Cloud.
5. Web Development.
There are over 4 billion internet users in the world. And to cater to this massive online population, 6 out of 10 small businesses have a website. This is why web development is a valuable skill to cater to the surging demand for launching and upgrading websites.
Start by developing websites for your friends and family to polish your skills. New businesses are always looking for efficient coders at cost-effective prices. You can kickstart your career by offering competitive prices for your services and then slowly transform it into a more lucrative business plan by solidifying your portfolio.
6. Instagram Influencer.
With the rise of social media channels like Instagram, now consumers are increasingly turning to niche influencers to get advice on a product they are looking to purchase.
This is what being an Instagram Influencers is all about.
The term evokes images of promoting energy drinks and raving about skincare products.
Kylie Jenner, anyone?
But it's much more than that.
First, you have to choose your niche. It can be anything, from tech to beauty to health. Make sure to select the domain area you are passionate about and are well versed with.
Next, you have to build a solid Instagram following by posting interesting stuff about your life and talk about things that are relevant to your target audience.
Once you build a healthy following, brands and affiliate marketers will contact you automatically for collaborations with handsome pay-outs.
People with the right marketing skills, know-how, and thousands of Instagram followers can earn anything from $500 to $6000 per post. Even if it can publish 3-4 posts a week, it becomes an extremely profitable business.
You can check out my full guide to making money on Instagram for more tips.
7. Phone Case Business.
There are more than 2.5 billion smartphone users in the world, and the number is increasing every day.
Since everyone worries over the safety of their Smartphone, Smartphone cases are one of the top-selling mobile phone accessories. As a result, mobile case sellers are raking in 6 or 7 figures income by selling smartphone cases in huge volumes.
Mobile cases don't have to be bland and boring. People today are showing interest in various types of mobile case designs, with interesting artworks, witty quotes, or funky designs.
You need to be creative and innovative to create a collection of smartphone cases that your audience would be attracted to. One Etsy store managed to sell handmade cases worth $60,000 in its first year.
The idea is to find your own unique niche.
You can easily list your collection of new products on ecommerce giants like Amazon and eBay. Once you start making some money, there is always the option of launching your own boutique website on a platform like Shopify to cut down commissions.
8. Affiliate Marketing.
It's been a buzzword in the marketing arena for quite some time.
When someone asks how to make passive money online, a lot of people automatically envision affiliate marketing. Brands that want to sell products online create new affiliate programs and allow affiliates (publishers and bloggers) to promote their products and earn commissions.
According to one blog income report study, bloggers making between $7500 - $25k per month make 38% of their income from affiliate marketing.
In simple terms, Affiliate marketing is a business model where bloggers and influencers recommend services or products they like or find useful, something that will be genuinely helpful for their followers, and earn a percentage of profit for each sale that follows.
Here's a perfect rundown of how affiliate marketing works:
To get started, register with networks like ShareASale, Awin, Rakuten, Clickbank, or Skimlinks to start making money from the type of content being published on the website. The income will gradually grow along with the growth of your website - Sky's the limit here.
To get more pertinent insights, check out this blog post of mine about the 105+ best affiliate programs to join this year.
9. Virtual Assistant.
You can use your excellent organizational skills to create an extra stream of income. Virtual assistants are in high demand by corporations, freelancers, and every kind of business.
It is also an excellent opportunity to know successful and influential people from different fields of work to build a vast professional network. At the same time, it also provides you the opportunity to work from anywhere in the world while developing your professional skills.
People are always looking for efficient Virtual Assistants on freelance job websites like Flexjobs.
10. Social Media Manager.
Billions of people are on social media, and businesses are spending millions to reach their target audience through various social media platforms. If you are glued to social channels and understand how the eco-systems work, then you can put your knowledge to good use and start your own social media marketing business.
Small businesses, start-ups, and influencers with massive social media presence are always looking for capable social media managers to help them grow their social media presence. You can pitch for social media account management and help businesses run paid ad campaigns on Facebook, Twitter, and other channels.
11. Travel Consultant.
If traveling is your passion and you are always updated about things like best airplane ticket options and hotel deals, then you fit the bill.
You can start by helping your family and friends, securing the best travel deals. It will help you earn free word of mouth publicity and kickstart the growth of your freelance travel consulting business.
Create pages on platforms like Instagram, Facebook, LinkedIn, and WhatsApp to promote your business and connect with people who want to leverage great deals. When you develop a solid follower base, you can also collaborate with travel agencies to cut exclusive deals for your customers.
To make it a full-time career, you can also consider earning a certification in travel consulting.
12. Interior Designer.
People have become more aware and tasteful about how their homes look. There is always a need for an interior designer who can tell which color will suit your walls and what is the right place to put your armchair.
You can take inspiration from Pinterest, which offers plenty of interior designing ideas to take inspiration from. You can even start by pitching your expertise to people in your acquaintance to gain confidence before going starting officially.
Here is the list of free interior design courses you can opt for to get a formal education.
13. Wedding Photographer.
Wedding photography has become grander and fetches handsome pay per project. Professional wedding photographers can charge anything between $2500 - $10,000 and even more for each photoshoot.
At the start, you can build your clientele by searching online and registering on aggregators, including MyWed, to find the business. You can also reach out to potential clients through Facebook and Instagram.
To hone your skills, you can either take online wedding photography classes or learn by reading this detailed guide. Here is the list of wedding photography gear you would need to start your wedding photography business.
14. WordPress Website Consultant.
WordPress is the go-to platform for small businesses and budding bloggers to start a website of their own. If you are well versed in how to set up a WordPress blog, then people can pay you hundreds of dollars for your skills.
Apart from WordPress consulting, you can also offer digital marketing services to your clients to diversify your revenue stream. It will help your clients bring relevant traffic to their website.
If you build a successful business as a WordPress website consultant, you can even transform your business into a full-fledged digital marketing agency.
You can learn more about building websites on WordPress through courses on Skillshare.
15. Drive an Uber.
Driving an Uber can help you earn a substantial amount of side money. Apart from driving, no specific skills are required to start this side business.
You can check all the requirements on Uber's website to know the feasibility of your decision.
However, before making a final decision, it is essential to factor in the costs of gas, wear and tear, toll charges, and maintenance to identify actual profits per month. You can use this helpful calculator to calculate actual earnings.
16. Develop an App.
There is an app for anything and everything - and they are making thousands of dollars. Bet you won't be able to find a niche for which there is no app built yet.
The best part is that you don't have to worry if your coding skills are good or not. Head to this course to learn about how you can build apps with little or no coding skills. But before implementing it, do some market research about the competition, revenue model, and feasibility of the app.
Look at some of the successful apps, including Instagram and Snapchat; all were built for a specific target audience and are now worth billions.
17. Buy and Sell Domain Names.
Trading of domains is an old tactic to make some extra money. But if you get lucky, then you can earn millions. The domain name Insure.com was bought for $16 million in 2009.
The key is to identify interesting blog names that have the potential to sell later. Buy them with cheap hosting plans and wait until a buyer approaches you. Building a desirable domain portfolio could take years. Keep researching and be patient.
18. Freelance Content Writing.
Content writers are in huge demand, especially for digital marketing purposes. If you have a knack for crafting engaging stories and writing articles, then you can turn your skills into a lucrative freelance writing business.
From website copy to blog posts and email newsletters, you can write content for a variety of things. Experienced freelancers earn anything between $1000 to $5000 in a week. You can also take up editing and proofreading work to help clients upload error-free work.
Freelance content writing offers you the opportunity to earn from any location. Check out my article on freelance writing jobs to polish your skills further.
If you are starting out, you can find work on websites like:
Once you build your portfolio, you can even launch your own website where you can welcome inbound leads. Other than this, you can connect with potential clients on social media platforms like LinkedIn and offer anything from content writing to SEO writing.
19. Data Analysis.
Businesses are becoming data-driven to make more informed decisions. Talented data analysts, who can make sense of heaps of data and bring actionable insights on the table, are in high demand. If you are great with numbers and have sufficient technical knowledge, then this is the job you would love.
You can learn more about data analysis by taking online courses from edX and Coursera. Once you build your data analytical prowess, you can search for both remote data analysis jobs on platforms like Flexjobs.
20. Airbnb Host.
You can make the most out of your unused space by listing your property on Airbnb. It has become a lucrative business for millions of homeowners who want to earn some extra side income.
Aside from renting out your room or apartment, it also provides an excellent opportunity to meet different people from all over the world. However, you might need to stay available on call to help out your guests with local requirements. You should also check if there are any rent control measures in your local area to be aware of.
You also have the option to enhance this business by offering food, personalized experiences like city tours, and transport on a chargeable basis. This article from Fundera talks in detail about how to calculate your earning potential from Airbnb.
Start earning money as an Airbnb host today.
21. Personal Trainer or Wellness Coach.
Personal fitness trainers are in high demand. If you are into fitness and know the technicalities of workout and diet plan, then you can make some extra money by helping people become fit.
Once you find the right clients and build a stellar reputation, the job is both physically and financially beneficial. Aside, you can also learn online about fitness diets to add more value to your service.
There's also an option of starting your own fitness blog to share your fitness tips with a wider audience and position yourself as an authority in the business.
Strive to learn more about fitness training and earn a certification to add more credibility to your profession. You can also opt to become a wellness or mental health coach land offer continuing education credits like Core Wellness.
22. Create a YouTube Channel.
Several YouTubers are making thousands of dollars by vlogging about their passion, skills, travel, food, reviews, and stand-up comedy videos, among others.
Pick a niche you are passionate about and have sufficient knowledge to create engaging and unique videos. The more entertaining content you post, the more views and subscribers you will gain.
Several successful YouTubers earn millions by posting videos. However, an average YouTube earns around $3 to $5 per 1000 views.
Before starting your YouTube channel, learn about YouTube guidelines and how to use its tools. Also, invest in a good camera and microphone to make quality videos for greater earning potential.
Your expert knowledge of another language can help you earn some money. Translators are always in demand, but high-quality translators are rare to find.
You can land lucrative jobs if you know by combining your strong language skills with the best grammar checkers to ensure your written content is of the highest standard.
There are thousands of jobs listed on Flexjobs for translators.
24. Tour Guide.
If you are living in a tourist hotspot and love interacting with new people, then you can easily become a tour guide. However, you also need to have extensive knowledge of your surroundings along with its history and culture.
You can launch your own tour guide company to help tourists get the best experience during their travel. On top of that, you can offer a little something extra by arranging vintage vehicles or unique local food for the travelers to stand apart from other travel agencies.
Tour guides also earn handsome tips if they delight their clients with their services. Read this detailed article to find out the qualities you need in a tour guide.
25. Stock Photographers.
From websites and banners to social media and marketing, stock images are used everywhere. If you have a DSLR and decent photoshop skills, then you can easily sell your images to stock photo websites including Pexels, Unsplash, and Shutterstock, among others.
Every time a client uses your photo, you get paid with a markup amount. You can later build your own website to secure better corporate projects.
Before considering the profession, learn about the type of equipment and investment, you would need to start stock photography. I recently put together a list of 18 best photo editing software for photographers, which might come in handy while building your stock photography business.
Ghostwriters might not get the credit for what they write, but they sure make a lot of money. Jeff Hadden has made millions just by writing for famous and successful people. He started writing as a side gig and ended up making a lucrative career out of it.
You can secure ghostwriting gigs on FlexJobs. Beginners can expect to earn anything between $15 to $30 per hour depending upon their quality of work. Once you gain experience and develop a portfolio, your remuneration can increase exponentially.
Learn the ethics and rules of ghostwriting before entering the arena.
If you know the art of mixing beats and have a taste for music, then you have the ability to become the DJ of your next local gig. Famous DJs usually earn thousands of dollars per month by doing a bunch of gigs.
However, it is not that simple. You need to learn the basics of sound mixing, design, and production of music before cutting to the professional scene. Go through this guide to get a better idea of how to get started.
I'd suggest you first take an online DJ course to understand the nuances of art to build a successful career as a DJ.
Style and fashion are always a topic of discussion. Naturally, being a good tailor is a great business opportunity. Your expertise to design and make designer-clothes within a limited budget can help you get access to a wide array of customers.
According to Entrepreneur.com, the business of alteration and tailoring requires a minimal investment of $2000. But you always have the option to start small and build your business gradually.
You can take an online fashion designing course from Oxford Home Study to gain more technical expertise in clothing and styling.
Baking can make you a lot of money. However, you should have a knack to make scrumptious delicacies, then only you will be able to sell them at premium prices. People always give more value and preference to hand-made and gourmet baked products.
To get started, you also need to stock up some essential cooking equipment.
You can start by cooking something as simple as your mom's perfect recipe for cookies to perfect your skills. Later, you can master a bunch of niche recipes to create your own USP and command premium rates on your products.
You can find free baking classes on Skillshare to master your baking skills further.
30. Freelance Content Marketing.
Startups, small businesses, and influencers are always looking to scale up their online presence by promoting high-quality, engaging content.
Your expertise in providing highly-effective content marketing strategies can help you get some high-ticket clients. Once you start building a portfolio of established clientele, you stand a chance to earn thousands of dollars per project.
You can start looking into your existing network to find out about the companies that are seeking content marketers to build their brand.
Content marketing is a dynamic skill set, and as technology keeps on evolving, you need to be on your toes to stay updated. Keep following top content marketing blogs to stay in the groove.
31. Freelance eBook Writing.
Access to cheaper or even free self-publishing tools has made it easier to write and publish a book. With around 89 million Americans reading e-books, it's a lucrative opportunity.
However, you should not go full time with this profession as only established authors earn more than $10,000 a year through e-books. Instead, start small, keep writing for others to make a name, and then probably foray into writing your own eBooks.
You can leverage it as your side-gig for extra income until you hit the sweet spot. Meanwhile, keep researching on the right strategies to write an eBook.
32. Invest your Money.
If your money is lying unused in banks and earning you minimal interest, then you might consider investing in more lucrative schemes. Warren Buffet is the most prominent example of being a smart investor who has made a fortune out of his intelligent investing habit.
You can start small with short term trading while learning the ropes of the stock market. Invest smartly in value stocks to grow your wealth steadily.
You can also take online stock market courses to get a better understanding of other financial investment options like cryptocurrencies and blockchain.
I recommend you get started with M1 Finance and begin investing today.
33. Build a Niche Website.
You can always find readers who are willing to read about the subject you are passionate about. For instance, if you start a blog about solo travel, then you can write valuable content about your personal travel experience that readers find useful. Make it engaging and informative to offer value to your audience.
However, you need to invest time in building your audience. You can also do market research to identify whether your niche is feasible in the long run as a money-making gig or not. Sift through the internet to search for ideas to build a profitable niche website.
I recommend you get started with Bluehost for $2.95/month, which is 63% off their regular price.
34. Car Washing and Detailing.
The majority of car owners never get the time to wash their cars and keep them squeaky clean. With the increasing number of car owners, it is a great business idea to start earning handsome income in your free time.
All you need is a sponge, car shampoo, tire black, hose, and some networking skills to get the business. A mobile car wash service has the potential to generate a revenue of up to $1,00,000 in a year. So, you might even want to make it your full-time business later.
Keep researching new car washing techniques to keep yourself updated.
35. Carpet Cleaning Business.
Every home has at least one carpet, and they are bound to get dirty. People are always in search for a reliable carpet cleaner to get rid of allergens, dust, bugs, and stains.
You need to invest in a good vacuum cleaner, cleaning agents, and carpet brushes to launch this business. Do market research on prices to offer the best options. You can start by asking around in your neighborhood for house cleaning service requirements.
Make sure to keep on learning about new carpet cleaning techniques to upgrade your knowledge of carpet cleaning. Further down the lane, you can even hire a bunch of carpet cleaners and launch your own carpet cleaning company.
36. Child Care.
Singe parents and nuclear families are always short of time to take care of their children. Hence, there is always a demand for compassionate childcare professionals. It is a lucrative career option if you love being around kids.
But before taking the plunge, be sure about the age-group of the kids you are willing to look after. As you gain experience, you can also open your own day-care center to look after the kids and expand your business.
To increase your chances of finding success in this arena, you might want to earn formal certification in childcare.
#37 Computer Repair.
There are more than 1 billion computers in use right now. No wonder the market for credible computer repair services is huge. According to statistics, the computer repair industry earned a total revenue of $19 billion in 2018.
Given the high repair costs at authorized service stations, you have a great opportunity to earn money by offering cost-effective repair services. If you're a handyman, You can start by approaching small businesses and neighboring homes to get computer repair projects. Gradually you can expand your team to take bigger orders from medium or larger enterprises.
From learning to fix networking issues to replace the crashed hard drive, opportunities are immense in this field.
If you have the attitude and body for the modeling business, then this gig requires is for you. Marketers and fashion designers are always hunting for fresh models to launch their products.
However, it is important to assess what you are subscribing to. Talk to people who are already in the industry, find a mentor who can help at an early stage of your career, and make the right contacts. The job may look glamorous, but it demands a lot of commitment and hard work to reach the top.
39. Dog Walking.
Several dog owners don't have the time to take their dogs out for a walk. As per AVMA, more than 50 percent of households have pets. If you are a dog lover, then you can help dog owners while earning a handsome amount.
You can also take the help of mobile applications such as Wag to connect with dog owners.
Here's the application process to apply:
Dogwalker is another great website that can help you connect with dog owners to get your business started.
Once you understand how this business runs, you can even start your own dog walking agency. Expand it further by offering dog bathing, food, and other related services.
40. Real Estate Broker.
The real estate market is back to booming in the USA, and though not quite a boom, it's picking up in the UK too. However, people want to avoid the hassles of getting the paperwork done and legal permissions required to acquire their property so they are looking to a broker or online letting agent to facilitate.
You can broker the deals to help buyers and sellers have smooth transactions. Build a healthy pool of clients by assisting them in buying and selling commercial and residential properties. You can also build a small sales team to approach the customers more efficiently.
Do proper research on how to become a real estate broker, take up required real estate courses, pass the examination with good grades to properly facilitate your real estate career.
41. Custom Furniture Supplier.
Custom-made furniture is in high demand. If you have an eye for creativity and are good at building furniture from scratch, then you can convert your craft into a great money-making opportunity. People are ready to pay a hefty premium for a great degree of personalization and customization.
The number of people who want to make their homes look authentic is growing exponentially, and so is the business opportunity. You can get business by contacting local homes and listing your products on platforms like eBay and Amazon.
42. Handmade Jewelry.
There are huge opportunities in the industry, with its growth projected at 5-6% per year. With no big corporate players in the field, the entry to this segment is also easy.
You can start selling online to earn a name, and if you end up becoming a household name, you can even open up a brick and mortar storefront.
Take a diploma or opt for online courses to understand the nuances of jewelry design and its making.
43. Human Billboard.
If you have no problems with parading around promoting stuff and grabbing eyeballs from strangers, then you can make some good bucks by becoming a human billboard. Brands can either rent out your beard or hair to carve their logo. All you need to do is to walk around in the markets and crowded public places to get noticed.
You can earn from $5 per day to $7,000 for a contract of five years. However, the business idea is quite radical and might appeal only to a bunch of people - but it pays.
The average human billboard salary can be as high as $50,242 per year.
The job of a human billboard is most suited for students who want to earn a quick buck to meet their tuition fees and other daily expenses.
44. Purchase a Website.
If you have an eye for spotting the right business for investment, then you can look for purchasing an existing website. Several websites on the internet have great potential but need an expert to make it possible.
You can buy a website at a discounted price, build its audience and business to sell at a larger premium later.
Here are the places where you can buy a website:
Website trading is a real thing, and people make a lot of money through it. The prices of a website usually depend on its traffic, domain name, revenue, and potential to scale up.
45. Mobile Laundry Service.
Laundry service is worth more than $40 billion in the USA. People will never stop wearing clothes, and as a result, they would continue to require laundry service.
Several home pickup laundry services have mushroomed over the years, but there is still potential to open a reliable mobile laundry service for locals by offering better services at a lower cost.
You can do a course in retail laundry and cleaning to understand the proper usage of chemicals and fabrics.
46. Junk Removal Service.
Well, it is not a conventional business idea that you usually pitch to your peers, but it has got great potential. You get the opportunity to clear the junk and make it accessible to recycling units for a sustainable future.
You can also get a franchise of big companies like JunkLuggers to kickstart your business. To get started, you would need proper equipment like a truck, shovels, garbage cans, sledgehammer, and more.
Once you set up your junk removal business, go through this guide to get an idea of how to make money with your new endeavor.
47. Wedding Planner.
Weddings have become more opulent, organized, and resource-intensive. To manage all aspects of the wedding efficiently, couples these days look for credible wedding planners.
You can jump into the wedding planning business right away if you have contacts with professionals like good caterers, florists, performers, travel agents, photographer DJs, and more.
The process is time-intensive and capital intensive but can bring abundant rewards. An average wedding planner earns around $40 per hour for their services. You can also get a diploma in wedding planning to take your skills to the next level and prove your credibility in the industry.
48. Personal Chef.
Becoming a personal chef can help you earn big bucks for your exemplary cooking skills. The majority of people are too busy with their profession and get little time for themselves. You can help such professionals out by preparing delicious food of their choice.
The personal chef job market is expected to grow by 5.2% between 2016 and 2026. The demand for chefs capable of cooking healthy and delicious meals is only increasing with time.
You can learn how to make new dishes on YouTube or take a certification in personal cooking to make yourself more employable. This can even lead to you opening up your own brewery, restaurant, bar, or coffee shop where your culinary skills are put on display to the public.
49. Contract Customer Service (CSR).
Many organizations cut down their costs by outsourcing customer service to freelancers. If you are good at communicating and have sufficient management skills, then you can easily take customer service jobs.
Freelancing websites, including UpWork and Fiverr, offer a lot of contract-based customer service. If you already have the relevant experience, then you can also build a virtual team and start your own customer service agency.
50. Pet Grooming.
Pet grooming has become a thriving business idea in areas where affluent pet owners reside. From a spa and foot massage to haircut and massage therapists, people are spoiling their pets to no boundaries.
To set-up a pet grooming business, you need around $2,000 and can earn an average of $48,000 per year. Find clients in your neighborhood or look for them on Facebook and WhatsApp groups.
You can also enroll in a dog grooming course to get a better insight into the job.
51. T-Shirt Printing Business.
T-shirts with exciting graphics and funky logos are in high demand. T-shirt retailing business is worth millions of dollars and relies on efficient t-shirt printers to meet the supply.
Several suppliers are already in the business, but there is enough room for new players. You can take the orders from multinational brands or local businesses or even launch your own line. Moreover, this industry allows you to work on your terms, i.e., you can either choose to work from a small room or start off with a big factory-based production.
Take a print production course from LinkedIn Learning to understand the dynamics of dyes and printing technology.
Business Ideas FAQ.
What business can I start with no money?
If you don't have any startup capital, there are still plenty of business opportunities out there. Most of them are ways to make money online by offering digital services. Here are some of the best ones:
1. Start a blog and make money with affiliate programs, ads, online courses, and digital products.
2. Become a freelance writer.
3. Join a platform like Fiverr and offer graphic design services.
4. If you have coding skills, start a business and develop websites and apps.
5. Become an online business coach and sell 1:1 coaching.
6. Join a high-end freelancing site like Upwork and become a social media marketing consultant.
7. Offer other digital services like SEO consulting, SEO writing, PPC management, or content marketing services.
What are the best startup ideas?
If you're looking to create a startup this year, there are plenty of options out there. Here are some of the best startup ideas:
1. Start a dropshipping business to sell products online.
2. Create a SaaS application and build monthly recurring customers.
3. Invest in real estate and co-working spaces.
4. Start a blog and make money with ads, online courses, and affiliate programs.
5. Start a podcast and make money by selling ad slots after building up your audience.
6. Start a digital agency and sell anything from web development and site management to social media and SEO consulting.
7. Start a food truck business and find a great location to generate sales.
What are the most successful small businesses?
The most successful small businesses have strong revenue and profit margins. Here are some of the types of small businesses that are most successful:
1. Legal services.
2. Accounting, bookkeeping, taxes, and payroll services.
3. Real estate leasing and sales.
4. Dental offices.
5. Outpatient care businesses.
6. Custom design services.
7. Warehouse and storage companies.
8. Mineral quarrying and mining.
9. Medical laboratories.
10. Secondary schools and education.
What business can I do from home?
With the rise of the digital economy, it is easier than ever to start an online business and work from home. Here are some good options:
1. Freelance writing.
2. Graphic designer.
3. Web developer.
5. Social media specialist.
6. Home tutoring.
7. Speaking and coaching.
9. Airbnb host.
10. Virtual assistant.
How can I be my own boss?
If you want to be your own boss, follow these steps:
1. Determine what you want to do and which business ideas are best for you.
2. Evaluate the market and competition.
3. Make sure you have enough money to start your new venture and set aside capital.
4. Create a business and marketing plan.
5. Choose your business name and create your brand identity.
6. Officially start your business by forming an LLC or S Corp.
7. Get your finances in order by hiring a bookkeeper or using small business accounting software.
8. Set up a business bank account.
9. Start marketing your business online by building a website and creating a social media presence.
How can I earn money fast?
If you need to make money fast and don't have time to wait for profits, there are a lot of options. Here are some of your best options:
1. Refinance your debt to get a lump sum of cash.
2. Sign up for an online survey site like Survey Junkie to make money filling out surveys.
3. Use investment apps to that pay you back every month.
4. Utilize an ecommerce platform to sell products online and get traffic quickly by using Google and Facebook ads.
5. Sign up for a gig economy app like Fiverr and sell digital services online.
6. Create an account with an app like Turo or Spinlister to rent out your stuff.
7. Write and publish an eBook to make money on Amazon.
8. Call your bank and see what kind of account bonuses you can get.
9. Build an online course and sell your knowledge to students.
10. Become a freelance writer.
11. Host a podcast and make money selling ad slots.
Now it's your turn.
All of the professions and small business ideas mentioned above can help you earn a decent income even after starting on a small scale. Take the right pick depending upon your skills, interests, and pocket size.
Never opt for a business idea just because somebody else is also doing that - listen to your true calling to become a successful entrepreneur.
Did you miss any of your picks of the best business ideas? Let me know in the comment section below.