Brian Chesky, the Co-founder of Airbnb once said, “If we tried to think about a good idea, we won’t have been able to think of a good idea. You have to just find the right solution for a problem.” If you agree with Brian’s thought and already have thought of a solution for a life’s problem or are on your way to do so, then there is a scope for you to start a new business in the future. Just by following these small business ideas, you can start your own startup easily.
It is a great option for even those who want to get out of their 9 to 5 jobs and want to start something of their own. But while you might feel that you are set for starting a new venture and passionate about your idea, you might be searching for some direction. To help you in this context, here is a list of small business ideas you can choose from.
The first important step in becoming a successful entrepreneur is finding the right business idea that works for you. Here, we will help you come across dozens of small business models you can start from your home and increase your client base.
Different Small Business Ideas
Associate with a Drop shipper- Drop shipping is one of the popular small business ideas you can start now. Purchase stock, store, pick, pack, and ship it. Handling inventory can be a huge commitment when you run a business. Drop shipping is a fulfillment model where a third-party supplier stores and then ships the inventory to clients on your behalf. Your role is to make sales and pass the orders to your supplier. The thing that makes this one of the best small business ideas is there is no need to handle the products yourself.
You can take products from one or more suppliers and store them in your online store under a theme that aims at a certain niche, like exercise equipment for yoga enthusiasts or water bowls for cat owners. When a customer purchases an item from you, the order is sent to the supplier who then completes it on your behalf. However, you will still be responsible for your marketing as well as customer service.
There are both overseas and local suppliers with whom you can work, if you can build a relationship with them on a trust basis- an untrustworthy supplier will ruin the image of your brand. Dropshipping is one of the low-investment small business ideas to test product-market fit and start a business before you invest in your new products.
Be sure to order a sample for yourself to ensure that your supplier is trustworthy and that the quality of the items is fit is appropriate for selling to customers.
Print on Demand- If you are looking for some successful small business ideas to execute, go for Print on Demand. In this, you need to sell your customized designs on different items like mugs, t-shirts, and phone cases. In this business, you do not have to print the artwork, instead, you partner with suppliers who will take ownership of printing your design on the product.
They will be even responsible for the packaging and shipping of the product to your customers, so there is no need for you to get into logistics. Also, you need to pay just once you sell the products.
One of the fastest ways to start this business is to create a Shopify store and install a POD app like Printify. As far as advertising is concerned, associating with Instagram influencers to promote your POD items is one of the easiest ways to reach customers.
Launch a book- Launching a book is one of the simplest small business ideas, especially for those who do not want to invest too much money. A book is just another sort of product when you think about it. And as such, you can write one to serve a specific demand in the market.
Picture books, cookbooks, poetry books, comic books, novels, and coffee table books- if you have the creativity, there are varieties of books you can write for the audiences. Print-on-demand publishing is a safe method to test and then begin with self-publishing. Launching a book can be a great way to monetize a blog if you are planning to start one.
Catering from home- If you love cooking and see it as a mode of earning extra income, then, yes, why not? Catering is one of the popular small business ideas for those who love cooking. Start a home-based catering business and earn some extra money by sitting at home. The initial investment depends on how big you want your business to be.
For instance, if you want to start with small events that can be managed by yourself, then the investment cost will be less. Most of the home-based caterers start their business by creating a website, experiment with local foods, or join platforms that let cooking professionals earn some profits from their culinary talent.
Website flipping- This is among the new small business ideas that have excited everyone starting from work-from-home professionals to recent college pass outs. It includes purchasing a live website, working on its design and content, and then selling it for more money.
There are a few places where you can purchase and sell websites to earn maximum profit. For example, Shopify’s Marketplace Exchange allows you to purchase eCommerce sites that you can further enhance through SEO, content marketing, and various other methods. Once your website starts to generate more money than when you purchased it, this is the time when you can list its name for sale.
Virtual Assistant- This is one of the successful small business ideas. Everyone ranging from large businesses to solopreneurs, everyone needs assistance with their day-to-day management. You can make use of your organizational skills to help them out.
You will get the payment for the time and effort you will put in to answer emails, schedule meetings on their behalf. You can refer to platforms like PeoplePerHour, Virtual Assistant Jobs, and FreeUp. This model open is always on demand as people keep on searching for efficient virtual assistants.
Email Marketing- Have you got praises for your emails? Have you ever cracked any code for curating subject lines that people are bound to click? If yes, then you can step into the world of entrepreneurship and earn money by starting an email marketing business. It is one of those small business ideas that guarantee a lot of money.
You can find organizations that need assistance with their email marketing strategy on platforms like Upwork and PeoplePerHour. Once you explain the skill of attractive recipients, customers will hurry to get your services and even may agree to pay you the price you ask them. Startup expenses include buying email marketing tools, which will computerize most of your tasks.
Website Testing- Do you know that brands with an online presence appoint real people to give feedback on their sites? The opinions help them address problems that their developers may have missed. You can appoint people like freelancers and develop your website testing organization.
During the projects, employees will get a set of queries that has to be answered by them while going through your company’s website. They will convey their thoughts on the present user experience and tips on how the website can be improved through video.
Think about your next Business Venture- Choosing a small business idea to work on is totally on you. Money is important, but you will require something more than motivation to run your business. Share your small business ideas with your family members and friends and take suggestions from them.
Do not give up until you reach the right idea that works as per your requirement and which will be a source of income for you. Don’t be ashamed to ask for help from anyone throughout the process- and don’t forget to have some fun while you are indulged in work.